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with TST, you actually don't pay twice for the two stages. it's billed monthly and if you're able to complete stage 1 and 2 within the first monthly billing cycle, you'd just be paying once.
with OUT, you actually can't withdraw any amount until you've gone over the max drawdown amount and when you are able to withdraw, the remaining balance can't go below balance + max drawdown.
so for example, if you have a 50k account, you can't withdraw until your account goes over $52500 (50k + 2500). So let's say you made a profit of 3k so now your account balance is $53000. You can only withdraw $500, not $3k.
this makes OUT no different from having a stage 1 & 2. although it still has the advantage of the user having to overcome the trailing drawdown twice, as opposed to three times in TST, since in TST, your balance resets again in the funded stage.
i actually didn't know that surprassing the max DD in OUT didn't fail you out so that's a pleasant surprise. that's def a plus for OUT.
but to answer your original question, my main gripe with OUT and speeduptrader is i don't trust the people behind the business (you can google search). Too many BS alarms set off when i learn more about the people behind the business and you can tell they make it as non-transparent as possible. that's a subjective judgment though.
With TST it indeed is possible to pass both stages in 1 month however realistically these chances are extremely slim unless one is taking very much risk or is very lucky. At least that is my opinion, i would never start TST with the intention to finish both stages in 1 month and i am certain not many traders manage to do so.
With OneUp, you actually can withdraw a part (up to 50%) of the withdrawal threshold if you want to close the account, here are the rules for that:
"For 80% Split Option and subject to the provisions set for in section 6-A and TRADER's account activation date or first trade execution date, whichever occurs last. TRADER shall receive 20% of net reserves for account lifespan of under 45 calendar days, 50% of net reserves for account lifespan of 46 to 90 calendar days, or 80% of net reserves for account lifespan of over 91 days. For 50% Split Option and subject to the provisions set for in section 6-A and TRADER's account activation date or first trade execution date, whichever occurs last. TRADER shall receive 10% of net reserves for account lifespan of under 45 calendar days, 30% of net reserves for account lifespan of 46 to 90 calendar days, or 50% of net reserves for account lifespan of over 91 days."
This is a quote out of the trading contract which i received when i passed my evaluation account some time ago.
Edit: With OneUp you do get eliminated if you surpass the maximum draw down level, not if you surpass the maximum daily draw down level.
awesome; that's not ideal but it's good to know they do have an option to withdraw up to 50% of the threshold when closing the account.
although they really should be making this transparent in their FAQ in the first place b/c this just means that in the future, they could adjust the terms of the trading contract for future users who pass the OUT evaluation. do you know who their funding partners are?
@RDK91 a genuine question... with Micro products coming out in the CME on Monday. Why would someone want to a combine , OUT, etc? Why not just put that money to micros
They are 1/10th of the value of e-minis so 1 ES point will be $5 and 1 NQ point $2, might be good for testing strategy's and stuff but i don't think i will be using it for my strategy. With OneUp for example i get $2500 DD for $150. If i lose the account i will probably also lose the $150 on the micro's. If i make it work my income is 10 times larger than with the micro's.
It takes 50 losing ES points to lose my $2500 with OneUp vs 30 points for the $150 with the micros.
The only reason to go with the micros over an evaluation account, in my opinion, is if your strategy isn't working with all the extra rules a funding company brings.
@RDK91 so out of the bunch, who is the least shady? And why am I reading abt 60% profit split in e2t I thought everyone gets 80% omg 60% wld suck after spending so much time.
The offer depends on the performance, i am currently leaning towards OneUp for my next account.
The main reason i am probably not going with E2T this time is the 60 days and they said they almost never give 20% DD anymore, not even with an amazing performance like my previous Gauntlet.
