What’s wrong with you, Franziska? In thread after thread after thread, you keep attacking other members, and invariably on the basis of totally mistaken “facts”.
You have this whole issue completely wrong, as others try patiently to expain to you until you insult them (as in other threads).
That depends on the broker, not the platform. Why is this so hard to understand?
Hi @Sufshiken nice to see you back here again on BP
Thank you for that addition. It helps explain a lot.
I must admit that the more I read and hear about prop firms in their various formats, the more I am happy just trading my own account in my own way, with my own rules and quirks!
I really like the principle of prop firms that, in theory, they offer great opportunities to traders who are a) talented, and b) lacking own capital.
Many firms have a big number of positive reviews, but when one also reads the negative reviews on virtually any firm, they do make you wonder whether, in reality, it really does work as they describe!
Some people will be quick to answer that all the good reviews are fakes and only the bad reviews are real! But I suspect the reality lies somewhere between the two extremes.
But, in the end, the only way to tell is to take a challenge and find out. Afterall, it is not a huge amount of money upfront and no need to risk one’s own capital beyond the fee itself.
I don’t know much about that but I have the impression that futures prop firm products are significantly more expensive than the CFD props? And that the min position sizes when trading futures-based accounts is much larger than the CFD accts?
I should take a closer look into those, I haven’t taken more than a cursory glance at them so far, but they are a viable alternative whenever they are within the financial reach of the trader.
It’s partly because one way or another they have to give you a CME data-feed (via “Rithmic” or whatever) which actually costs them something.
So it’s not the same kind of business as a forex broker giving you a permanent demo account, because that data feed is only a feed of their own prices, which doesn’t cost them anything.
That said, you can get some big discounts, up to 80% or even 90% on occasions. The trick to that is just to get on their mailing lists and await special offers.
For people who like forex, there’s M6E (“micro EUR/USD”) which is only $1.25 per tick.
For people who like indices, there are also MYM (“micro-Dow”) and MNQ (“micro-Nasdaq”) at $0.50 per tick, but those can be really wild, especially MNQ, and in general MES (“micro-S&P”) is way easier, although it’s $1.25 per tick and can be volatile enough for most of us, at times!
I look at ‘NSDQ’ of a CFD broker (free demo account, no money) and I compare it with ‘MNQ’ of a futures broker (free trial account, no money) and both are scary!
You have to find a broker that gives non-expiring demo accounts (Oanda does) and if you do that, MT4 and every other platform they have will give you a time-unlimited demo.
Sorry to argue, Franziska, but in many threads here you keep giving wrong information, and even after multiple people correct you, you keep saying the same things and sometimes pretty rudely! Honestly it’s a bit weird.
Thanks, Fenella. The reality that it’s broker-dependent rather than platform-dependent seems to be impossible for some folk to understand, but I really don’t know why!
That’s good judgment, and a good reaction.
It’s also a good thing to do, at a very early stage, to compare CFDs and futures.
My suggestion for you is to compare EUR/USD with 6E/M6E. I think you’ll find it both helpful and interesting!