Difference between revisions of "Test"

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==Scouting firm comparison==
 
  
Below you will find the 4 of the most popular scouting programs and their offering for comparison:
 
  
''Note: Any field with "Entry" and "Max" refers to the entry level evaluation package as compared to the highest end evaluation package. These come at different price points.''
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! style="background:#d0e5f5" width="150pt" | [[File:Ftmo.png|link=https://geni.us/FTMO]] <br> [https://geni.us/FTMO https://ftmo.com <br> FTMO​]
! width="40pt" |
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! style="background:#d0e5f5" width="150pt" | [[File:Topstepfx.png|link=https://geni.us/TopStepFX]] <br> [https://geni.us/TopStepFX https://topstepfx.com <br> TopStepFX]​
! style="background:#d0e5f5" width="40pt" | [https://geni.us/FTMO https://i.imgur.com/ekJZnT7.png] <br> [https://geni.us/FTMO https://ftmo.com <br> FTMO​]
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! style="background:#d0e5f5" width="150pt" | [[File:Traders4traders.png|link=https://geni.us/T4TCapital]] <br> [https://geni.us/T4TCapital https://traders4traders.com <br> Traders4Traders​]
! style="background:#d0e5f5" width="40pt" | [https://geni.us/TopStepFX https://i.imgur.com/olhky2U.png] [https://geni.us/TopStepFX https://topstepfx.com <br> TopStepFX]​
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! style="background:#d0e5f5" width="150pt" | [[File:5percenters.png|link=https://geni.us/fivepercenters]]<br> [https://geni.us/fivepercenters https://the5ers.com <br> The 5%ers​]
! style="background:#d0e5f5" width="40pt" | [https://geni.us/T4TCapital https://i.imgur.com/yBFFThr.png] [https://geni.us/T4TCapital https://traders4traders.com <br> Traders4Traders​]
 
! style="background:#d0e5f5" width="40pt" | [https://geni.us/fivepercenters https://i.imgur.com/sExmqZt.png] [https://geni.us/fivepercenters https://the5ers.com <br> The 5%ers​]
 
 
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| '''Trial Account Max Buying Power / Leverage''' || 100:1 || Entry: $200k <br> Max: $500k || 100:1 || 6:1 (with 30:1 'aggressive' programs also available)
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| width="100pt" | '''Trial Account Max Buying Power / Leverage''' || 100:1 || Entry: $200k <br> Max: $500k || 100:1 || 6:1 (with 30:1 'aggressive' programs also available)
 
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| '''Trial Account Size''' || Entry: $10k <br> Max: $100k || Entry: $2k <br> Max: $5k || Entry: $25k <br> Max: $100k || Entry: $6k <br> Max: $20k
 
| '''Trial Account Size''' || Entry: $10k <br> Max: $100k || Entry: $2k <br> Max: $5k || Entry: $25k <br> Max: $100k || Entry: $6k <br> Max: $20k
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| '''Cost Per Month:''' || n/a || Entry: $125 <br>  Max: $275 || n/a || n/a
 
| '''Cost Per Month:''' || n/a || Entry: $125 <br>  Max: $275 || n/a || n/a
 
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And finally, my own thoughts and recommendations on the above companies:
 
 
They are all marketing heavy, which is fine, but it's important not to get caught up in flashy numbers. When a scouting program advertises $100k of buying power in forex, that's just 1 standard lot, and at 100:1 leverage, that would imply you're trading a $1000 sized account. Perhaps the evaluation fee would be worthwhile for the risk system, structured environment, and training...but judging these programs on just the account balance alone might make some look a bit skimpy.
 
 
There's a lot to be said about having accountability and risk controls when you trade, and these programs all enforce it. You may not find value in the profit split or account size (especially if you're well off and already have funds to trade,) but trader scouting program might just be what gives you the structure you need to find consistency. Simply put, some people just need a stronger framework applied externally to excel in the trading world, and there's nothing wrong with that.
 
 
 
 
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Revision as of 21:48, 22 February 2021


Ftmo.png
https://ftmo.com
FTMO​
Topstepfx.png
https://topstepfx.com
TopStepFX
Traders4traders.png
https://traders4traders.com
Traders4Traders​
5percenters.png
https://the5ers.com
The 5%ers​
Trial Account Max Buying Power / Leverage 100:1 Entry: $200k
Max: $500k
100:1 6:1 (with 30:1 'aggressive' programs also available)
Trial Account Size Entry: $10k
Max: $100k
Entry: $2k
Max: $5k
Entry: $25k
Max: $100k
Entry: $6k
Max: $20k
Funded Account Size Entry: $10k
Max $100k
Entry: $2k
Max: $5k
Entry: $25k
Max: $100k
Entry: $24k
Max: $80k
Challenge Period 30 Days, but 2nd round verification required with stricter conditions No Time Limit (3 month inactivity timeout,) but 2nd round verification required with stricter conditions No Time Limit (3 month inactivity timeout) 6 Months (or less)
Profit Share 70% 100% of first $5k, 80% thereafter 60% 50%
Overnight / Over-Weekend Positions Weekday overnights permitted, NO weekend positions Weekday overnights permitted, NO weekend positions Weekday overnights permitted, NO weekend positions Overnights and weekends are permitted
News Trading / Restriction Some news releases are restricted for trading none none none
Minimum Trading Days 10 days none none 20 days
Daily / Weekly / Position Loss Limit Entry: $500 (Daily)
Max: $5,000 (Daily)
Entry: $1,300 (Weekly)
Max: $3,300 (Weekly)
Entry: $500 (Weekly)
Max: $2,000 (Weekly)
-1.5 % max loss per position (!)
Maximum Loss Limit Entry: $1,000
Max: $10,000
Entry: $1,300
Max: $3,300
Entry: $1,000
Max: $4,000
4% Absolute drawdown (not trailing)
Profit Target Entry: $1,000
Max: $10,000
Entry: $2,000
Max: $5,000
Entry: $2,500
Max: $10,000
Entry: $375
Max: $1,400
Refundable Fee Yes no no no
Platforms MT4, MT5, cTrader MT4 MT4 MT4
Cost Per Month: cell 2 cell 3 cell 4 cell 5
Notes If you do not pass the challenge, but didn't violate any risk rules, your next challenge is free TopStepFX also has a scouting program for futures trading called [TopStepTrader] Stop loss orders must be attached to every position and pending limit order Live account evaluations and earning from evaluation carry forward into your funded account.
Cost Per Attempt: Entry: €155
Max: €540
n/a Entry: $199
Max: $350
Entry: $275
Max: $875
Cost Per Month: n/a Entry: $125
Max: $275
n/a n/a