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  • #16,861
  • Jun 21, 2023 12:56pm Jun 21, 2023 12:56pm
Quoting Capablanca
{quote} Payout problems are the obvious one. Unwritten rules like the request for interviews in Funded Next or when TPT started not paying 3K in account A because account B was -4K or Finotive allowing to purchase challenges and then not granting funded based on past losses (that were already known) or TFF not rectifying their system mistakes or unclear rules like grid / martingale in BeSpoke. Constant change of rules like Funding Talent or excuses that we don't like your trading style. Another good thing is to see how their CEO or representatives...
do you recommend finotive or should stay away? so after FTMO, MFF and E8 what props are safer?
  • #16,862
  • Jun 21, 2023 1:23pm Jun 21, 2023 1:23pm
Quoting Takisd
from my side, the louder they are the more desperate they are.
-That sounds about right. Sometimes, they are loud because they are trying to grow. When they are loud and also hearing rumors about payout denials and other problems, then that mix is not good.

I see these firms like waves that will come and go. Some are bigger than others. Ride them while you can.
  • #16,863
  • Jun 21, 2023 1:27pm Jun 21, 2023 1:27pm
Quoting Vibezinho
{quote} do you recommend finotive or should stay away? so after FTMO, MFF and E8 what props are safer?
I have no problem with Finotive if you have not boosted any account previously and you do not have a strategy of all in/all or nothing. After boosting one account I would be cautious, depending how you boosted it (how fast, ratio of winners losers, lot size, etc.).

Provided that you follow all their annoying rules (50% DD in a single instrument and SL in 60 seconds).

A tip if you go for Finotive that I only read recently: if you think you messed up with a SL in 60 seconds or miscalculated anything, they do reset your account for free, as many times as you want, provided that profits are above zero. No matter if you are in phase 1 or phase 2, you will restart where you were.
  • #16,864
  • Jun 21, 2023 1:48pm Jun 21, 2023 1:48pm
Matt (MFFX) left the prop firm telegram group this morning. He even said he no longer wants to be recommended there.

Dylan (E8) confirmed that he had decided not to share the data with other companies. It is a responsible and professional decision
  • #16,865
  • Jun 21, 2023 2:06pm Jun 21, 2023 2:06pm
Perhaps trading data can be shared without sharing personal information.

I can only speculate on this, but I would assume that most traders would want something to be done to stop people from cheating and abusing the model.
  • #16,866
  • Jun 21, 2023 2:07pm Jun 21, 2023 2:07pm
Quoting Capablanca
{quote} Payout problems are the obvious one. Unwritten rules like the request for interviews in Funded Next or when TPT started not paying 3K in account A because account B was -4K or Finotive allowing to purchase challenges and then not granting funded based on past losses (that were already known) or TFF not rectifying their system mistakes or unclear rules like grid / martingale in BeSpoke. Constant change of rules like Funding Talent or excuses that we don't like your trading style. Another good thing is to see how their CEO or representatives...

A huge circus today again in the telegram group, todays clown is Bespoke. They again out of thin air accusing trader of cheating without providing evidence.


Buyers beware...
  • #16,867
  • Jun 21, 2023 2:51pm Jun 21, 2023 2:51pm
I think “talks shit about other prop firms” should go on our list also. How professional, get up on your blow horn and shit on companies.

Eliminating a lot now. Finotive started awful, when I tested them they sucked so bad. I understand they made some changes but first impressions and all
  • #16,868
  • Jun 21, 2023 2:59pm Jun 21, 2023 2:59pm
Quoting OranJuice
{quote} A huge circus today again in the telegram group, todays clown is Bespoke. They again out of thin air accusing trader of cheating without providing evidence. Buyers beware...

just 2 days ago I was advising pal to avoid Bespoke because I thought their CEO looks like a kid on roids
  • #16,869
  • Edited 4:07pm Jun 21, 2023 3:21pm | Edited 4:07pm
Based on everything presenting itslef over the past several weeks/months......I think we can all agree FTMO and MFF continue to be in a class by themselves. I also use TFF and TFTP, but in light of recent developments, I will trade what I have there and not add anymore. E8 is starting to seem like a decent option and the 5%ers are about a solid as it gets. Now that they have an actual model that offers value to the trader. I posted this from their site yesterday, seems like they have all of their bases covered. I am assuming MFF and FTMO do as well. Highly unlikely ANY of the out of the box 8crap offerings have anything remotely close to this in place:

The5ers is aware of the regulatory requirements in the US, and it operates by a restrictive legal advisory to fully fulfill the US law and regulatory requirements. The full document will be provided to any official enforcement organization of the US authorities by official and authorized requests to [email protected].
  • #16,870
  • Jun 21, 2023 5:39pm Jun 21, 2023 5:39pm
guys i have mff account..now i want try other companies..
who is better..fundednext or myfundedfx..
thanks
  • #16,871
  • Jun 21, 2023 5:55pm Jun 21, 2023 5:55pm
Quoting voeltoez
guys i have mff account..now i want try other companies.. who is better..fundednext or myfundedfx.. thanks
Use e8 if you don’t want ftmo.
  • #16,872
  • Edited 6:19pm Jun 21, 2023 6:02pm | Edited 6:19pm
I don't know how the traders that like a 30 day limit and enjoying it so much, can make 8 or 10% required in this slow month of June.
  • #16,873
  • Jun 21, 2023 6:52pm Jun 21, 2023 6:52pm
Quoting voeltoez
guys i have mff account..now i want try other companies.. who is better..fundednext or myfundedfx.. thanks
Go with Fundednext, as it will make this ongoing discussion interesting with your input.
  • #16,874
  • Jun 21, 2023 8:01pm Jun 21, 2023 8:01pm
Quoting pipmaster77
Based on everything presenting itslef over the past several weeks/months......I think we can all agree FTMO and MFF continue to be in a class by themselves. I also use TFF and TFTP, but in light of recent developments, I will trade what I have there and not add anymore. E8 is starting to seem like a decent option and the 5%ers are about a solid as it gets. Now that they have an actual model that offers value to the trader. I posted this from their site yesterday, seems like they have all of their bases covered. I am assuming MFF and FTMO...
5%ers have good spre.ds and I used to be a supporter of their model. But. But they have changed their instant model which is very expensive now. The constant changing is dumb. Who want's a 10k account for the same price as a 25k account elsewhere? How do they payout over 50% in split if they have real funds exposed to a trader? 100% at 4 million? That's 4 big ones at 100% to the trader, who can fund that? Big business gives money like that? Just does not seem logical. So is money free now interest rates are going up all over the place? As a business wouldn't it be more prudent to take more of the profit and want the trader to do well to keep that realtionship going? Big business usually has a cost to obtain funds. Are traders just fly by night get a quick hit take money and run? Or is the level completion quite hard after 1 or two level ups, higher account harder to trade gambling behaviour coming in from confidence etc? Will anyone get to 4million? Yes or no doesn't matter.
  • #16,875
  • Jun 21, 2023 8:21pm Jun 21, 2023 8:21pm
Quoting OutThere
{quote} Really good questions but been answered before. To sum it all up in one answer in form of a question: As long as they pay, who care?
Perhaps until they don't and probably not those who think money is free.
  • #16,876
  • Jun 21, 2023 8:25pm Jun 21, 2023 8:25pm
Quoting OutThere
I don't know how the traders that like a 30 day limit and enjoying it so much, can make 8 or 10% required in this slow month of June.
Funny how I am getting offers of late (May and June) for reduced fees for signals, courses etc from traders that are educaters as well. Real trading is tough at the moment.

Yes the 30 day limit would be a hard one if volatility is required for that one home run style.
  • #16,877
  • Jun 21, 2023 8:31pm Jun 21, 2023 8:31pm
Quoting inversio
{quote} prop firms main earnings are from challenge fee, even on unlimited time challenges ppl breach dd caps. if u check firms data 4-5% trader get paid means more than 90% are failed also form those 5% only half or less stay for a year. and I believe prop firm has their own team who take care of dd breached accounts to get BE.
Perhaps the failure rate is higher than normal FX accounts. Don't know but the lure of more funds - demo or real - with time limits or not could be enough to trigger the gambler within us all to 'have a go'.
  • #16,878
  • Jun 21, 2023 8:33pm Jun 21, 2023 8:33pm
Quoting FocusWinReal
{quote} Will anyone get to 4million? Yes or no doesn't matter.
5ers was founded in 2016 with instant model. I can safely bet that no one gets to 1.28 million. Even 160K is very hard to reach.
  • #16,879
  • Edited 9:07pm Jun 21, 2023 8:46pm | Edited 9:07pm
Quoting FocusWinReal
But they have changed their instant model which is very expensive now. The constant changing is dumb. Who want's a 10k account for the same price as a 25k account elsewhere? How do they payout over 50% in split if they have real funds exposed to a trader?
-The instant funding model is mostly risk-free for firms. All they need to do is match your buy-in in most cases. They can put anyone on a real account this way because their capital will be protected by margin stop/dd allowance (i.e. your buy-in money is serving as the bulk of the draw-down).

Quoting FocusWinReal
100% at 4 million? That's 4 big ones at 100% to the trader, who can fund that? Big business gives money like that? Just does not seem logical.
-Practically no one will ever reach that level, and they know it. In order to reach that level, you would need to flip an account how many times? 10? I'm not sure. But if you can flip an account that many times in an row without going bust, then you can easily become a millionaire without trading for any prop firm.

Anyone that actually does reach that level would be A-book anyway, so any profits paid out would actually come from market, and not from 5%er's. If you are put on live from level-1, then all of the profits that you split with them can go into a pool to fund your draw-down at the upper levels (presumably). If you go bust, they can just pocket what's left in the pool. It's mostly a no-lose situation for firms, depending on how things are structured.

I could be wrong, but this is my understanding of it. 5%er's instant might be a bit different, but even if they are taking on more risk compared to other firms, you are still having to prove yourself many times over, so maybe it's not really so much risk.
  • #16,880
  • Jun 21, 2023 8:57pm Jun 21, 2023 8:57pm
Quoting FocusWinReal
{quote} if volatility is required for that one home run style.
Wish I could do one home run style...hut nah.
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