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Anyone trading with a Prop firm 31 replies

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  • #21,801
  • Sep 14, 2023 1:49pm Sep 14, 2023 1:49pm
Quoting Boulder
{quote} Are these two good ones to try? Infinity Forex Funds (Algo Evaluation) Quantec Trading Capital (One Step Challenge) I am going to use HFT ea if possible
Both seem to be hiding their location.
  • #21,802
  • Sep 14, 2023 1:57pm Sep 14, 2023 1:57pm
Quoting TrAndy1
Beware of prop firms which allows HFT they do not maintain this for longer time, and the fuss around is starting. Only complications and no payouts and lot of bannings thereafter. I have not seen any prop firm allowing HFT which had not huge problems a few months after. I guess you won't get your payout until you are very lucky.
thanks for the warning. I wonder if not prop firms, dors ICMarkets allow HFT ?
  • #21,803
  • Sep 14, 2023 2:08pm Sep 14, 2023 2:08pm
Quoting Boulder
{quote} thanks for the warning. I wonder if not prop firms, dors ICMarkets allow HFT ?
HFT EA is allowed on IC Markets. But those designed passing HFT EAs only work on 8cap feed and not at all on IC Markets. Just to be warned here.
Second they have something in their terms around more than having 200 orders per day is to their discretion to suspend the trader his IC account. I read that somewhere. Most other brokers also has such a rule so this is something in common and has to do with the Metatrader platform. On cTrader I think you are always fine.
  • #21,804
  • Sep 14, 2023 2:21pm Sep 14, 2023 2:21pm
Quoting Boulder
{quote} thanks Tero
Boulder,
By now I'm sure you have discovered they use 8Cap.
  • #21,805
  • Sep 14, 2023 2:34pm Sep 14, 2023 2:34pm
Quoting TraderTero
https://propcapitalus.com/ HFT allowed. Have not tested them.
-Thanks for sharing. The offering is not very clear, but if I am understanding things correctly, then I cannot see how this firm can be legitimate. This seems like one of those too-good-to-be-true offerings.
  • #21,806
  • Sep 14, 2023 2:40pm Sep 14, 2023 2:40pm
As desperation grows, so does all these sketchy and nefarious firms popping up.

A fool and his money.....
Trade with confidence, trade without fear.
  • #21,807
  • Sep 14, 2023 2:49pm Sep 14, 2023 2:49pm
Quoting Cryptosurf
As desperation grows, so does all these sketchy and nefarious firms popping up. A fool and his money.....
I miss the old days, when it was just like MFF FTMO and jessica's buttocks.
  • #21,808
  • Sep 14, 2023 3:01pm Sep 14, 2023 3:01pm
Quoting Cryptosurf
As desperation grows, so does all these sketchy and nefarious firms popping up. A fool and his money.....
What can we say its a profitable business, by now must exist more prop firms than forex brokers
  • #21,809
  • Sep 14, 2023 10:36pm Sep 14, 2023 10:36pm
Quoting Capablanca
Quick update on FXIFY payouts. I was directed to a google form (similar to the one that The Prop Trading had for payouts) where I could request the payout through Wire, Wise, Paypal or crypto. I chose crypto USDT (if I remember well only ERC20 available) and already received it. Took a day and a couple of hours because when I requested the payout they had not issued the memorandum about Deel. So I had to go through live support and they sent me an email directing me to the form. Anyway, not bad at all knowing that they had to quickly react to all...
Thanks for sharing, I'm actually considering Fxify from all the positive feedback. Can you share which crypto wallet exchange you're using. I have an account wih Coinbase but haven't used them in two years. Any info on reputable companies would be appreciated. I think discussing that will help us as we transition from deel. I've read mixed reviews on most of the ones I researched.
  • #21,810
  • Sep 14, 2023 11:10pm Sep 14, 2023 11:10pm
Slow in here. Borrowed from Erebus
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Pride always comes before destruction.... -Proverbs 16:18
  • #21,811
  • Sep 14, 2023 11:51pm Sep 14, 2023 11:51pm
Quoting Expo33
Slow in here. Borrowed from Erebus {image}
Priceless.

Masterrmind............
Master your Mind then Master your Trades
  • #21,812
  • Sep 15, 2023 12:11am Sep 15, 2023 12:11am
Quoting Boulder
{quote} thanks for the warning. I wonder if not prop firms, dors ICMarkets allow HFT ?
interesting why you want to use a ea with a broker , this is fact they have a plug in for ea,s and other things they use it for , recent news on here by the government regarding plugins to sway trades to the brokers advantage
people leave, but this thread will go on for ever
  • #21,813
  • Sep 15, 2023 1:14am Sep 15, 2023 1:14am
Quoting Takisd
{quote} traders will call them scammers and thats why they didn't. If you say to traders "you're all shit, you're going to lose so I am going to go against you" they will simply not use you. But if you say "we b book some but we a book some" people will always think they are good enough to be a-booked so there is a "Chance". Reality is, b book is the better way to handle retail traders.
Imagine a prop adverting "We win when you lose"
  • #21,814
  • Sep 15, 2023 1:21am Sep 15, 2023 1:21am
Quoting coastie0194
{quote} Thanks for sharing, I'm actually considering Fxify from all the positive feedback. Can you share which crypto wallet exchange you're using. I have an account wih Coinbase but haven't used them in two years. Any info on reputable companies would be appreciated. I think discussing that will help us as we transition from deel. I've read mixed reviews on most of the ones I researched.
I always use self custody addresses to receive cryptos payouts. I made sure this was OK before requesting the payout to FXIFY.

Then, when I decide to exchange it into fiat, I will move the USDT to an exchange. This time I will probably use Kraken for that. They're around since 2017 without much issues so far. I used Binance quite a lot in the past but I zeroed the balance there with all these news about legal cases and so (also because they are having troubles with SEPA transfers because regulation in Europe). I also have a Coinbase account but didn't use them for a while. For no special reason I prefer Kraken.
  • #21,815
  • Sep 15, 2023 1:42am Sep 15, 2023 1:42am
Funded Next. I don't like these scammers of FN but I wonder what the suckers will be saying, now that is written that this is a videogame, unless they decide otherwise.

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  • #21,816
  • Sep 15, 2023 2:01am Sep 15, 2023 2:01am
this account is really getting on my nerves now -_-
not able to pass it, and going again and again in drawdown, recovering drawdown, back to drawdown, recovering drawdown back to drawdown
i was so close to pass phase 1 reached 7% just 1% left and now that 1% is still killingg
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  • #21,817
  • Sep 15, 2023 2:12am Sep 15, 2023 2:12am
The video game argument is in my opinion is the dumbest argument of this whole thing. There is a gaming board and there are Muslim customers. Neither of them will accept these companies as casinos. Fundednext owner who is Muslim should know better but is clearly blinded by greed
  • #21,818
  • Sep 15, 2023 2:14am Sep 15, 2023 2:14am
Quoting genuine007
this account is really getting on my nerves now -_- not able to pass it, and going again and again in drawdown, recovering drawdown, back to drawdown, recovering drawdown back to drawdown i was so close to pass phase 1 reached 7% just 1% left and now that 1% is still killingg {image}
Dude, u have a negative risk reward of 5 to 1. ur winning % should be well above 90 to even consider that type of strategy. It s painful and stressful to trade like that imo. Unless u balance/even things out ur not gonna make any progress. u can have a decent RR with a decent win rate well above 60% and not have to go through all this crap.
  • #21,819
  • Sep 15, 2023 2:16am Sep 15, 2023 2:16am
Quoting genuine007
this account is really getting on my nerves now -_- not able to pass it, and going again and again in drawdown, recovering drawdown, back to drawdown, recovering drawdown back to drawdown i was so close to pass phase 1 reached 7% just 1% left and now that 1% is still killingg {image}
let me tell you what my feeling and emotions saying to me
as you guys know i am little bit in hurry now because i really need big payout from some big funded account
my feeling saying to me just buy a new challenge account somewhat from a new prop firm and do trading on that
but.. as i don't have money to buy any new challenge, so i am just doing work n work on this account
but from a couple of days i am in little bit hurry putting big lot sizes keeping 10 pip sl, 10 pip tp
my current trades are correct in my mind, all tp, sl hit.. but in wrong direction, when i thought it to go buy, it went down,
when i thought it to go sell, it went up... right there where my sl is... damnnn... trades are right, but time is wrong
  • #21,820
  • Sep 15, 2023 2:19am Sep 15, 2023 2:19am
Quoting genuine007
{quote} let me tell you what my feeling and emotions saying to me as you guys know i am little bit in hurry now because i really need big payout from some big funded account my feeling saying to me just buy a new challenge account somewhat from a new prop firm and do trading on that but.. as i don't have money to buy any new challenge, so i am just doing work n work on this account but from a couple of days i am in little bit hurry putting big lot sizes keeping 10 pip sl, 10 pip tp my current trades are correct in my mind, all tp, sl hit.. but in...
what s the timeframe u are executing on? do u only look at 1 timeframe?
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