Prop firm TIER LIST | from 7 figure funded trader

Summary

In this video, the speaker shares a detailed tier list of prop firms, assessing their trustworthiness, payout reliability, and overall conditions based on personal experiences. Positive firms like FTMO and 5Centres are highlighted for their consistency, while others like Funded Engineer and My Forex Funds are criticized for going under or providing unclear conditions. The speaker stresses the importance of clear terms, good payouts, and the longevity of a prop firm when selecting a funding partner. The video serves as a guide for traders to make informed decisions about prop firms in 2025.

Takeaways

• 😀 FTMO and 5centers are the most reliable prop firms, praised for consistent payouts and good conditions.
• 🤔 Some prop firms, like ACG and Funded Engineer, are considered risky due to past failures or unclear conditions.
• 💰 The trader lost significant capital (up to $1 million) from firms like My Forex Funds and Day Funded going under.
• ⚠️ Clear communication about drawdowns and payout terms is essential for trust in a prop firm.
• 💼 Discounts offered by prop firms (like ACG) don’t necessarily reflect a good reputation—cheaper doesn’t always mean better.
• 🔍 Firms like Funding Pips and 5centers have been around for a long time and are considered more stable, despite some initial doubts.
• 🚫 Firms with unclear terms or hidden conditions, like Aify, can lead to negative experiences and mistrust from traders.
• 📉 ACG is criticized for rejecting payouts for unjust reasons, reducing trust among traders who rely on timely payments.
• 💡 The prop firm landscape is constantly changing, and traders need to stay updated based on new experiences and market shifts.
• 🔒 Transparency and long-term stability are key factors in evaluating the reliability of prop firms in the competitive market.

Q & A

Why does the speaker consider some prop firms as 'awful'?

The speaker categorizes some prop firms as 'awful' due to experiences like losing significant capital when those firms went under, unclear account conditions, and unsatisfactory customer support. Examples include Funded Engineer, Aify, and My Forex Funds.

What is the speaker's view on the importance of pricing in choosing a prop firm?

The speaker acknowledges that pricing is important but does not view it as the most crucial factor. They argue that just because a prop firm offers cheap prices does not mean it is a good firm, as reliability and transparency are more important in the long term.

What role do influencers play in the speaker's opinion of prop firms?

Influencers impact the speaker’s perception by promoting certain prop firms, but the speaker is cautious about basing trust on influencer endorsements. They prefer to rely on their own experience and feedback from real users instead of influencer reviews.

How does the speaker feel about the conditions of Aify's accounts?

The speaker feels that Aify's account conditions are unclear and misleading. Specifically, they were dissatisfied with how the drawdown was presented, which led to a misunderstanding and eventual account loss.

Why does the speaker place FTMO and Five Centers in a positive light?

FTMO and Five Centers are praised by the speaker because of their consistency, longevity, and relatively good conditions. FTMO, in particular, is considered one of the top firms for offering reliable payouts and solid support.

What happened to the speaker’s account with Funded Engineer?

The speaker lost a substantial amount of capital (around $200k-$300k) when Funded Engineer went under. They emphasize that losing funds from firms like Funded Engineer is a significant reason why they caution others about such firms.

What is the speaker’s stance on ACG (Apex Capital Group) despite not having used them yet?

The speaker is cautious but not entirely dismissive of ACG. They mention that although ACG offers good conditions and discounts, they have not personally traded with the firm, so they remain unsure about placing them in a higher tier.

What specific event led the speaker to label Aify as potentially 'awful'?

The speaker's negative experience with Aify was due to the firm’s unclear drawdown policy. After securing a payout, they discovered that the drawdown conditions had been altered, leading to the loss of their account, which left them frustrated and feeling misled.

What does the speaker mention about Funding Pips in terms of trustworthiness?

The speaker initially had reservations about Funding Pips due to their past involvement in bot-passing systems but notes that the firm has since moved away from that practice. The speaker now considers them as a reliable firm with good customer support, although they have not yet been funded through them.

Why is the speaker particularly critical of 'cheap' prop firms like Quant?

The speaker is critical of cheap firms like Quant because they believe low pricing may signal issues with the firm’s sustainability. Although the firm offers good conditions, the speaker is wary due to its low cost and past problems with firms in a similar price range.