OneUp Trader is a Trader Recruiting and Placement Company: this means that they run directly the recruiting via challenges, and assign the traders to a third company that will provide fundings; which company will provide the funds is usually revealed when signing the contracts.
It’s strength relies on the fact that it suffice to pass the combine once to obtain funding, it won’t cancel your combine if you hit the daily loss, instead it will block it temporarily (no weekly loss limit here), and boosts a strong customer support.
It’s hard to understand who founded Oneuptrader or who is behind it, MES Capital (already a funder on its own right) declares on its website that they joined in with Oneuptrader officially as of June 2017.
Earn2Trade is the only Funder for Futures that allows you to trade long term, not purely intraday: very important! It’s an education company that teaches
trading, and matches its successful students with proprietary trading firms. At Earn2Trade are constantly making improvements to The Gauntlet, they recently announced: a full refund to traders who perform exceptionally well (at least 20% profit and less than 5% drawdown), and 100% withdrawal of first 5k in profit for everyone! The team consists of experienced traders, accomplished educators, and outstanding developers. They offer a Beginner Crash Course and the super complete 4 months long Bootcamp. During enrollment they ask you to provide a Trading Plan which you’ll have to follow, they allow you to trade during off market hours and over the news, in The Gauntlet Mini rules are a bit different though. What truly matters to Earn2Trade is that the traders show good discipline and serious commitment.
Founded in 2012 by Michael Patak, a former Dow futures floor trader in Chicago, based in USA is probably the first and most popular online Funder. It’s strength relies on the fact that they provide the trading funds directly, have a large community of traders, very efficient customer support, as well as Chat Rooms, live webinars, and a very interesting blog. Its weakness is on the strictness of rules, such as: having to pass the challenge twice, the max drawdown is trailing, trading over the news (so many news!) is not allowed, and the fact that even your funded account will be cancelled if you break a rule.
Savius LLC is a boutique proprietary trading firm founded by a team of italian traders in Chicago; in addition to its proprietary trading business, Savius has been a futures US Funder since 2015. Probably the smallest among the Funders, its model is quite different from the rest as it requires to pass the “Challenge” twice yes but with a maximum of 10 trading days for phase 1 and a maximum of 30 days in phase 2; much more interestingly yet they offer professional training and a semi-automated algo strategy for counter-trend trading. It may have a much smaller traders community than the rest, but this might turn up to be a positive: they will focus more energies on you!
Topstepfx is part of Topsteptrader, created in 2018, focuses on Forex traders.
Founded in 2012 by Michael Patak, a former Dow futures floor trader in Chicago, based in USA is probably the first and most popular online Funder. Its strength relies on the fact that they provide the trading funds directly, have a large community of traders, very efficient customer support, as well as Chat Rooms, live webinars, and a very interesting blog; in these programs the traders are allowed to trade over economic news and to hold trades overnight. Its weakness is on the strictness of rules, such as: having to pass the challenge twice, the max drawdown is trailing, and the fact that even your funded account will be cancelled if you break a rule.
FTMO is a fairly new project yet proving to be very successful and popular. Based in Europe, conceived in 2014 in a small Prague office where a handful of young daytraders, including the three future founders, joined their forces and developed it further into an international project in 2017. With 2 “Verification” periods of 10 minimum days, and up to 30 and 60 days, its strength lies on the traders support: Account MetriX, Statistical App, Mentor App, Trading Journal, Account Analysis. And it’s still the only funder offering a fixed max drawdown (not trailing), capital increase with proven profit, and they even allow you to run up to 3 challenges, hence having the chance to obtain funding for 3 accounts at once.