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ActualTraders-we provide you with the capital for trading!

  • #41
  • Apr 13, 2017 10:58pm Apr 13, 2017 10:58pm
Be careful! Look at the parameters,understand and ask how they get their money. How much of it comes from deposits? A stop loss of 1000 with a max position of 50 lots and a target of 3000. It doesn't match and it suckers people in to blow out the pay to play demo accounts. Another skeptical trader scheme I tried out. A hamster wheel made to get deposits.
  • #42
  • Apr 14, 2017 4:44am Apr 14, 2017 4:44am
Thank you for your comments. We agree that traders need to understand our risk management rules and trade risk management in general.
The max position is exactly what it says, the maximum allowed. We do not require nor encourage people to use it unless they're in a position when it's appropriate.
With regards to the daily loss and overall profit target, these are not meant to be used as one position's SL/TP.
  • #43
  • Apr 14, 2017 6:05am Apr 14, 2017 6:05am
The max position should be the max loss of the account not 500 times the account loss.
  • #44
  • Apr 15, 2017 6:57am Apr 15, 2017 6:57am
And just notes to future traders who read this. Get as much information as possible about a so called firm before sending money to any of these places, especially for a simulated account. My bank shut my card down when I last did a transaction. It was flagged. I came across this site because it was a paid advert on Google
http://www.scamadviser.com/is-actual...fake-site.html
  • #45
  • Edited 10:26am Apr 15, 2017 9:32am | Edited 10:26am
We encourage feedback and constructive criticism. However, insinuating that we are running some sort of scam, especially without any proof whatsoever, we will not dignify by getting into a tit for tat discussion. We're sorry that our test didn't work out for you and hope that you will find a more suitable way of trading for yourself.

Below a short description / reminder of how our service works:
We are looking for traders in the need of capital who are willing to make a serious effort.
To show off their trading skills, we provide a simulated market environment test (the "TraderTryOut") with an objective set of risk management rules and goals that the trader needs to comply with in order to be allowed to trade our money.
Do we claim that it is easy to pass the TraderTryOut test? No we do not. However, it is not impossible either.
More info can be found here: https://www.actualtraders.com/trading-plans

Cheers,

Mika
  • #46
  • Apr 15, 2017 1:21pm Apr 15, 2017 1:21pm
Quoting AT-Mika
We encourage feedback and constructive criticism. However, insinuating that we are running some sort of scam, especially without any proof whatsoever, we will not dignify by getting into a tit for tat discussion. We're sorry that our test didn't work out for you and hope that you will find a more suitable way of trading for yourself. Below a short description / reminder of how our service works: We are looking for traders in the need of capital who are willing to make a serious effort. To show off their trading skills, we provide a simulated market...
Hello,

Is it possible for you to show us statistics on how many funded traders you currently have, and how many more you will be able to fund in the near future, unfortunately I have not seen any proof of your funding pot or actual live traders, just honest questions.

Thank You,
Potential Client
  • #47
  • Apr 15, 2017 2:19pm Apr 15, 2017 2:19pm
I have no proof of anything, you are right Mika,other than my experience, what I am saying paid demos are suspect and for people to be diligent. In my opinion pay for simulations are kind of shifty and I am allowed to be a skeptic and question. Ever since Topstep there have been one after another of these pay me to trade a demo and I'll fund you but the parameters don't match , so to question and ask for facts is healthy. I just question if there are trillions in the market, then why so many are focused of getting money from others instead of focus on taking money out of the market.
  • #48
  • Apr 15, 2017 2:32pm Apr 15, 2017 2:32pm
A 1:1 ratio as your site suggest, people are getting a half a million dollars to trade with a stop loss of 1k a day or 2k total. Tell me this is a match. No! Another way is if I put up 1500 on a broker and get 500:1, then why am I giving a place hundreds to trade a demo with you with unrealistic set of parameters. Not saying that someone can't hit the goal, but it makes it harder and makes trading even harder. Why not say "Pay me a set up fee and I'll set you up with some leverage and make some money and we will split it" Instead of "pay me hundreds and I'll make trading much more difficult for you and when you can't make it pay me more and by the way, it's a demo. Doesn't make sense.
  • #49
  • Apr 15, 2017 5:43pm Apr 15, 2017 5:43pm
Quoting AT-Mika
We encourage feedback and constructive criticism. However, insinuating that we are running some sort of scam, especially without any proof whatsoever, we will not dignify by getting into a tit for tat discussion. We're sorry that our test didn't work out for you and hope that you will find a more suitable way of trading for yourself. Below a short description / reminder of how our service works: We are looking for traders in the need of capital who are willing to make a serious effort. To show off their trading skills, we provide a simulated market...

Also, I am not in a tit for tat with anyone and I don't care if you respond. It's about bringing awareness to others to seek out hard facts,numbers, statements, public audits and proof of concept before depositing hard earned money into trading demos.
  • #50
  • Edited 5:42am Apr 16, 2017 5:27am | Edited 5:42am
Quoting 4xtrader2003
{quote} Hello, Is it possible for you to show us statistics on how many funded traders you currently have, and how many more you will be able to fund in the near future, unfortunately I have not seen any proof of your funding pot or actual live traders, just honest questions. Thank You, Potential Client

As a new business we don't have enough of a sample yet to provide meaningful statistics - in the future we may provide such data. However to try to answer your question, we don't expect the number of those who pass, at least at their first attempt, to be much higher than 10-20% as most retail traders fail in the beginning. We are backed by serious investors who are committed to growing the business with us, and thus it will not be an issue for us even if there were hundreds of those who pass the test and get to trade for real.
  • #51
  • Edited 5:50am Apr 16, 2017 5:31am | Edited 5:50am
Quoting TraderThomas
{quote} Also, I am not in a tit for tat with anyone and I don't care if you respond. It's about bringing awareness to others to seek out hard facts,numbers, statements, public audits and proof of concept before depositing hard earned money into trading demos.

Thank you for your feedback. Agree with most of what you say. Only thing we don't agree with is that this would be trading demo. Unlike free demo accounts, including our free trial, our TraderTryOut tests have rules and goals, and give the trader a chance to earn the right to trade our money. So we disagree with "having to pay for trading a demo".
  • #52
  • Edited 5:57am Apr 16, 2017 5:37am | Edited 5:57am
Quoting TraderThomas
A 1:1 ratio as your site suggest, people are getting a half a million dollars to trade with a stop loss of 1k a day or 2k total. Tell me this is a match. No! Another way is if I put up 1500 on a broker and get 500:1, then why am I giving a place hundreds to trade a demo with you with unrealistic set of parameters. Not saying that someone can't hit the goal, but it makes it harder and makes trading even harder. Why not say "Pay me a set up fee and I'll set you up with some leverage and make some money and we will split it" Instead of "pay me hundreds...

Thank you for your feedback Thomas.
As stated before, we don't encourage nor advice people to use the maximum position size in most cases. There are, however, instances when a skillful trader can use big position size to his advantage without increasing the overall risk to his principal capital (barring any unforeseen events leading to price gaps etc. of course). For example a trader who has made 300$ during the day may decide to risk this 300$ with a 300k position and a 10 pip stop etc.
With regards to "Pay me a set up fee and I'll set you up with some leverage and make some money and we will split it", this is something we have actually been thinking about, and we may come back to this soon.
  • #53
  • Apr 16, 2017 7:06am Apr 16, 2017 7:06am
Quoting AT-Mika
{quote} Thank you for your feedback. Agree with most of what you say. Only thing we don't agree with is that this would be trading demo. Unlike free demo accounts, including our free trial, our TraderTryOut tests have rules and goals, and give the trader a chance to earn the right to trade our money. So we disagree with "having to pay for trading a demo".

It's not real. Not real money lost to the market. I want make or lose to the market. The tryout is not real and the rules don't match! The max position size is out of proportion and it does encourage loss because statistically no one can sustain putting that much on with such tight limits, even if the account was brought up to more money. A few bad trades and it becomes next to impossible to recover because of the limits. The limits make it a huge disadvantage I lost money to a simulator, there is nothing about it that has a real feel at all.
  • #54
  • Apr 16, 2017 7:31am Apr 16, 2017 7:31am
Thank you for your comments. We think that trading without limits is simply reckless gambling.
"A few bad trades and it becomes next to impossible to recover" - this is the reality of all trading. All it takes for even the best trader without limits (i.e. risk management rules) to wipe out his entire account or more, is one bad trade. Not even a few.
With regards to "real feel", we have tried to make it feel as real as possible without trading real money in the test: a bit of skin in the game (monthly fee), real-time price-feed with VWAP based simulated execution etc.
  • #55
  • Apr 16, 2017 7:47am Apr 16, 2017 7:47am
Quoting AT-Mika
Thank you for your comments. We think that trading without limits is simply reckless gambling. "A few bad trades and it becomes next to impossible to recover" - this is the reality of all trading. All it takes for even the best trader without limits (i.e. risk management rules) to wipe out his entire account or more, is one bad trade. Not even a few. With regards to "real feel", we have tried to make it feel as real as possible without trading real money in the test: a bit of skin in the game (monthly fee), real-time price-feed with VWAP based simulated...

You aren't listening and you just repeat the same thing. The limits don't match the max. And it's not real $. The only thing that matters in the game is what you make in real money, not simulation. The bottom line is real $. Skin in the game is real $ on a real market. There are no ECN brokers in the US anymore, so one has to resort to these combine schemes or trade other markets.
  • #56
  • Apr 16, 2017 7:59am Apr 16, 2017 7:59am
Quoting AT-Mika
Thank you for your comments. We think that trading without limits is simply reckless gambling. "A few bad trades and it becomes next to impossible to recover" - this is the reality of all trading. All it takes for even the best trader without limits (i.e. risk management rules) to wipe out his entire account or more, is one bad trade. Not even a few. With regards to "real feel", we have tried to make it feel as real as possible without trading real money in the test: a bit of skin in the game (monthly fee), real-time price-feed with VWAP based simulated...

You are not coming up with any hard evidence to support yourself.
  • #57
  • Apr 16, 2017 8:05am Apr 16, 2017 8:05am
Actually I am listening :-)
Anyway, i guess we both repeat the same things which makes the continuation of this discussion unfruitful.
I would like to ask you though (genuine question): what kind of trading limits (real money) would you be happy with for a setup fee or monthly fee of for example 200$? (going back to your earlier suggestion "Pay me a set up fee and I'll set you up with some leverage and make some money and we will split it").
  • #58
  • Apr 16, 2017 8:17am Apr 16, 2017 8:17am
Quoting AT-Mika
Actually I am listening :-) Anyway, i guess we both repeat the same things which makes the continuation of this discussion unfruitful. I would like to ask you though (genuine question): what kind of trading limits (real money) would you be happy with for a setup fee or monthly fee of for example 200$? (going back to your earlier suggestion "Pay me a set up fee and I'll set you up with some leverage and make some money and we will split it").

I have only found one that does it, Blueprint Capital but they have there own issues like limiting the trades to 5 trades only, but I think they are going to change that. The fee is 100 for 25k capital with 10% total loss limit or 50k for 300 a month with 10% max loss. But basically its a 2500 or 5000 account in reality because I could do the same with my own money. After 6 months to a year of paying a 100 or 300, I could have the money myself. This is the point. Money lost to simulation is where people start to turn from these.
  • #59
  • Apr 16, 2017 8:20am Apr 16, 2017 8:20am
Quoting TraderThomas
{quote} I have only found one that does it, Blueprint Capital but they have there own issues like limiting the trades to 5 trades only, but I think they are going to change that. The fee is 100 for 25k capital with 10% total loss limit or 50k for 300 a month with 10% max loss. But basically its a 2500 or 5000 account in reality because I could do the same with my own money. After 6 months to a year of paying a 100 or 300, I could have the money myself. This is the point. Money lost to simulation is where people start to turn from these.

If I start giving you money every month and I have nothing, then I am going to question my sanity and the legitimacy of the operation, naturally!
  • #60
  • Apr 16, 2017 8:26am Apr 16, 2017 8:26am
Quoting TraderThomas
{quote} I have only found one that does it, Blueprint Capital but they have there own issues like limiting the trades to 5 trades only, but I think they are going to change that. The fee is 100 for 25k capital with 10% total loss limit or 50k for 300 a month with 10% max loss. But basically its a 2500 or 5000 account in reality because I could do the same with my own money. After 6 months to a year of paying a 100 or 300, I could have the money myself. This is the point. Money lost to simulation is where people start to turn from these.
So, basically (if i understand it correctly ?), one would be allowed to lose 2500$ for a fee of 100$? Doesn't sound right to me.
Guess there has to be some other criteria too.
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