Pros and Cons
Pros and Cons
MyFundedFutures.com
Pros:
Flexible Evaluation: No minimum or maximum evaluation days.
Generous Profit Split: 100% of profits up to $10K, then 90%.
Platform Variety: Supports multiple trading platforms.
End-of-Day Drawdown: Provides more intraday flexibility.
Quick Payouts: Withdrawals available as often as weekly.
Cons:
Limited Maximum Accounts: Maximum of 10 active accounts.
Starter Plan Restrictions: Withdrawal restrictions apply until certain criteria are met.
Topstep
Pros:
Reputable Firm: One of the industry pioneers.
Educational Resources: Offers free coaching and a supportive community.
Flexible Platform Options: Supports multiple trading platforms.
Fast Payout Processing: Payouts processed daily.
Risk Management Focus: Emphasizes disciplined trading habits.
Cons:
Two-Step Evaluation: Longer process to get funded.
Monthly Fees: Recurring fees during the evaluation phase.
Strict Rules: Violating the Maximum Loss Limit results in disqualification.
Apex Trader Funding
Pros:
Generous Profit Sharing: 100% of first $25K, then 90%.
No Daily Drawdowns: Focus on overall performance.
Trade Anytime: Trade during news events and holidays.
One-Step Evaluation: Simplified process to get funded.
Inclusive Fees: Platforms and real-time data included.
Cons:
Trailing Drawdown: Live trailing threshold can be challenging.
Evaluation Resets: Resets can be costly if needed frequently.
Maximum Accounts Fee: Managing multiple accounts can increase fees.
TickTickTrader
Pros:
Instant Funding: No evaluation phase required.
One-Time Payment: No recurring monthly fees.
End-of-Day Drawdown: Provides intraday flexibility.
Multiple Account Management: Trade up to 5 accounts simultaneously.
Withdrawal Flexibility: Withdraw profits anytime without minimum trading days.
Cons:
Withdrawal Limits: Caps on withdrawal amounts per payout.
KYC Required: Identity verification needed for withdrawals.
No Evaluation Option: Less opportunity for traders who prefer an evaluation phase.
Take Profit Trader
Pros:
Quick Funding: Achieve funding in as little as 5 days.
Immediate Withdrawals: Withdraw profits from day one in PRO account.
No Scaling Plan: Trade full contract size without restrictions.
PRO Account Resets: Up to 3 resets allowed.
24/7 Support: Live support available at all times.
Cons:
Intraday Drawdown in PRO Account: Requires careful monitoring.
Monthly Fees During Evaluation: Recurring costs until funded.
Activation Fee: One-time fee required to activate PRO account.
Belunox
Pros:
Generous Profit Split: 100% of first $10K, up to 90% thereafter.
Flexible Account Options: Choose between No Scaling and EOD Accounts.
Free Trading Platform: Proprietary platform provided at no cost.
Supportive Environment: Focus on trader development and support.
14-Day Free Trial: Opportunity to try before committing.
Cons:
Limited Platform Choice: Must use their proprietary trading terminal.
Not Much Public Information: Less known compared to established firms.
Monthly Fees: Ongoing costs during the qualification phase.
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