Dislikedhey guys, has anyone tried Tradingfunds ? I have been prop trading for the last 3 months and used myfundedforex, ftmo and surgetrader but I recently saw an ad for these guys who seem to be pretty new but rules look nice. If not, which firms can you recommend which don't have a daily drawdown please!Ignored
- Stop-loss required at 2% account balance, unless you pay an additional 20% to remove it.
- Lot consistency rule in place unless you use a stop-loss at 2% (no clear definition of what constitutes consistency, that I can see)
- Leverage is 1:10 at start, remains fixed at 1:5 for indices.
- Max draw-down trails until starting balance is reached, then becomes fixed.
- All trades shall remain open for a minimum of 30-seconds.
The no daily draw-down is nice, but the downsides are a bit heavy, in my opinion. There are other firms that offer programs with no daily, but there is always some heavy trade-off, understandably.