Prop Firm Hub

The problem of those prop firms, is that they offer fixed payouts split percentages in exchange with floating incoming fees from bought challenges. That can only work, as long as the floating income stream of fees does not abrupt goes down. Or they need to pay any payouts from their pockets, which can only work for some limited time. Then they start to play dirty tricks with hidden rules and being scamartists to deny any (bigger) payouts. If they had floating payouts as well but lower than their floating income from fees, then this would be longterm stable business. My opinion.

This reminds me of the program MFF hinted at before cftc intervened. Getting paid even if losing.

Please dm me which account I need to yolo next week. promise.

Update 3:
I still received the Alpha wire last night. This confirms my suspicion that Alpha is still paying and paying quickly.

The one week mess was all caused by Wise. For some reason I inserted the details twice and in none of them the transfer was processed. Wise support is a bunch of useless people. They kept saying that they could not provide information to recipient (which was me) and I would have to ask to the recipient (which was me). Don't laugh. This happened 3 times.

My suggestion to euro zone traders is to avoid Wise and pick a normal bank.
This transfer worked well and fast with just IBAN and BIC (and my name and address). Alpha didn't charge me a dime for the transfer (and missed transfers), despite it was not their fault either.

As requested, also added Darwinex...



Futures side of the street

Lark Funding is the relative winner after 5ers, but I do not understand that. They have a garbage offer. The score is very bad. The Score is around 1 on their 3 step offers. And the other offers have trailing max. drawdown, which makes it more difficult to pass. So there is no value to other standard offers around the retail prop biz. You need to take this list therefore with some salt. You cannot believe everything you see on that table. My two cents.

-If you are being honest, then I will give you an honest answer and say that I would personally not recommend it. I think that it would be a stress nightmare and further-impact your health in a negative way.

That aside, if you can function as a semi-silent partner or investor/consultant etc., and let others handle the bulk of the business, then that might be a more reasonable consideration. You seem like a more technical type (non-people-person, no offense), so working behind the scenes may be a more suitable approach anyway. I can only go by what I know of you from this forum, which isn't much, so I hope that my comments about this are taken very lightly.

That being said, we know that you do not like scalpers. Going this route would eliminate US traders, at the very least. Difficult to gauge whether or not the firm would be successful without understanding the model better. It seems that your idea involves managing the flow holistically, which is probably the only way to do it, but that you may need to be restrictive about some types of assets and trading strategies etc..

This can probably be done, but it may pose some issues. Firstly, dumb traders will sign up without reading the terms and complain, after the fact, because they were too lazy to read. You might have to deal with charge-back attempts, PR/support issues and general backlash etc..

The second problem is that if other firms are offering services to scalpers and US residents, while offering indices etc., then your available customer pool may shrink, forcing you to operate in a niche market, which may create difficulty if you need a large pool of data to work with. I have no idea about that, really.

It is also not clear to me how you intend to selectively filter out bad flow and the process involved with that. It seems that the metrics and the type of trading that you may require will need to be clearly defined, upfront, for both you and the traders that you take on, not only from an operational perspective, but so that traders are not wasting their time by working with your firm.

I can only speculate on this stuff anyway. But these are my initial thoughts without really knowing much about it. I am also not an expert about these things.

You might consider a possible alternative to all of this. Once you figure out how to manage the flow and compile that into some kind of shiny algorithm, then you can either treat it as a product or a service. Starting a firm would be going the service route, which is full of hard work and headaches. Maybe better to treat it as a product and lease it to other companies so that they have to deal with the hard work and headaches (and compliance issues etc.).

The question then becomes... would companies be willing to pay a subscription (or one-time) fee for your product? Could they be successful with your product without having to be so restrictive that it renders the business model too difficult or even moot? If the answer to these questions is probably not, then you have your answer anyway.

So that I'm not accused of praising Alpha and that I'm being paid by them, it's good to remember that was not very well impressed with Alpha in the beginning. And was well impressed with FXIFY:
https://www.forexfactory.com/thread/...8#post14557258

Now it's the reverse. We need to have dynamic opinion depending on what we are experiencing.

Was thinking the same thing. MFF had it figured out. How to be profitable while still paying reliably with no BS rules. I really don't think most realize what we lost here.....a long term viable way beneficial to both trader and the firm.

Yeah and we still have trolls saying MFF was scam

Yes, clueless.......I mean we see the offerings now, it isn't even remotely close.

This part of the comment is very true.
Having special rules just attracts bad PR because people don't read them and then say that props are scammers.

That's probably one of the reasons FTMO and MFF had good image. No complicated things to assimilate. You just had to respect max daily, max dd, target and not much more. A prop with these simple rules and paying without excuses is half way to success (then internally they have to manage the risk correctly, of course)

I'd be all over this if I wasn't in the US.

When you open I'll be identifying as a nonbinary two-spirit Mexican Unicorn. I'll look forward to your 10K coupon offer.

The last part could be interesting in this video below explaining the prop firm business model especially of copying trades. They say they have two risks, B Booking good traders and A booking bad traders. That is the key takeaway here you need to be aware.

Some more info about detailed statistics on MFF (and also TFT). I find this video interesting.

SMC truth.

Good point....with the current state of this country, where we can identify as anything we wish....I am identifying as a non US citizen.

I would not be surprising that Kaler fabricated this 120K payout.
https://twitter.com/EL_Blanco4/statu...20222716444860
https://twitter.com/TraderBach/statu...22585262977266

5ers already posted saying that their operations are not affected (they are in Israel).
https://twitter.com/Gil_BenHur/statu...73142589612492

Alpha capital group, very reliable and many poeple here have good things to say about them. Also TradeDay when it comes to futures.