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Anyone trading with a Prop firm 31 replies

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  • #35,121
  • Apr 18, 2024 6:37am Apr 18, 2024 6:37am
Quoting montygoldy
{quote} Thats unfortunate but right now all the firms are looking for any kind of reason (which can be nonsense sometimes) to not give account to profitable trader.
I finally got my funded account from FundedElite after they admitted incorrectly accusing me of using HFT. However, they want me to change my strategy so that I won't open several trades around the same price point. I can easily adjust to that. Hopefully things will go smoothy with them from now on.

Their 1-step challenge is actually quite good as there is no equity trailing and you can get a second chance free of charge if you fail. I have only a small 25k account with them so I cannot say how things would have worked out if I had had a bigger account.
  • #35,122
  • Apr 18, 2024 7:34am Apr 18, 2024 7:34am
Prop trading 2024
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Pride always comes before destruction.... -Proverbs 16:18
  • #35,123
  • Apr 18, 2024 8:33am Apr 18, 2024 8:33am
TFT is back. Can't wait to rush and buy a challenge

(I could login and my old funded accts are both breached, who knows why...)
  • #35,124
  • Apr 18, 2024 8:47am Apr 18, 2024 8:47am
Quoting montygoldy
Saw something funny myflashfunding promotion on instagram. They are promoting with my payout {image}
They need to be publicly called out for this, it's false advertising.
  • #35,125
  • Apr 18, 2024 9:21am Apr 18, 2024 9:21am
Quoting AaronPriest
{quote} They need to be publicly called out for this, it's false advertising.
I am banned on their discord
Extreme gut feeling trader
  • #35,126
  • Apr 18, 2024 9:24am Apr 18, 2024 9:24am
Update on fundingtraders issue guys received this morning.
Nothing happened yet not even deducted from the tradelocker account
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Extreme gut feeling trader
  • #35,127
  • Apr 18, 2024 9:29am Apr 18, 2024 9:29am
Quoting montygoldy
Update on fundingtraders issue guys received this morning. Nothing happened yet not even deducted from the tradelocker account {image}
Tag Rob again and let him know you have not been paid yet as he said. He probably doesn't know you are still waiting.
  • #35,128
  • Apr 18, 2024 9:34am Apr 18, 2024 9:34am
Quoting montygoldy
Update on fundingtraders issue guys received this morning. Nothing happened yet not even deducted from the tradelocker account {image}
I don't know if you're aware but trade locker crashed hard yesterday right before the NY Open so they have been working around the clock trying to get everyone back to where their accounts were before the crash yesterday things are a little slow but you should have been paid like Monday so this should go to the top of the list.
  • #35,129
  • Apr 18, 2024 9:35am Apr 18, 2024 9:35am
Quoting montygoldy
Update on fundingtraders issue guys received this morning. Nothing happened yet not even deducted from the tradelocker account {image}
nice job. I bet our thread here on FF helped with this!
A snails pace wins the race :-)
  • #35,130
  • Apr 18, 2024 9:37am Apr 18, 2024 9:37am
Quoting mcquak
{quote} I've got multiple cTraders on my machine as well no issue with that.
Thanks. Need to try. Might have screwed up my installation when I tried.
  • #35,131
  • Apr 18, 2024 10:19am Apr 18, 2024 10:19am
Quoting Expo33
A little update on my Darwinex Zero journey. First off, I'm rooting for everyone that's still using prop/futures firms but personally I feel so relaxed and free now that I'm done with all of that. All the discussions on rule changes, KYC issues, payout issues, etc etc makes my head hurt. Apex is the only firm I may try again in the future but for now I can't stand the trailing drawdown and the need to close trades daily. I just don't have the necessary screen time to trade with that restriction. Anyways, with Darwinex I have my beloved Meta4 and...
Great job. I may look further into this as well. It does suit my low risk, trade small style.
  • #35,132
  • Apr 18, 2024 10:29am Apr 18, 2024 10:29am
Just came across this apex story. 450 evals and only 23 blown + 20 active account. Some crazy stats.
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Extreme gut feeling trader
  • #35,133
  • Apr 18, 2024 10:38am Apr 18, 2024 10:38am
FE is doing the news trading ban they way it should be done:

"
After listening to community's opinion, some changes to the "news trading" rule will be applied in order to create a fair environment for swing traders. Any trades opened prior to the news event (1 hour, 1 day, etc.) and closed within the 6-minute period pre and post news will be counted. Your profit will be valid. Profit from trades that are opened within the 12-minute window during high-impact news event on the affected currency will not be counted. Trading during high-impact news events will result in the deduction of any profits made from trades executed within the restricted 12-minute window."
  • #35,134
  • Apr 18, 2024 10:43am Apr 18, 2024 10:43am
Quoting Expo33
A little update on my Darwinex Zero journey. First off, I'm rooting for everyone that's still using prop/futures firms but personally I feel so relaxed and free now that I'm done with all of that. All the discussions on rule changes, KYC issues, payout issues, etc etc makes my head hurt. Apex is the only firm I may try again in the future but for now I can't stand the trailing drawdown and the need to close trades daily. I just don't have the necessary screen time to trade with that restriction. Anyways, with Darwinex I have my beloved Meta4 and...
Hi Expo33,

I totally agree. Life is much better away free all those BS rules. In the last four weeks I decided to do two things. #1. Stick with my personal futures account trading S&P, Dow & Nasdaq along with an occasional Euro FX currency trade. 2. No more prop trading unless I decide to give Apex a go. As good as Apex seems to be at this time can we reasonably expect that to continue into the distance future? I have also reverted back to using a private investor to fund my futures trading. No stress with that model. her #1 rule.....make money. I do wish much success to those that continue to indulge in prop trading.
  • #35,135
  • Apr 18, 2024 12:10pm Apr 18, 2024 12:10pm
Question for rise anyone getting paid through it. What email should we give to firms? the email we registered the account with?
Extreme gut feeling trader
  • #35,136
  • Edited 12:41pm Apr 18, 2024 12:22pm | Edited 12:41pm
Quoting montygoldy
Question for rise anyone getting paid through it. What email should we give to firms? the email we registered the account with?
You need to inform prop which is your rise Email (if different)

To avoid wasting additional time in payouts (and also for privacy) I have a different email for each prop and I create the correspondent account in Rise when I'm about to receive a payout.
I have several Rise accounts, one for each prop where I received a payout, and so far so good.
Usually I create a Rise account a couple of days before I know I'm due for the first payout in Rise in that prop.
  • #35,137
  • Apr 18, 2024 12:28pm Apr 18, 2024 12:28pm
Quoting Capablanca
{quote} You need to inform prop which is your rise address (if different) To avoid wasting additional time in payouts (and also for privacy) I have a different email for each prop and I create the correspondent account in Rise when I'm about to receive a payout. I have several Rise accounts, one for each prop where I received a payout, and so far so good. Usually I create a Rise account a couple of days before I know I'm due for the first payout in Rise in that prop.
rise address???
email with which registered or wallet address??
Extreme gut feeling trader
  • #35,138
  • Apr 18, 2024 12:41pm Apr 18, 2024 12:41pm
Quoting montygoldy
{quote} rise address??? email with which registered or wallet address??
Sorry mate. I wanted to say email and said address. Already edited.

No need to inform the Rise wallet address.
  • #35,139
  • Apr 18, 2024 12:47pm Apr 18, 2024 12:47pm
Has anybody taken a look at IC Funded news? they just recently launched their website. It is way better than OANDA. The prices are very affordable, there are fixed loss limits in two phases, also no time limit or prohibiting trading news. Nevertheless, there are a couple of differences compared to others, such as strategy from Challenge phases and Funded account must be consistent, or using popular strategies that are designed only to pass Phase 1 & 2 will get banned,..etc.

Besides many more "unclear" or hidden rules involving discretion approvement from their side, everything seems pretty well and logical not illusional like OANDA set of rules. Now we just need to wait and see the slippage or commission fees in a real trading condition when it officially launches. So far the package prices are the most attractive ones.
  • #35,140
  • Apr 18, 2024 12:59pm Apr 18, 2024 12:59pm
Quoting longcanlun12
Has anybody taken a look at IC Funded news? they just recently launched their website. It is way better than OANDA. The prices are very affordable, there are fixed loss limits in two phases, also no time limit or prohibiting trading news. Nevertheless, there are a couple of differences compared to others, such as strategy from Challenge phases and Funded account must be consistent, or using popular strategies that are designed only to pass Phase 1 & 2 will get banned,..etc. Besides many more "unclear" or hidden rules involving discretion approvement...
Thanks for raising this, didn't know they already launched. I leave here the site for the case anyone wants to check.
https://www.icfunded.com/challenge/

I still have to read the rules but if nothing abnormal I will probably give a try on them. I really had a good experience so far with FXIFY, also backed by a broker (apart from the payouts disorganization)
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