Prop Firm Hub | Page 874 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #17,461
  • Jul 5, 2023 9:27am Jul 5, 2023 9:27am
Quoting pipmaster77
{quote} Did you correspond with them explaining that when you signed up it was 21 days, although now it is 14 days? I am pretty sure they would honor what you signed up for. I only ask as you could be jeopardizing all of our future income(s) over $95. Why on earth do we want attention from regulators?
It's the principle. This seems like an intentional action on their part to terminate accounts.

As far as "attention from regulators", they can't do much in the short term so your income should be just fine.

If I were a US trader I would be more concerned with the taxes due from any profits.
Mark ... Everything you have been told is a LIE
  • #17,462
  • Jul 5, 2023 9:32am Jul 5, 2023 9:32am
Done this account, phase 2 today.

It took 4 days.

Tomorrow, I need to trade micro lot to earn funded account.
Attached Image (click to enlarge)
Click to Enlarge Name: book.png Size: 46 KB
Intraday only.
  • #17,463
  • Jul 5, 2023 9:37am Jul 5, 2023 9:37am
Quoting spzd
{quote} It's the principle. This seems like an intentional action on their part to terminate accounts. As far as "attention from regulators", they can't do much in the short term so your income should be just fine. If I were a US trader I would be more concerned with the taxes due from any profits.
I've been trading with non-US brokers since 2014 and props since 2020, taxes are the least of my worries, I pay plenty of them. One of the reasons I've even started trading futures recently is due to the tax benefits. Definitely more concerned about my income coming to a halt.
  • #17,464
  • Jul 5, 2023 9:40am Jul 5, 2023 9:40am
Quoting pipmaster77
{quote} I've been trading with non-US brokers since 2014 and props since 2020, taxes are the least of my worries, I pay plenty of them. One of the reasons I've even started trading futures recently is due to the tax benefits. Definitely more concerned about my income coming to a halt.
Futures is the way to go. The downside with futures for most is 10+% draw down that most traders want would put a serious hurt on an account.

Best of luck.
Mark ... Everything you have been told is a LIE
  • #17,465
  • Jul 5, 2023 10:18am Jul 5, 2023 10:18am
Quoting spzd
Was doing the 5ers bootcamp. Had some other things going on so did not trade for a couple of weeks. Inactivity for 21 days was supposed to be the expiration. They just sent an expiration notice after 14 days. My reply was not nice.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 27 KB
  • #17,466
  • Jul 5, 2023 10:20am Jul 5, 2023 10:20am
Quoting spzd
{quote} Futures is the way to go. The downside with futures for most is 10+% draw down that most traders want would put a serious hurt on an account. Best of luck.
I only trade DOW and NAS on the futures account. All intraday, done by 11-12 eastern.
  • #17,467
  • Jul 5, 2023 10:26am Jul 5, 2023 10:26am
saw 5ers on twitter doing giveaways now.

That company has changed..
  • #17,468
  • Jul 5, 2023 10:46am Jul 5, 2023 10:46am
Quoting MwlRCT
{quote} {image}
He's trading bootcamp, not high stakes. He also signed up when it was 21 days, not 14.
  • #17,469
  • Jul 5, 2023 11:15am Jul 5, 2023 11:15am
Quoting Takisd
saw 5ers on twitter doing giveaways now. That company has changed..
They had to. Nobody likes instant funding with DD equal to or less than the fee paid.
  • #17,470
  • Jul 5, 2023 11:17am Jul 5, 2023 11:17am
Quoting pipmaster77
{quote} They had to. Nobody likes instant funding with DD equal to or less than the fee paid.
I dont think they had to resort to twitter rubbish. It really is the beginning of the end.
  • #17,471
  • Jul 5, 2023 11:31am Jul 5, 2023 11:31am
Quoting pipmaster77
{quote} He's trading bootcamp, not high stakes. He also signed up when it was 21 days, not 14.
The5ers announced unlimited time on the "Prop Firms Reviews" Telegram group. I asked, "Is the inactivity rules 14 days or 21 days? There is conflicting info on your website. I assume it's changed to 14 days for all programs now and the terms and conditions haven't been updated yet?"

They just gave a heart emoji to the comment, but never answered. So my assumption is that means the terms and conditions haven't been updated yet on their website and they didn't notice. Ethically, they SHOULD honor the terms you had WHEN you signed up. I hope they do for those that inquire. They SHOULD be proactive about that and not cut people off before the date they changed the terms though, send out an email notification or something, you shouldn't have to confront them on that.
  • #17,472
  • Jul 5, 2023 12:33pm Jul 5, 2023 12:33pm
Can some of you 8cap haters qualify you claims by showng some proof? I find them great. No complaints whatsoever.
  • #17,473
  • Jul 5, 2023 12:52pm Jul 5, 2023 12:52pm
Quoting OutThere
Can some of you 8cap haters qualify you claims by showng some proof? I find them great. No complaints whatsoever.
I will register for a new one just for you on monday after I am back from london and journal my fun. But which to choose? You suggest.

also i believe NavK already proved it in this thread.
  • #17,474
  • Jul 5, 2023 1:06pm Jul 5, 2023 1:06pm
Quoting spzd
Was doing the 5ers bootcamp. Had some other things going on so did not trade for a couple of weeks. Inactivity for 21 days was supposed to be the expiration. They just sent an expiration notice after 14 days. My reply was not nice.
you didnt check the rules?

bootcamp and highstake is 14 days inactive now

all account is unlimited
MY OPINION NOT FINANCIAL ADVISE
  • #17,475
  • Jul 5, 2023 1:30pm Jul 5, 2023 1:30pm
Quoting spzd
It's the principle.
-I can understand reporting them here and in other trader groups, blacklisting them, leaving them a scathing review etc., but reporting them to US regulatory groups is just stupid and selfish.

As traders, we should understand and accept the risks that we take on when trading with these firms. The opportunity that has been afforded to us is unlike any that we have ever seen in the history of trading. You either accept that you could get scammed and mitigate that risk accordingly, or, you move on and do something else.

Sorry to be so harsh, but it really bothers me to see that you did this over $95.
  • #17,476
  • Jul 5, 2023 1:30pm Jul 5, 2023 1:30pm
Quoting pipmaster77
Did you correspond with them explaining that when you signed up it was 21 days, although now it is 14 days? I am pretty sure they would honor what you signed up for. I only ask as you could be jeopardizing all of our future income(s) over $95. Why on earth do we want attention from regulators?
-Completely agree.
  • #17,477
  • Jul 5, 2023 1:30pm Jul 5, 2023 1:30pm
Quoting juri93
You think MFFX is not legit? I am really hoping they are legit..
-All remote prop firms are using some sort of fee structure to support their business in some capacity, so having a secondary firm can help to serve as insurance for the parent firm if an influx of capital is needed on quick notice.

I do not know of any firm that allocates profits for the sole purpose of building an insurance fund for such purposes. Maybe it is happening at some firms, but I am not currently aware of any.
  • #17,478
  • Jul 5, 2023 2:04pm Jul 5, 2023 2:04pm
Quoting Takisd
{quote} I will register for a new one just for you on monday after I am back from london and journal my fun. But which to choose? You suggest. also i believe NavK already proved it in this thread.
Great. Take out a 100K account.
What is your style? Scalping huge lots for a couple of pips like most tha complain about not getting filled or getting slipped or something else decent?
  • #17,479
  • Jul 5, 2023 2:04pm Jul 5, 2023 2:04pm
8 cap as individual broker feed may be good.

I never traded with them so I am not sure

My opinion is TFTP does simulate the feed received from 8 cap in such a way that the traders fail.

I had 100 k funded account and 100 k phase 2 account with them... both violated daily loss limits. The slippage in GBPUSD was 48 pips that time.

Had fights with TFTP and abandoned them since then.

TFTP is bad firm. Scam.

Never loose money in this firm.

A good firm will not give promotions... TFTP on daily basis sending email promotions..
Intraday only.
  • #17,480
  • Jul 5, 2023 2:06pm Jul 5, 2023 2:06pm
Quoting OutThere
{quote} Great. Take out a 100K account. What is your style? Scalping huge lots for a couple of pips like most tha complain about not getting filled or getting slipped or something else decent?
No sir, I have a brain sometimes.

Give me a firm you want me to do it at. I might fail but i will grab some nice random slippage screenshots in the process for you. I will accept any 8cap company other than myfundedfx cos i dont want to give my money to a troglodyte.
78 traders viewing now