Trying to Manage these Trading Combines. Anyone else?
- Thread starter legionx
- Start date
No problem. In general I would stay away from any company that is unwilling to share the funded contract terms prior to taking a challenge
while they may not want to put it on their website for all to see what they should do is send it for review to those traders who have signed up to take the challenge and have you
Acknowledge that you have read it prior to starting the challenge so you have been made aware of the terms
If they won’t do that then at the very least they need to put on their website all the major terms and fees of a funded acct including any reserves holdbacks or other things potentially detrimental to the trader’s split and net take home income
while they may not want to put it on their website for all to see what they should do is send it for review to those traders who have signed up to take the challenge and have you
Acknowledge that you have read it prior to starting the challenge so you have been made aware of the terms
If they won’t do that then at the very least they need to put on their website all the major terms and fees of a funded acct including any reserves holdbacks or other things potentially detrimental to the trader’s split and net take home income
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https://ibb.co/bJBMZRf
I think this is a Deal Breaker for every Trader who wants to trade for Apteros Trading.
I think this is a Deal Breaker for every Trader who wants to trade for Apteros Trading.
I took 12 trading days to pass this, no resets. Not bad for an EOD company 
. Waiting for my contract now, hope there isn't a bunch of hurdles and restrictions like "if you have any other trading accounts please tell us and we would need to see the statements of those accounts" or " you will need our permission to trade other accounts" or "after 40 days, you are eligible for 80% profit split" or "if your account is not in the positive after 15 days, we will close your accounts", blah blah blah.
. Waiting for my contract now, hope there isn't a bunch of hurdles and restrictions like "if you have any other trading accounts please tell us and we would need to see the statements of those accounts" or " you will need our permission to trade other accounts" or "after 40 days, you are eligible for 80% profit split" or "if your account is not in the positive after 15 days, we will close your accounts", blah blah blah.Attachments
I took 12 trading days to pass this, no resets. Not bad for an EOD company
Sounds bad. In my opinion just earn2trade make a good offer, all other Prop Firms has some
disadvantageous rules.
Sounds good. I have not seen Uprofits' contract yet but they Sound good. Discount on their program for July. Multiple accounts you can acquire, you do not have to wait at EOD for them to switch your commission for micros from standard to micros. I would say Uprofit is setting the bar for Evaluation atm but like I said, I've not seen their contract yet. Good Luck. BTW, I am in an evaluation with Earn2Trade. One of their Obstacle is still "maintain consistency" rule which if you are having a great day in profits, you might not be encouraged to continue on fear of making too much profits. With Uprofit, you do not have to think of such worrisome characteristic.
Sorry i misread , i read they are these restriction. I wish you the best for the contract !
These "maintain consistency" rules are not a problem for me, i trade with low risk but also i have no super big winner days.
What i like with e2t is you trade in the real market and not on sim after funding, the daily loss limit are permanently removes after the lower threshold of the trader's maximum drawdown reaches the account's starting balance and the Drawdown is EOD.
I took 12 trading days to pass this, no resets. Not bad for an EOD company
Im funded with them. They are very fast in getting your account set up (3 days for me) and there's nothing weird like you mention about having other accounts you need to disclose. Can't say I've seen that with any of the companies I've passed.
No positive for 15 days stuff like OneUp.
There is a safety net and a 41 day rule, it's all on their site. Basically you can withdraw before day 41 but its a lower split, but the first $8K is 100% yours regardless if before/after day 40.
https://help.uprofittrader.com/hc/en-us/articles/360039964011-UProfit-Live-Withdrawals
There's also an assignment fee to set up your account. Hope you know about that.
https://help.uprofittrader.com/hc/en-us/articles/360050068711-Assignment-Fee
hello @CdnFtrsTdr, I knew about the Assignment fee just like like Leeloo trading in that regards, wish they were offering a discount for that too since it's still July lol. At least, Uprofit is straight up transparent at the moment with what it's offering. I think you are funded with Apteros atm? I am not sure, I look at your youtube channel from time to time, great vids and informative too. Good Luck with these firms.
Not sure how the below is a good thing.
the daily loss limit are permanently removes after the lower threshold of the trader's maximum drawdown reaches the account's starting balance and the Drawdown is EOD
What this means is: The daily loss limit is removed after you make in profit equal or greater than the starting drawdown amount
however you must realize at that point (when they remove the loss limit) they are no longer providing you with any funding from that point forward and you are only trading with your profit as your cushion so you are then essentially handing over 20% to them for trading with your own money
Example: your live account has a $4500 drawdown limit. You generate $4,500 in profits
And your account is +$4,500. They inform you of the news that your daily loss limit has been eliminated
now at that point if you withdraw all $4500 you made guess what—your account is closed—why?
Because now you now longer have funding from them. They took away the loss limit and now your new “loss limit” is your own $4,500
If you withdraw $4,000 at that time then your loss limit is now only the $500 you have left
If you withdraw all $4500 your acct is closed because their is no funding from them anymore
the daily loss limit are permanently removes after the lower threshold of the trader's maximum drawdown reaches the account's starting balance and the Drawdown is EOD
What this means is: The daily loss limit is removed after you make in profit equal or greater than the starting drawdown amount
however you must realize at that point (when they remove the loss limit) they are no longer providing you with any funding from that point forward and you are only trading with your profit as your cushion so you are then essentially handing over 20% to them for trading with your own money
Example: your live account has a $4500 drawdown limit. You generate $4,500 in profits
And your account is +$4,500. They inform you of the news that your daily loss limit has been eliminated
now at that point if you withdraw all $4500 you made guess what—your account is closed—why?
Because now you now longer have funding from them. They took away the loss limit and now your new “loss limit” is your own $4,500
If you withdraw $4,000 at that time then your loss limit is now only the $500 you have left
If you withdraw all $4500 your acct is closed because their is no funding from them anymore