Disliked{quote} no you will pay 10% of that ha ha I paid 15$ for the challange. If somebody says that we will be always simulated... then, I'm really tired of prop.Ignored
Trade with confidence, trade without fear.
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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
Disliked{quote} no you will pay 10% of that ha ha I paid 15$ for the challange. If somebody says that we will be always simulated... then, I'm really tired of prop.Ignored
Disliked{quote} Thanks. Have you received any payout from them ? Usually trailing stop sucks but 18.70 USD first month (+fee if funded) for a trailing stop of 2500 USD it may be worth to drop come coins in this. I went through FAQs and as far as I understood: - Trailing is accounted in real time - All positions closed EOD - 10 trading days minimum - Only in funded (or also in challenge ?): 10 days minimum in each peyout, max of 30% profits from a single trading and not more than 20% flipping days (which I think it's like doing only 1 micro lot open and...Ignored
Disliked{quote} Thanks. Have you received any payout from them ? Usually trailing stop sucks but 18.70 USD first month (+fee if funded) for a trailing stop of 2500 USD it may be worth to drop come coins in this. I went through FAQs and as far as I understood: - Trailing is accounted in real time - All positions closed EOD - 10 trading days minimum - Only in funded (or also in challenge ?): 10 days minimum in each peyout, max of 30% profits from a single trading and not more than 20% flipping days (which I think it's like doing only 1 micro lot open and...Ignored
Disliked{quote} I will try to make my goal of 1500$ in 7 sessions, and if I get funded good, otherwise, I forgot this test. {image}Ignored
DislikedA new player (with old people behind it - from Purple Trading) https://www.fintokei.com/ {image}Ignored
Disliked{quote} For my Apex account ($50k Tradovate challenge) it will be $160 for lifetime fee. I only pay after I am funded. Futures is different than forex, there are data fees. The total fee paid even if I need 2 or 3 months to pass is still less than one $50k challenge with 5ers and FTMO. I intend to pass and make money. I resubscribe on the 5th. I've traded 3 weeks (on Friday) because I spent a week getting set-up. Still getting used to Trading View platform but it looked easier to learn since I was half-way familiar v. learning NinjaTrader. This...Ignored
Disliked{quote} Are those people good or bad in terms of reputation ? Anyone knows ?Ignored
Furthermore, any Martingale strategies or EAs are not allowed. In particular Fintokei considers a “Martingale strategy” as opening more than one position on certain instrument and in the same direction whilst the first position opened on the same instrument is in drawdown. If any of the consecutive positions is opened at an exponent of more than 1x we consider this to be martingale strategy. Other definitions and possible application of Martingale strategies are also prohibited as Fintokei reserves the right to assuss such behaviour at its sole discretion.
For example, if you open a 1 lot buy on GBPUSD, and this position goes into open drawdown, you can open additional buys on GBPUSD as long as the lot size is the same or smaller, you cannot increase the position size. Once all buys are closed on GBPUSD, you can then open a new first trade on GBPUSD at a position size of your choice unrestricted.
Disliked{quote} I have not been paid out as I just started as of yesterday. I had been following Apex for awhile. I was with Tradeday with $150k and got to the $5k payout. Not bad for $150 investment. I wasn't interested in keeping that account and they are limited to one account only. Apex peaked my curiosity with the multiple accounts and deep discounts. Its merely a challenge for me to see if I can smash it.Ignored
Disliked{quote} Sorry I havent done my homework on apex yet, is there a fee to pay in addition to the monthly fee then, once funded? How much is it on that account size 50k right? The 80% discount on recurring fees make this offer standout. Regarding payments to US banks/routing, should be a good few options to create US bank accounts for Europeans, hopefully the US account i had to create for Wise would suffice. Would need to research Apex a lot more but assuming you don't have to start trading purchased accounts within a specified time, seems like a good...Ignored
Disliked{quote} Yes, there's a fee when funded which can be monthly or one off. You decide. Depends, of course, on the size of the account. On 50K it's 85 per month of 140 one off. https://support.apextraderfunding.co...d-Monthly-FeesIgnored
Disliked{quote} There is something those data fees. Because there is no lifetime datafeed option if you have a real futures account on a futures broker. So it can only be simulated datafeed. If they need to pay for each account professional datafeed pricing for each customer on each month, Apex would do only losses I guess. Something very strange is going on here with those datafeed options, especially the lifetime option. There is non lifetime datafeed pricing in reality on any futures exchange, remember.Ignored
DislikedI mean alone for the data even 1 month as professional trader (because you trade on a prop firm), you pay more for level 2 on CME/CBOT/NYMEX + more exchanges they are offering. So no way that is kind realtime datafeed from the exchanges. I do not know what I am missing here, but what kind of datafeed are they offering now?Ignored
Disliked{quote} My data fee payment in IB depends on my commission but that's monthly, as you say, no "one time off" deals. IB has some decent bundles, though. Apex may have to pay something to the platform (which pays to CME) to have real time and L2. But probably they even make money in that monthly subscriptions and for the one time option probably they calculate how long someone takes to blown an account and 140 USD in average is enough to cover that and have some profit. For the rest, I assume all these props, either forex or futures, are all a videogame...Ignored
DislikedApex 50K shows $167/MONTH. Is this the discounted price ? I see on on the top of the site that they have a 90% discount but there is no discount code so I guess these 167 are already net ?Ignored
Disliked{quote} It has to be real time otherwise arbitrage would be possible. But they probably have bundles negotiated with platforms and not 1 trader = 1 fee.Ignored