Andrew NFX – The Trader Banned By Prop Firms For Being Too Profitable

Andrew NFX is a trader who has defied the odds, turning a modest investment into millions in funding and payouts. Over the years, his name that has become synonymous with success and controversy in the world of proprietary trading firms and has managed to amass $6.7 million in funding across multiple prop firms.

Known as the “most banned prop firm trader,” Andrew has been kicked off seven to nine platforms, not for illegal activities, but for being too profitable. His journey from a young, uncertain trader to one of the most successful prop firm traders in the industry is a testament to his discipline, strategic mindset, and relentless pursuit of growth.

Andrew NFX’s Background and Early Trading Experience

Andrew’s introduction to trading began at the age of 17, when he dabbled in binary options, a high-risk, high-reward form of trading that he describes as “more like gambling.” Despite the manipulative nature of the binary options market, it sparked his interest in financial markets. However, it wasn’t until he shifted his focus to Forex and prop firms that he found his footing.

Andrew’s early years were marked by uncertainty and self-doubt. He came from a background in basketball, but an injury forced him to retire from the sport, leaving him at a crossroads. He spent over a year and a half obsessively studying the markets, often sleeping only 2-3 hours a day, and dedicating the rest of his time to analyzing charts and developing his trading skills. This period of intense focus and sacrifice laid the foundation for his future success.

Trading Successes and Prop Firm Dominance

Andrew’s rise to prominence in the prop firm space is nothing short of remarkable. He started with an initial investment of around $5,000 and has since grown his funding to $6.7 million across 17-18 prop firms. His strategy involves reinvesting a significant portion of his payouts into more challenges, allowing him to scale rapidly. In less than a year, he has secured over $1 million in payouts, a feat that few traders can claim.

However, his success has come at a cost. Andrew has been banned from several prop firms because his profitability became a liability for the firms. Prop firms, which typically profit from traders who fail, found Andrew’s consistent success to be a threat to their business model. Despite these setbacks, Andrew has continued to thrive, leveraging his reputation as the “banned trader” to market himself and build his brand.

Andrew NFX’s Trading Strategy

Andrew’s trading strategy is rooted in simplicity and discipline. He focuses on higher time frames, liquidity, and timing, avoiding the overcomplication that plagues many traders. He waits for key market movements, often trading during the New York session, and avoids overtrading by restricting his trading hours. His approach is methodical: he identifies higher time frame objectives, waits for the right moment to enter, and executes trades with precision.

One of the key aspects of Andrew’s strategy is his risk management. He typically aims for a 1-2% monthly return on his funded accounts, a conservative target that allows him to compound his gains over time. He emphasizes the importance of not over leveraging and maintaining a disciplined approach to risk. His average risk-reward ratio is around 1:1, but he adjusts it based on the setup, sometimes holding trades for higher time frame objectives.

His Trading Philosophy

Andrew’s trading philosophy is deeply influenced by his understanding of psychology and self-discipline. He believes that trading is a direct reflection of one’s personal habits and mindset. Before even entering the markets, Andrew stresses the importance of fixing one’s psychology and setting realistic expectations. He often repeats the mantra, “A restricted trader is a profitable trader,” emphasizing the need for self-imposed limitations to enhance performance.

Andrew’s approach to trading is also shaped by his competitive nature. He views trading as a capital game rather than a percentage return game. Instead of chasing high percentage returns, he focuses on building a large capital base and making consistent, small percentage gains. This shift in mindset has allowed him to scale his trading to millions of dollars in funding.

Looking ahead, Andrew has ambitious plans to transition from prop firms to managing private capital. His goal is to manage $50-100 million in private funds, leveraging his experience and track record to attract institutional investors. He believes that trading is a skill that, when mastered, can provide financial freedom and the ability to scale one’s wealth exponentially.

If you liked this feature you should check out these other trading strategies from traders like: Steven Dux,  Lewis Borsellino, Alex Temiz, Lance Breitstein, Sam Parikh, Qullamaggie, Stockbee, Tim Grittani, Maury Kravitz and many more.