Disliked{quote} Great choice, I posted a comparison of eval vs accelerated, it is hands down, not even close.Ignored
1
Featured US Prop Firms
- #2,346
- Jul 17, 2021 3:54pm Jul 17, 2021 3:54pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
- #2,347
- Jul 17, 2021 3:57pm Jul 17, 2021 3:57pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
- #2,350
- Edited 9:47pm Jul 17, 2021 7:10pm | Edited 9:47pm
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.
Just my personal opinion purely on the trading plan from various prop firm,
Lux prop trading program is the best so far if compared.
Enfoid is good too but too bad they have some issue with the jurisdiction issue.
For Lux on their $150,000:
When you reach their first Professional account, they will lose money if the trader in loss.
I know you are not paid for the first demo account challenge.
However, if you are the prop firm and tries to use the fees paid by trader upfront even through compounding, you still cant compensate the loss of traders incurred if they reached the Professional stage.
Similarly, for 5ers, it is only worth if you try to take their LOW RISK account only.
Their Aggressive account is total BS.
Regards,
Daniel
Lux prop trading program is the best so far if compared.
Enfoid is good too but too bad they have some issue with the jurisdiction issue.
For Lux on their $150,000:
When you reach their first Professional account, they will lose money if the trader in loss.
I know you are not paid for the first demo account challenge.
However, if you are the prop firm and tries to use the fees paid by trader upfront even through compounding, you still cant compensate the loss of traders incurred if they reached the Professional stage.
Similarly, for 5ers, it is only worth if you try to take their LOW RISK account only.
Their Aggressive account is total BS.
Regards,
Daniel
- #2,353
- Jul 17, 2021 10:45pm Jul 17, 2021 10:45pm
- Joined Aug 2013 | Status: Trader | 4,897 Posts
Just my personal opinion purely on the trading plan from various prop firm, Lux prop trading program is the best so far if compared. Enfoid is good too but too bad they have some issue with the jurisdiction issue. For Lux on their $150,000: When you reach their first Professional account, they will lose money if the trader in loss. I know you are not paid for the first demo account challenge. However, if you are the prop firm and tries to use the fees paid by trader upfront even through compounding, you still cant compensate the loss of traders...
as the best prop firm. Seems reasonable. Just thinking out loud here
Pride always comes before destruction.... -Proverbs 16:18
- #2,354
- Jul 17, 2021 11:09pm Jul 17, 2021 11:09pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
One I may or may not consider in the future is Funded Trading Plus.
They currently have 3 pricing models:
$60000 for $600 fee;
$100000 for $800 fee; and
$500000 for $1200 fee.
The trader has to manually enter setups in the Talented Trader Program Portal with a minimum 25 pips stop and the portal will automatically place a 2:1 target to stop level.
If you place a 25 pips stop the portal will assign a 50 pips profit target, place a 30 pips stop and a 60 pips target is assigned and so on.
So what the Prop Firm is looking for here is a series of setups based on stop loss level.
If the stop loss is tagged before the profit target the trade is an instant loser.
If the profit target is tagged before the stop loss the trade is an instant winner.
If the stop loss is moved to BE or slightly in profit but the target is not reached then this trade does not count and must be repeated.
The trader has to make 125 consecutive trades.
Risk to Reward of 1:2.
$60 000 funded account:
40% Win rate:
Initial Fee Back or Free Reset
45% Win rate:
$800 instant Cash Bonus
1 Free Reset
50% Win rate:
$2500 instant Cash Bonus
$30,000 Funded Trading Account
55% Win rate:
$5,000 instant Cash Bonus
$60,000 Funded Trading Account
$100K funded account:
40% Win rate:
Initial Fee Back or Free Reset
45% Win rate:
$1,600 instant Cash Bonus
2 Free Resets
50% Win rate:
$5,000 instant Cash Bonus
$60,000 Funded Trading Account
55% Win rate:
$10,000 instant Cash Bonus
$100,000 Funded Trading Account
$500K funded account:
40% Win rate:
Initial Fee Back or Free Reset
45% Win rate:
$2,400 instant Cash Bonus
3 Free Resets
50% Win rate:
$10,000 instant Cash Bonus
$90,000 Funded Trading Account
55% Win rate:
$20,000 instant Cash Bonus
$500,000 Funded Trading Account.
At least they offer the option to move your trade to BE+ pips because you going to need it in a choppy tight ranging market if price decides to whip around on you.
Best market likely to be strong momentum moves on the back of key news and/or major opens. Remembering that minimum tp is 50 pips and it could be more based on your sl distance from trade open price which will depend on the trade setup.
They also suggest one trade at a time and the fastest successful completion time was about 5 weeks with current maximum time still ongoing.
What I like is that when a trader succeeds the funded account provides the following:
Your Funded Account
They currently have 3 pricing models:
$60000 for $600 fee;
$100000 for $800 fee; and
$500000 for $1200 fee.
The trader has to manually enter setups in the Talented Trader Program Portal with a minimum 25 pips stop and the portal will automatically place a 2:1 target to stop level.
If you place a 25 pips stop the portal will assign a 50 pips profit target, place a 30 pips stop and a 60 pips target is assigned and so on.
So what the Prop Firm is looking for here is a series of setups based on stop loss level.
If the stop loss is tagged before the profit target the trade is an instant loser.
If the profit target is tagged before the stop loss the trade is an instant winner.
If the stop loss is moved to BE or slightly in profit but the target is not reached then this trade does not count and must be repeated.
The trader has to make 125 consecutive trades.
Risk to Reward of 1:2.
$60 000 funded account:
40% Win rate:
Initial Fee Back or Free Reset
45% Win rate:
$800 instant Cash Bonus
1 Free Reset
50% Win rate:
$2500 instant Cash Bonus
$30,000 Funded Trading Account
55% Win rate:
$5,000 instant Cash Bonus
$60,000 Funded Trading Account
$100K funded account:
40% Win rate:
Initial Fee Back or Free Reset
45% Win rate:
$1,600 instant Cash Bonus
2 Free Resets
50% Win rate:
$5,000 instant Cash Bonus
$60,000 Funded Trading Account
55% Win rate:
$10,000 instant Cash Bonus
$100,000 Funded Trading Account
$500K funded account:
40% Win rate:
Initial Fee Back or Free Reset
45% Win rate:
$2,400 instant Cash Bonus
3 Free Resets
50% Win rate:
$10,000 instant Cash Bonus
$90,000 Funded Trading Account
55% Win rate:
$20,000 instant Cash Bonus
$500,000 Funded Trading Account.
At least they offer the option to move your trade to BE+ pips because you going to need it in a choppy tight ranging market if price decides to whip around on you.
Best market likely to be strong momentum moves on the back of key news and/or major opens. Remembering that minimum tp is 50 pips and it could be more based on your sl distance from trade open price which will depend on the trade setup.
They also suggest one trade at a time and the fastest successful completion time was about 5 weeks with current maximum time still ongoing.
What I like is that when a trader succeeds the funded account provides the following:
Your Funded Account
- Index Cash and E-mini Markets;
- 20% monthly drawdown allowance;
- 50% drawdown total allowance;
- We allow holding overnight and weekend;
- Zero monthly fees;
- Low, £1,000 minimum profit withdrawal rights;
- Forex Markets;
- Easy funding access - no complicated hoops to jump through;
- We cover the losses, you keep the profit;
- No profit target, earn as little or as much as you’d like;
- Trade when you want to;
- You keep 80% of all profits.
[information taken from their website available in Post 1]
Nevertheless, I would suggest that traders attempt the 125 trades on either a demo or live account and see if you can snag 55% win rate using a 1:2 risk reward ratio.
ps. can you the trader get at least 69 trades to hit a 1:2 RR from 125 trades 
Masterrmind ......... 
Master your Mind then Master your Trades
{quote} Your first post on FF is touting SUX trading
Cause they offered no time limitations, kpmg(some kind of auditing firm), which allows us as traders for comparison.
5ers are good too on their Low risk model, but I dont like how they structured their bs aggressive plan which is completely bs thus making them less credential.
I cant compare Lux/5ers/CTI with FTMO or Enfoid which has one time free but with 30 days limitation.
What we should ask here is how high your probability you could achieve 1:1 profit:drawdown ratio if using FTMO/Enfoid.
Enfoid needs 1k fees for 5k loss. Meaning, if you lose 5 times, you are better off with trading your own money than go to enfoid.
FTMO needs only 540 fees for 7k loss
But, for Enfoid you can take back your fees with profit earn.
What I am trying to bring out the point it is common that people will look at leverage etc, account size(with all those excited shouting).
What we should first look is if we trade the fees we paid, can we achieve the same effect
Only then look at profit split/Leverage/account size given/.
- #2,357
- Jul 18, 2021 3:17am Jul 18, 2021 3:17am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
If you reach a 50% win rate with a 1:2 risk/reward ratio, that means the exeptancy of your system is : (0,50 x 2) - (0,50 x 1) = 0,50 This is really outstanding (but non impossible), you're not far from the Holy Grail with such a system. With a 55% win rate, the expectancy rises to 0,65 which is insane. I would stay away from this firm, requirements are too high for my tastes. And I don't like the fact that it promotes only one trading style.
The funny thing is that whilst a trader is forced to progress using the Prop Firms 2:1 RR strategy, after passing the trader is mostly free to trade however they like provided it's profitable
.Challenge is a 2:1 Prop Firm strategy.
Funded is via any profitable strategy.
Perhaps they know it's highly unlikely to ever have to fund a $500K account.
In any case I would not suggest new entrants into the Prop Firm game take on this type of challenge, instead try one of the others mentioned several times throughout this thread.
Perhaps better left to those highly experienced traders who have maxed out other favorable Prop Firm options.
Or maybe leave it alone !
Masterrmind .........
Master your Mind then Master your Trades
- #2,358
- Edited 10:07am Jul 18, 2021 8:38am | Edited 10:07am
{quote}I agree with you on their poor broker choice: Tier1FX is dodgy. Everything else I like esp their very responsive, patient live support.
Actually I'm considering to enroll into LUX programme. Targets are very reasonable (nothing like 10% in 20 days), rules are also quite reasonable ( nothing like trade only Mon, Wed and Thu after the lunch
like FTMO and co. ).Agree, their support is very responsive.
I'll give them more time to show up who they are, and eventually will start with them
- #2,359
- Jul 18, 2021 9:04am Jul 18, 2021 9:04am
- Joined Oct 2010 | Status: Trader | 21,478 Posts
{quote} Your first post on FF is touting SUX trading
Intraday only.