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Anyone trading with a Prop firm 31 replies

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  • #23,441
  • Oct 2, 2023 7:07am Oct 2, 2023 7:07am
Quoting Tovip
{quote} I am currently trading with a funded FTMO account. Payout has been quick. I withdraw through wire transfer. The money is usually in my account by the next working day or the day after. I was a bit annoyed that they processed my first payout and refund at different times, the latter being a few working days later. But then I found out it's kinda my fault since I forgot I paid for the challenge with bank wire, so they couldn't refund me through the visa card refund method. My payout never exceeds 4 figures so I cannot speak for any amount...
"Maybe English isn't their native language? I don't know."

Czech Republic
every Saint has a past. Every Sinner has a Future
  • #23,442
  • Oct 2, 2023 7:16am Oct 2, 2023 7:16am
Quoting genuine007
{quote} 250k e8 phase1 failed god is really very unfair who needs it, he not giving it to them and to others he is giving multiple luxury cars and mansions {image}
I would have placed a short on the retest of the trendline.
Change your mind set and dont cry for a failure. Next time buy a smaller challenge and practice. Drowdowns happen, but at the highlighted point you should have stopped and thought about what is happening. I don't understand why you all have this obsession with becoming funded in a week. There are no more time limits, take it easy, use 0.5 lots rather than 2/3 lots.

Good luck friend, learn to lose in life because it will happen often
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~ Keep on movin' ~
  • #23,443
  • Oct 2, 2023 7:18am Oct 2, 2023 7:18am
Quoting Takisd
{quote} True. I am not buying / trading accounts from prop firms right now.
Save up a mere $1000 and trade Micro Futures ( Look them up on the CME website.) This is to allow breathing room for losses and to keep you from biting your nails.
The likes of AMP Futures and Tradovate require only $50 margin for the Micros.

If you cannot afford to risk $1000 then don't risk your hard earned cash or benefits on trading. Scared money never wins. Obviously this doesn't apply to you but some guy, above this post, blames God for his self inflicted misfortunes brought about by his character defects.
Good luck
every Saint has a past. Every Sinner has a Future
  • #23,444
  • Oct 2, 2023 7:29am Oct 2, 2023 7:29am
Quoting Takisd
{quote} Dont conflate two things just because one might "know better". Everyones life and life experiences are different. Trying to throw everyone into a box is one of the reasons we live in this dystopian nightmare we call earth. I for one believe in a world where we are all frolicking naked and eating fruit from trees and hunting deer. Still waiting on that nuclear Armageddon to happen so I can get back on track.
You live in warm climes then
every Saint has a past. Every Sinner has a Future
  • #23,445
  • Oct 2, 2023 7:35am Oct 2, 2023 7:35am
Quoting Fagin
{image} Don't worry, the saviour is coming.
Stephen Hawking has made his opinions on extraterrestrial life very clear. "If aliens ever visit us, I think the outcome would be much as when Christopher Columbus first landed in America, which didn’t turn out very well for the Native Americans," he said in an interview. Later, he told reporters that "a civilization reading one of our messages could be billions of years ahead of us. If so, they will be vastly more powerful, and may not see us as any more valuable than we see bacteria." Other scientists have noted that extraterrestrials, like humans, will likely prize natural resources. "I suspect resources would be finite anywhere in the universe," Shostak said.

Source:

https://next.voxcreative.com/sponsor...traterrestrial

every Saint has a past. Every Sinner has a Future
  • #23,446
  • Oct 2, 2023 7:53am Oct 2, 2023 7:53am
Quoting Pokrajac
{quote} Did you received your payment from 5ers?I am considering to open account with them?Thank you in advance!
Not yet. Escalated to account department or such. Not happy. With Deel all previous payouts were smooth. Now it's not going OK.
  • #23,447
  • Oct 2, 2023 7:56am Oct 2, 2023 7:56am
ACG doesn't seem big in payouts
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  • #23,448
  • Oct 2, 2023 7:57am Oct 2, 2023 7:57am
Quoting Capablanca
{quote} Not yet. Escalated to account department or such. Not happy. With Deel all previous payouts were smooth. Now it's not going OK.
Thank you!Hope it will be solved soon!
  • #23,449
  • Oct 2, 2023 8:03am Oct 2, 2023 8:03am
Quoting Capablanca
ACG doesn't seem big in payouts {image}
From what i see, despite the market being single directional, no one has paid any big payouts lately.
  • #23,450
  • Oct 2, 2023 9:15am Oct 2, 2023 9:15am
Quoting Capablanca
ACG doesn't seem big in payouts {image}
It is two weeks profit from a 200k account right ? Because they do not offer more and bi-weekly payouts or ? That would explain it. It is based on week profit in Sept., so you cannot expect that much gains. Over +12% gain on a 200k account within 2 weeks is already beyond excellent. Trader needed to be lucky too. Explainable all.
  • #23,451
  • Oct 2, 2023 9:46am Oct 2, 2023 9:46am
Quoting montygoldy
Alright, people I am in action with my first-ever attempts with the prop firms money-making casino. Purchased 5 - 100k challenges 1. Smart Prop trading. - 430$ after (5%) coupon 2. Fxify - 418$ after (20%) coupon 3. Bespoke - 410$ after (22.5%) coupon 4. SKilled Funded Trader - 464$ after (22.5) coupon 5. FundedNext - 485$ after (10%) coupon Total spent - 2207$ Wish me Luck..... If all goes well for a week. Then already prepared my excel with next batch of challenges with FTMO(200k x 2), 5%ers(100k), fundedEngineer(400k) and tff(100k). Keeping the...
First day of prop firm trading completely wrecked lol…..

1. Bespoke - 1.2% down was close to 3.2% before i pull some back. Their gold spreads and pricing are the best….
2. Fxify- 2.4% down was close to 3.1% before pulled some back. Overall good spreads.
3. FundedNext - 2.9% down was close to 3.7% before i pulled some back. Decent execution and overall decent all round.
4. Smart prop trader and skilled traders - 3.6% only i gold long loss on them. Then stopped trading coz of 4% daily dd. Average conditions.

first i tried manually coping same trades on all i.e gold longs which went horribly. So strategy change only trading gold on bespoke and fxify. Rest of them will be focused on cable.

Risk strategy 1% risking on bespoke. For fxify and fundednext .5% only until reach break even. For skiller trader and smart prop only .25% until breakeven.

attached screenshot of bespoke and fxify
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Extreme gut feeling trader
  • #23,452
  • Oct 2, 2023 10:40am Oct 2, 2023 10:40am
Quoting montygoldy
{quote} First day of prop firm trading completely wrecked lol….. 1. Bespoke - 1.2% down was close to 3.2% before i pull some back. Their gold spreads and pricing are the best…. 2. Fxify- 2.4% down was close to 3.1% before pulled some back. Overall good spreads. 3. FundedNext - 2.9% down was close to 3.7% before i pulled some back. Decent execution and overall decent all round. 4. Smart prop trader and skilled traders - 3.6% only i gold long loss on them. Then stopped trading coz of 4% daily dd. Average conditions. first i tried manually coping same...
alright update people just now picked a nice trades on eurusd and cable .
1.Bespoke - .6% positive
2. fxify - 1.4% negative
3. Fundednext - 1.9% negative…
4. Skilled and smart prop as it is not trading as close to 4% daily dd and feels like they will take huge effort to revert back….

Done it so many times before will do it again… never back down from a challenge…
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Extreme gut feeling trader
  • #23,453
  • Edited 11:09am Oct 2, 2023 10:56am | Edited 11:09am
Quoting montygoldy
{quote} alright update people just now picked a nice trades on eurusd and cable . 1.Bespoke - .6% positive 2. fxify - 1.4% negative 3. Fundednext - 1.9% negative… 4. Skilled and smart prop as it is not trading as close to 4% daily dd and feels like they will take huge effort to revert back…. Done it so many times before will do it again… never back down from a challenge… {image}
Such a big difference between Bespoke and FXIFY, and you traded same symbol, why is that ? Is Bespoke so much better ? Your experience on Bespoke so far ?

I would not trade all accounts at once if I were you and had that results. You cannot control risk per trade properly except on Bespoke. Maybe should concentrate on Bespoke (and FXIFY) only for the now. You risked by far too much on other accounts if had multiple trades. You should be already positive after 3 or 4 trades, or it will be pretty very difficult. I also would take it more slowly, because it seems you are under pressure and want to demonstrate your skills here. This is not needed, there is no time limit. You can take all the time you want for the best setups. It is better to choose among the best setups if you don't already have high win rate. My two cents.
  • #23,454
  • Oct 2, 2023 11:06am Oct 2, 2023 11:06am
Quoting TrAndy1
{quote} Such a big difference between Bespoke and FXIFY, and you traded same symbol, why is that ? Is Bespoke so much better ? Your experience on Bespoke so far ?
bespoke trading conditions are the best between all 5. No slippage, amazing spreads for everything indices, gold etc. Even their prices are really close or same as tradingview. Even they have positive swaps for GOLD btw my account is not SWAP FREE but its good.
Extreme gut feeling trader
  • #23,455
  • Oct 2, 2023 11:11am Oct 2, 2023 11:11am
Quoting montygoldy
{quote} bespoke trading conditions are the best between all 5. No slippage, amazing spreads for everything indices, gold etc. Even their prices are really close or same as tradingview.
That is what I said all the time. Depart from MFF I also had best experience on Bespoke. Just buy more accounts on them and concentrate trading those accounts. It can be only better for you. I can only tell you from my experience what I had with Bespoke so far. All excellent here. I would not defend them if there were anything bad.
  • #23,456
  • Oct 2, 2023 11:14am Oct 2, 2023 11:14am
Quoting TrAndy1
{quote} That is what I said all the time. Depart from MFF I also had best experience on Bespoke. Just buy more accounts on them and concentrate trading those accounts. It can be only better for you. I can only tell you from my experience what I had with Bespoke so far. All excellent here. I would not defend them if there were anything bad.
Yes totally agree so far. I have been in this game for long and tried, tested and still use a lot of offshore and as people tagged them on forexpeacearmy not good. My saying there will always be some grievances as no broker/firm is perfect. The more professional they look and behave is what it matters to me.
Extreme gut feeling trader
  • #23,457
  • Oct 2, 2023 11:41am Oct 2, 2023 11:41am
Quoting Capablanca
the market changes and we should go on trading in the same way.
-How any trader can take such rules seriously is beyond me. Without clear definitions of what they deem as consistent, anything and everything is applicable here. Going long and then going short? Inconsistent. Taking 10 pip profit and then taking 12 pip? Inconsistent. Trading trending market then trading consolidation? Inconsistent.

Any such rules are so silly and should serve as a red flag for traders. At the very least, traders should demand clarification in writing. It would be simply inconceivable to operate this way.
  • #23,458
  • Oct 2, 2023 11:42am Oct 2, 2023 11:42am
Quoting genuine007
250k e8 phase1 failed god is really very unfair
-Surrender to what the universe is showing to you and allow yourself to be guided to the correct path. The lessons that we are unwilling and/or unable to learn, are bound to repeat themselves.
  • #23,459
  • Oct 2, 2023 11:42am Oct 2, 2023 11:42am
Quoting turnip15
Stephen Hawking has made his opinions on extraterrestrial life very clear. "If aliens ever visit us, I think the outcome would be much as when Christopher Columbus first landed in America, which didn’t turn out very well for the Native Americans"
-This is a very unevolved perspective. But to be fair, we are still learning.
  • #23,460
  • Oct 2, 2023 11:52am Oct 2, 2023 11:52am
Quoting Nsak3y
{quote}-How any trader can take such rules seriously is beyond me. Without clear definitions of what they deem as consistent, anything and everything is applicable here. Going long and then going short? Inconsistent. Taking 10 pip profit and then taking 12 pip? Inconsistent. Trading trending market then trading consolidation? Inconsistent. Any such rules are so silly and should serve as a red flag for traders. At the very least, traders should demand clarification in writing. It would be simply inconceivable to operate this way.
It all depends how this is interpreted by the prop firm. Latest some prop firms have this rule as kind of protection against EA users. So here you cannot use EA in challenge and then trade manually only on funded. It is far away what is meant under consistency on TradersCentral prop firm, which is the worst among all. So Bespoke and Maven have this rule, but this does not mean any bad for you. It is not at all any strict, what I can say. Those people who cheat they know what they do, so in that case you cannot expect any payout, which is also kind of protection of the real traders who made a payout. Otherwise those cheating traders must be financed by other traders, and that would harm everybody in the end, except those cheaters of course. It is all sound and up how the prop firm is interpreting its own rules. Nothing else.
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