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  • #24,501
  • Oct 22, 2023 2:28pm Oct 22, 2023 2:28pm
Quoting TrAndy1
It is simply because of the very high double digits in percentage on the passing rate of funded traders here.
-Assuming that it is true, then I would imagine that having a higher pass rate is likely due to not having a daily draw-down limit; giving traders 2x more draw-down will probably make a significant, statistical difference.
  • #24,502
  • Oct 22, 2023 2:32pm Oct 22, 2023 2:32pm
Quoting TrAndy1
{quote} It is simply because of the very high double digits in percentage on the passing rate of funded traders here. To obtain such high passing rate it is needed to have more experience as trader as I have it posted today earlier above. If more and more experienced traders with more years of experience are entering the prop space the chance is higher that they will succeed and be funded. So that passing rate stats goes up. You need experience to be consistent profitable. And that is included in the given stats on this video. Like the other post...
I highly doubt about the numbers they are claiming in the video… There is a big chance they are making them more appealing but it’s just me. You are free to trust them on what they are saying.
Don't give up on your dreams. Keep sleeping.
  • #24,503
  • Oct 22, 2023 2:36pm Oct 22, 2023 2:36pm
Quoting Nsak3y
{quote}-Assuming that it is true, then I would imagine that having a higher pass rate is likely due to not having a daily draw-down limit; giving traders 2x more draw-down will probably make a significant, statistical difference.
No it is more equal distributed if you have seen the whole video with more attention on it. It is not because of there is no daily 5% DD limit. Maybe only to small extent.
  • #24,504
  • Oct 22, 2023 2:37pm Oct 22, 2023 2:37pm
Quoting Artcool
{quote} I highly doubt about the numbers they are claiming in the video… There is a big chance they are making them more appealing but it’s just me. You are free to trust them on what they are saying.
That is the question. But Funded Engineer posted similar statistics. They are comparable. Also Takisd here posted same opinion on those stats, confirming those numbers. Then my conclusions should be all right and real (facts).
  • #24,505
  • Oct 22, 2023 3:13pm Oct 22, 2023 3:13pm
Quoting navk
{quote} you are used to mt5 ? Indicators and EA s not many i guess
Easy to copy trades from MT4 to MT5 or from MT5 to MT4.
  • #24,506
  • Edited 3:41pm Oct 22, 2023 3:27pm | Edited 3:41pm
Quoting FocusWinReal
{quote} Have you had a good experience with them Don? How do you feel about the drawdown rule being so small? Any problems?
About drawdown. You must to manage.
If you have 10% drawdown. And risk 1% per trade, you have 10 loss trades and account it's closed.
If you have 5% drawdown. And risk 0.5% per trade, you have again... 10 loss trades and account it's closed.
Very good experience with 5ers. But not funded account yet.
  • #24,507
  • Oct 22, 2023 7:10pm Oct 22, 2023 7:10pm
Quoting TrAndy1
No it is more equal distributed if you have seen the whole video with more attention on it. It is not because of there is no daily 5% DD limit. Maybe only to small extent.
-I did not watch any video, admittedly. I think, most cannot speak about such matters with any degree of certainty.

That being said, having more draw-down allowance is better than having less in terms of blowing an account, wouldn't you agree?
  • #24,508
  • Oct 22, 2023 7:41pm Oct 22, 2023 7:41pm
anyone here with this prop?
Attached Image (click to enlarge)
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  • #24,509
  • Oct 22, 2023 9:59pm Oct 22, 2023 9:59pm
Quoting voeltoez
anyone here with this prop?
-I do not recall anyone mentioning this firm here before. I would say that it looks like an instant funding model, but with a challenge phase(?). Just glancing; I could be wrong.
  • #24,510
  • Oct 22, 2023 10:41pm Oct 22, 2023 10:41pm
Quoting sheva89
I have submitted ticket to 5ers regarding withdraw since last week, requested via wise but Wise don’t provide US bank details to new accounts. 5ers support is extremely slow but I guess it is what it is
update

WISE said we've temporarily stopped issuing USD account details to new personal Wise accounts.

5ers said
Unfortunately, we do not have the options to send in GBP at this time.
We encourage you to open a USD account through Wise in order to get the payout.
  • #24,511
  • Oct 23, 2023 12:03am Oct 23, 2023 12:03am
I think nobody ever mentioned here FUNDED TRADER CAPITAL but I will leave this here for the case someone makes a search.

This prop is a scam. They issued some sort of "we had to close because of regulators", but after a few days everything was cleared off back to operation.

https://twitter.com/TraderBach/statu...05162241057168
  • #24,512
  • Oct 23, 2023 12:56am Oct 23, 2023 12:56am
Quoting HengkiTjen
{quote} i just received pay out last Thursday hopefully all good
Let us know when you receive it. I really wanna get a challenge since the $6k acc is only $44.50 after applying the discount code. I have passed 3 demo accounts with 6k without going through the drawdown and hitting the 10% profit target. Just need confirmation that these guys are legit, you know?
  • #24,513
  • Oct 23, 2023 1:25am Oct 23, 2023 1:25am
Quoting voeltoez
anyone here with this prop? {image}
yes I have used them ... Australian based .. they LTMFX and standard accounts - meaning wide-ish spreads. The dashboard was a bit average but they do pay out
  • #24,514
  • Oct 23, 2023 1:45am Oct 23, 2023 1:45am
bought 50k mffx ontop of my 100k 5ers.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #24,515
  • Oct 23, 2023 1:50am Oct 23, 2023 1:50am
I am looking at FTMO discord and it seems to me they are slowing things down. I can't be sure because it hasn't happened to me personally. Payouts are happening on time and still speedy but everything else seems to be slowing down. When people are passing the challenge and verification stages it is taking a long while it seems to give out the ftmo trader account, and this morning I saw someone come onto discord and said they received their profit split last Tuesday but they were still waiting for their new account to start trading again, and I have NEVER seen that happen before. Just an observation but it is never good news when things seem to be slowing down. Thankfully payouts are still speedy just had me wondering.
  • #24,516
  • Oct 23, 2023 2:15am Oct 23, 2023 2:15am
Quoting lynnc
I am looking at FTMO discord and it seems to me they are slowing things down. I can't be sure because it hasn't happened to me personally. Payouts are happening on time and still speedy but everything else seems to be slowing down. When people are passing the challenge and verification stages it is taking a long while it seems to give out the ftmo trader account, and this morning I saw someone come onto discord and said they received their profit split last Tuesday but they were still waiting for their new account to start trading again, and I have...
The only possible reason except running out of liquidity is, that some staff has quitted their jobs at FTMO, or even worse they got fired for whatsoever reason.
  • #24,517
  • Oct 23, 2023 2:26am Oct 23, 2023 2:26am
Quoting TrAndy1
{quote} The only possible reason except running out of liquidity is, that some staff has quitted their jobs at FTMO, or even worse they got fired for whatsoever reason.
I hadn't thought of staffing issues, hoping thats what it is.
  • #24,518
  • Oct 23, 2023 3:01am Oct 23, 2023 3:01am
Hi
Is anyone use the FundedNext? They pay 15% during the evaluation period.
I’m in the first stage of FTMO with no time limit. It takes so long because I don’t want to loose my account so I’m using very small risk. That’s why I’m looking for a another prop firm to get paid a little bit. Thanks
  • #24,519
  • Oct 23, 2023 4:24am Oct 23, 2023 4:24am
Quoting TradeHGG11
What is the general consensus on rizdoms firm Skilled Funded Traders? https://skilledfundedtraders.com/ Have not been able to find many red flag complaints about traders being randomly banned etc and the metrics are decent.
It is owned by Angelo from TFT as well and is part of the easton tech crew who ran secure the bag, rocket21 and leveled up society. Same shit wrapped in the same cloth.
  • #24,520
  • Oct 23, 2023 5:17am Oct 23, 2023 5:17am
Quoting erlas7
Hi Is anyone use the FundedNext? They pay 15% during the evaluation period. I’m in the first stage of FTMO with no time limit. It takes so long because I don’t want to loose my account so I’m using very small risk. That’s why I’m looking for a another prop firm to get paid a little bit. Thanks
Stay away.
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