TOPSTEP
One of the oldest and most reputable firms
Topstep are pioneers in the field of online prop trading. They remain one of the most reputable firms in the industry.
Topstep has 2 MINIMUM TRADING DAYS requirement
They have a CONSISTENCY rule on evaluations
Up to THREE accounts PLUS a real LIVE account can be active at any one time
HARD RULES
Hitting these will mean a failed challenge
Don't hit the max trailing drawdown
Max trailing drawdown STOPS at the starting balance of chosen account size with Topstep - it DOES NOT keep trailing for the entire duration of the evaluation
SOFT RULES
Hitting these won't fail you
Don't hit the daily loss limit
If you do, you will be locked out until the next day, but will NOT fail the challenge unless you've hit the MAX DD
Don't exceed 50% of the overall challenge target objective in any SINGLE trading day
If you do exceed the consistency rule, you will just have to keep trading until the profits are high enough so that the day in question falls under the 50% target
HARD RULES
Hitting these will mean a failed challenge
SOFT RULES
Hitting these won't fail you
TRADE DAY
⭐The only prop firm without gated withdrawals⭐
Earn2Trade Assessments
Suitable for more novice traders
E2T have more rules than other firms.
These rules are incredibly useful for more novice traders who are looking to improve consistency and risk control.
Don't hit the Daily Loss limit
Don't allow any single day to exceed 30% of the overall target (CONSISTENCY!!!)
Don't hit the max drawdown
Close all trades before designated times
Don't exceed the max position size according to the progression ladder
E2T are headquartered in Hungary - they tend to accept more countries than the USA-based futures firms. Therefore suitable for residents of areas that are not traditionally accepted in USA due to having to follow CFTC rules according to current political decisions (Russia, Turkey, South Africa and Serbia being some of the excluded countries in other firms - they are accepted with E2T!).
These rules are incredibly useful for more novice traders who are looking to improve consistency and risk control.
E2T are headquartered in Hungary - they tend to accept more countries than the USA-based futures firms. Therefore suitable for residents of areas that are not traditionally accepted in USA due to having to follow CFTC rules according to current political decisions (Russia, Turkey, South Africa and Serbia being some of the excluded countries in other firms - they are accepted with E2T!).
There is also a choice of discount sim-only firms such as Apex Trader Funding that offer up to 20 accounts per trader for peanuts.
Word of warning though: these types of firms typically tend to have very complex payout rules and a tougher intra-position drawdown that makes it somewhat harder to pass the challenges if trading with slightly bigger size.
Word of warning though: these types of firms typically tend to have very complex payout rules and a tougher intra-position drawdown that makes it somewhat harder to pass the challenges if trading with slightly bigger size.
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