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  • #33,801
  • Apr 1, 2024 2:43am Apr 1, 2024 2:43am
Quoting woody70
As it seems like I'm the only one left on this thread trading prop, I'm actually rooting for Angelo and company to get in there and disruprupt the industry you know revolutionize it a bit. Maybe then prop can go back to normal. Just kidding I wish you all well going forward with futures. Im going to stay put until the lights are cut off. Which might not be to far away.
Just like Liverpool You'll Never Walk Alone mate. While there is a light switched I'm still on it.
  • #33,802
  • Apr 1, 2024 2:46am Apr 1, 2024 2:46am
Quoting Quickly
{quote} Apparently so. Many posters in this thread have apparently seen the light of day and switched to futures. None will switch back, that’s for sure. I congratulate them all and wish them well.
You still fail to understand that people are moving to futures because they were forced to (mainly US) and they won't be better off with a trailing DD.
  • #33,803
  • Apr 1, 2024 2:51am Apr 1, 2024 2:51am
Quoting Takisd
Evidence that Fundingpips is a dodgy lie is starting to pile up. Business death is spreading global. More news at 11.
I don't trust a little bit in Khaled though I'm in a phase 2 challenge there in my reckless portfolio
  • #33,804
  • Apr 1, 2024 2:54am Apr 1, 2024 2:54am
Quoting Nsak3y
{quote}-Which might be a good thing. I contacted AMP about sub accounts, and was told that having more than two would qualify you as a professional, with significantly higher data fees. Although sub accounts are not what we are talking about, it is something to keep in mind, nonetheless. If both, AMP and Apex, were providing data from the same provider, then we might be more at risk for getting flagged as a professional. Since AMP's QT data feed is coming from CQG and Apex's QT data feed is coming from Rithmic, then we should presumably be fine....
I already had this doubt myself because I have basically 3 feeds: Interactive Brokers, AMP (with MT5) and now Apex (with Rithmic).
I'm not sure if they have systems to detect it using names and addresses or IPs, for example, as there is not a unique number like SS number (at least for non US).
They
  • #33,805
  • Apr 1, 2024 3:35am Apr 1, 2024 3:35am
Quoting Capablanca
{quote} You still fail to understand that people are moving to futures because they were forced to (mainly US) and they won't be better off with a trailing DD.
have a look at oneuptrader, they have similar prices/drawdowns BUT trailing on balance NOT equity like Apex both in evaluation and funded account but only max 3 accounts unlike the 20 from Apex
also no data fees once funded

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  • #33,806
  • Edited 4:19am Apr 1, 2024 3:50am | Edited 4:19am
Quoting Capablanca
I already had this doubt myself because I have basically 3 feeds: Interactive Brokers, AMP (with MT5) and now Apex (with Rithmic). I'm not sure if they have systems to detect it using names and addresses or IPs, for example, as there is not a unique number like SS number (at least for non US).
-If I had to guess, since you are using three different data providers, then it shouldn't be a problem.

If you have an account at AMP that uses Rithmic, and account at Optumus using Rithmic and then other accounts at other brokers etc., then maybe it could start to become a problem.

Probably, the prop shops have some agreement in place, though, so maybe those accounts could be treated differently. Obviously, Apex allows 20 accounts, and those accounts can be traded as a non-professional. In that case, maybe having 20 accounts at Apex and 20 accounts at Flexy might not be a problem.

Based on the fee structure at Apex, maybe they are already charging enough to cover professional fees, though. FlexyTrade seems to have a different pricing structure, and may be covering the fees themselves.

There's also the fact that the most of the trades are taking place on demo accounts, so maybe they are treated differently because of that, as well. Probably, if the accounts are demo, then there is no fee associated with that, but I'm not sure.

Quick reading would indicate that Rithmic, in particular, charges per connection or user ID. I assume that this would be for real-money accounts only. Easy money...

I apologize for sounding like a total newbie.
  • #33,807
  • Apr 1, 2024 4:04am Apr 1, 2024 4:04am
Quoting Nsak3y
{quote}-If I had to guess, since you are using three different data providers, then it shouldn't be a problem. If you grab 20 accounts at Apex via Rithmic, then another 20 accounts at FlexyTrade via Rithmic (just as an example), and you are trading under the same name/entity, then maybe it could start to become a problem, but I have no idea. To be honest, though, even if you were charged professional data fees, I'm not really sure if it would be that bad. These props make it seem as though you would need to pay data fees for each account that you...
Professional CME feed is about 120 USD per month, give or take. If I was charged 3x (one for each AMP, IB and Apex) it's expensive. If I'm charged 20x just for Apex, then it's brutally expensive. That's something I will worry if that ever comes up. In the meantime it's just curiosity.
  • #33,808
  • Apr 1, 2024 4:22am Apr 1, 2024 4:22am
Quoting Capablanca
In the meantime it's just curiosity.
-Sorry, I edited my post many times. It's very early here. I think that we probably do not need to worry about having accounts with props unless we are put on live accounts. Anyone that is looking to trade with multiple props would want to confirm. If you are already classified as a professional due to your broker accounts, then that might be a problem, though.

It is my understanding that once a trader is placed on a live account at Apex, that they are no longer trading 20 accounts, but only just one, with a large balance. This would make sense, since having 20 live accounts would classify you as a professional, undoubtedly.
  • #33,809
  • Apr 1, 2024 4:33am Apr 1, 2024 4:33am
Here is an interesting article that talks about the fee structure, as well as possible workarounds:

https://faq.ampfutures.com/hc/en-us/...tions-Sessions

One thing to remember is that although trading Futures is generally more expensive, it is not so much different than trading FX. With FX, you are chaged commissions and you pay a ton via padded spreads; a lot more than people realize. The better conditions offered by Futures helps to balance things out, I suppose. In either case, there is always someone (usually multiple someones) trying to get our money.
  • #33,810
  • Apr 1, 2024 5:00am Apr 1, 2024 5:00am
Wanna trade Future
But I can't because I'm only trade
EURJPY and CADJPY
Any solution?
  • #33,811
  • Edited 6:08am Apr 1, 2024 5:56am | Edited 6:08am
Quoting woody70
As it seems like I'm the only one left on this thread trading prop, I'm actually rooting for Angelo and company to get in there and disruprupt the industry you know revolutionize it a bit. Maybe then prop can go back to normal. Just kidding I wish you all well going forward with futures. Im going to stay put until the lights are cut off. Which might not be to far away.
i am still wth you 1 mil worth of challenges but only with top tier firms only… currently fundingtraders, e8, alpha and ftmo all mt5. Will buy fundedengineer, true forex 5%ers in next batch, FXIFY JUST SEND A APRIL OFFER BUT RECENTLY i HEARD ITS SLOWLY TAKING OUT PROFITABLE TRADERS SO NOT GONNA BUY THEM PLUS THEIR SLIPPAGE IS HORRIBLE
Extreme gut feeling trader
  • #33,812
  • Apr 1, 2024 5:57am Apr 1, 2024 5:57am
This apex trailing threshold is a real bummer … i was up 2k on a challenge account and it retraces to my breakeven and poof gone challenge account atleast the best part is its only 30 bucks
Extreme gut feeling trader
  • #33,813
  • Apr 1, 2024 6:05am Apr 1, 2024 6:05am
Quoting montygoldy
{quote} i am still wth you 1 mil worth of challenges but only with top tier firms only… currently fundingtraders, e8, alpha and ftmo all mt5. Will buy fundedengineer, true forex 5%ers in next batch
Have funding traders and funding peaks right now just received payout from funding traders on Friday to rise it has not hit the bank yet cause banks closed today. Only 1k though going to get a bigger challenge with them this week. I blew up the 5ers I forgot to add stop loss. Two is enough for me anyway. Anytime I add more than that I screw it up.
  • #33,814
  • Apr 1, 2024 6:06am Apr 1, 2024 6:06am
Some positive reviews after trading fundingtraders for 20 days. Their spreads are good with zero slippage specially for bitcoin. 2$ spread on bitcoin is holy grail for me.
Extreme gut feeling trader
  • #33,815
  • Apr 1, 2024 6:08am Apr 1, 2024 6:08am
Quoting woody70
{quote} Have funding traders and funding peaks right now just received payout from funding traders on Friday to rise it has not hit the bank yet cause banks closed today. Only 1k though going to get a bigger challenge with them this week. I blew up the 5ers I forgot to add stop loss. Two is enough for me anyway. Anytime I add more than that I screw it up.
i have passed 200k with fundingtraders waiting for 7 day requirements which will be done on Wednesday i guess. Another 200k phase 1 at 8% up. I am going really slow with the top tier firms challenges. Already 24 days on ftmo phase 1 and not even reached the 5% mark
Extreme gut feeling trader
  • #33,816
  • Apr 1, 2024 6:11am Apr 1, 2024 6:11am
Quoting montygoldy
Some positive reviews after trading fundingtraders for 20 days. Their spreads are good with zero slippage specially for bitcoin. 2$ spread on bitcoin is holy grail for me.
Yeah they are good you just have to be mindful of the 2% rule
  • #33,817
  • Apr 1, 2024 6:15am Apr 1, 2024 6:15am
This is a very bad move from Alpha, wanting to have onboard a known scammer
https://twitter.com/AlphaCapitalUK/s...21977927295256
  • #33,818
  • Apr 1, 2024 6:25am Apr 1, 2024 6:25am
Quoting Capablanca
This is a very bad move from Alpha, wanting to have onboard a known scammer https://twitter.com/AlphaCapitalUK/s...21977927295256
I believe they only be looking to market with him. Since his podcast channel is still huge.
Extreme gut feeling trader
  • #33,819
  • Apr 1, 2024 6:27am Apr 1, 2024 6:27am
The riz scam goes very deep. All the way to AstroFX which was UK based. Who else is UK based?

What about Viper group? What happened there?
Now SFT?

Next scam cooking, stir the pot.
  • #33,820
  • Apr 1, 2024 6:41am Apr 1, 2024 6:41am
Prop firm industry is looking scary for US traders... so much BS... looking for only props with +5 years of business in operation
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