Disliked{quote}-There is no way that this is legit. $500 for 40,000 draw-down allowance. Even their instant funding is appealing.Ignored
https://t.me/forexpropreviewscom/46580
The owls are not what they seem
2
prop firm new model - my trading journey 871 replies
Anyone trading with a Prop firm 2 replies
So I accepted a Prop Trading job in South Beach Miami 43 replies
Disliked{quote}-There is no way that this is legit. $500 for 40,000 draw-down allowance. Even their instant funding is appealing.Ignored
DislikedAlso super cheap if they pay, definitely worth a closer look. https://eternityglobalfx.com/Ignored
Disliked{quote}-I would be curious if anyone has tried Traders With Edge yet. I've started looking into them more, ever since someone posted about them here. I really like that they have customizable models, especially the no-daily-drawdown option. That's huge for traders because it allows for significant padding on the account for protection. Not sure if they will be able to sustain it over the long-term, but if they do, then that would be significant in my opinion.Ignored
DislikedPeople need to understand that as far as I can see, only eightcap is accepting prop firms in any official capacity. The rest using brokers outside of their own servers, are doing so without permission. No broker wants their servers clogged up with hundreds of demo accounts with no use. If you remember when MFF started, they had like 4 brokers to choose from, then slowly ended at fxpig only because the other brokers told them off as they boomed. It is no different for others and we shouldn't use prop firms that do not have some official agreement...Ignored
DislikedI also must admit there are some warnings that EternityGlobalFX is not paying out profit splits. See here, it is in spanish only so you need to autotranslate it. Also on trustpilot there are some claims waiting for payments. So this must be added here too, to get a more complete picture. I hope their testimonials are true on their site. https://www.youtube.com/watch?v=1RGIBIH-oUEIgnored
Disliked{quote} What I dislike is their consistency rule (they call it "No manipulation" rule) which basically means your lot sizes have to stay within a range of 1-5x. Whenever you open a trade which is either more than 5x bigger than the smallest one so far, of less than 5x smaller than the biggest one so far, you violate the rule. So you open 1 lot, then 6 lots and violate the rule...Ignored
Disliked{quote} WTF ?! They were using brokers without telling them, just creating demo accounts and giving them to the customers ?! Any ay of knowing when there's a legitim contract, as you explained ?Ignored
Dislikedwe shouldn't use prop firms that do not have some official agreement with the brokers they choose to use.Ignored
DislikedWhat I dislike is their consistency rule (they call it "No manipulation" rule)Ignored
Disliked{quote} I think its safe to say if its not eightcap, their own white label or own server, its likely without permission with the exceptions being maybe purple trading who used to be FTMO's broker as well. I think they might be still in the space. TPT owns its own broker but with a different name like MFF. FTMO is a whitelabel, TFTP is eightcap, e8 is whitelabel, TFF is white label, fundednext is eightcap but there are questions over whether or not they are legitimately eightcap or just using eightcap cos others do (they bypassed the middle men)....Ignored
DislikedI have to say that The Funded Trader(TFT) offers two choices of either Eightcap or Purple trading. This is an extension of the value they offer to their customers. It is this value that I like most about TFT. They try their best to ensure you are fully covered.Ignored
Disliked{quote} Thanks for the insight Takisd. I wonder why would a company go though all the nuisances and resources of creating a broker to produce a trading videogame, unless they want also to compete as a normal FX broker for normal FX traders. Do MFF and TPT have brokers competing with any other Fx broker ? When you're saying white labels is that established brokers that give them some sort of skin for them to use, pretending that this is FTMO or TFF own brokers ?Ignored