Prop Firm Question

[flamingoproxy]

@pilgrimprayers

how do prop firms pay you out?

they vary

some do exactly what they say and fund genuine, live accounts; many don’t

@pilgrimprayers

I have heard that they only payout from failed challenges,

“only” is wrong - some are completely legitimate

@pilgrimprayers

I have heard that they link accounts of profitable traders to live accounts to leverage investor capital

some do that (e.g. Earn2Trade)

@pilgrimprayers

I have heard that some don’t payout at all…

this is certainly right

@pilgrimprayers

Also, what is an A-book prop firm, does that mean you are trading live funds?

yes

@pilgrimprayers

if I were to have a 500k account with The Funded Trader for example, what is the likelihood of me being paid out.

i don’t know, but i wouldn’t try that one, myself

especially with the MFF litigation currently under way, it’s a big and complicated issue

the one certainty is that the futures funding companies are, overall, a FAR better and safer bet than the spot-forex/CFD ones

there’s more in these threads …

Prop Firm: Yes or No?

they do - several do (what you’re asking about are actually “funding companies,” not “prop firms”, though in this forum they’re commonly labelled and described as “prop firms”, and these days even some of the funding companies call themselves that, which is hugely misleading!) there were - among others - a few people here who successfully traded with MFF (“MyForexFunds”), currently in receivership with regulatory litigation pending i, like many others here, mistakenly thought they were one o…

Try to get funded I need bit tips

i agree with both of Johnny’s comments above ive done quite a lot of “due diligence” (careful research) on this subject, recently, for a family member who has just started off, this way (with some success) it’s all a bit of a minefield be aware of three important things, before you start:- most of these funding companies (they’re not “prop firms” at all, of course) make most of their income from the repeated fees of people failing their challenges in my opinion, you should automatical…

Funded Accounts

i agree, of course SovoS, i just want to thank you for all your attempts, here, to refute some of the prejudiced misinformation posted above you won’t ever manage to convince silverf466 that he’s mistaken, but your posts are still a service to other readers who might otherwise make the mistake of imagining that he actually knows what he’s talking about it’s not easy debating intelligently with sheer, blind prejudice and misinformation

Anyone here with prop firm trading experience?

i’m still on their mailing-list from when i did all my research last year, got the email with a link a few days ago - i was very surprised indeed: their time-limit was kind of my only reservation about them (albeit a pretty big reservation) - i suppose there’s still the issue that MFF ask for 8% profit and FTMO want for 10%, but without the time-limit (which MFF still has) i thought that’s maybe no longer a big deal at all? both these companies are also two-step evaluations, but with only 5% r…

PS: they’re not really “prop firms” at all - they’re “funding companies”