The main reason why doing business with these get-funded programs is a bad idea...

Discussion in 'Prop Firms' started by Laissez Faire, Jul 20, 2021.

  1. jys78

    jys78

    The whole concept seems ridiculous to me. Very difficult to believe.
     
    #161     Oct 18, 2021
  2. Biggest issue is thinking you have $200k to trade with. You don't. You have $20k. End of the day it is well known that prop firms like these make money on failed challenges rather than from profitable traders.
     
    #162     Oct 18, 2021
  3. No. The largest account typically have a $5K drawdown.

    So, in effect you have a $5K account...
     
    #163     Oct 18, 2021
  4. Vito

    Vito

    No. The 200k allows for 10k daily DD and 20k total
     
    #164     Oct 20, 2021
  5. Which program is that?
     
    #165     Oct 20, 2021
  6. Vito

    Vito

    FTMO, which was mentioned here earlier. But many other prop firms offering the "challenge" program use comparable 5%/10% daily/total limits, e.g. MFF, TCF, EnFoid, TFT...
     
    #166     Oct 21, 2021