There are many forex prop firms available in the market today, but knowing the right one for you can be alittle bit of achallenge. But with the right questions, you can pick the one suitable for you.
In this blog post, we will share with you six vital questions to ask when choosing aforex prop trading firm, six key areas you should pay attention to when evaluating different prop trading firms.
By the end of this blog post, you will have aclear idea of what to look for and why RebelsFunding might be the perfect fit for you.
1. What is the reputation of the prop firm, and dothey have atransparent and ethical business conduct?
The first question to ask when choosing aprop trading firm is about its reputation and compliance. You want to work with afirm that has asolid reputation in the industry, aclean regulatory history, and transparent and ethical business conduct.
A reputable firm will have positive feedback from its traders, clients, and partners and will be able to provide you with references and testimonials. Acompliant firm will follow trading regulations and operate in accordance with the legal framework of it’s jurisdiction.
RebelsFunding is aprop trading firm that prides itself on its reputation and compliance. Legally registered in Slovakia in Europe (with ID: 48 116 700, VAT: SK2120056059), RebelsFunding has paid out more than $400K to its traders from over 150 countries. RF currently has a4.4/5 rating on Trustpilot, with hundreds of positive reviews from satisfied traders.
The prop firm is fully compliant with trading regulations and operates in accordance with the legal framework of its jurisdiction. It has atransparent and ethical business conduct.
2. What is their fee and profit sharing structure?
You want to work with afirm that has atransparent and fair fee structure, where you know exactly what you are paying for and what you are getting in return.
You also want to work with afirm that has acompetitive and rewarding profit sharing structure, where you get agenerous share of the profits you make, and where you have the opportunity to grow your trading account and increase your profit split ratio.
In this regard, RebelsFunding has atransparent and fair fee structure. You only pay aone-time fee to join one of their training programs, ranging from $25 to $890, depending on the program you choose.
The fee covers the cost of the training platform, the risk capital, and the support and guidance you receive from the firm. The fee also acts as arefundable deposit, where you can get back up to 200% of your fee if you complete the training program successfully.
RF also has acompetitive and rewarding profit sharing structure, where you can earn up to 90% of the profits you make, depending on the program you choose and your performance.
3. How long dothey take to process and complete awithdrawal request and how many times can you withdraw in amonth?
In addition to fee and profit structure, you want to work with afirm that has afast and easy withdrawal process, where you can access your profits quickly and conveniently. You also want to work with afirm that has aflexible withdrawal, without any maximum limitations or restrictions.
RebelsFunding has afast and easy withdrawal process, where you can request your profits and receive within 16 hours on average or less.
At RF, you can withdraw your profits twice in amonth, with aminimum withdrawal limit of $50 and NO maximum withdrawal limit.
The company allows you to withdraw your profits via various methods, such as bank, crypto, Wise Rise, etc.
4. What trading tool dothey offer to traders and is it flexible?
This is another question you should ask. You want to work with afirm that provides you with the best trading instruments and platforms, as well as the risk management and strategy flexibility that suit your trading needs and preferences. Some questions to ask are:
- What are the trading instruments and markets that the firm offers and are they compatible with your trading style and goals?
- What are the trading platforms that the firm supports and are they reliable, user-friendly, and feature-rich?
RebelsFunding provides you with the best tools and flexibility for your trading success. RebelsFunding offers you awide range of trading instruments and markets, including Forex, metals, indices, and cryptocurrencies.
The firm has aunique trading platform known as the RF-Trader, integrated with TradingView chart (devoid of any sort of manipulation). The platform is reliable, user-friendly, and feature-rich.
5. How is their customer support and community?
Next, you also want to work with afirm that provides you with the customer support, trading rules, and trading community that enhance your trading experience and performance. Some questions to ask are:
- What are the customer support channels and hours that the firm offers, and are they responsive, knowledgeable, and helpful?
- What are the trading community and culture that the firm fosters, and are they supportive, collaborative, and diverse?
RebelsFunding provides you with the support and environment you need to thrive as aforex trader. RebelsFunding offers you various customer support channels, such as email, live chat on the website, Telegram, Facebook, Discord, Twitter (X), LinkedIn, etc., which are available 24/7 and are responsive, friendly, knowledgeable, and always ready to help.
RF also fosters asupportive, collaborative, and diverse trading community and culture, where you can interact with other traders, share your ideas and insights, and learn from each other.
6. Does the firm match my trading style and goal(s)?
Finally, you want to work with afirm that matches your trading personality and aspirations and that helps you grow and improve as atrader. Some questions to ask yourself are:
- What are your trading strengths and weaknesses, and how can the firm help you leverage or overcome them?
- What are your trading objectives and expectations, and how can the firm help you achieve or exceed them?
RebelsFunding matches all trading styles and goals. They offers you avariety of training programs, from Copper to Diamond, that cater to different levels of experience and preference, from beginners to experts.
RF also helps you leverage your trading strengths and overcome your trading weaknesses, by providing you with feedback and guidance.
RebelsFunding also helps you achieve or exceed your trading objectives and expectations, by providing you with capital, opportunities, and rewards.
Choosing aprop trading firm is acrucial decision that can have asignificant impact on your trading career. Therefore, you should carefully consider the six questions that we have discussed in this blog post, and compare different prop trading firms based on them.
By doing so, you will be able to find the best prop trading firm for you and start your prop trading journey with confidence.
