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Prop Firm Hub

  • #13,081
  • Dec 19, 2022 11:09am Dec 19, 2022 11:09am
from TFF discord:

...
As mentioned above, we are looking for traders who can be profitable long term. Because of that, we will add minimum trading days in 2023 to minimize the number of traders who wish to change the world within 2 days and do prop trading by gambling activities.
Number and ETA of minimum trading days will be announced later. But please keep in mind, that we will still stay one of the most attractive company in the industry.
...
We hope you all are doing well! A few clarifications regarding our latest announcement.
In 2023, as soon as the minimum trading days are introduced, we will remove the 5 minimum trading days on the Funded account in order to qualify for a bi-weekly payout. Next year, our main aim will be to help our Funded traders to succeed, the current funded rule can push our traders into reckless trading decisions which could lead to losses.
...
We are incredibly happy to announce that very soon you will be able to choose cTrader next to MetaTrader 4 and MetaTrader 5. A lot of traders were waiting for this and we can't wait to offer you cTrader as our trading platform. If you wish to receive news of cTrader, please feel free to visit our website and subscribe to the waiting list.
  • #13,082
  • Dec 19, 2022 12:30pm Dec 19, 2022 12:30pm
agree with them I'm against gambling, we are struggling already to make a 10% in 30 days to pass a challenge that is already a gambling.
in holiday till end of November
  • #13,083
  • Dec 19, 2022 10:48pm Dec 19, 2022 10:48pm
After lost 3 funded Account

now i'm back to the club
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  • #13,084
  • Dec 20, 2022 5:49am Dec 20, 2022 5:49am
Quoting Capablanca
from TFF discord: ... As mentioned above, we are looking for traders who can be profitable long term. Because of that, we will add minimum trading days in 2023 to minimize the number of traders who wish to change the world within 2 days and do prop trading by gambling activities. Number and ETA of minimum trading days will be announced later. But please keep in mind, that we will still stay one of the most attractive company in the industry. ... We hope you all are doing well! A few clarifications regarding our latest announcement. In 2023, as soon...
It has been in my mind to open a challenge with them since I blown TFF account phase 2 long ago.

Based on this promotional aspect, I signed up today wit them.
Intraday only.
  • #13,085
  • Dec 20, 2022 8:50am Dec 20, 2022 8:50am
TFT traders need to be careful.

They slipped by 48 pips in my phase2 account and account got blown.

In the live account, slippage was 28 pips, they tried their best to fail that account too.

Scamsters.
Intraday only.
  • #13,086
  • Dec 20, 2022 10:41am Dec 20, 2022 10:41am
Quoting navk
TFT traders need to be careful. They slipped by 48 pips in my phase2 account and account got blown. In the live account, slippage was 28 pips, they tried their best to fail that account too. Scamsters.
This occurred today? There wasn't even any high impact events today.
  • #13,087
  • Dec 20, 2022 10:56am Dec 20, 2022 10:56am
Quoting pipmaster77
{quote} This occurred today? There wasn't even any high impact events today.
BOJ in Asia if he traded that
  • #13,088
  • Dec 20, 2022 11:09am Dec 20, 2022 11:09am
Quoting 1odi
{quote} BOJ in Asia if he traded that
Yes, I traded that. Had an existing GBPJPY and added to it with a limit order. I got 2 pips + slippage. That was with TFF though. Did not trade that pair on TFT. I'm telling you guys, limit orders broken up into smaller positions is the key.
  • #13,089
  • Dec 20, 2022 11:23am Dec 20, 2022 11:23am
12% drawdown for e8 retries holiday offer. Confirmed with chat it is good for both evaluations and funded account.
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Plan your trade, trade your plan
  • #13,090
  • Dec 20, 2022 11:43am Dec 20, 2022 11:43am
Quoting pipmaster77
{quote} This occurred today? There wasn't even any high impact events today.
This occured last week.
Intraday only.
  • #13,091
  • Dec 20, 2022 12:37pm Dec 20, 2022 12:37pm
Good Evening

I am new to Prop and would be grateful for some advice. Apologies in advance for the lengthy queries and my lack of knowledge

By way of introduction, a few words about me. I am an experienced trader, trading my own account full time. My background is futures and I trade only one Instrument, the S&P 500 Index.

Returning to Prop. In the New Year I will open Accounts/Challenges at a number of the more established firms, e.g. FTMO, MFF, TFF, E8. And any other firms you deem appropriate?

My aim is to trade with the Prop Firms for as long as possible. I am a consistently profitable trader and will have no difficulty abiding by any Trading Rules the Firms may wish to apply. I do however need to understand how to best refine my approach. I am comfortable trading a relatively large futures clip, but in the event I start pulling tens of thousands USD from a Prop Firm I will no doubt come under increased scrutiny.

Should I instead aim to 'Fly under the Radar' and perhaps limit monthly withdrawals to 'x%' of the Account Size? Or am I completely misunderstanding the Prop Model? Provided my trades are straightforward and can be easily copied/hedged by the Firm, should I consider myself free to press the throttle down without fear of being shown the door? To be clear, I do not generally swing for the fences and instead prefer to risk 1-2% per Trade. At the close of the NY Session I am flat.

Ideally I would open Maximum Size Accounts permitted by the Firms and trade aggressively while not breaching their Trading Rules. But given I am new to Prop I realise I must first understand the Landscape.

I am content to restrict Prop Trades to a single Setup with the same Size/SL/TP should this increase my longevity. Obviously I would prefer not to as Profits will be curtailed as a result. But as mentioned earlier I will adjust my behaviour as required. Happy not to hold positions through market moving economic news releases etc.

Anyway, I would be grateful for a steer and thanks in advance,

Amanda
  • #13,092
  • Dec 20, 2022 2:24pm Dec 20, 2022 2:24pm
Quoting amandajc
Should I instead aim to 'Fly under the Radar' and perhaps limit monthly withdrawals to 'x%' of the Account Size?
-That is completely up to you, based on your preferences and goals as a trader. Since you are wanting to trade with prop for as long as possible, then I would recommend not drawing too much attention to yourself. If your goal was to generate as much profit, as quickly as possible, then my answer would be different.

But, you can always split up your approach across different firms. Personally, I think that traders can be both, aggressive and conservative, without being overly greedy. Just acquire as many accounts as you can. With FTMO and MFF alone, you can have 10X 100k accounts. If you aim for only $300/day per account, then that will net you 1k profit after taxes and profit split each day. 20k/month is nothing to complain about.
  • #13,093
  • Dec 20, 2022 2:33pm Dec 20, 2022 2:33pm
Quoting Nsak3y
{quote}-That is completely up to you, based on your preferences and goals as a trader. Since you are wanting to trade with prop for as long as possible, then I would recommend not drawing too much attention to yourself. If your goal was to generate as much profit, as quickly as possible, then my answer would be different. But, you can always split up your approach across different firms. Personally, I think that traders can be both, aggressive and conservative, without being overly greedy. Just acquire as many accounts as you can. With FTMO and...
300$ x 10 account is 3000$, 60.000$ per month, less taxes can be net 54000/60000$ depending on worldwide residency.

If from 60000 I would get just 20K, again with 40K tax saving I would live in another country and save millions in a couple of years and then I will think to pay more taxes.
in holiday till end of November
  • #13,094
  • Dec 20, 2022 2:46pm Dec 20, 2022 2:46pm
I calculate 1/3 of everything for simplicity and to cover a broad range. 1/3 to firm, 1/3 for taxes and 1/3 for trader. This accounts for varying taxes globally with a very generous 50% tax rate.
  • #13,095
  • Dec 20, 2022 2:48pm Dec 20, 2022 2:48pm
I am convinced the eightcap firms are scamming now with slippage. Its anecdotal but I am pretty sure thats what is happening.
  • #13,096
  • Dec 21, 2022 1:10am Dec 21, 2022 1:10am
Quoting amandajc
Good Evening I am new to Prop and would be grateful for some advice. Apologies in advance for the lengthy queries and my lack of knowledge By way of introduction, a few words about me. I am an experienced trader, trading my own account full time. My background is futures and I trade only one Instrument, the S&P 500 Index. Returning to Prop. In the New Year I will open Accounts/Challenges at a number of the more established firms, e.g. FTMO, MFF, TFF, E8. And any other firms you deem appropriate? My aim is to trade with the Prop Firms for as long...
Hello Amanda;

I trust this message finds you well & if nobody else has done so already, may I extend to you a warm welcome to Forex Factory.

In order of your background, you kindly provided and your preferred instrument; coupled with your immense experience with the Futures environment, I wish to respectfully differ with the list you detailed in your correspondence as your primary focus group of intended engagement.

If I may be granted the latitude to qualify my position on the matter. Just a sidenote; I am not omitting the names of companies in error. I take great care to keep my communication about all of them generic since I place no preference with any of them over the other & don’t wish to mention the actual name, which I beg your pardon in advance for if you find it poses challenges.

From what I understand there are companies who offer turn-key services of remote prop trading with specificity pertaining to the Futures environment. So far as I understand, none of the entities on the list you tabulated are able to either meet the minimum, let alone supersede the benefits which Futures specific entities offer.

To tabulate but a few of the value-add services of dealing with one of those as opposed to these companies as follows:

· Some of the companies are laser focused with Futures only & would therefore have aligned their environment to resonate deeply with & offer value-add services to traders who have mastered their craft solely in the Futures space.

· Live Market Data specific to the Futures environment

· Free Ninja License Key – I think this might be of considerable benefit to you

· Some of them allow Multiple account access through a single Login

· Ability to Trade Full Contracts – One of the companies from the list you included; if you trail back to the messages on this thread & their own page on Forex Factory you will notice is currently embarking on some step changes concerning position sizing & imposing limitations which were not an issue until as of recent.

I wish to include a caveat that I don’t log on to the websites on the list you tabulated often so there is the remotest of chances that they offer the range of services which Futures specific entities do but the probability thereof is low.

Either way; I wish that my feedback offers you some alternate vantage points as you consider your options but if you are aware of the Futures specific companies & made an informed decision to rather consider those on the list in your correspondence, I am certain you will discern which of them is most suitable after conducting a comprehensive SWOT analysis across their pros & cons.

May I take this opportunity to wish you & all on the forum a pleasant day ahead.
Thank You
My success is due to The Great Napoleon Hill. May His Name Live Forever
  • #13,097
  • Dec 21, 2022 3:13am Dec 21, 2022 3:13am
I saw this in a FB group

MyFundedFX has launched a new $300,000 account (2-step)
Only available until Jan 1st

There is also a cool promo on at the moment, you can use the promo code: "NEWYEAR" which will give you:
125% refund
5% Discount
10% Profit share from phase 1

Alternatively, you can use the code: "DECEMBER" for:
150% Refund
5% Discount
Free retires on phase 2
  • #13,098
  • Dec 21, 2022 4:42am Dec 21, 2022 4:42am
Quoting Capablanca
I saw this in a FB group MyFundedFX has launched a new $300,000 account (2-step) Only available until Jan 1st There is also a cool promo on at the moment, you can use the promo code: "NEWYEAR" which will give you: 125% refund 5% Discount 10% Profit share from phase 1 Alternatively, you can use the code: "DECEMBER" for: 150% Refund 5% Discount Free retires on phase 2
Alot of people saying that myfundedfx are dodgy lately. I see it regularly in fb groups and telegram.
  • #13,099
  • Edited 6:55am Dec 21, 2022 6:11am | Edited 6:55am
Quoting Takisd
{quote} Alot of people saying that myfundedfx are dodgy lately. I see it regularly in fb groups and telegram.
What are the complaints, is there a theme? Hopefully not a refusal to pay out profits? I was encouraged by the CEO's recent video explaining the Firm's Copy Trading Model. Therefore theoretically the Firm should not have an issue fulfilling large payout requests?
  • #13,100
  • Dec 21, 2022 9:13am Dec 21, 2022 9:13am
Quoting amandajc
{quote} What are the complaints, is there a theme? Hopefully not a refusal to pay out profits? I was encouraged by the CEO's recent video explaining the Firm's Copy Trading Model. Therefore theoretically the Firm should not have an issue fulfilling large payout requests?
Talk is cheap. You don't know if they really copy funded traders.
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