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Anyone trading with a Prop firm 31 replies

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  • #31,041
  • Feb 18, 2024 5:53pm Feb 18, 2024 5:53pm
Quoting AaronPriest
Hadn't heard of this thread, got a link?
-Sure.

https://forums.babypips.com/t/going-...c/35612/100000
  • #31,042
  • Feb 18, 2024 8:36pm Feb 18, 2024 8:36pm
Anybody could recommande a good instant funded propfirm
  • #31,043
  • Feb 18, 2024 10:02pm Feb 18, 2024 10:02pm
Quoting Jaizy
Anybody could recommande a good instant funded propfirm
better to go with 6-6% or 8-4% target ones… if you want to get instant funding then rather than buying 100k buy 4 x25k and go with 4% risk to make 8% …. If you have a edge u’ll surely pass atleast 1 of them
Extreme gut feeling trader
  • #31,044
  • Feb 18, 2024 11:37pm Feb 18, 2024 11:37pm
Quoting Expo33
{quote} Nothing "makes" a trader fail other than their inability to succeed in a given environment. A 100-yard hurdler doesn't lose because the hurdles "made" him fail. He failed because he couldn't negotiate the hurdles that were part of the race. You know the rules in advance. If you don't think you can win that game then don't play.
Agreed, this is why I have no desire to join futures because I don't think I can win with the trailing drawdown.
  • #31,045
  • Feb 18, 2024 11:43pm Feb 18, 2024 11:43pm
Quoting Cryptosurf
{quote} Agreed, like I say, if you know how the game is played, then its not to difficult. And right on cue....TFT is coming to save the day. {image}
Now the circus of futures will become interesting. And even more honest.
  • #31,046
  • Feb 19, 2024 12:33am Feb 19, 2024 12:33am
where to learn futures prop trading??
I know youtube is full of forex prop trading, explanation and everything you need for understanding purpose

this weekend, i did a lot of research about futures and options as well
why? because of this drama that's going on in forex prop firm industry

and i got to know that the real thing is futures and not this forex
futures is the real thing and there is less spread and tricks that are used by fx brokers
i realised that lots of people shift from forex to futures and then they never went back to forex again

like things i come to know that there is tick instead of pips in futures and contracts instead of lots
and each contract means different amount per tick per symbol in futures
and also the contract size is fixed and lets say the minimum contract size is 1 and it goes like 2,3,4 etc and not selected as 1.20 something like that

yeah i know i need to know a lot of things before even thinking to try futures
also we need a different platform called "tradovate" to trade futures and also includes a monthly fees, its not free like mt4, and its not easy to manipulate futures
  • #31,047
  • Edited 1:11am Feb 19, 2024 12:59am | Edited 1:11am
"An anonymous source sent us documents which shows that propfirms are paying people on telegram to comment on the posts in exchange for money and evaluation accounts. We verified the details and found that it is true. We reached out to Funding Pips for their response. They told us that it is for answering the rules etc as they have little or no presence on Telegram. They shared the conversations history which shows that they refused to show it as a payout as the teleram user want to show it as a payout . Also stated it should be for rules and related things. They shared the list of comments done by the telegram user. We were unable to reach out to Goat Funded Trader as they blocked me on TN account."

"Nothing happened. This is ongoing since last one year. One guy told eval firms that he is an under cover agent of regulators. He is behind shutting down of TPT. He blackmailed eval propfirms to pay him money. So he won't report the firms to regulators. Firms are paying him monthly / quarterly "protection money" as payouts."
  • #31,048
  • Feb 19, 2024 3:06am Feb 19, 2024 3:06am
Quoting TrAndy1
"An anonymous source sent us documents which shows that propfirms are paying people on telegram to comment on the posts in exchange for money and evaluation accounts. We verified the details and found that it is true. We reached out to Funding Pips for their response. They told us that it is for answering the rules etc as they have little or no presence on Telegram. They shared the conversations history which shows that they refused to show it as a payout as the teleram user want to show it as a payout . Also stated it should be for rules and related...
Funding pips disabled accounts and trading since last week citing sudden action by meta quotes. Hopefully they get back online. I'm wondering if it isn't better to go with a bigger name like Oanda. Oanda just started their own prop trading firm but the challenges are pricey.
  • #31,049
  • Feb 19, 2024 4:31am Feb 19, 2024 4:31am
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  • #31,050
  • Feb 19, 2024 4:38am Feb 19, 2024 4:38am
It looks like @FormedFunding trading operations are on hold. FF states that they will migrate the accounts to new broker. If customers are not willing to wait, FF will refund the fee.
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  • #31,051
  • Feb 19, 2024 4:42am Feb 19, 2024 4:42am
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  • #31,052
  • Feb 19, 2024 5:32am Feb 19, 2024 5:32am
Prop firms that still allow US traders

-TFT
-MFFX
-Blue Guardian
-GOAT
-Alpha Capital Group
-Bright Funded
-Funding Traders
-E8
-MyFlashFunding
-Lark
-FXify
-Bespoke
-SFT
-SPT
-Swift
-CTI
-Glow Node
-For Traders
-TopTierTrader
-FinotiveFunding
  • #31,053
  • Feb 19, 2024 6:01am Feb 19, 2024 6:01am
Quoting TrAndy1
Prop firms that still allow US traders -TFT -MFFX -Blue Guardian -GOAT -Alpha Capital Group -Bright Funded -Funding Traders -E8 -MyFlashFunding -Lark -FXify -Bespoke -SFT -SPT -Swift -CTI -Glow Node -For Traders -TopTierTrader -FinotiveFunding
Thanks for the updates Andy. Helps get an understading on things.
  • #31,054
  • Edited 6:21am Feb 19, 2024 6:09am | Edited 6:21am
Quoting TrAndy1
{image}
so looks like TFF has also decided to ban US traders or they will get rug pulled again rather soon by yet another platform after CTrader finds out they are accepting US traders
  • #31,055
  • Feb 19, 2024 6:20am Feb 19, 2024 6:20am
Quoting Nsak3y
{quote}-I don't know... this feels equivalent to a drug dealer trying to start a pharmacy. {image}
I actually welcome this if they just bring daily limit + static DD over to futures and force the existing players to respond.... a TFT in futures with no control of platform, spread or slippage would be interesting.
  • #31,056
  • Feb 19, 2024 6:31am Feb 19, 2024 6:31am
Quoting Desbinary
{quote} Hi Takisd; I trust you are well. Please could you confirm whether the Axi-Select Program could also be subject to the current turbulence? The reason I enquired is I signed up at the time when your first precautionary to suspend any further challenges was received. I didn't fund the account & was almost done with funding so their system is constantly triggering those generic mailers prompting to complete funding the trading account. I suspected this program different since it is with a registered "normal" broker but wish to clarify with you...
Regarding the Axi-Select product from Axi, there's no need for concern. Considering that this product comes directly from a broker known for its reliability and long-standing presence in the market, there's reassurance in its stability. I think this situation could be very positive for them, as traders will be looking for other companies to switch to, and an option like Axi-Select could be an attractive alternative, a kind of safe haven, so to speak.
  • #31,057
  • Feb 19, 2024 6:51am Feb 19, 2024 6:51am
Quoting ArtStep
{quote} Regarding the Axi-Select product from Axi, there's no need for concern. Considering that this product comes directly from a broker known for its reliability and long-standing presence in the market, there's reassurance in its stability. I think this situation could be very positive for them, as traders will be looking for other companies to switch to, and an option like Axi-Select could be an attractive alternative, a kind of safe haven, so to speak.
Was NEVER an option for USA.....surprise, surprise.
  • #31,058
  • Feb 19, 2024 7:30am Feb 19, 2024 7:30am
Quoting pipmaster77
{quote} Was NEVER an option for USA.....surprise, surprise.
For the USA yes. But as I understand, this is a typical situation for most brokers
  • #31,059
  • Feb 19, 2024 7:34am Feb 19, 2024 7:34am
At the end, no prop firm will allow US clients
  • #31,060
  • Feb 19, 2024 7:38am Feb 19, 2024 7:38am
Quoting rehmatkhan00
At the end, no prop firm will allow US clients
I dont think it will not allow, futures prop firms are not the problem, the problem here is offering CFDs to US clients, if Oanda wants they can offer prop firm to US clients
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