Prop Firm Hub | Page 7 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

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

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #121
  • Mar 22, 2021 11:44am Mar 22, 2021 11:44am
Quoting Ross88
{quote} They have a wide range of things you can trade with forex and futures with a 80% keep profit
I've heard their Forex model isn't the best. They charge you the spread and you have to pay commissions on top of it. For their futures offer, I believe you can trade products commission free if you use the platform they've partnered with (Tradovate)
  • #122
  • Mar 22, 2021 11:53am Mar 22, 2021 11:53am
Quoting ccrkk10
{quote} I believe Topstep is the number one for trading futures but you may want to look around and see if you can find something better or that suits your needs more
lol, they quote their packages in buying power. How shady can you get? So $275 for $500K in buying power. It's a $5,000 account with 100:1 leverage. Be careful out there folks.
  • #123
  • Mar 22, 2021 12:06pm Mar 22, 2021 12:06pm
Quoting pipmaster77
{quote} lol, they quote their packages in buying power. How shady can you get? So $275 for $500K in buying power. It's a $5,000 account with 100:1 leverage. Be careful out there folks.
Let these wannabes waste their money buying...

If they can't even do simple maths, they don't belong anyway. Let them pretend that they are a "funded trader", no point trying to save these fools.
  • #124
  • Mar 22, 2021 12:08pm Mar 22, 2021 12:08pm
Quoting pipmaster77
{quote} lol, they quote their packages in buying power. How shady can you get? So $275 for $500K in buying power. It's a $5,000 account with 100:1 leverage. Be careful out there folks.
Yea they definitely don't match what the forex firms offer but I don't really see any other firms for futures in the states.
  • #125
  • Mar 22, 2021 1:04pm Mar 22, 2021 1:04pm
Let me explain why FTMO 10% target is better than other prop firms 8%.
1. FTMO has low spread than other broker.
2. FTMO ecn commission is lowest. ( when I open 1 lot in ftmo I have to give $3 commission but other prop firm broker I have to give 8$ commission to 100$ commission in BTC)
3. FTMO platform fill the price as it is. In funding talent Challenge account I see trade doesn't open when I just open the trade.

All together I believe Other company 8% is equal to FTMO 12%. For day trading FTMO is king.
MA provides the market's current direction and strength.
  • #126
  • Mar 22, 2021 1:36pm Mar 22, 2021 1:36pm
Quoting Rmg
Too many saviours coming up like a zombies to save us fools from the funding companies. I am tired and done defending. Buck it. Back to my cave.
I'm pro prop firm. I am funded with FTMO. There are just a lot popping up and haven't come accross a good deal yet.
  • #127
  • Mar 22, 2021 1:42pm Mar 22, 2021 1:42pm
Quoting hasib
Let me explain why FTMO 10% target is better than other prop firms 8%. 1. FTMO has low spread than other broker. 2. FTMO ecn commission is lowest. ( when I open 1 lot in ftmo I have to give $3 commission but other prop firm broker I have to give 8$ commission to 100$ commission in BTC) 3. FTMO platform fill the price as it is. In funding talent Challenge account I see trade doesn't open when I just open the trade. All together I believe Other company 8% is equal to FTMO 12%. For day trading FTMO is king.
Right, just look at recent example Topstep, $275 for 500,000 in "buying power" when quoted this way, FTMO is $640 for 10,000,000 in buying power. 100K at 100:1. Of course, nobody should ever trade like that, just doing a comparison.
  • #128
  • Mar 22, 2021 2:14pm Mar 22, 2021 2:14pm
Quoting pipmaster77
{quote} Right, just look at recent example Topstep, $275 for 500,000 in "buying power" when quoted this way, FTMO is $640 for 10,000,000 in buying power. 100K at 100:1. Of course, nobody should ever trade like that, just doing a comparison.
I think for passing a FTMO challenge 1 to 25 leverage is good enough.
MA provides the market's current direction and strength.
  • #129
  • Mar 22, 2021 2:33pm Mar 22, 2021 2:33pm
Quoting hasib
{quote} I think for passing a FTMO challenge 1 to 25 leverage is good enough.
As crypto has stated many times, $500 per day, you could do that with 1:1 if you can get 50 pips, 2:1 if you get 25, etc.
  • #130
  • Mar 22, 2021 2:51pm Mar 22, 2021 2:51pm
Quoting pipmaster77
{quote} Looking at these other firms really legitimizes FTMO even further. They run their own feed as well, spreads are razor thin and commission is low. There are no reports anywhere, I repeat, anywhere at all of them not paying. All of these firms popping up are copying one of two models: 1. FTMO/Enfoid challenge model. In the long run, by far the best model 2. 5%ers/CTI scale up quickly model. The problem with these as I have already pointed out, is if your DD allowed is less than, equal to or barely above your fee, you will only be able to trade...
Hi Pipmaster77
Can The5ers be better for swing traders (daily timeframe only)?
Thanks
  • #131
  • Mar 22, 2021 3:57pm Mar 22, 2021 3:57pm
Quoting mhipolito
{quote} Hi Pipmaster77 Can The5ers be better for swing traders (daily timeframe only)? Thanks
Doesn't matter what time frame. Use the largest account for example.....you pay $875, you have $800 in DD. What will you trade .50, maybe $1 max per pip. For simplicity, let's say $1, so you need 1400 pips to pass. Well now you have $2275 in your personal account. They will scale you to 80K, DD still 4% (3200). Maybe trade $3/pip now. You need 8000 for 10% to scale. So 2666 pips, now you have $10,275 in your personal account and they scale you to 160K (6400 in DD). So, you see, by stage 3, your personal account is winning and you keep 100%. You can keep doing the math, but I assure you the difference just grows larger with each stage of "scaling"
  • #132
  • Mar 22, 2021 4:33pm Mar 22, 2021 4:33pm
Quoting pipmaster77
{quote} Doesn't matter what time frame. Use the largest account for example.....you pay $875, you have $800 in DD. What will you trade .50, maybe $1 max per pip. For simplicity, let's say $1, so you need 1400 pips to pass. Well now you have $2275 in your personal account. They will scale you to 80K, DD still 4% (3200). Maybe trade $3/pip now. You need 8000 for 10% to scale. So 2666 pips, now you have $10,275 in your personal account and they scale you to 160K (6400 in DD). So, you see, by stage 3, your personal account is winning and you keep 100%....
Thanks for your opinion.
I will take that in mind.
  • #133
  • Edited 1:46am Mar 23, 2021 12:59am | Edited 1:46am
A complete fraud company funding talent. They have first confirm that My payment they receive through PayPal. I have all prove in payPal that I have paid them. Now they are saying they don't receive my payment. If they don't receive payment why they allow me to trade their account. when I am in profit they say without payment full confirmations they will inactive my account again. Now I am in DD because they have give me lot of mental pressure. Now they are saying they will not inactive my account. Because they want me to fail. if I pass they will say My payment is not confirm so they will not allow me any fund. complete fraud company.

who is more reliable PayPal or funding talent. PayPal is saying I have paid them but they are saying I don't pay them.



Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_12.png Size: 128 KB
MA provides the market's current direction and strength.
  • #134
  • Mar 23, 2021 7:07am Mar 23, 2021 7:07am
Quoting hasib
A complete fraud company funding talent. They have first confirm that My payment they receive through PayPal. I have all prove in payPal that I have paid them. Now they are saying they don't receive my payment. If they don't receive payment why they allow me to trade their account. when I am in profit they say without payment full confirmations they will inactive my account again. Now I am in DD because they have give me lot of mental pressure. Now they are saying they will not inactive my account. Because they want me to fail. if I pass they will...
hi Hasib,

i don't know if it'll work but in this situation i would try Pay Pal refund option because the seller is not giving you a product. .. i mean open a dispute..

https://www.paypal.com/us/smarthelp/article/faq1344
  • #135
  • Mar 23, 2021 7:14am Mar 23, 2021 7:14am
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 is not good for me though. 2% max risk to fail, but goal is to win 10% in profit .
While most other company , 10% max risk to fail, with same goal
  • #136
  • Mar 23, 2021 7:25am Mar 23, 2021 7:25am
Quoting mixedbags
{quote} 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
Hi,

The money is sent to my account with IC Markets, not funded-traders. If i decide to stop the evaluation, i can withdraw the money. Therefore it is deposit and not fee.

The deposit is less than the DD allowed. Please re-read funded-traders website.

Thanks
"The markets can remain irrational longer than you can remain solv
  • #137
  • Mar 23, 2021 7:42am Mar 23, 2021 7:42am
Quoting Miksiu
{quote} hi Hasib, i don't know if it'll work but in this situation i would try Pay Pal refund option because the seller is not giving you a product. .. i mean open a dispute.. https://www.paypal.com/us/smarthelp/article/faq1344
Yes I would second that.

Pay Pal should act swiftly because you did not receive the service/goods for which you paid.

Open a dispute via Pay Pal.

Masterrmind .......
Master your Mind then Master your Trades
  • #138
  • Mar 23, 2021 7:46am Mar 23, 2021 7:46am
Quoting PandaPaws
{quote} T4T is not good for me though. 2% max risk to fail, but goal is to win 10% in profit . While most other company , 10% max risk to fail, with same goal
Some firms are wanting max 2% DD per day with max loss of 4%, far too tight for the trader in my view when you want to make some decent gains it will be very difficult especially over a short time horizon.

This is one of the issues of concern with a Prop Firm offering a 1M account but I do understand where they are coming from it is risk management after all.

So far FTMO is looking very reasonable.

Masterrmind .......
Master your Mind then Master your Trades
  • #139
  • Mar 23, 2021 7:54am Mar 23, 2021 7:54am
A big thanks to all the traders posting valuable information here since this was the idea behind starting such a thread.

Keep it up guys it is appreciated.

Good trading,

Masterrmind .......
Master your Mind then Master your Trades
  • #140
  • Mar 23, 2021 8:02am Mar 23, 2021 8:02am
Quoting pipmaster77
{quote} Right, just look at recent example Topstep, $275 for 500,000 in "buying power" when quoted this way, FTMO is $640 for 10,000,000 in buying power. 100K at 100:1. Of course, nobody should ever trade like that, just doing a comparison.
Hi Pipmaster77,

Thanks for offering your time to post this as buying power was a concern I had as well and just because it's a 1M account doesn't mean a trader will derive more profit compared to a lower capital with higher leverage and more favorable conditions at a different Prop Firm.

Compare 1M at 10:1 leverage as opposed to say 400k @ 100:1.

I know which one stacks up better but of course all other factors need to be considered.

Masterrmind .......
Master your Mind then Master your Trades
51 traders viewing now