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  • #39,821
  • Jul 25, 2024 4:47pm Jul 25, 2024 4:47pm
Also b-booking only FX brokers does not work we know from past. They will make withdraw problems, when you make too much profits as a trader there. Because b-bookers only cannot offload the risk tio third parties which is required when a trader is doing big profits.

With props it is no way better, it is even worse, because they can be cheated with reverse hedging to personal accounts.
So it is even more important that they also can offload risk from the book to outside parties, otherwise they cannot do the payouts to all traders sooner or later.
I think FTMO is doing it in a right way, but I have no proof of that. Apex in contrast as flagship on the futures prop side is 100% b booking I strongly guess.
  • #39,822
  • Edited 6:08pm Jul 25, 2024 5:12pm | Edited 6:08pm
Quoting CableJ
{quote} {image} {image}
Funded Next is not from the UAE. If we pay to purchase an account from them, the funds are transferred to Limassol, Cyprus. Darwinex is clearly from the UK. The funds are transferred to London.
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #39,823
  • Jul 25, 2024 5:15pm Jul 25, 2024 5:15pm
Quoting RoelsMajor
{quote} Funded Next is not from the UAE. If we pay to purchase an account from them, the funds are transferred to Limassol, Cyprus. Darwinex is clearly from the UK. The funds are transferred to London.
Yes and they, FundedNext, are operating from Bangladesh. Seems so shady. They only have an address in the UAE, not even a physical office in UAE I think. So in case you wanna complaint or go to court in a case they, the UAE courts cannot punish them, as they reside outside in the corrupt Bangladesh third world country. Cyprus also known for the not so strict money laundering controls.
  • #39,824
  • Jul 25, 2024 5:19pm Jul 25, 2024 5:19pm
THis is the BS you get when you make too much money
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Extreme gut feeling trader
  • #39,825
  • Jul 25, 2024 5:24pm Jul 25, 2024 5:24pm
Wanted to share one personal indicator for prop evaluation, one of my latest ones. So here it is:

I look on the last 30 days reviews on Trustpilot of any prop and then look at the percentage of
1 star reviews to the number of all reviews. If that number is higher than 15% or 20% maybe, then it is alarming and showing a growing scam level. Also watching this over time, can make sense (to me).

i noticed here that this number overall increased for all prop firms, including FTMO and Apex, in the last months.
Wanted to do a table sheet here, but did not find the time so far. If anyone is interested I think would be worth to post it here. 5ers best one if I recall correctly and Bespoke over 90% 1 star reviews in last 30 days, one of the worst.
  • #39,826
  • Jul 25, 2024 5:25pm Jul 25, 2024 5:25pm
Andy in 2 paragraphs you proved that you are not a phd in quant but i am not really surprised.
  • #39,827
  • Edited 5:46pm Jul 25, 2024 5:31pm | Edited 5:46pm
Quoting Takisd
Andy in 2 paragraphs you proved that you are not a phd in quant but i am not really surprised.
I have no good broker insider knowledge what is going on inside and how do they operate really, if you mean that.
  • #39,828
  • Jul 25, 2024 5:52pm Jul 25, 2024 5:52pm
Quoting Takisd
Andy in 2 paragraphs you proved that you are not a phd in quant but i am not really surprised.
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We all knew he was full of shit.
Trade with confidence, trade without fear.
  • #39,829
  • Jul 25, 2024 6:45pm Jul 25, 2024 6:45pm
Quoting pipmaster77
Unreal volatility. Everything beyond its highs, now looks like may take out the lows. Crazy.
SP500 had a 4H bullish candle engulfing 5 candles then the next candle vaporized the whole thing!

Perfect trading conditions. Love it
Pride always comes before destruction.... -Proverbs 16:18
  • #39,830
  • Jul 25, 2024 6:52pm Jul 25, 2024 6:52pm
Quoting montygoldy
THis is the BS you get when you make too much money {image}
Unfortunately those are their rules. Makes no sense though.

Make 1800 day 1 and 1200 day 2. Oh no we'll need to see a consistent trader that makes 1500 day 1 and 1500 day 2.

Seriously if they are ok with people passing in 2 days then it shouldn't matter.
Pride always comes before destruction.... -Proverbs 16:18
  • #39,831
  • Jul 25, 2024 6:59pm Jul 25, 2024 6:59pm
Quoting RoelsMajor
Day 9/15 of Darwinex Calibration, finally achieved recovery and profitability (from a drawdown of -17.36% to +2.56%). Today was quite good. Need 1.54% more to reach an assumption rating of 75 (4.10%). The drawdown was really bad, LOL . {image} {image}
Where are you finding this calculator? I thought it only appeared after the calibration phase was over and you got your Darwin Index.
Pride always comes before destruction.... -Proverbs 16:18
  • #39,832
  • Jul 25, 2024 7:17pm Jul 25, 2024 7:17pm
Quoting Expo33
{quote} Where are you finding this calculator? I thought it only appeared after the calibration phase was over and you got your Darwin Index.
At this link, scroll down a little to the DarwinIA section SILVER
https://www.darwinexzero.com/capital-allocation
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #39,833
  • Jul 25, 2024 7:27pm Jul 25, 2024 7:27pm
Quoting RoelsMajor
{quote} At this link, scroll down a little to the DarwinIA section SILVER https://www.darwinexzero.com/capital-allocation
Thank you!
Pride always comes before destruction.... -Proverbs 16:18
  • #39,834
  • Edited 10:01pm Jul 25, 2024 8:47pm | Edited 10:01pm
Quoting Takisd
Quick survey: Do you care if you are A book or B booked?
Made money B booked @ Oanda, A+B booked offshore, A+B booked @ MFF, A booked @ interactive brokers, on exchange trading futures... I don't think it matters much unless you're trading using super tight stops with huge lot/contract totals requiring unrealistic near perfect fills to have success.
  • #39,835
  • Jul 26, 2024 12:41am Jul 26, 2024 12:41am
Quoting montygoldy
THis is the BS you get when you make too much money {image}

How many account you traded to that amount? And is thar 1000 daily loss limit a new thing.
  • #39,836
  • Jul 26, 2024 3:12am Jul 26, 2024 3:12am
Quoting Eren10
{quote} How many account you traded to that amount? And is thar 1000 daily loss limit a new thing.
5 accounts.... daily loss limit was always there.......
Extreme gut feeling trader
  • #39,837
  • Jul 26, 2024 5:12am Jul 26, 2024 5:12am
Quoting montygoldy
{quote} 5 accounts.... daily loss limit was always there.......

Well done . Just make the rest in more days and you have more
  • #39,838
  • Jul 26, 2024 5:41am Jul 26, 2024 5:41am
Quoting CableJ
{quote} Made money B booked @ Oanda, A+B booked offshore, A+B booked @ MFF, A booked @ interactive brokers, on exchange trading futures... I don't think it matters much unless you're trading using super tight stops with huge lot/contract totals requiring unrealistic near perfect fills to have success.
How do you know you were a or b booked?
  • #39,839
  • Jul 26, 2024 5:43am Jul 26, 2024 5:43am
Morning Traders, hope all are well. Just a little update for those of you unfortunate enough to venture near your Daily Pause limit with 5%ers.

Their system detection appears to work differently to their terms and conditions regarding daily pauses (as I've just been informed). I think this may be following the move to their new HUB.

Their website: https://help.the5ers.com/how-does-the-daily-pause-work/ . States ""If your balance is $10,500 at midnight, your daily pause level will be 3% of $10,500. This means if your equity falls below $10,185 you will be paused for that trading day, and your account will only reopen after 00:00 GMT+2"

What they did to me was take my (positive) balance at midnight, add the floating balance (trades in profit), then subtracted 3% from that. Meaning my positions were closed out at 2% rather than the 3% described in their T's&C's.

My account was disabled yesterday and deducted the losing value of the 6 positions I had open, all of which went on to be in profit.

When I pointed out that the client success manager was giving me a description of the daily pause calculation that was entirely inconsistent with their terms, he said "well your account is still active and I'm sure you'll go on to be a successful trader".

I've had to push to have the issue escalated. It's apparently gone to their 'Technical Department', though I'm not confident I'll be hearing back.

Anyway, thought I'd post the experience here to help anyone that happens to have their positions stopped out and not sure why.
Don't you know that I'm loco ...
  • #39,840
  • Edited 6:33am Jul 26, 2024 5:50am | Edited 6:33am
More reviews should lower the standard deviation of wrong interpreted results. E.g.on Darwinex(zero) the number of reviews in the last 30 days is too low here. Overall it should give some indication how good the prop firm is. But this is one of my indicators for prop firms, which are solid and which are more scammy. I look for number of reviews in last 30 days and then look how many of them were 1 star reviews and calculate the percentage of it. The lower this percentage the better for the prop firm as there are less complaints. From E8 and lower you can be cautious and from Rank 10 on Alpha and lower it shows me a scam alert.
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