Prop Trading Firm TickTickTrader

Discussion in 'Prop Firms' started by William Amaral, May 5, 2022.

  1. Hello traders!
    Does anyone know prop Trading Firm tickticktrader?
    Who can help me with a reliable one?
    Thank you for your attention
     
  2. mikeriley

    mikeriley

  3. wmwmw

    wmwmw

    Tickticktrader is bad.
    Apex trader is worse.
     
  4. 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
     
  5. s trader

    s trader

    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.
     
  6. traderjo

    traderjo

    Reasons? first hand exp? or based on Terms and Conditions study
     
  7. wmwmw

    wmwmw

    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.
     
  8. traderjo

    traderjo

    True Apex drawdown is in that category :(
     
  9. wmwmw

    wmwmw

    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.
     
    Last edited: May 9, 2022
  10. wmwmw

    wmwmw

    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.
     
    #10     May 9, 2022