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Prop Firms with Balance Based Drawdown

TheTrustedProp
Date: May 10, 2024

Prop Firms with Balance Based Drawdown!


City Traders Imperium

A UK-based prop company called City Traders Imperium provides trading challenges in the Forex and crypto asset classes. The well-known trading platforms MT4 and MT5 are available to traders. The prop firm accepts card and cryptocurrency payments, and Deel and cryptocurrency withdrawals. As their broker, they cooperate with Eightcap.

 

The prop company provides a Two Phase Challenge with detailed guidelines. Traders' profit target for Phase 1 is $800, or an increase of 8%. Phase 2's profit objective is reduced to $400, or a 4% gain. With a daily loss cap of $400 or 4% of the account's value, traders must make sure that their maximum loss does not exceed $800 or 8% of the trading account's value. Leverage can be increased up to 1:100. Traders receive 85% of the profits, with the remaining 15% going to the company.

 

Trades can be funded with a variety of capital alternatives ranging from $10,000 to $200,000. There is immediate money accessible, and there are chances to scale capital by making a 12% profit in three months. Scaling permits a 30% gain over the starting balance. Copy trading is allowed but high-frequency trading (HFT) is not. Expert Advisors (EAs) and hedging are prohibited.

 

Twitter, live chat, and Discord all offer customer service. The prop firm does not provide free trials, and participants from Russia are not permitted. They don't host contests or offer free retries.

 

You can utilize the given server, EightcapLtd-Demo3, with the MT4 platform for the demo and spread check. These are the login details for the demo account: Password: yrm8cg4ju5, ID: 2145708153.


Bespoke Funding

Bespoke Funding is a prop company with a UK registration. Its official email address is [email protected], and it was founded on September 26th, 2022. The company gives traders the chance to take part in the Two Phase Challenge. Traders have access to a variety of payment options, including Skrill, Paypal, and cards, and can utilize either the MT4 or MT5 trading platforms. Cryptocurrency, bank transfer, and wire transfer are all acceptable withdrawal methods. Working with the broker Traders Global Group is Bespoke Funding.

 

Each step of the Two step Challenge has its own goals and regulations. A profit target of 8% within a minimum of 30 calendar days is required for traders in Phase 1. Phase 2 traders are required to trade for a minimum of 60 calendar days, with a 5% profit target. In either phase, traders are not permitted to incur a drawdown greater than 12%. Additionally, traders need to maintain a maximum leverage of 1:50 and trade at least five days per week.

 

Traders must meet all requirements and win all phases of the challenge in order to get a funded account from Bespoke Funding.

 

Trading participants in the Two Phase Challenge have access to funding capital options of $10,000, $25,000, $50,000, and $100,000 from Bespoke Funding. Additionally, they provide quick cash with a $300,000 maximum allocation that can be scaled up to $600,000 subsequently.

 

At Bespoke Funding, scaling is determined by a set of standards. There are no daily drawdown limitations, but traders are not permitted to surpass an aggregate drawdown of 5% or 10%. Depending on the trade instrument and the phase, leverage up to 1:100 is permitted. Depending on the phase, accounts scale by 1.5x or 2x every 20% of the time.

 

Hedging is permissible at Bespoke Funding, but High-Frequency Trading (HFT) and copy trading are not. Expert Advisors (EA) cannot, however, be used. Twitter, Live Chat, and Discord all offer customer service. The company does not provide free trials or free retries. The programs of Bespoke Funding are not open to traders from Russia. Additionally, Bespoke Funding sponsors contests for traders.

 

Lark Funding

Lark Funding is a prop company with legal status in the USA. They may be reached at [email protected], which is their official email address. It was founded on November 1, 2022. The company gives traders the choice to take part in One Phase or Two Phase Challenges. Using the MT4 and MT5 trading platforms, traders can trade in the asset classes of Forex, cryptocurrency, and CFDs.

There are precise guidelines and goals for the One Phase Challenge. The maximum drawdown for traders is 6%, while the daily drawdown is 5%. The 10% profit objective has been set. The opportunity to upgrade with features like 90% profit splits, double leverage (20:1), weekend holding, and no stop loss requirement is available to traders throughout the checkout process. The One Phase Challenge provides funding capital options of $25,000, $50,000, $100,000, $500,000, and $1,000,000.

The Two Phase Challenge has its own set of guidelines and objectives. A daily downside of 5% and a maximum trailing drawdown of 10% must not be exceeded by traders. The profit target is established at 8% in Phase 1 and is reduced to 5% in Phase 2. Similar to the One Phase Challenge, traders have the option to upgrade their account at the time of checkout to gain access to features like 90% profit splits, double leverage (50:1), weekend holding, and no stop loss requirements. The Two Phase Challenge provides funding capital options of $25,000, $50,000, $100,000, and $200,000.

The use of Expert Advisors (EA), hedging, or High-Frequency Trading (HFT) are not permitted by Lark Funding. Twitter and Discord both offer customer service. Although the company does not provide free trials, they do host trading tournaments. The programs of Lark Funding are not open to traders from Russia. The initial fundraising specifications include a maximum allocation of $1,000,000, which does not change after scaling, but no precise scaling plan is stated.


Funded Engineer
The UAE-based prop company Funded Engineer provides trading difficulties and rapid funding choices. Founded on December 15, 2022, the company. On the MT5 trading platform, traders can trade Forex, cryptocurrencies, and CFDs.

Crypto and cards are both accepted at Funded Engineer, and Deel and crypto are both supported for withdrawals. The company's broker of choice is Purple Trading.

One Phase Challenge and Two Phase Challenge are the two different sorts of challenges offered by Funded Engineer. There is no minimum requirement for the number of trading days in the One Phase Challenge. The precise dollar amount that corresponds to each trader's 10% profit target may differ depending on their particular account sizes. The maximum loss a trader may sustain is 6% of the value of the trading account, and daily losses must not exceed 4% of the account's value.

The One Phase Challenge's funding capital varies from $10,000 to $500,000. In the Two Phase Challenge, traders must complete Phase 1 with an 8% profit target without regard to a set amount of time. The overall loss should not exceed 10% of the value of the trading account, and the maximum daily loss should not be more than 5% of that value. The number of trading days in Phase 1 need not be at a minimum. In Phase 2, traders are given a 5% profit target along with 5% maximum daily and overall loss requirements. The Two Phase Challenge permits a trading leverage of 1:50.

Funded Engineer also offers instant funding. The allotment can scale up to $1,500,000 from the limit of $500,000 after scaling. Starting from the trader's initial trade date, capital increments take place every three months. To be eligible for a capital increase, traders must have a net profit of at least 10% over a three-month period, complete at least three withdrawals during that time, and have an account balance higher than the starting balance. 25% of the purchased challenge account's initial beginning balance will be increased. If traders match the requirements, the Funded Engineer team will get in touch with them through email in less than 24 hours.

HFT is not permitted in Funded Engineer's trading environment, although copy trading, hedging, and the use of EAs are all permitted.

Twitter, live chat, and Discord all offer customer service. The company restricts traders from Russia and does not provide free trials. Competitions are organized by Funded Engineer, and no free retries are offered.

A demo account can be used by traders to evaluate the platform. The following are the demo login credentials for MT4 on the Purple Trading server:

MT4 ID: 13104685; Server: PurpleTradingSC-Demo02

the code ENGINEER2023.

It is advised to get in touch with Funded Engineer directly for more particular details and terms and circumstances about the challenges, instant funding possibilities, and demo account usage.

 

Maven
A two-phase challenge is available for aspiring traders from Canadian company Maven Trading. They offer access to well-known trading platforms including MT4 and MT5, and they accept a number of payment options like Skrill, Crypto, Paypal, and Cards. They work with the broker Eightcap and accept withdrawal requests via Deel, Crypto, or Bank Transfer.

Traders have the chance to scale their performance in the Maven Trading Two Phase Challenge. The 5% off the current account balance, not the opening balance, rule governs daily drawdowns. The drawdown limit scales as traders build up their account balance. The maximum downside, however, stays constant at -10% (based on the opening balance). Traders must be profitable over an extended period of time and satisfy certain requirements in order to seek scaling. Traders can receive up to 25% extra capital to trade when these requirements are satisfied, with no upper limit on how much their account balance can increase overall.

High-Frequency Trading (HFT) is not permitted at Maven Trading, although traders may employ Expert Advisors (EAs) and participate in copy trading. They provide live chat and Discord for client support. Russian traders are not permitted to join, despite the fact that Maven Trading does not offer free trials or retries. Furthermore, they don't have trading tournaments.

Please be aware that the information supplied is based on data that is currently available and may change.

 

FTMO

FTMO is a Czech Republic-registered prop company. The company was founded on May 1st, 2017, and its official email address is [email protected]. The company gives traders the chance to take part in the Two Phase Challenge, which is divided into Phases 1 and 2. Using well-known trading platforms like MT4 and MT5, traders can trade in the asset classes of Forex, cryptocurrency, and CFDs.

There are set guidelines and objectives for the Two Phase Challenge. 44 days are allotted to traders in Phase 1 to reach their 10% profit goal. If they are successful, they move on to Phase 2, where they have another 60 days to reach a 5% profit goal. Risk management is essential since traders must make sure that their drawdown doesn't go above 10% of the peak value of their trading account. A daily drawdown cap of 5% is also in place to restrict losses during a single trading day.

Trading customers have access to FTMO's range of funding capital alternatives, which include $10,000, $25,000, $50,000, $100,000, and $200,000. Additionally, the company provides quick funding with a $400,000 maximum allocation, which can be expanded to $800,000 after scaling. Scaling can be accomplished by either attaining an overall 10% increase over the course of four months, which would result in a 25% account scaling, or by growing the account by 2.5% every month for four straight months.

HFT is not permitted at FTMO, however other activities including copy trading, hedging, and the use of expert advisors (EA) are. Customers can contact customer service by using the Live Chat tool. The business provides free trials and free retries. Russian, North Korean, Pakistani, and Israeli traders are not permitted to participate. Competitions are not organized by FTMO.

Through the Two Phase Challenge, FTMO offers traders the chance to demonstrate their trading prowess and secure funding for their trading accounts.

Glow Node

A UK-based prop company called Glow Node provides trading challenges and options for immediate funding. The business was incorporated on April 9, 2022, and given the company ID 14037065. On platforms like MT4 and MT5, traders have the option to trade Forex, cryptocurrencies, and CFDs.

Cards and crypto are accepted as payment methods at Glow Node, and Deel, crypto, and bank transfers are available for withdrawals. The company uses Eightcap as their preferred broker.

The company offers both one-phase tasks and two-phase challenges. The profit share in the One Phase Challenge is set at 80/20, with the possibility of greater splits up to 90/10 dependent on success. Based on their performance and readiness, traders advance to Phase 2, where their profit goal is 10% or $10,000 in trading winnings. There are no rigid time restrictions, however daily drawdown shouldn't go higher than 4% or $4,000 in losses. The maximum drawdown permitted is 8% of the peak value of the trading account.

The profit share and time constraints for the Two Phase Challenge are the same as those for the One Phase Challenge. The profit target is cut to 5% or $5,000 in Phase 2 from the initial 8% profit target or $8,000 in gains. The maximum drawdown permitted is 10% or $10,000, with a daily drawdown cap of 5% or $5,000 in losses.

The financial capital options for both challenges range from $5,000 to $200,000.

At Glow Node, instant funding is also accessible. Traders are not constrained by precise profit targets in Phases 1 and 2, and the profit split is the same as the challenges. Time restrictions are flexible, and daily drawdown is capped at 5% of losses, or $5,000. Additionally, 5% of the peak value of the trading account serves as the absolute drawdown cap.

Traders can scale up their money based on performance using Glow Node. After scaling, the maximum allocation of $300,000 can increase to $1,000,000. The scaling rule states that a three-month streak of gains of 4% each month will result in a 25% growth in account size.

HFT is not permitted, copy trading is permissible, hedging is not permitted, and the use of EAs is allowed when trading at Glow Node.

Twitter, live chat, and Discord all offer customer service. The company restricts traders from Russia and does not provide free trials. Competitions are not organized by Glow Node, and no free retries are offered.

It is advised to get in touch with Glow Node directly for more particular details and terms and circumstances about the challenges and fast funding choices.

 

Goat Funded Trader

A systematic test is offered to wannabe traders by Goat Funded Trader. You can get in touch with them by emailing [email protected], which is their official address. There are two unique phases to the challenge, and MT4 and MT5 are just two of the trading platforms available. Payment options for traders include Skrill, Crypto, Paypal, and Cards, among others. You can make withdrawals using Deel, Crypto, or bank transfer.

Following certain guidelines within the Two Phase Challenge is a requirement for participation. Trading participants in Phase 1, also known as the Classic Challenge, have 60 calendar days to reach a 5% profit target. Trading restrictions will apply after Phase 1 has been completed successfully. The execution of the first transaction marks the start of the performance measurement period. The profit target remains at 5% in Phase 2, often known as the NO Time Limit Challenge, but there is no set deadline.

The funding capital alternatives available to traders are $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000. The maximum allocation for traders is set at $1,000,000 and can rise to $2,000,000 after scaling. While copy trading, hedging, and expert advisors (EAs) are authorized, high-frequency trading (HFT) is not. Discord offers customer support, giving traders a place to ask questions and get answers.

Goat Funded Trader provides traders with a significant opportunity to demonstrate their abilities despite the lack of free trials. Russia and other nations are forbidden from taking part. The challenge does not hold contests and does not grant free retries. Goat Funded Trader offers traders an organized atmosphere where they can show off their trading skills and strive toward hitting profit goals while abiding by the laid out rules.

Fxify

A prop company with a UK registration is called Fxify. It has been operating since May 1, 2023, and its official email address is [email protected]. Both the One Phase Challenge and the Two Phase Challenge are available to traders through the company. Traders can use the MT4 and MT5 trading platforms to conduct Forex, cryptocurrency, and CFD trading.

For the One Phase Challenge, traders must hit a 10% profit target while maintaining a 5% daily loss cap. The largest drawdown that can be made is 6%. To accomplish the challenge, traders must also conduct a minimum of 5 trading days. The One Phase Challenge provides funding capital options of $25,000, $50,000, $100,000, $200,000, and $400,000.

Each phase of the Two Phase Challenge has a different profit target. Trading participants set a 10% profit target for Phase 1 and a 5% profit target for Phase 2. Additionally, traders are required to maintain a 5% daily loss cap and a 6% maximum drawdown. There must be a minimum of 5 trading days, just like the One Phase Challenge. The Two Phase Challenge offers the same funding capital possibilities as the One Phase Challenge.

As its broker, FXPIG collaborates with Fxify. Traders can make payments using cryptocurrencies and cards, and withdrawals can be made via Deel and cryptocurrencies. High-Frequency Trading (HFT) is not permitted by the firm, however it does permit copy trading, hedging, and the use of expert advisors (EAs). Twitter, Live Chat, and Discord all offer customer service.

Free trials, competitions, and free retries are not provided by Fxify. However, traders can use a demo account and the FXPIG server to check spreads. The username and password for the demo account are 2100133370 and 6dtvtbjs, respectively.

Please be aware that for the most current and accurate information, it is best to confirm the facts directly with Fxify.


Traddoo

The registration date of Traddo, a prop company, in the United States of America is May 1, 2022. The One Phase Challenge and the Two Phase Challenge are two of the challenges they provide. Using popular trading platforms like MT4 and MT5, traders can trade a variety of asset classes, including Forex, cryptocurrencies, and CFDs.

 

Before beginning to trade in the live funded environment for the One Phase Challenge, traders must reach a profit target of 10%. A maximum drawdown of 6%, measured as a trailing percentage of their closed trading balance, is another requirement. The funding capital options available to traders range from $10,000 to $200,000.

 

Before moving on to the second phase of the Two Phase Challenge, where they strive for a secondary profit target of 5%, traders must hit an 8% profit target in the first phase. The maximum account drawdown is 10%, calculated as a static position of the initial balance, with a daily drawdown cap of 5% based on the previous day's end of day balance. The Two Phase Challenge provides financial investment possibilities ranging from $10,000 to $200,000, with a $1,000,000 allocation and scaling cap.

 

Expert advisers (EAs) and copy trading are both permitted on Traddo. Through Twitter, live chat, and Discord, they offer customer service. Although they don't provide free trials, they hold contests to attract traders. Free retries are not offered, though.

 

Please be aware that the information is based on the available data and could change.

 

FundedNext

As a prop trading company, Funded Next offers traders the chance to take part in their Two Phase Challenge. They provide a variety of payment options, such as Skrill, Crypto, Paypal, and Cards, and they support well-known trading platforms including MT4 and MT5. Deel, cryptocurrency, or bank transfer are all accepted withdrawal methods, and they work with the broker Eightcap.

 

Trading participants in Funded Next's Two Phase Challenge strive to meet a 25% profit target without a set deadline. Trading on Funded Next's funded account with a 60% profit share begins when this goal is attained. The profit split percentage may be raised, maybe to 90%, depending on the trader's performance.

 

The funding capital alternatives offered by Funded Next range from $5,000 to $200,000, with a maximum allocation of $1,000,000. The maximum allocation can increase to $2,000,000 after scaling.

 

Trading with Expert Advisors (EAs) and copy trading are both legal but High-Frequency Trading (HFT) is forbidden. Live chat and Discord are accessible for customer help. Although Funded Next does not provide free trials or free retries, traders from Russia are not permitted to participate. Furthermore, they don't hold competitions.

 

Please be aware that the information provided is based on the data currently available and may change.

 

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