Prop Trading Firm TickTickTrader

Now I will compare Tickticktrader 50K account with Myforexfunds 20K account, since their drawdown are close.

Tickticktrader 50K account:
drawdown:2500
profit target:3000
Profit % to pass challenge:120%
trailing drawdown
price:$160/month
activation fee:$149


Myforexfunds 20K account:
drawdown:2400
profit target:1600 for phase 1,1000 for phase 2(phase 1 needs 30 days, phase 2 needs 60 days)
Profit % to pass challenge:67% for phase 1, 42% for phase 2.
fixed drawdown
price:$139 one time fee;
112% fee refunded after passing challenge;2% bonus for passing phase 1, 4% bonus for passing phase 2.So you get $227.68 back after you pass challenge.
one time free extension if you hold positive balance without breaking rules at the end of challenge;
unlimited free retries if you hold positive balance without breaking rules at the end of challenge;
free extension means if you end challenge with 1000 profit(missing 1600 profit target), you start next free trial with +1000 profit balance,so you only need to make 600 profit.
 
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William RIvas said:
Hi, I am new to prop trading and loving it with FundedNext. It has just been a month and I hope to see profit soon. Share your thoughts on FTMO or FundedNext, who is trading with them?
TIA
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Here I compare fundednext and FTMO:

FundedNext 25K account:
drawdown: 2500
profit target:2500
profit % to pass challenge: 100%
fixed drawdown;
price: $199 one time fee
15% profit if any demo phase end up in profit
fee refunded after passing challenge
free unlimited retries if any demo phase end up in profit without breaking rules

FTMO 25K account:
drawdown: 2500
profit target:2500
profit % to pass challenge:100%
fixed drawdown
price: $308 one time fee
fee refunded after passing challenge

So we can see FundedNext is better than FTMO in 3 respects:

1. FundedNext price is cheaper;
2.FundedNext can earn money right from demo phase;
3. free unlimited retries

So overall FundedNext beats FTMO.

But if we compare FundedNext with Myforexfunds:

what FundedNext is better: 15% profit in any phase of demo( Myforexfunds has bonus for 2% and 4%, but is less than FundedNext 15%)

what FundedNext is worse:
1. FundedNext price is more expensive
2. FundedNext does not have free extension
3. FundedNext's profit targets(100% and 50%) are higher than Myforexfunds(67% and 42%)

So overall Myforexfunds beats both FTMO and FundedNext.
 
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wmwmw said:
Next, watch for trailing drawdown.
Trailing drawdown is much more difficult to pass challenge than a fixed drawdown.
FTMO and Myforexfunds both have fixed drawdown.
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Trailing drawdown is also worse for intraday session trading
FTMO $200k account as an example with a fixed daily drawdown of $10,000. During the same session your profits increase the overall drawdown amount--example--you are up $8,000 in the session, you now have $18,000 drawdown limit ($10,000 plus the $8,000) within the same session, meaning if you are so inclined to keep trading you have a much larger cushion to potentially build more profits on or scale up if so inclined - or scale down to protect already generated and continue trading--whereas for example with APEX trading their $250K account only has a $6,500 trailing drawdown--meaning with the same scenario you are up $8,000 in the session--if you continue trading and lose $6,500 and are now only up $1,500 on the day but you have failed and lost your account--whereas with FTMO if you were up $8,000 and lost $6,500 in same session you end the day with $1,500 in profits (because you still had $11,500 in cushion left as fixed drawdown $10,000)
 
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