There are numerous advantages of funded trading accounts. If you like to do trading and you are afraid of getting a loss then funding trading accounts are the best option for you. Here is how?
Funded trading programs provide you with the opportunity to trade to make profit with enough leverage. It is a program that allows traders to gain profit by trading capitals of other companies without causing any damage to that company. Two companies having these programs do partnership with each other so both the parties can get benefits. Both the traders then share the profits after achieving the goals.
How to get started with funded trading?
Trading is easy for most of the people these days but understanding the concept and working of funded trading is quite the task. Most of the people are still trying to learn about how to manage their money and trading. Here is how people can learn about funded trading by
- Online educating traders
To start trading you also need a reliable trader and partner company that is offering funding accounts.
It presents itself as a company that is providing traders with the money they need for trading. It’s not a broker according to the complete definition. Main task of FTMO is to find a professional trader so that they can transfer investors money to use instead of their own money.
Useful services provided by FTMO includes:
- Economic calendar is very useful in trading as important releases are already marked on it.
- Statistical application shows market behavior and significant numericals.
- Trades magazines are present on which results of previous trades are given so that you can learn.
- Performance coach helps you in trading.
Other best funded trader accounts:
Some of the top funded trader accounts include:
- Topstep Trader
- Earn 2 Trade
- Maverick Trading
Topstep traders is one of the companies that do prop trading. International unique firm which is registered in the USA. Topstep forex brokers have been providing good trading conditions for clients. They provide a minimum deposit of 1$. Leverage rate of 1:100 is available. Providing two types of accounts: stimulator account and real funded account.
Earn 2 trade:
It is a funded trading program that provides three different programs.
The Gauntlet Program
The Gauntlet Mini
The all-new Trader Career Path
In the case of the Gauntlet program one time payment is required. Traders manage 25,000$ virtual accounts for 60 days. The Gauntlet mini program includes Topstep futures or Topstep forex. You have to pay a monthly fee and must follow guidelines
As compared to other funded traders The5ers have totally different strategies. They fund each funded account with real money. It includes all tradable securities including all forex majors. The5ers split the profit with a ratio of 50:50 with their members. To achieve the level 1 program of this funded trading, traders have to complete the profit target between 10% to 25%. MetaTrader 5 is used as a trading platform. Range of participation fee is 275$ to 875$.
It is one of the top companies in the trading world. You can even work with mavericks if you have no previous experience of trading. As professional traders or robo traders will guide you throughout your trading. They are providing webinars and trading during weekdays so people can improve their skills and knowledge. You can join maverick trading after proving your trustworthiness and reliability.
Comparison between FTMO and other funded trader accounts:
Here is a comparison table between FTMO and other best funder trader accounts according to the ranking.
|FTMO||Topstep trader||Earn 2 trade||The5ers||Maverick trading|
|Used best for||Experienced traders.||New in trading||Professional trader||Traders using MetaTrader 5||Active traders|
|Trial days||14 days||14 days||15 days||No trial days||Not available|
|Markets||Forex, indices, commodities, stocks, crypto||Futures||Futures||Forex, metals, and indices||Futures, stocks, and options|
Now you have complete review in front of yourself you can easily select the one for yourself.