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  • #14,881
  • Apr 12, 2023 3:56pm Apr 12, 2023 3:56pm
Quoting TraderTero
{quote} Looks like they have changed their DD rules to worse: https://intercom.help/myfundedfx/en/...-account-rules I was planning to get their 250K account but not any more.
I looked at their homepage, it looks funky, and could not find their prices, nowhere???
I donīt like that at all...
  • #14,882
  • Apr 12, 2023 4:20pm Apr 12, 2023 4:20pm
Quoting TraderTero
{quote} Looks like they have changed their DD rules to worse: https://intercom.help/myfundedfx/en/...-account-rules I was planning to get their 250K account but not any more.
Was this a static DD before ?
  • #14,883
  • Apr 12, 2023 4:24pm Apr 12, 2023 4:24pm
Quoting cuchuflito
{quote} I looked at their homepage, it looks funky, and could not find their prices, nowhere??? I donīt like that at all...
Yep, that's strange. I can't see prices either. And if we click Get Funded they ask our details. This is a stupid way of eliminating potential customers for thos that are only browsing for a new prop.
  • #14,884
  • Apr 12, 2023 4:28pm Apr 12, 2023 4:28pm
When we speak about remote prop firms, I think that talk of regulation, business registration, office location, phone number etc. is a massive waste of time. There is simply no need for it.

What matters is whether or not a company is paying out and whether or not their terms/offerings are agreeable. Look at the company history of payouts and conflict resolution to gauge credibility, as well as forums such as this where real traders have experience with these firms.

What is legitimate today, may be a scam tomorrow. We do not know what will happen in this space. The best thing that we can do is to communicate with each other so that we may all stay informed. Then, it is only a matter of mitigating our risk just like we do with any other type of investment.

We must approach these opportunities with the mindset that any firm may disappear tomorrow. This is the risk that we take, and we must accept it. Do not put all of your eggs into one basket.

Talk of regulation or getting authorities involved will only put an eventual end to this great opportunity that we have. In most cases, the challenges are fully refundable, so the risk-to-reward is a no-brainer.

If you need a false sense of security in order to take part in one of the greatest trading opportunities that has ever existed, then you may be in the wrong business.
  • #14,885
  • Apr 12, 2023 4:45pm Apr 12, 2023 4:45pm
Quoting TraderTero
{quote} Looks like they have changed their DD rules to worse: https://intercom.help/myfundedfx/en/...-account-rules I was planning to get their 250K account but not any more.
Yes! This is bad BUT I guess they made a mistake!!! And may be thanks to out spreadsheet they realise now the mistake!

MFFX was the unique phase I to dont lock to the IB (initial balance) the max stop of 6% and this could make them much better of TheFundedTrader and Fund.Tr.Plus

I will update the change in few hours.

This make again the phase I category not so attractive.

I was attracted in my first days the phase I only due to the no limit period but then when you think that you can lose that account much quickly, doesnt worth to spend time to build phase 1 accounts.

I know that you like phase I but all of them are eightcap and with MFFX offering a no limit.. is already killing definetively the 1 step category.

If some other prop will offer no limit time on 2 step, the 1 step will die if stay like it is now.

MFFX found some excuse in that article. But they was the winners like that on Phase 1.

The IB drawdown rule is very problematic and will cost you thousands of dollars.

If the old users here can confirm, theoretically we should discard all these... This would mean right now that any phase I program is acceptable and also step 2 of FTP should be not acceptable.

Even if here I see many people that mention still FTP that IB drawdown rule is what let them make more money (and run elsewhere traders).

Thats why nobody here mention them as one of the top 3, or they dont mention phase I as better of phase II

FTP (The Fund.Tr.Plus) also has this rule on the instant program.... That make again the worst offer in the IF category .

As I can tomorrow I will think to it and probably if everybody agree, we should eliminate FTP?

I took time to digest all what you said in the past and I can see now clearly the "pill" some program is offering to you to get you into a deal not so good as you can think.
in holiday till end of November
  • #14,886
  • Apr 12, 2023 4:49pm Apr 12, 2023 4:49pm
Quoting Ak386
{quote} I have an account in "My My Funded FX" MFFX I like your presentation of the company, located in the USA, it has a commercial registry, it has good support, what I don't know is if it pays or not, I'm just starting with MFFX
Thank you. I choose them only because of the no limit. As I think many of you, when you have difficult times in your life, the pressure to make 8/10% in 20 sessions, it's a big risk, or may be you just can't because something happen in your life the same day you make your first trade.

Let's hope to see other prop to offer better deals like this for us.
in holiday till end of November
  • #14,887
  • Apr 12, 2023 4:54pm Apr 12, 2023 4:54pm
Quoting Capablanca
{quote} Was this a static DD before ?
Yes! If you check my spreadsheet or images I uploaded you will see that before wad static! Unique phase I...

But as you teach me, even like that.. these phase I what they offer us? For a 3% less profit target we want to lose a 1/2% more daily drawdown and a 2/6% more total DD?
in holiday till end of November
  • #14,888
  • Apr 12, 2023 4:57pm Apr 12, 2023 4:57pm
Quoting Capablanca
{quote} Yep, that's strange. I can't see prices either. And if we click Get Funded they ask our details. This is a stupid way of eliminating potential customers for thos that are only browsing for a new prop.
To surf in MFFX and find pricing is difficult! They will understand a day and fix it.

However if you register you will enter in the dashboard and seenthe prices! Also there is a free contest and every month you can win a challenge.
in holiday till end of November
  • #14,889
  • Apr 12, 2023 5:10pm Apr 12, 2023 5:10pm
Keep in mind, with all of these firms, what you take on is what you are given once you pass. MFFX gives 6% max loss on their one stage program. This is half the 12% MFF gives on their two stage, and it costs more. $6000 max loss for $1000 vs. $12000 max loss for $979. I guess the trade off is the no time limit?
  • #14,890
  • Apr 12, 2023 5:22pm Apr 12, 2023 5:22pm
Quoting pipmaster77
Keep in mind, with all of these firms, what you take on is what you are given once you pass. MFFX gives 6% max loss on their one stage program. This is half the 12% MFF gives on their two stage, and it costs more. $6000 max loss for $1000 vs. $12000 max loss for $979. I guess the trade off is the no time limit?
About the 6%, it's a trailing. Then, 6% trailing is almost the quarter of a 12% static
  • #14,891
  • Apr 12, 2023 5:25pm Apr 12, 2023 5:25pm
Quoting Capablanca
Downtime payout for me is one of the most sensible things, specially the stupidity of down time that TFF or TFT have. This is as much important as the payout periodicity itself. ---- Regulation if it comes it will be a financial one and a complete disaster for the industry. Wherever the the regulators/government touch they destroy everything. They would oblige traders to have oficial certifications to be able trade, high capital demands from prop firms, bank guarantees, deep auditing, tax reporting, KYC until they know the color of our pants and...
TFT is trying now to pay in one day. Some users had this privilege this week. To see if it generalizes for the future
  • #14,892
  • Apr 12, 2023 5:48pm Apr 12, 2023 5:48pm
Quoting Nehemah
{quote} TFT is trying now to pay in one day. Some users had this privilege this week. To see if it generalizes for the future
I qualified for it and when I inquired today they say it is not released yet. Had a payout last week, took the normal 3 days. King's program, suppose to be 8 hours for payout.
  • #14,893
  • Apr 12, 2023 7:20pm Apr 12, 2023 7:20pm
Quoting pipmaster77
{quote} I qualified for it and when I inquired today they say it is not released yet. Had a payout last week, took the normal 3 days. King's program, suppose to be 8 hours for payout.
Gutstofail confirmed as a scam

Latest from Trustpilot
Attached Image (click to enlarge)
Click to Enlarge Name: TP.JPG Size: 62 KB
Investment Trading
  • #14,894
  • Apr 12, 2023 11:44pm Apr 12, 2023 11:44pm
Quoting Nsak3y
What is legitimate today, may be a scam tomorrow. We do not know what will happen in this space. The best thing that we can do is to communicate with each other so that we may all stay informed
....
We must approach these opportunities with the mindset that any firm may disappear tomorrow. This is the risk that we take, and we must accept it. Do not put all of your eggs into one basket.
Very wise words. TPT and Funding Talent were one of the most profitable props for me and they don't exist any longer.

I will keep on testing props if I see them around for some months, reasonable amount of payout and decent 1 star claims in Trust Pilot (I know I'm much more reckless than the majority here). The ideia is always to receive a refund as soon as possible and get a free ride from then on.
  • #14,895
  • Apr 12, 2023 11:46pm Apr 12, 2023 11:46pm
Quoting forexbali
MFFX was the unique phase I to dont lock to the IB (initial balance)
Finotive 1 step DD is based on initial balance. Probably is the only one now.
All the rest with trailing DD is pure garbage IMO.
  • #14,896
  • Apr 12, 2023 11:56pm Apr 12, 2023 11:56pm
Quoting Nehemah
{quote} TFT is trying now to pay in one day. Some users had this privilege this week. To see if it generalizes for the future
Let's hope so. TThey published this some weeks ago. Not sure if this may be related with that thing of the automatic payments.

Attached Image (click to enlarge)
Click to Enlarge Name: IG story - TFT roadmap_poker.jpg Size: 334 KB


If so, this would leave TFF with the worse payout process.

Not sure also if TFT still has that stupid thing of activating funded account only on on Sunday evening, even if we pass KYC on Monday o Tuesday.
  • #14,897
  • Apr 12, 2023 11:58pm Apr 12, 2023 11:58pm
Quoting Doubla
{quote} Gutstofail confirmed as a scam Latest from Trustpilot {image}
I remember a dude that was coming here defending these guys and, instead of thanking our critics, was extremely arrogant. We could see how bad that was, starting by the stupid name.
  • #14,898
  • Edited 12:57am Apr 13, 2023 12:46am | Edited 12:57am
You mean, GutsToGetScammed?
  • #14,899
  • Apr 13, 2023 12:47am Apr 13, 2023 12:47am
From the prop group. BeSpoke, strong statement....
Attached Image (click to enlarge)
Click to Enlarge Name: photo_2023-04-12_18-04-54.jpg Size: 110 KB


Something I see there is more and more claims against OFP Funding (it's an instant funding company). Apparently they don't have a dashboard yet (WTF ?), delays in paying, delays in replying customers and implemented a new rule 2 minutes before and after news that immediately breach accounts.
  • #14,900
  • Apr 13, 2023 1:56am Apr 13, 2023 1:56am
Quoting Doubla
{quote} Gutstofail confirmed as a scam Latest from Trustpilot {image}
I am trading with them among others and did not have any issues.
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