Disliked{quote} Very strange indeed, maybe to avoid regulation and do manipulationIgnored
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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
Disliked{quote} Very strange indeed, maybe to avoid regulation and do manipulationIgnored
DislikedSeems like alpha futures also balling with these kinda payouts....... {image}Ignored
DislikedSo, in comparing a 2 step forex challenge with a straight to funded futures prop, pretty amazing what a no brainer it is. Pay $499 for a 100K 2 step offering 10K in DD Pay $384 for a 150K direct funded futures offering 7500 DD $$$/DD is close enough to even. The forex firm and the futures firm both require profit equal to the DD, known as stage 1 in the forex prop and building the buffer in futures. Here's where the no brainer comes in: At this point, you can withdrawal 3K from the futures firm, the forex firm you must earn another 50% of DD (5K)...Ignored
DislikedSo, in comparing a 2 step forex challenge with a straight to funded futures prop, pretty amazing what a no brainer it is. Pay $499 for a 100K 2 step offering 10K in DD Pay $384 for a 150K direct funded futures offering 7500 DD $$$/DD is close enough to even. The forex firm and the futures firm both require profit equal to the DD, known as stage 1 in the forex prop and building the buffer in futures. Here's where the no brainer comes in: At this point, you can withdrawal 3K from the futures firm, the forex firm you must earn another 50% of DD (5K)...Ignored
With the forex firm , you can pass the 2 phases with a few large trades and get a payout without all those requirements..
The gamblers who hope to pass with a few large trades are better off with the forex firm
DislikedSo, in comparing a 2 step forex challenge with a straight to funded futures prop, pretty amazing what a no brainer it is. Pay $499 for a 100K 2 step offering 10K in DD Pay $384 for a 150K direct funded futures offering 7500 DD $$$/DD is close enough to even. The forex firm and the futures firm both require profit equal to the DD, known as stage 1 in the forex prop and building the buffer in futures. Here's where the no brainer comes in: At this point, you can withdrawal 3K from the futures firm, the forex firm you must earn another 50% of DD (5K)...Ignored
Disliked{quote} the difference is the required consistency of 20% with the straight to funded futures firm , which you dont have with the Forex firm If you make more than 20% of your profit target in a day , the profit target will increase with the STF futures , so you will have to cut winners instead of losers if you dont want your profit target to increase This will slow you down with the STF futures firm to reach your profit target and subsequent payout’s Here are all the payout requirements with Tradeify ; Consistency Rule: Abide by the 20% Consistency...Ignored
Disliked{quote} the difference is the required consistency of 20% with the straight to funded futures firm , which you dont have with the Forex firm If you make more than 20% of your profit target in a day , the profit target will increase with the STF futures , so you will have to cut winners if you dont want your profit target to increase This will slow you down with the STF futures firm to reach your profit target and subsequent payout’s Here are all the payout requirements with Tradeify ; Consistency Rule: Abide by the 20% Consistency Rule (See: What...Ignored
Disliked{quote} There is one more. FX prop firm... you can keep for ever if you trade consistently. Futures, after probably 6th payout, it leads to live funded accountIgnored
Disliked{quote} The futures firm gives you a live account and the forex firm bans you. Make no mistake, you are a liabilty to the firm until they move you to live. That is why they do it. Forex props........collect fees from the 95% that fail, the 5% that pass get a few payouts and then potentially get banned to get you off the balance sheet Futures props......collect fees from the 95% that fail, the 5% that pass get a few payouts and then get moved to an actual live account. So triple the payout and then live vs. 1/3 the payout and then banned.Ignored
Disliked{quote} I guess since I've done both and now fully transitioned to futures, I may be byased. However, the facts are the facts. Perhaps it is simply the futures firms learned from the forex firms mistakes and the live account is the "out" to get rid of you. Tradeify says they are going to copy you in live, so in addition to the 100% payout, you'll get 10% on top......pretty cool concept. The way I see it, the forex props were 100% misleading from the get go while the futures firms are far more transparent. I didn't care about the model of the forex...Ignored
Disliked{quote} Forex firms are notorious of mending rules if you make money and receive large payouts. If traders make 1%-2% they are ok but larger they will make up shit rule like you can't risk more than 1% per trade etc which is worse than 20% consistency and this is from top notch firms like 5ers and FTMO forget about bucket shops.Ignored
Disliked{quote} I dont think the 1 step challenge you are hoping is sustainable from all sides. If we get sustainability from props and good access at reasonable prices i think that finally the props will be a long term project that can be used with 10 years in mind and some trust will come back. The wild west period was very negative to the community as it was basically pump.fun but for businesses.Ignored
Disliked{quote} The futures firm gives you a live account and the forex firm bans you. Make no mistake, you are a liabilty to the firm until they move you to live. That is why they do it. Forex props........collect fees from the 95% that fail, the 5% that pass get a few payouts and then potentially get banned to get you off the balance sheet Futures props......collect fees from the 95% that fail, the 5% that pass get a few payouts and then get moved to an actual live account. So triple the payout and then live vs. 1/3 the payout and then banned.Ignored