Choosing an alternative to SABIOTRADE makes sense because it has some significant downsides. Firstly, they don't have a mobile trading app, which is a big inconvenience for people who prefer trading on their phones. Many other platforms offer this feature, making trading easier and more accessible.
Secondly, SABIOTRADE doesn't allow trading in high-risk investments or cryptocurrencies, limiting the choices for investors who want to explore different opportunities.
Lastly, they charge a non-refundable assessment fee, which means you have to pay even before you start trading. This can be discouraging for people looking for a more affordable option. Choosing a different platform ensures a more convenient, diverse, and cost-effective trading experience, addressing these issues.
When it comes to finding your ideal prop firm there are many aspects to consider. What may be the ideal platform for one trader may not be as highly compatible for another. Everyone trades with different approaches and strategies and needs vary accordingly. Here are some starting factors to weigh when you are comparing two or more prop firms:
In sum, when looking for the best proprietary trading firm bear in mind the hours you may be spending using this platform, make sure you are comfortable, and your trading needs are met!
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.
Lack of real funds aside, there is much to love about the Funded Trader. If you enjoy a gamified approach to trading, then you will find plenty to appreciate on this platform. In summary, traders can leverage the highly realistic simulations of the Funded Trader Challenges to prepare themselves for a live market scenario and the risk of their own real funds. There is also a Kingdom of interactive and entertaining tools and features that will see you building up your traders’ portfolio of skills and strategies without feeling like classroom learning!