Yep - time to just give it up traderjo
Its very obvious to objective clear thinking individuals what these firms do and why they do it and that they are not changing their model.... no matter what you say to them on this board even if hundreds of other traders agree with you on this board. The only way they will ever possibly change their model is if the are under monetary pressure to do so because another company introduces a new tryout and funding program for aspiring traders that is directly eating into a substantial enough chunk of their market share and they see their cash flow seriously eroding as people flock to something that is clearly better.
Right now that better deal doesn't really exist---the reason why it doesn't exist might be because the only way to make decent money in the tryout and funding traders business is to unfortunately just do what the existing firms do now and the same math that they do as well----- so in that sense if you want to start a new tryout company and funding company for traders - if you want to make a profit you may just have to pretty much replicate what everyone else is doing if you want to make any money at it and then try to gain an edge with better marketing, promoting and service and perhaps giving away at no additional charge things that some of the other firms charge for like educational materials, training and other stuff
You have to do enough research to see if there is a substantially better way to offer tryouts and funding to Traders that offers a better value to Traders in the tryout phase and also provide a mathematically superior funding program for the Trader to make a better living on if they pass and are funded
--- all while:
a) creating a tryout that is still pretty hard to pass so you are getting people that appear to have some trade ability
b) running a scaleable, sustainable profitable business model
As far as technology and data Most of these firms use Rithmic, some use Tradestation and some use Tradovate.
Traderjo - perhaps your time would be better spent coming up with a much better solution that offers the trader more value than what Topstep, Earn2Trade, FTMO or any of the other companies in this business currently offer.
contact Rithmic Data
contact TradovateTechnologies
https://www.tradovatetechnologies.com/api
contact Tradestation
All the technology to run this type of company is out there already - it really comes down to coming out with a better solution that customers (traders) like much better than what FTMO, Topstep and E2T and others offer, having decent funding and a good business plan to grow the company to consistent profitability, and doing some very good marketing and PR
So traderjo (or any other people out there that believe these companies could and should offer something better) spend some time doing some meaningful research to put your own deal together that is better than what the existing companies offer and grab your own share of the market
Yer spitting into the wind, man.
