If i would be seriously interested in going with a funded trader program i would probably pick UProfit for the end of day drawdown and payouts whenever you want. Only downside there is they never get rid of the daily loss limit, which doesn't make sense either, but that's the same with E2T. As a non US resident the structure E2T uses isn't as interesting since it complicates things a lot and most accountants here don't even have experience with anything like that.
Being an independent contractor is much better for me, that's why i would probably pick UProfit over E2T.
Anyway, i will post in 4 weeks time to give an update on my withdrawal, if i still have the account at that point.
Did you withdraw your money?Still trading the account, couldn't withdraw yet because i haven't met the minimum day's traded rule on time ... Such a stupid rule.
I just noticed Apex changed a few of their rules, for example 100% of first $25K payout, first payout after 10 day's and you can now request payouts twice per month.
If i were to do this again i would definitely pick Apex over LeeLoo.
Do you know anybody who traded oneuptrader and withdraw money?I see. Thanks for filling me in.
Sure. There's a long thread about it here where I write what happened in the second post, I think.
The main reason why doing business with these get-funded programs is a bad idea... | Elite Trader
Basically, I broke a rule knowingly, but I also did it because it was said they would issue 2 warnings first on a rule break. My account was liquidated being very much in profit. That's when I realized they're not interested in funding traders and liquidated me in order to not have to pay me.
Do you know anybody who traded oneuptrader and withdraw money?
Could you tell whats the rule (oneuptrader)?They also have a scaling rule once you're funded.
Are you about oneuptrader?i have not done them in a while but they are one of my favorite. Easy withdrawal procedure.
I asked about scalling rule after funding account.Not sure what you're asking? The rule about drawdown is that it trails intraday, not calculated at the end of the day like most firms. So if you have a few bad trades, it immediately goes against your drawdown and stays there even if you finish the day positive. If it's an EOD drawdown, the drawdown is calculated at the end of the trading day. Hope this answers your question.