The TRUTH about Forex Funding Programs?

(Use code YTVIP for a subscriber discount!)

🎱 Eightcap: #1 FX Broker for NON-US clients:

💱 OANDA: #1 Forex Broker for US Clients:

🐂 WeBull: #1 Stock Broker for US Clients:

🌎 Choose a broker by country:

DISCLAIMERS
This video expresses our personal opinions only, and is NOT in any way financial advice. Trading financial markets involves risk, and is not suitable for all investors. We are not responsible for any losses incurred due to your trading or anything else. We do not recommend any specific trade or action.

Note, please do your own due diligence before making a decision to do business with any financial brokerage. A1 Trading will make a small affiliate commission should you choose to sign up for either of the affiliated brokers above. Thank you for supporting the channel!
Please be aware of impersonators online: We will not message people directly asking for payment. Please be aware of impersonators and do not send money to any account that is not listed on our website.

[johnkerr]

Traders fail prop firms because they assume the account size is their equity, when in reality their equity is the drawdown. Big difference!

[Manuel-ucpm]

I'm a 200k funded trader but I always assume that I am 20k funded trader since I'm only allowed to loose 20k.. with that mindset I'm good

[emanuelawonusi]

I love prop firms the issue I see is that people keep going for the 100-200k accounts when they’re not constant yet in trading..I recommend if you’re starting a challenge for the first time start with the lower accounts like the 10-20k and work your way up.

[mattdiu]

For new traders out there, pls just start trading with $50 or $100 with 0.01 lots size and you’ll learn a lot before you depletes that account.
It’s ok to blow your accounts as new trader but the real thing is how fast you blow it, if you can trade for 1 month and you’re still have your small account, I think you’re learning something. If you start making profits, do not 5x or 10x that lot size because that is the moment you’ll blow your entire account in 1 week or a day.

[WCK_PT]

The thumbnail is not true for what you say in the video. And yes, a begginer should avoid these programs. I made that mistake and failed 4 evaluation programs. But it's the best and probably the only way to get acess to a 6 digit account.

[bxnxjmin]

I disagree.

Also, even when you get funded, you aren't "funded". The prop firms are never giving you access to their capital like you said. They are simulated trading firms. When you become "funded" they just pay you the profit out of their pocket. They are never going to let you access their money and risk losing it. Lol.

They are obligated to release that information on their websites and in their terms and conditions as well.

Its simulated trading and if you are consistent, they copy your trades at their discretion on a leveraged account.

Prop firms are a great opportunity, and its best to start with a demo. But I disagree with the way you shoot them down in this video.

[ramvhaldhiramvhal]

if you cannot grow up your 100 or 1k dollars personal capital. Surely, you cannot grow up a 100k prop firm account. being successful in trading is depend on your skills, risk management, and discipline whether its personal or prop firm capital.

[Lifeoflaylo]

Maybe not a week but guys...you don't have to wait until your profitable for a have a whole year to take the challenge. I say trade with a DEMO account for 30-60 days and if you're profitable by then then go for the challenge. I hear what nick is saying but not everyone has the financial comfortability to practice for a whole year ESPECIALLY if they're trying to create a full time revenue from trading

[MrBazukaz]

You raised a valid point, a beginner should completely avoid it, this will just eat them up and demotivate them because those targets are unrealistic, I'm glad that you are raising this awareness

[timbatee]

I took the demo and passed fairly easily a few times before I paid for the evaluation and passed it. I also spent over a hundred hours testing and fine tuning my strategy specifically around the prop firm rules before starting the evaluation. Using prop firms isn't bad as long as you properly prepare for it and are confident you can stay profitable month after month

[StockMarketInsights-]

The truth is prop firms rob failed traders to pay the successful traders. This is true for most of the firms that have tricky rules and trap traders to fail.

[ral]

funded only for good traders been with my forex fund for a year no payment issue or delay, but traders must use risk management

[Coquillages]

"Funded" accounts are nothing but demo accounts. Their business model is about making money off people who fail the challenges. The people who pass the challenges will be paid out of the revenue from the failed challenges but the odds are against you and they know it.
Think logically, would you let a stranger trade your 50k with 2 months trading history? The major hedge funds etc require you to have 3 years of trading history before you step foot on their trading floors.

[tmtraders]

i was trade for 3 years not making money and i tack only 1 prop firm from MFF then boom making my first $13k in my life so follow your mindset

[wescald]

I wasn’t profitable I took the challenge passed and have been on my 6th month of profitability. All bc I had rules I had to follow. Literally made me profitable

[Mo_]

I got two x 100k accounts to verification stage... So I decided to hedge the accounts... I passed one account and got the other into DD (BUT NOT ENOUGH TO VIOLATE THE DAILY LOSS) the next day I also recovered that account and passing both the accounts.

The banned me from the platform and said it was because I used a "reverse trading system".... Just goes to show how FTMO just wants to steal challenge money.

Even though I passed both accounts following the rules listed on their website, they did not refund a single penny.

[renebleu]

Great video. I’ve lost 10k since learning aka tuition but now that I’m funded. No regrets because what I can make every month makes the lessons I’ve learned worth it. But correct, I took over a year of demos and small accounts. Well worth it to get funded though.

[ebutuoy]

I think FTMO has free practice accounts for their evaluation programs. I suggest you guys practice with this account before you pay for an evaluation account.
One of the most important thing I learned from these practice accounts is Risk Management. I usually risk 0.5% per trade with a positive RR ratio. Unless you lose 20 trades in a row you won't be blowing an account.

[jameslinmd]

12 months of trading is too short. Most people don't turn the corner until 2 or 3 year.
If you do turn the corner, it shouldn't take long before you get above PDT from having a small account. By then, you won't even need a funded account. A funded account should be the last resort for anyone because many prop firms are scams.

[mattdiu]

Some info for you guys, for FTMO challenge account, it cuts you off when you lose 12% of the capital, which is understandable. In this case, which means for a funded $100, 000 account, you actually only have $12, 000 to trade with, some people who passed the challenge might blow their account if they didn’t know about this policy. Also it cost like $700 to get into the challenge but you’ll get refunded if you passed the challenge, the idea for funded challenge is only good for traders who can make profit, not for people who wants to make money without any trading knowledge.