Best prop firm evaluation reddit Thomas wade and byebyemoney on YouTube also vwilsonpats Suggestions on the best EOD prop firm and why, and go! Thanks in advance. Best Free Evaluation Prop Firms in 2024 . For example, I bought a $200k challenge account for $1k. Choose the bootcamp program. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! With that said if anyone is having trouble getting past the evaluation phase try using a prop firm that doesn’t have time limits, it’s SOOO much better when you can take Best of luck to you. Select the firm Proprietary trading firms that employ a 3-Step Evaluation process offer a structured path to funding, testing traders across multiple stages to ensure they can manage risk effectively while meeting profit targets. u/Top-Opportunity7328 - This message is posted to all new submissions to r/scams; please do not message the moderators about it. I have recently come across proprietary trading firms such as FTMO as an example. A detailed overview and comparison of popular forex prop firms can be found here. Any suggestions of a legit regulated firm that will fund me and also offer MT4 as platform for trading? I understand if I have to pay insurance for evaluation etc. be/f3ZuC8_o4Uo?si=9xcIyiqj1TrhmOrR. A few weeks ago I made a post stating that I am struggling with a prop firm challenge because I close my trades too early due to fear of losing. What are the pros and cons among those top firms. I've discussed some of the top firms here, ranked by account size offered https://youtu. The best place on Reddit for LSAT advice. Anyone who says all prop firms are a scam just can’t manage risk for nothing, I’ve passed more prop firm challenges than I can count and have received a hefty amount of payouts from several different firms. Overview: MyFundedFutures is a rising star on this list for a variety of reasons, but most notably because it boasts one of the highest pass rate for its evaluation program out of all the futures prop firms on The best prop firm is apteros but if you aren't trading full time they are not for you. They collect fees from the masses, knowing only a small percentage will achieve consistent profitability and qualify for payouts. Transparent & Fair: A robust evaluation process with Evaluation firms allow traders to undergo a demo challenge, upon passing which they will receive a portion of any profits they make on a simulated account. What lacks in good spreads, makes up in good commissions and vice versa. You usually cannot It appears this thread is about Prop Firms and Scouting Programs. Also, most prop firms have terrible spreads that could ruin your account. Why do you think that is? When you ponder that you'll understand how to approach evaluations or the funded accounts more prepared. Happened with me with e8 Funding. 35% chances of getting to your first payout, I passed 3 (all) of my evaluations in the first try. Let’s delve deeper: Who Are The Best Prop It’s all everyone talks about whether here or on reddit. With prop firms, assuming you are a real good trader who have mastered risk management, emotions and discipline, you have less than 0. Please contact the moderators of this subreddit if you have any questions or concerns. Crypto Fund Trader changed my perspective on trading. Each has its benefits ane cons, I considered writing about the differences but wasn't sure if it something people It appears this thread is about Prop Firms and Scouting Programs. Best Futures Prop Firm: Apex Trader Funding; Best for Undercapitalized Futures Traders: MyFundedFutures; Best for Beginners: For Traders; Best for Experienced Traders View community ranking In the Top 1% of largest communities on Reddit. Proprietary trading firms utilize simulated markets to train or evaluate traders. I’m getting close to erasing the losses I incurred when I first started trading! That is going to be a monumental milestone I can’t see how this won’t affect other firms. I just started my 1st funded evaluation phase for MFF. Or go for a A prop firm challenge is a screening process used by proprietary trading firms to assess a candidate's trading ability before they are offered a funded account. Literally no one is getting rich taking money out of these firms, and that's by design. 16 subscribers in the ForexFundedPropFirms community. Welcome to the Forex Prop Firms subreddit! Get the best information about prop firms and authentic reviews! Engage with Skilled Funded Traders and progress in your own prop journey! Members Online • ReceptionOk8658. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. This evaluation often includes criteria such as profit targets, risk management, and consistency. Although we can’t Well check the website of the prop firm called "the5ers". I was attracted to their proposal to trade with demo money Performance Evaluation: Prop firms typically have a structured evaluation process to assess a trader's performance and determine eligibility for increased capital allocation. Losing 10% of personal account of 10k means losing $1000 of personal account. It is possible to hold trade accounts overnight and over the weekend. I jumped on in their September competition and came in 2nd, receiving a 10% profit share from the competition and also got funded with a 25k live trading account and my first withdrawal. A lot of new grads are pure cs majors that haven't taken stats past the intro This is a community for prop traders. In my opinion, this is the best prop firm available for forex and crypto trading. P. But also now want to get into futures. I think managed to develop a solid EA that is stable. ). They have the best prices, constant discounts and give weekly chances to win free challenge accounts. It's crucial to remember this when evaluating the risk. I like Elite trader funding Static account with 4 contracts but the monthly fee is $300 - which is a lot, especially since they barely give out any coupons. The prop firm took 20% of total profit, so meaning, my total payout will be $8k. Just watched a video of tradernick talking about prop firms, and he says that like probably 98% of prop firms are scammers, using casino tactics, and most of them give traders demo accounts as real accounts, and if a trader makes a lot of money, the prop firm usually makes an excuses to refuse to pay, is this true and does anyone have a genuine review on any good legit prop firms First on your question about prop firms being legitimate. S Observe when prop firms have sales. r/Daytrading A chip A close button. maybe later new ok ones appear after thousands of people test it on their own risk. With Apex, I got my first payout then my second payout then I had two payouts that I asked for at once, they said, I flipped, I never traded a micro, always a mini, then they said, flipping was because I was in the Trade for a couple seconds, I usually look for 20 ticks, which is five points, really does it take more than one or two seconds Trading NQ which we all know is extremely Find the best prop firm based on challenges, fees, trading platforms and profit split. Or check it out in the app stores Welcome to the Forex Prop Firms subreddit! Get the best information about prop firms and authentic reviews! Engage with Skilled Funded Traders and progress in your own prop journey! Prop firm that offers evaluation challenge with time limit Read our complete list of the best proprietary trading firms in the USA. 8/8/23) was insane and not in the best way. They have top-tier liquidity providers and support MT4 and MT5 trading platforms (currently for non-US customers only). Check trader reviews on trusted sites like Trustpilot, and Reddit for experiences with past contests. All others are funded trader businesses that make money primarily through test fees and commission markups. Spreads are amazing and the commission is not that high. They might copy your trades using their software and may put you into an actual live account once you are good enough. I found that elite trader funding that someone mentioned above is a great option if you want to use Tradovate, I’m also a fan of take profit trader because they will let The business model of a prop firm is honestly really scammy if you look into it. And since many prop firms operating in areas like Canada and the US are using very similar practices, there can definitely be more repercussions later down the road. Prop firm and funded account is not the same. Traders compete for prizes like cash rewards, funded accounts, or career advancement opportunities within the prop firm Get the Reddit app Scan this QR code to download the app now Get the best information about prop firms and authentic reviews! Engage with Skilled Funded Traders and progress in your own prop journey! Members Online • UpsetTurn3346 . It sounds too good to be true. There are few good prop firms out there they range from bucket shops like hold brothers all the way up to Jane Street. At my current firm I simply put in Best prop firm . TFT always looks to incorporate all the best traits from all prop firms into their company. Quite simply: Leaving liquid/payout money in an online evaluation company too long is a bad idea because these companies are potentially a fleeting opportunity. Open menu Open navigation Go to Reddit Home. Prop firms get a bad rep because they capitalize on the statistics of trading. I’ll also include some additional resources to help you make informed decisions. Prop firm life is going great! May-July have been the best months of my career. 22 Most people promoting prop firms are affiliates or shills. Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and It appears this thread is about Prop Firms and Scouting Programs. You do execute your trades. Around 8 years ago, I was trading forex and every single broker I used started giving me mad slippage and execution delays the moment I started making big money. Just as a warning. Me personally, I would rather deposit money into either props with better profit potential and I worry about going to the Prop Firm's pro account because of the the risk of intraday trailing drawdowns, and that a fast whipsaw could kill my account. Standard account has 6% DAily drawdown and 12% total drawdown. FTMO, MFF. The answer depends on what you trade and where you are in your trading It appears this thread is about Prop Firms and Scouting Programs. I took a break from the 250000usd challenge (the5ers) and went back to backtest my While there are numerous parameters to evaluate the best crypto prop trading firms, Trustpilot ratings stand out as a significant indicator. TFT was purely built on a trust foundation that continue Mac and Gray is a genuine instant funding prop firm that i've been following since August. At the moment Funded Pips, doesn’t offer 200K prop firm challenges or bigger account sizes yet! 😔 Due to the stringent refund policy, it is difficult to get your challenge fee back (And make your Funded Pips trading account risk free for you) even when you get initially funded. i want to see if there is anyone out there who survive being with this prop firm - or any others that promote long term growth like the 5%ers or lux trading firm. But seems like there are shared rules across most with slight variations. But Bro I have two prop firms accounts And I live off of them. Being a broke college graduate living not too far above the poverty line (before inflation), it sure would be nice to have an account of $400k for being able to pass their evaluation test. Failure rate is very high even in such prop firms so the mentoring and other training is average at best. I managed to get a lot of prop firms challenges with those, and have been continuously trading on them using my expert advisor ever since. The firm’s 1-step to 3-step evaluation processes suit a variety of skill levels, while its spreads and commissions are competitive compared to other firms. Now after all this, I am noe facing challenges to find a trust worthy prop firm. Some prop firms offer up to a million. Hey BabyPips Family, Hope everyone’s doing great! Today, let’s dive into the world of prop firm trading and explore some of the best prop trading firms available. As far as what they will be and how many firms will be effect, I don . Welcome to FXGears. All you need is the personal responses from a very diverse community of traders from all over the world. The prop firms owners are getting rich, that's about it. Always respect the probabilities. Opened my eyes to what kind of companies prop firms really are. So don't choose a firm that's lacking in one of these unless you really like some other feature they're providing. I recommend checking sites like fxprop, they have free tools that you can use to find the best firm for you and they list only checked reliable props (they have something called certification program). And the Evaluation is only single stage in Experienced Traders program. Your advice helped me realise that I wasn't sure about my strategy and I had to re-evaluate and regain confidence. Like you mentioned, just think of it as the drawdown. Compare the 2024 top prop trading firms. I have looked at countless firms and can’t decide on one. But that's a minor inconvenience, because you get paid along the way, so if one shuts down, you might lose the payout for the current month, but you can instantly apply to another prop firm. I will only be choosing one program from The5ers, so looking for suggestions for other prop firms that offer great account scaling. Whether you end up in single stock options market making or trade fixed income creation redemption, the minimum bar is the same, at the end of the day it's just intelligence. Topstep, and all the others, is It appears this thread is about Prop Firms and Scouting Programs. Check out the sidebar for intro guides. Prop firm . 3 - High risk manual trading on Gold and oil movement / news. Why Most Prop Firms Should Be Avoided I am new to futures and futures prop firms. 5% chances of recovering the initial $600, keeping the funded account, making any profits and not ending up spending further on challenges after initial failures. They have fast customer service also. Such prop firms have revolutionized the traditional evaluation and funding model, allowing traders to showcase their skills, pass a single evaluation, and gain access to funding and real trading opportunities. The prop firms make A LOT of money from people blowing account after account to cover the payouts of the really good traders who get payouts after payouts on a bimonthly level. These platforms provide access to live market data, enabling traders to practice their strategies, test new methods, or familiarize themselves with trading tools and platforms in a risk-free setting. If you pass them, you will also have a 250000k prop firm account Best Stock Trading Prop Firm: Trade the Pool Best for Forex, Indices and Metal Traders: The 5%ers Best for Seasoned and Undercapitalized Traders: Top One Trader It appears this thread is about Prop Firms and Scouting Programs. As far as I know, Apteros is the only actual prop firm with tryouts. I got my certification in 2014 after turning $4k into $20k on penny stocks. Evaluation rules are one such case - you "only" need to gain a specific amount Right now Bullenox and Elite trader funding are offering EOD (maybe other firms too). As you can see, I should've traded NQ only. Be super careful with prop trading. TFT is one of the best in this business right now apart from all other uncountable benefits like their unmatched low cost challenges 6%/12% drawdown in the world of prop firm that no other prop firms will dare risk, giveaway up and down every week, competition you can gain from and etc. Very cheap and very easy to use, yes i know a lot of people are scared of trailing drawdown, but if you think about it, all you need to do is make quick money and get through the trailing drawdown and you don’t have to worry about it anymore! These combine accounts aren't actually real proprietary firms, or actually I should say they aren't traditional. Am I able to reduce the taxes on challenges costs? there are two prop firms. Here we help each other out. Decided to start again and actually be determined to trade 2 months ago, watching charts every day, learning, trading sim etc. I decided to break down the differences and so I am sharing my breakdown. Got denied a 50k payout, moved to other prop firms and just keeping my profits at less than 10% to avoid the heat. Once again you comparing good personal trader with bad prop-firm trader. The prop firm scores 80/100 with You presented a very rosy and textbook definition of conventional prop firms :) Even the conventional prop firms screw their traders by padding the commissions, exorbitant desk, platform, hardware, software, training and other fees. I was about halfway through evaluation of my Forex funds 10k account until they shutdown. Prop firms offer little benefits to a futures trader, especially for all the rules and hoops you have to jump through. What are your opinions on these firms? I understand I trade with pats strategy plus some of my own intuitive trades, recently passed prop firm evaluation and trading with apex now. I started trading an evaluation with a prop firm and failed two evals. Our team of researchers evaluates prop firms based on critical factors such as account options, trading platforms, profit splits, and evaluation processes. This statement assumes that you have a strategy you’ve already forward tested (back testing is overrated) and that you know your way around loops like avoiding news and those types of subtleties that get you away from poor trading periods especially a day trader. Since you're looking for a prop firm that suits you for longterm, so nothing is better than the 5%ers. If you can't pass phase 2 then there's something wrong with your stratagy or psychology or both. You can choose a firm that charges 7$/lot but you’ll enter exactly where you clicked to enter which is important for scalpers vs firms that give you 1-2 pip spread. We talk about good & bad Prop Firms, Prop Trading, and the Prop Industry in general. Hedging doesn't mean taking the opposite trade, you can look up delta hedge, that's a fairly good and I was about halfway through evaluation of my Forex funds 10k account until they shutdown. I don’t know if you’re aware of the current prop firm landscape or you’re just angry with bad traders. Explore contest terms, prizes, and opportunities for traders to improve strategies, strengthen their skills, and expand networks. Evaluation Any prop firm that doesn't give you a scalable account should not be on anyone list. Traditional prop firms don't operate like those combine accounts like topstep, a traditional prop firm is something like a hedge fund. I lasted all of 6 days before my entire account was liquidated. I want to ask if 5%er is legit . Today i researched the top 5 prop firms in details because i wanted to see if was actually worth for me to take the challenge (or the plan for those that offer "instant funding") 3 of those were just garbage from math point of view, the others ones are FTMO and MyForexFunds ( on Evaluation program, avoid Accelerated program) I trade US equities with a Canadian prop firm Alkaline Capital. They don't interact with you at all. I’ve been looking at other prop firms like FTMO, the5%ers, and true Forex funds. its a crypto prop trading firm Prop firms can be worth it for traders who are looking to leverage additional capital and gain access to professional trading environments and mentorship and with HydroTrader prices , its the best for me rules are easy to follow and the community is very active and fun to be in Many prop firms, like Funded Trader and Funded Engineer, are really "marketing" firms that depend on their outside tech source. For example, apex and the like will be $4 a round turn for ES, Apteros is like $1. I have a prop firm account as well. With a prop firm, they take say 20%. Hey everyone, I wanted to introduce you all to an incredible prop firm that’s been making waves in the trading community – The Funded Trader. I know prop firms aren’t for everyone, but I have found them extremely helpful in limiting my losses and being able to scale up quickly. There's lots of firms (My Forex Funds, FTMO, The Funded Trader, MyFundedFx to name a few) that are very legit, with a proven history of timely payouts and treating traders well. Of course rules the rules of each prop firms are different so you have to take that into account. Y'all everybody! Day 2 (i. Get the Reddit app Scan this QR code to download the app now. FTMO, TFT, and TFF are some of the recommendations i can give. A futures prop firm may be caught in one of the following: if by "prop firm" you refer to those evaluation program, they don't really to any trading strategies. They've given honest & precise statements of their interaction with TFT. However, the leverage cap of 1:30 may not appeal to If u can consistently profit doing that then good for you but anyone else reading, use prop firms as a way to learn your strategy and master your risk management!!!! Edit; They are 20$ because they know most ppl will not Exmaples of prop firms with no time limit: MyForexFunds FTMO Alpha Capital Etc. Quick Look: Best Prop Firms. Looking for an alternative to Apex and the trailing drawdown. They usually have a lead trader & risk manager to make sure you're doing ok. Big fan of TakeProfitTrader. Log In / Sign Up; Advertise on Reddit; I've been a successful prop firm trader for few months if you can call so, when you buy an evaluation you have 0. 2 - My expert advisor. And then trade without having to risk my own capital. That being said, prop firms in general aren't scams. For instance, MFF has a daily drawdown based on your current equity for the day. 8 with mostly positive reviews but for some For a fair and accurate comparison on the best forex prop firms, our focus will be on proprietary trading firms that offer 10K accounts with a 2-step evaluation process. We are giving 25$ to everyone to signs upwhich is enough to get you in your first challenge! The general features of these firms are unlimited trading time, 4-5% daily drawdown, 8-10% max drawdown, 8% target in phase 1 and 5% target in phase 2. I am starting 3 new prop challenges next week as I have been trading the same prop firms for a while, and looking for some new challenges. Best of Reddit; Topics Apex is a good prop firm imo and easy to pass and payouts are very simple. I made $10k profits from it. You'll receive 100% of your first $25,000 earned per account with up to 20 accounts active at once and 90% after that, meaning this platform pays the most Choose the right prop firm: Research prop trading firms based on factors such as evaluation fees, profit splits, trading platforms, and the types of financial instruments they offer (forex, equities, futures, etc. A lot of these firms balance eachother out. Skip to main content . So, you are not in stress. Buy the 250000k challenge, pass the evaluation stages, there are two. New users beware: Because you posted here, you will start getting private messages from The thing I have against instant funding firms is that they are severely less rewarding compared to prop firms with real evaluation phases. They have great growth plan that no other prop firm offers and there is no evaluation on demo account like other firms. I’ve been looking at other prop Skip to main content. Anyway, take a look. If personal cannot make money on prop-firm account then he cannot make on personal too. Expand user menu Open settings menu. 81. Phase 2 in every prop firm I've seen and done has been twice the time for half the target. DNA Funded earns our award for Best Overall Prop Firm for 2025 with a near perfect score of 97/100, offering affordability, flexibility, and diverse pathways to funding This list of leading proprietary trading firms aims to be concise, easy to read, and focused on highlighting the main factors you should consider when looking at the best prop firms. I like to swing trade in the 4 hour time frame so I’d prefer to find one that isn’t too strict about holding over the weekend or trading during news. Simulate backtest MFF evaluation for a few months you'll get more honest insight in what is possible with your strategy. Chinmay Soni. I’m currently going through TradeDay’s evaluation, their one of the few that seam legit and not hoping you fail so they then can just get more of your money for more evaluations. that's it. Pulled this from Google through Glassdoor: Total Pay Estimate & Range Passing prop firm challenges, such as those presented by FTMO, requires a disciplined and strategic approach. These prop firms exist to give people with low amounts of initial capital a head start, not to be slot machines where you throw on 10 contracts on NQ to try and make $10000 in one day and then peace out lol Reply reply karl_ae • Congrats. Prop firms pay out, just try not to be too successful. funding pips is good too,just like plenty of new age firms , but there is no prop firm that matches FTMO in the industry as of now. 10% of 100k is already 10k. 31 votes, 72 comments. even more like "prop firms" because they are just games that pay real money if you win. Prop firm contests are events where participants trade using simulated funds in real-time market conditions. As someone deeply invested in the trading world, I came across this gem and felt it’s worth sharing with fellow enthusiasts. I Preferably want one that allows account merging and has a max drawdown of atleast 5% The Reddit LSAT Forum. I won’t say the name of the prop firm or I’ll be labeled as someone working with them. They give you 250+ Cryptocurrencies to trade on MT5 as well. It’s just a matter preference. 07%-0. Get app Get the Reddit app Log In Log in to Reddit. #4 – MyFundedFutures. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Scan this QR code to Hello, I just heard of "prop firms" and I've been doing a TON of research these past 2 weeks and it sounds like a good fit for me but I really dislike the EOD drawdown rule and REALLY dislike the unrealized profit drawdown, but on the ETF site they have a static drawdown option, where you don't have a daily loss limit or any drawdowns, only a minimum balance of $625 less than your Best prop firm contests. Includes high profit split prop firms and funded accounts. Prop firm wants to see your success so both can grow financially. I am not talking about normal rules, these are expected. The best prop firm really depends on your specific needs as a trader. Reply reply Miswey • after you get a live account you need to wait 14 Prop firm and funded account is not the same. Trustpilot, a well-known review platform, offers traders an opportunity to share their experiences, thereby guiding others in making informed choices. You are one of the very few people who understand how this business operates, and make it work for themselves. I am a bot, and this action was With Apex Trader Funding you'll trade mini or microcontracts in the evaluation period, and once the evaluation has been passed, you'll move to a funded account. I have been trading with FTMO for more than 2 and half years now and though am not one of the crazy money making traders but have managed to make USD 150k plus on my FTMO accounts and have been able to cash out every penny of my share without any issues this whole time. which are designed for you to keep paying their subscriptions. The property firm pays my LLC and its taxes as an S Corp as a pass through so I get write offs and lower taxes. This includes setting strict stop loss levels and following position sizing rules so as not to exceed drawdown limits. The best prop firm so far is the TFT. Prop firms have a tendency to give you absolutely normal information in a sensational way underlying how they're better than any other prop firm. Y'all everybody! Since there was a 90% discount with a prop firm that shall not be named (Apx), I decided to go for my second funded account, this time with posting my (hopefully) progress. Transparent & Fair: A robust evaluation process with A few reasons: I have my own capital built up from years of trading I don't want to mirror trades onto another platform The pricing between my IG live account and 5%er's is pretty good, great actually, however their gap pricing is pretty inconsistent around 4:30EST until around 5:30EST, I trade around this time and I've had trades stopped out that I held through my main live account These challenges are only 1-5 days in length and are all completed on our proprietary web terminal, using real time CME data. Regulation. will I be taxed as $10k (total profit) or $8k (-20% prop firm shares). Basically, a larger trading account balance, provided by the prop firm, that they let you trade, and you keep some % of the profits, with the rest going to the prop firm. Post any questions you have, there are lots of 1 - Hedging with different prop firms. At a certain point it just feels like a game. ok maybe 5ers also (but they seem different to these both). At my current firm I simply put in Quite simply: Leaving liquid/payout money in an online evaluation company too long is a bad idea because these companies are potentially a fleeting opportunity. Successfully meeting these performance benchmarks can lead to increased capital allocation and potentially higher The Funded Trader is no doubt, without hesitation the best prop firm you’ll find out their today and will continue to be the best, because even if another firm comes out with something new. Please contact the The Prop Firm Business Model: A Numbers Game. Prop firms often value consistency over high returns in a The brokerage also gives you an amount and then taxes are done on a 60/40 win loss. Their support team responds quickly As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Here's the deal: if you're a good enough trader that a prop firm is going to fully fund you and you're going to make a lot of money for them and yourself, then you're a good enough trader to take a small account and grow it for 12 months into a respectable account. I have traded equities/options with prop firms for more than a decade so if you have any specific questions you can DM me It appears this thread is about Prop Firms and Scouting Programs. 2 As far as I know, Apteros is the only actual prop firm with tryouts. The Law School Admission Test (LSAT) is the test required to get into an ABA law school. Prop firm evaluation: Day 2. This will definitely put prop firms on regulator’s radars. No restriction on weekend holding or using Expert Advisors. Coming from APEX, I like them but that trailing drawdown blew me up a few times. 82% Remaining goal to pass evaluation: $2150. I’ll get straight to the point. . Keep comparison consistent. ADMIN MOD My best experience with brightfunded . I can’t recommend them enough. I have read the reviews on trust pilot and it's 4. View community ranking In the Top 1% of largest communities on Reddit. Then there are second type of prop firms that ask you to pass monthly profit challenges and then give funded accounts which I am not really a big fan of but food for though for your research. Honestly they just have too many rules. you could try getting 100k each from 4,5 top firms too , like 100k each from FTMO,Funding pips,5ers,CTI. It appears this thread is about Prop Firms and Scouting Programs. Did a Comparison of Prop Firms: TopStep, ApexTraderFunding and TakeProfitTrader futures Not quite sure yet which is the best, they all seems to have their own pros and consI’ve passed Apex evaluation, busy with TPT If you have your own account, you keep 100% of the profit. You'll discover that its around high impact news( very wide ranges, lots of volatility and high probability of structure breaks). Focus on preserving capital by effectively managing risk. In the world of proprietary trading, finding the right prop firm that offers a streamlined and efficient one-step evaluation process is paramount. There is an exchange called ACG Markets that Alpha Capital Group runs. If you don’t have an LLC for it you will pay roughly 34% in taxes most likely. Every gain I made on the NQ scalp was immediately wiped out by commodities until I stopped with commodities and focused only on NQ. But real prop firm like IMC, yes they do have hedging strategies. If you are consistent and profitable with futures or forex, using a prop firm may be Really just depends on what you prefer over the other. but many of these firms operate on scams. I came up with another $5k, tried again, and lasted 2 days. The specifics of the challenge vary from firm to firm, but typically involve simulated trading scenarios where candidates must meet specific performance goals without exceeding risk limits. I trade US equities with a Canadian prop firm Alkaline Capital. Everyone is welcome! This is not a place for bragging, though. I like topstop but also feel like I want a slightly larger margin, and 10 contracts would be the ideal minimum size for around a 3k profit target, yadda yadda. Takes a while to learn when setups are correct with the context but the strategy works. What is a Prop Firm? A proprietary trading firm (prop firm) provides traders with capital to trade financial markets. r/Forex A chip A close button. 2 best features I like most: No swap fees, many crypto pairs As part of the Trade2Earn program, It appears this thread is about Prop Firms and Scouting Programs. A lot of people say that using a prop firm is a good learning tool for trading because of the risk parameters and rules you have to follow, but honestly, I don’t agree with that The Funded trader is hands down the best prop firm. New grad prop traders are for the most part assigned desks based on interests and the firms evaluation of the trader's strengths. I am a bot, and this action was performed automatically. And if someone can’t trade by the rules of a prop firm, (which really aren’t that tight with rules and some don’t have time limits) they would’ve blown up their money regardless This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money. Best prop firm . I believe APEX is probably one of the best one specially if you want to learn and make money at the same time because of its cost. I wanted to day trade with a bigger account so I joined a prop firm and had $100k buying power. Losing entire 10k evaluation account means losing $60. A lot of the forex companies have shut down and frozen assets making it incapable of withdrawing. Isn't that where they make their money from? If There’s tons of prop firms out there that can help you with your trading career. For a fair comparison, this blog focuses on firms that Review of top prop firm contests. Just enough so you can start saving your profits to build up your own live i havent seen a single video of a trader talking about the firm after passing the evaluation which is of course a small stepping stone to that 2 million funded mark. You can vent all you want here but prop firms pay and they pay a whole lot. Funded account wants to see your failure, so they can benefit from all the evaluation and reset fees. Apply my 5% off affiliate code "Timmoor" for #TFT, #Blueguardian, #MyFundedFX I have recently come across proprietary trading firms such as FTMO as an example. FundedTradingPlus is a new prop firm in the UK and they give you liberty to pass the Evaluation stage without any time constraint. I usually take 2 points profit rather than the 1 that mack recommends. Log In / Sign Up; Advertise on Reddit; Shop Collectible Hello, I found this new Prop Firm named Equity Edge, it's new on the market and they are offering a 10k challenge for only 30 dollars, it's a good price than the other firms, but they are kinda new and Idk if to trust them. From my prop firm, their payout as USDT to my Binance wallet. Reply reply Aposta-fish • • Edited . If your stratagy is consistant you should pass two in alround half the time of phase one on average. e. Experience with propfirm . After completing their evaluation, most of the firms will put you in a "live sim" where you can withdraw the profits you make after the split. Lastly, many prop firms have hidden features designed to make you fail. A futures prop firm may be caught in one of the following: I think managed to develop a solid EA that is stable. Apex, tradeday, bluenox , takeprofit trader im sure there’s more but these I been looking at. Prop-Firms. Prop Firm Evaluation: Day 1. And these are the best features (as far as i know) in the industry. View the Top Forex Prop Firms In 2023 is a broker-backed prop trading firm that balances competitive trading conditions with flexibility in account types and evaluation challenges. I don't believe in pass the challenge kind of prop firms like FTMO, Topstep etc. A lot of prop firms are now with the new rule - no trading time limit on their evaluation phrase. So out of the 3-4 I have experience with, TFT is my favorite. And it's amazing, no other prop firm comes close. Would it make sense to just trade directly in Tradovate and forgo prop firms altogether? Does Tradovate use a better intraday trailing drawdown than prop firms? Thanks in advance for your Initially I really liked top step no live trailing threshold in the evaluation although you have to deal with it in the Funded part. by survive i mean Anybody having an experience with this prop firm may like to share your Skip to main content. always let your initial capital come from firms which are considered tough like FTMO,5ers,CTI. com is dedicated to helping traders find the best proprietary trading firms to suit their needs. What credible prop firm would let some unknown retail ape just trade a 6 figure account with no prior training or risk management. Prop firms operate on a simple principle: most participants won't succeed. "The evaluation fees you pay to "trader prop firms," which include costs for education, market data, and the evaluation itself, can generally be considered deductible business expenses for tax purposes, especially if you are operating under an LLC and are engaged in the activity with the intention of earning income from day trading. The Funded Trader has successfully shattered the barrier to entry, making the upfront cost to participate in the evaluation challenge a fraction of what a trader potentially can make in I've been trading off and on for years, between college and jobs but was never really committed or super profitable. They might shut down (like funding talent). The aim is to achieve the highest profits within a set time frame or with given capital. Let’s take a look at the best forex prop firms in 2024 on Prop Firm Match. 10% of 600 is 60. Sounds like you're gambling more than trading. Until them we have 3 legit for now prop firms. Simply sign up and start working. I trade forex prop. As a trader you fail a prop firm challenge because you’re not aggressive enough. veit ucekx pmppc otepgv rgzcyl tsimcl uldarq qgxrp jvxtf nuvbmkp