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  • #15,001
  • Edited 8:17am Apr 16, 2023 7:46am | Edited 8:17am
Quoting mcquak
{quote} 1:10 lev. is enough, I do not see a problem with that. But agree on DD, their relative DD is a bit uncomfortable. DD level is being reset after the payout about the withdrawn amount.
1:10 leverage can significantly limit your profit potential and that's why they are doing it. Most props don't reset the relative DD after withdrawal so that's a plus.

For the $1MM special account, the risk per trade is limited to 5% of the total available risk at the moment of opening the trade. In case of too large an inconsistency in risk, you will have to redo the stage partially or entirely. A trader can trade only one trading strategy per account. We do not allow traders to trade multiple trading strategies on one account, since that would not be acceptable for an audited track record.
  • #15,002
  • Apr 16, 2023 8:28am Apr 16, 2023 8:28am
Quoting TraderTero
{quote} 1:10 leverage can significantly limit your profit potential and that's why they are doing it. Most props don't reset the relative DD after withdrawal so that's a plus. For the $1MM special account, the risk per trade is limited to 5% of the total available risk at the moment of opening the trade. In case of too large an inconsistency in risk, you will have to redo the stage partially or entirely. A trader can trade only one trading strategy per account. We do not allow traders to trade multiple trading strategies on one account, since that...
Leverage doesn't matter because it calculates based on nominal account value.
If maximum DD is 1/10, 1:10 leverage is actually 1:100.
  • #15,003
  • Apr 16, 2023 8:33am Apr 16, 2023 8:33am
Quoting TraderTero
{quote} 1:10 leverage can significantly limit your profit potential and that's why they are doing it. Most props don't reset the relative DD after withdrawal so that's a plus. For the $1MM special account, the risk per trade is limited to 5% of the total available risk at the moment of opening the trade. In case of too large an inconsistency in risk, you will have to redo the stage partially or entirely. A trader can trade only one trading strategy per account. We do not allow traders to trade multiple trading strategies on one account, since that...
This is not limiting me, I'm trading only commodities and only one specific pattern on it, with the same risk profile.
Who would risk more than 5% per trade? Risking 5% is nonsense. It's $50k on a $1M account. It is far too much to be a reasonable risk.
Please keep in mind there is no time limit, so one does not need to be gambling like with “traditional” 20 days/10% profit “prop firms”. No need to hurry, no need to be over trading, and over risking. IMO, these are pretty comfortable conditions. The better than the best in this prop firm business.
  • #15,004
  • Apr 16, 2023 8:49am Apr 16, 2023 8:49am
Quoting mcquak
{quote} This is not limiting me, I'm trading only commodities and only one specific pattern on it, with the same risk profile. Who would risk more than 5% per trade? Risking 5% is nonsense. It's $50k on a $1M account. It is far too much to be a reasonable risk. Please keep in mind there is no time limit, so one does not need to be gambling like with “traditional” 20 days/10% profit “prop firms”. No need to hurry, no need to be over trading, and over risking. IMO, these are pretty comfortable conditions. The better than the best in this prop firm...
As far as I understand the risk depends on your SL. I don't think the rule is very clear.
  • #15,005
  • Apr 16, 2023 8:55am Apr 16, 2023 8:55am
Quoting wmwmw
{quote} Leverage doesn't matter because it calculates based on nominal account value. If maximum DD is 1/10, 1:10 leverage is actually 1:100.
Risk is based on SL for each trade or equity SL. 1:10 prevents me from opening all the trades I would like for my 2-3% account equity SL. Available margin does make a difference.
  • #15,006
  • Apr 16, 2023 8:59am Apr 16, 2023 8:59am
Quoting TraderTero
{quote} As far as I understand the risk depends on your SL. I don't think the rule is very clear.
Of course, it's calculated based on stop loss. How else would you want to calculate? Is there any other way?
  • #15,007
  • Apr 16, 2023 9:08am Apr 16, 2023 9:08am
Quoting mcquak
{quote} Of course, it's calculated based on stop loss. How else would you want to calculate? Is there any other way?
No, it is actually more clearly stated in other parts of their very long trading terms page. 5% is fine compared for example to Finotive.
  • #15,008
  • Apr 16, 2023 9:09am Apr 16, 2023 9:09am
Quoting TraderTero
{quote} No, it is actually more clearly stated in other parts of their very long trading terms page.
Oh, yeah. Standard legal mumbo jumbo.
  • #15,009
  • Apr 16, 2023 9:23am Apr 16, 2023 9:23am
Quoting TraderTero
{quote} Risk is based on SL for each trade or equity SL. 1:10 prevents me from opening all the trades I would like for my 2-3% account equity SL. Available margin does make a difference.
Well, if you think 1:100 leverage is still not enough, then it is a problem for you,but not a problem for 99% people.
  • #15,010
  • Apr 16, 2023 9:52am Apr 16, 2023 9:52am
Quoting wmwmw
{quote} Well, if you think 1:100 leverage is still not enough, then it is a problem for you,but not a problem for 99% people.
Not so sure about that since the 1:10 leverage is on all prop review sites considered as a con.
  • #15,011
  • Apr 16, 2023 10:52am Apr 16, 2023 10:52am
Quoting Nsak3y
{quote}-I have not seen anything like that about this firm. If you can find where that was stated and share it here, I would really appreciate it.
Sorry I thought I did but maybe I'm going crazy
  • #15,012
  • Apr 16, 2023 11:00am Apr 16, 2023 11:00am
Quoting TraderTero
{quote} For 1-phase this one is ok:https://instantfunding.io/one-phase-challenge/
Quite honestly I prefer their instant funding which looks really good - $365 for a 10k account with 10% drawdown. Full scaling. MT4 platform and EA's welcome. I have to say its the best value instant funded model I have found so far
  • #15,013
  • Apr 16, 2023 11:15am Apr 16, 2023 11:15am
Quoting Bizziebee
{quote} Quite honestly I prefer their instant funding which looks really good - $365 for a 10k account with 10% drawdown. Full scaling. MT4 platform and EA's welcome. I have to say its the best value instant funded model I have found so far
Have you checked out stocknet?
  • #15,014
  • Apr 16, 2023 2:29pm Apr 16, 2023 2:29pm
Quoting Bizziebee
{quote} Quite honestly I prefer their instant funding which looks really good - $365 for a 10k account with 10% drawdown. Full scaling. MT4 platform and EA's welcome. I have to say its the best value instant funded model I have found so far
I had a look at their Trustpilot score and it is really bad with 43% 1 star.
  • #15,015
  • Apr 16, 2023 3:37pm Apr 16, 2023 3:37pm
Quoting readme
{quote} I had a look at their Trustpilot score and it is really bad with 43% 1 star.
Looks like they are under some kind of an attack as all those 1 star reviews are very similar. I have opened several accounts with them and always received account credentials pretty much immediately. They have also answered my questions relatively fast. However, I think they should improve their support functions.
Cannot say anything about withdrawals as I'm not yet at that stage.
  • #15,016
  • Apr 16, 2023 9:15pm Apr 16, 2023 9:15pm
Quoting Bizziebee
Quoting Nsak3y
Quoting Bizziebee
Quoting Nsak3y
Another email from Traders With Edge
I seem to remember someone saying a few months ago that they never got paid so are they trustworthy
-I have not seen anything like that about this firm. If you can find where that was stated and share it here, I would really appreciate it.
Sorry I thought I did but maybe I'm going crazy
-I understand. Probably, it is better to be sure before making such comments here, since many people rely on the information that people share here about various firms.
  • #15,017
  • Apr 17, 2023 12:17am Apr 17, 2023 12:17am
Quoting Nsak3y
Another email from Traders With Edge: Black Friday promo: {quote}
Nsak3y, just remind me please. Have you already hit any payout with TWE ?
  • #15,018
  • Apr 17, 2023 1:24am Apr 17, 2023 1:24am
No. I am not trading with them yet. I am still waiting until I see bigger payouts; just my personal preference.

I get emails from them because I registered through their site in order to read their forum and see payout proof.
  • #15,019
  • Edited 6:15am Apr 17, 2023 5:54am | Edited 6:15am
Quoting TraderTero
{quote} Not so sure about that since the 1:10 leverage is on all prop review sites considered as a con.
Did any prop review site tell you max DD, not the nominal account value is the fund you get from prop firms?
I have never seen one. So all of those sites deliberately hide this most important truth .
Their assumption is nominal account value is what you get from prop firms so 1:10 leverage is not enough.
I don't think this is true nor their analysis based on this assumption can be trusted.
  • #15,020
  • Apr 17, 2023 6:05am Apr 17, 2023 6:05am
Quoting TraderTero
{quote} Have you checked out stocknet?
I am using Stocknet and so far they are quite good .. hit one target so far and payment was fast ...
they use Blueberry and they are ok.
No affiliate available so no chance of pimping here ;-)
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