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  • #34,741
  • Apr 11, 2024 7:45pm Apr 11, 2024 7:45pm
Quoting TheDoug
{quote} Because a lot of us are Americans and we don't have any choice.
also 99% forex prop firms are flat out going downhill …. I tried all the top 20 firms barely able to pull out 12k net in 5 months .. not worth the time…
Extreme gut feeling trader
  • #34,742
  • Apr 11, 2024 7:48pm Apr 11, 2024 7:48pm
For me personally, forex is done… my kyc is denied on ftmo its been 5 days nothing from their side… same kyc works all over the world except ftmo office….god dammit why everything in forex needs to be a hassle
Extreme gut feeling trader
  • #34,743
  • Apr 11, 2024 7:58pm Apr 11, 2024 7:58pm
Quoting montygoldy
For me personally, forex is done… my kyc is denied on ftmo its been 5 days nothing from their side… same kyc works all over the world except ftmo office….god dammit why everything in forex needs to be a hassle
Leave alone prop firm trading, trade with brokers directly.

Hassle free.

No denial of kyc, no denial of payouts.
Intraday only.
  • #34,744
  • Apr 11, 2024 8:05pm Apr 11, 2024 8:05pm
Quoting montygoldy
For me personally, forex is done… my kyc is denied on ftmo its been 5 days nothing from their side… same kyc works all over the world except ftmo office….god dammit why everything in forex needs to be a hassle
A prop firm 200k account is equivalent to 20k real money account with broker.

You trade prop firm like prop firm, where as you trade real money account is 20k.

There is difference. Further more..there is no payout denials with real money account.
Intraday only.
  • #34,745
  • Apr 11, 2024 8:09pm Apr 11, 2024 8:09pm
Quoting navk
{quote} Leave alone prop firm trading, trade with brokers directly. Hassle free. No denial of kyc, no denial of payouts.
Trading directly on brokerage firm means u are fully responsible to yourself I think.
RilaForexer
  • #34,746
  • Apr 11, 2024 8:31pm Apr 11, 2024 8:31pm
Quoting montygoldy
{quote} also 99% forex prop firms are flat out going downhill …. I tried all the top 20 firms barely able to pull out 12k net in 5 months .. not worth the time…
If you wish to still trade forex, the 5%ers is still very reliable. Going to try to get just shy of next scale tomorrow and receive another payout....the 14 day payout resets when you scale (the reason for stopping just shy). Not that big of a deal, it rolls for next payout, you just skip a payout. The way you trade, you would probably scale the 100K to 500K extremely quickly as it is every 10% regardless of time, so no 3-4 months waiting like all of the others. You can also get another 100K once you are live. It is the only forex firm I have left to trade, but even if I wasn't from the US, would still probably be the only one I would currently use. I have even lost faith in 'ole reliable, FTMO......it's apex, the 5%ers and amp for me.
  • #34,747
  • Apr 11, 2024 8:37pm Apr 11, 2024 8:37pm
Quoting navk
{quote} Leave alone prop firm trading, trade with brokers directly. Hassle free. No denial of kyc, no denial of payouts.
I’ve always held the belief that the gravy from prop firm payouts should be used to fund a private account. Along the way tightening up one’s trading to always be adding to the stack via discipline.
Trade with confidence, trade without fear.
  • #34,748
  • Apr 11, 2024 9:01pm Apr 11, 2024 9:01pm
Quoting navk
{quote} A prop firm 200k account is equivalent to 20k real money account with broker. You trade prop firm like prop firm, where as you trade real money account is 20k. There is difference. Further more..there is no payout denials with real money account.
Yea I am running my private account conservatively....But now i have moved to futures APEX is the real truth now atleast for me. Still have 400k ftmo and 100k x2 fundingrraders thats it. Not purchasing a single challenge from anyone anymore.
Extreme gut feeling trader
  • #34,749
  • Apr 11, 2024 9:01pm Apr 11, 2024 9:01pm
Quoting montygoldy
For me personally, forex is done… my kyc is denied on ftmo its been 5 days nothing from their side… same kyc works all over the world except ftmo office….god dammit why everything in forex needs to be a hassle
Was good while it lasted.
Trade with confidence, trade without fear.
  • #34,750
  • Apr 11, 2024 9:01pm Apr 11, 2024 9:01pm
Quoting Cryptosurf
{quote} I’ve always held the belief that the gravy from prop firm payouts should be used to fund a private account. Along the way tightening up one’s trading to always be adding to the stack via discipline.
that is true, yes
Intraday only.
  • #34,751
  • Apr 11, 2024 9:03pm Apr 11, 2024 9:03pm
Quoting pipmaster77
{quote} If you wish to still trade forex, the 5%ers is still very reliable. Going to try to get just shy of next scale tomorrow and receive another payout....the 14 day payout resets when you scale (the reason for stopping just shy). Not that big of a deal, it rolls for next payout, you just skip a payout. The way you trade, you would probably scale the 100K to 500K extremely quickly as it is every 10% regardless of time, so no 3-4 months waiting like all of the others. You can also get another 100K once you are live. It is the only forex firm I...
Absolutely brother will buy surely one either from next payouts or waiting my points to get to free 100k account nearly there
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Extreme gut feeling trader
  • #34,752
  • Apr 11, 2024 9:03pm Apr 11, 2024 9:03pm
Quoting montygoldy
{quote} Yea I am running my private account conservatively....But now i have moved to futures APEX is the real truth now atleast for me. Still have 400k ftmo and 100k x2 fundingrraders thats it. Not purchasing a single challenge from anyone anymore.
I was talking to ftmo chat guy.

I asked him why kyc is denied.

I said to him if they are honest prop firm, they must do kyc first and then pay the fees.

I blasted them, ftmo reputation is down.

He said, they are still number 1.

You can understand how number 2 and number 3 will behave.

lol
Intraday only.
  • #34,753
  • Apr 11, 2024 9:04pm Apr 11, 2024 9:04pm
Quoting Cryptosurf
{quote} Was good while it lasted.
i believe i should have started prop firm game last year. Last year all the firms paid well. This year is all bankruptcy and shutting down.
Extreme gut feeling trader
  • #34,754
  • Apr 11, 2024 9:05pm Apr 11, 2024 9:05pm
Quoting navk
{quote} I was talking to ftmo chat guy. I asked him why kyc is denied. I said to him if they are honest prop firm, they must do kyc first and then pay the fees.
Your's also denied?
Extreme gut feeling trader
  • #34,755
  • Apr 11, 2024 9:08pm Apr 11, 2024 9:08pm
Quoting montygoldy
{quote} Your's also denied?
no.

I told him, if i sgn up with them, i will insist kyc to be done first.

He said, if kyc is denied , no refund of fee.

It is as simple as stealing money from traders.
Intraday only.
  • #34,756
  • Apr 11, 2024 9:09pm Apr 11, 2024 9:09pm
i Could have made 20-30% with a single trade on my gold longs if ftmo gave me account on time... what a miss of a opportunity.....
Extreme gut feeling trader
  • #34,757
  • Apr 11, 2024 9:11pm Apr 11, 2024 9:11pm
Quoting navk
{quote} no. I told him, if i sgn up with them, i will insist kyc to be done first. He said, if kyc is denied , no refund of fee. It is as simple as stealing money from traders.
oh lol okay...... their kyc is so shit. Like whatever i did used my pr card, passport anything its just flat out denied. THen the chat guys just repeating the same thing either use a government id or passport. THen i emailed them on support 5 days pure silence. CHat guys says be patient we looking into it. Same id works in all other firms and apex as well
Extreme gut feeling trader
  • #34,758
  • Apr 11, 2024 9:14pm Apr 11, 2024 9:14pm
Quoting montygoldy
{quote} oh lol okay...... their kyc is so shit. Like whatever i did used my pr card, passport anything its just flat out denied. THen the chat guys just repeating the same thing either use a government id or passport. THen i emailed them on support 5 days pure silence. CHat guys says be patient we looking into it. Same id works in all other firms and apex as well
PR card, drivers licence is national ID.
Intraday only.
  • #34,759
  • Apr 11, 2024 9:16pm Apr 11, 2024 9:16pm
Quoting montygoldy
{quote} oh lol okay...... their kyc is so shit. Like whatever i did used my pr card, passport anything its just flat out denied. THen the chat guys just repeating the same thing either use a government id or passport. THen i emailed them on support 5 days pure silence. CHat guys says be patient we looking into it. Same id works in all other firms and apex as well
"You're success is our liability" should be the new slogan. Between the questionnaire and the KYC denial, it's pretty clear they do not want you as a trader.
  • #34,760
  • Apr 11, 2024 9:19pm Apr 11, 2024 9:19pm
Quoting navk
{quote} PR card, drivers licence is national ID.
exactly complete BS happening. Never expected this from ftmo. One obstacle after another when i try to get paid.
Extreme gut feeling trader
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