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  • #15,161
  • Apr 20, 2023 12:35pm Apr 20, 2023 12:35pm
Quoting Takisd
{quote} Sounds like they are scraping yuck.
Or stole....
  • #15,162
  • Apr 20, 2023 2:15pm Apr 20, 2023 2:15pm
Why are so many prop firms use such a shitty broker like Eightcap ?
Latency, absurd slippage, and absurd filling on market orders.
  • #15,163
  • Apr 20, 2023 4:17pm Apr 20, 2023 4:17pm
Quoting AaronPriest
{quote} I have not had much trouble with Eightcap, but I wouldn't want every account on every prop firm with the same broker either. Of the prop firms I've used so far, I like The5%ers, BuoyTrade, and E8Funding the best, but My Forex Funds, FTMO, and City Traders Imperium are also reputable. I do not yet have a real account with E8, but I'm impressed with how they handled the issues of last week. They will probably be my next real account.
I think it's going to be the %5er's or E8 for me. Thank you for sharing your views.
  • #15,164
  • Apr 20, 2023 4:19pm Apr 20, 2023 4:19pm
Quoting wansiman
Why are so many prop firms use such a shitty broker like Eightcap ? Latency, absurd slippage, and absurd filling on market orders.
Because for 4999.99 you too can have a prop firm out of the box ready to go in just 2 weeks!
  • #15,165
  • Apr 20, 2023 4:21pm Apr 20, 2023 4:21pm
Quoting wansiman
Why are so many prop firms use such a shitty broker like Eightcap ? Latency, absurd slippage, and absurd filling on market orders.
Excellent question.
  • #15,166
  • Apr 20, 2023 5:13pm Apr 20, 2023 5:13pm
Quoting acetrader
{quote} Excellent question.
They buy an OOTB solution from fpfx. Dashboard, eightcap, deel. Legitimacy of buying not checked and scams like firstclassforexfunds etc appear.
  • #15,167
  • Apr 21, 2023 1:14am Apr 21, 2023 1:14am
Quoting Takisd
{quote} Because for 4999.99 you too can have a prop firm out of the box ready to go in just 2 weeks!
Exactly. Eight"CRAP" is a white label broker for anyone who wants to start a prop firm...it's the easiest way, also for scammers.
  • #15,168
  • Apr 21, 2023 1:37am Apr 21, 2023 1:37am
Quoting wansiman
Why are so many prop firms use such a shitty broker like Eightcap ? Latency, absurd slippage, and absurd filling on market orders.
https://docs.google.com/spreadsheets...it?usp=sharing

of the most used MFFX TFTP FTP+
in holiday till end of November
  • #15,169
  • Apr 21, 2023 2:05am Apr 21, 2023 2:05am
Quoting Olarion1975
{quote} Exactly. Eight"CRAP" is a white label broker for anyone who wants to start a prop firm...it's the easiest way, also for scammers.
Bigpip funding uses Eightcap too and their accounts expires every 30 days,coz they dont have a legitimate agreement with Eightcap,lots of complaints in their telegram group with accounts expiring and payout issues.

Also Eightcap is the cheapest among the brokers willing to work with prop firms,brokers sees props as competitors too.
Every demo account issued by Eightcap has costs on props.
  • #15,170
  • Apr 21, 2023 2:07am Apr 21, 2023 2:07am
This is the site of the guys running the Prop firm group. I think this link may be useful to check firm details.
https://www.propfirms.co.uk/propfirms/
(I guess they have affiliate links there but anyway the info may be useful)
  • #15,171
  • Apr 21, 2023 2:40am Apr 21, 2023 2:40am
Quoting Nsak3y
{quote}-No. Feel free to read all of my previous comments if you have any doubts. Many traders may use this thread as a way to gauge credibility among these firms. Making serious, negative claims about any firm without evidence may dilute the integrity of this tread and can be frustrating for people that have invested time into researching these firms (or worse, are trading with these firms). As such, it is always better to present evidence with your claims. It is just a suggestion. {quote}-Please do share something if you find it. I have been watching...
I didn't make any claim! And I really don't think that my comment is going to sway people not to trade with these people. Sorry that my post upset you so much
Anyway I couldn't find the post. But it could be the guy who was upset that he didn't receive his funded account after passing the challenge because he traded microlots to complete the days.
I must admit that I would be pretty narked off if that happened to me especially as they didn't even give him a refund
  • #15,172
  • Edited 6:52am Apr 21, 2023 3:18am | Edited 6:52am
Quoting Bizziebee
I didn't make any claim!
-Read again.

Quoting Bizziebee
And I really don't think that my comment is going to sway people not to trade with these people.
-You cannot know how your comments may impact others. As such, it is better to be responsible and considerate. Just my suggestion.

Quoting Bizziebee
Sorry that my post upset you so much
-Better to not assume.

Quoting Bizziebee
Anyway I couldn't find the post. But it could be the guy who was upset that he didn't receive his funded account after passing the challenge because he traded microlots to complete the days.
-Speculation may not serve this community very well. I would say, if someone was doing that, then that is their own fault for not reading the rules.

Quoting Bizziebee
I must admit that I would be pretty narked off if that happened to me especially as they didn't even give him a refund
-As a trader, if you fail to follow the rules that have been clearly defined by the firm, then only you are to blame.
  • #15,173
  • Apr 21, 2023 6:28am Apr 21, 2023 6:28am
commenting for future ref
Quoting forexbali
{quote} https://docs.google.com/spreadsheets...it?usp=sharing of the most used MFFX TFTP FTP+
  • #15,174
  • Apr 21, 2023 7:34am Apr 21, 2023 7:34am
Quoting NevFX
commenting for future ref {quote}
Eightcap broker, the last column on the right shows who use eightcap broker

the spreadsheet has only the best names used by the best and top prop traders in this forum

Welcome so to suggest other programs to add but I remember that many are not listed because not used, bad reviews, programs that are for sure worse than the best 5-7 prop firms.

For what I read in this week I have heard several time mention to: Finotive or Bespoke.

As soon as I will see more interest or a trust in a new one, I will add.

Recently the unique addition and entry was MFFX.

While a removal was The Funded Trading plus with their offers as Instant Funding and Phase 2 that are not competitive at all.

Also a new entry was in the past weeks the5ers high stake phase 2 program.

Please, if many of you are using a name not listed and it is something interesting please message me.

But I think that right now the table attached is a view of what are using the best prop traders right now and what they trust.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-04-21 at 14.29.49.png Size: 259 KB
in holiday till end of November
  • #15,175
  • Apr 21, 2023 7:35am Apr 21, 2023 7:35am
Quoting ladder
Hi Vitore, What do you think of the owner of MyFundedFX? He started trading in 2018, but has already been 'a successful financial and tech services entrepreneur and trader in the forex, options, stock, and crypto industries.' How successful is he as a trader? In just 4 years? {image}


Complete garbage by the looks.

Next.

Masterrmind ...........
Master your Mind then Master your Trades
  • #15,176
  • Apr 21, 2023 7:51am Apr 21, 2023 7:51am
Would anyone with the 5ers be able to tell me which Tradingview exchange is the most correlated with their pricing? I worked out that MFF is almost exactly the same as Oanda which works for my strat and I think the 5ers will be my next acc purchase.

Also anyone else having a crappy week in this indices chop?
  • #15,177
  • Apr 21, 2023 8:27am Apr 21, 2023 8:27am
Quoting smiley1910
Would anyone with the 5ers be able to tell me which Tradingview exchange is the most correlated with their pricing? I worked out that MFF is almost exactly the same as Oanda which works for my strat and I think the 5ers will be my next acc purchase. Also anyone else having a crappy week in this indices chop?
Indices are crazy this week. It started last week already. Just returned back to 0% profit for the week
Money is made by sitting, not trading
  • #15,178
  • Apr 21, 2023 8:33am Apr 21, 2023 8:33am
Quoting wansiman
Why are so many prop firms use such a shitty broker like Eightcap ? Latency, absurd slippage, and absurd filling on market orders.
Don't know, may be they offered an "easy" pack to join in this business.

However, let's forget the prop business.

Eightcap was one of the lowest spread broker on forex, and months ago was just below fusion and icmarkets as spreads, let's say in the top 3 or top 4 if I consider Fp markets also.

I saw in the recent months that more prop firms join them and more I see some sort of wider spreads on myfxbook where I check spreads

there i published the spread of what I think are the best forex brokers as spread on the market.

Then slippage and liquidity is another issue. To check liquidity you have to open a live account, open a depth of market and check it.
I did for many months and we testes also with EA many brokers and my rank for liquidity or best execution is: 1. Fusion Market 2. FpMarkets and after all the other.
IcMarkets has few lots on the first level. Eightcap many friends tested them they didn't like, they had simply an execution that could not match fusion or fpmarkets, and Ic Markets is playing also a lot with slippage on news.

I never saw months ago Eightcap with spread so bad.... and if I think that prop firms are just demo and not real orders are routed there, I could not image that eightcap just focus now on prop business.

Or what I can think, prop firms pay eightcap to be now with higher spread and get an advantage against traders and they pay back eightcap? nosense....

I see eightcap spread going wider and don't know how the prop business relationship could be the cause of that! but may be it is?

Bytheway: Myfxbook has some problem today to show the spreads of eighcap (imagine even this issue with them ha ha), are not so ugly the spread, but what I saw is that over the time eightcap raised the average spread of 1-2 points on random pairs that can easily put them behind fusion-icmarkets-fpmarkets most of the time.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-04-21 at 15.34.02.png Size: 36 KB
in holiday till end of November
  • #15,179
  • Apr 21, 2023 8:36am Apr 21, 2023 8:36am
Quoting smiley1910
Would anyone with the 5ers be able to tell me which Tradingview exchange is the most correlated with their pricing? I worked out that MFF is almost exactly the same as Oanda which works for my strat and I think the 5ers will be my next acc purchase. Also anyone else having a crappy week in this indices chop?
wow this is so interesting! I would like to know from others about this matter.

MFF-OANDA just for forex or even other products?
in holiday till end of November
  • #15,180
  • Apr 21, 2023 9:31am Apr 21, 2023 9:31am
Quoting forexbali
{quote} Don't know, may be they offered an "easy" pack to join in this business. However, let's forget the prop business. Eightcap was one of the lowest spread broker on forex, and months ago was just below fusion and icmarkets as spreads, let's say in the top 3 or top 4 if I consider Fp markets also. I saw in the recent months that more prop firms join them and more I see some sort of wider spreads on myfxbook where I check spreads there i published the spread of what I think are the best forex brokers as spread on the market. Then slippage and...
Interesting, I don't see any of the USA based NFA/CFTC brokers listed with the lowest spread.....how strange
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