Research & resources
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6 articles
INDUSTRY SHIFT Two Different Games Called The Same Name Wall Street quant desks moving into prediction markets and a retail bettor on a funded sports platform get lumped under “hedge fund sports betting.” They are not playing the same game, and mixing them up misreads what is actually changing in the market. Compare prediction market…
Most guides frame 1-Step vs 2-Step as phase count and stop there. Checked directly against FTMO’s and FXIFY’s own sites, the real difference is the daily-loss limit, tightened from 5% to 3% on both when a firm removes a phase, and pricing doesn’t follow the pattern everyone assumes either.
Static, trailing and end-of-day drawdown compared, including the closed-balance versus peak-equity distinction that most comparisons leave out. Plus five checks you can run on any firm rulebook in ten minutes.
Before you compare them: most retail prop firms are not allocating capital The textbook difference is simple. A hedge fund manages money raised from outside investors and charges them fees. A proprietary trading firm trades its own money and keeps the profit. That is accurate for institutional prop desks. It is not how most of…
Balance based limits ignore open positions. Equity based limits count every tick, so a trade that later recovers can still close the account. Plus why one firm can use both.
The real trade-off: your money at risk, or your fee at risk Most comparisons frame this as capital versus no capital. That is not quite the choice. The honest version is that retail trading puts your money at risk, and prop trading puts your fee at risk. Trading your own account means you fund it,…
