Prop Firm Hub | Page 1274 | 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

  • #25,461
  • Nov 3, 2023 2:46pm Nov 3, 2023 2:46pm
Quoting WtraderM
{quote} Thank you for the reply although I'm still unsure what is the final position on futures trading by retail investors based on these reports... " BaFin - Pressemitteilungen - Produktintervention: BaFin will Privatkunden bei Handel mit Futures … " the "freelancer" and based on the freelncer list is not recognized by the tax office so the solution is to start a company but because I had read in comments...
Hi,
wenn du ein Echtgeldkonto/ Fremdgeldkonto handeln möchtest, dann benötigst du den Berufsabschluss / die Qualifikation. Die BaFin wird die sonst sehr schnell den Laden dicht machen.
Bei virtuellen Konten kannst du einen Freiberufler anmelden. Auch da musst du bei der Anmeldung hartnäckig bleiben. Du verkaufst dein Wissen, dafür bekommst du eine Provision. Sonst schieben sie dich Ruckzuck ins Gewerbe.

Grüße
Chiss
  • #25,462
  • Edited 3:49pm Nov 3, 2023 3:39pm | Edited 3:49pm
Quoting Capablanca
{quote} The lawyers they picked are top (and I guess very expensive). On of the lawyers joining the team even went out of DoJ very recently (a couple of weeks).
The shit the CFTC were trying to pull was nuts. Freeze all assets with a secret court order based on a false claim that Canadian tax payments were fraudulent and customer deposits/investments were at risk when there are no deposits/investments from customers. Selectively leaking the "Slip them to hell" quote when they knew damn well the completely non damaging full context of that discussion. A rushed hearing date <2 weeks after the freeze when MFF would have no legal representation since they had no access to funds to pay them. Receiver doing nothing about false chargebacks when MFF & Payment vendors were offering assistance, receiver trying to bully MFF into transferring all assets to him before a formal hearing in court... pure madness
  • #25,463
  • Nov 3, 2023 3:46pm Nov 3, 2023 3:46pm
Quoting Capablanca
{quote} No minimum time to open / close like 2 minutes ?
I have not seen anything about minimum trade time. There is a youtuber that scalps with Apex and is typically in/out in 5-10 seconds.
  • #25,464
  • Nov 3, 2023 4:11pm Nov 3, 2023 4:11pm
Futures prop where you can hold trades over weekend and overnight if you choose diamond hand type challenge. End of day trailing drawdown and daily loss. Maybe someone will be interested. Never tried them.

https://elitetraderfunding.com/products/
  • #25,465
  • Edited 4:52pm Nov 3, 2023 4:26pm | Edited 4:52pm
Now here is something i will try for sure tick tick trader express type account 100k for 99$. No trailing dd, no daily DD, very good offer, company got almost 5000 reviews on trust pilot. Time to pass 15 days i think i found the catch. Withdrawal only above what is called safety threshold, if I understand correctly you can only withdraw profits above this levels.

https://tickticktrader.com/
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-11-03-21-47-18-925_com.android.chrome.jpg Size: 574 KB
  • #25,466
  • Nov 3, 2023 4:43pm Nov 3, 2023 4:43pm
Quoting Cryptosurf
I was reminded by my boy driven18 of the importance of keeping an eye on Apex's trailing DD. {quote} {image} Its a Intraday scalpers paradise and have stay frosty. Once you're up by a good amount then call it day.
Hum... What's the point of stopping if you're in a good run ?
Nothing changes when you restart the next day. There's no daily max so the limits are exactly the same from the previous day.

In other words, if you made 20 trades today, the 21st will have the same DD limits than the 1st trade the next day if you stop at 20th trade.

Or you mean to avoid overtrading and greedy ? That I can understand, of course.
  • #25,467
  • Nov 3, 2023 5:06pm Nov 3, 2023 5:06pm
Quoting youngD
Futures prop where you can hold trades over weekend and overnight if you choose diamond hand type challenge. End of day trailing drawdown and daily loss. Maybe someone will be interested. Never tried them. https://elitetraderfunding.com/products/
that's only for the challenge. it's not allowed
"Am I allowed to hold trades overnight?
A No. You are not allowed to hold trades overnight.
All trades MUST be closed 1 minute before the close of the market. Different instruments have different market closing times. It is your responsibility to know these and close your positions before the respective market closes. Holding a position past market closing time will result in the failure of your evaluation or Elite account. Holding a position past market close in your Elite account will result in a forfeit of profits with account closure.
Example: ES traders must close all positions before 3:59pm Central Standard time on a normal market hours trading day. New trades may be opened at 5pm Central Standard time.
It is the traders responsibility to know holiday trading hours that may vary."

In contrast, the tradingpit allows you to hold trades till Friday I think--> "Can I hold open positions over the Weekend in Futures Challenges?
We don't allow traders to hold open positions over the weekend, but during the week feel free to leave an overnight position if it fits your strategy."
  • #25,468
  • Nov 3, 2023 5:13pm Nov 3, 2023 5:13pm
Quoting Markula
{quote} that's only for the challenge. it's not allowed "Am I allowed to hold trades overnight? A No. You are not allowed to hold trades overnight. All trades MUST be closed 1 minute before the close of the market. Different instruments have different market closing times. It is your responsibility to know these and close your positions before the respective market closes. Holding a position past market closing time will result in the failure of your evaluation or Elite account. Holding a position past market close in your Elite account will result...
Almost all prop firm requires you to close position at EOD, Apex does automatically.
Trading pit allows only 1 account where as elitetradingfirm is same as Apex 20 accounts with more or less same rules except withdrawal (it is more restrictive)
Futures prop firms are designed for day trading not swing.
  • #25,469
  • Nov 3, 2023 5:15pm Nov 3, 2023 5:15pm
Quoting sampat
{quote} Almost all prop firm requires you to close position at EOD, Apex does automatically. Trading pit allows only 1 account where as elitetradingfirm is same as Apex 20 accounts with more or less same rules except withdrawal (it is more restrictive) Futures prop firms are designed for day trading not swing.
yea that's sad for them.
  • #25,470
  • Nov 3, 2023 5:18pm Nov 3, 2023 5:18pm
There is one plan which allowes holding. Check diamond hand plan
  • #25,471
  • Nov 3, 2023 5:19pm Nov 3, 2023 5:19pm
Quoting youngD
There is one plan which allowes holding. Check diamond hand plan
let us know how it works out, I was looking at diamond hands too, if you get paid, then I'll try too
  • #25,472
  • Nov 3, 2023 5:24pm Nov 3, 2023 5:24pm
Quoting Capablanca
{quote} Hum... What's the point of stopping if you're in a good run ? Nothing changes when you restart the next day. There's no daily max so the limits are exactly the same from the previous day. In other words, if you made 20 trades today, the 21st will have the same DD limits than the 1st trade the next day if you stop at 20th trade. Or you mean to avoid overtrading and greedy ? That I can understand, of course.
Im thinking the greed and over trading is where most fail.
Trade with confidence, trade without fear.
  • #25,473
  • Nov 3, 2023 5:35pm Nov 3, 2023 5:35pm
Quoting CableJ
{quote} The shit the CFTC were trying to pull was nuts. Freeze all assets with a secret court order based on a false claim that Canadian tax payments were fraudulent and customer deposits/investments were at risk when there are no deposits/investments from customers. Selectively leaking the "Slip them to hell" quote when they knew damn well the completely non damaging full context of that discussion. A rushed hearing date <2 weeks after the freeze when MFF would have no legal representation since they had no access to funds to pay them. Receiver...
the truth is so always hard to discern. we may never know the real truth regardless of what happens.
  • #25,474
  • Nov 3, 2023 5:51pm Nov 3, 2023 5:51pm
Which is the best program of tradingpit for futures, and do you think can be a good alternative to APEX?
Which program would you use seem that there is a scaling?
a max dradown, higher of the daily drawdown, and 2, 2.5 and 3 times higher of the profit goal is a plus?
Also in some program they offer full book quotes for free.
Ok. They offer less % payout at 70 and 80% max.
Which is the best platform for scalping with a good dome and chart easy to customise of the one they offer for free?
Is quantower the best?

Quoting CableJ
{quote} I have not seen anything about minimum trade time. There is a youtuber that scalps with Apex and is typically in/out in 5-10 seconds.
Please can you show me the youtuber? I would like to see how it does. Thank you!!

Quoting sampat
{quote} Almost all prop firm requires you to close position at EOD, Apex does automatically. Trading pit allows only 1 account where as elitetradingfirm is same as Apex 20 accounts with more or less same rules except withdrawal (it is more restrictive) Futures prop firms are designed for day trading not swing.
I checked today well all tradingpit offer. I think that they offer just 1 account only because they have a scaling plan where you can arrive up to 25000 drawdown and 50.000 profit level. Something that you can't do with other props.

I think can be a good alternative to diversify, but I wait somebody will give tips about which program can be the best. Also they lack of platforms for MAC they like or tradovate (I wrote yesterday and they said they will add it in 2024), so windows is 100% needed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2023-11-03 at 23.47.10.png Size: 139 KB
Click to Enlarge Name: Screenshot 2023-11-03 at 23.47.26.png Size: 69 KB
in holiday till end of November
  • #25,475
  • Edited 6:33pm Nov 3, 2023 6:18pm | Edited 6:33pm
Quoting youngD
Futures prop where you can hold trades over weekend and overnight if you choose diamond hand type challenge. End of day trailing drawdown and daily loss. Maybe someone will be interested. Never tried them. https://elitetraderfunding.com/products/
Nice offers and plans, it seem like an alternative to APEX. I remember many people in the past mentioned elite.

There are also sales, discounts today.

Which is their reputation now? is it safe? I will check the rules and platforms now.

Update: I checked and they offer Tradovate that i like. Trustpilot has few, but good reviews.
in holiday till end of November
  • #25,476
  • Nov 3, 2023 6:23pm Nov 3, 2023 6:23pm
I've seen good things said about bulenox... 11 max account, BUT can only activate 1 @ a time after each have reached payment thresholds... They typically run sales around same time as Apex
  • #25,477
  • Edited 10:10pm Nov 3, 2023 6:34pm | Edited 10:10pm
APEX and EliteTraderFunding are offering Tradovate, there is some other reputable futures prop offering Tradovate?

Today elitetrader funding is doing a -60% offer, just for an hour more, what is interesting are their static DD programs

Interesting rule in EliteTrader, ok the lowered to max 3 from 20 accounts, but for your eval you pass in excess it seem that the "pause" the renewal till you will add in the funded group. Isn't it good compared to apex?

However till 7 november, the APEX discount make all other competitors programs expensive.
The unique different product I see for the scaling of contracts, and DD, is the tradingpit.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-11-04 at 03.31.03.png Size: 156 KB
in holiday till end of November
  • #25,478
  • Nov 3, 2023 11:12pm Nov 3, 2023 11:12pm
Are there any futures props that allow traders to pass the evaluation with big lots in just one day and then trade micro lot for the remaining days? Really hate consistency rules, and trailing drawdown.
  • #25,479
  • Nov 3, 2023 11:22pm Nov 3, 2023 11:22pm
Quoting ladder
Are there any futures props that allow traders to pass the evaluation with big lots in just one day and then trade micro lot for the remaining days? Really hate consistency rules, and trailing drawdown.
No unless you straddle news. They love traders to pass evaluation so they can charge 10 times fees for example in apex with current discount you can get 50K in 17$ but once you pass Eval you need to pay 140$ and than again pass target threshold like eval (as there is trailing threshold and withdrawal restrictions)
You can't do such approach on PA (live account) as they have 30% or 40% consistency rule. I take my words back you can do but you need to do it 3 times more with more or less same results for example if I have 50K account and I make 2K one day I need to make over all 6K and god forbid if I make 4K after making 2K on prvious day day I need to make at least 12K to be eligible for withdrawal.
So short answer you can do whatever you like on Evaluation (some firm like apex restrict news straddle but overall its oke)
On Live account (PA) there are restrictions like FTMO you can't hold trades on news, cannot straddle etc.
  • #25,480
  • Nov 3, 2023 11:41pm Nov 3, 2023 11:41pm
Quoting sampat
{quote} So short answer you can do whatever you like on Evaluation (some firm like apex restrict news straddle but overall its oke) On Live account (PA) there are restrictions like FTMO you can't hold trades on news, cannot straddle etc.
Thanks. I just want to pass the evaluation asap, so I do not want any consistency rules during evaluation. Although I hate consistency rules, once funded, I can accept them and trade slowly and consistently.
60 traders viewing now