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  • #24,801
  • Oct 26, 2023 11:17pm Oct 26, 2023 11:17pm
Quoting montygoldy
There are some mouth watering offers happening in few firms. Now i am wondering either go for 400k FTMO or 600k with the same amount on others. Blue Guardian - 25% (710$ for 200k account) Smart prop trading - 15% (780$ for 200k account) SKilled trader - 15% (734$ for 200k account) or FTMO 400k for 2180$
Chicken can be mouth-watering too......until you get Salmonella poisoning.
Pride always comes before destruction.... -Proverbs 16:18
  • #24,802
  • Oct 26, 2023 11:28pm Oct 26, 2023 11:28pm
Quoting TrAndy1
{quote} which twitter trader and what kind of size of payout ? When was that too ?
It was, basically, a guy whose strategy was collecting swapping fees. He contacted previously TFF to make sure that this strategy was fine and TFF said it was OK.

When he got to the payout they said that the swaps were wrong ini their system (blaming third party) and corrected swaps of his PAST trades. When they did this correction the account failed a daily limit and the account was voided. They have not paid him (19K).
https://twitter.com/nadogoyard/statu...hVbEMvMV8bj07w

And their reply:
https://twitter.com/doubleD20k/statu...75523290574851

TFF is very known for not assuming when something is wrong with their systems. It's never their faults. It's always someonelse.

This happened to a member of the topic when their system was down:
https://www.forexfactory.com/thread/...8#post14394118
  • #24,803
  • Oct 26, 2023 11:37pm Oct 26, 2023 11:37pm
Quoting TrAndy1
{quote} Tell me more, what better options you have ? I just want to be informed despite I am not US citizen. So I have a better overview what is possible in this world.
If you want to know more and contact people that seem to know a lot about this then it's worth a visit to the forum OffshoreCorpTalk.

They have a private section, wich is paid, but the free section has a lot of resources.
  • #24,804
  • Oct 26, 2023 11:52pm Oct 26, 2023 11:52pm
Quoting TrAndy1
{quote} Score without discount (are they any current promo codes for FundingPips ?) is ~ 5.3 which is very good value for your invested fee.
They have a flash sale valid just for today (10% discount)
https://twitter.com/fundingpips/stat...7Ctwgr%5Etweet
  • #24,805
  • Oct 27, 2023 1:59am Oct 27, 2023 1:59am
Does anybody know how props really make money? I mean, just from selling challenges?
I understand they kick out successful traders.
I read somewhere they make money on every transaction, that I could understand.
Bucket brokers make money when retailers lose, spread, and commissions, is that the same case with a prop?
But then they would need a broker license, like the one MFF avoided, and got them busted, right?

The point is, once we retailers understand their business model, then we can position ourselves accordingly. Like diversifying.
  • #24,806
  • Oct 27, 2023 2:31am Oct 27, 2023 2:31am
Quoting cuchuflito
Does anybody know how props really make money? I mean, just from selling challenges? I understand they kick out successful traders. I read somewhere they make money on every transaction, that I could understand. Bucket brokers make money when retailers lose, spread, and commissions, is that the same case with a prop? But then they would need a broker license, like the one MFF avoided, and got them busted, right? The point is, once we retailers understand their business model, then we can position ourselves accordingly. Like diversifying.
100% from fees and some possibly selling your personal data.

I'd be very happy to be proved wrong and invite any Trading Bucket Shop to provide evidence to the contrary on this thread, hell maybe even 0.5% A booked.
  • #24,807
  • Oct 27, 2023 3:27am Oct 27, 2023 3:27am
Quoting Fagin
{quote} 100% from fees and some possibly selling your personal data. I'd be very happy to be proved wrong and invite any Trading Bucket Shop to provide evidence to the contrary on this thread, hell maybe even 0.5% A booked.
Even the A-booked from MFF were just to put a maximum stop loss in some traders than to make money (because most of them blown up the account when they were put in normal market conditions).

I have some doubts is any prop was able to sell trading data, if that is of any use to anyone.

Probably the best use of data is to sell personal data to vendors (and let's hope they don't sell document copies for fraudulent things).
  • #24,808
  • Oct 27, 2023 3:59am Oct 27, 2023 3:59am
Quoting Capablanca
{quote} Even the A-booked from MFF were just to put a maximum stop loss in some traders than to make money (because most of them blown up the account when they were put in normal market conditions). I have some doubts is any prop was able to sell trading data, if that is of any use to anyone. Probably the best use of data is to sell personal data to vendors (and let's hope they don't sell document copies for fraudulent things).
Selling personal data or personal trades is not allowed. There are laws here. So I doubt they/the prop firms are doing this. There would be huge fines if that comes out.
  • #24,809
  • Oct 27, 2023 4:20am Oct 27, 2023 4:20am
Quoting TrAndy1
{quote} Selling personal data or personal trades is not allowed. There are laws here. So I doubt they/the prop firms are doing this. There would be huge fines if that comes out.
I think you need to be realistic and know that there is a chance you are sometimes passing your personal ID and bank details to nefarious people. Especially to firms outside of Interpol jurisdiction.

If I was that way inclined (which I'm not but I know how some things in the world work) then what would be THE PERFECT way to farm ID and bank details? Some are more valuable than others (i.e. western world).
  • #24,810
  • Oct 27, 2023 4:43am Oct 27, 2023 4:43am
Quoting Fagin
{quote} I think you need to be realistic and know that there is a chance you are sometimes passing your personal ID and bank details to nefarious people. Especially to firms outside of Interpol jurisdiction. If I was that way inclined (which I'm not but I know how some things in the world work) then what would be THE PERFECT way to farm ID and bank details? Some are more valuable than others (i.e. western world).
Sorry that I ask, but did you not say recently that you have 400k funded accounts with FTMO (and / or more funded accounts elsewhere) ?
  • #24,811
  • Oct 27, 2023 5:02am Oct 27, 2023 5:02am
Quoting TrAndy1
{quote} Sorry that I ask, but did you not say recently that you have 400k funded accounts with FTMO (and / or more funded accounts elsewhere) ?
Not currently with FTMO. I have MFF accounts that are priceless in value and I'm with another (whom I'd rather not say as I don't want to promote anyone).
  • #24,812
  • Oct 27, 2023 5:54am Oct 27, 2023 5:54am
Quoting CableJ
{quote} Was the court designated receiver dipping into the funds besides allowing bank chargebacks?
He likely got paid about 1m for the 2 months work, i am not sure what the judge ordered exactly. But it seems the judge agreed he was acting on behalf of the CFTC and not the estate which is not the purpose of a temporary receiver.

I will save some opinion on the MFF goings on until next week when the defense submission is due. Once thats public record its off to the races. It will be one of those rollercoaster rides i think but i am hearing some rumors that CFTC may be quite on the backfoot.

Some rumors about who the whistle blower is too but without evidence not commenting, just remember dont believe everything you hear on youtube.
  • #24,813
  • Oct 27, 2023 6:56am Oct 27, 2023 6:56am
Quoting TrAndy1
{quote} Selling personal data or personal trades is not allowed. There are laws here. So I doubt they/the prop firms are doing this. There would be huge fines if that comes out.
i know for sure FTMO sold my data including my phone number. I got harassed for a while by Trading Academy who sells “Forex courses “. And I had given my phone number just to register for the Free Trial (big mistake). Never traded with them.
Don't give up on your dreams. Keep sleeping.
  • #24,814
  • Oct 27, 2023 7:28am Oct 27, 2023 7:28am
Quoting Artcool
{quote} i know for sure FTMO sold my data including my phone number. I got harassed for a while by Trading Academy who sells “Forex courses “. And I had given my phone number just to register for the Free Trial (big mistake). Never traded with them.
could have been hacked tbh. There was ftmo login data circulating last year.
  • #24,815
  • Oct 27, 2023 8:19am Oct 27, 2023 8:19am
Same thing happened to me, but I think was Myforexfunds, maybe they didn’t sell the data but got the data breached by a hacker, and I was contacted everyday by Indian scammers trying me to invest in forex scams lol
  • #24,816
  • Oct 27, 2023 8:23am Oct 27, 2023 8:23am
Quoting DeltaCapital
Same thing happened to me, but I think was Myforexfunds, maybe they didn’t sell the data but got the data breached by a hacker, and I was contacted everyday by Indian scammers trying me to invest in forex scams lol
Do you share your passwords across any other accounts. The way that FTMO was found to have data breach is the passwords were unique to them. Other people had same password at multiple props and some guy ran a script to check from the original breach at TPT.
  • #24,817
  • Oct 27, 2023 9:22am Oct 27, 2023 9:22am
I have been looking for other firms and so far I only have FTMO and 5ers.
I almost opened an account with Alpha Capital Group bec of the decent pricing + discount, free trial, discord with support guys and no commission across all asset class. However, when I got to the FAQs, I find their rule of "2 minutes or more average trading duration AND majority of trades should be more than 2 minutes" a little restrictive for my strategy.
I trade indices during the London and NY open and a lot of times prices move really fast, I also add to a winning position (can be 3 positions at a time). I don't think I can add the trade duration as another factor to manage so I don't breach the account or be sent back to restart the whole process (if during the eval period).
  • #24,818
  • Oct 27, 2023 10:11am Oct 27, 2023 10:11am
Quoting TrAndy1
{quote} If you do not mind US prop, then look at E8 with "PayDay" promo code which is 15% less. Score of 6.1 is outstanding good value for your fee. Otherwise maybe FXIFY?
they are having some banning issues lately. Be careful. I say this warning as i did before the bespoke one - similar scenario, volume isnt there yet but there are some complaints.
  • #24,819
  • Edited 10:23am Oct 27, 2023 10:12am | Edited 10:23am
Quoting Takisd
{quote} they are having some banning issues lately. Be careful. I say this warning as i did before the bespoke one - similar scenario, volume isnt there yet but there are some complaints.
What kind of complaints ? Could you more go in details, as it could have some relevance. What details do you know here on E8 ?

Just reading the recent trustpilot reviews. It seems they also have the same IP issues, which is ridiculous. No one is doing account management as there is no third party consistent trader doing this crap. Others are saying that same trades across different traders is considered as group trading which is also not allowed. Excuse only.

So these are now MFFX, E8, FN, BG, FE for account management when you have different IP. Bad excuse. So better to dismiss E8Funding too.
  • #24,820
  • Oct 27, 2023 10:26am Oct 27, 2023 10:26am
Quoting TrAndy1
{quote} What kind of complaints ? Could you more go in details, as it could have some relevance. What details do you know here on E8 ? Just reading the recent trustpilot reviews. It seems they also have the same IP issues, which is ridiculous. No one is doing account management as there is no third party consistent trader doing this crap. Others are saying that same trades across different traders is considered as group trading which is also not allowed. Excuse only. So these are now MFFX, E8, FN, BG, FE for account management when you have different...
I also got on their radar some year ago for using different IPs. They delayed my payout but accepted my explanation and approved the payout eventually.
So this is just to confirm they monitor changes of IP addresses.
Money is made by sitting, not trading
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