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Prop Firm Hub

  • #35,361
  • Edited 5:05am Apr 24, 2024 2:03am | Edited 5:05am
Quoting montygoldy
Live signal already ate 10 points on dow in early Asia. I have opened this position right now targeting 20 points. Pretty sure my dow my boy will deliver it before london open {image}
And thats how i do it GENTS asian session carnage. Dow my boy always come to daddy in asia session.

Reached the Mid level of the profit target in 3 days. I guess now trailing stops.
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Extreme gut feeling trader
  • #35,362
  • Apr 24, 2024 2:49am Apr 24, 2024 2:49am
saw someone got banned at payout today at Myfundedfutures as well.
  • #35,363
  • Apr 24, 2024 2:49am Apr 24, 2024 2:49am
Quoting rizla101
{quote} Haven't seen much about this, are you personally unable to purchase? Have you tried other fpfx backed firms, I have heard a ban on one is a ban on all.
Read Trustpilot

I'm not concerned because I left MFFX since some months but I'm working without any problem on MFFU (futures)
  • #35,364
  • Apr 24, 2024 2:55am Apr 24, 2024 2:55am
Quoting Southeast
{quote} You know what it means. One of these: {image}
Then just write live account. Yes I do since last year and I treat them as something that might disappear overnight. It is a leveraged gamble, but once inside, we play with house money.
  • #35,365
  • Apr 24, 2024 3:16am Apr 24, 2024 3:16am
Quoting Nehemah
{quote} Read Trustpilot I'm not concerned because I left MFFX since some months but I'm working without any problem on MFFU (futures)
I did have brief look, only saw 2 claims like this from the same guy who had spent 20k on challenges. Then 1 month later same complaint now 25k on challenges. Perhaps they are trying to save him money.
  • #35,366
  • Apr 24, 2024 4:11am Apr 24, 2024 4:11am
Quoting Takisd
saw someone got banned at payout today at Myfundedfutures as well.
big or small payout?
  • #35,367
  • Apr 24, 2024 4:28am Apr 24, 2024 4:28am
Quoting Novazor
{quote} big or small payout?
33k apparently.
Myfundedfutures response.
'Hello Felipe, Your payout request was denied as you didn't meet our one-trade-per-week minimum, as shown in the trade log. We've refunded all your transactions, so you've incurred no costs. For more details on our trading policy, see here:'

Didn't quite follow the rules, but its really really harsh.
  • #35,368
  • Apr 24, 2024 4:35am Apr 24, 2024 4:35am
Quoting rizla101
{quote} 33k apparently.
Yeah when payouts get to big firms like to deny thats why i am spreading my funded account and keeping payouts small
  • #35,369
  • Apr 24, 2024 4:36am Apr 24, 2024 4:36am
Quoting rizla101
{quote} I did have brief look, only saw 2 claims like this from the same guy who had spent 20k on challenges. Then 1 month later same complaint now 25k on challenges. Perhaps they are trying to save him money.
Read the same on Twitter and Discord.

This reminds me a little of TFT which started banning winners and went bankrupt a few months later. Knowing that MFFX has just removed refunds, all this suggests that they are in great difficulty
  • #35,370
  • Apr 24, 2024 4:51am Apr 24, 2024 4:51am
Quoting rizla101
{quote} 33k apparently. Myfundedfutures response. 'Hello Felipe, Your payout request was denied as you didn't meet our one-trade-per-week minimum, as shown in the trade log. We've refunded all your transactions, so you've incurred no costs. For more details on our trading policy, see here:' Didn't quite follow the rules, but its really really harsh.

WHAT!!!! is that a thing over there?
  • #35,371
  • Apr 24, 2024 5:01am Apr 24, 2024 5:01am
Quoting Nehemah
{quote} Read the same on Twitter and Discord. This reminds me a little of TFT which started banning winners and went bankrupt a few months later. Knowing that MFFX has just removed refunds, all this suggests that they are in great difficulty
Yes very likely stressed, still accepting US custom though so perhaps receiving enough sign ups to be ok.

The refund thing is silly though, just allocate it as bonus instead if its not about the money. They downplayed how the refund of fees was insignificant to them, but they will still save over 1 million per year based on the figures they gave. Why not bonus the funded traders if its not about the money.
  • #35,372
  • Apr 24, 2024 5:18am Apr 24, 2024 5:18am
Quoting CableJ
{quote} WHAT!!!! is that a thing over there?
Must be, those are the firms words.

i do Feel sorry for that guy. There you are yoloing 30k in 2 days, put your feet up for the next 12days waiting for payout, then denied for a very small error.

Must read the rules follow the rules and then hope no discretionary rules appear on pay day in this prop game.
  • #35,373
  • Apr 24, 2024 5:24am Apr 24, 2024 5:24am
Quoting LehmanBrotha
{quote} Then just write live account. Yes I do since last year and I treat them as something that might disappear overnight. It is a leveraged gamble, but once inside, we play with house money.
Prove it. For all of us to see.
  • #35,374
  • Apr 24, 2024 6:03am Apr 24, 2024 6:03am
Quoting rizla101
{quote} Must be, those are the firms words. i do Feel sorry for that guy. There you are yoloing 30k in 2 days, put your feet up for the next 12days waiting for payout, then denied for a very small error. Must read the rules follow the rules and then hope no discretionary rules appear on pay day in this prop game.
I have noticed that MFFX add some rules on the fly but say it in a way that seems it has always been the case, like the 5 points minimum on NQ or 10 sec minimum trades, as seen on X.
Don't give up on your dreams. Keep sleeping.
  • #35,375
  • Apr 24, 2024 6:46am Apr 24, 2024 6:46am
Quoting coastie0194
So I've been getting accumulated with futures, and I must admit, I forgot to or thought I flatten all my trades and to my surprise I got an email that I pass my PA $50K account with Apex. I have two accounts currently but I didn't copy trade and I thought I closed all at $300 profit and one of them passed. I was shocked as I thought all my trades were cancelled/flattened. Not complaining so hear me out. I'm using Quantower and Rithmic with APEX. I'm asking if it would be prudent to open a forum to discuss futures trading platforms. I don't want...
would love one. there are futures forums out there, but most are tied to a broker or specific trading community

I'm already on the madness which is Discord, so that's an option
  • #35,376
  • Apr 24, 2024 7:01am Apr 24, 2024 7:01am
Quoting TheDoug
there are futures forums out there, but most are tied to a broker or specific trading community

You might want to look at the forum at nexusfi dot com , the best informed and most professional trading forum you can join without paying. Very well moderated: no BS posts, no rudeness, no spam, etc.
  • #35,377
  • Apr 24, 2024 7:14am Apr 24, 2024 7:14am
Quoting coastie0194
So I've been getting accumulated with futures, and I must admit, I forgot to or thought I flatten all my trades and to my surprise I got an email that I pass my PA $50K account with Apex. I have two accounts currently but I didn't copy trade and I thought I closed all at $300 profit and one of them passed. I was shocked as I thought all my trades were cancelled/flattened. Not complaining so hear me out. I'm using Quantower and Rithmic with APEX. I'm asking if it would be prudent to open a forum to discuss futures trading platforms. I don't want...
I think a new thread for futures firms/platforms would be great. Regarding Quantower, if you add your stop and take profit WHEN you create the order, it will flatten everything if one of them is hit.......if you manually close the position OR modify after entry, you need to close all working orders after the position closes.
Fortunately, this has worked in your favor.
  • #35,378
  • Apr 24, 2024 8:05am Apr 24, 2024 8:05am
Quoting pipmaster77
{quote} I think a new thread for futures firms/platforms would be great. Regarding Quantower, if you add your stop and take profit WHEN you create the order, it will flatten everything if one of them is hit.......if you manually close the position OR modify after entry, you need to close all working orders after the position closes. Fortunately, this has worked in your favor.
Just my opinion: This thread "Prop Firm Hub" is perfect. We discuss prop firms here (no matter forex / futures or anything). Also, there is a lot of cool and helpful here. I am hooked on to this thread. Everything that has to do with Prop firms, there platforms, there payout issues, Prop firms news, should be discussed here. This thread is and will grow fast.
Drawdown is more important than Account Size !
  • #35,379
  • Apr 24, 2024 8:15am Apr 24, 2024 8:15am
Quoting procrude
{quote} Just my opinion: This thread "Prop Firm Hub" is perfect. We discuss prop firms here (no matter forex / futures or anything). Also, there is a lot of cool and helpful here. I am hooked on to this thread. Everything that has to do with Prop firms, there platforms, there payout issues, Prop firms news, should be discussed here. This thread is and will grow fast.
while I agree, this site is also named "Forex Factory" and not "Futures Factory". I'm not even sure if they have a futures discussion in here. And yes, it is all under the label of trading, I wouldn't mind some general non-prop futures discussions as well
  • #35,380
  • Apr 24, 2024 9:08am Apr 24, 2024 9:08am
I dont think people realize that most of their favorite prop firms right now are having significant financial stress. The vast majority of in-flows are people trying to game the system and inflating numbers on the income and the outgoing.

Soon these props will start mass banning because of these groups and the reputation will get ruined on social media and they will go under. They HAVE to combat these groups to survive so that people who actually want to trade and not just attack props revenue streams can have the opportunity.

The problem is we - as traders- think everything is un fair. ITs unfair to wait 30 days for a payout, its unfair to have time limits and standards to achieve to be "virtual funded". Its unfair to have trailing drawdown. Its unfair to have a 10% profit target. Its unfair to have a minimum withdrawal amount. Its unfair to have a minimum trade number.

Everything that makes this model sustainable is unfair in the eyes for retail traders.

But hey, there are still idiots buying TFT accounts so perhaps they deserve whats coming.
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