Best Funded Trader Programs and Accounts

What are the best funded trader programs? Until 2021, the funded trading account business was easy to understand. Topstep, as the market leader in futures trading, FMTO as the leader for forex-funded accounts and Earn2Trade, as the innovator, clearly dominated the business.

In 2022, the rise of prop trading firms and funded trading account offerings began. Today, we have over 50 different vendors in this segment, and the number is still growing. That makes it even more important to take a closer look at the exact specifics of each offering, pricing and technology.

Our list of the best funded trader programs includes well-established firms with a high market share but also new offerings in the prop trading space.

Best Funded Trader Programs

Topstep – Best Funded Trading Account for Futures
FMTO – Best Funded Trader Program for Forex
Earn2Trade – Best Growing Prop Trading Firm
The5ers – Best Bootcamp Offering
myForexFunds – Most Diversified Forex Offering

TopStep

Topstep is an U.S.-based company and the market leader in the segment of funded futures trading accounts. With payouts of over seven million US Dollars since 2020, an average of 600 funded accounts per month and experience of over 10 years in funding futures trading, TopStep makes it to the top spot of the best funded trader programs.

Topstep offers three different accounts. The account with $50,000 buying power for a trading combine fee of $165 per month, the $100,000 account for $325 per month, and the $150,000 account for $375 per month.

Traders keep 90% of the profits they make by using Topstep’s capital.

FTMO

FTMO is for forex traders that Topstep is for futures traders. As a result, FTMO is the clear dominator for funded forex accounts. They have paid out more than $85 million since inception, operate in over 1800 countries worldwide and manage a monthly trading volume of over 16 million.

FTMO offers funded accounts held in USD, GBP, EUR, CZK, CAD, AUD and CHF. The available account balances include the 10k, 25k, 50k, 100k and 200k accounts. The monthly participation costs range from 155 EUR to 1,080 EUR. All fees must be paid in Euro, but the trading account funds can be used in the above-mentioned currencies.

Traders keep 90% of the profits they make by using FTMO’s capital.

Earn2Trade

Earn2Trade is a rising star in the funded program space. Their innovative products separate them from competitors. Besides the classic funded accounts, which have the name The Gauntlet Mini at Earn2Trade, they also offer an innovative concept called the Trader Career Path, where investors can test their skills on a $25,000 trading exam. If the investor passes the exam, he gets funded with a real money trading account and joins a trading firm. 80% of the money made by strictly trade based on the rules can be withdrawn.

The price for the Trader Career Path is $150 per month. The classic Gauntlet Mini costs $170 for the $50,000 account, $315 for the $100,000 account, $250 for the 150K, and $550 for the $200k account.

The5ers

The 5ers combines classic funded trading accounts for forex traders with a Bootcamp program. But besides forex, also metals and indices can be traded, depending on the program chosen.

The payout split at The5ers is not as beneficial as mentioned before since the payout splits only 50%. That means that trades keep only 50% of the profits they make with The5ers.

The monthly costs for the participation range from €235 for the small account of $24,000 to €745 per month for the $80,000 account.

Participation in the $100k Bootcamp costs €95.

myForexFunds

myForexFunds is a prop firm evaluation with a two-step process for funded traders who want to trade contracts for difference, commodities or forex. The evaluation account sizes for trading range from $10,000 to $200,000.

The difference to the other prop firms mentioned before is that myForexFunds is that myForexFunds does only require a one-time registration fee, which ranges from $49 for the 5k account to $1,389 for the $300k account. Still, if a trader fails to pass the trading evaluation, they have to pay the full participation fee again, while other funded programs typically allow a reset for a lower fee if the reset happens before the paid period is over.

What is a Funded Trader Program?

A funded trader program is an opportunity for traders to receive capital from a sponsoring firm in order to trade on their behalf. Funded trader programs are tailored to those who possess strong trading acumen but lack the funds necessary to maximize their stock market success. By providing access to large sums of capital, funded trader programs enable talented traders to generate significant profits without risking their own money.

Funded trader programs typically involve a rigorous evaluation process where candidates must prove their trading abilities through simulated or live trading accounts. Once accepted into the program, participants are given access to the sponsoring firm’s resources and mentorship from experienced professionals. In return, they agree to share a percentage of any profits generated with the funding company.

The Structure of Funded Trader Programs

Evaluation Phase: Candidates undergo an assessment period during which they must demonstrate consistent profitability and adherence to risk management guidelines set by the funding company.
Funding Phase: Successful candidates receive access to sponsored capital and begin trading on behalf of the funding company while adhering strictly its rules and regulations.
Profit Sharing: Traders share a predetermined percentage of any profits generated with the funding company as compensation for providing them with financial backing.

In addition, some funded trader programs offer ongoing education and support such as daily market analysis, webinars, coaching sessions, or even one-on-one mentoring from seasoned traders (source). This helps ensure that participants continue honing their skills while maximizing profit potential within these highly competitive programs.

Accessing funds and resources for trading can be beneficial, but one must consider the potential hazards. Let’s explore the advantages of participating in a funded trader program, taking into consideration any potential risks.

Benefits of Funded Trader Programs

Funded trader programs offer numerous advantages to traders, especially those who lack the necessary capital or resources to trade independently. These benefits include access to capital, trading tools and resources, mentorship from experienced professionals, and more.

Access to Capital

One of the primary benefits of funded trader programs is access to capital. Many aspiring traders struggle with limited funds for investment purposes. By participating in a funded trader program, individuals can gain access to significant amounts of trading capital provided by their sponsoring firm. This gives them a chance to be involved in bigger trades and broaden their portfolios, which may result in greater returns.

Trading Tools and Resources

Funded trader programs often provide participants with various trading tools and resources, such as advanced charting software, market analysis reports, news feeds, etc., which are essential for making informed decisions in today’s fast-paced markets. Access to these tools can help improve a trader’s performance by enabling them better understand market trends and develop effective strategies accordingly.

Mentorship from Experienced Professionals

A crucial aspect that sets apart top-funded trader programs is the quality of mentorship they offer. Participants have an opportunity to learn directly from seasoned professionals who possess extensive knowledge about financial markets and successful trading techniques. This guidance helps new traders avoid common pitfalls while honing their skills through practical experience under expert supervision.

Risk Management Training

An essential component of any successful trading strategy is risk management – knowing when it’s time cut losses or take profits. Funded trader programs often provide risk management training to help participants develop a disciplined approach towards trading and avoid impulsive decisions that could lead to significant losses.
Performance Evaluation: Top-funded trader programs also offer regular performance evaluations, which can be invaluable in identifying areas for improvement and ensuring continuous growth as a trader. These evaluations typically involve reviewing trade history, analyzing decision-making processes, and providing constructive feedback on overall performance.

In summary, funded trader programs offer numerous benefits to traders looking for access to capital, tools and resources necessary for success in the markets while receiving guidance from experienced professionals. Participants in funded trader programs have the potential to drastically improve their trading abilities and heighten their likelihood of gaining long-term gain.

The advantages of having a funded trader scheme are undeniable and can be a beneficial asset for traders wanting to progress their trading profession. Still, caution must be exercised when selecting a program to guarantee that your objectives will be attained and funds utilized prudently.

How to Choose the Best Funded Trader Program

It’s essential to consider various factors that will impact your trading experience and potential profits. In this section, we’ll discuss some key aspects you should evaluate when choosing a funded trader program.

a) Amount of Capital Provided

The amount of capital provided by the sponsoring firm plays a significant role in determining your earning potential. Some programs offer higher funding levels than others, which can be advantageous if you’re looking to trade larger positions or take on more risk. When comparing different programs, make sure to check their leverage ratios and maximum position sizes allowed.

b) Terms of Agreement

Each funded trader program has its own set of rules and requirements that traders must adhere to in order to maintain access to their allocated funds. This may include maintaining specific profit targets, adhering to strict risk management guidelines, or meeting minimum trading activity thresholds. Before committing yourself into any agreement with a particular company, carefully review their terms and conditions so you understand what’s expected from both parties.

c) Quality of Mentorship Offered

A good mentor can significantly improve your chances of success as they provide valuable guidance based on years of experience in the markets. Look for programs that offer direct access to experienced professionals who are available for one-on-one coaching sessions or group webinars where they share insights about market analysis techniques and trading strategies. Forbes recommends asking these questions before selecting a mentor.

d) Trading Resources and Tools

Accessing superior trading resources and materials may be beneficial for making more informed decisions in the market. When evaluating funded trader programs, consider what additional resources they provide such as technical analysis software, real-time news feeds, or access to premium research reports. The availability of these resources can give traders a competitive advantage by granting them knowledge about market trends and potential openings.

e) Program Reputation and Reviews

Last but not least, it’s essential to choose a reputable program with positive reviews from current or past participants. Research online forums, social media platforms, or review websites like TrustPilot for feedback on different funded trader programs. This will give you an idea of how successful other traders have been with each program and whether their experiences align with your expectations.

Selecting a suitable funded trading program can be an intimidating challenge, yet with thoughtful examination and thought about your individual objectives you may make a knowledgeable selection. Now that we have discussed how to choose the best funded trader program, let’s take a look at some of the top programs available today.

How to Succeed in a Funded Trader Program

Success in a funded trader program requires dedication and discipline as well as an understanding of risk management and market analysis techniques. In this section, we will discuss some key strategies that can help you excel in your chosen funded trader program.

A. Develop a Solid Trading Plan

Having a well-defined trading plan is crucial for success in any trading endeavor, including funded trader programs. Your plan should outline your goals, risk tolerance, entry and exit strategies, position sizing, and timeframes for trades. A solid trading plan helps keep emotions at bay while providing clear guidelines on how to approach the markets.

B. Master Risk Management Techniques

To ensure capital preservation and minimize losses, risk management techniques such as setting stop-loss orders or employing proper position sizing should be mastered. To minimize losses and protect your capital, it’s essential to learn various risk management techniques, such as setting stop-loss orders or using proper position sizing based on account size and volatility levels.

Stop-Loss Orders: These are orders placed with brokers to sell securities when they reach a specified price level below their purchase price; this helps limit potential losses if the market moves against you.
Position Sizing: This involves determining the appropriate number of shares or contracts to trade based on factors like account size, trade risk percentage (the amount willing to lose per trade), and volatility levels.

C. Stay Disciplined & Consistent with Your Trading Strategy

Discipline and consistency are key to long-term success in trading. It’s essential to stick with your trading plan, follow risk management rules, and avoid impulsive decisions based on emotions or market noise. Developing a trader’s mindset that focuses on patience, discipline, and adaptability can help you stay consistent with your strategy.

D. Continuously Learn & Improve Your Trading Skills

The financial markets are constantly evolving; therefore, it is vital for traders to continuously learn new strategies and improve their skills. This can be achieved by:

Reading Books & Articles: Stay updated with the latest market trends and developments by reading books, articles from reputable sources like Investopedia or MarketWatch.
Taking Online Courses: Enroll in online courses offered by top trading academies such as TradePro Academy or SMB Capital.
Mentorship Programs: Seek guidance from experienced professionals through mentorship programs provided within funded trader programs.

Incorporating these strategies into your daily routine will increase your chances of succeeding in a funded trader program while also enhancing your overall trading performance.

Best Funded Trader Programs Conclusion

As a trader, finding the best funded trader programs can be an essential step in your journey towards financial success. These programs provide traders with capital to trade on behalf of a proprietary trading firm, allowing you to maximize profits while minimizing personal risk.

In this comprehensive guide, we will explore what funded trader programs are and how they work. We’ll discuss the benefits that these elite funding opportunities offer and provide insights on how to choose the most suitable program for your needs.

Additionally, we’ll review the top 5 funded trader programs available today and share valuable tips on succeeding as a funded trader. By understanding these crucial aspects of professional trading, you can confidently pursue your career goals in this competitive industry.

The best funded trader programs are still the ones from Topstep, FTMO and Earn2Trade because those market leaders offer the best funding options and payment methods, and they have a proven track record of payouts to their clients.

Many newbie prop trading firms are located in regions of the world with lower regulation requirements and with questionable payment options. All in all, the prices of all offerings are kind of similar. That’s why it makes sense to focus on those companies, where the chances of getting the payout that was promised are high. It is always worth it to read the terms and conditions.

In conclusion, the best funded trader programs can provide a great opportunity to traders who are looking for an edge in their trading strategies. By providing capital and guidance from experienced professionals, these programs allow traders to maximize their profits while minimizing risk. Before making a selection, it is essential to conduct thorough research to ensure the program meets individual requirements. With the right selection process and dedication you can find success with any one of these top 5 funded trader programs.

Are funded trader programs woth it?

Yes. Funded trader programs are worth it. They offer traders and investors the opportunity to participate in investing challenges to prove that they can trade profitably. Those who can trade profitably get funded by a prop firm that shares up to 90% with their traders on every dollar made by trading assets like futures and currencies.

Frequently Asked Questions Best Funded Trader Programs

Is it worth to be a funded trader?

Yes, becoming a funded trader can be worthwhile for skilled traders who lack the capital to trade independently. Funded trader programs provide access to large trading accounts and resources, allowing participants to earn significant profits while sharing risks with the funding firm.

What is the profit split for the funded trader program?

The profit split in a funded trader program varies between firms but typically ranges from 50% to 80%. This means that traders receive a percentage of their generated profits, while the remaining portion goes back to the funding company.

What is the max funding for a funded trader?

The maximum funding provided by funded trading programs depends on each company’s policies and individual performance. Some firms offer initial account sizes up to $150,000 or more, with opportunities for growth based on consistent profitability and adherence to risk management rules.

How do I become a successful funded trader?

To become a successful funded trader, focus on developing strong trading strategies, adhering strictly to risk management rules set by your chosen program, managing emotions, staying disciplined and consistently evaluating your performance. Additionally, take advantage of educational resources offered by many programs as part of their support system.