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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

Attachments: Prop Firm Hub
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Prop Firm Hub

Quoting Inception12
{quote} OK.. Thanks. I'll check them out. Do you still have an account with TFF. I had an account but blew it around the time they had closed their discord. They reopened it so am wondering if everything went back to normal.
Personally I would not trust anymore TFF. Closing Discord is like a red flag. They want to silent the whole trading community. Pretty bad decision, maybe a must for them, because they had no other choice to do so. They got too many questions why they did not payout bigger payouts. So this remains with salt when you join.
Quoting DeltaCapital
{quote} Wise will cancel prop firms like deel did for sure
Yup.

Talked with The Funded Circus chat support this morning as I haven't received any email in regards to my Wise payout request and got this response. So now I have to wait for the Wise payout to be canceled and then request a crypto payout for the second time. 5 days and counting but I'm actually glad because I prefer crypto 100%. Ironically withdrew more money from one of my poker sites last night and it was in my Kraken account in 45 minutes. But yeah, The Funded Clowns are revolutionizing the industry.
Attached Image (click to enlarge)
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Funded Traders trying to get their payouts. Actual footage
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"Pride always comes before destruction...." -Proverbs 16:18
Quoting Expo33
{quote} Yup. Talked with The Funded Circus chat support this morning as I haven't received any email in regards to my Wise payout request and got this response. So now I have to wait for the Wise payout to be canceled and then request a crypto payout for the second time. 5 days and counting but I'm actually glad because I prefer crypto 100%. Ironically withdrew more money from one of my poker sites last night and it was in my Kraken account in 45 minutes. But yeah, The Funded Clowns are revolutionizing the industry. ...
Or wise is starting to block firms or TFT is coming with excuses do delay payouts, doesnt sound good at all, btw what poker website u use?
Quoting TrAndy1
{quote} Personally I would not trust anymore TFF. Closing Discord is like a red flag. They want to silent the whole trading community. Pretty bad decision, maybe a must for them, because they had no other choice to do so. They got too many questions why they did not payout bigger payouts. So this remains with salt when you join.
They pay but deny big payouts, the thing is stay in 4 figure payouts, but who knows in some months the bad prop firms will go in solvency because of people buying less challenges, maybe only FTMO survives and a couple others, but the smaller prop firms must be strugling right now for real ahah, damn they targeted MFF when it should be TFT, we just needed FTMO and MFF and we good, all the other trash could go sink down, it is better to have less but good firms than alot of firms and alot have problems with rules and denying payouts
Quoting Expo33
{quote} Yup. Talked with The Funded Circus chat support this morning as I haven't received any email in regards to my Wise payout request and got this response. So now I have to wait for the Wise payout to be canceled and then request a crypto payout for the second time. 5 days and counting but I'm actually glad because I prefer crypto 100%. Ironically withdrew more money from one of my poker sites last night and it was in my Kraken account in 45 minutes. But yeah, The Funded Clowns are revolutionizing the industry. ...
Its ok mate, I will guarantee your withdrawal - 1000 virtual dollars will be yours if they do not pay you. Will you take it in pepegas?
Pakistani are banned now totally from Bespoke. Right decision. They come in groups with the HFT EAs to exploit the datafeed and then posting masses of 1 star reviews. Just because of 1 caught trader the score on trustpilot went down from 4.6 to 4.5. Too many criminals harming the reputation of Bespoke from Pakistan. They also think now to dismiss 8cap totally, so that even no MT4 can be chosen. Because those sold HFT EAs from telegram can still work on MT4 as long as it is from 8cap. They take instead from 1 or 2 days on MT5 now 1 week or max. 2 weeks for 100% sure passing. This passing services too are an illness spreading around the internet.
Quoting DeltaCapital
{quote} They pay but deny big payouts, the thing is stay in 4 figure payouts, but who knows in some months the bad prop firms will go in solvency because of people buying less challenges, maybe only FTMO survives and a couple others, but the smaller prop firms must be strugling right now for real ahah, damn they targeted MFF when it should be TFT, we just needed FTMO and MFF and we good, all the other trash could go sink down, it is better to have less but good firms than alot of firms and alot have problems with rules and denying payouts
Yes, we used to say it over and over in here, just use MFF and FTMO, all the other garbage ruined it for everyone. I guarantee MFF would still be here if nobody ever gave these other firms any business. Now we all suffer.
Quoting pipmaster77
{quote} Yes, we used to say it over and over in here, just use MFF and FTMO, all the other garbage ruined it for everyone. I guarantee MFF would still be here if nobody ever gave these other firms any business. Now we all suffer.
If FTMO and MFF would increase their offer to buy 500k and 1000k accounts and have at least $2 million without scaling on funded accounts possible in one go, noone would question and look around to increase his income. The good traders would then constantly make 6-figure payouts per month. Because if you live in a first world country and maybe in a city you have a lot of cost. So 4-figure payouts do not help really. And lower 5-figure payouts do not make anyone here see the light at the end of tunnel. Only high 5-figure and 6-figure payouts would change the landscape dramatically. Why did MFF and FTMO make this decision not until today ? That would be the solution I think. And all those scammy and shady other prop firms with questionable business would be far apart from the much bigger market share of MFF and FTMO than right now. They would have like 90% market share those both together. Just increase accounts and let them trade more capital in one go without scaling.
Quoting TrAndy1
Pakistani are banned now totally from Bespoke. Right decision. They come in groups with the HFT EAs to exploit the datafeed and then posting masses of 1 star reviews. Just because of 1 caught trader the score on trustpilot went down from 4.6 to 4.5. Too many criminals harming the reputation of Bespoke from Pakistan. They also think now to dismiss 8cap totally, so that even no MT4 can be chosen. Because those sold HFT EAs from telegram can still work on MT4 as long as it is from 8cap. They take instead from 1 or 2 days on MT5 now 1 week or max. 2...
Man you start sounding as a true Bespoke agent
I wonder why all those "criminals" are just from one country and target only Bespoke and not other firms
The owls are not what they seem
Quoting TrAndy1
{quote} If FTMO and MFF would increase their offer to buy 500k and 1000k accounts and have at least $2 million without scaling on funded accounts possible in one go, noone would question and look around to increase his income. The good traders would then constantly make 6-figure payouts per month. Because if you live in a first world country and maybe in a city you have a lot of cost. So 4-figure payouts do not help really. And lower 5-figure payouts do not make anyone here see the light at the end of tunnel. Only high 5-figure and 6-figure payouts...
FTMO won't do it as they don't want to deny so many payments. Only firms that plan to deny payments offer large accounts without scaling. The serious ones require passing at least some scaling journey to give their risk management enough time and data to evaluate the trader's strategy before they go YOLO all-in with their 2M account

BTW. what kind you expenses you must have when even $10-20K bi-weekly wouldn't be enough for you? And I know Germany is not a cheapest country to live in
For me, for example, 20K bi-weekly is not only light at the end of the tunnel but a very comfortable luxury living
The owls are not what they seem
Quoting Vitore
{quote} Man you start sounding as a true Bespoke agent I wonder why all those "criminals" are just from one country and target only Bespoke and not other firms
Because Pakistani were already banned on many other prop firms. They had free hand until today with Bespoke. That changed now. That is because of the why here.
Quoting Vitore
{quote} FTMO won't do it as they don't want to deny so many payments. Only firms that plan to deny payments offer large accounts without scaling. The serious ones require passing at least some scaling journey to give their risk management enough time and data to evaluate the trader's strategy before they go YOLO all-in with their 2M account BTW. what kind you expenses you must have when even $10-20K bi-weekly wouldn't be enough for you? And I know Germany is not a cheapest country to live in
Not talking about my decent payouts. They are fine and I do not have too many costs here (actually). But I am planning to upgrade when it is possible. Living in a penthouse in the best location in a big city makes more fun, before I would move to 0% zero tax country when profits are overwhelming higher.

Second, I do not agree with you. They made so much money that FTMO and MFF both could afford at least $1 million in one go without scaling. They are pretty big nowadays. So they have the capacity to do so and also to do the proper A-booking of those traders.
And the best part is because of the already built trust they would gain on market share because all profitable traders would add more accounts with MFF and FTMO to get that max. funded account status. So in the end FTMO and MFF could make again much more money than now. They already have shown they can do A-booking.
Quoting TrAndy1
{quote} If FTMO and MFF would increase their offer to buy 500k and 1000k accounts and have at least $2 million without scaling on funded accounts possible in one go, noone would question and look around to increase his income. The good traders would then constantly make 6-figure payouts per month. Because if you live in a first world country and maybe in a city you have a lot of cost. So 4-figure payouts do not help really. And lower 5-figure payouts do not make anyone here see the light at the end of tunnel. Only high 5-figure and 6-figure payouts...
You can ask a different question: why did MFF and FTMO kept their cap at 600K and 400K and new props have immediately 800K or so ? Can a new firm see something that the old guys don't see ? Are the old guys leaving money in the table ? Strange, no ?
Quoting Expo33
{quote} Yup. Talked with The Funded Circus chat support this morning as I haven't received any email in regards to my Wise payout request and got this response. So now I have to wait for the Wise payout to be canceled and then request a crypto payout for the second time. 5 days and counting but I'm actually glad because I prefer crypto 100%. Ironically withdrew more money from one of my poker sites last night and it was in my Kraken account in 45 minutes. But yeah, The Funded Clowns are revolutionizing the industry. ...

The announcement in their discord:

IMPORTANT PAYOUT UPDATE
After back and forth with WISE, they have decided to put our account on withdrawal only(right after the deposit we made yesterday hit) which means we are not able to send out payouts via WISE. They are also refunding a few of the transactions that we have already sent. This is very disappointing but honestly helps bring closure to the issues we were having with them. We are ready to move forward with crypto.

For all payouts that were not successfully sent via wise on the following dates 9/7, 9/11 - 9/15, 9/18 - 9/22, 9/25 - 9/26. We will be taking one of the following two actions. If your account was already enabled for trading, we will contact you directly for a crypto address to send your payout to. If you're still in payout pending status we will just reject your payout, you will request a new one via crypto, we will immediately enable your account for trading and then we will send your payout.

Moving forward we will make all payouts via crypto (USDC, USDT, ETH via erc20 and BTC) only. There is no maximum amount for withdrawal via crypto.

We understand there are a handful of countries that are not able to accept crypto. We are actively researching alternative payout methods for the longer term including skrill, rise, plane and payoneer.

Bank wire directly will not be available as the amount of payouts we are sending on a daily basis would cause our bank account to be put under review

The priority for us is short term stability and crypto is the way. We will get all the payouts owed out as soon as possible and pending how quickly everyone resubmits their payouts will clear as much as we can by this Thursday / Friday as we originally planned.

After this is past us, we will keep a list of everyone affected and directly adjust the next withdrawal date they have and send them compensation.

This situation has tested all of us, for those that have remained loyal we appreciate you greatly. At this time actions will speak louder then words. Looking forward to getting all of this resolved for each of you.

UPDATE:
Payouts team will work through the weekend to clear payouts. Vietnam is now able to withdraw via crypto. @everyone
Quoting Capablanca
{quote} You can ask a different question: why did MFF and FTMO kept their cap at 600K and 400K and new props have immediately 800K or so ? Can a new firm see something that the old guys don't see ? Are the old guys leaving money in the table ? Strange, no ?
My guess... and its just a guess, leverage at margin. Leverage dramatically drops after 1mm at institutional providers. Its likely they are limiting margin requirements based on % of potential stp orders. But its not sure.
Quoting Expo33
{quote} Yup. Talked with The Funded Circus chat support this morning as I haven't received any email in regards to my Wise payout request and got this response. So now I have to wait for the Wise payout to be canceled and then request a crypto payout for the second time. 5 days and counting but I'm actually glad because I prefer crypto 100%. Ironically withdrew more money from one of my poker sites last night and it was in my Kraken account in 45 minutes. But yeah, The Funded Clowns are revolutionizing the industry. ...
Bloody hell, now I need to waste time researching wallets, exchanges this coin that coin. I know very little about crypto, time to learn I guess. God I miss Alicia.
Quoting Capablanca
{quote} You can ask a different question: why did MFF and FTMO kept their cap at 600K and 400K and new props have immediately 800K or so ? Can a new firm see something that the old guys don't see ? Are the old guys leaving money in the table ? Strange, no ?
They want to keep their solid business without testing new waters. It works for them so they see no reason to change anything, except newcomers attract fast bigger market share then they make small adjustments, like the no time limit feature we have seen on MFF and FTMO too. They could go forward easily to grab any opportunity by newcomers and to show who is the elephant in the room. FTMO and MFF both would grow further. They only need to increase max. capital in one go.
I would at once buy new accounts to max. possible capital allocation. I am pretty sure any other trader here would also do the same. Why look elsewhere if you can buy more accounts with higher max. capital allocation (without scaling) on MFF then ?
Quoting TrAndy1
{quote}They made so much money that FTMO and MFF both could afford at least $1 million in one go without scaling. They are pretty big nowadays. So they have the capacity to do so and also to do the proper A-booking of those traders. And the best part is because of the already built trust they would gain on market share because all profitable traders would add more accounts with MFF and FTMO to get that max. funded account status. So in the end FTMO and MFF could make again much more money than now. They already have shown they can do A-booking.
They run a business, not a charity. Apparently, offering such large accounts without scaling would not be profitable for them or maybe would bring more risks than benefits, so why doing it? I'm sure they're not stupid and if it made sense for them they would have it already
The owls are not what they seem
Quoting TrAndy1
{quote}Why look elsewhere if you can buy more accounts with higher max. capital allocation (without scaling) on MFF then ?
Diversification? And trading 2M account may not be as profitable as trading eg. 4x500K or 10x200K for the volumes might become too large or you can even reach limits for a single position size etc.
The owls are not what they seem
Quoting Capablanca
{quote} The announcement in their discord: IMPORTANT PAYOUT UPDATE After back and forth with WISE, they have decided to put our account on withdrawal only(right after the deposit we made yesterday hit) which means we are not able to send out payouts via WISE. They are also refunding a few of the transactions that we have already sent. This is very disappointing but honestly helps bring closure to the issues we were having with them. We are ready to move forward with crypto. For all payouts that were not successfully sent via wise on the following...
This Angelo has no idea to use a google search. It was clear from the beginning that WISE would make a lot of problems, when they wanted to do all the transactions trough them. Only an idiot would not see that from that beginning. I just wondered why to hell are they using Wise now ???? They must be too stupid. Now this message above is not surprising me at all. I already spent some time this year with Wise. It is impossible to use it if you make 4-digit payouts and higher. They constantly ask on every transaction or every second transaction for the whole KYC procedure on both sides of any transaction. This year has been a full catastrophe for any Wise user. If anyone is reading the latest reviews on the internet about Wise he must come to the same conclusion without testing this "service". Is it like a plague now. If someone is a bit awaken, it could be intended to prolonger any payouts so that they do not need to pay them until the MFF claim with CFTC is resolved. Then again will some action takes place. Maybe this was intended from the beginning. They do WISE now, but Angelo knew, he cannot be that stupid I guess, that they will make problems. Then it takes weeks that they get their money back and the whole matter of doing payouts is taking not weeks, but months now. And the real intention is not to do any payouts when it comes hard with the MFF case, so they can deny as many payouts as possible because of the new CFTC regulation, which affects them directly as US firm. In addition there might be some CFTC rumors they are already in focus so they want to keep as much money as possible, so prolonging any payouts is helping and strengthening their finances, if TFT needs to pay a fine etc..
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