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  • #24,521
  • Oct 23, 2023 7:23am Oct 23, 2023 7:23am
Quoting erlas7
Hi Is anyone use the FundedNext? They pay 15% during the evaluation period. I’m in the first stage of FTMO with no time limit. It takes so long because I don’t want to loose my account so I’m using very small risk. That’s why I’m looking for a another prop firm to get paid a little bit. Thanks
I would avoid Funded Next (btw the 15% is only paid when you achieve 5% in funding profits:
https://blog.fundednext.com/15-profi...luation-model/

- Customer service is terrible. They have the account manager thing but they are totally useless and take ages to reply.

- You may have a video interview after phase 2 before giving you the funded account or before a payout (I had an interview before one of the payouts - only prop where this happened to me)

- They have stupid IP rules. They want you to use only one IP and one device. If you use multiple devices you need to inform them upfront (which is impossible because mobile IPs are always changing). Besides , if you travel you need to proof your travel with plane tickets, hotel invoices, etc.
https://help.fundednext.com/en/artic...-at-fundednext

- They are very known in Telegram groups for denying payouts for multiple reasons (KYC "problems", IPs reasons, etc.). Vitore had a payout refused by them based in some IP stuff. I never had a refusal but I don't trust them a bit. It's one of the shadiest props out there.
  • #24,522
  • Oct 23, 2023 7:32am Oct 23, 2023 7:32am
Any recent news regarding MFF ?

https://www.financemagnates.com/fore...ery-selective/
  • #24,523
  • Oct 23, 2023 7:40am Oct 23, 2023 7:40am
Received my payout today via crypto from FXIFY (Processed 10/19) The technique is you need to go to their telegram and send a direct message to the mod. I am afraid that if you don't do this, your payout is gonna be delayed. They are still doing band aid resolutions since deel gone.
  • #24,524
  • Oct 23, 2023 7:43am Oct 23, 2023 7:43am
Quoting Expo33
{quote} "This isn't a consistency rule". It's a "we reserve the right to make up the rules when we need to fail you rule" No Thanks! {image}
Friend, I purchased a 50k from FTMO and traded the news and reached the target in minutes The failed the account and refused to promote me.

I'm afraid to tell you that ALL of these prop do the same thing. It aint just FPF
  • #24,525
  • Oct 23, 2023 7:50am Oct 23, 2023 7:50am
Quoting Bizziebee
{quote} Friend, I purchased a 50k from FTMO and traded the news and reached the target in minutes The failed the account and refused to promote me. I'm afraid to tell you that ALL of these prop do the same thing. It aint just FPF
Failed or banned by FTMO ? Because you traded the news with a normal account or with a swing account where news trading is allowed ?
  • #24,526
  • Oct 23, 2023 7:51am Oct 23, 2023 7:51am
Quoting TrAndy1
Any recent news regarding MFF ? https://www.financemagnates.com/fore...ery-selective/
Good article. I would like to see this also:
"From my point of view, I would like to see brokerages taking action, brokerages, already existing CFDs brokers offering an extra service like they provide copy trading, MAMs, and PAMMs. Why not prop trading, then? "
  • #24,527
  • Oct 23, 2023 7:59am Oct 23, 2023 7:59am
Quoting TrAndy1
{quote} Probably too good. Here is one latest trustpilot review without knowing all the details: " Watch out UPDATE - support staff have informed me I have no breached a rule so they are just refusing to pay me. I am currently trying to get a 37k payout with these guys since the 16th of September. Contact is limited with these guys apart from a few support staff who don’t know the rules. They are refusing to pay me out and now have blocked me in discord. I have a payout cert,...

It's amazing that some guys will go through hundreds of reviews until they find one or two bad ones and suddenly this is a rogue company. LOL!

Friend, you are going to find bad reviews on just about ALL of the prop firm trust pilots. There will always be those that don't get paid out. Usually it's because of gambling pratices which have been flagged.

Unfortunately there are those that look at prop firm trading as a way to become instant millionaires and they are always looking for ways to cut corners in order to reach their goal. Doesn't work unfortunately. But if you are just looking for a one - five grand payout using a 50k or 100k account you wont have problems.

I've noticed so many doomsayers and "glass half empty" posters on this thread - I really don't why they are bothering to trade forex. You're in the wrong game mates.

Lastly, FPF are not a new company. Been in the game for a long time. If they were a scam company, they would have been drummed out long ago!

You can also visit here for more info: https://forexpropreviews.com/Proprie...rex-prop-firm/

Here is one of many POSITIVE reviews:

"Forex prop firm is the best

They had some issues with Wise/Wire, I received an email asking for my BTC wallet address and the Next day money was in my Coinbase Account. This is awesome. Transparency is key for this prop firm co.
100% recommend forex prop firm to traders"


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  • #24,528
  • Oct 23, 2023 8:01am Oct 23, 2023 8:01am
Quoting TraderTero
{quote} Stay away.
Thank you!
  • #24,529
  • Oct 23, 2023 8:03am Oct 23, 2023 8:03am
Quoting Capablanca
{quote} I would avoid Funded Next (btw the 15% is only paid when you achieve 5% in funding profits: https://blog.fundednext.com/15-profi...luation-model/ - Customer service is terrible. They have the account manager thing but they are totally useless and take ages to reply. - You may have a video interview after phase 2 before giving you the funded account or before a payout (I had an interview before one of the payouts - only prop where this happened to me) - They have stupid IP rules. They want you to use only one IP...
Thank you!
  • #24,530
  • Oct 23, 2023 8:04am Oct 23, 2023 8:04am
Quoting Bizziebee
{quote} It's amazing that some guys will go through hundreds of reviews until they find one or two bad ones and suddenly this is a rogue company. LOL! Friend, you are going to find bad reviews on just about ALL of the prop firm trust pilots. There will always be those that don't get paid out. Usually it's because of gambling pratices which have been flagged. Unfortunately there are those that look at prop firm trading as a way to become instant millionaires and they are always looking for ways to cut corners in order to reach their goal. Doesn't...
The worst place to find reliable information about props is in sites like those that receive money from affiliation.
The second worst place is in Telegram prop groups. Sometimes they allow some criticism but not much.
  • #24,531
  • Oct 23, 2023 8:07am Oct 23, 2023 8:07am
Quoting Bizziebee
{quote} It's amazing that some guys will go through hundreds of reviews until they find one or two bad ones and suddenly this is a rogue company. LOL! Friend, you are going to find bad reviews on just about ALL of the prop firm trust pilots. There will always be those that don't get paid out. Usually it's because of gambling pratices which have been flagged. Unfortunately there are those that look at prop firm trading as a way to become instant millionaires and they are always looking for ways to cut corners in order to reach their goal. Doesn't...
It is not because of the reviews. Their rules are highly discretionary as posted from their Terms and Conditions. It seems you are filtering out the info you do not like to hear and then say it is good offer. Anyway nobody can stop you from buying a challenge from FPF. Let us know if you got your payout(s) from FPF. I simply do not trust.
  • #24,532
  • Oct 23, 2023 8:17am Oct 23, 2023 8:17am
Quoting erlas7
{quote} Thank you!
If you want to have more than FTMO, I would have a look at ACG. Maybe a 100k account at TFF and 100k at 5ers. That is all what I would look elsewhere right now.
  • #24,533
  • Oct 23, 2023 8:21am Oct 23, 2023 8:21am
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  • #24,534
  • Oct 23, 2023 8:47am Oct 23, 2023 8:47am
The B Booking happening on 5ers is out of this world, orders not getting filled etc.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #24,535
  • Oct 23, 2023 8:48am Oct 23, 2023 8:48am
sooo much manipulation wtf!
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #24,536
  • Oct 23, 2023 9:03am Oct 23, 2023 9:03am
Quoting Soros
sooo much manipulation wtf!
Really ? Never experienced anything there (I only do forex and low lots up to 5)
  • #24,537
  • Oct 23, 2023 9:05am Oct 23, 2023 9:05am
Quoting KoyaAndy18
Received my payout today via crypto from FXIFY (Processed 10/19) The technique is you need to go to their telegram and send a direct message to the mod. I am afraid that if you don't do this, your payout is gonna be delayed. They are still doing band aid resolutions since deel gone.
Thanks for the update. So FXIFY seems to be still paying but you have to request and go begging in Telegram. That's ridiculous, they should have adapted already the internal processes.
  • #24,538
  • Oct 23, 2023 9:17am Oct 23, 2023 9:17am
Quoting Vitore
{quote} Confirmation that Martingale in ANY form is prohibited (by the CTI CAO): https://discord.com/channels/624386695202209795/974684401642393630/1154798498449981501 Confirmation that adding any volume to losing trade is prohibited as well (by some funded member but not disputed by the CAO who was involved in the discussion in that time): https://discord.com/channels/6243866...52632235024404
I was able to read this and that's ridiculous.

They forbid martingale only for EAs. There's not a single mention of martingale as a forbiden strategy for whoever doesn't use EAs (manual trading for example).

The two mentions of martingale in T&C:

Quote
TRADING STYLES & EAS

  1. EA: EAs are allowed except the EAs of Martin Gale, High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, Any Tick Scalping Strategies, Any Reverse Arbitrage Trading, Any Hedge Arbitrage Trading, and Any use of emulators are not allowed. Using any of the EAs mentioned above will cause immediate termination of the account.


Quote
THE TERMINATION OF THE FUNDED TRADER PROGRAM‎

 

  1. ‎‎Performing prohibited trading activity, such as High-Frequency Trading, Ultra-Fast Scalping, Latency Arbitrage Trading, any Tick Scalping Strategies, any Copy Trading of other person's ‎signals, any Reverse Arbitrage Trading, any Hedge Arbitrage Trading, any use of emulators, and Martin Gale Style EAs.


So, martingale is always linked in T&C to the EA.

Either CTI is a scam (applying a hidden rule) or that operator is providing a wrong answer.
  • #24,539
  • Oct 23, 2023 9:40am Oct 23, 2023 9:40am
No healthy development. By far too many traders get funded at Bespoke too. They all also want a payout from b-booking or from the challenge fees. This is alarming.
Attached Image (click to enlarge)
Click to Enlarge Name: F85DJmrW4AAqv_H.jpg Size: 66 KB

Just imagine half of those funded traders will make it to the payout later. So 5.85% of all traders then have a payout. You can calculate from their discounts and fees how much the average payout can be until they cannot do any payouts anymore. So out of 1:17 will make it to the payout. Based on discount it is for the $400k 2-phase challenge around $25k on fees as income for BFP. So if that 1 trader on his 400k account (as example here) is doing more than ca. +8% profit with one payout or sum of all future payouts, they are gone. Too bad. The new passing statistics now with FE, and others are too alarming really.
  • #24,540
  • Oct 23, 2023 9:44am Oct 23, 2023 9:44am
Quoting TrAndy1
I only can warn you against 5ers. If regulators step in you need to pay back all your gains and you get your challenge fees also back. Everything is set to ZERO when they come. It is simply not allowed to take any real money as trader without having a license. Either you as trader needs a financial advisor license or the prop firm needs to be licensed. WITHOUT a license it is just big crime and nothing else.

It says it's a Nostro investment, and not a financial institution, what do you think about that?
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