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  • #22,781
  • Sep 25, 2023 5:13am Sep 25, 2023 5:13am
Quoting TrAndy1
{quote} Fundingpips Score 5.4 which is very good. BlueGuardian Score is only 4.2.
Funding Pips has very restrictive IP rules - basically your IP must stay the same all the time otherwise you need to provide evidence of your travel
They also terminate your account immediately if you happen to have 4 open positions in loss
Money is made by sitting, not trading
  • #22,782
  • Sep 25, 2023 5:15am Sep 25, 2023 5:15am
Quoting Vitore
{quote} Funding Pips has very restrictive IP rules - basically your IP must stay the same all the time otherwise you need to provide evidence of your travel They also terminate your account immediately if you happen to have 4 open positions in loss
Thanks. Good to know. So this is then a red flag to me. I will avoid FundingPips for sure. These hard breaches are clearly fraudulent violations to deny legit payouts.
  • #22,783
  • Sep 25, 2023 5:28am Sep 25, 2023 5:28am
Quoting Vitore
{quote} Funding Pips has very restrictive IP rules - basically your IP must stay the same all the time otherwise you need to provide evidence of your travel They also terminate your account immediately if you happen to have 4 open positions in loss
3.5. Trading Strategy
Trade the way you want. Use an "EA", hold during news, hold trades over the weekend and trade lot sizes as big as the leverage allows for. However, Any Trading activities that are used to take advantage of MetaTrader inefficiencies (Gap trading, high frequency trading, martingale trading, toxic trading flow, layering, server spamming, latency arbitrage, grid trading, hedging, long short arbitrage, reverse arbitrage, tick scalping, server execution, opposite account trading) are all prohibited trading plus copy trading or account management by a third-party vendor will result in account termination, such activities with Funding Pips will result in account termination. Remember! YOUR IDEAS, OUR RISK. To get funded and grow as a trader you should be able to trade and have the right set of skills. YOU CANNOT CHEAT YOUR WAY IN.
Note: To avoid any confusion, we use the following guideline for Layering/Grid, which is:

  1. Allowed to have a maximum of 3 positions when in Drawdown. Adding a fourth position while the other entries are in drawdown will be considered Grid/Layering. This will lead to violating the account, a decline of your evaluation or payout.


I wonder how martingale or grid are "activities that are used to take advantage of MetaTrader inefficiencies"...

  • #22,784
  • Sep 25, 2023 5:36am Sep 25, 2023 5:36am
US500 spreads of FXIFY in regular hours?
in holiday till end of November
  • #22,785
  • Sep 25, 2023 5:39am Sep 25, 2023 5:39am
Quoting pipmaster77
{quote} Just a guess.....The CFTC has gotten to 8 cap now. Confirmation will be if we see more similar announcements from other firms this week. Like I said earleir, trading is hard enough and on top we have to play cat and mouse now with what firms will pay, what payment processors will be closed off, etc, etc... I'll say it again.....CFTC= SCUMBAGS
Blueburry was an IB of 8cap, they was below them, what is going on? or Blueberry is now indipendent, or is just another way to be however always below 8cap.
in holiday till end of November
  • #22,786
  • Sep 25, 2023 5:52am Sep 25, 2023 5:52am
Quoting forexbali
US500 spreads of FXIFY in regular hours?
used to be 0.36 during market hours, 0.46 otherwise on raw account (indices without commission)
don't buy all-in account, US500 has much wider spread there
Money is made by sitting, not trading
  • #22,787
  • Sep 25, 2023 6:29am Sep 25, 2023 6:29am
Quoting Vitore
{quote} used to be 0.36 during market hours, 0.46 otherwise on raw account (indices without commission) don't buy all-in account, US500 has much wider spread there
do you remember which was the MFF spread on US500?

which is the lowest spread right now in other prop? FTMO has 28
in holiday till end of November
  • #22,788
  • Sep 25, 2023 6:34am Sep 25, 2023 6:34am
Quoting forexbali
{quote} do you remember which was the MFF spread on US500? which is the lowest spread right now in other prop? FTMO has 28
MFF was like 0.1 during market and 0.5 EU/AP
no other firm has better spread on US500 then FTMO afaik but i reviewed only a few. The closest seem to be The Trading Pit with 0.35 and maybe MFFX (Think Markets) with 0.4
Money is made by sitting, not trading
  • #22,789
  • Sep 25, 2023 6:58am Sep 25, 2023 6:58am
Quoting Capablanca
{quote} 3.5. Trading Strategy Trade the way you want. Use an "EA", hold during news, hold trades over the weekend and trade lot sizes as big as the leverage allows for. However, Any Trading activities that are used to take advantage of MetaTrader inefficiencies (Gap trading, high frequency trading, martingale trading, toxic trading flow, layering, server spamming, latency arbitrage, grid trading, hedging, long short arbitrage, reverse arbitrage, tick scalping, server execution, opposite account trading) are all prohibited trading plus copy trading...
here you go again... another bunch of clowns. Thanks man for putting this here so I dont have to go to discord and ask the idiots myself, then somehow end up talking to CEO who also ends up somehow being support, financial department and mother Teresa all in one package
  • #22,790
  • Sep 25, 2023 7:03am Sep 25, 2023 7:03am
Quoting forexbali
US500 spreads of FXIFY in regular hours?
btw how is FXIFY in general? do they actually pay? i saw some drama in their discord like 2-3 days ago, was hilarious. I was thinking they are legit for a sec, at least that is a claim as long as you select crypto as your payout method, otherwise it seems to be more like a titanic
  • #22,791
  • Sep 25, 2023 7:18am Sep 25, 2023 7:18am
Quoting TrAndy1
{quote} Thanks. Good to know. So this is then a red flag to me. I will avoid FundingPips for sure. These hard breaches are clearly fraudulent violations to deny legit payouts.
Andy,
did you used to maintain and share a spreadsheet which gave lots of the prop firms a score based on a number of criteria? Or was that somebody else?

Thanks
  • #22,792
  • Sep 25, 2023 7:25am Sep 25, 2023 7:25am
https://twitter.com/TraderBach/statu...57518375182769

another reason to stay away from anything Angelo Caramello the soft and squishy clown.

Edit: Yes funding pips is a clown shop, run by a demo trading clown.
  • #22,793
  • Sep 25, 2023 7:28am Sep 25, 2023 7:28am
I was testing my FTMO account today.

Seems they also have volume based slippage profiles. Also seems that the settings are the same ranges as MFF were.
  • #22,794
  • Sep 25, 2023 7:55am Sep 25, 2023 7:55am
Quoting Takisd
I was testing my FTMO account today. Seems they also have volume based slippage profiles. Also seems that the settings are the same ranges as MFF were.
What about FXIFY? Whats your opinion Taksid!?
  • #22,795
  • Sep 25, 2023 7:56am Sep 25, 2023 7:56am
Quoting Takisd
I was testing my FTMO account today. Seems they also have volume based slippage profiles. Also seems that the settings are the same ranges as MFF were.
That's what makes sense when managing these trading videogames.

I'm not sure, though, if they manage to differentiate people that trade 20 lots from people that enter 20x1 lot in a short period of time.
  • #22,796
  • Sep 25, 2023 8:02am Sep 25, 2023 8:02am
Quoting Takisd
I was testing my FTMO account today. Seems they also have volume based slippage profiles. Also seems that the settings are the same ranges as MFF were.
Yes they were using literally the same backend provider / broker as MFF, interesting that they did not change broker yet, considering that legal case had a direct involvement of broker and prop firm at the same time
  • #22,797
  • Sep 25, 2023 8:04am Sep 25, 2023 8:04am
Quoting bluepanido
{quote} Andy, did you used to maintain and share a spreadsheet which gave lots of the prop firms a score based on a number of criteria? Or was that somebody else? Thanks
Yes, I was that. But I recently posted here new updated scores. I did not make a total new spreadsheet. You can also use this one (not from me made):
https://docs.google.com/spreadsheets...oyc/edit#gid=0
  • #22,798
  • Sep 25, 2023 8:33am Sep 25, 2023 8:33am
Quoting ashark69
{quote} Yes they were using literally the same backend provider / broker as MFF, interesting that they did not change broker yet, considering that legal case had a direct involvement of broker and prop firm at the same time
How do you know who FTMO is using on their backend?
  • #22,799
  • Sep 25, 2023 8:44am Sep 25, 2023 8:44am
Quoting mizi123
{quote} What about FXIFY? Whats your opinion Taksid!?
They are fine it seems. I Dont like the rules much but its fine. I also think ftmo is fine, as I think MFF was also fine. I dont think TFT is fine or rocket21 or leveledupsociety however.
  • #22,800
  • Sep 25, 2023 8:45am Sep 25, 2023 8:45am
Quoting lynnc
{quote}How do you know who FTMO is using on their backend?
FTMO use onezero bridge but likely do not a-book anything/much. I found out by accident some time ago when doing some data research.
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