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  • #30,841
  • Feb 17, 2024 5:34am Feb 17, 2024 5:34am
Quoting Quickly
{quote} 50% discount at the moment, the voucher-code is FEB50. $50k account is currently $82.50 - not so terrible?
Is that a tradeday discount?
  • #30,842
  • Feb 17, 2024 5:43am Feb 17, 2024 5:43am
Quoting Quickly
{quote} 50% discount at the moment, the voucher-code is FEB50. $50k account is currently $82.50 - not so terrible?
that is for Alpha Capital ?
  • #30,843
  • Feb 17, 2024 5:47am Feb 17, 2024 5:47am
Quoting CableJ
{quote} Is that a tradeday discount?
Yes.

Quoting Stoneyrocks
{quote} that is for Alpha Capital ?
Lol, no, Alpha are scammers who own their own brokerage while claiming they win when you win, just like MFF (and of course - in a different context - exactly what got FXCM kicked out of the US, quite rightly, years ago, when it turned out they owned their own “liquidity provider”).
  • #30,844
  • Feb 17, 2024 5:54am Feb 17, 2024 5:54am
This will be nice to follow because we know what happens when a CEO brags that their company has no problem.

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It's also nice to see all the comments praising how good he was in preparing the company.
  • #30,845
  • Feb 17, 2024 6:26am Feb 17, 2024 6:26am
Quoting Tim_isoara
{quote} I know that you, very very old man, make complain about all prop firm. And...just MFF have problem after your complain. Again you was more than 90% wrong. I know that you are hater, because you can't trade...so you hate prop firm industry and traders. Why you don't learn to trade? After you will be happy. Lux trading firm,a very good prop firm, can teach you to trade. Good luck.
yes I am responsible for all bad in the world. Poverty and famine I caused it. Disease and heart break. Eve ate the apple because I gave it to her.
  • #30,846
  • Feb 17, 2024 6:32am Feb 17, 2024 6:32am
Quoting Takisd
{quote} yes I am responsible for all bad in the world. Poverty and famine I caused it. Disease and heart break. Eve ate the apple because I gave it to her.
He’s also the single cause of global warming, but that’s just because of all the hot air continually emanating from him.
  • #30,847
  • Feb 17, 2024 6:34am Feb 17, 2024 6:34am
Quoting SirMcPip
{quote} I have to make one little correction to my post. He posted this on the website anwalt.de, which is a reputable legal portal in Germany, non-governmental though. When searching for his credentials, among other things i checked out his own website as well of course mixed up the 2 websites in the process. In any case, it would be pretty reasonable to state that an attorney of his reputation would not post any bogus claims...in comparison to the deep well of prop firm bucket shops out there. On top of that, he is an attorney specialized in investment...
You read before? He speak about 3 prop firm....He speak about 1 client...No evidence.
He have a warnliste ...and TFF or FTMO is not in his warnliste...
  • #30,848
  • Feb 17, 2024 7:02am Feb 17, 2024 7:02am
Quoting procrude
Futures Prop Trading companies SUCK A$$, They all use Trailing Drawdown
This is just wrong.

It isn’t true.

OMG, this forum is packed with statements which people post as if they’re facts, and such a high proportion of them are just untrue.

Does nobody here ever distinguish between fact and opinion?!
  • #30,849
  • Feb 17, 2024 7:03am Feb 17, 2024 7:03am
5ers
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  • #30,850
  • Feb 17, 2024 7:25am Feb 17, 2024 7:25am
Quoting Quickly
{quote} He’s also the single cause of global warming, but that’s just because of all the hot air continually emanating from him.
that’s the beans
  • #30,851
  • Feb 17, 2024 7:37am Feb 17, 2024 7:37am
Quoting Quickly
{quote} This is just wrong. It isn’t true. OMG, this forum is packed with statements which people post as if they’re facts, and such a high proportion of them are just untrue. Does nobody here ever distinguish between fact and opinion?!
you should post examples of your facts so that people can see them for themselves.

You don’t ask questions you make statements. Typed text. So far Andy has contributed more to this thread than you simply by posting videos and screenshots.we don’t all agree with him but he is a healthy addition to discourse.

screaming “omg why aren’t you listening to me like I am second coming of Jesus” generally isn’t a healthy addition to discourse.

funnily enough you take the personality trait you see in me and I am somewhat guilty of, attack me with it. Without realizing you are just a version of me without the ability to self acknowledge. Only a trained specialist can help you.
  • #30,852
  • Edited 8:50am Feb 17, 2024 7:53am | Edited 8:50am
Quoting Quickly
{quote} This is just wrong. It isn’t true. OMG, this forum is packed with statements which people post as if they’re facts, and such a high proportion of them are just untrue. Does nobody here ever distinguish between fact and opinion?!
Trailing drawdown always sucks because you can't build an additional DD buffer from winning streaks. You can work around it with risk management, but it's a calculated trap by futures funding companies to increase % of blown accounts. It has a similar effect on the futures casino bottom line as the daily loss limit (#1 failure rule) on the FX virtual casino side.
  • #30,853
  • Feb 17, 2024 8:35am Feb 17, 2024 8:35am
Quoting Tim_isoara
{quote} No. For me it's a very good news. Now 5ers will not have problem with MT5. Now Takisd can send a letter to CFTC to complain about 5ers. And US traders can change the residence.
Most people can't just simply change residence.
  • #30,854
  • Feb 17, 2024 8:35am Feb 17, 2024 8:35am
To make an easy example why trailing DD is worse and how much. You go enter a trade with 10 points SL and 10 points TP so a 1:1 RR Trade. Normally you would say on random markets or movements there is a either a 50:50 chance you will make a profit or hit SL here. But NOT on Trailing Drawdown. Because it behave like a trailing SL here. You could be 9.9 points in profit then go back to -19.9 points to almost to your SL level, before it will hit your TP in the end. So the risk is DOUBLE with trailing you can see on a 1:1 RR trade. It can move more than those 10 points initial risk against you when trailing, here up to 19.9 points possible as max. trailing DD.
  • #30,855
  • Feb 17, 2024 8:38am Feb 17, 2024 8:38am
Quoting AaronPriest
{quote} Most people can't just simply change residence.
I am not sure, but on most or lot of props you can enter as business entity. So you only need to form a Dubai or UAE company and then you can participate on all prop challenges, even you are US resident I am assuming. But not sure, it would be a workaround. But it can be worth to consider it more seriously if your income from props is over $50k per year or so. Because with trailing DD on Apex your chances to make similar payouts are much less because of the trailing DD on Futures props.
  • #30,856
  • Feb 17, 2024 8:43am Feb 17, 2024 8:43am
Also impossible to scale-in on a trailing Drawdown, because if you scale-in on a winning trade you are risking more of your profits (only), but this is not the case with a trailing DD, as it can go against you, all those profits come down will count towards the trailing DD. That is pretty bad. Your chances are much lower to win here.
  • #30,857
  • Feb 17, 2024 8:43am Feb 17, 2024 8:43am
This "Prop Firm Hub" is getting very interesting... I love this forum
Drawdown is more important than Account Size !
  • #30,858
  • Feb 17, 2024 8:49am Feb 17, 2024 8:49am
See here, BG, FTMO, TFF, FTUK and other acceptable ones do accept business entity sign-up according to this link. Here you could enter as US resident too if you have a company outside US jurisdiction. You need to dig in more as I am not sure here. But there should be options still I think. Then it is not over to do FX props as American.

https://forexpropreviews.com/proprie...ntity-sign-up/
  • #30,859
  • Feb 17, 2024 8:55am Feb 17, 2024 8:55am
Here is a good read:

https://financefeeds.com/traddoo-ceo...will-play-out/
Drawdown is more important than Account Size !
  • #30,860
  • Feb 17, 2024 9:03am Feb 17, 2024 9:03am
Quoting AaronPriest
{quote} Not for US citizens it isn't.
Was within 1% of second scale in 2 months (this takes minimum 6 months with others). Last payment request was 7 pm Wednesday, 100% complete in my bank by 9 am Thursday.
They had become my #1 choice (by a landslide)
I recommend anyone that can still join them to ditch all of the payment denying, trader banning bullshit and join the OGs.
I will repeat again what I suggested almost 3 years ago...................stay away from all the new white label, pop up, run by 20 year old CEO firms. The complaints these firms will generate will bring UNWANTED attention to this space.
Can anyone actually disagree with the FACT that the mess we are in with MQ, CFTC, US clients, tech providers, etc, etc, etc is 99% due to all of these new companies which I warned about years ago?
Or are we going to still blame MFF which didn't do any of the bullshit these firms are pulling today?

As far as the futures props bullshit, find me an offer where I get 20x my fee in max loss as STATIC DD, where I only need to flip the DD one time.......I will buy the max amount of accounts they allow. Of course, I will accept a 2 stage with 50% flip in stage 2 as well. In other words, give me apples to apples.
If not, someone explain why they will not offer that. Hint: I already know the answer.
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