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  • #27,721
  • Edited 10:32am Jan 3, 2024 10:18am | Edited 10:32am
Quoting Xtronex
{quote} Anyway, I'll keep updated here so anyone knows how this resolves and what kind of company they are
Well, you are using them so I don't have to tell you....spread on majors are basically 0 throughout LOndon and NY, even a pair like AUD/NZD looking at 0.5 right now, GBPAUD 1.3........with a "regulated" broker here in the US, I'd be looking at 5-7 on those.
Along with FTMO, these are the only props I would suggest currently. I am also funded(small) with TFF and The FundedTrader, but haven't traded with them in 4 months as I do not see them surviving and the CEO is a scam artist.
So, despite my outspoken bad opinion on their other models, the high stakes is great and the 5%ers as a whole is the real deal. They have their shit together for sure.
  • #27,722
  • Jan 3, 2024 10:53am Jan 3, 2024 10:53am
One of the criteria I have added to filter the BS is the amount of funding being offered (pre-scaling).
It is very obvious, the firms not offering 400K, 600K and more on an initial challenge are surviving, not playing games and not denying payouts. 5%ers is 100K on high stakes, FTMO was 100K for the longest time and only offered 200K after they were huge.
Yet, we have firms with 20 year old CEOs offering 600K right up front??????? Use common sense folks.
The firms offering these large amounts (at a much higher cost, of course) are grabbing as much as they can as fast as they can....then changing rules, denying payouts etc.
I believe the 5%ers and FTMO are in for the long haul and I have been looking at Funding Pips as that is checking all my boxes, but haven't pulled the trigger as of yet.
  • #27,723
  • Jan 3, 2024 11:03am Jan 3, 2024 11:03am
Quoting Xtronex
Hi, does anyone trade on 5%ers here and maybe can advice on something. I have passed 1st challenge on 60k account and today I've started 2nd but I can't understand why there is added credit of $2641 on my account which f**ks up my daily loss limit now as the daily risk is $460 instead of $3000. Is this a trick by them or just a mistake. I contacted the customer support and they said it's odd and passed to technical team but haven't heard back yet. Do you guys know why it's like this? I was on MFF before they closed but they didn't have something...
This is a mistake.
In a live account, yes, they add the refund as a credit in order that if you achieve the first payout you will be entitled to receive that amount. But not in phase 2. Something wrong happened there.
  • #27,724
  • Jan 3, 2024 11:07am Jan 3, 2024 11:07am
Quoting Capablanca
{quote} This is a mistake. In a live account, yes, they add the refund as a credit in order that if you achieve the first payout you will be entitled to receive that amount. But not in phase 2. Something wrong happened there.
Thank you for clarifying that, it should be resolved then
  • #27,725
  • Jan 3, 2024 11:10am Jan 3, 2024 11:10am
Quoting pipmaster77
...I have been looking at Funding Pips as that is checking all my boxes, but haven't pulled the trigger as of yet.
Just don't expect to trade on any UAE holidays, or the day after one.
  • #27,726
  • Jan 3, 2024 11:11am Jan 3, 2024 11:11am
Quoting pipmaster77
One of the criteria I have added to filter the BS is the amount of funding being offered (pre-scaling). It is very obvious, the firms not offering 400K, 600K and more on an initial challenge are surviving, not playing games and not denying payouts. 5%ers is 100K on high stakes, FTMO was 100K for the longest time and only offered 200K after they were huge. Yet, we have firms with 20 year old CEOs offering 600K right up front??????? Use common sense folks. The firms offering these large amounts (at a much higher cost, of course) are grabbing as much...
Bespoke has 2M (before scaling)
"The total maximum allocation is $2,000,000 on the 2 step challenge, this can be $2,000,000 with the classic challenge or $2,000,000 with the rapid challenge or if you prefer you could have $1,000,000 on the classic challenge and $1,000,000 on the rapid challenge totalling $2,000,000 across both 2 step challenge types."

Then people wonder why accounts are terminated and payouts denied.

TPT didn't have a limit
  • #27,727
  • Jan 3, 2024 11:16am Jan 3, 2024 11:16am
Quoting AaronPriest
{quote} Just don't expect to trade on any UAE holidays, or the day after one.
I downgraded them after that. You don't warn people on a Saturday that on Monday you can't open new positions because it's public holiday in UAE.
A public holiday is not something that just showed up as a surprise. And no company or broker prevents trading just because it's public holiday in their country.

Warning: They have a good price but the refund is only in the 4th or 5th withdraw.

I haven't received any payout from them yet so I don't know how is the process. They say they pay every 5th day (after trade placed) and apparently they have been doing so in a couple of hours for what I read.
  • #27,728
  • Jan 3, 2024 11:19am Jan 3, 2024 11:19am
Quoting AaronPriest
{quote} Just don't expect to trade on any UAE holidays, or the day after one.
I know, that is one of the reasons I have not pulled the plug lol.
That just didn't sit well with me.
  • #27,729
  • Jan 3, 2024 11:41am Jan 3, 2024 11:41am
Quoting Capablanca
{quote} I downgraded them after that. You don't warn people on a Saturday that on Monday you can't open new positions because it's public holiday in UAE. A public holiday is not something that just showed up as a surprise. And no company or broker prevents trading just because it's public holiday in their country. Warning: They have a good price but the refund is only in the 4th or 5th withdraw. I haven't received any payout from them yet so I don't know how is the process. They say they pay every 5th day (after trade placed) and apparently they...
Yes, if it is 5 day payout and account resets immediately to continue trading.....I don't mind the delayed refund. That closing on a day the markets are open though.......just strikes a nerve.
Literally, Christmas and New Years are the ONLY days the entire world is shut down. We have several holidays in US where stock market is closed, I can still trade forex. Many holidays in other countries, can still trade. That was one of the strangest things I have ever seen.
Just a gut, but I think they have figured out the secret sauce to earning revenue beyond fees. Their CEO is very active on Twitter....he is not like the others.
  • #27,730
  • Jan 3, 2024 12:12pm Jan 3, 2024 12:12pm
Quoting pipmaster77
One of the criteria I have added to filter the BS is the amount of funding being offered (pre-scaling). It is very obvious, the firms not offering 400K, 600K and more on an initial challenge are surviving, not playing games and not denying payouts. 5%ers is 100K on high stakes, FTMO was 100K for the longest time and only offered 200K after they were huge. Yet, we have firms with 20 year old CEOs offering 600K right up front??????? Use common sense folks. The firms offering these large amounts (at a much higher cost, of course) are grabbing as much...
you have LOTS of common sense ..
  • #27,731
  • Jan 3, 2024 1:24pm Jan 3, 2024 1:24pm
rumours for Topstep 50% discount coming
  • #27,732
  • Jan 3, 2024 2:21pm Jan 3, 2024 2:21pm
1. 400-600K FTMO (EU) + 100K 5%ers (Israel)
2. 200K Funding Pips (UAE) + 100-200K TFF (EU) + 100K Funded Engineer (UAE)

^^^ looks like the best option for 1-1.2M in total funding (100-120K losable DD) on the FX side.
  • #27,733
  • Jan 3, 2024 2:38pm Jan 3, 2024 2:38pm
Quoting CableJ
1. 400-600K FTMO (EU) + 100K 5%ers (Israel) 2. 200K Funding Pips (UAE) + 100-200K TFF (EU) + 100K Funded Engineer (UAE) ^^^ looks like the best option for 1-1.2M in total funding (100-120K losable DD) on the FX side.
Spot on as usual.
  • #27,734
  • Jan 3, 2024 2:43pm Jan 3, 2024 2:43pm
Quoting fx_rookie
rumours for Topstep 50% discount coming
correct , here you go ..

 

  1. 50% off any account
  2. 50% off is only FIRST MONTH (will be full price 2nd month onwards if you are still in an evaluation)
  3. Code: newyear2024
  4. Also One Use Only I've been told. You can only buy 1 account at this price, once.

  • #27,735
  • Jan 3, 2024 3:13pm Jan 3, 2024 3:13pm
Quoting CableJ
1. 400-600K FTMO (EU) + 100K 5%ers (Israel) 2. 200K Funding Pips (UAE) + 100-200K TFF (EU) + 100K Funded Engineer (UAE) ^^^ looks like the best option for 1-1.2M in total funding (100-120K losable DD) on the FX side.
It's a good risk diversification.
I wouldn't mind in adding there 100K or 200K for each of FXIFY and Alpha.
  • #27,736
  • Jan 3, 2024 5:32pm Jan 3, 2024 5:32pm
I am surprised to see that fundingpips headquarter is in UAE but at the same time they have banned UAE therefore they don’t accept users from UAE
  • #27,737
  • Jan 3, 2024 5:43pm Jan 3, 2024 5:43pm
Quoting Stoneyrocks
{quote} correct , here you go .. 50% off any account 50% off is only FIRST MONTH (will be full price 2nd month onwards if you are still in an evaluation) Code: newyear2024 Also One Use Only I've been told. You can only buy 1 account at this price, once.
Thanks for sharing.
Educational and fav futures to trade
  • #27,738
  • Jan 3, 2024 5:53pm Jan 3, 2024 5:53pm
Anyone has experience with True Forex Funds (TFF)?
  • #27,739
  • Jan 3, 2024 6:52pm Jan 3, 2024 6:52pm
I just purchased 10k challenge with TFF. They seem to be really professional and spread are really really amazing.
  • #27,740
  • Jan 3, 2024 8:34pm Jan 3, 2024 8:34pm
Quoting pipmaster77
One of the criteria I have added to filter the BS is the amount of funding being offered (pre-scaling). It is very obvious, the firms not offering 400K, 600K and more on an initial challenge are surviving, not playing games and not denying payouts. 5%ers is 100K on high stakes, FTMO was 100K for the longest time and only offered 200K after they were huge. Yet, we have firms with 20 year old CEOs offering 600K right up front??????? Use common sense folks. The firms offering these large amounts (at a much higher cost, of course) are grabbing as much...
My understanding was that FundingPips used BlackBull Markets as the broker/quote provider? If so, they would want to offer tighter spreads than BlackBull were last offering retail clients.
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