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Anyone trading with a Prop firm 31 replies

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  • #6,941
  • Mar 13, 2022 6:16am Mar 13, 2022 6:16am
Quoting Masterrmind
{quote} Thank you fxbarwise. The funny thing about the challenges is that even if you successfully pass one, it still has very little to do with being a successful trader in general. Since we also know that several traders have gained MFF funded accounts only to lose them within a month. Therefore, I prefer to say that traders did or did not have good fortune through to the funded stage and if they then went on to lose the funded account it's quite likely that they became less fortunate or that they simply threw caution to the wind and took off...
As for funded account I set the DD as $500 instead of 5K.
  • #6,942
  • Mar 13, 2022 6:30am Mar 13, 2022 6:30am
Regarding True Forex I had left a review here some time ago:
https://www.forexfactory.com/thread/...8#post13876118

They were a new company and I think they were doing the right things. I got already 4 payouts from them so they pay.

However their service is worsening. I just left a message in their thread for the case they still read it. The payout process is preventing people from trading about 3 or 4 days in each cycle of 14 days, which is unacceptable, unless you have multiple accounts with them or with some other props.
As a new company they need to be better than other and not worse.
  • #6,943
  • Mar 13, 2022 8:11am Mar 13, 2022 8:11am
I get this email from FINOTRADER, how in the world can someone trust a prop firm that claims they are English(lie 100%)
but cannot get their sentences correct, on their website and on the emails they send??
This is an email sent to me minimum 4-5 times in the last month, no one that works there can see the mistake in the heading??
Does anyone have REAL feed back from this firm?
Attached Image (click to enlarge)
Click to Enlarge Name: finotrader.PNG Size: 22 KB
Those who don't believe in magic will never find it
  • #6,944
  • Mar 13, 2022 9:04am Mar 13, 2022 9:04am
I think they are in trading business and not in English teaching business. And also possibly email department is handled by some Russian I guess.
Allergic to bullshitters, never argue with fools
  • #6,945
  • Mar 13, 2022 9:17am Mar 13, 2022 9:17am
Quoting Muhammedfx
I think they are in trading business and not in English teaching business. And also possibly email department is handled by some Russian I guess.
English teaching, lol, you are joking right? If a company does not have the ability to proof read all their postings you are going to trust them with your
money, and you are going to trust that they are going to pay you or answer your emails since they are missing small details, since they cannot pay
someone do the proof reading
Not a professional company 100%, your image is everything in the money world(these are called RED flags)
I hope they prove me wrong, I will be surprised
Those who don't believe in magic will never find it
  • #6,946
  • Mar 13, 2022 9:23am Mar 13, 2022 9:23am
Quoting PayTheBid
{quote} English teaching, lol, you are joking right? If a company does not have the ability to proof read all their postings you are going to trust them with your money, and you are going to trust that they are going to pay you or answer your emails since they are missing small details, since they cannot pay someone do the proof reading Not a professional company 100%, your image is everything in the money world(these are called RED flags) I hope they prove me wrong, I will be surprised
I personally hate spelling mistakes especially if it is coming from a company and not from some personal contact
but as I said person handling emails seems non-English person
Allergic to bullshitters, never argue with fools
  • #6,947
  • Mar 13, 2022 11:31am Mar 13, 2022 11:31am
Off Topic Question about MFF withdrawal - Does any one know if partial withdrawal is possible with the new Dashboard, when you click on Payout Request button
  • #6,948
  • Mar 13, 2022 11:45am Mar 13, 2022 11:45am
For this reason many people not getting replies from prop funds.
Attached Image (click to enlarge)
Click to Enlarge Name: 20220313_221404.jpg Size: 75 KB
Allergic to bullshitters, never argue with fools
  • #6,949
  • Mar 13, 2022 1:05pm Mar 13, 2022 1:05pm
Quoting karun
Off Topic Question about MFF withdrawal - Does any one know if partial withdrawal is possible with the new Dashboard, when you click on Payout Request button
I don't think they can do partial withdraw. Whenever I click on payout request button, they don't give you option for how much, just where to send your payout.
  • #6,950
  • Mar 13, 2022 1:25pm Mar 13, 2022 1:25pm
Quoting Muhammedfx
For this reason many people not getting replies from prop funds. {image}
That's funny how companies that claim to make hundreds of millions from funding traders can't afford to hire a couple of people to answer emails.
Either it is true that rich people didn't get rich by spending money or they are full of sh*t about making so much money.
  • #6,951
  • Mar 13, 2022 1:49pm Mar 13, 2022 1:49pm
Quoting OutThere
{quote} Either it is true that rich people didn't get rich by spending money or they are full of sh*t about making so much money.
It's one of the main answers from speakers to the question about how rich people became rich and I agree with that. All spend money, but most people don't know or don't want to learn how to spend it right.
  • #6,952
  • Mar 13, 2022 2:00pm Mar 13, 2022 2:00pm
Quoting Boulder
{quote} I don't think they can do partial withdraw. Whenever I click on payout request button, they don't give you option for how much, just where to send your payout.
Thank you. It is strange that they did so much update to the dashboard, but don't allow partial withdrawal.
  • #6,953
  • Mar 13, 2022 6:13pm Mar 13, 2022 6:13pm
Quoting PayTheBid
I get this email from FINOTRADER, how in the world can someone trust a prop firm that claims they are English(lie 100%) but cannot get their sentences correct, on their website and on the emails they send?? This is an email sent to me minimum 4-5 times in the last month, no one that works there can see the mistake in the heading?? Does anyone have REAL feed back from this firm? {image}
Noticed this as well and made a post about.

https://www.forexfactory.com/thread/...1#post13916171

As non native English speakers there is nothing wrong with that, but at least try make an effort to spell and grammar check for professionalism. In today's world there are multiple tools available to help with this.
Truth is like poetry. And most people f*cking hate poetry.
  • #6,954
  • Mar 13, 2022 7:05pm Mar 13, 2022 7:05pm
Quoting garfield75
{quote}
Wow !

Welcome to the 200K challenge stable and a TE visible.

I wish you the very best of trading.

Masterrmind ............
Master your Mind then Master your Trades
  • #6,955
  • Mar 13, 2022 7:21pm Mar 13, 2022 7:21pm
Quoting Capablanca
{quote} An update of the update about The Trading Capital. Feb 24th - I achieved the profit target of phase 1 (including the 10 trading days). I sent an email to them that day. Feb 27th - I sent another email Mar 1th - I sent another email Mar 2nd - They replied saying that I would get credentials in 24 hours Mar 4th - I sent another email Mar 7th - I sent another email Mar 8th - I sent another email This week I was going to open a dispute in Paypal. I thought they just died. Today I received an email with credentials: First of all, we want to sincerely...
Thanks for keeping the thread updated Capablanca.

I notice they use the terminology " 24 business hours ".

This means they could actually take 3 full days to get back with a reply since 8 hours is typical of one business day.

Personally, I would hate to have to wait that long for a reply.

Same or next business day is what I would call acceptable customer service, anything longer than that and I start to think their customer service team is grossly understaffed or asleep at the desk.

Masterrmind ..........
Master your Mind then Master your Trades
  • #6,956
  • Mar 13, 2022 7:30pm Mar 13, 2022 7:30pm
Quoting mixedbags
{quote} As for funded account I set the DD as $500 instead of 5K.
That's being very conservative.

Nothing wrong with playing a tenth of the available DD allowance though.

Masterrmind ............
Master your Mind then Master your Trades
  • #6,957
  • Mar 14, 2022 12:42am Mar 14, 2022 12:42am
Quoting OutThere
{quote} They did email me with this reply: Hi, Thanks for reaching out. No account has been closed for no reason. We paid all traders which pass Phase-2 on funded account. That doesn't say much. Doji posted the trades that were executed. Did they look like there was anything wrong with them? hmmm...what do they see that we don't see? This encrypted reply certainly doesn't help. It might as well say we are always right no matter what and we won't tell you how. Over all, I have no confidence in this firm. Even saying "We paid all traders which pass...
Thanks, OutThere, for taking the trouble.

But after contacting my credit-card issuer for a charge-back, I also had that credit card replaced with a new one for security reasons.

Lesson learned. I've since moved on...
Amor Fati--F. Nietzsche
  • #6,958
  • Edited 2:07am Mar 14, 2022 1:51am | Edited 2:07am
Quoting karun
{quote} I recently contacted billing email address for Phase 1 Bonus payout, I think the response came from support though. But they did respond with in a day and the payout came with in 48 hours to deel from the time of first reach out to them. But have to agree that there seems to be disconnect between their support team's communication with in them.
MFF Non Payout

Thanks for the reply. They agreed the payout on Friday and then cancelled it yesterday because they said I missed my original payout request (I've sent them evidence of my request and several support tickets complaining about the payout button not working on the dashboard and non payout).

So here I am, no payout, told to trade another month, no fund refund which was due 25th Feb and no live account allocation which was due 25th Feb.
And to add insult to injury they have reset my trading account as well taking my accrued profit out.

I am so regretting buying another Evaluation challenge last month. Trading is really hard but these distractions should not be happening..
  • #6,959
  • Mar 14, 2022 2:37am Mar 14, 2022 2:37am
Quoting Fagin
{quote} MFF Non Payout Thanks for the reply. They agreed the payout on Friday and then cancelled it yesterday because they said I missed my original payout request (I've sent them evidence of my request and several support tickets complaining about the payout button not working on the dashboard and non payout). So here I am, no payout, told to trade another month, no fund refund which was due 25th Feb and no live account allocation which was due 25th Feb. And to add insult to injury they have reset my trading account as well taking my accrued profit...
Agreed Fagin.

No one deserves to go through this process.

They really need to revamp or replace their customer service side.

I can only hope it eventually sorts itself out for you although you've already suffered enough.

Masterrmind ..........
Master your Mind then Master your Trades
  • #6,960
  • Mar 14, 2022 3:00am Mar 14, 2022 3:00am
Quoting Fagin
{quote} MFF Non Payout Thanks for the reply. They agreed the payout on Friday and then cancelled it yesterday because they said I missed my original payout request (I've sent them evidence of my request and several support tickets complaining about the payout button not working on the dashboard and non payout). So here I am, no payout, told to trade another month, no fund refund which was due 25th Feb and no live account allocation which was due 25th Feb. And to add insult to injury they have reset my trading account as well taking my accrued profit...

WOW that's unbelievable, they are charging us the buzz of their fault. this is dishonesty, not expected from any popular co.
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