Jump directly to comparison tables by drawdown type
Benefits of End-of-Day Trailing or Static Drawdown
Embarking on a journey in futures proprietary trading demands a careful selection of the right firm to align with your trading goals. In this exploration, we’ll delve into some of the best futures prop trading firms that offer the unique feature of end-of-day trailing drawdown. As a seasoned trader in the dynamic world of futures, I’ve encountered various firms that use real-time trailing drawdown from unrealized profits, and here’s a quick breakdown why you should ditch these programs in favour of programs with a static or end-of-day trailing drawdown.
Risk Management Precision:
Generally, by trailing the drawdown at the end of each trading day, traders can make more informed decisions about position sizing and risk tolerance, fostering a disciplined approach to trading.
Reduced Intraday Stress:
End-of-day trailing drawdown minimizes the need for constant intraday monitoring, providing traders with a reprieve from the stress associated with minute-by-minute drawdown adjustments. This can be particularly beneficial for those who prefer a more relaxed trading approach without sacrificing risk management efficacy.
Strategic Position Holding:
With the end-of-day trailing drawdown mechanism, traders have the flexibility to hold positions strategically, allowing for the potential realization of longer-term trends. This aligns well with the nature of futures trading, where trends can unfold over multiple hours. Traders can capitalize on larger market movements without being overly constrained by intraday drawdown triggers.
Comparison Table of the Best Futures Prop Trading Firms with EOD Drawdown:
45% off Code FALL
00d: 00h: 00m: 00s
|
Code 50DISCOUNT
|
No active sale
|
|
TRADEIFYGrowth Plan |
LMILiberty Market Investment |
MFFU STARTERMy Funded Futures |
|
|
|
$
150
/ 100K Eval
|
|
Funded account set-up fee | $0 | $0 | $0 |
Out-of-pocket from eval to funded | $186 | $180 | $150 |
Trailing End-of-Day Drawdown | |||
Max drawdown | $3500 | $3000 | $3500 |
Daily loss limit in evaluation | $2500 | - | $2400 |
Daily loss limit in funded account | $2200 | $2000 | - |
Consistency rule in eval | None | Best day <50% of total profit | None |
Consistency rule in funded | Best day <40% of equity | Review for prohibited activites | Best day <40% of total profit |
Profit target | $6000 | $6000 | $5000 |
Days to pass | 1 | 2 | 1 |
Account sizes | 50 | 100 | 150K | 30-300K | 50 | 100 | 150K |
Market data fees in funded account | - | CME Group: $13 per exchange/month | EUREX: €20/month | Funded LIVE $135 per exchange/month |
Datafeed payment | Out-of-pocket with credit card | Deducted from account balance | $0 in Sim Funded | deducted from Live Funded balance |
Trading platform(s) | Tradovate/TradingView | NinjaTrader | VolFix (1st month free in funded acct) | Tradovate | Ninjatrader | Quantower | Volumetrica | ATAS |
Payout policy | 100% of first $12,500 | 90% thereafter | 100% of first $30,000 | 90% thereafter | Every 5 winning days | 100% of first $10,000 | 90% thereafter |
GET FUNDED NOW
Use code FALL for 45% off |
GET 50% OFF
50% off on your first purchase |
GET FUNDED NOW
|
Comparison Table of the Best Futures Prop Trading Firms with Static Drawdown:
Launch pricing
00d: 00h: 00m: 00s
|
|
UProfitZero Rules |
|
Pricing |
|
Trading platform | TradingView |
Account sizes | 30 | 50 | 150K |
Profit traget | $2000 | 3000 | 10000 |
Max loss | $1000| 2000 | 5000 |
Max contracts | 2 | 4 | 6 |
Activation fee | $149 |
Total from eval to funded | $198 |
Days to pass | 1 |
Payout condition | 5 days of profit +$200 |
Maximum withdrawals per cycle | 50% of profit limited to $1200 | 2000 | 3500 |
Minimum withdrawal | $200 |
Swing trading allowed | Yes, you can leave trades open from 18:00 ET on Sunday until 16:00 ET on Friday. |
GET FUNDED NOW
|
Conclusion
In the dynamic realm of futures proprietary trading, choosing a firm or plan with end-of-day trailing or a static drawdown is a nuanced decision that requires careful consideration of one’s trading style and risk management preferences. The precision it offers in evaluating daily performance and the reduced intraday stress are compelling advantages, but it’s crucial to weigh these against potentially letting unrealized profits slip away instead of locking them in based on order flow events or other statistical measures.
Ultimately, the best futures prop trading firm for you will depend on how well its features align with your trading goals and preferences. As you explore the landscape of prop trading opportunities, consider the balance between the structured risk management offered by end-of-day or static trailing drawdown and the adaptability required for success in the ever-changing world of futures trading.