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  • #2,321
  • Jul 16, 2021 8:56pm Jul 16, 2021 8:56pm
Quoting pipmaster77
{quote} Lux? Did they start an evaluation model or have you gone to the dark side of paying a fee higher than the DD they give you? Say it isn't so!!!
OK, maybe the 150K isn't bad. Pay about $560 for 600 in DD, make 6% twice and then you have 6K in drawdown, make 10% and then you have 20K in DD. Key here is they don't double you, they 10X you. OK, I see the light on this one, may have to add a 4th lol.
  • #2,322
  • Jul 16, 2021 9:02pm Jul 16, 2021 9:02pm
Quoting Takisd
{quote} I dont understand what you are saying. I have accounts at FTMO and MFF, they are fine. FT is sketchy, i just bought a lux account like 20 minutes ago, lets see how they are. But hey, if you don't understand my posts, I can't help you with that. All I can do is wish you luck
FT... sketchy. In your opinion.

But your never mentioned what difficulties they posed you.

I asked this from you, read my post few pages earlier.

It would be better to know..not only for me but for all.

But let me tell you...People are doing well and getting paid.

This is what I am looking for.
Intraday only.
  • #2,323
  • Jul 16, 2021 9:40pm Jul 16, 2021 9:40pm
Update on FT 100K CHALLENGE :

I recd login credentials for 100k challenge phase 2 just today from FT.

Will be starting from Monday onwards.
Intraday only.
  • #2,324
  • Jul 16, 2021 10:08pm Jul 16, 2021 10:08pm
Quoting pipmaster77
{quote} OK, maybe the 150K isn't bad. Pay about $560 for 600 in DD, make 6% twice and then you have 6K in drawdown, make 10% and then you have 20K in DD. Key here is they don't double you, they 10X you. OK, I see the light on this one, may have to add a 4th lol.
no time limit, either
  • #2,325
  • Jul 16, 2021 10:24pm Jul 16, 2021 10:24pm
Quoting pipmaster77
{quote} OK, maybe the 150K isn't bad. Pay about $560 for 600 in DD, make 6% twice and then you have 6K in drawdown, make 10% and then you have 20K in DD. Key here is they don't double you, they 10X you. OK, I see the light on this one, may have to add a 4th lol.
For me, I stick to MFF, FT and then FTMO.

Will take more challenges within these 3 firms.

2 X 100 MFF, 2 x 100 FT, 2 x 100 FTMO is my medium term plan.
Intraday only.
  • #2,326
  • Jul 16, 2021 10:35pm Jul 16, 2021 10:35pm
Quoting pipmaster77
{quote} OK, maybe the 150K isn't bad. Pay about $560 for 600 in DD, make 6% twice and then you have 6K in drawdown, make 10% and then you have 20K in DD. Key here is they don't double you, they 10X you. OK, I see the light on this one, may have to add a 4th lol.
Traders interested in trying Lux should really read their 'Rules of Engagement' found on their website.

Paying for the $150K account means you will start on a $15K account and use it in both the evaluation and advanced stages so traders will need to know what the stages (7 stages with Fund Manager the top) are and how to progress.

Evaluation and Advanced stages Profit Target is 6% which on a $15K account is $900.

Professional and Expert account stages require a target of 10% with 4% DD (Max rel. DD).

Loss limit is based on maximum relative drawdown and it's only 4%.

Profit share is only 65% and starts from advanced account meaning 1st profit split would be 65% x closed profit derived from the 15K account.

Minimum of 29 trading days on the evaluation and advanced stages and a minimum of 49 trading days on the professional account stages.

Then they go on and on about all the ways the account can be disabled with some of it at their discretion, making it potentially nasty for the trader.

If you start at FTMO or MFF you get the full sized account from the start, Lux simply provides an account 10 times smaller until you pass evaluation and advanced stages and only then give you the account size you should have had right from the beginning.

At least it's a chance to get your fee refunded via derived profit made on the $15K 'live' account whereas with FTMO we have to have the funded account.

Personally, I dislike the Lux Trading Firm model, it sucks !

The only reason for choosing it would be that I've maxed out other funding from liked Prop Firms, I'm keen on hitting Growth Stage 6 Expert level $2.5 Million account / Growth Stage 7 Fund Manager level $10 Million account or have the time to test out my trading skills on a relatively low drawdown.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,327
  • Jul 16, 2021 10:51pm Jul 16, 2021 10:51pm
Quoting navk
{quote} For me, I stick to MFF, FT and then FTMO. Will take more challenges within these 3 firms. 2 X 100 MFF, 2 x 100 FT, 2 x 100 FTMO is my medium term plan.
Interesting.

My current preference would be FTMO then MFF then FT.

MFF is still quite young in my opinion and they still have multiple issues but that's to be expected, FTMO also had and still has issues from time to time.

If they pay well and they have limited technical issues then they certainly have my attention.

No trader enjoys being on the receiving end of multiple unanswered emails or delayed payments.

Choose wisely !

Masterrmind ........
Master your Mind then Master your Trades
  • #2,328
  • Jul 16, 2021 10:52pm Jul 16, 2021 10:52pm
Quoting navk
{quote} For me, I stick to MFF, FT and then FTMO. Will take more challenges within these 3 firms. 2 X 100 MFF, 2 x 100 FT, 2 x 100 FTMO is my medium term plan.
Yes, same here, my next goal is to double my FTMO to 400K and get MFF up to 600K. Crawling along on the 5%ers summer plan, should be funded by January and projecting to scale to the 3 million mid to end 2023. Yes, Mastermind, upon further reading, I'll pass on Lux.
  • #2,329
  • Jul 16, 2021 10:58pm Jul 16, 2021 10:58pm
Quoting Masterrmind
{quote} Interesting. My current preference would be FTMO then MFF then FT. MFF is still quite young in my opinion and they still have multiple issues but that's to be expected, FTMO also had and still has issues from time to time. If they pay well and they have limited technical issues then they certainly have my attention. No trader enjoys being on the receiving end of multiple unanswered emails or delayed payments. Choose wisely ! Masterrmind ........
Agreed. Same order here minus FT. I honestly don't think they'll be around long term. TBH, out of todays offerings, I think in 2 years, FTMO, MFF and the 5%ers are the only ones remaining. Maybe some new, great company comes along, but as of now, these are my 3 and I'm only doing the 5%ers because they introduced a challenge type model. Although I dislike their standard model, they are very reputable and I believe here to stay.
  • #2,330
  • Jul 16, 2021 11:02pm Jul 16, 2021 11:02pm
Quoting Masterrmind
{quote} Interesting. My current preference would be FTMO then MFF then FT. MFF is still quite young in my opinion and they still have multiple issues but that's to be expected, FTMO also had and still has issues from time to time. If they pay well and they have limited technical issues then they certainly have my attention. No trader enjoys being on the receiving end of multiple unanswered emails or delayed payments. Choose wisely ! Masterrmind ........
FTMO always my prefered ones...but..it is just that I lost twice in challenge and 1 funded account with them, once purely due to misleading metrix.

Then I started with MFF which was easy go for me and as well FT, because the target is just 8 % to hit.

Here the psycology works. ha..aha..

With MFF no complaints from me obsolutely. They are very good in my opinion though young.

FT... there are many doing in FT and one of my known very well experienced trader living in my city recommended FT for various reasons.

See my post earlier..he has large experience in prop firm trading and has 6 accounts within FT, MFF and FTMO.

The reason he says... FTMO has lots of publicity unlike MFF or FT. So, he considers FT, MFF and then FTMO in that order.
Intraday only.
  • #2,331
  • Jul 16, 2021 11:07pm Jul 16, 2021 11:07pm
There is one reason..why I just can not ignore FTMO ofr long... they taught me how to approach challenge models with huge capital.

Secondly, I learnt thro their failed challenges.
Intraday only.
  • #2,332
  • Jul 16, 2021 11:14pm Jul 16, 2021 11:14pm
Quoting pipmaster77
{quote} Yes, same here, my next goal is to double my FTMO to 400K and get MFF up to 600K. Crawling along on the 5%ers summer plan, should be funded by January and projecting to scale to the 3 million mid to end 2023. Yes, Mastermind, upon further reading, I'll pass on Lux.
Will catch up with you for sure.

The fact is...I took inspiration from you.
Intraday only.
  • #2,333
  • Jul 16, 2021 11:21pm Jul 16, 2021 11:21pm
Quoting navk
{quote} FTMO always my prefered ones...but..it is just that I lost twice in challenge and 1 funded account with them, once purely due to misleading metrix. Then I started with MFF which was easy go for me and as well FT, because the target is just 8 % to hit. Here the psycology works. ha..aha.. With MFF no complaints from me obsolutely. They are very good in my opinion though young. FT... there are many doing in FT and one of my known very well experienced trader living in my city recommended FT for various reasons. See my post earlier..he has large...
I'm seriously considering MFF for my next challenge.

After running the numbers between '$200K standard evaluation' and '$10K accelerated emphatic' most likely I will take the $200K Standard Evaluation challenge account.

One point about the MFF accounts that I dislike is you can only have a max account size of $300 000 which means for $600k a trader has to have a minimum of 2 accounts but that's not as bad as it sounds, although across several Prop Firms it becomes rather interesting.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,334
  • Jul 17, 2021 4:34am Jul 17, 2021 4:34am
Signed up for MFF 200K this morning and had my trading account details sent through within few hours. Ready to rock and roll.
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Trading is SIMPLE not EASY.
  • #2,335
  • Jul 17, 2021 4:41am Jul 17, 2021 4:41am
Quoting garfield75
Signed up for MFF 200K this morning and had my trading account details sent through within few hours. Ready to rock and roll. {image}
Best of trading to you.

Masterrmind .........
Master your Mind then Master your Trades
  • #2,336
  • Jul 17, 2021 6:58am Jul 17, 2021 6:58am
Quoting Masterrmind
{quote} I'm seriously considering MFF for my next challenge. After running the numbers between '$200K standard evaluation' and '$10K accelerated emphatic' most likely I will take the $200K Standard Evaluation challenge account. One point about the MFF accounts that I dislike is you can only have a max account size of $300 000 which means for $600k a trader has to have a minimum of 2 accounts but that's not as bad as it sounds, although across several Prop Firms it becomes rather interesting. Masterrmind .........
Great choice, I posted a comparison of eval vs accelerated, it is hands down, not even close.
  • #2,337
  • Jul 17, 2021 10:25am Jul 17, 2021 10:25am
Quoting pipmaster77
{quote} Lux? Did they start an evaluation model or have you gone to the dark side of paying a fee higher than the DD they give you? Say it isn't so!!!

I had a pretty hefty payout as I mentioned to you in DM and am kinda just wasting my money on programs for now trying to get some invoices and stuff for tax season. Bought a new pc yesterday and a whole bunch of other "work related" expenses too.

When I was trading just my own money it was much easier to manage taxes.

I was going to try theproptrading and say hello to the scam broker they operate on but i saw their webtraffic has dropped so hardcore lately that its likely i will not see anything from them.

In terms of webtraffic and security there are only 4 companies that are "positive" right now and its the obvious ones. Perhaps the market will thin back out over time. The next thing I may consider is our good friend Mr Heng and his global prime magic. But maybe not some days I am excited about prop, other days tired of it, for lux will just set up an emulator and let it copy my regular trading.

Edit: Already kinda regretting the lux purchase after looking deeper into the offshore broker. Can't say that a swiss regulation means anything if you are using some bucketshop as your broker.
  • #2,338
  • Edited 11:50am Jul 17, 2021 11:40am | Edited 11:50am
Ready for phase 2.

And if at all.... I mean if at all, whether I fail or FT fail ... does not matter to me. For that matter, any firm MAY FAIL. And we all know that new ones will come up.

And for me...it had been an easy go at FT. Reason being..nothing is charged in my trading account as fee or spread. So tight.. So reaching the line is so easy as long as you have a reasonable trading set up and maintaining risk tolerance.

I do not consider any criticism being pasted on any Firm... simple reason, I have only one agenda... that is earning thro my own trading and skills with any FIRM who have reasonable reputation. No one knows which Firm will fail and when.

For those whose aim is to pass challenge easily one must seriously consider wherin I am doing.

That is all guys.
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Intraday only.
  • #2,339
  • Jul 17, 2021 12:21pm Jul 17, 2021 12:21pm
Quoting Takisd
{quote} I had a pretty hefty payout as I mentioned to you in DM and am kinda just wasting my money on programs for now trying to get some invoices and stuff for tax season. Bought a new pc yesterday and a whole bunch of other "work related" expenses too. When I was trading just my own money it was much easier to manage taxes. I was going to try theproptrading and say hello to the scam broker they operate on but i saw their webtraffic has dropped so hardcore lately that its likely i will not see anything from them. In terms of webtraffic and security...

I'm guessing the 4 are FTMO, FT, MFF and 5ers.
Of these 4, the only one i expect to drop in traffic(maybe insignificantly) is 5ers due to the conclusion of the summer plan.
Wouldn't touch thepropfirm with anything right now.... better off going with Buoytrade or Enfoid (weird that i still haven't seen any one here with some first hand report or review yet)..

As for my FT challenge, my time expired at stage 2.. Starting the retry next week. Once i conquer that, i'll get a 100k account then port over to MFF and an FTMO Swing account. (my experience with 5ers' 1:10 has shown me that FTMO's 1:30 will be more than enough)
5ers summer account still ongoing.
  • #2,340
  • Jul 17, 2021 12:33pm Jul 17, 2021 12:33pm
Quoting Koop
{quote} I'm guessing the 4 are FTMO, FT, MFF and 5ers. Of these 4, the only one i expect to drop in traffic(maybe insignificantly) is 5ers due to the conclusion of the summer plan. Wouldn't touch thepropfirm with anything right now.... better off going with Buoytrade or Enfoid (weird that i still haven't seen any one here with some first hand report or review yet).. As for my FT challenge, my time expired at stage 2.. Starting the retry next week. Once i conquer that, i'll get a 100k account then port over to MFF and an FTMO Swing account. (my experience...

I was on enfoid last night and it confused the bajezus out of me. I may just settle for FTMO and MFF for now but will continue along with lux.
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