Discover reviews on "best future prop firm" based on Reddit discussions and experiences.
Last updated: September 5, 2024 at 11:32 AM
Best Future Prop Firm Recommendations
Apex
- Pros
- Offers accounts up to 250k, often at 90% off with reduced activation fee.
- Allows copying trades to up to 20 accounts.
- Provides intra-day trailing drawdown.
- Cons
- Platform can have issues with Rithmic broker.
- Rules can be strict, including a cushion requirement for withdrawals.
Topstep
- Pros
- Offer good deals for evaluation accounts.
- Has a professional platform (Topstep x) with TradingView integration.
- Copy trade up to 3 accounts.
- Cons
- End of day trailing drawdown can be limiting for trading multiple contracts.
MFF
- Pros
- Sometimes offers evaluation without activation fees.
- Currently running a promotion with a static drawdown.
- Cons
- Higher evaluation costs compared to other firms.
Other Options
- TradeDay: Offers fast withdrawal and live accounts for trading.
- Fast Track Trading: Instant funded accounts with fast customer service.
- Take Profit Trader: No minimum trading days required for withdrawal.
Warning
- Apex has been criticized for strict rules and issues with payouts.
- Stay away from smaller firms with potential payout issues.
- Be cautious of firms with convoluted rules that may hinder profitability.
Recommendations from Reddit Comments
- FTMO and The5ers are popular and trusted for forex trading.
- Hyro Trader stands out for its straightforward approach and modern platform.
- Top Step Trader is noted for professionalism and good payout policies.
- Fast Track Trading is praised for quick funding and customer service.
General Advice
- Get familiar with rules and requirements before selecting a prop firm.
- Avoid leveraging excessively and aim for small, consistent trades.
- Consider trading with your own capital for better control and profitability.
Conclusion
- Research and compare trusted prop firms like FTMO, The5ers, Topstep, Apex, and MFF before making a decision.
- Choose a firm based on your trading style, platform preferences, and payout policies to maximize success in prop trading.
Remember: Proceed with caution, practice risk management, and focus on developing a consistent trading strategy to succeed in prop trading.