Prop Firm Hub | Page 947 | 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

  • #18,921
  • Aug 24, 2023 2:26am Aug 24, 2023 2:26am
Quoting navk
I advise people here not to waste time with myfudedfx. Sign up with MFF, FTMO, TFF in this order.
By TFF you mean "True Forex Funds" ? "The Forex Funder" now shares the same abbreviation TFF.
  • #18,922
  • Aug 24, 2023 2:37am Aug 24, 2023 2:37am
Quoting Capablanca
I think MFFx handled this very poorly. 1. They sent 8cap credentials 2. navk asked to swap it to think markets 3. They said they were processing. Then there was no more reply from them and they simply violated the 8cap account and returned the fee It's no way of handling the situation. I believe that Matt would have handled this differently if navk went to a telegram group and exposed the case. PS To me this sounds more of an horrible customer service handling...
They don’t change the broker you started trading first. Maybe it has to do with fees they have to pay or they want to keep the trading data at one broker.
  • #18,923
  • Aug 24, 2023 2:52am Aug 24, 2023 2:52am
navkk why you are so angry with 8cap? what's wrong with 8cap?
you can put any huge big lot on 8cap there is no cap limit on it. then what's that you don't like with 8cap?
i know nothing about any 8cap, thinkmarkets, blueberry, true proprietary.. i know nothing
  • #18,924
  • Aug 24, 2023 3:54am Aug 24, 2023 3:54am
Quoting Takisd
{quote} The problem is most traders lose, but when they win they win way more than the reward and if you are big enough, you cant just b-book the traders and A book is a losing strategy so what do you do? The FPFX company who offers the out of the box solution for prop firms has developed systems to increase banning of traders thats their solution to the order flow problem, to increase the losing traders. If someone uses eightcap, thinkmarkets, purple trading and now avatrade, they are using that system....
I believe 8cap, ThinkMarkets use the box, don't know about AvaTrade.
However, I used to trade with PurpleTrading and they used to be a good broker in the time I traded with them. I also know a few decent people from this company but not well enough to trust them regarding facts about using the box solution for prop firms that you mention. Are you sure they use it as well? Some props (TFTP included) are going to use them and I hoped Purple could be a good option
Money is made by sitting, not trading
  • #18,925
  • Edited 4:47am Aug 24, 2023 4:34am | Edited 4:47am
Quoting genuine007
navkk why you are so angry with 8cap? what's wrong with 8cap? you can put any huge big lot on 8cap there is no cap limit on it. then what's that you don't like with 8cap? i know nothing about any 8cap, thinkmarkets, blueberry, true proprietary.. i know nothing
Hi,

You are new.

I have no hate story against 8 cap.

In this particular case ( my fundedfx ), either the firm banned 8 cap or 8 cap banned myfundedfx.

In this scenario, I felt 8 cap service to myfundedfx may not be that good.

And I always believe that only the firms manipulate the feed.

However in my case, the FIRM FUNDEDFX is dishonest.

I do not want to call them any more scam because they refunded the fee to me and just few hours ago the money got credited.

Due to in- effiecient / dishonest approach of my fundefx, I ban myfundedfx hence forth.

That is it.

World is big. I have honest firms in my list. MFF, FTMO come in this category.

It is worth to mention MFF here.

I have been trading with MFF for last more than 2 yrs.

Once server issue happened. My trades could not be closed. I lost phase 1.

Yavuz and Josh intervened in that matter. Yavuz told me Josh knew me thro forexfactory and asked Yavuz to investigate the matter in my favor.

Yavuz promptly did that and MFF straight away promoted me to phase 2 by accepting server issues and appologizing for the same. This happened almost 12 to 14 months ago.

It was a success story for me since then with MFF. The firm MFF have been honest and i wish every firm just behaves in that manner in order to succeed like them.

Not like the way myfundedfx did to me. They are dishonest.
Intraday only.
  • #18,926
  • Aug 24, 2023 4:53am Aug 24, 2023 4:53am
I have 3 x 100 with MFF and 1 x 100 with FTMO until now.

I will maximise to 6 x 100 with MFF in the days / weeks to come.
Intraday only.
  • #18,927
  • Aug 24, 2023 5:01am Aug 24, 2023 5:01am
Quoting Vitore
{quote} I believe 8cap, ThinkMarkets use the box, don't know about AvaTrade. However, I used to trade with PurpleTrading and they used to be a good broker in the time I traded with them. I also know a few decent people from this company but not well enough to trust them regarding facts about using the box solution for prop firms that you mention. Are you sure they use it as well? Some props (TFTP included) are going to use them and I hoped Purple could be a good option

I think TFT already used them about 2 years ago. I'm sure I used purple and I think (not 100% sure) that was TFT.
  • #18,928
  • Edited 5:17am Aug 24, 2023 5:06am | Edited 5:17am
Quoting navk
{quote} Hi, You are new. I have no hate story against 8 cap. In this particular case ( my fundedfx ), either the firm banned 8 cap or 8 cap banned myfundedfx. In this scenario, I felt 8 cap service to myfundedfx may not be that good. And I always believe that only the firms manipulate the feed. However in my case, the FIRM FUNDEDFX is dishonest. I do not want to call them any more scam because they refunded the fee to me and just few hours ago the money got credited. Due to in- effiecient / dishonest approach of my fundefx, I ban myfundedfx hence...

I think you are not being fair comparing MFFx to what happened with MFF.

Apparently you could not sort the server problem with MFF customer service and had to escalate it to Josh, using the knowledge from FF. This was then directed to Yavuz and it was solved.

With MFFx you gave them no chance of correcting the mistake of violating your account. MFFx is not here in FF that's why I suggest that you exposed the case in the telegram groups where Matt is around. I would be surprised if this was not sorted out in a good way, like happened in MFF.
  • #18,929
  • Aug 24, 2023 5:18am Aug 24, 2023 5:18am
Quoting navk
{quote} Once server issue happened. My trades could not be closed. I lost phase 1. are dishonest.
were u in DD at the last % or how much risk u had on the table that u had to lose phase1? also i don t know if u use a SL or not, entirely up to u but, i keep seeing this story with the server froze and i lost phase 1 or 2 or funded account...same with traders that play on news releases...
imho, i d rather refer to the companies that ban ips without 2 many obvious reasons/evidence a potential scam then what happened to u.
also, that paragraph that Nsakey quoted to u, every prop firm has that in the contract agreement.
u got ur money back after u refused to go with 8cap, and in that email that u showed doesn t say that they agreed to switch anything.
i don t give 2cents defending Mffx or some other firm, but i believe an unbiased opinion would serve the readers here way better rather then emotions on display.
i hope u get the payouts like u pass the challenges. cheers
  • #18,930
  • Aug 24, 2023 5:22am Aug 24, 2023 5:22am
Quoting Vitore
{quote} I believe 8cap, ThinkMarkets use the box, don't know about AvaTrade. However, I used to trade with PurpleTrading and they used to be a good broker in the time I traded with them. I also know a few decent people from this company but not well enough to trust them regarding facts about using the box solution for prop firms that you mention. Are you sure they use it as well? Some props (TFTP included) are going to use them and I hoped Purple could be a good option
Its not the broker thats in question its the prop firm. These brokers are simply allowing the prop firms to deploy systems to increase failure. It comes as an OOTB package. So, you get a dashboard and access to a server. For access to the server you pay a fee per user or per month whatever the deal is, on that server you say "I want xyz settings set up". Its the reason why all the 8cap prop firms have completely different conditions but its on the exact same server.

Avatrade has always been a shitty scam broker, they used to have really illegal affiliate practices with CPA agreements that are lunacy and hyper aggressive sales tactics.

The best example is TFT vs MFFX. 8cap on TFT is horrendous, 8cap on MFFX is alright but still meh. On 8cap at TFT you cannot arb/tickscalp due to server settings. On 8cap on MFFX you can (probably why they ditched it). The TFT conditions are more realistic if you look at prime fills but they seem to have a little 'extra' added on during normal market periods.

I am certain purple trading on your deposit will not be the same as purple trading at a prop firm. It can't be, because a broker can a-book you, you blow your account and they still make money, a prop firm can't.
  • #18,931
  • Edited 7:27am Aug 24, 2023 5:41am | Edited 7:27am
Quoting Capablanca
I think MFFx handled this very poorly. 1. They sent 8cap credentials 2. navk asked to swap it to think markets 3. They said they were processing. Then there was no more reply from them and they simply violated the 8cap account and returned the fee It's no way of handling the situation. I believe that Matt would have handled this differently if navk went to a telegram group and exposed the case. PS To me this sounds more of an horrible customer service handling...
Thats more or less what it is. In my opinion, poorly handled from both sides.

Calling them a pure scam while they're paying out thousands to people in this thread is taking it too far.
I have no confidence in their longevity but will milk what I can, while I can.
  • #18,932
  • Aug 24, 2023 6:19am Aug 24, 2023 6:19am
Quoting Takisd
{quote} Its not the broker thats in question its the prop firm. These brokers are simply allowing the prop firms to deploy systems to increase failure.
Quoting Takisd
{quote}I am certain purple trading on your deposit will not be the same as purple trading at a prop firm. It can't be, because a broker can a-book you, you blow your account and they still make money, a prop firm can't.
Yes I understand that. But what you're saying is basically that though Purple Trading might be (in my experience they really are) a decent retail broker, they knowingly allow prop firms use that add-on. Which makes them a shitty prop firm broker. And any prop firm using them as broker should better be avoided, correct?

I was considering coming back to TFTP as soon as they start offering Purple Trading on funded (they have been using it on Eval for long time already) as I hoped Purple would not allow them doing exactly this. So I was wrong and should reconsider this I guess...
Money is made by sitting, not trading
  • #18,933
  • Aug 24, 2023 6:21am Aug 24, 2023 6:21am
Quoting Vitore
{quote} {quote} Yes I understand that. But what you're saying is basically that though Purple Trading might be (in my experience they really are) a decent retail broker, they knowingly allow prop firms use that add-on. Which makes them a shitty prop firm broker. And any prop firm using them as broker should better be avoided, correct? I was considering coming back to TFTP as soon as they start offering Purple Trading on funded (they have been using it on Eval for long time already) as I hoped Purple would not allow them doing exactly this. So I...
The problem will always remain the same with prop firms who use other brokers. Without full access to the bridge tech, servers and liquidity providers, you cannot properly manage the order flow to sustain a strategy beyond hoping people fail.

In my other post i mentioned the tools that the dashboard providers are now giving and most of these broker using firms are connected to the same dashboard provider so they can view user data across prop firms to determine who is breaking rules rather than focusing on resolve the order flow issue.

The promising thing of TFT is now they have finally accepted the fact they need their own server and are going to deploy their own MT5. It gives hope they will move in the right direction long term as they probably realize that without those accesses they are severely handicapped by scale and speed. But, there is no one in that company who has any knowledge or experience handling a trading server.
  • #18,934
  • Aug 24, 2023 6:26am Aug 24, 2023 6:26am
Quoting Takisd
{quote} The problem will always remain the same with prop firms who use other brokers. Without full access to the bridge tech, servers and liquidity providers, you cannot properly manage the order flow to sustain a strategy beyond hoping people fail. In my other post i mentioned the tools that the dashboard providers are now giving and most of these broker using firms are connected to the same dashboard provider so they can view user data across prop firms to determine who is breaking rules rather than focusing on resolve the order flow issue. The...
I see, thanks.

And what do you think about FXIFY? They use FxPig but seem reasonable so far after a few months on the market. Do you possibly have any insight into their operation? They seem to be connected to the broker more tightly
Money is made by sitting, not trading
  • #18,935
  • Aug 24, 2023 7:29am Aug 24, 2023 7:29am
Quoting Capablanca
I think MFFx handled this very poorly. 1. They sent 8cap credentials 2. navk asked to swap it to think markets 3. They said they were processing. Then there was no more reply from them and they simply violated the 8cap account and returned the fee It's no way of handling the situation. I believe that Matt would have handled this differently if navk went to a telegram group and exposed the case. PS To me this sounds more of an horrible customer service handling...
Yes, it probably is just poor customer service. Once again, though, this DOES NOT HAPPEN at a firm with their own server/feed, simply because it cannot.
  • #18,936
  • Aug 24, 2023 7:43am Aug 24, 2023 7:43am
FTMO has entered the insane asylum...

https://discord.com/invite/8j7r5XaaW6
  • #18,937
  • Edited 8:06am Aug 24, 2023 7:54am | Edited 8:06am
I'm maxed with FTMO (200K x 2) & MFF (100K x2, 200K x2), so I've been maxing out @ 200Ks to limit my max payout size with a few of the other smaller firms. If TFT gets their own servers, I would also consider maxing them out since they are the 3rd largest firm and also consistently pay out 5-6 figures like the big 2.

So far, I've had no issues with My funded FX via 8cap. However, I do trade to a monthly 4-5% target there to limit my payout size <10K (2 payouts to date)

As for 8cap... to be fair to TFT, MFFX does not have anywhere close to the server load & trade volume of TFT, so it makes sense that TFT's 8cap conditions are significantly worse than any other 8cap prop.
  • #18,938
  • Aug 24, 2023 8:05am Aug 24, 2023 8:05am
Quoting Vitore
{quote} I see, thanks. And what do you think about FXIFY? They use FxPig but seem reasonable so far after a few months on the market. Do you possibly have any insight into their operation? They seem to be connected to the broker more tightly
they have a massive advantage. If they are fxpig which by all accounts they are, they could literally hedge broker flow vs prop flow and get some benefit. I don't think they are though because they tried to enter the market with the stupid immediate withdrawal thing as a gimmick. Its not viable because why would you make that flow live so fast without any reliable data? Even a broker would b-book that new entry flow until they see more of it to understand how to manage it properly.

But, definitely has capital and a decent amount of knowledge so i think they will still be here when most are gone.
  • #18,939
  • Aug 24, 2023 8:14am Aug 24, 2023 8:14am
Quoting navk
This kind of clause will /should certainly discourage every one of us from signing up with MYFUNDEDFX. no doubt. Well, you captured correctly.
-You may be hard-pressed to find a firm that does not have terms that are written in this sort of language.
  • #18,940
  • Aug 24, 2023 8:15am Aug 24, 2023 8:15am
Quoting CableJ
FTMO has entered the insane asylum... https://discord.com/invite/8j7r5XaaW6
What am I missing here? I must not be in the correct discord category.
108 traders viewing now, 1 is registered:
ckart