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  • #28,761
  • Jan 28, 2024 5:43am Jan 28, 2024 5:43am
Quoting procrude
{quote} I just bought one myself. I think today is the last day of this promo. I took the $100k, it came out to $298 after discount applied. Well worth it !
Purchased evaluation myself. No little of the outfit but the price is an offering that can be recouped relatively quickly
  • #28,762
  • Jan 28, 2024 7:07am Jan 28, 2024 7:07am
Quoting procrude
{quote} I just bought one myself. I think today is the last day of this promo. I took the $100k, it came out to $298 after discount applied. Well worth it !
I bought a 200k for $598..did you get instant MT5 credentials?
  • #28,763
  • Jan 28, 2024 7:11am Jan 28, 2024 7:11am
Quoting Premistis
{quote} Isn't it shady a prop firm is doing so big discounts? I woudn't trust them tbh
My view is that most/all of them are "shady". As @pipmaster77 said previously, the optimal way is to have lots of 100k accounts (say 15) and ride the wave of regular but small payouts until the firms blows up or denies you further payouts.

Im funded with 4 firms and looking to get funding from 6 more and ride the way until it all comes crashing down.
  • #28,764
  • Jan 28, 2024 8:02am Jan 28, 2024 8:02am
Quoting Zuke
{quote} I bought a 200k for $598..did you get instant MT5 credentials?
Yes the email with credentials came in less than 3 minutes.
Drawdown is more important than Account Size !
  • #28,765
  • Jan 28, 2024 8:05am Jan 28, 2024 8:05am
Quoting Premistis
{quote} Isn't it shady a prop firm is doing so big discounts? I woudn't trust them tbh
LOL, they are all shady.
Drawdown is more important than Account Size !
  • #28,766
  • Jan 28, 2024 8:47am Jan 28, 2024 8:47am
Quoting procrude
{quote} Yes the email with credentials came in less than 3 minutes.
I got a “login credentials” email instantly which gives the Alpha account login but not one containing MT5 login details…Hmm
  • #28,767
  • Jan 28, 2024 10:47am Jan 28, 2024 10:47am
Quoting Zuke
{quote} I bought a 200k for $598..did you get instant MT5 credentials?
My credentials received after about a month.
Their communication is not the best, they respond to emails after few days. It was very disappointing.
Then I had to wait another week to receive the download link for their MT5
  • #28,768
  • Jan 28, 2024 11:04am Jan 28, 2024 11:04am
Quoting Zuke
{quote} My view is that most/all of them are "shady". As @pipmaster77 said previously, the optimal way is to have lots of 100k accounts (say 15) and ride the wave of regular but small payouts until the firms blows up or denies you further payouts. Im funded with 4 firms and looking to get funding from 6 more and ride the way until it all comes crashing down.
This is also my plan
A snails pace wins the race :-)
  • #28,769
  • Jan 28, 2024 11:31am Jan 28, 2024 11:31am
Need some assistance from anyone who has been paid by multiple new firms. I currently only use the 5%ers, FTMO and TFF. Of course had MFF and still have TFT, I simply do not wish to use TFT any longer......kind of over TFF as well with the 2 day reset after payment.
I am only looking for firms which reset immediately after payout request. I'll wait 2-3 days for payout if need be, the 2 days down time is way more impactful to me. So with all of these firms offering these discounts, I'd like to grab some, but UNDER MY CRITERIA....otherwise I'll just stick with the ones I have.
  • #28,770
  • Jan 28, 2024 12:45pm Jan 28, 2024 12:45pm
Quoting pipmaster77
Need some assistance from anyone who has been paid by multiple new firms. I currently only use the 5%ers, FTMO and TFF. Of course had MFF and still have TFT, I simply do not wish to use TFT any longer......kind of over TFF as well with the 2 day reset after payment. I am only looking for firms which reset immediately after payout request. I'll wait 2-3 days for payout if need be, the 2 days down time is way more impactful to me. So with all of these firms offering these discounts, I'd like to grab some, but UNDER MY CRITERIA....otherwise I'll just...
Funded engineer and probably blue guardian, or fish and chips funded if you want discount version of blue guardian its same owner infrastructure etc.
  • #28,771
  • Jan 28, 2024 1:53pm Jan 28, 2024 1:53pm
Quoting Takisd
{quote} Funded engineer and probably blue guardian, or fish and chips funded if you want discount version of blue guardian its same owner infrastructure etc.
Blue Guardian doesn't reset immediately and can take up to 48 hours to pay.
MFFx is not immediate reset but people here say that they pay quickly (my last payout was long time and was same day, just a couple of hours).
Alpha doesn't reset immediately and was paying in a couple of hours but my last two payouts took 1 day and 1.5 days. They seem to be deteriorating the payout time.
  • #28,772
  • Jan 28, 2024 1:59pm Jan 28, 2024 1:59pm
Quoting CableJ
Has anyone here received multiple payouts from funded next?
I did (and also the bonus from phase 1 and 2) but it was long time ago, with some glitches in the process, horrible assistance and interview.
Here:
https://www.forexfactory.com/thread/...7#post14660217
  • #28,773
  • Jan 28, 2024 3:00pm Jan 28, 2024 3:00pm
Quoting Lrg
{quote} My credentials received after about a month. Their communication is not the best, they respond to emails after few days. It was very disappointing. Then I had to wait another week to receive the download link for their MT5
Sheesh that's appalling
  • #28,774
  • Jan 28, 2024 6:00pm Jan 28, 2024 6:00pm
Rise realese my payment after holding
Almost 2 weeks time
What you think guys we still can trust Rise ?
  • #28,775
  • Edited 9:07pm Jan 28, 2024 8:36pm | Edited 9:07pm
Quoting pipmaster77
Need some assistance from anyone who has been paid by multiple new firms. I currently only use the 5%ers, FTMO and TFF. Of course had MFF and still have TFT, I simply do not wish to use TFT any longer......kind of over TFF as well with the 2 day reset after payment. I am only looking for firms which reset immediately after payout request. I'll wait 2-3 days for payout if need be, the 2 days down time is way more impactful to me. So with all of these firms offering these discounts, I'd like to grab some, but UNDER MY CRITERIA....otherwise I'll just...
MyFlashfunding - Credetials wise and getting the funded account was within a hour or so..... For payout my date is 9th feb lets see how it goes .... but they are cheap...25% usual offers + check dicord or propfirmmatchdotcom you will get extra 5% stackabale discount... Be Prepared to see slippage and try to avoid trades over weekend coz spreads are between min. 20 pips....Other than that all good
SkilledFundedTrader - also decent if you get a great discount they sometime in between throw 25%-30% off for a day or so....
Also they both have 6%-6% targets...
Extreme gut feeling trader
  • #28,776
  • Jan 28, 2024 8:38pm Jan 28, 2024 8:38pm
Quoting HengkiTjen
Rise realese my payment after holding Almost 2 weeks time What you think guys we still can trust Rise ?
thats nonsense why holding for 2 weeks....
Extreme gut feeling trader
  • #28,777
  • Jan 28, 2024 8:40pm Jan 28, 2024 8:40pm
Quoting Premistis
{quote} Isn't it shady a prop firm is doing so big discounts? I woudn't trust them tbh
I heard in their discord the reason they can offer sometimes huge discounts coz they have their own technology to run the firm. So they save alot on expenses and can offer these mouth watering discounts
Extreme gut feeling trader
  • #28,778
  • Edited 11:58pm Jan 28, 2024 11:25pm | Edited 11:58pm
Quoting HengkiTjen
Rise realese my payment after holding Almost 2 weeks time What you think guys we still can trust Rise ?
Total B.S. That's why I was asking is there any other firm that deposits straight to a Bank Account instead of using Rise. I just set up my Rise account last week it seemed pretty easy but I guess I will see just how it goes later this week when I try to collect my first payment through them.
  • #28,779
  • Jan 28, 2024 11:58pm Jan 28, 2024 11:58pm
Quoting woody70
{quote} Total B.S. That's why I was asking is there any other firm that deposits straight to a Bank Account instead of using Rise. I just set up my Rise account last week it seemed pretty easy but I guess I will see just how it goes later this week when I try to collect my first payment.
IMO Prop shop get referral
through wise they get nothing
  • #28,780
  • Jan 29, 2024 12:14am Jan 29, 2024 12:14am
Quoting Premistis
Isn't it shady a prop firm is doing so big discounts? I woudn't trust them tbh
-I never really understood the total distaste that some members seem to have regarding discounts. I always saw discounts as another form of advertising.

Obviously, any business that allocates too much capital for ad revenue can eventually fail, depending on how the numbers work out. But I think that we have some better idea, the kind of profit margins that these firms are working with, so even a 50%+ discount should not be unreasonable, so long as it is not sustained for long periods.

If we understand (and accept) how the remote prop model really works, then it only makes sense that we should advocate for these firms to advertise in an effort to sell more challenges. Discounted challenges can attract new customers as well as sell more challenges.

It's little different from a company selling a product... they can choose to sell that product for a premium, or, heavily-discount it to maximize conversion rates. Sometimes, making a profit of $1 per-unit-sold is actually more profitable than making a profit of $10 per unit; it all depends on the numbers. Since these firms are essentially offering a product that carries no cost for them, they have a lot of wiggle room in this regard.
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