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Prop firms offering retail traders trading accounts -Risk free

  • #1
  • First Post: Edited 12:56pm Aug 24, 2018 11:27am | Edited 12:56pm
Hello everyone,

I have decided to write this due to retail traders thinking they have to trade their money with the risk of potentially losing it all. This week I witnessed someone I interact with on a daily basis blow £25k on his trading account which sent him to £0.

There are available prop firms that will provide you trading capital which you pay a monthly fee for. I will outline the 3 I am aware of and the benefits:

1.Blufx - They will provide a $25,000 account for $99 dollars a month with a max drawdown of 10% which the account could then close. The also offer a $50,000 for $200 a month (Cant hold trades overnight) and one for $250 a month (This one allows you to hold trades or night).

 

  1. You can only trade from 6am to 9pm.
  2. You cannot enter a trade from 9pm to 6am.
  3. The maximum amount of lots they give you to use is 1.5 lots which helps manage risk.
  4. You are only able to withdraw money when you surpass 5% gains on the account.
  5. You also have to split profits 50% with them which is fair.
  6. Their facebook page alerts traders of when profit splitting is due so members can witness it
  7. Each time you earn 5% on the account they double your account size. The maximum account size you can achieve with them is $1,000,000
  8. You do not account for any losses on the account.
  9. https://www.youtube.com/watch?v=Oy_d1gVIcOY <Youtube video showing one of their retail traders
  10. https://blufx.co.uk/products/


2.Samuel & co trading - They offer a trading programme which you have to pay an upfront cost for, but you can also get a $25,000 trading account from them for a monthly and a $50,000 account, but this will depend on your experience.

 

  1. You cannot hold trades overnight
  2. They will provide more direct training for rookies
  3. you split profit with them 50%
  4. There is a maximum drawdown limit
  5. They are FCA regulated which means they are 100% not a scam
  6. I think the maximum lot size you can trade with is 0.7 lots
  7. You do not account for any losses
  8. There are weekly and daily vlogs. There are frequent trading seminars.
  9. https://www.youtube.com/watch?v=D7w51VTGuxM <<<< Mini Documentary on them
  10. https://www.samuelandcotrading.com/ <<Website with their products


3. Audacity Capital - I am not aware of anybody who has used them so I will not provide full detail, but what I do know is that they provide a trading account for a monthly fee but you may have to go through some tests. Apparently they give you a £10k account.
>https://www.audacitycapital.co.uk/ https://www.youtube.com/watch?v=ot96cjajcZA <<<Youtuve video


All the trading is done from your home with each of the above prop firms. I know you can go into Samuel and co to trade. Also the option is sometimes there with blufx

I wrote the above for retail traders to stop trading their own money and losing it. You can trade a prop firms money with 0 risk on you with just a monthly fee. They benefit from splitting the profit with you 50/50. It may sound too good to be true but these are legit companies with offices in London & Watford which you can call into to or even visit.

I believe that you should only trade with money that you are potentially able to lose and not money that is used for your survival on a daily basis.

Ideally to trade I would suggest a £25k account to make a living.

I hope this info has helped.

  • #2
  • Aug 24, 2018 11:50am Aug 24, 2018 11:50am
Quoting Samson85
Hello everyone, I have decided to write this due to retail traders thinking they have to trade their money with the risk of potentially losing it all. This week I witnessed someone I interact with on a daily basis blow £25k on his trading account which sent him to £0. There are available prop firms that will provide you trading capital which you pay a monthly fee for. I will outline the 3 I am aware of and the benefits: 1.Blufx - They will provide a $25,000 account for $99 dollars a month with a max drawdown of 10% which the account could then close....
.
but what make this firms taking risk and let traders use their money to trade for just monthly fees? What if trader performance was bad cause loses
  • #3
  • Aug 24, 2018 11:58am Aug 24, 2018 11:58am
Quoting rtkwar
{quote} . but what make this firms taking risk and let traders use their money to trade for just monthly fees? What if trader performance was bad cause loses

  1. Firms will get 50% of your split
  2. You dont use leverage - You get 1.5 lots which is basically $15 a point
  3. You can only lose a max of 10% of the account
  4. Psychologically it is less impacting and makes trading easier hence why these prop firms make money

  • #4
  • Aug 24, 2018 12:10pm Aug 24, 2018 12:10pm
Quoting rtkwar
{quote} . but what make this firms taking risk and let traders use their money to trade for just monthly fees? What if trader performance was bad cause loses
I guess they take a risk to find out good traders, like if you have 10 % drawdown, your account is closed. BUt if you make money, you make 50 % to them ( at least thats with first company).

Actally they might even not risk their real money ,but give fake money till they see you are good. If you are good, they then will have to give real money as profit. But since most retail is bad, they just get monthly fee with littler risk.
  • #5
  • Aug 24, 2018 12:19pm Aug 24, 2018 12:19pm
50 % performance fee is huge , although prop firms do charge that kind of figure

but it's an interesting option for traders with no or small capital
  • #6
  • Aug 24, 2018 12:20pm Aug 24, 2018 12:20pm
Quoting SPeedFANat1c
{quote} I guess they take a risk to find out good traders, like if you have 10 % drawdown, your account is closed. BUt if you make money, you make 50 % to them ( at least thats with first company). Actally they might even not risk their real money ,but give fake money till they see you are good. If you are good, they then will have to give real money as profit. But since most retail is bad, they just get monthly fee with littler risk.
The money has to be real as they need to go through a legal broker. For example Samuel and CO use Axitrader which is a FCA regulated broker.
  • #7
  • Aug 24, 2018 12:23pm Aug 24, 2018 12:23pm
Quoting MXT
50 % performance fee is huge , although prop firms do charge that kind of figure however it's an interesting option for traders with no or small capital
I think its something that 95% of retail traders should be using because it is very little risk on you with very huge rewards. The fact that you can get a 1 mill account if you are successful says it all. Trading a 1 mill account and making 1-3% per month ($5k to $15k when split) can provide a very good life style.
  • #8
  • Aug 24, 2018 12:24pm Aug 24, 2018 12:24pm
99.99% of all retailers fail, these "offerings" and monthly fees are nothing but a sucker tax (scam).
If you can really trade, you can show your trade record or build/trade your own capital.
  • #9
  • Aug 24, 2018 12:32pm Aug 24, 2018 12:32pm
Quoting Samson85
{quote} I think its something that 95% of retail traders should be using because it is very little risk on you with very huge rewards. The fact that you can get a 1 mill account if you are successful says it all. Trading a 1 mill account and making 1-3% per month ($5k to $15k when split) can provide a very good life style.
getting a 1 mil acct would really be something

but i guess you should work for them for some years and have a solid track record before reaching that kind of figure
  • #10
  • Aug 24, 2018 12:36pm Aug 24, 2018 12:36pm
Quoting The-Flipper
99.99% of all retailers fail, these "offerings" and monthly fees are nothing but a sucker tax (scam). If you can really trade, you can show your trade record or build/trade your own capital.
One of the companies is Fca regulated so it's 100% not a scam as they would not risk their license.

They are clearly making money of your fees and also on splitting the profits. Their brokers would not go near them if it was a scam and if it was they would have been shut down. All the above companies are more than 5yrs old!!! You can also find reviews online about them.
  • #11
  • Aug 24, 2018 12:37pm Aug 24, 2018 12:37pm
Quoting MXT
{quote} getting a 1 mil acct would really be something but i guess you should work for them for some years and have a solid track record before reaching that kind of figure
It depends on you. On the blufx website you can see Trac records of some of the traders and an also read the story of how someone got the million pound account.
  • #12
  • Aug 24, 2018 12:47pm Aug 24, 2018 12:47pm
Quoting Samson85
{quote} One of the companies is Fca regulated so it's 100% not a scam as they would not risk their license. They are clearly making money of your fees and also on splitting the profits. Their brokers would not go near them if it was a scam and if it was they would have been shut down. All the above companies are more than 5yrs old!!! You can also find reviews online about them.
There are tons of FCA regulated firms that are fraudulent.

That monthly fee is a tax for idiots.

But whatever, believe what you want.

That was my last post in this thread.
  • #13
  • Aug 24, 2018 12:49pm Aug 24, 2018 12:49pm
AxiSelect or FixiSelect both gives you capital without a monthly fee, although you will need to show a 6+ month trading history, and have to have some own capital too.

btw,
these monthly fee structure "prop firms" i highly believe to use a notional system, ie you never actually get a 25k account, but at best a 2.5k, and they take the risk that you will on average make no more profit than your monthly fee (x2, as half the profit is for them, anyway).
since many parameters controlled, usually max lot size, daily/weekly max dd, trading hours...it all stacked against the aspiring prop trader in these cases.
suddenly even that 5% profit steps become a less certain stage to reach for more funds, and frankly, if one has 25k account, and say make 5% a month, which half is his to keep...yes, that is only 625$. or gbp.
take off the monthly fee, and you are left with what? 425$?
is that equal to making a living?
hardly.

there are some more serious opportunities, these with monthly fees, ( and especially with demo trials) arent those.

happy weekend!
there is always, always another trade!!
  • #14
  • Aug 24, 2018 12:50pm Aug 24, 2018 12:50pm
Quoting Samson85
{quote} It depends on you. On the blufx website you can see Trac records of some of the traders and an also read the story of how someone got the million pound account.
do they offer the option to trade from home as well ?
  • #15
  • Aug 24, 2018 12:51pm Aug 24, 2018 12:51pm
Quoting The-Flipper
99.99% of all retailers fail, these "offerings" and monthly fees are nothing but a sucker tax (scam). If you can really trade, you can show your trade record or build/trade your own capital.
this is pretty spot on - but if you have no money to start with and then use the profit from a larger account in your own account, eventually you are taking 100% profit on profit made from a risk free account...

if you make 5% a month on £50k, and then put all that profit into your own account, all of a sudden that builds up quickly and bobs your uncle...
  • #16
  • Aug 24, 2018 12:54pm Aug 24, 2018 12:54pm
Quoting profitfarmer
AxiSelect or FixiSelect both gives you capital without a monthly fee, although you will need to show a 6+ month trading history, and have to have some own capital too. btw, these monthly fee structure "prop firms" i highly believe to use a notional system, ie you never actually get a 25k account, but at best a 2.5k, and they take the risk that you will on average make no more profit than your monthly fee (x2, as half the profit is for them, anyway). since many parameters controlled, usually max lot size, daily/weekly max dd, trading hours...it all...
Thank you for sharing the info on AxiSelect or FixiSelect . I hope it proves useful to retail traders not risking their lively hood.
  • #17
  • Aug 24, 2018 12:55pm Aug 24, 2018 12:55pm
Quoting MXT
{quote} do they offer the option to trade from home as well ?

It's all done from home.

Sorry let me add that in thread.

Thanks
  • #18
  • Aug 24, 2018 12:58pm Aug 24, 2018 12:58pm
Quoting Don96
{quote} this is pretty spot on - but if you have no money to start with and then use the profit from a larger account in your own account, eventually you are taking 100% profit on profit made from a risk free account... if you make 5% a month on £50k, and then put all that profit into your own account, all of a sudden that builds up quickly and bobs your uncle...

Yep that's sounds like a plan to be fair and a good option. So basically use them to make money then go solo. If you have the ability to get the 1 mill account what do you do?
  • #19
  • Aug 24, 2018 1:02pm Aug 24, 2018 1:02pm
There are more and two of them with 80 % payout

https://www.topsteptrader.com/ they were the first I think who started with this business model.
https://smbcapital.lpages.co/smb-futures-proprietary-trading/
https://oneuptrader.com/
I might be wrong , I have been wrong before
  • #20
  • Aug 24, 2018 1:05pm Aug 24, 2018 1:05pm
Quoting Mandariin
There are more and two of them with 80 % payout https://www.topsteptrader.com/ they were the first I think who started with this business model. https://smbcapital.lpages.co/smb-futures-proprietary-trading/ https://oneuptrader.com/
Wow I didn't know SMB offered this model as they accross as a very good firm. They were on wall street warriors and rose to fame but they do every good videos on YouTube.

Thanks for sharing
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