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Anyone trading with a Prop firm 31 replies

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  • #31,301
  • Feb 20, 2024 3:33pm Feb 20, 2024 3:33pm
Quoting montygoldy
UPDate time - PRETTY MIXED LAST WEEK 1. BLUEgaurdian 200k 8% dd - LOST 2. E8markets 200k 8%dd -LOST 3. SKilledFundedTrader (PHASE 1)200k - 6-6% with 10% dd - 2% up 4. SKilledFundedTrader (PHASE 1)200k - 8-5% with 10% dd - 3.5% up 5. MYFundedFX (PHase 1) dxtrade 200k - 5% up 6. Alpha Capital FUnded at Breakeven (payout date is 26th so trying to achieve 5%) 7. Myflashfundinding - Cancelled after payout.
second update of the day... improved pnl on all accounts
1. skilled 200k 6-6% (phase 1)- 3% up
2. skilled 200k 8-5% (phase 1)- 3.5% up
3. Alpha funded - 2% up
4. myfundedfx (phase 1)- 6% up
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Extreme gut feeling trader
  • #31,302
  • Feb 20, 2024 3:45pm Feb 20, 2024 3:45pm
Quoting montygoldy
{quote} Have you scaled up?.. mind sharing how it....
Yeah Ive scaled up...a little slower than I would have liked tbh, but again, process was seamless...no lag between being scaled and being able to trade again. Im funded now with 5ers, FTMO, MFFx & FXIFY and Id say 5ers and FTMO have been completely unproblematic. No flashy huge discounts, no crazy social media hyperbole they just seem to just get o with doing what they say they will.
  • #31,303
  • Feb 20, 2024 3:45pm Feb 20, 2024 3:45pm
Quoting TrAndy1
{image}
On Mt4 no problem.
  • #31,304
  • Feb 20, 2024 5:53pm Feb 20, 2024 5:53pm
Quoting Zuke
{quote} Yeah Ive scaled up...a little slower than I would have liked tbh, but again, process was seamless...no lag between being scaled and being able to trade again. Im funded now with 5ers, FTMO, MFFx & FXIFY and Id say 5ers and FTMO have been completely unproblematic. No flashy huge discounts, no crazy social media hyperbole they just seem to just get o with doing what they say they will.
Yes, I was late to the 5%ers as I did not like their instant model. I started the 2 stage in November, about 0.5% away from second scale. I agree, scaling and payouts....account is immediately available to trade again. No 3 days until you can trade again and all the other bs these "new, innovative" firms pull.
I also agree on 5%ers and FTMO just doing their thing, no drama, no shouting on social media, no kingdom. MFF was in the same category as well, despite what some may think.
  • #31,305
  • Feb 20, 2024 9:13pm Feb 20, 2024 9:13pm
FREEBIES
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Extreme gut feeling trader
  • #31,306
  • Feb 20, 2024 9:37pm Feb 20, 2024 9:37pm
Quoting montygoldy
FREEBIES
-Like a dealer handing out samples... all they need is a taste.
  • #31,307
  • Feb 21, 2024 12:31am Feb 21, 2024 12:31am
Quoting montygoldy
FREEBIES {image}
This has been a proven strategy by Alpha and 5ers to overload their servers and customer service.
  • #31,308
  • Feb 21, 2024 12:50am Feb 21, 2024 12:50am
Hi All,
This is a great thread on prop firms.

I do not understand why CFTC is cracking down if the prop firms offer only the demo accounts.

Is it because it is Ponzi scheme?

Can someone shed some light on this please.

Also any prop firms who still take USA clients?

Thanks
  • #31,309
  • Feb 21, 2024 1:36am Feb 21, 2024 1:36am
Quoting TU2023
I do not understand why CFTC is cracking down if the prop firms offer only the demo accounts.
-It is equivalent to Real Estate Commissions investigating alleged violations of licensing laws for a monopoly game where players are playing with real money. It's nonsensical, and yet, the CFTC will probably win.
  • #31,310
  • Feb 21, 2024 2:59am Feb 21, 2024 2:59am
FXIFY is back to the old bad habit. Not paying in time and we need to go and cry on Telegram. Let's see.
  • #31,311
  • Feb 21, 2024 4:26am Feb 21, 2024 4:26am
Quoting Capablanca
FXIFY is back to the old bad habit. Not paying in time and we need to go and cry on Telegram. Let's see.
Sheesh...My payout day is tomorrow with them...lets hope I don't suffer the same fate (its just under $4,000 so maybe Ill be ok)
  • #31,312
  • Feb 21, 2024 4:37am Feb 21, 2024 4:37am
Quoting Zuke
{quote} Sheesh...My payout day is tomorrow with them...lets hope I don't suffer the same fate (its just under $4,000 so maybe Ill be ok)
Mine is a bit more than half than that. I think it's not the amount, it's complete internal disorganization.

I'm not sure if this happens because I'm always editing the payout form (because it's not my first payout and they always reuse the same form).
  • #31,313
  • Feb 21, 2024 4:47am Feb 21, 2024 4:47am
Quoting TU2023
I do not understand why CFTC is cracking down if the prop firms offer only the demo accounts.
You've slightly misunderstood what’s happening.

The CFTC is cracking down on prop firms that offer demo accounts while claiming that they’re funded accounts and that “we win when you win” - in other words it’s the lying and the dishonesty and fraud they’re cracking down on, NOT the demo accounts themselves.

That is, believe it or not, the job they were set up to do, and by public demand.

Does it make more sense now?
  • #31,314
  • Feb 21, 2024 4:48am Feb 21, 2024 4:48am
Quoting Capablanca
{quote} Mine is a bit more than half than that. I think it's not the amount, it's complete internal disorganization. I'm not sure if this happens because I'm always editing the payout form (because it's not my first payout and they always reuse the same form).
Yeah, Ive had several payouts from them but I use a different form each time
  • #31,315
  • Edited 6:43am Feb 21, 2024 5:10am | Edited 6:43am
Quoting Zuke
{quote} Yeah, Ive had several payouts from them but I use a different form each time
The fact that they are still accepting US traders with MT4/5 is what made me stay away from FXIFY. I'm doing their free competition anyway but decided to go with FTMO for a 100k account. I asked FXIFY about this issue with CFTC and US traders and the reply they gave to me was arrogant, "if we had any problems with US traders we would tell you, but that is not the case". The arrogance put me off. I think I'm happy to be with FTMO. When I pass FTMO and get my refund I'll also try Oanda's Labtrader and then 5'ers. My account with Funding pips is still there and I'm hoping they return.
  • #31,316
  • Feb 21, 2024 5:12am Feb 21, 2024 5:12am
Quoting Zuke
{quote} Yeah, Ive had several payouts from them but I use a different form each time
How do you use a different form each time ? When I receive the email to parametrize my payout the link always directs me to the old form and with this message:
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Then I edit the form and submit again with new payout request.
  • #31,317
  • Feb 21, 2024 5:53am Feb 21, 2024 5:53am
Quoting Capablanca
{quote} How do you use a different form each time ? When I receive the email to parametrize my payout the link always directs me to the old form and with this message: {image} Then I edit the form and submit again with new payout request.
Ahh right....sorry, I misunderstood what you said. Yes, I get exactly what you get each time
  • #31,318
  • Feb 21, 2024 5:56am Feb 21, 2024 5:56am
Quoting Mitiblotch
{quote} The fact that they are still accepting US traders with MT4/5 is what made me stay away from FXIFY. I'm doing their free competition anyway but decided to go with FTMO for a 100k account. I asked FXIFY about this issue with CFTC and US traders and the reply they gave to me was arrogant, "if we had any problems with US traders we would tell you, but that is not the case". The arrogance put me off. I think I'm happy to be with FTMO. When I pass FTMO and get my refund I'll also try Oanda's Labtrader and then 5'ers. My account with Fubding pips...
Yeah, I wouldn't pay too much attention to what FXIFY support says...just a few days ago, 5ers were saying there was no issue and then banned us traders a day later.

FTMO and 5ers are definitely the way I would be going right now.
  • #31,319
  • Feb 21, 2024 7:40am Feb 21, 2024 7:40am
Update : Lark Funding restricts US clients
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  • #31,320
  • Feb 21, 2024 7:41am Feb 21, 2024 7:41am
Quoting Zuke
{quote} Yeah, I wouldn't pay too much attention to what FXIFY support says...just a few days ago, 5ers were saying there was no issue and then banned us traders a day later. FTMO and 5ers are definitely the way I would be going right now.
They are here to do business which relies on failed traders. How would you expect them to come out and say truth? Did Lehman brothers or any firm declare in public regarding things wrong with them. They won't as it will do more harm than good.
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