Welcome to Prop Firm Hub 2.0!!!
Over the past 5+ years, the prop firm space has evolved quite significantly. It has reached a point where I and many others felt the need for a new, revamped discussion on the subject.
For those that have been around the entire time, FTMO, although not the originators of the space, quickly grew to be the largest. To this day, they are still considered the standard of excellence in the forex prop firm world.
We also witnessed the birth My Forex Funds and when they introduced a similar 2 step challenge to FTMO, with slightly better targets and lower pricing, they challenged and surpassed FTMO as king of the prop world.
We saw Scamgelo and The Funded Trader, Jessica and Funding Talent..... and then the race to grab a piece of the pie led to the space becoming riddled with scammers, fraudsters and even, folks with possible good intentions, that simply had no clue how to run this business model.
There are too many to list, I personally used 5 different firms, had significant funding and then of course, we all know the story by now of MFF and the ensuing decline of the forex props.
Fast forward to today, FTMO is still the largest, the 5%ers is still going strong. Unfortunately, neither are available to traders of the USA.
A lot of folks have gravitated to futures props, either forced as a USA citizen or simply due to the lack of legitimate forex firms remaining.
Personally, I use Tradeify and MyFundedFutures, but there are several other reputable and paying firms which I am sure we will disscuss here.
We also have alternative models.... such as Darwinex and Darwinex Zero. They are a regulated broker and actual hedge fund where one has the opportunity to trade real investor capital. I have 3 accounts there as well.
There is AxiSelect, another alternate model. I, self-admitingly, am not too familiar with their model, as they are also off limits to USA traders.
The sole purpose of this thread will be to discuss ALL brokers/firms one can obtain capital and funding REMOTELY. We will not discuss JOBS where one has to report to a desk. The remote funding space is evolving and hopefully there will be new and innovative funding models in the near future.
This is a space to discuss first hand experience, good and bad, with the various brokers and firms we are using. Online reviews cannot be trusted, affilaites compensated for promoting cannot be trusted. Therefore, no commercial agendas are welcome and will be removed immediately
Actual traders sharing first hand experience is, by far, the most acurate resource we are going to find anywhere. Use the good firms and expose the bad.
The aim is for a very clean, on topic, well run thread.
While we will not discuss trading strategies, per say, feel free to discuss methods on how to build and scale capital..... such as payouts funding further evals, how to split risk among several accounts/firms, when to copy trade, etc. Trading results are welcome and encouraged.
In my opinion, returns are capped by risk taken, therefore to earn more it is all about maximizing AUM......Let's build those portfolios!!!!
Again, welcome to the new and improved Prop Firm Hub 2.0!!!