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  • #13,841
  • Edited 5:01am Feb 8, 2023 3:33am | Edited 5:01am
Quoting quinotaur
Bro your intention was not to thank me but to discard competition with your loved one MyForexFunds
-I am thankful. Feel free to check my previous posts. I have made comments about many firms here, some good, some bad. I do not play favorites. It is always best to diversify. I have even been critical of MFF about certain things in the past. No firm is perfect. The only reason I commented recently was because I did not agree with what was being said there. It could have been any firm.


Quoting quinotaur
There is nothing not logical with this offer and $669 if you read well is a monthly recurring fee...there are also one-time fees Bro.
-I am aware of the offerings. The logic still stands. I would gladly take $16k for my $669, all day long, especially when I do not have to do anything for it.


Quoting quinotaur
Also, it is absurd to have any challenge phase
-This comment seems very questionable to me. You simply cannot give 24x what someone gives you without that person proving their ability first. It is completely insane and illogical to do that. You might as well burn your money.

As I said before, the math doesn't work. Any firm offering what that firm is offering, is undoubtedly hoping and praying that the buy-in fees will support the business. And maybe it will, for a while, but it will eventually fail. It will only take a few, good traders to wreck that firm.
  • #13,842
  • Feb 8, 2023 3:43am Feb 8, 2023 3:43am
Quoting maahome
Would have thought with this statement "The trading service was founded in 2014 and served more than 50000 traders worldwide with education and trading analysis. We have found a new way to develop traders and our business by providing funds for trading." there would have been more hits...
-Yes. We cannot believe everything that we read. It is just another red flag, in my opinion.
  • #13,843
  • Feb 8, 2023 4:07am Feb 8, 2023 4:07am
Quoting Nsak3y
{quote}-Yes. We cannot believe everything that we read. It is just another red flag, in my opinion.
Also his address links to the Panama Paper Leaks database, apropos name after the office number Yeah, let me just grab my credit card....
  • #13,844
  • Feb 8, 2023 5:04am Feb 8, 2023 5:04am
Quoting quinotaur
{image}
Looks like a bucket shop prop firm. One of those come and go ones take your money away. Sorry for being blunt and direct. I know you are offended.

Don't worry, everyone is skeptical at first. Everyone was at FTMO too at the beginning. Until they proved they are legit. Your firm is new, they have plenty to prove first.

The evaluation they offer starts at large. Making me think they want to get as much as they can before they disappear after collecting. Try to start with small account offering those with $20 ones so that someone has something to try out small at first.
  • #13,845
  • Feb 8, 2023 5:43am Feb 8, 2023 5:43am
Quoting maflip
I know you are offended. Don't worry, everyone is skeptical at first. Everyone was at FTMO too at the beginning. Until they proved they are legit.
-Yes. No one should take things personally here. Everyone has their own opinion about things.

There are many traders here in this thread that have been around for a long time and will expose a firm for what it is.

I personally like to give some new firms the benefit of the doubt if I feel that their offer seems reasonable. Others may not feel so flexible in their views. Nothing wrong with it.

If you cannot take criticism, then you probably have no business running a prop firm anyway.
  • #13,846
  • Feb 8, 2023 5:43am Feb 8, 2023 5:43am
Quoting maflip
{quote} Looks like a bucket shop prop firm. One of those come and go ones take your money away. Sorry for being blunt and direct. I know you are offended. Don't worry, everyone is skeptical at first. Everyone was at FTMO too at the beginning. Until they proved they are legit. Your firm is new, they have plenty to prove first. The evaluation they offer starts at large. Making me think they want to get as much as they can before they disappear after collecting. Try to start with small account offering those with $20 ones so that someone has something...
Why would I be offendedbesides opinion is like an ass everyone have itmy differs from yours and those posts from competition advocates that were poked in the eyes but there are new offerings and they have to accept that
  • #13,847
  • Feb 8, 2023 5:49am Feb 8, 2023 5:49am
Quoting quinotaur
those posts from competition advocates that were poked in the eyes but there are new offerings and they have to accept that
-I gladly welcome new offerings here. You can read my posts regarding Traders With Edge firm that someone shared here recently. I speak my mind about which firms I like and do not like.
  • #13,848
  • Feb 8, 2023 5:59am Feb 8, 2023 5:59am
Quoting Nsak3y
{quote}-I gladly welcome new offerings here. You can read my posts regarding Traders With Edge firm that someone shared here recently. I speak my mind about which firms I like and do not like.
See how bot is exposed nobody mentioned him but he finds himself in sentencebrilliant
  • #13,849
  • Feb 8, 2023 7:05am Feb 8, 2023 7:05am
Quoting Nsak3y
{quote}-I gladly welcome new offerings here. You can read my posts regarding Traders With Edge firm that someone shared here recently. I speak my mind about which firms I like and do not like.
TWE look OK but I'm not sure about the broker Go markets? Spreads and commissions? Also on the website it says leverage offered on Hare account is 1:30 and further down the page it says 1:50 !

One thing I do like is that one can pay an extra fee (around $70) to remove the daily loss limit. That is worth taking if one does go for them
  • #13,850
  • Feb 8, 2023 7:19am Feb 8, 2023 7:19am
Quoting quinotaur
Quoting Nsak3y
{quote}-Most of my posts have been made in this thread, actually. {quote}-Look at the offer. $669 for $16,000 worth of draw-down without any challenge phases. That's 24x your buy-in. Would you feel comfortable giving 16k of your money to anyone that was willing to give you $669, without proving themselves? The logic is failed. As such, we can surmise that there is no real trading going on (no real capital at risk), and therefore, the model is purely funded by the buy-in fees. Meaning, any trader that is successful will quickly
...
...[/quote]

Attached Image (click to enlarge)
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Prior to October, 2022, what company name was the trader educational services under (since 2014)?
  • #13,851
  • Feb 8, 2023 7:38am Feb 8, 2023 7:38am
Quoting Bizziebee
TWE look OK but I'm not sure about the broker Go markets? Spreads and commissions? Also on the website it says leverage offered on Hare account is 1:30 and further down the page it says 1:50 !
-Regarding the broker, I really have no idea. I believe they have a free challenge, but I have not checked it out.

This firm is just another that I have added to my list of potentials. Still too soon to consider, in my opinion. They have many payout proofs on their discussion forum, but I still have not seen any that are in the 5-figure range yet. They seem to have a good team and customer support has been good in my experience.

Having the option to remove the daily loss limit and to set the max draw-down limit to static can make a huge difference for traders in terms of hanging on to their account.
  • #13,852
  • Feb 8, 2023 7:41am Feb 8, 2023 7:41am
Another new one friends :

fx2funding.com

Supposed to be offering cheapest 10k one stage challenge on the market for $99 but I'm not sure if the offer is still valid
  • #13,853
  • Feb 8, 2023 7:54am Feb 8, 2023 7:54am
Quoting Bizziebee
fx2funding.com
-Looks like they have a similar scheme as Ment Funding, where your profits essentially serve as your draw-down once you reach a certain point, and if you withdraw all of your profits, you can literally violate the draw-down and face account closure.

It should be noted that the challenge fee is not refundable. Not uncommon for this kind of model, but something that traders should be aware of.

Thanks for sharing.
  • #13,854
  • Feb 8, 2023 7:56am Feb 8, 2023 7:56am
Quoting Nsak3y
{quote}-Regarding the broker, I really have no idea. I believe they have a free challenge, but I have not checked it out. This firm is just another that I have added to my list of potentials. Still too soon to consider, in my opinion. They have many payout proofs on their discussion forum, but I still have not seen any that are in the 5-figure range yet. They seem to have a good team and customer support has been good in my experience. Having the option to remove the daily loss limit and to set the max draw-down limit to static can make a huge difference...
I disqualify any prop that has a trailing max loss which, as far as I understand, it's their case.
  • #13,855
  • Feb 8, 2023 7:59am Feb 8, 2023 7:59am
Quoting Capablanca
I disqualify any prop that has a trailing max loss which, as far as I understand, it's their case.
-Not sure, but they have the option to set max loss to static.
  • #13,856
  • Feb 8, 2023 11:54am Feb 8, 2023 11:54am
Quoting quinotaur
{quote} Why would I be offendedbesides opinion is like an ass everyone have itmy differs from yours and those posts from competition advocates that were poked in the eyes but there are new offerings and they have to accept that
You are the epitome of what I think of commercial members. I just spent an hour catching up on this thread and pretty much every one of your posts is filled with horse dung. A pretty clear piece of evidence that you will not be a successful prop firm owner. Anyone who gives you their money deserves to lose it.
  • #13,857
  • Feb 8, 2023 12:05pm Feb 8, 2023 12:05pm
Beware about your trading style / pattern in MyFundedFx.

Just saw Telegram print screens of a guy whose payout was put on hold and was asked (by the CEO) if he was trading in other prop firms. They wanted his authorization to check the history in other firms
We put the print screens in the group and they made a fuss in the group, MFFx CEO was brutally flogged and they immediately paid him (what a coincidence - being on hold for 2 days and just after all the fuss he was paid).

Their CEO finds this natural. "Basic questions" like asking permission to see other prop firm history.
Quote
We put you in a secondary review to validate the concerns we had. We asked basic questions, even asked for written permissions. You were paid the funding and the case has been resolved.
Im not sure what the issue is here

Quote
considering evidence is used to convict someone of wrong doing, the suspicion is his trading history.
If he is cleared which should be today, he will receive his payout. Its not anything out of the ordinary. If a police officer has suspicions, he pulls a car over. Whether the driver gets in trouble is a completely separate issue.
  • #13,858
  • Feb 8, 2023 12:11pm Feb 8, 2023 12:11pm
Quoting Nsak3y
{quote}-Not sure, but they have the option to set max loss to static.

Well I just took a trial account and the spreads are actually very good.

Gold- 10 pips
Dow - 1.2 points and no commission

With the option to pay extra to ged rid of the DLL, they are most definitely an option IMHO. Bit like E8, you can get a payout pretty fast, after 10 days

Downside:
1/ Trailing max drawdown
2/ If you make the target in one day, you can't trade microlots for the remaining days
  • #13,859
  • Feb 8, 2023 1:47pm Feb 8, 2023 1:47pm
Quoting Bizziebee
{quote} Well I just took a trial account and the spreads are actually very good. Gold- 10 pips Dow - 1.2 points and no commission With the option to pay extra to ged rid of the DLL, they are most definitely an option IMHO. Bit like E8, you can get a payout pretty fast, after 10 days Downside: 1/ Trailing max drawdown 2/ If you make the target in one day, you can't trade microlots for the remaining days
Looks great but eightcap sucks wind the worse platform out there.
  • #13,860
  • Feb 8, 2023 2:19pm Feb 8, 2023 2:19pm
Quoting quinotaur
{image}
Im going to test you out IF you are legit I will let people in here know of my experience. WARNING I have been a trader for 40 years so I am not going to give you a glowing reference if you suck lol
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