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  • #36,061
  • May 7, 2024 5:40am May 7, 2024 5:40am
Which prop firms are still paying without payout delays ect? ftmo,, 5ers? anyone knows?
  • #36,062
  • May 7, 2024 5:44am May 7, 2024 5:44am
Quoting rizla101
{quote} They just need few days to sell more challenges, then they can afford to pay you . I'll buy one today to speed up your payout.
mate your are so generous
love it
  • #36,063
  • May 7, 2024 5:46am May 7, 2024 5:46am
TheFundedTrader, Funderengineer, Trueforexfunds which firm gonna be next to go down?
Too many prop firms anyway bring brack FTMO MFF era
  • #36,064
  • May 7, 2024 5:50am May 7, 2024 5:50am
Quoting Novazor
Which prop firms are still paying without payout delays ect? ftmo,, 5ers? anyone knows?
From my personal experience Alpha and FXIFY are still paying. In Funded Next I'm about to receive another payout so let's see.
I have not been reading about denied payouts in E8 but I didn't have any recently.
  • #36,065
  • May 7, 2024 5:51am May 7, 2024 5:51am
Quoting montygoldy
{image}
Apparently a two-phase program so there will be a catch somewhere as the mechanics clearly don't work.

Unless Blake is hoping to fund it from his lawsuit against TFT.
  • #36,066
  • May 7, 2024 5:52am May 7, 2024 5:52am
Quoting genuine007
135 $ MONTHLY FEES FOR DATA (ridiculous)

That’s the CME fee: it doesn’t go to the prop firm. If you’re trading “someone else’s money” (which you are, obviously, with a genuinely funded account rather than with an imitation one), you’re a professional trader, according to CME, so you have to pay for exchange data-feed. That’s the same everywhere.

(Now call me a “shill for CME”, lol - everything else I try to explain here, I get called a “shill” for something/someone, usually for conflicting things, too).
  • #36,067
  • May 7, 2024 6:10am May 7, 2024 6:10am
Quoting Capablanca
{quote} From my personal experience Alpha and FXIFY are still paying. In Funded Next I'm about to receive another payout so let's see. I have not been reading about denied payouts in E8 but I didn't have any recently.
i dont know why mine request is flagged
alpha capital is not much my account size 300k
  • #36,068
  • May 7, 2024 6:22am May 7, 2024 6:22am
Quoting HengkiTjen
{quote} i dont know why mine request is flagged alpha capital is not much my account size 300k
Last month my payout request was also flagged by alpha capital because they wanted me to redo KYC. You can ask live chat the reason if they don't process your payout in 2 days.
  • #36,069
  • May 7, 2024 6:33am May 7, 2024 6:33am
One problem is, that the prop firms gave people unlimitted time to pass challenges. That must have lead to less cash.

Next problem is that some people are to clever in their trading and require large cash payouts. If they could set a roof on the possible payout per invoice - like 5K, then the prop industri could survive.
MetaTrader 4 - so many advantages.
  • #36,070
  • May 7, 2024 6:41am May 7, 2024 6:41am
Quoting RiskFighter
One problem is, that the prop firms gave people unlimitted time to pass challenges. That must have lead to less cash. Next problem is that some people are to clever in their trading and require large cash payouts. If they could set a roof on the possible payout per invoice - like 5K, then the prop industri could survive.
I do think the next restriction that will be adopted by many forex props is payout cap per invoice.
  • #36,071
  • May 7, 2024 6:45am May 7, 2024 6:45am
Hi all, I'm currently funded with Trueforexfunds and Blueguardian and was funded with Fundedengineer

TFF 400K
My payout request is in review for 8 business days already. They owe me 6K

BG 400K
No problems so far, payouts during 1-2 business days

FE
I was funded with them since January so they converted my accounts to Phase 1. There was also an option of preserving accounts but with 1% profit per month cap and with condition that all pending payouts will be denied and they owe me 12K

Does anyone have experience with Fundedpeaks or Realfundstrader? Any payout problems with them?
  • #36,072
  • May 7, 2024 6:57am May 7, 2024 6:57am
Quoting ladder
{quote} I do think the next restriction that will be adopted by many forex props is payout cap per invoice.
I believe so, too. Basically something like futures. You can withdraw up to X in the first 3 months.
They know that after 3 months Y% of the funded accounts are gone.

And to prevent that I do 50K in the first day and then wait 3 months to withdraw it they will oblige us to trade minimum X days per payout cycle, no more than Z% days with 0.01 lots and Y% of the profit can't be done in one single day.

The wheel is invented in futures, specially Apex. They just have to copy it.
  • #36,073
  • May 7, 2024 7:03am May 7, 2024 7:03am
Quoting Takisd
I got quite a lesson on whats going on with most prop firms right now and why their payout ratios became so bad. 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 it reverse trading? I wonder what the scale of the problem is. Do you know approximately how many such groups there are? And how many members each group has on average?
  • #36,074
  • May 7, 2024 7:21am May 7, 2024 7:21am
Quoting Novazor
TheFundedTrader, Funderengineer, Trueforexfunds which firm gonna be next to go down? Too many prop firms anyway bring brack FTMO MFF era
Tune in tomorrow, for another episode of "As The Prop Firm Turns"....will Hengi get paid? Which firm will go down next? Will Angelo go to prison? Will Apex pay out 100 million this month? Tune in tomorrow for these answers and more..........
  • #36,075
  • May 7, 2024 7:23am May 7, 2024 7:23am
Quoting Capablanca
{quote} From my personal experience Alpha and FXIFY are still paying. In Funded Next I'm about to receive another payout so let's see. I have not been reading about denied payouts in E8 but I didn't have any recently.
5%ers still good. I've been paid within the past 3 weeks (after migration) and have yet to see any issues anywhere with them.
  • #36,076
  • May 7, 2024 7:33am May 7, 2024 7:33am
Quoting Capablanca
{quote} I believe so, too. Basically something like futures. You can withdraw up to X in the first 3 months. They know that after 3 months Y% of the funded accounts are gone. And to prevent that I do 50K in the first day and then wait 3 months to withdraw it they will oblige us to trade minimum X days per payout cycle, no more than Z% days with 0.01 lots and Y% of the profit can't be done in one single day. The wheel is invented in futures, specially Apex. They just have to copy it.
You are exactly right, Capa. The futures firms work like well oiled machines because of everything you mention above. No reason it cannot be duplicated in forex. If they do it exactly the same with mega discounted evals and then pay for "stage 2", the build the buffer stage, they may actually become more profitable. More people will purchase $30 evals, you are still charged for the "live" account and must build a buffer before payout. Obviously, not as trader friendly, but the trade-off would be not worrying about getting paid.
  • #36,077
  • May 7, 2024 7:40am May 7, 2024 7:40am
I do not agree with the replication of the futures model. It doesn't resolve the underlying problem it just prolongs it.

That being said - this rinse of trash is healthy. It will spread to futures soon as the race to the bottom there heats up but thats for season 2 of the episode.
  • #36,078
  • May 7, 2024 7:40am May 7, 2024 7:40am
Quoting RiskFighter
One problem is, that the prop firms gave people unlimitted time to pass challenges. That must have lead to less cash.
On the contrary. It led to more income for them. That was why they (rightly) did it.
  • #36,079
  • May 7, 2024 7:54am May 7, 2024 7:54am
Quoting Takisd
I do not agree with the replication of the futures model. It doesn't resolve the underlying problem it just prolongs it. That being said - this rinse of trash is healthy. It will spread to futures soon as the race to the bottom there heats up but thats for season 2 of the episode.
I agree with the rinse of trash. I was discouraging using 95% of these firms long before it became a problem.
Can you elaborate on the futures model not resolving, but prolonging the problem.
  • #36,080
  • May 7, 2024 7:59am May 7, 2024 7:59am
Quoting pipmaster77
I was discouraging using 95% of these firms long before it became a problem.

You were. So was I. (The difference was that I was for ever wrongly accused of being a shill for 5 or 6 different things - and even sometimes of having multiple memberships here! - because of that.)
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