Imagine not having to do a challenge 2 phase to make like 15% altogether and being able to withdraw whenever you like, the firm is called ICMarkets π
(Itβs a broker)
In February, we evaluated @DeiFunded and decided not to list them due to the reasons outlined below. Recently, there has been a notable increase in complaints about them on social media, Trustpilot, and reports submitted to Propfirmmatch, including many reports of extensive payout delays. Their Trustpilot score has dropped to 2.8, with 50% of the reviews being 1-star. Additionally, several of their affiliates have also departed recently.
Why I take the risk on new firms
Let me explain by comparing 2 extremes:
1. @FTMO_com (Proven, expensive)
2. @DeiFunded (Unproven, cheap)
Price 200k funding:
FTMO: $1180
Dei: $235 (+ higher drawdown and lower profit target)
When I'm looking for a prop firm there are 2 factors I consider.
1. What is the Expected Return On Investment? (EROI)
2. How likely are they to actually pay me out?
Since Dei is 5x cheaper and has better profit targets and drawown we can say EROI dei = +-7*EROI FTMO
So that means for me to go with FTMO their likelihood of paying out has to be more than 7x higher.
Let's say FTMO has a 100% likelihood of paying out. This means if you believe Dei had a likelihood of paying out > 14% (100/7) you should go with Dei.
I personally think the likelihood of Dei paying out is way higher than 14% so I'll go with Dei over FTMO.
Obviously, this goes for any firm. I simply choose Dei and FTMO since they're 2 complete opposites.
Good morning,
Concentrate on mastering yourself, because you will never truly master the markets.
That's the truth - market will do what it does the best, it either breaks you or makes you.