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  • #22,121
  • Sep 19, 2023 5:02am Sep 19, 2023 5:02am
What's anyone's view on E8 at this time. Not seeing them being mentioned much lately.

I just started a trial account with FTMO & so far like what I see. Any views on this firm would be welcomed.
  • #22,122
  • Sep 19, 2023 5:06am Sep 19, 2023 5:06am
Quoting acetrader
What's anyone's view on E8 at this time. Not seeing them being mentioned much lately. I just started a trial account with FTMO & so far like what I see. Any views on this firm would be welcomed.
The score is same like FTMO but FTMO has much better reputation so among the two only prefer to choose FTMO.
  • #22,123
  • Sep 19, 2023 5:17am Sep 19, 2023 5:17am
Quoting TrAndy1
{quote} The score is same like FTMO but FTMO has much better reputation so among the two only prefer to choose FTMO.
I agree. So far liking what I'm seeing with FTMO. After the trail run going to try a challenge. Thank you for your views.
  • #22,124
  • Sep 19, 2023 5:20am Sep 19, 2023 5:20am
Quoting Takisd
{quote} There was a famous influencer it happened to. The reason they are still in business is that they are the oldest and most people fail.

Thanks. I'm thinking about doing a challenge with them myself and I'm wondering what it's all about if profitable trades aren't paid for anyway or aren't even accepted. For example, in the TOS of FTMO under point 7 it says that the successful completion of a challenge does not automatically guarantee that you become a FTMO Trader.

https://ftmo.com/en/terms-conditions/

Quote
7.

If the Customer is successful in both the Challenge and Verification, the Customer may be offered a contract by a third-party company, in its sole discretion to participate in the FTMO Trader Program. The terms, conditions, and agreement between the Customer and a third-party company are strictly between the Customer and the third-party company. FTMO Evaluation Global s.r.o. is in no way involved with the FTMO Trader Program agreement—or lack thereof—executed between the third-party company and the Customer. The Customer acknowledges their...

"may" not means "will".

I also find it somewhat irritating that the contract is concluded with a “third-party company”. Maybe these are just the usual formalities and mean nothing. Has anyone had this contract or, more generally, prop trading with such a company checked from a legal perspective?

I really don't want to waste any more time on things that seem fundamentally against you. Otherwise, I see an opportunity to trade with larger capital. I have money myself, but if I don't necessarily have to risk it just to eke out a living, then maybe that's something else. They say you shouldn't trade with scared money and that it only unnecessarily increases the pressure.

Regarding to "Influencers". They are usually paid to produce content and promote it in order to earn money. Whether you should believe any anonymous statements when there isn't even any evidence in the form of data/facts from these influencers is an open question. On the other hand, you will also find thousands of "payout proofs" and people telling you how great everything is. So, no idea.

Probably the only way to find out is to try it myself.
  • #22,125
  • Sep 19, 2023 5:30am Sep 19, 2023 5:30am
Quoting acetrader
What's anyone's view on E8 at this time. Not seeing them being mentioned much lately. I just started a trial account with FTMO & so far like what I see. Any views on this firm would be welcomed.
I have a funded with them (didn't receive a payout for a while, though). If I hadn't an account I would probably not start now. Picking a US prop I don't think it's the safest bet right now.
  • #22,126
  • Sep 19, 2023 5:34am Sep 19, 2023 5:34am
Quoting Takisd
{quote} I think as things come out, you will realize they didn't actually play dirty tricks. From the emails that are public, they were trying to bring execution in line with real market and because of the one email with slip to hell or whatever, people are thinking that it was like some magical slippage bot or something. When in reality, as per the emails public, it was 0.1-0.5 slippage on a volume based scale. Which is loosely in line with market conditions depending on the pair. If you read their discord, around february 2023 they removed that...
Sorry I replied to wrong person but anyway yes agree slippage is part of life but that isn't the case here they load extra onto the quotes on the STP guys. I don't think it can kill the strategy but for some (scalpers) it has to be factored in if you are shooting 6-10 and spread and commission is normally around 0.8 -1.2 pips to cover that cost if MFF then add 0.5 to every quote it took it out of the pocket of the trader. Fact. Other than that the model is what it is and there is nowt else on the scene right now that gives the same bang for the buck. I won't delete the post but will repost to the person I meant to reply to.
  • #22,127
  • Sep 19, 2023 5:36am Sep 19, 2023 5:36am
Quoting TrAndy1
{quote} I do not know, I have read too many complaints on trustpilot. That "somebody" has whispered to the CEO that they were third party trading or using forbidden EAs and so on. Even some ghost trades were placed to fail the traders funded accounts. So this is a red flag for me. Second there is a hearing on court at MFF end of October. That should give you alone a warning, that right now it is not right time to buy anything. You can waste easily your time and money here. They are USA based too.

Comes down to individual risk tolerance and parameters. Then there is the old saying of "buy when there is blood on the streets".
The show ain't over until the curtain comes down. You don't stop milking the cow thinking it won't produce milk soon, you keep going until it runs dry. etc etc

Really didn't like the dirty tricks of MFF with regard to adding burden to the profitable traders and no doubt there will be more at it too but for now if they want to survive when regulation does come they will have already cleaned their act up and probably now a safe a time as any to keep going until the axe falls.......
  • #22,128
  • Sep 19, 2023 5:39am Sep 19, 2023 5:39am
Quoting FX-DON
{quote} Sorry I replied to wrong person but anyway yes agree slippage is part of life but that isn't the case here they load extra onto the quotes on the STP guys. I don't think it can kill the strategy but for some (scalpers) it has to be factored in if you are shooting 6-10 and spread and commission is normally around 0.8 -1.2 pips to cover that cost if MFF then add 0.5 to every quote it took it out of the pocket of the trader. Fact. Other than that the model is what it is and there is nowt else on the scene right now that gives the same bang...
so what you are saying is that they made traders on stp lose? Think hard about that mate. There are traders who violate and all trades closed because of spread and commission is the argument. Really think about the logic of that.
  • #22,129
  • Sep 19, 2023 5:39am Sep 19, 2023 5:39am
Yesterday I got a payout in FXIFY from another account. 8 hours total until I got it in my crypto address. I had, though, to contact live support to know how was that done now. They sent me a link for the google form I spoke about some days ago. Something nice if that they don't charge any gas fees or so (TFT or TFF deduct some amount for that).

Nevertheless, the most surprising thing is that Alpha is still paying through Deel. I have no idea why they are an exception but I got the payout normally, as before.
  • #22,130
  • Sep 19, 2023 5:41am Sep 19, 2023 5:41am
Quoting Capablanca
{quote} I have a funded with them (didn't receive a payout for a while, though). If I hadn't an account I would probably not start now. Picking a US prop I don't think it's the safest bet right now.
Hi Capablanca,
Thank you for your reply & I agree. My focus is on FTMO, but I have the same concerns as Iddd a few post up. After completing the trial account seriously considering purchasing a challenge.
  • #22,131
  • Sep 19, 2023 5:50am Sep 19, 2023 5:50am
Quoting Takisd
{quote} so what you are saying is that they made traders on stp lose? Think hard about that mate. There are traders who violate and all trades closed because of spread and commission is the argument. Really think about the logic of that.
No I didn't say that, I said they were what's called clipping, skimming, call it what you want, if they were taking 0.5 or whatever extra off all the STP trades that obviously came out of the pocket of the winning traders. That extra 0.5 belongs to the winners. Effectively you were paying the quoted spread from broker plus MFF's mark up. That's not cricket and it was obviously done to try and offset some of the costs of paying out the winners, so "He" could keep more of the failed fees.

EDIT: to be clear you were already having natural market conditions from the broker and MFF put their cut on top. So that was stolen from your pocket and ever other winner.
  • #22,132
  • Sep 19, 2023 6:02am Sep 19, 2023 6:02am
Quoting OutThere
{quote} Well, I haven't seen this specific rule yet but I guess they have it well hidden in the small print. If that's the case, Funded Trading Plus gets a swift kick in the hiney. Whatever happens over the weekend, has a 50/50 possibility of effecting a trader's position on the good or bad side. Basically, overall it is neutral. By admonishing a trader's decision to hold over the weekend, they are saying a trader's decision was so wrong that they should lose their fee and be thrown out. Once again, who are they to interfere with a trader's decision...
Kindly PM me in private if that doesn't hurt?
  • #22,133
  • Sep 19, 2023 6:04am Sep 19, 2023 6:04am
Quoting acetrader
{quote} Hi Capablanca, Thank you for your reply & I agree. My focus is on FTMO, but I have the same concerns as Iddd a few post up. After completing the trial account seriously considering purchasing a challenge.
I think i am going to buy the smallest FTMO challenge and try to find out myself. Since they don't seem to have the time limits anymore, I'm going to take it slow and simply risk very little per trade and then see what happens if i should pass. I'm assuming that even if you don't get accepted as a "FTMO Trader" you'll at least get your money back if you successfully complete the challenge.
  • #22,134
  • Sep 19, 2023 6:11am Sep 19, 2023 6:11am
Quoting lddd
{quote} I think i am going to buy the smallest FTMO challenge and try to find out myself. Since they don't seem to have the time limits anymore, I'm going to take it slow and simply risk very little per trade and then see what happens if i should pass. I'm assuming that even if you don't get accepted as a "FTMO Trader" you'll at least get your money back if you successfully complete the challenge.
I haven't seen anyone have a problem with becoming a trader after passing the challenge and verification, I might have missed something but its not something I've seen anyone complain about.
  • #22,135
  • Sep 19, 2023 6:18am Sep 19, 2023 6:18am
Quoting Takisd
{quote} Just change the comment in the copier and they can't see its a copier. You can change it to "Fuck you virtual funds" or something and they will just think its an EA
ok, this will work for all copiers ?

which copiers are the most reliable , fastest ?
  • #22,136
  • Sep 19, 2023 7:08am Sep 19, 2023 7:08am
Quoting FX-DON
{quote} No I didn't say that, I said they were what's called clipping, skimming, call it what you want, if they were taking 0.5 or whatever extra off all the STP trades that obviously came out of the pocket of the winning traders. That extra 0.5 belongs to the winners. Effectively you were paying the quoted spread from broker plus MFF's mark up. That's not cricket and it was obviously done to try and offset some of the costs of paying out the winners, so "He" could keep more of the failed fees. EDIT: to be clear you were already having natural market...
A very bad take mate. Metatrader doesn't work that way. Even if best bid and best ask is 1,000 volume you will get that on 1,000,000,000 execution if you don't simulate real market on meta. You have to add depth or simulate depth, its why news is a nightmare everywhere. The STP accusation is that in SOME instances, mff got better bid/ask that was on the feed. But they didn't say "and there is no positive slippage".

People here have reported positive slippage in MFF.
The argument is flimsy at best but so far, it doesn't seem like everything is public. But the STP argument and the commission argument are really dumb in their complaint. The profiles without disclosure, maybe. The securities code violations, maybe. Misleading marketing, more likely.
  • #22,137
  • Sep 19, 2023 7:09am Sep 19, 2023 7:09am
Quoting Stoneyrocks
{quote} ok, this will work for all copiers ? which copiers are the most reliable , fastest ?
Most copiers have the ticket number in brackets in the comment. If you can change the comment (test first of course) to say something else. Then its impossible to know if its a copier or not so long as both trades are not in the same server. Duplikium is easy to see because it comes from "Signals" as method in the manager terminal and none of these companies have signals enabled.
  • #22,138
  • Sep 19, 2023 7:31am Sep 19, 2023 7:31am
Quoting Takisd
{quote} A very bad take mate. Metatrader doesn't work that way. Even if best bid and best ask is 1,000 volume you will get that on 1,000,000,000 execution if you don't simulate real market on meta. You have to add depth or simulate depth, its why news is a nightmare everywhere. The STP accusation is that in SOME instances, mff got better bid/ask that was on the feed. But they didn't say "and there is no positive slippage". People here have reported positive slippage in MFF. The argument is flimsy at best but so far, it doesn't seem like everything...
It doesn't matter. I think you are missing the point. I'm not talking about replicating market conditions.
  • #22,139
  • Sep 19, 2023 8:11am Sep 19, 2023 8:11am
Quoting lddd
"may" not means "will"

It does in that context.

"May" is a peculiar word. It can mean the same as "might" (this is the meaning you are thinking of, when you say " 'may' doesn't mean 'will' "), or it can mean "has permission to" or "is allowed to" (this is the meaning intended there).


Quoting lddd
Probably the only way to find out is to try it myself.

Good luck!
  • #22,140
  • Sep 19, 2023 8:46am Sep 19, 2023 8:46am
Quoting Quickly
{quote} It does in that context. "May" is a peculiar word. It can mean the same as "might" (this is the meaning you are thinking of, when you say " 'may' doesn't mean 'will' "), or it can mean "has permission to" or "is allowed to" (this is the meaning intended there). {quote} Good luck!
Always learning something new. Thanks.
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