Prop Firm Hub | Page 351 | 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

  • #7,001
  • Mar 16, 2022 4:25pm Mar 16, 2022 4:25pm
Quoting turnip15
Funded Trading Plus . A UK based trading group. Update: https://www.fundedtradingplus.com/ex...rader-program/ And the Homepage of their site: https://www.fundedtradingplus.com
They also have a discord site to which you can address questions rather than read inaccurate speculations from some here who have agendas of their own. By the way, I am researching this and other firms but this one seems a good prospect so far.
every Saint has a past. Every Sinner has a Future
  • #7,002
  • Edited Mar 17, 2022 4:42am Mar 16, 2022 5:49pm | Edited Mar 17, 2022 4:42am
Hello,

I need to ask these for FTMO before I could start with them.
After reading the negative 1 star reviews on trustpilot for FTMO about the last 12 months I would like to know the real facts and what are only myths. Thanks.

1) Is there really massive slippage (on non red news of course) after passing Phase 1+2 on FTMO ? Some on trustpilot are saying up to 20 pips (or points meant ?) on a major after passing the challenge and verification. So you do not get the same conditions on those demo accounts when passing the 2 phases ? I have also one scalping strategy so slippage is sensitive to me when hunting for 5 or 6 pips. I do not scalp during news.

2) Second, how is the daily loss calculated. It is always daily loss limit and open trade loss limit in addition too ? One on trustpilot said, you cannot hit 10 times -0.5% loss on open swing trade, because this will be caculated as -5% loss on the 10th day as violation. Is then the same on the opposite true for floating gains?
Say you have $5000 open floating gains (not closed PNL) on a Swing trade (and zero other trades with zero PNL as an example) and on the other day the floating profit comes down to zero, do you hit the daily loss on a 100k account then or not on this new day ? If not you can then have up to $-9999 loss on a new day because the floating gains are overtaken from previous day(s) ? FTMO answers to this question, but it is always misleading and their answer can be understood in a different way too. So I ask this here for no misunderstanding since this is important for my swing setups.

3) Is their MT5 still freezing several times a day ? They had this problems some months ago, but it seems on trustpilot this update with MT5 causing this error (FTMO says that on their own too) is never solved until today, is this true ?

4) Did they have massive slippage on their MT4 platform too ? I read reviews saying they had a stoploss and got stopped out much worse when there was no reason for it.

5) So I would only go with cTrader platform. Are there any issues known here ? I just want to ask if it matters to make 10 lot or 50 lot orders on a 200k account for scalping for slippage reasons ?

6) Is the traders central server problem with Myforexfunds solved, there are recently so many countless complaints on trustpilot about them. I am not considering anymore but I would like to know this, since they seems to be the No.2 in this business.

Cheers and thank you for answering.
  • #7,003
  • Mar 17, 2022 2:28am Mar 17, 2022 2:28am
Quoting TrAndy1
Hello, I need to ask these for FTMO before I could start with them. 1) Is there really massive slippage (on non red news of course) after passing Phase 1+2 on FTMO ? Some on trustpilot are saying up to 20 pips (or points meant ?) on a major after passing the challenge and verification. So you do not get the same conditions on those demo accounts when passing the 2 phases ? I have also one scalping strategy so slippage is sensitive to me when hunting for 5 or 6 pips. I do not scalp during news. 2) Second, how is the daily loss calculated. It is always...
It might be useful to also copy and paste your set of questions into both the dedicated FTMO thread and their support if you haven't done so already.

Masterrmind .............
Master your Mind then Master your Trades
  • #7,004
  • Mar 17, 2022 2:40am Mar 17, 2022 2:40am
Anyone heard anything about Blue Guardian Capital? I just got an email they have a dashboard now
  • #7,005
  • Mar 17, 2022 4:12am Mar 17, 2022 4:12am
Quoting navk
my 100k challenge phase 1 9 days passed. Today is 10 th day {image}
10 Days exhausted.

11 th day in progress. Phase 1 - 100 k evaluation.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 22 KB
Intraday only.
  • #7,006
  • Mar 17, 2022 5:04am Mar 17, 2022 5:04am
Quoting mlseenie
Anyone heard anything about Blue Guardian Capital? I just got an email they have a dashboard now
From what I can see on Blue Guardian Capital the dashboard is the same one that everyone else is using. Would have been nice to see some originality
  • #7,007
  • Edited 7:59am Mar 17, 2022 6:07am | Edited 7:59am
Quoting turnip15
Funded Trading Plus . A UK based trading group. Update: https://www.fundedtradingplus.com/ex...rader-program/ And the Homepage of their site: https://www.fundedtradingplus.com
Looks interesting to me. Yes the negatives are that the leverage is low (only 1:10) and it uses eight cap broker, also its fairly new.
But on the bright side, the no time limit on the evaluation is attractive and the low leverage could be a blessing in disguise. Worth a punt.

Update: actually I realized they are using a trailing total drawdown, which rules this out for me.
Your worst drawdown is yet to come
  • #7,008
  • Mar 17, 2022 7:08am Mar 17, 2022 7:08am
I'm seeing a lot of new prop firms popping up using eightcapas their broker. Are they like the new TC?
Truth is like poetry. And most people f*cking hate poetry.
  • #7,009
  • Mar 17, 2022 7:25am Mar 17, 2022 7:25am
MFF What to do when you qualify for a live account = email @account who then tell you to email @billing who then tell you to emaill @account who then tell you to email @billing....

Honestly I feel like I have lost the plot now!
  • #7,010
  • Mar 17, 2022 7:43am Mar 17, 2022 7:43am
Quoting Fagin
MFF What to do when you qualify for a live account = email @account who then tell you to email @billing who then tell you to emaill @account who then tell you to email @billing.... Honestly I feel like I have lost the plot now!
In short.... You are FK'd
  • #7,011
  • Edited 7:54am Mar 17, 2022 7:43am | Edited 7:54am
Quoting Fagin
MFF What to do when you qualify for a live account = email @account who then tell you to email @billing who then tell you to emaill @account who then tell you to email @billing.... Honestly I feel like I have lost the plot now!
you will get auto email once you pass phase II, you need click 'upgrade' in analyzer, they will email your live account info automatically .. all done within an hour. I think MFF does wonderful jobs nowadays. I have no issue with them with new account info. my payouts are always timely through Deel.
  • #7,012
  • Mar 17, 2022 7:57am Mar 17, 2022 7:57am
Quoting Boulder
{quote} you will get auto email once you pass phase II, you need click 'upgrade' in analyzer, they will email your live account info automatically .. all done within an hour. I think MFF does wonderful jobs nowadays. I have no issue with them with new account info. my payouts are always timely through Deel.
This is a Rapid account on the "old" system, so it doesn't exist on my dashboard.

It's all very poorly executed and extremely unprofessional, basically what they should do is just refund my fee and I'll walk away.. they can keep my 12% return..

If you are thinking about a Rapid, just don't bother! MFF should rebrand it as the Rabid Account because thats what it does to you....
  • #7,013
  • Edited 9:31am Mar 17, 2022 8:20am | Edited 9:31am
Quoting navk
{quote} 10 Days exhausted. 11 th day in progress. Phase 1 - 100 k evaluation. {image}
British news helped me to score big today
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 37 KB
Intraday only.
  • #7,014
  • Mar 17, 2022 10:18am Mar 17, 2022 10:18am
Quoting Capablanca
{quote} Trailing drawdown for me is a no go. At some point we're just playing with our own money and not receiving 100% of the profits.
Today I received phase 1 bonus from Deel to my bank account.

They charge 5 $ towards transfer.

My next payout along with phase 2 bonus and fee refund next Wednesday.

Probably i will trade less in funded account and concentrate more on evaluation account until next Wednesday.

I am 3.5 % plus in my funded account. 4 more trading days to go to finish 1 st month trading.
Intraday only.
  • #7,015
  • Mar 17, 2022 2:08pm Mar 17, 2022 2:08pm
Quoting navk
{quote} Today I received phase 1 bonus from Deel to my bank account. They charge 5 $ towards transfer. My next payout along with phase 2 bonus and fee refund next Wednesday. Probably i will trade less in funded account and concentrate more on evaluation account until next Wednesday. I am 3.5 % plus in my funded account. 4 more trading days to go to finish 1 st month trading.
Thanks for the info.
Transfers from Deel to Revolut and Wise I never paid (although Wise is changing the fees from tomorrow and it seems they will be charging when we receive transfers).
Anyway, 5 USD doesn't seem a lot if the amount is reasonable.
  • #7,016
  • Mar 18, 2022 3:05am Mar 18, 2022 3:05am
Honest review on Finotrade:

It'll be interesting to see if they actually pay out!

Inserted Video
  • #7,017
  • Mar 18, 2022 4:03am Mar 18, 2022 4:03am
Finotrader said it changed it spreads to IC Markets Raw ECN spreads from Standard accounts spreads for all new accounts some days ago (+$7 rtl commission for each model). Is that true ? Can someone post a screenshot of actual spreads on his IC Markets demo account please ? Thanks.
  • #7,018
  • Mar 18, 2022 4:40am Mar 18, 2022 4:40am
I just provided my KYC documentation to FinoTrader inluding the signed contract. Curious to see how long it will take to verify.
Just one thing in the contract that was strange, it says "minimum 10 trading days per month", but on their website they state "NO minimum trading days". I have asked FinoTrader Support for clarification, let's wait what they respond.

UPDATE: FinoTrader does not exactly state the min. trading days, they only say "NO profit target". So the 10 trading days per month in the contract is no discrepancy.
  • #7,019
  • Mar 18, 2022 5:04am Mar 18, 2022 5:04am
Quoting Olarion1975
I just provided my KYC documentation to FinoTrader inluding the signed contract. Curious to see how long it will take to verify. Just one thing in the contract that was strange, it says "minimum 10 trading days per month", but on their website they state "NO minimum trading days". I have asked FinoTrader Support for clarification, let's wait what they respond. UPDATE: FinoTrader does not exactly state the min. trading days, they only say "NO profit target". So the 10 trading days per month in the contract is no discrepancy.
When they say 10 minimum trading days on a funded account, then it is clear for me you cannot trade 0.01 lots for securing profits for less than 10 trading days on a given month. Could you or anybody confirm that ? Did you ask that ? Because I would like to know how much lower you can go in size, say you traded 5 lots per trade in average, so you need to trade 1 or 2.5 lots minimum then for completing the 10 trading days ? Because it depends very much on the markets how much one can get good opportunities to trade. Did you ask that what is the minimum trade size for completing the 10 days every month ? What is the formula they use here ? Thanks. Does a open swing trade count every trading day or only when it is closed ? Then you need to scalp or daytrade 10 days. That is difference, I would like to know the exact requirements. It looks like a joke when they allow to finish evaluations in 1 day and then you need to trade 10 days on funded accounts. I guess there are some more hidden rules, if you do not ask explicitly. I am sure.

And could you please post a screenshot of your actual spreads on your funded account then ? Thank you.
  • #7,020
  • Mar 18, 2022 5:05am Mar 18, 2022 5:05am
Quoting TrAndy1
Finotrader said it changed it spreads to IC Markets Raw ECN spreads from Standard accounts spreads for all new accounts some days ago (+$7 rtl commission for each model). Is that true ? Can someone post a screenshot of actual spreads on his IC Markets demo account please ? Thanks.
Yes, $7 commission per lot. Please see here the current spreads of the IC markets demo account I used for phase 2, they are actually quite good.
Attached Image (click to enlarge)
Click to Enlarge Name: spreads.PNG Size: 40 KB
48 traders viewing now