Recent content by 4Xprop

We are still a sponsor here and accepting traders through FXCM. We are in the process of trying to add an additional broker or two. These have been some exciting times in the FX market and have been concentrating on our existing traders as well as fhiring additional ones.

ES, I will do my best to answer your question. The easiest way to demonstrate why A might be a more desirable trader for us is if we take your example to an extreme (just to make a point). Lets assume Trader A trades 10,000 times during the evaluation period, never has a drawdown...

We are looking for active, short term traders. 4XProp makes no money on commissions. 30 trades per week would be on the low side but still acceptable if they were shorter term as opposed to swing trades. We do want to see trading in realtime as opposed to past statements. We are also...

I'm not sure what we were exposed as. Send us NO money for deposit, training, etc. and we let you trade firm capital without any losses coming out of traders pockets. Are you talking about an IB (not us), getting compensated for the account during the evaluation period? 1) Spreads are NOT...

We have tried to make everything as transparent as possible. All paperwork is sent to anyone requesting it. Spreads are the same whether you go through an IB or not. As a matter of fact, traders with over $5,000 in their FXCM account actually have spreads REDUCED!

We chose FXCM for the following reasons: 1. One of the largest FX firms in the world. This is important to us because since they are so large there is a good chance that interested traders are already trading there. Since we started 4XProp many of the traders already have accounts there so...

We would like to thank everyone who has contacted us about 4XProp. There is NO PIP rebate paid to 4XProp from traders activity. FXCM does pay a rebate to the IB when traders are being evaluated only....not once they are trading prop for 4Xprop. 4XProp only makes money from a percentage of...

4Xprop isn't for everyone. It is for active traders that want to trade professionally. If active trading isn't the type of trading you currently do and are comfortable with than 4XProp probably isn't a good fit. Again, We are looking for traders that already trade actively so we are not...

ES, I will do my best to answer your questions.... We look at a traders typical position size during the EPP....and that will differ depending on the trader. For example, a trader that trades a Standard Account with $2,000 and uses 25x leverage would probably have different position sizes...

The amount allocated to a trader will vary depending on the size traded during the EPP. It will be a multiple of the average position size traded and will be increased based on results of actual trading. Drawdowns will also be dependent of the size of the drawdown experienced during the EPP...

That is very true (except in the US max is 50X). If you are able to take a small account and build it quickly then you do not need our firm nor our capital to trade the size necessary to trade for a living. However, using 100X leverage on your small account doesn't leave much room for error...

That post is from our website and is how we determine if we want to hire an individual to trade a subaccount. Nowhere does it say you have to open a $5,000 account, any Standard Account will work. However, with a $5,000 account the spreads are narrower because that qualifies for FXCM’s...

I just wanted to confirm that we are in NO WAY affiliated with him.

Correct, we are the FX prop trading division of Nevis Trading. Nevis Trading has been an equity trading firm since 2006 and an Elite Trader Sponsor since 2008. Please do a search on Elite Trader for Nevis and will will see that we have an excellent reputation.

We would like to introduce 4XProp (www.4xprop.com). 4XProp is the forex proprietary trading division of Nevis Trading, a leading international proprietary trading firm (and long time Elitetrader Sponsor). We are now hiring forex traders. Please visit our website for more information or email...