Prop Firm Hub | Page 2292 | 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

  • #45,821
  • Edited 1:36pm Jan 1, 2025 1:25pm | Edited 1:36pm
Quoting genuine007
dubai, canada or any other country for trading?? Which is best to move & why?? What are pros & cons?? anybody
For tax purposes, dubai is better place.

I lived in Middle east for more than 20 years since I tuned 29.

You can show income from trading as income earned from any source. However, hope you are aware that you can not show as second employment income because, you are not permitted to work legally for second employer

I know there is no tax for employment income in whole of Middle east.

However, you earn some Millions, and send money to home country, they will suspect you.

You can send 10 to 15k dhs to your home country in a month... more than that, in home country, it could become problem

Canada :

You earn any income from Trading, any max amount, no issues as long as you pay hefty tax on trading income. However there are schemes in canada to reduce tax
Intraday only.
  • #45,822
  • Jan 1, 2025 2:02pm Jan 1, 2025 2:02pm
Quoting navk
{quote} For tax purposes, dubai is better place. I lived in Middle east for more than 20 years since I tuned 29. You can show income from trading as income earned from any source. However, hope you are aware that you can not show as second employment income because, you are not permitted to work legally for second employer I know there is no tax for employment income in whole of Middle east. However, you earn some Millions, and send money to home country, they will suspect you. You can send 10 to 15k dhs to your home country in a month... more than...
Canada is 2nd garbage country after US for trading. Who in the right mind move to north America as almost all the brokers with good spreads are banned.
Also why to move if your trading income is so significant that you want to avoid tax why not open offshore LLC and trade it will be much cost effective.
Unless you are futures trader and wants to take advantage of timezone US and Canada is the palace to go otherwise stay away.
  • #45,823
  • Jan 1, 2025 2:39pm Jan 1, 2025 2:39pm
Quoting sampat
{quote} Canada is 2nd garbage country after US for trading. Who in the right mind move to north America as almost all the brokers with good spreads are banned. Also why to move if your trading income is so significant that you want to avoid tax why not open offshore LLC and trade it will be much cost effective. Unless you are futures trader and wants to take advantage of timezone US and Canada is the palace to go otherwise stay away.
Yea, forex trading not good in Canada / usa with reputed brokers. In general.
You are Canadian, i will advise you to trade with www.tradersway.com mt4 if you trade forex.
Futures trading Good for North Americans.

For tax point of view, the best place is Middle east.
Intraday only.
  • #45,824
  • Edited 4:54pm Jan 1, 2025 4:16pm | Edited 4:54pm
Quoting montygoldy
{quote} Its not horrible if you ask me coz i wan in that shoes with my previous accounts with apex… there is always a trade where i tilt hard and pray go back go back i,ll close at breakeven… which is absolutely not good… this rule will force me to not to risk more than 30% per trade and keep it below 2:1 rr… also my personal opinion - apex now is for advanced traders… with the intra coz there are cheaper options available out there in market where there is a higher chance of getting a payout… only usp of apex is 20accounts and hassle free...
Monty, who is pulling 40k payouts with Apex?

As much as I hate Apex, i just purchased 10 - 150k evals. The price is too cheap. Planning to do size one contract of Gold. First month is $16.70 but next month will be almost $34 / account. Even if it takes me two months to pass.... It does not matter. Will keep updated.

My previous Top Step XFA's were blown before a payout. I was doing really good but I took a late night trade with full confidence. Went to sleep and woke up with a huge negative. Emotions came in to play, my trades on 3 funded XFA's turned in to Hope and Prayers... and we all know and been there....Market does not care about anything. I lost them.

Starting 2025 with:

10 - 150K Apex (Will trade 1 contract at a time due to trailing drawdown)
2 - 150K TopStep (Will trade 2 to 3 contracts at a time)
3 - 50K MyFundedFutures Starter (Will trade 2 micro's max)

Lets see how it goes. Only trading Gold. Not giving up.
Drawdown is more important than Account Size !
  • #45,825
  • Jan 1, 2025 5:37pm Jan 1, 2025 5:37pm
Quoting procrude
{quote} Monty, who is pulling 40k payouts with Apex? As much as I hate Apex, i just purchased 10 - 150k evals. The price is too cheap. Planning to do size one contract of Gold. First month is $16.70 but next month will be almost $34 / account. Even if it takes me two months to pass.... It does not matter. Will keep updated. My previous Top Step XFA's were blown before a payout. I was doing really good but I took a late night trade with full confidence. Went to sleep and woke up with a huge negative. Emotions came in to play, my trades on 3 funded...
I am trying to understand strategy of moving forward beyond one month as resets are free only if you blow account. Why not use target 1 month and even if it blows its free reset with next billing cycle.
  • #45,826
  • Jan 1, 2025 5:49pm Jan 1, 2025 5:49pm
I don't know if you guys noticed but $50K, $150K and $300K APEX Evals are all the same price= $16.70
Th bigger accounts are harder to pass but at 97% off I am going big.
Buying 40-60 $300K accounts gamble/trading them in groups of 5.
Hoping to land at least one group of 5 then trade normally until I reach the payout threshold.
Hopefully cost will work out to $2368 total for $37,500 drawdown.
  • #45,827
  • Edited 6:11pm Jan 1, 2025 6:01pm | Edited 6:11pm
Quoting sampat
{quote} I am trying to understand strategy of moving forward beyond one month as resets are free only if you blow account. Why not use target 1 month and even if it blows its free reset with next billing cycle.
Resets are $35

Also with Apex you have to be very careful with the 30% unrealized PNL Rule So risk has to be low. Basically have to crawl up to your target instead of running.
Drawdown is more important than Account Size !
  • #45,828
  • Jan 1, 2025 7:56pm Jan 1, 2025 7:56pm
Quoting Takisd
{quote} they all use simulated. ATFunded has a pathway I think but the others are just same. Origin fx is highly dubious If someone says "virtual capital" or simulated or whatever it is because they want to deal their own account without legal ramification. I wouldn't pay much attention to that. I will be purchasing AT when they launch next week as well as Hantec after my surgery in 11 jan. I have most of the other broker ones what I am looking for in 2025 is whats beyond the "challenge". AT have their program with the investors and I see few others...
I guess I'm going with Hantec Trader, after all.

They fulfill my two top requirements for CFD props at this point in time:
a) backing by a reputable, established broker
b) non- simulated account in the funded stage ( I think that props who actually provide real capital are more trustworthy)

Best of health in the New Year, takisd!

Btw, why do you say OriginFX is dubious?
Amor Fati--F. Nietzsche
  • #45,829
  • Jan 1, 2025 7:59pm Jan 1, 2025 7:59pm
Quoting FocusWinReal
{quote} Well there you go. FTMO Australia has its own website. AFSL, ACN, PTY LTD etc. Only for Australians. Have to sign in to purchase. Yet, they want Euro for challenge fee. That's rude. AUD thanks.
So the Aussie regulators have applied 1:30 leverage to retail traders with FTMO. Just to keep it in line with the local enforcement on spot retail self funded accounts.
Point is mute when you are already leveraging €540 evaluation fee cost to headline figure US100k account x 1:30 leverage…..
  • #45,830
  • Jan 1, 2025 8:01pm Jan 1, 2025 8:01pm
Got 10 Apex STATIC Accounts. They are $13.70 each with 90% discount. I never bought these before... want to try these out with the lowest investment possible.
Drawdown is more important than Account Size !
  • #45,831
  • Jan 1, 2025 8:09pm Jan 1, 2025 8:09pm
Quoting doji
{quote} I guess I'm going with Hantec Trader, after all. They fulfill my two top requirements for CFD props at this point in time: a) backing by a reputable, established broker b) non- simulated account in the funded stage ( I think that props who actually provide real capital are more trustworthy) Best of health in the New Year, takisd! Btw, why do you say OriginFX is dubious?
Yea solid broker only caveat here is any withdrawal will move your max allowed drawdown to starting balance more like futures prop firm.
  • #45,832
  • Jan 1, 2025 8:23pm Jan 1, 2025 8:23pm
Quoting procrude
{quote} Resets are $35 Also with Apex you have to be very careful with the 30% unrealized PNL Rule So risk has to be low. Basically have to crawl up to your target instead of running.
Yes it costs 35$ if you do manual reset. But when you get rebill for next month your 33$ fees will cover it. If you blow your account it will reset automagically.
  • #45,833
  • Jan 1, 2025 8:35pm Jan 1, 2025 8:35pm
Quoting procrude
Got 10 Apex STATIC Accounts. They are $13.70 each with 90% discount. I never bought these before... want to try these out with the lowest investment possible.
So the DD is $625 with a 2K target. However, once in the funded the buffer is not DD plus 100 as the otheres, it is $2600, like a 50K trailing account. I get the huge benefit of static, but everything else sucks on that plan.
  • #45,834
  • Jan 1, 2025 9:46pm Jan 1, 2025 9:46pm
Did a good job in 150k ttt account, 50k mffu account.

Met my daily target 750 - 850 $

Did yolo in 17 $ Apex eval account to make 2.5k today asia.

Need another 500 to pass eval
Intraday only.
  • #45,835
  • Edited Jan 2, 2025 8:06am Jan 1, 2025 10:17pm | Edited Jan 2, 2025 8:06am
Quoting procrude
{quote} Monty, who is pulling 40k payouts with Apex? As much as I hate Apex, i just purchased 10 - 150k evals. The price is too cheap. Planning to do size one contract of Gold. First month is $16.70 but next month will be almost $34 / account. Even if it takes me two months to pass.... It does not matter. Will keep updated. My previous Top Step XFA's were blown before a payout. I was doing really good but I took a late night trade with full confidence. Went to sleep and woke up with a huge negative. Emotions came in to play, my trades on 3 funded...
I know couple of guys who got paid 40k payouts last month......Just freaking follow the rules.... The best they did was 1 setup a day either loser or winner with 1:1 rr ...
Fast yolo 50k n pass them n pay activation fees... Forgetting 85$ activation fees is also going away with this promotion. I have a feeling they not gonna extend the promo just a guess.

Buddy i can advise you to a little strategy as you getting close to payouts and not able to go over the hump....

Try this....

1. When you start funded accounts try to achieve 80% of profits required to get a payout in 2-3 trading days.... Then go slow with smaller size even though you lose it wont effect your payout.
2. Pick those 2-3 days carefully as you dont have to trade daily and you'll be content in your mind knowing you going to make 80% in that time frame.....
3. You can copy trade in batches or not at all depends on you but never copy all together.
Extreme gut feeling trader
  • #45,836
  • Jan 1, 2025 10:18pm Jan 1, 2025 10:18pm
Quoting josh1111
I don't know if you guys noticed but $50K, $150K and $300K APEX Evals are all the same price= $16.70 Th bigger accounts are harder to pass but at 97% off I am going big. Buying 40-60 $300K accounts gamble/trading them in groups of 5. Hoping to land at least one group of 5 then trade normally until I reach the payout threshold. Hopefully cost will work out to $2368 total for $37,500 drawdown.
i'll always advise take first 50k pass them first and active them coz the promo is for activation fees as well which is 85$ and after promo it will go back to 125$......
Extreme gut feeling trader
  • #45,837
  • Edited Jan 2, 2025 12:21am Jan 1, 2025 10:20pm | Edited Jan 2, 2025 12:21am
Can someone confirm .... Since when tradingview Add on on tradovate has become paid ????
THis is apex tradovate.....

It used to be free thats how i used connect data on tradingview.....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-01-01 at 11.18.49 PM.png Size: 76 KB
Extreme gut feeling trader
  • #45,838
  • Jan 1, 2025 10:35pm Jan 1, 2025 10:35pm
Quoting navk
{quote} For tax purposes, dubai is better place. I lived in Middle east for more than 20 years since I tuned 29. You can show income from trading as income earned from any source. However, hope you are aware that you can not show as second employment income because, you are not permitted to work legally for second employer I know there is no tax for employment income in whole of Middle east. However, you earn some Millions, and send money to home country, they will suspect you. You can send 10 to 15k dhs to your home country in a month... more than...
Thankyou very much, I will get back to you later on this for help regarding best & budget friendly place in Dubai.

But let me share some details which I get regarding Dubai.
2 BHK Flat rent is like 3000 $ per month (don't know its fully furnished or simple)
Internet Connection is like 200 $ per month
Electricity & Water Bill is like 100 $ per month
Other Bills which keep coming in Dubai I don't know how much they cost
Don't know about what place in Dubai all this info related to
Only cheap thing is Apple Products, Electronic Gadgets, Bikes, Cars etc


Most of the people including me are confused & needs clarification.
Think that Dubai is a country wherein it is NOT.
Dubai is a city, an emirate.
Dubai is one of the 7 emirates that forms United Arab Emirates(UAE).
The 6 other emirates are Abu Dhabi(Capital), Sharjah, Ajman, Fujairah, Umm Al Quwain and Ras Al Khaimah.

Saudi Arabia(Kingdom of Saudi Arabia-KSA) Is also a COUNTRY same like UAE.
Both are GCC(Gulf Cooperation Council) countries.

So, if I wanna go to UAE for trading income & to save tax.
I need not to find a house on rent in Dubai itself that will be too costly because Dubai is like 7-star place.
It is so popular & expensive & luxury that's why people just keep saying Dubai Dubai Dubai all the time.
There may be some budget friendly places as well in UAE. I wanna find those places. I wanna live in UAE but wanna live cheaply first until I adjust.
Because its not that easy to make money that we just spent all the money like that by gong to Dubai & pay all those 7-star expenses. Otherwise our main objective to save tax will be vanished in air because we are now spending a lot.
Even if I go to UAE, I want to remain focused towards trading & not just in thinking loop how will I pay all that 7-star expenses of Dubai.

So, guys, if you have been to different places in UAE, give information regarding that.
I know we cannot go to any country in the world without any purpose.
So purpose is to be defined. As I will not go there to travel, to job under some company.
So what to select as objective. As you all know I will go there to do trading income.
To receiving income earned from trading in UAE banks. So it will be called as income received in UAE & not liable to pay tax on that.

Also, another major benefit of UAE is that trading is all legal, crypto is all legal, there are lot of rules & regulation.
So no prop firm, no forex broker can cheat and think that the home country will not support if we make like 200k, 500k, 1M in trading profits.

So may be now you understand what's my purpose of moving to UAE.
I am not moving today, I am not moving tomorrow.
But I think I definitely have to move because I am gonna make big money from trading now that's for sure.
& I don't wanna be in a situation where some broker cheat or scam me because I am profitable & making money & they deny me & don't pay me out & then the home country will also create problem like from where you making so much money, pay 40% tax pay 50% tax, its illegal, its money laundering, I don't wanna be in that type of situations.


Intention is clear.
To do trading. To make profit. To receive profit with any problem. To safeguard & protect from the cheats of broker of not paying profits, denials.
To prevent tax. To live budget friendly. To send money back to home country to parents. To live with family in future years. To marry & then live with wife & have kids over there & also make them study in UAE. So my planning is very far ahead.
What if I can marry UAE girl, what will happen then, what about Visa, Green Visa, Nationality.
So you now understand what I want.. Hope somebody here will give me the best advice of my life.
Thanks in advance
  • #45,839
  • Jan 1, 2025 11:06pm Jan 1, 2025 11:06pm
Quoting genuine007
{quote} Thankyou very much, I will get back to you later on this for help regarding best & budget friendly place in Dubai. But let me share some details which I get regarding Dubai. 2 BHK Flat rent is like 3000 $ per month (don't know its fully furnished or simple) Internet Connection is like 200 $ per month Electricity & Water Bill is like 100 $ per month Other Bills which keep coming in Dubai I don't know how much they cost Don't know about what place in Dubai all this info related to Only cheap thing is Apple Products, Electronic Gadgets, Bikes,...
You can not marry local girl for visa purpose. Thier community do not allow, they are strict.

Abudhabi & Dubai are expensive for living. Great standard of living, Infact Dubai is modern city.Well constructed, maintained and fantastic. Can be compared to Singapore.

Cars are cheap, fuel cheap. Intertet, phone connections by Etisalat is bit expensive.

When I lived in Abudhabi, city centre, I paid 150 k dhs per year ( Approx 42k usd )for a three bedroom + 3 bath apartment.

For saving on rent, you should consider other Emirates ( Sharjah, Ras Al kheima, Um al quin, Alain etc )

Visa is always sponsored by Local companies, or locals. Family visas are sponsored by Husbands based on Income threshold.

One will find difficult to live in KSA, Qatar etc as rules are very strict.
Intraday only.
  • #45,840
  • Jan 1, 2025 11:31pm Jan 1, 2025 11:31pm
Quoting navk
{quote} You can not marry local girl for visa purpose. Thier community do not allow, they are strict. Abudhabi & Dubai are expensive for living. Great standard of living, Infact Dubai is modern city.Well constructed, maintained and fantastic. Can be compared to Singapore. Cars are cheap, fuel cheap. Intertet, phone connections by Etisalat is bit expensive. When I lived in Abudhabi, city centre, I paid 150 k dhs per year ( Approx 42k usd )for a three bedroom + 3 bath apartment. For saving on rent, you should consider other Emirates ( Sharjah, Ras...
I am also MUSLIM. I follow ISLAM & Prophet MOHAMMAD.
Still they will not allow me to marry local girl in UAE?
I am educated man, will make a lot of money, still they will not allow me to marry local girl in UAE?
Whatever property I will make it will all belong to me & that girl in UAE. Still they will not allow me to marry local girl in UAE?
Well, its not easy to marry when nobody knows you.
I think marriage can only happen if the girl's family got settled in UAE like 50-60 years ago & they were first living in your home country.
I think in that case marriage is possible.
Why I am thinking about marriage? Because I think it will give me lot of freedom to buy properties for good in UAE which we cannot buy on Visa.
Its just an idea of marriage that came to my mind that's why I wrote it here as I am un-married.
88 traders viewing now