Alternatives to Darwinex

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IlIlIlIlI

Established member
637 595
Have you subscribed to FTMO or any other TF ?
No, :) I just manage my second trial and I think very seriously about subscribing to FTMO for a 40k account, maybe next week.
The reason is simple and I don't even understand it about myself: I trade much better and much more relaxed with the FTMO accounts than with the ILR account. I started my second trial at night after the recent DD on ILR.
Today I traded only the FTMO trial for the first time and feeded the ILR trading account with my trade copier (which had to be "refurbished" before). It worked perfectly until now and DD is kept much lower.
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CavaliereVerde

Experienced member
1,594 2,063
My question was to @TrungLN :ROFLMAO:
I know you are playing demo, I am more interested in live results paid with real money.
AFAIK only @itstradingtime has done this investment.

It is 3 months we are discussing about theseTFs .
Many comparisons opinions questions and answers but what matters more are RESULTS.
 
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TrungLN

Well-known member
250 390
@TrungLN
Have you subscribed to FTMO or any other TF ?
As I said I'm trading on MFF( myforexfund).
Cost: 119$ for 10k$ acc.
Register since Jan/18.

- 1st month 18/1 -19/2: Breakeven.No profit split.
- 2nd month:
+ Feb 22 - Mar 05: 1st 02 week: +590$. Profit split 10% ~ 59$.
2021_03_10_18.25.13.jpg


+ Mar 08 - Mar 19: 2nd 02 week: I already increase profit to +640$. Expect profit split on Mar 19 is 64$ more.

After 2 month, I take back all fee. Now, I plan to take more fund like 100k$ and join 25k$ challenge of fundingtalend (155$ fee).
2021_03_13_20.04.50.jpg
 

itstradingtime

Member
79 219
Sorry for the late reply, been a bit busy recently.
I passed the challenge a couple of weeks ago and I was pleased to find out that the second part (called verification) starts only when you open the first trade. I took some time to deal with other things before starting the verification.

ftmo1.PNG


I started yesterday, combining 3 strategies as for the first challenge. Have been relatively lucky to start when IRY (one of the 3 strategies I'm using) got a huge profit on the strong up-movement on GBP/USD, so I start with $1K profit after 1 day of trading.
The second step is definitely easier than the first one, but not as easy as it may look, so I'm not considering other trading firms or the new $200K account provided by FTMO. I'm focused on the current one for the time being.
Two months to get +5%, with maximum drawdown at 10%. After all, if making consistently $5,000 (5%) every two months was easy, we would have a lot of rich traders around :)

Good luck everyone for your challenges.
 

ridgeback

Junior member
23 10
Sorry for the late reply, been a bit busy recently.
I passed the challenge a couple of weeks ago and I was pleased to find out that the second part (called verification) starts only when you open the first trade. I took some time to deal with other things before starting the verification.

View attachment 297966

I started yesterday, combining 3 strategies as for the first challenge. Have been relatively lucky to start when IRY (one of the 3 strategies I'm using) got a huge profit on the strong up-movement on GBP/USD, so I start with $1K profit after 1 day of trading.
The second step is definitely easier than the first one, but not as easy as it may look, so I'm not considering other trading firms or the new $200K account provided by FTMO. I'm focused on the current one for the time being.
Two months to get +5%, with maximum drawdown at 10%. After all, if making consistently $5,000 (5%) every two months was easy, we would have a lot of rich traders around :)

Good luck everyone for your challenges.
Hi @itstradingtime, just wondering how you are getting on with FTMO? I'm thinking of going for it and trying to find a sensible opinion about the company and the challenge?
 
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McQuant

Member
69 80
Hi @itstradingtime, just wondering how you are getting on with FTMO? I'm thinking of going for it and trying to find a sensible opinion about the company and the challenge?

My personal issue with so called prop firms (FTMO, The5ers, t4t etc.) is that they actually are not a prop firm at all but rather companies running "pyramid scheme" business. They simply profit from fees. Unsuccessful traders pay out the successful ones. There is no real capital behind them.
Does anyone seriously think that 80/20 payout model in trader's favour can be real business model for prop company being backed with savvy capital?

To me it's dubious, immoral business model.

@LongVision
What can you tell us about Axitrader+Psyquation?
Axitrader + Psy have got different business model much more realistic.

Darwinex model sounds the best one for me, I've been following Darwinex from the beginning (from times when they were only on Stocktwits) however my trading competences are not good enough to create my own Darwin .
 

LongVision

Active member
219 419
I personally have problems with most of so called prop firms (FTMO, The5ers, t4t etc.). They actually are not a prop firm at all but rather companies running "pyramid scheme" business. They simply profit from fees. Unsuccessful traders pay out the successful ones.
I agree, They actually are not a prop firm but I can't call this pyramid scheme as long as they are paying winners, Pyramid schemes are unsustainable but this a profitable business model for these so-called prop firms.
 
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McQuant

Member
69 80
I agree, They actually are not a prop firm but I can't call this pyramid scheme as long as they are paying winners, Pyramid schemes are unsustainable but this a profitable business model for these so-called prop firms.
Hypothetically it's sustainable as far as there is more eager and unsuccessful payers then successful payees. That said, you are right, there is one born every minute :)
 

CavaliereVerde

Experienced member
1,594 2,063
Exact even if they pay their business model is based on losers.
It is very sustainable because the supply of losers is unlimited.
Exactly like casinos and brokers. :)
Maybe they will change if they find real winners.
Darwinex is a mixed model because with Darwinia they lose money paying winners but they gather good trackrecords that attract private investors with real money, and they make money with that volume.
 
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