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  • #6,221
  • Jan 4, 2022 8:23am Jan 4, 2022 8:23am
Quoting profitfarmer
{quote} Q: does a virtual office address makes something really UK based, and thus " reliable" or it is more of a cheap trick, with a question begging to be asked why not a real company address used by supposed real companies? not the first "prop firm" of this kind, nor the last. worthy is a wide category... Happy New Year to all! Z
Before shouting 'cheap trick' etc you could have done some research - see below.
Scroll to the bottom of their web page:

Copyright 2022 Trade Room Plus | CAD 2013 Ltd
Trade Room Plus, 71 Humberston Avenue, Humberston, Grimsby, Lincolnshire, DN36 4SR
NOTE: Lincolnshire is in the UK.
https://traderoomplus.com/contact/
every Saint has a past. Every Sinner has a Future
  • #6,222
  • Jan 4, 2022 8:28am Jan 4, 2022 8:28am
Quoting geoffrod
{quote} I do like this offering from Simon and Co, only concern i really have is the trailing Drawdown, In theory, you trade the live account up 10% but unless you want to close that account you can never get THAT profit. the no time limit is good, the scaling up is good. just the trailing drawdown. {image}
Hello geoffrod, Michael from Funded Trading Plus. Thanks for looking at our program. We believe we have the simplest and fairest rules in the industry. Trailing drawdown stops at the account starting value. Keep making money and it won't follow you up. I have to ask: why would you want to take out ALL THAT profit? Our funded trading model enables traders to build a large amount of capital from our base capital. Trading that capital is what enables traders to earn a really decent salary equivilent. Taking ALL the money out takes them straight back to the starting point.
  • #6,223
  • Jan 4, 2022 8:37am Jan 4, 2022 8:37am
Quoting profitfarmer
{quote} Q: does a virtual office address makes something really UK based, and thus " reliable" or it is more of a cheap trick, with a question begging to be asked why not a real company address used by supposed real companies? not the first "prop firm" of this kind, nor the last. worthy is a wide category... Happy New Year to all! Z
Quoting turnip15
New UK based prop firm appears worthy of consideration. https://www.fundedtradingplus.com/?d...85510253906250

their listed address per website:
Our Address
FTP London Ltd
7 Bell Yard,
London,
WC2A 2JR

then, now your posted this:

Copyright 2022 Trade Room Plus | CAD 2013 Ltd
Trade Room Plus, 71 Humberston Avenue, Humberston, Grimsby, Lincolnshire, DN36 4SR
NOTE: Lincolnshire is in the UK.
https://traderoomplus.com/contact/

are you sure i was answering the same link/"firm"?

"Before shouting....."
exactly my thought!!
cheers
Z
there is always, always another trade!!
  • #6,224
  • Jan 4, 2022 9:16am Jan 4, 2022 9:16am
Quoting profitfarmer
{quote} Quoting turnip15 New UK based prop firm appears worthy of consideration. https://www.fundedtradingplus.com/?d...85510253906250 their listed address per website: Our Address FTP London Ltd 7 Bell Yard, London, WC2A 2JR then, now your posted this: Copyright 2022 Trade Room Plus | CAD 2013 Ltd Trade Room Plus, 71 Humberston Avenue, Humberston, Grimsby, Lincolnshire, DN36...
Hi, this is Michael from Funded Trading Plus. Our registered office is in London and we have access to offices there. Our business is a UK registered company and we all work from our home offices in the UK and use the registered office for key meetings. This is the new normal for businesses. It also reduces our business cost and is one of the reasons we can offer the most competitive prop funding programs on the market.
  • #6,225
  • Jan 4, 2022 9:36am Jan 4, 2022 9:36am
Quoting MichaelFTP
{quote} Hi, this is Michael from Funded Trading Plus. Our registered office is in London and we have access to offices there. Our business is a UK registered company and we all work from our home offices in the UK and use the registered office for key meetings. This is the new normal for businesses. It also reduces our business cost and is one of the reasons we can offer the most competitive prop funding programs on the market.
sure Michael, of course it does!
indeed, an extremely popular feature of "prop firms".
you know, firms that supposedly have millions and millions to hand out and a stable of profitable traders that keep raking in money.
not having an office or a normal landline ( not 0333 number) would make all sense. or not.
my fault, i am not an easy sell on these details. so excuse me that.
there is always, always another trade!!
  • #6,226
  • Jan 4, 2022 10:19am Jan 4, 2022 10:19am
Quoting profitfarmer
{quote} Quoting turnip15 New UK based prop firm appears worthy of consideration. https://www.fundedtradingplus.com/?d...85510253906250 their listed address per website: Our Address FTP London Ltd 7 Bell Yard, London, WC2A 2JR then, now your posted this: Copyright 2022 Trade Room Plus | CAD 2013 Ltd Trade Room Plus, 71 Humberston Avenue, Humberston, Grimsby, Lincolnshire, DN36...
Both links apply to different sections. Sorry for any confusion which I am sure the poster MichaelFTP clears up. I am pleased you apologised to him.
every Saint has a past. Every Sinner has a Future
  • #6,227
  • Jan 4, 2022 10:36am Jan 4, 2022 10:36am
If anybody has questions about our programs and our business model do please ask, I'll try to get back to you as soon as I get notified. Regards Michael, Funded Trading Plus
  • #6,228
  • Jan 4, 2022 10:40am Jan 4, 2022 10:40am
Quoting MichaelFTP
I have to ask: why would you want to take out ALL THAT profit?
-Because securing profits is what professional traders do. It is surprising to me that you would advocate otherwise. Any program with a trailing draw-down that forces a trader to lock in their own profits does not have the trader's best interests in mind, especially programs that do not offer a return of the challenge fee.
  • #6,229
  • Jan 4, 2022 11:55am Jan 4, 2022 11:55am
as requested:

Lux 6% achieved in 41 days...
roughly 3% worst drawdown...
mostly algo, about 15% of profits from manual...
manual and algo all work on tight stoploss, large tp...
closed quite a few algo trades to preserve profit.
Maybe half the time it would have been better to let it run.


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  • #6,230
  • Jan 4, 2022 12:27pm Jan 4, 2022 12:27pm
Quoting Nsak3y
{quote}-Because securing profits is what professional traders do. It is surprising to me that you would advocate otherwise. Any program with a trailing draw-down that forces a trader to lock in their own profits does not have the trader's best interests in mind, especially programs that do not offer a return of the challenge fee.
Yes, that's what we do!

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  • #6,231
  • Jan 4, 2022 12:55pm Jan 4, 2022 12:55pm
Does anybody have any experience or due diligence on fxchallengeexperts?
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  • #6,232
  • Jan 4, 2022 1:21pm Jan 4, 2022 1:21pm
Quoting Nsak3y
{quote}-Because securing profits is what professional traders do. It is surprising to me that you would advocate otherwise. Any program with a trailing draw-down that forces a trader to lock in their own profits does not have the trader's best interests in mind, especially programs that do not offer a return of the challenge fee.
My point is that funded traders will treat the account as an asset of the business, best practice is the build up to a point where the account size can generate, with moderate risk, a regular pay out that meets the trader's needs. Taking ALL the profit out does not do that. But different traders will want to work in different ways. By all means withdraw ALL the profit. It will mean starting again.
  • #6,233
  • Jan 4, 2022 1:40pm Jan 4, 2022 1:40pm
Quoting MoxFulder
Does anybody have any experience or due diligence on fxchallengeexperts? {image}
I know people who have tried similar and lost the accounts as they failed and then would not give refunds or reasons why they did not pass.

I would suggest that if you are not able to pass these challenges, then if these firms do pass for you, then likely will fail in first month as not able to manage the account and end up with huge drawdown
  • #6,234
  • Jan 4, 2022 1:40pm Jan 4, 2022 1:40pm
FTP London Ltd is the registered company that runs Funded Trading Plus. Our original business Trade Room Plus is registered under CAD2013 Ltd. 2 companies exactly the same ownership. We are changing over any mentions of CAD2013 Ltd on FT+ website to FTP London Ltd. Do let us know the link where you find the wrong business listed and we'll change it. Thanks.
  • #6,235
  • Jan 4, 2022 1:45pm Jan 4, 2022 1:45pm
Quoting MichaelFTP
{quote} My point is that funded traders will treat the account as an asset of the business, best practice is the build up to a point where the account size can generate, with moderate risk, a regular pay out that meets the trader's needs. Taking ALL the profit out does not do that. But different traders will want to work in different ways. By all means withdraw ALL the profit. It will mean starting again.
I think you miss the main point of why traders might be interested in the prop firm model.
Don't give up on your dreams. Keep sleeping.
  • #6,236
  • Jan 4, 2022 2:35pm Jan 4, 2022 2:35pm
Quoting TradeUP
{quote} I know people who have tried similar and lost the accounts as they failed and then would not give refunds or reasons why they did not pass. I would suggest that if you are not able to pass these challenges, then if these firms do pass for you, then likely will fail in first month as not able to manage the account and end up with huge drawdown
Totally agree. The way these guys so boldly advertise their passing rates is insane, they claim a refund if they don't pass. I don't know how new they are, I can't find much on them.
  • #6,237
  • Jan 4, 2022 2:42pm Jan 4, 2022 2:42pm
''Welcome to hell'': Only 4% of founded traders are lucky to get their 1st profit split and just 8 funded traders on the list scary.... and many many more comparation here
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  • #6,238
  • Jan 4, 2022 3:33pm Jan 4, 2022 3:33pm
Quoting geoffrod
{quote}In theory, you trade the live account up 10% but unless you want to close that account you can never get THAT profit. the no time limit is good, the scaling up is good. just the trailing drawdown. {image}
I think that you can, you just start over with the trailing dd chasing you.. unless I misunderstood you. Owner could make it clear.

Also love the no time limit, but would prefer the "per industry" standard leverage @ 1:50, 1:100
  • #6,239
  • Jan 4, 2022 4:15pm Jan 4, 2022 4:15pm
Quoting MoxFulder
Does anybody have any experience or due diligence on fxchallengeexperts? {image}
No first hand experience. However, I hear of alot of people who have wasted money on these so called experts. Two points jump out at me.....1. If they are experts, why are they simply not trading their own challenges and live accounts? 2. Do they trade the live account for you as well or are people that naive they pay someone to pass a challenge for them and then blow the live account. I guess the market for stupidity is infinite.
  • #6,240
  • Jan 4, 2022 4:19pm Jan 4, 2022 4:19pm
Quoting MichaelFTP
{quote} My point is that funded traders will treat the account as an asset of the business, best practice is the build up to a point where the account size can generate, with moderate risk, a regular pay out that meets the trader's needs. Taking ALL the profit out does not do that. But different traders will want to work in different ways. By all means withdraw ALL the profit. It will mean starting again.
The point of not taking all the profit out makes sense when BUILDING YOUR OWN ACCOUNT. I do not need a prop firm if I need to keep my profits in. Look at FTMO and MFF if you plan on becoming successful in this business. All of us trading live accounts and earning significant money use these two firms. I would love to add a third, however, it has to be as good or better than their offerings. Been searching for over 6 months.
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