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  • #7,221
  • Mar 28, 2022 12:19am Mar 28, 2022 12:19am
Quoting kd1
{quote} Those are the Max Scaling numbers if you achieve constant 10% on your account or 20% in case of emphatic accounts
These are initial balances once signed up ?
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Intraday only.
  • #7,222
  • Mar 28, 2022 12:22am Mar 28, 2022 12:22am
Quoting navk
{quote} These are initial balances once signed up ? {image}
Yes Mate they are....
Regret is Brutal
  • #7,223
  • Mar 28, 2022 12:35am Mar 28, 2022 12:35am
Quoting navk
{quote} These are account balance once signed up for those plans ? {image}
For Emphatic 50k
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  • #7,224
  • Mar 28, 2022 12:52am Mar 28, 2022 12:52am
Quoting Boulder
{quote} By the way its risk free once you move up one level in accelerated account.
It is not risk free 50k OD is 5K. When you move up to phase 1 which is 100k the OD is 10k. Phase 2 is 15K. Every phase is 10% - for phase 7 the OD is $202,000.
Likewise the targets scale up accordingly.
  • #7,225
  • Mar 28, 2022 2:03am Mar 28, 2022 2:03am
Quoting mixedbags
{quote} It is not risk free 50k OD is 5K. When you move up to phase 1 which is 100k the OD is 10k. Phase 2 is 15K. Every phase is 10% - for phase 7 the OD is $202,000. Likewise the targets scale up accordingly.
what I meant risk free is 100% return of your initial capital once you move up phase 1. sorry I was not clear before..
you pay $4900, once you make $10k , you move up to $100k, you got paid 50% $10 k profit $5k , which covers your initial investment. ...
  • #7,226
  • Mar 28, 2022 2:23am Mar 28, 2022 2:23am
Saw this in MFF discord, for the case someone is interested:

Quote
To celebrate the first anniversary of our evaluation accounts we are giving 10% off all evaluations until the 1st of April.
Its been a wild year, and we would like to thank you all for supporting us on our journey to the top of the Prop Trading industry. With over 40 million in payouts in the last year, we are now primed to hit the 100 million paid in 2022.
Trade well, see you in 2023.
Thank you MFF Family!
Use code 1YEAR! To get your 10% discount!
  • #7,227
  • Mar 28, 2022 5:28am Mar 28, 2022 5:28am
MFF is legit. I already got a payout from them. Only downside is that payout processing was a bit slow. I wasn't able to trade for 2-3 days while they were processing...
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  • #7,228
  • Mar 28, 2022 7:34am Mar 28, 2022 7:34am
Quoting Olarion1975
{quote} UPDATE: Still no reaction on e-mails or chat messages - 1 week after I finished phase 2. I am really thinking to believe that FinoTrader is the next big SCAM. They got their money and are gone. So please nobody should buy any account at FinoTrader!!! And Masterrrrmind, please remove them from page 1 or mark them as "SCAM / fraud".
Update 28.03.22: Still no reaction via chat or e-mail. I contacted my bank and initiated a chargeback of my fee. I am really disappointed and have lost trust in prop trading firms in general. Who knows how many 'prop firms' out there behave the same and only cash in the evaluation fee without ever copying any trades to their live accounts (which they might not have anyways).

For me personally, I will continue to only trade my own live accounts. So I don't have to share my profits and I can trade however I like wihout having to be afraid not to be paid out.

@Masterrmind, I would appreciate if you could delete FinoTrader from page 1. Many more will likely follow...
  • #7,229
  • Mar 28, 2022 7:56am Mar 28, 2022 7:56am
Quoting MrBianco
MFF is legit. I already got a payout from them. Only downside is that payout processing was a bit slow. I wasn't able to trade for 2-3 days while they were processing... {image}
you can trade soon they deduct profits out of your mt4 account. you don't need to wait
  • #7,230
  • Mar 28, 2022 8:06am Mar 28, 2022 8:06am
Quoting Capablanca
Saw this in MFF discord, for the case someone is interested: {quote}
I doubt that $40 mil were all entry fees, they must copy traders live trades
  • #7,231
  • Mar 28, 2022 8:23am Mar 28, 2022 8:23am
Guys, regarding MFF accelerated accounts, they are not worth it. It is worse than funding your own account.
  • #7,232
  • Mar 28, 2022 1:33pm Mar 28, 2022 1:33pm
Quoting Boulder
{quote} you can trade soon they deduct profits out of your mt4 account. you don't need to wait
That's what I thought but then they told me to close my trades.
  • #7,233
  • Mar 28, 2022 2:07pm Mar 28, 2022 2:07pm
Quoting TrAndy1
For anyone who is interested in Blake his TFTP or any prop firm which uses Eightcap as broker, here are the spreads as an example. {image}

They have also an account with commissions, about 3.5 dollar per lot, total 7$.


I am also thinking of making an attempt. 10 % of 100k is not easy to achieve I think in 4 weeks.
  • #7,234
  • Edited 7:54pm Mar 28, 2022 7:29pm | Edited 7:54pm
Quoting Nsak3y
Guys, regarding MFF accelerated accounts, they are not worth it. It is worse than funding your own account.
As discussed here numerous times... These 1:1 fee to drawdown prop accounts are 100% marketing hype!

Let's say your risk per trade allows 10 straight losses before blowing the prop account and losing the fee. if you put that same money in an offshore broker account with 200-500:1 leverage and set the risk per trade to allow the same 10 straight losses to blow the deposit (- required margin to hold the 10th trade), the private account keeping 100% profits will ALWAYS come out way ahead of the prop account with scaling after deducting the firms share.

The only way these accounts are competitive is if the trader refuses to trade offshore and will only trade with US/EU/UK/AUS/CAN low leverage regulated brokers.
  • #7,235
  • Mar 28, 2022 7:36pm Mar 28, 2022 7:36pm
Quoting Olarion1975
{quote} Update 28.03.22: Still no reaction via chat or e-mail. I contacted my bank and initiated a chargeback of my fee. I am really disappointed and have lost trust in prop trading firms in general. Who knows how many 'prop firms' out there behave the same and only cash in the evaluation fee without ever copying any trades to their live accounts (which they might not have anyways). For me personally, I will continue to only trade my own live accounts. So I don't have to share my profits and I can trade however I like wihout having to be afraid...
Shall do.

If they manage to change their ways in the future it can be reversed.

Masterrmind ............
Master your Mind then Master your Trades
  • #7,236
  • Mar 28, 2022 7:46pm Mar 28, 2022 7:46pm
Quoting CableJ
{quote} As discussed here numerous times... These 1:1 fee to drawdown prop accounts are 100% marketing hype! Let's say your risk per trade allows 10 straight losses before blowing the prop account and losing the fee. if you put that same money in an offshore broker account with 200-500:1 leverage and set the risk per trade to allow the same 10 straight losses to blow the deposit (- required margin to hold the 10th trade), the private account keeping 100% profits will ALWAYS come out way ahead!!! The only way these accounts are competitive is if...
Exactly. For some reason some are fooled by the Size of the account, when the DD allowed is the ONLY thing that matters. You could give me a $1 million dollar account, if the DD is $10K, my risk per trade must be based on the 10K. I think people get fooled by the fact you can use YOUR ENTIRE EQUITY in a personal account to determine risk per trade, but you can only use DD allowed with a prop to determine risk per trade. If I have a 100K prop account with 10K allowable DD and a 10K personal account and my risk per trade is 2%, I can literally risk 2% ($200) in the personal account, however, if I risk that same 2% on the EQUITY of the prop account it's 2K, giving me a risk of ruin of 5 losers. Therefore a prop account with 100K and 10K DD and a personal account of 10K, if using the same risk parameters would be executing the same size trades. The second trick is the scaling, if you make 20% we double the account, well if you make 20% that is 20K on a 10K risk factor, so it is 200%, of course they should double the account, YOU JUST DID!!!!! They gave you nothing extra, but they are keeping 50%. I've said it I feel like a million times, if you are not using a challenge/eval style prop firm, you don't need a prop firm....just trade your personal account.
  • #7,237
  • Edited 8:40pm Mar 28, 2022 8:21pm | Edited 8:40pm
Quoting Boulder
{quote} I doubt that $40 mil were all entry fees, they must copy traders live trades
According to Josh @ MFF. As they gather information on traders during Phase I, II & live (usage of stops, stop sizes, position sizes, risk per trade, risk:reward, win %, risk to ruin, sharp ratio ect.) they categorize traders... some never hit live market, some get B booked and others are piggy backed (add a few lots) and sent to live market.
  • #7,238
  • Mar 28, 2022 8:34pm Mar 28, 2022 8:34pm
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  • #7,239
  • Mar 28, 2022 8:39pm Mar 28, 2022 8:39pm
Quoting TrAndy1
For anyone who is interested in Blake his TFTP or any prop firm which uses Eightcap as broker, here are the spreads as an example. I do not like their spreads for FX. {image}

whats the full form his prop firm (tftp).
  • #7,240
  • Mar 28, 2022 9:03pm Mar 28, 2022 9:03pm
I guess the entire concept of OPM. Is bullshit according to some here, Goldman and Merle Lynch should close their doors. Sitting in front the screen and making a few k. Is better than sitting in front the screen. With a multiple for the same work is smart. Lets do some math because math never lies. Example. I have a 10k account. I make 1%. That's 100$.
Or for the same work with a 100K OPM account. I make 1k. Ok if its a 50/50 split. I make 500$. 5X the money for the same work. I guess Henry Ford taking 6 weeks to build a car. Was better than the 3 minute assembly line.
To each his own. Sam Walton should have stuck to the one store in Arkansas.

PS, dont ask your brother in-law for financial advice. Unless he is successful.
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those who can, do. those who cant, talk about those who can
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