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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 navk
I am currently chatting with a person who traded 3 nos 150k account with ticticktrader.com He earned 7700 $ + in all three accounts. ( 23k + ) His payout request is denied. Lots of issues going in discord about this firm. Real scammers
He told me in chat that he is making a complaint in local police station, to use detective.

He got his money paid from FTT using detectives.

He is going to use same people.

If he is successful, he said he will share more details so that i can use too.
Intraday only.
Quoting deroty
{quote} I know you know all of them. FTMO is fine for forex. And importantly - Darwinex has no DD limit. Not only forex. Forum: https://www.forexfactory.com/thread/...win-discussion
There is no issue for me in trading. I like DD rules,

I am against some bad firms. Infact most seem to be bad firms,

Exeception : MFFU, TRADEIFY, TOPSTEP ( For futures )

FTMO ( For FX ).

This is my list only though.

As for, Darwinex, I felt i pay fees for peanuts, so i am off. May be good option on long term.
Intraday only.
Quoting deroty
{quote} I know you know all of them. FTMO is fine for forex. And importantly - Darwinex has no DD limit. Not only forex. Forum: https://www.forexfactory.com/thread/...win-discussion
The thread starter already off, I dunno why
Intraday only.
Quoting navk
{quote} FTMO and of course MFF were paying and paid me in the past. FXIFY paid me once. Now, I am out of all FX Prop firms And after 3 months practice with futures, my first payout req . 3k is denied by tickticktrades. I am now with futures elite. Currently have one 100 k funded account and one 100k eval account
From your posts it seems you don't have any interest left in props.
You must be trading personal accounts with multiple retail brokers.
One need props only to gain some capital to trade, once get, no need of props.
2 million funded, 3 million funded its just becoming trend, no use of 3 million funding if max drawdown is like 6% and daily drawdown 3% and profit share is like 60% to 80% and then waiting for withdrawal for a week etc etc. I never saw the rules becoming easy, they just becoming tough & tough, props are just going off the business each month.
Quoting navk
{quote} He told me in chat that he is making a complaint in local police station, to use detective. He got his money paid from FTT using detectives. He is going to use same people. If he is successful, he said he will share more details so that i can use too.
If you are really successful & crushing futures prop, why you doing trading in prop firms?
You can simply start trading regulated futures retail brokers. Then you don't need to file FIR, detectives, etc
Props are not for traders, props are for failure traders who wanna gamble small fees.
Quoting genuine007
{quote} If you are really successful & crushing futures prop, why you doing trading in prop firms? You can simply start trading regulated futures retail brokers. Then you don't need to file FIR, detectives, etc Props are not for traders, props are for failure traders who wanna gamble small fees.
Props are Alpha.
If you want to win in this game, concentrate on yourself. Everything else is irrelevant.
Quoting navk
{quote} The thread starter already off, I dunno why
I have 3 paid accounts with Darwinex (paid yearly.) And in the next 2 months I will purchase 3 more.Annual payment is attractive and there is a discount.
Quoting deroty
{quote} I have 3 paid accounts with Darwinex (paid yearly.) And in the next 2 months I will purchase 3 more.Annual payment is attractive and there is a discount.
They now offer instant allocations as well, with no target. $1,045 for 100K. 100K with a performance fee of 15% is EXACTLY the same as a 15K personal account with 100% split. All of the math talk and spreadsheets we have had previously in this thread if you make 8% with the prop and then 5% your personal account would be xxx vs. what you get with the prop.

This one is pretty straightforward, $1,045 for 15K with the buying power of 100K. In addition to the potential seed allocations which are pretty simple to hit 30K, 3 month roll, so 90K, with 15 % split, so like another $13,500. In 3 months you'll pay approx $120 in sub fees. Of course, there is also the investor capital, which is more of an 18 month + long game but could be pretty substantial.

So pay $1,165, earn 2% for 3 months, it will equal trading a 15K account immediately and $28,500 after 3 months.

Yes, it is only $600-900 month initially if 2-3% monthly, but there is no limit on the permanent allocations, just need a different account and user name for each.
It may seem like peanuts, but obviously the odds are much greater of earning 2% with no DD limit, consistenctcy, news rules, max risk, etc. Yes, over risking will penalize you, but no need as we are only aiming 2% monthly vs. all the over risking to hit targets and all of the rules and restrictions of your traditional prop.

The best part is you are 10,000% more likely to actually get your payout.

Pretty certain traders getting paid at Darwinex will be much greater than the 2% that reach payouts with the casino props.
Quoting Takisd
{quote} Right so risk engine will take a position that is a "tall poppy" position size and cut it down.
Yes. Of course, works inversely as well. You know from previos discussions, how risk adverse my trading is.....my risk engine at Darwinex currently sits at 1.48, so I earn 1.48% on my allocations for every 1K I earn on my 100K account.

You working on something?
Quoting pipmaster77
{quote} Yes. Of course, works inversely as well. You know from previos discussions, how risk adverse my trading is.....my risk engine at Darwinex currently sits at 1.48, so I earn 1.48% on my allocations for every 1K I earn on my 100K account. You working on something?
Not me, someone else wanted some help. They already built a scoring system that in testing is quite robust but one of the questions is always the deviations. The scoring eliminate a lot of the prop nonsense (copy hedge etc) but the real question is always order flow and how to make it go into a nice little package for execution.

If there were no rules and just a scoring system it seems like an easier to please everyone system but at the same time pleasing no one because to do that the risk must be managed. Its very easy to get torn between what is a good idea and what will make retail traders who think they can trade - but can't - purchase an account.

alternatively a fair scoring system based on risk - and a 1 payout cap if high risk rule would probably be good and breed more successful trading over time. So if you think about 2 phase program - risk score - funded, if risk = high, 1 payout and bye bye. If risk is medium some other condition (leverage cut or soemthing) if risk is low, carry on.
My TFT account Also Close last year and this year they give me Back.
Quoting Takisd
{quote} Not me, someone else wanted some help. They already built a scoring system that in testing is quite robust but one of the questions is always the deviations. The scoring eliminate a lot of the prop nonsense (copy hedge etc) but the real question is always order flow and how to make it go into a nice little package for execution. If there were no rules and just a scoring system it seems like an easier to please everyone system but at the same time pleasing no one because to do that the risk must be managed. Its very easy to get torn between...
Personally, at this point in the "get funded" game after what I have experienced and all of the developments of the past 12-18 months......I am only looking for long-term relationships. I am looking for the model I can still be trading in 5 years and gaining more AUM as I go along.
Sure, getting a big payout is great, but if hit and run, then you need another firm on deck to do the same.
The two factors here are 1. I'm a pretty decent trader and 2. I'm getting too old to not be looking long term.
Quoting pipmaster77
{quote} Personally, at this point in the "get funded" game after what I have experienced and all of the developments of the past 12-18 months......I am only looking for long-term relationships. I am looking for the model I can still be trading in 5 years and gaining more AUM as I go along. Sure, getting a big payout is great, but if hit and run, then you need another firm on deck to do the same. The two factors here are 1. I'm a pretty decent trader and 2. I'm getting too old to not be looking long term.
there is a bit of an innovation rush going on in the background but not from people who we would expect to be innovating.
Quoting pipmaster77
{quote} Personally, at this point in the "get funded" game after what I have experienced and all of the developments of the past 12-18 months......I am only looking for long-term relationships. I am looking for the model I can still be trading in 5 years and gaining more AUM as I go along. Sure, getting a big payout is great, but if hit and run, then you need another firm on deck to do the same. The two factors here are 1. I'm a pretty decent trader and 2. I'm getting too old to not be looking long term.
Do you have smooth equity curve?
Quoting solarpower
{quote} Do you have smooth equity curve?
On personal accounts, yes. On first darwinex, yes until I stupidly got aggresive and took it to the point of starting over.
On props, of course not.
Quoting pipmaster77
{quote} On personal accounts, yes. On first darwinex, yes until I stupidly got aggresive and took it to the point of starting over. On props, of course not.
What is your average trade duration, interested
Quoting solarpower
{quote} What is your average trade duration, interested
I'll gather the exact info later, don't have time right now. It is different depending on account.
Personal account, I only trade futures, so more of a day trader, due to margin requirements, 10 minutes to 6 hours, obvioulsy more 10 minute trades vs. a runner I may hold all day. So will be skewed to the shorter side. I also tend to keep more of my trading roll in my own bank and only hold 2-3 times the requirment for my trading week.....simply because funds are not protected in the USA. I know futures are heavily regulated, still no protection on that small chance of something bad.

Props, once again, futures only, but even shorter durations, due to limited and trailing DD.

Darwinex, trade multiple assets, still day trade indices, but also swing forex and indices, due to the extremely low risk vs. available margin. Will be (acurately) skewed higher here.
Quoting pipmaster77
{quote} They now offer instant allocations as well, with no target. $1,045 for 100K. 100K with a performance fee of 15% is EXACTLY the same as a 15K personal account with 100% split. All of the math talk and spreadsheets we have had previously in this thread if you make 8% with the prop and then 5% your personal account would be xxx vs. what you get with the prop. This one is pretty straightforward, $1,045 for 15K with the buying power of 100K. In addition to the potential seed allocations which are pretty simple to hit 30K, 3 month roll, so 90K,...
Pay $1,045 for instant allocation and $516 for a yearly subscription fee, totaling $1,561. If earning a 3% monthly profit, compounded annually, this amounts to 43% or $43k. The performance fee on this would be 15% × $43k = $6.45k, minus the $1.56k fee, leaving $4.89k over twelve months or $408 per month. I don’t think this offer is better than forex prop firms, but the goal of reaching a $1M AUM (Assets Under Management) from investors might be achievable in the future. Good Luck.
And, behold, with every hardship comes ease:
Quoting RoelsMajor
{quote} Pay $1,045 for instant allocation and $516 for a yearly subscription fee, totaling $1,561. If earning a 3% monthly profit, compounded annually, this amounts to 43% or $43k. The performance fee on this would be 15% × $43k = $6.45k, minus the $1.56k fee, leaving $4.89k over twelve months or $408 per month. I don’t think this offer is better than forex prop firms, but the goal of reaching a $1M AUM (Assets Under Management) from investors might be achievable in the future. Good Luck.
Compared to a 2 step forex challenge:

So, using a realistic goal of 2.5% per month and assuming you get 200K 2 step prop challenge for the same $1,045 (give or take a few bucks)
It will take 4 months to earn 10% and pass phase 1, it will take another 2 months to pass phase 2, and let's say paid 2.5% at 80% in 7th month......7 months to earn 4K.

Darwin instant 100K, 7 months earning 2.5% at 15% is $2,625. However, if earning 2.5%, you'd be getting 30K seed from month 2 on, so by month 4 you are trading an additional 90K, so an additional $1,687 totalling $4,312.

So, not only does it earn you an additional $312, now facor in the 200K has a 20K (10%) max loss limit, exceed it and done, Darwinex no such thing. No news rules, no max position size (within magin), no consistencty........and the biggie YOU HAVE A 99%+ CHANCE of getting paid, without account reviews, video interviews and every other possible reason to deny your payout.

So, yes, of course, on the surface, the casino prop looks more appealing as the marketing is 100% designed to make it look that way.

Of course, if you are a higher risk, YOLO type of trader, it will cost you more as you will take multiple challenges and the higher you risk, the more than forex prop is not going to like you. They like the high risk in the eval, but not once they fund you.

It truly comes down to "real" trading vs. high leverage, high risk, unsustainable trading.

True test, copy FTMO 200K to a Darwinex account and see the results.......6 months, 1 year, 2 years....it would be an interseting experiment for someone to take on.
  • #46,760
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  • Edited 2:15pm Feb 9, 2025 12:54pm | Edited 2:15pm
Quoting pipmaster77
{quote} Compared to a 2 step forex challenge: So, using a realistic goal of 2.5% per month and assuming you get 200K 2 step prop challenge for the same $1,045 (give or take a few bucks) It will take 4 months to earn 10% and pass phase 1, it will take another 2 months to pass phase 2, and let's say paid 2.5% at 80% in 7th month......7 months to earn 4K. Darwin instant 100K, 7 months earning 2.5% at 15% is $2,625. However, if earning 2.5%, you'd be getting 30K seed from month 2 on, so by month 4 you are trading an additional 90K, so an additional...
Why compare it to a 2-step model when it should be a 1-step? Darwinex is inherently a 1-step system. It’s designed for long-term growth, so any comparison should use the same timeframe (e.g., months) for fairness. I avoided now call prop firms specifically as "gambling" or "casino-like" because all trading—whether forex, futures, indices, stocks, or derivatives—is fundamentally speculative. There’s no escaping that reality. This isn’t just my opinion. I’ve already dissected the history of financial speculation in my thread, citing work by physicist Dr. Ole Peters on how markets mathematically mirror gambling frameworks. https://ergodicityeconomics.com/2024...s-a-history-2/

Now lets see Cost and Profit Calculation: Darwinex vs. E8 Forex Pro (4-Months Period)

Darwinex

  1. Total Cost: $1,045 ($100K allocation)+ $172 (4-month subscription fee) = $1,217.
  2. Profit Target: 16% over 4 months (equivalent to 3.78% monthly compounding).
  3. Total Profit: 16% of 100K= $16,000
  4. Trader’s Share: 15% of $16,000 = $2,400 / 4 months = ($600/month).
  5. After cost = $295,75 per month

E8 Forex Pro

  1. Total Cost: $426 ($100K account fee).
  2. Profit Requirements:

    1. Challenge Phase: 8% profit.
    2. Funded Phase: Additional 8% profit.
    3. Total Target: 16% over 4 months.

  3. Total Profit: 8% of 100K= $8,000.
  4. Trader’s Share: 80% of 8,000 = $6,400 / 4 months = ($1,600/month).
  5. After cost = $1493,50 per month

Both carry risks of failure. For Darwinex, failure occurs if you sustain losses for four consecutive months although you can rise again anytime you like; for E8 Pro, it triggers if you hit an 8% drawdown. This makes the comparison proportional.

And, behold, with every hardship comes ease:
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