In the world of proprietary trading, the number of options can feel overwhelming. With so many firms promising lucrative opportunities, how do you separate the best from the rest? At My Prop Picks (My PP), we’ve developed a comprehensive and reliable rating system to help traders make informed decisions.
My PP rating methodology evaluates trading firms on Programs Offered, Profit Split & Pricing, User Experience, and Support & Education, offering a clear, unbiased view of what each firm brings to the table. Whether you’re a seasoned trader seeking a high-profit split or a beginner looking for affordable evaluations and quality support, our My PP Ratings serve as your trusted guide to navigating the proprietary trading landscape.
By focusing on transparency, fairness, and a data-driven approach, My PP Ratings ensures that traders are equipped with the knowledge they need to succeed in this competitive industry.
When evaluating the programs offered by proprietary trading firms, we assess the flexibility, accessibility, and diversity of their trading options. Here’s a breakdown of our evaluation process:
1. Evaluation Models
We examine the types of challenges firms offer, including:
2. Account Sizes
We assess the range of account sizes provided, focusing on whether the firm caters to both small-scale traders and those seeking higher capital funding. For instance:
3. Scaling Plans
A firm’s ability to help traders grow their capital over time through scaling opportunities is a critical factor. We look for:
4. Variety of Tradable Assets
Firms that offer diverse trading instruments score higher. Examples include:
Firms that offer well-rounded programs with multiple evaluation options, scalable accounts, and diverse tradable assets typically score higher in this category. A firm with limited programs or rigid entry criteria may score lower.
This criterion evaluates how much value a proprietary trading firm provides to traders in terms of earnings and affordability.
1. Profit Splits
We analyze how much of the profits traders get to retain. Higher profit splits indicate better earning potential for traders. Key points include:
2. Pricing Structure
Evaluation fees are scrutinized to ensure they are reasonable and provide good value for money. We consider:
3. Payout Frequency and Flexibility
Transparent and flexible payout policies are critical for traders’ success. Firms offering:
4. Transparency
Firms that clearly outline profit-sharing agreements, fee structures, and refund policies stand out. Ambiguity in terms leads to lower ratings.
A firm offering high profit splits (90%-100%), affordable evaluation fees, and flexible payout policies will likely achieve a high score. Conversely, high fees, poor profit splits, or lack of transparency result in deductions.
A trader’s experience while interacting with the firm’s platform and services greatly impacts their overall satisfaction. We evaluate:
1. Trading Platforms
The quality and availability of trading platforms are essential. We assess:
2. Ease of Use
Platforms and dashboards must be intuitive and beginner-friendly. We evaluate:
3. Execution & Performance
Fast and reliable trade execution is vital. We check:
4. Customer Feedback
We gather insights from user reviews on platforms like Trustpilot to understand recurring issues or commendations related to the firm.
Firms with robust trading platforms, intuitive interfaces, and positive user feedback rank higher. Technical issues, laggy interfaces, or complaints about usability lower the score.
This criterion evaluates how well a firm supports traders through education and customer service.
1. Customer Support
We assess the responsiveness, availability, and quality of customer support. Key considerations:
2. Educational Resources
Proprietary trading firms offering resources to enhance trader performance score higher. These include:
3. Community Engagement
Firms fostering community engagement through forums, events, or mentorship programs receive extra points.
4. Transparency in Rules
Clear guidelines for evaluation steps, profit-sharing models, and risk management protocols improve a trader’s overall experience.
Proprietary trading firms that offer 24/7 support, extensive educational content, and clear guidance achieve high scores. Firms with limited customer service hours or minimal educational offerings score lower.
Each of the above categories is scored out of 5, and the final rating is calculated as the average of the four scores. For example:
Criteria | Score (Out of 5) |
---|---|
Programs Offered | 4.5 |
Profit Splits and Pricing | 4.2 |
User Experience | 4.7 |
Support and Education | 4.0 |
Overall Rating | 4.4/5 |
Choosing a proprietary trading firm is a pivotal decision that can impact your trading career significantly. That’s why My PP Ratings is designed to be more than just a ranking system — it’s a comprehensive evaluation framework built on trust, transparency, and trader-focused insights. Here’s why traders rely on our ratings:
Make your proprietary trading journey a success with the confidence that comes from informed decisions. Explore our detailed reviews and trusted My PP Ratings today to discover the prop trading firm that aligns perfectly with your trading goals!