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Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

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  • #33,181
  • Edited 12:58pm Mar 16, 2024 12:10pm | Edited 12:58pm
Quoting ladder
{quote} I think over 99.9% of Apex challenge accounts will not reach a payout.
good:-)

shenanigans start when the well runs dry, so it’s a good thing the pass rate is nearly impossible.
A snails pace wins the race :-)
  • #33,182
  • Mar 16, 2024 2:16pm Mar 16, 2024 2:16pm
Quoting JustPipMe
{quote} good:-) shenanigans start when the well runs dry, so it’s a good thing the pass rate is nearly impossible.
Yes, a business model where both the company and GOOD traders benefit. Once again, there really is way too much emphasis on pass/fail rates, it is truly no different than a personal account.......90% of people cannot trade, whether it be a personal account, forex prop or futures prop. The fail rate is the same accross all of them. If anything, props are SAVING people money as they would lose far more ina personal account before either figuring it out or giving up.
  • #33,183
  • Mar 16, 2024 2:36pm Mar 16, 2024 2:36pm
Quoting Takisd
I am somewhat sorry to the staff of The Failing Trader but all scams must come to an end.
-I would not put it past Angelo to believe that he can actually get away with this and then try to start up shop in some place like Dubai. That guy gives off a sociopath vibe.
  • #33,184
  • Mar 16, 2024 4:16pm Mar 16, 2024 4:16pm
Quoting Nsak3y
{quote}-I would not put it past Angelo to believe that he can actually get away with this and then try to start up shop in some place like Dubai. That guy gives off a sociopath vibe.
seems colombia is the destination.
  • #33,185
  • Edited 5:24pm Mar 16, 2024 4:29pm | Edited 5:24pm
Quoting Takisd
colombia
-Perfect. Then he can be extradited back into the US to face charges.
  • #33,186
  • Mar 16, 2024 8:28pm Mar 16, 2024 8:28pm
Quoting pipmaster77
{quote} Once again, there really is way too much emphasis on pass/fail rates, it is truly no different than a personal account.......90% of people cannot trade, whether it be a personal account, forex prop or futures prop. The fail rate is the same accross all of them.
It's not the same. 99.9% fail rate is 100 times harder than 90% fail rate.
  • #33,187
  • Mar 17, 2024 3:14am Mar 17, 2024 3:14am
Hey folks
I have an offer get my money back from TFT that refused my payout
The guys will help me files case to CFTC but need to pay fee $250
You think is legit ?
  • #33,188
  • Mar 17, 2024 3:25am Mar 17, 2024 3:25am
Quoting HengkiTjen
Hey folks I have an offer get my money back from TFT that refused my payout The guys will help me files case to CFTC but need to pay fee $250 You think is legit ?
who is offering?
seems probably a grift unless you know the person is legit.
  • #33,189
  • Mar 17, 2024 4:54am Mar 17, 2024 4:54am
Quoting HengkiTjen
Hey folks I have an offer get my money back from TFT that refused my payout The guys will help me files case to CFTC but need to pay fee $250 You think is legit ?
It doesn't cost money to contact the cftc with files.
  • #33,190
  • Mar 17, 2024 9:17am Mar 17, 2024 9:17am
Quoting HengkiTjen
Hey folks I have an offer get my money back from TFT that refused my payout The guys will help me files case to CFTC but need to pay fee $250 You think is legit ?
It's Angelos's new business venture...1. start prop firm, 2. start company to help pass eval, 3. fail those that used passing software, 4. deny payouts of others, 5. start compnay to help file complaints for denied payouts
  • #33,191
  • Mar 17, 2024 9:20am Mar 17, 2024 9:20am
Quoting ladder
{quote} It's not the same. 99.9% fail rate is 100 times harder than 90% fail rate.
OK. I see where this may be heading. My point was the failure rates are APPROXIMATELY the same. In other words, someone that is profitable on a personal account will most likely make money with a prop firm (this is where the due dilligence of chosing comes in)....where a prop is not the magical solution for someone who is not already profitable.
Therein lies the problem, the stigma this industry has of making it impossible to pass....take the bad traders that aren't profitable anyway out of the equation....now what is the pass rate? That is the important number.
  • #33,192
  • Mar 17, 2024 11:04am Mar 17, 2024 11:04am
Quoting pipmaster77
{quote} I chart using the spot market on MT4. I copy trade on quantower at apex. You may also chart on MT5 at amp. Quantower is pretty simple for execution and copy trading.
Hi Pipmaster77,

May I ask which MT4 platform/broker you use to chart nas, dow, s&p 500?

Kind regards,
  • #33,193
  • Mar 17, 2024 11:43am Mar 17, 2024 11:43am
Quoting pipmaster77
{quote} It's Angelos's new business venture...1. start prop firm, 2. start company to help pass eval, 3. fail those that used passing software, 4. deny payouts of others, 5. start compnay to help file complaints for denied payouts

this is a confirmed pattern. A company in Pakistan has 1. started many fake California online universities... 2. scammed students with fake courses that fail no one... 3. grant fake diplomas... 4. milk "students" for "additional required certification updates"... 5. extort "students" who used fake degrees to get jobs with threats of exposing the fake... 6. extort employers who hired fake degree candidates with threats of media exposure.

7. Pay a fall guy to take the prison sentence.

Rinse and repeat.
  • #33,194
  • Mar 17, 2024 1:17pm Mar 17, 2024 1:17pm
Can any one advice on how to contact the funded trader support? i have been sending emails to there [email protected] email but not getting any response. I have one funded account and two evaluation accounts. All the links with credentials show the same user/pass so they all take me to the funded account. I am unable to login to the evaluation accounts to trade. Now I am getting an email that if my evaluation accounts are inactive for five more days they will be closed. What kind of Garbage is that? What can I do ? I know they wont refund me my Challenge money !
Drawdown is more important than Account Size !
  • #33,195
  • Mar 17, 2024 1:18pm Mar 17, 2024 1:18pm
It really didn't take long for all the DXTrade hype by props to stop. They finally realized that platform is a bunch of crap. They will realize match trader is as well soon.
  • #33,196
  • Mar 17, 2024 1:24pm Mar 17, 2024 1:24pm
Quoting procrude
Can any one advice on how to contact the funded trader support? i have been sending emails to there [email protected] email but not getting any response. I have one funded account and two evaluation accounts. All the links with credentials show the same user/pass so they all take me to the funded account. I am unable to login to the evaluation accounts to trade. Now I am getting an email that if my evaluation accounts are inactive for five more days they will be closed. What kind of Garbage is that? What can I do ? I know they wont...
chargeback.
  • #33,197
  • Edited 3:03pm Mar 17, 2024 2:46pm | Edited 3:03pm
Quoting Takisd
{quote} chargeback.
Chargeback can only be done with in 60 days... I am 7 days over. I will send them a certified letter to there branch in TX and start a review with Better Business Bureau and start a claim from Small claims court in there jurisdiction. They are a legal entity in the State of Texas but there mailing address is in Miami (My home town). They will not get away with my Money. My brother is a well known lawyer and I know exactly how to move forward with these crooks. There TX address is in a very shady area and the Miami Apt address is in a area where you find hookers just around the corner.
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Drawdown is more important than Account Size !
  • #33,198
  • Mar 17, 2024 3:15pm Mar 17, 2024 3:15pm
Quoting procrude
Can any one advice on how to contact the funded trader support? i have been sending emails to there [email protected] email but not getting any response. I have one funded account and two evaluation accounts. All the links with credentials show the same user/pass so they all take me to the funded account. I am unable to login to the evaluation accounts to trade. Now I am getting an email that if my evaluation accounts are inactive for five more days they will be closed. What kind of Garbage is that? What can I do ? I know they wont...
If that's dxtrade, you should be able to switch between accounts once you log in. Top right of platform. My credentials are the same also bar the account number, you only need, user and pass to log in.
  • #33,199
  • Mar 17, 2024 6:16pm Mar 17, 2024 6:16pm
Yes I am aware but it was only showing one account. They just emailed me back from support and told me issue should be resolved in 48 hours. Lets see
Drawdown is more important than Account Size !
  • #33,200
  • Mar 17, 2024 6:37pm Mar 17, 2024 6:37pm
Quoting rizla101
{quote} If that's dxtrade, you should be able to switch between accounts once you log in. Top right of platform. My credentials are the same also bar the account number, you only need, user and pass to log in.
If you can ask for refund
They won't payout if you profitable
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