Reviews

Our review about MyForexFunds.

Updated on: 2022-03-02

This prop firm is very popular and loved among traders because of its quick funding and easy to obtain Forex capital. The firm was founded in 2020; but that didn’t stop it from becoming one of the greatest competitors on the market.

Their accounts go up to 2 million USD and if you’re a qualified trader you have good chances for growth. They offer accounts for beginners and for more advanced traders.

Their accelerated accounts come with instant funding and no evaluation or challenge to prove yourself is needed. Another reason, traders decide to go with this company is because of its very free rules and no daily drawdown limit. Also, their profit targets are not as high as competitors’.

For accounts with the evaluation process, challenge times are reasonable and doable. The best part is that the rapid program which is designed for beginners doesn’t come with a profit target. That leaves a lot of space for scaling up. Unlike its competition My Forex Funds allows traders to hold trades overnight.

There are no consistency requirements, but there are risk management rules that you need to follow. Use of EA trade copier is allowed only if you copy your trades from your different account. Coping with other traders’ trades is strictly forbidden.

A platform that they offer is MT4 for now, but they do plan on adding cTrader to their offer in the future. It's an older platform yet very solid and with plenty of free indicators available, also for mobile;

watch this tutorial about it:

Instruments that you can trade are Forex, CFD, and metals. You can have as many accounts as you want as long as one account doesn’t go over $100,000 and the maximum per member is $300,000.

You can reset your account to the initial balance if you pay a certain fee. This option is available only if you have no violations registered.

Also, you can get a Swap Free account if you’re ready to follow two rules. The first is that you can’t hold trades over weekends. If you do that you lose your account permanently. The second rule is that you have a maximum of 3 rollover periods. Swap-Free accounts are not available for phase one and phase 2 of demo evaluation accounts.

You can open an account from anywhere in the world except these states in the USA: Arkansas (AR) Iowa (IA) Mississippi (MS) Missouri (MO).

When it comes to payment, they reach you once in a month day or two before the payment due date so you can choose your preferred payment method. You can switch accounts between CEA and NCA at any time with no charges.

Trading Programs.

My Forex Funds offers three programs for funded accounts: Rapid, Evaluation and Accelerated are the names of these three programs with different requirements and account sizes. Here’s we’re gonna go over all of these to give you as clear as possible a picture of programs.

Rapid

Daily drawdown is 5% and you can’t have 5% within a 24 hour trading period. Overall allowed drawdown is 12% whether is realized or unrealized. If you go under 12% your account will register violation. You have to follow consistency rules but you can easily skip that if you ask for NCA.

You need to enter at least one trade that lasts three days, which is called 3 days trading days a week rule. On the other hand, they are very understanding if you can’t do that but you need to email and inform them if you don’t want this to affect your account negatively.

There are no restrictions when it comes to lot sizes and choosing instruments to trade from those available. Your payout grows as you go from simulated to live account. You provide the firm with your plan and then you have to follow it with a deviation factor of 2. All deviations over this number are considered violations.

There’s a bonus payment of 12% of all profit you make that will be paid weekly if you’re on CEA. If you’re on NCA, you will get this money as a bonus on your monthly payment. Payment options are Bank Transfer, PayPal, and Cryptocurrency. Let’s see account sizes and requirements that come with them.

For $99 you get a $10,000 account with no targets. You get 12% of your profits and you need to trade at least 3 days a week. The daily starting drawdown is $500 with an overall drawdown of $1,200 and a 1:500 leverage ratio.

For $189 you get a $20,000 account with no targets. You get 12% of your profits and you need to trade at least 3 days a week. The daily starting drawdown is $1,000 with an overall drawdown of $2,400 and a 1:500 leverage ratio.

For $399 you get a $50,000 account with no targets. You get 12% of your profits and you need to trade at least 3 days a week. The daily starting drawdown is $2.500 with an overall drawdown of $6,000 and a 1:500 leverage ratio.

For $749 you get a $100,000 account with no targets. You get 12% of your profits and you need to trade at least 3 days a week. The daily starting drawdown is $5,000 with an overall drawdown of $12,000 and a 1:500 leverage ratio.

Evaluation

This funding program gives you the opportunity to prove your skills and talents by going through the two-phase evaluation. You need to show how you trade with Forex, CFD, and commodities. If you show off as good, they will award you. The first-month payment is monthly and after that, you get paid weekly. The maximum capital you can have in the evaluation process is $300,000.

Daily drawdown is 5% and you can’t have 5% within a 24 hour trading period starting at 5 pm EST. Overall allowed drawdown is 12% whether is realized or unrealized. If you go under 12% your account will register violation. You need to trade at least 5 trading days to reach the 8% target with no violations. Once you hit that milestone you go to phase two where the profit target is 5% and you have 60 days to reach it. Days countdown starts from the time of your first trade.

There are no trading restrictions but of course, they recommend consistency and good risk management. After the first month of trading, you get 75% profit shares and it will be paid monthly. From the second month on your shares are 80% and paid weekly. Let’s take a look at available plans for this funding program.

For $84 you get a $10,000 account with mentioned 8% target for phase one and 5% for phase 2. 5 days is the minimum trading time you need to have. The daily starting drawdown is $500 with an overall drawdown of $1,200 and a 1:100 leverage ratio.

For $139 you get a $20,000 account with mentioned 8% target for phase one and 5% for phase 2. 5 days is the minimum trading time you need to have. The daily starting drawdown is $1,000 with an overall drawdown of $2,400 and a 1:100 leverage ratio.

For $299 you get a $50,000 account with mentioned 8% target for phase one and 5% for phase 2. 5 days is the minimum trading time you need to have. The daily starting drawdown is $2,500 with an overall drawdown of $6,000 and a 1:100 leverage ratio.

For $499 you get a $100,000 account with mentioned 8% target for phase one and 5% for phase 2. 5 days is the minimum trading time you need to have. The daily starting drawdown is $5,000 with an overall drawdown of $12,000 and a 1:100 leverage ratio.

For $979 you get a $200,000 account with mentioned 8% target for phase one and 5% for phase 2. 5 days is the minimum trading time you need to have. The daily starting drawdown is $10,000 with an overall drawdown of $24,000 and a 1:100 leverage ratio.

There are no monthly fees, only a one-time payment for the funded account.

Accelerated

If you want to skip the evaluation process, the Accelerated program is right for you. This program is for skilled and experienced traders who want to start trading immediately. There are two types of accounts in the Accelerated program. Conventional and Emphatic accounts have slightly different requirements.

Daily drawdown doesn’t exist, but overall drawdown is 5% for Conventional and 10% for Emphatic account. Leverage is for 1:50 Conventional and 1:100 for Emphatic account. You can scale once every pay period. You can scale by 2x or 1.5 x (depending on which phase you are on). For Conventional accounts, you will scale at every 10%. The maximum you can scale to is 2 million. You are not allowed to trade in Crypto or Shares, but you can trade in FOREX, CFD’s, and Metals.

Profit split is 50% of profits you make on your account. You get your payments of profit splits on a weekly basis and you need to request them by 3 pm EST or it will be transferred to the next period. It takes 1-3 days for the payment to be processed.

Conventional accounts

For a one-time payment of $99, you get a $2,000 account with $324,000 assured funding. Target is 10% to get to the next milestone and leverage is 1:50. There’s no daily drawdown and the overall drawdown is 5% of starting account balance.

For a one-time payment of $245, you get a $5,000 account with $405,000 assured funding. Target is 10% to get to the next milestone and leverage is 1:50. There’s no daily drawdown and the overall drawdown is 5% of starting account balance.

For a one-time payment of $485, you get a $10,000 account with $540,000 assured funding. Target is 10% to get to the next milestone and leverage is 1:50. There’s no daily drawdown and the overall drawdown is 5% of starting account balance.

For a one-time payment of $970, you get a $20,000 account with $1,080,000 assured funding. Target is 10% to get to the next milestone and leverage is 1:50. There’s no daily drawdown and the overall drawdown is 5% of starting account balance.

For a one-time payment of $2,450, you get a $50,000 account with $1,350,000 assured funding. Target is 10% to get to the next milestone and leverage is 1:50. There’s no daily drawdown and the overall drawdown is 5% of starting account balance.

Emphatic accounts

For a one-time payment of $198, you get a $2,000 account with $486,000 assured funding. Target is 20% to get to the next milestone and leverage is 1:100. There’s no daily drawdown and the overall drawdown is 10% of starting account balance.

For a one-time payment of $490, you get a $5,000 account with $810,000 assured funding. Target is 20% to get to the next milestone and leverage is 1:100. There’s no daily drawdown and the overall drawdown is 10% of starting account balance.

For a one-time payment of $910, you get a $10,000 account with $810,000 assured funding. Target is 20% to get to the next milestone and leverage is 1:100. There’s no daily drawdown and the overall drawdown is 10% of starting account balance.

For a one-time payment of $1,940, you get a $20,000 account with $1,600,000 assured funding. Target is 20% to get to the next milestone and leverage is 1:100. There’s no daily drawdown and the overall drawdown is 10% of starting account balance.

For a one-time payment of $4,900, you get a $50,000 account with $2,020,000 assured funding. Target is 20% to get to the next milestone and leverage is 1:100. There’s no daily drawdown and the overall drawdown is 10% of starting account balance.

Conclusion.

What we dislike here at Funded-Trader is a company that does not list its address, or founding members, we don't understand how a trader can trust and enter in a collaboration with a Prop Firm that doesn't disclose such basic information.

Said that: a number of readers asked us to review them, and MyForexFunds seem to be growing very fast in popularity.

On TrustPilot you may find close to 2000 reviews, of which 89% grade them Excellent.

The programs are rather interesting, especially the fact of being funded in real right away which is becoming more and more common and it's a very welcome feature.

Also pricing seem quite competitive.

Your opinion.

Your opinion matters! Come visit my Instagram or Facebook page, leave your comment: I post every video about the funders on my Instagram TV, let's have the conversation over there so as to include as many people as possible.

Everything you always wanted to know about Alphachain Capital.

Updated on: 2022-02-20

 

It’s nearly impossible for anyone these days not to know about the Cryptocurrency and FX markets. When crypto first started many people thought of it as a scam and just a very few actually invested. Over the years, everyone was reassured and the number of people interested in trading has suddenly increased. It all started with Bitcoin in 2008 and now, we have all kinds of cryptocurrencies along with forex, commodities, indices, etc.

This looks interesting but you still don’t quite understand what crypto and FX are? Well, a cryptocurrency is basically digital money that you can buy with your traditional money and use for online payments, exchanges and trading. Forex stands for foreign exchange which is a market where you trade currencies.

 Learning about online trading, choosing assets to trade, and how to do all that may seem overwhelming. To train themselves for this people use blogs, videos, and forums, but with the development of this market, many learning academies were founded to make this process faster for people who want to invest. With so many trading educators it can be hard to choose the one to learn from, so today we are doing a review on Alphachain Capital.

About Alphachain

 Alphachain Capital is a trading firm based in London, UK, that trades and teaches you how to trade by yourself. They use eclectic and multi-disciplinary approaches to ensure success in today’s global markets. The firm believes that statistical modeling techniques and technology can help to create quantitative strategies for trading in Forex and cryptocurrency markets. One of their greatest focuses is on innovation and strategy to achieve the result of developing the significant alpha.

 Alphachain is concurring global market by using technology and well-planned strategies while keeping low transaction costs and high liquidity. Mathematical models ensure that the trading process is disciplined and systematic. This method helps with one of the biggest challenges that new traders face and that is the interference of emotions when making decisions.

 In Alphachain Academy they teach you all these methods and systems for trading in Forex and cryptocurrency market. The great news is that they have programs for both experienced and aspiring beginners who need help through the whole learning process.

Alphachain Academy

 If you’re an established trader or a beginner looking to deepen your trading skills, double your capital faster and join a community of trades, Alphachain Academy may be just the right place for you. When it comes to trading, the most common challenges for people are risk management, identifying good trading opportunities, and consistency. There is of course emotional entanglement which many traders struggle with. In this kind of industry, the market tends to test you every single day, so it might be good to have help from someone experienced who’s been where you are now.

 Since the market changes daily it’s a steller advantage that you always get updated materials that analyze current market fluctuations. You will be taught by Senior traders who have a lot of real-world and online trading experience.

 Student’ reviews often point out how much it meant to them that teachers were available to answer questions, offer complete and brief clarifications, and approach students’ questions with no judgment, thus creating a safe and existing environment to learn.

 Once finished you will get a recognized CPD qualification which underlines your expertise in the investment segment of the financial sector.

What will you learn?

-   Fundamental and technical analysis for experienced or beginner traders

-   How to automate your trading strategy

-   Core trading strategies

-   Trading plan development

-   The importance of journaling and analyzing mistakes to determine why trading went wrong and how to prevent that from happening again

-   How to reduce the emotional impact of trading wins or losses

-   How to organize better and maneuver around with time

-   Extensive and detailed information is presented in a structured learning portal

-   How to cross-check the market sensibility and important price levels of assets

-   Mathematical and systematic trading approach to discretionary trading

-   How to use the psychology of trading principles to make trading easier and less stressful

-   How to become more confident in your trading

Students also pointed out that the availability of a mentor meant a great deal for their learning process. Community and an active base of traders who share their strategies on a daily basis were also stressed out as the benefit of big importance to students. Also, they liked that they had a chance to practice, as well as a mix of live video presentations and lecture notes as course materials.

 

What's the best Funded Trader Course for you?

 Alphachain offers 2 groups of funded programs for their students: Professional programs and Specialist programs.

Professional programs include Global Trader Program, Algorithmic Trader Program, and Cryptocurrency Algorithmic Trader Program. Specialist programs contain Cryptocurrency Trader Program and Forex Trader Program.

So let’s take a look at each of those.

 Global Trader Program

 Price: £3,420

Duration: 3 months

Evaluation Account: 20,000$

 In three month duration of this program, you will receive vocational training with lots of knowledge and practice to get needed experience. This program is intended for those who aspire to become funded proprietary traders with Alphachain Capital.

Lectures are organized as live web classes combined with materials for foundational education. Students are offered complete transparency in targets, capital allocation, and incentives.

Once accepted you get 20,000$ evaluation account and you become an independent contractor. You can choose when and where will you work since you will be working remotely.

 Global trader program offers multiple markets such as FX, Cryptocurrency, Commodities & Equity Indices for you to trade. You will learn how to manage risks on your account, how to build a trading plan using analytics and technical indicators. Also, you will get access to top-level core strategies.

What makes this program so successful when it comes to the level of acquired knowledge is constant theoretical and practical learning including strategy planning, testing, and assessment.

 Algorithmic Trader Program

Price: £3,420

Duration: 3 months

Evaluation Account: 20,000$

 This program offers knowledge of algorithmic trading which is practiced through your algorithmic trading account. Coding skills are getting more important each year considering that the global algorithmic trading market has an 11.1% annual growth rate. Before becoming a funded algorithmic trader, the program will teach you how to build trading systems and custom indicators.

 The program includes a virtual classroom, practical exercises on your trading account, live trading, video lectures, webinars where you can ask questions, and mentorship by experienced traders.

Classes include Introduction to automated trading, building successful algorithmic trading strategies, learning how to code and create custom indicators, basics of the PineEditor within TradingView, coding technical indicators, back-testing, forward-testing, and live trading.

Financial theory, trading algorithms, automatization of trading systems, and relevant technologies are essential knowledge for algorithmic trading. You will learn how to develop your own trading strategies as well as how to break into a quantitative analysis role of another organization. You will be given the knowledge and tools to create and develop algorithmic trading strategies and new bespoke from scratch.

Upon entry, you will receive over 25 strategy templates and 20,000$ starting capital.

 Once you’re accepted you can start working remotely with Alphachain Capital with a 50% profit split as an independent contractor.

 Cryptocurrency Algorithmic Trader Program

 Price: £3,950

Duration: 3 months

Evaluation Account: 20,000$

If you aim to become a quantitative cryptocurrency trader this immersive and structured program will give you all the knowledge you need. Do not worry, background knowledge and coding experience are not required.

Your mentors will be founders of this program CEO Adam Haeems as well as Gavin Pannu, Head of Trading Academy.

Classes include Introduction to cryptocurrency and automated trading, components to building an algorithmic trading strategy, execution systems, risk management, back-testing, forward-testing, learning to code, and working with TradingView Pine Editor, analyzing on-chain metrics, making automated trading strategies, and live trading.

 You will learn how to use on-chain analytics and metrics and how to identify patterns and trading opportunities so you can make profitable trades. With access to the global Cryptocurrency market, you will be able to trade Bitcoin, Ethereum, Bitcoin Cash, Ripple, and more. Starting from scratch you will understand crypto assets, how to use on-chain metrics, and how to develop algorithmic Cryptocurrency trading strategies.

 Upon entry, you will receive over 15 basic and advanced trading strategy templates and 20,000$ starting capital.

 Cryptocurrency Trader Program

Price: £2,250

Duration: 1 month training period

Evaluation Account: 10,000$

 If you want to learn how to trade digital currencies and work with experts on this subject, Cryptocurrency Trader Program will give you that and more. Before you start trading with starting capital of 10,000$ you will get crypto trading expertise and key cryptocurrency exchange indicators.

As in all other Alphachain programs, you will get CPD certification, plus a chance to start working with Alphachain Capital as a prop trader. You will be able to work with senior experts experienced in trading and learn their secrets in trading.

 This program will give you a chance to learn how to find opportunities, analyze price changes, estimate risks, collaborate with other traders, and of course, how to maximize your profits.

 Classes of this program include Introduction to MT4, performing technical analysis, using technical indicators in trading, fundamentals of Cryptocurrency trading, risk management, planning a strategy, back-testing, forward-testing, performance analysis, trade simulations, 1-1 mentoring, and daily interactive webinars.

 You will be trading assets Bitcoin, Ethereum, Bitcoin Cash, Ripple, and Litecoin.

Forex Trader Program

 Price: £1,950

Duration: 1 month training period

Evaluation Account: 10,000$

Like in Cryptocurrency Trader Program once your one-month program is finished you transfer to the membership program. In this program, you will be taught how to do foreign exchange. On this global market, there’s 6.6$ trillion traded each day. You will get the industry knowledge and experience needed to do Forex trades.

You will be taught by CEO Adam Haeems, Gavin Pannu, Head of Trading Academy, Ron Williams, Performance Coach, and other Alphachain experienced trade mentors.

 You will learn how to analyze charts using Tradingview software so you can easily identify patterns that will lead you to trading opportunities. You will be trading AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, NZDCAD, NZDCHF, NZDJPY on MT4 trading platform.

 Classes include 1-1 mentoring, trade simulations, daily interactive webinars, comprehensive technical and fundamental analysis, creating strategy, and back-testing/forward-testing results which you will use in your funded account. You will get to learn about MT4, perform technical analysis, learn the fundamentals of Forex trading, master risk management, plan a strategy and trade plan. 

Alphachain Funded Trader Program

If you are an experienced trader you can apply for the Funded Trader Program and get a fully funded account to trade Equity Indices, Forex, and Commodities. There are 4 Funded account sizes to choose from. Two of those are evaluation options and two are direct funding accounts.

Evaluation options

The first evaluation account comes with 5000$ starting capital to prove yourself and then you get 20,000$ funding to trade with 1 million USD max allocation.

You pay 349$ one-time setup fee and aim for a 6% target that goes up to 10% after you hit the first target. Leverage is 1:100, maximum drawdown 5-10% with a 50% profit split. You need to trade overnight with possible per request hold-ups over the weekend and you need to close positions during news releases. The maximum lot size is 0.25 lots.

The second evaluation account comes with 10,000$ starting capital to prove yourself and then you get 40,000$ funding to trade with 1 million max allocation. You pay 499$ one-time setup fee and aim for a 6% target that goes up to 10% after you hit the first target. Other demands are the same as for the first account option and the maximum lot size is 0.5 lots.

Direct funding

The first direct funding account comes with 15,000$ starting capital with a 1 million max allocation. You pay a 795$ one-time setup fee and aim for a 10% initial target. Leverage is 1:100, maximum drawdown is 10% and you get a 50% profit split. You need to trade overnight with possible per request hold-ups over the weekend and you need to close positions during news releases. The maximum lot size is 0.75 lots with a weekly risk limit of 5%.

The second direct funding account comes with 20,000$ starting capital with a 1 million max allocation. You pay a 999$ one-time setup fee and aim for a 10% initial target. Leverage is 1:100, maximum drawdown 10% and you get a 50% profit split. You need to trade overnight with possible per request hold-ups over the weekend and you need to close positions during news releases. The maximum lot size is 1 lot with a weekly risk limit of 5%.

You have one year to achieve the target and there are no monthly fees.

Conclusion

If you want to concur with the world of Cryptocurrency and Forex trading easy and hassle-free, Alphachain is a perfect way to go. With all the opportunities after you finish your chosen program, it’s a light statement to say that investment will pay off.

With each program being stellarly organized and to the point, you won’t have a problem balancing this education with your job, college, or any other responsibilities. More importantly, you won’t have trouble following lectures since comprehension is one of the main focuses in this Academy. Although the knowledge you will get is detailed and extensive, you will be able to catch up with all classes since no background and previous knowledge are not needed to attend these programs.

What seems like the best part of this education is that you won’t be left with just theoretical knowledge but you have plenty of practice on your funded trading account. You will learn from your mistakes, analyze them, and test new strategies until you are capable of doing it all on your own.

During the whole learning process, you will have mentors and colleagues to ask for help since Alphachain has a strong sense of community.

If you want to start, choose to start at the right place that will lead you straight to your goals instead of going forward and backward spending your earned money.

Topstep, Do Traders Become Successful Here?

Updated on: 2022-09-06

Traders who perform at a standard of excellence, normally start with a very strong ground game in their foundations, before learning to ignore the noise around. For new traders looking to be consistent in their game, and continuously digest new materials to beat the market, it’s important to know where some of the best resources may be at. One of the best places where you get consolidated resources from training, materials to study, trading guides, funding programs and trading experts to follow, can be found here.

 While everyone in their trading journey should aim to eventually reach a finesse level of financial freedom based on your trading profits, there are firms that actually help you get there faster. The best part? They train you and make sure you are sound enough to be profitable, and fund you to trade for yourself, and of course, with them. When you win, they win.

 One such firm that has gotten a lot of talk on the streets, is Topstep.

Watch this short video to get a good idea about TOPSTEP: the company, the online presence, the rules, and evaluation programs.

Who Is Topstep?

Topstep’s humble beginnings, especially that of its founder, Michael Patak, is an all too familiar situation that new traders find themselves in. Blowing out his brokerage account for not once but 3 times; this is the bottom that Michael found himself in before developing the set of key skills and tools that began to help him profit steadily. This is the bedrock of motivation that pushed Michael to start a community to help other traders not reach a blowout state, but yet navigate the pitfalls and profit together.

 Topstep began in 2012 (known as Patak Trading Partners then), and has gone a long way to educate traders and prepare them to trade with funded capital. They are known for their Topstep Trader program where new day traders are put through series of simulation, and are able to access a plethora of tools, resources, and support to eventually prove that they can trade profitably.

Participants of the program who perform well will be rewarded by Topstep with a trading account fully funded by the firm.

 The firm currently has options for traders to partake in the futures market, where one will get to trade anything from crude to e-mini S&P 500 products, and Topstep FX, where traders will be able to trade the most popular forex products. We shall learn more of each shortly.  Topstep cancelled the forex branch in April 2022.

Topstep Trader’s End Goal Is To Mint Funded Traders

 Topstep Trader’s funded account program is a detailed but simple to understand process where traders follow certain steps to prove worthy of becoming funded. There are lesson plans and coaching materials aimed at making sure profits are made on a given simulation account. The learn and apply method is the most trusted and practical approach when it comes to trading, as feedback is immediately received by your wins and losses.

 Traders start off with a free simulated trial account that has $150,000 that is valid for 14 days to actually try out. There is no need to pay for anything here and is an effective and zero risk way to learn, and deploy strategies, concepts that were being taught to get market feedback.

However, Topstep Trader simulation program only allows budding traders to trade on futures. After passing all the rites of ritual and becoming fully funded, traders will then be allowed to trade commodities on the CME exchange, NYMEX, COMEX, CBOT (not EUREX).

When you become a funded trader, the first $5,000 profits will be 100% yours, where thereafter, every single dollar of profit will be split 80-20 90-10, where you will keep 80% 90% of the profit and 20% 10% will be kept by the firm.

 In 2021 alone, there were 8389 accounts funded. These guys are serious about minting traders that can walk the same walk as them to make money.

TopstepFX For Forex Focused Traders

Topstep canceled all their Forex Funding programs suddenly at the beginning of April 2022.

This must have left a lot of traders disappointed and surprised, just as we were.

Their explain this by saying that their strength and the focus of their community of traders is Futures Trading, so that's it, not much we or you can do about it; remember: all of the Funders, the Prop Firms, are private businesses and as such they are free to cut off any single program at any time; of course if you are a Funded Trader then they must stick to the contracts you signed; but that's beyond the point we want to make here: you must USE the Funders for as long as you need them: make the most of the training offered, market analysis etc, and when you have enough experience and withdrawn enough profits then you must OPEN your own business! Be your own boss for good! Open your own account and off you go.

Most traders who have been through the starting points of chart reading have come across the FX markets, and most lose money there. It’s not surprising, FX markets’ moves are influenced a lot by sudden events, especially macro news policies. The key to master is still risk management when dealing with FX.

 TopstepFX allows traders to trade 22 pairs, in which the 8 major currency pairs are a staple, and subsequently currency cross pairs related to the 8 major currency pairs. TopstepFX doesn’t list exotic pairs on their platform as the wide spreads and low liquidity is a concern for a good advantage point for its traders.

 Unlike TopstepTrader simulation account tiers, TopStepFX accounts are larger in nature, with 3 tiers, $200k, $300k, and $500k.

 Although the key concept for Topstep FX is largely the same as Topstep Trader, in their FX simulation account rules, trades are allowed to be held overnight. Also, the concentration and determination criteria here is through successful execution of consistently profitable trades.

 

TopstepTrader Combine®

TopstepTrader Combine® doesn’t invoke an aggressive timeline on the traders for the targets that have to be hit here. Yes, you will have to have a minimum of 5-days, but there is no time limit here that is imposed for you to meet the profit targets. TopstepTrader Combine® is split into a 2 step process, where the first step is focused on proving profitability, and when you clear step 1, step 2 will kick in that will be focused on managing risk.

 Essentially this is repeating all of what you will go through in step 1, but more so to avoid silly and uncontrolled mistakes, like holding a position during major economic releases. This will be something to take note in step 2.

Topstep Futures Trading Rules

 As a firm taking the risk to fund the traders, it’s inherent for rules to be set that exhibit the ability to first prove that to-be funded traders, are consistently profitable and also, without being overtly risky and incur huge losses.

It’s a marriage between profitability and risk management. 

Account Parameters		Step 1 (Prove  Profitability)	Step 2 (Manage Risk)
Targets	Profit Target
	Minimum Days (There is no deadline or time limit)	5 days
	Rest day below 40% of total profits made
Rules	Do not hit or exceed the Daily Loss Limit
	Do not allow your Account Balance to hit or exceed the Trailing Maximum Drawdown
	Do not hit or exceed the Weekly Loss Limit
	Do not hold positions into major economic releases
	Follow the scaling plan

 Profit targets, together with the daily and weekly loss limits are tiered in accordance to the starting balance of simulated funds of each account ($50k, $100k, $150k).

Each account tier also comes with its maximum trailing drawdown (technically a representation of how much a trader can lose at any one point on an intraday basis when compared to their beginning of day’s account equity total) and if the rules are broken, a reset “penalty” of sorts will be imposed where not only does the simulation account resets to the original account tier balance, but the trader will also need to shell out $99 to renew his eligibility to try out for being considered a funded trader again.

TopstepFX rules

Topstep canceled Forex Funding in April 2022, see info above.

The FX trading rules are a lot more straightforward compared to trading futures.

 In a similar note, TopstepFX rules are a blend of proving profitability and also controlling your maximum losses. As seen here, it’s straightforward to determine the amount of profit target you should meet, the losses you can afford, based directly on the simulated account’s buying power

Topstep Trader Calendar

 In its efforts to streamline the tools for its traders, regardless of the programs you are considering offered by Topstep, its website has a specific section that features a calendar that is of value to every trader, budding or experienced.

It integrates key economic events, releases, and futures related production that will have an impact on the market. FOMC speeches, unemployment numbers, are followed religiously by many traders in the FX world, and this is an invaluable tool to streamline.

TopstepTrader Education

The resources that are on Topstep’s resource library, is an arsenal of materials that puts you through the grit and drills your foundation. Everything you need, to take on the market like a pro trader, is available from one single source. From constantly updated blog posts, ebooks, videos, and amazing podcasts.

 These content are a wealth of information that allow traders to constantly see how experts are looking through more experienced lens, what strategies are performing well, and trading playbook walkthroughs from the coaches at Topstep. For traders who want more of the coaches’ content, they can find more of it through group coaching or one-on-one coaching that will be sure to elevate the overall game.

Our Two Cents

From years and years of research...

The pros:

•         Trusted and recognized by many in the market
•         same day payout.
•         First Payout Bonus™  the equivalent of the last subscription's fee paid is given to you with the first withdrawal.
•         Max loss is calculated at the end of day. This doesn’t count the unrealised losses thereby not impacting the available drawdown; (valid only for the evaluation phases though).
•         Great vault of educational resources that can help traders turn pro.

The cons:

•         There can only be 1 funded account® per trader
•         Max loss in funded accounts®  also includes unrealized losses
•         Traders need to pass 2 phases to obtain funding, and while these 2 phases are not achieved, a monthly fee will still need to be paid by the traders
•         Imposed restriction on trading during economic releases
•         Max weekly loss is hard to keep track of.

 The trading industry is highly competitive. As a beginner trader, you will find it difficult to establish yourself as a successful trader. That said, I believe TopstepTrader is the right place to try your trading strategy without risk. With all the wealth of educational resources available on the platform, it can help you become a successful trader.

 The monthly fees based on the selected trading account’s size do add up if you don’t have a plan and direction, so we recommend that you commit yourself for a certain period to see if you can make it to minimize this risk.

A good way is to start with the free trial account, then move up after honing your trading skills.

Keep in mind that it's still more affordable to enter a challenge than going at it by yourself: you have free access to the trading platform, and most important of all, to the live market data; these data can easily amount to hundreds of $ per month.

 That said, the coaching and dedicated breakout groups support that you can see in their forums are also hidden networks that push everyone to be sticking to what they’re taught, and not repeat silly and costly mistakes.

Overall, we do believe that traders will be successful at Topstep to begin their journey of being a fully funded trader.

Your opinion.

Your opinion matters! Come visit my Instagram or Facebook page, leave your comment: I post every video about the funders on my Instagram TV, let's have the conversation over there so as to include as many people as possible.

SMB Capital – When The Traders Win, They Win

Updated on: 2022-02-09

 Is trading for a living your dream? It’s a common one, we know.

 But if you’re like most traders, you’re probably spending all of your time trying to figure out how to make it work—and not enough time actually doing it.

 There are of course folks, that make sure you spend the time with maximum ROI and are aligned with you making money because with you being profitable, they are too.

 One such firm is SMB Capital (SMBC). SMBC is a proprietary trading firm started by Mike Bellafiore and Steven Spencer in 2005. 

 When they started the firm, Mike and Steven had one mission in mind: to help traders improve their skills. They drew from their own experiences as traders to create a firm that offered coaching, training, and capital to traders. The firm's "eat what you kill model" has been successful for both the company and its employees: SMB Capital is able to provide quality training and capital that would otherwise be unavailable to traders, while traders are able to earn income based on the profits they produce.

Thrive, Not Just Survive

 Since 2005, SMB Capital has helped thousands of traders learn the skills they need to succeed in the market—and not just survive, but thrive.

 Its training and mentoring programs are rigorous and challenging, but that's because SMB Capital wants its traders to be the best. The best for themselves, and for the firm. After all, they are just a group of only 25 traders who trade more than $100 million a year.

SMB Capital believes in making sure its traders get paid what they deserve; after all, why should someone else get paid for any of the hard work put in by the trader himself/herself?

One of the most prominent moves SMB Capital was known for, was to take in inexperienced traders, and team them how to become profitable ones, which was featured in a television series called Turtle Traders. This is coupled with how SMB Capital is known for relying on its proven training systems, where they don’t hire ivy league traders, but rather mostly everyday people that will be trained by the experts in SMB Capital.

The story of the Turtle Traders is one that was mentioned as well by a number of the modern funders, like the ones we feature here in our Fundsfinder, as the inspiration for creating businesses that would thrive from educating and mentoring professionals without any experience in trading.

This is an interesting video about the story of the Turtle Traders; by the way: it has nothing to do with moving slowly, or animals, or lettuce ;-)

The Stocks In Play Strategy Of SMB Capital.

SMB Capital is known to teach its traders to actively review “Stocks In Play” for each particular trading day. SMB Capital believes that the profitability chance will be more than 95% if the stock is in play.

 Stocks with great order flow are what you want to trade. This is because they do several things that give traders an advantage:

• increased order flow increases liquidity which allows them to risk less on each entry and exit from a position;
• the greater order flow creates additional volatility which leads to many favorable risk/reward scenarios during the day;
• the large number of orders will overwhelm the plethora of sluggish algorithmic trading programs out there which results in a stock moving more cleanly.

Reading The Tape

 Another famous technique, or foundation drilled by SMB Capital in its traders, is tape reading. Tape reading is an old technique of analyzing price and volume data for a particular stock. The method involves observing the time and sales tape, which is a list of all completed trades in a given time period, to identify trades that have taken place.

 Through tape reading, you can see the number of buyers and sellers in a stock, and get an idea of the share's future price direction. Tape reading is used mostly by day traders who build their strategies upon intraday trading information.

 SMB Capital essentially puts a lot of focus on “reading the tape” to understand the current sentiment, and uses it as a leading indicator in their courses, and also when they reveal live trade walkthroughs with their traders.

 Mike has been a very strong advocate on tape reading and mentioned that one of the first things traders need to learn when trading is how to read the tape. This means the ability to start deciphering the order flow in a stock, and it's a skill that every new trader must develop.

Reading the tape; a leading indicator, as compared to technical analysis on charts; a lagging indicator, will enable the trader to:

• Entering trades at better prices
• Offering trading plays that may not be apparent on technical charts
• Improving trading wins’ consistency. Mike believes that a solid intraday trader should be positive for 80% of all of their trading days

In this youtube playlist the team from SMB Capital provides ssome high quality content abou trading and how to improve our performance, I'm sure you'll find this interesting.

SMB’s Structured Methods That Beat The Market

SMB Capital offers three programs to help traders improve their knowledge and skills. These programs include both knowledge and skill development, with sufficient time to cultivate a high level of skill. Each program builds on the ones before it and progresses through skill development in closely supervised simulated and live trading.

 The first program, SMB Fundamentals, is a comprehensive introduction to the SMB Methodology. The program includes principles and practices for trading, risk management, and money management. It also covers core technical patterns, indicators, and setups.

 The second program, SMB Options Training Program, is a comprehensive options trading course that teaches traders and investors how to trade options efficiently by using non-directional strategies. The program covers the basics of options theory as well as advanced covered call writing strategies.

The third program, SMB Proprietary Trading Program, introduces the proprietary indicator system (SMB Edge) developed by SMBC for its equity desk traders. Additionally, the program introduces proprietary high probability options trading strategies that are used on the options desk at SMBC.

On their website dedicated to educational programs, you can find a range of strategies and courses for trading options.

Live Trading On Day 26

 A peek into what life is like and different in SMB Capital, is written in One Good Trade, a book by Mike, where SMBC differs from the rest of the other proprietary trading firms. Unlike other larger firms or ivy league cladded spaces, where new traders often have to wait quite a while and do other mundane stuff just to catch a glimpse of the action, SMB Capital throws the new traders into the deep end, almost immediately.

 It applies the same set of training wheels for its successful traders where results are immediately seen based on hours and hours of rinse and repeat, until the muscle memory is achieved, especially for sensing what you see on the tape.

 Similar to the SMB foundation course seen for one of the courses SMBC offers, the most grinded out section that new traders will experience day in day out, is the live trading simulation with active data feedback. The constant push to find, review, attack, and log the trade based on why the trade was even taken in the first place, is the core bread and butter of real life applicability that produces results, and consistency is highly preached at SMB Capital.

 There’s no pressure to take on more trades than you should, and a lot of the traders trade in the style that fits them the best. From scalping; the kind that will see many trades per hour, to intraday traders, where a position will be opened for more than a day to catch the big move, the focal point is still to make one good trade, and another good trade, and another, consistently.

Continued Mentoring And Coaching

 SMB Capital has made a name for itself in the trading community by taking an active approach to mentorship and coaching. SMBC mentors work one-on-one with their carefully paired mentees to review daily footage and strategize on how to improve performance.

 They’re not afraid to get into the nitty-gritty details, either: everything from brokerages and platforms to screen setups, trade management, and risk management are all fair game for review. It’s an unparalleled opportunity for traders at any level of experience to get feedback from experts who have seen it all--and done it all.

 This is similar to the way professional boxers and basketball players review footage of their matches; they know they can’t become better at their craft without learning from past mistakes and successes, and the same goes for traders at SMBC.

Our Conclusions

 There are many proprietary trading firms that focus a lot on just marketing their courses and don’t actively put the pressure on walking the walk. SMBC’s model is one that aligns whatever their courses preach, to actionable outcomes that can beat the market. The added caveat is that a trader doesn’t get paid until he is profitable, and this motivation, not only drives sniper-like one shot one kill perfection in trade execution, but also sets a good foundation of consistency.

Between the online courses, and in-person courses, there are obviously its perks and downsides for each (mostly cost-related), but just like boxing, it’s a lot easier to improve taking physical lessons than online lessons. Also for online lessons with their structured plan and active feedback methods, it’s still a better option compared to scrolling through thousands of videos and articles to reach that same point. The drastic shortcut of the learning curve is key here.

 If you’re serious about being a trader, do know what your starting point might be, and what you are willing to do (you can have an idea of sorts now with SMBC) to achieve consistent profitability.

About The5%ers.

The Prop Firm run by traders for traders.

Updated on: 2022-02-10

The5%ers is a proprietary firm funding Forex traders, its name stands for The Five Percenters: the percentage of retail traders that are believed to be profitable, and they sure want you to become one!

It’s easy for beginners to confuse proprietary firms with brokers. The difference is that brokers trade for you while funding companies give you capital funds. The 5%ers is offering funds and a growth scheme with no risks for extra charges. They chose to fund experienced traders with excellent trading skills. All capital is self-sourced by The 5%ers so they don’t accept any investments from investors.

 The firm was founded by two former Forex stock market traders Gil Ben Hur and Snir Achiel in 2016.

Read our inspiring interview with Gil to know a bit more about him and the story of The5%ers.

They were inspired by the main problem that most of the traders face and that is the lack of funds. Limited capital resources slow down progress and it takes much more time to achieve profit goals and growth.

 Now, they provide a safe trading framework and an environment with a helpful community for traders who join them.

There are two levels of trading offered to you. You start with a first level where you get a funded trading account to show your skills while following the firm’s risk management rules. When you reach level two, you get more money to trade with and new milestones that bring more money once completed.

You will have all the needed support for achieving your goals in a demanding market that takes time to succeed.

Watch this short video to get a good idea about THE5%ERS.

How does a program work?

 There are several programs to enroll in and each has a non-refundable sign-up fee. That fee is not a deposit nor a cover for possible losses and trading costs.

The5%ers are quite different from other Funders: once you join you get right away a funded account with objectives to trade by set by a fund. You agree to follow trading guidelines, rules, and objectives. You can use any trading strategy as long as it is in accordance with risk management requirements set by the Fund.

 The trader who joins the program must have experience and skill, as well as the ability to follow program guidelines and risk management requirements. All trading happens on the Forex platform and a trader is requested to be familiar with trading terms so that rules and restrictions can be fully understood. It’s required of traders, no matter the level, to trade responsibly and protect the Fund’s capital from big losses. Arbitrage trading is strictly prohibited on this platform as well as high-frequency trading strategies.

Only individual traders can join the program and it’s closed to firms, companies, groups of individuals, and other similar entities.

 Trading is allowed only with Forex major currencies like USD, EUR, GBP, JPY, CHF, AUD, NZD, CAD, and Forex Major Crosses like AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, NZD/CAD, NZD/CHF, NZD/JPY.EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF.

100K Bootcamp

 This is a low-priced program allowing you to show your skills, expertise, and above all: consistency.

It consists of 3 challenge phases that monitor your consistency and profitability. Those challenges happen on a demo account. After the completion of challenges, you get a live trading account where you start trading with a profit split.

Demo trade has a 85 EURO entrance fee and 1:10 leverage ratio. You have 12 months to complete these challenges and enroll in real trading.

 Challenge 1 starts with a $25K balance and profit target of $1,500 with a maximum loss of $1,250.

Challenge 2 starts with a $50K balance and profit target of $3,000 with a maximum loss of $2,500.

Challenge 3 starts with a $75K balance and profit target of $4,500 with a maximum loss of $3,750.

Once you transfer to live trading you get profit split up to 80:20% and growth at each additional 5% gain. You start with a 50:50% payout ratio and work toward 80:20%. You pay the one-time entrance fee of 215 EURO after passing the challenge stages. The maximum number of accounts allowed per trader is 2. There are 17 Pro PM funding levels starting from $100K and with each stage completed your account balance, maximum loss, profit target and payout ratio raise.

Specifications of $100K Bootcamp

Let’s take a look at the specifications in terms of what is allowed and what is not when it comes to this program.

•     You are allowed to perform news trading.
•     Leverage for all your accounts is 1:10.
•     You are allowed to have open trades overnight and over the weekend.
•     You must follow Stop-loss requirements at all times and not risk more than 1% of account funds.
•     You are not allowed to open a position without an SL order and doing so is considered a risk violation.
•     3 violations of the given rules will get your account suspended.
•     When there’s no activity on your account for more than 21 days your account will be closed.
•     The maximum number of accounts allowed per trader is 3 as long as each account has a different trading method.
•     Platform used: MT5 platform from MetaQuotes
•     You can use an expert advisor as long as the SL order is set and you don’t use the martingale trading method.
•     You can't copy trades between your accounts
•     You get access to The 5%ers community where you can with trading ideas page
•     You get a trading room and webinars.

 The 5%ers firm is advising that you limit your risk per trade, don’t dwell on one trade but think in terms of “series of trades”, don’t overtrade, and be mindful.

Trading is a long-term run that needs consistency, discipline, and patience. As long as you do proper risk management and take trading seriously you will be on a good path to success.

Instant funding programs

Instant funding programs come in different options with low-risk and aggressive models.

There are two funding levels: started funded capital and next funding level.

So let’s take a look at offered account types: or visit our Fundsfinder to find all the specs and compare them side by side.

1) $24,000 instant funding program

This program starts with a €235 one-time participation fee and $6,000 starter-funded capital. The profit target in this program is $375 for low-risk and $720 for aggressive models. The leverage amount is 1:6 for low-risk and 1:30 for aggressive models. The stop loss required is 1,5% for low-risk and there are no requirements for aggressive models. The stop out for the low-risk model is $5,750 and $-250 for the aggressive model.

The maximum time to achieve the target is 180 days for low-risk and 60 days for aggressive models. The next funding level is $24,000 X4 with a 50% profit split and 2.56M$ guaranteed funding.

2) $40,000 instant funding program

 This program starts with a €385 one-time participation fee and $10,000 starter-funded capital. The profit target in this program is $600 for low-risk and $1,200 for aggressive models. The leverage amount is 1:6 for low-risk and 1:30 for aggressive models. The stop out for the low-risk model is $9,600 and $-400 for the aggressive model. The stop loss required is 1,5% for low-risk and there are no requirements for aggressive models. The maximum time to achieve the target is 180 days for low-risk and 60 days for aggressive models. The next funding level is $40,000 X4 with a 50% profit split and 2.56M$ guaranteed funding.

 3) $80,000 instant funding program

 This program starts with a €745 one-time participation fee and $20,000 starter-funded capital. The profit target in this program is $1,400 for low-risk and $2,400 for aggressive models. The leverage amount is 1:6 for low-risk and 1:30 for aggressive models. The stop out for the low-risk model is $19,200 and $-800 for the aggressive model. The stop loss required is 1,5% for low-risk and there are no requirements for aggressive models. The maximum time to achieve the target is 180 days for low-risk and 60 days for aggressive models. The next funding level is $80,000 X4 with a 50% profit split and 2.56M$ guaranteed funding.

Comparison to a competition prop firm.

-       Unlike other prop firms, The5%ers offer a big scaling opportunity. They offer Hyper-Growth which means that your account balance will be doubled each time you hit a milestone. Doubling an account on your own can take a long time, especially if you’re a swing trader so this opportunity of assisted growth can take you to over $4,000,000 in funding. That is much faster than what you would achieve on your own. This scaling opportunity definitely puts The 5%ers in a great competing position.

 -       Time for challenge completion is much longer than its competitors. For $100K Bootcamp you get 12 months to complete challenges. For a low-risk funding plan, you have 180 days to hit the target and 60 days for the aggressive model. They will also allow you to have an extension of time if you reach out to them directly and if you’re close to target reach.

 -       They allow you to hold your trades during the news announcements, weekends, and overnight which is very helpful. For swing-traders is almost impossible to get funded when there are no options like this. This is a great deal and it most certainly brings more traders to The 5%ers since competition is not so flexible on this matter.

 -       Low-profit targets and no downtimes to worry about are also some of the pros when it comes to this firm.

-       95% of retail traders aren't profitable due to lack of discipline and consistency, you will find The5%ers and their support being a great opportunity.

Conclusion

 If you want to upgrade your skills in a more responsible environment and have someone else’s capital in your hands make you more disciplined, then this is a  great chance for you.

Less strict requirements may the what draws you to The5%ers but make sure that you don’t violate those. Once you get your account terminated, there’s no way of getting it back.

 You don’t need to worry about this firm’s legitimacy since you can see over 300 reviews on Trustpilot that confirm that this prop firm is great to work with.

 When choosing a prop firm it’s important to compare requirements like profit targets, allowed losses, downtimes, SLs, and challenge times with the entrance cost: our Fundsfinder makes this very easy to do.

Getting funded is a good opportunity to gain more capital faster but be sure that you can follow all requirements, that you have needed knowledge and expertise and that you can trust chosen firm.

If you take all of that into consideration and see yourself fitting in this story, go ahead, and good luck!

Your opinion.

Your opinion matters! Come visit my Instagram or Facebook page, leave your comment: I post every video about the funders on my Instagram TV, let's have the conversation over there so to include as many people as possible.

Our review of UPROFIT Trader.

Updated on: 2022-02-22

In the digital era that changes rapidly, it can get hard to keep track of all the news and upgrades. Cryptocurrencies and Forex trading may seem complicated and too expensive. You can overcome the deeply woven theory of online trading by educating yourself and to solve a funding problem there are Proprietary firms to fund your trading.

 Before we jump into all the review talk, it would be useful to go over some basics of prop trading. We will answer questions like what is prop trading, why should you do it, what are the benefits of this type of trading, and what is in it for you and for the company that funds you?

Why should you do prop trading?

“Prop trading” stands for proprietary trading which is done by so-called “proprietary firms” who invest money to profit from market activities.

They find bigger interests in earning from direct market gain instead of trading for their clients. If you’re wondering why do they do it this way, the explanation is quite simple. When prop firm funds traders it gets bigger profit than it would be if they just took the commission for trading. That’s because traders rarely have big capital of their own. The bigger the capital, the bigger are the amounts earned. So by investing in you, they get hold of more profits faster.

But how do they make sure that their money is well used? It looks like gambling a bit, right? Well, most of these firms have an evaluation period to test if they can achieve target reach. They need to know if you’re a profitable trader so the test period ensures that they don’t waste their investment. Also, most of the prop firms have monthly subscription payments or one-time payments to start trading with them. Some of them even charge test periods so they don’t lose money there, either.

 The annual return of investment is what most of those companies are striving for instead of smaller daily profits.

What this means for a trader is that more extensive capital can be obtained and worked with. It is given that you need to be experienced and profitable to at least 5-6% to pull this off. If you’re an experienced trader this will be a great opportunity to start making more money faster since you don’t have to slowly grow from your capital.

 It’s important that you know how to follow charts, recognize patterns, estimate risks and adjust your strategy accordingly. Back-testing and forward-testing knowledge are priceless for this type of trading and it’s essential to be done right.

So if you’re brave enough and you have knowledge try this type of trading to see if you will thrive. Just keep in mind to whichever trading type or assets to trade you chose, make sure that you use risk capital. Risk capital is money that you can lose without having any impact on your lifestyle or financial situation. Chose smartly, efficiently, and prudently.

Visit our FundsFinder for more information and to compare side by side about 100 evaluation programs for forex, crypto, and futures traders! 

 In this review, we will go over the Uprofit prop trading firm’s trading model and what benefits are there for you as a trader.

Watch this short video to get a good idea about UProfit: the company, the online presence, the rules and evaluation programs.

About Uprofit

 Uprofit Trader is a proprietary firm, based in Texas, United States. This company helps futures contracts traders with insufficient funds to showcase their skills and earn money by trading. The vision of this company is to create a stress-free work environment that we all crave. With their Pro-Drawdown Calculation, funded account, NinjaTrader platform, and all needed data and rules, they make sure that the trading process goes as smooth as possible for you with no worries. So your mind is free of any worries and ready to shine and do some great trading.

The set of rules to follow depends on account type so make sure you read those before deciding which one to chose.

 A very pleasant team of Uprofit Trader is there for you, supports you, and celebrates your achievements like you do. Their mission is to help you make progress faster and with help instead of alone and with much less funding.

Supported platforms to trade on are NinjaTrader, RTrader, and RTraderPro.

Funding

You can choose from multiple account sizes available from $25K to $100K. If you’re wondering how many accounts are you allowed to have, let’s clarify that.

There’s no limit on the number of evaluation accounts per login. 2 funded accounts are allowed to be connected to one email address.

You are allowed to use trade copiers between several accounts, but you can log in to just one account at a time.

Different subscription packages bring different requirements when it comes to rules, tools, profit targets, drawdown, maximum loss, and criteria.

If you choose a $25,000 funding subscription, you will pay a fee of $145 a month. With an open contracts limit of 3, a maximum daily loss of $500, and a maximum drawdown of 1250$ you need to reach a target of $1500. Time is not limited so you can take as much as you need to make this profit.

If you choose a $50,000 account size, you will pay a fee of $160 monthly subscription. With an open contracts limit of 6, a maximum daily loss of $1100, and a maximum drawdown of $1250 you need to reach a target of $2000. Time is not limited so you can take as much as you need to make this profit. For just a $15 more than $25,000 account you get double open contracts and more than double the daily loss limit, so it might be smart to start with a $50,000 funding subscription.

For $75,000 funding you need to pay a $245 monthly subscription. With an open contracts limit of 8, a maximum daily loss of $1600, and a maximum drawdown of $2500 you need to reach a target of $4250.

The last, $100,000 funding account requires a $315 monthly fee. You are allowed 12 open contracts, a maximum daily loss of $2200, and a maximum drawdown of $3000 you need to reach a target of $6000.

If you by any chance violate these and other rules you may reset your account by paying a $99 fee.

It’s important that you keep in mind that evaluation doesn’t come with a scaling plan, but when funding starts. Also, you will be happy to hear that drawdowns are not calculated between trades but at the end of the day.

Withdrawals and payments

 If you were wondering how withdrawals work with Uprofit Trader, we will try to answer your questions and tackle the most important information.

The withdraws are available 24 hours a day, 7 days a week. You can withdraw your funds at any time, even at night, on weekends, or on holidays. When you want to withdraw your money you need to send a withdrawal request to the admin email to start the process. Once received, withdraws processing time in less than 24 hours. Money will be pulled of from your account by admin and your payment will be sent to you within the next 24 hours.

 Traders can request withdrawals from day one of trading with their live accounts. Withdrawals do not affect the account Drawdown. When you choose to withdraw your funds, the account will keep the value before the request for the withdrawal. Also, there is a financial safety net that is meant to protect you from losing your Live Account security. It also prevents derailing your long-term financial goals. So unexpected events can’t hurt your account. So don’t worry about a losing streak, your account is protected.

 According to their website your safety net for each account looks like this:

• $ 9,000 Safety Net Account = $800
• $25,000 Safety Net account = $1,500
• $50,000 Safety Net account = $2,500
• $75,000 Safety Net account = $3,000
• $100,000 Safety Net account = $4,500

Profit split varies from withdrawal day number.

From day 1 to day 40 trader gets 20% of the profits within the Safety Net of a withdrawn account.

From day 41 onwards trader gets a 50% profit spit.

In case of profits above the Safety Net, a trader gets an 80% profit split.

First, $8,000 in profit brings 100% profit to traders. After the first withdrawal of $8,000 in profit, the trader will continue to receive an 80% profit split on every next withdrawal.

Unlike most of their competition, Uprofit Trader offers many different withdrawal methods. These include Paypal, bank wire, ACH, international wire transfer, and stablecoins such as USDT, and USDC.

Here is an interesting article on the differences between USDC and USDT.

Customer support

Traders of Uprofit Trader emphasize extraordinary customer support. When looking at almost 1500 reviews for Uprofit Trader you can see a high satisfaction rate with customer service as well as other aspects of their business.

 Users say that whenever they had a problem, set down, or any kind of trouble regarding account options, withdrawal process, or questions about trading, customer support was always there to assist and give the best help possible.

 And best of all, they are available 24/7 and answer really quickly. So when you are stuck you won’t have to wait for more than a few minutes for an agent to get back to you. Amazing, right?

Comparison to competition

 If you’re wondering what makes Uprofit Trader stand out from the competition, you will see that there are several significant differences.

First of all, Uprofit trader has a minimum of 10 days evaluation period with no time limit to test your skills, while other prop firms have limited testing time plus the massive upfront fees.

 A small monthly fee is paid once you choose your account size while other prop firms take a significant one-time amount. This allows you to start with less capital and use given funds to optimize your profits.

Make sure to visit our page dedicated to the Special Offers as UProfit let us share with you exclusive discounts all year round!

 Another exceptional convenience is that Uprofit offers all kinds of withdrawals that most competitors don’t. They usually have only a few of the spectrum that Uprofit offers.

 Also, you have a chance to reset your account in case you break the rules, by paying mentioned $99 fee which other firms don’t offer.

 Competition wins when it comes to the allowed daily loss limit since Uprofit Trader limit is slightly lower but still achievable.

Conclusion

 Prop trading is obviously a win-win situation for both parties, but with Uprofit Trader seems like there’s more than a win-win. Such a good offer is not the one you refuse. If we would have to pick one downside of this firm, it would be that they don’t offer education of any sort, either you know to trade or not. This is understandable since it targets only experienced traders and prevents Uprofit from losing money.

 To wrap this review up, there are plenty of options that single out Uprofit Trader from their competition. 10 days evaluation, the reasonable ratio between fees you pay and funding you get, and amazingly fast and helpful customer support. Another important aspect is that you can work in a completely calm and stress-free environment. Target profits are very achievable for expert traders if the market is relatively calm. You just need to carefully plan and analyze your risks because of low daily loss limits.

Particularly positive for the traders is the way the max drawdown is calculated, UProfit calls it Pro-Drawdown: the max loss is a limit that trails your performance, but differently from the majority of other funders UProfit calculates it only at EOD end of day, which means you don't need to be concerned about unrealizes losses nor unrealized profits moving your loss limit.

 So, if you know what are you doing and feel confident when trading and the only thing missing is funding, this is a perfect choice for you. If you are still learning we wouldn’t suggest spending your money since you may not pass the evaluation. If you have additional money to invest, then go ahead.

 If you don’t pass the evaluation on the first try, don’t worry, there’s no limited time to pass. If you decide to work on gaining more knowledge we suggest that you try again when you feel more ready.

Good luck with your trading!

Your opinion.

Your opinion matters! Come visit my Instagram or Facebook page, leave your comment: I post every video about the funders on my Instagram TV, let's have the conversation over there so to include as many people as possible.

Trader2B: the in-depth review.

Updated on: 2022-04-11

For those who wish to invest in stocks but don’t want to wait for years until they make substantial profits, stock trading is a profitable venture. For day traders, stock trading opens the potential to quick profit-making and with the right skills and strategies, a trader can scale as much as they need to. However, some problems stand in the way of potential day traders- the capital to start and a trusted platform to use.

With so many prop trading companies available, it can be a bit challenging to find one that suits your needs with offers that you can take advantage of. To make the process easier for you, we will be taking a deep dive into this firm, what it has to offer, and whether or not it is the most suitable choice for you.

About Trader2B

Founded in 2006, Trader2B is a prop trading company based in Miami Florida that offers educational programs and funding to people who want to become day traders. It allows traders to trade with about 230 stocks and has risk management tools that enable day traders to regulate the amount of risk they take while trading; the stocks that traders can trade with can be changed by the company without prior notice to traders. It also provides traders with the opportunity to examine their account performance regularly to understand what works for them and what needs to change.

With this platform, you can gain relevant experience without any financial risks through the Toro challenge that will be discussed later. Once you have tested your strategies and skill with the Toro challenge, you can move on to a Funded Live Account where you are fully reimbursed for the fee you paid for the challenge and you will get to keep 75% of the profit shares.

Some of the pros of trading with this company are that they put no limits on your lot size, your trading style, or your use of tradable instruments. A trader can easily conduct trades on their phone or laptop and it can be done anywhere as long as there is a fast and stable internet connection. If traders perform notably, they get access to capital of up to 1 million dollars which increases their trading capacity.

Watch this short video to get a good idea about TRADER2B: the company, the online presence, the rules and evaluation programs.

Let’s take a look at the ToroChallenge, one of the most talked-about features of Trader2B.

The ToroChallenge

The ToroChallenge is a real-time trading system developed by Trader2B to help new traders test their skills and strategies before trading with real money. In this simulated environment, traders can prove if their strategies will be profitable, how well they can manage risks, and if they can make profits from the capital given to them. When a trader has met the profit target of the challenge and shows consistency, they will be given a Funded Live Account.

Joining the ToroChallenge is relatively straightforward. There are 3 packages available for the challenge and the first step is to subscribe to any of the packages.

The ToroChallenge packages are:

−        The Starter Pack Toro25: The starter pack goes for $198 per month. It comes with online courses, trading analytics, and it is available on the iOS and Android mobile apps of the firm. It enables traders to make up to 200 round trades and can buy shares up to $25,000. Since the goal is to teach day traders how to make profits and minimize losses, the maximum level of loss allowed to a trader per day is $200.

−        The Professional Pack Toro100: This pack is available for $333 per month. It grants users access to educational materials and videos and online support. There are also coaching sessions, KPI analysis of their trades, and performance reviews for traders who subscribe to this package.

Here, the buying power of traders is increased as they can purchase shares up to $100,000 and can make a minimum of 200 round shares. With the increased buying power, the maximum daily loss for users is also increased to $500.

−        The Advanced Pack Toro150: This is the last package available for the ToroChallenge and it is available for $466 per month. Subscribers have their team of online support, API trading access, and guide documentation along with other benefits available in the previous packages.

The buying power is further increased to $150,000 and the maximum daily loss for traders is $800.

After choosing one of these packages, you can begin trading during the stipulated market hours and track your progress with the information on your dashboard and the other tools made available to you depending on your package.

ToroChallenge Trading Rules

These rules were created to help traders develop the habit of managing risks, become disciplined, and learn how to make successful trades. Every trader in the ToroChallenge is expected to complete the program and meet the profit targets without breaking any of the rules. Some of the rules about the challenge are:

−        A trader can only make trades during market hours. Setting overnight positions is not allowed.

−        By 16:00 ET, traders are expected to close their open orders and reduce their positions.

−        Traders are expected to trade above their Total Max Drawdown and should maintain a profit target of 6% and meet the consistency rate of at least 10%.

Trader2B will only accept candidates from the ToroChallenge with a profit factor of 1.2 or more. Once the challenge is completed successfully, the initial payment of the user is returned and added to their Funded Live Account.

A Funded Trader doesn’t need to pay the monthly subscription for the ToroChallenge but they are expected to pay around $154.50 for the professional market data provided to them by the platform.

Like most demo accounts, the ToroChallenge is an opportunity for new traders to build the skills and experience needed to be profitable traders by trading in the NYSE and NASDAQ markets without any financial risks. The resources provided during the challenge will also help in building a strong foundation for future trades.

Educational Programs

Trader2B has an educational program for both new and experienced day traders. These trading courses are available for users who take the ToroChallenge and provide a trader with basic knowledge on how to be a successful trader.

The educational materials include a free ebook called ‘The Funded Trader Manual’ and 12 units of interactive content compiled by experienced traders on the platform. The modules cover the following subjects:

−        Haywood Trader platform setup

−        Trading analytics and performance

−        ToroChallenge Overview

−        Trading plan and setup

−        Technical analysis

−        Micro & Macro Economic Fundamentals

These modules are usually recorded during market hours which gives users an in-depth understanding of what happens during trades.

Funded Live Account

The Funded Live Account is where a day trader can actively trade with an account in real and keep 75% of the profits when using Trader2B and the Haywood Trader platform which is designed to aid high-performance trading.

Funded Traders need to pay pro market data, depending on your requirements, the basic package comes at 154,50$/month.

The Haywood Trader platform has some features and benefits that may make it attractive to potential day traders. Some of these features are:

•         Keyboard shortcuts can be customized to fit a person’s trading style, preferred quantity symbols, and destinations. This feature allows multiple shortcuts to be combined into one shortcut.
•         Traders can easily modify or cancel their existing orders. Traders can also see the bid and offer prices from different stock exchanges.
•         Trades are viewed from consolidated exchanges.
•         Users have access to multi-currency management where they can view their account size, portfolio, leverage, buying power, max credit, margin, exposure, and profit and loss.
•         Haywood’s API supports C3/C++ applications to present real-time information to users. It also used FIX 4.2 for quick execution of orders.
•         Enables users to work with multiple screens and have a personalized layout of their workspace. Users can customize the destination of their orders or shares as well.
•         Access to replayed market depth information so that they can simulate trades with reduced risks even when the market is closed.
•         Traders can see the historical data of shares for up to 10 years and can use multiple charts at the same time.
•         Advanced orders like stop, hidden iceberg, IOC, market open and close, and FOK can be placed by traders.
•         Users can stay up to date with the events of the stock market by streaming news provided by the platform and you can filter the news so that you only get what you want to see.
•         Monitoring of real-time market quotes through a market watch window.

Plus, the Haywood trader platform has a supervising software called Haywood Support which helps traders with their requests. Traders on the platform use this support tool to assess their risk and execute certain actions when needed. This software can be automatically triggered when a security or trade falls below the specified range to ensure that the user has risk management tools in place to prevent excess loss.

Plus, Haywood Support allows traders to create custom rules which enable them to have different trading groups.

MyMetrics

MyMetrics is connected to the Haywood Trading platform to give users performance metrics and trading data based on their trading activity. To check your performance metric and all relevant data, all you have to do is click on the MyMetrics tab on the Trader2B dashboard and it takes you to a page where you can see the metrics of your account.

Data provided on this page include:

−        Total number of trades

−        Total quantity

−        The results from the previous day

−        Your Win rate

−        Win average

−        Loss Average

−        Long and shorts

−        Best win

−        Worst Loss

−        Net profit factor

You can also get a more complete report on MyMetrics which shows you your net balance for the previous day, the month’s revenue, the year’s revenue, profit factor, daily volume, daily net, and a chart showing your overall performance for the previous month. Plus, checking the reports section of MyMetrics, allows you to see the key metrics used by Trader2B to provide accurate statistics on a trading account and how you stack up against it.

Payout Details for the Funded Live Account

The trader gets 75% of the profits while the company receives 25% after a successful trade is made. Payout happens on a bi-weekly or monthly basis based on the profits made. Making withdrawals require monthly calculations and a trader can request payment on the 1st and 3rd week of the month.

PayPal and bank wire transfer are the common methods used to make payments on Trader2B and a trader’s account balance is adjusted at the end of every month.

Profitable traders can gradually increase their buying power and the share limits of a trader can be revised at any time. The guidelines for the Funded Live Account are pretty much the same as the ToroChallenge with a little difference. For this account, if a trader reaches their daily max loss on the first day of trading, the max loss allowed to the trader will be reduced the second day and will be cut again on the third day if the trader also fails to make a profit on the second day. When their total account balance is positive, the trader’s daily max loss will return to normal.

Frequently Asked Questions

How can I become an eligible Trader on Trader2B

As long as you are 18 years or older and participate in the ToroChallenge, you can be a trader on the platform.

Can I have multiple accounts?

Depending on your trading strategy, you can have more than one trading account but the number of accounts you have must be within and their use, must be within the rules of the company.

Can I trade cryptocurrencies or Forex?

Those options are not available at the moment but may be in the future.

Do I get a trial?

Trader2B allows a 14-day trial account to get users accustomed to the platform, its functions, and features.

Are the benefits/features mainly for new traders?

Trader2B also has some offers for experienced day traders. Offers like higher weekly payouts, direct market access, and a modern trading desk are available to professional traders.

Can I use the mobile and desktop versions at the same time?

You can’t use both to send orders simultaneously.

Conclusion

Unfortunately, I haven't managed to enroll and follow the ToroChallenge by Trader2B, I wish I had more time and be able to do so; trading US stocks is definitely a great option for making our money work for us, even better when the risk is all on the Prop Firm's shoulder right?!

There are certain pros and cons to this company but what matters is if it is the right fit for you based on the information provided.

Before you settle on any prop trading platform, especially as a beginner, it is important that you check reviews about different firms first and see the different offers and educational resources in place to help achieve your trading goals.

Your opinion.

Your opinion matters! We will highly appreciate it if you have experience in trading stocks with Trader2B and feel like sharing your experience with us.

Come visit my Instagram or Facebook page, leave your comment: I post every video about the funders on my Instagram TV, let's have the conversation over there so to include as many people as possible.

T4TCcapital : the funding arm of Traders4traders.

Updated on: 2022-03-01

How to choose from so many Prop firms available online? It can get frustrating and overwhelming to find a suitable firm that you can trust, make a good profit, and actually stick to its rules and limits. Offers are so diverse with many pros and cons so you might find yourself completely lost in the process of finding the right firm for you.

We are here to help you with this review so you can have a better picture of what this company offers to you and what you need to do for your trading to be in accordance with their rules.

T4TCcapital Traders4Traders review

First, we are gonna introduce you to this company, what is it all about and what do they offer.

Then, we’re gonna go over their educational programs and available direct funding accounts.

Hopefully, provided information will get you one step closer to deciding if this prop firm is something you would like to try.

About T4TCcapital Traders4traders

T4TCcapital Traders4traders is a Proprietary Firm with 28 years of experience that offers funding and education for aspiring traders. They are based in Dublin and New York but they also have trading servers in London. They allow trading with forex currency, equities, commodities, and indices. Their educational programs offer knowledge to new traders as well as experienced ones who want to polish their trading skills.

Pros of doing business with this firm are education opportunities, funding is up to 1 million, fast scaling program, and no time limit to reach profit target. Cons of this prop firm are not so good reputation, limited leverage of trades and no weekend holding of traders.

As in other prop firms, you need to pass the Practical Assessment to prove your skill and expertise on the demo account. You don’t have a time limitation for this process as long as you don’t violate their rules.

When you violate rules in the demo account you can pay a fee to get it back, but that doesn’t apply to live accounts. For each account, you need to pay a small one-time fee that we’re gonna talk about later. Furthermore, accounts come in different sizes with different requirements and rules.

First, let’s take a look at their educational programs, and then we will get to funded account options.

Watch this short video to get a good idea about T4TCapital: the company, the online presence, the rules and evaluation programs.

Educational programs

This company offers a Diploma in Professional Forex. Not that Diploma as a certificate should be a goal, but the knowledge that you can get should be very helpful and set you on the right path. After completion of this program, you get a guaranteed trader position with the T4TCapital Incubator Fund.

They promise that you will learn about the relationship of financial markets to the Forex Market, how to do good Risk management, and necessary teamwork.

They offer one free package with lifetime access and a duration of five hours. This one is part of their mission for trading knowledge to not be reserved only for those with money but accessible to everyone.

Foundation Forex Trading Courses

The next level is Foundation Forex Trading Course which costs $499. This package comes with 222 video lessons, 20 hours of on-demand lessons, a 100% tuition fee rebate scheme, trade execution software, a $100,000 practical assessment, and a Live 100.000 account. Access to the T4T Trading Floor on Virtual Trading Floors is also included.

You will learn industry-standard methodology, why and how Forex Market moves, how that affects the market, how to execute trades quickly and efficiently, to time your entry, technical instructions on how to analyze the market, how to manage capital dynamically, how to utilize the Fibonacci indicator, how to trade the Asian session effectively, how to pick the easy setups, how to take advantage of major stop loss runs and more.

The course contains lessons on capital management, trading analysis, technical strategy toolbox, and fundamental analysis. Also, there are lessons about the trading process with and without Economic data, trading psychology, and MT4 trading platform.

Advanced Forex Trader Workshop

For $1,499 you will learn Technical Analysis, Fundamental Analysis, Risk Management, and the Refinitiv MetaStock Xenith News Service. Prerequisites to join this program are completion of module 1 (Foundation Forex Courses), subscription to MetaStock Xenith and having it installed, and installation of all T4T trade tools on your MT4.

The methodology of this course combines retail and professional trading and includes a $100,000 practical assessment. To pass this assessment you need to make an 8% profit without violating any rules and keep a ≥50% overall win ratio.

You will learn how to Improve your Performance, Build Capital & Get Funded, how to understand and trade “Risk On – Risk Off” sentiment, Market analysis, how to prepare to trade, trade execution, and technical analysis.

Trader Development Program.

Trader Development Program includes $100,000 Practical Assessment, weekly team meetings, and One-on-One Meetings on Demand. It costs $4,999 and it’s intended for intermediate and experienced traders. To enter you need to have the previous two program modules finished. With this program, you also get full-time employment as a trader with T4TCapital.

Although the program usually takes 3-6 months to complete, they stick with you until you develop qualifications. There’s a final assessment at the end of the program to determine and test what you have learned and if you’re ready to become an associated trader. To pass this assessment you need to make an 8% profit without violating any rules and keep a ≥50% overall win ratio. If you do good you are eligible for the 100% Tuition Rebate Scheme which makes this program free for you.

Forex funding.

If you already have the knowledge and skill needed for good trading and want to skip educational programs, you can apply forthe funding programs. First, you need to pass a practical assessment to prove that you know how to trade profitably and that you’re worth investing in.

You need to reach a 10% profit target regardless of account size. Rules and requirements must be followed in order to pass this test. But, the good news is that there is no time limit to achieving the goal.

Rules are very simple. First, you need to have a valid stop loss attached to each trade whenever you open a position or place an order. Not doing this could result in the whole account being lost. You can’t hold positions over the weekend so all trades must be closed by Friday 1900GMT. If you violate this rule, you will need to reset the process completely to be eligible for funding again. You can’t risk more than the available sum which is the difference between your account balance and your nearest limit, but the Weekly Loss Limit Level or the Max Drawdown Limit Level.

You also need to follow the weekly loss limit of 2% of starting balance. This way your last week’s profits are protected. Trailing Maximum Loss Limit is set at 4% of the starting account balance. This limit protects your overall profits.

Live trading account

After you’re finished with the practical assessment you get a live trading account. There are different account sizes with scaling plans and different profit shares. For now, they offer only three account sizes which are lesser than most of their competition. But no time limit is still one of the winning pros of this company. Let’s take a look at available accounts and what requirements come with them.

$25,000 account size starts with $25,000 and it can be scaled up to $37,000. Profit shares go from starting 5% to 50%. Trade size starts from 2.5 lots and can be scaled up to 3.7 lots. The weekly loss limit starts with $500 and can go up to $3,000 in the final scaling stage. The maximum loss limit in the first stage is $1,000 and in the last stage goes up to $7,500. The first two levels come with a 40-60% profit split, the second two with a 30-70% profit split, and from the fifth till the last level profit split is 20-80%.

$50,000 account size starts with $50,000 and it can be scaled up to $75,000. Profit shares go from starting 5% to 50%. Trade size starts from 5 lots and can be scaled up to 7.5 lots. The weekly loss limit starts with $1,000 and can go up to $6,000 in the final scaling stage. The maximum loss limit in the first stage is $2,000 and the last stage goes up to $15,000. The first two levels come with a 40-60% profit split, the second two with a 30-70% profit split, and from the fifth till the last level profit split is 20-80%.

$100,000 account size starts with $100,000 and it can be scaled up to $150,000. Profit shares go from starting 5% to 50%. Trade size starts from 10 lots and can be scaled up to 15 lots. The weekly loss limit starts with $2,000 and can go up to $15,000 in the final scaling stage. The maximum loss limit in the first stage is $4,000 and in the last stage goes up to $30,000. The first two levels come with a 40-60% profit split, the second two with 30-70% profit split, and from the fifth till the last level profit split is 20-80%.

For each of those profits, shares are established based on your performance: if you make up to 10% profit, you get a 60% share. If you make 10-20% profit, you get a 70% profit share. For 30% profit, you get an 80% profit split.

Frequently asked questions about T4TCapital.

When can you withdraw profits and how much time do you wait for them?

In accordance with the Profit Share schedule, your profit withdrawal will be calculated. You can withdraw your profits on the last day of the month. Your profits will be paid the same day the invoice is received by Traders4traders.

Are rules and limits the same as on practical assessment?

Yes, all rules and limits are the same so there are no surprises. That makes it easier for you to trade.

Do they have profit targets and time limits?

There’s no time limit so there’s no stress to interfere with the trading process. Also, there are no required profit targets, so you can scale as you wish.

Can you use your broker?

This is strictly forbidden but they give you their liquidity provider. Some of the competitors, on the other hand, allow utilization of your brokers.

Can you use EA and can you trade in any style?

You can trade in any style and use any tools you prefer. The same goes for EA but you are responsible for setting Stop Loss on each open position and pending order.

Conclusion

When you take a look at the pros, cons, and conditions of this company you will be able to decide whether it seems like a good opportunity for you or not. Getting external funding is very helpful but it’s important to find a company whose offer you like. Also, it’s important that you’re able to achieve their requirements so you don’t get rejected or your account terminated.

The really good thing about this company is that there’s no time limit. This removes pressure from traders and reduces mistake percentage. On the other hand, they don’t have many account sizes available for direct funding and you need to pass the evaluation process first. That’s why direct funding is the best for experienced traders who can pass the test period and prove themselves capable of making profits.

In this review, we gave our best to set you up with all the necessary information about their funding and educational programs. It seems like educational programs offer a good starting point and possible employment with Traders4traders. Some of the modules have this as a promised option. Direct founding on the other hand doesn’t promise a reward if you show good trading skills.

We hope that you’re one step closer to deciding on which prop firm to go with and we wish you good luck in your future trading experiences.

Savius review

Updated on: 2022-02-24

Savius is one of the established Prop firms which offers funding to its traders. If you don’t know what prop firms are, let us briefly explain. Prop firms provide funds for traders instead of trading for them. This is very helpful for traders since they can grow faster. When you work with your own capital it’s a long road to return the investment and make noticeable profits. The size of the starter capital is very important since it can determine your growth speed. Of course, if you have a big capital, you don’t need prop firms, but most of the traders don’t have it.

Read all about it on our article "is proprietary trading legit?".

When working with prop firms there are profit targets, allowed amounts of risks, time to hit the milestone, drawdowns, etc. Those vary from firm to firm as well as the profit split percentage. You should find the best firm for you that resonates with your knowledge and expertise and offers requirements that you find doable.

Watch this short video to get a good idea about SAVIUS: the company, the online presence, the rules and evaluation programs.

About Savius

Savius have been pioneer in this ecosystem since 2014, it's owned by Gianluca Lambusta, and run by its CEO Tiziano Brunno, whom we interviewed last year for our blog. The team at Savius believes that traders can, and should, turn their trading into full-time jobs. Savius Prop firm is constantly working on developing new strategic models and researching fluctuations in the market to adjust its approach. A strictly mathematical approach when it comes to managing risks and returns is what provides great results for their traders.

Savius provides real money capital that you access after the evaluation phase. They cover all the losses that might appear. Your profits are paid monthly and you always have the support of their team. Savius support team works in five different languages so you really have a chance to understand the process.

There are several offers for those who want to become traders and those who already are. Savius Trading camp is perfect for those who want to learn how to trade and become successful. Savius Limitless and Savius Forex with their Pro options are challenges for experienced traders.

They operate on the following US markets CME, NYMEX, CBOT, and COMEX. They also provide access to EUREX: this is rather unique! Both e-mini and micro contracts!

But that's not all: since early 2022 they are offering trading challenges for Forex traders as well! The only other prop firm able to offer this is Topstep, which proves how forward-thinking this small boutique company is!

So let’s take a look at the trading opportunities that this Prop firm offers.

Savius Trading camp

There’s no information about Savius Trading camp on their website. You need to send an email to get info about this program and what are the requirements to join. We understand that the trading is run by their partner company Chinooky: we have watched a number of webinars and we can tell you they are the real deal!

Take this as proof of it: their offer to participate in the "live trading room + signals" is limited to just 1 month, no more! That's because they are certain you'll find such exceptional quality that you'll decide to learn their top strategies directly from them.

Most of the prop firms offer educational programs with theoretical and practical knowledge. This is different than other challenges since camps teach you to trade from scratch while funding programs require you to already be an experienced and skilled trader.

Savius Limitless Futures Challenge

This challenge is divided into four milestones where you show your expertise, skills, and experience. In the duration of the challenge, you need to show that you can follow established requirements for managing capital.

The cost of this challenge is one-time €249 and you get a demo capital of $50,000 in the first step. The first step comes with a maximum drawdown of $3,000 (6%) and a profit target of $3,000 (6%). The minimum number of days to trade is 10, you need to do at least 10 trades and a time limit for this step is 30 days. Holding trades overnight is allowed but you need to trade during the week and news release. Required consistency is 50%.

Step two carries the same requirements while step three brings some changes. In this phase your profits will be paid in real money in a profit split of 70%. A maximum drawdown is $3,000 (6%) and a profit target of $5,000 (10%).

The fourth step comes with a $100,000 real money account (yes, generous capital increase!) and a maximum drawdown of $4,000. Holding trades overnight and during the news release is allowed but you cannot trade during the weekend. The profit split is 80% and there’s no time limit to hitting the target.

You also receive a refund of your enrollment fee!

There are no steps five and six like there are for a Pro version of this challenge. Let’s take a look at the requirements for Pro Challenge.

Savius Limitless PRO Futures Challenge

The cost of this challenge is one-time €499 and you get a demo capital of $50,000 in the first step. The first step comes with a maximum drawdown of $4,000 (8%) and a profit target of $3,500 (7%). The minimum number of days to trade is 10, you need to do at least 10 trades and a time limit for this step is 30 days. Holding trades is allowed during the week, overnight, and during news releases. As it wil be on all following steps. Required consistency is 50% (they clarify better about this on their website).

This financing program stands out in the sector also because it is ideal for those who do SWING Trading!

It is unique in this industry to obtain a risk limit higher than the required profit target: it is a clear signal that Savius really wants you to become a financed trader (while other lenders are more interested in collecting the money from the registration to the competition).

The second step of the Pro version of this challenge comes with a maximum drawdown of $4,000 (8%) and a profit target of $2,500 (5%). The minimum number of days to trade is 10, you need to do at least 10 trades and a time limit for this step is 30 days. Required consistency is 50%.

The third step requires a maximum drawdown is $4,000 (8%) and a profit target of $5,000 (10%) From this phase onward your profits will be paid in real money in a profit split of 80%. Why so many steps? As my mantra goes: Patience, Patience, Patience!

The fourth step comes with a $100,000 real money account (yes! They offer a generous capital increase!) and a maximum drawdown of $4,000. The profit target is $5,000 with an 80% profit share and with no time limit.

It's at this point that you receive a refund of your enrollment fee! Nice!

The fifth step comes with a $150,000 real money account and a maximum drawdown of $6,000. The profit target for this step is $10,000. Holding trades overnight and during the news release is allowed but you need to trade during the week. This step brings the possibility of producing a Savius training course. You also get a fixed salary of $1,000 per month, 80% profit share, and access to the exclusive Group of Trader Savius.

The sixth step comes with a $250,000 real money account and a maximum drawdown of $10,000. Holding trades overnight and during the news release is allowed but you need to trade during the week. This step brings the possibility of employment in an American CTA. You also get a fixed salary of $1,000 per month, 80% profit share, and access to the exclusive Group of Trader Savius.

Savius Limitless Forex Challenge

This challenge also tests your skills in a given time frame with set requirements. The difference to Limitless Futures is that you trade with Forex in this challenge. Forex Limitless, as well as its Pro version, are also divided into steps that we’re gonna analyze.

The cost of this challenge is one-time €249 and you get a demo capital of $50,000 in the first step. Visit our Special Offers' page to obtain exclusive seasonal discounts!

The first step comes with a maximum drawdown of $3,000 (6%) and a profit target of $3,000 (6%). The minimum number of days to trade is 10, you need to do at least 10 trades and a time limit for this step is 30 days.

Holding trades overnight and news releases is allowed but you cannot trade during the weekend; this is valid for this and all further steps. Required consistency is 50%.

Step two carries the same requirements.

While step three brings some changes. In this phase, your profits will be paid in real money in a profit split of 70%. A maximum drawdown is $3,000 (6%) and a profit target of $5,000 (10%).

The fourth step comes with a $100,000 real money account, max drawdown $5,000 (5%). No more profit targets. Yes you got that right: your account just doubled in size! No broker would ever offer you this.

Maximum drawdown of $4,000. The profit split has gone up to 80% and there’s no limit to hitting the target.

Savius Limitless Forex PRO Challenge

The cost of this challenge is one-time €499 (an exclusive 100€ discount is available for you! email us about it) and you get a demo capital of $50,000 in the first step. The first step comes with a maximum drawdown of $4,000 (8%) and a profit target of $3,500 (7%). The minimum number of days to trade is 10, you need to do at least 10 trades and a time limit for this step is 30 days.

Limitless Pro is uniquely fit to the Swing Trader: you will be allowed throughout all the steps to hold trades open overnight, during the weekend, and relevant financial data releases. Use our Fundsfinder to find, using the "Intraday or Swing" filter on the right, the programs that allow you to do so, and compare them amongst each other, rule by rule.

Required consistency is 50% (find the details about it on their website).

The second step of the Pro version of this challenge comes with a maximum drawdown of $4,000 (8%) and a profit target of $2,500 (5%).

Again: pay attention here to the fact that the profit target is lower than the max loss limit: well done Savius!

The minimum number of days to trade is 10, you need to do at least 10 trades and a time limit for this step is 30 days. Required consistency is 50%.

The third step requires a maximum drawdown is $4,000 (8%) and a profit target of $5,000 (10%) In this phase your profits will be paid in real money in a profit split of 80%.

True, the profit target has grown here: but you have proven already that you can control risk, it's just a matter of being veeery patient!

The fourth step comes with a $100,000 initial capital account and a maximum drawdown of $4,000. Yes! Your account just doubled in size! The profit target is $5,000 with an 80% profit share and with no time limit. 

The fifth step comes with a $150,000 real money account (keeps growing!) and a maximum drawdown of $6,000. The profit target is $10,000.  You also get a fixed salary of $ 1,000 per month on top of the  80% profit share.

The sixth step comes with a $250,000 real money account and a maximum drawdown of $10,000. No more profit target is set. This step brings the possibility of employment in an American CTA. You also get a fixed salary of $ 2,000 per month on top of the 80% profit share.

Conclusion

Savius is a boutique prop firm that has been pioneering this sector since 2014, that's a looong time in this business!

They are able to provide you with trading education that is thought and built with the trading challenges in mind: risk management, no surprise here, is at its core!

And not just that: it's the only prop firm out there, the only one, offering a fixed income to the best traders of the group.

Focusing on the challenges: in the first 2 steps, the risk allowed is higher than the profit target! We cannot stress enough how much this helps the trader in succeeding in the challenge; and very few funders can match this.

The Max Drawdown allowed is Trailing: but different and better than other Funders, is calculated only when the orders are closed, so neither unrealized profits nor loss are considered, ever. Great!

Limitless Pro, both for Futures and Forex, is ideal for the Swing Trader.

If you fail the evaluation period test you don’t have to purchase the challenge again at the full price. You can buy within the user area which makes it significantly less costly if you do it within two weeks from the failure of the trial. This way you will only pay €149 for both Limitless and Limitless PRO programs.

The profit shares are calculated at the end of the month and they don’t depend on if you reached a target for the next step or not.

50% consistency means that your one trading session can’t result in more than 50% of total profits. This prevents single trading sessions so that you can prove your consistency and not just performance.

After completing all six steps you have a possibility of joining the “Strategika” CTA. You also get more growth chances and customized collaboration suited to your needs.

If you’re thinking about applying to some of the funding programs that Prop firms offer, this is definitely one to take into consideration. By the way, we offer an exclusive discount coupon, visit our Special Offers page to know all about it.

Although there are not many online reviews about this company, it is very promising. Conditions and terms of use seem acceptable so why not give it a chance? To apply and learn more you can visit their website and start your evaluation process today. We hope that this review gave you a clearer picture of how this Prop firm works and that you have a better understanding of the trading and funding requirements when it comes to Savius Prop firm.

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