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Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

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  • #4,921
  • Oct 30, 2021 6:57am Oct 30, 2021 6:57am
Yeah. Doesnt seem legit to me. No dd rule is an alarm bell. Wondering if anyone has used them
If at first you don't succeed, try, try again.
  • #4,922
  • Oct 30, 2021 8:31am Oct 30, 2021 8:31am
Quoting Boulder
{quote} I got instant MT4 logon info for E8account.
Our Tech Team is powerful!!!
  • #4,923
  • Oct 30, 2021 8:31am Oct 30, 2021 8:31am
Quoting Boulder
{quote} I just signed up your $250k E8 account. I will let people know about my experience here.
Please do! Trade safe.
  • #4,924
  • Oct 30, 2021 11:24am Oct 30, 2021 11:24am
Quoting pipmaster77
This TrueForexFunds is either a spinoff from MFF themselves or someone copied everything exactly 100% all the way down to the chat box.
Most of the the Prop firm websites have the same look P77! Anyway, I think that TrueForexFunds are legit. I believe that a few traders are nearly at funded stage so we'll see if the proof is in the pudding.

As I said, I'm giving them a go and if I do make it all the way I will share my experience here.

Next episode soon!
  • #4,925
  • Oct 30, 2021 11:53am Oct 30, 2021 11:53am
Quoting Mtinifx
{quote} Most of the the Prop firm websites have the same look P77! Anyway, I think that TrueForexFunds are legit. I believe that a few traders are nearly at funded stage so we'll see if the proof is in the pudding. As I said, I'm giving them a go and if I do make it all the way I will share my experience here. Next episode soon!
May I ask, are you already maxed with MFF and FTMO? I'm just curious and do not mean any offence....you always seem to be "trying" these other companies, so am I assumming you have 600K with MFF and 400K with FTMO already? I simply see no need to add or try anything else until one is maxed at the two firms everyone in here knows are proven, legit and pay.
Nothing wrong with adding and experimenting after that, but do not understand why one would be doing that before maxing the two proven firms.
  • #4,926
  • Oct 30, 2021 1:34pm Oct 30, 2021 1:34pm
Quoting pipmaster77
Nothing wrong with adding and experimenting after that, but do not understand why one would be doing that before maxing the two proven firms.
-Some people may have different needs or preferences that are not agreeable with MFF/FTMO offerings and requirements. Another reason might be to diversify quicker as a risk-mitigation approach.
  • #4,927
  • Oct 30, 2021 3:09pm Oct 30, 2021 3:09pm
Quoting profitfarmer
{quote} A guy named Kieran was/is doing that for a while with FTMO, reduced fee for traders, paying part of the challenge fees from his pocket. https://traderseed.io/ {quote} That would be Fidelcrest. Seemed shady; with Estonian connections, but office claimed in Budapest, not that much is there, actually, just an address. The new thingy probably a white label of another prop, thus the similarities to it. Most is white label, I guess it sell cheaper then white label forex brokers or crypto exchanges, so more YouTubers and "businessmen"...
Thank you profitfarmer. Appreciate you taking time. I will study traderseed program but my program was to provide the accounts pretty much free and only commit to giving smallest MFF or FTMO accounts to keep my risk exposure low. Like the most my successful traders will get a 10K account at MFF - that is 84 USD. I will not venture in bigger accounts at first. Do you think this will be a good approach? So traders can join my program free and I will have same challenge as MFF or FTMO but with just a 1-2 % more challenging and then successful ones will get the smallest account to trade at these firms. If they qualify for payment I split the profits with them. Still thinking but I am tempted to try this. BTW - I have my own fully developed prop firm software at this URL - fxReports V4 - Simple, easy forex reporting software (fightforex.info) My ultimate goal is to improve this and sell the software so initially I am looking at my prop first evaluation program as a way to find traders that will indirectly help me test the software also. Of course, since I am not charging any money and also I will be letting the traders know that they are participating in a beta test version of the software so there are no surprises and disappointments later. Hope this all makes sense. More feedback is welcome please!!
  • #4,928
  • Oct 30, 2021 7:43pm Oct 30, 2021 7:43pm
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  • #4,929
  • Edited Oct 31, 2021 10:01am Oct 30, 2021 8:12pm | Edited Oct 31, 2021 10:01am
Quoting Nsak3y
https://www.youtube.com/watch?v=VZ0gDTybURc {image}
I made it thru 3 minute before feeling nauseous.

It may as well be two pimply-faced high school geeks trying to find a prom date.

I'm paraphrasing here. "I've known Blake for a year and a half and he's really good at whoring himself out for affilaite money".
Pride always comes before destruction.... -Proverbs 16:18
  • #4,930
  • Oct 30, 2021 8:37pm Oct 30, 2021 8:37pm
It is unfortunate. I honestly see no point in responding.

Quoting Expo33
"I've known Blake for a year and a half and he's really good at whoring himself out for affilaite money".
-I am pretty certain that Blake (or Blake's company) is directly involved with this firm, as per their about page. I could be wrong, though. Not sure if they disclose that in the video, as I also could not sit through the whole thing.
  • #4,931
  • Oct 31, 2021 2:38am Oct 31, 2021 2:38am
I think that MENT Funding should not be compared to Challenge models like FTMO or MFF.
I also think that they did not come up with new model. MENT model is basically Traders4Traders model but little adjusted.

MENT vs T4T
MENT has doubled the fee, dropped the weekly DD limit, increased total DD from 4% to 5%.
Most core rules are the same. They kept 10% target, no time limit and trailing DD that stops at the initial capital.
MENT dropped scaling program and replaced it with an option of signing up for multiple accounts.

MENT and T4T models are directed to traders who do not want to enter Challenges with short time limit.
If time limit of 30 days is too much for a trader, then a trader should look at MENT/T4T or other scale models like CTI or Lux.

I understand that Challenge model is amazing and many think it is superior model because you can get funded very fast and the fee is much smaller than allowed max DD and is refunded. I am doing two Challenges myself right now. But I also think that we should not attack other models and label them as useless because the math doesn't add up (fee is your max DD).

There is large part of traders who just do not like time limits. And for them these other prop models are exactly what they need to get funded instead of trading their own capital. There are hundreds of positive reviews on these other models Truspilot. It's all about preferences.

I think that major discussion should be whether the prop firm is a genuine operation or a scammish/unsustainable one. And for that we may need months of data to draw any conclusions.

I hope that MENT will survive their first 6 months and many traders will find their model useful to their personal situation/preferences. We never know. In the future some of us, who think that their model is inferior, might decide to give them a try if they are still around.

Have a great Sunday pip hunters.
  • #4,932
  • Oct 31, 2021 5:05am Oct 31, 2021 5:05am
Quoting endgame99
I think that MENT Funding should not be compared to Challenge models like FTMO or MFF. I also think that they did not come up with new model. MENT model is basically Traders4Traders model but little adjusted. MENT vs T4T MENT has doubled the fee, dropped the weekly DD limit, increased total DD from 4% to 5%. Most core rules are the same. They kept 10% target, no time limit and trailing DD that stops at the initial capital. MENT dropped scaling program and replaced it with an option of signing up for multiple accounts. MENT and T4T models are directed...
Excluding min/max trading days is awesome these is realy game changer there is no pressure to trader, i like these
  • #4,933
  • Oct 31, 2021 5:33am Oct 31, 2021 5:33am
Quoting pipmaster77
{quote} May I ask, are you already maxed with MFF and FTMO? I'm just curious and do not mean any offence....you always seem to be "trying" these other companies, so am I assumming you have 600K with MFF and 400K with FTMO already? I simply see no need to add or try anything else until one is maxed at the two firms everyone in here knows are proven, legit and pay. Nothing wrong with adding and experimenting after that, but do not understand why one would be doing that before maxing the two proven firms.

See post 4926 and look in the mirror first mate
  • #4,934
  • Oct 31, 2021 7:35am Oct 31, 2021 7:35am
Quoting Nsak3y
https://www.youtube.com/watch?v=VZ0gDTybURc {image}
Lol Anton from Mental FX sounds a lot like Jessica. Not in the best place to be responding to social media comments if you're getting so butt hurt and sensitive about valid criticism.

Still failed to explain how penalizing a trader for choosing to withdraw all the profits they've duly earned helps single out the good traders in any way.
  • #4,935
  • Oct 31, 2021 8:16am Oct 31, 2021 8:16am
Quoting Koop
{quote} Lol Anton from Mental FX sounds a lot like Jessica. Not in the best place to be responding to social media comments if you're getting so butt hurt and sensitive about valid criticism. Still failed to explain how penalizing a trader for choosing to withdraw all the profits they've duly earned helps single out the good traders in any way.

watched that video to my own sadness.

This motormouth kid is a buffoon. 8cap isn't a good broker and they are not sending orders to market. Either 8cap are ripping him off or he is lying, take your pick. It literally looks like blakes harry potter brother on caffeine.

Dude is a moron sales guy and nothing more.
  • #4,936
  • Oct 31, 2021 9:08am Oct 31, 2021 9:08am
Quoting DylanE8
We offer instant credentialing, on phase and 1 phase; funded accounts are issued within hours typically after we review the account. It is surprising to me that most of these firms did not invest in the tech to do so from the beginning. We are also offering a promo through the month of October and i just thought I could drop the offer here for those who do not follow our social channels. {image}
I just opened a 50K E8 account and launched MT4 to have a look.
My first impression is not positive:
1) All instrument symbols are mixed together in the symbol list in alphabetical order in a folder named ELEV8 (I actually bought E8).

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2) I could not find the AUDCAD symbol anywhere.

If 2) is not fixed I will ask for a refund, I already contacted Support about that.
Follow your guts, if you want to lose your money...
  • #4,937
  • Edited 11:46am Oct 31, 2021 11:32am | Edited 11:46am
Another issue, the MT4 account identifies itself as REAL (I was expecting DEMO) on MT4 desktop but on the App is neither DEMO nor REAL, has no tag about its category.

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I am having doubts about the Powerful Tech Team and did not even placed any order.
Follow your guts, if you want to lose your money...
  • #4,938
  • Edited 1:31pm Oct 31, 2021 12:53pm | Edited 1:31pm
This thread has been highly educative to see which prop firm has been better. Of late...some commercial members have come in trying to spoil the motive of this thread.

And as I see, some members have been victims too due to such people.

It is high time Mastermind interferes and bans commercial people so as to keep this thread clean as before.
Intraday only.
  • #4,939
  • Oct 31, 2021 1:00pm Oct 31, 2021 1:00pm
Quoting JotaP
Another issue, the MT4 account identifies itself as REAL (I was expecting DEMO) on MT4 desktop but on the App is neither DEMO nor REAL, has no tag about its category. {image} I am having doubts about the Powerful Tech Team and did not even placed any order.
Waiting for Dylan to respond....................
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Pride always comes before destruction.... -Proverbs 16:18
  • #4,940
  • Oct 31, 2021 1:38pm Oct 31, 2021 1:38pm
I don't know if these is posted before but another mushroom poped-up
https://www.pointzero-trading.com/en/PropTrading
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