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  • #5,661
  • Nov 21, 2021 12:08pm Nov 21, 2021 12:08pm
Quoting Takisd
{quote} Man, didn't you know that trustpilot is the means of blackmail to get what you want?
i was just thinking that people should leave a review after it s all done and dusted, not mid of trading with the firm. i dunno, i m trading on ctrader with ftmo, no issues here, no massive slipage, stop hunts, spread mark ups etc so far atleast. but i know they ve had issues in the past when i was also using mt4.
  • #5,662
  • Nov 21, 2021 1:33pm Nov 21, 2021 1:33pm
Quoting 1odi
{quote} i was just thinking that people should leave a review after it s all done and dusted, not mid of trading with the firm. i dunno, i m trading on ctrader with ftmo, no issues here, no massive slipage, stop hunts, spread mark ups etc so far atleast. but i know they ve had issues in the past when i was also using mt4.

The majority of negative reviews I have seen on trustpilot for any firm are because A) the user is a shit trader and failed or b) they didnt read the rules, broke the rules and then blame the firm for it.

Even funding talent before they started changing the rules had very few valid negative reviews.
  • #5,663
  • Nov 21, 2021 4:06pm Nov 21, 2021 4:06pm
Quoting Tradelevels
this is nothing but a fraud and what have been advertised its not there in reality... ...Some may come and argue here that I can take big lots, but whats the benefit of taking big lots when you can't have loss beyond $500? Don't prove me wrong instead ask this Q to your self
-It may be deceptive marketing, but it is not fraudulent. Anyone with a brain can see what the offer really is, and if you look at the numbers, some of the offers are actually quite good, regardless of how they are presented.
  • #5,664
  • Nov 21, 2021 4:27pm Nov 21, 2021 4:27pm
Quoting Nsak3y
{quote}-It may be deceptive marketing, but it is not fraudulent. Anyone with a brain can see what the offer really is, and if you look at the numbers, some of the offers are actually quite good, regardless of how they are presented.
Sir, deceptive marketing in forex is another form of fraud, what they are saying trade their funds and they are funding you which is never true, Its you who are trading using your own funds here, nothing you are getting on the name of funding, you will realize when you calculate all numbers. I my self had run a brokerage so can say this with confident I am not here to discouraged anyone just showing the reality behind this open fraud going on. You will see in coming year or 2 financial authorities will Crack these fraud.
  • #5,665
  • Nov 21, 2021 5:23pm Nov 21, 2021 5:23pm
Quoting Tradelevels
Sir, deceptive marketing in forex is another form of fraud, what they are saying trade their funds and they are funding you which is never true, Its you who are trading using your own funds here, nothing you are getting on the name of funding, you will realize when you calculate all numbers.
-To be clear, when I say deceptive, I was not speaking in general terms, but rather how some people may view it. More importantly, deceptive marketing is not the same as false marketing or false advertising. There is a difference.

For example, the pictures that you see at the drive-thru menu are likely never going to accurately represent what you end up shoving into your face. Maybe you feel like you were deceived, but you weren't really lied to.

Have you even bothered to look at the draw-down allowances that are offered with some of these programs? Numbers do not lie. Furthermore, you get your money back after successful completion of the challenge. But you think that you are still trading your own money? Yeah, go with that then.
  • #5,666
  • Nov 21, 2021 5:27pm Nov 21, 2021 5:27pm
Quoting Nsak3y
{quote}-To be clear, when I say deceptive, I was not speaking in general terms, but rather how some people may view it. More importantly, deceptive marketing is not the same as false marketing or false advertising. There is a difference. For example, the pictures that you see at the drive-thru menu are likely never going to accurately represent what you end up shoving into your face. Maybe you feel like you were deceived, but you weren't really lied to. Have you even bothered to look at the draw-down allowances that are offered with some of these...
Yes, I have seen drawdown. And so saying this
Let say $10K and dd is 5% means $500, what you are paying $190 means you are getting $500 in $190. Have you used forex brokers with bonus? For example let say Octafx giving 100% bonus means if you deposit $200 then octa giving you $400. This is exact model FTMO have with their DD, they are running illegal brokerage on the name of prop firm as brokerage needs many more licenses. As I have said as a former broker my self knows this fraud model very well.
  • #5,667
  • Nov 21, 2021 5:33pm Nov 21, 2021 5:33pm
Here is an example of what MFF offers:

24K draw-down allowance (balance) for $979. After successful completion of challenge, you are fully refunded your $979 and are trading a 24K account completely risk-free.

But you think that you are trading your own money and that it is a fraud?

You keep throwing around hypothetical examples to prove your case, but I am showing you a real example here. So, prove me wrong.
  • #5,668
  • Nov 21, 2021 7:44pm Nov 21, 2021 7:44pm
Quoting Fagin
{quote} Well I’m not one of the smart ones here but since you haven’t had a reply I’ll chip in. As a higher timeframe swing trader I’ve tried to make it fit and it failed twice. I gave up trying to make it fit and now scalp day trade. Maybe if you had more than one swing strat and you could overlay your entries and exits it could work. Forget about FTMO “swing” account because it’s just a euro FX ESMA retail account marketed to mislead folks. Anything under 22 trading days is a waste of time for a long term trader. Possibly you might get an MFF...
Quoting pipmaster77
{quote} Not smart by any means, but have been pretty successful trading with these firms....One of my suggestions has already been posted....MFF, if you're a swing trader, you would certainly qualify for the free one time extension, so you'd have 60 days to make 8%. My other is to look at your trade history (your DD in particular) and see if there is any way you can bump the risk up and still stay under the DD limits. One of my strategies is a weekly pivot method, which involves scaling in and out of multiple entries, some are held for several days....
Thanks Fagin and pipmaster77, I'll consider having a crack at MFF next year. My strategy backtests as profitable consistently, but the demo account I've been running it on the last couple of months is just chopping around at break even. Probably just because half the trades are in the small hours of the morning for me and I'm asleep.
Much appreciate the feedback!
  • #5,669
  • Nov 21, 2021 9:34pm Nov 21, 2021 9:34pm
Quoting Nsak3y
Here is an example of what MFF offers: 24K draw-down allowance (balance) for $979. After successful completion of challenge, you are fully refunded your $979 and are trading a 24K account completely risk-free. But you think that you are trading your own money and that it is a fraud? You keep throwing around hypothetical examples to prove your case, but I am showing you a real example here. So, prove me wrong.
Another worthless argument. I really have no idea why these trolls show up here. maxing out MFF and FTMO gives me 112k in DD, all fees refunded, I am trading 112k risk free. Yes, they may portray it as 1 million in funding (400K at FTMO and 600K at MFF), fact still remains I have 112K and I have zero money at risk. For 95% who fail the challenge, they would simply be blowing their money in personal accounts, for the 5% who know what they are doing....you cannot beat what they are offering.
  • #5,670
  • Nov 21, 2021 10:45pm Nov 21, 2021 10:45pm
No matter what it is in life, there will always be critics. In this case, I think that this gentleman may not be fully informed. Maybe he will end up seeing the light.
  • #5,671
  • Nov 22, 2021 2:46am Nov 22, 2021 2:46am
Quoting Nsak3y
No matter what it is in life, there will always be critics. In this case, I think that this gentleman may not be fully informed. Maybe he will end up seeing the light.
Don't waste your breath... these people will always be waiting for the bus in the cold and rain on Monday morning...
  • #5,672
  • Edited 3:10am Nov 22, 2021 2:58am | Edited 3:10am
Quoting 1odi
{quote} tottaly agree, 5% can be a lot of money depending on the account size. my point was that price doesn t move when we want, so i can t monitor the trades every sec of every min for the whole day etc..and depending on the risk management and trade management, isn t that uncommon specially on a day like this past friday for example. i had a limit on GU for a short, never got tagged into the trade as price just colapsed, but to make the point, my SL was 8 pips. could be even 10 up to 15pips, the way price moves sometimes, even when there aren...
this is what i was refering 2 and is main reason why MFF daily DD for me it s nasty
u have the before and after pic just earlier today, still in this trade, looking to manage the swing till it kicks me out or reached TP which would be like 8RR.
with FTMO i can just set BE and leave it be, with MFF if it would do a sudden pullback beeing up 5% for instance i d lose the acount. now that seems reasonable? really hoping they d change that and not be based on equity anymore
EDIT> no freezing, no mark up in spread, so far atleast on ctrader it s cruiser
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  • #5,673
  • Nov 22, 2021 3:40am Nov 22, 2021 3:40am
Quoting Tradelevels
Prop firms have only 1 pro and i.e. you can take big lots Let say these prop firm offering you $10K account but limiting you with $500 dd which is 5% DD, this is nothing but a fraud and what have been advertised its not there in reality. If you have $10K funded that should give you a capacity of trading and holding till 10k let say if not 10k still some $5K a mid point, but with $10K account you can max lose is $500 means what do you have really is $500 and not $10K. Some may come and argue here that I can take big lots, but whats...
Read about money management. You will understand what is 10K account with 5% DD...
  • #5,674
  • Nov 22, 2021 3:41am Nov 22, 2021 3:41am
Quoting 1odi
{quote} this is what i was refering 2 and is main reason why MFF daily DD for me it s nasty u have the before and after pic just earlier today, still in this trade, looking to manage the swing till it kicks me out or reached TP which would be like 8RR. with FTMO i can just set BE and leave it be, with MFF if it would do a sudden pullback beeing up 5% for instance i d lose the acount. now that seems reasonable? really hoping they d change that and not be based on equity anymore EDIT> no freezing, no mark up in spread, so far atleast on ctrader it...

Lower your lot size.. pretty simple.
  • #5,675
  • Nov 22, 2021 3:44am Nov 22, 2021 3:44am
Quoting 1odi
{quote} this is what i was refering 2 and is main reason why MFF daily DD for me it s nasty u have the before and after pic just earlier today, still in this trade, looking to manage the swing till it kicks me out or reached TP which would be like 8RR. with FTMO i can just set BE and leave it be, with MFF if it would do a sudden pullback beeing up 5% for instance i d lose the acount. now that seems reasonable? really hoping they d change that and not be based on equity anymore EDIT> no freezing, no mark up in spread, so far atleast on ctrader it...
I think you don't understand DD. From MFF "Daily dd is calculated from starting equity or balance of the day (whichever is higher) based on the broker’s timezone."
  • #5,676
  • Nov 22, 2021 3:52am Nov 22, 2021 3:52am
Quoting Tim_isoara
{quote} I think you don't understand DD. From MFF "Daily dd is calculated from starting equity or balance of the day (whichever is higher) based on the broker’s timezone."
u answered urself dude, so if in a day u make 5% (to not say in a single trade) and u lose 5% same day, u lost the account. it s trailing DD based on equity from what i gather, if not so pls correct me.
with FTMO for instance, u can make 10% in a day and lose it and be back at BE in same day, ur account is safe.
  • #5,677
  • Nov 22, 2021 4:19am Nov 22, 2021 4:19am
Quoting 1odi
{quote} u answered urself dude, so if in a day u make 5% (to not say in a single trade) and u lose 5% same day, u lost the account. it s trailing DD based on equity from what i gather, if not so pls correct me. with FTMO for instance, u can make 10% in a day and lose it and be back at BE in same day, ur account is safe.
You are wrong. "Daily dd is calculated from starting equity or balance of the day (whichever is higher) based on the broker’s timezone."
You start the day with 10k ( starting equity or balance of the day) You lose the account at 9500.
So you make 5% an lose 5% you are at 10k. At 9500 you lose the account.
  • #5,678
  • Nov 22, 2021 4:24am Nov 22, 2021 4:24am
Quoting 1odi
{quote} u answered urself dude, so if in a day u make 5% (to not say in a single trade) and u lose 5% same day, u lost the account. it s trailing DD based on equity from what i gather, if not so pls correct me..
Not exactly...your DD limit resets only at 00:00 server time everyday. Its at that time that the DD limit (-5%) either from equity or balance (whichever is higher) is determined; so technically, you could make 25% on the day and lose 18% on the same day and be fine.

That being said, the DD rule is the only thing I wish MFF could reconsider, just for simplicity sake; but as it is they score 99.999999% in my book already..
  • #5,679
  • Nov 22, 2021 4:30am Nov 22, 2021 4:30am
Quoting Thoughts
{quote}Not exactly...your DD limit resets only at 00:00 server time everyday. Its at that time that the DD limit (-5%) either from equity or balance (whichever is higher) is determined; so technically, you could make 25% on the day and lose 18% on the same day and be fine. That being said, the DD rule is the only thing I wish MFF could reconsider, just for simplicity sake; but as it is they score 99.999999% in my book already..
hopefully i m wrong and it s like u guys say, then it s exactly like FTMO and it isn t a relative 1. i can t recall where i read, but i remember that it was a trailing DD based on equity. if so, then it s great.
  • #5,680
  • Nov 22, 2021 4:37am Nov 22, 2021 4:37am
Quoting 1odi
{quote} hopefully i m wrong and it s like u guys say, then it s exactly like FTMO and it isn t a relative 1. i can t recall where i read, but i remember that it was a trailing DD based on equity. if so, then it s great.
Go here: https://myforexfunds.com/evaluation/

See rule 10.

And no, its not exactly like FTMO; FTMO's DD calculations are more friendly to swing traders
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