Disliked{quote} {image} When I clicked on T&C I got this. https://the5ers.com/high-stakes-terms-conditions/ {image} Ill have to send them a message to clarify.Ignored
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prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote} {image} When I clicked on T&C I got this. https://the5ers.com/high-stakes-terms-conditions/ {image} Ill have to send them a message to clarify.Ignored
Disliked{quote} First, I am not on telegram, only look at Discord. The CEO has much to do, there is work for him. So cannot say anything about critics, but for me he seems knowledgable. And they have a huge suggestions thread on Discord where you can tell them your constructive critics and they listen. Second, it is clear said in Discord. I do not know why you say they make a mistery. They say it clear and loud in Discord. You can have 2 positions regardless then only on winning positions held. DCA not allowed too, meaning that from your third entry on...Ignored
QuoteDislikedBespoke wished to be delisted from the group as had some confrontations with traders regarding leaking traders personal data to other firms and unfortunately, he couldn't defend this. Hence we don't discuss this firm here anymore. Hope this clear now, and you help us kee it this way.
DislikedMartingale and Grid strategies are loosing strategies, so forbidding to do so, is fine from the prop firm side. I cannot say anything bad about that. But in addition you cannot do a lot of scalping with them. The reason is, they cannot copy to A-book them on your funded accounts (they say). That is all. So short term daytraders are not so welcomed on BFP, but that is then all here. Second reason was, that they recently had only 8cap as broker and they said, we all know that, that 8cap datafeed easily can be exploited for tick scalping EAs and strategies...Ignored
Disliked{quote} You don't see the temper of a CEO in their own Discord because they control it and ban people that make "difficult" questions. You see it in a Telegram group where they can't ban people. And what I saw from him it's a kid behavior that is not used to be confronted and boils quickly, insult people and doesn't address question in a clear way. Regarding the pool of companies, there are data protection issues. People don't know what exactly is being shared. He was even banned from one of the prop groups and the explanation of the administration...Ignored
Disliked{quote} In reality they ban martingale and grid because in right hands they can highly profitable. Good to keep in mind that when we lose the prop wins.Ignored
Disliked{quote} When you went public, was it on their Discord/Facebook etc? Need to know for the future in case it happens to me. Thanks.Ignored
Disliked{quote} No, not in the long run, only in the short run. And then you got payouts based on luck only. That is why it is banned and I find it very acceptable. And I have experience with both strategies (10 or more years ago). So I know about what I speak.Ignored
DislikedMy opinion now has swung as follows: The CFTC is treating the prop firm model as a ponzi. They are all going to get shat on by the CFTC I think because it has nothing to do with the virtual/real funds or slippage or anything like that. Its purely about the model resembling a ponzi. The problem is, it doesn't look like an illegal ponzi, and thats going to be the argument. I truly believe all the knee jerk reactions of some companies is going to bury them.Ignored
Disliked{quote} Also profitable in the long run if you know what you are doing.Ignored
Disliked{quote} They blocked me from their Discord immediately, I published my case on a few prop firm review Telegram channels, they are members and monitor themIgnored
Disliked{quote} Cannot say this and I am watching their Discord. They do not ban people except for those who cheated and then ask in Discord stupid questions. I have seen this many times. Critics is very possible, there is a suggestions feature built-in, so any critics is fine. The mods are very helpful and do answer politely every time. I think you are not regularly in their discord as I am. Second data protection across multiple firms ? No, when the trader is reverse trading across multiple firms. That is only safety protection for Bespoke. Cannot say...Ignored
Disliked{quote} They blocked me from their Discord immediately, I published my case on a few prop firm review Telegram channels, they are members and monitor themIgnored
DislikedAnyone have experience with: https://theconcepttrading.com/ They are supposed to be regulated by ASIC.Ignored
Disliked{quote} Their offer is fraud. You pay full drawdown of account size as fee. There is score less than 1 meaning you pay more than what you get there. Forget it.Ignored
Disliked{quote} Its all about risk management, hedging and equity protection.Ignored