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  • #27,841
  • Jan 6, 2024 2:02pm Jan 6, 2024 2:02pm
Quoting procrude
Here are 10 Prop Firms who I will be doing challenges with this Year. I am already in 5 Challenges and have 3 funded accounts. Upon my research these Prop firms are very reasonable and have decent reviews. I dropped Bespoke funding after they had payout issues (as seen in there discord). I dropped MyFlashFunding due to there massive Slippage which I experienced myself (20 pip Slippage during CPI). These are just based on my personal research. {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
The5ers (High Stakes) should come first on your list, next to Fundingpips then FTMO
  • #27,842
  • Jan 6, 2024 2:51pm Jan 6, 2024 2:51pm
Quoting Maroka
{quote} The5ers (High Stakes) should come first on your list, next to Fundingpips then FTMO
I will add The5ers to my list. Thanks.
Drawdown is more important than Account Size !
  • #27,843
  • Jan 6, 2024 3:04pm Jan 6, 2024 3:04pm
Quoting Maroka
{quote} The5ers (High Stakes) should come first on your list, next to Fundingpips then FTMO
The only thing I don't like about the high stakes is the 2-minute high-impact news restriction.

I like to put congruent daily close lines on my chart and set buy/sell limit orders at certain levels where price is fairly far away and let the news take price to where I get the perfect fill. But I will get penalized if that happens within 2 minutes which often is the case.
Pride always comes before destruction.... -Proverbs 16:18
  • #27,844
  • Jan 6, 2024 3:11pm Jan 6, 2024 3:11pm
Quoting Capablanca
{quote} Which ones have good conditions these days (futures) for retail ? AMP futures ?
i do very big in currencies in daytrading. so cant say about futures , because total wrong trading object for daytrading currencies. but many other here have maybe big knowledge about futures.
if you trade big there should be many brokers good , buy a sit at the exchange and reduce the costs by this even more .....
  • #27,845
  • Jan 6, 2024 4:02pm Jan 6, 2024 4:02pm
I like funded engineers new site. Still not buying a challenge. But i like the site compared to the old one.
  • #27,846
  • Jan 6, 2024 4:59pm Jan 6, 2024 4:59pm
Quoting Takisd
I like funded engineers new site. Still not buying a challenge. But i like the site compared to the old one.
Me too ! and I have only heard good things about them.
Drawdown is more important than Account Size !
  • #27,847
  • Jan 6, 2024 5:01pm Jan 6, 2024 5:01pm
Quoting deroty
{quote} Which program of the5ers allocate the maximum amount?
Bootcamp and Hyper Growth.
Survival intelligence is more important than entry intelligence
AAMS Trinity Engine Return This Month: 0.2%
  • #27,848
  • Jan 6, 2024 5:07pm Jan 6, 2024 5:07pm
Quoting procrude
{quote} Me too ! and I have only heard good things about them.
been funding with them almost 3 month now
payout fast, now they switch to purple Trading SC, just dont like the spread
  • #27,849
  • Jan 6, 2024 5:25pm Jan 6, 2024 5:25pm
Quoting elemiliman
{quote} Bootcamp and Hyper Growth.
Thank you elenmiliman.

I have 3 family members. Whether in FTMO or the5ers or other prop firms - can we use the same strategy as a family? We live together but have different houses too. I will use seperate VPS for each of us (different IP's) to trade and login to prop firm site. Is it possible?
  • #27,850
  • Jan 6, 2024 5:39pm Jan 6, 2024 5:39pm
Inserted Video
  • #27,851
  • Jan 6, 2024 9:58pm Jan 6, 2024 9:58pm
Quoting pipmaster77
{quote} The high stakes is just like MFF/FTMO or any of the classic 2 phase. It is 8%/5% targets so better than FTMO in that regard. They scale at 10% regardless of time, where the classics were 3-4 months tp scale. Spread on majors is 0 all day and razor thin on crosses as well. Only disadvanatage, which I have recently posted is turning out to be a good thing, is only 100K initiial max funding. If you missed that post, I was stating it appears the firms who have survived a long time are not offering ridiculous 600K + INITIAL funding and the ones...
Thanks for the take on that pm77. It's much appreciated.
Their spreads are pretty good that's for sure. Low commission, too. I didn't like the highstakes when it came out but now see that it is way better than bootcamp and the expensive low funding instant thing that used to be their bread and butter.
Cheers...
  • #27,852
  • Jan 6, 2024 10:55pm Jan 6, 2024 10:55pm
Quoting deroty
{quote} Thank you elenmiliman. I have 3 family members. Whether in FTMO or the5ers or other prop firms - can we use the same strategy as a family? We live together but have different houses too. I will use seperate VPS for each of us (different IP's) to trade and login to prop firm site. Is it possible?
I don't think so. They scan trades to see if they are the same strategy. So you have to take into account the opening, and closing prices as well as stop loss and time of executions.
Survival intelligence is more important than entry intelligence
AAMS Trinity Engine Return This Month: 0.2%
  • #27,853
  • Jan 6, 2024 11:07pm Jan 6, 2024 11:07pm
Quoting Nehemah
https://www.youtube.com/watch?v=X7o7gbXAsAw
A YouTube kid reads ACG's website to other kids and of course, has an affiliate code for ACG in his link.

Better off getting real-world info from actual users on Forex Factory.
Pride always comes before destruction.... -Proverbs 16:18
  • #27,854
  • Jan 6, 2024 11:45pm Jan 6, 2024 11:45pm
hey guys? what do you guys think about CTI? won't be problems with payouts?
  • #27,855
  • Jan 7, 2024 3:04am Jan 7, 2024 3:04am
Quoting deroty
{quote} Thank you elenmiliman. I have 3 family members. Whether in FTMO or the5ers or other prop firms - can we use the same strategy as a family? We live together but have different houses too. I will use seperate VPS for each of us (different IP's) to trade and login to prop firm site. Is it possible?
Doable, just need a latency.
  • #27,856
  • Jan 7, 2024 3:10am Jan 7, 2024 3:10am
Quoting Capablanca
{quote} The Funded trader is owned by Angelo, a very shady guy and US based, Top Tier is owned by cue bank artist and was the only one that refused me a funded account and never explained me which rule they thing I violated (despite my multiple emails asking for it), Funded Next has terrible rules about IP and very known for finding a lot of reasons for not paying. My Flash is owned by the same guy than Blue Guardian. If you will be happy by Blue you may probably use Flash (maybe it was just bad luck). Good luck anyway. I'm saying all this but I...
Hi Capablanca, what spreads you getting through BlackBull? Any slippage and transactions crisp. I only ask, as I had an account couple years ago with them and wouldn’t consider them for anything less than swing/position trading.
  • #27,857
  • Jan 7, 2024 4:09am Jan 7, 2024 4:09am
Quoting DwnUndrTrdr
{quote} Hi Capablanca, what spreads you getting through BlackBull? Any slippage and transactions crisp. I only ask, as I had an account couple years ago with them and wouldn’t consider them for anything less than swing/position trading.
Sometime ago i wanted to open an account with them( Black Bull)but when i saw their spread and commission and slippage and ran for my life
another thing to add is that they were looking very shady to me even before i tried signing up.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #27,858
  • Jan 7, 2024 4:11am Jan 7, 2024 4:11am
Quoting pipmaster77
{quote} ...providing 15-20X your investment as max loss...
No. Once you're funded then yes it'd be true, but first you have to flip the account twice. And your daily DD is actually your account size, not the max DD. You can think about it as two 5k accounts and if you blow the first one you get a second chance. So a €540 investment in a 100k FTMO account would get you 270*4*2=€2160 on your own account. Depending on the fx rate, say 1.10 EUR/USD it's a $2376. And compare that to the $4000 FTMO account (considering the 80/20 split). Still OK.
One can argue that you'd have the whole max DD (10k) but it's misleading because you can't lose that much at once and can't carry it over the next day: if you have an open position in dd before rollover you won't get another 5k dd after it.
All in all you get a 1.68x of your investment. Cheaper brokers might work out better but the risks increase with that. For example, 5ers work out to 2.25x.

HOWEVER. With props you still get an incredible amount of leverage that one might not be able to get otherwise.
For example in my jurisdiction (USSE) 1:30 is all I can get. And I can't use offshore brokers (in my country even the US is considered offshore because it's outside the USSE ffs) because than my tax rate would go from ~25% to 40+. AND one can't offset losses against gains much like in Germany. So my friendly government, in the name of protecting me, basically ensures that prop account go from an OK proposition to an unparalleled one.

BTW I use leverage the same way as you. That is, not increasing position size but decreasing margin requirement.
  • #27,859
  • Jan 7, 2024 7:29am Jan 7, 2024 7:29am
Quoting Expo33
{quote} A YouTube kid reads ACG's website to other kids and of course, has an affiliate code for ACG in his link.

I would want to STAY AWAY FROM ALPHA CAPITAL: they do exactly the same thing that MFF did: they own the "broker" who is the counterparty while pretending that "we win when you win."

As FXCM discovered long ago, and as MFF is discovering now, there’s a word for that and the word is "fraud."
  • #27,860
  • Jan 7, 2024 10:00am Jan 7, 2024 10:00am
Quoting KarlKraus
{quote} I would want to STAY AWAY FROM ALPHA CAPITAL: they do exactly the same thing that MFF did: they own the "broker" who is the counterparty while pretending that "we win when you win." As FXCM discovered long ago, and as MFF is discovering now, there’s a word for that and the word is "fraud."
Oh look, the guy who farts in elevators.
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