Most others have $3K as a target, so that's still better. That being said, I don't care about data fees, because by the time you reach the live funded account and have to pay those you already have withdrawn profits, which can be used to pay the fees. So I prefer the one with the most realistic rules, increasing the odds of a trader reaching the live stage and being able to withdraw profits.
Just picked up a $150k eval from them. No daily loss limit and no consistency rule in funded. One of the few prop firms that allow you to go for home runs.
Stopped watching after a few minutes. Sounds like this guy is talking about CFD and FX firms only. A futures prop firm that actually offers live accounts will never ban you for being to profitable, quite the opposite actually, they will allow you more risk/more size if you are doing well. Of course there are firms out there that don't offer live accounts, but that's just dumb on the traders end if you go with those kind of firms. Also funny how he mentiones Funded Engineer as the only firm out there he knows that's legit, yet they are bankrupt right now ...
if you watch videos from that channel you will see that he is one of the few that is not full of shit in this business. But it is up to you, it is all fine if you don't like the video.
This seems to be the "key point" that so many participants in forum discussions of this subject fail to appreciate. Yet it's such a simple point: is the company incentivized for you to win, or to lose? That's Youtube "information" for you. I'm not part of the target market for these firms, but if I were, Tradeday and Topstep would probably be the only two I'd take seriously.
In all fairness, I have heard many times that Topstep does a fair job and is a reliable firm. So there is that.
As far as I can tell, Topstep is the #1 choice among these bucket shops. However, it's not clear to me which #2 is? I'm looking for that #2 to expand my portfolio. A requirement would be that I can copy-trade at least 3 accounts and as little restrictions as possible on trading and getting paid. I may even be looking for a #3 at one point. PS: These firms are a means to an end for me. I have no illusions about being actually 'funded'.
I think they are for everyone, aren’t they? Nobody would want to stay with one long-term, giving up a proportion of their profits unnecessarily? They’re purporting to be for a specific niche: people with trading skills but without capital (though the great majority of their customers doubtless have neither)?