Top 5 Funded Traders - Bestfxbrokers.com (2024)

Prop trading is like a fantastic club where a few lucky traders get a chance to shine. These traders are backed by big-shot prop trading firms that believe in their skills and give them the resources they need to conquer the financial markets. They’re not your average traders – they’ve mastered their trading strategies and know how to spot unique opportunities. With the impressive results and a knack for adapting to any situation, they’ve become the heroes of the trading world, inspiring countless wannabe traders all over the globe.

Best Trader Funding Prop Firm Programs

Prop trading firms are like personal cheerleaders for traders, giving them the funds, technology, and support they need to make magic happen. These programs are all about attracting the best and brightest traders and creating a space where they can thrive. In this section, we’re going to take a closer look at some of the most extraordinary prop firm programs out there that offer top-notch funding for traders. So get ready to discover the secret behind their success and find your path to trader stardom!

FunderPro

FunderPro is a prop trading firm that offers funded trader programs. Here is a concise overview of their programs:

Eligibility Criteria: It requires traders to have minimum trading experience and a proven track record. They assess traders’ skills through a selection process.
Funding Options: Once accepted, traders receive a funded account and can trade with FunderPro’s capital. The firm provides funding up to a certain amount, depending on the trader’s performance.
Program Features: FunderPro offers access to advanced trading technology, risk management tools, and educational resources. Traders can choose from various asset classes and trading strategies.
Pros: FunderPro provides traders with capital and resources, reducing the need for extensive personal funds. Their selection process ensures a talented pool of traders.
Cons: Specific information about FunderPro’s funded trader programs, including achievements and overall performance, is not readily available on their website.
Notable Aspects: FunderPro emphasizes creating a supportive environment for traders to thrive. They also offer ongoing support and mentoring to help traders succeed.

It is important to note that the above information is a general overview, and for more precise details, it is recommended to visit FunderPro’s website or contact them directly.

Success Stories of Funded Traders

The first success story is of Josh!

Meet Josh, a former World Championship motorbike racer who traded the thrill of the race with Funder Pro for the buzz of the trading floor. Three years ago, he stumbled into trading, and it was love at first trade, despite a rocky start. Instead of quick sprints to the finish line, he learned to play the long game, channeling his racing discipline into holding trades for days. Well, the journey of Josh with FunderPro’s platform Josh is exceptional. He has found his groove and become a standout trading pro. His ability to stick to his game plan and ride out the fluctuations of the markets showcases the trader’s mindset needed to thrive.

Another Success Story is of 11 Payouts in 14 Days!

Hasan’s trading journey is a testament to the power of simplicity and discipline. He developed a unique, effective strategy by focusing solely on the DAX market index. His approach emphasizes understanding market dynamics, precise timing for entries and exits, and strict risk management. Hasan believes that trading isn’t just about profits but managing risks and exercising control over one’s emotions and decisions. His success, marked by 11 payouts in just 14 days, showcases the importance of patience, continuous learning, and a disciplined approach to trading.

The One Most Famous Success Story is from Ramon

Meet Ramon. He’s new to trading and learning quickly that success means riding a roller coaster of highs and lows. He spends a lot of time understanding how markets work, focusing on things like support, resistance, and the Relative Strength Index. But he knows it’s not just about having the right strategy. It’s also about managing emotions on good and bad days alike. His dream? To be a consistently profitable trader. For anyone new to this game, Ramon’s advice is simple. Keep learning, stay adaptable and, most importantly, be in control of your emotions.

Mike’s Successful Trading Journey with FunderPro

Mike, a software engineer turned composer, found his rhythm trading forex with FunderPro just six months after shifting from crypto. With over a decade of experience crafting video games and now creating music, Mike leveraged his analytical skills to see the markets more clearly. However, he initially struggled to keep his cool. His key takeaway? Patience is crucial. Learning from mistakes rather than chasing prices is important—he says prices often come back anyway. Discipline from his army days and strategies from Inner Circle Trader have shaped his approach. Mike combines this discipline with patience for consistent results, particularly with Gold and Oil. FunderPro’s supportive framework, including no rush on challenges and acknowledgement of successful withdrawal strategies, backed his journey from novice to profitable trader.

Surge Trading

Based on the information scraped from the website, Surge Trading offers several virtual-funded trader programs. These programs allow traders to trade with virtual funds and receive a percentage of the profits earned. Below is a breakdown of each program’s eligibility criteria, funding options, and program features:

SurgeTrader Audition: This program has three different types of auditions: 1-phase, 2-phase, and Lightning. Each audition has its virtual profit share, virtual profit target, daily loss limit, virtual leverage, and max trailing drawdown. The standard virtual profit share is 75%, but it can be increased to 90% with an add-on purchase. The virtual profit targets range from 5%-10%. There are no time limits or minimum trading days, and traders can trade any tradable asset offered by Surge Trading. The prices for the auditions range from $50 to $6,500, depending on the account size and type of audition chosen.
Scaling Plan: The scaling plan offers traders a virtual funded account with up to $1 million in virtual funds. There is a virtual profit share of up to 90%, a daily loss limit of 5%, and a virtual leverage of up to 201. The max trailing drawdown is 8%, and traders can hold and trade through the weekend. The standard virtual profit share is 75%, but it can be increased to 90% with an add-on purchase. The account tiers range from $25,000 to $1 million, with audition fees ranging from $250 to $6,500.

Pros:
Pros of Surge Trader programs include the ability to trade with virtual funds and receive a percentage of the profits earned, as well as flexible trading rules with no time limits or minimum trading days.

Additionally, traders have access to a variety of tradable assets and can choose from three different types of auditions.

Cons:
The cons of Surge Trading’s programs need to be clarified from the information scraped from the website.

Further research and considerations, such as fees and commissions, performance history, customer reviews, and the overall legitimacy of the company, should be taken into account before making a decision.

Unique aspects of Surge Trading’s programs include the different types of auditions available and the ability to hold and trade through the weekend.

TopStep

Eligibility Criteria: Traders need to pass a Trading Combine evaluation by following specific rules and profit targets set by Topstep. The evaluation includes demonstrating consistency and risk management skills.
Funding Options: After passing the evaluation, traders can choose from different funded account options with varying capital amounts and profit targets. These accounts allow traders to trade real money while keeping a percentage of the profits.
Program Features: Topstep provides access to real-time market data, advanced trading tools, and performance analytics to help traders refine their strategies. They also offer ongoing support, personalized coaching, and a community of like-minded traders.
Achievements and Success Stories: Topstep showcases success stories of traders who have gone through their program and achieved profitability using their strategies. These success stories highlight the potential of the funded trader program.
Trading Strategies and Performance: Traders are encouraged to develop and implement their strategies within the program’s guidelines. Actual performance may vary depending on the individual trader’s skills and market conditions.
Unique Aspects: One notable aspect of the Topstep program is the simulated trading environment, allowing traders to practice and prove their skills before trading with real money. Additionally, the flexibility of choosing different funded account options caters to traders with varying risk tolerance levels.

It’s important to note that this is a general overview based on the information available from the Topstep Platform. For more detailed and up-to-date information, we recommend visiting their website or contacting their customer support directly.

FTMO

Based on the information you provided from the FTMO website, here’s a summary of their Premium Programme for funded traders:

The FTMO Premium Programme offers exclusive benefits and rewards to elite traders, with two primary levels that can be achieved:

Level 1: Prime Status

Eligibility: Active FTMO Account of any size (aggressive accounts are not eligible), with no failed FTMO Account within the last 4 months.
Profitability: Achieve 4 payouts on a single order with a minimum profitability of 4% from the initial balance per payout (consecutive payouts not required).
Benefits: One free FTMO Challenge of the same size as the qualified FTMO Account, dedicated customer support, 90% payout ratio, special certificate, maximum capital allocation increased to 600K, access to a unique 400K FTMO Challenge, exclusive discounts, and bonuses.

Level 2: Supreme Status

Eligibility: Active 400K FTMO Account (merged from two 200K FTMO Accounts or a single 400K FTMO Account), along with active participation in Level 1 Prime Status for 3 months.
Profitability: Maintain Prime Status with at least 3 payouts and 4% profitability per payout.
Benefits: All Prime Status benefits, immediate payout, 1M max capital allocation, no maximum daily loss, a physical badge of achievement, the opportunity to move to Quantlane (subject to assessment), and exclusive merchandise.

In addition, for traders who meet the requirements and are interested in further opportunities, FTMO offers the chance to be assessed for a job position at Quantlane, a traditional proprietary trading firm. Benefits of this program include a 2-year contract with a fixed salary, a competitive trading bonus scheme, performance coaching, a trading station in Prague, and institutional trading conditions.

Optiver

As an investor, Optiver offers experience gained over decades of trading and deploying tech at scale in the world’s most competitive markets. Companies that partner with Optiver get access to a team of seasoned trading technology and business development professionals.

Optiver’s principal strategic investments team actively seeks investment opportunities closely linked to its core market-making business. They focus on businesses operating in the trading and commodities spaces, as well as technologies related to capital markets, exchanges, trading platforms, clearing, settlement, and brokerage.

Optiver’s investments also include companies building cutting-edge IT infrastructure such as cybersecurity, cloud ecosystems, data processing and storage, analytics tools, development tools, and more.

Optiver’s investment portfolio includes companies from around the world and across the full spectrum of the capital markets. Some of the notable investments in their portfolio include BUX, Gatsby, Equiduct, Options AI, Paradigm, ODEX, Sharegain, Pyth, Sk3w, Hidden Road Partners, MEMX, Ampersan, Ideal, Traxys, Miax Exchange Group, and Osaka Digital Exchange.

Overall, Optiver’s principal strategic investments team offers expertise, experience, and resources to companies aligned with their core mission of improving the market. Their investments span across various sectors and regions, and they actively seek investment opportunities closely linked to their core market-making business.

Top 5 Funded Traders - Bestfxbrokers.com (3)

How many traders get funded?

On average, approximately 4% of traders pass the challenges set by proprietary trading firms to receive funding. However, out of those traders who are funded, only around 1% are able to maintain their funded accounts for a significant period.

What is a Funded Account?

In the context of prop trading, a funded account refers to a trading account that is provided to a trader by a proprietary trading firm (prop firm) to execute trades using the firm’s capital. It differs from a personal trading account, which is funded with the trader’s capital.

The benefits of a funded account for traders are as follows:

Access to capital: Traders with funded accounts can access an enormous amount of trading capital than they might have on their own, enabling them to take advantage of potentially more immense trading opportunities.
Risk management: Prop firms typically have risk management protocols in place to protect both the trader and the firm. They often provide risk controls, such as position limits and stop-loss orders, to help manage and mitigate trading risks.
Profit sharing: Many prop firms offer profit-sharing arrangements, where traders receive a percentage of the profits generated from their trades. This incentivizes traders to perform well and allows them to earn significant income potentially.

Free-Funded Forex Account Without Deposit

In general, the concept of free-funded forex accounts without requiring an initial deposit is quite rare. Most reputable forex trading platforms and firms need traders to deposit their capital to open and fund a trading account.

While it’s possible to come across promotions or offers that advertise “no deposit” or “free” forex accounts, it’s essential to exercise caution as they may often involve specific terms and conditions that can make them less favorable for traders. These conditions may include limitations on withdrawals, high trading volume requirements, or additional fees.

It’s always advisable to carefully read and understand the terms and conditions associated with any “free” funded forex account offer before proceeding.

Trading Strategy

Having a trading strategy is crucial in the field of trading for several reasons:

Consistency: A trading strategy provides a structured approach to trading, allowing traders to make consistent and informed decisions rather than relying on impulsive or emotional responses.
Risk Management: A well-defined trading strategy helps traders manage risk by setting straightforward entry and exit points, determining position sizes, and implementing stop-loss orders.
Objective Decision Making: A trading strategy eliminates the influence of emotions, biases, or random factors by providing a predefined set of rules for entering and exiting trades.

Some common types of trading strategies include:

Trend Following: This strategy involves identifying and trading in the direction of a prevailing market trend, aiming to capitalize on continuations and riding market momentum.
Breakout Trading: Breakout strategies involve entering trades when the price breaks through a significant support or resistance level, with the expectation that the price will continue to move in the breakout direction.
Mean Reversion: This strategy looks for opportunities where the price has deviated from its average or historical levels, anticipating a reversion to the mean.

Developing and implementing a successful trading strategy requires:

Research and Backtesting: Conduct thorough research on the strategy, backtest it using historical data, and analyze the performance to assess its viability.
Define Entry and Exit Rules: Clearly define the conditions that indicate when to enter a trade and when to exit, including target profit levels and stop-loss orders.
Risk Management: Determine the appropriate position sizing, risk per trade, and risk-reward ratio to ensure that potential losses are controlled and consistent with your risk tolerance.
Regular Review and Evaluation: Continuously monitor and evaluate the performance of your trading strategy, making necessary adjustments and improvements as needed.

Trading Skills

Technical Analysis: Analyzing price charts and indicators to identify patterns, trends, and support/resistance levels.
Fundamental Analysis: Assessing economic, financial, and geopolitical factors that impact the markets and individual assets.
Risk Management: Employing strategies to control and mitigate trading risks, including position sizing and setting stop-loss orders.
Emotional Control: Managing emotions, such as fear and greed, to make rational trading decisions and avoid impulsive actions.

Traders can enhance their skills through:

Practice: Actively trading in simulated or demo accounts to gain hands-on experience and refine their strategies.
Education: Enroll in trading courses, attend webinars, and read books and articles to gain knowledge and insights into different trading techniques.
Experience: Gained real-life trading experience, learned from mistakes, analyzed trades, and continuously improved strategies.

Developing these skills takes time and requires a combination of disciplined practice, continuous learning, and reflecting on past trading performances.

Trading Style

Different trading styles include:

Trading Style	Definition	Characteristics
Day Trading	Buying and selling assets within a single trading day to take advantage of short-term price fluctuations.	Requires active and frequent monitoring of the market. Trades are typically closed before the end of the day.
Swing Trading	Holding positions for a few days to several weeks to capture medium-term price movements.	Focuses on capturing price swings in the market. Requires less time commitment compared to day trading.
Position Trading	Holding positions for weeks to months, focusing on long-term trends and fundamental analysis.	Involves a longer time horizon and requires patience. Typically, less frequent trading activity.

Choosing a trading style:

Consider your time availability, risk tolerance, and personal preferences.
Match your trading style with your trading goals and strategy.
Experiment and adapt as you gain experience and learn what works best for you.

Risk Management and Trading Plan Education: The importance of risk management

It is essential for preserving capital and reducing potential losses.
Helps in maintaining consistency and avoiding impulsive decisions.
Mitigates the impact of unforeseen market events.

Risk management techniques:	Developing a trading plan:
Position sizing: Determining the appropriate amount of capital to allocate to each trade based on risk tolerance.	Set risk tolerance: Determine the maximum acceptable loss per trade or overall portfolio.
Setting stop-loss orders: Placing orders to automatically exit a trade at a predetermined price level to limit potential losses.	Define entry and exit points: Establish clear criteria for entering trades and setting profit targets.
Diversification: Spreading risk by trading multiple assets or across different markets.	Manage positions: Monitor and adjust stop-loss levels; consider trailing stops or scaling in/out of positions.
Risk-reward ratio: Assessing potential gains versus potential losses before entering a trade.	Regularly review and update the trading plan based on market conditions and performance.

Instant Funding Program

Offer traders the opportunity to access capital from prop trading firms to trade with without the need for significant upfront investment.
Allow traders to keep a portion of the profits made from trading, with the rest going to the funding firm.

Qualification process and requirements:

Typically requires passing a trading evaluation designed to assess trading skills, risk management, and discipline.
Usually involves meeting minimum profit targets, adhering to risk management rules, and following specific trading guidelines.

Reputable firms that offer instant funding programs:

TopstepFX, OneUp Trader, and Earn2Trade are a few examples of firms that offer such programs.
Benefits include access to trading capital, risk management, and education support, and the potential to earn a share of profits made from trading.

News Trading

Involves taking advantage of market volatility and price movements that result from significant news events and announcements.
Relevant in financial markets as news can impact asset prices and create trading opportunities.

Strategies and techniques in news trading:

Trading economic data releases: Trading before, during, or after the release of critical economic indicators.
Trading central bank announcements: Adjusting positions based on announcements related to interest rates, monetary policy, or economic outlook.

Risks and challenges of news trading:

Market volatility and fast price movements can lead to slippage or execution delays.
Difficulty in accurately predicting market reactions to news events.
High-speed trading environment requiring quick decision-making.

Tips for managing risks and challenges:

Use stop-loss orders to protect against adverse price moves.
Stay updated on news calendars and focus on high-impact events.
Practice with more minor positions or demo accounts before committing to live trades.
Maintain discipline and emotion control to minimize impulsive decisions.

Evaluation Process

Traders typically go through a performance evaluation before receiving a funded trading account.
Criteria such as trading profits, risk management, consistency, and adherence to trading rules are used to assess performance.
Common challenges/tests include meeting profit targets, displaying risk management skills, and adhering to specific trading guidelines.

Payout System

Prop trading firms distribute profits to traders based on a payout system.
Different payout structures include profit sharing or fixed percentages of the profits made by traders.
Variation in payout systems may depend on factors like the trader’s experience, performance, or risk level.

What are the Usual Minimum Trading Days ATD?

Traders at prop trading firms typically have a minimum trading day requirement.
Trading days are significant in evaluating traders’ performance and consistency.
Variations in the minimum trading days requirement may exist based on factors such as trader experience, profitability, or risk management skills.

Is There Any Challenge or Test to Pass Before Getting a Real Account?

Traders may need to pass challenges or tests before getting a real trading account.
These challenges assess traders’ skills, knowledge, and ability to perform under real market conditions.
Tips for success: thorough preparation, practicing with demo accounts, studying market trends, and adhering to risk management principles.

What is the Max Funded Capital per Trader?

The maximum funded capital allocated to individual traders varies among different prop trading firms.
Each firm has its own specific limits or criteria for determining the maximum funded capital per trader.
Factors that can impact the allocation of funds include trader experience, profitability, risk management skills, and performance evaluation.

Free 1-on-1 Performance Coaching

Prop trading firms offer free 1-on-1 performance coaching to traders.
Performance coaching aims to improve traders’ skills, mindset, and overall trading performance.
Reputable firms or platforms that offer this service include Maverick Trading and T3 Trading Group.

What is the Maximum Account Size a Trader Can Get?

The maximum account size can vary among prop trading firms.
Factors such as trading experience, track record, and proprietary trading firm policies can influence the maximum account size.
Limitations or considerations may exist, such as risk management policies, profit-sharing arrangements, or capital allocation strategies.

Standard Challenge

A standard challenge is part of the evaluation process for funded trading accounts.
It has specific requirements, rules, and objectives set by the prop trading firm.
Tips for success: thorough preparation, analyzing market trends, implementing effective risk management, and adhering to the evaluation criteria.

FAQ

Do I Have to Wait Until I Reach the Profit Target to Be Eligible for Payouts?

Traders may need to reach a profit target to become eligible for payouts. Alternative criteria, such as meeting risk management rules or maintaining a certain account balance, may also determine eligibility. Variations may exist among firms regarding the timing or specific criteria for payouts.

What Are the Rules to Scale Up My Account?

To scale up a funded trading account, traders need to follow specific rules and conditions. Factors like trading performance, profitability, risk management, and consistency play a crucial role in the scaling process. Traders should focus on maintaining a consistent track record of profitable trades, managing risk effectively, and demonstrating their ability to meet performance targets. Developing a robust trading strategy and continuously refining their skills can also help traders successfully scale up their accounts.

How Do I Become a Funded Forex Trader?

Research and identify prop trading firms. Apply through their application process, providing a resume and trading track record and completing an evaluation. Criteria include trading experience, risk management skills, performance consistency, and profitability. Increase chances by understanding forex markets, developing a profitable strategy, and showcasing trading skills.

How Much Does a Funded Forex Trader Make?

The income of funded forex traders can vary based on several factors. Trading performance plays a significant role, as successful traders who generate consistent profits have the potential to earn higher incomes. Profit-sharing arrangements between traders and prop trading firms can also impact earnings. Additionally, the size of the funded trading account can influence income levels. It is essential to note that income can vary significantly among traders and depends on individual trading strategies, risk management, and market conditions.

What is the Income of Foreign Currency Traders?

The income of foreign currency traders can vary based on market scenarios. In general, experienced and skilled traders have the potential to earn higher incomes. The income range can vary significantly, with some traders earning modest incomes while others can make substantial profits. Profit-sharing arrangements or payout structures between traders and prop trading firms can also impact earnings. These arrangements can differ, with some firms offering a percentage of the profits generated by the trader. It is important to note that income can vary based on individual trading performance, risk management, and market conditions.