Futures Prop Firms - Honest Review (Topstep, Apex)

An Honest review on futures prop firms, and why I don't like futures prop firms topstep apex trading.
Mentioned Firms:

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[KimmelTrading]

Make sure to let me know your opinion on them check out the links in the description

[tomsabobiz]

Man I like your videos BUT: You don't like these firms, and yet you keep them as an affiliate... But I get it, whatever makes money to your channel right? But I think you can't compare them to CFD/Forex prop firms. Futures are different, and trailing drawdown actually forcing you to take smaller trades and be consistent and not be a "prop gamer". I got multiple payouts from TopStep, and I actually welcome all these trailing rules, makes you manage risk much more disciplined, and it actually locks in after a certain amount. Overall I disagree a lot with your opinions in this video. I think sooner or later you'll also be trading with these prop firms anyways. No disrespect to you though, and keep up the good work! Peace! 🖖

[tradingwithtravis]

I’m taking payouts on all 3 and I hear your frustrations but once you get past the trailing it’s not that bad. The consistency rule is not a hard and fast rule either they are really just trying to weed out the gambler’s not people who are holding their winners and risking fair amounts..

[mchakkra]

Keep in mind that topstep is also registered in the US. And since a lot of US citizens have been banned from cfd forex prop firm platforms lately, they are allowed to trade with topstep futures, without losing their accounts for being a US citizen or being denied payouts for the same reason. Which is pretty important, especially for peace of mind. Bottom line is that since the recent crackdown is affecting US citizens trading cfds, it is ok for US residents to trade futures on topstep.

[raicry_]

Kimmel, I advise you to go for lower accounts. If you have a 50K Apex account, you have a 5% DD, so even if it trails you have plenty of room. It forces you to go for lower RR like 1:2 RR and consistently taking profits! Also build in a buffer where it stops trailing and you are good to go. Takes a while, but if you want to trade without any trailing DD it's the way to go!

[fairvaluegapped]

People will find any way to complain about something no matter what. If you don't like the prop firms, USE YOUR OWN CAPITAL. Traders are way too spoiled nowadays. No one is forcing you to use any of these firms, they are providing a service for a fee. Or, you can go back to forex prop firms, but we all know how untrustworthy they are at this point. If you cannot manage your risk to survive a trailing DD, you simply are not good enough to trade for these firms. Besides, it stops trailing once you reach your initial balance + DD, making it only an inconvenience during the first few % profit on the account. It really is not that difficult. Don't complain about not being able to overleverage and pass an account in a couple days. That is not how trading is supposed to work. smh

[LegendsUniverse]

This is exactly how I felt when I was looking for a futures firm. Too many rules that are easy to breach and profit targets and loss limits are just ridiculous. I can trade nasdaq on a forex prop firm just fine.

[Kcajnoc]

Just adjust your trading;

- Lower RR
- Tight management
- Risk less
- Limit your trades per session

If you’re unable to do that then it’s tough, these firms are made for scalpers by all accounts.

[xthetrader_]

✍ I had a funded acct with Apex and lost it because of the trailing draw down. So I understand your dislikes and frustration towards these futures prop firms. (Since there is more demand for futures prop firms due to US traders moving to futures) HOPEFULLY we will see more futures prop firms appear to compete with the current 3 giants, and offer better trading conditions and rules.

[theassistant]

✍ JadeCap said it best. The drawdown rule forces you to be less greedy and take profits when provided.
That attribute could be the difference of being consistently profitable rather than being a gambler.

[rrdbvuz]

✍ Do you think the CME price data fees are a factor for these future prop firms to charge on a monthly basis? Then why not charge that amount only? BTW why trail drawdown, what is the reason?

[rrdbvuz]

✍ BTW trailing drawdown isn't the main problem. It's okay somewhat. But the main problem is monthly charge for the challenges. This model is really okay if you can finish within a month. I do think that's possible if we allocate more time for trading in the month.

[tradeyourlifestyle]

Basically it’s made for the scalper and short intraday trader

[RomarioCHVNNS]

You forgot the absolute worst parts:

1. You can't effortlessly straddle or hedge... it's either buy or sell, but not both. Can't hold an active buy and sell at the same time. Especially on tradingview.

2. Holding trades overnight will cost you your entire drawdown capacity😂

[dheerajreddy]

You’re the reason I bought TFT account… I got funded and It’s time for my 2nd payout but I still dint receive my 1st payout from a month there is no response to my emails still am account is active and I can trade but there is no point because they don’t deposit payouts… stop scamming with firms like TFT

[Kdtreyburner]

✍🏽✍🏽 my opinion on futures firms is that they do make you trade more conservative like Jadecap said. The trailing downdraw is scary but it makes you take your trades in profit, and have tighter SL. I have ran into that with some forex props as well though. I’ve only been funded with a 10k forex prop firm account but with the recent issues with American traders I have looked into futures and got one with apex. It has me more in the zone when trading but also I feel like I can relax since it is monthly and not too costly for the 25k account I’m trading on. My question for you is (even though you’ve touched on it) can learning ICT make me become profitable with trading futures contracts such as Es micro and other indicies ? Thanks ✍🏽✍🏽✍🏽

[Bullish]

Wait has Kimmel showed consistent pay outs from prop firms? I just seen certificates he’s passed but nothing that he got paid out

[KackulatedTrader]

Difference is that futures prop firms are targeted for very high win rate scalping strategies similar to stock traders. I only risk 2-3 contracts on e-minis on the 5m while waiting for candle confirmations and a closer stop-loss. I have to admit coming from forex doing 1hr entries, it is an adjustment, but understandable. It is a different type of playing field, and we must adjust.

[TheNascentLight]

Lol, these equity drawdown rules are basically TFT's Knight Challenge. No wonder TFT is dogshit right now, they not only give the worst challenges they also deny legit payouts.

[chakka]

Please read this:
Apex PA account is still demo account. The account you get after evaluation is still paper money. They might pay a few payouts from the money they collect. A few people only get paid. Please do honest review! Thanks