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  • #27,481
  • Dec 24, 2023 8:44am Dec 24, 2023 8:44am
Hi, can anyone help me to find out which of the following prop firms are legit?

TheFundedTrader
myfundedfx.com
instantfunding.io
surgetrader.com
goatfundedtrader.com
directfundedtrader.com

bespoketoptiertrader.com
toptiertrader.com
The last 2 could be bad as i read already in this thread?

Most of them are with Thinkmarkets, because I like their spreads. If someone know a good prop firm with Thinkmarkets please let me know
  • #27,482
  • Edited 11:19am Dec 24, 2023 10:40am | Edited 11:19am
What props you can advice for balance based drawdown (except FTMO of course) ? ACG ? Anything else ? I heard TFT is going downhill with the recent Trustpilot reviews of 4.4 from 4.8 in the past. That is huge if you consider that a rating summary of 4 in prop space is already a full scam status. Which balance based DD props you trust?
  • #27,483
  • Dec 24, 2023 1:30pm Dec 24, 2023 1:30pm
Quoting Zuke
Anyone received a payout from MFFx? Im due a wire and have set up my Rise account but it (The Rise account) has been in the "ID verification" stage for a week. Anyone else have the same issue?
Little advice : withdraw your money with crypto (0 fees with Arbitrum - USDC) because Riseworks had and has issues with Bank tranfer (look at Truspilot)
  • #27,484
  • Dec 24, 2023 2:23pm Dec 24, 2023 2:23pm
Quoting t0bias
Hi, can anyone help me to find out which of the following prop firms are legit? TheFundedTrader myfundedfx.com instantfunding.io surgetrader.com goatfundedtrader.com directfundedtrader.com bespoketoptiertrader.com toptiertrader.com The last 2 could be bad as i read already in this thread? Most of them are with Thinkmarkets, because I like their spreads. If someone know a good prop firm with Thinkmarkets please let me know
Topstep all others are BS
  • #27,485
  • Dec 24, 2023 8:01pm Dec 24, 2023 8:01pm
Quoting Nehemah
{quote} Little advice : withdraw your money with crypto (0 fees with Arbitrum - USDC) because Riseworks had and has issues with Bank tranfer (look at Truspilot)
How you do ?
Arbitrum is like platform?

Last time I'm use USDT cost me $50
  • #27,486
  • Dec 24, 2023 8:39pm Dec 24, 2023 8:39pm
I believe that props that use Thinkmarkets/purpletrading/blueberry/eightcap have been sharing users data. If you make a lot of money at one of them, you may get banned by others.

How about Ftmo/Trueforexfunds and other props that have their own trading servers? Do they share users data with other props?
  • #27,487
  • Dec 24, 2023 8:47pm Dec 24, 2023 8:47pm
Quoting Nsak3y
{quote}-If the buy-in fees are needed for the payouts, wouldn't you want aggressive marketing that attracts gamblers? {quote}-This is interesting. I like me some no daily with static max.
The pattern Ive seen is that the more "serious" and older prop firms do not use overhyped discount marketing. Like Earn2Trade, FTMO rarely did too many of those marketing methods last I looked compared to others.

So for me I look for stability in prop firms, while many arent in this thread it seems since forex prop firms in general were used as hit and run here unlike futures prop firms since they got consistency rules more, which is required for serious traders.

UProfit being very new since 2022 apparently, does make it unusual that they arent using an aggressive marketing method. But if they pay then all fine, but since they are new they are on the risk radar.
Since like Apex for example also kind of new I guess thats why they use the discount hype method even if they are number one now I think atm in futures prop firm area.

Then it comes to personal reference too. I just feel more dirty if a prop firm uses any means possible to attract gamblers , like they are desperate to get as much funds in shortest time as possible . To me thats a warning sign of short term lived prop firm. Who focus on short lived success.
  • #27,488
  • Dec 24, 2023 9:42pm Dec 24, 2023 9:42pm
Quoting labu
So for me I look for stability in prop firms ... / ... I just feel more dirty if a prop firm uses any means possible to attract gamblers , like they are desperate to get as much funds in shortest time as possible . To me thats a warning sign of short term lived prop firm. Who focus on short lived success.
-This is my point, though. If the model is dependent on signup fees, then it would only make sense that these firms would use every asset at their disposal to generate signup fees, and we should want them to do that. If a firm wants to survive for the long-term and actually be stable so that they can continue paying people their profits, then they would do just that.
  • #27,489
  • Dec 24, 2023 9:53pm Dec 24, 2023 9:53pm
Quoting Nsak3y
{quote}-This is my point, though. If the model is dependent on signup fees, then it would only make sense that these firms would use every asset at their disposal to generate signup fees, and we should want them to do that. If a firm wants to survive for the long-term and actually be stable so that they can continue paying people their profits, then they would do just that.
I cannot argue there even if I have my personal preferences. But then one might wonder why some prop firms feel more need to do it than others and how others seem to do just fine without that aggressive marketing method.
Maybe they are unicorns no idea. Since A booking has proven to be too risky for these prop firms "looking at darwinx".
The futures prop firms model in general might be so beneficial due the monthly subscription model that they can afford it without attracting forex prop firm gamblers. Thats my guess or if they actually found a very good algo to detect consistent profitable traders for A-booking. Then to gain profit from that somehow.
  • #27,490
  • Dec 24, 2023 10:32pm Dec 24, 2023 10:32pm
Quoting labu
But then one might wonder why some prop firms feel more need to do it than others and how others seem to do just fine without that aggressive marketing method. Maybe they are unicorns no idea.
-As an example, firms like FTMO and MFF had the lion's share of the market as a result of their offerings and/or longstanding reputation etc., so the need to be overly aggressive was not there. The other firms needed to work for a piece of that market, especially since most of them were not offering anything new or better etc.. Many of them resorted to discounted offerings and aggressive marketing.

Quoting labu
The futures prop firms model in general might be so beneficial due the monthly subscription model that they can afford it without attracting forex prop firm gamblers. Thats my guess or if they actually found a very good algo to detect consistent profitable traders for A-booking. Then to gain profit from that somehow.
-The subscription model works well, especially if/when you couple that with a tight, trailing draw-down and initial profit caps etc.. The model does not require any sort of A-booking, in my opinion.
  • #27,491
  • Edited 11:21pm Dec 24, 2023 10:58pm | Edited 11:21pm
Quoting ladder
I believe that props that use Thinkmarkets/purpletrading/blueberry/eightcap have been sharing users data. If you make a lot of money at one of them, you may get banned by others. How about Ftmo/Trueforexfunds and other props that have their own trading servers? Do they share users data with other props?
yea, they're probably all just trawling us like fish . Oh and now "Riseworks" has problems, go figure. I never earned money yet, and we've been through paypal, deel already. honestly, this is looking bad for the industry, I doubt it'll survive here; it's over lol. I'll find out soon after I "pass" and can't get paid. If they don't allow ACH it's not gonna be viable long term. I remember when I did NADEX, ACH was available, and it was really easy, I never had to submit a passport either.
  • #27,492
  • Dec 25, 2023 2:17am Dec 25, 2023 2:17am
I checked this Uprofit 30k offer. Looks good but it's too expensive in my view. You pay 98$ and then setup fee 150$ after passing stage. So you pay 250$ for 1k static drawdown. So at the moment in that price you can get 4x ACG 10k accounts and have 4k total drawdown in 4 accounts for example.
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  • #27,493
  • Dec 25, 2023 2:32am Dec 25, 2023 2:32am
Quoting youngD
I checked this Uprofit 30k offer. Looks good but it's too expensive in my view. You pay 98$ and then setup fee 150$ after passing stage. So you pay 250$ for 1k static drawdown. So at the moment in that price you can get 4x ACG 10k accounts and have 4k total drawdown in 4 accounts for example. {image}

Also their profit target to total draw-down ratio is so poor. Almost trader have to achieve 3/4 times of total dd. Where industry avg is 1:1 or 1:1.2 max.
  • #27,494
  • Dec 25, 2023 2:55am Dec 25, 2023 2:55am
Quoting Capablanca
{quote} I read somewhere (here or twitter) that Rise was brutally loaded with new users and ID was delaying more that what was supposed. It was advised that people make the KYC upfront well before the payout date.
Alright I see, ah well Ill just have to be patient.
  • #27,495
  • Edited 4:32am Dec 25, 2023 3:28am | Edited 4:32am
I find ACG has the best offer with actual 40% discount code after FTMO for any FX prop. Any other prop that has balance based daily Drawdown and is a bit reputable ?
  • #27,496
  • Edited 5:03am Dec 25, 2023 4:51am | Edited 5:03am
The entry barrier is simpy too low...that is a problem, because the scam starts already here.
Inserted Video

https://franknagyfinancialservices.c...ding-formation
  • #27,497
  • Dec 25, 2023 5:10am Dec 25, 2023 5:10am
Quoting TrAndy1
I find ACG has the best offer with actual 40% discount code after FTMO for any FX prop. Any other prop that has balance based daily Drawdown and is a bit reputable ?
How FTMO offer is better than ACG with40 % discount?
Don't give up on your dreams. Keep sleeping.
  • #27,498
  • Dec 25, 2023 5:16am Dec 25, 2023 5:16am
Quoting Artcool
{quote} How FTMO offer is better than ACG with40 % discount?
Less rules and 100% secured payout when you make a profit on funded. FTMO still number 1 of course Why do you ask ? Any other prop you have in mind ?
  • #27,499
  • Dec 25, 2023 6:16am Dec 25, 2023 6:16am
Quoting TrAndy1
{quote} Less rules and 100% secured payout when you make a profit on funded. FTMO still number 1 of course Why do you ask ? Any other prop you have in mind ?
i thought you were talking about cost per allowed Total Loss which is the only objective way to compare offers.
Don't give up on your dreams. Keep sleeping.
  • #27,500
  • Dec 25, 2023 6:17am Dec 25, 2023 6:17am
Quoting Artcool
{quote} i thought you were talking about cost per allowed Total Loss which is the only objective way to compare offers.
I know, but payout safety is number one priority in these days. Otherwise you are right that the score is double the FTMO one. ACG cost only half (with promo) of FTMO.
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