The Funded Trader and Skilled Funded Traders: Why did they go down?

Another downfall in the prop firm industry, what happened? Was there warning signs? What to look out for when looking for a prop firm? Here's what I think...
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Trading the financial markets carries a high level of risk, and may not be suitable for everyone. The information made available here is to provide education only and not investment advice. We recommend that you seek professional advice before carrying out specific transactions and investments.
Futures, CFD, Margined Foreign Exchange trading, Warrants, Options, and Spread Betting carry a high level of risk to your capital. A key risk of leveraged trading is that if a position moves against you, the customer, you can incur additional liabilities far over your initial margin deposit. Only speculate with money you can afford to lose. Futures, CFD, Margined Foreign Exchange trading and Spread/Binary Betting may not be suitable for all customers, therefore ensure you fully understand the risks involved.

[@SacredCASHcow]

it's nice to hear from someone who actually knows what they are talking about and isn't a 20 year old influencer chasing clout.

[@thecitytraderscom]

Thank's for sharing your thoughts!

[@Masonwelch07]

Hey man what do you got against 20 yo’s? (I’m a 20 yo influencer chasing clout)

[@aphelios9157]

I could have saved 200$ joining MFF or TFT but thankfully I was smart enough to choose FTMO. What seems cheap ends up being more costly.

[@saveyourunitlink5634]

Wait till your country's traders payout big. FTMO will stop your country access to their service. Like my country.

[@aznood3004]

same bro lol, thanks to my woman, i really wanted to go for cheap

[@gusmanue8337]

Yes this is the best analysis on what happened with TFT. It was the perfect storm, migration issues, loss of confidence, Sales collapsing and then the huge rally in Bitcoin and in Gold which led to more people passing challenges. I passed the 2nd stage of the 5%ers £50,000 bootcamp challenge by buying Gold in one week! Bearing in mind the leverage on that challenge is restricted to 1:10. It was a huge rally and so with so many people passing challenges and requesting payouts they couldn't cope Great video Andrew keep up the good work i'll be purchasing an account with City Traders soon!

[@thecitytraderscom]

Yes, that was my point

[@kila_whale]

Well said mate. What's your take on Topstep for futures trading?

[@paulfinn8450]

Perhaps if these supposed prop firms were sat on their own private equity fund instead of relying on the cash generated from the 90% to float the company then there wouldnt be any issues. Good riddence I say.

[@quintonmaldonado8368]

I knew it was coming once prop firms started popping up faster than NFTS

[@johncameron9546]

correct!

[@chrisrobbie8675]

Spot on, dude. {rop Firm must be managed like a btokers. Having the ability to hedge their clients position. Otherwise. they will vanish. Causing loss to all of their clients.

[@paulfinn8450]

@@chrisrobbie8675 there are firms out there that have their own equity fund and liquidity providers. Due diligence before choosing a firm.

[@iTradeForex]

Great video and highlight things . Sir i have a question, (as you are in this industry and we are seeing back to back Prop firms are pausing their operations what ever the reason is ...) " What should be Prop Firm DESIGN to keep in profitable and keep paying out withdrawal , no matter how big payout is as log as client is not violating company rules. " i will wait for you answer . Have a good Day .

[@skate5567]

great content, really love the "old wisdom" sight on the prop space. Really need more of the old guys telling people what goes on behind that glitter miami trading lifestyle shit

[@thecitytraderscom]

thank you!

[@jamesjones8603]

You have some good points Andrew. On a different note..... where did you get your magic keys holder? I want one

[@thecitytraderscom]

Its just a simple phone holder

[@thefxautopilot]

Wise words Andrew, your experience going back to the old open outcry days fills me with confidence and I hope to join The City Traders soon.

[@thecitytraderscom]

Thank you for the kind words. You can join us inside our FREE Trading Community in Discord bit.ly/TCTDiscord. Hope to see you inside.

[@bootcamptrader]

You’re the first person I’ve seen hit on the actual problem that is occurring: the first massive bull run since these firms became popular. If a firm isn’t A booking traders, or putting lot size restrictions on them, they are susceptible.

[@thecitytraderscom]

Indeed.

[@Oneloftracing77]

You are exactly right the Gold and Bitcoin rally were the cause of the problem. Limit long positions large payment request that could not be met caused the close down.

[@chetanshukla6288]

What is your opinion on funding traders prop firm

[@SchussinBoots]

Useful insight Andrew, thanks 😊

[@thecitytraderscom]

Welcome!

[@GodgiftFx]

Which trading platform do you use, mt4 mt5

[@thecitytraderscom]

We use MT4 and Dxtrade for Non-US and DxTrade for US base.

[@jhongky84]

Kumusta sir Andrew!!! I'm glad I found you. Been looking for you since you left the other trading community. Being there on that community with you (and Max) as our mentor was one of the best trading days of my life. I was a beginner during that time and learn all the basics from you guys. Cheers!!! I instantly Subscribe. :D

[@thecitytraderscom]

Much appreciated! Glad you found us. Feel free to join us inside our FREE Trading community in Discord bit.ly/TCTDiscord

[@s88m]

Just checked out your prop firm after watching this video. Out of curiosity why is the leverage so low at 1:10?

[@thecitytraderscom]

We decided to set it at 1:10 to promote responsible trading and keeping those risks in check. By limiting the leverage to 1:10, we aim to help traders avoid excessive risk-taking and potentially large losses.

[@viglenvigger1018]

Your last comment that worse things are happening to people around the world does put things into perspective. Thank you

[@thecitytraderscom]

Thank's for sharing

[@aaronkorn]

Well said thank you, let’s us pray for peace and love

[@thecitytraderscom]

Thank you! 🙏

[@kouamealahouachille8309]

Please sir, do your company have scaling plan for successful traders ?

[@thecitytraderscom]

Yes. For more inquiry, please send email at [e-mail] and our team will be happy to assist you.

[@MuhammadSaeed_MIL2239]

Is TFT will come back after 5 days and pending payout will give or not?

[@thecitytraderscom]

Please contact their support and reach out to them directly.

[@SAIFALJWARY-nj9nd]

thnaks sir for info

[@thecitytraderscom]

Welcome 😊

[@tuniyeri537]

Thanks Andrew but facts about prop firm that have there own trading platform please

[@thecitytraderscom]

Why is that so important? I am trying to teach people to trade and supply funding to those that can,,,, why do i need my own platform, We use Eightcap mt4

[@StiNgERw10]

What do you guys think about the funded trading plus??

[@thecitytraderscom]

I know them well, Nice guys, good outfit

[@dmaondu]

Do you offer stocks for trading?

[@thecitytraderscom]

Yes, there are stocks available to trade. Check our FAQ page to answer some of your questions thecitytraders.com/rules-faqs

[@juanpedroza4458]

What are the best prop firms alternatives for US citizens now?

[@thecitytraderscom]

If you are a US Citizen there is an option to trade with DXtrade (which we offer too) or futures

[@nm5421]

Thanks a lot sir

[@thecitytraderscom]

Most welcome

[@ecstakeen1359]

How are they allowed to run away with our money I had two funded challenges I paid for now I can't get any compensation for that or ?

[@thecitytraderscom]

We are sorry to hear that, hope you find a resolution.

[@fightforyourdream4102]

Sir, you provide real funds or virtual funds ?

[@thecitytraderscom]

Assessment phase is simulated,. Once passed the first two months are on demo to ascertain if you can trade, then live on margin

[@imdad1862]

What's your thoughts on Funded Engineer?

[@thecitytraderscom]

No strong opinion about them, but lets not also forget the allegation when their partner drop them to alleged manipulation on the payout numbers and they have to do a relaunched. I'd say do a research about any one you want to do business with.

[@MackensonTrade]

It shutdowns with my 50k account while waiting for my first payout get approved to request another one and now i don't money to purchase other challenge with others

[@thecitytraderscom]

Sorry to hear that

[@CharlesDixler]

What the best reliable trading platform please 🙏

[@thecitytraderscom]

Are there are so many,,, We use MT4

[@dre8441]

I am guessing city traders are regulated, up to standard and still on meta quotes platforms

[@mikkinikki1902]

maybe some of the prop firm management actually have to start trading real markets to turn a profit and meet payout requirements.

[@mip2300]

helpful video

[@thecitytraderscom]

Thank you!

[@josemariabustos3306]

The problem with the mayority of prop foirms is that they don´t know how to manage the profitable traders.

[@Mojo702]

Are prop firms regulated or unregulated?

[@thecitytraderscom]

The prop industry is not but make sure you look for those who with regulated brokers, we worked with EightCap - they are regulated.

[@user-ul6bp1nh4l]

Bordhar fanded next payment yes or no please

[@thecitytraderscom]

We suggest to do your own research before joining any prop firm company.

[@Hundmist]

Does City Traders accept traders living in the USA?

[@thecitytraderscom]

Yes we. We offer DXTrade platform for US base client. Check out visit website at thecitytraders.com for more details, or drop us your inquiry at [e-mail]

[@chelseapensioner]

Well, a prop firm branding themselves as a fantacy game smelled fishy right from the start. Hence I never got involved with TFT.

[@thecitytraderscom]

It is very important to do your own research before joining any prop firm company.

[@SBoSTS]

No bullsh***t here🤝. We're here to build careers not to chase clout. 🤝

[@thecitytraderscom]

Agree!

[@Coliekokker]

Can't even find out which instruments are available for your own prop firm on your site.

[@thecitytraderscom]

Hi, you can find them under our FAQ page, here's the link thecitytraders.com/rules-faqs

[@jb8116]

TFT have always been dodgy.

[@pointlesskid7779]

Gold standard propfirm only. Risky business becoming more risky because of this crapfirms.

[@shellywhite2145]

What are the best additions to a $500k portfolio to boost performance?. ETH is Up and will do better, I believe as indicators for profits continue to improve. investors like me believe that “Santa has come early” to the markets.

[@laurawheeler-zh8gv]

I think you're better off with majority investment in bitcoin and uprising equities cos they always outperform. Alternatively speaking to a certified market strategist can help with pointers on which to acquire

[@laurawheeler-zh8gv]

ashley airagahi is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment

[@gideonlui1768]

Citi traders prop has leverage of 1:10 c'mmon Andrew how we gonna pass evaluation with that leverage for Heaven sake

[@valerioangelini6983]

Why they should, if the goal is to make you fail? 😅

[@thecitytraderscom]

We have traders passing all the time. leverage is the biggest killer of many traders. we are looking for gradual consistency that can make money over time. Not one shot wonders

[@cman5461]

Andrew, in order to pass your assessments the trader needs to make 166%. You promote a 5% monthly gain as a respectable achievement on your videos, even if you increase risk to 3% per trade it would still take a year to pass one of your challenges. As an ex pro I would of expected a little bit more than a repackaged offer that a 24 year old runs from his mums house. Perhaps you could come up with something innovative that's for traders.

[@georgeparlog4385]

Oh yeah i also read his inconsistency rule on the faq of his site. That rule is a joke. Happy i came across it before actually buying a challenge

[@cman5461]

@@georgeparlog4385 yeah, definitely exhibits predatory behaviour.

[@thecitytraderscom]

I have no idea where you get your numbers from. 10% profit target. 5 % a month is about two months.

[@thecitytraderscom]

Yes, we are looking for consistency with traders. Not some punter that goes all in on one trade then sits on his hands with little trades.. we are running a prop frim, not an online casino.

[@cman5461]

​@@thecitytraderscom It's not 10% profit target though. For a "100k" you have to turn 6k into 10k. The rest of the numbers in the acct are just for leverage. You know all this, why play silly?

[@Nyruami]

That´s simply bullshit. If a trader is able to consistently produce 10% gain per month, the guy could start with as little as 1000$ in 10 years he would have almost 100 million. Nobody able to do that needs a funded account. The problem with why those companies went down is they were Ponzi schemes to begin with. They took the evaluation fees and paid their traders from it, but with time they accumulated more and more good traders, even if only 1% of all starters are profitable, 1% of all evaluations would stick inevitably, and one day the fees didn´t cover the payouts anymore. Then they went down. The same thing will happen to you sooner or later, I also can´t find any section dedicated to investors on your site, which indicates you are also not using investors money.

[@Bull-Fx]

I have 17k payout pending witn SFT

[@morrislaka6987]

Ouch!!! Man, and I'm on a challenge stage of two accounts with them SFT

[@Bull-Fx]

@@morrislaka6987 unfourtunate how these firms scam traders trying to build up capital

[@thecitytraderscom]

Sorry to hear that!

[@mquant001]

of course they will go down, you seem old enough to still believe not only that there is a chance that they will not go down, but that you can believe that any of the rest will not go down sooner or later.

[@abdimohamed847]

I don't know why you reading this is hilarious 😂

[@BayanNiJuan1972]

more like the owner used all the money for partying to death

[@brianjohnmuthaka7720]

Does your prop firm have it's own tech.?

[@thecitytraderscom]

We are partnered with tech. I would rather pay for that than develop my own.

[@brianjohnmuthaka7720]

the leverage is too low for scalpers..

[@yia73]

Tft never went down but restructuring, and now they are back. Stop scaremongering

[@zalphero618]

Angello deserves to go prison for this scam. He made me trust him. I put a lot of money in challenges and never got a payout :(

[@thecitytraderscom]

Unfortunate. But why take so many challenges. Maybe you should work on your trading. Don't take challenges until you know you you will pass

[@bentheassasin4680]

Beware anghelo scamelo and his team mark that people never ever trust again and again😅

[@thecitytraderscom]

unfortunate

[@Insig369]

propfirm are scamms

[@thecitytraderscom]

I would say not really! You should do your own research about the company first before joining.

[@Freetradingsignals]

I want to leave USA

[@thecitytraderscom]

Where do you want to go?