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TrAndy1 replied Oct 19, 2023Another thing is, that the prop firm as business company working with customers is also in duty to documentate all things also within a legal framework which is given from the country its laws. So in case they do so, the regulators have everything ...
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TrAndy1 replied Oct 19, 2023Also I think if a prop firm has too discretionary rules about denying a funded account after passing a challenge, this is also subject to the regulators and could be fined too. Because of the fact there is no real profit split. Only virtual profits ...
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TrAndy1 replied Oct 19, 2023Same is with TFT like Angelo is exchanging info about traders trades data to reverse engineer their strategies. You simply cannot sell anyones personal data without clearly written agreement upfront. And then even it is very difficult to do so, ...
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TrAndy1 replied Oct 19, 2023This law of data protection and privacy is also the same when the prop like Bespoke is checking if any trader is reverse trading across prop firm accounts. They cannot exchange information about that without written permitted agreement upfront on ...
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TrAndy1 replied Oct 19, 2023If that CEO of Bespoke is a real and bigger asshole he would try to ban me from all the other props too. By badmouthing about me as much as possible meaning that I am the consistent enemy of any prop. Yeah...maybe another reason to stay from props ...
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TrAndy1 replied Oct 19, 2023Before they kicked me out I was positive for that prop firm. I said this here also very often defending them lonely here. It only changed after they kicked me out, which is reasonable I hope. So there was no bad marketing before that event. Of ...
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TrAndy1 replied Oct 19, 2023I think so too, that I read this in every T&C of any prop, that they reserve the right to terminate the contract to any time. So I got paid and then they terminated. It looks okay from their T&Cs, how could I complain on that ? (That they are in ...
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TrAndy1 replied Oct 19, 2023I cannot write to him, it is locked for me when I go to this twitter website.
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TrAndy1 replied Oct 19, 2023You are right of course. But I do not think that will help me to get my 800k funded accounts back. It would be a long fight then to request any payouts more if they would deny them after I continued to make some more profits. If English would be my ...
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TrAndy1 replied Oct 19, 2023Toms strategies are garbage, there is no edge here. His edge comes from his Money Management like scaling into winning trades. And maybe also from his followers entering into the same direction after he already entered a trade. That is all. Forget ...
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TrAndy1 replied Oct 19, 2023To see how difficult it is nowadays to survive as prop I make an example. So the passing rate at least tripled and the prop average payout was about 3% I was reading. So that means if the passing rate is much higher the much more profitable traders ...
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TrAndy1 replied Oct 19, 2023I do not think so. If the passing rate goes up that much it also means that the chance of getting a higher payout is also much higher. Because both go hand in hand.
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TrAndy1 replied Oct 19, 2023It is not worth to do a prop challenge to just get one payout (if it is not too high but if it is very high it also subject to get this payout denied). How can anyone start a new challenge except FTMO when the traders knows (s)he is trading against ...
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TrAndy1 replied Oct 19, 2023The recent stats about passing rate from Funded Engineer are very alarming. It means most props cannot survive. So they are forced to play more dirty when it comes to payout. Very alarming. If that is the case for the whole prop industry I would say ...
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TrAndy1 replied Oct 19, 2023I guess this prop thing only works when you have smaller accounts or not more than $1 million in funding of all prop firms together and then doing only lower 4-digits payouts. That will ensure you are under the radar. But maybe also as long as you ...
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TrAndy1 replied Oct 19, 2023Yes, I guess for sure. Only the reason for banning would change but not the result. Too sad.
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TrAndy1 replied Oct 19, 2023Now I also understand that when you have too many funded accounts in sum on too many props, they will exchange info so they know each other what the trader is doing there. That will cause additional problems, because when you are known that you have ...
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TrAndy1 replied Oct 19, 2023If the CEO Bespoke can kick me out just because I have a professional background then also every other prop firm maybe subject to do so (just to say it in different words or for any other "reason"). Bespoke feared because of my background I could do ...
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TrAndy1 replied Oct 19, 2023Remember just before I made roughly +10% profits for my funded accounts on several payouts in sum I got kicked out from Bespoke. If they have similar stat numbers it could be explained why they are forced to do so. If the prop cannot survive at the ...
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TrAndy1 replied Oct 19, 2023Yes, depending on the size of payouts or how many payouts are made with one funded account. Clearly yes is the answer. For the 500k account it is at 5% which is very high and bigger accounts means higher payouts too. 5% getting a payout means 20 ...
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