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.

Account Options and Pricing

1. MyFundedFutures.com: A futures prop firm offering flexible evaluation processes, generous profit splits, and support for multiple trading platforms.

2. Topstep: One of the pioneers in the industry, offering the Trading Combine® evaluation to help traders earn a funded account with a focus on risk management.

3. Apex Trader Funding: Provides traders with the opportunity to trade futures with significant capital, featuring a one-step evaluation and generous profit splits.

4. TickTickTrader: Offers instant funding options with no evaluation phase, allowing traders to start trading immediately.

5. Take Profit Trader: A no-nonsense funding company with a one-step evaluation, allowing traders to withdraw profits from day one of their PRO account.

6. Belunox: Focuses on trader development, offering a supportive ecosystem and multiple account options to help traders transform their passion into a stable career.

General Features

Conclusion

Choosing the right proprietary trading firm depends on individual trading styles, goals, and preferences. Key factors to consider include:

• Evaluation Process: Decide if you prefer a quick one-step evaluation or a more comprehensive assessment.

• Account Options: Consider the account sizes and associated fees to find a plan that fits your budget and trading strategy.

• Profit Sharing: Look at the profit split arrangements, especially the initial retention and how it scales thereafter.

• Trading Rules: Evaluate the firm's rules on drawdowns, daily loss limits, and trading times to ensure they align with your trading approach.

• Platforms Supported: Ensure your preferred trading platform is supported by the firm.

• Support and Resources: Consider the level of customer support and educational resources provided.

Recommendation: Carefully assess each firm's pros and cons in relation to your trading needs. It's advisable to reach out to the firms directly with any specific questions and to read their terms and conditions thoroughly before committing.

Disclaimer: Trading futures and other financial instruments involves significant risk and is not suitable for all investors. The information provided is for educational purposes and should not be considered financial advice. Always conduct your own due diligence before engaging with any

Detailed Comparison

Evaluation Process

Pros and Cons:

• Quick Funding: Firms like MyFundedFutures.com, Apex Trader Funding, and Take Profit Trader offer one-step evaluations, allowing traders to get funded faster.

• Direct Funding: TickTickTrader provides instant funding without any evaluation, suitable for experienced traders who want immediate access.

• Comprehensive Evaluation: Topstep's two-step evaluation may be beneficial for traders who prefer a structured and thorough assessment.

Account Options and Pricing

Considerations:

• Variety of Account Sizes: All firms offer multiple account sizes to accommodate different trading styles and risk levels.

• Fees Structure: Monthly fees are common during the evaluation phase. TickTickTrader stands out with one-time fees.

• Discounts and Promotions: Some firms offer discounts or promotional codes to reduce costs.

Profit Split and Payouts

Pros and Cons:

• High Initial Profit Retention: Apex Trader Funding and Belunox allow traders to keep 100% of significant initial profits.

• Frequent Payouts: Topstep and MyFundedFutures.com offer frequent payouts, beneficial for traders wanting regular access to earnings.

• Immediate Withdrawals: Take Profit Trader and TickTickTrader provide flexibility with withdrawals, including from day one.

Trading Rules and Flexibility

Key Points:

• Daily Loss Limits: Vary by firm; some have none (Apex Trader Funding) while others enforce strict limits.

• Scaling Plans: Firms like Take Profit Trader and MyFundedFutures.com do not require scaling, allowing full contract sizes immediately.

• Trading Times: Apex Trader Funding allows trading during news events and holidays, providing more opportunities.

• Drawdown Types: End-of-Day (EOD) vs. Intraday Drawdown can impact trading strategies; EOD drawdown offers more intraday flexibility.

Pros and Cons:

• Flexibility: Firms with fewer restrictions (e.g., Apex Trader Funding, TickTickTrader) may appeal to traders wanting more freedom.

• Risk Management Focus: Firms like Topstep emphasize strict risk management, which can benefit traders needing discipline.

Trading Platforms Supported

Pros and Cons:

• Platform Variety: MyFundedFutures.com and Take Profit Trader offer a wide range of platform choices.

• Proprietary Platforms: Topstep and Belunox have their own platforms, which may offer unique features but limit choice.

• Compatibility with Popular Platforms: Apex Trader Funding and TickTickTrader support TradingView via Tradovate, appealing to traders who prefer this interface.

Customer Support and Resources

Considerations:

• Live Support: Take Profit Trader offers 24/7 live support, providing immediate assistance.

• Educational Resources: Topstep provides coaching and a trading community, beneficial for learning.

• Community Engagement: Firms with active communities (e.g., MyFundedFutures.com with Discord) offer networking opportunities.

• Support Availability: Varies by firm; important to consider if you anticipate needing assistance.