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  • #7,081
  • Mar 20, 2022 3:55pm Mar 20, 2022 3:55pm
Guys I see that The Funded Trader are now offering "Rapid challenge" option. Prices are OK. You can get paid within 20 days. Broker is PurpleTrading - have no idea if their spreads are competitive.


And the 5ers are starting some new offer. 100% profit split. Don't quite know if it's any good. More information here:

Inserted Video
  • #7,082
  • Mar 20, 2022 4:13pm Mar 20, 2022 4:13pm
Quoting TrAndy1
{quote} Can you tell me more about FTMO slippage ? It is not based on their market depth what you can see on cTrader ? On their trial account I could not see it and I had no slippage even on big lots. Could someone post a screenshot of FTMO's market depth ? Is any good execution just for very small lot sizes, is the volume so thin ? I have no problem at all with normal slippage and I can compare that with IC Markets live accounts.
I personally have not experienced massive slippage @ ftmo or mff... but 1. I never trade around major news 2. I avoid rollover time 3. I never trade thinner Japan session 4. my lot sizes are split into multiple smaller orders 4. my entry & exit orders are not @ obvious places (support, resistance, chart bar highs/lows) where there are tons of orders competing for fills at the same price levels.
  • #7,083
  • Mar 20, 2022 4:17pm Mar 20, 2022 4:17pm
Quoting Mtinifx
Guys I see that The Funded Trader are now offering "Rapid challenge" option. Prices are OK. You can get paid within 20 days. Broker is PurpleTrading - have no idea if their spreads are competitive. And the 5ers are starting some new offer. 100% profit split. Don't quite know if it's any good. More information here: https://www.youtube.com/watch?v=9EknTYI33t8
5%ers must be getting desperate.... no one really talks about them anymore since the prop firms w/ eval models popped up. Their growth has been stagnant over the past year vs the newer competition.
  • #7,084
  • Mar 20, 2022 4:21pm Mar 20, 2022 4:21pm
Quoting CableJ
{quote} I personally have not experienced massive slippage @ ftmo or mff... but 1. I never trade around major news 2. I avoid rollover time 3. I never trade thinner Japan session 4. my lot sizes are split into multiple smaller orders 4. my entry & exit orders are not @ obvious places for breakout fills (support, resistance, chart bar highs/lows) where there are tons of orders competing for fills at the same price levels.
So in short, you do not experience issues BECAUSE YOU KNOW HOW TO TRADE. Funny, no issues here either.
  • #7,085
  • Mar 20, 2022 5:15pm Mar 20, 2022 5:15pm
Quoting TrAndy1
https://the5ers.com/freestyle-trading-program/ I cannot click on those items to get more info, the link on website must be brand new. It does not work for me. I read on trustpilot the spreads where high, someone can tell me more please ? The offer looks to good to be true, I would need more details. E.g. what are the funded account rules then ? Or is this already the funded account ? Are they kidding ? I have $50k as drawdown when I make $100k and get 100% profit out of it for €495 only? What ? I asked the support and I am waiting for...
From what I understand so far, your "evaluation" is 100 positions on a 50K account. If you enter many small trades of same instrument it only constitutes 1 position. So you can average in, average down, martingale, etc. To pass and get funded, you must have 30% or greater winning % and your profit must be at least 2 times your max DD, so you could pass making $100 as long as DD didn't exceed $50, etc.... TBH, with a 50K account, you could trade .01 and martingale until the position is profitable, no DD limit, so plenty of room to play.
Once you pass, the only thing I know is it is a 50K account and you keep 100% profit. Not clear on any DD rules, scaling program, etc.
  • #7,086
  • Mar 20, 2022 8:09pm Mar 20, 2022 8:09pm
Quoting CableJ
{quote} 5%ers must be getting desperate.... no one really talks about them anymore since the prop firms w/ eval models popped up. Their growth has been stagnant over the past year vs the newer competition.
they dont offer as many instruments or leverage vs FTMO

i looked at them but now i practice with FTMO on their free trials
  • #7,087
  • Mar 20, 2022 9:06pm Mar 20, 2022 9:06pm
Hi Guys
Well I've gone for the Fundednext option bought the $100,000 account for £480 so not the end of the world if it doesn't work out. Someones gotta give it a go and see how they follow through with all their promises of 90% profit share etc.

I just liked the simplicity of it , rules are simple enough allowed 5% per day max loss and 10% on the month so should be able to stick within those rules ok.

I've gone for the Express option as I could get it done in 10 days with a bit of luck. I've worked out trading a £50 per pip I need 25 pips per session trading the London and New York opens to hit their 25% growth in 10 days and get funded. However if I only get 12.5 pips per session so 25 pips per day it will take 20 days. Either way is ok with me.

If I manage to do that and make £25,000 profit I receive 15% at end of the first month so £3,750 plus my £480 fee back so that in itself would be a result. Anyway you receive 15% of whatever you make in the first month so bit of a no brainer for me as long as I don't fall fowl of their 5% daily loss rule which means at £50 per pip I have to lose 100 pips in a day and I have no intention of doing that for sure.

With the Express method you get as long as you like to hit their 25% target so even if I have disasters, I should get there eventually and you get the 15% profit share whilst you're doing it.

I just hope they follow through with their promises and its not just a scam to get my £480....If it is good luck to em, it won't happen again.

Anyway time will tell, lets see how it goes?

I'll update here as I go and keep you all posted as to my progress...

All the best Clive
Feel the Fear and do it anyway!!!
  • #7,088
  • Mar 20, 2022 9:53pm Mar 20, 2022 9:53pm
Quoting clivepackham
Hi Guys Well I've gone for the Fundednext option bought the $100,000 account for £480 so not the end of the world if it doesn't work out. Someones gotta give it a go and see how they follow through with all their promises of 90% profit share etc. I just liked the simplicity of it , rules are simple enough allowed 5% per day max loss and 10% on the month so should be able to stick within those rules ok. I've gone for the Express option as I could get it done in 10 days with a bit of luck. I've worked out trading a £50 per pip I need 25 pips per session...
Good luck and keep us updated please.

Personally, I don't like the express model.

1) First profit split only 60%
2) Consistency rules
3) No scalping

And obviously, no payment history yet so a no go for me.
Pride always comes before destruction.... -Proverbs 16:18
  • #7,089
  • Mar 20, 2022 11:46pm Mar 20, 2022 11:46pm
Quoting sam68
Not sure why everyone keeps looking for a new prop firm, isn't FTMO good enough and paying??
It's a good idea to always have a backup Prop Firm if one reasonably good enough exists.

One idea is to seek a third when 2 and 2 are maxed out allocation wise.

What if 1 and 2 both vanish, would have made sense to have a third on the backburner.

In any case maxing out 1 and 2 would have you sitting on $1Million in funding and I am yet to see any proof of this although perhaps there are a few rare examples floating around.

Masterrmind ............
Master your Mind then Master your Trades
  • #7,090
  • Mar 20, 2022 11:48pm Mar 20, 2022 11:48pm
Quoting clivepackham
Hi Guys Well I've gone for the Fundednext option bought the $100,000 account for £480 so not the end of the world if it doesn't work out. Someones gotta give it a go and see how they follow through with all their promises of 90% profit share etc. I just liked the simplicity of it , rules are simple enough allowed 5% per day max loss and 10% on the month so should be able to stick within those rules ok. I've gone for the Express option as I could get it done in 10 days with a bit of luck. I've worked out trading a £50 per pip I need 25 pips per session...
Have you tried FTMO and/or MyForexFunds ?

Masterrmind .............
Master your Mind then Master your Trades
  • #7,091
  • Edited 2:49am Mar 21, 2022 2:10am | Edited 2:49am
Quoting Mtinifx
Guys I see that The Funded Trader are now offering "Rapid challenge" option. Prices are OK. You can get paid within 20 days. Broker is PurpleTrading - have no idea if their spreads are competitive. And the 5ers are starting some new offer. 100% profit split. Don't quite know if it's any good. More information here: https://www.youtube.com/watch?v=9EknTYI33t8
Just a load of....,

1 trade permitted each time, 1:30 leverage and an average 2 to 1 win ratio on a single trade? Unless I've missed something? Most know the long term numbers are stacked against you... every 100 trades.

These guys must also run a casino.. Good luck though, let us know how it goes.

Edit: Just watched another video, just to make sure you are winner they will disallow all WINNING trades that are below X% of your average winner.. I mean, WTF?
  • #7,092
  • Mar 21, 2022 2:46am Mar 21, 2022 2:46am
Quoting Mtinifx
Guys I see that The Funded Trader are now offering "Rapid challenge" option. Prices are OK. You can get paid within 20 days. Broker is PurpleTrading - have no idea if their spreads are competitive. And the 5ers are starting some new offer. 100% profit split. Don't quite know if it's any good. More information here: https://www.youtube.com/watch?v=9EknTYI33t8
They use PurpleTrading after they moved from Nash.
Spreads in evaluation model are decent, although not as good as MFF or True Forex.
About 0.6 pips in GBPUSD, 0.4 pips in EURUSD and 0.6 pips in AUDUSD (European session)
  • #7,093
  • Mar 21, 2022 5:51am Mar 21, 2022 5:51am
Quoting Capablanca
{quote} They use PurpleTrading after they moved from Nash. Spreads in evaluation model are decent, although not as good as MFF or True Forex. About 0.6 pips in GBPUSD, 0.4 pips in EURUSD and 0.6 pips in AUDUSD (European session)
Just tested them on a demo account. Not too bad except for the commision which is a bit steep. $8 per lot
  • #7,094
  • Mar 21, 2022 6:32am Mar 21, 2022 6:32am
Quoting Fagin
{quote} Just a load of...., 1 trade permitted each time, 1:30 leverage and an average 2 to 1 win ratio on a single trade? Unless I've missed something? Most know the long term numbers are stacked against you... every 100 trades. These guys must also run a casino.. Good luck though, let us know how it goes. Edit: Just watched another video, just to make sure you are winner they will disallow all WINNING trades that are below X% of your average winner.. I mean, WTF?
Your last sentence.

Wow that's just nasty.

I recall one firm I looked at out of initial interest only had some crazy 125 trade model where SL had to be a minimum of 25 pips and I think a 2 RR.

Strike rate greater than about 45% to 50% was required to pass or progress.

I might try dig it up it was out of this world, trading wise.

Masterrmind ..............
Master your Mind then Master your Trades
  • #7,095
  • Mar 21, 2022 7:30am Mar 21, 2022 7:30am
Upon further examination, and as some already mentioned here, Funded Next's evaluation doesn't allow scalping, (at least they have the decency to have a clear concise rule on this) >30 seconds between open/close, no news trading for evaluation live(allowed for phases 1, 2), EA's only if developed by the user.

As for the consistency on the express, it is a nice addition that weekly allowed position sizing and frequency is clearly shown in their dashboard daily(after 1st week), for those that are ok with this.

A clear no for me as well, mff being the only prospect.
  • #7,096
  • Mar 21, 2022 7:38am Mar 21, 2022 7:38am
Quoting qazaq
Upon further examination, and as some already mentioned here, Funded Next's evaluation doesn't allow scalping, (at least they have the decency to have a clear concise rule on this) >30 seconds between open/close, no news trading for evaluation live(allowed for phases 1, 2), EA's only if developed by the user. As for the consistency on the express, it is a nice addition that weekly allowed position sizing and frequency is clearly shown in their dashboard daily(after 1st week), for those that are ok with this. A clear no for me as well, mff being...

No I think I'm going for the Funded Trader Rapid. Payment within 20 days (if I stay in the game!) sounds really nice

Anyone know if there are any discount codes available for these guys?
  • #7,097
  • Mar 21, 2022 7:43am Mar 21, 2022 7:43am
Quoting Mtinifx
{quote} Just tested them on a demo account. Not too bad except for the commision which is a bit steep. $8 per lot
That's strange. On normal evaluations and funded accounts they change 5 per lot in forex (anyway, its not the cheaper one around).
  • #7,098
  • Mar 21, 2022 7:49am Mar 21, 2022 7:49am
Quoting Mtinifx
{quote} No I think I'm going for the Funded Trader Rapid. Payment within 20 days (if I stay in the game!) sounds really nice Anyone know if there are any discount codes available for these guys?
I received an email from them last week with code MARCHMADNESS

It's says 15% of all standard challenges (maybe this doesn't apply to rapid) + 125% refund + 85% payout (end on March 31st)
You could try it in the checkout and see if that is valid also in rapid.

If not, you could try Blake code VVS. I used it in the past to purchase challenge. It's 10% off + 115% refund. I saw that in a youtube video.
  • #7,099
  • Mar 21, 2022 7:50am Mar 21, 2022 7:50am
Quoting Mtinifx
{quote} No I think I'm going for the Funded Trader Rapid. Payment within 20 days (if I stay in the game!) sounds really nice Anyone know if there are any discount codes available for these guys?
Know nothing about it sorry, I certainly don't like them, but that's just my personal taste. There could be some on their discord.
Best of luck!:-)
  • #7,100
  • Mar 21, 2022 7:52am Mar 21, 2022 7:52am
Quoting Capablanca
{quote} That's strange. On normal evaluations and funded accounts they change 5 per lot in forex (anyway, its not the cheaper one around).
Is it the same type of account though? I wonder? The one I got on demo is "raw ecn". On Dow for instance it says: "dow_ecn"
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