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  • #4,461
  • Feb 21, 2026 7:00am Feb 21, 2026 7:00am
Quoting montygoldy
{quote} Is it rise issue???
Not sure. I haven't withdrawn much using Rise this year. Just 5k last Sunday and 3k plus in January. They arrived within minutes of request.
  • #4,462
  • Feb 21, 2026 7:12am Feb 21, 2026 7:12am
Quoting driven18
{quote} The fact that you have to explain this to imbeciles ...well, let me try it ..props really are the bucket shops of the yesteryears, I been a partner in one, eventually we/they going to rip you off and get all your sucka money. One caveat, unless you are Monty...he knows how to, I am surprised he is still not blacklisted yet..props to Monty, unless all his bullshit is a..(your guess could be correct)
Maltrader seems to fair pretty well with the props as well, but yes few and far between.....I am about to have 3 Gold Darwins, 1 there, 2 within 2% and I cannot beat the futures props....did well with the FTMO and MFFs of yesteryear, but that is static DD.
Trailing DD on their part is ingenious...it's why all the CFD firms come out with the 1-step eval with trailing DD....they lure you with the 1 step knowing the failure rate will actually be much higher.
Every futures eval and/or live account I blow is ACTUALLY IN PROFIT when breached....No, how dare you use profit you have already earned as part of your DD...it's fucking crazy when you really think about it.
You need to have scalper skills, only skill set that works in the futures props. I, self-admitingly, do not.
  • #4,463
  • Feb 21, 2026 7:52am Feb 21, 2026 7:52am
Good Deal. There Flex plan is very good.
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Drawdown is more important than Account Size !
  • #4,464
  • Edited 8:22am Feb 21, 2026 8:11am | Edited 8:22am
Quoting pipmaster77
{quote} Maltrader seems to fair pretty well with the props as well, but yes few and far between.....I am about to have 3 Gold Darwins, 1 there, 2 within 2% and I cannot beat the futures props....did well with the FTMO and MFFs of yesteryear, but that is static DD. Trailing DD on their part is ingenious...it's why all the CFD firms come out with the 1-step eval with trailing DD....they lure you with the 1 step knowing the failure rate will actually be much higher. Every futures eval and/or live account I blow is ACTUALLY IN PROFIT when breached....No,...
In our bucket shop, suckas(traders) were bringing tickets with written orders to the trading window, we accepted the tickets and knowing that all will be losers, orders never went to the markets. So we betted against our own traders and very rarely we paid any profit. Most of the people were gone within 1-3 months and new suckas continued on the same path.

In the meantime profits were rolling in for the bucket shop. All was legit, we just knew there was no reason to send trades to the market, the statistics that 95% of people are losers is totally correct.

Pip, you doing it the right way, congrats on your results.
  • #4,465
  • Feb 21, 2026 8:29am Feb 21, 2026 8:29am
Just to make a point, I been trading live and very profitable for the last 5 years and here is an equity line for this week for one of the strategy that I trade, +4.5%.....prop account would of been blown somewhere in the circled area.
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  • #4,466
  • Feb 21, 2026 8:29am Feb 21, 2026 8:29am
Quoting Expo33
{quote} Code?
Search X for Lucid (flash) sale, plenty of codes, I´m not sure I can drop them here.
Markets will move to the right.
  • #4,467
  • Feb 21, 2026 8:40am Feb 21, 2026 8:40am
Quoting driven18
Just to make a point, I been trading live and very profitable for the last 5 years and here is an equity line for this week for one of the strategy that I trade, +4.5%.....prop account would of been blown somewhere in the circled area. {image}
and even better, if you give back that 4.5%, WHICH YOU HAVE ALREADY EARNED, that will breach the prop account as well, even though technically you're at BE.
  • #4,468
  • Feb 21, 2026 10:59am Feb 21, 2026 10:59am
Anyone here from UK who can enlighten me regarding UK tax on prop firm profits, VAT etc?
  • #4,469
  • Feb 21, 2026 3:47pm Feb 21, 2026 3:47pm
Quoting sheva89
Anyone here from UK who can enlighten me regarding UK tax on prop firm profits, VAT etc?
It's down to the prop to charge VAT.

Nearly all don't and are therefore they are breaking the law no matter where they are based, but that's on them. When HMRC / EU realise they're owed tens of millions, they may take action on this. Big risk area for most props.

You're a contractor so it's taxed as normal income tax rates via your self-assessment.

If you're structured as a business it would be different.
  • #4,470
  • Feb 21, 2026 6:14pm Feb 21, 2026 6:14pm
Quoting Alys.Prynne
{quote} Anti money laundering regulations (or banks’ excess caution over them), maybe: some prop firms are perhaps so shady that banks just won’t accept transfers to/from them.
in canada they are treating it as capital gains tax… and will be added to my income as an individual….
Extreme gut feeling trader
  • #4,471
  • Feb 21, 2026 6:52pm Feb 21, 2026 6:52pm
Quoting montygoldy
{quote} yes i am not a champion that i'll purchase one and get payouts.... Yes i blow evals and funded and even live accounts as well.... But the thing is i dont do shady practise. On funded always 1mini and 1 trade at time.....
Yeah I wasn't implying you were shady in any way.

Just thinking how much a prop could realistically mitigate your risk.
  • #4,472
  • Feb 21, 2026 7:46pm Feb 21, 2026 7:46pm
Quoting procrude
Good Deal. There Flex plan is very good. {image}
Hey procrude, do you have funded acct with them? The reviews appear relatively positive at face value. Anyone else that has experience with them feel free to jump in.
cheers
  • #4,473
  • Feb 21, 2026 9:56pm Feb 21, 2026 9:56pm
Quoting DwnUndrTrdr
{quote} Hey procrude, do you have funded acct with them? The reviews appear relatively positive at face value. Anyone else that has experience with them feel free to jump in. cheers
You mean Lucid they are legit nearly 60K++ payouts from them.... They have the fastest approval to money in the bank, like in minutes
Extreme gut feeling trader
  • #4,474
  • Feb 21, 2026 10:13pm Feb 21, 2026 10:13pm
Quoting montygoldy
{quote} You mean Lucid they are legit nearly 60K++ payouts from them.... They have the fastest approval to money in the bank, like in minutes
Thanks Monty!
Cheers
  • #4,475
  • Feb 21, 2026 10:28pm Feb 21, 2026 10:28pm
Quoting DwnUndrTrdr
{quote} Hey procrude, do you have funded acct with them? The reviews appear relatively positive at face value. Anyone else that has experience with them feel free to jump in. cheers
Got a total of 74k net from them within 2 months, but I'm frozen out until they say OK.
  • #4,476
  • Feb 21, 2026 10:44pm Feb 21, 2026 10:44pm
Quoting PropDude1234
{quote}It's down to the prop to charge VAT. Nearly all don't and are therefore they are breaking the law no matter where they are based, but that's on them. When HMRC / EU realise they're owed tens of millions, they may take action on this. Big risk area for most props. You're a contractor so it's taxed as normal income tax rates via your self-assessment. If you're structured as a business it would be different.
Thank you, I’m really new to this area and don’t want to make any mistakes.

With regards to income tax rates via self assessment, do I pay the tax on profits or (profits - expenses which is evaluation costs).
  • #4,477
  • Feb 22, 2026 12:48am Feb 22, 2026 12:48am
Quoting maltrader
{quote} Got a total of 74k net from them within 2 months, but I'm frozen out until they say OK.
Nice! Obviously the current freeze is pause for concern but you have achieved a nice RoR before they shut you down
  • #4,478
  • Feb 22, 2026 5:00am Feb 22, 2026 5:00am
Quoting DwnUndrTrdr
{quote} Nice! Obviously the current freeze is pause for concern but you have achieved a nice RoR before they shut you down
Yeah, enough to fund my personal account. I can't recommend them enough. It's a really good firm so far. No bullshit on payouts so far.
  • #4,479
  • Feb 22, 2026 6:00am Feb 22, 2026 6:00am
Quoting maltrader
{quote} Yeah, enough to fund my personal account. I can't recommend them enough. It's a really good firm so far. No bullshit on payouts so far.
Thanks, appreciate it. Majority of my trading is personal account as well. Monty’s and your experience indicates it’s worthwhile.
Thanks again, and continued success to you
  • #4,480
  • Feb 22, 2026 7:19am Feb 22, 2026 7:19am
Quoting sheva89
{quote} Thank you, I’m really new to this area and don’t want to make any mistakes. With regards to income tax rates via self assessment, do I pay the tax on profits or (profits - expenses which is evaluation costs).
If you're a business you can deduct it as an expense.

It'd be worth taking some formal advice when it comes to tax time if you're unsure as I'm not qualified etc to give tax advice.
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