Prop Firm Hub | Page 1266 | 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

  • #25,301
  • Nov 2, 2023 7:29am Nov 2, 2023 7:29am
Quoting Capablanca
{quote} Assuming that they pay....
So far there hasn't been a trend of not paying. The participants in the futures sector is short on games and BS that we see in FXProp. If there was a trend of not paying it would be known fairly quickly.

If you can survive past the 90 days then there's no limit on earnings. A good chunk aren't going to make it past then. Earnings are capped for the first 90 days. That's where the cheap multiple accounts comes into play. 50K accounts you're capped at 2K per payout (or 4K per month). Scale that x10 that's 40K for the first 3 months, with a extremely cheap monthly cost. After that you keep 100% up to 25K then you keep 90% thereafter.
Trade with confidence, trade without fear.
  • #25,302
  • Nov 2, 2023 7:49am Nov 2, 2023 7:49am
Quoting forexbali
{quote} can anyone make a top 5 list of the best prop for futures

The top 3, by far, are TradeDay, Earn2Trade and Topstep.

In which order will vary for different people, according to what suits them, but those are the 3 good, reliable, honest ones.

The "counting micros as full contracts for position-sizing” thing at Topstep is very weird and might rule them out for some people.

At E2T, the TCP-50 is better than the Gauntlet Mini.

Apex is just a complete joke. They can get customers only with 90% discounts. The guy Darrell who runs it has a very bad, very shady history with binary options and nobody with many brain cells would want to do business with him.
  • #25,303
  • Nov 2, 2023 7:57am Nov 2, 2023 7:57am
Quoting Quickly
{quote} The top 3, by far, are TradeDay, Earn2Trade and Topstep. In which order will vary for different people, according to what suits them, but those are the 3 good, reliable, honest ones. The "counting micros as full contracts for position-sizing” thing at Topstep is very weird and might rule them out for some people. At E2T, the TCP-50 is better than the Gauntlet Mini. Apex is just a complete joke. They can get customers only with 90% discounts. The guy Darrell who runs it has a very bad, very shady history with binary options and nobody with...
On TradeDay you can only have 1 account. Second, E2T and Topstep are much more expensive. But you are right the Apex makes only sense with 90% discounts.
  • #25,304
  • Nov 2, 2023 7:58am Nov 2, 2023 7:58am
Quoting Cryptosurf
{quote} So far there hasn't been a trend of not paying. The participants in the futures sector is short on games and BS that we see in FXProp. If there was a trend of not paying it would be known fairly quickly. If you can survive past the 90 days then there's no limit on earnings. A good chunk aren't going to make it past then. Earnings are capped for the first 90 days. That's where the cheap multiple accounts comes into play. 50K accounts you're capped at 2K per payout (or 4K per month). Scale that x10 that's 40K for the first 3 months, with a...
I'm pumped this was discussed here........once again, Thanks to you and CableJ not only are the 10 accounts handy the first 3 months because of cap, but consider the potential of 10 accounts after the 90 days....if you just do 1/3 of what you are currently doing, it's half a mil per year......plus AMP and FTMO.
Was flat yesterday, but already pulled my $600 today, still 30 minutes from bell.
  • #25,305
  • Nov 2, 2023 8:10am Nov 2, 2023 8:10am
Quoting Capablanca
{quote} Deel was replaced with Plane in E8. I was paid by them twice in Plane. Not difficult. You submit the request in E8 site, as usual. They send you an invitation for Plane. You fill in personal details in Plane, including your bank account (important). E8 sends you the contract to sign in Plane and you sign it. In the past we had to request the payout also in Plane for E8 to approve (this was different from Deel). However I received an email this week saying that we no longer have to request the payout in Plane. So I guess you just fill in...
Yes I have been paid with Plane before. Its not bad, bit slow last time.

I Would prefer to use deel, and interested to see if they are actually using deel again. If you recall you probably recieved an email as I did, stating they had 'bought letsdeel back online' as a payout option.
  • #25,306
  • Nov 2, 2023 8:13am Nov 2, 2023 8:13am
Quoting pipmaster77
{quote} I'm pumped this was discussed here........once again, Thanks to you and CableJ not only are the 10 accounts handy the first 3 months because of cap, but consider the potential of 10 accounts after the 90 days....if you just do 1/3 of what you are currently doing, it's half a mil per year......plus AMP and FTMO. Was flat yesterday, but already pulled my $600 today, still 30 minutes from bell.
Well done. The point of any prop form is really to solve the problem that aspiring traders have. The problem of being underfunded. Once one has acquired the skills to pull money from the market, then it’s time to go on your own.

Profitable traders at brick and mortar prop firms eventually leave to go on their own. No need to split with the house.

The goal with these online props should be the same.
Trade with confidence, trade without fear.
  • #25,307
  • Nov 2, 2023 8:19am Nov 2, 2023 8:19am
Quoting Cryptosurf
{quote} Well done. The point of any prop form is really to solve the problem that aspiring traders have. The problem of being underfunded. Once one has acquired the skills to pull money from the market, then it’s time to go on your own. Profitable traders at brick and mortar prop firms eventually leave to go on their own. No need to split with the house. The goal with these online props should be the same.
Yes, what I do currently, is 50% of prop profits goes into amp. However, even after amp is "large enough", why not keep trading the props?
  • #25,308
  • Nov 2, 2023 8:23am Nov 2, 2023 8:23am
Quoting Cryptosurf
{quote} So far there hasn't been a trend of not paying. The participants in the futures sector is short on games and BS that we see in FXProp. If there was a trend of not paying it would be known fairly quickly. If you can survive past the 90 days then there's no limit on earnings. A good chunk aren't going to make it past then. Earnings are capped for the first 90 days. That's where the cheap multiple accounts comes into play. 50K accounts you're capped at 2K per payout (or 4K per month). Scale that x10 that's 40K for the first 3 months, with a...
Even with that cap this sounds pretty good 4K x 3 months = 12K if I understand correctly. For peanuts, initial fee.

I got a look into fakepilot and they have over 4.5K reviews. Looking at 1 stars I don't see anything unusual, except people claiming about support slowness or complicated rules. We know that companies tend to dispute 1 stars but some of them usually stay. I havent seen anything bad.

It may worth to drop some coins in it. I think I'll buy the cheaper one to get used to platform and dashboard and understand how that works and after that a couple of 50K.
  • #25,309
  • Nov 2, 2023 8:25am Nov 2, 2023 8:25am
Quoting pipmaster77
{quote} Yes, what I do currently, is 50% of prop profits goes into amp. However, even after amp is "large enough", why not keep trading the props?
Theres nothing wrong with keeping it. But there’s a sense of entitlement that creeps into some people’s heads. They think that trading for a firm means it’s theirs to keep. It’s not and the plug can be pulled at anytime for any reason.
Trade with confidence, trade without fear.
  • #25,310
  • Nov 2, 2023 8:28am Nov 2, 2023 8:28am
Quoting rizla101
{quote} Yes I have been paid with Plane before. Its not bad, bit slow last time. I Would prefer to use deel, and interested to see if they are actually using deel again. If you recall you probably recieved an email as I did, stating they had 'bought letsdeel back online' as a payout option.
Ouch, I had missed that one. You're right !

Dear xxxx,

Your unwavering support the past few months has fueled our relentless pursuit of excellece.

In our drive to be more open with our traders about our future plans, we will be sending out multiple emails each week so you can follow us in our journey as we release our updates.

We're thrilled to share a big update with you today.

We've brought LetsDeel back online for those who prefer it.

You've got the option to choose between two top tier payment providers letsdeel.com and plane.com

To kickstart this, we're offering a a generous 15% discount, but this won't be staying up for long.

Use Code "PayDay" wrap up this year strong.

We can't wait to see how this new chapter unfolds.

Thank you for your continued trust in us.
  • #25,311
  • Nov 2, 2023 8:31am Nov 2, 2023 8:31am
Quoting pipmaster77
{quote} Yes, what I do currently, is 50% of prop profits goes into amp. However, even after amp is "large enough", why not keep trading the props?
I think I read that up to 25K we have 100% profit split ? If so it's no harm in trading there, provided that they keep paying.
  • #25,312
  • Nov 2, 2023 8:43am Nov 2, 2023 8:43am
Quoting Capablanca
{quote} I think I read that up to 25K we have 100% profit split ? If so it's no harm in trading there, provided that they keep paying.
Correct.
  • #25,313
  • Nov 2, 2023 8:45am Nov 2, 2023 8:45am
Quoting Cryptosurf
{quote} Day 3 w/Apex. Banked $693 for each account. At this rate should complete by friday. {image}
Day 4 w/Apex. Banked $668 for each account. $377 left to complete.

Attached Image (click to enlarge)
Click to Enlarge Name: apex7.png Size: 53 KB
Trade with confidence, trade without fear.
  • #25,314
  • Nov 2, 2023 8:53am Nov 2, 2023 8:53am
Quoting TrAndy1
On TradeDay you can only have 1 account.

Another thing to like about them, IMO.

They don't want people "gaming the system," maybe they prefer to build honest relationships on a partnership basis with people with genuine trading skills?

If I were funding people to trade, on that basis, I wouldn't want people gaming the system with multiple accounts, either. Would you?


Quoting TrAndy1
Second, E2T and Topstep are much more expensive.

I think both have special offers on at the moment, probably because of the time of year.

Topstep prices from $49.

E2T 70% off, I think? Something like that?

E2T are a little different from most in that they're not the people actually doing the funding, after people pass the evaluation there: they're just the "screening house" and then introduce the successful customers to independent funding businesses.

No apparent history of payment difficulties with any of those 3 companies, anyway.

And of course all 3 are getting people on to real, live futures accounts through real brokers.

With futures, that's very easy to verify anyway: you just briefly put in a limit order very far from the current price and watch it show up on the exchange's DoM.

So there's none of this scammy business you get with CFD's where your "broker" is usually the counterparty.

And no spreads.

And all brokers have exactly the same prices, because they don't make up their own, in a transparent market.

But you know all this already, of course.
  • #25,315
  • Nov 2, 2023 8:56am Nov 2, 2023 8:56am
Quoting Capablanca
{quote} Even with that cap this sounds pretty good 4K x 3 months = 12K if I understand correctly. For peanuts, initial fee. I got a look into fakepilot and they have over 4.5K reviews. Looking at 1 stars I don't see anything unusual, except people claiming about support slowness or complicated rules. We know that companies tend to dispute 1 stars but some of them usually stay. I havent seen anything bad. It may worth to drop some coins in it. I think I'll buy the cheaper one to get used to platform and dashboard and understand how that works and...
the 50K is by far the best value......your DD does not multiply equally on larger accounts as it does in fx props. The 25K and 50K also offer the best target to DD to pass. I will be doing 10 x 50K. From our previous conversations, I already assume you've figured that out.
On another note, yu can buy all 10 at the sales price, they will still renew at 30 days from purchase, not from first trade......but who cares, so now your at $50 (17+33). Of course, if there is always a sale, guess it doesn't matter.
  • #25,316
  • Nov 2, 2023 8:57am Nov 2, 2023 8:57am
Quoting Quickly
{quote} Another thing to like about them, IMO. They don't want people "gaming the system," maybe they prefer to build honest relationships on a partnership basis with people with genuine trading skills? If I were funding people to trade, on that basis, I wouldn't want people gaming the system with multiple accounts, either. Would you? {quote} I think both have special offers on at the moment, probably because of the time of year. Topstep prices from $49. E2T 70% off, I think? Something like that? E2T are a little different from most in that they're...
People behind E2T has shady history. The CEO got fined huge for installing a Ponzi scheme. Just make your background info here. By far the worst management ever.

https://www.tradingschools.org/ryan-...ed-with-fraud/

https://www.cftc.gov/PressRoom/PressReleases/8231-20
  • #25,317
  • Nov 2, 2023 8:58am Nov 2, 2023 8:58am
Quoting Cryptosurf
{quote} Theres nothing wrong with keeping it. But there’s a sense of entitlement that creeps into some people’s heads. They think that trading for a firm means it’s theirs to keep. It’s not and the plug can be pulled at anytime for any reason.
Of course, I'm just saying, even when you have met your equity goal on personal account, nothing wrong with continuing to pull money from props for as long as you can.
  • #25,318
  • Nov 2, 2023 9:04am Nov 2, 2023 9:04am
TST used to kick out people that gamed the system when they had forex.

For gaming the system I mean making some profit and withdraw it all so that the account was violated and terminated (forex was also trailing DD).

Doing that multiple times gave people the exit ticket and ban. I'm not sure how they operate with futures, if they still ban people that withdraw and violate multiple times (they don't have fx any longer).
  • #25,319
  • Nov 2, 2023 9:08am Nov 2, 2023 9:08am
Quoting TrAndy1
People behind E2T has shady history. The CEO got fined huge for installing a Ponzi scheme.

No, that's just completely wrong.

E2T didn't even exist at the time of that alleged wrongdoing, and in any case Masten was no longer associated with E2T in any capacity (not an owner, not an employee) by the time it was all resolved. It never had anything to do with E2T anyway.

This has all been dealt with very repeatedly and very publicly, and what you're saying there is just completely wrong.

And as Quickly mentioned above, E2T isn't even the funding company anyway!

But apart from all that, well done (as ever!).


Quoting TrAndy1
https://www.tradingschools.org/ryan-...ed-with-fraud/ https://www.cftc.gov/PressRoom/PressReleases/8231-20

Lololololololol, he's a fine one to talk about "fraud"!! His "information" is about as reliable as most of yours.
  • #25,320
  • Nov 2, 2023 9:10am Nov 2, 2023 9:10am
Quoting pipmaster77
{quote} Of course, I'm just saying, even when you have met your equity goal on personal account, nothing wrong with continuing to pull money from props for as long as you can.
Hell yeah, ride the gravy train as long as you can!
Trade with confidence, trade without fear.
49 traders viewing now