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Get funded firms 2023/2024 - Any recommendations or words of warning?
When someone goes through my entire post point by point and systematically disagrees with every single one of them, it tells me a lot about that person. Either they're just here for an argument, or they're employed by the company they're defending so vehemently.
I have no interest in having an argument, and am here to share my experiences with funding firms, as the OP has requested some views on this. What are you here for Maria? To defend Tradeday and ignore the facts? It seems that it is you who is being subjective, as I have only listed the advantages and disadvantages, yet you seem to be ignoring them.
For example, you have tried to spin a 10 day minimum to pass an evaluation as a benefit. It's not. Unless you have no confidence in your ability to trade live markets, but for those of us that are confident, it's just 10 extra days of waiting. In comparison, Apex has currently got 1 day to pass, then you can start earning real money. Isn't that why we trade? Personally, I like profit, and would rather trade real money than pretend money, but whatever works for you.
I don't trade major news releases either Maria, but again you are listing a disadvantage as if it's an advantage. The fact is that some people like to trade news, and they are taking away that choice.
Again with the scalping, you are listing a disadvantage as an advantage. They LIMIT you to 200 trades a day. That's not a benefit, that's a restriction. Personally that's plenty for me, but my own personal trading isn't the focus of the discussion. A restriction is a restriction, not a benefit, so this goes against Tradeday.
And you're incorrect, they don't like trades that only last a few seconds and for a few ticks. Literally the definition of scalping. From their help section:
Yes they allow you to choose between sim or live, but you now have to pay a fee for the sim. So not much benefit there, apart from the quicker setup time on the account. Nevertheless, you'll have to wait when you transition to live after making your $5k anyway. Their one huge advantage was that the sim was free, so you could pass and make $5k, but they've unceremoniously ditched that now. I suppose that you will argue that paying $130 is a good thing as you prefer to get charged for something that was previously free?
If you don't want more than one account, then respectfully, you haven't understood the advantages of using a trade copier. Why wouldn't you want more than one account?
On Apex I can get 4 evaluation accounts which gives me $10k of drawdown, for less money than Tradeday's $2k of drawdown. I can get funded in one day. There is nothing subjective at all about this, these are objective facts. The one downside to having multiple accounts is that you have to pay the setup fee on each of them.
Yes I am funded and I also have my own personal account. I also have friends that trade, and have seen for myself how some of them have been treated, hence the post. But we're not here to talk about my trading, we're here to share experiences and recommendations of prop firms. And they all have advantages and disadvantages.
Can you help answer these questions from other members on NexusFi?
That was most unexpected: I thought I had replied perfectly politely (albeit in my third language) and I had intended to, as well as thanking you for your perspective and even explaining why it was advantageous to me, and now suddenly I am either "here for an argument" or I am a shill and a deceiver?!
Curious if anyone have any comments on Earn2Trade?
From my earlier research, they did strike me as the best alternative for futures trading. In short, they have no restrictions on payouts and they will require you to go on a live account after your initial $5K of profits eliminating the conflict of interest that exists with a firm like Apex.
However, make no mistake, I still think E2T is in the business of collecting fees like all other firms in this segment and not really there to fund traders.
Just noticed that nobody seemed to mention them so far, so maybe I'm missing something.
How much could you put together for an account, then?
With intraday margin, you could trade 1 micro for as little as $50.
Sure, you're not making big bucks, but with a $1K account you should comfortably trade 1 MES. And everything you earn is yours. No hoops to jump through.
They had a thread on here for a while where you could ask them anything. They promise to have Tradovate active by the end of 2023, then disappeared without explanation. So, not the best impression to leave on a forum full of traders as it makes them look unprofessional at best.
Well, Mark, even if you did not call @mariafp a "shill", you did say
which is also suggesting she might be, in fact, a shill.
I have no dog in this fight and I don't either agree or disagree with either of you, but I'd like to remind you that there is nothing wrong with disagreeing with anyone's views, so long as the disagreement is respectful, which so far it has been.
Forums such as this one are founded on the very exchange of views.
If we all agreed every day on everything how boring life would be!
Yes I'm well aware of what I said, however I didn't call anyone a "shill" or a "deceiver". Everyone "might" be a shill, but someone who ignores facts that I post and blindly defends a company does raise my suspicions. Or if they're just here to argue and be "right", either way I have no interest in discussing any further as that's not conducive to a reasonable discussion. And I am very careful about what I read on here, as I wouldn't put it past the funding companies to have staff on here or other sites to promote themselves.
I never said there's anything wrong with disagreement, just that I'm not here to argue. If someone goes through my post and disagrees with 10 out of 10 points, then either I'm the stupidest person alive, or they're being argumentative and refusing to acknowledge any common ground.
She couldn't even agree that they don't like scalpers, when they literally have policies listed on their site that go against scalping. 🤷*♂️
I'm sorry, but for me that's not a reasonable discussion and I don't feel that I'm being rude pointing that out. I'll leave it at that.
If you're speculating that someone works covertly for a company, you can't cover your behind because you did not use the word 'shill'. That's like 'have your cake and eat it too'!
You can't have it both ways mate.
Let the mods deal with shills and enjoy the process of debating.
Again, I didn't call someone a shill. Nor did I say they covertly worked for a company.
What I did say was that the blind defending of them means that either they're argumentative or they work covertly for a company.
It's like if I said to someone - "either you're being aggressive, or I"m the king of Mars", does that mean I'm the king of Mars?
Honestly not sure how many different ways to say the same thing? And I was enjoying the process of debating, until you came along and said "I'm not taking sides but", and then took a side.
And I'm allowed to have suspicions about someone, and allowed to express my opinion. I have not been rude to anyone, and it is you who is continuing this.
If you want to block me from the forum then go ahead, I can see that's where you're going with this. I know what I said and how I meant it, and stand by it.
