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 breaks below 1.1000 on stellar NFP
The buying bias in the Greenback gathers extra pace on Friday after the US economy created far more jobs than initially estimated in September, dragging EUR/USD to the area of new lows near 1.0950.
GBP/USD breaches 1.3100 after encouraging US Payrolls
The continuation of the uptrend in the US Dollar motivates GBP/USD to accelerates its losses and breaches 1.3100 the figure in the wake of the release of US NFP.
Japanese Yen edges higher, upside appears limited due to rising doubts over BoJ rate hikes
The Japanese Yen appreciates as the US Dollar remains tepid ahead of the US labor data release on Friday. Japan’s Economy Minister Akazawa stated that the timing of any monetary policy changes is crucial. Traders await Friday’s US employment data, including Nonfarm Payrolls (NFP) and Average Hourly Earnings, for further direction.
Editors’ Picks
EUR/USD breaks below 1.1000 on stellar NFP
The buying bias in the Greenback gathers extra pace on Friday after the US economy created far more jobs than initially estimated in September, dragging EUR/USD to the area of new lows near 1.0950.
GBP/USD breaches 1.3100 after encouraging US Payrolls
The continuation of the uptrend in the US Dollar motivates GBP/USD to accelerates its losses and breaches 1.3100 the figure in the wake of the release of US NFP.
Gold rebounds from daily lows and flirts with $2,670
Following a post-NFP dip to the $2,640 region, Gold prices now embarks on an acceptable rebound and retest the area of $2,670 per ounce troy despite the marked advance in the US Dollar and rising US yields across the board.
US Payrolls surge in September, as 50bp rate cut ruled out
US payrolls data surprised on the upside in September, rising by 254k, smashing expectations of a 150k rise. The unemployment rate fell to 4.1% from 4.2%, average hourly earnings increased to a 4% YoY rate and there was a 72k upwards revision to the previous two months’ payrolls numbers.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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