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apex:
they are starting to terminate clients who work the system, eg pay $1000 to turn up 5 accounts where they blow up 4 of them then withdraw $2000 from the 5th and just rinse/wash/repeat. i dont know why apex isnt into that shit but they arent apparently. also if you request the max payout amount on your first payout on an account, they often reject it and cite rule violations that never took place and just blackhole the conversation, so you have to trade another 8 days to request another payout. my workaround is to request the minimum on a first payout, which always gets approved, and then if i dont blow up, i request the max on the next payout window. but that means im withdrawing $2500 instead of $4000 and thats honestly not really great. but other'n that they seem stable and profitable and ive had zero issues with their data feeds in the last year or so.
topstep:
topstep should be the Just don't fucking dance. game in town but they insisted on everyone moving to the single fucking dumbest trading platform ive ever seen aka 'projectx' which is a collection of badly written widgets that runs in your web browser. plus you have to pay an extra $30 a month just to get access to the API to trade via python, which is double-fucked because their documentation is Straight Fucking Garbage. that said, they pay out, they have no insane consistency rules, and a 5 day withdraw window. the other downside however is that once you cashout $10k they push you into a 'live account' which is some jive bullshit where youre trading a cash account but without any of the tax advantages. so the move here is to just gut the live account as quickly as possible and then re-open XFA accounts... which is so fucking dumb but the game is the game.. they are Trading Floor on my list.
mff:
https://myfundedfutures.com/ are relatively new i think but basically they are topstep with ninjatrader. for all intents they are the same rules, the same drawdown policies, the same totally reasonable consistency rules, etc etc. they are Just don't fucking dance. on my list right now.
lucid:
new prop shop, every swinging dick in twitter futures trading scene is bending the knee to them but i swear to christ i have no idea why yet. they do offer 'direct to funding' accounts that are wildly expensive but basically you pay $700 and you get access to $6000 synthetic trading capital with very lax margin requirements. and thats kinda where the good news ends... they require 10 day of trading before you can cashout, the cashout is capped at a not great amount for the first like 3 months, they are another projectx shop (but that might change soon, apparently they finally got onboarded for ninjatrader support), and honestly all that wouldnt bother me if not for this; they have a 20% "consistency policy". let me explain what that means. you cannot cash out until your most profitable day of trading is less than 20% of your total profit. now apex has a 30% consistency rule and it fucks me up fam. these guys are rolling with TWENTY. so if you catch a fucking wave and take down $20k one day, you dont see a fucking penny of your money until you earn another $80,000. can you fucking imagine? the balls on these dudes...
takeprofittrader:
plusses: ninjatrader support, no consistency rule, you can withdraw cash on day 1.
negs: they have what seems suspiciously like a trailing drawdown, they have an 80/20 profit split, and i cant tell you more about the withdraw policy because i cant fucking find any clarification on their website.
anyway, bottom line here... maxing out your accounts on topstep and mff gives you a total of 10 accounts trading a possible 30 ES/NQ (or whatever) contracts. if you pass your evals on the first try, your total investment is about $3500 give or take. if you string together 5 days where put together $10k in profit on each account, you can withdraw $50k.
the downside is that you need to somehow work with two different trading platforms to trade them all at once but if youre good with scripting you can actually pull it off using hotkeys and shit, but the more complicated a solution is, the greater the chance of slippage, of course.
the rest are, fine i guess. if apex dropped to a 5 day payout window id probably focus on them and never look back but here we are. they probably will at some point too because to their credit, they really do seem willing to make interesting changes to their program.
anyway thats whats going on out there at the moment, thats the aura check.
they are starting to terminate clients who work the system, eg pay $1000 to turn up 5 accounts where they blow up 4 of them then withdraw $2000 from the 5th and just rinse/wash/repeat. i dont know why apex isnt into that shit but they arent apparently. also if you request the max payout amount on your first payout on an account, they often reject it and cite rule violations that never took place and just blackhole the conversation, so you have to trade another 8 days to request another payout. my workaround is to request the minimum on a first payout, which always gets approved, and then if i dont blow up, i request the max on the next payout window. but that means im withdrawing $2500 instead of $4000 and thats honestly not really great. but other'n that they seem stable and profitable and ive had zero issues with their data feeds in the last year or so.
topstep:
topstep should be the Just don't fucking dance. game in town but they insisted on everyone moving to the single fucking dumbest trading platform ive ever seen aka 'projectx' which is a collection of badly written widgets that runs in your web browser. plus you have to pay an extra $30 a month just to get access to the API to trade via python, which is double-fucked because their documentation is Straight Fucking Garbage. that said, they pay out, they have no insane consistency rules, and a 5 day withdraw window. the other downside however is that once you cashout $10k they push you into a 'live account' which is some jive bullshit where youre trading a cash account but without any of the tax advantages. so the move here is to just gut the live account as quickly as possible and then re-open XFA accounts... which is so fucking dumb but the game is the game.. they are Trading Floor on my list.
mff:
https://myfundedfutures.com/ are relatively new i think but basically they are topstep with ninjatrader. for all intents they are the same rules, the same drawdown policies, the same totally reasonable consistency rules, etc etc. they are Just don't fucking dance. on my list right now.
lucid:
new prop shop, every swinging dick in twitter futures trading scene is bending the knee to them but i swear to christ i have no idea why yet. they do offer 'direct to funding' accounts that are wildly expensive but basically you pay $700 and you get access to $6000 synthetic trading capital with very lax margin requirements. and thats kinda where the good news ends... they require 10 day of trading before you can cashout, the cashout is capped at a not great amount for the first like 3 months, they are another projectx shop (but that might change soon, apparently they finally got onboarded for ninjatrader support), and honestly all that wouldnt bother me if not for this; they have a 20% "consistency policy". let me explain what that means. you cannot cash out until your most profitable day of trading is less than 20% of your total profit. now apex has a 30% consistency rule and it fucks me up fam. these guys are rolling with TWENTY. so if you catch a fucking wave and take down $20k one day, you dont see a fucking penny of your money until you earn another $80,000. can you fucking imagine? the balls on these dudes...
takeprofittrader:
plusses: ninjatrader support, no consistency rule, you can withdraw cash on day 1.
negs: they have what seems suspiciously like a trailing drawdown, they have an 80/20 profit split, and i cant tell you more about the withdraw policy because i cant fucking find any clarification on their website.
anyway, bottom line here... maxing out your accounts on topstep and mff gives you a total of 10 accounts trading a possible 30 ES/NQ (or whatever) contracts. if you pass your evals on the first try, your total investment is about $3500 give or take. if you string together 5 days where put together $10k in profit on each account, you can withdraw $50k.
the downside is that you need to somehow work with two different trading platforms to trade them all at once but if youre good with scripting you can actually pull it off using hotkeys and shit, but the more complicated a solution is, the greater the chance of slippage, of course.
the rest are, fine i guess. if apex dropped to a 5 day payout window id probably focus on them and never look back but here we are. they probably will at some point too because to their credit, they really do seem willing to make interesting changes to their program.
anyway thats whats going on out there at the moment, thats the aura check.