Prop Firm suggestions
1by alessandromagno
Hi guys I need the suggestions of funded traders here to pick my first (reliable) prop firm to start with. I read online many scamming companies or something bad about trading conditions, etc...
Till now I'm evaluating:
FTMO
5ers
MyFundedFx
ForexProp Firm
Form me is important that the leverage is at least 1:100 for EU traders; profit split at least 70/30; max daily DD 5%. Of course is better if it has only 1 eval phase but I prefer a serious firm with 2 rather than a doubt firm with only one
Thank you guys
- Quote
- Thu Feb 15, 2024 8:59 pm
Re: Prop Firm suggestions
2by JohnnyRy
alessandromagno wrote: Thu Feb 15, 2024 8:59 pmI need the suggestions of funded traders here to pick my first (reliable) prop firm to start with.
If I were you, I would post this in the commercial forum: commercial-services-and-offers-f579491.html. A moderator might decide to move it to that subforum.
Having said that, I found that SignalCapital.net has no challenge and no membership fee but has high monthly profit requirements. I believe 6 months of profitable live trading is required to apply which I did. What they don't advertise is the fact that they demand investor access to you MT4/MT5 platform after you apply. I offered up a printed trade ledger from my broker-dealer which they rejected. This caused me to withdraw my application. I believe that they are based in the UK, scaled profit splits max out at 80/20, max loss is 20%, and they claim to cover the losses. This is not an endorsem*nt. As with everything, your own due diligence is required.
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- alessandromagno
“[A]s we know, there are known knowns—there are things we know we know. We also know there are known unknowns—that is to say we know there are some things we do not know. But there are also unknown unknowns—the ones we don’t know we don’t know.”—Donald Rumsfeld, 2002
- Quote
- Sun Feb 18, 2024 3:41 am
Re: Prop Firm suggestions
3by maroka
alessandromagno wrote: Thu Feb 15, 2024 8:59 pmHi guys I need the suggestions of funded traders here to pick my first (reliable) prop firm to start with. I read online many scamming companies or something bad about trading conditions, etc...
Till now I'm evaluating:
FTMO
5ers
MyFundedFx
ForexProp FirmForm me is important that the leverage is at least 1:100 for EU traders; profit split at least 70/30; max daily DD 5%. Of course is better if it has only 1 eval phase but I prefer a serious firm with 2 rather than a doubt firm with only one
Thank you guys
Hi, have you been able to pick a prop firm? How's the journey going?
After several research, I'd vote 5ers to be the best to go for, then you can add ftmo as well after maxing out 5ers. That's my plan though. Cheers!
- Quote
- Thu Mar 21, 2024 3:28 pm
Re: Prop Firm suggestions
4by Ogee
maroka wrote: Thu Mar 21, 2024 3:28 pmHi, have you been able to pick a prop firm? How's the journey going?
After several research, I'd vote 5ers to be the best to go for, then you can add ftmo as well after maxing out 5ers. That's my plan though. Cheers!
alessandromagno wrote:Hi guys I need the suggestions of funded traders here to pick my first (reliable) prop firm to start
Thank you guys
I posted a good video on this topic here;
post1295528026.html#p1295528026
- These users thanked the author Ogee for the post (total 2):
- charli, maroka
- Quote
- Thu Mar 21, 2024 9:43 pm
Re: Prop Firm suggestions
5by ionone
JohnnyRy wrote: Sun Feb 18, 2024 3:41 amIf I were you, I would post this in the commercial forum: commercial-services-and-offers-f579491.html. A moderator might decide to move it to that subforum.
Having said that, I found that SignalCapital.net has no challenge and no membership fee but has high monthly profit requirements. I believe 6 months of profitable live trading is required to apply which I did. What they don't advertise is the fact that they demand investor access to you MT4/MT5 platform after you apply. I offered up a printed trade ledger from my broker-dealer which they rejected. This caused me to withdraw my application. I believe that they are based in the UK, scaled profit splits max out at 80/20, max loss is 20%, and they claim to cover the losses. This is not an endorsem*nt. As with everything, your own due diligence is required.
if you get these returns you don't need prop firms lol
- These users thanked the author ionone for the post:
- JohnnyRy
- Quote
- Sat Mar 23, 2024 4:51 am
Re: Prop Firm suggestions
6by JohnnyRy
ionone wrote: Sat Mar 23, 2024 4:51 amif you get these returns you don't need prop firms lol
It's like you knooowwww. I ditched prop firms completely. That was the only one that bordered on being legitimate, but it suffered a sad ending.
- These users thanked the author JohnnyRy for the post:
- ionone
“[A]s we know, there are known knowns—there are things we know we know. We also know there are known unknowns—that is to say we know there are some things we do not know. But there are also unknown unknowns—the ones we don’t know we don’t know.”—Donald Rumsfeld, 2002
- Quote
- Sat Mar 23, 2024 5:44 am
Re: Prop Firm suggestions
7by ionone
JohnnyRy wrote: Sat Mar 23, 2024 5:44 amIt's like you knooowwww.
I ditched prop firms completely. That was the only one that bordered on being legitimate, but it suffered a sad ending.
as I always say : money is the easiest thing to come by
the hardest is to find a consistantly working strategy
- Quote
- Sat Mar 23, 2024 7:46 pm
Re: Prop Firm suggestions
8by alessandromagno
Thank you guys for your help. I'm still evaluating and 5er like FTMO seemed to be the most reputable. I continue my research and I update any info here
- Quote
- Wed Mar 27, 2024 8:49 pm
Re: Prop Firm suggestions
9by friend4you
alessandromagno wrote: Wed Mar 27, 2024 8:49 pmThank you guys for your help. I'm still evaluating and 5er like FTMO seemed to be the most reputable. I continue my research and I update any info here
In Europe, only use firms that have a headquarter in Europe and are controlled under Esma regulation. Otherwise, you might not get your money back. They might not take USA citizens.
- Quote
- Thu Mar 28, 2024 4:32 pm
Re: Prop Firm suggestions
10by alessandromagno
friend4you wrote: Thu Mar 28, 2024 4:32 pmIn Europe, only use firms that have a headquarter in Europe and are controlled under Esma regulation. Otherwise, you might not get your money back. They might not take USA citizens.
Money back for what? If the Firm refuses the withdrawals?
- Quote
- Sun Mar 31, 2024 4:56 am
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