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  • #421
  • Apr 18, 2021 3:26am Apr 18, 2021 3:26am
Quoting garfield75
Anyone tried or have info on XLtrade? https://www.xltrade.net/ {image} {image} {image} {image} {image} {image}
Haha! You have to deposit 8 000$ real money, and we will give you 100 000$ demo and if your DD will be >5% we will take all your real money to cover our virtual losses that's f^&* awasome
Observer effect
  • #422
  • Apr 18, 2021 3:38am Apr 18, 2021 3:38am
I couldn't help but compare the xltrade.net program to that of MyFxFunds as they both offer 80% profit-share.

It appears that the former, besides being more expensive, has a tougher requirement: you have to make a gain of 10% every cycle (30 days) for the evaluation which can take from 60-90 days. So that's a total of 20%-30% profit target versus the 15% target needed to pass the two phases of MFF's Standard Evaluation account.
Amor Fati--F. Nietzsche
  • #423
  • Apr 18, 2021 3:38am Apr 18, 2021 3:38am
Quoting ryuryu
{quote} Haha! You have to deposit 8 000$ real money, and we will give you 100 000$ demo and if your DD will be >5% we will take all your real money to cover our virtual losses that's f^&* awasome
Its in plain English, read fully and understand then comment on it.
on a postive roll...
  • #424
  • Apr 18, 2021 4:46am Apr 18, 2021 4:46am
Quoting garfield75
This is another one that I think is worth giving a go. https://www.lepusproprietarytrading..../probation-mex {image}

Yes, this seems a real business.
  • #425
  • Apr 18, 2021 4:47am Apr 18, 2021 4:47am
Quoting profitfarmer
{quote} in short: NO, this one doesnt worth considering for anyone with a sane mind!
Feel free to explain in detail your view.
Trading is SIMPLE not EASY.
  • #426
  • Apr 18, 2021 5:44am Apr 18, 2021 5:44am
Quoting garfield75
{quote} Feel free to explain in detail your view.
shouldnt,
but
if you really feel to earn IB commissions for 3 months to a firm for a bunch of restriction, including not missing a SL, 30:1 max leverage, and not able to open a second entry on the same symbol,
all that to qualify a whopping 10.000$ acct...
then all the best with it.

but hey, there is a good news to this firm too:
there is a 12-months mentoring/trainign for only 1 x full payment of $6,500 (normally $8388)!
with a chance to trade a 50.000$ acct after...
yes, a chance, only...
bcos, even though you grind true their training,
including but not limited to:
"The Jackson Capital News Release Strategy (This strategy has a 100% win rate… This is used by all my traders and hasn’t failed since 2014.)– Module 9"
or
My Secret 50% Convergence Rule (My most important amalgamation of rules and the pinnacle of the trading system used at both my companies! This is the golden egg.) – Module 8

you still wont be granted the funded acct to trade, even your last 3 months used as evaluation, like the above example 2000$ own acct guy...

"*During the last 3-months of training, applicants will be examined for their adherence to Richard's strategies and trading acumen. Please note: There is no guarantee of allocation. Only successful applicants will be given a minimum allocation of $50,000 to trade for the firm, subject to preference. Profits on this account will be split between yourself and Jackson Capital subject to the terms of the agreement between trader and Jackson Capital."

so if the 12-month paid program guy is subject for who knows what preferences and has no guarantee, only the trading gods would know what kind of excuses the lowly IB acct sign up guys would face end of their 3 month...
for the grand price of moving to a 10000$ prop acct!

this is my take.
feel free to explain in details your view too!
lets hear why it is a great offer?


PS.
IB it multibankfx works out nicely for referring a "friend" too. coincidentally the minimum 2000$ a good amount.
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there is always, always another trade!!
  • #427
  • Apr 18, 2021 6:00am Apr 18, 2021 6:00am
Quoting profitfarmer
{quote} shouldnt, but if you really feel to earn IB commissions for 3 months to a firm for a bunch of restriction, including not missing a SL, 30:1 max leverage, and not able to open a second entry on the same symbol, all that to qualify a whopping 10.000$ acct... then all the best with it. but hey, there is a good news to this firm too: there is a 12-months mentoring/trainign for only 1 x full payment of $6,500 (normally $8388)! with a chance to trade a 50.000$ acct after... yes, a chance, only... bcos, even though you grind true their training,...

- on the detailed review
- by a commercial member
Trading is SIMPLE not EASY.
  • #428
  • Apr 18, 2021 6:01am Apr 18, 2021 6:01am
Quoting garfield75
This is another one that I think is worth giving a go. https://www.lepusproprietarytrading..../probation-mex {image}
Yeah this is a real buisness, Real people to work with ect.

I went to an info session they did in my city, and met the founder, its a good business.
- i have no doubts that they pay their bills and run their business well.

But my conclusion was that if your a good trader, and know how to make money, the fast money for you (or in my case) was to go with FTMO, or something similar.
The progression through the ranks at Lepus would have been comparatively slower.

If your growing in the learning curve and just applying a few simple strategies based on probabilities, then this one may be for you.

Each to their own though.
  • #429
  • Apr 18, 2021 6:14am Apr 18, 2021 6:14am
Quoting garfield75
Anyone tried or have info on XLtrade? https://www.xltrade.net/ {image} {image} {image} {image} {image} {image}
Now this does sound appealing at first read.

I have not visited the site but what you posted sounds great.

I like the fact the 8% is used as a security deposit to cover the DD ... professional statement right there!

I have no idea of what this firm is like to deal with but certainly would like to hear it from those who do know.

One area of concern was having no max daily loss yet an account DD of 5%, perhaps not such an issue but I'll dig further.

Masterrmind .......
Master your Mind then Master your Trades
  • #430
  • Apr 18, 2021 6:19am Apr 18, 2021 6:19am
Quoting garfield75
{quote} - on the detailed review - by a commercial member
err, you imply i must be stupid reading their site?
or the quotes arent quoted from their site but i pulled them from thin air?

arent a bit judgemental ( nowadays the trendy word 'racist') by going that status label and not the content?

i would still like to hear all your side of the story why you think that it is such a great offer?
there is always, always another trade!!
  • #431
  • Apr 18, 2021 6:39am Apr 18, 2021 6:39am
Quoting SilverHand
I'm debating between Fidelcrest and FTMO. Fidelcrest is cheaper but there have been bad reviews. However, it seems that the bad reviews are due to the rules violation and they have changed the rules since. Is Fidelcrest worth doing?
My opinion would be FTMO.

Simply based on my own research however, I have not yet traded with Fidelcrest.

Masterrmind .......
Master your Mind then Master your Trades
  • #432
  • Apr 18, 2021 1:03pm Apr 18, 2021 1:03pm
multibankfx is a dodgy ass broker run by dodgy ass people. Stay the hell away from anyone using them or if they solicit you stay away from them. Its a chinese b book farm.
  • #433
  • Apr 18, 2021 1:41pm Apr 18, 2021 1:41pm
[quote=profitfarmer;13499933]{quote}
else, for alternative, with a lot more relaxed track record rule, and a moderate profit share in comparison ( but completely free) i can recommend AxiSelect to everyone.

Yes, I would be all over that. However, due to the protecting me from myself regulations in the USA, I cannot sign up for that. Thanks again, CFTC, glad you have my back.
  • #434
  • Apr 18, 2021 2:56pm Apr 18, 2021 2:56pm
Quoting Masterrmind
{quote} Now this does sound appealing at first read. I have not visited the site but what you posted sounds great. I like the fact the 8% is used as a security deposit to cover the DD ... professional statement right there! I have no idea of what this firm is like to deal with but certainly would like to hear it from those who do know. One area of concern was having no max daily loss yet an account DD of 5%, perhaps not such an issue but I'll dig further. Masterrmind .......
the issue is, looking a little more into them, that there is very little to no information around.
1 single review on FPA for XLtrade.
their site has little info.
nothing on trading conditions/cost.
a name dropped as the source of funds, "XLTRADE is backed by Chimara Ltd, which in turn is backed by a pool of sophisticated investors globally with substantial capital invested."
Chimara's site is fresh, the exact same look and feel as XLTrade. they supposedly have elite traders, but pick from those XLtrade, refer back to that.
4 international offices mentioned, such a big firm, this Chimara.
head office in Tortola BVI, in a "mall", what ppl call " a seedy place" and "it isnt a mall".
Chimara has a head trader name, but internet virtually knows nothing about that guy. i am a nobody, literally a ghost online, but probably my name would bring up more result.
his linked-in acct disable/deleted/missing.
XLtrade phone number is: ++44 (0) 203 290 8808
looks like a London-area UK number.
but it is not. a so called virtual number, allegedly cost about 3gbp a month to make appear that someone has a UK number, when it isnt.
why a UK number? a good target market, also ppl seem to trust in that.
coincidentally, Chimara has offices listed in BVI (HQ) and Monaco, Dubai, Singapore. nothing in UK. per the internet, most (0)203 numbers used by scammers.

what is my conclusion:
from the available, extremely limited info to find, what can be found is painting a questionable profile.
until after more, solid, and importantly positive info emerges about the firm, their LP partner, location, phone, a more transparent website....i wil sit this out on the sideline.
the above info i wrote is result of a quick internet search into the firm, not all complete, omitted head trader name, not mention similar sounding name to some existing trade related businesses ( 1 letter variant), etc.
they can very well be a totally fine legit company, and i would be the most happy to know that, and have all above suspicious sounding disproved.
but i wont be putting 8k of my money to find out, will wait for the good or bad evidence from others who have more spare change.

happy trading!
Z(0) 203 290 880844 +44 (0) 203 290 8808(0) 203 290 8808
there is always, always another trade!!
  • #435
  • Apr 18, 2021 3:40pm Apr 18, 2021 3:40pm
Quoting profitfarmer
{quote} the issue is, looking a little more into them, that there is very little to no information around. 1 single review on FPA for XLtrade. their site has little info. nothing on trading conditions/cost. a name dropped as the source of funds, "XLTRADE is backed by Chimara Ltd, which in turn is backed by a pool of sophisticated investors globally with substantial capital invested." Chimara's site is fresh, the exact same look and feel as XLTrade. they supposedly have elite traders, but pick from those XLtrade, refer back to that. 4 international...
I had the same doubt, UK number listed but no address, I can pay a visit lol.
on a postive roll...
  • #436
  • Apr 18, 2021 4:03pm Apr 18, 2021 4:03pm
I truly think we are at a stage now where we will see numerous new offerings on a weekly basis. Everyone trying to jump on board based on the success of the proven companies we already know and trust. Each one will try to outdo the other, but at the end of the day, the most important thing is.....WILL YOU GET PAID?
I've already posted several times, first thing to look at is fee vs DD offered. If fee is higher than DD, you can place that fee in a personal account and by stage 3 you will have more money in personal account and keep 100%. IMO, the challenge/verification model offered where you pay $500-800 for 100K account with 10% DD and 100:1 leverage is by far the superior model. Offers way more freedom and breathing room. Keeping in mind, those will be your conditions once you pass as well. There are several companies offering such model, your own due diligence will reveal who pays and who has issues. As far as the newcomers, yes, 85% is better than 70%, 70% is better than 50%....but once again, none of it matters until I see 12-18 months of "perfect" payouts. I only know of 2 such companies once I apply that filter. Actually, 3, but one offers a model I've described above and offers no real advantage to the trader.
  • #437
  • Apr 18, 2021 4:53pm Apr 18, 2021 4:53pm
Lol Crazy times.

Stumbled across one named Dt4x - www.dt4x.com earlier this year. Homepage of the site is almost a carbon copy of FTMO's but they seemed to sweeten their deal more with some extra offers.
Even included a biweekly profit payment arrangement and way way cheaper challenge fees, with as low as $250 for a 100k challenge at the time.
Phone number didn't check out, neither did address and worst of all all support channels were closed for weeks in January, including a dead Facebook group with 2 pay out proofs from people who don't seem to know anything about trading.

Another one called ecocapital which claims to be In the UK or so but provides a Ghanaian phone number as customer care... And handles most of its operations through telegram instead of a website.

It's a really weird "industry". Best to stick with the popular ones who actually have something to lose if they fuck up.
  • #438
  • Apr 18, 2021 5:43pm Apr 18, 2021 5:43pm
Quoting Koop
Lol Crazy times. Stumbled across one named Dt4x - www.dt4x.com earlier this year. Homepage of the site is almost a carbon copy of FTMO's but they seemed to sweeten their deal more with some extra offers. Even included a biweekly profit payment arrangement and way way cheaper challenge fees, with as low as $250 for a 100k challenge at the time. Phone number didn't check out, neither did address and worst of all all support channels were closed for weeks in January, including a dead Facebook group with 2 pay out proofs...
As you know Koop, I am all over this, had another fellow trader do some investigating on DT4X, here is what they found:

Anyway, first off, they aren't even accredited. If they are a UK financial company they need to be the FCA. They are not a memeber of the financial conduct authority.

So I decided to look for their business license and address in scotland. First, the office building does not have them there. So then finally someone was able to help me. The building has a service for digital business addresses. They are registered under the digital business. THEre is no actual office.

But they have a UK license number. So I was finally able to find where they really are, and they are basically like a mom and pop shop. They are small business retail seller, nothing to do with finance.

I have all the links and pictures. I saved it all cause I was thinking of maybe making a new thread about it. I askesd them about being a finance company in forex without having an FCA license and their reply is

They don't need an FCA license because they do not take any investor funds and only invest their own internal funds.

scam.
  • #439
  • Apr 18, 2021 5:48pm Apr 18, 2021 5:48pm
Quoting Koop
Lol Crazy times. Stumbled across one named Dt4x - www.dt4x.com earlier this year. Homepage of the site is almost a carbon copy of FTMO's but they seemed to sweeten their deal more with some extra offers. Even included a biweekly profit payment arrangement and way way cheaper challenge fees, with as low as $250 for a 100k challenge at the time. Phone number didn't check out, neither did address and worst of all all support channels were closed for weeks in January, including a dead Facebook group with 2 pay out proofs...
It was actually genius of Mastermind to start this thread, with all of us locating, researching, using these firms, should keep us with the good ones and avoid anyone getting scammed.
  • #440
  • Apr 18, 2021 6:10pm Apr 18, 2021 6:10pm
Quoting pipmaster77
{quote} As you know Koop, I am all over this, had another fellow trader do some investigating on DT4X, here is what they found: Anyway, first off, they aren't even accredited. If they are a UK financial company they need to be the FCA. They are not a memeber of the financial conduct authority. So I decided to look for their business license and address in scotland. First, the office building does not have them there. So then finally someone was able to help me. The building has a service for digital business addresses. They are registered under...
Haha this is sickening. A small retail shop?
And people on Facebook actually paid these people money. Can't blame them though, I almost did too before I made my findings.

I have a feeling these scam firms are gonna rip people off and involuntarily drag in some serious regulation into the remote/online prop trading domain.
I don't know if this would be a good or bad thing in the long run, but I don't believe the good offers from the good firms would remain the same with too much limiting regulations
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