Cavell Poleon Team
Cavell Poleon
The path to financial freedom is paved with challenges, and for traders and investors, choosing the right proprietary trading firm can make all the difference. The focus falls on three notable names in the industry: Top Step, FTMO, and the up-and-coming Accelerated Prop Group (APG). Each offers a unique approach to helping you unlock the door to the next generation of prop trading.
But What are the Benefits of Prop Trading?
Prop firms are not only more collaborative but also offer better risk management than traditional firms. As well as this, prop traders have access to larger amounts with which to trade.
APG’s low barrier to entry and 24/7 internal support network are helping to make prop trading a safer and more profitable place. Read on to find out more!
APG: The Next Generation Prop Trading Firm
APG is the new kid on the block, but it's quickly turning heads with its innovative features and market-leading methods. They've crafted a two-step Evaluation Process that sets them apart from the competition. Most prop firms impose a 30-day time limit to pass evaluations, but not APG. This flexibility is a breath of fresh air for traders. With APG, the old saying ‘time is money’ takes on a new meaning.
Additionally, APG offers little to no spreads, ensuring minimal interference in your trades. In what is a huge feature, APG provides quicker access to your profits by offering bi-weekly payments. No more waiting 30 days for your money!
The leverage is another winning point; APG offers 1:100 leverage, higher than the 1:60 typically offered by other firms. Plus, their pricing is more affordable, giving you better value for your money.
Finally, APG University offers comprehensive training and courses for those who are new to the prop trading world. Tailored mentorships offer tips on trading psychology and risk management to name a few…
Explore APG’s Proprietary Trading Courses and Take the First Step towards Success here.
Top Step: The Path to a Better Lifestyle
Top Step's vision and mission focus on transforming traders into better traders with healthier habits. They've funded thousands of traders globally, paying out millions in withdrawals. Their accolades, including being on the Inc. 5000 list and recognized by Crain's as one of the best places to work in Chicago, speak to their success.
Top Step's approach involves the Trading Combine, an experiential learning and evaluation program for futures traders. However, it's essential to note that their Maximum Loss Limit (MLL) calculation differs from APG.
While other prop firms often calculate MLL based on unrealized profits intraday (high water mark), Top Step calculates it based on your end-of-day balance, offering more trading room. The Trading Combine encourages discipline and skills growth in simulated markets.
FTMO: Learning by Doing
FTMO is another established name in the prop trading world. Their 2-step Evaluation Process involves the FTMO Challenge and Verification stages, which traders must pass to access an FTMO Account. Once qualified, traders can earn up to 90% of their profits, a tempting proposition, and one that is matched by APG but not Top Step.
The Path to Financial Freedom
As traders look to the next generation of proprietary trading, they are presented with various choices. APG stands out with its flexible evaluation process, more frequent payouts, and enhanced leverage and pricing, making it perhaps the most enticing option for those wishing to get into proprietary trading.
Top Step focuses on nurturing improved trading practices, emphasizing healthy habits. Meanwhile, FTMO offers a comprehensive 2-step evaluation process, coupled with significant profit-sharing potential.
Each of these three firms boasts unique strengths tailored to different trader preferences and objectives. It's essential to consider one's individual trading style, goals, and priorities when selecting the most suitable prop trading firm. Ultimately, the road to financial freedom is a personal voyage, and these firms could be the key that unlocks the door.
For more information: Visit APG's website
This article is sponsored content
Editors’ Picks
EUR/USD stages a recovery near 1.0760 amid upbeat US Dollar
The EUR/USD rebounds from its three-week low at 1.0723, which was recorded on Friday. The pair trades higher around 1.0760 during the Asian trading hours on Monday. However, the US Dollar received an upward momentum after the release of stronger economic data from the United States.
GBP/USD recovers some lost ground near 1.2550 ahead of the UK employment, US CPI data
The GBP/USD pair holds positive ground during the Asian session on Monday. The pair recovers some lost ground from Friday’s low of 1.2500 and trades around 1.2551, gaining 0.03% on the day.
USD/JPY: Japanese Yen keeps falling, as US Dollar firms up on risk aversion
The Japanese Yen is accelerating its decline against the US Dollar. Reduced bets for an imminent shift in the BoJ’s policy shift undermine the JPY. The US Dollar benefits from upbeat US NFP data and broad risk aversion. The focus shifts to the US CPI data and the Fed decision this week.
Editors’ Picks
EUR/USD stages a recovery near 1.0760 amid upbeat US Dollar
The EUR/USD rebounds from its three-week low at 1.0723, which was recorded on Friday. The pair trades higher around 1.0760 during the Asian trading hours on Monday. However, the US Dollar received an upward momentum after the release of stronger economic data from the United States.
GBP/USD recovers some lost ground near 1.2550 ahead of the UK employment, US CPI data
The GBP/USD pair holds positive ground during the Asian session on Monday. The pair recovers some lost ground from Friday’s low of 1.2500 and trades around 1.2551, gaining 0.03% on the day.
Gold price languishes near two-week low, focus shifts to US CPI and key central bank meetings
Gold price remains under some selling pressure for the second successive day on Monday. Reduced bets for a March Fed rate cut move and a modest USD uptick weigh on the metal. Geopolitical risks could help limit further losses ahead of this week’s key data/event risks.
Bitcoin price crashes 7.7% in Asian session, sets off $200 million in liquidations
Bitcoin (BTC) price dropped 7.74% in the last hour, briefly tagging the $40,400 level. According to data from CoinGlass, this move caused nearly $200 million worth of positions to be liquidated.
Central stage: The big three central banks in focus
As we approach the end of the year, this week holds particular significance for macro observers. The three major central banks, often referred to as the "Big 3" – the Federal Reserve, the European Central Bank (ECB), and the Bank of England (BoE) – are all scheduled to convene.
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