BluFX Daily Payouts Now Available! - Forex Prop Reviews (2024)

FAQs

Which prop firm gives daily payout? ›

BluFX ran into regulatory issues, which led to liquidity provider issues, which ultimately forced them to close against their will. What makes the BluFx situation different from other prop firm failures is that BluFX had a proven track record with more than 10 years in the business and thousands of satisfied traders.

BluFX is also ideal for those who value simplicity. There's a 10% max drawdown, but that's the only trading parameter.

FTUK is a Global One-Step and Instant Funding Prop Firm. Choose the Right Program For You.

#1 – Funder Trading

Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.

BluFX does not charge initial fees or trading commissions. A trader only makes monthly payments ranging from $99 to $1,239 based on the plan selected. There are no other expenses.

How Much Is The BluFX Payout? BluFX has a profit split of 50% for all accounts which is lower than normal in the prop trading industry. The company keeps 50% of the profit you made, and you get the other 50%. Your profits can be withdrawn in 5% lots.

In conclusion, MyFundedFx is a reputable and reliable prop trading firm that offers competitive funding, advanced trading tools, and exceptional support. Its unique approach to prop trading and transparent evaluation process make it an attractive option for traders of all levels.

This entirely depends on individual risk tolerance or personality type. An aggressive trader can tolerate a higher-level drawdown, whereas a conservative investor will tolerate a lower level of drawdown. However, it is always recommended for investors and traders that drawdown should be kept below the 20% level.

What is the max daily drawdown on funded trader? ›

The max daily drawdown amount is always fixed to 5% of the initial balance unless you purchased the simulated Drawdown add-on, which grants you a 6% simulated max daily drawdown. Please note the max daily drawdown includes commissions and simulated swap fees.

Statistics on Average Trader Payouts

Profit Split: The average prop firm will offer a 80-20 profit split once you become a funded trader. TFT, on the other hand, gives up to a 90% split, — even as high as 95% in some promotions — the highest in the industry.

Proprietary trading firms often provide evaluation accounts where you prove your trading skills. Usually, you pay a one-time fee to enter this “challenge.” If you lose money during this evaluation, you won't owe anything beyond the initial fee.

FTMO just banned US citizens: USA update – January 2024: Since the establishment of our company, our goal has been to provide top-quality services for our clients. Unfortunately, at present, we are not able to do that in the United States due to specific conditions in the market segment there.

Maximum Daily Loss | 4%

The daily drawdown amount is always fixed to 4% of the initial balance. This includes commissions and swap fees. If the account at any point breaches the daily drawdown, the account is breached.

Sure, the firm may replicate successful trades of the funded traders on the firm's real account. But, again, those are trades made by the firm itself with its own capital. And in general, prop firms insist that they are not financial institutions and do not provide financial services.

The daily drawdown is calculated based on 5% of the previous day's end of day (5PM EST) balance. Static drawdown - When you open the account, your Max Drawdown is set at 5% of your starting balance. This will be static for the life of the account.