Futures Prop Firms - Honest Review (Topstep, Apex)
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- Опубликовано: 13 май 2024
- An Honest review on futures prop firms, and why I don't like futures prop firms topstep apex trading.
Mentioned Firms:
🔮 My Funded Futures - bit.ly/MyFundedFuturesProp
🔮 Topstep - bit.ly/topsteprk
🔮 Apex Trader - bit.ly/apexrk
🔷 Alpha Capital - bit.ly/Alphacapital (Code: Kimmel)
📕 Tradezella Journal: bit.ly/TradeZella (10% OFF: KIMMEL)(20% OFF YEARLY)
Trade Copier I used: tradersconnect.com/?ref=kimmel
Free Telegram: t.me/+5ubmydXPKpBmYjE0
SOCIAL:
📸 Instagram - / kimmeltrading
🐤 Twitter - / kimmeltrading
DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational and entertainment purposes ONLY. I'm simply documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility.
The links above help me to keep creating content, they are affiliate links. Thank you!
#ForexTrading #ForexJourney #ForexTrader 
Развлечения
Make sure to let me know your opinion on them check out the links in the description
🔷 Alpha Capital - bit.ly/Alphacapital (Code: Kimmel)
📕 Tradezella Journal: bit.ly/TradeZella (10% OFF: KIMMEL)(20% OFF YEARLY)
but you still have to do trading in this prop firms, right?? because you are an american
No, I am not american hahah@@luisbarbosa8136
Do you own part of The funded trader ?
@@KimmelTradingyour apart of the TFT scam, aren't you...or are you not? People would love answers.
NO! IDK WHERE THIS IDEA CAME FROM@@brandouglas99
Man I like your videos BUT: You don't like these firms, and yet you keep them as an affiliate... But I get it, whatever makes money to your channel right? But I think you can't compare them to CFD/Forex prop firms. Futures are different, and trailing drawdown actually forcing you to take smaller trades and be consistent and not be a "prop gamer". I got multiple payouts from TopStep, and I actually welcome all these trailing rules, makes you manage risk much more disciplined, and it actually locks in after a certain amount. Overall I disagree a lot with your opinions in this video. I think sooner or later you'll also be trading with these prop firms anyways. No disrespect to you though, and keep up the good work! Peace! 🖖
It is just harder for gamblers, who want to get lucky and get a big payout. With this rules, only the real profitable traders get paid I welcome this rules for this!!
Exactly my thoughts ! How you mad that the drawdown is set at 0 and that you have to keep your own buffer🙃🙃it’s like how you think it works with your own live account? Same thing
@@McTacker so risking 1% to make 5% of $100k is gambling? truth be told these prop firms make money when you fail and oy pay you from other failures that didn't make the challenge so they don't ant you to make $3k per trade so you don't bankrupt them
I think its time to start disrespecting him now though, due to his support for TFT despite them clearly been abunch of crooks. As you said affiliates that pay him handsomely, and that money is coming from the traders that are getting conned by TFT, and kimmel is a bigt piece of the picture with TFT
Bro… he is already trading with them and he is very open about it.. he has a whole fcking series using my funded futures…
Saying futures firms have worse conditions than forex firms DOES NOT mean you cannot take advantage of them. It is just more difficult 👍🏽
Keep in mind that topstep is also registered in the US. And since a lot of US citizens have been banned from cfd forex prop firm platforms lately, they are allowed to trade with topstep futures, without losing their accounts for being a US citizen or being denied payouts for the same reason. Which is pretty important, especially for peace of mind. Bottom line is that since the recent crackdown is affecting US citizens trading cfds, it is ok for US residents to trade futures on topstep.
Just what regulation do you refer to? Sim firms are not regulated. If you trade real money that has to be a real broker account which will not be the corporation as the Sim account.
do you get? the us citizen is getting choked out...
what is their license number?
People will find any way to complain about something no matter what. If you don't like the prop firms, USE YOUR OWN CAPITAL. Traders are way too spoiled nowadays. No one is forcing you to use any of these firms, they are providing a service for a fee. Or, you can go back to forex prop firms, but we all know how untrustworthy they are at this point. If you cannot manage your risk to survive a trailing DD, you simply are not good enough to trade for these firms. Besides, it stops trailing once you reach your initial balance + DD, making it only an inconvenience during the first few % profit on the account. It really is not that difficult. Don't complain about not being able to overleverage and pass an account in a couple days. That is not how trading is supposed to work. smh
Futures firms are as much untrustworthy as fx props. What makes u think futures props are more legit in any way?
Yes, keep to the status quote comment. I have been waiting for this one. It never fails to appear.
@@cjahan1name one futures firm that went down because of regulations with the US
@@cjahan1 2 words: US Regulations.
mf all ways crying!
Just adjust your trading;
- Lower RR
- Tight management
- Risk less
- Limit your trades per session
If you’re unable to do that then it’s tough, these firms are made for scalpers by all accounts.
You dont understand the point.
@@dataanalyst9343 I understand perfectly. Trailing drawdown is purely based on risk tolerance. Above I have suggested ways to adjust your risks to counteract and comply with trailing drawdown. Currently 6 figure funded with apex, and growing. The trailing drawdown is no issue when you adapt.
It’s for scalpers absolutely
Only people that cant really trade complain about these rules. He just a gambler
@@Kloutkulturei’m scalping gold with 1 contract per account. 10 ticks and i’m out. Do that 2 times a day with 20 accounts on a trade copier. Couldnt be easier no?
I’m taking payouts on all 3 and I hear your frustrations but once you get past the trailing it’s not that bad. The consistency rule is not a hard and fast rule either they are really just trying to weed out the gambler’s not people who are holding their winners and risking fair amounts..
@@Layllbroski like JadeCap said in the video - not trading too big and not letting winning trades come back. Once you get past the trailing it’s not so bad. Best to NOT rush IMHO
These CFD traders are a joke. One day they’ll realize.
Kimmel, I advise you to go for lower accounts. If you have a 50K Apex account, you have a 5% DD, so even if it trails you have plenty of room. It forces you to go for lower RR like 1:2 RR and consistently taking profits! Also build in a buffer where it stops trailing and you are good to go. Takes a while, but if you want to trade without any trailing DD it's the way to go!
Ya but these futures prop firms don't even give you a refund after all the monthly payments, you even have to pay a stupid activation fee , you never see that money again , what a joke 😂
@@hermanlemmer1968 And that's why they don't have cashflow issues and you hardly hear about denied payouts. Refund fee is one of the biggest reasons these forex firms are running into issues right now when sales volume is low. Pretty soon most of them won't refund the eval fee either.
cool so you can get a buffer? I was wondering about that. do you know if I get my 50k acc to 55k and withdraw 2k will my dd be at 54.5k? or at 52.5k?
✍ JadeCap said it best. The drawdown rule forces you to be less greedy and take profits when provided.
That attribute could be the difference of being consistently profitable rather than being a gambler.
but is very draining..
Basically it’s made for the scalper and short intraday trader
this
100% I went from trading forex on the 1hr chart to going to scalping the 5m for futures. It's something I've done before, but certainly made for scalping.
The only way to trade futures is to intraday trade or scalp! Every position needs to be closed over midnight.
@@KackulatedTrader absolutely it is perfect for scalping and you actually don’t pay much commission. Forex firms are bad for scalping due to fees. Use them all. It takes some time to learn what to do with each firm. You have to trade differently with each
Exactly I don't know why people have been promoting these as if it's great for everyone, it's not.
This is exactly how I felt when I was looking for a futures firm. Too many rules that are easy to breach and profit targets and loss limits are just ridiculous. I can trade nasdaq on a forex prop firm just fine.
i don’t understand how y’all think there are too many rules. there really is only one, don’t hit trailing drawdown.
To me future prop firms are easier to pass the forex prop firms I failed so many times with forex challenges . I passed 2 futures ones so far
✍ BTW trailing drawdown isn't the main problem. It's okay somewhat. But the main problem is monthly charge for the challenges. This model is really okay if you can finish within a month. I do think that's possible if we allocate more time for trading in the month.
✍ I had a funded acct with Apex and lost it because of the trailing draw down. So I understand your dislikes and frustration towards these futures prop firms. (Since there is more demand for futures prop firms due to US traders moving to futures) HOPEFULLY we will see more futures prop firms appear to compete with the current 3 giants, and offer better trading conditions and rules.
✍ Do you think the CME price data fees are a factor for these future prop firms to charge on a monthly basis? Then why not charge that amount only? BTW why trail drawdown, what is the reason?
You forgot the absolute worst parts:
1. You can't effortlessly straddle or hedge... it's either buy or sell, but not both. Can't hold an active buy and sell at the same time. Especially on tradingview.
2. Holding trades overnight will cost you your entire drawdown capacity😂
Yes, because the margin required for overnight holding is very big
1st part shouldnt even matter if you are a good trader and 2 lies i wouldnt trust your trading advice
I like the background music, good choice Kimmel
Explain how Apex is able to payout $130 MILLION dollars in under 2 years if they are so horrible? That's more then almost all forex propfirms combined ✍
the same way trading influencers can have such luxurious lives while they are not profitable at all. There are too many sheep and fools in the trading space
Who verified those payouts anyway 😂
any proof or just blind believing in those stats? people are so naive…
Tft did over 150 mill so your math is a little off... ftmo is over 130 mill alone...
Honestly, it only makes sense that Apex has the highest payouts… think about it, more accounts which can be traded simultaneously will have a larger return than 1 standard account. Say for instance, 1 standard account with a return of 2k monthly; this would be 20k for someone copy trading on 10 accounts.
Wait has Kimmel showed consistent pay outs from prop firms? I just seen certificates he’s passed but nothing that he got paid out
Thank you great info and summary. Cheers
You’re the reason I bought TFT account… I got funded and It’s time for my 2nd payout but I still dint receive my 1st payout from a month there is no response to my emails still am account is active and I can trade but there is no point because they don’t deposit payouts… stop scamming with firms like TFT
TFT just posted on their instagram that they shut down all operations for unknown time
Now we know why.. Of course he made a video on that like he was shocked.
they are scammers like all of them
✍🏽✍🏽 my opinion on futures firms is that they do make you trade more conservative like Jadecap said. The trailing downdraw is scary but it makes you take your trades in profit, and have tighter SL. I have ran into that with some forex props as well though. I’ve only been funded with a 10k forex prop firm account but with the recent issues with American traders I have looked into futures and got one with apex. It has me more in the zone when trading but also I feel like I can relax since it is monthly and not too costly for the 25k account I’m trading on. My question for you is (even though you’ve touched on it) can learning ICT make me become profitable with trading futures contracts such as Es micro and other indicies ? Thanks ✍🏽✍🏽✍🏽
Lol, these equity drawdown rules are basically TFT's Knight Challenge. No wonder TFT is dogshit right now, they not only give the worst challenges they also deny legit payouts.
100%, I always hated any 1 step challenge
trade your own penny’s then.
Ill never go back to fx after trading futures.
Same here bro...its the manipulation in fx for me..
Future are not manipulations free
@@kingk7613 lol all markets are manipulated. Thats how they move
@@aldopercussion642 just like anything else, if you buy enough and sell enough you get the privilege of manipulating the market...
@@aldopercussion642that’s true but the manipulation will never be in the charts because on TradingView don’t matter if its demo or not you’re trading the live chart.
You led people to be scammed by tft.
Did he tell people to sign up or he simply reviewed the propfirm and interviewed it's CEO???
Difference is that futures prop firms are targeted for very high win rate scalping strategies similar to stock traders. I only risk 2-3 contracts on e-minis on the 5m while waiting for candle confirmations and a closer stop-loss. I have to admit coming from forex doing 1hr entries, it is an adjustment, but understandable. It is a different type of playing field, and we must adjust.
Are these simulated capital or real capital after passing evaluation?
So did you pass or fail your futures challenge ?
✍️ we have to just play the game to get to a large personal account to trade from with our own rules
Thanks for the information man ✍
what your opinion for TFT
Will post about it soon
@KimmelTrading you said you don't like them yet your dropping an affiliate link lmao
✍️as a scalper I don't suffer much with the futures prop firms especially as I mainly trade nasdaq... the drawdown rules I do find crazy on some of these firms and it's as though they are structured for me to lose.
Thank you for sharing this video, a lot of value and info many channels don’t share.
✍️Thank you Kimmel, big fan! I am one of the many US traders that had to transition from Forex to futures due to the recent regulation issues and metaquotes being no more. Its funny that Apex seems to be the most challenging and also the firm i tried first! I really appreciate the advice Kyle gave about utilizing 1mini then trailing the stop so as not to lose your account from unrealized profit reversing! I also think utilizing micros helps mitigate some of your risk a bit better. Are you really offering to buy an apex eval for us? Or was that just a joke? 😮
Is static better?
Great content, good insight from Jade Cap.. will be following u guys cos am planning on diversifying to trade futures soon . thanks again, great content
So you hate these prop firms, but you have an affiliate link for MFF and Topstep in your description. Make it make sense 🤣🤣
✍ Thank you for the video.
when i first found out about their rules and business model, i had the exact same thought as you. But i think we need to adapt to any condition or whatever comes at us.
Vote with your feet. Stay away until these firms ditch their onerous conditions.
ye i never understood the love to futures firms. they give u cheaper prices but DESTROY u on rules. not worth it
just say that u cant trade... futures are meant for people with edge in the market.. u have to stick to max 2-1rr and be consistent.. also u garuntee a payout thats one issue yall dont have to worry about. yall like things way to easy gotta work towards it yk
@@joshuawalcott5619 i can trade just fine haha but its a pain in the ass to be 2 trades away from blowing ur account or having to stay consistent to keep the account and having a buffer.
no issues with payouts if ur using the right firms like ftmo.
lastly, never said any of this shit was ez. ive worked my ass off to get where i am today but that doesnt mean i dont like a certain level of "easy" some of these cfd firms offer over futures
yeah i want you to go more in depth please, i want to know which is truly the best
✍Thanks u brotha always brings value
Jadecap’s trading plan was my trading plan for the $150k account just using micros instead of minis just have to adjust that stop loss quickly to break even but overall great video just gave me all the confirmation I needed moving forward on my next challenge… thanks
I don’t think futures prop firms are cheap. Forex is one time fee. Futures is monthly and activation fee. Trailing drawdown sucks. And they lie when they say you have a $50k account when you can only lose $2000. That’s the max loss w/ a $25k forex account
You hate them but at same time you have no problem with adding affiliate links?
Watch the video
@@KimmelTrading😂😂😂
Do you hate TFT???👀
Good stuff man ✍️
you’re speaking from the perspective of forex trader. These rules promote great long-term future trading success. If you’re a good future traitor and you understand, slow and steady growth, these companies are a great opportunities.
✍🏽
Great video very in depth
One thing you missed is that with ETF and Apex the intraday trailing drawdown goes away once you make the initial drawdown, after that, it turns into EOD drawdown
I trade with Topstep and ETF, taken payouts with both and would choose them over any other prop firm, including Forex, because of the regulation and they’ve never had an issue with payouts or anything shady
You are completely wrong on the consistency rule. You can have a 10k if you want, and it will count just fine. You will just need make more to get towards a payout. If you make 10k you will need to make 33k in order to be able to get a payout (with 30% consistency). But if you can make 10k in a day it should not be an issue making 33k in the remaining days. If that is a problem for you you simply over leveraged on your 10k trade...... ✍
✍️there is no way around it the fact is that most of the propfirms are here for business that’s why the can’t make it easy for you but again focus on the skill set coz if you are a good trader you are a good trader
why silence on the funded trader scam/ponzi.
Cause he’s a paid shill
He’s affiliated so are a lot of others
What do you mean?
@@patrickhenry7416 tft and even ftmo are denying withdrawls for no reason. Futures are the real thing
@@patrickhenry7416 The Funded Trader stopped its operations. It’s a ponzi
Very Eye Opening, (Enlightening)
Thanks for this✍
The trailing drawdown stop at some point. And the 30% rule is made on purpose you to be consistent and not a gambler.
As much as the “aim” is to teach you to take profits when in profit, some people strategy isn’t that. Like a scalper strategy might fix the dynamic of a Futures prop firm but just as someone else said in their comment above, Trade just fine with Indices on a Forex Prop firm. If you’re aim is to trade futures, then use your prop firm profits to fund a futures account. That’s my take
Could you tell us what Forex Prop Firms would you advise ? Which ones are you using ?
FTMO and Alpha Capital
@@KimmelTrading but before that you advised us to buy challenges with TFT. Have you already forgotten? Check their situation now. Oh.. but you already know their games because you're one of their 🤡
I have been taking a lot of notes lately on the futures prop firms and trying to dissect which one is the best for me✍️
Overall, I don't mind the stricter rules it really will help us all to continue to become better traders. I'm hoping to try it out soon. Thanks for your great content Kimmel!
They will accept your money with pleasure.
My second funded account is with apex and I’ve had 2 payouts
Please read this:
Apex PA account is still demo account. The account you get after evaluation is still paper money. They might pay a few payouts from the money they collect. A few people only get paid. Please do honest review! Thanks
hopefully we get some new firms with different rules due to the current events
My thinking is that if you are good trader, and I mean good trader, you can adjust to any prop firm or any rules. The fact is, is that people are too stubborn and cannot be fluid as a trader. Certain strategies fit certain firms better. There have been many successful traders with each of these firms.
Where do prop firms come up with the money to payout? Is it from the market or is it from the fees?
Fees 99% of the time
If you did'nt be a Constant profitable Trader yet, then please DO'NT open any Prop Trading Accounts. No matter if Forex ore Futures, you will not Survive....😢First you need a profitable System that'ts fits your Personality. 🎉
great video bro! taking notes ✍
✍ Thanks for the breakdown Kimmel
It's a shame that the American won't just be honest and say "I'm trading with these rubbish firms because Futures are the only thing Americans are legally allowed to trade"
We are also traders and can see through the BS.
I operate in forex and futures companies and I only started making money when I started operating with SMALL lots (forex) and contracts (futures) and I stopped complaining, I faced all the rules without any excuses and with that it worked very well, just go slowly and today I have great capital
You are correct to point out the trailing drawdowns are a negative but it's worth noting that there is not the same issue with slippage that you get with CFD firms. The CFD firms can make up their own slippage to knock you out of trades because you are not trading in a real market. Futures firms cannot do this as you are trading the data feed from the live markets in Chicago. I think if you are a short term trader, say on charts of 5 minutes or less then the futures firms are actually better. Thanks for another great video. ✍
14:37 ✍️ what I like about futures. They are regulated. No slip em to hell. 😂 And I know Couple of traders that trade them successful. Just look at the mess that is happening in the so called prop space. Futures seem more trustworthy because of the regulations. If I have to change my style. Yes I'm all for it. What Kyle said resonates with my thoughts.
If you take the safety margin as if it were phase 2 of a common forex prop your view would change, today I have 4 accounts with withdrawals enabled, 3 at apex and 1 at bulenox and just knowing that my transfers are safe because it is already regulated I feel calmer .
Would you say futures prop firms are harder or easier to pass then forex prop firms?
✍The monthly payment thing is what I find most distasteful.. the activation fee, maybe it's bad but for me if I can pass then I can keep the funded consistently I believe, so it wouldn't be so bad to invest in the activation fee... Trailing drawdown is rough but it's workable
Thank you friend, very interesting video, as always. Futures companies have a small entry point, but the passage is not easy. Good luck to you and look forward to new videos.
This guy makes all valid points i realized when first looking into prop firms. They all have some sort of restrictive rules which prevent you from trading your style and youre always thinking of potentially violating something. Just open a broker account and follow your own rules. You can do it with 200-500 which you most likely have spent 2x or maybe even 3x that on prop evals or funded activation fees.
the Static accounts scales the contract size the more you profit.
The trailing stop threshold just feels like a random rule just to make things harder. I only go for 1:2 not 1:100 and I still feel the pressure to pick ONLY the best winners (which is impossible to do).
Watched the whole video, thanks for the info✍️✍️✍️
✍ - With this information in mind, this makes moving to futures a bit more cautious move. It feels forceful with all these rules to trade a certain way, but I see It's with good intention & I'm a forex trader wanting to transfer.
✍🏽 I think it’s simply comes to sustainability. That’s the only way they have to remain sustainable, atleast with that there’s no risk of payout denial.
I consistently profitable trader with a proven edge in the market, using micros, can definitely succeed with these futures prop firms. I believe that, with all the drama surroundingCFD prop firms, many traders look to futures because of how regulated the market is. I believe we will see a change in how futures prop firms structure their challenges. ✍
✍ I much prefer forex prop firms as they have been in the past, but with the new MT4 and MT5 rules for US traders, it makes it much harder. I've had an account at Apex Trader Funding and with the trailing drawdown rules, I lost it within 4 or 5 trading days, even though I had some quite profitable trades. I agree with your assessment and I hope that competition will lead to better rules -- I don't necessarily want the evaluations to be easier to pass, I'd rather work harder to pass and be confident I could keep a funded account for the long term. ✍
Personally I do like the future firm. Not only for the cheap prices to buy the challenge but also like jade cap said. It makes you to take your profit faster which is for what are we trading for✍🏻
If futures firms are regulated. Is it still possible for them to go under like the forex firms?
Yes. There's a general misconception encouraged by futures firms. The funding model where typically less than 1% of participants actually receive a payout is better regulated by gaming laws. The CTFC have recognized the need to ban these firms or have them offer regulated services only.
Knowing the rules beforehand is crucial. Accept and trade according to the rules. I'm funded with Topstep, apex & ETF, all of which have strict rules 😢
The thing I've been hearing and reading that, it is good because "it forces you to", is what I abhor. I personally don't think it's a good thing to be forced into anything. For others perhaps it is. Nevertheless it's time to look at different instruments. Different instruments have different rules. Great video!
✍️ i think they offer a trader the ability at a low cost to practice and get used to futures trading without risking personal capital. The rules are strict but IF you can succeed with the rules then it will only make you a better trader. Thanks for the video Kimmel
Hahaha, when kimmel spoke about exploding in APEX when a profit of 3000$ didn't close the position back to BE, he smiled at the corners of his mouth
lol it’s funny watching the forex traders hate futures funding because risk management sucks ass y’all used to forex giving you 10k DD to make 8 😂 that’s the crazy thing not futures but forex that’s why they have every reason to try to fuck you they never plan on you being consistent
With futures a lot of the companies put you on live if you’re really making money, to limit risk why would I put you on a live account and give you 10k DD that’s horrible risk management as a company unless I plan on you blowing it.
This comment isn’t directed at Kimmel
Yeah, I definitely get it 😂😂😂
This taking Live is the biggest joke. When these firms take you live, they are just safeguarding themselves. In Live, the entire available Drawdown is what the trader has earned himself.. not a penny of the firm is at risk.
Lmao yup. Can’t stand the forex clowns
The futures props need a 5% max loss rule.
✍Like you said in the video, the rules may seem predatory and I'm sure it makes them a ton of money. However they do force people to stop over risking and gambling. You have to really buckle down and trade with lots of discipline. In the long run, if you want to be a professional trader, it is to your benefit.
Absolutely 💯
✍ futures prop firms offer a compelling platform for skilled traders to capitalize on opportunities in the futures markets, even with all the rules and trailing drawdown i think it makes you a serious trader that pays attention to detail and someone that minimizes risk and capitalizes on profits
100k static account with apex is best imo, take a few base hits , tight stop loss, build a buffer. Once your up 1% then make your way to 2% in no time. Every trader has different styles , this is just what works for me!
Its a low cost way to get in the game and of course there are going to be rules that will protect the firms and make it harder for you but not impossible. These rules have made me a better yet more conservative trader. Also a lot of these firms allow you to have multiple accounts so instead if trying to make $500 a day on one account, just copy trade $100 across 5 accounts. Just takes time and patience. ✍🏽
✍🏽 the upside is that all these props forex and futures, are making us better traders .. however these rules are stacked against us heavily when probabilities come around. R-management is where everyone gets the short end of the stick if you ain’t careful. FOMO and tilt is where they are betting against us.
I actually think this is a better way to do it. The idea of a prop firm is a partnership. Not trying to and hit a home run and then potentially blow 10k of the house’s money with no risk. Think of it like this you have to take smaller trades that do not push the drawdown around. AND when you pass the first stage with Apex you would still have to make 5% on a TFT for example on a second stage. Well on Apex you have to make 5% before you can withdraw. So they essentially let you keep what you make in the second stage
✍ Trailing drawdown offers a comprehensive view of a trader's or trading strategy's performance. It goes beyond simple profit and loss figures by considering the volatility of returns and the ability to recover from losses.
✍️ I do like futures prop firm, my friend! You are right this rules limit you, but as trader you must be flexible and you can turn this into your plus easy. Just correct and adjust strategy according prop firm rules and you have it. At the end of the day doesnt matter what strategy and with which prop firm you will use , important is to be profitable.
✍thank you for your explanation
For me, futures firm is better, because im a quick scalper, cfd's spread are much different than futures market
You shouldn’t pass the challenge in 1 trade. You need to risk less.
Where is the catch at "alpha Capital"? No commission at all, raw spreads, the rest is the same at general props. So there is a catch at somewhere.
I mean let's say on Apex 50k account funded, if your balance is above 52,600, they stop trailing, that means if you pass the threshold of $2,600 in profit, it basically becomes "forex prop firm" except you can only day trade. So to have the correct point of view, you should mention the 2,600 threshold of the funded accounts (for 50k account as an example)
What's the 2,600 threshold?
@@jrky8857 basically the trailing drawdown will stop trailing when you reach 52,600 in funded account. For example when you reach 52,600, the account is blown if you hit 50,100, meaning you have 2,500 to lose the account. But if you reach 53,000, the account still stop trailing at 50,100, now you have to lose 2,900 to blow the account
✍️ I feel like futures prop firms are helping to lower the barrier to entry for funded account trading, while also providing the tough lesson that all traders need to learn, which is sound risk management. It is a lot more difficult in terms of the drawdown to profit target, but maybe that’s also the element that can help make us better traders. Thanks for the video, very informative 🙏
Hey @Kimmel what happened?
There is a reason why companies do these things. They make it so only the most consistent traders suceed and arent just lucky. This is also how they stay in business.