A few weeks ago, the remote prop trading company Fast Track Trading launched a competitor that focuses exclusively on so-called STF accounts (Straight to Funded or Direct Funded Accounts). This means that customers no longer have to go through an evaluation process to qualify for a performance account, but can start straight away with a sim funded account.
The idea is actually an old one and was already practiced briefly by Leeloo two years ago. TickTickTrader adopted this suggestion and has had this type of performance account in its permanent program for a long time with TTTDirectAccounts .
Of course, these accounts are priced higher. Ultimately, the challenge fee usually included in the calculation should not be lost.
To put it quite simply:
Eine Evaluierung bei einem der Wettbewerber kostet für einen 50k Account um die 160 $ ohne Rabatt. Die PA Fee liegt auch um die 140 $, also sind wir bei 300 $. Geht man davon aus, dass die Mehrzahl mehr als einen Monat braucht, also Reset und Verlängerung bezahlt, sind wir schon bei mindestens 450 $, die der Kunde ohne Rabatt auf den Tisch legt. Kann man also auch einen Straight to funded Account für 449 $ oder 549 $ auflegen. Der Kunde spart die Evaluierung und die Firma hat das Geld trotzdem im Sack, That's it...
So far so good. But now providers are also playing with the psychology of their customers, the majority of whom probably want to take the path of least resistance. No qualification, just straight to the money.
As a result, many people will end up there who don't really belong there. Instead of training diligently in the Challenge, they go straight onto the pitch and want to score goals. For many, however, this will probably end in premature substitution.
Regardless of this, the demand is apparently enormous, because in addition to Fast Track Trading, two other new competitors have also added such an account to their program. Flexytrade and Tradeify.
Fast Track Trading to Tradeify
Scott Trieste's company has got off to a rocket start. Fast Track Trading relies exclusively on STF accounts. Flexytrade also launched this year. They have now also submitted an offer for a 250k direct account.
New to the group in recent weeks is Tradeify. Just like Flexytrade, they offer classic evaluations. In addition, however, they also offer several account sizes for an instant SIM funded account.
The following is a brief overview:
FlexyTrade
- Account: 250K
- max. position: 25 Minis (250 Micros)
- Trailing DD: 12,500
- Consistency Rule: 20 %
- Data feed: Rithmic
- Price: from $ 699 , with discount of 30 % currently $ 489.30
TickTickTrader
- Accounts from 10K to 50K
- max. position: 5 micros (10K) to 10 minis (50K)
- Daily loss from $350 to $1,250
- TickDrawdown EoD: $ 1,000 to $ 2,500
- Data feed: Rithmic
- Price: from $229 to $699
- 50K Direct Account with $100 discount (PROP100D)
Tradeify
- Accounts from 50K to 150K
- max. positions: 5 minis (50 micros) to 15 minis (150 micros)
- Daily Loss Limit (Soft Breach): $ 1,250 to $ 3,750
- Trailing DD EoD: $2,500 to $7,500
- Data feed: CQG/Tradovate/Ninjatrader
- Price: from $549 to $699; currently 40% off with code Q4
Fast Track Trading
- Accounts from $25,000 to $300,000
- max. positions: 2 minis (20 micros) to 30 minis (300 micros)
- no daily loss
- Trailing DD EoD 5% of the account in each case, i.e. from $1,250 (25k) to $15,000 (300k)
- Data feed: Rithmic
- Price: from $179 to $799, currently with 45% + 10% discount for Rally, Daytona, GT and 15% for LeMans
Rithmic or Tradovate?
Bei der Auswahl der Firmen spielt für viele Trader auch zunehmend der jeweilige Datenanbieter eine Rolle. Beide, also Rithmic und Tradovate haben ihre Macken. Allerdings kommt es bei Rithmic häufiger vor, dass die Server Scheibe spielen...
So if you want to be more flexible with Ninjatrader and Tradovate, you should check out tradeify should take a look.
Alternatively, if you are traveling with ATAS etc., Rithmic at Flexytrade or Fast Track Trading is an option.
Scott Trieste's team is also currently running a promotion with 45 % on Rally, Daytona and GT. There is an additional 10% coupon.
This means that you are already paying $269 for a 150k account. The data for level 2 included in the price is not to be sneezed at.
According to Trieste, an alternative connection to the Ninjatrader universe, including Tradovate etc., is also in the works at Fast Track Trading.
Conclusion:
Die Industrie gibt, was der Kunde will. Der Kunde will keinen Schmerz (Evaluation), er will gleich den Todeskuss... Nein, natürlich nicht. Die erfahrenen und profitablen Händler/-innen haben mit den Direct Funded SIM Accounts eigentlich nur einen Vorteil: Sie bezahlen die Zeit, die sie sonst mit der Evaluation verschwenden würden. Nunmehr gibt es also bereits vier Anbieter im Futures Remote Propfirmen Universum , die der Nachfrage gerecht werden. Ob es für die Trader in der Breite erfolgreich sein wird, wird die Zukunft zeigen.
