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Anyone trading with a Prop firm 31 replies

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  • #13,181
  • Dec 28, 2022 12:23pm Dec 28, 2022 12:23pm
Quoting Expo33
{quote} As soon as I see the word "consistency" or the phrase "we reserve the right to screw you" then I know I can move on. No thanks! {image}
i understand but I know a bunch of traders funded with them and they had no complaints. The drawdown is reasonable and profit target is by far the best in the industry. I respect your opinion, I will join them next year and see how it goes
SKQT - Super Kool Quant Trader
Daily Remy All Time Return: 5.6%
  • #13,182
  • Dec 28, 2022 12:25pm Dec 28, 2022 12:25pm
Quoting lddd
{quote} No minimum trading days. I thought it was like that before?
They have the minimum 5 trading days but I never understood if was just on the first payout or in all payouts
https://trueforexfunds.com/assistanc.../profit-split/

They say:
The bi-weekly withdrawal period starts with the first actual trade placed on the funded account. During the first 14 calendar days cycle, our clients must trade 5 days reasonably to qualify for their profit splits. Since we don’t want to bear hard on anyone, if the precondition is not met, our clients will receive their profit split at the end of their next bi-weekly period.

It seems this is just for the first payout.
But down in the page they say this:

To easily determine eligibility for a payout, please check:
- the time of placing the first trade on the Funded Account and add 14 to it;
- the account balance (including equity) is positive;
- at least 5 regular trading days are met ;
- the dashboard shows no violation of our Trading Objectives;
- all of the trades are closed at the latest by 23:59:59 CE(S)T the day before the payout date.

Here it seems this is for all payouts.

I never paid much attention because when I had payouts with them I always had 5 days minimum.
  • #13,183
  • Dec 28, 2022 12:40pm Dec 28, 2022 12:40pm
Quoting pipmaster77
{quote} Oh you mean like a job? Where I'd have to have a college degree and I'd have to sit in traffic to get to the office? That type of "real" firm? Yeah, no thanks. I prefer this "non real" model.
FACTS
SKQT - Super Kool Quant Trader
Daily Remy All Time Return: 5.6%
  • #13,184
  • Dec 28, 2022 12:50pm Dec 28, 2022 12:50pm
Quoting lddd
{quote} No minimum trading days. I thought it was like that before?
The "new" no minimum trading days is for live accounts. I am funded with them and I believe it is 5 trading days minimum for payout, never been an issue for me, so not 100%. However, it is good to not have a requirement, if I kill it 1 or 2 days I can just wait for payout.
The "new" 5 minimum trading days is on the evaluations which are currently no minimum days.
Basically, they flipped the eval and live minimum days requirement.
  • #13,185
  • Dec 28, 2022 3:09pm Dec 28, 2022 3:09pm
Quoting pipmaster77
{quote} The "new" no minimum trading days is for live accounts. I am funded with them and I believe it is 5 trading days minimum for payout, never been an issue for me, so not 100%. However, it is good to not have a requirement, if I kill it 1 or 2 days I can just wait for payout. The "new" 5 minimum trading days is on the evaluations which are currently no minimum days. Basically, they flipped the eval and live minimum days requirement.
To me this is a positive thing, definitely, although I don't know what will they do if people pass challenges in 1 day and make 0.01 lots te remaining 4 days.

They also increased phase 2 from 4% to 5% (and same max loss of 10%).
  • #13,186
  • Dec 28, 2022 3:40pm Dec 28, 2022 3:40pm
Quoting pipmaster77
Basically, they flipped the eval and live minimum days requirement.
I was just surprised because it says everywhere on the website that there are no minimum trading days. No matter the type of account or state.

Anyways. Not that important to me. May I ask how long you've been trading with them? Have you received any payouts so far?

kind regards.

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  • #13,187
  • Dec 28, 2022 3:52pm Dec 28, 2022 3:52pm
Quoting forexbali
{quote} Hello timisoara your strategy +700% in one month? the best trader in the world
This is not true.
  • #13,188
  • Dec 28, 2022 4:04pm Dec 28, 2022 4:04pm
Quoting forexbali
{quote} my god number one, do you have a blog where you show or teach?
No. I like to trade, I dont want to be a teacher.
But I learned here on FF. I was active during that period.
https://www.forexfactory.com/thread/...98#post6176398
  • #13,189
  • Dec 28, 2022 4:32pm Dec 28, 2022 4:32pm
Quoting lddd
{quote} I was just surprised because it says everywhere on the website that there are no minimum trading days. No matter the type of account or state. Anyways. Not that important to me. May I ask how long you've been trading with them? Have you received any payouts so far? kind regards. {image}
September, paid every 2 weeks, except one cycle(no profit)
  • #13,190
  • Dec 28, 2022 5:04pm Dec 28, 2022 5:04pm
Quoting pipmaster77
{quote} September, paid every 2 weeks, except one cycle(no profit)
Thanks. Great, all the best for the future!
  • #13,191
  • Dec 28, 2022 6:06pm Dec 28, 2022 6:06pm
Quoting donfriday
{quote} how do you manage so much accounts?
I use trade copier.

MFF account is master.

Rest are slaves.
Intraday only.
  • #13,192
  • Dec 28, 2022 7:01pm Dec 28, 2022 7:01pm
Quoting navk
Another 185 bucks to make with MFF. May be in asia, I will make ? {image}

Passed MFF- Phase 1 in Tokyo open as I promissed.

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Intraday only.
  • #13,193
  • Dec 28, 2022 7:24pm Dec 28, 2022 7:24pm
Quoting lddd
{quote} I was just surprised because it says everywhere on the website that there are no minimum trading days. No matter the type of account or state. Anyways. Not that important to me. May I ask how long you've been trading with them? Have you received any payouts so far? kind regards. {image}
I suggest you go with MFF. MFF - $100,000 Evaluation is USD $499, whereas TFF is EUR $499. MFF second phase is 5% target, TFF is 4% target.
  • #13,194
  • Dec 28, 2022 7:39pm Dec 28, 2022 7:39pm
TFF phase 2 target 5 % from Jan
Intraday only.
  • #13,195
  • Dec 28, 2022 8:55pm Dec 28, 2022 8:55pm
Quoting mixedbags
{quote} I suggest you go with MFF. MFF - $100,000 Evaluation is USD $499, whereas TFF is EUR $499. MFF second phase is 5% target, TFF is 4% target.
MFF sounds interesting to me because of the direct funding model they offer.

The profit targets you first have to achieve on all these „challenges“ before you are „qualified“ to get paid are quite high.

It looks like they want you to gamble it. I tried a few times to succeed the FTMO and luckily managed to succeed like 1 out of 12 attempts :-)

No problems with all these other rules otherwise when it comes to managing risk. So that’s why I also found it interesting these firms now even offering „unlimited retries“.

At least I wouldn’t have to pay again and again for not hitting some stupid profit target on a demo account where there is basically no risk for them involved anyway.
  • #13,196
  • Dec 28, 2022 8:56pm Dec 28, 2022 8:56pm
Order of knocking down challenges.......MFF, FTMO, TFTP, TFF, E8........TFF and TFTP can be swapped if you prefer. Max 'em all you're at 2.3-2.4 million before the 25-30% scale every 3-4 months. If you need more, go for it, that's when all of the firms other than those 5 come into play.
Keep in mind, these should be traded on max DD only......so 2.3-2.4 million with 10-12% (MFF) is truly like a 250K account with 100% allowable loss. If you normally risk 1-2% per trade, it is 1-2% of the 250K not the 2.3-2.4 million. You will never, ever even come close to violating a DD rule.
  • #13,197
  • Dec 28, 2022 9:04pm Dec 28, 2022 9:04pm
Quoting lddd
{quote} MFF sounds interesting to me because of the direct funding model they offer. The profit targets you first have to achieve on all these „challenges“ before you are „qualified“ to get paid are quite high. It looks like they want you to gamble it. I tried a few times to succeed the FTMO and luckily managed to succeed like 1 out of 12 attempts :-) No problems with all these other rules otherwise when it comes to managing risk. So that’s why I also found it interesting these firms now even offering „unlimited retries“. At least I then wouldn’t...
Instant funding, MFF or otherwise, offers no value to you as a trader. If the fee you pay is equal to the DD allowed (max loss), you can trade that "fee" in a personal account and keep 100% instead of 50%........too tired to post all the math, just don't do it......here is the spreadsheet, not MFF, this is CTI, but same exact concept.
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  • #13,198
  • Dec 28, 2022 10:40pm Dec 28, 2022 10:40pm
Quoting lddd
{quote} MFF sounds interesting to me because of the direct funding model they offer. The profit targets you first have to achieve on all these „challenges“ before you are „qualified“ to get paid are quite high. It looks like they want you to gamble it. I tried a few times to succeed the FTMO and luckily managed to succeed like 1 out of 12 attempts :-) No problems with all these other rules otherwise when it comes to managing risk. So that’s why I also found it interesting these firms now even offering „unlimited retries“. At least I wouldn’t...
I suggest you go with Evaluation - MFF. Else just read through the thread from page 423 to the post above me to understand for yourself why.
  • #13,199
  • Dec 29, 2022 5:33am Dec 29, 2022 5:33am
Quoting pipmaster77
{quote} Instant funding, MFF or otherwise, offers no value to you as a trader. If the fee you pay is equal to the DD allowed (max loss), you can trade that "fee" in a personal account and keep 100% instead of 50%........too tired to post all the math, just don't do it......here is the spreadsheet, not MFF, this is CTI, but same exact concept. {image}
There's more to it though.
MFF's accelerated is $485 for the 10k account 5%DD, so you just made $15, congratulations! (At least you're still ATM.) However the leverage is 1:50 which gives you 500k buying power. If you're in the US your 485 gives you 24k and if you're in the EU, a whopping 14k buying power. So doubling the account is going to be haaaard with those. I'm not sure about the US, but in the EU where I am (this can vary from country to country), my government decided that if I want to use offshore brokers (any broker outside the EU and a few other countries like US, Can, Aus) I won't be able to deduct losses from gains. Meaning I have to pay tax after each profitable trade but cannot deduct losses from the profit base. So I could very well end up with more taxes owed and than the entire account and all of the profits. So the options are very limited: I get either a 1:30 leverage brokerage account in the EU, or look for other options. And hence MFF's accelerated program can be awesome for someone in my shoes.
BTW, CTI recently introduced their two-step program, you can get funded up to 200k for now. They're a bit expensive, but with a long track record of paying out. So my list goes: MFF, FTMO, TFTP, E8, CTI, TFF, MFF Accelerated. And that really is more account than I could handle. I don't recommend trade copying on maxed out accounts because one black swan can wipe all of your accounts out. Trade the accounts in lock-step instead.
  • #13,200
  • Dec 29, 2022 7:06am Dec 29, 2022 7:06am
Quoting lddd
{quote} MFF sounds interesting to me because of the direct funding model they offer. The profit targets you first have to achieve on all these „challenges“ before you are „qualified“ to get paid are quite high. It looks like they want you to gamble it. I tried a few times to succeed the FTMO and luckily managed to succeed like 1 out of 12 attempts :-) No problems with all these other rules otherwise when it comes to managing risk. So that’s why I also found it interesting these firms now even offering „unlimited retries“. At least I wouldn’t have...

MFF instant funding is the worst, for many reason, but the main reason is that they pay you 50% only of profits! there is better around
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