What is your problem with e2t? End of day drawdown and 1 step only, in my eyes they are one of the best options in the prop firm world.
Your post proved what I said, most ET traders are ignorant on prop firms. Let me compare these two challenges: ---------------------------------------------------------------------------------- https://finotivefunding.com/ One step challenge: 25000 account, fixed drawdown: 1875 profit target:2500 duration:unlimited price:$150 one time fee ------------------------------------------------------------------------------- Earn2trade One step challenge: Earn2trade 50000 account, trailing drawdown:2000 profit target:3000 duration: unlimited price: $136 monthly fee; ---------------------------------------------------------------------------------- Analysis: 1.finotive drawdown is a little less, but it is fixed drawdown, vs trailing drawdown for earn2trade, so on this respect earn2trade is much worse; 2.finotive true profit target is 2500/1875=133%; earn2trade true profit target 3000/2000=150%, so earn2trade challenge is tougher to pass; 3.finotive price is $150 one time fee, earn2trade price is $136 monthly fee. How many months one needs to pass a challenge? I don't think it is realistic to expect one can make 50% every month. if you assume one makes 20% per month, then he needs 7.5 months to pass challenge, which makes his price totally $1020, compared with finotive $150. So in this respect earn2trade is 680% more expensive than finotive.Besides, once you pass their challenge, and get funded, you will need to pay over $100 monthly exchange fee, which is another disadvantage. To sum all 3 disadvantages for earn2trade, I estimate earn2trade is roughly 10 times more expensive than finotive.This estimate underestimates the impact of eran2trade's trailing drawdown, as I estimate any trailing drawdown is roughly 2.5 times more tougher than a fixed drawdown of same amount. This is what you call a best prop firm? Edit: if you don't believe one needs 7.5 month to pass a challenge, you can ask OP to verify this information. Also I believe in the challenge he passed, he spent less than 7.5 months, but he failed many challenges before he finally passed. So on average he could spend more than 7.5 months to pass one challenge.He could save 90% of his cost if he trade finotive instead.
Finotiv offers only Meta Trader and I assume they don't offer Futures. E2T let you trade real futures in a real live account and they offer a lot of platforms, this is a huge difference.
Any Meta Trader platform offers CFD on SPX500,(same as ES) DOW30(same as YM)and NASDAQ100(same as NQ).There are also instruments on oil and gold.
I used to trade ES, but now trade CFD on MT5. There are almost no difference. And I am allowed to hold positions overnight and on weekends. Also I can trade on news. Overall It is slightly better to trade CFD than futures. If you want to pay 10 times more expensive for a challenge just because it is futures then it is up to you .
There is a huge difference between Futures and CFDs, maybe you should find about it. I wish you the best, happy trading.
You did not trade CFD, how do you know? I traded both,(futures for 15 years and CFD for 3 years) and I tell you there is little difference. Keep your illusion for yourself. Any futures prop firm trader failing to adapt to changing situation will be hugely overcharged.
I know someone who works for a CFD broker, I know how they make there money. Traders loss is the CFD Broker profit, there is a conflict of interest. There is a reason the US banned it.