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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

prop firm new model - my trading journey 871 replies

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  • #23,321
  • Edited 11:52pm Sep 30, 2023 7:35pm | Edited 11:52pm
Alright, people I am in action with my first-ever attempts with the prop firms money-making casino.

Purchased 5 - 100k challenges

1. Smart Prop trading. - 430$ after (5%) coupon
2. Fxify - 418$ after (20%) coupon
3. Bespoke - 410$ after (22.5%) coupon
4. SKilled Funded Trader - 464$ after (22.5) coupon
5. FundedNext - 485$ after (10%) coupon
Total spent - 2207$

Wish me Luck.....

If all goes well for a week. Then already prepared my excel with next batch of challenges with FTMO(200k x 2), 5%ers(100k), fundedEngineer(400k) and tff(100k).
Keeping the EXPENSIVE challenges for the 2nd week. I am going all in with prop firms this month.

I'll manually trade on these accounts not gonna use a copier or something. Don't wanna give any bullshit reason to lose account. Target is 1-2% a day on these accounts with max 1% loss a day.


EDIT- 1 - FXIFY received details superfast in 15mins
EDIT-2 - FUNDEDNEXT received they are even faster in 2mins
EDIT-3 - SMART PROP TRADING took 2 hours
EDIT-4 - BESPOKE slow need to connect with customer care
EDIT 5 - SKilled Funded Trader took a while....
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Extreme gut feeling trader
  • #23,322
  • Sep 30, 2023 11:36pm Sep 30, 2023 11:36pm
Quoting TraderTero
{image} Department of Trading Ethics...
This is just utter nonsense. People need to avoid prop firms with the following features like plague:

-doesn't allow more than one IP or device
-forbids any kind of martingale or grid trading
-have a bad history of delayed payouts or no payouts
-trailing stop loss
-CEO posting a stupid photo of a plate of fruits or a flashy lamborghini onto twitter when payouts have been delayed for weeks (the last one is just personal...never like people who love taking photos of fruits and uploading them...)
memento mori
  • #23,323
  • Sep 30, 2023 11:41pm Sep 30, 2023 11:41pm
Quoting Tovip
{quote} This is just utter nonsense. People need to avoid prop firms.)
Fixed it for you.
  • #23,324
  • Oct 1, 2023 12:12am Oct 1, 2023 12:12am
Quoting Tovip
{quote} This is just utter nonsense. People need to avoid prop firms with the following features like plague: -doesn't allow more than one IP or device -forbids any kind of martingale or grid trading -have a bad history of delayed payouts or no payouts -trailing stop loss -CEO posting a stupid photo of a plate of fruits or a flashy lamborghini onto twitter when payouts have been delayed for weeks (the last one is just personal...never like people who love taking photos of fruits and uploading them...)
Confirmed with Fundnext customer care
"Here are the Device and Network (IP) rules of FundedNext:
Trading Devices: You can use two devices to trade - your phone and your personal computer. These are the only devices allowed for trading.
Connecting: To trade, you can use two methods to connect to the internet - your home WiFi or your phone's internet (known as mobile data).
Violation: If you use any other device besides your phone and personal computer for trading, it's not allowed. Also, you must only connect to the internet using your home WiFi or your phone's internet. Using any other network or IP address is not allowed and is considered a violation.
In summary, you can trade using your phone and personal computer, and you must use only your WiFi or phone's internet for connecting. Using other devices or networks would be breaking the rules. Note that, if you make any violation regarding these rules, you must inform your account manager immediately."
Extreme gut feeling trader
  • #23,325
  • Oct 1, 2023 12:19am Oct 1, 2023 12:19am
Quoting clemmo17
{quote} Fixed it for you.
lol you mean them or you? If it's the former, I doubt they can. Most of the new firms need these bullshit rules to be in place, so they can increase the fail rate for challenges. It's the only way their business model can work when they don't have large capital to begin with. Only big firms like FTMO or MFF (which is now half dead, hopefully it will be back soon like Jon Snow), which have already gathered a big pool of capital (300M asset held by MFF shown in the CFTC statement), can afford to deliver big payouts and still gain profit without playing dirty tricks, as their sample size n is already huge. A few outliers (the big payouts) won't blow off their business model.


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memento mori
  • #23,326
  • Oct 1, 2023 12:23am Oct 1, 2023 12:23am
Quoting montygoldy
{quote} Confirmed with Fundnext customer care "Here are the Device and Network (IP) rules of FundedNext: Trading Devices: You can use two devices to trade - your phone and your personal computer. These are the only devices allowed for trading. Connecting: To trade, you can use two methods to connect to the internet - your home WiFi or your phone's internet (known as mobile data). Violation: If you use any other device besides your phone and personal computer for trading, it's not allowed. Also, you must only connect to the internet using your home...
Personally, I believe there are better options out there when compared to fundednext, when there are multiple complaints on fundednext here recently. If I were in your shoes, I would have maxed out ftmo first, before considering others. But to each their own, green pipssss
memento mori
  • #23,327
  • Oct 1, 2023 12:30am Oct 1, 2023 12:30am
Quoting montygoldy
{quote} Confirmed with Fundnext customer care "Here are the Device and Network (IP) rules of FundedNext: Trading Devices: You can use two devices to trade - your phone and your personal computer. These are the only devices allowed for trading. Connecting: To trade, you can use two methods to connect to the internet - your home WiFi or your phone's internet (known as mobile data). Violation: If you use any other device besides your phone and personal computer for trading, it's not allowed. Also, you must only connect to the internet using your home...
I posted that earlier too, utter ridiculousness. No VPS, no VPN, no dedicated server, no iPad, no laptop at work, and they track internal private IPs as well so even your desktop or laptop at home needs a static private IP address internally as well as a static public IP with your ISP. Very few people are going to have the IT knowledge to do this, or be willing to pay what it costs for a static public IP--if it's even available for residential service without going business class. They are counting on this as an excuse to not pay (they don't actually fail you, they let you continue trading, they just don't pay). Big scam.
  • #23,328
  • Oct 1, 2023 1:20am Oct 1, 2023 1:20am
Quoting Tovip
{quote} Personally, I believe there are better options out there when compared to fundednext, when there are multiple complaints on fundednext here recently. If I were in your shoes, I would have maxed out ftmo first, before considering others. But to each their own, green pipssss
I did the research. There are always good and bad experiences based on the individual experiences. What i understood is they are a bit huge, decent customer base and even their website and everything is way more professional than most of the others. That's good enough. PLus its my first time playing with prop firms so went with the cheaper and safer options. If all goes well already planned my next set of challenges which includes ftmo, 5%ers, tff and fundedengineer.
Extreme gut feeling trader
  • #23,329
  • Oct 1, 2023 1:24am Oct 1, 2023 1:24am
Quoting AaronPriest
{quote} I posted that earlier too, utter ridiculousness. No VPS, no VPN, no dedicated server, no iPad, no laptop at work, and they track internal private IPs as well so even your desktop or laptop at home needs a static private IP address internally as well as a static public IP with your ISP. Very few people are going to have the IT knowledge to do this, or be willing to pay what it costs for a static public IP--if it's even available for residential service without going business class. They are counting on this as an excuse to not pay (they don't...
Think in this way why do they have to force it this way??? Coz of all these BS passyourchallange programs. BTW i am not taking sides. Also i confirmed about the IP they said home computer and phone 2 devices allowed. If u are travelling or your IP gonna change or new device tell them first there is no hard rule you cannot use it EVER.
Extreme gut feeling trader
  • #23,330
  • Oct 1, 2023 1:35am Oct 1, 2023 1:35am
Quoting montygoldy
{quote} I did the research. There are always good and bad experiences based on the individual experiences. What i understood is they are a bit huge, decent customer base and even their website and everything is way more professional than most of the others. That's good enough. PLus its my first time playing with prop firms so went with the cheaper and safer options. If all goes well already planned my next set of challenges which includes ftmo, 5%ers, tff and fundedengineer.
They fail the #1 criteria... will they pay!
  • #23,331
  • Oct 1, 2023 1:47am Oct 1, 2023 1:47am
Quoting montygoldy
Alright, people I am in action with my first-ever attempts with the prop firms money-making casino. Purchased 5 - 100k challenges 1. Smart Prop trading. - 430$ after (5%) coupon 2. Fxify - 418$ after (20%) coupon 3. Bespoke - 410$ after (22.5%) coupon 4. SKilled Funded Trader - 464$ after (22.5) coupon 5. FundedNext - 485$ after (10%) coupon Total spent - 2207$ Wish me Luck..... If all goes well for a week. Then already prepared my excel with next batch of challenges with FTMO(200k x 2), 5%ers(100k), fundedEngineer(400k) and tff(100k). Keeping the...
None of them will be around in near future.
on a postive roll...
  • #23,332
  • Oct 1, 2023 1:49am Oct 1, 2023 1:49am
Quoting Rmg
{quote} None of them will be around in near future.
Can be true. My Goal is to pull some payouts that's enough for me. Eventually, personal account matters. My strategy is to go with 10-15 firms and pull a couple 0f under 10k payouts to build my own 100k account.
Extreme gut feeling trader
  • #23,333
  • Oct 1, 2023 1:52am Oct 1, 2023 1:52am
Slept 14 hours, my pits stink so bad and it wasn't even hot. Must have been the garlic sauce from my kebab.

Still doesn't stink as much as thinkmarkets though.
  • #23,334
  • Oct 1, 2023 1:56am Oct 1, 2023 1:56am
Quoting montygoldy
{quote} Can be true. My Goal is to pull some payouts that's enough for me. Eventually, personal account matters. My strategy is to go with 10-15 firms and pull a couple 0f under 10k payouts to build my own 100k account.
Go for it mate
on a postive roll...
  • #23,335
  • Oct 1, 2023 1:56am Oct 1, 2023 1:56am
Quoting Capablanca
{quote} They went after MFF, the: - Cheapest - Offering best trading conditions (all spreads and executions and commissions summed up) - More serious paying All to "protect" us. While MFF is out of activity, we see Funded Next and TFT operating....
MFF was always high risk on my radar after ranking the prop firms by their marketing methods. Even 6 months ago as longterm investment extreme risk. Short term MFF was ok. But not something I personally would invest in anything shortterm. Meaning the signs were there in the marketing alone they were on deep water and not a serious prop firm which should be included in the ROI evaluation. FTMO wasnt even on that list I did 6 months ago due to its non thug marketing methods. So even if it seemed MFF was cheaper more value it wasnt better than FTMO anytime.

In reality due to MFF thug marketing methods and recklessness the signs were there it would go under. Which put FTMO way ahead of MFF just using simple common sense on kindergarten level. But for some reason. These prop firms make people use their cognitive dissonance as the only way to pick prop firms with the most shallow dollar signs they notice in front of them, instead of the bigger picture and warning signs. Each to their own.
Of course not even FTMO is safe as I see it. But among the safer sadly. Its not good theres only one decent prop firm in the forex prop firm world for sure. That monopoly was always theirs and now these lesser hit and run prop firms will just secure FTMOs monopoly in future even more.

Sure FTMO might adapt like with the unlimited time if the smaller hit and run prop firms try to find edges but they have no chance It seems. MFF had no chance either even if it seemed so on the surface but looking into their marketing methods again you could see MFF was over with long time ago. Judge the tree by its fruit. Someone wise said once from a scripture.
  • #23,336
  • Oct 1, 2023 3:40am Oct 1, 2023 3:40am
Quoting Rmg
{quote} None of them will be around in near future.
We heard this type statement sometimes ago when brokerage firms were under the heat form regulators and many failed. Some still managed to survive and still in business up till now. A blanket assumption like this may not be correct. A bit of optimism may not be out of place. But of course time will tell.
  • #23,337
  • Oct 1, 2023 4:17am Oct 1, 2023 4:17am
Quoting labu
{quote} MFF was always high risk on my radar after ranking the prop firms by their marketing methods. Even 6 months ago as longterm investment extreme risk. Short term MFF was ok. But not something I personally would invest in anything shortterm. Meaning the signs were there in the marketing alone they were on deep water and not a serious prop firm which should be included in the ROI evaluation. FTMO wasnt even on that list I did 6 months ago due to its non thug marketing methods. So even if it seemed MFF was cheaper more value it wasnt better than...
nothing you have said makes any sense in reference to MFF. Literally 0.
  • #23,338
  • Oct 1, 2023 4:25am Oct 1, 2023 4:25am
Quoting mcquak
{quote} Lux trading for CFD, The trading pit for Futures
Hey man, what do you think about Nick Vendetti?
  • #23,339
  • Oct 1, 2023 5:36am Oct 1, 2023 5:36am
Quoting Takisd
{quote} nothing you have said makes any sense in reference to MFF. Literally 0.
Those who are dump and pump use high risk marketing methods to engage as much clients as possible in short time frame with any means necessary like sleazy methods of touching the inner most primal part of our needs to pay for their services. If one is used to sleazy marketing oneself and dont know what dirty marketing methods are. Thats my guess. Then of course one cannot see it. If one looks at the older prop firms and the marketing methods they use you can see a pattern why they are still around and worry free.
It makes 0 sense since you are probably in cog dis state since you got paid by MFF. Just like how TrAndy defended Bespoke and will as I understand til the end since he did get paid. The more one invest in something mentally it becomes harder to see the truth and refusal to do so.
  • #23,340
  • Oct 1, 2023 6:37am Oct 1, 2023 6:37am
Quoting labu
{quote} Those who are dump and pump use high risk marketing methods to engage as much clients as possible in short time frame with any means necessary like sleazy methods of touching the inner most primal part of our needs to pay for their services. If one is used to sleazy marketing oneself and dont know what dirty marketing methods are. Thats my guess. Then of course one cannot see it. If one looks at the older prop firms and the marketing methods they use you can see a pattern why they are still around and worry free. It makes 0 sense since you...
Bro you speaking nonsense, MFF was the best for many of US maybe not for you maybe you lost too many challenges ehehe thats common even if a loser trades in the best broker it will always talk bad like if the fault was the broker
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