Prop Firm Hub | Page 1278 | 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

  • #25,541
  • Nov 5, 2023 4:42am Nov 5, 2023 4:42am
Quoting Nsak3y
{quote}-I do not hold any real opinion about Angelo, as I do not know him personally. But I see glimpses of sociopathic behavior at times. It could just be all of the success, though.
Attached Image (click to enlarge)
Click to Enlarge Name: Angelo.PNG Size: 29 KB

Adding to this now he has the independent review site to praise TFT and downgrade competitors.

Too much sh* in my opinion.
  • #25,542
  • Nov 5, 2023 4:44am Nov 5, 2023 4:44am
Quoting Expo33
For entertainment purposes only Someone on Twitter tried to pimp this firm out to me so I took a look https://brightfunded.com/ Checked out their About page and was like wow, these guys look impressive {image} And then I scrolled down to see the TikTok 12-year-old CEO and his COO brother. {image}
Maybe they are those kids that finish engineer in Harvard at the age of 15.
  • #25,543
  • Nov 5, 2023 5:44am Nov 5, 2023 5:44am
Quoting youngD
{quote} I think only MFFX got futures, it's not new Bali, they started over month ago. I tried but failed few weeks ago, anyway everything work smoothly.
1 month it's quite recent, thanks. They are doing great and their website easy to navigate, clean, nice dashboard.

There are so many websites to check forex+futures that to have time to stay up to date...
in holiday till end of November
  • #25,544
  • Nov 5, 2023 6:09am Nov 5, 2023 6:09am
Yeah, it is even more important now to know all the current discount codes than all prop firms.
  • #25,545
  • Nov 5, 2023 6:12am Nov 5, 2023 6:12am
I was checking the APEX commissions, for micros for example their rate is 0.52 or 1.04 round turn.
Interactive brokers charge 0.47 per side all in that can be lowered up to 0.32

It is even lower of the lifetime commissions you can get as customer, lifetime, of Tradovate and NinjaTrader

An higher commissions would make 1 tick a loss, while you are still in profit closing a trade with 1 tick.

This is an example of TopStep commissions and earn2trade, much higher, so for who is doing scalping, thousands of lots per month, keep in mind
to check fees, because it can have a huge impact of thousands dollars at the end of month.

In a quick search, in order the cheapest APEX followed by EliteTraderFunding, but some of others big name can start to cost a lot in higher commissions if you trade over 1000-2000 lots per month.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2023-11-05 at 13.11.23.png Size: 29 KB
Click to Enlarge Name: Screenshot 2023-11-05 at 13.14.33.png Size: 23 KB
Click to Enlarge Name: Screenshot 2023-11-05 at 13.15.45.png Size: 12 KB
Click to Enlarge Name: Screenshot 2023-11-05 at 13.17.28.png Size: 13 KB
in holiday till end of November
  • #25,546
  • Nov 5, 2023 6:20am Nov 5, 2023 6:20am
Quoting TrAndy1
Yeah, it is even more important now to know all the current discount codes than all prop firms.
Thanks for your feedback. Good idea to focus on what you said. I will think to it.
in holiday till end of November
  • #25,547
  • Nov 5, 2023 6:33am Nov 5, 2023 6:33am
I think if someone is trading us indeces like dow for example got so many opportunities now like never before. Forex props futures props etc. Us30 is like ATM moving all day long.
  • #25,548
  • Nov 5, 2023 6:43am Nov 5, 2023 6:43am
Quoting youngD
I think if someone is trading us indeces like dow for example got so many opportunities now like never before. Forex props futures props etc. Us30 is like ATM moving all day long.
Agreed, money rains from the sky everyday with them.
Trade with confidence, trade without fear.
  • #25,549
  • Nov 5, 2023 8:52am Nov 5, 2023 8:52am
I don't see reason to trade forex since long time, only sometimes do that. Spread widening all the time with FX. Since months not trade Dax even, I used to during EU session. It is better watch us indeces reaction on Dax movements and trade us indeces even on EU session. It's my personal opinion , but I am very happy with my approach, basically i am able to spot trading opportunities all day long during EU Us session.
  • #25,550
  • Nov 5, 2023 9:18am Nov 5, 2023 9:18am
A guy that passed a challenge with Fidelcrest was denied the funded account. He went to court and court ordered Fidelcrest to pay 840K USD !

Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 53 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2.PNG Size: 52 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 3.PNG Size: 68 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 4.PNG Size: 51 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 5.PNG Size: 8 KB
  • #25,551
  • Edited 9:45am Nov 5, 2023 9:32am | Edited 9:45am
Quoting Capablanca
A guy that passed a challenge with Fidelcrest was denied the funded account. He went to court and court ordered Fidelcrest to pay 840K USD ! {image} {image} {image} {image} {image}
What ? Is that 840k a fine or does this guy gets 840k ? If that makes the round Fidelcrest and other props might be finished with more and more court orders. Oh man.
  • #25,552
  • Nov 5, 2023 10:18am Nov 5, 2023 10:18am
Quoting TrAndy1
{quote} What ? Is that 840k a fine or does this guy gets 840k ? If that makes the round Fidelcrest and other props might be finished with more and more court orders. Oh man.
That was what the court sentenced Fidelcrest to pay him based in what his lawyer requested:
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 20 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2.PNG Size: 43 KB


Props know that very little people have the time, resources and money to go against them in court.

(something that is noted is that props tend to refuse payout or ban people that don't live in the same country where they are based)
  • #25,553
  • Nov 5, 2023 10:50am Nov 5, 2023 10:50am
Quoting Capablanca
{quote} That was what the court sentenced Fidelcrest to pay him based in what his lawyer requested: {image} {image} Props know that very little people have the time, resources and money to go against them in court. (something that is noted is that props tend to refuse payout or ban people that don't live in the same country where they are based)
Interesting indeed. Since its coming from a bankruptcy court, it looks like he is making the argument that he wouldn't be insolvent if Fieldcrest paid what was owed.
Trade with confidence, trade without fear.
  • #25,554
  • Nov 5, 2023 10:56am Nov 5, 2023 10:56am
Quoting Capablanca
A guy that passed a challenge with Fidelcrest was denied the funded account. He went to court and court ordered Fidelcrest to pay 840K USD ! {image} {image} {image} {image} {image}

Hard lesson for the prop company. Sure for 1 million account 840K is acceptable
  • #25,555
  • Nov 5, 2023 11:08am Nov 5, 2023 11:08am
Inserted Video
  • #25,556
  • Nov 5, 2023 11:12am Nov 5, 2023 11:12am
Quoting Cryptosurf
{quote} Interesting indeed. Since its coming from a bankruptcy court, it looks like he is making the argument that he wouldn't be insolvent if Fieldcrest paid what was owed.
Heheh, the guy can say that he already spent counting with all that money.

Jokings apart, now he still need to go and execute the sentence, as far as I understand, but anyway it's nice to see courts ruling this way favoring traders against shady behaviors
  • #25,557
  • Nov 5, 2023 11:20am Nov 5, 2023 11:20am
Quoting TrAndy1
https://www.youtube.com/watch?v=WTm-b0vbNX0
Good software but really expensive when compared to challenge fees. Do they have one time fees model.
70$ monthly is good when PA accounts passed withdrawal threshold otherwise replikanto trade copier is the way to go as you can buy 2 VM with more or less same fees and run rithmic on cloud.
  • #25,558
  • Nov 5, 2023 11:23am Nov 5, 2023 11:23am
Quoting Capablanca
{quote} Heheh, the guy can say that he already spent counting with all that money. Jokings apart, now he still need to go and execute the sentence, as far as I understand, but anyway it's nice to see courts ruling this way favoring traders against shady behaviors
Yeah that’s the tough part since it’s offshore and beyond US jurisdiction. However it’s sets a bad precedent for them as they now have a big black mark on their reputation.
Trade with confidence, trade without fear.
  • #25,559
  • Nov 5, 2023 11:49am Nov 5, 2023 11:49am
Quoting TrAndy1
https://www.youtube.com/watch?v=WTm-b0vbNX0
You was right about Quantower, or even some other user here said that is a good option for copytrading.

The one they give for free in topstep, tradingpit can be used to load accounts of other prop also, or you need to buy the license?
in holiday till end of November
  • #25,560
  • Edited 12:02pm Nov 5, 2023 11:51am | Edited 12:02pm
Quoting forexbali
{quote} You was right about Quantower, or even some other user here said that is a good option for copytrading. The one they give for free in topstep, tradingpit can be used to load accounts of other prop also, or you need to buy the license?
You can use copy trader in free version I think. But did not validate this. But I think this is free. See here it is free in free version:

https://help.quantower.com/quantower...nse-comparison

https://help.quantower.com/quantower...s/copy-trading

So anyone paying the $150 fee for copy trader license or Replikanto tool on Ninjatrader would throw money out of the window. It is all free from what I am reading.
48 traders viewing now