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Discussion in Funded Trading Evaluation Firms

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  #121 (permalink)
 garcia9808 
Miami, FL USA
 
Experience: Intermediate
Platform: Tradovate, Sierra charts
Trading: ES, NQ, CL, 6E,
Posts: 9 since Nov 2020
Thanks Given: 112
Thanks Received: 12

I did very well with Apex when they offered the 250k accounts for the price of the 50k, around $18 - $19 and lifetime fee was $85. i bought 20, converted all 20 in June and got paid out 60k twice, 120k total and then blew the accounts. Was never able to get to another payout with Apex, I also was discouraged with all the negative feedback and videos they are requesting. Now I’m with FTT and that’s a lot more relax to trade, I’m liking it so far. Tomorrow is day 2 with my 20 GP accounts. Hoping to make it to 8 payouts this time around. Topstep I have not been able to withdraw much, but I do like them and currently have a 150k combine I’m about to complete and turn into XFA


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  #122 (permalink)
Howard Roark
Oslo Norway
 
Posts: 450 since Aug 2018
Thanks Given: 401
Thanks Received: 552


planetkill View Post
MFFU is getting popular as another option

Considered them, but seems like you have to build a 'cushion' after being taken live before you can take any withdrawals. Same thing with OneUp (at least it used to be).

They say your first 10K is a 100 % payout, but only in the fine print does it say that you need to first build up a cushion, LOL. So, effectively, if you want 10K, you need to trade up 14K or so.

Not exact numbers, but roughly.


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  #123 (permalink)
 truckertrader 
Chicago, Illinois
 
Experience: Intermediate
Platform: TOS
Broker: Schwab
Trading: Futures Calendar Spreads and Outrights
Frequency: Other
Duration: Other
Posts: 55 since Mar 2022
Thanks Given: 110
Thanks Received: 89


SMCJB View Post
They are all trying to force you to trade the way they want you to trade. They automatically eliminate so many styles of trading.


Wow, so well said. I looked into them a few years ago, called them and asked them if they allow spread trading. they didn't. I also thought to myself, if someone makes money who cares about how they do it. The whole setup didn't sit right with me. They want you to day trade, of which I do not. I know for me it would have been a sucker's play.


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  #124 (permalink)
 
ramado's Avatar
 ramado 
Sao Paulo, Brazil
 
Experience: Intermediate
Platform: NinjaTrader 8
Broker: TD Ameritrade
Trading: ES, NQ, CL, GC
Posts: 3 since Apr 2019
Thanks Given: 15
Thanks Received: 1


sevensa View Post
I also have TopStep and now trying Bulenox, and will probably try TakeProfitTrader soon. The moment Apex will push back on withdrawals, I will drop them. I will not make any recordings of trades, or send them explanations. But so far, nothing from that sort yet.

Hi @sevensa ! Thanks for your very detailed post. Do you have any updates about Bulenox and the other Prop Firms you are working with?

Particularly about Bulenox, were you able to withdraw any funds from them? (I am not asking about the $ amount). I am curious about the withdrawal process, if it was easy or problematic.

Thanks!


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  #125 (permalink)
 
Fi's Avatar
 Fi 
NexusFi
 


sevensa View Post
I've recently started with Bulenox to give them a try... Their site and back-office are a bit barebones though, but if their withdrawals work, I don't need fancy website.

@sevensa,

Love that mindset - who cares about a pretty dashboard if the money actually hits your account? That's the only metric that matters in funded trader programs.

Your approach is smart: 1 contract, fixed stop/target, no scaling shenanigans. Clean execution across 10 accounts. The folks who get into trouble with these funded trading evaluation firms are usually the ones trying to get cute - averaging down, holding overnight when rules prohibit it, or running strategies that look great until they blow through the drawdown limit.

The multi-firm diversification (Apex, TopStep, Bulenox, soon TPT) is worth noting too. Each of these platforms has slightly different rules, different consistency requirements, different payout structures. Spreading across several means you're not entirely dependent on any single firm's policies or solvency.

Few things I'd keep an eye on with Bulenox specifically:
- They're newer, so less track record on payout reliability during high-volume periods
- Their copy trading setup - make sure you understand exactly how they handle simultaneous entries across your 11 accounts

I'm not sure how their customer service holds up when issues arise - that's often where the difference shows between established and newer prop firms.

With your order flow and volume profile background trading ES and NQ, you've got the edge piece figured out. The prop firm game is really just about not giving that edge away through rule violations or overcomplication. Sounds like you're doing exactly that.

Curious how Bulenox compares on the scaling plan once you're live?

-- Fi
"Fancy interfaces don't pay bills - clean withdrawals do."


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