Best Funded Trader Programs
Explore six top-funded trader programs for 2024 for beginners with their services, pros, & cons. Find the best opportunities to boost your trading career today!
Indices are popular financial instruments to trade in assets, including stocks, bonds, commodities, etc. However, many people are not aware of these instruments. In this article, we will learn about indices trading, its advantages, and how to do it.
An Introduction to forex funded account
A funded account is an account type used to trade in financial assets like cryptocurrencies, forex pairs, stocks, indices, commodities, and others with prop firms’ capital.
You may have heard of the popular phrase it takes money to make money, and that is quite true with reference to the financial market.
Trading is the buying and selling of financial assets to make a profit from their value fluctuation. For that, you need a significant amount of capital, and not all trading enthusiasts have capital.
Thus, funded forex accounts came into existence. In the market, prop firms or organisations are constantly looking for talented individuals with adequate knowledge.
Such firms provide skilled professional traders with funds to trade in the financial market. In return, prop traders need to share a decent profit with these firms.
Apart from capital, a trader can access educational resources, webinars, advanced trading tools, training, courses, and many others just by opening a funded account.
6 Best-funded Accounts Forex 2024
You must be thinking of opening a funded trading account. Well, no doubt it’s a good idea, but for that, you need a platform. So here is the best-funded accounts forex list with pros and cons. It will help you select the right one that fits your needs.
Earn 2 Trade
Earn 2 Trade’s funded programs are amongst the best in the market, with seven years of experience and numerous clients. Traders can get access to the funded accounts with the capital of $100,000, $50,000, and $25,000.
You just need to pass a test to get funds in order to start trading with the firm. Also, here, you will get three account types: The Gauntlet Mini, the Gauntlet, and the bootcamp. The price for Gauntlet Mini is between $150 to $ 350, the gauntlet is $429, and the bootcamp is $2499.
Pros
Earn 2 trade offers 80% of profit share in traders’ favor.
Easy profit withdrawal process.
One-step evaluation process.
Cons
Rules and Regulations may limit the experience.
Has withdrawal fees.
OneUp Trader Funding
OneUp trader funding is a one-step evaluation funding program for traders. The platform provides traders with a 7-day free trial to try and test services.
In addition, you can choose from over 20 platforms for executing trades. The profit-sharing ratio is around 90% in the traders’ favor. You can access funds up to 250,000$ on the platform. Also, the account types are categorized into five categories including novice, beginner, advanced, professional, and expert.
Pros
No Hidden Charges.
24/7 Customer Support.
Cutting-edge educational resources.
Cons
Withdrawal amount limit of minimum 1000$.
The funding amount is comparatively low.
Funded Next
Funded Next is amongst the most reputed platforms with a presence in many countries. The platform offers funds for trading in forex pairs, cryptocurrencies, indices, and commodities. The profit-sharing percentage is up to 95% in the traders’ favor.
The platform has different evaluation challenges for different traders. So you can choose the method according to your strategy, and interest. Also, the best part is that there is no time limit to complete the challenge.
The fee structure of its best-funded trader programs ranges between $50 to $1100. Funded Next offers a leverage of up to 1:100. The platform is also suitable for copy, and algorithmic traders.
Pros
Quick and Fast reward system.
Balance-Based Drawdown policy.
Access to online trading communities.
Cons
Negative customer reviews.
Apex trader funding
Apex trade funding provides traders with a range of account options and funds up to $400,000 through its best-funded trader programs. The best part is you don’t need to share any profit with the platform on your first $25000. And, even above that the profit split is 90% in the traders’ favor which is quite good.
Apex Trade Funds operates from Austin, Texas, and offers its services in more than 150 countries. This prop firm is the right option for future traders. You can trade in forex, equity, cryptocurrency, commodities, energies, and metal futures on the platform.
Pros
No daily drawdown.
Single-step evaluation process.
Trade on holidays and during news.
Cons
Scaling your account is time-consuming with this platform.
Lacks in trading tools and technology.
FTMO
FTMO is a reputed firm with over 10 years of experience in offering prop trading services. The platform offers free funded forex account services to traders for trial. The evaluation process is of two stages, clear it and get access to the funds.
The funded account fees are within the range of 155 to 1080 euros. The best part is apart from that there are no membership fees, recurrent charges, or any other hidden fees. In addition, traders can trade in a wide range of assets, have access to leverage facilities, trade with any strategy, and even seek guidance from market professionals on the platform.
Pros
Refundable fees.
Meta Trader 4, Meta Trader 5, and c traders platforms are available.
Educational material and resources for beginners.
Profit payouts are 80 to 90% in traders’ favour.
Cons
Time Barrier for passing the evaluation test.
FTMO does not accept clients from countries including Russia, Cuba, Indonesia, Belarus, Venezuela, and some others.
Goat Funded Trader
Goat-funded Trader is a new rising prop firm trading platform established in 2023. It offers a range of account types with different funding options and evaluation processes.
You can trade in different financial assets on the platform and even use the leverage facility. The leverage ratio is up to 1:100 for forex pairs, 1:80 for gold and silver, and 1:2 for crypto. The platform allows news trading, also traders can hold positions during weekends. The rules and regulations for prop trading on the platform are quite simple and flexible.
Pros
Profit sharing is up to 95% in traders’ favor.
No time pressure for passing the evaluation test.
Instant funding options without evaluation.
Refundable subscription fees.
Cons
Lacks in educational content.
The firm was established in 2023, so traders may have trust issues.
Wrapping Up
Many people want to start trading in the financial market. And, capital is the most common obstacle that stops them from doing so. That’s where best-funded trader programs can help you.
However, even for that knowledge is a must. Prop firms generally test the knowledge and skills of a person before providing them with the funds. So if you want to opt for this method then get well versed with the market.
Also, choosing an ideal funded account is a must for a smooth journey. So check the educational resources, customer support, trading tools, fee structure, and other factors before subscribing to a service.
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