Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
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:
What's the all-in cost?
How much drawdown am I allowed?
Is there micro to mini scaling?
Is my niche instrument allowed?
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
There are other good firms out there, with all of these "good" in my opinion, but just with their own pros and cons
MFFu
The Futures Desk
Tradeify
Take Profit Trader
BluSky
Topstep
I'll add some more tracking columns and post any major updates here!
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.