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- pipmaster77 replied May 7, 2021
It almost seems as if people are just grasping at straws to avoid using FTMO. It's like folks who voted for Biden simply because they didn't like Trump. Had no idea the policies he would be implementing and now that he is in, all of those folks ...
FTMO - For serious traders
- pipmaster77 replied May 7, 2021
The point we are making is the "500K buying power" is really a 5K account with 100:1 leverage. You can trade a 5k account with 100:1 leverage on your own and not paying a $275 monthly fee or give up any % of your profit. With FTMO (just an example) ...
FTMO - For serious traders
- pipmaster77 replied May 7, 2021
It is, those accounts are 2k, 3k and 5k and you pay every month for them. I honestly cannot even believe these companies have customers. Pay $275/mo for a 5k account, if I make 10%, that's $500 before the split. What?????
FTMO - For serious traders
- pipmaster77 replied May 6, 2021
I would say top 2 are FTMO and Enfoid, but MFF will move into the discussion once I see some big payouts.
FTMO - For serious traders
- pipmaster77 replied May 6, 2021
All I can say is just wow..... 500K in buying power with 100:1 leverage, that is some clever marketing. It's a 5K account!!!!!! For $275/month. Yeah, way better deal
FTMO - For serious traders
- pipmaster77 replied May 6, 2021
Since most countries regulation do not provide actual "protection", use an unregulated broker with 500:1, only keep what you are actual using on your current trades and the other 85-90% stays in your bank. You move in and out as required. Trader's ...
Prop Firm Hub
- pipmaster77 replied May 5, 2021
You're correct, $20K at 1:6 gives you 120K, where I would need 150:1. It's irrelevant though as in either scenario, you're trading $12/pip with a risk of ruin of $800, which would be 66.6 pips. I would hope neither user is using that full buying ...
Prop Firm Hub
- pipmaster77 replied May 5, 2021
OK, let's say you have $800 to lose with 5%ers, I have $800 in a personal account. We will say risk of ruin 20 trades, so 5 % per, or $40. I will be slightly higher, but we can ignore that fact. If using a stop loss of 20 pips, you are trading ...
Prop Firm Hub
- pipmaster77 replied May 5, 2021
No, if I pay $875 for $800 in allowed DD, my position sizes will actually be slightly larger in my personal account if I simply put the $875 to work there. The %5ers are requiring you to make $1400 with $800. If I do that in my personal account I ...
Prop Firm Hub
- pipmaster77 replied May 5, 2021
The fact still remains you are paying $875/$450, whatever and you can ONLY LOSE less than that and then they take 50% for giving you the "privilege" of funding your own account. We can debate this forever. If I have $800 to lose, whether that be my ...
Prop Firm Hub
- pipmaster77 replied May 5, 2021
When the fee is greater than the DD, put the "fee" in a personal account, you will exceed the "scaling" plan by stage 3. Despite the time pressure of challenge/ verification model, it's a way better deal. Example 5%ers....$875 for $800 in DD, ...
Prop Firm Hub
- pipmaster77 replied May 5, 2021
lol, let me pay $3,000 for $2,000 in DD.....where do I sign?
Prop Firm Hub
- pipmaster77 replied May 5, 2021
Exactly, if anything, these firms should be extending the time to hit the targets. It solidifies the nay-sayers points of these firms just being after fees. So let me go all-in on one trade, pass in a day and here is 100K. Highly unlikely they are ...
Prop Firm Hub
- pipmaster77 replied May 2, 2021
Just had a chat with buoy trade... they are white label of FTMO, 100K eval is $298 and they are not giving 70% split...only catch is there is a 45 day eval to make 10% before the challenge and verification, so it's a 3 step process. Cool thing is if ...
Prop Firm Hub
- pipmaster77 replied Apr 30, 2021
How about you open an account with Forex.com or Oanda or IG, which are my options in the US. Then after trading with them, come back and tell me how great the "regulators" in the US are. You don't live here, you don't trade here and you have no idea ...
Prop Firm Hub
- pipmaster77 replied Apr 30, 2021
I can't tell if you are serious half the time. That "list" consists of some of the shadiest brokers in the world. Yes, they are "regulated". It does not mean anything. Constant price spikes, frozen platforms. The conditions are atrocious, not to ...
Prop Firm Hub
- pipmaster77 replied Apr 29, 2021
Spreads are fantastic except for approx 1 hour after rollover.
FTMO - For serious traders
- pipmaster77 replied Apr 29, 2021
And the same thing happens when some inexperienced trader puts his money in an account with a broker..... dreams of riches, blowing one account after another. If your goal is to "save" the inexperienced trader, you really should be targeting the ...
Prop Firm Hub
- pipmaster77 replied Apr 29, 2021
Correct me if I'm wrong....but are these jobs where I must go into an office location? If so, we are now comparing two completely different things here.
Prop Firm Hub
- pipmaster77 replied Apr 29, 2021
Except for the fact I can put their fee in a personal account and have more $$$ by stage 3 than their "scaling" plan and not have to give up 50%. FTMO----10,000 DD for $640 5%ers--- $800 DD for $875 hmmmm..... can't decide
Prop Firm Hub