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  • #3,961
  • Sep 20, 2021 6:40am Sep 20, 2021 6:40am
Quoting Koop
{quote} Lol you private investigators are doing the Lord's work. I'd ignore them for now. Not worth risking. in other news - Funding talent review {image} This can't be true right? something is missing.... This is just too much.
Almost sounds convincing.

Although for FT to make a 10K overpayment when they appear to be in financial distress makes no sense at all.

Not paying the trader for rightful profit earned is FT in a nut shell.

Masterrmind .........
Master your Mind then Master your Trades
  • #3,962
  • Sep 20, 2021 7:05am Sep 20, 2021 7:05am
Quoting Nsak3y
{quote} -I hope that you are wrong about it. To be fully honest, this was the most concerning part of their offerings for me. I asked them a lot about this, because I had those same concerns. Unfortunately, as you say, they can decide, for whatever reason, to close your account. I suppose that any firm could do that, realistically, but it does make you think. I was told many times that it would be very rare for that to happen, but I still have doubts about it. I will say that FTMO was at the top of my list until MFF came along. I was reluctant,...

Accelerated sucks, but if you are going to trigger a pay period then why wouldn't they take their share? You are make a decision yourself for yourself, and they say "Sure you can do that, but we take our part out".. Kinda confusing on why you think they shouldn't take their share.

Also, you are the first person who has suggested MFF automating things is a potentially bad thing Man, if all my stuff was automated with everyone I would just stay in my dungeon trade and eat cookies.
  • #3,963
  • Sep 20, 2021 7:05am Sep 20, 2021 7:05am
Quoting Masterrmind
{quote} Almost sounds convincing. Although for FT to make a 10K overpayment when they appear to be in financial distress makes no sense at all. Not paying the trader for rightful profit earned is FT in a nut shell. Masterrmind .........
10k overpayment is highly incompetent...
  • #3,964
  • Sep 20, 2021 8:17am Sep 20, 2021 8:17am
Quoting Takisd
Accelerated sucks, but if you are going to trigger a pay period then why wouldn't they take their share? You are make a decision yourself for yourself, and they say "Sure you can do that, but we take our part out".. Kinda confusing on why you think they shouldn't take their share. Also, you are the first person who has suggested MFF automating things is a potentially bad thing Man, if all my stuff was automated with everyone I would just stay in my dungeon trade and eat cookies.
-I am honestly not even sure if you read my comments fully or not. I never suggested that MFF do not take their share of profits, in fact, I suggested the opposite so that they could get paid, even in the event that a trader elected to keep some profits in the account.

Also, regarding automation, I never said that it was a bad thing. Again, just the opposite. I was simply speculating about why they might be against the idea after proposing that it could be set up that way.

Quoting Koop
in other news - Funding talent
-I would not touch FT with a ten-foot pole, personally.
  • #3,965
  • Sep 20, 2021 3:47pm Sep 20, 2021 3:47pm
Some of us wouldn't touch the CEO with a 10-foot pole, nevermind trading for FT.
  • #3,966
  • Sep 20, 2021 3:49pm Sep 20, 2021 3:49pm
I want to say a big BIG thank you to everyone sharing their ongoing prop firm experience here. Sharing your experience throughout time with these prop firms is of tremendous help!

For now, I am looking at FTMO only. If their services stay just as good after a good year with them, I will seriously consider replacing my personal account. To allocate funds elsewhere is worth much more than the 10-20% they charge.

If it was not for you, like pipmaster and others here so generous in sharing their experience, I would never consider it. Just sounded too good to be true.

That first month is quite a challenge. I will have to take as many retakes as necessary. Start small, build up just at around midway, all depending, making sure I am in the positive no matter what, and use break-even far more than I am used to in the hopes that a rare series of wins will come at the right time...

Thanks again for the very useful and sometimes quite entertaining read !
  • #3,967
  • Sep 20, 2021 7:36pm Sep 20, 2021 7:36pm
Quoting leosfx
I want to say a big BIG thank you to everyone sharing their ongoing prop firm experience here. Sharing your experience throughout time with these prop firms is of tremendous help! For now, I am looking at FTMO only. If their services stay just as good after a good year with them, I will seriously consider replacing my personal account. To allocate funds elsewhere is worth much more than the 10-20% they charge. If it was not for you, like pipmaster and others here so generous in sharing their experience, I would never consider it. Just sounded too...
Keep in mind, as this is one of the BIGGEST benefits of prop firms, when you say "to allocate funds elsewhere is worth much more than the 10-20% they charge." I simply view this as a premium I pay (kind of like insurance) to NEVER have any of my own money at risk. Remember, your entire risk is your initial fee, which is refunded with your first split, so you have ZERO of your own money at risk. Black sawn event, broker goes belly up, etc., although rare and unlikely, you lose all the money in the account. Not saying one or the other is better, just food for thought.
  • #3,968
  • Sep 20, 2021 8:29pm Sep 20, 2021 8:29pm
Quoting pipmaster77
I simply view this as a premium I pay (kind of like insurance) to NEVER have any of my own money at risk. Remember, your entire risk is your initial fee, which is refunded with your first split, so you have ZERO of your own money at risk.
-That is exactly right. It is absolutely a no-brainer for me, personally. I have spoken to some traders that do not seem to understand this and/or are just dismissive about it. Even traders with large capital can make use of a trade copier in order to bring in more profits and diversify income sources while further-mitigating risk. Likely, few traders can honestly say that their time is too valuable to justify not doing so.
  • #3,969
  • Sep 20, 2021 11:24pm Sep 20, 2021 11:24pm
Hello everyone, a few weeks ago I had an interview with one of the agents of audacity capital and I passed it satisfactorily.

However at the moment, while I have the experience and profitable ability, I don't have a lot of money (it's a long story).

Could someone tell me an approximate number of initial capital that I will need to start working with them, or in general, what is the typical capital that is paid in the set-up of working with a prop firm?


I think there is an initial payment of between 100-300 dollars to start the demo test, and then a monthly payment for the trading platform, although I'm not very sure about the latter.

The truth is that I don't have a lot of money, but experience and technical ability (the psychological aspect failed me), I know perfectly well the mistakes I made, since I follow a strict diary, and I have solved them.

I would like to find a serious investment firm that requires few initial payments with which to generate profitability and start making money again.

By the way, audacity capital warned me that I should close the trades at the close of the day. I am a medium-term trend following trader, but I also do scalping.

Which investment firms are best suited for more longer term trading? (3-4 months trades)

Thank you all.
  • #3,970
  • Sep 20, 2021 11:46pm Sep 20, 2021 11:46pm
Quoting jonander50
Hello everyone, a few weeks ago I had an interview with one of the agents of audacity capital and I passed it satisfactorily. However at the moment, while I have the experience and profitable ability, I don't have a lot of money (it's a long story). Could someone tell me an approximate number of initial capital that I will need to start working with them, or in general, what is the typical capital that is paid in the set-up of working with a prop firm? I think there is an initial payment of between 100-300 dollars to start the demo test, and then...
Look for evaluation model. Two stage model.

MFF, FTMO are there.

Mostly both provide same. Fee wise MFF is slightly cheaper.

MFF charges 300 bucks for 50k and 500 bucks for 100k account.

FTMO slighly expensive but offerings are almost similar to MFF.
Intraday only.
  • #3,971
  • Sep 21, 2021 2:45am Sep 21, 2021 2:45am
Quoting jonander50
Hello everyone, a few weeks ago I had an interview with one of the agents of audacity capital and I passed it satisfactorily. However at the moment, while I have the experience and profitable ability, I don't have a lot of money (it's a long story). Could someone tell me an approximate number of initial capital that I will need to start working with them, or in general, what is the typical capital that is paid in the set-up of working with a prop firm? I think there is an initial payment of between 100-300 dollars to start the demo test, and then...
Avoid monthly sub firms.
AS nAvk and others have suggested, go for challenge firms like FTMO or MFF. You don't even need to go for the 50k account yet.
Try the cheaper options like 10k, 20k or 25k which costs less than $200 for MFF and about $300 for FTMO...... but if you have that $300 to spare, then you're better off giving it to MFF for the $50k account.

Last piece of advice - Do not be swayed by thoughts of overnight riches, you have limited funds to spare and you should not be throwing it away at failed challenges if you don't know what you're doing. You won't be consistently profitable with a larger funded account if you haven't been able to manage to slowly grow whatever personal account you already have.

Do not attempt any challenge unless you have proven to yourself over a period of time that you have an 80% chance of passing the challenge and at least a 95% chance of qualifying for a free retry if you don't.
  • #3,972
  • Sep 21, 2021 6:36am Sep 21, 2021 6:36am
I've been looking at "BetonBrains"

https://www.betonbrains.com/freedom and https://www.betonbrains.com/timeless

Trying to understand how it all works you need a degree in hieroglyphics!

Anyone had any experience with these guys?
  • #3,973
  • Sep 21, 2021 7:12am Sep 21, 2021 7:12am
Quoting Mtinifx
I've been looking at "BetonBrains" https://www.betonbrains.com/freedom and https://www.betonbrains.com/timeless Trying to understand how it all works you need a degree in hieroglyphics! Anyone had any experience with these guys?
I just looked at it. I now have a massive headache. I'm pretty good at quickly looking at these companies from a pure math perspective, but WOW, this one has my head spinning. Their downfall is most aren't going to join something they cannot comprehend.
  • #3,974
  • Sep 21, 2021 7:16am Sep 21, 2021 7:16am
Quoting Mtinifx
I've been looking at "BetonBrains" https://www.betonbrains.com/freedom and https://www.betonbrains.com/timeless Trying to understand how it all works you need a degree in hieroglyphics! Anyone had any experience with these guys?
Brains got fried mate reading through the website!!!
on a postive roll...
  • #3,975
  • Sep 21, 2021 7:17am Sep 21, 2021 7:17am
Quoting pipmaster77
{quote} I just looked at it. I now have a massive headache. I'm pretty good at quickly looking at these companies from a pure math perspective, but WOW, this one has my head spinning. Their downfall is most aren't going to join something they cannot comprehend.
Yes absolutely!

I did try to get more information on the "Freedom" option which looks quite a good idea if it leads to one getting a free "Timeless" challenge account if you pass. The offered leverage is low (only 1:10 on Indices) but you can chose a $250000 account with 2% max loss and 2% target (target is same as max loss) which would enable you to trade at least 3 lots on US30.

The problem though is that one can't get a straight answer from them as to exactly what "free" Timeless account one would get!! The normal fees are incredibly high. $1313 for a $100K / 5% max loss account which is three times the price of a similar Myff account. OK they offer 95% profit split IF you get through the two stage process and instant withdrawals.

Of course if it's all a scam then probably best to avoid
  • #3,976
  • Sep 21, 2021 7:24am Sep 21, 2021 7:24am
Quoting Mtinifx
I've been looking at "BetonBrains" https://www.betonbrains.com/freedom and https://www.betonbrains.com/timeless Trying to understand how it all works you need a degree in hieroglyphics! Anyone had any experience with these guys?
Lol worst presentation ever. Holy crap.

Seems like they're trying to butter you up with a load of nonsense offers while confusing you at the same time.
Daily 90% withdrawals?
your fee gets refunded twice?

A lot of "free" being thrown around on the website.... but i don't even understand it.

Lol Yeah, No.
  • #3,977
  • Sep 21, 2021 8:22am Sep 21, 2021 8:22am
Quoting Mtinifx
I've been looking at "BetonBrains" https://www.betonbrains.com/freedom and https://www.betonbrains.com/timeless Trying to understand how it all works you need a degree in hieroglyphics! Anyone had any experience with these guys?

The Indian child who runs that firm needs to shoo.. Just go back to school instead of making magic promises and talking about giving health insurance to traders.
  • #3,978
  • Sep 21, 2021 10:39am Sep 21, 2021 10:39am
Was looking at BetonBrains the other day. I gave up trying to understand their offerings. Most traders will lose interest for this reason alone.
  • #3,979
  • Sep 21, 2021 1:31pm Sep 21, 2021 1:31pm
Quoting Nsak3y
Was looking at BetonBrains the other day. I gave up trying to understand their offerings. Most traders will lose interest for this reason alone.
I'm sticking with "BetonBOOBS", I mean Funding Talent.

At least with Funding Talent, I know where I stand (pun intended)
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Pride always comes before destruction.... -Proverbs 16:18
  • #3,980
  • Sep 21, 2021 3:11pm Sep 21, 2021 3:11pm
Quoting Expo33
{quote} I'm sticking with "BetonBOOBS", I mean Funding Talent. At least with Funding Talent, I know where I stand (pun intended) {image}
You mean "Boobsnobrains" right?
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