The main reason why doing business with these get-funded programs is a bad idea...

ZTrader888 said:
I didn't know there was a company that would allow a $150,000 account to go below the initial value. What company is that? Thanks.
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Here is 1

FTMO

$200,000 account - $10,000 daily loss limit and $20,000 max loss limit (both the daily loss limit and the max loss limit are fixed drawdowns below $0 - they are not a trailing drawdown)

In your live funded account same thing applies- fixed drawdown for both - meaning you can withdraw all profits made and still have $10,000 daily loss limit and $20,000 max loss limit the day after withdrawing all profits
 
Earn2Trade said:
Yes, we are making it easier for the trader to pass the exam. This has been a long requested change from our candidates and we’ve responded by implementing it. We resisted this change for a long time as we agree that it means there will be a slight difference between the exam and the live account, however we did this to appease the large amount of candidates that requested it.

Unfortunately, it is not feasible to make an EOD drawdown in the live account. The firm will not provide unlimited liquidity on open positions, it simply must manage its risk.

Regarding your other point about the LiveSim, when you are trading in a LiveSim, you are still trading with the prop firm, but only on a simulated account. Truthfully, the funding firm loses much money on the losses of funded traders in the live account. The LiveSim provides the funding firm with an extra step to test the candidates, and if the candidates lose the money, then neither party is required to pay. Keep in mind that the LiveSim is purely optional. It is not in any forced on the candidate, and the candidate is free to go directly to a live account.

Finally, we'd like to add that the only withdrawal requirement with our funding firms is the minimum withdrawal amount, which is $100.00. This goes for both the LiveSim and the live account. Withdrawals are processed every Tuesday. If the trader withdraws more than $500.00 then the funding firm will cover the banking fees associated with the transfer. There are no questionable practices hindering withdrawals with our funding firms.
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I had to ask myself a few questions after reading this response: Yes, we are making it easier for the trader to pass the exam. This has been a long requested change from our candidates and we’ve responded by implementing it. We resisted this change for a long time as we agree that it means there will be a slight difference between the exam and the live account, however we did this to appease the large amount of candidates that requested it."

Why would a "fair" and "honest" and "transparent" business have to get such requests, from the people who make it possible for their existence?!

Answer: Because THEY are NOT!
 
Maku-san said:
I had to ask myself a few questions after reading this response: Yes, we are making it easier for the trader to pass the exam. This has been a long requested change from our candidates and we’ve responded by implementing it. We resisted this change for a long time as we agree that it means there will be a slight difference between the exam and the live account, however we did this to appease the large amount of candidates that requested it."

Why would a "fair" and "honest" and "transparent" business have to get such requests, from the people who make it possible for their existence?!

Answer: Because THEY are NOT!
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Hello Maku-san,

I am not entirely sure what your point is here, to be honest. Is it the fact that we should always follow the rules, as they are suggested by the community, because we are dependent on them? If so, then there would be no rules, just a line of people waiting to get a trading account. We are bombarded with requests on easier and easier rules, or no rules whatsoever, but we don't really see that as a viable strategy.
 
Orianna,
Does your firm actually have true funded accounts or are they like mentioned on another thread all sim even after they are told they are trading a funded account? In other words after someone has earned a funded account are they trading in the live real time markets or are they actually still on a sim, and essentially you cover any money they make until they break a rule and get dropped?
 
tango29 said:
Orianna,
Does your firm actually have true funded accounts or are they like mentioned on another thread all sim even after they are told they are trading a funded account? In other words after someone has earned a funded account are they trading in the live real time markets or are they actually still on a sim, and essentially you cover any money they make until they break a rule and get dropped?
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Hello Tango29,

We are deeply concerned about this issue in our community and have addressed it many times as well. Absolutely, we offer real live brokerage accounts through our prop trading firm partners, and we offer our LiveSim model for those who choose it, emphasis on those who CHOOSE it. All candidates who successfully pass the examination have the choice to go to either.

We've actually addressed this issue many times, as it was a very hot topic in our Discord community. We take pride in the fact that we are very clear about what kind of account the trader is trading. We are transparent with the choices we offer our successful candidates - we consider any other way disingenuous.

Our live accounts are currently ran by Advantage, with another FCM partner added and announced very soon.
 
Pekelo said:
What is the purpose of that and can they still make money with it somehow?
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Hello Pekelo,

You can withdraw funds from the LiveSim, just like you would from a Live account. You can withdraw a minimum of $100, bank fees are waived over $500, withdrawals are done on Tuesdays. The LiveSim is supposed to bridge a gap between a sim account, like the Gauntlets, and a live account. It is supposed to help you get accustomed to the fact that there is money on the line, without giving you the stress of a live account.
 
Earn2Trade said:
Hello Pekelo,

You can withdraw funds from the LiveSim, just like you would from a Live account. You can withdraw a minimum of $100, bank fees are waived over $500, withdrawals are done on Tuesdays. The LiveSim is supposed to bridge a gap between a sim account, like the Gauntlets, and a live account. It is supposed to help you get accustomed to the fact that there is money on the line, without giving you the stress of a live account.
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Huh!? So people can come in not actually trade real money yet withdraw real money? Does your firm take the trades in real time to generate the money to cover these funds? Or is it just an indication of the failure rate is high enough that trial fees cover any outlay?
I'm guessing you realize that paying out for profits that don't actually occur seems a bit off.
 
Yeah, I understand what they are trying to accomplish, but I don't think it works in practice, unless the failure rate is huge. If I keep making 5K a month, the firm is just going to swallow the loss so I can get use to pressure? Micro futures is an easier way to do that...
 
Let me just clarify that we don't "keep doing that" every month. Traders take the LiveSim once, before they move to a Live account.
 
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