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.

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.

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.

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.

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.

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.

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.

General Features

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.

Account Options and Pricing

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

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.

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

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.