Prop Firms, [05-Oct-22 5:28 PM]
[Forwarded from Mahmudul Hasan Nahid]
Propfirm Rating
Hello Guys,
Hope u all are having a safe trading journey. Market is so volatile with news coming every now and then.Many traders having a difficult time,so,follow proper money management.
Well, presenting now this month's rating and review on propfirms.
It has been really a very tough job to rank the firms, because each and every firms are doing a great job,honestly.Improving day by day,bringing exciting features,competitions,giveaways and many more things! So, slightest of points have been considered in this rating.
Our group 'Propfirms' always there for the traders providing everything we can to support them. Plenty of traders got help from us solving their problems. It has been a great platform for all of us.
This rating and review is based on month long analytics, opinions and reports, we don't just publish things unknowingly, we judge with hard work and perseverance. Each and every details are considered. We are always with the truth.
Many of u ask about many new and unauthorized firms,well I would suggest u all to stick with the listed proven firms and be safe. Just read our rating and u will get to know everything u need to decide.
So lets get into it now.
Our Propfirms list:
Category: A
(This category is for the companies offering mainly challenge programs(basically of 2 stages). All of these firms are really good and professional.)
*Myforexfunds★5
*FTMO ★5
*True Forex Funds★5
*Finotive Funding ★5
*The Funded Trader ★5
*E8 Funding ★5
*The Prop Trading ★5
*Core Capital Funds ★4.6
*Blue Guardian Capital ★4.6
Category: S
(This category is for the firms
that offer various types of funding models different than classical challenge or instant funding models)
*Funded Trading Plus ★4.9
*CTI ★4.9
*5%ers ★4.8
*Audacity Capital 4.8 ★
*Overview Funding Program 4.6 ★
* Blufx 4.1 ★
Category: N
Special list for the new and promising firms
First Class Forex Funds 4.5 ★
Following factors are considered in this rating:
1.Authenticity:
In here,I have checked:
Legitimacy
Stability
Origin
Strength of the company
2.Confidentiality:
Transparency
Popularity
Office location
Contacts
Performance
3.Website design and Dashboard:
Dashboard and matrix is an important aspect of a firm.In here I have checked how well their website is developed.
Information availability
Dashboard technology and matrix features
Easily accessibility
Dashboard automation
4.Pricing:
I have compared the prices of relatable challenges.Moreover, according to terms and rules of challenge or direct funding models.
5.Rules:
In this title I have checked
Any restrictions in trading rules like news trading etc
Allowance of hedge,EA etc
Drawdown criteria
Any hidden rules
Any lot size limitations
and more
6.Trading Conditions:
Daily and max drawdowns
Spread
Slippage!!!( Very important aspect)
Trading Instruments
Trading time allowance and retakes
Scaling plan etc
7.Payouts:
Amount and frequency of payouts
Time taken for processing payouts
Any payout complains etc
8.Support and Services:
Time taken to provide account details
Live chat and support availability
Approach of CEO and stuffs towards traders
9.Renovations and Offers:
Creativity
Bringing something new to this industry
Unique features
Promotional offers
Webinars and giveaways
10.Transaction methods:
Payment and withdrawal methods available
and many more factors are considered.
Now some in depth discussion about firms:
MFF
Myforexfunds undoubtedly the top firms of the industry right now! Their service has been superb!
MFF is one of the most popular firms out there. Upgrading and improving on a regular basis.Good customer service and enormous payouts,highest customers brought them to the top!
Pros:
1.Low Price
2.Quickest live account provision( Almost instant),no other company is as fast as them!
3.Minimum days only 5
4.Bonus payouts from stage 1&2
5.12% overall drawdown
6.Favourable Spreads
7.Favourable Commission
8.Updated dashboard
Cons:
Prop Firms, [05-Oct-22 5:28 PM]
[Forwarded from Mahmudul Hasan Nahid]
1.Relative DD rules
2.Customer Support live chat
3.Huge slippage issues.
Previous month review:
MFF brought another block buster! They have introduced
'VIP' services. Where u can get-
* 90% payout!
* Withdraw any time!!!!!!! no restrictions
* Semi automated super fast withdrawal! and many more gifts! Well, don't get carried away,u have to earn ur place in the vip team!!!!
A very clear month from MFF.
No complains,Regular quick payouts.
Highest numbers of customers and payouts!
Weekly recap videos
Successful traders interviews
Weekly stats!
MFF has added 5k and 300k size evaluation accounts!
All in all, The best firm out there!
What to expect:
Maintaining such a high volume of customers is really awesome!
Their huge slippage causing some concern. I hope they would take care of it.
Their customer service is so slow at times which can be improved.They have a lot to do in customer care services(Fast live chat, less time in Email replies etc).
Modifications in evaluation would be great,like:
1.1st payout within 2 weeks!
2.1st profit split can be 80%(like most of the firms)
As competitions rising,improvements are expected too.
FTMO
FTMO the pioneer of the industry! They've been best for such a long time! They are still good,but they require some updates too! They have huge customers and huge amount of regular payouts!
Opinions about FTMO:
Pros:
1.Customer service
2.Fast payouts
3.Payout methods (cryptos!)
4.Biweekly payouts
5.Limitless Trading Style
6.Absolute DDs
7.Automation
8.Dashboard
9.Trust and reliability
10.Free Trials
Cons:
1.High Subscription Fee
2.Stage 1 10% target
3.Restrictions in news trading, holding during weekends ( swing account solves it though)
4.Slippage issues
5.Minimum 10 trading days!!
Previous month review:
Last month FTMO had some mixed reviews!
Some traders faced payout rejections and restrictions in trading style, they emailed about same trading style etc! Well this was really concerning,but they solved it afterwards.
Regular good amount of payouts.
*From now on free margin will be calculated from account balance,not equity!
*Max lot for forex pairs in one position- 50 lots! (I personally didn't like this update though)
*They are the only firm to add payment method skrill till now!
What to expect:
I would expect from FTMO to solve or reduce slippage issues,though its normal in live conditions but still it can taken care of.
Instead of bringing new limited
terms for traders FTMO can bring some new features or offerings in their program as well as reduce their target or minimum trading days.well,competition is getting tough!!
We all trust FTMO and expect them to be clean and clear.
Hope they would stay that way.
TFF
True Forex Funds, another legit firm.They have been stable and trustworthy. Big and quick payouts, low targets at a reasonable price makes them worth a try.
Pros:
1.No minimum trading days
2.Stage 1 target 8% and stage 2 target 4%!!
3.Bi-Weekly Payment
4.Instant account details
5.Reasonable price
6.Only firm to allow retry from phase 2!!!!
7. In time payouts! No delay at all
Cons:
1. 5 active trading days for biweekly payout
3. Huge slippage
Previous month review:
TFF gave their website and dashboard a new look! They have brought withdrawals button! and new section for certificates too!
They are working on bringing direct crypto payouts! WOW
No payout issues
No complains
What to expect:
First and foremost thing for them is to take care of the slippage issue.this problem effects even normal trades and Tp doesn't hit in correct price. That's really concerning!
5 active trading days for biweekly payout looks complicated to me.
They could also bring some new and attractive features for the trading community.
Finotive Funding:
Prop Firms, [05-Oct-22 5:28 PM]
[Forwarded from Mahmudul Hasan Nahid]
Finotive Funding has earned their place to the top by bringing some mind blowing features. Not only they offer standard challenges,but also best instant funding model in the market.That makes them a complete firm.U ask me All rounder in propfirm? Finotive it is!
Pros:
1.7.5% target(lowest) in phase 1!
2.80% profit split in classic challenges and 60% in instant funding model (using our code 'propfirms')
3.Instant funding model with 1:100 leverage and no monthly fees.
4.Standard and friendly communications
5.If you are in loss of your funded account(classic challenges)without violating any rules, you will be given a fresh new account with full balance at the start of a new cycle of trading free of cost!
6.Trading in weekend and during news are absolutely allowed
7.Weekly payouts
8.Very low spreads(no commissions in challenge phases)
9.No slippage
10.Best and quickest support service
Cons:
1.Maximum 3 positions in a single instrument at a time.
2.Responsible trading policy( Complaint by a lot of traders)
3.Profit split 25% (if funded account lost by a trader). This feature is also complained by many traders!
Previous month review:
Finotive funding had some big updates!
After adding their own server successfully,Finotive introduced 'MT5' with max position protection,less price and commission.It will be followed by some more automation and Next-gen Dashboard! Well done!
News trading is also allowed now!!
They have also introduced trading competitions! where u can get instant funded accounts too!!! Great initiative!
What to expect:
I would expect them to keep this energy and service running.
They can also reconsider their terms and try to fulfill traders demand
(Like, Relaxing RTP Rules, 25% profit split if failed, RTP parameteres in dashboard etc)
as best they can from their end!
Best of luck!
TFT
The Funded Trader, a name of trust nowadays as Blake himself reviews other propfirms.They are the most active firm out there,always interacts with traders,take care of them.Large amounts of payouts and innovative tournaments, giveaways are
really amazing.
Pros:
1.Highest and absolute DDs (12% overall and 6% daily DD in standard challenges)
2.Lot of competitions and giveaways
3.Regular big payouts,In time payouts
4.Funded account leaderboard
5.Reasoable spreads and commission(Eightcap broker)
Cons:
1.News trading not allowed
2.Only 8% overall DD in rapid challenges
3.IP address tracking.
Previous Month review:
TFT has brought their long awaited Trade Hub.
It includes all details in one page. fast and improved website too! great update.
Standard challenges has got updates too!!!
Minimum days have been reduced to 3 days
Account provisioning time and payout time has been reduced to 2 business days too!
But daily drawdown has been changed to equity based.
Great update from TFT
As always monthly giveaway competitions and regular unique giveaways
Regular community updates and trader meetup.
AMA sessions with traders
Complaints:
No complaints
Regular payouts in time.
What to expect:
Well they are already giving away a lot of things,developing themselves.
Looking forward to them about their instant funding model,which should be improved and published.
E8 Funding
E8 Funding, The 'Tech Master' in the industry. They brought some amazing dashboard features and by far the best scaling plan there is.First payout in 8 days makes them unique.
Pros:
1.No Minimum trading day
2.Excellent and unique scaling plan (Only firm to allow upto 14% DD in funded accounts!)
3.Good customer service
4.Limitless trading style
5.Very innovative dashboard
6.Promising from the beginning
7.No delay in implementing techs
8.First payout in just 8 days!
Cons:
1.High Subscription Fee
2.8% overall DD
3.Slippage
4.Relative DD
Previous Month review
It has been a pretty smooth journey for e8 so far. Huge payouts,good stats..
But last month some issues came up,e8 wasn't clear about the terms. Traders were confused and some payouts had been rejected.
Prop Firms, [05-Oct-22 5:28 PM]
[Forwarded from Mahmudul Hasan Nahid]
Their average payout time was far more than just 9 hours,some took even 7 days to complete! that's not good
Among these some good things from e8 too!
They have announced about bringing mt5 and a new plan named 'E8 track'
Looking forward to the future!
What to expect:
I would expect them to keep improving trading conditions.
Overall drawdown can be increased too! 8% is too low in this industry with this kind of high price.
Clear terms should be sent to all funded traders,so that they don't get rejected after making profits.
Payout should be completed a lot more faster,because many companies sending payouts in just one day!
Best of luck to the traders
TPT
The Prop Trading is also a legit and transparent propfirm.Regular payouts and friendly customer service make them a very good propfirm.
Pros:
1.No minimum trading days
2.Cost friendly
3.Best customer services
4.Crypto and PayPal payout methods
5. Instant account access and no transition time between phases.
6. No slippage
7. News trading allowed
Cons:
1.High Spreads
2.First payout after 30 days!
Previous month review:
Biggest update from TPT is that.. They removed their lot size restrictions! That was the only obstacle in my eyes!
Previously they were paying on monthly basis,now they have 'Biweekly payouts'(After the first payout)
A great update indeed
They have also added 25k and 400k size accounts.
Some issues came into light:
If traders had 2 or more simultaneous funded accounts running at a time,during payouts all funded accounts net profit had been calculated,hence some traders got rejected or received less amount of payouts. It wasn't clear in their terms.Later on,they cleared this matter.
So, If u have multiple funded accounts with them,u have to combine them or one account loss will affect the other.
But if u violate a funded account and make another,previous account loss wont affect the new one. Just keep this in mind.
Regular payouts in time.
What to expect:
I would expect them to take care of the spreads.
First payout can be biweekly too! That would be a great update if TPT considers this.
Funded Trading Plus:
FT plus is our new rising star!
With all kinds of plans(1 step challenge,2 step challenge,instant funding) they have earned their place in the community so fast!!!
Funded Trading Plus is a London based new but promising propfirm with variety of plans and features which are really interesting. Its worth a try!
Programs:
Funded Trading Plus offers 3 types of programs:
1. Experienced Trader program( One step challenge)
★Profit target 10%
★Overall DD(Trailing) 6%, Daily DD(Static) 3%
★Leverage 1:30
★Weekly payout
★No minimum or maximum time limit
★Profit split 80%/20%(scalable to 90/10)
2. Advanced Trader Program (2 Step challenge)
★Profit target: 10%( stage 1) and 5%(stage 2)
★Overall DD 10% and Daily DD 5%
★Leverage 1:30
★Weekly payout
★No minimum or maximum time limit
★Profit split 80%/20% (Scalable to 90/10)
Master Trader Program(Instant Funding)
★5% Profit target
★Overall DD 5% from starting balance( No daily DD)
★Leverage 1:30
★Weekly payout
★Profit split 70%/30% (Scalable up to 90/10)
★Weekly payout
★No monthly fees
Pros:
1.Funded Trading Plus pays in Only "3" days if a trader passes,gets funded and make profits more than 50usd! well that's quick isn't it? and then.. subsequent weekly payouts.
2. No time limits at all for challenge phases
3.Instant funding model with no monthly fees and fair profit share
4. Automatic dashboard
5. Daily drawdown removed in live accounts,if a trader makes 10% in live accounts
6. Eightcap broker both MT4 and MT5 (Allowing all pairs,cryptos or indices to be traded)
7.News trading, EA's allowed
8. Scalable upto 2.5M (requirement 10%! profit)
Cons:
Prop Firms, [05-Oct-22 5:28 PM]
[Forwarded from Mahmudul Hasan Nahid]
1. Trailing maximum drawdown is a bit complicated.Its trailing upto initial balance when a trader makes profits.Trailing stops when it reaches to initial balance. After being funded when a trader makes 10% maximum drawdown is fixed at initial balance. Withdrawals take place from profits and also deducts drawdown.so just be cautous about this and they are good to go.
2. Weekend holding not allowed in master trader program
3.Stop loss mandatory in advanced trader program and weekend holding not allowed.
Previous Month Review:
FT+ has been providing top class service from the beginning. Thay have huge customers.Payouts are all in time and top class conditions
They are the only company to link with tradingview!
No complaints
Regular payouts
Good communication with traders.
Many satisfied customers
What to expect:
I would expect they relax the drawdown rules so that traders don't get confused.
Audacity Capital
Audacity Capital is one of the oldest and most trusted london based company. They were offering instant funding model,but now they have brought 'Ability Challenge' to cop up with the industry.Their quality and authenticity is incomparable!
Pros:
1.Daily drawdown 7.5% and overall drawdown 15%(phase 1)
2. Absolute Drawdown
3.EAs allowed
4.News trading and all kinds of strategy allowed
5.Minimum spreads and commission
6. Most reputable company
7.Best customer service
Cons:
1. Target 10% in both phases
2.Monthly payout
3.Minimum trading days 7
Previous month review:
Addition of 'Ability challenge' from such a reputable company till now,is a big update. it has 75/25% profit split with 10% target in both phases.
What to expect:
We would always expect such good companies to come up with such nice plans. Hope they would improve their plans more!!
The5%ers
The5%ers is an old and established firm.A good firm for experienced traders.
They offer 3 types of programs:
1.Instant Funding Model
2.100K Bootcamp model:
In which u get in with just 85euro.
U have to complete 3 challenge phases and get 100k live account with 215euro only! It can be compared with classical challenges though but a bit different style.
challenge phase target is only 6% per stage.
3. Freestyle model:
In this model u can get funded after 100 positions and get 100% profits,but ofcourse maintaining performance and winning factor.
That's in short about their programs.
Pros:
1.Customer Support
2.Automation
3.Scaling Plan
4.Minimum days
5.Commission (highest should be $5 per lot)
6.Daily payout
7.Regular webinars
Cons:
1.High Price
2.Profit split
3.Low leverage
Previous month review:
Something out of the box from 5ers!
'Trade the pool'
Stock trading platform from 5ers. Something worth and new to look at.
Regular webinars and trading discussions!
What to expect:
Clearly they can reduce price and make some trader friendly packages!
Like Reduce stages or targets in 100k Bootcamp model,because 4%overall DD after being funded is really small!
They can also relax rules in case or freestyle model.
All in all a bit more trader friendly and less time consuming plans would really be great for the traders!
CTI
CTI has also been in this industry for a long time now. Transparent firm with good intentions for traders. They have both evaluation and instant funding.
They offer 3 types of programs:
*Standard evaluation (1 step evalulation)- Profit target 9% and 5% absolute drawdown and direct funding
*Classic evaluation (profit target 7% and 5% relative drawdown and direct funding
* Day Trader funding program (2 step evaluation)
Details-
★Phase 1 (Assessment phase):
*Profit Target 10%
*Daily Drawdown 4%- Balance based Drawdown
*Overall Drawdown 10% (absolute drawdown from initial account balance)
*Minimum Trading days 10
*Maximum Trading days 45
*News Trading Allowed
★Phase 2 (Qualification phase):
*Profit Target 5%
*Daily Drawdown 4%
*Overall Drawdown 10%
*Minimum 10 trading days
*Maximum 45 days
*Retake if in positive,without any violation
★Funded Trader phase:
Prop Firms, [05-Oct-22 5:28 PM]
[Forwarded from Mahmudul Hasan Nahid]
*Minimum 10 trading days
*Profit split starting from 70% upto 100%!!!!!!!(yeah,its 100%)
*Monthly or after 10 trading days(whichever comes later)
*Withdrawal methods: Paypal,Transferwise,Revolut
★Some rules for all phases
*Stop loss mandatory!!!!!!!!!
*Weekend holding not allowed
*Leverage 1:33
Pros:
1.Reputable and legit Company
2. Overall 10% absolute drawdown in day trader funding program
3.News trading allowed,all trading startegy allowed
4.Profit split upto 100%!!!!
5.Excellent customer support and customer satisfaction
6.Numerous payouts
7.Reasonable price
8.Upto 1 year time in classic evaluation model
Cons:
1.High price
2. Monthly payouts
3. Minimum trading days 10
4.30 active trading days in standard evaluation models
5.High commission
Previous month updates:
Regular competitions organized by CTI,which was a great initiative.
*Consistency rules has been removed!!*
Regular webinars and trading discussions! Such a active propfirm!
What to expect:
CTI certainly can reduce their price and bring some easy conditions for traders like remove minimum trading days and increase drawdown(in standard and classic models) too!
30 active trading days in standard and classic models take a long time,they should reduce it.
Hope they will consider such things!
Core Capital Funds:
Core Capital Funds is an USA based propfirm established in May 2022. They have brought some amazing plans and getting a good response from lots of traders.
They offer 2 types of programs at the moment
Blue Guardian Capital:
A new,well structured firm looks promising.Lowest profit target makes them worth a try.
Pros:
1.Low targets (6% and 6%)
2.85% profit split
3.Automated dashboard
Cons:
1.Minimum 4% to be able to withdraw
2.Daily Drawdown 4%
3.Consistence minimum 5 trading days
Previous month review:
BGC had less complains this month with some good payouts too. I think they have solved their technical issues.
They might not have a good social media communication but they are good in their services.
What to expect:
More activity from the firm is expected.
Communication is mandatory
Removal of consistancy in minimum trading days and minimum 4% for first payout can be removed
Core Capital evaluation:
Profit target 8% and 5%
Daily DD 5% and overall DD 12%
Profit split 80%,scalable to 90%
Minimum Trading days 5
Biweekly payouts after first payout after one month.
One step evaluation:
Profit target 12%
Daily 5% and overall 12% drawdown
Profit split 70%
Pros:
1.Best one step evaluation program
2.Biweekly payouts
3. Payouts in deel and crypto
4. Reasonable price
5.Purple Trading as broker
6.News trading,EA allowed
Cons:
1.Equity based daily drawdown
Previous month review:
Core capital funds had their first batch of payouts last month. Overall customers were satisfied.
Some complaints came out from traders, we are observing.
What to expect:
Improvement in dashboard,make daily drawdown balance based.
Good communication with traders is a must!
Overview Funding program:
OFP is our new star of the month!
They are london based firm,brought some unique program,something new to this community.
OFP offer instant funding
with no challenge, no targets
Monthly (25% payout) and Weekly supercharged model( upto 40% payouts)
Overall drawdown 10%
Daily drawdown 5%
Pros:
1. No profit target
2. No monthly fees
3.Leverage 1:100
4. No evaluation
5. Lifelong funding
Cons:
1. Big lots not allowed
2. Lack of scaling plan, automation,dashboard
3. Minimum time for trades
Previous month review:
OFP had some satisfied customers last month.
They made their program lifelong( if no violations detected)
They are having a trading event in Dubai,Something totally out of the box!
What to expect:
Awesome plans,but rooms for improvment in many aspects.
Blufx:
One of the oldest firms out there,brought unique direct funding model.Recently there were having issues,might be recovering!
Pros:
1.Weekly payout
2.50% profit share
3.No commission
4.Scaling plan
Prop Firms, [05-Oct-22 5:28 PM]
[Forwarded from Mahmudul Hasan Nahid]
Cons:
1.Monthly high subscription fees
2.Very low leverage (1:3 only!)
3.Trading time restrictions in Lite package(25k)
4.Weekend holding not allowed
Previous month updates:
Blufx totally rebooted themselves.
Brought 2 new plans of 10k and 100k accounts.
Slightly increased price.
They shifted to discord from telegram
Their Ceo came into light after about 4 months!
Still traders are having issues, we are observing.
Till then better to observe them.
What to expect:
They should quickly improve their service and do justice with their traders.
Withdrawal processing should be fast and without false claims!
Payouts should not be delayed too!
Its high time they correct themselves.
Most wanted thing from them is:
"Increase the leverage!"
They must transperant and improve their overall service.
Last but not the least
Lets have a look at our new star of the month!
First Class Forex Funds:
FCFF is an USA based new propfirm started their service from the 1st of october. They had a great kickoff. Wishing them best luck in the future.
Programs:
2 step evaluation
Phase 1 target 8% and phase 2 target 5%
Overall Drawdown 12% and Daily drawdown 5%
First payout after 1 month and then Biweekly
Profit split starting from 75% upto 90%
Minimum Trading Days 5
Pros:
1.125% refund of evaluation cost after being funded at first payout
2. Overall drawdown 12%
3. News trading allowed,EA,Hedging allowed
Cons:
They need time to take a stand..till now..good to go.
What to expect:
As they are new, I would suggest them to work on dashboards,automaticity,quick payouts and good communication with traders.
Disclaimer:
All the above mentioned information,ratings, opinions are completely of my own. Anyone who uses or intends to use this has to do so at his own risk.
Thank you,Have a nice trading Journey.