FTMO is a Forex funding platform. It is only for Forex. If you are using them as an example of what can exist in terms of funding that makes sense, but we serve two completely different markets.
FTMO are not only for Forex. You can trade Indexes with them although this is admittedly via CFD’s not futures as per Earn2Trade.
We don't, but we are a US company and CFDs are not a direction we would ever encourage any of our candidates.
Fair enough. I’m no proponent of cfd’s myself. But your point was that a competitor was purely a Forex outfit when that wasn’t the case. Anyway, just keep encouraging potential candidates to undertake your evaluation with trailing draw down on unrealized profits....
Honestly, in my opinion it would be better if it was just Forex. And yes, we will continue to encourage candidates to undertake our evaluations.
Nevertheless traders have a choice--whether it is forex, futures or stocks. Nowadays with the right broker anyone can take $3500 of their own money (i.e. the trailing max drawdown amount with most funding companies that offer $100K challenge and funding accounts if you pass challenge) and once you have made more than $3,500 profit in that funded account 9 times (or more) out of 10 (in my my opinion) you are better off just withdrawing the $3,500 or more in profits) from the funded account and depositing it in your own trading account with a broker (like Tradovate or others that offers risk management and auto liquidation settings that mirror what these funding companies mandate in your account) and have that broker apply the same risk management and auto-liquidation parameters that most of these companies mandate on your account so you would then be trading with the same max lot size, max daily loss and max trailing drawdown and other risk parameters that you would in your funded account with one of these companies except now you dont have to pay someone 20% on all your profits because as they are currently constructed--if your trailing max drawdown is $3500 in your funded account and if the rule in the funded account says that your trailing max drawdown is eliminated once you have made $3,500 in profits and now your max drawdown becomes the $0 line (essentially $3,500--you are now trading with your own money from that point on only)---then what is the point of leaving it in the account VS withdrawing and setting up a broker account with same risk management and auto liquidate parameters and not paying 20%. In my opinion the only reason to stick with the funded account company at that point rather than withdrawing and setting up your own account with a broker who can mirror the same risk management parameters and auto liquidation settings --is IF that funding company offers a clear path (upfront, in writing at the start of the funded account) on what metrics you need to perform at over time that will lead to you getting a substantially increased account size (and actually specifies what the increase will be in account size for meeting or beating these specific metrics over ___ specific time) and more importantly they also increase the fixed drawdown, increased max daily loss - etc. to the same % that the account size is increased ---(example --they increase your account size 25% then your max daily loss is also increased 25% and your max fixed drawdown is also increased 25%) the only other company I know of that does that to a certain degree besides FTMO is SMB Capital
It won't be the same. Trading under a company will force you to be more desciplined. If the trader never succeeded by himself there is no garantue that he will follow the same rules he is using under the trading combine. meanwhile if the trader is already successful under the combine why change? If it ain't broken why fix it?
I respectfully disagree. There are many brokers who can set up an account with the exact same risk management and auto liquidation settings so in that respect your account would be locked if you lost more than ___ (your max daily loss limit) and your account would be auto liquidated as well if you violate the trailing max drawdown set up with the broker. You can also set up various other risk management parameters with the broker. You could also set up with your broker that these risk management settings cannot be altered or changed by you (or that there needs to be at least 48 hours notice) - or something along those lines so you cant just change it willy nilly or else what is the point of setting them up in the 1st place if you arent willing to live by them. The point is that you CAN set them up with your broker to mirror the funding companies parameters "It won't be the same. Trading under a company will force you to be more desciplined. If the trader never succeeded by himself there is no garantue that he will follow the same rules he is using under the trading combine. meanwhile if the trader is already successful under the combine why change? If it ain't broken why fix it?"