List of companies offering funding for forex traders:
BluFx
- monthly fee
- no evaluation stage
- max.DD = 10%
- payout only after +5% profit increments
- growth plan = +30% profit to $1,000,000 account
- 50% profit share
My opinion: why would someone give real $25,000 to anyone with £99/month without any qualifications??? Monthly fee is not great option.
The 5%ers
- one-time fee
- evaluation stage = target 6% with 4% DD, no time limit
- max.DD = 4%
- growth plan = double account every +10%
- 50% profit share
My opinion: good growth plan, too low DD limit to allow for any reasonable account growth. It may take you long time to grow account with only 4% DD cut-off. Very low max. lot exposure.
FTMO
- one-time fee
- evaluation stage = overall you need +15% with max. 10% overall DD and max. 5% daily DD limit in up to 90 days
- max.DD = 10%
- growth plan +25% of initial account equity every 4 months if +10% profit reached
- 70% profit share
My opinion: good ratio between max.DD and profit needed to get funded. You can repeat challenges and stack accounts to up to 300K per trader per strategy. Very high profit share.
Traders4Traders
- one-time fee
- evaluation stage= you need to achieve +12% with overall max. 4% DD with no time limit but there is ONLY 2% weekly loss limit!!!
- max.DD = 4%
- no growth plan
- progressive 50-80% profit share plan
My opinion: it is the cheapest option but with the most restrictive rules for evaluation stage. Too harsh weekly loss limit. It will be very hard and too slow to grow account and make profits.
Traders Destiny
- one-time fee
- evaluation stage= you need to achieve +10% with overall max. 4% DD
- max.DD = 4%
- growth plan = double account every +10%
- 40% profit share
My opinion: the most expensive option. Seems to be a copy of 5%ers with smaller profit share.
From my research it seems that FTMO seems to be the best option when limitations are considered and 2nd option would be 5%ers.
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There are also companies that offer Futures trading.
https://www.topsteptrader.com
https://oneuptrader.com
https://smbcapital.lpages.co/smb-futures-proprietary-trading/
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If you decide for any of these companies you need to consider few limitations that they give you and see if you can work with them or search for other options.
Limitations:
- very low max.DD (example: hard to grow account when you can't lose more than 4% of your account)
- low weekly and daily loss limits
- low daily maximum trade size exposure
-----------------------------------------------------------------------------------------------------------------------------------------------------------------
You have few options here:
A) spend few years growing your small account and try to save money and add to your account on monthly basis to speed up growth
B) if you have no track record then use some of these prop firms to generate some income
C) spend 6-24 months building trading track record and then negotiate funding from private prop firms
D) build 6-12 months track record and apply with some companies that offer some funding options and have database of retail investors
option D companies:
AxiSelect
Darwinex
eToro
Collective2
ZuluTrade
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I hope this will help to someone. If you're not sure ask questions or do your own research. If you decide to send money to some of these companies please make proper due diligence. There are too many 'too good to be true' offers flying around in forex world.
BluFx
- monthly fee
- no evaluation stage
- max.DD = 10%
- payout only after +5% profit increments
- growth plan = +30% profit to $1,000,000 account
- 50% profit share
My opinion: why would someone give real $25,000 to anyone with £99/month without any qualifications??? Monthly fee is not great option.
The 5%ers
- one-time fee
- evaluation stage = target 6% with 4% DD, no time limit
- max.DD = 4%
- growth plan = double account every +10%
- 50% profit share
My opinion: good growth plan, too low DD limit to allow for any reasonable account growth. It may take you long time to grow account with only 4% DD cut-off. Very low max. lot exposure.
FTMO
- one-time fee
- evaluation stage = overall you need +15% with max. 10% overall DD and max. 5% daily DD limit in up to 90 days
- max.DD = 10%
- growth plan +25% of initial account equity every 4 months if +10% profit reached
- 70% profit share
My opinion: good ratio between max.DD and profit needed to get funded. You can repeat challenges and stack accounts to up to 300K per trader per strategy. Very high profit share.
Traders4Traders
- one-time fee
- evaluation stage= you need to achieve +12% with overall max. 4% DD with no time limit but there is ONLY 2% weekly loss limit!!!
- max.DD = 4%
- no growth plan
- progressive 50-80% profit share plan
My opinion: it is the cheapest option but with the most restrictive rules for evaluation stage. Too harsh weekly loss limit. It will be very hard and too slow to grow account and make profits.
Traders Destiny
- one-time fee
- evaluation stage= you need to achieve +10% with overall max. 4% DD
- max.DD = 4%
- growth plan = double account every +10%
- 40% profit share
My opinion: the most expensive option. Seems to be a copy of 5%ers with smaller profit share.
From my research it seems that FTMO seems to be the best option when limitations are considered and 2nd option would be 5%ers.
----------------------------------------------------------------------------------------------------------------------------------------------------------------
There are also companies that offer Futures trading.
https://www.topsteptrader.com
https://oneuptrader.com
https://smbcapital.lpages.co/smb-futures-proprietary-trading/
----------------------------------------------------------------------------------------------------------------------------------------------------------------
If you decide for any of these companies you need to consider few limitations that they give you and see if you can work with them or search for other options.
Limitations:
- very low max.DD (example: hard to grow account when you can't lose more than 4% of your account)
- low weekly and daily loss limits
- low daily maximum trade size exposure
-----------------------------------------------------------------------------------------------------------------------------------------------------------------
You have few options here:
A) spend few years growing your small account and try to save money and add to your account on monthly basis to speed up growth
B) if you have no track record then use some of these prop firms to generate some income
C) spend 6-24 months building trading track record and then negotiate funding from private prop firms
D) build 6-12 months track record and apply with some companies that offer some funding options and have database of retail investors
option D companies:
AxiSelect
Darwinex
eToro
Collective2
ZuluTrade
-------------------------------------------------------------------------------------------------------------------------------------------------------------------
I hope this will help to someone. If you're not sure ask questions or do your own research. If you decide to send money to some of these companies please make proper due diligence. There are too many 'too good to be true' offers flying around in forex world.
