Prop Firm Hub

Quoting brasciolo

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Hi everyone! In your opinion, what are the best prop firms (in terms of reliability) that allow the use of EA? FTMO does not encourage much use of EA and has a very low number (2000) of daily operations allowed (under penalty of account suspension). Are there other reliable prop firms that allow more operations? Thank you

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Quoting CableJ

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{quote} ahh ok...... will you have the same approach once you get past your 3rd payout month & cap it removed (if you're not there already)?

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Quoting TrAndy1

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https://atf.com/news/2024/04/10/root...l-2023-results That says a lot. Fourth Quarter Highlights: Sales decreased 2.9% year-over-year to $108.2 million DTC sales decreased 0.8% to $97.8 million Gross margin was 58.6% compared to 56.5% in fourth quarter of 2022 DTC gross margin increased to 59.9% from 58.7% Net income totaled $14.6 million. Gross profit 63,416,000 General and Administrative ("SG&A") expenses 41,199,000 Net income 14,621,000 Free Cash Flow 36,059,000 How they can have over 12 million monthly...

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Quoting TrAndy1

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The monthly net profit is around 10% of overall payouts now. Only a slightly increase to payouts versus incoming fees and the whole simulated model goes to bottom, like every other Ponzi, if incoming fees are not same growth. Just look at the google visits over the past year. It never increased that much like the payouts. No with the fall of MFF and TFT everyone on FX prop looks and eyes with Future props, like any US trader is forced to use future props. They game the system on Apex like they would do on any other FX prop, but now it becomes toxic...

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Quoting TheDoug

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{quote} I'm 100% new to futures - but what's the problem with going live with Apex? do they drastically change the trading conditions? Will that force you into "professional trader" classification? If you have the habit of $1000/day or so with 20 Apex accounts, why can't you just continue that with a live account? Guess I need to more research into this

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Quoting TrAndy1

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$9,281,665 Average Monthly Compensation to Customers Since January of 2023 $144,948,045 Total Compensation to Customers Since 2022 $58,628,763 Total Compensation to Customers In The Last 90 Days Apex statement on website. All I want to show is payout growth to fees growth. The visitor numbers in google I do have it exactly. But they never have grown over 1000% in 1 year or so. But the payouts. Payouts in 2024 around 19 million per month ! If payouts since 2023 are $9.2 million monthly, it means that nearly all payouts are done since 2023 and before...

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Quoting pipmaster77

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{quote} TBH, no need. At month 4, when payout cap is lifted, you can pull everything including your buffer and put in your personal account. At that point, it is financially better to rinse and repeat from square 1 and then again dump into personal account.....you can have a half a million + personal account in a year if done precisely.

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Quoting CableJ

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{quote} You can't trade the amount of total contracts live that you could across accounts in the sim environment, so It depends on how many total contracts you need to make that 1000 a day. If Apex's live is like Topstep, Takeprofit & Tradeday, you may have pro monthly data fees. Why pay Apex 10%? Take your profit, open your own account and keep 100%. Lastly, with your own account you save on taxes with 60/40 capital gains tax vs independent contractor ordinary income tax @ props.

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Quoting Cryptosurf

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{quote} How stupid can you be? That's a news report release about a company ROOTS aggregated from their news feed. https://atf.com/news/ {image}

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Quoting Capablanca

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Cryptosurf and CableJ I thought your strategy was to withdraw the maximum (after 3 months), leaving no buffer and obviously violating the account, just to rinse and repeat new challenges...

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Quoting TrAndy1

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{quote} Yes of course, but it does not make sense. Because on personal account you have real size and real execution. You only get DREAM EXECUTIONS on futures props, where copy trading is the way to go how to cheat them. You have no advantage to copy trade on any personal futures account.

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Quoting pipmaster77

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{quote} TBH, no need. At month 4, when payout cap is lifted, you can pull everything including your buffer and put in your personal account. At that point, it is financially better to rinse and repeat from square 1 and then again dump into personal account.....you can have a half a million + personal account in a year if done precisely.

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Quoting Capablanca

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Cryptosurf and CableJ I thought your strategy was to withdraw the maximum (after 3 months), leaving no buffer and obviously violating the account, just to rinse and repeat new challenges...

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Quoting TrAndy1

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Apex was always number 1 on Futures props, even 2 years ago. There was no alternative. No competition will come as US traders are forced to use futures props. There is no way that income fees are 100 times over 2 years, but payouts growth are 100 times over 2 years on Apex. How can they survive with that payouts growth?

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Quoting CableJ

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{quote} I'm not a brute force prop trader like Monty. I like to keep my costs low by maintaining the accounts, so I leave a decent buffer after withdrawal. if they ever force me to go live that is when I would exit

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Quoting TrAndy1

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Also Cryptoshitty is allergic who says something against Apex. This is his only prop, no FX prop, just this one future props. He denies that he get dream executions on level 2 but he has no idea how the markets work. If you have 100 contracts to scalp in and out multiple times a day, you can only do this futures props like Apex.

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