Prop Firm Hub | Page 1500 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 31 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

  • #29,981
  • Feb 10, 2024 2:54pm Feb 10, 2024 2:54pm
I hope they don't force non us to migrate but better to be ready. Where/how can we test this dx platform ?
  • #29,982
  • Feb 10, 2024 3:02pm Feb 10, 2024 3:02pm
Quoting Capablanca
{quote} So you had an open position overnight ?
nope.... btw i just checked my dashboard... account is active again before it was displaying breached.....
Extreme gut feeling trader
  • #29,983
  • Feb 10, 2024 3:05pm Feb 10, 2024 3:05pm
Quoting montygoldy
{quote} nope.... btw i just checked my dashboard... account is active again before it was displaying breached.....
Good news !!! Now I'm confident that you will receive it. Maybe Sean is reading this board.
  • #29,984
  • Feb 10, 2024 3:06pm Feb 10, 2024 3:06pm
Updated from Funded Engineer (by email):


In a previous email, we mentioned that MT5 services for USA citizens and residents will soon be discounted, and we would like to clarify on that a little bit more:

ALL EXISTING USA clients will still receive the accounts they have paid for.

We will migrate you to the new backend and issue your account on Mt4 or mt5, whatever you previously had.

FUTURE USA Clients will no longer be able to purchase until a solution is found.

We are exploring a solution that could be available in the next 4 weeks.

Everyone else from other countries (excluding the banned countries) will still be able to purchase accounts with MT4 and MT5

New Update - Migration has started!

The migration of accounts has started and will continue throughout the weekend.

We are currently crunching the numbers to determine compensation. A comprehensive update on this matter will be announced tomorrow.

Anyone with a pending payout will receive the full payout, and those with upcoming payouts will still be honored on the scheduled day.

We remain on track to launch between Tuesday and Wednesday.
I would like to inform you that if your account is in drawdown, both phase 1, and phase 2, it will be reset to the initial account balance once we are back this coming week.
If your trading account is in profit, it will carry over to the new dashboard and will be retained. If anyone feels uncomfortable with the situation and prefers a refund, we can issue one to you.

When choosing a refund, the account will be breached. If you decide to purchase again in the future, it will revert to the initial balance.
Here's what to do if you prefer a refund: please send the following to [b][email protected][/b] or reply to this email with:
Full Name
Email Address:
Account number :
Order ID of the account number :
Crypto Address If you paid via Crypto (USDT-TRC20 or USDT-ERC20 Only)
The refund process on our end will be 24-72 hour business days and may take up to 3–10 days before it will reflect your bank.

If you paid via crypto, we will refund you via crypto as well, which will take about 24-72 business hours

Thank you, everyone, for your ongoing patience.
  • #29,985
  • Feb 10, 2024 3:15pm Feb 10, 2024 3:15pm
Quoting Capablanca
Updated from Funded Engineer (by email): In a previous email, we mentioned that MT5 services for USA citizens and residents will soon be discounted, and we would like to clarify on that a little bit more: ALL EXISTING USA clients will still receive the accounts they have paid for. We will migrate you to the new backend and issue your account on Mt4 or mt5, whatever you previously had. FUTURE USA Clients will no longer be able to purchase until a solution is found. We are exploring a solution that could be available in the next 4 weeks. Everyone...
Seem like promising update
I have $300k funded
And $300k phase 2
  • #29,986
  • Feb 10, 2024 3:30pm Feb 10, 2024 3:30pm
Quoting Capablanca
Updated from Funded Engineer (by email): In a previous email, we mentioned that MT5 services for USA citizens and residents will soon be discounted, and we would like to clarify on that a little bit more: ALL EXISTING USA clients will still receive the accounts they have paid for. We will migrate you to the new backend and issue your account on Mt4 or mt5, whatever you previously had. FUTURE USA Clients will no longer be able to purchase until a solution is found. We are exploring a solution that could be available in the next 4 weeks. Everyone...
So, I read this as, you can still purchase with any firm that still accepts US clienst on MT5 and be grandfathered in once MT5 discontinues onboarding new US clients. FTMO set the precedent?
  • #29,987
  • Edited 4:27pm Feb 10, 2024 4:12pm | Edited 4:27pm
Quoting pipmaster77
{quote} So, I read this as, you can still purchase with any firm that still accepts US clienst on MT5 and be grandfathered in once MT5 discontinues onboarding new US clients. FTMO set the precedent?
Thats how I read it too. Just wondering about a “new credentials” offering when an existing U.S. trader with FE goes from phase 1 -> phase 2, OR funded -> new funded after payout.

guess we’ll soon find out

EDIT - mod in discord says, “yes”.
A snails pace wins the race :-)
  • #29,988
  • Feb 10, 2024 4:30pm Feb 10, 2024 4:30pm
Quoting genuine007
there is a guy in this thread named "tRandy" i followed his posts when he joined here and wrote caption like "2 million funded trader" something like this he was also going very fast, at that time i was also passing tiny challenge accounts and got some tiny payouts, i stay breakeven with this prop firm challenge accounts i was searching for some stable strategy, i asked "trandy", "navk" for the strategy if they can give me their million dollar strategy because they were doing good "trandy" did not give me strategy i think noone will give.. but he...
Sorry for saying this but you don't understand trading. You can google forex strategy resources and you got at least 1000 strategies there. As retail trader your advantage is you can buy and sell with click, you don't need to think is there enough liquidity etc. because your position size is small. You need to know that basically there is no winning strategy out there at retail level unless you got real deep pocket according to your trading size. It's because market structure changes all the time. The only solution exist for you is built strategy around your personality because you will not survive if anyone will give u one. Look at forex factory threads. There been countless strategies talked but very rarely followers of someones threads earn money. After few posts it's always the same. Someone posts strategy and others start to improve it and it goes in circles till topic die. So imagine someone give you strategy and it will go into drawdown. Will you be able to adjust to new conditions?? Will you be able to consistently execute trades and follow strategy when you will think personally that market will do exactly opposite that strategy tells?? Anyone here who posted any positive results in trading even if it's just one prop payment or whatever never asked for strategy. Think about it. It's tip for you. If you see people on this thread who are profitable and they not ask about market it doesn't mean they got holy grail someone gave them it's mean they know that you don't need any extra knowledge to earn money you see everything you need on clean chart everything else is just visual help. The key is survive enough in front of charts to find your way of trading and don't go bankrupt till it happen.
  • #29,989
  • Feb 10, 2024 4:47pm Feb 10, 2024 4:47pm
Quoting montygoldy
{quote} nope.... btw i just checked my dashboard... account is active again before it was displaying breached.....
Don't worry there is plenty of people here who know how to do shout on telegram/discord groups. We will support you if necessary. Anyway you need to slow down a bit in current prop firms situation the worse you can do is try withdraw ASAP as much you can like you said. It's better you split profit around 10 firms and take 1/10 from each of them.
  • #29,990
  • Feb 10, 2024 6:49pm Feb 10, 2024 6:49pm
Quoting montygoldy
{quote} nope.... btw i just checked my dashboard... account is active again before it was displaying breached.....
It happened to me two times with myflashfunding.

The email message was sent as if account dd has been breached.

In real, the dd is not breached.

I toll up the matter with support and it was escalated, and challenge was reset.

But never had funded account with them.

Two times I had breached in phase 2
Intraday only.
  • #29,991
  • Feb 10, 2024 6:56pm Feb 10, 2024 6:56pm
Quoting navk
{quote} It happened to me two times with myflashfunding. The email message was sent as if account dd has been breached. In real, the dd is not breached. I toll up the matter with support and it was escalated, and challenge was reset. But never had funded account with them. Two times I had breached in phase 2
lets see how it goes…
Extreme gut feeling trader
  • #29,992
  • Feb 10, 2024 6:59pm Feb 10, 2024 6:59pm
Quoting montygoldy
{quote} lets see how it goes…
The support service and operation manager are too good.
Intraday only.
  • #29,993
  • Feb 10, 2024 8:04pm Feb 10, 2024 8:04pm
Quoting VeliVeliGood
{quote} 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...
thats the logic good point… the system took it that after withdrawal it picked the remaining balance from the high of day … thanks… lets see waiting for their response btw account shows active now in dashboard before it showed breached
Extreme gut feeling trader
  • #29,994
  • Feb 10, 2024 8:10pm Feb 10, 2024 8:10pm
Quoting montygoldy
{quote} thats the logic good point… the system took it that after withdrawal it picked the remaining balance from the high of day … thanks… lets see waiting for their response btw account shows active now in dashboard before it showed breached
They say that Think markets senses " DD breach " when the actual DD is close to breach.

I got DD breach email when real DD was close to 3.7 %.

The operation manage said he will contact Think markets and get real time information.

But finally said, they never got reply from Think markets and the Operation manager himself reset my account to 100k.

Just keep in mind the process.

Once the dashboard says DD is not breached, it is all good for you.

Monday, You should get your payout.
Intraday only.
  • #29,995
  • Feb 10, 2024 9:33pm Feb 10, 2024 9:33pm
Quoting Capablanca
I hope they don't force non us to migrate but better to be ready. Where/how can we test this dx platform ?
Hello Capablanca;

I trust you're well this morning.

Please receive the URL I used to take a glance at their website & UI as follows: DXtrade CFD - platform for brokers offering FX/CFDs, spread bets

Under the Trading Platform Tab on their landing page upon Selecting DX Trade FX,CFD & Spread Bets the system prompts for basic User Credentials.

Just a Heads-Up, The business field is mandatory so using a generic name eg. Capablanca Trading will do the trick & generate login details & redirect to a Login Screen & then onto the DX Trade Platform.

It is clear that they have taken great efforts to emulate TradingView very similar to how the countless slew of new props created Copycat Versions of the FTMO site so far as look & feel. Some of the new props actually use chunks of FTMO website wording.

Anecdotally speaking, it's somewhat a pity for FTMO they didn't apply patent to their Call-to-Action language on their website. If they could pursue recourse against the "clones" it would result in many of them having to change their website wording, domain deregistered or face whichever other action is deemed suitable by the relevant arbitrator.

All the same, I digress, & therefore wish you well with getting a feel for the DX Trade platform.

Wishing you & everyone on the thread a pleasant morning/day ahead and May The Markets Go With You.
Des
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #29,996
  • Feb 10, 2024 9:52pm Feb 10, 2024 9:52pm
[quote=Capablanca;14751031]Updated from Funded Engineer (by email): In a previous email, we mentioned that MT5 services for USA citizens and residents will soon be discounted, and we would like to clarify on that a little bit more:

Hello again Capablanca;

My observation may come across as pedantic to outside observers but these companies really should get themselves in order with how they address their Clients/Customers.

The comment is not aimed specifically at this company but in general. Case in point, they're circulating a generic mailer outlining what is a considerably weighted issue to Traders who are not unreasonably distraught and anxious as to what will be the outcome with them accessing the service. This directly impacts their financial situation & livelihoods.

The least they could do before sending out the correspondence is ensure proper proof reading is done to overcome errors such as in their opening sentence. Almost everyone will read it in context as discontinued as opposed to them detailing "discounted" but that doesn't justify them circulating information such as that to their customers i.e. The Cornerstone of their Business.

As advised, it's not specific to this company since many of these websites are fraught with such errors and conveys an innuendo of sloppiness and poor attention to detail. Often times, even their fine print on Terms & Conditions of Service is exceptionally poorly written which those who pay attention to those documents will gladly attest to as confirmation of my statement.

Thank You for keeping us appraised all the same, it is much appreciated.

Des
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #29,997
  • Feb 10, 2024 11:09pm Feb 10, 2024 11:09pm
so two people here already faced some fake breached issue with myflashfunding
so its better to not go with them in order to escape from unnecessary drama

but why this breach issue comes, is there anyway if someone go with them and not want to see this thing in their accounts??
what is that thing that cause this fake breach issue with myflashfunding, whats the loop hole?
  • #29,998
  • Feb 10, 2024 11:59pm Feb 10, 2024 11:59pm
Quoting genuine007
so two people here already faced some fake breached issue with myflashfunding so its better to not go with them in order to escape from unnecessary drama but why this breach issue comes, is there anyway if someone go with them and not want to see this thing in their accounts?? what is that thing that cause this fake breach issue with myflashfunding, whats the loop hole?
From the above posts Im assuming the system is designed to do a pre-alert at around 2.5% or 3% Im guessing 50% of the actual DD then it goes to their warning system and shuts it down. Maybe they did it this way to compensate for potential lag in their system since they probably got 99.9% gamblers who uses max lot in each trade which would violate DD quickly normally when even crossing the 3% barrier. Thats what you get from as I understand third party prop firms who rents the software.
  • #29,999
  • Feb 11, 2024 1:33am Feb 11, 2024 1:33am
Quoting HengkiTjen
{quote} Seem like promising update I have $300k funded And $300k phase 2
any news on alpha account??
Extreme gut feeling trader
  • #30,000
  • Feb 11, 2024 2:55am Feb 11, 2024 2:55am
Quoting montygoldy
{quote} any news on alpha account??
we will get on Monday I recon
They said 3-5 businesses day
So Monday for us 6 business for them 5 businesses day
32 traders viewing now