https://sagefx.com/ https://www.trustpilot.com/review/sagefx.com New prop firm with score 6.3 for the 200k challenge offer. That is good offer, but they are new, so payout proofs still needed. But this is one to watch. They ask 10% profit as goal with 12% max. DD, so that is on Euler figure based a 130% return or 2.3 factor, so with fee $1100 that is then $2530, so the score of 6.3 is then 80% profit split 20k max. DD on the 200k account which 16k/$2530=6.3 score.
There are a few things missing from the info on each firm to derive scores and rank. For example-- 1) On daily max drawdown and max total drawdown there needs to be additional scoring taken into consideration as to whether the funding/challenge firm in question uses fixed drawdowns below the zero line Versus using any type of trailing drawdowns and if using trailing drawdowns then what type of trailing drawdown is used (i.e. intraday, end of day or other) as the type of drawdown and the specific rule language on how and when a trailing drawdown is calculated and applied can make the deal more attractive or less attractive to the trader. 2) Other things need to be factored into the scoring such as live account payouts--do they have a reputation and history of paying the trader their share of the profits in a consistent and timely fashion (and do they pay the trader the full amount owed to them regardless of amount owed), do the firms allow traders to withdraw 100% of their profits repeatedly and ongoingly and still retain full funding from the firm (do the firms have rules in live accounts that take away a portion of, or 100% of, the firms funding once a trader has reached a certain amount of profits (thus leaving the trader in a position where the only way they have "funding" to trade on from that point forward is the leave profits in their account (since there is no more risk funding being supplied by the trading firm) and now the trader is trading from their profits only and paying the firm a % of profits (if trader keeps his/her account open). 3) Also is there an additional consistency factor required to get funding at all and/or maintain funding ( a negative) or is the consistency factor only used as an incentive to increase traders funding (a positive). 4) Also what is the firm’s policy on profits leftover on a live funded account if you violate a rule on a live funded account which results in live funded account closure but there are still profits left in the account - do they pay you the remaining profits or do they confiscate them due to account closure? example: you pass all required challenges and earn a funded account that has a $5,000 daily loss limit and a $10,000 max total loss limit and your payout % is 80%. You generate $25,000 in profits but then have a bad session and lose $5,000 and violate the daily loss limit but still have $20,000 in profits The firm closes your live funded account but what happens to the $20,000 in leftover profits— after account closure due to rule violation does the firm pay you the 80% of your $20,000 in profits leftover or does the firm confiscate the $20,000 in profits as a further Penalty for violating the rule
You are lazy because you did not realize that all offers have no trailing drawdown but static drawdown. I alread said this in earlier post in this thread too. Also there are no consistency rules here. All prop firms should do payouts, but 6-figure payouts probably only 3 firms without any problems, which are FTMO, MFF and TFTP. You should look on the website of each prop firm if you have further questions. The score calculated is objective because it is an mathematical equation, how much value you get for the fee in multiple times versus trading on your own personal account and do compound any profits there.
Just a thought - perhaps they get around this rule for US residents because —perhaps— all of the accounts —even the live “funded” ones are just virtual currency demo accounts and not real money accounts. Now they do pay you real money on your profit split on a live account but perhaps since they may be based on virtual currency demo accts that is an exception that gets around that rule
Tried to score the Earn2trade vs TopStep combines The score is based on the (Payout / Cost) / (Cumulative Return) Problem with TST is the evaluation has 2 phases, We need to compound 3 times just to get the first payout. That's why E2T sounds more interesting since we compound only twice. I mean with TST we have to achieve the profit thrice in order to withdraw it once. While we only need to achieve the profit twice with E2T to withdraw it once. I'd pick either the 150K E2T or the 50K E2T. The 150K is more difficult cumulative return wise than the 50K, But the multiple (Payout / Cost) is more interesting. That being said ... Got funded once with TST but still trying with E2T
Just saw the thread and couldn't resist chiming in. I know it's been a year since you posted, but evaluating prop firm offers is always a hot topic. I think you might like this prop trading firm. FX prop firms, in particular, offer fixed drawdowns and no trailing drawdown, making it easier to get in. The lower limit indicates how many tries you've got before it's better to trade on your own, while the upper limit shows the profit percentage you need to make in a month for trading on your personal account to be more favorable. They call it the Reward-Risk Ratio.
The firm you mentioned , could you share your experience if you have used them? thsy don;t seems to be a regulated broker dealer!
Hey traderjo, I noticed your link went to the Black Eagle website. I have been trading with them for the past 4 years and they are great. But please note that they are not an FX broker. They allow trading of US equities and US options only for now.