Newbie needs suggestions - Funded Prop Firms

T

thayjeff

Hello everyone,

Ok, I am ready for all of the "don't do it that way, do it this way ______(insert advice) comments that newbie posts bring out soo... Let me have it!

But what I really what to know right now is Who are the Best (most reputable)/ Helpful, ect Funded Prop firms out there? I'm new to all of this and what I can find online is mostly (paid) biased reviews for a few. So, I've come across TST (advertises on this site), Maverick, T3...

Thoughts? Others I should consider?

For what its worth, I'm new to Trading, but not new to financial markets, I held a 7 & 66 in the past and worked for wirehouses. I'm looking for something I can do from home & get educated and supported. I'm OK with the upfront money some charge. Price of doing business. Just wanna know who's reputable in your experience..Thanks!.
 
Last edited:
I need a firm that has good, thorough training as well. Ideally a funded trading firm but I know IB is good. I'd rather not try and learn all on my onwn. Does IB have good training?
 
I can shed a little real life, user info on Topstep (TST) and Earn2Trade (E2T).

I'm using TST myself, nearing the end of step 2. I've read the pros and cons on this forum, people seem very polarized on them (and similar firms) as either a great opportunity, or scam. I'm in the boat of believe its a good opportunity. The rules are very clear, so people who break them 20 times and keep resetting then say its a scam to take your money... well you know the game you were playing.

That said I also had an account with Earn2Trade. After my first rule break I didn't bother to reset, not necessarily because they were "bad", but I had accounts going at both TST and E2T, and decided to stick to 1.

I will say this - E2T has much more learning content available. It was worth the 1 month subscription fee to just have access to all the webinars they have. That's one area I'd say TST lacks a bit, not really a formal educational part to the offering. Since learning/education is one thing you focused more on, if you do go with one of the "pay a monthly fee, pass the rules, get funded" companies, I think you'll find E2T is your go to.

TST uses Tradovate, and while its not the most exciting or elaborate trading platform, after using the E2T platforms... I appreciate Tradovate much more. E2T you can use either Finamark (web based) which I thought completely sucked to sum it up, or use the Rithmic data feed software, which wasn't horrible, but going back to Tradovate its just better all around. This assumes you want to use free software they provide. If you pay for something like Ninjatrader, this wouldn't matter at all.

Hope that helps.
 
Last edited:
jtlexington said:
I can shed a little real life, user info on Topstep (TST) and Earn2Trade (E2T).

I'm using TST myself, nearing the end of step 2. I've read the pros and cons on this forum, people seem very polarized on them (and similar firms) as either a great opportunity, or scam. I'm in the boat of believe its a good opportunity. The rules are very clear, so people who break them 20 times and keep resetting then say its a scam to take your money... well you know the game you were playing.

That said I also had an account with Earn2Trade. After my first rule break I didn't bother to reset, not necessarily because they were "bad", but I had accounts going at both TST and E2T, and decided to stick to 1.

I will say this - E2T has much more learning content available. It was worth the 1 month subscription fee to just have access to all the webinars they have. That's one area I'd say TST lacks a bit, not really a formal educational part to the offering. Since learning/education is one thing you focused more on, if you do go with one of the "pay a monthly fee, pass the rules, get funded" companies, I think you'll find E2T is your go to.

TST uses Tradovate, and while its not the most exciting or elaborate trading platform, after using the E2T platforms... I appreciate Tradovate much more. E2T you can use either Finamark (web based) which I thought completely sucked to sum it up, or use the Rithmic data feed software, which wasn't horrible, but going back to Tradovate its just better all around.

Hope that helps.
More...

Sorry to hear you thought Finamark "sucked". I'm sure the Finamark chat team would love to hear more about your feedback so they can improve the product. That said, Rithmic is one of the most integrated data feeds out there, you're not stuck with using Finamark or RTrader, you can use any one of the integrated platforms that support it (Like Multicharts/IRT/etc).
 
jtlexington said:
I can shed a little real life, user info on Topstep (TST) and Earn2Trade (E2T).

I'm using TST myself, nearing the end of step 2. I've read the pros and cons on this forum, people seem very polarized on them (and similar firms) as either a great opportunity, or scam. I'm in the boat of believe its a good opportunity. The rules are very clear, so people who break them 20 times and keep resetting then say its a scam to take your money... well you know the game you were playing.

That said I also had an account with Earn2Trade. After my first rule break I didn't bother to reset, not necessarily because they were "bad", but I had accounts going at both TST and E2T, and decided to stick to 1.

I will say this - E2T has much more learning content available. It was worth the 1 month subscription fee to just have access to all the webinars they have. That's one area I'd say TST lacks a bit, not really a formal educational part to the offering. Since learning/education is one thing you focused more on, if you do go with one of the "pay a monthly fee, pass the rules, get funded" companies, I think you'll find E2T is your go to.

TST uses Tradovate, and while its not the most exciting or elaborate trading platform, after using the E2T platforms... I appreciate Tradovate much more. E2T you can use either Finamark (web based) which I thought completely sucked to sum it up, or use the Rithmic data feed software, which wasn't horrible, but going back to Tradovate its just better all around. This assumes you want to use free software they provide. If you pay for something like Ninjatrader, this wouldn't matter at all.

Hope that helps.
More...

Thanks for your in-detail reply. It does help. I am still in the evaluation phase. I will definitely give those to a look up.

On a side note - Any thoughts (from anyone) on T3 Trading? I am in initial contact with them directly as well..Thnks!
 
Any firm that charges commission probably won't have a good training program. T3 will require a capital contribution and charge commission. Don't expect to learn much from whatever training they try to sell you. I don't think there's any substitute for watching the L2/T&S when it comes to intraday trading.
 
You must log in or register to reply here.
Back
Top