6 months into building a prop firm and just got the platform actually working. Roast my rules before more traders sign up
Founder disclosure upfront, im running The Leap propfirm. not posting to promote, genuinely want feedback before this scales.
Context. started this around november last year, but honestly the first 5 months the platform barely worked. shipped a real version maybe a week ago and theres still a list of things i know need fixing. not a full time trader either, day job is in medicine and full stack dev. running on metaapi infra, payouts in usdt or IDR, southeast asia focus.
Current setup is 2 step:
phase 1
- 10% profit target
- 5% daily loss limit
- 10% max drawdown
- min 5 trading days
phase 2
- 10% profit target
- 4% daily loss limit
- 8% max drawdown
- min 5 trading days
funded
- 4% daily, 8% max drawdown
- 80/20 split (85/15 on the bigger account)
- weekend holding allowed
- no consistency rule
stuff i actually want feedback on:
is 10% target with 10% DD on phase 1 too generous? i dont want the "designed to make you fail" reputation but if im too soft the unit economics dont work.
phase 2 keeps the same 10% target but tightens daily to 4% and max to 8%. so a trader who passed phase 1 has less room in phase 2. is that fair or backwards?
what rule from a firm youve used has burned you the worst. trying to learn from real complaints before i bake the same mistake in.
want the unfiltered version. were rough, were early, would rather get roasted now than after more people pay.
Im kinda nervous making this post, please be nice to me 😅