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TrAndy1 replied Aug 27, 2022To me it looks like FTMO is concerned about large payouts. Which is their own fault because of their unique max daily loss rule which is based on balance only and can favor swing traders a lot when they scale into winning trades. These trades can ...
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TrAndy1 replied Aug 27, 2022XL Trade has known payout issues, see also here url . I would not choose them among props, there are other better ones.
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TrAndy1 replied Aug 27, 2022Since all the smaller props have a different rule than max daily drawdown on balance but on equity, there is no risk from b-booking in total. But there can be some variance of course. So for calculating the odds you would only need to know how much ...
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TrAndy1 replied Aug 27, 2022Actually I do not understand what must happen that a FF membership is banned permanently.? KramerFX is already a known proven scammer. Why is he not banned ? I mean if there are evidences and even new member see a reason to force their first post to ...
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TrAndy1 replied Aug 21, 2022Not really because on FTMO you can still do Indices trading and having swing trades on them. Even a 30:1 leverage cap here and their new cap that only on initial balance the max. margin can be allocated, it is not a real limit on scaled swing ...
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TrAndy1 replied Aug 21, 2022Let me try to give you an answer. If a FX prop firm or FX broker is forced to do some A-booking they need to differ between profitable and loosing traders as my most important premise. Since they cannot differ among traders who have a solid trading ...
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TrAndy1 replied Aug 21, 2022Compounding on an account can force a prop firm to A book some of their highly profitable traders. Compounding is the most single critical factor here (beside the challenge fee of course) because when a good trader is in the gains and can increase ...
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TrAndy1 replied Aug 21, 2022Of course if they can figure out which trader to A book then it can makes sense to reduce the risk. On overall traders failure statistics which are published on internet I have calculated the minimum challenge fee for a 100k account must be ...
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TrAndy1 replied Aug 21, 2022From a math point based on overall failure statistics of any trader (90/90/90 rule etc.) a prop firm does not need to A book any of their traders. They only need to offer no compounding, meaning same fixed risk on every day. Then the prop firm can ...
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TrAndy1 replied Aug 21, 2022Why such prop firms can exist from a math point ? Because one cannot do compounding. Otherwise 1 trader out of 100 even with a 90/90/90 rule would make a killing.
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TrAndy1 replied Aug 16, 2022Just to make the point from the business view. 1 prop firm only makes the market is called a monopole, which is bad for customers/traders because they can do whatever they want. They are maximising producer rent, but we as a consument of props want ...
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TrAndy1 replied Aug 16, 2022That is the thing with your standards. Only FTMO and MFF are not enough for a long term healthy market with competition in there. If only two props make the market everyone should be careful. But there are coming up several questions for the resaons ...
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TrAndy1 replied Aug 16, 2022Just to make the point here on further discussions on prop firms here in this thread, Takisd. I understand your bias. But I am and most others if not all are totally unbiased and I also try to be as objective as I can. Everybody has noticed that ...
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TrAndy1 replied Aug 16, 2022You said also that you are doing business with prop firms offering consulting to them. And actually have two prop firms in your client base. So that also made you somehow interesting to ask little bit more than usually. I also understand that you ...
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TrAndy1 replied Aug 16, 2022Sorry for asking too much. I just wanted to know if I miss something valuable here. Only wanted to understand those facts you are writing. But in case you decided to change your trading account to EUR then you could save a lot of time and some fees ...
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TrAndy1 replied Aug 16, 2022Sorry for that. I apologize for that assumption. But when you have a greek corporation why you need to USD payments from ICM withdrawals ? What are the benefits ? You said you operate as corporation. Then you said you needed to pay 3% for using ...
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TrAndy1 replied Aug 16, 2022Are you not happy with EURO currency at all. I mean you reside in Greece being Greek, so there is the Euro. If you take Euro payments then it is all free and way faster.
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TrAndy1 replied Aug 16, 2022Just to understand that. Greek effective corporate tax rate is 21% now. Gain Capital tax rate at 20%. US Corporation tax rate now at 21%, but was higher 8 years ago when Takisd opened his US Corporation. So for trading from US he would need with ...
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TrAndy1 replied Aug 16, 2022I think my shown code is only 8% discount in reality, as you have already tried and used it for E8 challenge(s). But not needing verification is an argument itself.
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