Prop Firm Hub | Page 1699 | 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

  • #33,961
  • Apr 3, 2024 6:41am Apr 3, 2024 6:41am
Quoting montygoldy
{quote} I already have ftmo swing challenges underway. I am asking their support atleast clarify what is agressive scalping. No answer just we concluded this decision. All trades had average 20pips n more take profit how it is agressive scalping then. Also they have a 2% stop loss rule how can i do agressive leveraging after that
At first I was thinking 2% is crazy but... The way you trade is too risky... tbh I can't even blame a company protecting capital with the way you explained it lol. Goodluck
  • #33,962
  • Apr 3, 2024 6:44am Apr 3, 2024 6:44am
Quoting montygoldy
{quote} i have seen alot of big futures youtubers getting big payouts from apex without any issue… purchasing some account today …
I am also considering apex just first 2 * 50 K account. And trying to go slowly 1 - 2 % ( of 5000 total), and see what it will give over one year

One has to pay monthly fees ones the account goes to funded. Does anybody know how much that is at Apex?
  • #33,963
  • Apr 3, 2024 6:50am Apr 3, 2024 6:50am
Quoting Eren10
{quote} What lot size do you use average, max on gold ?
Im with simple accounts, not swing, and i didnt try max lot size, but usually 2-3 lots 2-3 positions.
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #33,964
  • Apr 3, 2024 6:52am Apr 3, 2024 6:52am
Quoting montygoldy
{quote} now this bullshit they reduced my account to 100k. What is agressive i dont understand 10lot trade on xau or 2.5lot bitcoin or 50 on dow…. Already a 2% trade idea rule already in place how come agressive. Plus my tps were more than 20poins/pips on each trade how come that scalping EVEN ADDED THE STATISTIC {image} {image}
Fellow traders........forex props are pretty much done. Once the best, by far, prop was taken down.......look at what has taken place. Coincidence? Doubt it.
I know the optimistic say non US traders still have an opportunity, but the damage is beyond repair and without USA revenue to help spur the recovery.......
The quicker you move on, the better, at this point, you are completely wasting your time.
The exception would be if you are ALREADY FUNDED with FTMO or the 5%ers......the others cannot afford to pay you.
Don't ask for proof as I have none, this is simple common sense at this point. Glad I have moved on, TBH. I could not handle the bullshit of waking up to yet another issue on a daily basis
  • #33,965
  • Apr 3, 2024 6:59am Apr 3, 2024 6:59am
Quoting montygoldy
{quote} i have seen alot of big futures youtubers getting big payouts from apex without any issue… purchasing some account today …
If you are a gold trader, obviously it's available on the futures market. I know most of us here trade the indices, but there are a lot of products. Some are not very liquid, but I'm sure gold is.
  • #33,966
  • Apr 3, 2024 7:01am Apr 3, 2024 7:01am
Quoting Eren10
One has to pay monthly fees ones the account goes to funded. Does anybody know how much that is at Apex?
-There are two data plans and schedule options to choose from:

Rithmic vs. Tradovate
Monthly vs. Lifetime

Here is an overview of their fee structure:

https://support.atf.com/hc/en-us/art...me-and-Monthly
  • #33,967
  • Apr 3, 2024 7:07am Apr 3, 2024 7:07am
Quoting QweenOfTrade
{quote} At first I was thinking 2% is crazy but... The way you trade is too risky... tbh I can't even blame a company protecting capital with the way you explained it lol. Goodluck
But the point is......then they should change their rules. You cannot have someone trade within the rules YOU SET OUT and then tell them they cannot play. That is 100% bullshit and simply a way of not paying. To be clear, risk management in a forex prop (protecting of firm capital) is simply coming up with creative ways to not pay.
MFF was the exception, they paid, they had internal processes to deter the cheaters and gamblers. They were shut down because of it.........
Can we all look back now and agree the way MFF detered cheaters and gamblers is certainly better than the way every other firm is handling it TODAY? With an email and a ban or payout denial?
  • #33,968
  • Apr 3, 2024 7:09am Apr 3, 2024 7:09am
Quoting Eren10
{quote} I am also considering apex just first 2 * 50 K account. And trying to go slowly 1 - 2 % ( of 5000 total), and see what it will give over one year One has to pay monthly fees ones the account goes to funded. Does anybody know how much that is at Apex?
There is a one time lifetime option as well. $140 lifetime vs. $85 monthly on the 50K rithmic.
  • #33,969
  • Apr 3, 2024 7:13am Apr 3, 2024 7:13am
Quoting pipmaster77
Fellow traders........forex props are pretty much done
Quoting montygoldy
FUTURE IS THE WAY

Lol, still quite a lot of tearing of hair and gnashing of teeth, but one by one they’re gradually starting to see the light of day … there are actually some working braincells here, after all ...
  • #33,970
  • Apr 3, 2024 7:13am Apr 3, 2024 7:13am
Quoting pipmaster77
{quote} But the point is......then they should change their rules. You cannot have someone trade within the rules YOU SET OUT and then tell them they cannot play. That is 100% bullshit and simply a way of not paying. To be clear, risk management in a forex prop (protecting of firm capital) is simply coming up with creative ways to not pay. MFF was the exception, they paid, they had internal processes to deter the cheaters and gamblers. They were shut down because of it......... Can we all look back now and agree the way MFF detered cheaters and...
Do something about it if you strongly dislike it but from what I hear he can trade his account or am I missing something that wasn't clear?
  • #33,971
  • Apr 3, 2024 7:21am Apr 3, 2024 7:21am
Quoting montygoldy
Now i lost faith in each n every firm. Not gonna spend a single penny in forex prop firm from now on. Current challenges i have ftmo 2x200k swing phase 1, e8 funding phase 200k phase 1, alpha phase 2 200k and another 200k funding traders phase 1. Thats it done with forex prop firms. I AM JOINING YOU GUYS AT APEX (FUTURE IS THE WAY). CAN ANYONE CONFIRM DOES FUTURES FIRM DENY STUFF WITH NONSENSE REASON??
Welcome bro. You will make it with less frustration. I saw you asked a question on Apex discord. I sent you a DM there. You can ask me any question there about Apex. I am a mod with them.
Don't give up on your dreams. Keep sleeping.
  • #33,972
  • Apr 3, 2024 7:29am Apr 3, 2024 7:29am
Quoting QweenOfTrade
{quote} Do something about it if you strongly dislike it but from what I hear he can trade his account or am I missing something that wasn't clear?
Yes, he paid for and passed (within their rules) a 200K challenge. They don't like his trading, aka you are a threat for a big payout (which is a liability, as we all know, there are no trades going to market, there is no profit share) so they cut his account in half to 100K.
  • #33,973
  • Apr 3, 2024 7:33am Apr 3, 2024 7:33am
Quoting pipmaster77
Can we all look back now and agree the way MFF detered cheaters ...
-Makes me wonder what Futures props are doing about this, or if it's even a problem without Meta in the mix.

I have to imagine that simulated slippage is being applied somewhere, either at the platform level, or the data-distributor level. Whether or not those thresholds can be changed or negotiated is unknown to me. I suppose that they could, since some platforms such as Quantower offer white-label services, and could probably customize various parameters by hard-coding them into the software.

Either way, it seems that the trading conditions for Futures are superior, with fewer opportunities for blatant manipulation etc..
  • #33,974
  • Apr 3, 2024 7:37am Apr 3, 2024 7:37am
Quoting montygoldy
{quote} I already have ftmo swing challenges underway. I am asking their support atleast clarify what is agressive scalping. No answer just we concluded this decision. All trades had average 20pips n more take profit how it is agressive scalping then. Also they have a 2% stop loss rule how can i do agressive leveraging after that
I must hand it to you. Atm among one of the best to expose these teen hipster CEO kids with their prop firms stands. Any indication of a highly profitable trader is not something they will allow of course probably not even FTMO soon. Could some mod give him the role as the prop firm terminator, quite fitting.
  • #33,975
  • Apr 3, 2024 7:37am Apr 3, 2024 7:37am
Quoting KarlKraus
{quote} {quote} Lol, still quite a lot of tearing of hair and gnashing of teeth, but one by one they’re gradually starting to see the light of day … there are actually some working braincells here, after all ...
But they are running to Apex, not your firm. Are you OK with that? Will you continue to defame Apex?
  • #33,976
  • Apr 3, 2024 7:47am Apr 3, 2024 7:47am
Quoting Nsak3y
{quote}-Makes me wonder what Futures props are doing about this, or if it's even a problem without Meta in the mix. I have to imagine that simulated slippage is being applied somewhere, either at the platform level, or the data-distributor level. Whether or not those thresholds can be changed or negotiated is unknown to me. I suppose that they could, since some platforms such as Quantower offer white-label services, and could probably customize various parameters by hard-coding them into the software. Either way, it seems that the trading conditions...
On apex its in the second phase. But futures slippage is bad in general if you dont trade on limit. Even with the "simulated slippage" of some firms, it is still better execution than futures at big ticket sizes.
  • #33,977
  • Apr 3, 2024 7:53am Apr 3, 2024 7:53am
Quoting Takisd
{quote} On apex its in the second phase. But futures slippage is bad in general if you dont trade on limit. Even with the "simulated slippage" of some firms, it is still better execution than futures at big ticket sizes.
Yes, just like MFF....what they were accused of STILL gave the trader better conditions than executing that size on their own broker account. Some people STILL do not understand this.......being banned and having your payout denied is a MUCH BETTER ALTERNATIVE
  • #33,978
  • Apr 3, 2024 7:54am Apr 3, 2024 7:54am
If FTMO don't want 'gambling', why do they offer 100/1 leverage?

Quoting Nsak3y
{quote}-This statement is not on a par with your usual contributions. I have not used either one of these platforms, but I have used other platforms. I can say that not all platforms are bug-free, efficient and intuitive etc., and not all complaints may be coming from bad traders.
A % of traders will have issues on any platforms, and there's little doubt DX was having wide-spread issues for a lot of traders a few weeks ago upon its mass adoption.

However, there's a transition point where the software is fine to trade with and it's simply people not liking any change / looking for excuses.

I've tried them both and they do what's needed. Although if you're a 'scalper' / really short term trader AKA someone who loses all their money faster than most, then I can see why you'd prefer MT4/5.
  • #33,979
  • Apr 3, 2024 8:06am Apr 3, 2024 8:06am
Imagine in all this prop firm mess, you decide to take it out on the one pillar remaining - FTMO. All in the name of hyping up dogshit platforms
  • #33,980
  • Apr 3, 2024 8:23am Apr 3, 2024 8:23am
Quoting pipmaster77
{quote} Yes, just like MFF....what they were accused of STILL gave the trader better conditions than executing that size on their own broker account. Some people STILL do not understand this.......being banned and having your payout denied is a MUCH BETTER ALTERNATIVE
Because MFF imposed an additional spread on top of the dealer's when they placed people in the live market / STPed them to reduce profits and increase losses.

"Your success is our success", indeed.
118 traders viewing now