Prop Firm Hub | Page 1262 | 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

  • #25,221
  • Nov 1, 2023 6:33am Nov 1, 2023 6:33am
Quoting turnip15
{quote} Rather than pay their monthly fees it would suit many better to save up those fees to fund a micro Futures account or simply put a small sum like $1000 to fund such Micro Future account ( AMP and Tradovate have an intraday margin of $50 for example) - wire money to and from the bank outside USA or ACH within USA.
Not so easy, I can't afford now. I would need for my scalping around 50 range micros to trade at the best.

This would mean and account 50x50 = 2500$ for just 10 points to go to zero

I need to trade safely to have a margin of around 20-25 points, so this would make my minimum account size to trade micros at around 5000$+

While with prop account, I can risk more, and achieve that with less.

But I get your point of course. I would do it.
in holiday till end of November
  • #25,222
  • Nov 1, 2023 7:31am Nov 1, 2023 7:31am
Quoting Capablanca
APEX, like others, it's just a videogame. They are registered in US (to be able to have live data from CME without issues) but not regulated because it's just a videogame. This is from their T&C: Apex Trader Funding Inc, hereinafter referred to as COMPANY and all of its services are purely for educational purposes. COMPANY adamantly states that nothing in any of its software, tools, websites, webinars and other communication method constitutes a solicitation, promotion, endorsement, offer, or recommendation to buy or sell any investment vehicle....
It's begins as a video game UNTIL

"before being moved into a live money actual funded account."
  • #25,223
  • Nov 1, 2023 7:52am Nov 1, 2023 7:52am
Quoting Stoneyrocks
{quote} It's begins as a video game UNTIL "before being moved into a live money actual funded account."
"...whether simulated trades where copied or not or live trades..."

MFF also had some traders stp but that was a very very very small % or all funded traders.
  • #25,224
  • Nov 1, 2023 8:02am Nov 1, 2023 8:02am
Alpha Capital offering 30% discount at the moment..
  • #25,225
  • Nov 1, 2023 8:07am Nov 1, 2023 8:07am
Quoting Lrg
Alpha Capital offering 30% discount at the moment..
two things that literally stopped me last minute before buying their challenge no refund on fees and no crypto withdrawal
Extreme gut feeling trader
  • #25,226
  • Nov 1, 2023 8:08am Nov 1, 2023 8:08am
Btw update on my 200k challenges good day today recovered 3+ percent drawdown back to break even
Attached Image(s) (click to enlarge)
Click to Enlarge Name: F165B8B7-3605-4026-BC68-B44D496D1E6B.png Size: 29 KB
Click to Enlarge Name: AEBEFE54-03E7-4F22-8945-F2CBB167893A.png Size: 42 KB
Extreme gut feeling trader
  • #25,227
  • Edited 8:28am Nov 1, 2023 8:09am | Edited 8:28am
Quoting Capablanca
{quote} "...whether simulated trades where copied or not or live trades..." MFF also had some traders stp but that was a very very very small % or all funded traders.
What you are quoting is in the paragraph related to the profits on the SIM account on which you BEGIN ,

"
. For the purpose of simulated profit made in a pa account sim payout, compensation is based on the performance achieved in the simulated account. It's apex's obligation to fulfill payouts of amount due to customer as an independent contractors from simulated accounts whether simulated trades where copied or not or live trades where made or not and Apex shall make those payouts from available Apex membership fees, revenues, copy or live trading."

After you keep making consistent profits , they will move you to an actual live account
With earn2trade you can choose if you want a livesim or actual live account after the evaluation , the next steps after this are only actual live accounts

you can control if you are actually connected to the exchange when they claim you are on an actual live account so that leaves out ANY doubts unlike with the Forex prop shops
  • #25,228
  • Nov 1, 2023 8:18am Nov 1, 2023 8:18am
Based on the trading conditions…… avoid e8cap broker too much slippage and even tp closing 2 pips below…. Thinkmarkets and purple trading are alright
Extreme gut feeling trader
  • #25,229
  • Nov 1, 2023 8:20am Nov 1, 2023 8:20am
Quoting Stoneyrocks
{quote} What you are quoting is related to the profits on the SIM account on which you BEGIN , " . For the purpose of simulated profit made in a pa account sim payout, compensation is based on the performance achieved in the simulated account. It's apex's obligation to fulfill payouts of amount due to customer as an independent contractors from simulated accounts whether simulated trades where copied or not or live trades where made or not and Apex shall make those payouts from available Apex membership fees, revenues, copy or live trading." After...
It's easy. People can make an audit trail and look for the execution of their trades in the exchange (or checking tick data from any vendor and see if the trades are there using their time stamp).

There's plenty of information for people to read, think, analyze and conclude for themselves if they are trading in live market or not.
  • #25,230
  • Nov 1, 2023 8:26am Nov 1, 2023 8:26am
Quoting montygoldy
{quote} two things that literally stopped me last minute before buying their challenge no refund on fees and no crypto withdrawal
If you're interested in Alpha you may contact them to see what is this. I think this didn't exist and it may be something to replace the refund fee (maybe legal questions ?):
https://help.alphacapitalgroup.uk/en...ance-fee-bonus

I'm funded with them and I still received the refund. This is something new and I have no idea what is it.

For crypto you're right. No option for that.

One thing I don't like in the payout of Alpha is that you can't miss the payout dates. If the payout is today and you prefer not to withdraw to make some more money, then you need to wait another 14 days. In many props you could still withdraw tomorrow or Friday or next week.

On the positive side, they have been extremely fast paying (only a couple of hours).
  • #25,231
  • Nov 1, 2023 8:31am Nov 1, 2023 8:31am
Quoting forexbali
{quote} Not so easy, I can't afford now. I would need for my scalping around 50 range micros to trade at the best. This would mean and account 50x50 = 2500$ for just 10 points to go to zero I need to trade safely to have a margin of around 20-25 points, so this would make my minimum account size to trade micros at around 5000$+ While with prop account, I can risk more, and achieve that with less. But I get your point of course. I would do it.
Have you actually researched Futures Micros and or contacted a Futures broker?
every Saint has a past. Every Sinner has a Future
  • #25,232
  • Nov 1, 2023 8:32am Nov 1, 2023 8:32am
Quoting montygoldy
Based on the trading conditions…… avoid e8cap broker too much slippage and even tp closing 2 pips below…. Thinkmarkets and purple trading are alright
About Purple, I'm testing funded engineer and yesterday on the top of their spreads I had bad slippage -> 1.2 pips in less than 5 lots EURUSD out of news.
I then added another 2 lots and another 0.8 pips slippage. This is still a challenge phase, not a funded account. I found too much.
  • #25,233
  • Nov 1, 2023 8:34am Nov 1, 2023 8:34am
Quoting forexbali
{quote} Not so easy, I can't afford now. I would need for my scalping around 50 range micros to trade at the best. This would mean and account 50x50 = 2500$ for just 10 points to go to zero I need to trade safely to have a margin of around 20-25 points, so this would make my minimum account size to trade micros at around 5000$+ While with prop account, I can risk more, and achieve that with less. But I get your point of course. I would do it.
AMP futures has ridiculous low margins for day trading futures (I'm not a trader there but I know several people that are there and very satisfied).
  • #25,234
  • Nov 1, 2023 8:49am Nov 1, 2023 8:49am
Quoting Capablanca
{quote} About Purple, I'm testing funded engineer and yesterday on the top of their spreads I had bad slippage -> 1.2 pips in less than 5 lots EURUSD out of news. I then added another 2 lots and another 0.8 pips slippage. This is still a challenge phase, not a funded account. I found too much.
i had .5pip slippage on average
Extreme gut feeling trader
  • #25,235
  • Nov 1, 2023 8:52am Nov 1, 2023 8:52am
Quoting Capablanca
{quote} About Purple, I'm testing funded engineer and yesterday on the top of their spreads I had bad slippage -> 1.2 pips in less than 5 lots EURUSD out of news. I then added another 2 lots and another 0.8 pips slippage. This is still a challenge phase, not a funded account. I found too much.
yes, purple is too bad in slippage.

I lost once...in purple.

Infact they failed me.

Use only think markets
Intraday only.
  • #25,236
  • Nov 1, 2023 8:57am Nov 1, 2023 8:57am
Anyone checked the copy trading tool when for example 20 times 10 contracts are executed, does it affect slippage a lot on Apex because of lower best bid or offer size?
  • #25,237
  • Nov 1, 2023 8:59am Nov 1, 2023 8:59am
Quoting labu
Just did some tests here with 2019 market and NQ manual trading very slow volatility back then apparently compared to these days. Still being a newbie right compared prop firms to if using actual own funds. If just starting with funds with only $1000 with and 24h wake time with non stop trading and using longer time frame and few entries each day for a month. With martingale sometimes too. The profit would been twice as much if not using a "forex" prop firm just with $1000 investment and not hitting the DD of -$1000. Compared to a prop firm having...
the "With martingale sometimes" (with martingale you mean you by again i loss to average down and again and again without SL? - or you mean grid trading ,when you can analyse good is still wrong in 90% of strategy cases, but here at least is SL and not unlimited buy in loss again and again) too then your risk to lose is there any day, so you cant bring in all your money and get big wins and make it a big deal. so against your martingale strategy can be a prop a good strategy. for a strategy with a good edge inside, your words are correct. if a strategy have bigger edge and trader is a trader (so already has experience and the character of a trader ) and has some money in account then private account trading is much superior against prop accounts. but when one of the 3 is missing, you can never start trading as professional trader , prop looks better in this case (when more then one missing it looks even better). prop has nothing to do with real market trading, but the traders inside are also no real traders, so thatswhy it can work and be better choice for some against real market trading.
  • #25,238
  • Nov 1, 2023 9:03am Nov 1, 2023 9:03am
Today MFF defense was published.
https://www.financemagnates.com/fore...-its-business/ Finance magnates did an article.

I have read the defense from pacer, its quite good covers most grounds havent looked at the supporting documents though as I am on the move.
  • #25,239
  • Nov 1, 2023 9:12am Nov 1, 2023 9:12am
I passed the APEX in 12 hours, +1570 in scalping.

And now? what I need to wait? let me know
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2023-11-01 at 15.09.26.png Size: 7 KB
Click to Enlarge Name: Screenshot 2023-11-01 at 15.17.47.png Size: 62 KB
in holiday till end of November
  • #25,240
  • Nov 1, 2023 9:14am Nov 1, 2023 9:14am
Quoting turnip15
{quote} Have you actually researched Futures Micros and or contacted a Futures broker?
I was an introducing broker since 2002-2003 with 1000+ clients, one man broker.

I know about it, unfortunately right now I can't trade with my own money. A royal family scammed my family and I'm in a court case against them.

It's a long story... they frauded me everything.
in holiday till end of November
57 traders viewing now