I am looking for reviews and feedback on the various Prop firm from serious traders who have used these platforms, got funded, and got paid! (or if they didn't get paid, I would certainly like to hear about those examples as well).
Thus far, I have checked out,
Topstep
OneUp
Earn2Trade
Finding it very difficult to find reviews on the likes of YouTube from neutral non-associated traders, with reviews on a prop firm generally being put out by the prop firm itself? Is there any reason for that? Are they all super active in getting negative reviews wiped? Trustpilot is certainly full of obviously fake paid for reviews, for all of these Prop Firms, so I can safely discount Trustpilot from my vetting process.
Whilst all the Prop Firms market themselves at Novices (which I am not), the reality is that only a professional trader will be able to get funded, and stay funded in any meaningful capacity....and even then, a few resets might be required, due to the the huge relative risk that the trader has to take on each trade, and of course the various trading rules.
Something I can't get my head around, is the idea of having a trailing stop that includes unrealised profits in the calculation. The only reason why this non-sensical anti-trader rule can be in place, is because the prop firms prefer people to fail, at least a good handful of times before actually getting funded. So that is a big turn-off......
.......Topstep of course operate a static trailing drawdown, which only accounts for booked profits, so that is good, but then they seem to not really want their traders trading the micros, putting the same limit on the number of micro contracts as E-Minis which can be traded.....which is bonkers and of course likely ensures that traders expose themselves to way too much risk which in most cases, will only ever end one way. So with Topstep, it will often be a clean choice between risk $50 or $500, on a trade, with no in-between, whilst the others seem to count 10 micro's as being an equivalent to 1 E-mini, allowing for more appropriate management of risk.
Then there are the platforms. For executions, Tradeovate with Topstep is reasonable. For charting and executions Earn2Trade's Finamark is by far the best free platform available, but the best the other prop firms offer is NinjaTarder8, which for some reason, seems a popular platform with some professionals, but in my view, a platform that doesn't allow for straightforward reliable simple bracket orders, goes right in the sin-bin......finally, anyone who suggests just using RithmicTrader Pro for executions, should be executed themselves.
So as things stand....If want to go the prop firm route, then there is only Earn2Trade and Topstep that offer feasible platforms for executions (charting, I would do with web based TradingView which pisses all over everything else I ever seen, at least for my charting purposes).
Earn2Trade overall, seem to offer the most manageable product, albeit with their nonsensical 'live' trailing draw-down rule, whereas TopStep has a reasonable draw down rule, but very unreasonable rules regarding the number of micros a trader can have open (I understand that the micros are a relatively new product, and not so long ago, only full sized contracts were available to trade, but how being forced to take ~$500 risk when max drawdown is $2K, can be considered viable in anyone's mind, is beyond me).
.....think I am edging towards Earn2Trade......anyone got any good reasons why I shouldn't touch them, or why I might want to look at alternative options?
Thanks.
Thus far, I have checked out,
Topstep
OneUp
Earn2Trade
Finding it very difficult to find reviews on the likes of YouTube from neutral non-associated traders, with reviews on a prop firm generally being put out by the prop firm itself? Is there any reason for that? Are they all super active in getting negative reviews wiped? Trustpilot is certainly full of obviously fake paid for reviews, for all of these Prop Firms, so I can safely discount Trustpilot from my vetting process.
Whilst all the Prop Firms market themselves at Novices (which I am not), the reality is that only a professional trader will be able to get funded, and stay funded in any meaningful capacity....and even then, a few resets might be required, due to the the huge relative risk that the trader has to take on each trade, and of course the various trading rules.
Something I can't get my head around, is the idea of having a trailing stop that includes unrealised profits in the calculation. The only reason why this non-sensical anti-trader rule can be in place, is because the prop firms prefer people to fail, at least a good handful of times before actually getting funded. So that is a big turn-off......
.......Topstep of course operate a static trailing drawdown, which only accounts for booked profits, so that is good, but then they seem to not really want their traders trading the micros, putting the same limit on the number of micro contracts as E-Minis which can be traded.....which is bonkers and of course likely ensures that traders expose themselves to way too much risk which in most cases, will only ever end one way. So with Topstep, it will often be a clean choice between risk $50 or $500, on a trade, with no in-between, whilst the others seem to count 10 micro's as being an equivalent to 1 E-mini, allowing for more appropriate management of risk.
Then there are the platforms. For executions, Tradeovate with Topstep is reasonable. For charting and executions Earn2Trade's Finamark is by far the best free platform available, but the best the other prop firms offer is NinjaTarder8, which for some reason, seems a popular platform with some professionals, but in my view, a platform that doesn't allow for straightforward reliable simple bracket orders, goes right in the sin-bin......finally, anyone who suggests just using RithmicTrader Pro for executions, should be executed themselves.
So as things stand....If want to go the prop firm route, then there is only Earn2Trade and Topstep that offer feasible platforms for executions (charting, I would do with web based TradingView which pisses all over everything else I ever seen, at least for my charting purposes).
Earn2Trade overall, seem to offer the most manageable product, albeit with their nonsensical 'live' trailing draw-down rule, whereas TopStep has a reasonable draw down rule, but very unreasonable rules regarding the number of micros a trader can have open (I understand that the micros are a relatively new product, and not so long ago, only full sized contracts were available to trade, but how being forced to take ~$500 risk when max drawdown is $2K, can be considered viable in anyone's mind, is beyond me).
.....think I am edging towards Earn2Trade......anyone got any good reasons why I shouldn't touch them, or why I might want to look at alternative options?
Thanks.
