Prop Firm Hub | Page 1179 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #23,561
  • Oct 4, 2023 6:00am Oct 4, 2023 6:00am
The receiver requested delay. If it is granted it will be November. I don’t think MFF will want it delayed. There’s many things pending that the court hasn’t ruled on yet.
  • #23,562
  • Oct 4, 2023 6:54am Oct 4, 2023 6:54am
When in November is the hearing then ? Any website for updates here ?
  • #23,563
  • Oct 4, 2023 7:18am Oct 4, 2023 7:18am
Quoting Nehemah
Regarding the issue with TFF, I'm not alone to have this problem. Today on their Discord : (Quote from some users) 1° " It’s not slippage. It’s delayed order executions. You can see it when you close your position and it takes 5 - 10 seconds to execute. You are placed in a queue and your order is executed based on your position in the queue. TFF needs to upgrade their infrastructure to support all the orders. My personal live account does not experience these “real market conditions”… " 2° " That's right. Totally agree. You've said 5-10 sec. Yesterday...
Another answer to a twitter user: (similar to yours)
Attached Image (click to enlarge)
Click to Enlarge Name: tff.jpeg Size: 101 KB


I have not been experience problems. I guess it is because I've been opening market order (no slippages relevant) and, despite I have SLs and TPs, I've been closing them also mannually.
  • #23,564
  • Oct 4, 2023 7:20am Oct 4, 2023 7:20am
In the meantime Level Up Society closed finally their doors after scamming a lot of people. I guess it's not a problem that Raul is know as lambo. The big problem is the Bugatti of Murtuza
Attached Image (click to enlarge)
Click to Enlarge Name: lup.jpeg Size: 217 KB
  • #23,565
  • Oct 4, 2023 7:33am Oct 4, 2023 7:33am
Quoting TrAndy1
{quote} Link to this Twittter post ? Is that a serious post ?
it was from NOK. He seems to be also following this closely
https://twitter.com/TraderNOK/status...68357410468266
  • #23,566
  • Oct 4, 2023 8:04am Oct 4, 2023 8:04am
Quoting TrAndy1
When in November is the hearing then ? Any website for updates here ?
It hasnt been moved yet, so no date set. My understanding is that MFF won't postpone it so 11th october will stand. The receiver is the one who requested a change of date but all have to agree.
  • #23,567
  • Oct 4, 2023 10:43am Oct 4, 2023 10:43am
Do we think the CFTC will be coming for US futures firms as well like TopStep. Ive been trading mainly indices and oil so i think i can safely try TopStep out. I know they arent as good as FTMO but if it could be worth a try. Any one funded with them.
  • #23,568
  • Oct 4, 2023 11:09am Oct 4, 2023 11:09am
Quoting Inception12
Do we think the CFTC will be coming for US futures firms as well like TopStep. Ive been trading mainly indices and oil so i think i can safely try TopStep out. I know they arent as good as FTMO but if it could be worth a try. Any one funded with them.
Just stay away one more week. Then see what is going on with the hearing. Better than joining right now. You never know...
  • #23,569
  • Oct 4, 2023 12:01pm Oct 4, 2023 12:01pm
Any info about fundingtraders guys? I just saw some of the CEO videos. He seems like a mature and experienced guy, he claims that he used to work at Wall st, not like some "Twitter" CEOs. The prob was based in Dubai. Anyone has some experiences working with them?
  • #23,570
  • Edited 2:07pm Oct 4, 2023 12:27pm | Edited 2:07pm
Quoting longcanlun12
Any info about fundingtraders guys? I just saw some of the CEO videos. He seems like a mature and experienced guy, he claims that he used to work at Wall st, not like some "Twitter" CEOs. The prob was based in Dubai. Anyone has some experiences working with them?
They have a SL rule of max. 2% per trade. They are also discretionary when it comes to funded account when you showed them too much risk with your trading. Bad.

In their terms (highly vague formulated you see):
"5.4.2. Furthermore, Customer shall not exploit the Services by performing trades without applying market standard risk management rules for trading on financial markets, this includes, among others, the following practices (i) opening substantially larger position sizes compared to Customer’s other trades, whether on this or any other Customer’s account, or (ii) opening substantially smaller or larger number of positions compared to Customer’s other trades, whether on this or any other Customer’s account.
The Provider reserves the right to determine, at its own discretion, whether certain trades, practices, strategies or situations are Forbidden Trading Practices."
  • #23,571
  • Oct 4, 2023 1:24pm Oct 4, 2023 1:24pm
props might still exist in the us in the future 10 years from now but with the usual nonsense like you need to pass a series xyz , have a sponsor, have a 3.5 gpa from xyz top uni, yadda yadda, very discretionary, a million rules, and close out end of day, smaller capital. But not surprising since less and less people even invest in equities and income inequality will not really change, there will just be more normalization of shrinkage and tiny homes; water is wet; the elites will hire their own heirs for these jobs not ordinary people
  • #23,572
  • Oct 4, 2023 2:09pm Oct 4, 2023 2:09pm
Quoting TrAndy1
{quote} They have a SL rule of max. 2% per trade. They are also discretionary when it comes to funded account when you showed them too much risk with your trading. Bad. In their terms (highly vague formulated you see): "5.4.2. Furthermore, Customer shall not exploit the Services by performing trades without applying market standard risk management rules for trading on financial markets, this includes, among others, the following practices (i) opening substantially larger position sizes compared to Customer’s other trades, whether on this or any...
Can you link this please
  • #23,573
  • Oct 4, 2023 2:19pm Oct 4, 2023 2:19pm
Of course: https://fundingtraders.com/terms
  • #23,574
  • Oct 4, 2023 2:55pm Oct 4, 2023 2:55pm
Quoting TrAndy1
Of course: https://fundingtraders.com/terms
danke
  • #23,575
  • Oct 4, 2023 3:31pm Oct 4, 2023 3:31pm
Anyone interested in starting an obituary list for the ones dropping out?
Maybe with date to gauge the rate of acceleration.
  • #23,576
  • Oct 4, 2023 4:10pm Oct 4, 2023 4:10pm
Quoting Capablanca
{quote} Another answer to a twitter user: (similar to yours) {image} I have not been experience problems. I guess it is because I've been opening market order (no slippages relevant) and, despite I have SLs and TPs, I've been closing them also mannually.
I tried to close manually a trade but same thing. But it seems when you zoom at the maximum the chart (less candles then) there is a little less latency. Hope they will solve quickly this issue
  • #23,577
  • Oct 4, 2023 6:18pm Oct 4, 2023 6:18pm
Quoting Nehemah
{quote} I tried to close manually a trade but same thing. But it seems when you zoom at the maximum the chart (less candles then) there is a little less latency. Hope they will solve quickly this issue
Why you don't close from phone?
  • #23,578
  • Oct 4, 2023 8:21pm Oct 4, 2023 8:21pm
Quoting montygoldy
{quote} Last update of the day... Not so good. 1.Bespoke - 2% positive 2. fxify - 1.6% negative 3. Fundednext - 3.3% negative… 4. Skilled and smart prop - 3.3 negative..... Tomorrow's goals for Bespoke(4% ++), fxify (Breakeven) and rest below or close to 2% loss.......
here is my update on the accounts. Huge ups n downs day.

1. Passed bespoke (8%) - in total 2 trading days . Liked - trading conditions and tight spread.
2. Fxify (8%) positive - Decent conditions and spreads. Overall good
3. Failed (Smart Prop and skilled trader) - Average trading conditions. Spreads not good and some price difference in comparison to tradingview. Also poor trades from me on those accounts
4. FundedNext - 4% up. Overall Decent condition.

I am holding till the end of this month to buy more challenges. Need more time to familiarize myself with funded trading mindset.
Next challenges I'll try will be FTMO(2 x 200k), 5%ers (100k), FundedEngineer (400k) and MyfundedFx(100k).
Dropped TFF not liking it based on my research.
Extreme gut feeling trader
  • #23,579
  • Edited 11:24pm Oct 4, 2023 10:08pm | Edited 11:24pm
Bespoke do allow adding trade positions within 5 pips.

For example, gbpusd first short trade at 1.2140.

one can add short positions up to 1.2145, Any number of positions, any size.

Adding short trade at / above 1.2146 short is soft breach.

They do not disqualify but you will NOT be paid .
Intraday only.
  • #23,580
  • Oct 4, 2023 10:48pm Oct 4, 2023 10:48pm
Quoting navk
Bespoke do allow adding trade positions within 5 pips. For example, gbpusd first short trade at 1.2140. one can add short positions up to 1.2145, Any number of positions, any size. Adding short trade at / above 1.2146 short is soft breach. They do not disqualify but you will be paid .
Attached Image (click to enlarge)
Click to Enlarge Name: 1004.PNG Size: 7 KB

Bespoke will be gone within the month.
TBH, if MFF is not allowed to operate, there is no way in hell any of these others should be.
These firms are literally collecting challenge fees, folks are passing and earning a profit and not getting paid.
People thought the model of paying profits from others fees was bad...........looks great compared to NOT GETTING PAID AT ALL!!!!
Simply too many greedy kids all trying to grab their piece. Space was much better when there were only 5-6 firms.
115 traders viewing now