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I dont care what they're calling their account $50K, $100K, $500K - thats a marketing gimmick. $2K drawdown is a $2K account. Now if you catch one of their promotions and get in with only $99 and pass it in one billing cycle - you get $2K with $99 risk. thats a great deal. Where else do you...

Sure how much do you think its going to cost to sue an overseas company ? Lmax is a UK based, not US. I'll give you a hint - way more than $5K. US laws are clear if you're a US person - i rather choose the path of least resistance.

You have signed contracts - then you have a recourse. Doesn't mean you'll get your money back but you can track and go after. Some company from prauge ? - forget about it.

Good for them ... are they located in US and operate under US laws? - NO Do they offer futures accounts ? - NO You're comparing apples to oranges. Also. This is from their About Us page : "The idea to start the FTMO project, which was initially called Ziskejucet.cz, was conceived in 2014 in a...

You wanna know why 90% of the traders lose money - read this forum. The arrogance and entitlement is mind boggling. How dare you charge me and try to protect yourself by limiting your risk! Dont you know I am the trader king with great track record on many demo accounts!! I demand free funded...

I passed their 50K gauntlet but then hit my $2000 limit with the real rithmic account they set up for me. The way I look at it I payed $99 for the try out + $105 for the data fee for the real account. They forked out $1900. ($2000-$99) I think they're very useful for people trying out new...

There is absolutely NO way you will be successful without proper risk management. Hoping, assuming, lets roll the dice see what happens. Trading is NOT gambling. You take a (calculated) risk and if it doesnt workout you reverse course instantly without a dent. That's called business.

Are you a gambler or a trader ? Only gamblers hope, wish and pray in this business. How can you expect to survive in this business if you dont pay attention what day it is or risk more than 2% per trade ? You need at least $2.5 MILLION account to risk $50K. Its a matter of time for you from...

Its crazy a simple transaction takes that long. I have brokers I request money every week through ACH. Literally takes a day. I work hard to make money and than they get a 20% cut and make me wait 2 weeks to get my money. Total deal breaker.

what kind of withdrawal takes 2 weeks ????? You requested a check or something ? ACH takes a day, wire goes same day. Give an extra day or two for processing. 2 weeks is awful a lot of time to get your money.

Helios sent out emails about the delays because of broker change and that everybody is now working from home it may take a bit longer. Also their response and sending out documents/agreements has been great. Takes about 3-4 days to finish all the paperwork and than wait for the account to be...

Eventually sure. But for now I think having a prop firm to trade with has more positives than it had a few weeks ago. Unless of course they completely shut down trading during high volatility times. I think Topstep stopped for a week and then resumed with only 1 contract allowed to trade. The...

We dont know that. It may go up back to full margin. And all these "weeks/months" are the best times to trade as a day trader. If you're under capitalized you're missing all the action.

MES margin is at $300 right now for day trade. And earlier this week it was 100% maintenance at all times at $1300 and still is for overnight trading. You're not trading with $2000 account anymore /end of story.

Thanks E2T. Unrelated to this question but related to the main discussion in the thread.... at times like these, the benefits of trading for a prop firm shine. "Oh I'll pull $2000 and go open an AMP account " doesnt work anymore. Currently its 3K margin for a single ES contract with AMP. LOL!

Hey ET2 I have a question about helios feed vs data feed. If someone has their own data feed for charting and choose helios feed to execute what is the platform they let you use to execute ? or is a custom web interface somesorts ?

Its not a great or even a good offer but at least they provide you with capital even if its $1000 with the option to negotiate in the future. One time gauntlet fee and 20% cut on top, of course they will cover whatever they give you and some, they're a business I get that. The way I look at it...

You sound like you work for one of the companies. See it works both ways. I wasnt aware of the stupidity of the deal they were offering. I personally was interested in taking the challenge however I thought their drawdown resetted after a withdrawal until I saw this thread and signed up just...

That's fair. As long as they're open to negotiations. Shows they care about retaining successful partners/traders. Great. I am sorry. I tell you what's preposterous. Charging someone 20% indefinitely even long after you recovered your initial risk. If I got $2000 from a loan shark with 100%...

Is it possible to pass gauntlet mini and after a few months of positive trading switch to regular gauntlet rules without going through the combine for 60 days again ? Because I really dont see the positive in paying 20% as long as you have the account just because they provided you with initial...