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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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  • #61
  • Mar 20, 2021 11:46pm Mar 20, 2021 11:46pm
Quoting FXsniper111
{quote} {image}
Website and system maintenance in progress is what I get from the MFF site.

Masterrmind ......
Master your Mind then Master your Trades
  • #62
  • Mar 20, 2021 11:50pm Mar 20, 2021 11:50pm
Quoting shyean
funded-traders maybe can take a look. no fee upfront, no monthly fee. https://www.forexfactory.com/thread/...5#post13382105
Thanks for the link to the thread shyean I will take a closer look.

Masterrmind ......
Master your Mind then Master your Trades
  • #63
  • Mar 20, 2021 11:53pm Mar 20, 2021 11:53pm
Quoting Masterrmind
{quote} Nope. Just been through their entire website the 100k challenge is listed at $949. It's not the price that concerns me since leverage is also a factor but it's that this company does not feel right to me. Masterrmind ......
I think it was a typo. Now they correct it to 499.
MFF is a no no. Too many red flags
  • #64
  • Mar 20, 2021 11:55pm Mar 20, 2021 11:55pm
Quoting shyean
funded-traders maybe can take a look. no fee upfront, no monthly fee. https://www.forexfactory.com/thread/...5#post13382105
you need to deposit CASH into your account. And that deposit is more than the DD allowed, stay away.

They just play with word, DEPOSIT = FEE
  • #65
  • Mar 20, 2021 11:58pm Mar 20, 2021 11:58pm
Quoting Takisd
Dealt with FTMO passing 3 challenges. Their feed is enough for me to wave goodbye to them, their arrogance in dealing with their feed is enough to not give them another shot. Was going to try funding talent, discovered they are in trouble with novia scotia authorities, dodging them, also not a fan of blackbullmarkets at all, plenty of online stories about high spreads and various other games they play. Now onto MFF, looks very interesting, there is an element of transparency about them but also an element of "fresh meat" so to speak, they seem inexperienced....
Hi Takisd,

The unprofessional and fresh meat look about MFF is what steered me away rather quickly and then the interview with a non focused owner, that was it for me I'll go play elsewhere.

Some of the broker offerings at these dodgy Prop Firms is enough to walk away too.

After all due diligence is carried out, it's either take the risk or don't take it.

Masterrmind ......
Master your Mind then Master your Trades
  • #66
  • Mar 21, 2021 12:08am Mar 21, 2021 12:08am
Quoting mixedbags
{quote} I think it was a typo. Now they correct it to 499. MFF is a no no. Too many red flags
You guys are not reading it correctly.

The 100k challenge for $495 has a recurring fee of $249/month after the first month.

The 100k challenge for $949 is a 1 time payment.

Clearly, I was referring to the one time payment fee.

I'm with you regarding the 'MFF is a no no' certainly for the time being.

Masterrmind ........
Master your Mind then Master your Trades
  • #67
  • Edited 12:26am Mar 21, 2021 12:14am | Edited 12:26am
Quoting Masterrmind
{quote} You guys are not reading it correctly. The 100k challenge for $495 has a recurring fee of $249/month after the first month. The 100k challenge for $949 is a 1 time payment. Clearly, I was referring to the one time payment fee. I'm with you regarding the 'MFF is a no no' certainly for the time being. Masterrmind ........
Attached Image
it has been corrected both Facebook and website. - 499
Attached Image (click to enlarge)
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  • #68
  • Mar 21, 2021 12:45am Mar 21, 2021 12:45am
Quoting mixedbags
{quote} {image}it has been corrected both Facebook and website. - 499 {image}
It is different here. When did they correct that, today?
I see this:
Attached Image (click to enlarge)
Click to Enlarge Name: aab77c360a12a36928751c91f7cdd806.png Size: 731 KB
  • #69
  • Mar 21, 2021 1:28am Mar 21, 2021 1:28am
Quoting RougeTrader
Hi Masterrmind good thread. these guys will give you a £1m account if you’re willing to part with £5k and pass the assessment. https://t4tcapitalfm.com/product-cat...l-assessments/ the £100k account looks best value. I’ve just been accepted for Audacity Capital - starts on £15k and doubles every time you make 10%. I’ll let you know how I get on. also may be interested in the 5%ers...... all the best RT {quote}
T4T at first read looks promising but they run a very tight ship, very tight DD at 2% on a 10:1 leveraged account so not much flexibility for the trader.

No time limit on hitting the 10% target which is nice, reduces pressure on the trader.

Reset fees are modest in my opinion although a 1M account size will cost you 2k to reset after an initial 5k for the assessment.

Any traders here used T4T Prop Firm ?

Masterrmind .........
Master your Mind then Master your Trades
  • #70
  • Mar 21, 2021 1:31am Mar 21, 2021 1:31am
Quoting Dmh
{quote} It is different here. When did they correct that, today? I see this: {image}
Same information I see.

I don't think they realised there was another option down further.

In any case I will pass on it for now.

Good trading,

Masterrmind ......
Master your Mind then Master your Trades
  • #71
  • Mar 21, 2021 4:47am Mar 21, 2021 4:47am
Quoting Takisd
Dealt with FTMO passing 3 challenges. Their feed is enough for me to wave goodbye to them, their arrogance in dealing with their feed is enough to not give them another shot. Was going to try funding talent, discovered they are in trouble with novia scotia authorities, dodging them, also not a fan of blackbullmarkets at all, plenty of online stories about high spreads and various other games they play. Now onto MFF, looks very interesting, there is an element of transparency about them but also an element of "fresh meat" so to speak, they seem inexperienced....
Hey mate, i did give them (theproptrading)some of my money previous to their current version. wont go back to that, you are so right about the broker, i was demoing trading Gold with them and it is horrid, the commission was like 10 times worse than IC markets and Pepperstone. disappointing really.
I guess they are all a bit of a trade off at some point, but hopefully we can weed out the good ones overall.

regards
Geoff
  • #72
  • Mar 21, 2021 6:10am Mar 21, 2021 6:10am
Hi

I posted some GENERAL/SIMPLE tips for newbies on TMS as it seems to attract a lot of newbies and thought it may benefit some people who come here too. There may be more tips to check but maybe these will already help someone.

Some GENERAL/SIMPLE tips to do BEFORE you sign on:

- google any names of any official you find on the firm's site
- google eg. reviews fundingtalent/funding talent
- check their testimonials and see if you have any names + surnames to google and/or contact
- check their contact email and see if it is the same as their official website
- Check their type of response if you contact them first(as well as any follow up).
- Beware if they are not forthcoming with their company info
- do: eg. whois funding talent (they may use eg. emails @ contactprivacy (dot) com which may or may not raise a flag)
- if any links on their turns up 404's - beware
- if on their website - they use "bad" english/whatever language - beware
- if the site "looks sloppy(not well made)" to you - beware.
- check relevant threads here on FF like : Prop Firm Hub
- check well known sites like Baby Pips to see if they have any info regarding the offer
- check the brokers they use(google reviews about them - may raise a flag)
- check the commissions/spread - this may be horrid(bad - not worth it)
- eg. make a screenshot of any contact with them

* used "funding talent as example

Trade well / Mos
Don't limit yourself!!
  • #73
  • Mar 21, 2021 6:27am Mar 21, 2021 6:27am
Quoting chrissfx
Hi, I like the topic, thanks Mastermind. The company's searching good traders, but why? Because good traders are mostly psychs, nerds and freaks (Me definetly the first one). And these people are hard to evolve at school or university!? What is the goal to trade with a Prop Firm? I will tell you: Greed! More money in less time. I love freedom... and charts... Think about that... before connecting your trader-soul to a company. Best Chriss
Hi Chriss,

The idea behind a trader such as myself wanting to use Prop Firms is simply to add more capital, and with more capital the opportunity to generate more money.

Capitalist mindset but also very much a realist.

Apart from the time and fee involved in completing a challenge there is very little additional effort required to potentially generate 1000's if not tens of thousands of extra income using simple tools readily available, such as trade copiers.

As for the uni graduates of which I am one also they wouldn't be able to trade their way out of a wet paper bag.

You need skin in the game and mountains of good experience to even start to have the chance of becoming a consistent full-time trader.

Some of the finance grads get lucky to some extent because they may find their way into large banks or hedge funds and if they aren't cut out for trading they might get slotted into other positions.

Good trading,

Masterrmind ........
Master your Mind then Master your Trades
  • #74
  • Mar 21, 2021 6:30am Mar 21, 2021 6:30am
Quoting mosiskv
Hi I posted some GENERAL/SIMPLE tips for newbies on TMS as it seems to attract a lot of newbies and thought it may benefit some people who come here too. There may be more tips to check but maybe these will already help someone. Some GENERAL/SIMPLE tips to do BEFORE you sign on: - google any names of any official you find on the firm's site - google eg. reviews fundingtalent/funding talent - check their testimonials and see if you have any names + surnames to google and/or contact - check their contact email and see if it is the same as their official...
A welcome post mosiskv.

Nice post.

Masterrmind .......
Master your Mind then Master your Trades
  • #75
  • Mar 21, 2021 6:51am Mar 21, 2021 6:51am
Quoting Dmh
{quote} It is different here. When did they correct that, today? I see this: {image}
Your image is the old one, they change it before the website crash.
Now you can view-
https://myforexfunds.com/evaluation-accounts/

Of course I realized there is another one further down which is AGGRESSIVE EVALUATION

Their monthly payment model is no longer available.
  • #76
  • Mar 21, 2021 7:41am Mar 21, 2021 7:41am
Quoting Dmh
{quote} It is different here. When did they correct that, today? I see this: {image}
this is for their other model (the one with a 10% biweekly bonus payment), not the challenge model.
  • #77
  • Mar 21, 2021 7:53am Mar 21, 2021 7:53am
Quoting mixedbags
{quote} Your image is the old one, they change it before the website crash. Now you can view- https://myforexfunds.com/evaluation-accounts/ Of course I realized there is another one further down which is AGGRESSIVE EVALUATION Their monthly payment model is no longer available.
That link gave me earlier today a 404 error but now the link seems to work and I can see the evaluation accounts with the correct prices. Thanks.
  • #78
  • Mar 21, 2021 8:01am Mar 21, 2021 8:01am
Quoting Dmh
{quote} That link gave me earlier today a 404 error but now the link seems to work and I can see the evaluation accounts with the correct prices. Thanks.
Take note of this -

  1. MFF is not worth it; it denies LARGE PAYOUTS

  • #79
  • Mar 21, 2021 8:07am Mar 21, 2021 8:07am
Quoting mixedbags
{quote} Take note of this - MFF is not worth it; it denies LARGE PAYOUTS
Yes, I’m aware of that. But I just want to see what they have to offer. The only trustworthy firms for me at the moment are FTMO and Enfoid.
  • #80
  • Mar 21, 2021 8:16am Mar 21, 2021 8:16am
Quoting Dmh
{quote} Yes, I’m aware of that. But I just want to see what they have to offer. The only trustworthy firms for me at the moment are FTMO and Enfoid.
$ to $ FTMO is better than Enfoid.
I am waiting to see is there any kind of offer from FTMO to counter MFF and The Prop Trading.
If not I'll jump on to The Prop Trading, regardless of their so-called shady broker. I don't think they are going to take my $800 and fold up or start scamming so fast.

It took Funding Talent and MFF a year or 2 before they show their true color.
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