Instant funding with a daily drawdown isn't really that great. Doesn't allow for swing trading in a big way. They need to work towards a maximum static drawdown like Stocknet Institute and Traders With Edge, Funded Trading Plus also moves to a static maximum drawdown upon hitting 10% in phase one of their Instant Funding program.
I am following to pick an account with this prop firm. I always followed your reviews because I see you as my mentor, and one of genuine and sincere people who gives honest opinions in the prop industry. will be using ur link to sign up soon. Personally I love their model as well ..
I have just completed week one and they offered me payout, but in scaling plan, going to let it run and get better return next week. So far everything is checking out Ok with them
Thanks Mate, is this is an one time fee or we need to pay every month if we are profitable, please double check with them i think once you made profit they will deduct another month subscription without asking.
For you to recommend them, it means you've done your homework on them. But that part where the pound and the Euro figures are thesame is quite surprising and I'm skeptical... I just wouldn't say fishy yet. If you could reach out to them so they explain better that would be nice as a lot of people make decisions based on videos like this you make. I certainly do, cos I love your honesty, your straightforwardness. In turn I also have a lot of people who make decisions based on my decisions too..
Hi. This could be down to a couple of reasons and just think it is a glitch on their side. They have recently changed their domain name, so relocated the website and could not have been fully tested. And at the moment I am working from Spain, so may have picked up my location and defaulted to EUR and that is the price for people in Europe. For me, it just comes down to poor web design so am not too worried about it, as have been following them for about 6 months and watching payouts and good reports from people.
@@tradeup4776 Thanks for the clear explanation. It's highly appreciated. Your channel is my number 1 go to for prop firms infos and updates. Big ups for all you do for the trading community.
I did not get on with blufx with the ongoing subscription and having to hit targets. The 5ers are good if wanting to hit profit targets and scale up. Every firm has their own advantages and suit others
@@emmanuelgoodluck9013 I have done several videos on them over the past year, but looks like things are doing downhill there with their support getting worse
They said they will pay 40% but after I did the calculation they only pay 25% of your total profit. 10% 1st week 20% 2nd week 30% 3rd week 40% 4th week. Do the math in a simple number. That's shady.
If you make all of the profits in the final week, then it would work out better. But on average it is about the same as the 26% plan. You can take profit after each week, but then reset back to 10%, so I am letting my profits ride and see what I can get out of them. For me is just another revenue stream with waiting for the right trades to happen
All I can say, is that I have traded with them, and been paid out. Often firms get called a scam if people do not like the model they are selling, or if they break rules and lose money. As far a a direct funding prop firm, I still think they are the best option for most traders, but always best to be 100% sure before committing.
@@Mdbrane11 You can use the fidelity rewards, which is a pop out menu on the right side of the website. Once each task is done it will give points and then redeem when purchasing an accouny
@@Mdbrane11 When I did it, I just clicked all of the options and eventually if added everything even though I did not leave the review. Their instant chat is usually good if there are problems, I have used them a few times
I do like your content, but this isn't first company that has a "referral" programme that is looking VERY likely to be a scam. You've recommended one like this before. You need to do more research. Stop. Read. Research. Then recommend
Friend what you think about OFP 100K 40% monthly account? I see It's as good as 50K funding Live account. You get back your money just by making 2.5% in 1 month. Also the daily & maximum Drawdown is based on balance which is great for traders. This just seems too good to be true.............
I think it is a good option. I am on their sliding scale model, but wish I was on the new one. Hoping to get a payout this week and will do a full review
@@tradeup4776 I saw their CEO showing his live 13 Million USD trading account on youtube last year. Again saw the video today. Looks like they're legit prop firm. I see they've paid out everyone. I plan to buy their 40% 100K account in a week.
@@tradeup4776 Oh I recently found out their Daily drawdown is equity based. It's 5% of initial balance in any given day. In 100K account you can lose maximum 5K on equity. Even if you increase account to 110K daily drawdown on equity is 5K. But it's good as this is instant funding
Pound and Euro the same.... omg... how can you fall for such cheep scam... . that's a 100% signe they are a scam.... and you see it as a discount... lol
There have been many similar come and go, but so far I have not seen any evidence that these guys are failing. I could be wrong, but looking forward to my first payment and can then give a better review
@@tradeup4776 none of the 1:100 or 1:200 leverage programs will succeed. Any good trader with proper risk management wont trade on this firms. Those who think they can make money these firms will run out of money. These firms have become too many now. if you go to high street you find only 3 betting or casinos. similar to there may be market for just 1 or 2 prop firms
@@ukkk123 I agree that leverage on these firms is mad, and for some reason they can get around the local legislation. In the UK if you trade your own money the leverage is small and does mean that traders have to look at risk a lot more, rather than place 20-50 lots and hope for the best. But then these firms do make money from failed challenges and need a high turnover. The model is not ideal, but cant see it changing soon. Appreciate your feedback and comment
Instant funding with a daily drawdown isn't really that great. Doesn't allow for swing trading in a big way. They need to work towards a maximum static drawdown like Stocknet Institute and Traders With Edge, Funded Trading Plus also moves to a static maximum drawdown upon hitting 10% in phase one of their Instant Funding program.
I am following to pick an account with this prop firm. I always followed your reviews because I see you as my mentor, and one of genuine and sincere people who gives honest opinions in the prop industry. will be using ur link to sign up soon. Personally I love their model as well ..
I have just completed week one and they offered me payout, but in scaling plan, going to let it run and get better return next week. So far everything is checking out Ok with them
@@tradeup4776 . Great. I personally like their model and was excited to have learnt about them from a trustworthy person like you. Will sign up..
Thanks Mate, is this is an one time fee or we need to pay every month if we are profitable, please double check with them i think once you made profit they will deduct another month subscription without asking.
I have been told it is a one time fee, and account is lifetime as long as rules not broken
For you to recommend them, it means you've done your homework on them. But that part where the pound and the Euro figures are thesame is quite surprising and I'm skeptical... I just wouldn't say fishy yet.
If you could reach out to them so they explain better that would be nice as a lot of people make decisions based on videos like this you make. I certainly do, cos I love your honesty, your straightforwardness.
In turn I also have a lot of people who make decisions based on my decisions too..
Hi. This could be down to a couple of reasons and just think it is a glitch on their side. They have recently changed their domain name, so relocated the website and could not have been fully tested. And at the moment I am working from Spain, so may have picked up my location and defaulted to EUR and that is the price for people in Europe. For me, it just comes down to poor web design so am not too worried about it, as have been following them for about 6 months and watching payouts and good reports from people.
@@tradeup4776 Thanks for the clear explanation. It's highly appreciated.
Your channel is my number 1 go to for prop firms infos and updates.
Big ups for all you do for the trading community.
@@donslique9480 I did check again today and could not get the same EUR / GBP difference so they may have fixed it.
Another dt4xtrader in the making
Instant funding firms the5ers and blufx are recommended.
I did not get on with blufx with the ongoing subscription and having to hit targets. The 5ers are good if wanting to hit profit targets and scale up. Every firm has their own advantages and suit others
@@tradeup4776 please review traders central fund thanks
@@emmanuelgoodluck9013 I have done several videos on them over the past year, but looks like things are doing downhill there with their support getting worse
@@tradeup4776 true
They said they will pay 40% but after I did the calculation they only pay 25% of your total profit. 10% 1st week
20% 2nd week
30% 3rd week
40% 4th week.
Do the math in a simple number.
That's shady.
If you make all of the profits in the final week, then it would work out better. But on average it is about the same as the 26% plan. You can take profit after each week, but then reset back to 10%, so I am letting my profits ride and see what I can get out of them. For me is just another revenue stream with waiting for the right trades to happen
@@tradeup4776 yea I understand. Will wait till u get your first payout. Thank you for your video updates.
I will wait for your first payout.
Some people say ofp is scam what you think about this??
All I can say, is that I have traded with them, and been paid out. Often firms get called a scam if people do not like the model they are selling, or if they break rules and lose money. As far a a direct funding prop firm, I still think they are the best option for most traders, but always best to be 100% sure before committing.
Ok and how to use discount rewards?
@@Mdbrane11 You can use the fidelity rewards, which is a pop out menu on the right side of the website. Once each task is done it will give points and then redeem when purchasing an accouny
@@tradeup4776 ok but i star 5 review and its said 700 point but its not add into my
@@Mdbrane11 When I did it, I just clicked all of the options and eventually if added everything even though I did not leave the review. Their instant chat is usually good if there are problems, I have used them a few times
I do like your content, but this isn't first company that has a "referral" programme that is looking VERY likely to be a scam. You've recommended one like this before. You need to do more research. Stop. Read. Research. Then recommend
Friend what you think about OFP 100K 40% monthly account? I see It's as good as 50K funding Live account. You get back your money just by making 2.5% in 1 month. Also the daily & maximum Drawdown is based on balance which is great for traders. This just seems too good to be true.............
I think it is a good option. I am on their sliding scale model, but wish I was on the new one. Hoping to get a payout this week and will do a full review
@@tradeup4776 I saw their CEO showing his live 13 Million USD trading account on youtube last year. Again saw the video today. Looks like they're legit prop firm. I see they've paid out everyone. I plan to buy their 40% 100K account in a week.
@@tradeup4776 Oh I recently found out their Daily drawdown is equity based. It's 5% of initial balance in any given day. In 100K account you can lose maximum 5K on equity. Even if you increase account to 110K daily drawdown on equity is 5K. But it's good as this is instant funding
No EAs, 5% daily DD, no thanks. Lots of rules to kick you out like all the others.
These guys have a TON of issues in the backend, and seem like they are just winging it.
I have experienced a lot of dashboard issues, but they are still paying out. Will keep monitoring them and see how they do
Pound and Euro the same.... omg... how can you fall for such cheep scam... . that's a 100% signe they are a scam.... and you see it as a discount... lol
If choosing usd that was more, so think it is just a flaw in the website.
whatsup with the hair cut lol
Working on it. Just never looks good in the morning when I record the videos
total rubbish program , there was similar program in the USA I dont remember. they gone bankrupt
There have been many similar come and go, but so far I have not seen any evidence that these guys are failing. I could be wrong, but looking forward to my first payment and can then give a better review
@@tradeup4776 none of the 1:100 or 1:200 leverage programs will succeed.
Any good trader with proper risk management wont trade on this firms.
Those who think they can make money these firms will run out of money.
These firms have become too many now. if you go to high street you find only 3 betting or casinos. similar to there may be market for just 1 or 2 prop firms
@@ukkk123 I agree that leverage on these firms is mad, and for some reason they can get around the local legislation. In the UK if you trade your own money the leverage is small and does mean that traders have to look at risk a lot more, rather than place 20-50 lots and hope for the best. But then these firms do make money from failed challenges and need a high turnover. The model is not ideal, but cant see it changing soon. Appreciate your feedback and comment