Drawbacks of copying my own trades to other brokers?

[jdan43]

I am looking to scale up my profitable trade strategies across a couple of prop firms. In this way I can 'pay to play' with a large amount of (virtual!) capital quite quickly.

I sense some risk here in that each brokers tick data is subtly different, but since I am executing based on indicators/algo, as long as my primary signals to get in and out correctly, then all I need to access to is approximately the same liquidity from other brokers with the copied trades.

I am trading on 2H/4H so spreads and spikes shouldn't be much of an issue...I think...

What do I not know guys??? Please enlighten me!

 

[TrAndy2022]

I am looking to scale up my profitable trade strategies across a couple of prop firms. In this way I can 'pay to play' with a large amount of (virtual!) capital quite quickly.

I sense some risk here in that each brokers tick data is subtly different, but since I am executing based on indicators/algo, as long as my primary signals to get in and out correctly, then all I need to access to is approximately the same liquidity from other brokers with the copied trades.

I am trading on 2H/4H so spreads and spikes shouldn't be much of an issue...I think...

What do I not know guys??? Please enlighten me!

A lot of props do not allow copying trades outside their own accounts. So you cannot do it. You need to read each props its terms and conditions if that copying is allowed expressis verbis. In doubt do not do it, otherwise you cannot get your payout. Second, not many real props are there doing payouts without any issues. There is only FTMO of FX prop and APEX on futures prop. All others are much worse. With the recent programme of FTMO you can get up to $1 million in funding if you keep your funded accounts with them for a bit longer. I would not look elsewhere really. Most props convert to scam artists when they get payout problems because it is all financed from the challenge fees. Keep that in mind. There are only FTMO and Apex, doing large payouts without issues, and that for years now. It is better for you to concentrate on those two props. My opinion.

I had for example a $50k payouts with Bespoke Funding program before they kicked me out without breaking any rule. I was just too profitable for them so they decided to discontinue the services. And I had $800k funded accounts with them and it took me several months to get to the funded status, because passing the evaluation takes time and efforts. Of course I got some payouts with them, but this is nothing for the longer run. That is why staying with FTMO is better. They do not kick you out. Other props than FTMO are no better. Apex is the best prop for futures, there are some traders who got over $1million in payouts for just a few months. No one else is paying out that much to their traders. Keep that in mind when choosing such prop firms.

 

[Robert Morse]

Your member's name says you live in London. I have no idea what the rules are in the UK or EU, just here in the USA. Here, dual registration is almost never done. You would need allocations from an unregistered prop firm and or multiple hedge funds. This is possible but hard to get. They don’t like to share.

I am looking to scale up my profitable trade strategies across a couple of prop firms. In this way I can 'pay to play' with a large amount of (virtual!) capital quite quickly.

I sense some risk here in that each brokers tick data is subtly different, but since I am executing based on indicators/algo, as long as my primary signals to get in and out correctly, then all I need to access to is approximately the same liquidity from other brokers with the copied trades.

I am trading on 2H/4H so spreads and spikes shouldn't be much of an issue...I think...

What do I not know guys??? Please enlighten me!

 

[jdan43]

A lot of props do not allow copying trades outside their own accounts. So you cannot do it. You need to read each props its terms and conditions if that copying is allowed expressis verbis. In doubt do not do it, otherwise you cannot get your payout. Second, not many real props are there doing payouts without any issues. There is only FTMO of FX prop and APEX on futures prop. All others are much worse. With the recent programme of FTMO you can get up to $1 million in funding if you keep your funded accounts with them for a bit longer. I would not look elsewhere really. Most props convert to scam artists when they get payout problems because it is all financed from the challenge fees. Keep that in mind. There are only FTMO and Apex, doing large payouts without issues, and that for years now. It is better for you to concentrate on those two props. My opinion.

I had for example a $50k payouts with Bespoke Funding program before they kicked me out without breaking any rule. I was just too profitable for them so they decided to discontinue the services. And I had $800k funded accounts with them and it took me several months to get to the funded status, because passing the evaluation takes time and efforts. Of course I got some payouts with them, but this is nothing for the longer run. That is why staying with FTMO is better. They do not kick you out. Other props than FTMO are no better. Apex is the best prop for futures, there are some traders who got over $1million in payouts for just a few months. No one else is paying out that much to their traders. Keep that in mind when choosing such prop firms.

I was and am looking to include FTMO in the mix here actually as I am suspicious of funding firms - but will extract what value I can out of them.
Even if I cannot copy I can very just exploit Tradingview/Pineconnector to the same ends so they look like primary not 'slave' trades.
Responses so far haven't mentioned or affirmed that the slight differences in liquidity would be an existential blocker (I might get stopped out on a trade or two over time but nothing major) ?

Thanks so far chaps!!!