Prop Firm Hub | Page 1685 | 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

  • #33,681
  • Mar 29, 2024 8:52pm Mar 29, 2024 8:52pm
Quoting doyathink
{quote} How is AxiSelect high risk? There's no challenge fees. You open an account of at least $500 and trade your own money... if you lose 10%, you still have 90% left. You can withdraw it, trade it outside AxiSelect, or start again with AxiSelect as long as it's over $500.
I also think that Axi Select is the least risky and most stable option for now
  • #33,682
  • Edited 10:52pm Mar 29, 2024 10:40pm | Edited 10:52pm
Looks like Apex has approximately 140K active customers at the moment. They have paid out approximately 49M over the last three months. That would require that each customer has averaged a $350 investment into the program during that three-month period. I would bet that the average investment is more like 2 to 7 times that amount, at least.

Additionally, it has been confirmed that the traders that show exceptional skill and are earning 1M/month or similar, that they will move them to a live account, even if they have not yet finished out their 3-month probationary period.

Based on my understanding, when they elect to put you on live, you are given the option to put some (or all) of your profits into a live account. These are profits that Apex would have had to pay you anyway, so the live account is actually being funded by you. It removes risk for the firm going forward, while also allowing traders to continue trading at Apex, should they choose to do that.

I do not personally understand the benefit to trade for Apex on a live account at the point, unless you would lose access to Apex in the future, but that part is not clear to me. Maybe they also fund the account with their own capital. Probably so, since they would likely negotiate a 5% to 10% cut.

I think that this may give us some insight into the potential sustainability of this model.

Inserted Video
  • #33,683
  • Mar 30, 2024 3:13am Mar 30, 2024 3:13am
[quote=Novazor;14813291]ICFunded will have ctrader aparently https://app.icfunded.com/[/quote

Mt4/5 available as well apparently.
  • #33,684
  • Mar 30, 2024 3:48am Mar 30, 2024 3:48am
Quoting Capablanca
{quote} Alpha mentioned something they but I'm not sure what was it (and if that was true)
they fixed a greivance that had them on a warning list but it doesn’t equal a no action letter
  • #33,685
  • Edited 4:38am Mar 30, 2024 4:12am | Edited 4:38am
Quoting Nsak3y
Looks like Apex has approximately 140K active customers at the moment. They have paid out approximately 49M over the last three months. That would require that each customer has averaged a $350 investment into the program during that three-month period. I would bet that the average investment is more like 2 to 7 times that amount, at least. Additionally, it has been confirmed that the traders that show exceptional skill and are earning 1M/month or similar, that they will move them to a live account, even if they have not yet finished out their 3-month...
Maxed out in the simulated enviourment you could eventually scale up to trade 200 contracts of Nas (10 x 20 accounts)... Live you would be slipped to hell @ that total size. Once any of these futures props demand to go live... It's time to exit. Request the 90% split and put it in your personal broker account where you can keep 100% with 60/40 IRC 1256 tax treatment vs higher ordinary income tax treatment with props.
  • #33,686
  • Mar 30, 2024 4:21am Mar 30, 2024 4:21am
https://financefeeds.com/ic-markets-...with-icfunded/
Icmarkets enetered the prop firm space, looks better than oanda offer.
  • #33,687
  • Mar 30, 2024 4:28am Mar 30, 2024 4:28am
Quoting CableJ
Once any of these futures props demand to go live... It's time to exit.
-That was kind of my thought. I think, with that kind of profit, you could establish a very healthy personal account.
  • #33,688
  • Mar 30, 2024 8:05am Mar 30, 2024 8:05am
Quoting Takisd
{quote} they fixed a greivance that had them on a warning list but it doesn’t equal a no action letter
That's fair enough. He must have been misinformed.
  • #33,689
  • Mar 30, 2024 10:14am Mar 30, 2024 10:14am
The IC markets thing is an affiliate and not the actual company. Not as interesting now
  • #33,690
  • Mar 30, 2024 10:15am Mar 30, 2024 10:15am
Attached Image (click to enlarge)
Click to Enlarge Name: GJ7Wae5XsAAdw1w.jpg Size: 39 KB

yep
  • #33,691
  • Mar 30, 2024 10:58am Mar 30, 2024 10:58am
Quoting Takisd
The IC markets thing is an affiliate and not the actual company. Not as interesting now
Its them they said the same thing about ICTrading their offshore branch to accept europeans with more leverage, they say this too in ictrading its not us its another company but its them i was seraching google and clicked in a ads that said icmarkets.com but redirected me to ictrading.com, so its them but if this go wrong in the industry they can say it was not us it was our afflialiate

Quoting TrAndy1
{image} yep
Its them they just trying to avoid regulatory things probably or if they are with fpfx and deny people payouts or challenges they can say hey we are not icfunded we just provide them tech and things ect
  • #33,692
  • Mar 30, 2024 11:33am Mar 30, 2024 11:33am
Does every futures prop firm offer a one-time fee vs the monthly fees? They are really good at hiding that information unless you deep dive into the FAQ.
  • #33,693
  • Mar 30, 2024 12:15pm Mar 30, 2024 12:15pm
Quoting Novazor
{quote} Its them they said the same thing about ICTrading their offshore branch to accept europeans with more leverage, they say this too in ictrading its not us its another company but its them i was seraching google and clicked in a ads that said icmarkets.com but redirected me to ictrading.com, so its them but if this go wrong in the industry they can say it was not us it was our afflialiate {quote} Its them they just trying to avoid regulatory things probably or if they are with fpfx and deny people payouts or challenges they can say hey we...
So do you say IC Markets does provide the capital to start with ? And they do the A-booking ? Is IC Markets to at least 50% the owner of IC Funded ?
  • #33,694
  • Mar 30, 2024 12:17pm Mar 30, 2024 12:17pm
Quoting Novazor
{quote} Its them they said the same thing about ICTrading their offshore branch to accept europeans with more leverage, they say this too in ictrading its not us its another company but its them i was seraching google and clicked in a ads that said icmarkets.com but redirected me to ictrading.com, so its them but if this go wrong in the industry they can say it was not us it was our afflialiate {quote} Its them they just trying to avoid regulatory things probably or if they are with fpfx and deny people payouts or challenges they can say hey we...
I mean in this instance we have proof it’s not them. Do you have proof it is them?
  • #33,695
  • Mar 30, 2024 12:28pm Mar 30, 2024 12:28pm
Quoting TrAndy1
{quote} So do you say IC Markets does provide the capital to start with ? And they do the A-booking ? Is IC Markets to at least 50% the owner of IC Funded ?
IC Markets will offer the same model that FTMO offers and others offers, we know majority of traders lose, if they gonna A Book that will e 0.2% of traders
  • #33,696
  • Mar 30, 2024 12:29pm Mar 30, 2024 12:29pm
We need to know the ownership of IC Funded. I could not find anything so far. Anyone has some info ?
  • #33,697
  • Mar 30, 2024 12:30pm Mar 30, 2024 12:30pm
Quoting Takisd
{quote} I mean in this instance we have proof it’s not them. Do you have proof it is them?
I guarantee you that is them if you ask them is IC trading yours they say its different company with same liquidity providers, they cant say ictrading is them because if is the same group of companies they cant accept europeans in ictrading only in their cysec branch and why would they open another offshore branch if they have icmarkets global? its only to accept europeans that want more leverage, of couse they will not say its them and they are only affliate they dont want take liabilities if anything or business goes wrong and thats why they want separate business
  • #33,698
  • Mar 30, 2024 12:31pm Mar 30, 2024 12:31pm
"IC Markets has officially ventured into the proprietary trading domain through the introduction of its new platform, ICFunded.com, as reported by TradeInformer. "
  • #33,699
  • Mar 30, 2024 12:33pm Mar 30, 2024 12:33pm
Official link seems a serious source: https://financialcommission.org/2024...nded-platform/
  • #33,700
  • Mar 30, 2024 12:34pm Mar 30, 2024 12:34pm
Its them they just dont want to associate it with ic markets to prevent regulatory or damage control if the prop firm goes belly up
107 traders viewing now, 1 is registered:
albe84