I want to create a funding challenge to raise my capital. heaps of firms cropping up lately and heaps of FUD regarding delayed payouts, account closures, etc. Some younger companies have attractive promotional deals, but I’m wary for obvious reasons.
Aside from the big two (FTMO and 5%ers), which firms do you use or suggest, how long have you been financed, and have you been paid out?
Top prop firms in October 2023 included The 5%ers, SurgeTrader, The Funded Trader, FundedNext, and True Forex Funds. Consider factors like profit split, account size, and evaluation process when choosing.
In my experience, starting a funding challenge can be both exciting and risky. I’ve found that while the big names like FTMO and 5%ers are well-established, there are other firms worth considering. I’ve worked with firms like TopStepTrader and The Trading Pit, and they’ve been reliable with payouts. I’ve been financed by them for over a year, and they’ve consistently paid out on time. When choosing a firm, I recommend looking for reviews from current users and ensuring the firm has a solid track record of fulfilling its promises. It’s essential to balance attractive promotional deals with verified reliability to avoid issues with delayed payouts or account closures.