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Anyone trading with a Prop firm 31 replies

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  • #8,121
  • May 23, 2022 6:07am May 23, 2022 6:07am
Quoting turnip15
This new UK firm is still making its way in the world of prop firm hubs and may deserve attention. https://www.fundedtradingplus.com It also has a Discord site but the last trader could be on dangerous grounds with his approach - just lucky so far with his first couple of trades ? https://discord.com/invite/8fjYcFUXx7
not quite that new. you were advertising them in a couple of posts, months ago, back in January already...

but indeed, no one else mentioning them here, probably didn't get the attention you think deserves.
if may suggest, post your funded acct with them, along first the experience/review, that gets more consideration usually.
there is always, always another trade!!
  • #8,122
  • May 23, 2022 7:16am May 23, 2022 7:16am
Quoting sampat
{quote} It is shit firm. What kind of firm still gives relative drawdown that too taking fees equivalent to drawdown. For any account they need 5% of account as fees and if I make 5% and loose 5% another day you take away money. Please explain why it deserve attention.
Judging by your reply and previous posts you seem to do little research and I doubt you have contacted them to clarify any points. But carry on with your ill considered and inarticulate rants and people will quickly discover what an empty vessel you are.
every Saint has a past. Every Sinner has a Future
  • #8,123
  • May 23, 2022 7:17am May 23, 2022 7:17am
Quoting profitfarmer
{quote} not quite that new. you were advertising them in a couple of posts, months ago, back in January already... but indeed, no one else mentioning them here, probably didn't get the attention you think deserves. if may suggest, post your funded acct with them, along first the experience/review, that gets more consideration usually.
Thank you for a better mannered reply than some here.
every Saint has a past. Every Sinner has a Future
  • #8,124
  • May 23, 2022 7:32am May 23, 2022 7:32am
Quoting turnip15
{quote} Judging by your reply and previous posts you seem to do little research and I doubt you have contacted them to clarify any points. But carry on with your ill considered and inarticulate rants and people will quickly discover what an empty vessel you are.
Look at the screenshot who is empty balloon you will understand before promoting anything. Looks like you are chips filled with air no substance.
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  • #8,125
  • May 23, 2022 7:36am May 23, 2022 7:36am
Quoting turnip15
This new UK firm is still making its way in the world of prop firm hubs and may deserve attention. https://www.fundedtradingplus.com It also has a Discord site but the last trader could be on dangerous grounds with his approach - just lucky so far with his first couple of trades ? https://discord.com/invite/8fjYcFUXx7
I only looked at the 2 phases challenge model and it's bad compared with other alternatives.

They charge 499 USD for a 100K account, with 10% target in phase 1 and 5% target in phase 2.

Can't hold during weekends, need to have a stop otherwise trade is closed and, the really bad, they have a trailing stop.

They need to improve a lot to worth a look.

Any company offering a trailing stop save us time because it's an immediate red cross over it.
  • #8,126
  • May 23, 2022 7:38am May 23, 2022 7:38am
Quoting Capablanca
{quote} I only looked at the 2 phases challenge model and it's bad compared with other alternatives. They charge 499 USD for a 100K account, with 10% target in phase 1 and 5% target in phase 2. Can't hold during weekends, need to have a stop otherwise trade is closed and, the really bad, they have a trailing stop. They need to improve a lot to worth a look. Any company offering a trailing stop save us time because it's an immediate red cross over it.
Agreed anything relative drawdown is really bad.
  • #8,127
  • May 23, 2022 8:14am May 23, 2022 8:14am
Sorry to say but E8 is out. Any outfit that charges nearly $10 commission with miserable spread are a no-no!


I do like Fundednext. The spreads and trading conditions are acceptable and $99 (less discount) for a $15k evaluation account is a good deal IMHO.
I'm not an affiliate - just my honest opinion
  • #8,128
  • May 23, 2022 8:20am May 23, 2022 8:20am
Quoting Mtinifx
Sorry to say but E8 is out. Any outfit that charges nearly $10 commission with miserable spread are a no-no! I do like Fundednext. The spreads and trading conditions are acceptable and $99 (less discount) for a $15k evaluation account is a good deal IMHO. I'm not an affiliate - just my honest opinion
Try bitcoin. They charge 0.16$ for 0.01 lot which is like 160 pips (dollars spread). Their indices spreads are horrible plus they add commissions.
If you trade only 4 Majors (EU, GU, UJ, AU) they are good plus they give withdrawal in 8 days.
  • #8,129
  • May 23, 2022 8:24am May 23, 2022 8:24am
Finally arrived today, my second profit split from TFF from my small funded account.
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  • #8,130
  • May 23, 2022 8:30am May 23, 2022 8:30am
Quoting Mtinifx
Sorry to say but E8 is out. Any outfit that charges nearly $10 commission with miserable spread are a no-no! I do like Fundednext. The spreads and trading conditions are acceptable and $99 (less discount) for a $15k evaluation account is a good deal IMHO. I'm not an affiliate - just my honest opinion
On forex E8funding spreads are pretty decent (European session). Enclosed the spreads right now (14:25 London time). On other instruments like indexes I haven't checked.
Commissions are not cheap in forex but they're not expensive either (0.005% of USD lot value so 100.000 USD for example is 5.30 USD total commission)
I'm still in phase 1 of the challenge model so I can't speak for funded process or payouts.
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  • #8,131
  • May 23, 2022 8:57am May 23, 2022 8:57am
Quoting TrAndy1
Finally arrived today, my second profit split from TFF from my small funded account. {image}
I just did a small 10K with them to check trading conditions. Not too crazy about $7 commission, when I only pay $3 at MFF and FTMO. Passed in 12 hours Expo style (not how I normally trade, but figured I'd give a shot on the 10K). I also wanted to see how quick phase 2 credentials and funded credentials arrive.
  • #8,132
  • May 23, 2022 6:35pm May 23, 2022 6:35pm
Quoting pipmaster77
{quote} I just did a small 10K with them to check trading conditions. Not too crazy about $7 commission, when I only pay $3 at MFF and FTMO. Passed in 12 hours Expo style (not how I normally trade, but figured I'd give a shot on the 10K). I also wanted to see how quick phase 2 credentials and funded credentials arrive.
Phase 2 credentials arrived an hour ago. Smooth process so far.
I also observed account number is 800 higher than phase 1 credentials. So 800 new sign ups, phase 2 accounts and funded accounts in 24 hours.. I believe these guys are going to be relevant.
  • #8,133
  • May 23, 2022 6:54pm May 23, 2022 6:54pm
Quoting pipmaster77
{quote} Phase 2 credentials arrived an hour ago. Smooth process so far. I also observed account number is 800 higher than phase 1 credentials. So 800 new sign ups, phase 2 accounts and funded accounts in 24 hours.. I believe these guys are going to be relevant.
Good point on the account number difference.

The first time I got funded account credentials took less than 2 hours from the time I finished phase 2. And that includes the ID verification. This time it took 2 days to get the funded credentials. Maybe they are growing quickly. Either way, it's been problem-free so far.
Pride always comes before destruction.... -Proverbs 16:18
  • #8,134
  • May 23, 2022 10:14pm May 23, 2022 10:14pm
Quoting pipmaster77
{quote} I just did a small 10K with them to check trading conditions. Not too crazy about $7 commission, when I only pay $3 at MFF and FTMO. Passed in 12 hours Expo style (not how I normally trade, but figured I'd give a shot on the 10K). I also wanted to see how quick phase 2 credentials and funded credentials arrive.
What shits me about this is, how the F do you guys do this so 'F'n easily. whilst mugs like me struggle to get their first funded account!!!
  • #8,135
  • May 23, 2022 11:22pm May 23, 2022 11:22pm
It may be possible to set the risk / reward for small to day candle trend move by taking short or long.

With near to full margin.

For a small size account.

If you loose..few dollars fee.

If you win...10k account.
Intraday only.
  • #8,136
  • May 24, 2022 12:56am May 24, 2022 12:56am
Quoting pipmaster77
{quote} Phase 2 credentials arrived an hour ago. Smooth process so far. I also observed account number is 800 higher than phase 1 credentials. So 800 new sign ups, phase 2 accounts and funded accounts in 24 hours.. I believe these guys are going to be relevant.
Knowing that people notice this and having my own server, I would have a random incremental generator number for the accounts numbers, to pretend I was growing faster than I really was.

Congrats on this mate. Curious to see how long it will take the funded credentials once you get there.
  • #8,137
  • May 24, 2022 3:38am May 24, 2022 3:38am
Quoting pipmaster77
{quote} Exactly. Especially with the lower end price points. What did that cost you? $93. Now you essentially have a $1,000 account (10K with 10% DD). So you essentially took a 10.7:1 RR trade although it was truly a 1.6 RR in terms of pips. The folks doing it on the larger challenges either a. have deep pockets or b. are reinvesting profits from the props and/or personal accounts. Definitely a high risk approach, but perhaps not considering you will begin generating profits on the funded account that much quicker.
Spot on Pip! Long time, no see .

IMHO the time value of cash flow back in the trader's direction is an underappreciated metric. Its one of the things I really do appreciate about MFF's model..now it seems some new kids on the block have caught on, and are scrapping minimum trading days; with shorter payout periods. Funny thing is, it actually should be better for the bottom line of the firm.
  • #8,138
  • Edited 5:28am May 24, 2022 3:38am | Edited 5:28am
Passed Phase 2.

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Intraday only.
  • #8,139
  • May 24, 2022 3:44am May 24, 2022 3:44am
Also passed phase 1 in E8 funding.

100k account.



Did much more than needed.

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Intraday only.
  • #8,140
  • May 24, 2022 4:06am May 24, 2022 4:06am
Quoting navk
Also passed phase 1 in E8 funding. 100k account. Did much more than needed. {image} {image}
Congrats mate!
I'm also running a E8 challenge phase 1 and I'm very interested in knowing how long between finishing phase 1 and getting credentials for phase 2.
If you could keep us update about that it would be great. Thanks.
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