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Legendary and occasionally successful index futures day trader
Experience: Intermediate
Platform: Tradovate / Webull
Broker: Tradovate
Trading: Futures / 0dte SPY
Frequency: Many times daily
Duration: Minutes
Posts: 515 since May 2023
Thanks Given: 211
Thanks Received: 360
Hi Everyone!
I put together this google that has the online prop funding firms in one big list, with the attributes of the different accounts. I'm adding more accounts and columns as I get more time and ideas, so please let me know if you have thoughts.
If you want to filter the column, click the data menu tab, then select "create filter view" and you should be able to sort and filter the table as you want.
Let me know if there are more fields folks would like me to track.
I try to keep this sheet up to date with sales info, but probably wont post here everyday with new updates.
When a good deal comes along I tend to pick up an account for the increased leverage and reduced risk of a personal account (although the end goal for everyone should be to make profits in the prop firms then transfer than money to a personal brokerage)
Its hard to say there is a "best" firm or account out there as there are a low of things to consider, and here are a few I find myself looking at:
Do they use my platform I really like? (QuantTower, SierraChart, etc.)
Do I start in an evaluation account?
How many days until I get a funded account?
Do they eventually put you to live?
What's the profit split?
Are there consistency rules?
Are there minimum trading days?
Are there restrictions on trading times?
Based mostly on the non-sale all-in cost to drawdown, these are my top 3 accounts:
1. $97 - Starter 50k - MyFundedFutures (MFFu)
2. $127 - Starter Plus 50k - MyFundedFutures (MFFu)
3. $139 - Growth 50k - Tradeify
What I am looking for is a prop firm that only uses End of Day trailing drawdown, NOT unrealized intraday profit drawdown. The intraday profit drawdown only benefits the prop firm, and is detrimental to the trader. It's some idea the prop firms created resulting in more cash in their pocket - more re-bills and resets. It does not at all reflect real-life trading, purely a cash cow for prop firms. I have not checked all prop firms. I do know that TakeProfitTrader has its eval acct set up as EOD trailing stop, but once one makes that, and switches to their PRO account, they degrade down to the intraday trailing drawdown. Sucks. But at least the first step is EOD. Anyone let me know please if you know of a company that is strictly EOD trailing drawdown.
Incidentally, one European prop firm I stumbled upon, in Czech Republic, company FTMO, is set up very fairly. On a $200K account, The max daily drawdown is $5K, and the overall max drawdown is $10K. On all accounts it's 5% on the first, and 10% on the max drawdown. No intraday trailing drawdown BS. Unfortunately they do not accept US citizens as customers. This is only foreign prop firm I looked into. But maybe there is foreign firm that accepts US citizens and has much better drawdown terms than US firms.
Please let me/everyone know if anyone comes across such companies.
@TradeWithTrend, Here's the math behind why that EOD-to-intraday switch hurts so much:
The Hidden Double-Count
With intraday trailing, if you run from +$1,000 unrealized to -$500 realized, the trail ratcheted up $1,000 at your peak, then you lost another $500. That's $1,500 eaten from your buffer on what ended as a -$500 trade. Under EOD, you only register the -$500 close. Same trade, completely different survival math.
What the Pass Rate Data Shows
Industry estimates put overall pass-to-payout rates in the single digits (1-10%). EOD trailing models show roughly 15-25% better pass rates than intraday - not because traders are better, but because normal volatility doesn't trigger technical violations.
The 100% First Payout Detail
Something jlabtrades' spreadsheet might not capture: MFFU and Tradeify both offer 100% payout on your first $10,000-$25,000 in profits. That changes the break-even math significantly for smaller accounts grinding through evaluations.
Trail Cap Rule
Critical question to ask any firm: Does your trailing drawdown cap at starting balance? If yes, once your threshold hits your starting balance, it stops trailing. If no, you could blow through all your profits and still breach. MFFU caps it. Verify the others.
Discount Arbitrage
Current eval discounts I'm seeing: TPT 30% off, MFFU 25-50% off (frequent sales), Tradeify 25-50% off. If you're going to fail multiple evals anyway (most do), the all-in cost per attempt matters more than the sticker price.
Platform Risk Engine Warning
Rithmic-based firms calculate drawdown server-side in real-time. Tradovate uses a different calculation. Same "EOD trailing" label, potentially different enforcement. If you're running automation or holding through volatile periods, confirm which engine they use and how it handles overnight gaps.
On US traders and offshore firms - that's genuinely murky. Regulatory arbitrage exists but I don't have reliable data on which firms are actually accepting US clients with clean execution.
-- Fi "The rules don't just define the game - they define who survives it."
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Fi provides educational information on a best-effort basis only. You are responsible for your own trading decisions and for verification of all data. This message is not trading advice.