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Quoting Capablanca

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I didn't have a payout from 5ers for a while. I go one last week. All good, we can go back to trading as soon as we request, and money hit Rise in just a few hours. However there's something I never noticed in past payouts, not sure if it's new or not. They deduct the payout from the balance and this accounts for the daily limit. For example: if I have 104K then I have a daily max at 98.800 (5%). If I withdraw 4K, the balance resets to 100K but the daily max is kept at 98.800. So in reality I just have 1.2% max daily that day. I never noticed that...

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Quoting Capablanca

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{quote} There was a guy that did a good work detecting what he suspects it's a group hedging organized. In Rise it's easier to trace. https://x.com/JustJoeFX/status/1811744988243354099

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Quoting noox

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{quote} I just asked chat support and they said the daily stop out will be reset after withdrawal. So you won't lose the account if you make a withdrawal over 5% of the initial balance.

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Quoting Takisd

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{quote} yes but if you really think about it, for rise this is very alarming as is money laundering.

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Quoting Capablanca

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{quote} Hummm.... this is more stealing from props than money laundry IMO because they're not receiving the invested amount less a %. They are receiving much more than the amount invested, at the expenses of the prop. What's your line of thought to classify that as laundering ?

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Quoting Capablanca

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{quote} Thanks Regarding the 5% that may be true, I didn't check with them because my payout was not above it. For the payouts below 5% that's deducted from the daily max because I checked the dashboard several times during the day, after the payout, and it never updated. So if someone has 104K and withdraws 4K, he will still have 98.8K as the max daily loss (5% on 104K). Not sure if the account is violated if one goes below that 98.8K, but the amount is there in the dasboard.

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Quoting Expo33

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{quote} It will show on the website that you've finished the calibration phase and your Darwin Index will be created on the following Monday. All this info is in their videos.

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Quoting noox

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{quote} I don't think support would tell me that I won't lose the account but then they close it if I withdraw over 5%. Maybe you could take a screenshot of your dashboard with the unchanged max daily drawdown and clarify it with support. That would be much help for those of us who don't have the patience to stop below 5% in two weeks.

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Quoting Takisd

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{quote} KYC says person A but it is going to account of person B. This is money laundering.

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Quoting Capablanca

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{quote} Thanks Regarding the 5% that may be true, I didn't check with them because my payout was not above it. For the payouts below 5% that's deducted from the daily max because I checked the dashboard several times during the day, after the payout, and it never updated. So if someone has 104K and withdraws 4K, he will still have 98.8K as the max daily loss (5% on 104K). Not sure if the account is violated if one goes below that 98.8K, but the amount is there in the dasboard.

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Quoting Capablanca

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{quote} OK, point given. I was thinking that this policing from Rise is dangerous for people, like me, that have one rise address for each prop (because I don't want Blue to be watching my my 5ers or FXIFY payouts or vice versa - it's none of their business and I don't need to show anything consolidated in Rise because I'm not selling anything to anyone). At the end of the circuit from Rise -> multiple self custody addresses -> conversion or whatever -> it all ends up in the same place, bank or exchange, despite starting in several Rise addresses...

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Quoting Capablanca

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{quote} It's just for the day. Next day things will be updated. I think even a yoloer can resist to trade for a day, if necessary

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Quoting Takisd

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{quote} Perhaps, but it is their business they are payment company. They HAVE to know the destination of the monies and the owner of that destination. It might suck from a privacy perspective but its compliance 101.

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Quoting noox

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{quote} What I meant is if I make 5% in a few days, I don't want to stop to wait for a week+ to get the split without risking losing the account. Of course it's ok for the day, but if this is a sneaky way to cap the max growth of the account (max 5% in 2 weeks) then it's not ok.

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Quoting Capablanca

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{quote} Looking from different perspective, Rise does the KYC and the money goes to that person. Then if person decides to "offer" that to another person is it Rise who has to control that ? That's putting much too much responsibility on Rise. I know AML laws are a pain in the ass but that's really an annoyance if they have to do that.

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Quoting Stoneyrocks

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Jeremy from Afterprime going prop … {image}

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Quote

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Minimum position holding time
Created by james manto, Modified on Sun, 21 Jul at 6:52 PM by james manto

All trades must be held for at least 2 minutes from the time they are opened until they are closed. During this period, setting a stop-loss (SL) or take-profit (TP) level is allowed to manage trades automatically, but manually closing trades is strictly prohibited. Stop-loss (SL) or take-profit (TP) levels must be set within 15 seconds of opening the position, and no manual changes are permitted after this timeframe, as it will be considered...