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  • #9,201
  • Jul 9, 2022 9:54am Jul 9, 2022 9:54am
Quoting TrAndy1
{quote} BluFx is ok. You just need to be aware of low leverage but if your trading style can deal with that then they are ok. The overall is score is very good. There is value here. FYI https://www.youtube.com/watch?v=g9nC9d4HmQk
yes they is ok mey be . but i saw they has very big spreads and very low lot size on any pairs .. like gold only 0.12 lot size .. that is horrible
  • #9,202
  • Jul 9, 2022 9:55am Jul 9, 2022 9:55am
Quoting TrAndy1
{quote} BluFx is ok. You just need to be aware of low leverage but if your trading style can deal with that then they are ok. The overall is score is very good. There is value here. FYI https://www.youtube.com/watch?v=g9nC9d4HmQk
So, essentially for 249 eur, you receive 5K DD with 50% split, so 2500, although you need 5% to get paid, it is not an eval, so that 5% is not wasted. Wouldn't this give them a score of 10....$2,500 allowed loss for $250? Only difference here, of course, is the monthly recurring, so it is a score of 10 but you must repeat the process month after month. Didn't dive into it too much, does the scaling require you to leave the profit in and use your own DD like all of the other similar "scale to 1 million in 3 month" models?
  • #9,203
  • Jul 9, 2022 9:56am Jul 9, 2022 9:56am
Quoting maximusa
{quote} yes they is ok mey be . but i saw they has very big spreads and very low lot size on any pairs .. like gold only 0.12 lot size .. that is horrible
it's 3:1 leverage. Most, if not all challenge models are 100:1 or higher(although not recommended to go that high, it's there if you want it)
  • #9,204
  • Jul 9, 2022 10:07am Jul 9, 2022 10:07am
Quoting pipmaster77
{quote} So, essentially for 249 eur, you receive 5K DD with 50% split, so 2500, although you need 5% to get paid, it is not an eval, so that 5% is not wasted. Wouldn't this give them a score of 10....$2,500 allowed loss for $250? Only difference here, of course, is the monthly recurring, so it is a score of 10 but you must repeat the process month after month. Didn't dive into it too much, does the scaling require you to leave the profit in and use your own DD like all of the other similar "scale to 1 million in 3 month" models?

  1. Stage 1)

You have a $50k Pro Package account, so when you are up to $55,000 you may request to grow your account with the full 10%.
You will then advance to Stage 2 and receive another $50k, making your new balance $105k.

Bear in mind that at each new stage the 10% growth must be maintained in the account and not be withdrawn in order to withdraw or grow again.

Never mind, found it, so I make 5K with 5K DD (100%) and they sacle me, you guessed it.....100%. I double, you double me. Can do that on my own without paying $249 per month for the privilege of leaving my profits in the account.

Maybe for some, definitely not for me.

  • #9,205
  • Jul 9, 2022 10:11am Jul 9, 2022 10:11am
Everyone seems to assume prop firms can only make money by betting against traders, just like casino bet against gamblers.
They don't have to. Prop firms can also make money by following good traders.
If they can figure out a system that can filter out who are bad traders and who are good. Then following good traders can even make bigger money for them.
  • #9,206
  • Jul 9, 2022 10:21am Jul 9, 2022 10:21am
Quoting pipmaster77
{quote} Stage 1) You have a $50k Pro Package account, so when you are up to $55,000 you may request to grow your account with the full 10%. You will then advance to Stage 2 and receive another $50k, making your new balance $105k. Bear in mind that at each new stage the 10% growth must be maintained in the account and not be withdrawn in order to withdraw or grow again. Never mind, found it, so I make 5K with 5K DD (100%) and they sacle me, you guessed it.....100%. I double, you double me. Can do that on my own without paying $249 per month for the...
However, I guess if you only need an extra $50-100 per month( not sure why anyone would subject themselves to this stress of forex trading for that), but paying $99 per month for $1,250 ($2,500 with 50% split) in loss and forget the scaling might be OK. I suppose one could scrape $500-600 profit monthly. Do they allow you to have multiple accounts, like 30-50?
  • #9,207
  • Jul 9, 2022 10:25am Jul 9, 2022 10:25am
Hi guys, anyone have experience trading E8? I'm really interested in the ELEV8 program. I like the short minimum trading days, trial account, 1:100 leverage, 80% profit split and they seem to payout consistently. The only thing i don't know is what their spreads and slippage is like. Any info on this would be much appreciated guys
Coz$FX bringing you the good word from RaBiTFX
  • #9,208
  • Jul 9, 2022 2:41pm Jul 9, 2022 2:41pm
Quoting oakinogundej
Hi guys, anyone have experience trading E8? I'm really interested in the ELEV8 program. I like the short minimum trading days, trial account, 1:100 leverage, 80% profit split and they seem to payout consistently. The only thing i don't know is what their spreads and slippage is like. Any info on this would be much appreciated guys
Why don't you try their free trial?
  • #9,209
  • Jul 9, 2022 2:54pm Jul 9, 2022 2:54pm
Quoting mcquak
{quote} Why don't you try their free trial?
i intend to, but i believe it won't have the same conditions as the funded accounts. Or am i mistaken?
Coz$FX bringing you the good word from RaBiTFX
  • #9,210
  • Jul 9, 2022 3:42pm Jul 9, 2022 3:42pm
Quoting TrAndy1
Another way to attract outside money as additional capital is from copy trading. That guy made 200% monthly returns over a longer time period. See yourself in article. He got $10 million from outside and made over 1 million from fees. https://www.financemagnates.com/thou...rading-record/ {image}
Yet another revenue stream unavailable to the land of the free in the good 'ole US of A. No garbage broker here in the US offers cTrader and of all the brokers worldwide which do, none will accept US clients. It is actually so bad, I was actually using cTrader with Traders Way back in the day, an unregulated offshore broker, and spotware actually told Traders Way they couldn't have their US clients use cTrader. Spotware didn't want to have anything to due with US regs, even though they weren't even the broker.
  • #9,211
  • Edited 8:56pm Jul 9, 2022 6:08pm | Edited 8:56pm
Quoting Takisd
My Personal list is 1) MFF 2) FTMO 3) probably trueforexfunds now but only because TFT is gross 4) e8 5) Fundedtraderprogram 6) no one else because thats enough
-What is TFT (The Funded Trader Program?). Thanks.

Quoting pipmaster77
although you need 5% to get paid, it is not an eval, so that 5% is not wasted.
-Yes. But that's the kicker, because it can be lost, just like a challenge. Any program that requires a minimum profit target in order to make a withdrawal is really just a challenge model wrapped in a different packaging (or a challenge model with 'hidden' phases). The programs that require a minimum profit for every withdrawal, in perpetuity, well, that's just gross and should be avoided at all costs.

Quoting wmwmw
Everyone seems to assume prop firms can only make money by betting against traders, just like casino bet against gamblers.
-I do not think that everyone believes that. Based on the discussions here about this topic, I think that most traders understand that these firms are likely making use of multiple profit streams, using various approaches etc..

Personally, I think that firms that are solely in favor of seeing traders lose should probably be avoided, even if you are a good trader, because if you are partnering with someone that is hoping for you to lose, then they may find ways to ensure of that, especially when they are the ones holding all of the cards. Some firms may say that they want to see you succeed, but you can usually tell by how their offerings are structured whether or not that is really the case.
  • #9,212
  • Jul 9, 2022 10:41pm Jul 9, 2022 10:41pm
Is there any other prop firm that who uses CTrader platform like ftmo???
  • #9,213
  • Jul 10, 2022 1:57am Jul 10, 2022 1:57am
Quoting oakinogundej
{quote} i intend to, but i believe it won't have the same conditions as the funded accounts. Or am i mistaken?
Same conditions. Free trial uses same E8Demo server as assessment and funding.
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  • #9,214
  • Jul 10, 2022 2:19am Jul 10, 2022 2:19am
Quoting pipmaster77
{quote} Yet another revenue stream unavailable to the land of the free in the good 'ole US of A. No garbage broker here in the US offers cTrader and of all the brokers worldwide which do, none will accept US clients. It is actually so bad, I was actually using cTrader with Traders Way back in the day, an unregulated offshore broker, and spotware actually told Traders Way they couldn't have their US clients use cTrader. Spotware didn't want to have anything to due with US regs, even though they weren't even the broker.

You will find metatrader says the same to their clients who are not US regulated.
  • #9,215
  • Jul 10, 2022 2:19am Jul 10, 2022 2:19am
Quoting Nsak3y
{quote}-What is TFT (The Funded Trader Program?). Thanks. {quote}-Yes. But that's the kicker, because it can be lost, just like a challenge. Any program that requires a minimum profit target in order to make a withdrawal is really just a challenge model wrapped in a different packaging (or a challenge model with 'hidden' phases). The programs that require a minimum profit for every withdrawal, in perpetuity, well, that's just gross and should be avoided at all costs. {quote}-I do not think that everyone believes that. Based on the discussions here...

yessir thefundedtraderprogram
  • #9,216
  • Jul 10, 2022 11:05am Jul 10, 2022 11:05am
E8 sent me email saying if I verify my identity, they will give 10% discount on next challenge fee.

Anyone else get same email?
  • #9,217
  • Jul 10, 2022 11:39am Jul 10, 2022 11:39am
Quoting Bizziebee
E8 sent me email saying if I verify my identity, they will give 10% discount on next challenge fee. Anyone else get same email?
I got it as well but I did nothing
  • #9,218
  • Jul 10, 2022 5:08pm Jul 10, 2022 5:08pm
Quoting mcquak
{quote} Same conditions. Free trial uses same E8Demo server as assessment and funding. {image}
Thanks mate.
Coz$FX bringing you the good word from RaBiTFX
  • #9,219
  • Jul 10, 2022 6:16pm Jul 10, 2022 6:16pm
Hello Traders, please this Message is adressed to german Traders: ist jemand aus Deutschland der schon regelmäßig Einnahmen aus den prop firms erwirtschaftet hat und seine Steuern zahlt? Ich weiß dass man Gewerbe anmelden muss aber was muss man als angemeldete Tätigkeit eingeben? Und was mit der BaFin? Ich wäre für jede Antwort dankbar!
  • #9,220
  • Jul 11, 2022 12:38am Jul 11, 2022 12:38am
This is probably a stupid question but I'm wondering: why won't a really, really good reputable broker go into the prop firm business when prop firms have no problem being virtual brokers themselves (aka using their own servers for trading the markets)?
Amor Fati--F. Nietzsche
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