- Part 1. Understanding the Basics
Prop firm evaluations add a layer most retail trading doesn't have: a hard daily loss limit that ends your account instantly, which changes how conservatively this should be applied compared to your own capital. MyForexFunds was shut down by the CFTC and SEC in 2023 over fraud allegations, leaving traders with unpaid profits — a hard cautionary tale for prop firm due diligence. FTMO, by contrast, reports having paid out over $250 million to traders since 2015 and runs a two-phase evaluation (typically a 10% then 5% profit target) with a 5% max daily loss and 10% max overall drawdown. "Safest" in 2026 means checking payout history, the firm's jurisdiction and regulatory exposure, and whether it actually hedges/trades your positions live rather than running a purely synthetic book with no real capital behind it.
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Try the Void Engine FreePart 2. Key Concepts You Need to Know
The landscape has shifted dramatically. What worked five years ago may not work today. Stay ahead by understanding current market dynamics and how they affect your trading decisions.
Part 3. Practical Application
Theory is useless without execution. Here is how to apply these concepts in your daily trading routine. Start small, journal everything, and scale what works.
Part 4. Using TRADZY to Gain an Edge
TRADZYs platform helps you implement these concepts systematically. From automated import to advanced analytics, see exactly where your edge comes from and where it leaks.
FAQ
What actually caused MyForexFunds to shut down?
US regulators (CFTC and SEC) alleged it operated as a fraud, misrepresenting itself as a legitimate prop firm while allegedly using trader fees rather than paying out profits as claimed — assets were frozen in 2023.
How do I implement this in my trading?
Begin by journaling your current approach in TRADZY, then layer in these concepts one at a time. Measure results before scaling.
Is this suitable for beginners?
Yes, but start with smaller position sizes while learning. The concepts apply regardless of account size.
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TRADZY scores every setup 0-100 before you enter, then journals what actually happened. Free to start.
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