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  • #2,141
  • Jul 8, 2021 7:58am Jul 8, 2021 7:58am
Quoting MyForexFunds
{quote} Hey everyone, Sorry to intrude on the thread. Hi Marzy, I am not sure who told you that the 2 pip spread is normal, as you can see from the symbol in metatrader that 2 pip spread gbpusd symbol isn’t tradeable. It is there to allow calculation of the CFD’s for settlement as they don’t trade in USD, in this case UK100. Our GBP/USD spread is normally around the 0.2 area. We have no problem refunding you, or anyone for that matter should they not wish to continue with us (but haven’t traded their account), as another user said we do process...
Thank you for your reply here.
Update: I just received a email saying my order has been refunded a few minutes ago. So thank you for that!

I do not know how to private message. But would you send me your email address so I can forward you the full email correspondence documenting what your colleague said. I believe this is important to avoid any other trader going through the same experience as me.
  • #2,142
  • Jul 8, 2021 8:07am Jul 8, 2021 8:07am
Damn, The thread's booming. I'v seen TomasFTMO lurk around in the past, Now Buoytrade and MyForxFunds have recently swung by to say hello.

@Masterrmind!! you better not forget us when you start getting advertisement contracts and cashing those cheques you evil genius.
  • #2,143
  • Jul 8, 2021 11:23am Jul 8, 2021 11:23am
Quoting Koop
Damn, The thread's booming. I'v seen TomasFTMO lurk around in the past, Now Buoytrade and MyForxFunds have recently swung by to say hello. @Masterrmind!! you better not forget us when you start getting advertisement contracts and cashing those cheques you evil genius.

Soon everyone will come here with their complaints to try to get freebies and shit. I saw some guy on facebook recently who broke the rules be like "IF they dont give me a free retry I am going to make a facebook campaign against them and get my friends to report them all to the authorities". Its funny but also would suck to be a legit company when people like that are roaming around.
  • #2,144
  • Jul 8, 2021 11:46am Jul 8, 2021 11:46am
Update: Full email chain forwarded to Yavuz. Sorry for hijacking the thread to share my problem. And thank you all for sharing all the useful information!
  • #2,145
  • Jul 8, 2021 4:23pm Jul 8, 2021 4:23pm
Quoting marzy
First post here after being a silent reader for many years. Finally decided to purchase a MFF Evaluation after reading the many good reviews. However I later discovered they have a 2 pips spread for GBP/USD on top of a $3 commission during London hours! How do any of you scalp with this spread? I checked with them over email that I can request for a refund if I don't like the spread since I have not started trading yet. To my horror, they stopped responding once I requested for a refund! Had to contact my credit card to dispute this transaction...
Wow !

That is certainly a red flag but you never know they may have a 'valid' reason.

Keep us posted and I wish you a speedy recovery of your refund.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,146
  • Jul 8, 2021 4:26pm Jul 8, 2021 4:26pm
Quoting Koop
Damn, The thread's booming. I'v seen TomasFTMO lurk around in the past, Now Buoytrade and MyForxFunds have recently swung by to say hello. @Masterrmind!! you better not forget us when you start getting advertisement contracts and cashing those cheques you evil genius.
Just remember it's what us traders post here that can eventually filter through to the Prop Firms and due to competition greatly benefit the challenge takers.

Genius .... hmmm

Good trading,

Masterrmind .........
Master your Mind then Master your Trades
  • #2,147
  • Jul 8, 2021 4:54pm Jul 8, 2021 4:54pm
Quoting Masterrmind
{quote} Wow ! That is certainly a red flag but you never know they may have a 'valid' reason. Keep us posted and I wish you a speedy recovery of your refund. Masterrmind .........
What is so red flag about someone asking about a spread that is on a greyed out instrument and then a lazy support staff member being lazy? I spose the lazy support staff member is a bit alarming but even Verizon is like that and goldman sachs on my bank accounts.

God forbid we open up our opinion of airline service on here... everything will be a red flag.

I see two errors here, one by Marzy and one by some MFF support member. Marzy for not knowing that a greyed out symbol isn't a tradable instrument and MFF support for not saying "hey, thats not our spread, thats a greyed out symbol". If either party knew what they were doing the conversation wouldn't even be here in FF lol.
  • #2,148
  • Jul 8, 2021 5:20pm Jul 8, 2021 5:20pm
Does anyone know what the spreads are like for Funding Talent?
  • #2,149
  • Jul 8, 2021 7:11pm Jul 8, 2021 7:11pm
FTMO - The verification stage is done. open and close a micro lot trade for next 6 days to get the stamp of approval.

Challange Stage Stats

  1. 10%
  2. 16 days
  3. 69 trades

Verification Stage

  1. 5%
  2. 4 days
  3. 8 trades

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Trading is SIMPLE not EASY.
  • #2,150
  • Jul 8, 2021 7:15pm Jul 8, 2021 7:15pm
Quoting MyForexFunds
{quote} Hey everyone, Sorry to intrude on the thread. Hi Marzy, I am not sure who told you that the 2 pip spread is normal, as you can see from the symbol in metatrader that 2 pip spread gbpusd symbol isn’t tradeable. It is there to allow calculation of the CFD’s for settlement as they don’t trade in USD, in this case UK100. Our GBP/USD spread is normally around the 0.2 area. We have no problem refunding you, or anyone for that matter should they not wish to continue with us (but haven’t traded their account), as another user said we do process...
Haha. Typical.. Go to the media & "poof" the problem is solved. Gotta keep the bastards honest.
Look Left Trade Right
  • #2,151
  • Jul 8, 2021 7:24pm Jul 8, 2021 7:24pm
Quoting Basill
{quote} Haha. Typical.. Go to the media & "poof" the problem is solved. Gotta keep the bastards honest.
There was never an issue though. The trader was looking at the spread on a greyed out symbol.
  • #2,152
  • Jul 8, 2021 7:48pm Jul 8, 2021 7:48pm
Thanks, Masterrmind! I finally received a email saying my order will be refunded shortly after MFF's Yavuz posted here.

To everyone else: Sorry I did not know there are non-tradable symbols on MT4. I used the GBP/USD chart shown during MT4 setup to monitor the spread. I emailed MFF 4 times asking about the 2 pips spread, received 1 reply that this is normal for their broker, and a 2nd reply that I can ask for a refund if i don't like the spread. The red flag for me was when I stop getting any response after I requested for the refund! I later copied their general support email only to have someone inform me I had to email billing for refund. Unfortunately nobody else picked up on the incorrect information conveyed to me about the spread. Even after emailing their billing for a refund, there was still no reply up till the point I posted here & MFF replied.

So yes, maybe there was never an issue for any of you here who are more experienced than me, and the error was on my part. I assumed I will receive the most accurate information by contacting MFF directly, but that was not the case for me. Anyway I have forwarded the full email chain to Yavuz for review, so hopefully this doesn't happen again to anyone else like me.
  • #2,153
  • Jul 8, 2021 7:51pm Jul 8, 2021 7:51pm
Quoting Basill
{quote} Haha. Typical.. Go to the media & "poof" the problem is solved. Gotta keep the bastards honest.

Its like you didn't even read what happened you just decided it was an opportune time to use the word "bastards" and "poof".
  • #2,154
  • Jul 8, 2021 8:08pm Jul 8, 2021 8:08pm
Quoting Takisd
{quote} What is so red flag about someone asking about a spread that is on a greyed out instrument and then a lazy support staff member being lazy? I spose the lazy support staff member is a bit alarming but even Verizon is like that and goldman sachs on my bank accounts. God forbid we open up our opinion of airline service on here... everything will be a red flag. I see two errors here, one by Marzy and one by some MFF support member. Marzy for not knowing that a greyed out symbol isn't a tradable instrument and MFF support for not saying "hey,...
Hence the last part of that sentence I posted stating unless they have a valid reason.

Eventually, the reason comes forward.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,155
  • Jul 8, 2021 8:15pm Jul 8, 2021 8:15pm
Quoting marzy
Thanks, Masterrmind! I finally received a email saying my order will be refunded shortly after MFF's Yavuz posted here. To everyone else: Sorry I did not know there are non-tradable symbols on MT4. I used the GBP/USD chart shown during MT4 setup to monitor the spread. I emailed MFF 4 times asking about the 2 pips spread, received 1 reply that this is normal for their broker, and a 2nd reply that I can ask for a refund if i don't like the spread. The red flag for me was when I stop getting any response after I requested for the refund! I later copied...
It's ok to post here marzy, you did what you thought was the right thing so kudos to you.

Calling Prop Firms out as you did let's the rest of us traders see how the case gets handled.

Well done to MFF to respond.

Masterrmind ........
Master your Mind then Master your Trades
  • #2,156
  • Jul 8, 2021 8:17pm Jul 8, 2021 8:17pm
Quoting Masterrmind
{quote} Hence the last part of that sentence I posted stating unless they have a valid reason. Eventually, the reason comes forward. Masterrmind .........

Alarmist language is what gets orange people elected president.
  • #2,157
  • Jul 8, 2021 9:31pm Jul 8, 2021 9:31pm
Quoting Takisd
{quote} Its like you didn't even read what happened you just decided it was an opportune time to use the word "bastards" and "poof".
Thin skins.
Look Left Trade Right
  • #2,158
  • Jul 8, 2021 9:45pm Jul 8, 2021 9:45pm
FXSeed is at 19 all negative reviews on Trustpilot, they need to be shut down.
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  • #2,159
  • Jul 8, 2021 11:56pm Jul 8, 2021 11:56pm
Quoting Takisd
{quote} Alarmist language is what gets orange people elected president.
Let's keep the thread on track.

Politics is something far removed from this thread.

Masterrmind ..........
Master your Mind then Master your Trades
  • #2,160
  • Jul 9, 2021 12:03am Jul 9, 2021 12:03am
Out of interest is there any trader here who has made it through to a funded account with FTMO starting with a 200k challenge.

I'm not referring to merged lower valued accounts.

Masterrmind .........
Master your Mind then Master your Trades
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