#1 Apex Trader Funding
REVIEW SUMMARY
Apex Trader Funding is a futures prop firm based in Austin, Texas. It was founded in 2021. Read the complete Apex Trader Funding review here.
FEATURES
Instruments include equity futures, foreign exchange futures, agricultural futures, energy, and metals futures.
Maximum balance: $300,000.
Profit Split: 90%
Cost: from $137 per month.
Platforms include TradingView, Web, NinjaTrader, Tradovate, Rithmic, Volfix, ATAS, Quantower, SierraChart, MotiveWave, Bookmap X-Ray, Jigsaw Daytrader, Edgeclear, and Finamark.
PROS AND CONS
What I like:
Fast evaluation using only one step.
The first $25,000 is paid with no profit split. You receive 100 percent of the profits.
Trading during the news has no limits.
The technology prevents you from exceeding your maximum position size by mistake, which could cost you your account with other organizations.
You can request up to two payouts every month.
What could possibly be improved:
Holding trading overnight is not permitted. You can trade for 23 hours every day, however.
Except for the Static account, the trailing threshold updates based on open positions, which may be easily checked using the software they give.
#2: MyFundedFutures
The feedback from users of this futures firm is excellent, which is one of the reasons I rank it in the top three of the best futures prop firms.
REVIEW SUMMARY
My Funded Futures is a futures prop firm based in Texas, USA. It was founded in 2022. Read the complete My Funded Futures review.
FEATURES
Instruments include equity futures, foreign exchange futures, agricultural futures, energy, interest rate futures, and metal futures. My Funded Futures offers three account types: Starter, Milestone, and Expert. Starter accounts are designed for traders looking to manage a lower-risk account with manageable monthly fees. They feature low monthly fees, incremental contract limits, and a profit target and payout structure. Milestone accounts provide a structured multi-phase evaluation, focusing on consistent performance and offering one-time fees. Expert accounts are tailored for advanced traders, offering higher contract limits and a time-based payout structure that allows more frequent withdrawals.
Starter and Starter Plus accounts offer a structured scaling plan that allows traders to increase contract limits as they hit profit milestones. Higher account sizes follow similar scaling steps but with larger contract allowances.
Maximum balance: $150,000.
Profit Split: 90%
Cost: from $80 per month.
Platforms include TradingView, NinjaTrader, Tradovate, ATAS, and Quantower.
PROS AND CONS
What I like:
Minimum trading days are as low as one!
There is no daily loss limit.
Payments were handled in less than six hours.
The evolututions have only one step.
The drawdown is only updated at the end of each day.
What might be improved:
There is no education material, but it can be obtained from various sources on the internet if necessary.
Discounts are not as large as those offered by other firms.
#3 Take Profit Trader
This one is one of my favorite because it processes withdrawals within a few hours. No other firm can match this pace.
REVIEW SUMMARY
Take Profit Trader is a US-based Futures prop firm offering various instruments, including Equity, Foreign Exchange, Agricultural, Energy, Interest Rates, and Metals Futures.
FEATURES
Instruments include equity futures, foreign exchange futures, agricultural futures, energy, interest rate futures, and metal futures.
Maximum balance: $150,000.
The initial profit split is 80/20, with the trader receiving 80% of the profits and the firm keeping 20%. After reaching the Pro+ level, the profit split increases to 90/10, allowing the trader to receive 90% of the profits.
The firm charges $150/month and offers platforms like TradingView, NinjaTrader, Tradovate, Rithmic, Volfix, ATAS, Quantower, TradeNavigator, MultiCharts, MotiveWave, RInvestor, Bookmap X-Ray, Jigsaw Daytradr, and Finamark.
PROS AND CONS
What I like:
Only 5 days to receive a paid Pro account.
Pro+ accounts are actual accounts with real funds transferred to the exchange, as opposed to other firms that fund you in a simulated environment.
You can receive up to a 90% profit split.
You can have up to three funded trading accounts.
What might be improved:
The drawdown from funded accounts tracks your open profit in real time, but it stops trailing once it reaches the initial account amount.
Only day trading is allowed.