Prop Firm Hub | Page 1336 | 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

  • #26,701
  • Nov 28, 2023 11:07am Nov 28, 2023 11:07am
Quoting mcquak
{quote} How about read yourself? https://www.trustpilot.com/review/pu...ng.com?stars=1
All from the same country "sk", kinda sus if you ask me
  • #26,702
  • Nov 28, 2023 11:23am Nov 28, 2023 11:23am
Quoting juri93
{quote} All from the same country "sk", kinda sus if you ask me
Right, all SK and all on the same day. That does not seem legit.
  • #26,703
  • Nov 28, 2023 11:23am Nov 28, 2023 11:23am
Quoting mcquak
{quote} How about read yourself? https://www.trustpilot.com/review/pu...ng.com?stars=1
believe or not I did. I just though someone could know more than just the reviews themselves. The numbers as well as the origin are suspicious enough to understand this is very unusual. But who would initiate it and why? That's what I'm wondering
Money is made by sitting, not trading
  • #26,704
  • Nov 28, 2023 11:41am Nov 28, 2023 11:41am
Quoting Vitore
Anyone knows what went wrong about Purple Trading on Nov 14-15? They received 17 (out of 25 total) 1* reviews just on these two days dropping down to 2.3* overall on Trustpilot{image}{image}
14th was one of the most epic days this year with the CPI data and consequent wild spike. I guess this was the main cause.

I had some stops very far away and they were hit, with bad slippage, on that news release. And my positions are small, so the loss is not too much, but can imagine all the gamblers with high leverage being completely wiped out.
  • #26,705
  • Nov 28, 2023 11:43am Nov 28, 2023 11:43am
Quoting juri93
{quote} All from the same country "sk", kinda sus if you ask me
Hummmm.... could it be competition ? I know that Funded Engineer use them (and they are trying to build a decent reputation) and recently E8 also announced Purple.
  • #26,706
  • Nov 28, 2023 11:45am Nov 28, 2023 11:45am
We've been talking a lot about Apex here but no one, at least that I remember, received any payout. Would be nice if the first contestant could share when he/she received it and how did it go. Thanks.
  • #26,707
  • Nov 28, 2023 12:27pm Nov 28, 2023 12:27pm
Quoting Capablanca
We've been talking a lot about Apex here but no one, at least that I remember, received any payout. Would be nice if the first contestant could share when he/she received it and how did it go. Thanks.
I agree. What I have been seeing on discord are people from outside the US who are not getting timely payouts or customer support response. Apex recently changed from Wise to Plane for “International” or non-US customers. Let’s hope this is just a transition period, esp for us, non-US folks.
  • #26,708
  • Nov 28, 2023 1:18pm Nov 28, 2023 1:18pm
Quoting Contessa22
{quote} I agree. What I have been seeing on discord are people from outside the US who are not getting timely payouts or customer support response. Apex recently changed from Wise to Plane for “International” or non-US customers. Let’s hope this is just a transition period, esp for us, non-US folks.
Thanks for the insight. It's good to share these little pieces of information that we all pick here and there.

Plane would be good for europeans in SEPA area. I received two payouts from E8 through Plane and, despite a bit slow (not sure if by Plane or E8), the money came straight away to my Revolut without problem.

I'd even rather prefer Plane than Wise. I had troubles with Wise to receive an Alpha payout. They had to do a payout to Revolut, instead. And Wise is know for closing accounts or freeze them for a long time when they smell strange things or big transfers (and Apex could be one of them).
  • #26,709
  • Nov 28, 2023 3:49pm Nov 28, 2023 3:49pm
Hello! I'm looking for a prop firm platform where I can trade through TradingView. thx
  • #26,710
  • Nov 28, 2023 5:41pm Nov 28, 2023 5:41pm
Quoting Barhan
My experience with Finotive Funding I read reviews about this company. I know there are a lot of rules here. But from such a contradiction to the rules - I'm shocked. After the first week of work, I requested a withdrawal of funds. I received a letter saying that my payout percentage was reduced because the stop loss rule was violated. After opening an order, the position must be protected by a stop loss for 60 seconds. I had one order on which I set a stop loss after 62 seconds. I didn't know this rule. It's a shame, but there are no complaints....
The only reason that could justify the choice of Finotive is masochism. Other than that, I don't see anything else. Avoid like the plague
  • #26,711
  • Nov 28, 2023 6:09pm Nov 28, 2023 6:09pm
Quoting Vitore
{quote} Why do you think the investors was a lie? I've been following them since about 2016 as well and I don't think they lied about it. They must have had some money for the start, though I'm sure much less then a $1 million would suffice to start their business locally (we are experts in cobbling things together ). And they started really small with just a few traders, and grown up organically, unlike today's new prop firms. What I didn't like though was their hypocrisy. They presented themselves as serious professional business looking...
I just thought to myself at that time that if I had a few million laying around I would invest it with a trader on Darwinex that had a track record over 2-3 years or with a PAMM or MAM account that had a good track record.

Why risk capital on some degenerate who got lucky once passing an evaluation that encourages the trader to over-leverage.

I just didn't believe that investors would be willing to risk their capital on one of FTMO's supposed A booked YOLO traders.
Pride always comes before destruction.... -Proverbs 16:18
  • #26,712
  • Nov 28, 2023 6:13pm Nov 28, 2023 6:13pm
Quoting lddd
{quote} I think by investors he means borrowed capital that is distributed to the successful traders and not investors who have invested in the company itself to start it up and provide it with resources. These are probably two different types of investors.
Exactly. Not start up capital but capital to pay out all those A booked traders.
Pride always comes before destruction.... -Proverbs 16:18
  • #26,713
  • Edited 7:21pm Nov 28, 2023 6:49pm | Edited 7:21pm
Quoting Expo33
{quote} I just thought to myself at that time that if I had a few million laying around I would invest it with a trader on Darwinex that had a track record over 2-3 years or with a PAMM or MAM account that had a good track record. Why risk capital on some degenerate who got lucky once passing an evaluation that encourages the trader to over-leverage. I just didn't believe that investors would be willing to risk their capital on one of FTMO's supposed A booked YOLO traders.
It never made sense that challenge participants were only given a month to pass, considering the markets give whatever, whenever and this can't be determined in a fixed time that is restrictive for natural flow, but that which encouraged risk taking to pass the challenges. Therefore I avoided the 30 day model. Now they mostly are unlimited. But more changes such as inactive periods such as 5%ers being only 14 days. Good luck with that position traders.
  • #26,714
  • Nov 28, 2023 7:16pm Nov 28, 2023 7:16pm
Quoting lddd
{quote} That doesn't give me much hope. To be honest, I thought that it didn't really matter how you traded as long as the risk requirements were met. Being profitable is difficult enough in itself. But don't you have any more detailed information about what criteria are used here or what you can do to avoid being flagged in the group of similarly executed trades? To me that sounds a bit like a back door that you leave open to get rid of profitable traders? "Oh sorry, unfortunately you fall into a similar pattern to XY strategy, thanks for all your...
Only a couple times have I been able to continue an FTMO free trial after 2 weeks. Usually I discover a day or two later that currently open trades are no longer getting their trailing stop updated because they disabled my account but left all trades open, LOL! Happened again to me today. If you want a longer free trial to test a strategy or EA, Alpha Capital Group has 30 days. Otherwise you can open a demo with ICMarkets or someone and test indefinitely, but you won't have the back office and metrics of a prop firm to look at of course, you'll have to track progress and daily drawdown on your own.

As far as EAs go with prop firms, it's best to just not use any publicly available ones to avoid any issues with group trading or trade copying. Come up with your own strategy and code your own EA (or hire a programmer), or trade manually.
  • #26,715
  • Nov 28, 2023 7:31pm Nov 28, 2023 7:31pm
Another close to million dollar payout (910K). Man this Apex shit is killing.
https://apextraderfunding.com/payouts.html
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 37 KB
  • #26,716
  • Edited 8:14pm Nov 28, 2023 8:01pm | Edited 8:14pm
Quoting Capablanca
{quote} 14th was one of the most epic days this year with the CPI data and consequent wild spike. I guess this was the main cause. I had some stops very far away and they were hit, with bad slippage, on that news release. And my positions are small, so the loss is not too much, but can imagine all the gamblers with high leverage being completely wiped out.
Yes, it was a Good day. It would of been a Great day if my TP was 350 points and not 220 points(YMZ23 1 Hr TF), but it happen quick and painless.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
  • #26,717
  • Edited 2:47am Nov 29, 2023 2:30am | Edited 2:47am
Quoting Expo33
{quote} I just thought to myself at that time that if I had a few million laying around I would invest it with a trader on Darwinex that had a track record over 2-3 years or with a PAMM or MAM account that had a good track record. Why risk capital on some degenerate who got lucky once passing an evaluation that encourages the trader to over-leverage. I just didn't believe that investors would be willing to risk their capital on one of FTMO's supposed A booked YOLO traders.
yes, but only when this trader has many thousand trades already (to have a statistic that really counts and can calculate edge.... alone by testing systems without edge, by luck always a lot of winners are there when not do many thousand trades and calculate it, so all the statistic until this time will be near worthless ... so when many traders us this darwinex there is a high chance that many winner systems are there visible without any true edge), so without a very big sample size anything you see can be luck and will disappear or done by edge. and when this trader has big own amount inside this darwinex (or he dont believe in his own strategy and any time could start take higher risk to try bring losses back when not attached with bigger own money). and of course when this trader dont use loss recovery systems or martingale,.... or any other systems that make trader rich (when dont lose in it and only profit from before bust) and investor bring in total risk for lose all.
  • #26,718
  • Nov 29, 2023 3:04am Nov 29, 2023 3:04am
I just paid 9 points without commission on USDJPY spread at FTMO!
  • #26,719
  • Nov 29, 2023 3:41am Nov 29, 2023 3:41am
Quoting TrAndy1
I just paid 9 points without commission on USDJPY spread at FTMO!
I also noticed that FTMO recently increased the spread, AND slippage. Out of 10 limit orders that get filled, I used to have about 2 positive and 2 negative slippages in October, but recently I got around 4 negative slippages (for EURUSD in London session, no news) and 1 positive slippage. Not a good sign.
  • #26,720
  • Nov 29, 2023 4:35am Nov 29, 2023 4:35am
Quoting TrAndy1
I just paid 9 points without commission on USDJPY spread at FTMO!
Was it only spread or also slippage? Did they also increase it for dow jones and dax?
121 traders viewing now, 1 is registered:
jettli