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  • #16,001
  • May 24, 2023 3:35pm May 24, 2023 3:35pm
Quoting pipmaster77
{quote} 5????? MFF is 1.4 with no commish, even my live TFTP (eightcap) is 2.2 with no commish.

The spread shown on the screen is now 1.6 (maybe during the day 1.4 ).

When you trade the order is executed about 5 points above the shown current price of US30. When you close they take also some more points. So real spread is around 5 or more.
  • #16,002
  • May 24, 2023 3:46pm May 24, 2023 3:46pm
Quoting AaronPriest
{quote} I would hope it's more than IP alone. But even device ID or MAC address could be used by thousands of accounts on some of these shared VPS plans. It's why a dedicated or static IP is essential for some services like mail servers so you don't get caught up in spam filters due to the abuse of others on the same server; I'd say it's becoming essential for Forex trading too on VPS plans.
The MAC address can not be retrieved unless source and destination are in the same network segment, usually are not except in private networks.
The best we can get from HTTP is the IP address and the User-Agent.
  • #16,003
  • May 24, 2023 3:46pm May 24, 2023 3:46pm
Quoting Eren10
{quote} The spread shown on the screen is now 1.6 (maybe during the day 1.4 ). When you trade the order is executed about 5 points above the shown current price of US30. When you close they take also some more points. So real spread is around 5 or more.
How large of an order? I am never instantly down 5 points with any firm I use.
  • #16,004
  • May 24, 2023 3:49pm May 24, 2023 3:49pm
TFT been slipping peoples ass off for over a week now. Random slippage at random times. But its ok, 50% off 10k accounts.
  • #16,005
  • May 24, 2023 3:55pm May 24, 2023 3:55pm
Quoting Takisd
TFT been slipping peoples ass off for over a week now. Random slippage at random times. But its ok, 50% off 10k accounts.
They have understood.

But this is not the solution.

They should change eight cap in order to match with MFF.

If their intention is to scam people, they will not change eight cap.

EIGHTCAP BIG CRAP.
Intraday only.
  • #16,006
  • May 24, 2023 4:13pm May 24, 2023 4:13pm
i think it is the future of all prop firms who dont operate their own set up. Do we still even call them prop firms anymore? They are marketing companies.
  • #16,007
  • May 24, 2023 4:19pm May 24, 2023 4:19pm
Quoting navk
{quote} they have understood. But this is not the solution. They should change eight cap in order to match with mff. If their intention is to scam people, they will not change eight cap. Eightcap big crap.
i dont like eight crap prop firms


smartproptrader is selling 10k account now for 37$
MY OPINION NOT FINANCIAL ADVISE
  • #16,008
  • May 24, 2023 4:23pm May 24, 2023 4:23pm
Quoting Takisd
i think it is the future of all prop firms who dont operate their own set up. Do we still even call them prop firms anymore? They are marketing companies.
Own setup comes with a cost, Funding talent migrated to own server leads to disaster. I am having hard time understanding why it is difficult to migrate when they can pay literally thousands of dollars in payouts (look at their leaderboard) why to stick with crappy brokers like eightcap
  • #16,009
  • May 24, 2023 4:24pm May 24, 2023 4:24pm
Quoting donfriday
{quote} i dont like eight crap prop firms smartproptrader is selling 10k account now for 37$
There are many firms...trying to scam people and take money by any method.

If they understood long term is what is important like FTMO, MFF, The prop firms will offer fair/good trading conditions.

Having said, if their intention is to scam people, you can expect better than 8 cap.

We as traders should not fall into this trap.
Intraday only.
  • #16,010
  • May 24, 2023 4:25pm May 24, 2023 4:25pm
Quoting navk
{quote} They have understood. But this is not the solution. They should change eight cap in order to match with MFF. If their intention is to scam people, they will not change eight cap. EIGHTCAP BIG CRAP.
I think eightcap is not bad but they offer some configuration which allows prop firms to add slippage. I have traded with Blueberry markets which is essentially eightcap but their spread and execution is awesome.
  • #16,011
  • May 24, 2023 4:27pm May 24, 2023 4:27pm
Quoting sampat
{quote} I think eightcap is not bad but they offer some configuration which allows prop firms to add slippage. I have traded with Blueberry markets which is essentially eightcap but their spread and execution is awesome.
If that " configuration " is intended by prop firms, thay are scams.

TFT Is one such
Intraday only.
  • #16,012
  • May 24, 2023 4:40pm May 24, 2023 4:40pm
Quoting navk
{quote} If that " configuration " is intended by prop firms, thay are scams. TFT Is one such
It is casino model otherwise how one always gets slippage on stops, limit or market order. I have not seen any positive slippage on forex (i have seen on indices but it is common on indices as it moves fast)
  • #16,013
  • May 24, 2023 4:43pm May 24, 2023 4:43pm
slippage ..small is understandable.

Big ones are intended.

Have compared MFF with TFT.

No match for MFF in slippage terms.

So, why to invest and loose with TFT ?

They send atlest two to three emails for new promotions.

Every day new promotion ?

joke
Intraday only.
  • #16,014
  • May 24, 2023 4:47pm May 24, 2023 4:47pm
Quoting sampat
{quote} Own setup comes with a cost, Funding talent migrated to own server leads to disaster. I am having hard time understanding why it is difficult to migrate when they can pay literally thousands of dollars in payouts (look at their leaderboard) why to stick with crappy brokers like eightcap
Funding talent was a white label of cue bank's broker.

There is a difference between that and your own server.

Also, some of the eight crap customers are paying 15$ per user on the server, wayyyyyyyy more than a warehouse mt4 set up. like 100x +
  • #16,015
  • May 24, 2023 5:12pm May 24, 2023 5:12pm
Quoting pipmaster77
{quote} How large of an order? I am never instantly down 5 points with any firm I use.

Today I used 10 lots
  • #16,016
  • May 24, 2023 6:27pm May 24, 2023 6:27pm
Quoting Capablanca
{quote} Really ? I thought MAC address was unique for each device.
It is supposed to be, unless one is cloned or stolen. But I was referring to shared VPS where many virtual machines are behind one physical NIC, sharing the same IP and MAC address.
  • #16,017
  • May 24, 2023 6:34pm May 24, 2023 6:34pm
Quoting pipmaster77
why not just charge to have unlimited time?
-Yes, this seems reasonable. Objectively speaking, perhaps they could even charge a reasonable monthly fee (refundable after successful completion of challenge phases). This could help ensure that props can cover any costs on their end while also ensuring that traders remain motivated to finish.
  • #16,018
  • Edited 6:47pm May 24, 2023 6:34pm | Edited 6:47pm
Quoting Capablanca
From all the props now (maybe except FTMO and MFF) can anyone say who will be here, still paying, two years from now ?
-Maybe 5%er's, but their models have never been very appealing. Their bootcamp is a trap, in my opinion, that so many traders keep falling for. At one point, I was looking at their freestyle program, but I eventually decided that it was too restrictive. They dropped that program.

Traders With Edge might succeed for that long, especially if they can keep getting away with their higher pricing and non-refundable customizable options. I'm just guessing here.
  • #16,019
  • May 24, 2023 6:34pm May 24, 2023 6:34pm
Quoting AaronPriest
IP flagging alone is a terrible enforcement policy.
-Agreed. I think, it will really depend on what kind of data that they really have access to, though, and this may vary, depending on what is being used. We usually do not have the full story.

I also think that if they insist on prohibiting 3rd-party trading, and want to use a list of flagged IP's for banning people, then they will need to state that all VPS usage is prohibited and even require people to submit which IP's that they will use for trading beforehand etc.. Total mess, if you ask me.
  • #16,020
  • May 24, 2023 6:35pm May 24, 2023 6:35pm
Quoting AaronPriest
But even device ID or MAC address could be used by thousands of accounts on some of these shared VPS plans.
-This will depend on what sort of data is getting passed through by the VPS provider (I think).
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