Choice between Topstep and Oneup ?

[FTDK]

I'm funded with LeeLoo, its all been good. There's no frills, there's no fancy dashboard like TopStep for example. What you might want to focus on is the rules after funding, that's a big deal breaker for some. LeeLoo's withdraw rules are worse than the others. Withdrawals are only once per month (processed last week of the month) where all other firms are once a week. As well you have to wait 30 days before you are eligble for a withdrawal.

As well in the evaluation phase, the big gotcha is the trailing draw down doesn't stop at the initial balance, and as well it trails your open P&L. So a trade you are in could go up $1K in possible profit, but comes back and you get out for $500 in profit. Your drawdown reflects the fact it was pulled up $1K.

All that said, if you know the rules and are okay with them, I can LeeLoo has been fine. Not my first choice, but not a bad choice.

I put together a site with my review/overview of the programs I've been through - Earn2Trade, LeeLoo, TopStep and OneUp. There's discounts on some of the programs they gave me to give out if you want. https://www.CanadianFuturesTrader.ca

I did briefly check all the rules but i need to do some more research.

Regarding the trailing draw down, i guess that depends on the account you select because in the FAQ they also mention some accounts that have a fixed draw down that does not trail at all, that is until you meet the profit target, then the draw down goes to the initial balance +$100 and never moves from there.

After completing the evaluation account i would always go for what they call the accelerator, the static draw down is only $625, but if one is very cautious with one contract it should be doable to build a larger draw down, since it is static and doesn't trail.

 

[LCK2000]

I did briefly check all the rules but i need to do some more research.

Regarding the trailing draw down, i guess that depends on the account you select because in the FAQ they also mention some accounts that have a fixed draw down that does not trail at all, that is until you meet the profit target, then the draw down goes to the initial balance +$100 and never moves from there.

After completing the evaluation account i would always go for what they call the accelerator, the static draw down is only $625, but if one is very cautious with one contract it should be doable to build a larger draw down, since it is static and doesn't trail.

Yep you got it, sorry maybe I wasn't clear. The non stop trailing drawdown is only in the evaluation, once you are funded you are correct. I also took the Accelerator. The withdraw schedule for Investor is just a bit too drawn out for me. I just took small steps to tiptoe away from the initial draw down until I had built up a nice buffer with the Accelerator. Best of luck which ever road you go!

 

[FTDK]

I gave Speed Up until the end of tomorrows trading session to confirm my refund. Let's see what they are going to reply, if i ever get one.

 

[FTDK]

SpeedUp confirmed i will get a refund, finally some good news.

 

[FTDK]

SpeedUp confirmed i will get a refund, finally some good news.

Refund received, finally something went smooth with SpeedUp .

 

[Big AAPL]

 

[FTDK]

Yep you got it, sorry maybe I wasn't clear. The non stop trailing drawdown is only in the evaluation, once you are funded you are correct. I also took the Accelerator. The withdraw schedule for Investor is just a bit too drawn out for me. I just took small steps to tiptoe away from the initial draw down until I had built up a nice buffer with the Accelerator. Best of luck which ever road you go!

Update:

Just completed the evaluation phase at LeeLoo within the first month. Waiting for the next steps now.

 

[LCK2000]

Update:

Just completed the evaluation phase at LeeLoo within the first month. Waiting for the next steps now.

Congrats! Glad things turned around for you from the Speedup experience to LeeLoo. You should have your performance account in a day or 2 max based on my experience.

 

[ZTrader888]

Congrats! Glad things turned around for you from the Speedup experience to LeeLoo. You should have your performance account in a day or 2 max based on my experience.

Hi - You seem to have experience with all these firms. Which one, in your opinion, has the most straight forward program? In other words, they all seem to have a "gotcha" hidden somewhere which you don't see until you're actually funded.

Leeloo's withdrawal schedule is ridiculous. They're playing with your profits and you can't touch them for at least a month. Then they have this 60 day no trade period on top of that. They do everything they can to prevent a good trader from taking their money out.

Earn-to-Trade has practically no information at their website. What are their hidden "gotchas"?

Topstep now has a 20 second rule and clearly says they don't want scalpers. Okay, goodbye to them.

OneUpTrader is probably the most straight forward, although their withdrawal schedule seems a bit strict.

Speedup Trader: Looks like a scam - poor reviews and experiences from people who have tried them.

So which one would you commit to? Are there any others out there?

Thanks for your input.

 

[Millionaire]

Speedup Trader: Looks like a scam - poor reviews and experiences from people who have tried them.

They are all scams. Just some are slight less scams than others. But at the end of the day they are all scams.