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  • #24,121
  • Oct 12, 2023 2:55pm Oct 12, 2023 2:55pm
Quoting Takisd
Russian money and all that. remember Meta is russian.
-Yes, which is why I would expect them to care more about money than regulation. Haha.

I suppose the two go hand-in-hand, here.
  • #24,122
  • Oct 12, 2023 4:35pm Oct 12, 2023 4:35pm
Is any one trading with takeprofittrader?
  • #24,123
  • Edited 4:48pm Oct 12, 2023 4:37pm | Edited 4:48pm
Quoting Tim_isoara
{quote} The score is nonsense. If you pass the challenge they refund the money. If you don't pass the challenge you lose the money. So...the score is not important. Important is the prop firm to pay...
Have to disagree here.....Let's say 2 challenges cost $500 each..... one gives you 100K with 10% DD and a 90% split, the other gives you 100K with 6% DD and an 80% split. Both have the same targets to pass the challenge
1st offer gives you 9K in available loss for your $500 (10K @90% split)
2nd offer gives you $4800 (6K @80% split).
If the target vs DD is different to pass that factors in as well. The score is all about how that money would perform in a personal account vs. investing that same amount in a challenge.
So, yes, even though the fee may be refunded, the value lies in how much more you get with the prop vs. trading it on your own.
Here is an example as I have a spreadhseet with all of the relevant firms......FTMO....$588 for a 100K, if I put the $588 in a personal account, and hit the same targets of the 2 phases, I will have $1,765, FTMO gives me $8K (10K loss @80%)....5%ers....$1,336 in personal vs. $8K....MFF was $1,060 in personal vs. $9,600...
so FTMO provides $4.53 for every $1, 5%ers gives me $5.99 for every $1 and MFF was $9.62.....do you see why MFF was, by far, heads and shoulders, above them all.
Those direct funding models, where fee is greater than max loss, yield a negative score, you actually lose money by trading with the prop vs. personal

But, yes, the point still remains, if you can't pass, the score is irrelevant
Of course, one must do your due dilligence and get with a firm that pays.....I know you're an MFF hater, but that is a bad example, it WAS NOT MFF who denied payouts or invented BS rules, they were paying large payouts very reliably.
  • #24,124
  • Oct 12, 2023 4:56pm Oct 12, 2023 4:56pm
Quoting Tim_isoara
{quote} The score is nonsense. If you pass the challenge they refund the money. If you don't pass the challenge you lose the money. So...the score is not important. Important is the prop firm to pay...
We assume we will be able to pass and that prop will pay, otherwise we would not be spending money there.

Therefore, score is important to compare value for money. A 100k challenge costing 500 USD is much better than costing 5.000 USD. Easy to understand if we exaggerate the example.
  • #24,125
  • Oct 12, 2023 7:35pm Oct 12, 2023 7:35pm
If a funding company has on their challenge stages no commision and then on the funded stage have commision what do you think that means and how would it affect the trader?
  • #24,126
  • Edited 8:05pm Oct 12, 2023 7:48pm | Edited 8:05pm
Reading lots of complaints about Bespoke and Funded next in Facebook.

Stay away from them
Intraday only.
  • #24,127
  • Oct 12, 2023 7:50pm Oct 12, 2023 7:50pm
Better trade with FTMO only in the current situation.
Intraday only.
  • #24,128
  • Oct 12, 2023 8:02pm Oct 12, 2023 8:02pm
Quoting navk
Reading lots of complaints and Bespoke and Funded next in Facebook. Stay away from them
https://scontent.fmnl30-2.fna.fbcdn....JA&oe=652CBB81
found this meme on a facebook group. made me smile.
  • #24,129
  • Oct 12, 2023 8:11pm Oct 12, 2023 8:11pm
Quoting montygoldy
Final update on my challenges took 5 100k. Lost 4 all based on my super agressive trading style. Cleared bespoke( after trandy incident made me feel different about them) 2nd phase … TAKEAWAYS - props are totally different game so dont trade with the mindset of like your own account. Next steps first i planned to buy ftmo 2x 200k accounts but i am dropping it now coz with same amount i can purchase 600k worth of challenges. Better to take more challenges to get comfortable. so this week plan - buying 200k blue guardian, 200k...
Fundedengineer, FTMO ok.
Intraday only.
  • #24,130
  • Oct 12, 2023 8:16pm Oct 12, 2023 8:16pm
Quoting navk
Reading lots of complaints about Bespoke and Funded next in Facebook. Stay away from them
Fundednext getting sketchy with their aggressive promo recently.
All of a sudden keep spamming emails on promotion.
Exhausted
  • #24,131
  • Oct 12, 2023 9:55pm Oct 12, 2023 9:55pm
Bespoke is suddenly making noise on my facebook feed.
Attached Image (click to enlarge)
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  • #24,132
  • Oct 12, 2023 11:50pm Oct 12, 2023 11:50pm
Quoting pipmaster77
{quote} Have to disagree here.....Let's say 2 challenges cost $500 each..... one gives you 100K with 10% DD and a 90% split, the other gives you 100K with 6% DD and an 80% split. Both have the same targets to pass the challenge 1st offer gives you 9K in available loss for your $500 (10K @90% split) 2nd offer gives you $4800 (6K @80% split). If the target vs DD is different to pass that factors in as well. The score is all about how that money would perform in a personal account vs. investing that same amount in a challenge. So, yes, even though...
And if you pass the score is irrelevant...They refund your money
  • #24,133
  • Oct 12, 2023 11:52pm Oct 12, 2023 11:52pm
Quoting Capablanca
{quote} We assume we will be able to pass and that prop will pay, otherwise we would not be spending money there. Therefore, score is important to compare value for money. A 100k challenge costing 500 USD is much better than costing 5.000 USD. Easy to understand if we exaggerate the example.
They refund your money. You invest ZERO.
  • #24,134
  • Oct 13, 2023 12:15am Oct 13, 2023 12:15am
Quoting Takisd
{quote} I think that meta would go after the brokers facilitating it. Its not about fees, its about risk

Metaquotes puts the squeeze on Thinkmarkets, Purple & Eightcap = Mass prop extinction event
  • #24,135
  • Oct 13, 2023 1:00am Oct 13, 2023 1:00am
Quoting Tim_isoara
{quote} They refund your money. You invest ZERO.
So, for you it's irrelevant if a 100K challenge cost 500 USD or 5.000 USD ?
  • #24,136
  • Oct 13, 2023 1:02am Oct 13, 2023 1:02am
Quoting navk
Reading lots of complaints about Bespoke and Funded next in Facebook. Stay away from them
They have an army of fighters in social media. Minions that will defend them until death.
We saw the same with TPT and FCFX (or whatever that was called)
  • #24,137
  • Oct 13, 2023 1:15am Oct 13, 2023 1:15am
Quoting Capablanca
{quote} They have an army of fighters in social media. Minions that will defend them until death. We saw the same with TPT and FCFX (or whatever that was called)
The moment someone receives a little payout or the time invested and some positive return from whatever it is in life. People will indeed defend that and being totally biased in all aspects in life I noticed. People are dangerous that way tbh. One can learn alot about life in how people act with these prop firms.
  • #24,138
  • Oct 13, 2023 2:03am Oct 13, 2023 2:03am
Quoting labu
{quote} The moment someone receives a little payout or the time invested and some positive return from whatever it is in life. People will indeed defend that and being totally biased in all aspects in life I noticed. People are dangerous that way tbh. One can learn alot about life in how people act with these prop firms.
I remember a guy called Carrick that was ultra defender of TPT, even when they were denying payout with shady excuses. We could see that TPT was going under.
The guy came back to Telegram and still today says that TPT was a good company and believes in the regulator ASIC fabricated thing.
  • #24,139
  • Oct 13, 2023 2:09am Oct 13, 2023 2:09am
Quoting Capablanca
{quote} I remember a guy called Carrick that was ultra defender of TPT, even when they were denying payout with shady excuses. We could see that TPT was going under. The guy came back to Telegram and still today says that TPT was a good company and believes in the regulator ASIC fabricated thing.
The funniest thing about all this is the sensible question is : why don't these companies just get a license?

The truth: It takes too long, is too expensive and none of them qualify under the professional knowledge standards. They would have to find people who know better than them to run their company.
  • #24,140
  • Edited 6:07am Oct 13, 2023 5:49am | Edited 6:07am
I saw already many dumb things but if this is true it's really stupid. MFFx posted TODAY a payout praising trader's performance. Only problem is that this traders was already banned from MFFx. Are they idiots ?
https://twitter.com/MNBForex/status/1712750077901525502

Edit: this was not true. Too bad if it was.
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