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  • #4,061
  • Sep 25, 2021 10:36am Sep 25, 2021 10:36am
Quoting hasib
{quote} Congratulations. Your Ass kicking Prop trader, Man I love your success. One after another prop challenge you pass. Wish you all the best and good health.
Thank you but truth be known I've blown up plenty of prop firm accounts along the way!
Pride always comes before destruction.... -Proverbs 16:18
  • #4,062
  • Sep 25, 2021 10:43am Sep 25, 2021 10:43am
Quoting Expo33
{quote} Thank you but truth be known I've blown up plenty of prop firm accounts along the way!
Did Funding Talent ever pay you? Too lazy to go back and look.
  • #4,063
  • Sep 25, 2021 11:34am Sep 25, 2021 11:34am
Quoting pipmaster77
{quote} Did Funding Talent ever pay you? Too lazy to go back and look.
Yes they did then I went coo-coo for cocoa puffs and blew that account up!
Pride always comes before destruction.... -Proverbs 16:18
  • #4,064
  • Sep 25, 2021 11:49am Sep 25, 2021 11:49am
Quoting Expo33
{quote} Thank you but truth be known I've blown up plenty of prop firm accounts along the way!
Doesn't matter Man, As long as your making good return end of the month.
if you lose you lose Prop firm money, as long as you have the account make your return.
From your multiple account, if a account goes down doesn't matter, other account will do the job for you.
Trading is the business, Learning never end.
Best wishes,
MA provides the market's current direction and strength.
  • #4,065
  • Sep 25, 2021 11:56am Sep 25, 2021 11:56am
Quoting hasib
{quote} Doesn't matter Man, As long as your making good return end of the month. if you lose you lose Prop firm money, as long as you have the account make your return. From your multiple account, if a account goes down doesn't matter, other account will do the job for you. Trading is the business, Learning never end. Best wishes,
Thanks!

I agree with you 100%
Pride always comes before destruction.... -Proverbs 16:18
  • #4,066
  • Sep 25, 2021 2:22pm Sep 25, 2021 2:22pm
Quoting Koop
{quote} Lol, i agree, they sounded pretty determined never to reduce the min days requirement.. but i don't think relaxing on their resolve in order to satisfy clamoring customers makes them less honorable. Being able to compromise a little in favour of your customers is quite admirable on the contrary. Not like the word "they broke" was set in stone or was expressed by the CEO himself. FTMO once said they'll never remove news restrictions some time ago.... But they eventually did, in the form of a new account type. It's Business, things change,...
I think dropping the time requirement is a true game changer, and quite commendable for MFF! If anyone's just starting out, MFF is now without question the best online prop firm out there. I advocated for something like this on the FTMO thread a while ago, but MFF's beat them to it! Kudos..
  • #4,067
  • Sep 25, 2021 5:18pm Sep 25, 2021 5:18pm
Quoting Koop
{quote} Lol, i agree, they sounded pretty determined never to reduce the min days requirement.. but werei don't think relaxing on their resolve in order to satisfy clamoring customers makes them less honorable. Being able to compromise a little in favour of your customers is quite admirable on the contrary. Not like the word "they broke" was set in stone or was expressed by the CEO himself. FTMO once said they'll never remove news restrictions some time ago.... But they eventually did, in the form of a new account type. It's Business, things change,...
Yes, MFF wants to capture the market share ... which they are able to do it successfully.

The recent promotions are ....

1) Encouraging Youtubing the success in Evaluation and refunding the fee to those traders on completion of ph. 2 ( not to wait until profit share day )
2) Leaderboard system by which the winners are eligible to skip phase 2 eval.
3) Reducing minimum number of days from 10 to 5.
4) Reducing the evaluation fees. I remember they were charging 550 bucks when they started, now 500 bucks for 100 k account.

The reputation of FTMO make them still number 1, but they may give up that status to MFF in the near future with increasing number of traders and allowing more success in evaluation phases.
Intraday only.
  • #4,068
  • Sep 25, 2021 6:44pm Sep 25, 2021 6:44pm
I personally think that MFF is the most credible firm right now, even though FTMO has more history and trust established. Just my personal opinion. That being said, I am actually considering going with Blue Edge Funding because I personally prefer their offerings over what MFF currently has, and also because I just happen to live in a restricted state that prohibits me from trading with MFF at the moment.

I was told that MFF may change their terms, allowing all US states to participate, as well as change their profit-split on accelerated accounts, and if they do this, then I will definitely reconsider them, as I really like how transparent and engaging they are with their traders.
  • #4,069
  • Sep 25, 2021 9:37pm Sep 25, 2021 9:37pm
Quoting Nsak3y
I personally think that MFF is the most credible firm right now, even though FTMO has more history and trust established. Just my personal opinion. That being said, I am actually considering going with Blue Edge Funding because I personally prefer their offerings over what MFF currently has, and also because I just happen to live in a restricted state that prohibits me from trading with MFF at the moment. I was told that MFF may change their terms, allowing all US states to participate, as well as change their profit-split on accelerated accounts,...
The location restriction seems like your only plausible reason for thinking Blue egde is better.
There's no other thing the have over MFF.
You complain about MFF's accelerated program but you're comparing it with Blue edge's only program -Challenge model... That's not a fair fight.
How is Blue edge's challenge any where as good as MFF's?

It's way more expensive,
targets are 10% and 5% respectively.. compared to MFF's 8 and 5
Blue has trading style limitations, MFF does not.
Blue has 10 min days, MFF has 5


Lol i don't see it.
  • #4,070
  • Sep 25, 2021 10:52pm Sep 25, 2021 10:52pm
Quoting Koop
The location restriction seems like your only plausible reason for thinking Blue egde is better. There's no other thing the have over MFF. You complain about MFF's accelerated program but you're comparing it with Blue edge's only program ... Lol i don't see it.
-I was not complaining at all. The reason that I think that Blue Edge offerings are better is because I prefer 'no daily draw-down' options, and the program that Blue Edge offers allows for much faster scaling as well as much higher profit-split. That is more important to me than targets or associated costs. The few trading style limitations that Blue Edge enforces are not even applicable to me. Everything is relative and subjective.
  • #4,071
  • Sep 25, 2021 11:54pm Sep 25, 2021 11:54pm
Quoting navk
{quote} Yes, MFF wants to capture the market share ... which they are able to do it successfully. The recent promotions are .... 1) Encouraging Youtubing the success in Evaluation and refunding the fee to those traders on completion of ph. 2 ( not to wait until profit share day ) 2) Leaderboard system by which the winners are eligible to skip phase 2 eval. 3) Reducing minimum number of days from 10 to 5. 4) Reducing the evaluation fees. I remember they were charging 550 bucks when they started, now 500 bucks for 100 k account. The reputation of...
I tend to agree with you here Navk.

MFF is currently flying high.

FTMO needs some strategic move and rather fast.

However, there are many improvements that both firms can and need to make.

Automation of many processes is a definite must have as trader numbers start to grow rapidly.

Masterrmind ........
Master your Mind then Master your Trades
  • #4,072
  • Edited 11:48am Sep 26, 2021 4:20am | Edited 11:48am
Quoting Thoughts
{quote} I think dropping the time requirement is a true game changer, and quite commendable for MFF! If anyone's just starting out, MFF is now without question the best online prop firm out there. I advocated for something like this on the FTMO thread a while ago, but MFF's beat them to it! Kudos..
10 days, or 5, or even 30 - is nearly irrelevant to successful traders. Other factors are much more important. However, MFF has to attract unsuccessful traders as well in order to maintain the feed of the challenge fees. And those attracted by 5 days compared to 10 are mostly just impatient and rushing in for the fortune, which is the no.1 reason of failing sooner or later.

Both FTMO and MFF are at the top and have their qualities. Both can be recommended. But honestly, with every change MFF only reveals they still feel being the FTMO challenger. That's good, as it motivates them to keep improving whereas FTMO may be a bit too slow in responding to the market changes. But they know very well the business and what they need to do to stay in the lead. Let's hope they come up with some other improvements too
Money is made by sitting, not trading
  • #4,073
  • Sep 26, 2021 6:14am Sep 26, 2021 6:14am
Quoting Nsak3y
{quote}-I was not complaining at all. The reason that I think that Blue Edge offerings are better is because I prefer 'no daily draw-down' options, and the program that Blue Edge offers allows for much faster scaling as well as much higher profit-split. That is more important to me than targets or associated costs. The few trading style limitations that Blue Edge enforces are not even applicable to me. Everything is relative and subjective.
Blue edge doesn't offer higher splits. Blue edge offers 75/25 on the regular plan and 85/15 on the Pro plan that costs 2 times more.

MFF starts you off with 75/25 , 2 weeks after that it goes to 80/20 and in another 2 weeks it is 85/15 and you don't have to pay for any special plan to earn this 85/15.

so We're left with -

No Daily drawdown - ( i guess the 50% winning days favours your trading style)
Faster scaling - ( You're comfortable with leaving your profits in your account and risking more of your capital for the sake of faster scaling? cool)

Okay, that's two relative points.

The one extra thing i would consider is credibility, in comparison of course.
Asides the fact that they are yet to be really tested and i don't believe they've realized their first set of funded traders or pay outs... They also do not have an original model or plan of theirs. They practically BOUGHT everything they're offering as a template and Liquidity from Traders Central fund, including the scaling idea.
The exact template that Myfxseed was using with so much promise like Blue edge but crashed and ran away barely after 2 months of operation when they couldn't honor pay outs.

The top firms don't use the TCF template for some reason and neither do they source liquidity from them and the only firms who have done so have not lasted.

So why risk it now? You cant' use MFF,
so you're going to skip FTMO, FT, TPT, and even TCF (who've been around for years) and go straight to course sellers who only just started offering "funding" services barely 2 months ago?

Either ways, please be sure to share the experience. I'd love to see more firms earn their spot on the credibility list.

DT4X already gladdens my heart.
  • #4,074
  • Sep 26, 2021 7:01am Sep 26, 2021 7:01am
Quoting Nsak3y
I personally think that MFF is the most credible firm right now, even though FTMO has more history and trust established. Just my personal opinion. That being said, I am actually considering going with Blue Edge Funding because I personally prefer their offerings over what MFF currently has, and also because I just happen to live in a restricted state that prohibits me from trading with MFF at the moment. I was told that MFF may change their terms, allowing all US states to participate, as well as change their profit-split on accelerated accounts,...
MFF: "We allow anyone to open an account with us except for people from the following states in the USA: Arkansas (AR) Iowa (IA) Mississippi (MS) Missouri (MO)"

This is odd, why these states?
  • #4,075
  • Sep 26, 2021 7:09am Sep 26, 2021 7:09am
Quoting Thoughts
{quote} I think dropping the time requirement is a true game changer, and quite commendable for MFF! If anyone's just starting out, MFF is now without question the best online prop firm out there. I advocated for something like this on the FTMO thread a while ago, but MFF's beat them to it! Kudos..

Hi, Are you referring the MFF evaluation? The site still states 30 calendar days.

Even though I don't agree with 5ers business model, alot of love for their summer plan. No time constraints, pay up after you pass. Give working folks a breather.
  • #4,076
  • Sep 26, 2021 11:44am Sep 26, 2021 11:44am
Quoting JustAVisit
{quote} Hi, Are you referring the MFF evaluation? The site still states 30 calendar days. Even though I don't agree with 5ers business model, alot of love for their summer plan. No time constraints, pay up after you pass. Give working folks a breather.
effective date 1 st october
Intraday only.
  • #4,077
  • Sep 26, 2021 11:53am Sep 26, 2021 11:53am
Quoting Koop
Blue edge doesn't offer higher splits. Blue edge offers 75/25 on the regular plan and 85/15 on the Pro plan that costs 2 times more. MFF starts you off with 75/25 , 2 weeks after that it goes to 80/20 and in another 2 weeks it is 85/15 ...
-If you read my comments carefully, you will see that I am specifically referencing the 'no daily draw-down' options. As such, MFF only offers a 50/50 split for that program at the moment. As I said, hopefully that will change.

I do not understand why you feel the need to challenge my reasoning. I have researched these firms very closely. I have mitigation and backup plans already in place, as well as capital that will be allocated and potentially subject to tax write-offs, so I understand and accept my risk. And I never said that I was skipping other firms.

Better to not be presumptuous and condescending. I was not asking for your advice, after all. You worry about you, and I will worry about me.

Quoting JustAVisit
This is odd, why these states?
-I agree. Which is why I chose to challenge them on it. I have since been told that it is likely going to be removed, but I am still waiting on a definitive answer as their CEO waits for their legal team to confirm.

Since MFF is not acting as a broker, then MFF should not have any regulatory compliance obligations and therefore should be able to legally circumvent those requirements, especially since the business relationship with their traders is a contractor relationship.

On the other hand, if MFF is taking on that responsibility to ensure compliance for their broker, then MFF could be subject to the same laws and restrictions, which would not seem ideal from a legal or business perspective. That seems highly unlikely that they would elect to do that.

Obviously, there are other things to consider, such as broker offerings and what is allowed within certain jurisdictions, which countries have reciprocity agreements with US regulatory groups and compliance requirements for off-shore brokers etc.., which only brings the policy more into question since other US states are eligible. We will see.
  • #4,078
  • Sep 26, 2021 12:41pm Sep 26, 2021 12:41pm
Quoting Nsak3y
{quote}-If you read my comments carefully, you will see that I am specifically referencing the 'no daily draw-down' options. As such, MFF only offers a 50/50 split for that program at the moment. As I said, hopefully that will change. I do not understand why you feel the need to challenge my reasoning. I have researched these firms very closely. I have mitigation and backup plans already in place, as well as capital that will be allocated and potentially subject to tax write-offs, so I understand and accept my risk. And I never said that I was skipping...
As a self-designated moderator and as someone who is usually right 110% of the time, I think Koop needs a timeout.
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Pride always comes before destruction.... -Proverbs 16:18
  • #4,079
  • Sep 26, 2021 1:16pm Sep 26, 2021 1:16pm
Quoting Nsak3y
{quote}-If you read my comments carefully, you will see that I am specifically referencing the 'no daily draw-down' options. As such, MFF only offers a 50/50 split for that program at the moment. As I said, hopefully that will change. I do not understand why you feel the need to challenge my reasoning. I have researched these firms very closely. I have mitigation and backup plans already in place, as well as capital that will be allocated and potentially subject to tax write-offs, so I understand and accept my risk. And I never said that I was skipping other firms. Better to not be presumptuous and condescending. I was not asking for your advice, after all. You worry about you, and I will worry about me.
I will worry about you, I am the self proclaimed Saviour around these parts and you will kneel before me peasant!.

Quoting Expo33
{quote} As a self-designated moderator and as someone who is usually right 110% of the time, I think Koop needs a timeout. {image}
Lmao I swear, markets need to resume so i can manage my pre-challenge anxiety and leave Nsak the blue edge shill alone.
  • #4,080
  • Sep 26, 2021 1:56pm Sep 26, 2021 1:56pm
Quoting Koop;
markets need to resume so i can manage my pre-challenge anxiety and leave Nsak the blue edge shill alone.
@Koop - it is okay if you want to joke around, or even be annoying. But please do not accuse me of being a shill.
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