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What OTHERS ARE SAYING

David Amanwo

For most traders, one primary reason for prop trading is to amplify profits by trading with high capital. It is quite awful when these payments gets denied. This is one major reason I recommend Axe Trader. When it comes to payouts, they don't hesitate. You get your profit share as at when due. There support is also worth applauding. Queries are handled swiftly and effectively.

Orji Chima

My experience with Axetrader has been life changing. I have a safe community where I can freely share my trading ideas and also learn from other traders and advance myself. The support team is amazing and very helpful and I love it. From what I've experienced, Axetrader trader is more concerned with traders growth and success than any other thing.

Ali Tarique

So far Experience is far better than good , Support is responsive and I love their Double axe evaluation . You get a second chance to pass the evaluation . Spreads are good too.

Tangazafrica Digital

For anyone around the world who want to level up his/her trading journey this is a place to be! It is a revolutionary and open experience where you get to know the trading basics from beginner to an expert! Just Enroll and stick with @axetraderhub mentors. Myself I’m looking forward to level up my trading experience with @axetraderhub.There’s is so much noise on the internet, so take this advice from a guy who has filtered those noise.

Aleem Farrukh

Amazing prop firm great benefits and direct funded accounts nothing else needed in life.

David Amanwo

For most traders, one primary reason for prop trading is to amplify profits by trading with high capital. It is quite awful when these payments gets denied.This is one major reason I recommend Axe Trader. When it comes to payouts, they don't hesitate. You get your profit share as at when due.There support is also worth applauding. Queries are handled swiftly and effectively.

Orji Chima

My experience with Axetrader has been life changing. I have a safe community where I can freely share my trading ideas and also learn from other traders and advance myself. The support team is amazing and very helpful and I love it. From what I've experienced, Axetrader trader is more concerned with traders growth and success than any other thing.

Ali Tarique

So far Experience is far better than good , Support is responsive and I love their Double axe evaluation . You get a second chance to pass the evaluation . Spreads are good too.

Tangazafrica Digital

For anyone around the world who want to level up his/her trading journey this is a place to be! It is a revolutionary and open experience where you get to know the trading basics from beginner to an expert! Just Enroll and stick with @axetraderhub mentors. Myself I’m looking forward to level up my trading experience with @axetraderhub.There’s is so much noise on the internet, so take this advice from a guy who has filtered those noise.

Aleem Farrukh

Amazing prop firm great benefits and direct funded accounts nothing else needed in life.

What Is Drawdown In Trading

Drawdown refers to the losses on your account size. With a traditional brokerage if you invested $1000 on robhinhood or webull to trade options, and your account size at the end of the trading day is $700. Then your drawdown on your account $300 or 30% of your account size. With prop trading with prop firms drawdown is calculated as Daily Drawdown and Max Drawdowns. Lets dive into what is drawdown in trading and why this is crucial for you when you select prop firms!

Prop Firm’s Drawdown Rules:

Daily Drawdown - Daily allowed loss on account size within 24 hours. (Depends on Prop Firm and Prop Firm Model Type). The 24 hour window depends on the prop firm but can usually be tracked on your trading dashboard.

Max Drawdown - Maximum allowed loss on account size, usually no time limit. (Depends on Prop Firm and Prop Firm Model Type).

Axe Trader’s Prop Firm Trading Models and Drawdown Rules:

Two Step Funding - Two verification phases before Funded Phase. Daily Dradown is 5% and Max Drawdown is 10%

One Step Funding - One verification phase before funded phase. Daily Drawdown is 4% and Max Drawdown is 6%. 

Funded Axe - Instant Funding account without a challenge or verification phase. Daily Drawdown is 3% and Max Drawdown is 6%

Selecting Prop Firms Based on Drawdowns:

Profitble Traders have a trade plan which involves setting up portfolio rules. For instance, risking 0.5% per trade allows you to have 10 consecutive losses daily and 20 maximum consecutive loses for the two-step plan. With the same risk of 0.5% per trade on the one step account, you can lose a trade a maximum of 8 times consecutively and daily, and 12 times consecutively in your overall trading journey.

Hence, choosing a prop firm that suits your risk management and drawdown specifications is as important as selecting the right prop firm model and rules associated with each prop firm.

With Axe Trader, all pur rules are transparent, before purchasing your first and last prop firm account with us, we encourage you to contact our customer support to enquire about the prop firm model you wish to trade and all the portfolio rules associated with each model type. You need to be a more informed decision maker, and our job is to provide all the resources from trading psychology, to trading sessions, to mentorship, to a trading platforms where you can make money on your funded accounts. 

So, are you ready to take your trading to the next level? Traders get the funding you need with Axe Trader. Follow us on our socials to keep upto date with promos, and new updates to our business operations. Here’s all our Axe Trader social handles:

X: https://x.com/axetraderhub?lang=en

Discord: https://discord.com/invite/axetrader

Instagram: https://www.instagram.com/axe.traderhub/

Facebook: https://www.facebook.com/AxeTraderHub/

Linkedin: www.linkedin.com/company/axetraderhub/

Take advantage of our extensive resources, expert support, and a trading environment designed for your long-term success. 

Sign up now here: https://dashboard.axetrader.com/en-US/sign-up

Begin your journey towards becoming a successful trader with Axe Trader: Assume Zero Risk - Keep upto 100% of the simulated profits!

Traders Blog™

AXE Trader Ltd. Disclaimer

Axe Trader Ltd. offers fee-based assessment services and facilitates connections with third parties for Potential Traders who meet specific criteria defined by Axe Trader (“Eligible Traders”). Our services involve evaluating the simulated trading performance and results of Potential Traders in certain virtual off-exchange foreign currency instrument pairs (“Forex”) and/or selected virtual contracts for differences (“CFDs”). We conduct data analysis based on simulated trading activities in demo accounts traded by Potential Traders through Axe Trader’s platform, utilizing data provided by a third-party broker. Our methods and techniques are established and maintained by Eligible Traders.

Axe Trader grants access to a third-party’s simulated trading platform, related demo accounts, and simulated trading information for the purpose of conducting data analysis and assessment services. This third-party offers Eligible Traders a simulated trading environment and an opportunity to earn a share of virtual trading gains generated in demo accounts, as specified in their agreement with the Eligible Trader.

Additionally, Eligible Traders acknowledge and agree, as outlined in their agreement, that the third party has the right to collect and use the data obtained from Axe Trader for their own benefit, including the option to replicate trading activities based on this data. The third party also retains the right to incorporate any information received from Axe Trader regarding Eligible Traders into actual live market trading, which they will conduct for their own account and at their own risk.

Theoretical performance outcomes should not be considered as reflective of real trading experiences and are typically formulated with the advantage of historical knowledge, which may either overstate or understate the influence of specific market factors such as limited liquidity and price fluctuations. Moreover, since theoretical trading does not carry financial risk, it cannot fully encompass the impact of various risk-related elements, including an individual’s or advisor’s capacity to manage losses or adhere to a specific trading strategy when confronted with trading setbacks.