Prop Firm Hub

Quoting pipmaster77

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{quote} Match and TBH, no issues at all. I still chart on MT4 and simply use Match to push buy or sell. Of course, you can set stops, limits, partial close....all of the basic stuff you need. I cannot comment on the use of EAs as I am a manual trader. For me it works just as I expected.

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Quoting TortoiseFX

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{quote} Hi Pipmaster, Still slowly gathering pieces of the jigsaw puzzle :-) Could you please explain to me what Match is? Thanks

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Quoting maltrader

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{quote} How are they cheap? Seems pretty standard to me. 100k 2-phase challenge is $477 with 8%/5% target and 5%/10% drawdowns. ACG is $497, the5ers is $495, ascendx is $490 (7%/5% target), FTMO is EUR540 (10%/5% target). Cheap is something like funding pips and real funds trader where it cost ~380 for the 2-phase challenge with similar targets as Equite. That said, have never heard of them. New firms popping up like mushrooms daily. Hope they can at least make it to one or two payouts if we buy their challenge.

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Quoting navk

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{quote} So much has happened in prop firm in forex industry. So many firms have changed their trading platform, and even denied account after passing, and then denied payouts. The new emergence is futures prop firm. But, I notice that no bad comments about FXIFY in general and then probably about FTMO. May be I want to give a try with FXIFY, can you suggest any other ? I am comfortable with higher profit targets as long as the firms do not play tricks. My concern is I wish to trade in mt4

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Quoting giveachance

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{quote} how many accounts have u blown or how many accounts do u counter trade? you are nothing but a spammer

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Quoting TortoiseFX

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{quote} Hi Pipmaster, Still slowly gathering pieces of the jigsaw puzzle :-) Could you please explain to me what Match is? Thanks

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Quoting pipmaster77

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{quote} Well that changes everything......one could take 1,000 evals and pass 1. So, if 100 traders take 100 evals each and 43 get atleast 1 PA, the true pass rate is 0.413%. Exagerated example, but completely discredits the pass rate statistic. TBH, though, I don't care.....one should only be concerned with their own stats and their own game plan to get there. Monty is a great example, his pass rate is under 20% and he will have an ROI of 700% in 2-2.5 weeks worth of work.

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Quoting Nsak3y

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{quote}-Are you sure? Based on the limited data that has been published, MFF averaged around 10% pass-rate for phase-one, which steadily increased over time, as high as 18% to 19%. The Funded Trader saw as high as a 27% pass-rate for phase-one, during the fall of 2023. According to Apex, their evaluation pass-rate averaged around 43% between Jan 2023 - Sep 2023. Perhaps Apex is only sharing with us their best period. Perhaps the numbers for FX prop improved further, over time, but I can only go by what has been published. Probably, the data becomes...

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Quoting CableJ

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lol, this discussion resembles last spring when we were going back and forth about the sustainability of the FX props and their real business model after FTMO started making rule changes after getting hit with >1M payouts.

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Quote

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SWING TRADERS WHO OPEN A POSITION +8 HOURS BEFORE NEWS WITH A STOP LOSS AND TAKE PROFIT WILL NOT BE SUBJECT TO THIS RULE DURING NEWS RELEASES

Quoting Novazor

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{quote} FundingPips too with FundingTicks I saw khaled talking that is was FundingTicks maybe is FuturesFlow idk

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Quoting Capablanca

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{quote} The guy of Funding Pips is already saying that futures rules are way too confusing. So we can expect the same trend we had in forex props, with rules easier and easier, ferocious competition, until the futures space is full of scammers and props dying. https://twitter.com/Khldfx/status/1779171001244238166

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Quoting CableJ

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{quote} Other than the Trading Pit (EU), all the futures props appear to be located in the United States where they can be easily touched by the CFTC.

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Quoting CableJ

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if Apex runs into trouble... elite trader dropped max accounts from 20 to 3. Trade day forces you live after >5K profit & Topstep around >10K. Bulenox has a permanent payout limit per account, most others have <7 contracts limits and don't allow withdrawal of reserve buffer unless account is terminated.... Apex will have options

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Quoting Capablanca

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{quote} I had more than a dozen payout in FXIFY. They're backup by a broker (FXPIG) which I want to believe is a good thing. Slippage and spreads are far from the best in the industry, which may be good to keep HFT away. Their weak point after Deel were the payouts. Payouts were done filling a google form and sometimes we were getting the payouts fast, sometimes we had to cry over support after 48 hours to be paid. I don't think there was any liquidity problem. It really seems disorganization in Backoffice. Now they pay through Rise. Again the same...

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Quoting Nsak3y

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{quote}-My preference would be that they simply put a cap on monthly profits. That is what they should be doing already, instead of allowing traders to hit 6 and 7-figure monthly payouts. Allowing those massive payouts will only lead to trouble. If they limit monthly payouts to something like 80k per trader, then the statistics should work out in their favor and keep them running for the long-term without issue. Everybody wins.

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