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  • #1,121
  • May 19, 2021 7:39am May 19, 2021 7:39am
Quoting pipmaster77
{quote} Yes, my issue with that is it will never be offered in the US. Just like we cannot trade with a "real" broker. Just these shady market maker brokers that do what they want because they've been around forever and have the CFTC in their pocket. So I need prop firms. On a side note, I am quite impressed with MFF, despite my initial hesitation. There is 24/7 support on discord. They actually go on there and disclose the numbers on the live accounts and advice on what successful and unsuccessful traders are doing and basically how to not lose...
Let's hope a couple of the "pseudo" can hold to having a fair and decent business that benefits both them and us in a positive way.
Please let us know how your MFF journey goes, will be really helpful.
  • #1,122
  • May 19, 2021 7:42am May 19, 2021 7:42am
Quoting pipmaster77
{quote} Yes, my issue with that is it will never be offered in the US. Just like we cannot trade with a "real" broker. Just these shady market maker brokers that do what they want because they've been around forever and have the CFTC in their pocket. So I need prop firms. On a side note, I am quite impressed with MFF, despite my initial hesitation. There is 24/7 support on discord. They actually go on there and disclose the numbers on the live accounts and advice on what successful and unsuccessful traders are doing and basically how to not lose...
True about MFF. Their official telegram is very active and informative as well. I guess they've overcome the initial pressure. Good alternative or combination to FTMO now.
What a time to be alive.

What are the FXpig spreads like though?
  • #1,123
  • May 19, 2021 8:21am May 19, 2021 8:21am
Quoting Koop
{quote} True about MFF. Their official telegram is very active and informative as well. I guess they've overcome the initial pressure. Good alternative or combination to FTMO now. What a time to be alive. What are the FXpig spreads like though?
I'm doing my eval on Tickmill..... awesome. Matter of fact, anyone in a country that can trade live with them, highly recommend. Once you have live account, they have their own server solution now. Sure seems like they are in for the long haul. Next month, I believe they are offering something similar to 5%ers, CTI model, but looks a bit better, like DD is double the fee, not sure of exact details, as that model is definitely not for me.
  • #1,124
  • May 19, 2021 8:44am May 19, 2021 8:44am
Quoting tradista
This is getting completely ridiculous {image}

Funnily enough, fxseed was one of these. Also the fonts/images look very much like FT too... Perhaps they are as well.
  • #1,125
  • May 19, 2021 10:52am May 19, 2021 10:52am
Quoting nikosk0
{quote} was talking about the one time fee challenge, not the monthly plan ( i dont like any of those)
Only thing I do not like there is you are required to keep your 10% in if you want to scale. So to actually pull money out every month AND scale simultaneously, you need to be above 10%. If you leave it in though, there scaling is quite attractive.
  • #1,126
  • May 19, 2021 11:25am May 19, 2021 11:25am
Quoting pipmaster77
{quote} I'm doing my eval on Tickmill..... awesome. Matter of fact, anyone in a country that can trade live with them, highly recommend. Once you have live account, they have their own server solution now. Sure seems like they are in for the long haul. Next month, I believe they are offering something similar to 5%ers, CTI model, but looks a bit better, like DD is double the fee, not sure of exact details, as that model is definitely not for me.
I think that DD will be similar to the fee rather than 20% more expensive and a good scaling plan. Some rumors are about, no one will give me any solid info but my suspicion is this:

1) Weekly payouts above a min threshold in dollars
2) fast scaling
3) No margin on top of the fees. So essentially you are getting more margin for your original money rather than losing money off the bat like with 5ers.

I was trying to get my head around the direct funding stuff lately because the model seems dumb in general, but I can see it being good if the drawdown = the fee + you can scale quickly. If the drawdown = the fee it also means that there is no benefit to b-booking for those who care about that stuff.

I went and looked at the 5ers in detail as i started hearing things and the 5ers model is so disgustingly criminal I dont even know why their company was popular to begin with.
  • #1,127
  • May 19, 2021 11:57am May 19, 2021 11:57am
Quoting pipmaster77
{quote} Only thing I do not like there is you are required to keep your 10% in if you want to scale. So to actually pull money out every month AND scale simultaneously, you need to be above 10%. If you leave it in though, there scaling is quite attractive.
how i percieve this, is that they may actually do copy trades to a live account and that amount is their safety net. they pull that money out of the live account and then you are a risk free trader for them.

so on 100k account to scale up you need to make 12.5%. they get their cut of 20% and that leaves you with 10% for scale up.
so at 200k they already got 2.5k their cut and another 10k the requirment to scale.
now you are able to risk 20k (you can go down to 180k) but since they already got 12.5k out of you they reduced their risk from 10k from the original account to 7.5k

IF THEY DO ACTUALLY COPY TRADES
offering my system to copy trade. check my link
  • #1,128
  • May 19, 2021 12:19pm May 19, 2021 12:19pm
Quoting Koop
{quote} True about MFF. Their official telegram is very active and informative as well. I guess they've overcome the initial pressure. Good alternative or combination to FTMO now. What a time to be alive. What are the FXpig spreads like though?

Not bad at all - I tried out demo and the spreads were acceptable.

BTW , Tickmill spread on Gold is very good but on US30 not so good at all. I suppose it is not a problem if you don't trader US30.
  • #1,129
  • May 19, 2021 12:28pm May 19, 2021 12:28pm
Quoting Takisd
{quote} I think that DD will be similar to the fee rather than 20% more expensive and a good scaling plan. Some rumors are about, no one will give me any solid info but my suspicion is this: 1) Weekly payouts above a min threshold in dollars 2) fast scaling 3) No margin on top of the fees. So essentially you are getting more margin for your original money rather than losing money off the bat like with 5ers. I was trying to get my head around the direct funding stuff lately because the model seems dumb in general, but I can see it being good if the...
Lol, baffling that the 5ers' offering appeals to a lot of traders. I don't get it.

Anyways, i've been seriously interested in the whole direct funding idea since i heard of it but all the firms currently offering it either try to stifle your growth and profit potential with terribly low leverage like Traderscentral, Fxseed, Blufx, (all 1:3) or 5ers and the likes (1:6).
Was excited for MFF to launch their own but this is like the 3rd time it's been postponed.

Credibility aside, what do you guys think about this Direct funding offer from Tradersprop?
Attached Image (click to enlarge)
Click to Enlarge Name: image_2021-05-19_182817.png Size: 228 KB


70/30 profit split.
  • #1,130
  • May 19, 2021 12:29pm May 19, 2021 12:29pm
Quoting Mtinifx
{quote} Not bad at all - I tried out demo and the spreads were acceptable. BTW , Tickmill spread on Gold is very good but on US30 not so good at all. I suppose it is not a problem if you don't trader US30.
I just noticed from their website that once "funded" you can't select any other broker than fxpigs, so basically tickmill and others are only allowed for the challenge.
  • #1,131
  • May 19, 2021 12:29pm May 19, 2021 12:29pm
Quoting Koop
{quote} Lol, baffling that the 5ers' offering appeals to a lot of traders. I don't get it. Anyways, i've been seriously interested in the whole direct funding idea since i heard of it but all the firms currently offering it either try to stifle your growth and profit potential with terribly low leverage like Traderscentral, Fxseed, Blufx, (all 1:3) or 5ers and the likes (1:6). Was excited for MFF to launch their own but this is like the 3rd time it's been postponed. Credibility aside, what do you guys think about this Direct funding offer from Tradersprop?...
its impossible to put aside credibility with that company lol... IMPOSSIBLE lol.
  • #1,132
  • May 19, 2021 12:30pm May 19, 2021 12:30pm
Quoting Mtinifx
{quote} Not bad at all - I tried out demo and the spreads were acceptable. BTW , Tickmill spread on Gold is very good but on US30 not so good at all. I suppose it is not a problem if you don't trader US30.
Are you saying the spreads are high with US30 on FTMO or MMF?
  • #1,133
  • May 19, 2021 12:30pm May 19, 2021 12:30pm
Quoting tradista
{quote} I just noticed from their website that once "funded" you can't select any other broker than fxpigs, so basically tickmill and others are only allowed for the challenge.
they use their own server now. Thats where my account is. Its comparible to tickmill, sometimes better sometimes worse. More stable than fxpig and better uptime than all the others as i see people complain all the time in discord about fxpig, icmarkets etc.
  • #1,134
  • May 19, 2021 12:44pm May 19, 2021 12:44pm
Quoting Mtinifx
{quote} Not bad at all - I tried out demo and the spreads were acceptable. BTW , Tickmill spread on Gold is very good but on US30 not so good at all. I suppose it is not a problem if you don't trader US30.
I'm in it right now, actually. Spread is 1 and no commish
  • #1,135
  • May 19, 2021 12:46pm May 19, 2021 12:46pm
Quoting Koop
{quote} Lol, baffling that the 5ers' offering appeals to a lot of traders. I don't get it. Anyways, i've been seriously interested in the whole direct funding idea since i heard of it but all the firms currently offering it either try to stifle your growth and profit potential with terribly low leverage like Traderscentral, Fxseed, Blufx, (all 1:3) or 5ers and the likes (1:6). Was excited for MFF to launch their own but this is like the 3rd time it's been postponed. Credibility aside, what do you guys think about this Direct funding offer from Tradersprop?...
It's the 1.28 million and the 6 months to pass. Like takisd said, it's criminal. Of course you need 6 months to pass with the tiny sizes you must trade. I posted the math the other day, but stage 3 your personal account would be double and you keep all of it. Psychology aside, from a pure math perspective of course. Figure I'd rebut the objections before they arrive.
  • #1,136
  • May 19, 2021 1:58pm May 19, 2021 1:58pm
Quoting pipmaster77
{quote} Yes, my issue with that is it will never be offered in the US. Just like we cannot trade with a "real" broker. Just these shady market maker brokers that do what they want because they've been around forever and have the CFTC in their pocket. So I need prop firms. On a side note, I am quite impressed with MFF, despite my initial hesitation. There is 24/7 support on discord. They actually go on there and disclose the numbers on the live accounts and advice on what successful and unsuccessful traders are doing and basically how to not lose...
Hi PM.I don't know what your situation (age,occupation,family etc),just that you live in US, It just pop in my mind.Do you know this guy and his videos?

https://www.youtube.com/c/nomadcapitalist/videos
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,137
  • May 19, 2021 2:57pm May 19, 2021 2:57pm
Quoting Simply-Me
{quote} Hi PM.I don't know what your situation (age,occupation,family etc),just that you live in US, It just pop in my mind.Do you know this guy and his videos? https://www.youtube.com/c/nomadcapitalist/videos
No, I have not, but Thank You, looks like some very good info I may be able to use.
  • #1,138
  • Edited 4:12pm May 19, 2021 4:02pm | Edited 4:12pm
Quoting Koop
{quote} Lol, baffling that the 5ers' offering appeals to a lot of traders. I don't get it. Anyways, i've been seriously interested in the whole direct funding idea since i heard of it but all the firms currently offering it either try to stifle your growth and profit potential with terribly low leverage like Traderscentral, Fxseed, Blufx, (all 1:3) or 5ers and the likes (1:6). Was excited for MFF to launch their own but this is like the 3rd time it's been postponed. Credibility aside, what do you guys think about this Direct funding offer from Tradersprop?...
Im in no way saying 5ers is better than another, but I think they are a good option for some.

Of course, FTMO 100% better if you have the tools to make that first 10% in 20 some trading days!

But I 100% respect and understand anyone choosing another route. We all have very different needs and many traders very different strategies and approaches.

For some here this all seems to be a crime, even going as far as holding in contempt whoever would take such a "horrible" deal. But for some, it is actually better solution, no matter what calculations one's own strategy brings him/her to conclude. Trading approaches are simply much more diverse than some here seem to realize, with respect. Anyways, nice most of you are not so judgmental!

I know just the one stop level is actually better for certain strategies rather than the daily DD... even as a mere 4%.

More importantly, maybe some prefer the much longer time they have to reach the profit, and in some cases leverage has nothing to do with that.... and also, the leverage is more than good enough in regards to their profit target/SL/duration, in my own experience.

The real potential is in the bigger accounts and scaling. Many people in the world could make an above average living from their 80000 account, even with the lower leverage.

Starting small, slow and careful is possible. And the scaling, that is the cherry on top without which it would not be worth it... if they survive the long run.

Also, regarding leverage, I am always in awe when I meet anyone who can consistently use higher leverage without regularly hitting those kind of max loss. limits. I myself am far from being that skilled in my trading.

Good night all, good chats !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #1,139
  • May 19, 2021 4:05pm May 19, 2021 4:05pm
Quoting pipmaster77
{quote} No, I have not, but Thank You, looks like some very good info I may be able to use.
I use to live in US over decade back in nineties and thru millennium,even I did start trading back then, I stopped,moved back to EU,now I'm trading again,full time and I know,that uncle Sam is pretty demanding about taxes.I did some research last year for some of my US friends to trade their funds,under their name and to be stuck with your choices of brokers and rules as retail forex trader I made decision it's not worth it and options or stocks are not for me.

But I found some good video/podcast today on youtube, Has nothing to do with topic or forex, but it's about trading and really interesting.
Here's a link.There is already another podcasts with guy ep 187

Inserted Video
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,140
  • May 19, 2021 4:49pm May 19, 2021 4:49pm
Quoting mtako
{quote} Im in no way saying 5ers is better than another, but I think they are a good option for some. Of course, FTMO 100% better if you have the tools to make that first 10% in 20 some trading days! But I 100% respect and understand anyone choosing another route. We all have very different needs and many traders very different strategies and approaches. For some here this all seems to be a crime, even going as far as holding in contempt whoever would take such a "horrible" deal. But for some, it is actually better solution, no matter...

I see your hint at me Its ok. My comment about the criminal element is that you are paying more than you are allowed to lose on something that is so hugely restrictive. Obviously not going near the loss parameters long term may yield a fruit baring tree. But the fact that they charge you to use your own money as drawdown to me is criminal.

I struggle with that concept completely but I am not from the states so leverage etc is never really a concern for me.

I would argue that a sweet spot is probably somewhere in the middle between the traditional "Challenge" method and the direct funding method, perhaps thats the next step or something in this industry. Recently though the only new things i've seen are "too good to be true" .
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