Choosing a trusted prop firm is crucial for success in forex trading. Below is a detailed introduction of three reputable prop firms with registration links, their pros and cons, and reasons to avoid FundedNext and FTMO.
✔️ Backed by the reputable broker OpoFinance
✔️ Direct liquidity independent of challenge sales
✔️ Uses broker-level servers (not buggy proprietary prop firm servers)
✔️ Offers accounts up to $400,000 with diverse plans
✔️ Free retries allowed on Legend accounts
✔️ Pays 75% profit even after rule violations lasting more than 5 days
✔️ Up to 90% profit split on Legend accounts
✔️ Allows the use of trading robots
✔️ No strict copy-trade rules during challenges
Cons: Newer and less known than bigger firms.
✔️ Worldwide reputation and professional challenge stages
✔️ Comprehensive training and support
Cons:
❌ Strict copy-trading and robot usage restrictions
❌ Accounts often blocked for high profits citing copy-trading
❌ High challenge and evaluation fees
✔️ Variety of plans and user-friendly interface
Cons:
❌ Reports of withheld profits and account blocks due to copy-trading claims
❌ Technical and support issues compared to competitors
Proprietary servers with bugs and technical issues
Strict policies causing account blocks for profitable traders
Delayed or withheld profit payments
| Feature | FundedNext ❌ | FTMO ❌ | forfx ✔️ |
|---|---|---|---|
| Broker Backing | ❌ | ❌ | ✔️ |
| Direct Liquidity | ❌ | ❌ | ✔️ |
| Server Type | Proprietary | Proprietary | Broker-level |
| Max Account Size | Up to $200K | Up to $200K | Up to $400K |
| Free Retry | ❌ | ❌ | ✔️ (Legend accounts) |
| Profit Payment on Rule Violation | Possible Block | Possible Block | 75% profit paid |
| Profit Split | Up to 80% | Up to 80% | Up to 90% Legend acc. |
| Robot Usage Allowed | Limited | Limited | ✔️ |
| Strict Copy-Trading Rules | ✔️ | ✔️ | ❌ |
According to reliable statistics, over 90% of traders fail prop firm challenges due to strict limitations and complex rules. Therefore, before entering the prop trading world, it is crucial to have full confidence in your trading skills and abilities. It is also highly recommended to consult with experienced traders who have a proven track record with prop firms and learn from their valuable insights. After consistent practice and mastering your strategies, you can confidently purchase a prop account and participate in challenges, maximizing your chances of success.
Achieving success in prop firm challenges and securing a funded account in the forex market requires the use of professional and tested trading strategies.
At 4X MetaTrader, you can access top-notch trading strategies designed with precise market analysis and risk management to boost your chances of passing prop firm challenges. Additionally, leveraging reliable trading signals as a trading assistant can help you make faster and smarter decisions, ultimately enhancing your profitability. To improve your performance in prop firm challenges, it is highly recommended to use these strategies and signals while continuously gaining experience through education and practice.
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