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  • #47,001
  • Feb 26, 2025 4:54am Feb 26, 2025 4:54am
Quoting KarlKraus
{quote} {quote} Even though one knows they're crooks, really, compared with the futures ones who only profit when you win, it's still somehow astonishing how shameless some of them are about it. And then people complain about regulation!!
Online futures props are casinos, just like the CFD ones. They win when traders lose. Regulation will only kill the online industry.
  • #47,002
  • Feb 26, 2025 5:16am Feb 26, 2025 5:16am
Quoting Capablanca
{quote} Online futures props are casinos, just like the CFD ones. They win when traders lose. Regulation will only kill the online industry.
I had typed it out but decided not to waste my time replying.
  • #47,003
  • Feb 26, 2025 5:29am Feb 26, 2025 5:29am
Quoting navk
I have nothing to do in futures elite. I made my money for today. Trying out blunox option 1 plan. Cheap. Projectx platform. 50k for 15.75 $
Today, I passed 50k Bulenox 50k account.

Paid a fee of 15.75 $ and 148 dollars activation fee.

Master account active from today.

This is intraday trailing down plan.

Intraday only.
  • #47,004
  • Feb 26, 2025 5:36am Feb 26, 2025 5:36am
Futures elite Funded acc update :

Today two of my 50k accounts made it to 5th trading day.
Acc 1 : Profit 1700 +
Acc 2 : Profit 1500 +
Acc 3 : Profit 1500 + ( Only 4 days complete )

I have stopped trading in 2 accounts as i met mandatory 5 trading days.

In all 3 accounts above, i met consistency target 40 %.

Will have to wait for 14 days to complete.

March 6th, 7th and 8 th, I am eligible to submit payout req.
Intraday only.
  • #47,005
  • Feb 26, 2025 9:41am Feb 26, 2025 9:41am
I have passed yet another 50k account with futures elite today ( 1 day pass !! )

But, I can not trade this 6 th funded account as i have already 5 accounts. The 6 th one will be in que and i can trade once any one of funded account i blow.
Intraday only.
  • #47,006
  • Feb 26, 2025 10:03am Feb 26, 2025 10:03am
Quoting Capablanca
Online futures props are casinos, just like the CFD ones. They win when traders lose.
Quoting Takisd
I had typed it out but decided not to waste my time replying.

This is bullshit and you both know it.

If they open a genuinely funded CME account for you (and you can independently verify that they’ve done so in seconds, as so many of us have now pointed out to you so many times) they can only profit when you profit. It’s a genuine partnership.

However many times you keep alleging that they’re casinos just like the CFD ones, and however much you claim that they win when you lose, you can’t make it true.

And it isn’t true.

The number of people who understand that - even in this forum - is gradually increasing now, and it will continue inexorably to do so, in spite of you trying to mislead people to justify your own extraordinary and illogical agenda, here.

Other, more serious forums seem not to have this problem at all: the understanding-level of this industry is way higher elsewhere than it is here. But those forums don’t have people here like you two, who are continually trying to mislead people to justify your own extraordinary and illogical agenda (and they wouldn‘t tolerate that, either).
  • #47,007
  • Feb 26, 2025 10:13am Feb 26, 2025 10:13am
Quoting Quickly
{quote} {quote} This is bullshit and you both know it. If they open a genuinely funded CME account for you (and you can independently verify that they’ve done so in seconds, as so many of us have now pointed out to you so many times) they can only profit when you profit. It’s a genuine partnership. However many times you keep alleging that they’re casinos just like the CFD ones, and however much you claim that they win when you lose, you can’t make it true. And it isn’t true. The number of people who understand that - even in this forum - is gradually...
So I agree with both parties here.....Yes, once you are live, everything Quickly states is correct.
However, up until that point, eval and "sim funded" it is absolutely a casino and they are indeed hoping you never get to live....they live off of fees.
95%+ never get to live.
CFD prop firms are casinos 100% of the time....there is no live......that's the difference. But in reality, CFD are never "live even with a "broker" as 95% are simply market makers and your order never goes to any type of exchange.
  • #47,008
  • Feb 26, 2025 10:47am Feb 26, 2025 10:47am
You are being too kind pipmaster.

The statement in question is
"compared with the futures ones who only profit when you win,"

Its a load of bullshit. The end. Futures companies make 95+% of their revenue from losing traders. Just like CFD firms.

These two goons can try to self gratify in here with their shill nonsense all they like. The revenue for futures firms comes from the same source as CFD firms. The only difference is, once you have successfully taken a steamy dump over the futures balance sheet, you will finally get an excessively restrictive live account. Which is less beneficial than the account in which was not live.
  • #47,009
  • Feb 26, 2025 11:01am Feb 26, 2025 11:01am
Quoting Takisd
You are being too kind pipmaster. The statement in question is "compared with the futures ones who only profit when you win," Its a load of bullshit. The end. Futures companies make 95+% of their revenue from losing traders. Just like CFD firms. These two goons can try to self gratify in here with their shill nonsense all they like. The revenue for futures firms comes from the same source as CFD firms. The only difference is, once you have successfully taken a steamy dump over the futures balance sheet, you will finally get an excessively restrictive...
Yes, they are the same in the sense they make 95% of their money from fees. neither wants you to get to live. Yes, once you get to live with futures, it is very restrictive, but it is real, CFD is never real.
With all of that being said, I would prefer to live in the SIM Funded world all of the time and never be put on live, but then that defeats the entire purpose of what these firms are marketed as.
It's why I'm glad Expo showed me Darwinex and I only hope I can duplicate that with 4-5 similar companies. As you recently stated, highly unlikely to be duplicated though.
  • #47,010
  • Feb 26, 2025 11:58am Feb 26, 2025 11:58am
Quoting pipmaster77
{quote} Yes, they are the same in the sense they make 95% of their money from fees. neither wants you to get to live. Yes, once you get to live with futures, it is very restrictive, but it is real, CFD is never real. With all of that being said, I would prefer to live in the SIM Funded world all of the time and never be put on live, but then that defeats the entire purpose of what these firms are marketed as. It's why I'm glad Expo showed me Darwinex and I only hope I can duplicate that with 4-5 similar companies. As you recently stated, highly...
I do not think that the likes of Aqua, goat or almost any of the new futures firms is going to be real money. In fact some already have payout delays.

To use the CME as a means of promoting futures firms is dubious at best. Both CFD and futures are the same thing just different products and models, the live funding or a-book or c book is not part of the equation, without new money in the business collapses.
  • #47,011
  • Feb 26, 2025 12:12pm Feb 26, 2025 12:12pm
Quoting Takisd
You are being too kind pipmaster. The statement in question is "compared with the futures ones who only profit when you win," Its a load of bullshit. The end. Futures companies make 95+% of their revenue from losing traders. Just like CFD firms. These two goons can try to self gratify in here with their shill nonsense all they like. The revenue for futures firms comes from the same source as CFD firms. The only difference is, once you have successfully taken a steamy dump over the futures balance sheet, you will finally get an excessively restrictive...
well, i read your statement with care. Excessive restrictive live account, who cares live account these days ?

A smart trader takes 1,2,3 or max 4 payouts from a Simulated account and then blows it.

He again repeats evaluation and funding.

This is allowed by futures firms.

Firms like topstep dis allows and bans traders if some one excessively blows Eval or funded account.
Intraday only.
  • #47,012
  • Feb 26, 2025 12:15pm Feb 26, 2025 12:15pm
Over and over again, we see topics whether fx or futures firm will survive long term.

Who cares whether they survive long term or no.

Milk them as long as they survive and as long as you survive.

Then open live account with mt4/mt5 brokers
Intraday only.
  • #47,013
  • Feb 26, 2025 12:29pm Feb 26, 2025 12:29pm
Quoting navk
Over and over again, we see topics whether fx or futures firm will survive long term. Who cares whether they survive long term or no. Milk them as long as they survive and as long as you survive. Then open live account with mt4/mt5 brokers
Your mindset is correct I think. Someone will innovate eventually but until then do what you are doing.

this is a recent, but not isolated, review of some newer futures firms. There are tiers of quality, topstep for futures for example and FTMO for CFD of course are of similar quality. But to say futures vs cfd is any different is bit crazy.

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  • #47,014
  • Feb 26, 2025 12:55pm Feb 26, 2025 12:55pm
Quoting navk
Who cares whether they survive long term or no.

Millions of people (rightly) do.

Nearly all of us, countless future generations of retail traders, hundreds of brokerages, hundreds of prop firms, various other financial institutions, people selling information, affiliate marketers, review website promoters, and so on.

Enormous numbers of people (understandably) care.

Since you ask!
  • #47,015
  • Feb 26, 2025 1:36pm Feb 26, 2025 1:36pm
alright account deep in red -5%
anyone can help recover havent trade for awhile losing touch
  • #47,016
  • Feb 26, 2025 3:20pm Feb 26, 2025 3:20pm
Quoting KarlKraus
{quote} Millions of people (rightly) do. Nearly all of us, countless future generations of retail traders, hundreds of brokerages, hundreds of prop firms, various other financial institutions, people selling information, affiliate marketers, review website promoters, and so on. Enormous numbers of people (understandably) care. Since you ask!
I do not care to be on long term because, on a long term, sustainability of firm, rules, regulations, and sustainability of Traders with such rules are a big question.

On a long term basis, i will go with different mt4/mt5 brokers my private account.

The earning from such prop firm is like jackpot.

If you believe these firms or your skills for long term, well... best of luck
Intraday only.
  • #47,017
  • Feb 26, 2025 10:02pm Feb 26, 2025 10:02pm
Quoting HengkiTjen
alright account deep in red -5% anyone can help recover havent trade for awhile losing touch
I have experience of not losing a challenge account for like 5 to 6 months and bringing back any challenge account from drawdown like as deep as 6% 7% 8% 9%
But I have completed stopped helping people now because intelligent people here call me by names when I give some offers here
  • #47,018
  • Edited 1:32am Feb 27, 2025 1:03am | Edited 1:32am
Quoting Quickly
{quote} {quote} This is bullshit and you both know it. If they open a genuinely funded CME account for you (and you can independently verify that they’ve done so in seconds, as so many of us have now pointed out to you so many times) they can only profit when you profit. It’s a genuine partnership. However many times you keep alleging that they’re casinos just like the CFD ones, and however much you claim that they win when you lose, you can’t make it true. And it isn’t true. The number of people who understand that - even in this forum - is gradually...
It's the T&Cs of TST, not me, that state that traders will be in a simulation account, which means a trading videogame (casino).No need to repeat arguments:
https://www.forexfactory.com/thread/...5#post15036005

The few traders that are put in live are net losers so if regulation ever obliges props to put everybody in live they would be bankrupt, as I said.

Anyway, you're going now to my ignore list as this year I decided not to waste my time with people that add zero to the topic.
  • #47,019
  • Feb 27, 2025 1:30am Feb 27, 2025 1:30am
Quoting pipmaster77
{quote} So I agree with both parties here.....Yes, once you are live, everything Quickly states is correct. However, up until that point, eval and "sim funded" it is absolutely a casino and they are indeed hoping you never get to live....they live off of fees. 95%+ never get to live. CFD prop firms are casinos 100% of the time....there is no live......that's the difference. But in reality, CFD are never "live even with a "broker" as 95% are simply market makers and your order never goes to any type of exchange.
Since their participation in this thread Quickly and Karl have been always trying to mislead people saying that in futures everything is real, which is not. It's a trading videogame for most of the traders, just like CFD videogames.

It's TST it self that state that in FAQs:
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Even if you want to be in a live account they can deny that. Impossible to be more clear that this.
  • #47,020
  • Feb 27, 2025 1:40am Feb 27, 2025 1:40am
Quoting HengkiTjen
alright account deep in red -5% anyone can help recover havent trade for awhile losing touch
- What % remained before the account is Dead.
- Is it "CFD" or "futures" ?
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