Forex Thread Alert/ Discussion Season 26. - Business (27) - Nairaland
Nairaland Forum › Nairaland General › Business › Forex Thread Alert/ Discussion Season 26. (28943 Views)
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| Re: Forex Thread Alert/ Discussion Season 26. by blackman007: 4:31pm On Mar 29 |
Fxwarrior:Well said |
| Re: Forex Thread Alert/ Discussion Season 26. by matuskyoo7(m): 5:14pm On Mar 29 |
Who can recommend a good and trustworthy propfirm since the one I once trusted is a scammer |
| Re: Forex Thread Alert/ Discussion Season 26. by tozynetita: 6:46pm On Mar 29 |
I hope and wish Gabson's issue gets resolved soon. I want to update the thread about my experience with wfunded. I passed phase 2 account yesterday but I'm yet to close the trade coz markets are closed. I will be closing it tomorrow and be waiting for funded account. Meanwhile I purchased an account with fundingpips today and will be updating the thread about my progress. I knew a long time ago that prop firms that offer demo accounts as funded accounts don't like profitable traders because their business model is not sustainable. They need most traders to keep losing to be able to pay profitable ones. |
| Re: Forex Thread Alert/ Discussion Season 26. by blackjack21(m): 6:52pm On Mar 29 |
GabsonFX2:Dear Gabsonfx, I have done my part in getting their attention on trustpilot, and they have promised a thorough investigation for you. I wonder if you were using the same strategy that caused you problems with other firm? It that is the case you might want to reevaluate your strategy, because i believe that there might be some level of cooperation between firms. I hope it gets to the much desired outcome for you.
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| Re: Forex Thread Alert/ Discussion Season 26. by coolvibes: 6:59pm On Mar 29 |
samfelly:He should post here and tag pipmaster https://www.forexfactory.com/thread/1352231-prop-firm-hub-20?page=238 cc Gabsonfx2 |
| Re: Forex Thread Alert/ Discussion Season 26. by GabsonFX2: 8:14pm On Mar 29 |
Just did coolvibes: |
| Re: Forex Thread Alert/ Discussion Season 26. by GabsonFX2: 8:48pm On Mar 29 |
Don't mind the scvmmers: The strategy is the simplest of all kind: Strategy that gets me paid by FTMO almost every 2weeks trading cycle, sometimes 5 figures, and sometimes 4 figures. How is their own different, it's cos they are surprised and in shock to have me as their client. I trade only one pair: gold I don't use more than 45-50% margin at a time, lot size of 0.25, or 0.30 or 0.5 on one pair is not too much on a 100K account, I entered 1.0 lot size only on 3 occasions when my confident level was 100. Again, that is not too much for a 100K account. I don't do bulk trading, only one trade at a time, in rare cases, I would have 2 or max of 3 trades at a time, not more I don't use EA, no bot, no copy trading. I chose them cos I read they are next to FTMO, but eh, they are at the very bottom of the spectrum: I broke no rules and this is why they ghosted me, no email to say why they deactivated my account. blackjack21: |
| Re: Forex Thread Alert/ Discussion Season 26. by blackjack21(m): 9:12pm On Mar 29 |
GabsonFX2:That was terrible of them,but keep your hipe alive and continue trying to reach them. Why did you leave FTMO? |
| Re: Forex Thread Alert/ Discussion Season 26. by GabsonFX2: 9:33pm On Mar 29*. Modified: 10:38am On Mar 30 |
I will never leave FTMO, I've been with them since about 6years now. blackjack21: |
| Re: Forex Thread Alert/ Discussion Season 26. by Alexas58(op): 11:59pm On Mar 29 |
GabsonFX2:Fire Dey go! I want to be like you someday…: FTMO 100k account is the way to go My boss , abeg if you dey remember person for 100k FTMO account Abeg remember me |
| Re: Forex Thread Alert/ Discussion Season 26. by iskalamong(m): 2:19am On Mar 30 |
GabsonFX2:You are the second consistently profitable trader I know that will be complaining about the5ers. The first person said something along the line of him being too profitable or exceeding the expected profit target. I can’t remember his exact feedback. All in, he was denied payout and the reason provided was ridiculous. He is South African. At the time, I didn’t take him seriously due to the reputation and positive reviews that the firm have. Now, I know better. Iskalamong! . . |
| Re: Forex Thread Alert/ Discussion Season 26. by tozynetita: 8:31am On Mar 30 |
Alas my people Wfunded don do me strong thing. I woke up this morning to close the trade in profit only to discover the shocker of my life! I was told I failed the phase 2 challenge account because my floating profit of about $1825 had a drawdown of $591.28 due to market retracement. How can I be penalized for a drawdown on floating profit. The profit target is 10% ($1000) and clearly my account has already surpassed the target by a very wide margin as at Friday close of market. My verdict: Run from Wfunded they are sc*mmers. It's apparent dapo willis has no integrity because the rule of penalizing drawdown on floating profit was not stated on their trading objectives.
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| Re: Forex Thread Alert/ Discussion Season 26. by DXYY: 8:58am On Mar 30 |
tozynetita:Calm down , let us understand you. With what you said, it seems you were running and equity based account? Did your balance retraced this morning by 591? Why didn’t you close when your target was hit on Friday? Pls provide clarification to this questions so as to know better what truly happened |
| Re: Forex Thread Alert/ Discussion Season 26. by tozynetita: 9:24am On Mar 30 |
The floating profit on equity retraced by $591. I'm not running an equity based account. On their website it's clearly stated that drawdown is balance based and not equity based.
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| Re: Forex Thread Alert/ Discussion Season 26. by DXYY: 9:32am On Mar 30 |
tozynetita:Wonderful, i think the daily drawdown is equity based otherwise i see no reason you should be penalized, contact there support and let’s see the explanation they give, may GOD help us from propfirm wahala |
| Re: Forex Thread Alert/ Discussion Season 26. by Alexas58(op): 9:44am On Mar 30*. Modified: 10:58am On Mar 30 |
tozynetita:Question 1 Did you close all positions before market closed? Question 2? Why didn’t you close the positions ? I’m not understanding Are you challenging the market or wah? U met target, left position open ? If your answer to question 1 is no, then Na you do yourself for this one Sorry sha We learn everyday |
| Re: Forex Thread Alert/ Discussion Season 26. by Alexas58(op): 9:45am On Mar 30 |
tozynetita:Daily loss is 500 I think |
| Re: Forex Thread Alert/ Discussion Season 26. by tozynetita: 10:28am On Mar 30 |
Alexas58:Thanks Alex. Question 1 I had only one position open running into profit of about $1825 and I didn't close before market closed on Friday. Question 2 I never imagined I could be penalized for drawdown on running profit when I have recorded no loss or drawdown on my balance ab initio. |
| Re: Forex Thread Alert/ Discussion Season 26. by tozynetita: 10:31am On Mar 30 |
DXYY:Thank you Dxyy I've contacted their support. I should have listened to Chukwuebuka21 and JasonNotStatham. I wanted to be a good Nigerian by supporting Nigerian prop firm. I know better now. |
| Re: Forex Thread Alert/ Discussion Season 26. by GabsonFX2: 10:53am On Mar 30 |
The5ers scammed another innocent trader, he posted 7mins ago on their facebook - the admin will soon block him. Watch out guys, check back his post in next 1hr, it would have been gone
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| Re: Forex Thread Alert/ Discussion Season 26. by samfelly: 10:55am On Mar 30 |
matuskyoo7:FTMO. Use the link. https://trader.ftmo.com/?affiliates=SleFRmflhlRitEpOjnPI |
| Re: Forex Thread Alert/ Discussion Season 26. by samfelly: 11:01am On Mar 30 |
GabsonFX2:Omo, why is the5ers making us doubt their authenticity these few days? |
| Re: Forex Thread Alert/ Discussion Season 26. by Alexas58(op): 11:01am On Mar 30 |
GabsonFX2:They might pay this guy to spite you ![]() It is one of their strategy and it maybe a fake account that posted it Check the date the guy joined the channel Who waits till after two weeks to start posting claims, because gabson fx has posted about it Let’s us flood their comment section and tell them We understand their tricks Modified: they’ve deleted the post 🤣🤣🤣🤣 |
| Re: Forex Thread Alert/ Discussion Season 26. by GabsonFX2: 11:04am On Mar 30 |
hmm, true sha Alexas58: |
| Re: Forex Thread Alert/ Discussion Season 26. by Alexas58(op): 11:05am On Mar 30 |
GabsonFX2:They’ve deleted his post |
| Re: Forex Thread Alert/ Discussion Season 26. by GabsonFX2: 11:05am On Mar 30 |
Look at trustpilot, the enormous number of people that give 5 stars within minutes and hours with no true or real experience, very alarming |
| Re: Forex Thread Alert/ Discussion Season 26. by GabsonFX2: 11:06am On Mar 30 |
Chai , Im sure they blocked him too. Not even up to 10mins I regret joining isreali company Alexas58: |
| Re: Forex Thread Alert/ Discussion Season 26. by GabsonFX2: 11:08am On Mar 30 |
True, I just checked. His post is gone, deleted, banned and blocked 🚫 |
| Re: Forex Thread Alert/ Discussion Season 26. by blackjack21(m): 5:18pm On Mar 30 |
GabsonFX2:Ah, that's good. A brighter side to all this heartache. people where saying that you got banned by FTMO too, and that put considerable doubt in me about your trading practice. At this point with them I think you should be looking forward to getting into their most exclusive circle of successful traders, there's no need to look elsewhere. |
| Re: Forex Thread Alert/ Discussion Season 26. by tozynetita: 6:35pm On Mar 30 |
GabsonFX2:Please reflect on this. The idiots may have found out that you trade with other prop firms and use that as an excuse to ban you. They might hinge it on the fact that you said no to the question. This condition may also be buried in thier long page terms and conditions. |
| Re: Forex Thread Alert/ Discussion Season 26. by LincolnOnyeabor: 8:15pm On Mar 30 |
tozynetita:I don't understand. IS HE TO USE ONLY THEIR FIRM ![]() |
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