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Anyone trading with a Prop firm 31 replies

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  • #15,941
  • May 22, 2023 6:05pm May 22, 2023 6:05pm
Quoting Nehemah
You were talking about E8 earlier, here are some news : " We are excited to bring you some great news about recent updates and improvements to our platform. We are thrilled to announce that we have successfully migrated to our new MetaTrader 5 (MT5) server. This move represents our continual commitment to deliver the most reliable and robust trading experiences to our esteemed clients like you. As a result of this migration, we have already observed significant improvements in the speed and accessibility of our platform. It is heartening to see...
$250K account (extended) with 10% DD 8% target for $840. If you do not mind MT5. $25K max loss for $840 makes this the best deal around currently.
  • #15,942
  • May 22, 2023 8:55pm May 22, 2023 8:55pm
Quoting pipmaster77
{quote} $250K account (extended) with 10% DD 8% target for $840. If you do not mind MT5. $25K max loss for $840 makes this the best deal around currently.
Only if you trade forex otherwise indices are twice the spreads of normal brokers plus slippage plus commissions....
  • #15,943
  • May 22, 2023 10:24pm May 22, 2023 10:24pm
Quoting Cryptosurf
That was my 6 month old, 200k funded account.
-I'm really sorry that this happened to you. The way that you have handled it really shows your experience.

I was hoping that it was an anonymous share, not only because I do not want to see anyone here get screwed over, but because a part of me was hoping that it was a possible sabotage attempt.

However, coming from you, this leaves no doubt for me.

Thanks.
  • #15,944
  • May 22, 2023 11:05pm May 22, 2023 11:05pm
Quoting Vitore
First payout of FXIFY{image}
Congrats. First time I've heard of this firm
Pride always comes before destruction.... -Proverbs 16:18
  • #15,945
  • May 23, 2023 9:26am May 23, 2023 9:26am
Quoting Nsak3y
{quote}-I'm really sorry that this happened to you. The way that you have handled it really shows your experience. I was hoping that it was an anonymous share, not only because I do not want to see anyone here get screwed over, but because a part of me was hoping that it was a possible sabotage attempt. However, coming from you, this leaves no doubt for me. Thanks.
I was surprised at the position they took. It was around the same time E8 had a clusterfuq of problems, yet they were bending over backwards to rectify. TFF couldn’t care less. No matter what issues they have, (that results in client loss) they will not rectify.

I’m sticking with FTMO, MFF and self funded AMP futures account. Regardless if all these prop firms go belly up, I still have my own account and passive investments. Honesty don’t see myself actively trading within the next 5 years as it is.
Trade with confidence, trade without fear.
  • #15,946
  • May 23, 2023 10:15am May 23, 2023 10:15am
Quoting Cryptosurf
{quote} I was surprised at the position they took. It was around the same time E8 had a clusterfuq of problems, yet they were bending over backwards to rectify. TFF couldn’t care less. No matter what issues they have, (that results in client loss) they will not rectify. I’m sticking with FTMO, MFF and self funded AMP futures account. Regardless if all these prop firms go belly up, I still have my own account and passive investments. Honesty don’t see myself actively trading within the next 5 years as it is.
Thanks for the info. I have never traded futures, just open AMP account and will give it a try...
  • #15,947
  • May 23, 2023 10:26am May 23, 2023 10:26am
Quoting Boulder
{quote} Thanks for the info. I have never traded futures, just open AMP account and will give it a try...
Futures trading comes at a cost, commissions, margin requirements, etc., but you keep 100% profit. It’s an acceptable trade off, just be aware of what you’re doing.

It’s no joke, there’s been many who led themselves to extreme financial ruin when they blew up their account. There are no safeguards in place (auto stops, etc) like with CFD brokers. You put yourself in a hole, they will come after you to pay.
Trade with confidence, trade without fear.
  • #15,948
  • May 23, 2023 10:43am May 23, 2023 10:43am
Blue Guardian in Telegram. A guy claiming not being paid. Email received: (payout was 20K)

Dear Ahmad Izzuddin Sulaiman,
We are writing to provide you with an important update regarding your trading account with Blue Guardian. After a comprehensive investigation into various suspicious activities associated with your account, we have reached a final decision following a thorough discussion among our management team.

Another key concern identified during the investigation was the presence of multiple IP addresses associated with your trading account, as mentioned in the previous email. This raised suspicions and prompted us to conduct a detailed analysis of your trading activities and account history. We take such matters very seriously, as maintaining a secure and compliant trading environment is of utmost importance to us.

Upon reviewing the evidence provided, we observed that the IP address you provided does not match with the IP log recorded in our system. Additionally, the evidence presented showed the usage of multiple different IP addresses associated with your account over a very short period. These findings further reinforced our concerns regarding the integrity of your trading activities. (see attachment below)


After carefully reviewing the evidence provided and considering all relevant factors, we have made the following decision:
Account Suspension: Effective immediately, your trading account will be suspended. This suspension is necessary to protect the integrity of our trading platform and ensure compliance with our terms and conditions.
Refund: We understand the importance of resolving any financial concerns that may arise as a result of this decision. Therefore, we will refund the fees associated with your trading account. The refund will be processed via your preferred payment method. To initiate the refund, we kindly request you to provide us with the necessary details, including your preferred payment method, account details, and any additional information required.

We understand that this outcome may be disappointing for you, but we want to assure you that our decision was reached after careful consideration of the evidence and in accordance with our established policies.

Thank you for your cooperation.

------------
The CEO replied in the group:

Here is a screenshot of your account on our backend. I have blurred out your personal information but as you can see theres a list of 85 different ip addresses your account was logged in from. A lot of these ip addresses are flagged aswell to have other traders on them + suspicious. Our team has offered you a solution in private so please so not try to come to a public group and defame us.

Attached Image (click to enlarge)
Click to Enlarge Name: Blue.jpg Size: 46 KB


---------
And further added:
There were 85 different ip addresses, which many were flagged for miss-use from other traders.
---------------
Maybe there is some misuse with other traders, who knows, but if someone trades from mobile phone, out of home, doesn't he get a different IP every time ? I'm asking because I don't know about these tech details.
  • #15,949
  • May 23, 2023 10:55am May 23, 2023 10:55am
Quoting Capablanca
Maybe there is some misuse with other traders, who knows, but if someone trades from mobile phone, out of home, doesn't he get a different IP every time ? I'm asking because I don't know about these tech details.
Yes, you will often get a different IP on a mobile device as you roam, and it could be the same IP another trader possibly used if it was a large enough population zone like a large city, although it shouldn't be at the same time of course. If they are seeing multiple people trading from the same IP at the same time on multiple accounts that could raise a flag.

However, you could use a cheap VPS that shares an IP with other users on the same server. Dedicated servers usually don't have this problem because they have static IPs. And I often use a VPN to encrypt traffic when traveling and using public WiFi hotspots; that also could share an IP with multiple users at the same time.

I don't think an IP address alone is sufficient evidence for those reasons, but it could be combined with a lot of other things they flag as suspicious.
  • #15,950
  • May 23, 2023 10:58am May 23, 2023 10:58am
Quoting Capablanca
but if someone trades from mobile phone, out of home, doesn't he get a different IP every time ? I'm asking because I don't know about these tech details.
-Having a few, different IP's getting logged is normal, but not 85. I would find that highly suspicious.
  • #15,951
  • May 23, 2023 11:09am May 23, 2023 11:09am
There could be a valid explanation for it. I just cannot imagine that it would be necessary, though, so I have to assume that it is the side-effect of something. Does not necessarily mean that he is innocent, though. You cannot really discern that with IP, alone, in most cases.
  • #15,952
  • May 23, 2023 11:10am May 23, 2023 11:10am
Quoting Capablanca
Blue Guardian in Telegram. A guy claiming not being paid. Email received: (payout was 20K) Dear Ahmad Izzuddin Sulaiman, We are writing to provide you with an important update regarding your trading account with Blue Guardian. After a comprehensive investigation into various suspicious activities associated with your account, we have reached a final decision following a thorough discussion among our management team. Another key concern identified during the investigation was the presence of multiple IP addresses associated with your trading account,...
Most users trade from various IP addressed when using mobile phones so prop firms *usually* combine unique IP address with the specific device IDs. Of course you can use various devices, reasonably you might expect up to 5 maybe? IDK. But I 'd assume when they found 85 different IP addresses they also found multiple device IDs. Strange they didn't mentioned it. If there were similar amount of various IDs as well then there's hardly a reasonable explanation
Money is made by sitting, not trading
  • #15,953
  • May 23, 2023 11:19am May 23, 2023 11:19am
Quoting Vitore
But I 'd assume when they found 85 different IP addresses they also found multiple device IDs. Strange they didn't mentioned it.
-That was my thought, as well. I am not sure what they log, but if there were different mac addresses, then that should have been mentioned.

Quoting Vitore
If there were similar amount of various IDs as well then there's hardly a reasonable explanation
-He would have to be trading from an internet cafe that uses a dynamic IP address or something similar. It just does not seem very probable, though.
  • #15,954
  • May 23, 2023 11:25am May 23, 2023 11:25am
Update from the guy with the Blue Guardian case:

Ok little update, @blueguardiansean has cleared everything up and did the checking. They account was reinstated

The tech team told me it was a technical issue with my phone data thats showing it up as multiple ip addresses
---
Then the CEO said this:

Glad it was solved, but its not like we made the issue up, having an account that logged into with 85 different ip addresses will always flag on any prop firms system, this was the first case of us seeing this.


I'm not sure if they really checked anything or if they were afraid because the Telegram group was in complete turmoil. Anyway the guy was banned from discord initially and only got a positive response when he went to Telegram group and made a fuss of it.

I already said before that I was paid by Blue (+ refunded fee) but I have some bad vibes. Don't like the posture of their CEO in the group.
  • #15,955
  • May 23, 2023 11:40am May 23, 2023 11:40am
Quoting Capablanca
Don't like the posture of their CEO in the group.
-I see this a lot in this space. It is because the people that are running these firms take things personally instead of acting like professionals. This is the result of having little-to-no business experience. Anyone can start a prop firm these days.
  • #15,956
  • May 23, 2023 11:57am May 23, 2023 11:57am
Quoting Nsak3y
{quote}-I see this a lot in this space. It is because the people that are running these firms take things personally instead of acting like professionals. This is the result of having little-to-no business experience. Anyone can start a prop firm these days.
I agree. Wrong mentality.

What I see in the group is very good behavior from E8 and MFFx CEOs. They may be bad traders, they may be ful of BS, their companies may be bad, I don't know, but on behavior they are pretty good. Same for MFF in Discord.
On the other side Angelo from TFT is quite arrogant, Blue CEO is very aggressive and Bespoke CEO is a complete joke.

These are the ones I've been following more.

(and then we have the black boxes that we don't know at all like TFF )
  • #15,957
  • May 23, 2023 12:15pm May 23, 2023 12:15pm
Quoting Capablanca
{quote} I agree. Wrong mentality. What I see in the group is very good behavior from E8 and MFFx CEOs. They may be bad traders, they may be ful of BS, their companies may be bad, I don't know, but on behavior they are pretty good. Same for MFF in Discord. On the other side Angelo from TFT is quite arrogant, Blue CEO is very aggressive and Bespoke CEO is a complete joke. These are the ones I've been following more. (and then we have the black boxes that we don't know at all like TFF )
MFFX CEO is a clout chaser on twitter. He says awful things about competitors but all he does is operate a marketing company.
  • #15,958
  • May 23, 2023 12:32pm May 23, 2023 12:32pm
Quoting Takisd
{quote} MFFX CEO is a clout chaser on twitter. He says awful things about competitors but all he does is operate a marketing company.
Takisd, by reading your posts, I can tell you don't like MFFX and their CEO. I can understand, he is in 20s ( 26 years old if I remember) , maybe that generation has some kind attitude that we may not like .
Have you tried their platform though? If you go through the process from taking challenge to getting final payment, it may change your mind.
  • #15,959
  • May 23, 2023 12:42pm May 23, 2023 12:42pm
Quoting Capablanca
I agree. Wrong mentality. What I see in the group is very good behavior from E8 and MFFx CEOs. ... Same for MFF in Discord. On the other side Angelo from TFT is quite arrogant, Blue CEO is very aggressive and Bespoke CEO is a complete joke. These are the ones I've been following more. (and then we have the black boxes that we don't know at all like TFF )
-MFF discord was toilet for a long time. They had one support guy, in particular, that was argumentative and negative about everything. A lot of these firms would hire their friends, it seemed like, or other traders that they knew, to work support, which oftentimes created a climate where any suggestions that were different from what was currently being offered, or any constructive criticism whatsoever, would be quickly attacked and rebuked with a gang-like mentality.

What little bit that we saw from MFF founder seemed professional, but that's probably because he didn't really engage directly with his client base. I spoke with him in private a few times, but things have probably changed now. Oftentimes, once a company grows, the founder(s) dip behind the curtain and become mostly unreachable, so you are left dealing with their minions. His sidekick and tech guru, Josh, has always been business-casual, from what I can tell.

TFF founder was really active when they first started, especially when their firm received a lot of flak for terminating a trader's account for closing trades too quickly. They were trying to require something like 30-seconds as a minimum, if I recall correctly. I think someone mentioned something recently about his active PR efforts relating to some new issue, but I cannot remember the details. But he was actively replying and commenting directly on Facebook.

E8 (Dylan or something?) posted here on FF, sharing his life story, basically, and talking about how he was a failed trader that is now starting a prop firm.

The guys at TFTP/Ment or any of Blake Olsen's other ventures are all ran by kids, as far as I can tell. TFTP did NOT take kindly to my inquiries when they first started out. Very much a gang of fanboys in their discord at the time. Ment founder is a tool that should not be talking to customers at all.

I do not know much about MFFX, other than the guy looks very young. He seems to have another company that sells trading view indicators. Company registration is based in Texas with an address that appears to be an apartment.

FTMO has always been mostly professional in my experience.

There are probably others, but I am too tired to think about it.

But it is more about the service that they provide that is the most important.

EDIT: Forgot to mention Jessica, but that is self-explanatory.
  • #15,960
  • May 23, 2023 12:43pm May 23, 2023 12:43pm
Quoting Takisd
{quote} MFFX CEO is a clout chaser on twitter. He says awful things about competitors but all he does is operate a marketing company.
Uau, really ?! I don't follow any of these characters in twitter. I just described what I see in telegram group and there he is quite straight and professional (maybe because he knows he is sharing the same space with competition, who knows).

Glad to know, anyway.
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