Prop Firm Hub | Page 1085 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone trading with a Prop firm 33 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

  • #21,681
  • Sep 13, 2023 1:25am Sep 13, 2023 1:25am
Quoting Boulder
about MFFX policy on IP address also , since Deel is not available, I used wire transfer for my payout from them today {image}
Keeps us posted about if you received it and how long did it take Boulder, please.
These days it's important that we keep an eye in the payout process to see who is (still) paying.
  • #21,682
  • Sep 13, 2023 1:52am Sep 13, 2023 1:52am
Quoting navk
{quote} You work with FXIFY ? Deel is ok for them ?
In FXIFY Telegram group I searched for Deel and last evening there was someone from their support saying they were not affected by Deel.
  • #21,683
  • Sep 13, 2023 2:47am Sep 13, 2023 2:47am
TFT:

Quote
PAYOUT UPDATE
We are immediately transitioning to transferwise to process all payouts for our community. All delays payouts will be cleared within next 24 hours. All technology will be adjusted by Thursday so requests can be made via wise in the trade hub. We will continue to share updates as they come
  • #21,684
  • Sep 13, 2023 3:34am Sep 13, 2023 3:34am
Quoting Tovip
https://www.fca.org.uk/news/warnings/axi-trading Maybe that's why they don't accept UK residents for the Axi select programme. I used to use Axi as my broker many years ago because of their tight spread and high leverage. Back then, they would even assign a so-called manager to you, whom you could send email to if you faced any issues. As time went by, slippage got a bit worse, and whenever I requested for a big sized withdrawal, they would demand an answer to why the withdrawal was requested lol...like literally, even tho it's my money,...
This is not the true axi.com is a clone website bro
  • #21,685
  • Sep 13, 2023 4:25am Sep 13, 2023 4:25am
Quoting OutThere
{quote} I was in Darwinex program and in Axi's previous funding program. I found Axi to be better but longer to achieve max funding. Darwinex capped traders earnings to around 6%/mo. If you made even 100%, only 6% would be considered legit(!) and your share would be based on that. Seems lime Axi doesn't cap traders earnings.

are you sure about 6% capping? i think this is for measuring the risk level. Their system is a bit confusing, so many calculations.
  • #21,686
  • Sep 13, 2023 4:44am Sep 13, 2023 4:44am
Folks, lets return to the main topic which is prop firms.

You should discuss viable offshore brokers in a separate thread to avoid cluttering and confusion.
  • #21,687
  • Sep 13, 2023 5:05am Sep 13, 2023 5:05am
Axi used to be good back when the guy who now owns blueberry markets was running the sales desk. It has since turned into a shadow of its former self but is still a reputable firm. I do not know anyone who has had success with their prop offering but they do operate the same as everyone people are complaining about. The more size you put on the worse the slippage - because thats how the market works. People are ignoring that glaring fact. There is a reason there is less than a handful of forex billionaires and that is scale. Its the same reason why today on a $100 making 10% per month is possible, but on 1 million it is less likely on 1 billion its not possible without being on the right side of some sort of black event like the eur franc de peg.

Sometimes its best to stay in the world of reality and understanding what the limitations are. The one thing that tradernok said that is sort of true is that if you lower your expectations in forex, even with funded accounts or "VIRTUAL LIVE FUNDS" you will likely see more success. Making a 1-2% month still puts you in the top for returns world wide and gives you less probability of ruin. 1-2% on a 100k or 300k funded account is plausible m/m but 50% is not and a large portion of the reason why its not is scaling issues.
  • #21,688
  • Sep 13, 2023 5:11am Sep 13, 2023 5:11am
I see that many people speak about FXIFY

do they have a scaling program? I can't find their faqs
in holiday till end of November
  • #21,689
  • Sep 13, 2023 5:34am Sep 13, 2023 5:34am
IMO, Deel is in damage control mode.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
Success = Practice + Patience + Persistence
  • #21,690
  • Sep 13, 2023 5:35am Sep 13, 2023 5:35am
Quoting forexbali
I see that many people speak about FXIFY do they have a scaling program? I can't find their faqs
For some reason they don't have it in FAQs anymore but an user here asked last week and got this from support (which is in line with the notes I took myself in may or so, before joining them).
Attached Image (click to enlarge)
Click to Enlarge Name: Scaling plan FXIFY.png Size: 458 KB
  • #21,691
  • Sep 13, 2023 5:39am Sep 13, 2023 5:39am
Quoting fxpider
IMO, Deel is in damage control mode. {image}
If they kicked off Funded Next it's likely they will do the same for remaining props.
  • #21,692
  • Sep 13, 2023 5:48am Sep 13, 2023 5:48am
Quoting Capablanca
{quote} If they kicked off Funded Next it's likely they will do the same for remaining props.
No man, tradernoks friends will be forever deel customers. Because apparently they are unlicensed registered financial services businesses
  • #21,693
  • Sep 13, 2023 5:49am Sep 13, 2023 5:49am
Quoting Capablanca
{quote} If they kicked off Funded Next it's likely they will do the same for remaining props.
Are they (deel) taking this as a reactive or proactive measure, to be a good boy in the eyes of the CFTC?
Success = Practice + Patience + Persistence
  • #21,694
  • Sep 13, 2023 6:21am Sep 13, 2023 6:21am
FTMO and TFT have turned their US marketing back on today. Waiting to see the virtual funds pre roll ads on a youtube video soon.

When MFF case is over, regardless of the result, I think that I will play a bit with tradingpit and possibly some shit prop firm like maven if maven survives. Going into december anyone with financial troubles will get exposed as december is not a profitable month for any b book broker or prop firm. Maven is my high risk one.

But nothing till this case is over, dont know whether during this discovery it will open up CFTC charges for others, there are clear violations by easton tech and myfundedfx if you use the CFTC's case against MFF as an example.

There are plenty of moral violations by maven, but I am all about those kinds of violations.
  • #21,695
  • Sep 13, 2023 6:26am Sep 13, 2023 6:26am
Someone said here that Axi Select is a broker and we shouldn't talk about brokers here because it confuses him.

Firstly, Axi Select is a funding program. It is doing what a prop is doing except better.
Also, this thread is under Broker Discussion/Prop Firm Hub. I am discussing a prop firm that is inside a broker.
Additionally, MFF was a broker and FTMO is also. Isn't that confusing?
  • #21,696
  • Sep 13, 2023 6:28am Sep 13, 2023 6:28am
TFF announcing 1 step challenge:


Dear Trader

Your shortcut to success: introducing 1-Phase funding!

Ever thought that the that the two-phase evaluation process is a bit time-consuming?
True Forex Funds is proud to announce our One Phase Funding challenge as an alternative solution for those who want quick access to trading capital up to $400,000!

Half the time - same profit shares!

For a single payment starting at €89, you can attain full funding through only one single evaluation phase, whilst enjoying the same profit share potential to the two-phase approach!

What are you waiting for?
Try our new 1-Phase Funding challenge, get funded quick & simple, and enjoy the benefits of being one of TFF’s funded trader community!

Best regards,
True Forex Funds


As example a 100K 1 step costs 499€ (aprox 465$):
Attached Image (click to enlarge)
Click to Enlarge Name: TFF 1 step.PNG Size: 59 KB


Not great but at least apparently the max DD is a static one.
  • #21,697
  • Sep 13, 2023 6:32am Sep 13, 2023 6:32am
Quoting Capablanca
TFF announcing 1 step challenge: Dear Trader Your shortcut to success: introducing 1-Phase funding! Ever thought that the that the two-phase evaluation process is a bit time-consuming? True Forex Funds is proud to announce our One Phase Funding challenge as an alternative solution for those who want quick access to trading capital up to $400,000! Half the time - same profit shares! For a single payment starting at €89, you can attain full funding through only one single evaluation phase, whilst enjoying the same profit share potential to the two-phase...
10% target with 3% daily plus 22 days to finish? neah thanks
  • #21,698
  • Sep 13, 2023 6:35am Sep 13, 2023 6:35am
Quoting Capablanca
{quote} Keeps us posted about if you received it and how long did it take Boulder, please. These days it's important that we keep an eye in the payout process to see who is (still) paying.
sure. By the way, MFFX also has crypto payment now which you asked about it before .
regarding to Deel, one comment here
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_3340.png Size: 130 KB
  • #21,699
  • Sep 13, 2023 6:52am Sep 13, 2023 6:52am
Quoting inversio
{quote} are you sure about 6% capping? i think this is for measuring the risk level. Their system is a bit confusing, so many calculations.
It was early 2021 and I was having a discussion about their scoring method and risk% and such. All their top traders were under 6% gain which looked very conservative. When I asked how come so low, they sent me this page explaining risk factor calculations. See if you can make sense of it.
https://help.darwinex.com/risk-stability-attribute
  • #21,700
  • Sep 13, 2023 6:59am Sep 13, 2023 6:59am
Quoting navk
{quote} You work with FXIFY ? Deel is ok for them ?
Yes , bought one account with them , still trying to get funded
27 traders viewing now