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Anyone trading with a Prop firm 6 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

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Prop Firm Hub

Quoting Capablanca
{quote} They have 5% in trust pilot on more than 2K reviews. I think that props that sustain up to 5% with a good number of reviews are a bit more reliable (if reliable is a word that we can use in prop industry). I avoided Maven during these years, I'm only with them in the last few months. They had a lot of restrictive rules in the past, which I didn't like.
Capa are you using Ctrader or match? Do they have Sunday candles or not?
Recieved a first pay from FXify last week. Recieved on 4th business day after request, included within this time frame was Rise set up. Not too bad. Approval only came on that 4th Day, which means 3-4 days unable to trade. I know this is a issue for some.
Let see how quick subsequent pay outs are.
Will llikely get another challenge with them to run alongside the funded account. Or perhaps wait for 2nd payout and a juicy black Friday discount
Quoting Capablanca
{quote} They have 5% in trust pilot on more than 2K reviews. I think that props that sustain up to 5% with a good number of reviews are a bit more reliable (if reliable is a word that we can use in prop industry). I avoided Maven during these years, I'm only with them in the last few months. They had a lot of restrictive rules in the past, which I didn't like.
Would you recommend MatchTrader or Ctrader? I never used them before
Quoting MoHoSK
{quote} Would you recommend MatchTrader or Ctrader? I never used them before
For a first-time user, choosing between MatchTrader and cTrader depends on your priorities. cTrader is generally considered more robust and potentially easier for beginners due to its intuitive interface. However, if social interaction and copy trading are important to you, MatchTrader might be a better fit.
Here's a breakdown to help you decide:
cTrader:

  1. Pros: Robust charting tools, extensive indicator library, Depth of Market (DoM) data, flexible algo trading capabilities via cTrader Automate. Good for beginners due to intuitive interface. Accessible from any browser.
  2. Cons: Fewer social trading features. Extensions are developed by Spotware and brokers can only report needs.

MatchTrader:

  1. Pros: Strong social trading and copy trading features. User-friendly interface. All-in-one platform including account management and payment methods. Available on desktop, web, and mobile with real-time synchronization. Offers interchangeable skins for customization.
  2. Cons: Less robust charting compared to cTrader. Algo trading limited to API integration for existing algorithms. Some users find it less powerful overall.

Consider these additional points:

  1. Your Trading Style: If you're a technical trader who relies heavily on charting and analysis, cTrader might be preferable. If you're more interested in social trading or copying other traders, MatchTrader is a better choice.
  2. Algo Trading: If you plan to use automated trading strategies, cTrader Automate provides greater flexibility than MatchTrader's API.
  3. Community: If you value a social trading environment and interaction with other traders, MatchTrader's community focus will be more appealing.

It's important to note that user experiences can vary, and one person's "crap" might be another's favorite platform. If possible, try demo accounts on both platforms to get a firsthand feel before committing. This will allow you to explore the interfaces, test the charting tools, and see which platform best suits your trading style and preferences.

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 My take: I have used AI
and if in the USA, cannot use MT4/5 (with forex props) or cTrader(with 100% every firm/broker), they like to make our decisions easier for us.
Quoting Stoneyrocks
{quote} how many friends ?
sry for the delay. 2
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What a dumpster fire
Does the idiot genuinely not understand that "rule changes" after people have paid are an outright breach of contract?

And then he’s surprised by what he considers an "insane" amount of chargebacks?


Quoting CableJ
What a dumpster fire

Exactly so. OMG, there are some stupid people in this "industry".
Quoting KarlKraus
Does the idiot genuinely not understand that "rule changes" after people have paid are an outright breach of contract? And then he’s surprised by what he considers an "insane" amount of chargebacks? {quote} Exactly so. OMG, there are some stupid people in this "industry".
For once we agree Karl
Quoting FocusWinReal
{quote} Capa are you using Ctrader or match? Do they have Sunday candles or not?
Ctrader. I used match some months ago, can't remember in which prop (it was when meta removed licenses) and I hated it.
Personally I prefer ctrader a million times than match. But MwlRCT wrote above an excellent resume. We're all different, with different needs, so better to test demos if you find them somewhere.
For the Sunday bar, I can't remember. It's something I don't pay attention.
Quoting rizla101
Recieved a first pay from FXify last week. Recieved on 4th business day after request, included within this time frame was Rise set up. Not too bad. Approval only came on that 4th Day, which means 3-4 days unable to trade. I know this is a issue for some. Let see how quick subsequent pay outs are. Will llikely get another challenge with them to run alongside the funded account. Or perhaps wait for 2nd payout and a juicy black Friday discount
4 working days is not great but let's hope it was the first, which included rise setup. Please keep us posted. Thanks!
Quoting KarlKraus
Does the idiot genuinely not understand that "rule changes" after people have paid are an outright breach of contract? And then he’s surprised by what he considers an "insane" amount of chargebacks? {quote} Exactly so. OMG, there are some stupid people in this "industry".
chargebacks ?

he had this

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Quoting Capablanca
{quote} 4 working days is not great but let's hope it was the first, which included rise setup. Please keep us posted. Thanks!
To be more accurate and fair to them, the request was later in the afternoon and the approval was mid morning, so only really 2 days without any ability to trade the account. If repeat payout take this long, they'll certainly be among the slower firms i have experience with, but still I could accept it. As long as the coins I'm owed arrive eventually, I'm happy.
Quoting Stoneyrocks
{quote} chargebacks ? he had this {image}
Which shows that they can write all the sh* they want and that means nothing if they don't deliver what was promised. I'm pretty sure that all charge backs I received (funding talent, engineer and flash) had some kind of stuff like this somewhere.
Quoting Capablanca
{quote} Which shows that they can write all the sh* they want and that means nothing if they don't deliver what was promised. I'm pretty sure that all charge backs I received (funding talent, engineer and flash) had some kind of stuff like this somewhere.
I wish I had charge backed all my fallen firms, would be a pretty penny I suspect.
Quoting rizla101
{quote} I wish I had charge backed all my fallen firms, would be a pretty penny I suspect.
I missed MFF and I regret it. I was doing a challenge at the time.
Quoting Capablanca
{quote} I missed MFF and I regret it. I was doing a challenge at the time.
My first ever prop challenge, theproptrading, website shut down 10 days later. Never thought to charge back for that or several others. I think I still have one I could try and charge back for thats within 120 day limit.

So are you only charging back eval accounts, not lost funded accounts? I suppose as fee is refunded there's nothing to charge back.
Quoting rizla101
{quote} My first ever prop challenge, theproptrading, website shut down 10 days later. Never thought to charge back for that or several others. I think I still have one I could try and charge back for thats within 120 day limit. So are you only charging back eval accounts, not lost funded accounts? I suppose as fee is refunded there's nothing to charge back.
Leaving the ethics considerations outside (also because ethics it's not a word I can combine with prop industry):

- Challenges that were refunded with first payout there is nothing to do, unless they have not refunded to the card. If they refunded, for example, in Rise you may try to to get that refund again. Maybe they don't dispute and you get lucky. I never did it but it's possible.

- Failed challenges -> you may try to recover them. I did that in Funded Talent because they were crooks changing rules everyday so I didn't play fair either. Same for Flash. Sway didn't play fair when they changed the static DD into trailing DD, compulsory, and refused to refund. I fought back and won, even for a failed challenge. No remorse.

- More than 120 days you may try anyway. I can't remember which one was more than 120 days, if Engineer or Flash, and I won. That's the risk I have. I take a lot of time to pass a challenge and get to payout. If prop goes under it could have been more than 120 days and I may or may not get anything back. I should become more aggressive passing stuff.
Quoting Capablanca
{quote} Leaving the ethics considerations outside (also because ethics it's not a word I can combine with prop industry): - Challenges that were refunded with first payout there is nothing to do, unless they have not refunded to the card. If they refunded, for example, in Rise you may try to to get that refund again. Maybe they don't dispute and you get lucky. I never did it but it's possible. - Failed challenges -> you may try to recover them. I did that in Funded Talent because they were crooks changing rules everyday so I didn't play fair either....
good post
Intraday only.
[quote=Capablanca;15049442]{quote} Leaving the ethics considerations outside (also because ethics it's not a word I can combine with prop industry): - , in Rise you may try to to get that refund again. Maybe they don't dispute and you get lucky. I never did it but it's possible. - Failed challenges -> you may try to recover them. I did that in Funded Talent because they were crooks changin[quote]

Okay i don't agree with double refund charge back or for failed challenges, but going forward I think I will charge back any firms that go under whilst mid challenge. Certainly I've left a good amount of dollars with those who didn't fulfil the service I paid for. Might test my most recent one, to see how much hassle it is dealing with the bank.
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