What are your thoughts on prop firms , is worth to trade for prop firms or is better to trade with your own capital in futures markets ?
Similar topic on Forexfactory: https://www.forexfactory.com/thread/1257486-self-funded-vs-prop-firm-truth-behind-it
By the way, Topstep's $150K account doesn't mean they put $150K into your account. Instead, it means they provide $150K worth of buying power to use for margin. Initial max loss limit = $4K, and daily loss limit = $3K means your actual leverage should be much smaller.
Even with my tiny account equity, I can trade over $1m FX notionals...how the heck can you make decent PL with 150k trade size in FX
Less risk with prop firms. You do a challenge and then have access to much more capital in terms of allowed max. drawdown than with trading on personal account. But of course if you trade a large personal over $1 million US Dollar then those props have no added benefit for you anymore. It is about risk capital.
APEX is best for futures, but wait for the 90% discount to enter. Usually every second month there is a 90% discount. For FX and Gold, FTMO is best in town.
Does Apex pay out ? I know my topic looks like I started trading today actually I trade for like 6 years and I discovered prop firms like 2 years ago and I still don’t get any withdrawals from them .
Futures are leveraged as well. To buy 1 ES contract with the low margin brokers you need $500, the notional value of 1 ES contract is currently around $238K. Same for FX futures, for 1 6E (EUR/USD) contract the margin requirement at AMP is $525, which equals to over 1:230 leverage since the $ value gained or lost per pip equals to 1.25 ($125,000) spot FX lots ($12.5 per pip).