Prop Firm Hub | Page 674 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #13,461
  • Jan 11, 2023 11:06am Jan 11, 2023 11:06am
Quoting sampat
{quote} Looks useless as they said 300 lots for 100K account and proper risk management . MyFF VIP is far better.
Yes, and it clarifies that 3 day wait to get paid and start trading again is completely intentional. If you can pay ANYBODY in 8 hours, you can pay EVERYBODY in 8 hours. It doesn't have to be 8 hours, but a 1 day turnaround shouldn't be too big of an ask.
  • #13,462
  • Jan 11, 2023 11:20am Jan 11, 2023 11:20am
Quoting pipmaster77
{quote} Yes, and it clarifies that 3 day wait to get paid and start trading again is completely intentional. If you can pay ANYBODY in 8 hours, you can pay EVERYBODY in 8 hours. It doesn't have to be 8 hours, but a 1 day turnaround shouldn't be too big of an ask.
Also it used to make sense in older days when one has to wait for 30 days to get payout but now virtually every prop firm gives withdrawal in 2 weeks after first payment so either VIP or this new program with TFT doesn't hold much value.
TFT is pretty sneaky in terms of days for example after passing phase 1 they say upto 48 hours and they email exactly on 48th hour. Agreement sign same thing also sunday at 3 PM account dispatch is like they want to frustrate trader to blow up or hold trader if they have winning streaks.
  • #13,463
  • Jan 11, 2023 3:27pm Jan 11, 2023 3:27pm
Please does anyone have any experience with using
https://instantfunding.io/
Thank you.
Survival intelligence is more important than entry intelligence
AAMS Trinity Engine Return This Month: 0.2%
  • #13,464
  • Jan 11, 2023 3:45pm Jan 11, 2023 3:45pm
Finotive Funding removed time limits
  • #13,465
  • Jan 11, 2023 4:23pm Jan 11, 2023 4:23pm
Quoting maflip
{quote} No time limit, 12% drawdown. Only accept crypto as payment.... Too good to be true.... Any takers?
Doesn't exist on Truspilot
  • #13,466
  • Jan 11, 2023 10:29pm Jan 11, 2023 10:29pm
Quoting olvus
Finotive Funding removed time limits
Curious how many other firms will follow in removing the time limit. If you're not FTMO or MFF you'll have a hard time competing with those without time limits. Definitely a good development to see.
  • #13,467
  • Jan 12, 2023 3:13am Jan 12, 2023 3:13am
Quoting EnoFX
{quote} Curious how many other firms will follow in removing the time limit. If you're not FTMO or MFF you'll have a hard time competing with those without time limits. Definitely a good development to see.
I agree, it's an interesting development and welcome to those looking to get funded under reasonable conditions. I would imagine the stats wouldn't alter much for MFF and FTMO considering nearly all their traders lose once live after only a few weeks, so my logic would be that these one hit wonders are trading exactly the same way during "challenges" and wouldn't alter their mindset to make less than 100% per year (edit: and they don't last that long).

Is the pot never ending and constantly refilling challenge fees to pay out, will they keep coming back or just take their chips to the next casino/prop start up? I wonder...

There are many ways to make it work for both camps but one is far less profitable than the other and return takes much longer. There are a few Richard Dennis's out there that need finding, who are they going to end up trading for?
  • #13,468
  • Jan 12, 2023 4:13am Jan 12, 2023 4:13am
Quoting elemiliman
Please does anyone have any experience with using https://instantfunding.io/ Thank you.
Don't hesitate just go for it.
  • #13,469
  • Jan 13, 2023 4:40am Jan 13, 2023 4:40am
Anybody with E8Funding experiencing withdrawal delays? Waiting for over 48 hrs just to get the initial approval and their online support is sh*t
Money is made by sitting, not trading
  • #13,470
  • Jan 13, 2023 4:55am Jan 13, 2023 4:55am
After several hours their online support responded that "there is an investigation due to account management and you need to wait for the resolution". They don't respond my follow up questions. WTF??
Money is made by sitting, not trading
  • #13,471
  • Jan 13, 2023 5:16am Jan 13, 2023 5:16am
Ok. They are investigating my account for using Duplikium. Well, for "more users used the same device" to quote them word for word. Great.
Money is made by sitting, not trading
  • #13,472
  • Jan 13, 2023 6:30am Jan 13, 2023 6:30am
Quoting mixedbags
{quote} Don't hesitate just go for it.
Thank you for the reply.
I have registered.
Survival intelligence is more important than entry intelligence
AAMS Trinity Engine Return This Month: 0.2%
  • #13,473
  • Jan 13, 2023 9:54pm Jan 13, 2023 9:54pm
Quoting elemiliman
Please does anyone have any experience with using https://instantfunding.io/ Thank you.
Their Conventional Account for 10K costs £588 which is $720 as of today. They give you $800 dd. Basically you get $80 boost compared to using your own $720. I'm guess the scaling plan might be the goal to want to take part in this????
  • #13,474
  • Jan 13, 2023 10:12pm Jan 13, 2023 10:12pm
Quoting OutThere
{quote} Their Conventional Account for 10K costs £588 which is $720 as of today. They give you $800 dd. Basically you get $80 boost compared to using your own $720. I'm guess the scaling plan might be the goal to want to take part in this????
Yes and because it's instant funding even though you trade via a demo account.
Survival intelligence is more important than entry intelligence
AAMS Trinity Engine Return This Month: 0.2%
  • #13,475
  • Jan 13, 2023 11:00pm Jan 13, 2023 11:00pm
I already know most issues instant funding...I think but aside from that, if you wanted to reach the scaling stage, is that a viable goal to participate in them? You are paying 50% of your profit to them over succeeding through several scaling events and hopefully you reach max. So, is this reaching the max funding goal worth all the hassle plus fees you pay them?

One thing I like is this scheme about buying 2 accounts to merge them in order to get double the $ of course or you can double the max dd.
Do others make this kind of a deal?
It's nice to have the option.
Attached Image (click to enlarge)
Click to Enlarge Name: instant funding.jpg Size: 79 KB
  • #13,476
  • Jan 14, 2023 2:56am Jan 14, 2023 2:56am
Can someone suggest a free "Equity Guardian EA" for MT4, to protect my account from unexpected drawdowns?

The other day I lost my MFF account because of that...
  • #13,477
  • Jan 14, 2023 3:11am Jan 14, 2023 3:11am
Quoting zozon99
Can someone suggest a free "Equity Guardian EA" for MT4, to protect my account from unexpected drawdowns? The other day I lost my MFF account because of that...
https://www.stevehopwoodforex.com/ph...hp?f=21&t=4081
  • #13,478
  • Jan 14, 2023 4:12am Jan 14, 2023 4:12am
Quoting TraderTero
{quote} https://www.stevehopwoodforex.com/ph...hp?f=21&t=4081
I need some much simpler EA, which closes all open trades, if the equity drawdown exceeds 4%, out of the allowed 5%...

Thanks anyway
  • #13,479
  • Jan 14, 2023 5:59am Jan 14, 2023 5:59am
Rapid funding models looks not bad for the ones that go for let's say 1% growth daily.

Let's say you have 1000 money.


At MFF 100K account (in real 12000 account with target of + 10000) :

With 1% growth you will need ~60 trading days to reach the 10% target.

If you traded your own money in 60 days with just 1% target: 1000 will become 1800.

So for compounding with small profits the prop accounts looks good

MFF offers 12% profit share from start, FundedNext 15% (but their target is 25% and consistency rules ). I don't know if their are better options .
  • #13,480
  • Jan 14, 2023 7:08am Jan 14, 2023 7:08am
Quoting zozon99
{quote} I need some much simpler EA, which closes all open trades, if the equity drawdown exceeds 4%, out of the allowed 5%... Thanks anyway
Maybe this?

https://www.forexfactory.com/thread/...0#post11899320
57 traders viewing now