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Vitore replied Nov 2, 2022Good summary and reviews but some info is incorrect or outdated. You always need to double check what you read there
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Vitore replied Nov 2, 2022I have but I don't like it so much as you cannot withdraw the profit if you choose to scale. Also, you can only have 3 open positions at the time with them. If you open 4th even by mistake you loose your account.
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Vitore replied Nov 2, 2022Yes, exactly. And that 320k is equivalent to almost 450k account with 10% DD
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Vitore replied Nov 2, 2022Actually they scale both. With every profit split they increase your DD by 1% up until 14% but they also put back the whole profit you made on your account as a balance increase. So your DD increases twice E.g. you start with 250k / 8% and make say ...
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Vitore replied Nov 1, 2022With the changes you propose your ratio definition comes close to what TrAndy1 describes in this post as 'Expectancy' Maybe you could reuse his formula so that your table can be directly compared with his tables as well?
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Vitore replied Oct 31, 2022The %ages are correct but they cannot be converted to fixed $ amount per lot - otherwise they would state it like that. It is x% of the USD volume traded so the instrument actual price comes to play every time the commission is charged. That's why I ...
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Vitore replied Oct 31, 2022E8 charges 0.01% rt of the traded volume on indices, eg. for US30 it is equivalent to additional 3.27 points to the spread for the total of over 5 points. MFF spread is about 1 point commission free Edit: you can open a trial account with E8 to see ...
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Vitore replied Oct 31, 2022As for the commissions - again, a great work, thanks! However, not all of us are focused on forex pairs only, for example I never traded them and currently I only trade indices. From the other prop firm discussions (Telegram and Discord) it seems ...
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Vitore replied Oct 31, 2022I don't know about Ment Funding but otherwise it is exactly like you describe
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Vitore replied Oct 31, 2022It is your option to choose between 100k ELEV8 for $888 and 250k E8 for $988
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Vitore replied Oct 31, 2022Correct. That's exactly how it works with FT+. The key difference to trading your own account is the starting balance. FT+ basically gives you the starting capital to trade on your own. That's why it may be attractive for some traders - it is ...
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Vitore replied Oct 30, 2022With FT+ there's no point is "scaling up" in the traditional sense. Though they offer scaling up the account, there's no reason for it unless you need it for the margin purpose (see further below). It's all about building your own increasing DD by ...
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Vitore replied Oct 30, 2022Yes it is way above average. It is much faster but much riskier as well. Here you have to earn 16% in 30 days vs. others asking for about 10% but in 3-4 months so in average it is only about 2.5% in 30 days. So in order to scale the ELEV8 account at ...
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Vitore replied Oct 30, 2022A great job indeed! Another view on the firms we discuss here with all the key parameters summarized in one sheet - thank you! Let me just share a few comments to the table contents: True Forex Funds - you can merge 2x 200k accounts to 400k (max ...
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Vitore replied Oct 29, 2022tax avoidance comes first to my mind, if you can spend it without transferring to fiat. Also, there's no barrier (eg. the bank) which could delay/decline the payment. In some countries it may be a relevant factor
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Vitore replied Oct 29, 2022Ok - if there's a calendar to which you can refer for the news priority level then I agree. It's still a dumb rule for me in principle but at least well defined, as you explained. Thanks for the info
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Vitore replied Oct 29, 2022This is a big no go for me as I don't want to get into situation when the platform is not working and I cannot close the trade/order in time and lose the whole funded account with a huge profit just because of such a dumb rule. Also, the impact of ...
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Vitore replied Oct 29, 2022It's +/-2min around the news time From their Discord: But once you receive the real account, as the market is extremely volatile during news times and also this is the most likely time when slippages can occur, you are restricted from opening and ...
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Vitore replied Oct 28, 2022Yes, E8 charges commissions. On indices it is 0.01% rt. Combined with their wider spreads it is as if your spreads (without commissions) were 5 points for US30, 4 for US100 and about 1.5 for US500. Which is quite expensive. In result, you pay ...
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