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  • #15,901
  • May 22, 2023 10:48am May 22, 2023 10:48am
Quoting Cryptosurf
JFC, you cant be serious. Read back what you wrote...think about it. No offense but that reasoning is off the chart insanity. There's no justification in rationalizing the patently absurd.
-I think that maybe you misunderstand me. I am not saying that traders should be stupid or that stupidity should be allowed. Obviously, what that guy was doing was probably very stupid. I am saying, that, regardless of what traders are doing, FTMO should not be imposing rules that are not clearly defined.

Stupidity may be subjective, especially in terms of trading. If you want to prohibit stupidity, then you must clearly define what stupidity means. It is not unreasonable to think this way, because I can assure you, what I consider to be very stupid, someone else may consider to be not stupid at all.

Since we are talking about risk, specifically lot sizes, then not only should it be easy for FTMO to clarify this matter, but it should be imperative for them to do so since they give no indication that such limits even exist in the first place, yet seem to be imposing them on selective traders.
  • #15,902
  • May 22, 2023 10:49am May 22, 2023 10:49am
Quoting donfriday
{quote} Hi Mate, pls what do you think of all those prop firms using 8cap and thinkmarket? i like the propfirm that have their own liquidity different from brokers that individual traders have accounts with.
we should stick to :

MFF, FTMO, TFF.

Nothing more.

600k + 400 k + 400 k.

Enough.

Intraday only.
  • #15,903
  • May 22, 2023 10:51am May 22, 2023 10:51am
Quoting Vitore
They changed to 10:1 just didn't update their site yet
-Good to know. They should change the extra options to be inclusive.
  • #15,904
  • May 22, 2023 10:56am May 22, 2023 10:56am
Quoting navk
{quote} we should stick to : MFF, FTMO, TFF. Nothing more. 600k + 400 k + 400 k. Enough.
TFF should not be trusted whatsoever.
Trade with confidence, trade without fear.
  • #15,905
  • May 22, 2023 11:06am May 22, 2023 11:06am
Quoting Cryptosurf
{quote} TFF should not be trusted whatsoever.
Any bad experience ?
Intraday only.
  • #15,906
  • May 22, 2023 11:19am May 22, 2023 11:19am
Quoting navk
{quote} Any bad experience ?
You could say that: https://www.forexfactory.com/thread/...8#post14394118
Trade with confidence, trade without fear.
  • #15,907
  • May 22, 2023 11:39am May 22, 2023 11:39am
Quoting Nsak3y
Utilising one strategy to pass an assessment and then utilising a different strategy in a funded account, as determined by the Company in cooperation with FXIFY at their discretion If the Company detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to the Company. Additionally, and before any Trader shall receive a funded account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by both the Company and the Broker...
their challenges have time limits

If they offered no time limit then it could work like that. But if a prop firm believes I will continue trading a strategy with strict time constraints once I'm funded and have no further time limits, they must be crazy.
  • #15,908
  • May 22, 2023 11:39am May 22, 2023 11:39am
Quoting Capablanca
{quote} We would expect pricing to be according with some "reliability and usage" ranking. In that sense MFF (and FTMO) should be the most expensive and incumbents should be the cheapest. The interesting thing is that MFFx is still an incumbent and is one of the most expensive props. Or, looking in a different perspective, MFF is the leader and is the cheaper of all around (maybe only losing to Finotive, I'm not sure)
Actually MyFunded is the same or cheaper than MFF for 50K 100K and 200K
Pride always comes before destruction.... -Proverbs 16:18
  • #15,909
  • May 22, 2023 11:50am May 22, 2023 11:50am
Quoting LehmanBrotha
their challenges have time limits If they offered no time limit then it could work like that. But if a prop firm believes I will continue trading a strategy with strict time constraints once I'm funded and have no further time limits, they must be crazy.
-Good point.
  • #15,910
  • May 22, 2023 12:11pm May 22, 2023 12:11pm
Quoting Nsak3y
{quote}-Thanks for sharing. I took a quick look at them this morning. Perhaps this could be another option to add to my list of potentials. A few things that I noticed: 1. Leverage for indices is 5:1. It's doable, but something that may be worth noting for traders here. 2. Prices are a littler higher, given that you must pay more for basic options that should probably already be included (just my opinion). Then there is this, in their T&C: "You are also prohibited from using any trading strategy that is expressly prohibited by Prime Intermarket...
Thanks for pointing it out. Good to know

As it seems "Prime Intermarket Group Eurasia LTD" is a name of the legal entity "operating as FXPIG"
whereas "Alchemy Prime Ltd is the payment agent for FXPIG. Both Alchemy Prime Ltd and FXPIG are part of the same group of companies under common ownership and operate independently of each other."

Both is stated at the bottom of the FXPig homepage
Money is made by sitting, not trading
  • #15,911
  • May 22, 2023 12:31pm May 22, 2023 12:31pm
Quoting navk
{quote} we should stick to : MFF, FTMO, TFF. Nothing more. 600k + 400 k + 400 k. Enough.
what about the5ers? they also have there own server
MY OPINION NOT FINANCIAL ADVISE
  • #15,912
  • May 22, 2023 12:32pm May 22, 2023 12:32pm
Quoting Cryptosurf
{quote} You could say that: https://www.forexfactory.com/thread/...8#post14394118
well, MFF would have compensated
Intraday only.
  • #15,913
  • May 22, 2023 12:39pm May 22, 2023 12:39pm
Quoting Vitore
Thanks for pointing it out. Good to know As it seems "Prime Intermarket Group Eurasia LTD" is a name of the legal entity "operating as FXPIG" whereas "Alchemy Prime Ltd is the payment agent for FXPIG. Both Alchemy Prime Ltd and FXPIG are part of the same group of companies under common ownership and operate independently of each other."
-Yeah, probably, it would be easy to quickly find out from their discord if FXPIG is any good, or at least how it compares to other brokers.
  • #15,914
  • May 22, 2023 12:40pm May 22, 2023 12:40pm
Quoting donfriday
{quote} what about the5ers? they also have there own server
the5ers looks good. People had discussed it here.

For me, the first target is MFF...6 X 100K
Intraday only.
  • #15,915
  • May 22, 2023 12:51pm May 22, 2023 12:51pm
Quoting LehmanBrotha
{quote} their challenges have time limits If they offered no time limit then it could work like that. But if a prop firm believes I will continue trading a strategy with strict time constraints once I'm funded and have no further time limits, they must be crazy.
Obviously! That's a rule made for or by someone that understands zero about trading.

Not only we can be much more conservatives without the time pressure, but we can also change strategy if market conditions change.

If this is to avoid scripts then they should mention that this is not applicable to manual trading.

The shady guys of BeSpoke also have this rule.
  • #15,916
  • May 22, 2023 12:52pm May 22, 2023 12:52pm
Quoting donfriday
{quote} what about the5ers? they also have there own server
Only 100K max capital, I think. That's the down part of it.
  • #15,917
  • Edited 1:42pm May 22, 2023 1:05pm | Edited 1:42pm
Quoting navk
well, MFF would have compensated
-Regarding TFF, this sort of blanket-protective clause is what the legal world might consider applicable to the Unfair Contract Terms Directive and/or my be deemed an unconscionable or abusive contract; whereas the contract terms are so severely one-sided and unfair, that the contract is deemed unenforceable under the law.

Whether or not such abusive terms could be leveraged as a way to get your fee-money back is another matter, but that's what credit cards are for. Certainly, such abusive practices may incur heavy regulatory penalties, which could be enough of a platform to negotiate from if someone were so inclined to try.

I cannot speak with certainty regarding European law, obviously, but I do know that many countries, including the U.S. and the European Union, have protective laws in place for this sort of thing.
  • #15,918
  • May 22, 2023 1:16pm May 22, 2023 1:16pm
Quoting navk
{quote} well, MFF would have compensated
In the same weekend E8 had a similar problem and we could see radical different posture. They assumed the mistake, apologized for that, worked around the clock to sort this out, kept updating Telegram group multiple times a day until they corrected all the mess.

I don't know if E8 will survive, if the CEO was a good trader or not, if he is good or bad manager, it doesn't matter. What I saw was, facing an identical problem, a completely different posture from these guys from TFF.

And in the past MFF also had problems and always addressed that.

TFF is paying, as far as I'm concerned, but if we ever need their ethics we will be screwed.
  • #15,919
  • May 22, 2023 1:18pm May 22, 2023 1:18pm
Quoting Nsak3y
{quote}-Regarding TFF, this sort of blanket-protective clause is what the legal world might consider applicable to the Unfair Contract Terms Directive and/or my be deemed an unconscionable or abusive contract; whereas the contract terms are so severely one-sided and unfair, that the contract is deemed unenforceable under the law. Whether or not such abusive terms could be leveraged as a way to get your fee-money back is another matter, but that's what credit cards are for. Certainly, such abusive practices may incur heavy regulatory penalties, which...
Yep, in most European countries you may write whatever absurd you want in a contract but, if that's contrary to law or abusive, courts can declare one or more clausules as invalid.
  • #15,920
  • May 22, 2023 1:18pm May 22, 2023 1:18pm
Quoting Capablanca
{quote} Only 100K max capital, I think. That's the down part of it.

I there scaling plan up to 4Million
MY OPINION NOT FINANCIAL ADVISE
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