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Anyone trading with a Prop firm 31 replies

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  • #45,721
  • Edited 8:52am Dec 30, 2024 8:40am | Edited 8:52am
Quoting maltrader
{quote} Seems like forex is still very much more popular than futures. Can't say it's unexpected with the bigger and static drawdowns making forex a safer bet to get funded.
Not with US citizens! After MFF takedown, MT4 US ban, FTMO + 5ers US ban & TFT collapse... FX props are pretty much dead in the most lucrative prop market. FX prop influencers on YouTube have seen their views fall off a cliff over the last year. The other massive issue with forex props is who is reliable & consistently paying out 15K+ with zero problems these days?
  • #45,722
  • Dec 30, 2024 9:02am Dec 30, 2024 9:02am
Quoting CableJ
{quote} Not with US citizens! After MFF takedown, MT4 US ban, FTMO + 5ers US ban & TFT collapse... FX props are pretty much dead in the most lucrative prop market. FX prop influencers on YouTube have seen their views fall off a cliff over the last year. The other massive issue with forex props is who is reliable & consistently paying out 15K+ with zero problems these days?
Those who have not received till now big payouts like that 15k, 20k will receive without any problem
& especially if their trading data is much more useful for the props and their trading is not like buying & selling here & there for quick small pips.
Like I said, I think there is a limit of maximum payout which a trader can take out from props if he is a good trader. Once that limit is reached, he will also face consequences. All these props have all the data regarding every trader how much that person has earned through props.

US residentials I think still can use MT4 to run their EA's bots on demo environment for charts & technical analysis.
But for trading execution they need some other platform. MT4/MT5 are not completely banned I think and its impossible to stop users from accessing MT4/MT5.

First main important thing is to make a payout with beautiful trading which props will love to A-book with their huge capital.
Props are occupied with trash traders and that's why they got denied.
  • #45,723
  • Dec 30, 2024 10:38am Dec 30, 2024 10:38am
Quoting wansiman
https://bricsnetwork.online/ new one ?
What about this one ?
https://xrading.com/
  • #45,724
  • Edited 11:05am Dec 30, 2024 10:53am | Edited 11:05am
people signed up for 50k account with DLL 1.2K must be extremely careful in choosing lots to trade.

One DLL 1.2K gone means, it is difficult to recover. You will end up paying 80, 80,80 before realizing what is wrong

However, 150k account with 3.75k DLL, one can manage DD.
Intraday only.
  • #45,725
  • Dec 30, 2024 11:44am Dec 30, 2024 11:44am
Looking back at 2024 I think the best overall plan was the Starter $80 plan from My Funded Futures. No Activation fee and EOD.

For new guys coming in the futures prop space... remember... End of Day drawdown is a must have and make sure you know the activation Fee cost.
Drawdown is more important than Account Size !
  • #45,726
  • Dec 30, 2024 11:45am Dec 30, 2024 11:45am
Quoting navk
people signed up for 50k account with DLL 1.2K must be extremely careful in choosing lots to trade. One DLL 1.2K gone means, it is difficult to recover. You will end up paying 80, 80,80 before realizing what is wrong However, 150k account with 3.75k DLL, one can manage DD.
My rule is:

50k - 1 to 2 Micro's
100k - 1 to 2 Mini's
150k - 2 to 3 Mini's

And this is based on typical drawdown. Not the balance.
Drawdown is more important than Account Size !
  • #45,727
  • Dec 30, 2024 11:48am Dec 30, 2024 11:48am
Finally got approved with Ninjatrader... it was almost like filing a US Citizenship application lol
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Drawdown is more important than Account Size !
  • #45,728
  • Dec 30, 2024 12:31pm Dec 30, 2024 12:31pm
Quoting wansiman
{quote} What about this one ? https://xrading.com/
Haven't seen anything so brazen yet.

Deposit 1k, You get 9k "funding" and a "10k" account with a max loss limit of 1k. Then after you earn 2k, you get 1.6k back and your "funding" is "doubled" with an extra 19k and a "20k" account and so on and so forth.

Might as well deposit 1k into a broker and turn it into 3k. Then turn the 3k into 9k then into 27k, 81k, etc.
  • #45,729
  • Dec 30, 2024 1:34pm Dec 30, 2024 1:34pm
Quoting maltrader
{quote} Haven't seen anything so brazen yet. Deposit 1k, You get 9k "funding" and a "10k" account with a max loss limit of 1k. Then after you earn 2k, you get 1.6k back and your "funding" is "doubled" with an extra 19k and a "20k" account and so on and so forth. Might as well deposit 1k into a broker and turn it into 3k. Then turn the 3k into 9k then into 27k, 81k, etc.
Than you have to make 200% profit with the 10.000 only 20% (1600 profit)
  • #45,732
  • Dec 30, 2024 4:03pm Dec 30, 2024 4:03pm
The "Instant funding" is going to be regulatory canon fodder eventually. It looks to me as though this is just hyper leveraged trading accounts, a low level lawyer in the public service likely will see it eventually and pick it off as its easy pickings.

I would avoid any firm with instant funding.
  • #45,733
  • Edited 5:04pm Dec 30, 2024 4:25pm | Edited 5:04pm
Why the post’s of Fx rookie and Artcool got hidden status ?! Just informing us of a sale …
  • #45,734
  • Edited 7:11pm Dec 30, 2024 6:02pm | Edited 7:11pm
Quoting Stoneyrocks
Why the post’s of Fx rookie and Artcool got hidden status ?! Just informing us of a sale …
Yep wondering as well....
Coz thats golden 90% + 85$ activation......
Maybe @rookie post should be whitelisted as its a screenshot from apex discord…
Extreme gut feeling trader
  • #45,735
  • Dec 30, 2024 6:38pm Dec 30, 2024 6:38pm
Quoting montygoldy
{quote} Yep wondering as well.... Coz thats golden 90% + 85$ activation......
the profit target to DD ratio for higher size accounts looking not good.
20 k profit target DD is 7.5k.
Intraday only.
  • #45,736
  • Edited 8:52pm Dec 30, 2024 7:10pm | Edited 8:52pm
Quoting navk
{quote} the profit target to DD ratio for higher size accounts looking not good. 20 k profit target DD is 7.5k.
doesnot matter they do 40k payouts ..:::: thats mouth watering….::

purchasing atleast 40-50 50k evals ….. to yolo them……
Extreme gut feeling trader
  • #45,737
  • Dec 30, 2024 7:17pm Dec 30, 2024 7:17pm
Quoting montygoldy
{quote} doesnot matter they 40k payouts ..:::: thats mouth watering….:: purchasing atleast 40-50 50k evals ….. to yolo them……
Intraday only.
  • #45,738
  • Edited 1:51am Dec 31, 2024 12:51am | Edited 1:51am
maybe posts are hidden because of the codes. I really do not know what I have done wrong.
Let's see what Tradeify answer
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  • #45,739
  • Dec 31, 2024 1:53am Dec 31, 2024 1:53am
Quoting Stoneyrocks
Why the post’s of Fx rookie and Artcool got hidden status ?! Just informing us of a sale …
I don't see why either, likely someone with red flag doesnt like apex.
  • #45,740
  • Dec 31, 2024 4:24am Dec 31, 2024 4:24am
Just hit 159k on Tradeify. Think I can submit a payout request EOD. Hope it's approved.

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