Prop Firm Hub | Page 269 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

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

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #5,361
  • Nov 10, 2021 6:04pm Nov 10, 2021 6:04pm
Quoting PaulMF
{quote} I totally disagree. If these are your proofs, just read your posts.
Youve gotta admit....he did get you with that one
  • #5,362
  • Edited 6:47pm Nov 10, 2021 6:10pm | Edited 6:47pm
Quoting Nsak3y
This is only the past 3 days. Nearly everything that you post is negative and provocative in nature. You have made it abundantly clear how you feel about trading with these 'prop firms'. So, what is your purpose here?
I don't like those scammers that demand to be real prop-firms. I'm discussing this in a Commercial section of this forum. I'm not dealing with any fellow trader, I'm dealing with sellers. And their relatives that address me with misogyny comments, insults, etc. Just because I don't like the business type of some sellers.

You can quote the posts I answer in order to contextualize why my posts are the way they are. Anyway, none of your accusations are true.

And it is worse, you have been only in this forum defending some sellers and criticizing others. That's suspicious. Take a look and see how much I have contributed in the Platform Tech, Trading Systems and Rookies sections.

Aside from defending sellers, what have you done in this forum? Nothing! Never posted in anything other than the Commercial section. Are you self-promoting and don't like my polite opinions about how dangerous some sellers are for this industry?

Do you want to read all the disrespectful comments I have received from some users here? Why don't you deal with them? Maybe because they defend the same sellers you defend...

Ask him why I'm not a troll nor I have broken any code of conduct:https://www.forexfactory.com/twee

Many sellers already tried to get me banned. But this forum is not for get-rich-quick sellers.
Always ready to help
  • #5,363
  • Nov 10, 2021 6:13pm Nov 10, 2021 6:13pm
Quoting Paulscaff1
{quote} Youve gotta admit....he did get you with that one
He has just taken the bait.
Always ready to help
  • #5,364
  • Nov 10, 2021 6:20pm Nov 10, 2021 6:20pm
Quoting Nsak3y
This is only the past 3 days. Nearly everything that you post is negative and provocative in nature. You have made it abundantly clear how you feel about trading with these 'prop firms'. So, what is your purpose here?
Stop engaging. This is what he thrives on. He cannot answer the question of what his purpose is here.
  • #5,365
  • Nov 10, 2021 6:34pm Nov 10, 2021 6:34pm
Quoting pipmaster77
{quote} Stop engaging. This is what he thrives on. He cannot answer the question of what his purpose is here.
In the Commercial section, mostly trader protection but I'm also interested in prop-firms and getting funded.

Collaborate and help in many other sections. Very active in the Platform Tech section but every answer requires more effort from my side. Many times I have to share code and solutions when I see they don't get the expected help from active contributors that don't know how to solve one specific issue.

In other sections, I used to read compliments and very kind private messages. This Commercial section is different, I read things like clown to say the least. I guess scammers are at risk and can't manage their irritation.
Always ready to help
  • #5,366
  • Nov 10, 2021 9:48pm Nov 10, 2021 9:48pm
Quoting PaulMF
{quote} In the Commercial section, mostly trader protection but I'm also interested in prop-firms and getting funded. Collaborate and help in many other sections. Very active in the Platform Tech section but every answer requires more effort from my side. Many times I have to share code and solutions when I see they don't get the expected help from active contributors that don't know how to solve one specific issue. In other sections, I used to read compliments and very kind private messages. This Commercial section is different, I read things like...
you are a snowflake and you're spamming this thread again. This is gambling/trading thread about trader's experience with these "prop firms" and we are an adults so .. please stop
  • #5,367
  • Nov 10, 2021 11:17pm Nov 10, 2021 11:17pm
Quoting karun
MFF updated their Phase 1 and 2 Bonuses rules From their discord - Lets talk our phase 1 and 2 bonuses. We have had numerous people trying to take advantage of the fact phase 1 and 2 are demo accounts and then when they get to live they trade 0.01 10 times to reach payout criteria. They cheat on the demo, don't trade on the live. Rinse repeat and rather than changing our rules that most people abide by, we will limit the bonus value to all (because 90% of bonuses are target only anyway). For this reason we are now adjusting our Phase 1 and 2 bonuses...
I never understood quite well the MFF announcements, always a confusing mess of ideas.
Something I take is the witch-hunt and the gag laws.
Follow your guts, if you want to lose your money...
  • #5,368
  • Nov 11, 2021 12:14am Nov 11, 2021 12:14am
Quoting TrueFXFunds
{quote} Dear Traders, We would like to build our reputation by our grateful customers however we do notice that we can not fulfill every one of yours satisfaction. We are going to work on our transparency so you can get a peek into us. We opened our Prop Firm because we think we can bring the most competitive solutions for our customers. As a service provider, we give credit for our customer's opinions that is why we would like to hear from you, how we can better ourselves. As for our Trading Objectives, they are strict and we have to obey them,...
Start by reading the FAQS and TC's of the current 2 top retail Prop firms namely, FTMO and MFF.

These firms have the bulk of participants in this space.

Find out why they do and how they are doing it.

Then make your model much much better.

Masterrmind ...........
Master your Mind then Master your Trades
  • #5,369
  • Nov 11, 2021 12:23am Nov 11, 2021 12:23am
Quoting PaulMF
{quote} I don't like those scammers that demand to be real prop-firms. I'm discussing this in a Commercial section of this forum. I'm not dealing with any fellow trader, I'm dealing with sellers. And their relatives that address me with misogyny comments, insults, etc. Just because I don't like the business type of some sellers. You can quote the posts I answer in order to contextualize why my posts are the way they are. Anyway, none of your accusations are true. And it is worse, you have been only in this forum defending some sellers and criticizing...
Less verbose input from you please.

The focus of this thread is to share prop firm information and personal challenge, verification and funded progress for the benefit of all.

A very lengthy time on the sidelines will be provided to you if you persist.

Masterrmind ..........
Master your Mind then Master your Trades
  • #5,370
  • Nov 11, 2021 6:57am Nov 11, 2021 6:57am
Quoting JotaP
{quote} I never understood quite well the MFF announcements, always a confusing mess of ideas. Something I take is the witch-hunt and the gag laws.

People were cheating on demo accounts to get their phase bonuses, the phases are demo accounts. What the users did was make well beyond target on demo, then on live trade micro lots to be up 1$ so they get the refund (112%) + the phase 2 bonus (4% of the demo money made).

If people are cheating and doing that and it catches on, its a quite way to bankrupt them. They are protecting the business so that everyone can enjoy it and they are still providing the bonuses.

It was pretty clear to me.
  • #5,371
  • Nov 11, 2021 7:07am Nov 11, 2021 7:07am
Quoting Takisd
{quote} People were cheating on demo accounts to get their phase bonuses, the phases are demo accounts. What the users did was make well beyond target on demo, then on live trade micro lots to be up 1$ so they get the refund (112%) + the phase 2 bonus (4% of the demo money made). If people are cheating and doing that and it catches on, its a quite way to bankrupt them. They are protecting the business so that everyone can enjoy it and they are still providing the bonuses. It was pretty clear to me.
Not to mention, they are the ONLY company even providing bonuses on evaluation stages plus 112% refund. You're essentially close to a 100% ROI with these guys on your first live payout. Yet people still try to abuse it.
  • #5,372
  • Edited 9:00am Nov 11, 2021 8:44am | Edited 9:00am
Quoting Takisd
{quote} People were cheating on demo accounts to get their phase bonuses, the phases are demo accounts. What the users did was make well beyond target on demo, then on live trade micro lots to be up 1$ so they get the refund (112%) + the phase 2 bonus (4% of the demo money made). If people are cheating and doing that and it catches on, its a quite way to bankrupt them. They are protecting the business so that everyone can enjoy it and they are still providing the bonuses. It was pretty clear to me.
Phase I bonus is paid when Phase II is finished. Still, they argue there is an abuse of that bonus in Phase III.

They lie, they are well on the same route as Funding Talent. Just wait a few more time to confirm. Remember, Funding Talent always paid until they stopped paying.

Now about Phase II bonus.
Joe purchased a $100000 Challenge for $499.
Let's suppose, on Phase II he got a Profit of $10000 (when only $5000 was required).
By the end of Phase III, just by playing (cheating in MMF own words) micro lots to end positive Joe will receive approximately:
Refund: 1.112 * $499 = $554.89
Profit Phase 2: 0.04 * 10000 = $400
Total: $954.89

Does this make any sense? Doesn't it sound like too much fight for peanuts when Joe could profit quite a bit more with very small risk.

Since $200 was already guaranteed to pass to Phase III and end first month in profit, Joe only needed another $200 on phase III after split to do better. Does Joe option of playing for peanuts in Phase III make any sense?
Follow your guts, if you want to lose your money...
  • #5,373
  • Nov 11, 2021 8:58am Nov 11, 2021 8:58am
Quoting JotaP
{quote} Phase I bonus is paid when Phase II is finished. Still, they argue there is an abuse of that bonus in Phase III. They lie, they are well on the same route as Funding Talent. Just wait a few more time to confirm. Remember, Funding Talent always paid until they stopped paying. Now about Phase II bonus. Joe purchased a $100000 Challenge for $499. Let's suppose, on Phase II he got a Profit of $10000 (when only $5000 was required). By the end of Phase III, just by playing (cheating in MMF own words) micro lots to end positive Joe will receive...
What I dont get is, if a trader can pass phase 1 and 2, then why dont they use full risk on their phase 3 and get a proper full profit split payout, rather than using micro lots to just get a small bonus?

So all that messing about just to make $400, when the fact is they have made it to phase 3 and could make a ton more in that month....doesnt make sense.



.....which ive just realised is basically what you just said
  • #5,374
  • Nov 11, 2021 9:07am Nov 11, 2021 9:07am
Quoting Paulscaff1
{quote} What I dont get is, if a trader can pass phase 1 and 2, then why dont they use full risk on their phase 3 and get a proper full profit split payout, rather than using micro lots to just get a small bonus? So all that messing about just to make $400, when the fact is they have made it to phase 3 and could make a ton more in that month....doesnt make sense. .....which ive just realised is basically what you just said
Because this space is filled with degenerates and grifters. They would rather pursue exploits then make money from proper trading. Just look at the FT migrants that over ran MFF with idiocy.
Trade with confidence, trade without fear.
  • #5,375
  • Nov 11, 2021 9:09am Nov 11, 2021 9:09am
Quoting Paulscaff1
{quote} What I dont get is, if a trader can pass phase 1 and 2, then why dont they use full risk on their phase 3 and get a proper full profit split payout, rather than using micro lots to just get a small bonus? So all that messing about just to make $400, when the fact is they have made it to phase 3 and could make a ton more in that month....doesnt make sense. .....which ive just realised is basically what you just said
It's not just to make $400. They exploit the demo account(s) in the phase 1 and phase 2 and then just barely make enough to earn a profit split once live. If someone makes 100K profit in phase 2 when only 5k was required (100K eval) to pass, doesn't that seem a bit suspicions? I closed my evals down when I'm a dollar over the target. TBH, I think it's awesome they even pay a bonus on eval phases, once again, NOBODY else does.
  • #5,376
  • Nov 11, 2021 9:17am Nov 11, 2021 9:17am
Quoting Takisd
{quote} People were cheating on demo accounts to get their phase bonuses, the phases are demo accounts. What the users did was make well beyond target on demo, then on live trade micro lots to be up 1$ so they get the refund (112%) + the phase 2 bonus (4% of the demo money made). If people are cheating and doing that and it catches on, its a quite way to bankrupt them. They are protecting the business so that everyone can enjoy it and they are still providing the bonuses. It was pretty clear to me.
What rule has he broken? Where can we read that rule?
Always ready to help
  • #5,377
  • Nov 11, 2021 9:19am Nov 11, 2021 9:19am
Quoting pipmaster77
{quote} It's not just to make $400. They exploit the demo account(s) in the phase 1 and phase 2 and then just barely make enough to earn a profit split once live. If someone makes 100K profit in phase 2 when only 5k was required (100K eval) to pass, doesn't that seem a bit suspicions? I closed my evals down when I'm a dollar over the target. TBH, I think it's awesome they even pay a bonus on eval phases, once again, NOBODY else does.
I was just assuming that they would make about double I.E 10% instead of 5% like in Jotas example, ......but to make an extra 95k ontop of their 5k! That would be impressive and I could understand the incentive.

Thing is though is (or was) it really classed as cheating? It was within the rules at first. Sounds like its partly MFFs fault that they left themselves wide open to it.

If I leave the door wide open and get robbed..... is that the robbers fault.... or mine?
  • #5,378
  • Nov 11, 2021 9:24am Nov 11, 2021 9:24am
Quoting Paulscaff1
{quote} I was just assuming that they would make about double I.E 10% instead of 5% like in Jotas example, ......but to make an extra 95k ontop of their 5k! That would be impressive and I could understand the incentive. Thing is though is (or was) it really classed as cheating? It was within the rules at first. Sounds like its partly MFFs fault that they left themselves wide open to it. If I leave the door wide open and get robbed..... is that the robbers fault.... or mine?
Then there is no broken rule? It has to be in some place. Otherwise, this is unacceptable.
Always ready to help
  • #5,379
  • Nov 11, 2021 9:25am Nov 11, 2021 9:25am
Quoting Paulscaff1
{quote} I was just assuming that they would make about double I.E 10% instead of 5% like in Jotas example, ......but to make an extra 95k ontop of their 5k! That would be impressive and I could understand the incentive. Thing is though is (or was) it really classed as cheating? It was within the rules at first. Sounds like its partly MFFs fault that they left themselves wide open to it. If I leave the door wide open and get robbed..... is that the robbers fault.... or mine?
Well, I guess since they've been robbed, they've now locked the door. I mean seriously, one has to pass to evals to get to the funded stage. The evals pay 2% and 4% and live pays 75-85%. Why on earth once you hit the target in the eval, would you risk giving it back and blow passing and get to the 75-85% split. The ONLY reason would be to exploit and cheat the system. Hmmmm, let me see, let me risk getting to the 75% stage by trying to increase my profit on the 4% stage. Even easier solution for MFF....don't pay bonus on stage 1 and 2.
  • #5,380
  • Nov 11, 2021 9:27am Nov 11, 2021 9:27am
Quoting Paulscaff1
{quote} I was just assuming that they would make about double I.E 10% instead of 5% like in Jotas example, ......but to make an extra 95k ontop of their 5k! That would be impressive and I could understand the incentive. Thing is though is (or was) it really classed as cheating? It was within the rules at first. Sounds like its partly MFFs fault that they left themselves wide open to it. If I leave the door wide open and get robbed..... is that the robbers fault.... or mine?
The limits are in the imagination. Try to consider they could be making 995K in Phase II, how could MFF be sustainable?
Follow your guts, if you want to lose your money...
38 traders viewing now