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  • #24,061
  • Oct 12, 2023 1:13am Oct 12, 2023 1:13am
I was just looking at the 5ers high stakes program and I'm confused, do you only get any profits when you hit 10% even when you're funded?
  • #24,062
  • Oct 12, 2023 1:54am Oct 12, 2023 1:54am
Quoting Dao-trades
I was just looking at the 5ers high stakes program and I'm confused, do you only get any profits when you hit 10% even when you're funded?
No. You get any profit.

10% is for scaling (but you can withdraw 2% + 3% + 5% and still get scaled because you achieved overall 10% of profit).
  • #24,063
  • Oct 12, 2023 2:27am Oct 12, 2023 2:27am
Quoting Capablanca
{quote} No. You get any profit. 10% is for scaling (but you can withdraw 2% + 3% + 5% and still get scaled because you achieved overall 10% of profit).
Thanks they weren't really clear on if and how often we could withdraw anything
  • #24,064
  • Oct 12, 2023 2:46am Oct 12, 2023 2:46am
Quoting Capablanca
I have 2 pending payouts: E8 requested it on Monday. Surprisingly (because it was public holiday), they approved that (which was good because from that point we can resume trading). Still on Monday they sent me the contract in Plane for signing (I had done this in the past payout but maybe they send a contract for each payout). I signed it and Plane sent me an email on Tuesday saying that they paid. What annoys me is that Plane marks it pending for payment on 16-Oct (Monday), so it's likely that I will only receive that on my bank account on Monday...
Keep an eye on your bank account. Mine also said pending or scheduled for a date several days after I actually recieved it, which was the same day I requested payment amount through plane.
  • #24,065
  • Oct 12, 2023 3:07am Oct 12, 2023 3:07am
Quoting Capablanca
{quote} No. You get any profit. 10% is for scaling (but you can withdraw 2% + 3% + 5% and still get scaled because you achieved overall 10% of profit).
why you need to make at least 3 times 0.5%/day ?! Does not make any sense ..
  • #24,066
  • Oct 12, 2023 3:20am Oct 12, 2023 3:20am
Quoting Stoneyrocks
{quote} why you need to make at least 3 times 0.5%/day ?! Does not make any sense ..
thats not per day..youll have to make 0.5% for 3 days while you reach 10% of the target given
  • #24,067
  • Oct 12, 2023 3:25am Oct 12, 2023 3:25am
Quoting Stoneyrocks
{quote} why you need to make at least 3 times 0.5%/day ?! Does not make any sense ..
Only challenge phases apparently. Funded you can make the minimum withdrawal amount,$150, and wait for payout if you like. At least that's what's been reported previously here.
  • #24,068
  • Oct 12, 2023 4:04am Oct 12, 2023 4:04am
Quoting karankeni
{quote} thats not per day..youll have to make 0.5% for 3 days while you reach 10% of the target given
“
A profitable day is a day on which the closed positions made a positive profit* of at least 0.5% of the initial balance.
*The positive profit is calculated as follows: Minimum(Midnight Balance, Midnight Equity) - Previous Day Balance”
  • #24,069
  • Oct 12, 2023 4:52am Oct 12, 2023 4:52am
Quoting Ferna
did anyone here not part of the industry get paid out more than their initial investment/deposit?
//----

if that means being paid more than the cost of the challenge, yes..... reasonably sure several here can say the same....

fwiw, myfundedfx approved yesterdays withdrawal in less than 2 hours..... it was pending, but useable, in my bank account less than 6 hours later.....

challenge fees might be credited faster.....h
to trade and code, keep both simple... no call to impress....h
  • #24,070
  • Oct 12, 2023 5:18am Oct 12, 2023 5:18am
Quoting rizla101
{quote} Only challenge phases apparently. Funded you can make the minimum withdrawal amount,$150, and wait for payout if you like. At least that's what's been reported previously here.
I can't confirm this because in every payouts I had always at least 3 days with 0.5%.
I do see that the mark of X/Y days is still active and counting during funding but I was never in a position to withdraw without the 3/3 already there.
  • #24,071
  • Oct 12, 2023 6:23am Oct 12, 2023 6:23am
Hearing murmurs that metaquotes are about to take action against unregulated prop firms using their platforms.
  • #24,072
  • Oct 12, 2023 6:27am Oct 12, 2023 6:27am
Quoting Takisd
Hearing murmurs that metaquotes are about to take action against unregulated prop firms using their platforms.
I guess that is adding gasoline to the BBQ. Even FTMO offers MT4/5. Big sigh. Can't tell you how much I wish I had (could buy!) a dual passport.
  • #24,073
  • Oct 12, 2023 6:28am Oct 12, 2023 6:28am
Quoting Capablanca
{quote} I can't confirm this because in every payouts I had always at least 3 days with 0.5%. I do see that the mark of X/Y days is still active and counting during funding but I was never in a position to withdraw without the 3/3 already there.
I should be able to confirm this in next couple of days.
  • #24,074
  • Oct 12, 2023 6:32am Oct 12, 2023 6:32am
Quoting Takisd
Hearing murmurs that metaquotes are about to take action against unregulated prop firms using their platforms.
Ffs its one thing after another. What would that leave us with couple of firms with Ctrader.
  • #24,075
  • Oct 12, 2023 6:38am Oct 12, 2023 6:38am
Quoting rizla101
{quote} Ffs its one thing after another. What would that leave us with couple of firms with Ctrader.
Besides FTMO who else offers cTrader? I'm not aware of anyone
Money is made by sitting, not trading
  • #24,076
  • Oct 12, 2023 6:39am Oct 12, 2023 6:39am
Quoting Takisd
Hearing murmurs that metaquotes are about to take action against unregulated prop firms using their platforms.
Yes.....much easier to go after the payment providers, platforms, etc.........kill many birds with one stone......no need to go after individual prop firms/brokers.
But, hey, atleast we are "protected" by the CFTC.
  • #24,077
  • Oct 12, 2023 6:40am Oct 12, 2023 6:40am
Quoting Capablanca
{quote} Crypto (USDT)
This confirms what i said and did. Fxify crypto withdrawal, if not received within 24hr support on Fxify telegram.
  • #24,078
  • Oct 12, 2023 6:42am Oct 12, 2023 6:42am
Quoting rizla101
{quote} Ffs its one thing after another. What would that leave us with couple of firms with Ctrader.
lol, you're lucky.....cTrader pulled out of the US years ago. Like I said, the rest of the world truly has no idea the bullshit we deal with here. My offshore broker pulled it like 8 years ago, even FTMO pulled it for US clients awhile back.
  • #24,079
  • Oct 12, 2023 6:45am Oct 12, 2023 6:45am
Of course, brokers/props can always provide their own platform. Is it worth it to them? Cost effective?
  • #24,080
  • Oct 12, 2023 6:49am Oct 12, 2023 6:49am
Quoting Vitore
{quote} Besides FTMO who else offers cTrader? I'm not aware of anyone
They may well be the only one. Not actually aware of any others.
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