Hello traders! Does anyone know prop Trading Firm tickticktrader? Who can help me with a reliable one? Thank you for your attention
Depends on the asset class you are looking to trade. I trade with Alkaline Capital currently but they only offer US equities. You can search the forum based on the asset class you are looking to trade
Elitetraderfunding has 75% off until Sunday 8th midnight central. I already have a full hand with three accounts but still tempted to take on one more...or not.
People looking for a prop firm should understand maximum drawdown is the amount of funds you get from a prop firm. A prop firm can claim a 100000 account, but if drawdown is 3500, then it is in fact a 3500 account.Because they never risk more than 3500.And if you lose 3500 you lose your account.This is the key point in evaluating a prop firm.If you can understand this, I will later discuss other aspects in evaluating a prop firm.
Now compare their drawdown and profit target. For example, Apex 100000 account has a drawdown 3000,and profit target of 6000, that means you will need to make 200% profit to pass their challenge. There are many prop firms that only require a 100% profit target. That is why I said Apex is worse. I will say any prop firm asking for more than 100% profit target is worse than industry average. FTMO has a 100% profit target. Myforexfunds has a 67% profit target.
Next, watch for trailing drawdown. Trailing drawdown is much more difficult to pass challenge than a fixed drawdown. FTMO and Myforexfunds both have fixed drawdown.