More and more experienced traders are turning to proprietary trading firms in order to fund their trading strategies.
The advantages are obvious. You can trade someone else’s money, keep a hefty percentage of your profits, and walk away from any losses.
Of course, a deal like that doesn’t come without strings attached, so it is imperative that you choose the right firm to set up your funded account.
|Firm||Evaluation||Funding Capital||Initial Fee||Monthly Fees||Max Account Scale Up||Profit share||Tradable Assets|
|FTMO||Two-step process beginning with the FTMO Challenge.||Normal Risk: |
|None||$2 million||80% initially, raised to 90% if you meet objectives.||Forex |
|DT4X Trader||None. Initial balance will be doubled every time you hit profit objective.||$10K|
|5%ers||Earn real profits while you’re evaluated. Meet profit objectives, receive 4x initial capital.||$6K|
|City Traders Imperium||Offers accounts with evaluation or accounts that are instantly funded.|
Evaluated accounts payout 50% of profits. Must maintain profit target beyond 30 trading days.
|None||$2 million||50% during evaluation|
60% at portfolio management level
70% for those with $2 million funded accounts
|Lux Trading Company||Minimum of 29 trading days, with a 6% profit target.||$5K|
|Top Step||Two-step “Trading Combine” to receive a funded account.||Futures:|
|Scales up according to your profits.||100% of first $5,000, 80% thereafter||FuturesForex|
|Audacity Capital||No evaluation. Questionnaire and phone interview.||$15K||£199||£99||$500,000||50%||Forex with possibility of indices and commodities later.|
|Funded Academy||Pass two stages to receive a funded account.||$50K|
|My Forex Funds||Offers multiple programs with or without evaluation.||Evaluation account:|
|None||“To the moon.” Meet four-month profit targets and account is scaled up by 30%.||75% for first month, 80% for second, 85% thereafter.||Forex|