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FTMO Trader Scouting
  1. jack

    [Forex] - Trader Scouting and Prop Firms Overview and Comparison

    Also, I think this logic might seem intuitive upfront, but when you consider that the failure rate in the industry is near 95% over a 3-5 year period, the math doesn't work out. If an institutional firm is working a structural edge (that is, not just a strategy but a market function where they...
  2. jack

    [Forex] - Trader Scouting and Prop Firms Overview and Comparison

    Can you PM me specifics and a history of your company?
  3. jack

    [Forex] - Trader Scouting and Prop Firms Overview and Comparison

    I had to remove your other posts as they aren't contributing to the point of this thread (which is a comparison of trader scouting programs and info on the prop industry in general.) In the first post of this thread, the differences between a traditional prop (what you are describing) and what...
  4. jack

    [Forex] - Trader Scouting and Prop Firms Overview and Comparison

    It's hard to go on reviews alone given the nature of trading and how people will externalize blame for their own mistakes. I can say I know people who've been paid out by them.. so as long as the rules are being followed, they do pay out.. Not much more you can ask from a scouting firm aside...
  5. jack

    xglobal?

    I cannot recommend xglobal I would, however, point out Pepperstone, as they are regulated by multiple jurisdictions in Europe (UK, Germany, etc..) and have excellent execution quality.
  6. jack

    [Forex] - Trader Scouting and Prop Firms Overview and Comparison

    Edited with updated The 5%ers info in the table (they expanded their program,) which also changes my overall opinion at the end of the post. Always pick the best tool for the job, and it seems The 5%ers fits in nicely for experienced traders.
  7. jack

    Which broker?

    Yes, see quote below (or above.)
  8. jack

    [Forex] - Trader Scouting and Prop Firms Overview and Comparison

    Well, I never said The 5%ers weren't worth it... their offering is just presented differently than other firms so I was contrasting it a bit better to what else is on the market. Regarding TopStepFX, I'm considering this one on an upside/downside sorta basis. Given they let you earn your first...
  9. jack

    New member intro, great to be here!

    Hello and welcome! :) If you haven't already seen this page, check out: https://fxgears.com/index.php?threads/recommended-books-for-algo-trading-in-2020.1243/ Systematic Trading in the above link is a good place to start. Cheers!
  10. jack

    New Member Introduction

    Depending on which country you're from, I'd point out better broker options: If you live outside of the US, consider Pepperstone; https://pepperstone.com They have excellent execution quality (fast fills, minimal slippage,) and great customer service. Global presence too, with offices in...
  11. jack

    [Forex] - Trader Scouting and Prop Firms Overview and Comparison

    Yes, it's actually extremely common for a prop firm to interface with their execution partners as one giant pooled account instead of manage separate cooperate accounts for each trader. This allows them to internally control risk and set risk rules that might not be an option with their...
  12. jack

    [Forex] - Trader Scouting and Prop Firms Overview and Comparison

    Oh, I misread. I thought you were asking specifically about scouting firms. Above I broke out three common types of prop firms, and in the scouting program category it is most common for everyone to be remote / virtual. Traditional prop firms absolutely have physical offices to trade from...
  13. jack

    Long-term and Short-term Setups

    I think he means follow this thread. Since promoting a commercial service would be against the rules here.
  14. jack

    [Forex] - Trader Scouting and Prop Firms Overview and Comparison

    They are all virtual / remote.
  15. jack

    [Forex] - Trader Scouting and Prop Firms Overview and Comparison

    Different business model. WCC and Darwinex usually need the trader to fund their own account and show performance first before attracting outside capital.. they act as middlemen and take a cut of the funds being allocated or returns from the allocation. In contrast, trader scouting programs...
  16. jack

    [Forex] - Trader Scouting and Prop Firms Overview and Comparison

    Scouting programs have grown in popularity in recent years and many are holding themselves out as full fledged prop firms. Let's dig into what they are, where they fit in this industry, and their advantages and disadvantages. A trader scouting program is one that evaluates potential traders...
  17. jack

    Brokers for Canadians

    I've updated this to include Pacific Union Prime, who was vetted by VantageFX to service their Canadian clients when VantageFX left Canada recently.
  18. jack

    Trying to locate prop firm that purchased my automated trading system

    Sounds like you're legal recourse is with your former partner, not any random firm who bought from him.
  19. jack

    Recommended Books for Algo Trading in 2020

    I have only read excerpts from it, which were interesting, and a few of my trader contacts have read it and enjoyed the book.
  20. jack

    Python Development Environment / Jack's Technology Stack

    Everything I've written can (and is) also running on Linux. The stack is Python + Qt5 + ZeroMQ .. etc.. all libraries are cross platform. The only dependence on Windows comes from apps that various brokers put out. That said, Interactive Broker's TWS platform (or API Gateway,) runs on Linux...
FTMO Trader Scouting
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