Prop Firm Hub | Page 1499 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 33 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #29,961
  • Feb 10, 2024 8:07am Feb 10, 2024 8:07am
Quoting procrude
TFT just sent an email that they will migrate to dxtrade for us clients also.
Did they say there is no MT5 for non-us clients too ? Which broker do they use then ? Did they say in-house broker ?
  • #29,962
  • Feb 10, 2024 9:16am Feb 10, 2024 9:16am
Quoting TrAndy1
{quote} Did they say there is no MT5 for non-us clients too ? Which broker do they use then ? Did they say in-house broker ?
they opened voyage markets. Which is dodgy as hell and a whole bunch of people hurried themselves to report it to the authorities as it says it will accept US.

All the people who have been wronged are brigading metaquotes now about who scammed who. It will be interesting to see how metaquotes reacts.

More news at 11.
  • #29,963
  • Feb 10, 2024 9:50am Feb 10, 2024 9:50am
Quoting t0bias
{quote} Do they calculate the daily loss of $8000 (4%) based of the 200k starting capital or based on the daily equity?
4% of starting equity of the day
Extreme gut feeling trader
  • #29,964
  • Feb 10, 2024 9:58am Feb 10, 2024 9:58am
Quoting TrAndy1
{quote} Did they say there is no MT5 for non-us clients too ? Which broker do they use then ? Did they say in-house broker ?
Did they say when it's happening?
  • #29,965
  • Feb 10, 2024 10:04am Feb 10, 2024 10:04am
Quoting procrude
{quote} Same email came from Skilled Funded Trader. Looks like its time for me to start looking in to dxtrade ... after using MT4 for over 14 years
sucks, but yeah…
A snails pace wins the race :-)
  • #29,966
  • Feb 10, 2024 10:05am Feb 10, 2024 10:05am
Quoting Takisd
It’s awful I have been playing with it. It’s so awful
if talking about DXTrade, I agree.
A snails pace wins the race :-)
  • #29,967
  • Feb 10, 2024 10:28am Feb 10, 2024 10:28am
Quoting procrude
{quote} Same email came from Skilled Funded Trader. Looks like its time for me to start looking in to dxtrade ... after using MT4 for over 14 years
and you can thank the good 'ole CFTC. We can blame Metaquotes, payment processors, brokers, etc............it all stems from the Commodity FUTURES Trade Commission protecting the futures market. Spin it however you wish, nothing more, nothing less.
Now, of course, all of the scammy white label prop firms popping up daily contributed GREATLY to the situation we are in. 2-2 1/2 years ago I was begging folks get your million with MFF and FTMO don't give these new shady firms any business. Several of us were of the same opinion.
Well, here we are.................
  • #29,968
  • Feb 10, 2024 10:43am Feb 10, 2024 10:43am
Quoting pipmaster77
{quote} and you can thank the good 'ole CFTC. We can blame Metaquotes, payment processors, brokers, etc............it all stems from the Commodity FUTURES Trade Commission protecting the futures market. Spin it however you wish, nothing more, nothing less. Now, of course, all of the scammy white label prop firms popping up daily contributed GREATLY to the situation we are in. 2-2 1/2 years ago I was begging folks get your million with MFF and FTMO don't give these new shady firms any business. Several of us were of the same opinion. Well, here we...
MFF?

The firm who've been the most responsible for the situation the industry is in?
  • #29,969
  • Feb 10, 2024 10:46am Feb 10, 2024 10:46am
Quoting PropDude1234
{quote}MFF? The firm who've been the most responsible for the situation the industry is in?
what an awful take. Metaquotes isn’t doing this because of mff, they are doing it because a US court essentially said they can be held liable for damages of any scam using their platform (it’s not entirely concluded yet). If only mff happened Metaquotes would have carried on as is held their hands in the air and said “not our problem” as they have been doing since 2010. For someone from supposedly fx tech you really don’t know your fx tech players or history.
  • #29,970
  • Feb 10, 2024 11:23am Feb 10, 2024 11:23am
Quoting Takisd
It’s awful I have been playing with it. It’s so awful
Hello Takisd;

I trust you're well.

Could you please advise whilst testing the system whether you had a look at the GJ Chart?

I took at a look at the platform a short while ago and glanced over a few of the charts & observed an anomaly on the GJ Pair which indicates a 3 000 PIP Flash Crash on 02.12.23 which reversed on 03.12.23.

I included a screenshot of the chart for your reference if the chart you viewed/will view doesn't have it.

Kindly excuse the inverted Bull & Bear candle colours. The primary thing I do when viewing the chart is remove any/all indicators and invert the Bull/Bear Candles Colours.

Thank You!
Attached Image (click to enlarge)
Click to Enlarge Name: DXChart GJ.png Size: 31 KB
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #29,971
  • Feb 10, 2024 11:31am Feb 10, 2024 11:31am
Is there a way to make money with a stable coin like USDT with a prop firm? I does not move too much and price is more predictable? Any robot that you can provide?
  • #29,972
  • Feb 10, 2024 11:41am Feb 10, 2024 11:41am
Quoting Takisd
{quote} what an awful take. Metaquotes isn’t doing this because of mff, they are doing it because a US court essentially said they can be held liable for damages of any scam using their platform (it’s not entirely concluded yet). If only mff happened Metaquotes would have carried on as is held their hands in the air and said “not our problem” as they have been doing since 2010. For someone from supposedly fx tech you really don’t know your fx tech players or history.
mq is also using the opportunity to drive biz from mt4 to mt5, yes?
  • #29,973
  • Feb 10, 2024 11:49am Feb 10, 2024 11:49am
Quoting Desbinary
{quote} Hello Takisd; I trust you're well. Could you please advise whilst testing the system whether you had a look at the GJ Chart? I took at a look at the platform a short while ago and glanced over a few of the charts & observed an anomaly on the GJ Pair which indicates a 3 000 PIP Flash Crash on 02.12.23 which reversed on 03.12.23. I included a screenshot of the chart for your reference if the chart you viewed/will view doesn't have it. Kindly excuse the inverted Bull & Bear candle colours. The primary thing I do when viewing the chart is remove...
Hi Des,

I am not sure on why this occurred, it could be on purpose from the provider it could be a bad tick from an LP. I do not believe it is real however in the sense that it actually happened in the real market. You need to talk to the provider to find out what happened.

Warmly,
Takisd
  • #29,974
  • Feb 10, 2024 11:50am Feb 10, 2024 11:50am
Quoting doyathink
{quote} mq is also using the opportunity to drive biz from mt4 to mt5, yes?
Probably. That was coming any way, I am aware of a few warnings for that to some smaller companies, not aware of that warning to any larger ones.

I am still puzzled as to what purple did that got them the worst treatment of all the brokers.
  • #29,975
  • Feb 10, 2024 12:04pm Feb 10, 2024 12:04pm
Quoting deroty
Is there a way to make money with a stable coin like USDT with a prop firm? I does not move too much and price is more predictable? Any robot that you can provide?
Hello Deroty;

I trust you're well.

As I advised Trader JustPipMe earlier on when I replied to him, this thread is not related to Crypto but I acknowledge you're asking about Trading USDT on Props. There's limited scope with that so far as I understand since volatility on Tether on the Broker Platform won't be much.

You'll invariably have to over-leverage to capitalize on minute gains & could very likely get whipsawed around violently.

All in not lost though since you're definitely on the right track with the idea of profiting from Stable Coins such as USDT & USDC. The amazing opportunity exist with risk free arbitrage. This is not latency arbitrage that Props detest but based on fluctuations in price between Centralized & Decentralized Exchanges.

As a broad example, when you're fully verified on Binance your price for USDT via your "Card" will be good but from your Wallet; will be the best price.

You may then visit P2P platforms, including Binance's own P2P pltform scanning buyers who don't meet the KYC requirements along with those who wish to pay via 3rd parties. They therefore pay a premium price for both Stablecoins and BTC and others.

On such platforms USDT for example can & is sold for up to a whopping $27 each!

This situation allows you to set a sell order on the decentralized exchange provided you have enough Crypto in your wallet. Once the Buyer accepts your order & remits payment into the Exchanges Escrow you literally have money in the bank. You may then set a BUY limit order at 1.5% below market on the centralized Exchange and you should get a price fill fairly quickly.

Once your order is filled you can conclude the sale as the seller on the DEX & the Buyer will release the Escrow payment soon as they receive their confirmations on the Blockchain.

You may rinse & repeat that transaction as many times as you like & I know a number of colleagues who spend much of their day doing that since it's almost entirely risk-free income & you over time you'll become well known with the "regulars".

I hope this information helps you & feel free to PM if you require any further clarity I could either clarify so as to not clutter this thread with Crypto specific information.

Wishing you & everyone on the thread a pleasant day ahead & May The Markets Go With You.
Des
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #29,976
  • Feb 10, 2024 12:06pm Feb 10, 2024 12:06pm
Quoting PropDude1234
{quote}MFF? The firm who've been the most responsible for the situation the industry is in?
Yes, when 10 firms start popping up daily it brought unwanted attention to the space in general. I will still stand by MFF being the best prop in every category........value, execution, conditions, payouts. It is WHY THEY WERE TARGETED.
There was no drama as we see today with denied payouts, banned traders, etc.............sure, the slippage was there when you traded news, just like the REAL MARKET. They constantly warned DO NOT TRADE THE NEWS.
People take no accountability or reponsibility for their own actions. It is simply today's reality.
All things being equal as far as what the model actual is and you were joining a prop today......would it be Flash Funding, Bespoke, Simple whateverthe fuck, Maven or MFF? Or perhaps Rocket21, surge or blue guardian?
Seriously? I can't believe I would even need to ask this question.
  • #29,977
  • Feb 10, 2024 12:09pm Feb 10, 2024 12:09pm
Quoting Takisd
{quote} Hi Des, I am not sure on why this occurred, it could be on purpose from the provider it could be a bad tick from an LP. I do not believe it is real however in the sense that it actually happened in the real market. You need to talk to the provider to find out what happened. Warmly, Takisd
Hi Takisd;

Thank You for taking the time to reply, I greatly appreciate it.

It is a test login which the system provided but one would expect accurate data since we know there was no such flash crash on GJ. All the same once one of the Props provide access to this platform for us to trade I will look out for the GJ chart with an active Login from the Prop & check if it's on that chart as well.

Thank You once again for your feedback & wishing you a pleasant day ahead.
Des
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #29,978
  • Feb 10, 2024 12:13pm Feb 10, 2024 12:13pm
Quoting Desbinary
{quote} Hello Deroty; I trust you're well. As I advised Trader JustPipMe earlier on when I replied to him, this thread is not related to Crypto but I acknowledge you're asking about Trading USDT on Props. There's limited scope with that so far as I understand since volatility on Tether on the Broker Platform won't be much. You'll invariably have to over-leverage to capitalize on minute gains & could very likely get whipsawed around violently. All in not lost though since you're definitely on the right track with the idea of profiting from Stable...
Thank you Desbinary.
  • #29,979
  • Feb 10, 2024 12:35pm Feb 10, 2024 12:35pm
Quoting montygoldy
{quote} Yep thats why i am fully prepared have all the proofs.. recorded everthing thing , screeshots n everything.... As the prop industry was uncertain thats why i going so fast to cash out as much as possible this year.....
Montygold, Im just a lurker but had to register and reply cause I don`t see that anyone has touched this issue with regards to your case. If they have, please ignore my post.
Seems to me that the "breach" happened just after you pushed the button for a withdrawal of $30.713. My question is therefore, are there any place in the terms that says that if you withdraw more than you can go in DD the account will be in breach?

In your post #29915 you say that Myflashfunding denied you your payout of $30.700, while the pic in that post shows that you have "breached" todays permitted loss with $374.
Your pending withdrawal is $30713, which shows that at the time of withdrawal your balance was $239 436,52. After withdrawal of 30.713 your balance is $208723,52.
Please note that Im in no way familiar with the trading terms at Myflashfunding, but either a) you withdrew more than you could and hence breached the terms (should not be possible anyway, but after following this prop thread anything seems possible...) or b) Its a "simple" error on their behalf where the system deducts the withdrawal amount from the days starting balance to make a "new" daily starting balance which in turns causes the trouble.
Dont know if it makes any sense, but either way I hope you will get your withdrawal, but if I were you I would at least try to explain (or proove) that your balance was at 239k+ at the time of withdrawal.
  • #29,980
  • Feb 10, 2024 12:51pm Feb 10, 2024 12:51pm
Quoting montygoldy
{quote} 4% of starting equity of the day
So you had an open position overnight ?
187 traders viewing now