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Anyone trading with a Prop firm 31 replies

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

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  • #22,341
  • Sep 20, 2023 5:22pm Sep 20, 2023 5:22pm
Quoting Expo33
{quote} FOMC rate decision helped me get to the 3 figure payout level. Guess I better buy a new suit for the big interview.
up almost 9 percent in september alone....a great year!!!
  • #22,342
  • Sep 20, 2023 5:27pm Sep 20, 2023 5:27pm
Quoting Expo33
{quote} Sure, a bunch of pimply faced 25 year olds are connected to the mysterious "elites". SMH
YES! lol they are!, it sounds funny but they are . they are well connected from a young age, meet all the other rich elites and then are told what to "invent" and start "founding" companies with the capital of their elders
  • #22,343
  • Sep 20, 2023 5:39pm Sep 20, 2023 5:39pm
Quoting TrAndy1
More claims right now. I was right with my opinion regarding FE, that they are very suspicious and maybe fraudulent. Their MOD on Discord said to me HFT is fine here! {image}
The people who made these reviews all have left only one review, and they were made from locations where reviews can be bought easily. Not that I think Funded Engineer is legit, haven't tried them yet... But I imagine competitors would drown each other with fake negative reviews, and they would buy positive reviews for themselves.

On the other side, I think someone has mentioned on this thread before, that Funded Engineer discontinued an already-funded account with him, as he's "being rude" to their live chat support. That account didn't break any rules according to him.

A few person here got evaluation accounts with FE, guess we will have to wait for updates from them and see if they receive a payout I do hope they get it tho...Nothing feels worse than seeing all your efforts go to waste when you have passed the challenge.
memento mori
  • #22,344
  • Sep 20, 2023 5:53pm Sep 20, 2023 5:53pm
Quoting lddd
{quote} Don’t forget, FTMO removed the time limits. So you don’t have to rush it. To keep you informed, I’ve purchased a challenge so but haven’t yet executed my first trade. Probably on Monday.
I appreciate that. Let's keep each other updated as we go. After trial going to purchase a 50K challenge. Not use to this as I've always had a private investor fund me, or my own funds. Best of trade to you, my friend.
  • #22,345
  • Sep 20, 2023 5:54pm Sep 20, 2023 5:54pm
Quoting Expo33
{quote} Sure, a bunch of pimply faced 25 year olds are connected to the mysterious "elites". SMH
Correct & pay no attention to the man behind the curtain.
  • #22,346
  • Sep 20, 2023 6:00pm Sep 20, 2023 6:00pm
Quoting pipmaster77
{quote} Still using the same ones minus MFF.....FTMO, TFF and TFTP. I wouldn't advise purchasing anything new right now.
Ya FTMO is still very reliable these days. Their staff actually sent an email to me, checking if I did receive my first payout and refund from bank wire lol (I did something silly when registering for the challenge...so refund had to be made by bank wire)...which I was pleasantly surprised lol...considering people have to chase most prop firms for payouts and refund.

Since you are with TFTP, have you received payout from them recently? Cause many people are saying they haven't...Do you find any issues with them, apart from the big slippage during news release, and the 7 dollars commission fee per lot for 8cap?

Green pips
memento mori
  • #22,347
  • Edited 8:47pm Sep 20, 2023 8:30pm | Edited 8:47pm
Quoting navk
{quote} yes, I passed today early in NY session, they say within 12 to 24 hrs live account Hope i will get sometime in London session.
Update :

Live account credentials received.

It took approximately 10 hrs
Intraday only.
  • #22,348
  • Sep 20, 2023 9:48pm Sep 20, 2023 9:48pm
Quoting Boulder
{quote} Since MFFX is on your top bad lists. Just be fair to tell about my experience - they just approved my 2 payouts today. I have gotten 15 payouts from them since 5/15/2023. I have never experienced any issues in my trading ( EurUsd) and payouts, which went in my bank within 3 days
as I said,,
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  • #22,349
  • Sep 20, 2023 9:54pm Sep 20, 2023 9:54pm
Quoting Boulder
{quote} as I said,, {image}
Please tell him, to remain like this.
Success = Practice + Patience + Persistence
  • #22,350
  • Sep 20, 2023 10:33pm Sep 20, 2023 10:33pm
The ban on canadian residents has been lifted by myfundedfx.


Earlier they were saying, those who has already signed up...not an issue.

Now, new sign ups also welcome.
Intraday only.
  • #22,351
  • Sep 20, 2023 10:44pm Sep 20, 2023 10:44pm
Quoting Markula
{quote} YES! lol they are!, it sounds funny but they are . they are well connected from a young age, meet all the other rich elites and then are told what to "invent" and start "founding" companies with the capital of their elders
This clown was a youtube prop firm affiliate pimp. The only thing he is connected to is Chaturbate.
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Pride always comes before destruction.... -Proverbs 16:18
  • #22,352
  • Sep 21, 2023 12:07am Sep 21, 2023 12:07am
Good Morning! Had a good start today. Around 8k profit today.
  • #22,353
  • Sep 21, 2023 12:16am Sep 21, 2023 12:16am
Quoting Boulder
{quote} as I said,, {image}
Their main problem is being US based. Their prop business simulated game should be fine while regulators allow.

They should be milked while they last.
  • #22,354
  • Sep 21, 2023 12:18am Sep 21, 2023 12:18am
will take leave from this thread for a while, may be for 30 trading days or so
my both the live accounts of 10k each
and my challenge account of 250k phase1
all are under huge drawdowns, balances as follows
SPT = 9,385
TFT = 9,582
E8 = 2,31,730

yeah i know, it is because of my mistake, that i did not able to know the market direction
and i go for the higher lots, thinking i will be correct, but market proved me wrong, hit stop losses late night and bring back to areas where my entries were
if i had small lots, may be my stop losses not get hit and i may not be facing big drawdown

first of all i will forget about my next payout date which is 3rd october.
i will think of just saving my accounts and not any profit
this is just do and die situation now
require a lot of trading days to recover such huge drawdown
and if again went wrong this time.. meaning its over
this is the last chance

will see you soon in november
let me focus on my drawdown recovery planning and trades irrespective of everything
  • #22,355
  • Sep 21, 2023 12:43am Sep 21, 2023 12:43am
Regarding FTMO. Thought some here about how they have been able to be so consistent with payouts throughout the years. I suspect because the founder doesn't buy bunch of private jets and ferraris to left and right from profits in prop firm. I could be wrong but also a big reason why I think the smaller prop firms struggle since the founders want a huge pizza slice and thus why they even started a prop firm in the first place. To get quick bucks fast and easy from gamblers. With that mindset not much is left for the prop firm itself and thus makes withdrawals bothersome.

So from what I've seen most prop firms got self inflated cool kid syndrome founders who tries to act like they live in the hoods. Apart from FTMO and some others whos founders got quite some credentials behind them.
  • #22,356
  • Sep 21, 2023 1:17am Sep 21, 2023 1:17am
Quoting RiskFighter
{quote} The Elite does not want plain people to be able to earn big money in this game. Big money is ment to go to the rich people. This is why Europe set a loft at 1:30 on levels. They want to stop this whole industry and they will succeed at some point in the future. But for now the prop firms can move their operations to countries that cannot be controlled by Europe, Australia or USA. I am sure, that MFF will do that.
Your comments is biased
The leverage of 1:30 is very high. Infact, all shall reduced to 1:3 or lower. You should only trade with money you have, else its akin to GAMBLING.
No such thing as the elite or rich want to control anything. Your 1 lot trade is insignificant and WILL NEVER put a dent in the elite/rich pocket.
Its safe to assume that 90% of retail trades is circulating within the broker, as you all are trading CFD, not futures contracts or legitimate market instruments.

CFD = Casino. you bet against the operator
  • #22,357
  • Sep 21, 2023 1:20am Sep 21, 2023 1:20am
More hidden rules from Funded Next. Their FAQ does not state that EAs need to undergo verification or that you have to send in source code. Yet they stopped payment on someone with the below email (who claims they didn't use an EA, but I have no idea). They solved the issue quickly I guess and the account owner is satisfied, and I wouldn't even mention this if they said no EAs without permission on their website (like Alpha Capital Group), but I hate hidden rules or rules that change at payout. I attached their FAQ for reference.
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  • #22,358
  • Sep 21, 2023 1:24am Sep 21, 2023 1:24am
Quoting AaronPriest
{quote} Some of the most reliable firms (FTMO, The5ers, Alpha Capital Group, etc.) are the ones that use their own servers with their own liquidity providers. Sticking with ones that use white label rebrands of brokers like Eightcap, ThinkMarkets, etc. aren't necessarily more trustworthy just because it's a 3rd party broker. Here is a list though, it's not up to date and some information is wrong: https://forexpropreviews.com/which-b...rop-firms-use/
wait, ALPHA CAPITAL GROUP equates to MOST reliable?
Did they paid you for marketing & promotion?
Come clean or else you will be tagged as liar
  • #22,359
  • Sep 21, 2023 1:27am Sep 21, 2023 1:27am
Quoting zamans98
{quote} wait, ALPHA CAPITAL GROUP equates to MOST reliable? Did they paid you for marketing & promotion? Come clean or else you will be tagged as liar
Come clean on what? They have a very good reputation for good trading conditions and very few complaints about payout problems. One of maybe 2 or 3 that Deel allowed to continue using. Why are you accusing me of being a liar?
  • #22,360
  • Sep 21, 2023 1:48am Sep 21, 2023 1:48am
Quoting AaronPriest
More hidden rules from Funded Next. Their FAQ does not state that EAs need to undergo verification or that you have to send in source code. Yet they stopped payment on someone with the below email (who claims they didn't use an EA, but I have no idea). They solved the issue quickly I guess and the account owner is satisfied, and I wouldn't even mention this if they said no EAs without permission on their website (like Alpha Capital Group), but I hate hidden rules or rules that change at payout. I attached their FAQ for reference. {image} {image}...
There's not a single week going on without multiple cases against Funded Next in the Telegram groups. It's incredible how they are still so popular.
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