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  • #11,901
  • Oct 29, 2022 9:47am Oct 29, 2022 9:47am
Quoting pipmaster77
{quote} Hmmmm.....I have my first payout coming up and Deel appeared to be the only option. I even confirmed it with chat. Maybe something older accounts are grandfathered into?
so what is the disadvantage you see about to use DEEL and not directly bank transfer or crypto

what do you feel about this DEEL service?
in holiday till end of November
  • #11,902
  • Oct 29, 2022 9:59am Oct 29, 2022 9:59am
Quoting forexbali
{quote} so what is the disadvantage you see about to use DEEL and not directly bank transfer or crypto what do you feel about this DEEL service?
I prefer the direct crypto. Deel to crypto costs more than direct crypto. I've only used deel a few times, doing bank transfers and crypto. I have recently opened a revolut account, so will do deel to revolut with my upcoming TFF payment. They are all efficient, just a matter of discovering which is most economical. Every withdrawal will be different depending on amount as some charge a fixed% others have a sliding scale. Most bank wires are a flat fee regardless of amount. My strategy is simply have all options available and then choose most economical for that particular withdrawal.
  • #11,903
  • Oct 29, 2022 9:59am Oct 29, 2022 9:59am
About fundednext, I have 2 cases.
My case. Of course, my fault, i wait for payment 1 month, and they told me i traded in the restricted period, i. e. The period of high impact news....of course they show this in their website, but for me its weird because they have rules, why added more with restricted period? They have their own rules???
It's nice when they sent me screenshot of history, where i scaled 800 trades a month and i cant remember what the heck!

My friend's case. He got restricted period, referenced by fundednext 's staff , not from their website, but from forexfactory.


Nice guys, disappointed.
Ftmo2 All Time Return: 45.7%
  • #11,904
  • Oct 29, 2022 11:06am Oct 29, 2022 11:06am
Quoting pipmaster77
{quote} I prefer the direct crypto. Deel to crypto costs more than direct crypto. I've only used deel a few times, doing bank transfers and crypto. I have recently opened a revolut account, so will do deel to revolut with my upcoming TFF payment. They are all efficient, just a matter of discovering which is most economical. Every withdrawal will be different depending on amount as some charge a fixed% others have a sliding scale. Most bank wires are a flat fee regardless of amount. My strategy is simply have all options available and then choose...

can you make an example?

10000 USDT direct
10000 USDT via DEEL

how much net arrive?
in holiday till end of November
  • #11,905
  • Oct 29, 2022 11:52am Oct 29, 2022 11:52am
Quoting andrei-irk
About fundednext, I have 2 cases. My case. Of course, my fault, i wait for payment 1 month, and they told me i traded in the restricted period, i. e. The period of high impact news....of course they show this in their website, but for me its weird because they have rules, why added more with restricted period? They have their own rules??? It's nice when they sent me screenshot of history, where i scaled 800 trades a month and i cant remember what the heck! My friend's case. He got restricted period, referenced by fundednext 's staff , not from their...


What is a restricted period?

On their website they say that they have almost no restrictions.
  • #11,906
  • Oct 29, 2022 1:00pm Oct 29, 2022 1:00pm
Quoting Eren10
{quote} What is a restricted period? On their website they say that they have almost no restrictions.
It's +/-2min around the news time
From their Discord:

But once you receive the real account, as the market is extremely volatile during news times and also this is the most likely time when slippages can occur, you are restricted from opening and closing any trade 2 minutes before and after the news. This includes both Market Execution and opening/closing Pending Orders (including take profit and stop loss). However, please note that:

1. You will be able to hold your running trades during the news.

2. We will consider only the high impact news, you are free to trade during low and mid-impact news.

3. We would only consider the news that is directly correlated to your trading pairs, you are free to take trades if a news is high impact but is not directly correlated to your trading pair. For example, let's say you want to take a trade of EURUSD and there is a high impact news on CNY. In that case, you can still open the EURUSD trade as CNY news is not directly correlated to your trading pair. But in the same example, if the news was on USD or EUR then we would be restricted to open or close a trade 2 mins before and after the news.
Money is made by sitting, not trading
  • #11,907
  • Oct 29, 2022 1:06pm Oct 29, 2022 1:06pm
This is a big no go for me as I don't want to get into situation when the platform is not working and I cannot close the trade/order in time and lose the whole funded account with a huge profit just because of such a dumb rule.

Also, the impact of the news is not well defined. Except for the few notoriously known high impact news you never know what's the news impact level as different sources may use different priorities for them.
Money is made by sitting, not trading
  • #11,908
  • Oct 29, 2022 1:18pm Oct 29, 2022 1:18pm
Quoting forexbali
{quote} can you make an example? 10000 USDT direct 10000 USDT via DEEL how much net arrive?
If you receive crypto directly in your address the prop firms may deduct something for gas fees. In my experience TFT deducts about 1 USD, TPT deducts 4.5 USD and MFF deducted something but I don't know how because I received in BTC. But was something like 2 USD or so.

It's much cheaper than Deel.

Deel charges 1.5% for crypto withdraw to coinbase.
USDT is not possible, only USDC (or BTC, DASH, SOL, ETH)

So, on 10.000 USD example they will take 1.5% from 10.000 and transfer 9.850 USDC.
You will receive 9.850 in Coinbase.

On their site:
https://help.letsdeel.com/hc/en-gb/a...oney-from-Deel

How much do I pay for withdrawals?
The cost of withdrawals depends on the method selection. Transaction and exchange fees may also apply.

  1. Local Bank Transfers: no provider fees
  2. International Transfers / SWIFT: $5 USD
  3. Deel Instant Card Transfer - 2.5% fee (minimum $0.25)
  4. Binance: 1.6% (minimum fee $10 USD)
  5. Coinbase: 1.5% (flat fee of $5 USD for USDC withdrawals under $300)
  6. PayPal: 2.5% (minimum $0.25)
  7. Payoneer: 1% (minimum $12)
  8. Revolut: $0
  9. Wise (formerly TransferWise): $0Deel Card: $0

  • #11,909
  • Oct 29, 2022 1:26pm Oct 29, 2022 1:26pm
Quoting Vitore
This is a big no go for me as I don't want to get into situation when the platform is not working and I cannot close the trade/order in time and lose the whole funded account with a huge profit just because of such a dumb rule. Also, the impact of the news is not well defined. Except for the few notoriously known high impact news you never know what's the news impact level as different sources may use different priorities for them.
I can understand that. I don't like it either.

But at least is a very transparent rule. It's in their Rules in the site.

You can trade during the news without restrictions in the evaluation model's assessment phases (phases 1 and 2). But once you receive the real account, as the market is exceptionally volatile during news times and also because this is the most likely time when slippages can occur, you are not allowed to open or close any trade 2 minutes before and after the news. This includes market execution and opening/closing pending orders (including take profit and stop loss).

As for the source of the news, you can directly find it from your dashboard under "News Calendar". Please note the following regarding news trading:

1. You can hold your running trades during a news.
2. We will consider only the high-impact news; you are free to trade during low- and mid-impact news.
3. We would only consider the news that is directly correlated to your trading pairs; you are free to take trades if the news has a high impact but is not directly correlated to your trading pair. For example, let's say you want to take a trade in EURUSD, and there is high-impact news on CNY. In that case, you can still open the EURUSD trade, as the CNY news is not directly correlated to your trading pair. But in the same example, if the news was on USD or EUR then you are not allowed to open or close a trade 2 minutes before and after the news.

If there is any news trading in your account, the following steps will be taken:

1. Evaluation Challenge accounts
No news trading restrictions.

2. Evaluation Funded/Live accounts:
If you are in profit, you will receive the profit share after deducting the amount made from news trading, and your account will be terminated.
If you are at loss, your account will not be reset, and it will be terminated.


And in the dashboard they provide the tool for trader to know which are the restricted events (btw, the source is FF calendar). Please see attached.

This is not much different that what FTMO had in the beginning for everybody (and still have for some models), until they offered the swing challenge.

I would like to see Funded Next offering something like that, maybe with less leverage but no news restrictions.
Attached Image (click to enlarge)
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  • #11,910
  • Edited 2:41pm Oct 29, 2022 1:55pm | Edited 2:41pm
Quoting Capablanca
{quote} If you receive crypto directly in your address the prop firms may deduct something for gas fees. In my experience TFT deducts about 1 USD, TPT deducts 4.5 USD and MFF deducted something but I don't know how because I received in BTC. But was something like 2 USD or so. It's much cheaper than Deel. Deel charges 1.5% for crypto withdraw to coinbase. USDT is not possible, only USDC (or BTC, DASH, SOL, ETH) So, on 10.000 USD example they will take 1.5% from 10.000 and transfer 9.850 USDC. You will receive 9.850 in Coinbase. On their site: https://help.letsdeel.com/hc/en-gb/a...oney-from-Deel...

thank you very helpful now I have a clear idea

anyone knows FTUK and they plan of instant funding of 90.000 with scale up to 5.8 million with a x2 every 10% profit?

do they have good reputation?
in holiday till end of November
  • #11,911
  • Oct 29, 2022 2:08pm Oct 29, 2022 2:08pm
What's the advantage of withdrawing cryptos rather than USD, GBP, EUR whatever? Am I missing something?
  • #11,912
  • Oct 29, 2022 2:13pm Oct 29, 2022 2:13pm
Quoting Capablanca
{quote} I can understand that. I don't like it either. But at least is a very transparent rule. It's in their Rules in the site. You can trade during the news without restrictions in the evaluation model's assessment phases (phases 1 and 2). But once you receive the real account, as the market is exceptionally volatile during news times and also because this is the most likely time when slippages can occur, you are not allowed to open or close any trade 2 minutes before and after the news. This includes...
Ok - if there's a calendar to which you can refer for the news priority level then I agree. It's still a dumb rule for me in principle but at least well defined, as you explained. Thanks for the info
Money is made by sitting, not trading
  • #11,913
  • Oct 29, 2022 2:28pm Oct 29, 2022 2:28pm
Quoting mcquak
What's the advantage of withdrawing cryptos rather than USD, GBP, EUR whatever? Am I missing something?
tax avoidance comes first to my mind, if you can spend it without transferring to fiat. Also, there's no barrier (eg. the bank) which could delay/decline the payment. In some countries it may be a relevant factor
Money is made by sitting, not trading
  • #11,914
  • Oct 29, 2022 2:43pm Oct 29, 2022 2:43pm
Quoting mcquak
What's the advantage of withdrawing cryptos rather than USD, GBP, EUR whatever? Am I missing something?
I'm also a crypto trader, and to send in bank and then again in a crypto exchange it's much more complicate, and is more than a double transaction.
Some time is a TRIPLE and very expensive transaction when your exchange has only crypto deposit and no fiat support.

Also sometime you can have your bank account blocked even if you are receiving and invoiced payment, so when it is like big amounts, sometime crypto is much better, especially if you are a crypto trader, then when you have time you reorganize with less hurry crypto to bank transfers.
in holiday till end of November
  • #11,915
  • Oct 29, 2022 2:45pm Oct 29, 2022 2:45pm
Quoting Vitore
{quote} tax avoidance comes first to my mind, if you can spend it without transferring to fiat. Also, there's no barrier (eg. the bank) which could delay/decline the payment. In some countries it may be a relevant factor
also digital banks have lots of check on total amount deposited in a year, so for big amounts, to keep in a crypto it's better till you can transfer to your bank when you have organized which bank and when you have time.
in holiday till end of November
  • #11,916
  • Edited 8:24pm Oct 29, 2022 6:14pm | Edited 8:24pm
I finished my table to have a clear idea and view of all the programs.

I added The Prop Trading just in case get better there....

The worse programs:
- ThePropTrading for the recent bad reviews
- Fidelcrest: MT4 only and 10% phase 1 and even 2 to pass.

Who can do better:
E8 adding soon MT5 (already advertised in their website)
FTUK: adding soon MT5 (this weekend they said and also tradingview access)

Programs that are however interesting and less people speak of:
The5ers, CityTradersImperium, SurgeTrader

The best I like:
1. Funded Trading Plus
2. The Funded Trader
3. MyForexFunds
4. TrueForexFunds
5. FTMO
6. The5ers
7. CityTradersImperium
8. E8Funding (as they add MT5)
9. FTUK (as they add MT5)
10. ThePropTrading (as situation get more clear with bad reviews)

What do you think of my view?

Now I will decide where to join for the first time.
Attached Image (click to enlarge)
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in holiday till end of November
  • #11,917
  • Oct 29, 2022 9:01pm Oct 29, 2022 9:01pm
Quoting forexbali
{quote} Please tell. We can't risk heart attack with this game
It's SurgeTrader, 1-stage $25,000

I wish I could hold over the weekends...

For instance, a great long signal and then add-on signals but have to close the positions, even while in profits?

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #11,918
  • Oct 29, 2022 10:02pm Oct 29, 2022 10:02pm
Quoting Erebus
{quote} It's SurgeTrader, 1-stage $25,000 I wish I could hold over the weekends... For instance, a great long signal and then add-on signals but have to close the positions, even while in profits? {image}
yes surgetrader as I have in my review, is one of the few has this rule over the weekend
in holiday till end of November
  • #11,919
  • Oct 30, 2022 4:53am Oct 30, 2022 4:53am
Apparently corecapital scammed...
  • #11,920
  • Oct 30, 2022 5:55am Oct 30, 2022 5:55am
Quoting forexbali
I finished my table to have a clear idea and view of all the programs. I added The Prop Trading just in case get better there.... The worse programs: - ThePropTrading for the recent bad reviews - Fidelcrest: MT4 only and 10% phase 1 and even 2 to pass. Who can do better: E8 adding soon MT5 (already advertised in their website) FTUK: adding soon MT5 (this weekend they said and also tradingview access) Programs that are however interesting and less people speak of: The5ers, CityTradersImperium, SurgeTrader The best I like: 1. Funded Trading Plus 2....
Good work compiling info. You will probably want a flag in the map to show if the max loss is trailing or static.
SurgeTrader for example is trailing max loss.
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