Funded Futures Network vs Prop Shop Trader_ Which Firm is Easier
Choosing the right proprietary trading firm is crucial for aspiring traders looking to fund their futures trading ambitions without risking their own capital. Two popular names in the industry are Funded Futures Network and Prop Shop Trader, each offering unique paths and requirements for traders seeking funded accounts. This article compares both firms with a focus on which one is easier to join and progress with, based on their evaluation processes, trading rules, fee structures, and overall trader experience.
Evaluation Process Comparison
The evaluation phase is the gateway to becoming a funded trader at any prop firm. For Funded Futures Network, the evaluation typically involves a two-step process. First, candidates demonstrate their trading skill and discipline by hitting a profit target while adhering to risk management rules such as maximum drawdown limits and daily loss restrictions. Once passed, traders graduate to a funded account, scaling up their capital allocation.
Prop Shop Trader also employs a challenge phase before offering funded accounts. Traders must meet specific profit targets within defined trading days while respecting risk limits similar to Funded Futures Network. However, Prop Shop Trader’s targets tend to be higher, and the window to complete evaluation can be shorter, adding pressure to traders to perform quickly.
In terms of ease, Funded Futures Network’s evaluation tends to be more straightforward and slightly more forgiving, with lower profit targets and flexible time frames in some plans. This makes it more accessible for less aggressive traders or those needing more time to prove consistency.
Trading Rules and Risk Management
Both firms emphasize strong risk management to protect their capital and encourage responsible trading. Funded Futures Network sets clear daily loss limits and maximum drawdown thresholds that traders must abide by. Their rules are transparent and easy to understand, which benefits traders who prefer a clearly defined trading environment without hidden constraints.
Prop Shop Trader’s risk rules are similarly structured but often include more complex layers such as time-based limits and restrictions on overnight holdings depending on the specific trading challenge chosen. For some traders, these additional constraints might make it more challenging to trade freely, especially for those who prefer longer holding periods or less rigid time constraints.
Therefore, Funded Futures Network’s simpler and more lenient trading rules can be viewed as easier to comply with, reducing the stress and complexity for new or part-time traders.
Fee Structures and Affordability
Cost is an important factor when evaluating prop firms. Funded Futures Network typically charges a one-time evaluation fee that grants access to their challenge accounts. The pricing is competitive with an emphasis on affordability, making it suitable for entry-level traders or those hesitant to invest heavily upfront. Additionally, Funded Futures Network sometimes offers different account sizes, so traders can select a plan that fits their budget.
On the other hand, Prop Shop Trader’s fees can be higher, with some challenge accounts costing more. Additionally, the cost structure might vary depending on the payout splits and account scaling services offered after funding. Traders with limited capital might find these higher fees a deterrent or an obstacle to repeated attempts if they don’t pass the evaluation on the first try.
Consequently, when considering ease in terms of affordability and financial risk, Funded Futures Network provides a friendlier environment for traders to start their funded trading journey.
Payouts and Profit Split Considerations
Securing funding is only the start; traders aim to keep as much of their profits as possible. Funded Futures Network delivers competitive profit splits that reward consistent performance. Their profit-sharing models are straightforward, usually starting around 80% of profits going to the trader, which is favorable compared to industry standards.
Prop Shop Trader also offers generous profit splits that scale with account size and tenure, but the more complex fee deductions related to account scaling and monthly fees may slightly reduce net earnings for some traders. This complexity can create difficulties in calculating actual take-home profits, especially for newcomers.
Overall, Funded Futures Network stands out as easier for traders to understand their real payout potential, making it a preferable option for those focusing on maximizing their earnings.
Support and Community Environment
An often overlooked aspect when choosing a prop firm is the support system and community interaction available to traders. Funded Futures Network prides itself on a responsive support team and an active community of traders who share tips, strategies, and encouragement. This environment nurtures learning and growth, which can be crucial for traders navigating the challenges of evaluation and live funding.
Prop Shop Trader maintains support channels and educational resources but is considered by some users to be less engaged or slower in direct communication. For traders who benefit from active mentorship or camaraderie, this difference can influence which firm is easier to thrive within.
Therefore, Funded Futures Network’s commitment to community and trader support can translate into an easier, more supportive experience for those new to funded futures trading.
Account Scaling and Long-Term Growth Opportunities
Once funded, traders look for opportunities to scale their accounts and increase their capital allocation. Funded Futures Network offers clear and attainable scaling plans that reward consistent trading performance with incremental increases in buying power and profit potential. This structured growth path is easy to follow and motivates traders to develop discipline and skill over time.
Prop Shop Trader also incorporates scaling but sometimes ties it to stringent requirements and higher mini-targets, making it feel less accessible especially for less aggressive traders. The complexity in their scaling systems can add layers of difficulty for traders aiming for steady account growth.
For traders valuing a smooth and clearly charted scaling route, Funded Futures Network offers an easier framework that encourages long-term development.
Technology and Platform Flexibility
Trading platforms and technology can impact ease of use and trading efficiency. Funded Futures Network supports popular futures trading platforms and brokers, ensuring traders have familiar tools and reliable executions during both evaluation and funded trading. The setup process is typically straightforward, and compatibility options give traders flexibility.
Prop Shop Trader also supports major platforms but sometimes limits trading to specific brokers or setups, which can be a hurdle for traders preferring customized environments or specialized software. These restrictions might increase the learning curve and reduce trading comfort.
Hence, Funded Futures Network’s flexible platform offerings contribute to a smoother, easier start and continuation of funded futures trading.
Which Firm Suits Different Trader Types Best?
Ease is subjective, influenced by individual trading styles and personalities. Funded Futures Network tends to be easier for those who prefer a relaxed pace, straightforward rules, and lower initial targets. It works well for traders who want more time to build confidence and prefer clarity in terms of costs and profit sharing.
In contrast, Prop Shop Trader might be better suited for highly aggressive traders who thrive under pressure, seek rapid results, and are comfortable with more complex rules and higher risk tolerance demands. Although it may be harder to pass initially, this firm can appeal to experienced day traders aiming for faster capital scaling.
Understanding your trading goals, psychological preferences, and financial situation will help determine which firm is easier for your personal journey.
Additional Tips for Passing Firm Evaluations
Regardless of the firm you choose, certain best practices can improve your chances of success. Focus heavily on risk management by respecting drawdown and daily loss limits as these are common failure points. Developing a consistent trading routine with tested strategies will help you stay disciplined throughout the evaluation phase.
Additionally, maintain trading journals and review your performance regularly to spot mistakes and optimize entry and exit points. Using demo accounts to practice before committing financially also eases the transition into live evaluations.
Lastly, leveraging community resources and support from firms like Funded Futures Network can provide invaluable insights and motivation, making your funded futures journey more approachable and rewarding.