What is the best prop firm trading in your opinion?

Discussion in 'Prop Firms' started by trader221, Jan 13, 2023.

  1. expiated

    expiated

    Perhaps these are the charts that are built into the Tradiac website, in which case, I don't like them at all.
     
    #91     Jul 10, 2023
  2. expiated

    expiated

    I could be mistaken, but if not, these guys might still be too new in that I'm running into what appears to be bugs or glitches in their platform.
     
    #92     Jul 11, 2023
  3. expiated

    expiated

    The trading platform built into their website, the one I absolutely hate, says that it is MT5, but it certainly isn't the MT5 that I'M used to. In fact, I downloaded MT5 through their website and made a very profitable trade, but it didn't register with their program. For that, I HAD to use their embedded trading platform.

    (The cTrader platform will supposedly be available soon, but they don't say just exactly when "soon" will be.)
     
    #93     Jul 12, 2023
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    expiated

    Support gave me the link to their downloadable MT5 platform, where everything seems to be in order. Unfortunately, it's an hour-and-a-half too late for me to put on the AUDUSD long position I tried to enter early this morning and the USDCHF short position. Thank goodness I was at least long AUDUSD in my Nadex account, resulting in a fast fifty bucks as soon as the USA Core Inflation Rate figures were released.
     
    #94     Jul 12, 2023
  5. FTDK

    FTDK

    I have no experience with these companies but what is wrong with deel? I haven't heard anything bad about them yet.
     
    #95     Jul 12, 2023
  6. In my opinion, it's difficult to determine the "best" prop firm for trading as it depends on individual preferences, goals, and trading strategies. Different prop firms offer varying benefits, such as capital allocation, technology, training, and support. It's important to research and assess multiple options to find a prop firm that aligns with your specific needs and trading style.
     
    #96     Jul 14, 2023
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    NOTE TO SELF: Your thinking that you can only open a maximum of four positions at a time is incorrect. Here are the facts...

    "Lastly, note the Max Open Lots rule. You can open a maximum of 5 lots at a time per trade, but you can open as many positions as you like as long as your margin allows it."

    So...here is the main thing that I personally need to avoid:

    "It is prohibited to use short term scalping strategies, where
    numerous positions are held for fewer than five minutes, to systematically profit from minor price fluctuations."
     
    Last edited: Jul 16, 2023
    #97     Jul 16, 2023
  8. expiated

    expiated

    Why does Tradiac's broker (Scandinavian Capital) have missing candlesticks on their one-minute charts?

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    #98     Jul 27, 2023
  9. Short answer Real live account funding firms are the best.

    From what I've gathered so far there are two business models:

    Real live account: Firm makes money on profit splits so they will encourage withdrawals, the bigger the better for them.
    They are few.
    Exemple : BluSky.pro, Apteros, E2T, etc...
    Livesim account: Firm makes money on subscription fees, reset fees and activation fees, they will generally delay or discourage big withdrawals with some antics.
    They are many.
    Exemple : Leeloo, Apex Trader Funding, Bulenox, TickTIckTrader, etc...

    Most livesim funded accounts are never replicated to a real live account, it's not an automatic process nor guaranteed, it's up to the firm discretion to replicate trades live, so I highly doubt even 10% of livesim funded accounts are replicated to a real live account, so the company doesn't make any profit from the profit split on probably more than 90% of livesim funded accounts.


    Livesim do have a few pros however:

    - You can have 20 accounts in copy trading and not affect the real market with your size
    - You don't have to be considered as a professional trader (when funded on Topstep E2T or Apteros for instance you must), in some countries to trade other people funds you have to get licensed otherwise you'll get fined and shut down.

    That's about it lol

    Now livesim is fine if the funding firm is net positive on subscription fees, reset fees and activation fees compared to payouts.
    But you manage those firms as if it's risk (of going under, changing rules, etc...) and diversify, get accounts in at least one real live account firm and accounts in at least 3 livesim firms, and of course your own brokerage account that you fund with the profits that you can hopefully withdraw in a timely manner from your funded accounts.
     
    #99     Jul 29, 2023
  10. It's Forex CFDs, for reasons explained here they can do whatever they want with it, unlike in futures.
     
    #100     Jul 29, 2023