Thanks for your reply! Do you know any good, valuable FX prop firm other than MFF, FundedNext, and FTMO?
I got your point’ basically Forex trading education is a vital factor for every traders. They should not waste much money for learning Forex because learning sources are already available only and they also can follow the informative educational e-books and video tutorials
E2T gives you the best tax advantage. Their sister prop firm Helios passes through the profits to you as if you made them in your own account -- 60% Long Term Gains and 40% short term gains. The others treat you like a Professional Contractor and you are even subject to self employment tax on your profits. So depending on the State that you live in you will be lucky to clear 50% of you profits. Now compare that to E2T who is the clear winner by far.
w What are you going on about? Topstep is probably the best one. I have withdrawn over $30K from Topstep with no issues. They use Tradovate which is a fantastic web based platform for execution - I use my own charts, and they payout within 4 days. Also, you can pass their 2 step combine in 8 days if you really know how to trade. Most people haven't put in the years so they don't how to trade but for those of us who have the experience it should be no problem getting funded in 14 days or so on any online prop firm.
If you are so confident about TopStep and have has success with them, then why are you asking about another prop firm here? https://www.elitetrader.com/et/threads/any-experience-with-prop-firm-tradeday.369818/ You are starting to smell very fishy.
Lol, because I would like to open up another account with another firm so I can trade the same strategies somewhere else. I actually have 3 accounts open now, 4th might be an overkill but maybe I could do it.
I don't see your logic. The fact you withdraw some profit from topsteptrader does not prove it is the best prop firm.Even the worst prop firm can have some traders making money. What are topsteptrader bad? High fee, low drawdown, so you pay much more for much less compared with good prop firms. Trailing drawdown, makes you much more difficult to pass challenge, as well as for a live account. 200% profit target, much more than industry average, so more difficult to pass challenge.
Just thing logically Topstep required you to made 10 point daily . What we talking about? 10 point every day with maximum loss 3 point or you out.... LoL.. Not mo much people can do that without 5 ..10 point during a months losing day... Be realistic you cannot trade like this every day.Keep in mind market condition.. They have strict rule... it is good for beginner learn discipline but not to make money. Come and trade my account . No rule no maximum drawndown, no goal ,,, nothing nothing nothing... Just be profitable and grab your profit when you need. I tell like this one popular trader and he forgot my email address next day... HA .,...HA ..HA.. Every body strong to talk but when is come to reality suddenly go to nowhere i seen trader like this a lot .... just bla bla bla... Then i find out she provide paper account for public convince is live account made 100k and 100k from faking people.. 95 % education trading school is fake scammer..becouse they dont know how to trade if you know how to trade you trade no teach nobody...