Prop Firm Hub | Page 2141 | 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

  • #42,801
  • Oct 1, 2024 3:42pm Oct 1, 2024 3:42pm
I think it’s already been proven most people who complain about Darwinex are full of shit, like that jadecap guy. It doesn’t support gambling models, so people who use unrealistic risk, fail. Without seeing it’s for everyone’s good. That being said it’s not a fun experiment. But fits into another experiment I may run with some friends.

I forgot to add to this post that I have started posting everything using ChatGPT now. It helps me write in English at a more advanced level and is fun to mess with paranoid children who drink too much.
  • #42,802
  • Oct 1, 2024 3:58pm Oct 1, 2024 3:58pm
Quoting Noisy
{quote} Have you ever looked at how many of the DARWINs received this amount of capital from outside investors and how long it took them on average to attract it? Not that I don't wish you success in this goal, but that sounds very optimistic. How did you even come up with that number of 10 million in 12-18 months? As far as I can see, this cannot be estimated and certainly not based on the mentioned 2-3% return per month as the sole criterion for whether it achieves this goal or not. I see a lot of DARWINs with solid returns, some of which have...
I am very ambitious

It shows me annualized at 42-44% return with 6.13% max DD. DD will never go beyond that, I simply trade too risk adverse. It is only that high because I let a couple of trades get away from me in calibration stage.

So, in 12 months, with 42% return and 6.13% DD, 18 months 63% with 6.13% DD, if, and as you state, it is a big if, Darwinex delivers on what SHOULD happen with those returns, AUM should be substantial.

10 mil is just an arbitrary number I like to throw around. Hell, I'd be happy with 2 mil which would pay me $125K annually.

I can only do my part and the number I constantly hear from the CEO is 2-2.5% monthly. If they do their part and secure the investors, all is good. If not, I should atleast be able to add an extra 20-25K to my trading income simply with their seed allocations.

I'll never know what they can deliver unless I do what they ask.....
  • #42,803
  • Oct 1, 2024 4:28pm Oct 1, 2024 4:28pm
Quoting Takisd
I think it’s already been proven most people who complain about Darwinex are full of shit, like that jadecap guy. It doesn’t support gambling models, so people who use unrealistic risk, fail. Without seeing it’s for everyone’s good. That being said it’s not a fun experiment. But fits into another experiment I may run with some friends. I forgot to add to this post that I have started posting everything using ChatGPT now. It helps me write in English at a more advanced level and is fun to mess with paranoid children who drink too much.
I am also in a fun experiment- I started my fifth DZero account today.
I did it because it just doesn't even compare with any other prop out there. All others have flaws and cannot trade in peace and here it is completly different story.
But to each their own.

Soon I will be like Monty- trade all my cousin's DZero accounts also...
PVSRA
  • #42,804
  • Oct 1, 2024 4:29pm Oct 1, 2024 4:29pm
There is one problem with Darwinex, they are hardly profitable. They can pay their stuff but that's it. A company which recently reported annual net profit of a couple of hundred kilos does not have the money to make huge marketing campaigns to attract any outside investors. There are too many other competitive platforms in that niche too. There are much bigger players as competitors so I really do not understand why is there an ongoing discussion about a so small arbitrary niche player here.
  • #42,805
  • Oct 1, 2024 4:38pm Oct 1, 2024 4:38pm
You need not only good risk adjusted returns, but also academic degrees and relevant job roles to be considered for any outside money, as a serious source. You also need money for marketing things, that is something not really considered at Darwinex. It is like in the real world, it is much tougher to attract millions than told here.
  • #42,806
  • Oct 1, 2024 4:42pm Oct 1, 2024 4:42pm
The only famous case is Larry Williams who won the Robbins Cup with a record return over 10000% in that year 1987. And then shaking hands with the US president. That way you can attract millions from outside investors, but even Andrea Unger and other I heard of cannot get some serious outside investors to build up a lavish lifestyle. And Unger won the Robbins Cup three times in a row. It is really so hard to attract millions of money from investors, they are so shy...do not expect too much!
  • #42,807
  • Edited 6:06pm Oct 1, 2024 4:54pm | Edited 6:06pm
I think the best and easiest way in the US to get outside money from investors, is through becoming a CTA. It cost only around $3k and maybe some short stupid exam. But then you can build up your broker account and report that numbers to any official CTA rankings which are published to many rich people, who care on those.
For example here in Germany you have €30k setup cost and need to wait 6 to 12 months and need €100k capital behind in addition too, to be allowed to take third party money. And then you have at least €10k annual cost for legal and admin and reporting fees, which are much higher cost compared to the situation in the USA. US is the land of free for anyone making good returns risk adjusted and seek for cheap any third party money. The CTA route is cheap and you get into all kind of rankings.
Attached File(s)
File Type: pdf Aug2024SharpeRanking2.pdf   89 KB | 214 downloads

Attached File(s)
File Type: pdf Aug2024SharpeRanking5.pdf   99 KB | 336 downloads

Attached File(s)
File Type: pdf Aug2024YTDRankings.pdf   69 KB | 240 downloads


https://www.iasg.com/managed-futures...compoundReturn
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-10-02_010413.jpg Size: 332 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-10-02_010352.jpg Size: 284 KB

One chosen CTA here with good numbers and double digit AUM in the millions, just as an example here shown for illustration purposes and not as advice of course.
  • #42,808
  • Oct 1, 2024 5:07pm Oct 1, 2024 5:07pm
For example at my broker I was offered to do a hedge fund setup in Gibraltar for $50k to my own expense, then they would call their clients to invest in that fund. They get good commissions on each futures contract traded. But I was at that time in the middle of my studies so I decided to finish my degree first, because I knew without any degree I had no chance nowhere to land a job, especially in any investment bank. It was a hard decision, but I also had to relocate to that country and I did not know how much money they would aquire for my fund. It was a niche broker based in Chicago. But I think this is also a good way to get third party money, if anyone is interested to hear my old story. If you can get your broker behind, you should have a good personal contact to your broker and not like today with discounts and staff who does not know anything about you, then you have a good chance if they say we can imagine to build up something with you as trader, to get serious outside money.
  • #42,809
  • Oct 1, 2024 5:23pm Oct 1, 2024 5:23pm
Quoting TrAndy1
For example at my broker I was offered to do a hedge fund setup in Gibraltar for $50k to my own expense, then they would call their clients to invest in that fund. They get good commissions on each futures contract traded. But I was at that time in the middle of my studies so I decided to finish my degree first, because I knew without any degree I had no chance nowhere to land a job, especially in any investment bank. It was a hard decision, but I also had to relocate to that country and I did not know how much money they would aquire for my fund....
Inserted Video
Trade with confidence, trade without fear.
  • #42,810
  • Oct 1, 2024 6:19pm Oct 1, 2024 6:19pm
Quoting TrAndy1
For example at my broker I was offered to do a hedge fund setup in Gibraltar for $50k to my own expense, then they would call their clients to invest in that fund. They get good commissions on each futures contract traded. But I was at that time in the middle of my studies so I decided to finish my degree first, because I knew without any degree I had no chance nowhere to land a job, especially in any investment bank. It was a hard decision, but I also had to relocate to that country and I did not know how much money they would aquire for my fund....
Quoting TrAndy1
{quote} . . .. there is no margin call as I trade FX and not Futures.
I would like to be your broker and will offer you $1 account with no margin call
  • #42,811
  • Oct 1, 2024 7:51pm Oct 1, 2024 7:51pm
at MFFU, Topstep, take profit & Tradeday... if you blow your accounts right before reaching their forced live payout levels and reset with new challenges would you keep getting payouts via live sim potentially way past their thresholds?
  • #42,812
  • Oct 1, 2024 7:55pm Oct 1, 2024 7:55pm
So it kind of looks like APEX has been in cost cutting mode since their initial 90% off orgasmic revenue phase.

Now they need to enforce their rules to cut back on payouts. Stop paying grunts to answer idiotic questions in Discord. No more automated credentials or emails

I'm going to make a video of me trading while naked just in case they ask.
Pride always comes before destruction.... -Proverbs 16:18
  • #42,813
  • Oct 1, 2024 8:59pm Oct 1, 2024 8:59pm
Quoting CableJ
at MFFU, Topstep, take profit & Tradeday... if you blow your accounts right before reaching their forced live payout levels and reset with new challenges would you keep getting payouts via live sim potentially way past their thresholds?
i think whenever u Buy new accounts …. Your history resets…
Extreme gut feeling trader
  • #42,814
  • Oct 1, 2024 10:05pm Oct 1, 2024 10:05pm
Quoting Expo33
So it kind of looks like APEX has been in cost cutting mode since their initial 90% off orgasmic revenue phase. Now they need to enforce their rules to cut back on payouts. Stop paying grunts to answer idiotic questions in Discord. No more automated credentials or emails I'm going to make a video of me trading while naked just in case they ask.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture1.JPG Size: 19 KB
Coincidence? Maybe... maybe not... it could just be that once word gets out that a prop is paying big, here comes the avalanche of cheaters to abuse the system, but something has changed over there over the last few months.
  • #42,815
  • Oct 1, 2024 11:32pm Oct 1, 2024 11:32pm
Quoting CableJ
{quote} {image}Coincidence? Maybe... maybe not... it could just be that once word gets out that a prop is paying big, here comes the avalanche of cheaters to abuse the system, but something has changed over there over the last few months.
I'm sure they have lost market share over the last few months.

Anyways. 12 hours since passing and no email, no signature for PA account on website. Used to be so fast. Now....crickets
Pride always comes before destruction.... -Proverbs 16:18
  • #42,816
  • Oct 2, 2024 12:02am Oct 2, 2024 12:02am
Quoting Capablanca
{quote} I'm not going to waste 28m of my time listening to a podcast if you can't explain in a paragraph why you can do this but the fuss around no commission has been around for a long time and FXIFY already brought it to the prop arena long time ago. They have 2 plans, one no commission and another raw spreads. I had two accounts there of each type, one I lost in the meantime, to see what what was each of them and it is exactly what we expect: Raw account with very tight spreads + $6/lot commission and no commission account with wider spreads,...
To clarify, the $6 charge with other brokers is typically embedded within the commission or spread. In contrast, Afterprime offers zero commission and often zero spread on major pairs, making our offer genuinely unbeatable.

We lead the market with an all-pairs average spread of just 0.2. The next closest competitor, Fusion, is at 0.8, which means we’re 4 times more cost-effective. Compared to the industry average of 1.5, Afterprime is a staggering 7 times cheaper than the typical broker.

https://forexbenchmark.com/brokers/spreads/ to see for yourself.. Make sure to include commissions. Screengrab for last 30 days below.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB


When our prop offering launches, traders will enjoy the same low-cost structure and keep 100% of their profits.

How do we do it? For those who are tech-inclined and want to understand the mechanics behind our offer, I highly recommend checking out our podcast for a deeper dive. It’s all explained here:

Apple:
https://podcasts.apple.com/au/podcas...=1000671292980

Spotify:
https://open.spotify.com/episode/23U...QhimQi0qeoNUFA

Best,
Jeremy
  • #42,817
  • Oct 2, 2024 12:10am Oct 2, 2024 12:10am
Quoting Stoneyrocks
{quote} have a look at Lux , they offer real accounts after passing the evaluation https://luxtradingfirm.com/lux-elite-traders-club/
Thanks we used to be the executing broker for Lux, we understand their model well and it's not something we are looking to emulate.

Quoting hayseed
{quote} how many of us would have ever thought that 20 demo accounts would direct deposit in excess of 10,000$...... 20 demo accounts that each cost less than 120$ including lifetime license.....{image}
The real wild west!

Quoting Nsak3y
{quote}-I have mentioned some things in the past, but my memory is failing with age. I think, with an everyone-wins approach, that education should serve as a foundational cornerstone.....
Thanks for this invaluble feedback. I love your ideas - a lot of them are quite complex but we think the same way.

Quoting RoelsMajor
{quote} Trading is a lifelong speculation game. Profits depend on skill and luck throughout the episodes of time. Potential revenue sources include: 1. Entry Fee: The cost paid by the trader to secure monthly fixed funding...
In your example you are breakeven on the challenge fees vs 6% stopout losses. What hasn't been taken into account is traders on a live funded account that leverage up and blow past their ~6% drawdown limit causing a way bigger loss on the funded account to the broker.
  • #42,818
  • Oct 2, 2024 12:16am Oct 2, 2024 12:16am
Anyone trading with a prop firm where they really like the tech the prop firm has whitelabeled?

FPFX, FunderPro, YourPropFirm etc

We have about 40 people in our private group at the moment where we will be building out our prop solution alongside the community. Anyone keen just DM me.

Thanks for all the great responses.

Best,
Jeremy
  • #42,819
  • Oct 2, 2024 1:56am Oct 2, 2024 1:56am
Quoting TrAndy1
... if anyone is interested to hear my old story.
Yeah I am interested, we are here to tell stories, regardless of how it sounds. So please fire away.
Re this thread's topic, while accepting there's no charity in this business, good or bad should be reflected in facts or put in a particular context. Just like a trade, it's neither good nor bad until after the exit, so only after quitting a service, you can reflect on the house.
In theory it appears Darwinex comes out on top but let's be honest that at opening an account - even with a decent fx broker instead - the feeling is always like heading in a trap. So let's forget about scams or nonscams, it's all the way in between. Otherwise - nothing to mess around.
The requirement is what's the prop firm who on promise and/or in practice, allows you the first real dime (instead of a million bait) in your pocket in shortest time frame?
What if adding MT4, low fee conditions?
  • #42,820
  • Oct 2, 2024 2:19am Oct 2, 2024 2:19am
Further to enquiries, Darwinex gave me this introduction video (
Inserted Video
) but I wonder if they (with all the professionalism) made a clear flaw in the illustration: for $500 fee prop firms usually offer 100K not 10K as in the example? If it was a flaw, then the whole argument would collapse?
To avoid sounding myself a promoter for them, this is the vaguest thing in all my observation:
Their support answer "At Darwinex Zero you are guaranteed an allocation if your rating is above 75" but never told me how the point is calculated. It's the hidden point mechanism that is myterious to traders like a moving target.
I still believe they can't cheat on that with all the regulative scrutiny, but anything hidden is both wearysome and worrisome.
104 traders viewing now