In an effort to simplify the selection process for traders, we’ve put together a comprehensive comparison of two-step evaluation funding programs offered by 10 leading proprietary trading firms. This detailed overview allows traders to easily assess and align their trading strategies with the objectives of various renowned prop firms.
Key Parameters for Comparison
The comparison focuses on several crucial parameters that can influence a trader’s choice of a prop firm. These include:
- Evaluation Profit Targets
- Maximum Daily Drawdown
- Overall Maximum Drawdown
- Minimum Trading Day Requirements
- Maximum Trading Day Requirements
- Profit Split Ratios
Overview of Proprietary Trading Firms and Their Programs
Here’s a simplified breakdown of the evaluation programs from each of the selected proprietary trading firms:
- My Forex Funds: Targets of 8% & 5%, a daily drawdown limit of 5%, and an overall maximum drawdown of 12%. Minimum 5 calendar days of trading with a 75% to 90% profit split. The maximum trading period spans 30 days in Phase 1 and 60 days in Phase 2.
- E8 Funding: Similar profit targets of 8% & 5%, with a 5% daily drawdown and an 8% maximum drawdown scalable to 14%. There are no minimum trading days required, and the profit split stands at 80%.
- The Funded Trader: Offers various programs with 10% & 5%, 8% & 5% profit targets, daily drawdowns ranging from 5% to 6%, and maximum drawdowns between 8% and 12%. Profit splits vary from 80% to 90%.
- Funded Trading Plus: Presents 10% & 5% profit targets, a 5% daily drawdown, and a 10% maximum drawdown. This firm doesn’t specify minimum or maximum trading days, offering a profit split of 80% to 90%.
- FundedNext: Has a 10% & 5% profit target, 5% daily drawdown, 10% maximum drawdown, and a profit split of 80% to 90%.
- Finotive Funding: Features a 7.5% & 5% profit target, 5% daily and 10% maximum drawdowns, with an attractive profit split of 75% to 95%.
- True Forex Funds: Offers 8% & 5% profit targets, a 5% daily drawdown, and a 10% maximum drawdown. Profit split is set at 80%.
- FTMO: Provides 10% & 5% profit targets, with a daily drawdown of 5% and a maximum drawdown of 10%. The profit split varies from 80% to 90%.
- Alpha Capital Group: Offers 8% & 4% profit targets, 5% daily drawdown, and a 10% maximum drawdown. The profit split is 80%.
- TopTier Trader: Has different programs with profit targets ranging from 8% to 10%, a 5% daily drawdown, and a maximum drawdown ranging from 8% to 10%. The profit split and trading days vary based on the program chosen.
This concise comparison aims to assist traders in finding the best fit for their trading style, considering both the rewards and the risks involved in these proprietary trading firm programs.
