Join to make reviews of the items you have and ask questions! Very scammer prop firm. 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. 3 days min Phase 2: Target 3k, max drawdown 5k (not including open equity, like most firms). Once you've saved up from prop firms you can open a personal account. Prop firms offer little benefits to a futures trader, especially for all the rules and hoops you have to jump through. I can’t see how this won’t affect other firms. I recently participated in the Call of Duty mobile gaming tournament hosted by Consummate Prop Firm, and I was blown away by their professionalism and generosity! Not only was the tournament well-organized, but they also gave away 10 challenge accounts to the top 10 winners - and I was lucky enough to be one of them! The Best Prop Trading Firms Looking for a reliable prop trading firm? Read our prop firm reviews, see our prop firm ratings and compare prop firms side by side. My performance at the lowest fund ($10,000) for 2 weeks. Trusted by More Than 10,000+ Traders Editor choice 1 Funded Trading Plus Review Funded Trading Plus are a leading prop firm that fund professional traders from […] We would like to show you a description here but the site won’t allow us. A little backstory: I’m not big on prop firms. Until them we have 3 legit for now prop firms. I think my favourite is 5%ers, with FTMO second and TFT third. You may have other opinions with different trade styles and systems and that's ok. Hi Stock, thank you very much for your positive review of our firm. I want a place with a fair profit share and low risk limits, plus a good plan for growing my trades. Most of them do not actually have any real trading operations and it's just about impossible to know whether or not the firm you use is trading. Qualified traders get access to company accounts up to 2 million dollars and are entitled to keep a share of profits generated by trading activity. 200 on silver , yet silver was on 29. I been with them for more than a year never had any bad experiences with them. Through its funding program, the prop firm promises to give traders the best trading environment they Toptier is a wonderful prop firm I love… Toptier is a wonderful prop firm I love it I already purchased 2 challenge account and also participating in the competition but the price is way too high not everyone can afford it if the price for challenges is reduced it would be wonderful . They hire real traders with real track records, they hire mathematicians etc A prop firm (funding company) like FTMO or MFF makes most of their money with failed challenges. They'll train you on how to trade, you can collaborate with other traders working for them, they have their own risk management departments, etc. Join the discussion on r/Daytrading about Kortana Prop Firm, a possible scam that lures traders with false promises and shady practices. These reviews will help you to make the most informed decision before investing in a course or training. TFT is the one who really cares about their customer. I heard there's an entrance fee. High frequency trading prop firms are firms that allow you to pass the challenge with “HFT” bots that can pass the challenge within a day. Their One-Step Evaluation Process has made them a popular choice among day traders, offering the chance to prove trading proficiency within a set number of trading days to achieve the profit goal and earn a funded account. Failure rate is very high even in such prop firms so the mentoring and other training is average at best. But i would like to see if they change the timing for the master account and onboarding. Would this mean the trader is like an independent contractor and is taxed on their payouts, or do you still pay taxes on capital gains as if you were trading your own private account? We would like to show you a description here but the site won’t allow us. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! Tradeday is the best . My goal is to manage $200K funds in 3 months馃敟 Jul 10, 2024 路 Best Prop Trading Firms. I risk 1% i do 1:5 i take Half my position off at 75% of the 1:5 i put stops to break even once it gets to 75% if it runs to my full take profit quick then i'll usually leave a runner that that runner will be what my stop loss is or half of it and when im in a drawdown i risk . Buy the 250000k challenge, pass the evaluation stages, there are two. These firms make a profit primarily or completely off of fees charged to the trader. Fund work is really free money. Our detailed review of The Funded Trader was last updated on 05. that's it. Mar 31, 2024 路 The 5ers is a proprietary trading firm, often referred to as a “prop firm”, that offers funded trading accounts to chosen traders. Yes the drawdown is tight but it just enforces you to follow stricter trading plan/more scalping trading. One is helping others to find the right prop firm quickly. Personally I got some small pay-outs from prop firms, but unfortunately I wasn't able to get a payout from FTMO as I switched prop firms after I failed my funded account. What we love about Apex Trader Funding: Apex Trader Funding is a top-notch futures prop firm that makes trading a blast! Traders can enjoy impressive payouts, simple trading rules, and valuable trading tools. You compete a Topstep, get like 3. The concept very good, “No challenge fees upfront—trade first, pay only after passing. even more like "prop firms" because they are just games that pay real money if you win. We’ve searched the web to see what other prop traders think of Apex Trader Funding! Positive Reviews. The prop firm is one of the new firms targeting to help the increased number of traders get the opportunity to trade online. Great bonus incentives and Awesome discounts frequently! Looking forward to a long lasting future with a great Prop Firm! :D. MFF accounts are geared for the entire range of trading experience from the beginner traders to professionals. FTMO with the potentially 40k static drawdown is just plain better. In this interview, Etienne sits down with the founder of Trade The Pool, a prop firm that gives stock traders leverage & capital to scale up their trading. They want you to succeed because that's how they make their money. 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. Oct 13, 2023 路 The 5%ers prop firm offers 50%, 75%, 80%, and 100% payouts. Th And then the company was found to be doing things illegally and pretty much everyone in the prop firm world has accepted that it's already gone even if the court case is still on-going So, I decided to try out My Funded FX (MFF) after seeing it from ads. It's essentially a real job. For a good prop firm, these bad reviews are just losing traders venting their anger. Would 100% recommend this firm to anyone looking to get into the prop firm space. Choose the bootcamp program. Jan 14, 2024 路 Overall an excellent prop firm for both instant funding and prop firm challenges. Excellent firm, spoke via email with Jonas (a member of the FTMO support team) regarding FTMO rules, in which their responses were both quick and informative. org Reddit PropFunded traders community. They operate within the framework of financial regulations and offer traders a platform to access significant amounts of capital. Forex Prop Reviews help forex traders that lack the capital by introducing them to the proprietary trading firm industry. 40 meaning setting a stop loss at 27. The purpose of running a prop firm is to make money. A detailed overview and comparison of popular forex prop firms can be found here. Legitimacy and Regulation. I am sharing the information with two goals. 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. Part of your success with prop firm trading depends on choosing firms with low fees, diverse market access, strong trading platforms, reasonable leverage, and fair We would like to show you a description here but the site won’t allow us. Many prop firms are regulated by financial authorities, providing an additional layer of security and credibility. It's more accurate to call them a funded trader program. I would suggest trying in a prop firm first as we've a lot of options (The Funded Trader, FTMO, My Forex Funds, True Forex Funds and FundedNext. So If you are here you either want to be a prop firm trader or you are. Futures props won't do the kind of weird thing that Forex props do like keeping you on demo, so you'll be trading with real money. This payment structure means that the more you make, the more they make. Welcome to FXGears. maybe later new ok ones appear after thousands of people test it on their own risk. After considering everything The Funded Trader has to offer to traders all across the globe, they can undoubtedly be regarded as one of the industry-leading prop firms. It's all the same template, you can tell it's Most new prop firms are scam When it comes to those new prop firms, you gotta be careful, no doubt about it. Traders can unlock an account all the way up to $600k, which means profits can be much larger than if trading with a small account. For a bad firm, these reviews tell you about these « hidden rules ». Well, I don't think any prop firm had given an account to their traders after pausing their operations. Even the current one that I trade with (Alkaline Capital based in Canada) have similar structure though the profit sharing and leverage differs from firm to firm. One Reddit user says that not only is Apex Trader Funding legitimate, but it’s the best prop firm for futures trading. But prop firms have to be registered with FINRA and other agencies. Date of experience: July 27, 2024 You also want to focus specifically on the bad to worst reviews. I am a one of country manager at Switzerland proprietary firm with 11 year old firm. The other is nudging the prop firms to offer what traders really want by increasing the transparency. 7 out of 5 rating on TrustPilot, users have a lot of good things to say about InstantFunding. In a legit firm, you trade their money and collect a share of the profits. Date of experience: July 26, 2024 Honestly futs prop firms dont really worth it due to the trailing drawdown. This will definitely put prop firms on regulator’s radars. I'm trading with True Forex Funds, you should check it out, I can recommend it as I am already funded with them, they have good spreads, and time-limitless funding if you pass the trading rules. Tradeday is by far my favorite prop-firm for 3 big reasons. The Funded Trader is a proprietary firm (or prop firm), meaning it allows skilled traders the ability to trade with a funded account. 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! We would like to show you a description here but the site won’t allow us. io Customer Review Analysis With a 4. If the firms really had millions or billions to be managed try would got to professional traders and investors like Warren buffet or Paul Tudor Jones, with over 10-20 experience. But you can't just write them all off as scams, ya know? Do your homework, dig deep, check their rep, and see how they've been doing so far. For example, this new Asian firm called fundednext offers a challenge without time limit where you have to hit a 25%. I’m not going to get into the technicalities nor does it really matter for customers. It is our hope to be a wealth of knowledge for people wanting to educate themselves, find support, and discover ways to help a friend or loved one who may be a victim of a scam. Over here in the retail FX world, a prop firm's source of income is the registration fees that people pay to trade a demo account. Please contact the moderators of this subreddit if you have any questions or concerns. I think a prop firm funds it traders to get atleast 1% gain of the capital they have. What few realize is that most of these prop firms claim to give you say $100,000 account but they are actually giving you a small account with leverage that equals $100,000. 200 would mean going past maximum drawdown, that was there way of eliminating traders, may be they already had winners on their mind dont buy their accounts and dont join their tournament they are too corrupt. FPF also has a great Scaling program, which is something I look for first in a prop firm, and a higher max starting balance than most other prop firms at 400K, which is something I really like. Oct 13, 2023 路 Read our Earn2Trade Review for a closer look at this prop firm! Apex Trader Funding: Best for Profitability Category. io. Welcome to Ourinterest. Knows his stuff when it comes to trading. one of the best prop firm . Are you saying that they try to get money from failing traders and pay it to other who passed Excellent firm. Yeah its CFDs but their swing account lets you hold trades even over the weekend. Stick to the majors (FTMO, MFF) and when you have an established firm under you, THAN experiment with others to test their legitimacy and build your funding if you'd like more. All Honest and Legit Review Write Yours Down Below On The Correct Post. This is an ad not a valid opinion. e. 50% and still do 1:5 with 75% profits locked in and if i loose that trade i go down to . Reply reply More replies In this community, we discuss high quality replica designer fashion goods (i. 3 days min Oct 13, 2023 路 User Reviews for Apex Trader Funding. other than that its good company. It appears this thread is about Prop Firms and Scouting Programs. Many prop firm keep their funded traders on simulated accounts and can virtually bring the spreads and slippage to zero. After all I am one of those whose account and money was lost during TFT pause and I never thought they will return the money or account to me. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, a high starting profit split of up to 90%, a free trial feature allowing you to test the trading conditions, and affordable Welcome to r/scams. We are excited to announce we are bringing new tech to SPT very soon, with launching Match Trade and cTrader will follow shortly after. 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. Date of experience: July 23, 2024 there are two prop firms. 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. Sign up to join this community. We wanted a place where we could discuss the markets from the perspective of a prop funded trader. Ok so there's my opinions of the prop firms I traded with as a swing trader. Anyone can fake reviews on trustpilot, it's been shown. But, most of the rules stay the same. This probably contributes to why it’s not a pop Hello Traders, Are you ready to explore the dynamic realm of proprietary trading firms? Whether you're an experienced trader or just embarking on… Well check the website of the prop firm called "the5ers". Do you have any recommendations or personal experiences with other firms? What should I look out for when considering a switch? We would like to show you a description here but the site won’t allow us. 1. 25% and do the same exact Sep 16, 2020 路 My Forex Funds is prop firm established in 2020. Don't trust them, read 1 star reviews on trustpilot. Because of this, they tend to have some additional different rules from the known prop firms such as FTMO, TFT, etc. No real trader would give a review of a prop firm and say "very nice and ambitious CEO", absolutely no one cares about that. ok maybe 5ers also (but they seem different to these both). Simple. 5k drawdown which trails to zero. They have the quickest pay outs with no restrictions. If you read the 5 star reviews you can tell they are identical in nature and are NEVER specific, and usually are just super generic and refer to some ''name'' that helped them through XYZ. Not all is SCAM, find Switzerland or Italy proprietary firm is A Book firm. I’m apart of his live trading lab. Try to explore and read the know firms' rules, their drawdown rules and which type of accounts they're offering. May 7, 2023 路 In a nutshell: AudaCity Capital is a proprietary firm (or prop firm) that specializes in forex trading. It's very different on a Prop firm rather than a personal account. on time payouts especially. This is the best prop firm! This is the best prop firm in terms of conditions, prices, support! Recently I had a situation when I entered a position and matchtrader glitched and opened two positions, my light went out and when I turned it back on I saw -4% on my account and the maximum drawdown on my account was 2%. The final score is based on an aggregation of around 700 criteria, all collected and weighted based on the reader’s preferences and on our 30+ years of industry experience. Can you make a living trading for a prop firm? Yes, you can make a living as a successful trader at a proprietary trading firm. But this should not be your business. ” InstantFunding. The prop firms owners are getting rich, that's about it. Jul 5, 2024 路 In conclusion, Ment Funding differs from other industry-leading prop firms by offering a single account type, a one-step evaluation. AquaFunded prop firm is a new trading platform that was launched on December 11, 2023. . 2024 at 10:57 (CE(S)T). As far as know of now . How much does the average prop firm trader make? Bottom line is there are a lot of prop trading firms that are unrealistic/super hard to be profitable with stupid timeframes and targets so it gives the area a bad name. . We would like to show you a description here but the site won’t allow us. Stick with firms that pay, and don't screw their clients. First on your question about prop firms being legitimate. support team is always quick and helpful with any questions! rules in terms of drawdown and trading strategy are more than fair, competitive price for evalutions I really don't have any The profit target to drawdown is better than any other prop firm i have seen, which is the main reason im looking into it: The eval is for VIP $600 option: Phase 1: Target 3k, max drawdown 5k (not including open equity, like most firms). Although some Forex online prop firms do also trade with real capital and don't keep their traders on demo. 07. I'm getting into forex trading and looking for the best forex prop trading firms. Mar 30, 2024 路 In a Nutshell: Apex Trader Funding is a leading proprietary trading firm that offers a simplified approach to funding traders worldwide. There's always futures online prop firms if you think Forex online props are too risky. Welcome and hope to get some meaningful engagement via your charts/comments! Most prop firms that provide a decent leverage (20-25x) have similar models which I have seen in my decade of working with prop firms. The reviews have been ok so I gave it a shot. 2. r/LegitPropFirmReviews: All Honest and Legit Review Write Yours Down Below On The Correct Post. Slippage is also very dependent on the size of your trades and the time of day that you trade. But that's market making and those firms cannot guarantee 100% that they will always have the money to issue your payouts. Do prop firms really pay out? Yes, legitimate prop firms like the 5%ers pay their prop traders. Prop Firms and real prop firms are a big difference. The firm should be solid in Forex, have helpful tools, good learning stuff, and know how to handle risks. At the end of the day pick a prop firm you trust, can pass and like. Literally no one is getting rich taking money out of these firms, and that's by design. AudaCity Capital has quickly earned a strong track record among prop firms with a 4. They made sure that my I dont place any stop loss that is greater than 27. But I want to thank TFT team that they provided my 50k Account back on 22 July 2024 Best Prop firm on planet earth . I'm thinking of taking a swing at a prop firm that trades futures exclusively. Trust me, there are legit and reliable prop firms out there. I am a bot, and this action was performed automatically. Unfortunately, the choice to get rid of MT5 wasn't a decision by prop firms, as firms were forced off of MT5 due to regulatory changes. Originating from their assertion to fund the elite top 5% of traders, The 5ers provides an opportunity for investors to trade using funded accounts, while the firm garners a fraction of the profits made. These include arbitrage trading, martingale, or EAs that trade tick scalping, HFT (high-frequency trading), or grid trading. Brought the account to 53k with 5-10 contracts before hitting 2500 trailing stop loss, and then did it again with the trailing stop loss and brought it to roughly 57k. Welcome and hope to get some meaningful engagement via your charts/comments! I researched many prop firms and their programs when I looked for the most fitting prop firms for myself. I think I'm ready to put some strategies to the test. Don’t believe either of those companies are. Leave your reviews so that others can learn from your experience. In addition, they also provide numerous favorable features, such as an unlimited trading period, no minimum trading day requirements, a first withdrawal from day one after achieving funded status, account sizes up to $2,000,000, and multiple add-on features. 7/5 rating on Trustpilot. A few people have passed phase 1 and 2 recently. 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 we can trust? He’s actually an extremely profitable trader. They allow EAs although some types of strategies are banned. What are your individual opinions on The Funded Trader and the services they offer? We would like to show you a description here but the site won’t allow us. No prop firm is legit because they are not regulated. Trailing drawdown is end of day not intraday trailing. 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. A community where you'll find genuine online marketing/prop firm reviews. AquaFunded Review – Overview. This means that it offers skilled traders the opportunity to trade forex with a funded account and share the profits. Jul 10, 2024 路 In conclusion, SabioTrade differs from other industry-leading prop firms by offering a single account type, a one-step evaluation. Everyone needs to know about this opportunity. Date of experience: July We would like to show you a description here but the site won’t allow us. We make Proprietary Trading Firms comparable by using the same methodology to review them. always let your initial capital come from firms which are considered tough like FTMO,5ers,CTI. FTUK EAs (Expert Advisors) If you like to use EAs to trade, FTUK is a great prop firm for you. Stock trading can be significantly easier than trading leveraged vehicles like futures and forex. This is an educational subreddit focused on scams. Correct, a real prop firm (proprietary trading firm) won't have you pay them for access to their capital. When it comes to trading with Prop Firms in Canada, what exactly is the procedure to apply for a prop firm and how does it work? How would one apply to a Prop Firm in Canada? Currently working a 9-5, I've been paper trading for awhile before and during work. You and the firm make and lose money together. I'm searching for a prop trading firm with a strong reputation, significant funding opportunities, and possibly some additional bonuses or incentives. Firstly, they're not prop firms. you could try getting 100k each from 4,5 top firms too , like 100k each from FTMO,Funding pips,5ers,CTI. Here you will firm all the necessary Brilliant prop firm! Brilliant prop firm! I've been using alpha capital for more than 6 months and never had any issues, been funded multiple times and received payouts that have never taken more than 3 days. Image Source: Reddit/r/Daytrading We would like to show you a description here but the site won’t allow us. If, you went a real prop firm, With an owner and staff who are really went your success, don't look anywhere else, I have tried, and been funded, with almost every prop firm on earth and no one was so personal, professional and trying so hard you should be successful. They make money by traders failing. A real prop trading company does not hire people from the internet. super fakes) including clothing, bags, shoes, scarves, wallets etc. My question is, they provide a 1099 to US residents. 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. Usually they partner with a real prop firm, the one I know to be the most popular partner is T3. 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. Realized that wasn’t realistic so I reopened a demo at 50k and tried to rules of a prop firm. You're not very bright for choosing to be the guinea pig experiment on an unproven, unheard of prop firm. FTMO, MFF. Also saw some information that these firms study behaviours of the traders and use it to make their own strategies for trading Ha ha 馃槀. If you pass them, you will also have a 250000k prop firm account Sep 27, 2023 路 However, it’s crucial to note that prop firms are legal businesses. Well. kw bu id ns lh wm ym lq up jf