Futures Prop Firm Review | I was WRONG!
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- Опубликовано: 5 май 2024
- I may have changed my mind on futures prop firms and here is a review about it
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I’ll be following along on your journey! Good luck on the futures side!
@@JaimeGarcia-kx8cs They are at @KimmelUnscripted
Yeah I was confused about that too. Thanks for the vid.
Kimmel do you have a 'how to trade futures' video?
As i trade forex and know nothing about futures, contracts etc etc
Cheers
The video you're referring to shows in benzinga
the owner of Apex giving cautious advice to the interviewer. He says something like, "Take it easy. We give you an account of $300,000 and 30 mini contracts, but the ideal will be for you to make, for example, a buffer of about $65,000 and then start increasing the contracts." Essentially, he is recommending to the interviewer not to use the entire account and all available contracts at once, but rather to reserve a significant portion as a buffer to guard against losses and gradually increase exposure as they gain more experience and confidence.
Very informative Kimmel !
Yet to sww anybody get a payout from any prop firm..
Can you explain this by writing like the previous video on chart
YO @KIMMEL WHEN THE NEXT LIVESTREAM? WE MISS YOUR DEEP AND WELL THOUGHT THROUGH INSIGHTS....!
Today? 👀
i like Your videos .. they are like news update on Prop Firms industry :)
🙏
As a non-us trader, I prefer CFD firms all fucking day! the business model is changing, they will add maximum profit in funding accounts, and I'm still cool with that! 5% per month with big capital is my goal!
Facts.
100% me too
@nadimimani so what are the examples of cfd firms?
Who tell u they will make this 5 percent u say
@@CzarinaLouaniAndrada FTMO Funding pips alpha capital etc
what camera are you using , its so crispy
Sony a7IV, with an amazing 50mm f1.4 lense G Master (the lense does a lot of the heavy lifting)
Trades by Matt is awesome and you are right.... apex and futures is a different way of thinking. Love your videos!!
Trailing stop in topstep stops once you reach 2k not 3k in the 50k account.
Does that mean when you have 2k in profit you can theoretically lose 4k before they take away your account?
OneUp Trader How is that ?
One of the big things that you're still not realizing is the eod drawdown versus the interday trailing w/ Apex. Literally the only advantage that Apex has is the 20 account limit and copy trading, without that It's not even a competition.
The trailing drawdown stops after $100 of profit on a pa account if I’m not mistaken
you are from Portugal right? How this Apex international withdrawal policy working out for you? Any delays or problems?
Haven’t gotten any withdrawals from apex
I am in uk and have had successful withdrawal thanks
Top step trading conditions are harsh , u have to make $200+ 5 days (not consecutive) before a payout (every single time you want a payout btw) and you only get 50% and to increase your split you have to have had 30 days of making $200+, it doesn’t have to be consecutive but it’s terrible and then also you cannot withdraw all of your profit, if u make 4500 and take it all out, your account will be closed because your profits is essentially your drawdown as well, so whatever u leave in there, is your cushion, terrible terrible rules I do not recommend it
Thank you. Didn't know that
The way I like to see it is this:
Futures prop firms are 2 step challenges masked as a 1 step. Why? Because you can't withdraw until you reach the amount of your available drawdown in profits, so I always see that "profit" as the second phase of the challenge and therefore I don't like to see it as "my money" (and use it as buffer), only the money after that
Exactly! I blew my funded accounts with apex because i could not get through the trailing dd. That don't make any sense. They put layers of pressure on traders just to not pay them.
Except with MFF you can withdraw within your buffer one time and there’s no consistency rule on expert accounts which is why I like them best. If you’re a good trader you can get paid out thousands within two trades off a 120 dollar investment
Plz explain me what is the mean of 150/month for a specific plan like is it mean that I have to pay 150$ every month until I passes the account?
Yes, you pay monthly
What’s maximum loss
In reality its about business, sure you need to follow rules but this goes everytime you borrow money for your business such shark tank tv show, loans, credit cards etc.
I do the 25k the draw down is 1500 the target is 1500...I can trade 4 minis max...witch is plenty...I actually trade micros like trading with Travis multiple accounts running micros adds up fast and much safer
We believe you
🙏🙏
Their buffers will one day disappear when the firms close down. Take your money and RUN?
although I agree with you that Apex is one of the best futures trading firms out there, I have a couple of issues with their business model: first is the unnecessary hurdles to be paid. The required minimum balance (above the dynamic trailing drawdown) combined with minimum trading days, etc. makes it quite difficult, especially for new traders, to get a payout once they are in that phase. Second is the unnecessary 30% consistency rule. They argue that they want consistent traders, not gamblers, but then immediately they offer a one-day to pass promo in the evaluation accounts which is an invitation to take unnecessary risks and gamble just to try to pass in one day.
Well considered post.
Apex like MacDonalds is a business with shareholders or owners. It’s designed to make money. Their model is for 95% to fail initially or progressively as rules are updated. Cash cows, designed to make a lot of money quickly. Once they mature they will no doubt evolve their model.
@@mikozaire58 if your profits depend on your customers failing, then your business model is doomed to fail too. but, just like you write, they will evolve. I hope they do. Until then, I'm not touching Apex not even with a 10-ft pole.
wat i have learned from future props is that they actually seem to teach good habits and promote trading smart with good risk management also praising good trading
Agreed, TopStep doenst allow the 1 Day pass which is a benefit for people to be honest
u cant full margin in futures because they have consistency rules
within the same prop, why aren't the rules similar/proportional across all account sizes?
Because lower account sizes have lower risk
@@KimmelTrading how so? Some of people are copy trading 20 50k accounts raising the firm's exposure to 1 million
@@steelslingshot Because while 100 try, 99 fail
@@KimmelTrading yes but that applies to all account sizes so the question remains. Seems to be more of a marketing strategy imho
I was bitter at first when sft went under since i was 4% profitable about to pass my eval. Switched over to futures being the US i didnt have a choice. One month later I just got funded for my first time ever after trying for 3 yrs. To your point my goal was to get funded and swing for the fences and get a huge oay iut and leave. With futures my approach is more long term amd seeing i can make alot of money eith just 1:1 and 1:2. Im not attempting 1:10s as it doesnt fit my plan. Futures is the way. blessing in disguise
Congrats!!
7:13 if firms offered security, then a lot more people would be doing that method, but it’s safer to just take money out
The trailing drawdown also stops trailing at $50,100 once you get to $52,600
Changed the game once I understood this
they don't allow swing trading which a big blow for me
Yeah, I believe no futures firm allows swing trading
@@KimmelTrading that's really sucks i hope they change that rule
One step accounts also work like that man.... still you don't know much about cfds 😅
I don't really care was the highlight of the video!!
It's not really a "$50k account", it's $50k worth of Buying Power. It's really a $2500 account.
thanks sherlock
Kimmel do you like bring me the horizon? I could have swore I heard you hum sleepwalking, on one of your lives lol
Hahaha, old bring me the horizon was great
@@KimmelTrading bro sempiternal was their best album 🤘I’d be listening to that album when I trade London session lol
having trailing drawdown that locks in at starting balance forcing you to keep a buffer out of your own profits made = means exactly = that you're better off trading CFDs on a broker with your own money using more leverage and getting 100% of your profits and not paying any monthly fees
I said it and I'll say it again, it's a shitty deal to pay for even if you don't have a choice, at least with like FTMO you pay 500$ to have a chance of getting 10,000 to play with and can withdraw without needing to keep a buffer
No wonder they say it's real accounts! like why not? it's only your profits at risk, if you lose your profits you lose the account
3%-5% Trailling Drawdown is just a scam
Yeah, compared to CFD firms, for sure
but LOVE FOREX CFD .
Futures props make us appreciate CFD props so much more hahah
still 5 Eras and alpha capital living in this hard prop time
Precision Funding is the new best futures prop firm they’re taking down apex
I blew my apex funded accounts. Their rules on funded accounts make no sense. We still have to get pass the trailing to consider having a payout. They are putting too much pressure on traders, just to not pay.
Ive been trading with apex for 2 years, i have never heard of anyone not getting paid out?
Have multiple accounts and trade them separately
@@jerimyganut3652this guy just isn’t that good of a trader and I think is upset because he blew his accounts. Maybe he’ll get over and adjust his trading to fit within the rules of the firm he chooses to use!
Trade with precision Funding they’re better
I forgot, they want you to trade for 10 freaking days to request a withdrawal!! For people looking to only trade A+ setups, that's gonna be an issue as they will spend a very long time before thinking about a withdrawal. I mean pretty much nothing in the apex model is in the traders favor.
Bro not even a US trader he just tryna ride the wave smh
Yes. That's been my goal since last year. Not that I'm better at spotting when to get in the market and have gotten more patient that is my goal to get multiple prop firm accounts and go for $500-1k/day x15 50k accounts and that is good living. Good video
Always changing your message 😅😅
That's how life goes
Your revelation is not a difference in CFD V FUTURES Prop Firms. It’s a shift in your perspective from short term gains to long term account management.
Many people have prop accounts which they keep in profit as a buffer and then compound their monthly 2-7% profits only taking what they must from the account.
Looks like your perspective has matured or you have been surrounding yourself with more intelligent people.
How’d you get the 80% discount, they’re still tryna charge me 167 dollars
Type coupon code pw
@@dheerajchoudhary5138didn’t work??
FInally you saw the big picture ;)
;)
Just had to dive deeper
Futures Firms have always been confusing to me but you have shed some light into how they work on this video.
Gotta play by the rules
Love to hear that!
Teaching to be a consistent trader is a benefit to all, weeds out the gamblers. If people want to take this seriously it's a great career.
Top step has atrocious rules
Acabei de abrir o RUclips thanks tuginha
🙏🙏
APEX is Legit. Rules are simple..
Yeah, I was the problem before
#2273
the CFDs firms are the kings
Yes but they should reduce the evaluation cost. If after funded we benefit together then no need to raise prices to 500$ for 100k evaluation.
These futures prop firms are regulated and got more funding but sell the evaluation cost to 19$-50$ for a 50k evaluation.
@@snypertrade i think the price are good its only 0.5% PROFIT on fundedd accnt
I have a big tip for everyone following this guy, including the creator of this video: don’t think too hard, your might hurt yourself 😂😂😂😂 good luck on your 5% a month on your 100mil account when you hit your 20% profit target on those prop firms 😂 maybe think about how you need to trade well and be able to make a lot of money instead of thinking “I can make x% every day so it’s just common sense I’ll be able to make 50% of a million a month” lol no one is waiting for CFD firms to come back. Forex is garbage. Futures is for adults. Forex is for children.
Yet futures have some forex futures and some crypto futures. Even in the USA to get tax benefits so basiaclly futures is the way to go be cause its like all in one package.