Prop Firm Hub

-Any firm that imposes such strict rules does not have the best interests of their traders in mind and is not worth considering in my opinion, especially when there are so many better options available.

Sorry, but you do not get a better offer, especially for starters. You have no challenge here, only instant funding with score of 4, which means you get 4 times of your fee/money a drawdown to trade with. I cannot imagine of a better offer right now. If you do not trade every second day at least, then you must be a pure swing trader. Maybe for those kind of traders their 3/7 rule can be a problem. But I do find that this rule is very limiting at all. You can also open 1 lot or 40% of your average lot size a position for about bit more than 1 minute on EURCHF or AUDNZD where pairs do not move a lot in small time periods. Then you have your missing trade, if required.

I do not know much about the offer. But any firm that requires me to trade three times a week can kick rocks. That's just my personal opinion. As a trader, I've no interest in being employed by someone else. To each their own, though.

That is not a good offer because of the low profit split. You can do better a challenge or trade with your own money, like 1 % grow over years.

Please take the "score" aside, it's just an imaginary number that does not reflect reality.

I'm guilty by knowing, that I'm unable to trade 3 days every week for all the weeks that remains me to live in my life.
But I know that this thread is full of great traders who can.

Ugh, really? Ok, that sounds really professional.

Exactly. Such rule is obvious evidence of what the firm is looking for. And they excuse it as a rule testing trader consistency. Big bullshit.

-Yes. I believe that it would be foolish for anyone to think that they can guarantee that sort of commitment. There are so many unforeseeable events that can happen in a person's life; health, weather, accidents, fire, theft, server problems and various outages etc.. Even so, I value my time, flexibility and freedom.

-If that is true, then I would agree that you are very right with your assessment.

Can I use E.A.?
EAs aren't allowed.

There is a short video about how to deal with these people:

Agree.

In addition, this intentionally vague rule is just another red flag for me. I didn't search too hard but how do they define "big differences" in lots sizes? I guess the trader will find out when they get denied their profits. No thanks. Either I trade when and how I want to or I don't use your firm

It is the described in their terms exactly what are big differences in lot sizes. It is 2.5 factor of your average lot size. Those trades then does not count to your gains.

Trading the equivalent of 2.5K on a 100K account is not that appealing. throw in the vague consistency rules + minimum trades per week and it's a hard pass.

I use variable stops (FX 5-23 pips, u30 30-150 points), so my position sizes @ = risk can be dramatically different. I average about 26 trades a month, so 3 trades in 5 business days would not be an issue. However, I stop trading for the rest of month on the 1st day I reach >4% EOD. I was also completely non functional with covid last year for 30 days and missed another week to attend an overseas wedding... life happens.

I know it is only 2.5k equivalent. That is why I said it is best for starters in the prop firm space to generate sone cash flow from profits. If you compare Overview Funding Program with FTMO where the score of FTMO is only 3.2 it means you need to do 15% on a 100k account first before you get funded. On OFP you already would have 25% of 15k profits in your pockets. So doing challenges on other prop firms than OFP are much more difficult to achieve than just trade from day 1 and profit here as it is instant funding. That is the big difference. Of course their consistency rules are also bit annoying, but it can be done. Everything is described in their terms & service. So in my example on OFP you would have $3750 payout when doing 15%, while on FTMO you need to pass the challenges only. 540 € fee times 4.48 which is 15% on 10% DD with Euler compounding = 2420 €. So you would have on your own account 2420 € when passing FTMO, while on OFP you already would have $3750!

And do not forget there is no time pressure on instant funding models like Overview Funding Programm prop firm has it. You can trade very small, there is no time limit!

On FTMO when you pass the challenge you have nothing but a funded account. If you then do 10% of a 100k funded account you get $8k payout as profit split. If you do the same on OFP prop firm you have $3750+$2500=$6250 so not that much lower than on FTMO. But you had not the stress like on FTMO meeting their goals. And trading conditions are at least comparable too. If you trade with OFP you trade with IC Markets conditions which are one of the best trading conditions you can get. So..?

In OFP terms and conditions it is describes exactly what they understand under gambling about the lot size consistency rule. There is no room for interpretation here.

5.9 Gambling Policy
We consider a trader’s trading behaviour as “gambling” if it breaks any of the terms laid out in this policy by the Prop firm.
Genuine traders, consistent traders, beginners, and advanced traders who use a method and a consistent style of trading are not prone to violating the gambling policy as laid out by the prop firm and understand that trading requires a method and consistency.
This program runs a daily check on each account to monitor the trading behaviour and flags suspicious activities. Clients who trade on an Overview Funding Program account must show they are in charge of their risk management.
Once a position, or multiple positions, is flagged as gambling, it will be removed and will not count towards the pay-out, and we will send the Client an email explaining why certain trades were removed. The Client has the right to appeal this decision by explaining his or her strategy and the risk involved in the trade. Following the Client’s explanation, the Company will conduct a second review of the account and draft its final judgment, which may be the same as the previous one or a new one.
Trading behaviours that are prohibited by this program include:
(i) Your lot size average is abnormally large:
We will compute the average of your lot sizes for every single pair and if one or more trades present a lot size that exceeds 2.5 times your average lot size they will be considered a violation of the gambling policy.
Let’s look at the example below representing one trading week for one pair:
3 trades executed with 0.20 lots
4 trades executed with 0.50 lots
2 trades executed with 0.60 lots
3 trades executed with 3 lots
The software will flag the three (3) trades with a lot size of 3 (3) as abnormally large. The average lot size is 1.07, thus 1.07 x 2.5=2.68 represents the maximum allowed lot size. Trades opened with three (3) lots exceed the maximum allowed lot size and will not be counted as valid trades.
The same policy is valid on contrary, the minimum lot size is 1.07/2.5=0.43 lots.
It’s important to note that this policy will not result in an account suspension, but rather in a trade or trades not being counted towards a pay-out.
Because each week is different, you are free to use completely different lot sizes in the following weeks.
A trader who increases the lot size above the average will be investigated and his or her trade(s) will be invalidated.
Do you want to increase your lot size?
We recommend waiting for the new trading week instead of pushing your lot size to exceed your average during the current trading week. The account reset occurs at the start of each new week, allowing traders to begin trading with larger positions.
Our program allows traders to trade with no lot size restrictions, trade news, and keep positions open at all hours of the day and throughout the weekend. Trading with an abnormally large lot size will be detected by the software if the trader tries to take a chance (on news events, reports, or merely just trying to be lucky) by placing an order and dramatically increasing the lot size from the average kept over the previous days of trading in order to attempt a lucky shot and profit when the trader would not normally trade in this manner, especially when using a real account.

There is an easy solution for this lot size consistency rule. You only need to calculate your lowest trade lot size for any entry with your risk management rules, then you only need to multiply if for your largest trade size to get it conform. They do not count how many trades you have open with a certain lot size on any symbol. So if your lowest trade size is for example 1 lot, and then you want to enter with 5 lots on another trade. You only need to open 5 times 1 lot and voila you have your position size.

There is also no downside limit on instant funding accounts you should not forget. On FTMO when you try more than 3 times in average to get funded, then it is not worth considering. The chances to pass Phase 1 and Phase 2 combined together with at least 31.25% are relatively small as the user statistics showed. So whenever your chances are small and that is mostly true especially at the beginning when you start with prop firms then one should consider Overview Funding Program, as you have the same good chance even you failed to do any profit 99 times. Even on your 100th attempt to catch some profits, you still have the advantage of this OFP offer.

Only 1% to 4% make it to the funded account status at MFF as their statistics showed. But with score of 7 at least 14% should pass. So >70% of traders only feed MFF.

I have just calculated the upper limit of profit you do within a month whether you can decide being indifferent trading on your own personal account and compound there versus to do the prop firm offer. On OFP instant funding offer, I get the following table as upper limit. First profit cell is :=2,71828^(C4)*A4. OFP Payout is: =25%*10000*C4. And Upper Limit which calculates the percentage profits based on the given drawdown is here: =C4/10. So you have all the required formulas here.

So the conclusion whenever you (feel) be able to do more tha 21.53% or are actually doing it then trading on your own personal account beomes more favorable here.

Here are some other upper limits shown on different prop firm offers like MFF or FTMO on their 100k challenges versus own compounding on personal based on the fee.

You see here the trade-off from upper limit, which expresses the percentage you need to profit on a 100k challenge on said prop firm. Whenever you do more profits in percentage on a month or payout time period then you profit starts to be higher on your own compounding on your own personal account. So this is the trade-off point.

So whenevery you see traders in the prop firm rankings doing over 33% per month or payout time period then they should be only very lucky at this month. Otherwise it would not make sense for them than just trading their own personal accounts, because with compounding they generate more profits here. So take rankings with 'salt'.