How to Choose the Right Funded Futures Account with FundedFilter

Navigating the world of funded futures trading can be daunting, especially with the myriad of options available. Each prop firm offers unique features, account types, and trading conditions that can significantly impact your trading experience.

This guide simplifies the decision-making process in conjunction with FundedFilter. This is a powerful comparison tool I developed to help traders find the right funded futures account tailored to their specific needs and goals.

By the end of this guide, you’ll understand how to effectively compare different accounts and also how to leverage FundedFilter to locate the best deals available.

Understanding FundedFilter’s Unique Rating System

Before diving into the specifics of account comparison, it’s essential to familiarize yourself with FundedFilter’s unique rating system. The platform evaluates accounts based on four key categories: Evaluation, Funded Account, Cost, and Payout.

• Evaluation: This rating reflects the conditions and requirements of the evaluation phase. A higher rating means a more straightforward and less-restricted evaluation environment.
• Funded Account: This assesses the features and benefits of the funded account itself. A higher rating represents more freedom for the trader, and
• Cost: This includes all fees associated with the account, and compares each account to the competition in the same tier.
• Payout: This rating indicates the ease of the payout system and the quality in terms of profits and bonuses available to traders.

Using these ratings as a starting point, but keep in mind that each account may have different advantages. If you are experienced and confident in getting to the funded phase, the evaluation score may be less important than the funded account rules or the payout system.

Step 1: Define Your Trading Style Requirements

Every trader has a unique style, and there are nearly endless ways to make money from day trading. Depending on your style, you may incorporate News Trading, Swing Trading, Copy Trading, Dollar-Cost Averaging (DCA), Automated Trading, and more. But because not all companies allow each of these to be used in your strategy, FundedFilter allows you to filter accounts accordingly.

For instance, if you’re a swing trader, you can easily compare the accounts that permit swing trading strategies. If you need to be able to hold positions during a news release, filter out the accounts that don’t allow it.

This kind of targeted filtering helps you avoid accounts with restrictions that could hinder your trading performance.

Step 2: Compare Account Costs Effectively

Understanding the costs associated with each account is crucial, especially if you are new to prop firms. There’s no sense in overpaying for an account when the same type of account is available elsewhere for less.

FundedFilter provides various methods to sort and filter accounts by cost, allowing you to see beyond the initial fees.

The costs displayed on each account in the results considers factors such as:

• Monthly subscription fees
• One-time activation fees
• Data fees (and whether they are optional)
• Waiving Subscription fees

By comparing similar account types across different firms, you can identify the best value for your investment. For example, you might find that one firm offers a lower activation fee but has higher ongoing costs, while another has a higher upfront cost but a better quality funded account.

Direct accounts cost more, but enable traders to skip the evaluation phase entirely, which may be a more appealing option for some.

Step 3: Evaluate Drawdown and Risk Parameters

Risk management is a vital aspect of trading. FundedFilter enables you to use drawdown type filters to find accounts that align with your risk tolerance.

When comparing accounts, consider:

• Maximum Drawdowns: How much are you willing to risk? What kind of drawdown model works best for you?
• Daily Loss Limits: Would you benefit from having a maximum loss limit on a single trading day?
• Account sizes: Ensure the account size matches your trading strategy and contract limits.

Finding the right balance between opportunity and protection is key to successful trading.

Step 4: Assess Profit Withdrawal Systems

Understanding how and when you can withdraw profits is essential. FundedFilter allows you to compare profit splits, bonus structures, and withdrawal thresholds across different accounts.

Evaluate:

• Profit split percentages
• Initial Profit Bonuses
• Consistency requirements for withdrawals
• Withdrawal thresholds

Using the profit-related filters, you can find accounts that offer favorable withdrawal conditions, ensuring you can access your earnings when needed.

Step 5: Consider Long-Term Scaling Potential

If you plan to scale your trading and reach a higher level than most ever do, it’s important to find accounts that are compatible with those goals. For example, you may consider firms that allow copy trading and have higher maximum account limits.

Additionally, consider:

• Live transition options: Can you easily transition from the funded to a live account?
• Payout systems: Is it relatively straightforward to withdraw from multiple accounts at the same time?

Finding the Right Account for Different Trader Types

The New Trader

For those just starting, it’s crucial to balance cost with learning opportunities. Use FundedFilter to find accounts with lower fees and educational resources. There are some accounts that are specifically more for beginners, such as Purdia Capital’s Beginner 10k/25k accounts.

The Experienced Trader

Experienced traders often seek maximum flexibility. Filter for accounts that come with less restrictions on trading news, scaling up, or a more flexible drawdown.

The Scaling Trader

If your primary focus is accumulating accounts and scaling your business faster, you will want to look for firms offering multiple accounts and copy trading. You may be able to pass multiple evaluations in the same period of time this way, and begin expanding your business more quickly.

Keep in mind that separate evaluations will have their own subscriptions, as well as funded account fees (if applicable).

Advanced Filtering Techniques

To refine your search further, consider combining multiple filters for precise results. Use the sort function alongside filters to rank options based on your priorities.

The color-coding system within FundedFilter provides a quick visual assessment, making it easier to identify the best choices at a glance.

Making Your Final Decision

After creating a shortlist based on your filtered results, take the time to ask yourself key questions before committing to an evaluation. Consider additional research beyond FundedFilter’s data points to ensure you’re making the best choice for your trading journey.

Conclusion

Choosing the right funded futures account may feel overwhelming at first. I know it too well, having 10-15 tabs open as I compared the different offerings at multiple firms.

But it doesn’t have to be so difficult anymore. I am sure that FundedFilter will help you easily figure out which firms are most suited for you, and you are free to reach out on Discord for more advice if you need it.

Expect more features to be added over time, and please share feedback if you have any. Good luck!