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  • #35,901
  • May 3, 2024 6:04pm May 3, 2024 6:04pm
Quoting Nsak3y
{quote}-Any way to combat against it?
Maybe. I started building it few hours ago.
  • #35,902
  • May 3, 2024 9:32pm May 3, 2024 9:32pm
Quoting TheDoug
My prop firm email: "Good news! cTrader is now available for customers to use!" Me on prop firm's Discord: "So Americans can use your cTrader?" My prop firm: "No, but you can still use DX trade!" Me: "Then why did you send me that email saying I could use cTrader?" My prop firm: "We just wanted to deliver a consistent message to our customers."
Yeah I got the same email from that clown at Maven. I guess he thought I was in Nigeria where his main client base lives.

He's always blabbering on about the $120 payouts they make to Mujumbo Mabumbo and friends. It's pathetic
Pride always comes before destruction.... -Proverbs 16:18
  • #35,903
  • May 4, 2024 3:44am May 4, 2024 3:44am
Hello all.
This is my first post here, but I am following forexfactory for the last 15 years.
I need help to share my story.
I have 200k account at TFF (true forex funds), and I have generated 18000$ of profits. I am waiting since 8th of April (27 days now) for my payment. They are saying things like: soon, allow more time, you will get it as soon as possible etc. All just lies. Also many others are in the same situation.

I am really in a bad situation right now, because my rent is due and i have other financial obligations which I cannot solve right now because TFF don't want to pay me. I really trusted TFF will pay me in a reasonable time, but they are just avoiding paying me, ignoring me, and also banning me from Discord.
They are saying that people from high-risk countries are going through additional "Anti money laundering review", and that is why it is taking so long.
But the reality is that people from high-risk countries are getting paid under 24h (small amounts), while I am still waiting after 27 days (and I am not from "high-risk country"). So their logic doesn't even make any sense at all.

Also I didn't break any rule, this is not 1 trade high risk bet or anything like that.

I have tried everything, saying "please" 100 times, begging for my money so my family doesn't lose the living place, but they just don't care at all.
What should I do now? I have many screenshots of their lies and excuses. I created Twitter account to share my story, but since I don't have any followers or anything, I am alone in all of this. Please, contact me if you can help me somehow, because I am really desperate.

Thank you for help.
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  • #35,904
  • May 4, 2024 5:02am May 4, 2024 5:02am
Basically because props as we know now are video game casinos relying on income they are in bad situation in case fighting cheaters. If they choose to cap profits add consistency rules etc people take longer time to pass challenges and longer time trading funded accounts. This mean no quick income from regular gamblers. If they support gamblers with easy rules cheap challenges promotions etc they will invite cheaters. It's no win situation. I believe props should become more flexible and give traders more options and find middle point. Gambling accounts should be more expensive , maniacs will buy them anyway and cheaters maybe will stay away. For consistent long-term traders accounts should take longer to trade and generate profits but entry should be cheaper.
  • #35,905
  • May 4, 2024 6:27am May 4, 2024 6:27am
Quoting montygoldy
{quote} Ah misinterpreted. I retired in the context of forex prop firms only after being scammed multiple times. Thanks for the heads up.
Good. You will become a much better trader and make so much more money in the long term trading your own money. Best of luck
Emotional Control. Process, not outcome.
  • #35,906
  • May 4, 2024 6:40am May 4, 2024 6:40am
Quoting Nsak3y
{quote}-I am not even trading with FX props, but it's kind of annoying that there are groups of people cheating like this. It's just very selfish as it ruins everything for everyone else.
its done with any broker all the time, not only with this trading games (prop).
its nothing special for props, any company can only survive by get out the cheaters.
even in prop a lot cheat themself too (like some pure B book broker do same), because its often only way to survive because they are bad in risk management or very greedy.
  • #35,907
  • May 4, 2024 8:23am May 4, 2024 8:23am
Quoting Capablanca
Not a recommendation but if you're thinking in joining FXIFY this one year anniversaty is a pretty good promotion {quote}
I am buying there 100k challenge today. Not a bad deal. Specially coz I can use MT5. Thanks for the recommendation !
Drawdown is more important than Account Size !
  • #35,908
  • May 4, 2024 10:36am May 4, 2024 10:36am
Quoting Expo33
{quote} Yeah I got the same email from that clown at Maven. I guess he thought I was in Nigeria where his main client base lives. He's always blabbering on about the $120 payouts they make to Mujumbo Mabumbo and friends. It's pathetic
Well, I didn't say it in a racist way, but you do you.
  • #35,909
  • Edited 12:02pm May 4, 2024 11:30am | Edited 12:02pm
Quoting TheDoug
{quote} Well, I didn't say it in a racist way, but you do you.
Saying the country where clients come from isn't racist. Well, unless you're a Millennial or Gen Z, then everything is racist. And judging from the DMs you sent me begging for info about certain companies because your too lazy to research it for yourself tells me you fit into one of these groups. You should probably head on down to Columbia and join in the protests.

I suppose it wouldn't be racist if I said his clients were from Montana and he was blabbering on about paying some cowboy named "Buck McBlaze" or "Levi Saddlemaster". That would ok right? Yeah, I thought so.
Pride always comes before destruction.... -Proverbs 16:18
  • #35,910
  • May 4, 2024 11:41am May 4, 2024 11:41am
Quoting Nsak3y
{quote}-But what is actually static about it? Max DD, presumably? I guess it doesn't really matter...
A lot of discussions here, specially the ones about futures, have been around static DD or trailing DD. And knowing that you're a veteran here I don't understand your doubts about static or trailing. Honestly I'm even unsure if your profile wasn't hijacked.

Serious, Nsak3y, the 2 phase challenges were always static DD. The existing 1 phase challenges (except for Finotive) were trailing DD.
The new thing now from E8 is a 1 phase challenge with static DD. And MFFx seems to be following. And Lark also interested. I believe this will be the new trend to appear in the next weeks.
  • #35,911
  • May 4, 2024 11:42am May 4, 2024 11:42am
Quoting Takisd
Someone from one of the groups abusing props decided they trusted my alias enough to fill me in entirely. I will automate and test. If it works - there is no hope for props, payout cap or not .
Is this a telegram group or such ?
What's in it for them to disclose the method ? Do you belong to some sort of pool ?!
  • #35,912
  • May 4, 2024 12:42pm May 4, 2024 12:42pm
Quoting Expo33
{quote} Saying the country where clients come from isn't racist. Well, unless you're a Millennial or Gen Z, then everything is racist. And judging from the DMs you sent me begging for info about certain companies because your too lazy to research it for yourself tells me you fit into one of these groups. You should probably head on down to Columbia and join in the protests. I suppose it wouldn't be racist if I said his clients were from Montana and he was blabbering on about paying some cowboy named "Buck McBlaze" or "Levi Saddlemaster". That would...
LOL
  • #35,913
  • May 4, 2024 12:43pm May 4, 2024 12:43pm
To: Expo33 | From: TheDoug | Sent: Apr 18, 2024 11:03am
---------------------------------------------------------------------------------
so what is this exactly? I'm going through the website now. you can trade forex and/or futures? open to Americans? are you actually "funded" and earning payouts?

"Begging." LOL.
  • #35,914
  • May 4, 2024 12:47pm May 4, 2024 12:47pm
Quoting TheDoug
{quote} This is why, as a general rule, I don't like people.
What can I say?
  • #35,915
  • Edited 2:00pm May 4, 2024 1:47pm | Edited 2:00pm
Quoting Capablanca
And knowing that you're a veteran here I don't understand your doubts about static or trailing. Honestly I'm even unsure if your profile wasn't hijacked. Serious, Nsak3y, the 2 phase challenges were always static DD. The existing 1 phase challenges (except for Finotive) were trailing DD.
-Hi, Capa. It seems that there is a misunderstanding, so let me try to clarify. I was simply asking you without actually looking closely at the new model. I saw that it had a max loss as well as a 2% daily. So with that in mind, it made me curious about what was actually static. This is not a matter of not understanding static vs trailing, my friend. This was a simple matter of curiosity, but as mentioned, I do not really care much about it, either way, so it does not really matter I guess.

Probably, I should not have troubled you in the first place. I'm sorry for that.
  • #35,916
  • May 4, 2024 1:47pm May 4, 2024 1:47pm
Quoting Trader191
its done with any broker all the time, not only with this trading games (prop). its nothing special for props, any company can only survive by get out the cheaters.
-From a trader's perspective, perhaps it would be prudent to choose a prop that we know is employing proper measures to safe-guard against such cheaters. But how to do that without them disclosing their methods and allowing cheaters to gain an upper-hand?

I have no idea what these cheaters are doing. It seems that Takisd has some ideas, so maybe he can find a way to beat them and help to give these firms a fighting chance without needing to hurt honest traders.
  • #35,917
  • May 4, 2024 1:58pm May 4, 2024 1:58pm
Quoting Frenky
I need help to share my story.
I have generated 18000$ of profits. I am waiting since 8th of April (27 days now) for my payment. They are saying things like: soon, allow more time, you will get it as soon as possible etc. All just lies. Also many others are in the same situation. I am really in a bad situation right now, because my rent is due and i have other financial obligations which I cannot solve right now because TFF don't want to pay me.
-Probably, not much you can do except to wait. Perhaps they are having insolvency issues and actually need more time to recuperate.

Before blasting them all over social media (which will probably be your only recourse), I would first look to see if they are violating their own terms regarding payouts.

To each their own, but it is probably not wise to be putting yourself in a situation where you are relying on profits from one of these FX props in order to pay your rent and other financial obligations. These props should serve as a very ancillary source of income, at best.

That being said, I do wish you the best.
  • #35,918
  • May 4, 2024 2:10pm May 4, 2024 2:10pm
Quoting Capablanca
{quote} A lot of discussions here, specially the ones about futures, have been around static DD or trailing DD. And knowing that you're a veteran here I don't understand your doubts about static or trailing. Honestly I'm even unsure if your profile wasn't hijacked. Serious, Nsak3y, the 2 phase challenges were always static DD. The existing 1 phase challenges (except for Finotive) were trailing DD. The new thing now from E8 is a 1 phase challenge with static DD. And MFFx seems to be following. And Lark also interested. I believe this will...
TFF and Funded next 1 phase are both static as well. Tried both months ago.
  • #35,919
  • May 4, 2024 2:39pm May 4, 2024 2:39pm
Quoting Nsak3y
{quote}-Probably, not much you can do except to wait. Perhaps they are having insolvency issues and actually need more time to recuperate. Before blasting them all over social media (which will probably be your only recourse), I would first look to see if they are violating their own terms regarding payouts. To each their own, but it is probably not wise to be putting yourself in a situation where you are relying on profits from one of these FX props in order to pay your rent and other financial obligations. These props should serve as a very ancillary...
Yeah, I know. But they paid me multiple times before, all under 24h. And the reason is I had some bigger expenses and didn't wait for payout, but trusted them they will pay like always. Now I see how wrong I was. They are only paying <1k profits. Everything else is delayed indefinitely. Thanks btw
  • #35,920
  • May 4, 2024 3:34pm May 4, 2024 3:34pm
Quoting Nsak3y
{quote}-Hi, Capa. It seems that there is a misunderstanding, so let me try to clarify. I was simply asking you without actually looking closely at the new model. I saw that it had a max loss as well as a 2% daily. So with that in mind, it made me curious about what was actually static. This is not a matter of not understanding static vs trailing, my friend. This was a simple matter of curiosity, but as mentioned, I do not really care much about it, either way, so it does not really matter I guess. Probably, I should not have troubled you in the...
OK, OK, now I understand mate. I just found strange that you were making that question. It not that you're a noob in all this stuff so something had to be behind the question. Now I understood it.
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Btw, on the capped daily profit (2%) I wonder what happens if someone has the position opened for more than one day and is "unlucky" to close it after 4 days, for example, with +3%.
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