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  • #12,221
  • Nov 5, 2022 5:38am Nov 5, 2022 5:38am
Quoting Erebus
{quote} Let me Google that for you... https://forexpropreviews.com/?s=IRAN Not the full list {image}
Thanks, they really have everything, LOL. How many journalists do they have?
  • #12,222
  • Nov 5, 2022 5:42am Nov 5, 2022 5:42am
Is anyone here using this firm? Blue Guardian Capital

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  • #12,223
  • Nov 5, 2022 5:42am Nov 5, 2022 5:42am
Quoting trader888888
Is anyone here using this firm? Blue Guardian Capital
didnt they scam a bunch of folks?
  • #12,224
  • Nov 5, 2022 6:42am Nov 5, 2022 6:42am
Quoting trader888888
Is anyone here using this firm? Blue Guardian Capital {image}
In trust pilot there's several reviews of people claiming that they were not given the funded account, despite they passed challenges, based on consistency (not written) rule.

I also read here, a couple of weeks ago, that they denied payments based upon risk unwritten rule.
  • #12,225
  • Nov 5, 2022 7:29am Nov 5, 2022 7:29am
Quoting Fagin
{quote} Great stuff thanks for the reply. Looks like you get a one time extension as well as a retry. I’ll give them a go next week while I wait for an MFF reset. Cheers!
Reset ?
Does that mean you failed once and lost your deposit. And now you have to pay a
nother fee to start the challenge once again?
every Saint has a past. Every Sinner has a Future
  • #12,226
  • Edited 8:09am Nov 5, 2022 7:54am | Edited 8:09am
i'm now applying for surgetrader.com... communicated with them regarding invoices (trading as a company, not individual person - so needed additional credentials in invoice for accounting purposes).

now read this here in trustpilot.. posted 2 days ago:

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there are good reviews more days ago too.. what is fake and whats not? maybe fake bad review? or fake good reviews?

and here is "scam report" (but maybe that report if fake itself?)

cant find them here... but is that "the financial organization" legit? maybe they are scams themselves who blackmail trading companies - if you dont pay them "membership payment" then be ready for fake scam reviews in other websites? whom to believe in this case?

can you please tell me who works with them how about payouts?

I like their website compared to other prop firms it is well structured.. and the cabinet is cool too and the customer service seems great.. please share your expierence with surgetrader
  • #12,227
  • Nov 5, 2022 8:09am Nov 5, 2022 8:09am
Quoting gepards
i'm now applying for surgetrader.com... communicated with them regarding invoices (trading as a company, not individual person - so needed additional credentials in invoice for accounting purposes). now read this here in trustpilot.. posted 2 days ago: {image} there are good reviews more days ago too.. what is fake and whats not? maybe fake bad review? or fake good reviews? can you please tell who work with them how about payouts? I like their website compared to other prop firms...
They have too many rules - ways to fail traders!
Why buy a challenge with only 5% max loss when you can get a chellenge with 10% or 12% max loss with the well known companies?
  • #12,228
  • Nov 5, 2022 8:38am Nov 5, 2022 8:38am
Quoting Bizziebee
{quote} They have too many rules - ways to fail traders! Why buy a challenge with only 5% max loss when you can get a chellenge with 10% or 12% max loss with the well known companies?
they offer no time limit. you can trade as long as you wish.. 1 year for example.

it is ok 5% drawdown. adjust orders volumes accordingly. I trade 25000 usd account with 0.1 lots per deal. my goal is to qualify in about 6-12 months. I set up 70 EAs portfolio. I can afford to open 25 positions at the same time but not need so much.. my EAs might open total max 10-15 positions. each with SL. no martingale/averaging.. just parallel setups running with diversified entry/exit rules. no other prop firm can me offer "no time limit" what is essential for my trading style.

time limits is pushing on gambling. "you have 3 day left and you still need to earn 2% to qualify - START GAMBLE or will lose money".
  • #12,229
  • Nov 5, 2022 8:48am Nov 5, 2022 8:48am
Surgetrader is awful, and the people who run it are awful. I suspect they only have money from marketing.
  • #12,230
  • Nov 5, 2022 9:57am Nov 5, 2022 9:57am
Quoting Bizziebee
{quote} They have too many rules - ways to fail traders! Why buy a challenge with only 5% max loss when you can get a chellenge with 10% or 12% max loss with the well known companies?
5% and worse... 5% trailing.

5% Maximum Drawdown
Traders may not incur losses exceeding 5%, on a trailing basis up to starting balance+5%

It's probably one of the worse programs over there
  • #12,231
  • Nov 5, 2022 10:55am Nov 5, 2022 10:55am
Quoting gepards
no other prop firm can me offer "no time limit" what is essential for my trading style. time limits is pushing on gambling. "you have 3 day left and you still need to earn 2% to qualify - START GAMBLE or will lose money".
found another with no time limit. write here for reference - will use for diversification: fundedtradingplus

do you know some more with no time limit?
  • #12,232
  • Nov 5, 2022 11:10am Nov 5, 2022 11:10am
Quoting gepards
{quote} found another with no time limit. write here for reference - will use for diversification: fundedtradingplus do you know some more with no time limit?
Just a warning for the case you missed that detail: that also has trailing drawdown

"Each time you close a profitable trade and take your balance up above the starting balance, your Maximum Drawdown level moves up. The Relative Drawdown is the distance between the closed balance high (your high water-mark HWM) and the Maximum Drawdown."
  • #12,233
  • Nov 5, 2022 11:23am Nov 5, 2022 11:23am
Quoting gepards
{quote} found another with no time limit. write here for reference - will use for diversification: fundedtradingplus do you know some more with no time limit?
Looks good - great to have a prop firm located in the UK.
every Saint has a past. Every Sinner has a Future
  • #12,234
  • Nov 5, 2022 11:31am Nov 5, 2022 11:31am
Quoting Capablanca
{quote} Just a warning for the case you missed that detail: that also has trailing drawdown "Each time you close a profitable trade and take your balance up above the starting balance, your Maximum Drawdown level moves up. The Relative Drawdown is the distance between the closed balance high (your high water-mark HWM) and the Maximum Drawdown."
ok for me. if DD is 5% then with my own money that could be 70%. therefore my target is no more than 20% DD of equity (if my money) at any point. it means I target no more than 1.5% DD with them. I have 3.5% still for "just in case". with my yearly recovery factor which is about (from 5 to 18 depending on EAs portfolio) i can manage to qualify within about 6-12 months (target to 6 months but "just in case" 12 months is ok too).
  • #12,235
  • Edited Nov 16, 2022 12:44am Nov 5, 2022 12:44pm | Edited Nov 16, 2022 12:44am
Quoting gepards
{quote} found another with no time limit. write here for reference - will use for diversification: fundedtradingplus do you know some more with no time limit?
I found answer here: { virus risk deleted by staff }
  • #12,236
  • Nov 5, 2022 12:58pm Nov 5, 2022 12:58pm
Quoting gepards
{quote} they offer no time limit. you can trade as long as you wish.. 1 year for example. it is ok 5% drawdown. adjust orders volumes accordingly. I trade 25000 usd account with 0.1 lots per deal. my goal is to qualify in about 6-12 months. I set up 70 EAs portfolio. I can afford to open 25 positions at the same time but not need so much.. my EAs might open total max 10-15 positions. each with SL. no martingale/averaging.. just parallel setups running with diversified entry/exit rules. no other prop firm can me offer "no time limit" what is essential...
here all the list with no time limit
https://docs.google.com/spreadsheets...it?usp=sharing
in holiday till end of November
  • #12,237
  • Nov 5, 2022 1:00pm Nov 5, 2022 1:00pm
Quoting Capablanca
{quote} 5% and worse... 5% trailing. 5% Maximum Drawdown Traders may not incur losses exceeding 5%, on a trailing basis up to starting balance+5% It's probably one of the worse programs over there
it trails up to the IB, after is locked there, so it's trailing just for the first 5%, like happens to Funded Trading Plus, with no scaling problems because you can choose if you are sure to pass, the 1.000.000$ account.
in holiday till end of November
  • #12,238
  • Nov 5, 2022 1:27pm Nov 5, 2022 1:27pm
Quoting forexbali
{quote} it trails up to the IB, after is locked there, so it's trailing just for the first 5%, like happens to Funded Trading Plus, with no scaling problems because you can choose if you are sure to pass, the 1.000.000$ account.
Most of the firms (if not all) trail up to the Inicial Balance.
Meaning that from that point they're not giving you anything. It's 100% your money but you only get part of the profits.

And trailing is quite bad because of this:
1. You start with 100K and have a 5% DD max, so 95K is your cut off
2. First trade you make +2K and you are at 102K. Now the max loss point goes up from 95K to 97K
3. Second trade you lose 2K. Back to 100. But your max loss stays at 97K so you have 3%.

When you get the trail to 100K means that you won, at least, 5K. And now you're risking only your money but not having 100% of the profits
  • #12,239
  • Nov 5, 2022 1:50pm Nov 5, 2022 1:50pm
Quoting Capablanca
{quote} Most of the firms (if not all) trail up to the Inicial Balance. Meaning that from that point they're not giving you anything. It's 100% your money but you only get part of the profits. And trailing is quite bad because of this: 1. You start with 100K and have a 5% DD max, so 95K is your cut off 2. First trade you make +2K and you are at 102K. Now the max loss point goes up from 95K to 97K 3. Second trade you lose 2K. Back to 100. But your max loss stays at 97K so you have 3%. When you get the trail to 100K means that you won, at least, 5K....
yes and this is the last column I want to add in my files, I added one "AD" absolute drawdown but it will not be perfect, absolute is when it doesn't trail and they always give you the chance to lose that 5-10% below the IB even if you went to +20% then you can close at -10%.

Now the problem of who trails and lock in at IB, that this can cause a problem if the scale up (x2, 100%) like in FTplus, or MFF accelerated x1.75 in average.

so when you scale, if they don't give you again a daily or total stop out level below your IB you will have the issue that we will have a double account and you will have immediately a 50% lower drawdown. This issue in FTplus make very complicate to withdraw because reduce your total drawdown.
On the other hand you get a x2 scale up with just 10% target with no time limit. Starting with a 200x account means that if you make a 40% profit you can arrive already to manage a 2.5M million account that is their max.

Usually are all UK names the one that offer the x2 scale up, FundedTradingPlus, CitiTradersImperium, FTUK, the5ers. An ELEV8 account at E8Funding also.

Other programs because they scale you at a peace of 25-30% you don't see this drastics change in total drawdown.

I show an example of the stop out levels of Citytraders, this doesn't happen in FundedTradingPlus.
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in holiday till end of November
  • #12,240
  • Nov 5, 2022 2:04pm Nov 5, 2022 2:04pm
Sounding the warning against leveledupsociety. Its lamborauls scam. They are in the process of scamming.
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