When selecting a proprietary trading firm, it’s essential to understand each company’s offerings, account rules, and the advantages and disadvantages they present. Below is a comparison of several prop firms, including their official website links, basic information, and an analysis of their pros and cons.
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1. Alpha Futures
- Website: https://alpha-futures.com
- Overview: Alpha Futures offers a one-step evaluation process for traders to qualify for funded accounts up to $450,000.
- Account Rules:
- Evaluation: Traders must demonstrate profitability and adhere to a maximum drawdown rule; there is no daily drawdown limit.
- Pros:
- High funding potential.
- Simplified evaluation with no daily drawdown.
- Cons:
- Specific details about profit splits and fees are not readily available.
2. OneUp Trader
- Website: https://www.oneuptrader.com
- Overview: OneUp Trader provides a fully funded trader program with accounts up to $250,000 upon successful completion of a one-step evaluation.
- Account Rules:
- Evaluation: Traders must trade approved instruments during specified times, avoid exceeding the trailing drawdown, and close positions before major economic releases.
- Pros:
- Straightforward evaluation process.
- Clear trading guidelines.
- Cons:
- Restrictions on trading during major economic news events.
3. Phoenix Trader Funding
- Website: https://phoenixtraderfunding.com
- Overview: Phoenix Trader Funding offers traders the opportunity to pass evaluations and receive funding without personal financial risk.
- Account Rules:
- Evaluation: Specific account rules are not detailed in the provided information.
- Pros:
- Emphasis on risk-free trading opportunities.
- Cons:
- Lack of publicly available detailed account rules.
4. Traders Launch
- Website: https://traderslaunch.com
- Overview: Traders Launch provides funding for futures traders, offering account sizes up to $200,000 with no time restrictions on payouts.
- Account Rules:
- Evaluation: Traders must hit a profit target and avoid exceeding the end-of-day drawdown, which locks at the starting balance.
- Funded Accounts: After achieving the initial profit target, traders can scale up, increasing their contract size with each 1% account balance increase, up to a maximum of 15 contracts.
- Pros:
- No time restrictions on payouts.
- Transparent scaling plan.
- Cons:
- Specific profit split percentages are not detailed in the provided information.
5. DayTraders
- Website: https://daytraders.com
- Overview: DayTraders.com offers funded futures trading accounts with instant account creation, allowing traders to start immediately.
- Account Rules:
- Account Types: Various plans are available, including static and trailing drawdown accounts, with starting capitals ranging from $25,000 to $75,000.
- Evaluation: Traders must meet specific earnings targets without breaching drawdown limits.
- Pros:
- Instant account creation.
- No profit split.
- Free access to trading platforms and real-time data.
- Cons:
- Limited information on scaling opportunities beyond initial account sizes.
6. Funded Futures Family, TradeShield, Humble Futures Trading
- Overview: Specific information regarding these firms’ official websites, company overviews, and account rules is not readily available in the provided sources.
- Recommendation: It’s advisable to consult the Futures Trading with Kelly Ann website or perform targeted searches to obtain the most accurate and up-to-date information about these firms.
In conclusion, each proprietary trading firm offers unique advantages and potential drawbacks. Traders should carefully consider their trading styles, financial goals, and the specific rules and benefits of each firm before making a decision.
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