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Get funded firms 2023/2024 - Any recommendations or words of warning?


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Get funded firms 2023/2024 - Any recommendations or words of warning?

  #1 (permalink)
Howard Roark
Oslo Norway
 
Posts: 439 since Aug 2018
Thanks Given: 393
Thanks Received: 532

Hello guys,

Iím reluctant to call these prop firms, so I prefer to call them evaluation companies for various reasons. Iíve had some limited experience with these type of firms in the past Ė even funded by two of them. But itís been a while since last time I looked into them.

Rationally, my preference have been the firms that actually set up a funded account for you as that does not introduce any conflict of interest between you and the firm (if youíre in a simulator account a profit for you is a net loss for the firm).

So, curious if anyone can make any recommendations in 2023? It would be preferrable if you had actual experience with said firm including withdrawing money.

The last time I looked into it, it seemed like E2T was the best choice for various reasons, but there might be better options these days.

PS: Iím primarily interested in futures, but feel free to recommend other firms too for the benefit of everyone reading.

Thanks in advance.

Howard

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  #2 (permalink)
 kremat0r 
Prague, Czechia
 
Experience: Intermediate
Posts: 69 since Jan 2019
Thanks Given: 12
Thanks Received: 58

US futures or Europe?

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  #3 (permalink)
Howard Roark
Oslo Norway
 
Posts: 439 since Aug 2018
Thanks Given: 393
Thanks Received: 532



kremat0r View Post
US futures or Europe?

US futures for me personally.

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  #4 (permalink)
 
Successlife's Avatar
 Successlife 
Any part of the world.
 
Experience: Master
Platform: Iq feed- Ensign
Trading: ES
Posts: 68 since Jul 2009
Thanks Given: 2
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Stay away to EARNMAX- 100% Scam !!
I cant withdrawal the profit.-

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  #5 (permalink)
 planetkill 
New York City + NY/United States
 
Posts: 353 since Sep 2018
Thanks Given: 108
Thanks Received: 302


Howard Roark View Post
Hello guys,

Iím reluctant to call these prop firms, so I prefer to call them evaluation companies for various reasons. Iíve had some limited experience with these type of firms in the past Ė even funded by two of them. But itís been a while since last time I looked into them.

Rationally, my preference have been the firms that actually set up a funded account for you as that does not introduce any conflict of interest between you and the firm (if youíre in a simulator account a profit for you is a net loss for the firm).

So, curious if anyone can make any recommendations in 2023? It would be preferrable if you had actual experience with said firm including withdrawing money.

The last time I looked into it, it seemed like E2T was the best choice for various reasons, but there might be better options these days.

PS: Iím primarily interested in futures, but feel free to recommend other firms too for the benefit of everyone reading.

Thanks in advance.

Howard

I think if you search through the forum and others, plenty of people have had their fair share of problems with both E2T and TopStep, so not sure if there's truly no conflict of interest.

Personally, I prefer Apex because of how big they are, how many new people they attract, and how new people love maxing 20 accts. They've never not paid me out on time and without issue.

I think the #1 factor to consider is the revenue of the prop firm, to ensure they have good inflows for payouts. For example EarnMax is new and small so not surprised they're delaying payouts.

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  #6 (permalink)
Howard Roark
Oslo Norway
 
Posts: 439 since Aug 2018
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Any news here in 2024?

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  #7 (permalink)
VirtualMark
Birmingham, United Kingdom
 
Posts: 75 since Jul 2022
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Topstep handicap you once you pass your eval. They make you start with only a couple of contracts, and even if you trade micros it's not 20 it's 2 micros! You'd think that it'd be 10 to 1 minis to micros but they don't do it.

Apex seems to be the best, although they have a huge list of reasons buried in their terms about not trading different sizes, not trading the market open, not trading different plans etc. So they could feasibly deny you a payout for any reason. They also remove trades that don't fit into your plan(according to their own video), so you might have to justify why you took a trade if it's a large winner.

Tradeday were one of the best, but got rid of one of the better reasons to go with them - they used to have no fee when you passed but have now added a fee. If you go the sim route with them you can only earn $5k before they put you to live, meaning you'll have to pay professional market fees of $130+ a month.

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  #8 (permalink)
Howard Roark
Oslo Norway
 
Posts: 439 since Aug 2018
Thanks Given: 393
Thanks Received: 532

Thanks, VirtualMark. That's a good summary.

Apex seems to have too many red flags for me. Maybe I'm just stubborn, but doesn't seem worth my while.

Still think E2T seems decent, but not so sure any longer.

Do you happen to have an opinion on OneUpTrader?

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  #9 (permalink)
 planetkill 
New York City + NY/United States
 
Posts: 353 since Sep 2018
Thanks Given: 108
Thanks Received: 302


VirtualMark View Post
Topstep handicap you once you pass your eval. They make you start with only a couple of contracts, and even if you trade micros it's not 20 it's 2 micros! You'd think that it'd be 10 to 1 minis to micros but they don't do it.

Apex seems to be the best, although they have a huge list of reasons buried in their terms about not trading different sizes, not trading the market open, not trading different plans etc. So they could feasibly deny you a payout for any reason. They also remove trades that don't fit into your plan(according to their own video), so you might have to justify why you took a trade if it's a large winner.

Tradeday were one of the best, but got rid of one of the better reasons to go with them - they used to have no fee when you passed but have now added a fee. If you go the sim route with them you can only earn $5k before they put you to live, meaning you'll have to pay professional market fees of $130+ a month.

I'm still with Apex and like it the most! Although I am also copy trading to multiple other prop firms just in case too, including Earn2Trade and TopStep. It's better to diversify prop firms for payout risk.

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  #10 (permalink)
Howard Roark
Oslo Norway
 
Posts: 439 since Aug 2018
Thanks Given: 393
Thanks Received: 532



planetkill View Post
I'm still with Apex and like it the most! Although I am also copy trading to multiple other prop firms just in case too, including Earn2Trade and TopStep. It's better to diversify prop firms for payout risk.

Cool.

Curious - did you get anything in payouts already?

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Last Updated on April 5, 2024


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