any feedback on prop trading firms

Discussion in 'Forex' started by fm_88, Jul 25, 2022.

  1. fm_88

    fm_88

    Do you have experience with prop trading firms such as FTMO, My Forex Funds, The 5%ers, Topstep etc? My main criteria are fees and reliability.

    The article below gives a fair comparison but I would like to here from someone more experienced than me.

    https://www.softwaretestinghelp.com/prop-trading-firms/
     
  2. Based on reviews here, I would say Earn2Trade seems to have the best set of rules.
     
  3. wmwmw

    wmwmw

    fm_88 likes this.
  4. I wouldn't call these firms prop firms. Trading arcade at best.
     
    ET180, fm_88 and trismes like this.
  5. Seems like most of the firms in that list are for FX?

    I think E2T is among the best for futures trading. The FX world might be different.

    Agree that Topstep seems like the worst deal...
     
    fm_88 likes this.
  6. fm_88

    fm_88

    Which firms would you recommend then?
     
  7. I can't recommend any of them to be honest. My impression is that E2T is the best for futures trading.

    For FX, maybe check out the link @wmwmw provided.
     
    fm_88 likes this.
  8. wmwmw

    wmwmw

    fm_88 likes this.
  9. fm_88

    fm_88

  10. wmwmw

    wmwmw

    Plenty people have tried it , never had a problem.
    I myself never had problem with myforexfunds and I trust MFF more than any other prop firm.
    There are many new prop firms came to market recently and they offer much better value than old ones. They are much cheaper and their challenge is much easier to pass.
    If you only stick to old ones like topsteptrader, you will get 10 times worse value for your money.

    For example,topsteptrader 150000 challenge has a drawdown of 4500 and profit target of 9000, that is 200% target. They charge $375/ month.
    How many months do you expect to make 200%? If you are lucky you may pass in 3 months. That means you will pay $1125.An equivalent challenge at myforexfunds would only cost you $224. Besides, MFF challenge is much easier to pass. Phase 1 profit target is 67%, phase 2 is 41%.

    Earn2trade charges half price as topsteptrader, but is still 5 times worse than myforexfunds.
     
    Last edited: Jul 26, 2022
    #10     Jul 26, 2022