Transcript for:
Understanding Trading Conditions in Prof Firms

hey what is up you guys today I wanted to talk about Prof firms and more importantly Prof firm trading conditions we're going to be looking at four different categories Forex indices metals and crypto it is important to check these things because it could really impact your trading especially when you go into the higher Lots the spreads could really be the difference between you succeeding or you losing when you're funded as well it does limit your profits and it does make you a little bit more stressed that you got to be more careful if you're trading a certain instrument and you're pretty much focusing on that only it might be beneficial to look at this Pro from match has done a comprehensive Research into the training conditions for all of the top prop firms using different pairs using different sessions the Asian session London session and New York session from those tests came out that overall the 5centers was the best overall prop firm in terms of trading conditions second spot was fdmo and on the third spot was Alpha Capital group so if you're somebody who trades indices crypto Forex and everything then this is the perfect Prof firm in terms of trading conditions but if you're somebody who specializes in indices or crypto for example there might be some other options that you want to look into now with Crypt based prop firms we see that the breakout prop is number one crypto fund Trader number two and the 5% are surprisingly on the third spot but obviously if you're going to be trading crypto you should be going for a crypt based Prof firm as you can see that the jump is pretty big from 0.01 into 9 Pips into to 16 Pips into even 61 Pips not only are spreads higher but there's also a limited amount of instruments on most cftd Prof firms you usually only have Bitcoin and ethereum while with other firms that are specialized in crypto you have hundreds of cryptos to trade from and even meme coin so if you're somebody who really wants to focus on crypto there's Prof firms that are specifically designed for crypto trading this is a great example of how much Prof firms vary from different platforms from different instruments it's really important to look at the data look at what you're trading and see where you can maybe get the best trading conditions if that is what you're looking in this example we're looking at NASDAQ and we can see that different types of trading platforms can differ the results now this is looking at everything right it's looking at the total cost it's looking at the spread during Asian London New York and the average slippage now the top five are very very good already and it seems that ftmo on medat Trader 5 quite big London and Asian session while Alpha Capital group for example stays very stable during all sessions now specifically with indices it could be a little bit different because we do have Futures firms that are very good for indices now I've talked to a lot of people and some of the concerns with Futures Prof firms is the consistency rule there's usually a trailing draw down and there's a monthly fee instead of onetime fee there are firms offering instant funding now where there's a onetime fee there's also firms that offer no consistency rules but if it sounds too good to be true then it probably is because we just had a shutdown of one of the biggest instant funding firms for futures just like with cfd Pro firms look for the ones that have been established for a long time like TOP Step was founded in 2012 cfd firms are also going for futures now so you can also check those out now finally moving on to Gold we can see that the top six is very similar in terms of cost and spreads but one thing to point out was that some firms did score quite badly on this test but it's not necessarily even the firm because with funing pisss for example they scored much higher with C Trader so it could be just the platform issue and this is definitely something that you should keep in mind now guys if you do want to check out the best trading conditions for your own pair I'll put the link in the description for the full test that goes into the full details also if you haven't done it yet check out Prof firm match they're the best comparison side for Prof firms and Futures firms you can really customize what you like to trade what platforms you like to use and some trading Styles and also you get exclusive discounts that you can't get anywhere else besides profit per match also you can accumulate loyalty points which can result into free accounts if you keep using these discounts codes check it out in the description below and I'll see you guys in the next video