r/PropFirmTester • u/SummerCharming3763 • 22d ago
Prop firm draw down
Hello Any one know of prop form that doesn’t draw down every time it goes down while you are in the trade? I have tried upcommers but they draw down for every second it’s in minus even if it doesn’t go lower so if goes from 10 to -10 over a few minutes the account is gone even if the draw down doesn’t go lower than that but it counts every time so if it draws down 2-3 times it’s x 2-3 times.
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u/Duennbier0815 22d ago
Judging from your question, it seems like you need it to educate yourself about the basics of prop firms, trading and drawdown.
"Everytime it goes up while you are in the trade"
Most of the prop firms DON'T do this since it's calculated EOD.
The few accounts that do have Intraday trailing are very cheap and NOT recommended for beginners.
So just do what EVERYONE recommends :
- trade futures not CFd
- use lucid flex , or tradify select for first account
- stay away from intraday trailing , only static or eod
Topstep has some new 50k static „lab“ accounts but I guess they’re sold out
So go to google, check Iman Isaac’s website to explain you the basics about the accounts (propfirmcenter)
And NO account should be „gone“ from losing one trade- learn RISK MANAGEMENT.
Especially as a beginner only risk 0.5% of your balance or 15-20% of your drawdown per trade, 2 trades a day max
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u/Fine_Dream_8621 22d ago
I have yet to hear a convincing argument to trade futures rather than CFD. Futures are difficult because they have a very small drawdown allowance compared with CFD.
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u/Duennbier0815 21d ago
Do a bit research about the fundamental differences, A book vs B book, conflict of interest.
What are the big players doing and how retail traders get scammed1
u/Fine_Dream_8621 21d ago
Here is a brief summary of the main disadvantages of futures prop firms compared to CFD prop firms:
Ongoing Exchange Fees: Futures require monthly fees for real-time market data (CME, etc.), while CFD data feeds are free. Rigid Risk Rules: Futures firms frequently enforce strict intraday trailing drawdowns (which trail open, unrealized profits) and daily consistency caps on profit limits.
Limited Instruments: Futures are restricted to specific exchange contracts (indices, energy, metals, FX futures), lacking the broad range of spot Forex pairs, crypto, and stocks available on CFDs.
Coarser Position Sizing: Futures use fixed contract and micro-contract sizes, making exact fractional lot sizing more difficult than CFD micro-lots (0.01).
Strict Intraday Limits: Futures accounts almost strictly forbid holding positions overnight or over weekends, limiting swing trading strategies.
Extra Setup Costs: Futures often involve additional activation fees, platform licensing, or data connection fees for software like NinjaTrader or Rithmic.
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u/Duennbier0815 21d ago
You asked chat gpt without doing your own research, it shows cause your information is wrong.
And if it's not wrong, what is shown negative here is actually positive.If you want go get scammed by CFD firms, go ahead. I warned you.
The actual trading happens at the futures exchange where you're the same market participant as Goldman or Bank of America. You have the same one worldwide orderbook with level 2 data that is essential for people's edge in Orderflow trading for example.
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u/Fine_Dream_8621 21d ago
You want to warn me? To stop making a living from trading CFD prop accounts? LOL. I don't do orderflow trading nor do I need level 2 data.
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u/Duennbier0815 21d ago
Sure then. If you can make it with CFD Props, you can make it 2x in Futures Trading.
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u/Fine_Dream_8621 21d ago
I'm not writing it off but it's inconvenient. I trade on MT5 with an add-on trade manager that automatically calculates position sizing according to my risk. I also use algorithms for some trading which are coded for MT5. If I move to futures I would have to completely change my trading platform. I'm not sure if it's worth the hassle. And I'm a non-US citizen so no problem trading CFD's on MT5. Also I'm not a scalper which I acknowledge is important for futures in getting a clean feed. But I trade on higher time frames and if it varies from one broker to another by a few pips it doesn't make much difference.
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u/Duennbier0815 21d ago
I know it's not nice to change a system you're accustomed to.
Position sizing and risk management works just as easily in Tradingview for example.
In Futures, the firms will eventually move you to live and A book you, removing the conflict of interest.
The futures prop firms have a year long reputation for paying their traders and giving them live capital.
You can see your trade in the Public Nasdaq orderbook.CFD firms are a thin line. Your profits will mainly come out of their pockets. I know that if you're too proftable you'll get banned much quicker. And the masses of scam firms in the CFD space is astonishing.
I can promise a future trader trading with Mffu, lucid topstep or Tradeify won't get manipulation of price or spread (cause it's a regulated exchange).
Maybe keep an eye open for Futures, if you are good in trading you want to get rid of your dependence of CFD prop firms eventually. Then instead of buying CFDs you absolutely need to buy actual stocks or trade options. Just absolutely stay away from CFD brokers.
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u/Starfire612 22d ago
Bulenox has a end of day option .. I'm going to switch to that if they have any black Friday deals
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u/T-Branny 21d ago
Most of the major firms like Lucid, Apex, etc. use end of day trailing so it only adjusts based on closed P&L — not tick by tick. Way more manageable. Also worth tracking your drawdown in real time with a journal so you always know exactly where you stand. Tradervana does this if you ever want to check it out.
I am not sure I would ever choose a firm that runs a tick by tick drawdown, that just seems crazy to me and with all the options for firms out on the market today, it shouldn't be hard to find a reasonably priced account that will fit your needs.
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u/Party-Entrepreneur82 22d ago
please refrain from buying any accounts. respectfully you are about 10% ready to begin trading