PROP FIRM HUB
Real traders discussion about Prop Firm activity.
Traders may post their attempts at gaining a funded account.
Traders may discuss the pros and cons of various prop trading firms.
All discussion that is inline with thread title is welcome.
Keep it civil here guys and let's sort the real from the myth.
Traders showing TE’s of challenges and verifications should be cheered on and not discouraged.
Traders can show or hide their TE’s at their preference without ridicule from other thread participants.
Traders who show their TE’s or post snapshots of their progress and who have skin in the game have my full respect.
Any thread poster who is seen to be ridiculing another traders attempts at challenges or verifications including the hiding/or removal of TE’s may very well find themselves sitting on the sidelines to think about how they might better contribute to the thread in a more meaningful way.
Funded Account Types:
Prop Firm Pros:
1. opportunity to trade larger sums of capital;
2. staged increases to trading capital based on performance;
3. firms resources (education, webinars, analysis and mentoring);
4. trader not responsible for losses incurred;
5. accelerated income to the successful trader;
6. trading across multiple Prop Firms to gain maximum funding.
Prop Firm Cons:
1. Price to play (is the challenge fee refunded??);
2. Profit split ratio (min. 70/30 split in favor of the trader);
3. Drawdown rules or trading objectives set by the firm;
4. How long has the firm been around and how long will they remain in business;
5. Any reasonable history of profit shares being paid;
6. Thread comments regarding a given Prop Firm.
TOP 5 PROP FIRMS CURRENTLY PAYING TRADERS
My Forex Funds (As of late August 2023 this firm is under heavy investigation by several regulators regarding a multitude of deceptive and illegal practices)
The Funded Trader
Disclaimer: Any Prop Firm can close up shop at any point in time so it always remains the due diligence carried out by the trader who will be responsible for his/her own decisions. The above list is simply that provided by active participants in this thread and therefore I would advise readers in this space to carry out all risks involved before parting with the participation fee.
Unbiased Alphabetical Listing of some Retail Proprietary Trading Firms:
Audacity Capital https://www.audacitycapital.co.uk/
City Traders Imperium https://www.citytradersimperium.com/
Colibri Trader https://www.colibritrader.com/
Corp Equity Fund https://corpequitycapital.com/
Digital Pit - website not available
DT4X - ceased operations
Elite Trader Funding https://elitetraderfunding.com/products/
E8 Funding https://www.e8funding.com
Finotive Funding https://finotivefunding.com/
Fino Trader https://finotrader.com/ Warning:: Potential Scam !!
FMS Traders - website not available
Forex Prop Firm https://forexpropfirm.com
Forex Traders UK https://www.forextradersuk.com/
Funded Trading Plus https://www.fundedtradingplus.com/
Funding Talent https://fundingtalent.com/ Ceased Operations
Habby Forex https://www.habbyforex.com/
Lark Funding https://larkfunding.com/collections/funding-challenges
LeeLoo Trading https://www.leelootrading.com/
Lepus Prop Trading https://www.lepusproprietarytrading.com.au/
Liberty Market Investment https://lmitrade.com/
Lux Trading Firm https://luxtradingfirm.com/
Main Street Trading - website not available
Maverick Trading https://mavericktrading.com/
Ment Funding https://www.mentfunding.com/
MyForexFunds https://myforexfunds.com/ Potential Ponzi or scam operation.
NP Financial https://npfinancials.com.au/npf-capital-audition/
Savius - website not available
SMB Capital https://smbcap.com/
Surge Trader https://www.surgetrader.com/get-funded
Ten Top Traders https://www.tentoptraders.com/ Warning :: Potential Scam
The Prop Trading https://theproptrading.com.au/
The Trader Institute https://thetraderinstitute.com/tti-funding/
The Funded Trader Program https://thefundedtraderprogram.com/
Trader Seed https://traderseed.io/ [Warning :: No longer with FTMO]
Traders Central Funding - website not available
Traders Prop - website not available
Traders With Edge https://traderswithedge.com/
Trend Trading DNA - website not available
True Forex Funds https://www.trueforexfunds.com/
Unibull Markets - website not available
XLTrade Funding https://www.xltrade.net/
Other Funding Firm's (not necessarily Prop Firms):
Alpari Pamm https://alpari.com/en/invest/pamm/?l...nservative.asc
Ditto Trade https://ditto.trade/pro
E Toro https://www.etoro.com/
Metaquotes Signals https://www.metaquotes.net/en
Zulu Trade https://www.zulutrade.com/
High Risk Prop Firms or Passing Challenge Firms to Avoid (likely SCAM operations):
https://www.passyourchallenge.com/ aka Axel
[Source: Takisd 2022]
My Forex Funds - likely scam or dishonest operation.
[Source: FINRA, CFTC .....]
[Source: TrAndy1 2022]
Traders should tread very very carefully in the above scam list which is by no means complete since most top Prop Firms will ban you the moment they detect that your trades are not your own but someone else's. Its very easy to detect especially if done remotely using IP trace technology even if a VPN is being used.
I advise all traders who play the challenges to do so using your very own techniques and strategies and never depend on others because sooner or later you will be let down !
Tables and Charts Section:
[Source: TrAndy1, June 1 2022, Post 8303]
[Source: TrAndy1, June 8 2022, Post 8418]
THREAD OPs PROP FIRM PARTICIPATION
The Thread Op may on occasion entertain the thread with real challenges and verifications from multiple Prop Firms.
A TE or myfxbook link to trading history will only be provided at the discretion of the Thread Op who reserves the right to remove it at any time.
Thread Ops own funded accounts will only be elaborated once funded capital or equity has exceeded $1 Million.
ONE MILLION DOLLAR (++) CHALLENGES:
... Under consideration (backburner material) ...
My Forex Funds $300K Challenges: ... on-hold presently ...
FTMO $200K Challenges:
April 2021 - Unsuccessful (failed to reach 10% Profit Target)
My Forex Funds $200K Challenges:
MFF 200K Challenge Account #1
August 2021 - ... Paid - Account credentials received within 24 hours.
Phase 1 Outcome: ... Unsuccessful (failed to reach 8% profit target).
MFF 200K Challenge Account #2
February 2022 ... Paid reset fee ... awaiting account credentials
Account credentials received in a few minutes ...
Phase 1 Outcome: PT not reached.
Free Retake 1: unsuccessful (pushed a bit too hard on this attempt).
My Forex Funds $100K Challenges:
MFF 100K Challenge Account #1
August 2021 - ... Paid - Account credentials received within 24 hours.
Phase 1 Outcome: PT not reached
Phase 1 Free Retake #1 Outcome: Unsuccessful (failed to reach 8% profit target)
Successful Challenges only under $100,000
TTT $20K Challenge ('free' via Basill)
Phase 1 - passed challenge;
Phase 2 - ... breached rules ... June - July 2022 (a blessing in disguise)
My Forex Funds $10K Challenges:
MFF 10K Challenge Account #1 - April 2022 - unsuccessful (failed to reach PT)
Trader Posted Warning/Ignore List:
Where the value of X is determined by the Thread Op on a case by case basis and not disclosed.
List above means the poster is deemed to have posted biased promotional links or information not backed by any credible sources or has posted material that is not inline with the thread or has attacked other posters on several occasions and must stop such posts immediately.
Any posted material viewed by the Thread Op as unwarranted may lead to the poster being immediately sidelined for a lengthy period of time so traders are advised to think carefully before they post.
1. These lists are by no means complete.
2. The list will be updated on an ongoing basis including website links.
3. The list is presented in an unbiased manner.
4. Traders are encouraged to read the thread and conduct their own due diligence.
5. Traders should understand that a challenge fee may very well be at risk of full loss.
Master your Mind then Master your Trades