When seeking to find firms offering capital to traders upon successfully passing evaluations, it’s crucial to explore firms that have established themselves as reputable funding platforms within the trading world. These firms are highly regarded for offering financial backing to talented traders, providing them with the opportunity to manage larger capital without risking their own funds.
The process generally involves passing an evaluation phase, where traders must demonstrate their skills, strategies, and consistency in profitable trading. Upon successful completion of the evaluation, traders are then offered a funded trading account, which allows them to trade with the firm’s capital. In this article, we will discuss some of the top-funded trading accounts and how they work.
Top Funded Trading Firms
FTMO
FTMO is one of the most well-known firms in the industry, offering a popular evaluation process for traders to prove their skills. The firm offers generous profit splits (up to 90% for the trader) and has become a favorite for many in the trading community. To get funded, traders must pass a two-step evaluation process, where they showcase their ability to trade profitably under certain risk management conditions.
Topstep
Topstep is another highly regarded firm offering a funded account program. Topstep’s evaluation process is rigorous, but it gives traders an excellent chance to prove their skills. Their “Trader Development Program” gives traders the tools and support they need to succeed. After passing the evaluation, traders are provided with a funded account and can keep a significant percentage of the profits. Their flexibility in risk management and wide range of trading instruments make them a popular choice.
The 5%ers
The 5%ers is a firm that focuses on offering traders access to a funded account after passing their evaluation process. Unlike many firms that require traders to meet specific targets in a short period, The 5%ers allows traders to work with longer timeframes to meet the performance objectives. This is ideal for those who prefer a more relaxed trading style. The firm also offers funding that increases gradually as the trader’s performance improves.
Earn2Trade
Earn2Trade offers a unique program called the “Gauntlet” that allows traders to demonstrate their ability to manage risk and trade profitably.. The firm’s evaluation is one of the more affordable options, making it a great choice for those just starting out. They also offer educational resources to help traders develop their skills.
Maverick Trading
Maverick Trading is a proprietary trading firm that offers traders the chance to work with large amounts of capital once they pass their evaluation. The firm provides training and mentorship programs, allowing traders to refine their strategies before moving to live accounts. They also provide a flexible risk management approach that helps traders achieve consistent results.
How Does the Evaluation Process Work?
Each of these firms follows a similar model. Typically, traders must go through a simulated trading evaluation where they must reach specific profit targets while adhering to strict risk management guidelines. The evaluation process tests the trader’s ability to handle different market conditions and their overall trading discipline.
For example, a firm may set a profit target of 10% over a period of 30 days. The trader is also given a daily loss limit, which ensures that they don’t take excessive risks. Traders who succeed in meeting the profit targets without exceeding the loss limits are typically granted a funded account.
Risk Management and Profit Sharing
One of the most attractive aspects of trading with these funded accounts is the profit-sharing model. Firms usually provide traders with a substantial portion of the profits, often around 70% to 90%, while the firm retains the rest.
Moreover, risk management is emphasized in most of these funding programs. Traders are required to follow strict guidelines to avoid significant losses. If a trader violates these guidelines (such as exceeding a certain drawdown level), they risk losing their evaluation status or the funded account.
Key Benefits of Funded Trading Accounts:
No Personal Capital Required:
Traders don’t have to risk their own money, making it an attractive option for those who want to trade professionally but don’t have sufficient capital to start.
Profit Potential:
With a funded account, traders can earn a significant portion of the profits, providing them with substantial financial rewards for their success.
Support and Education:
Many firms provide mentorship, educational resources, and community support to help traders grow their skills and improve their performance.
Scalability:
As traders prove their ability, many firms increase the funding, giving traders the chance to manage even larger amounts of capital and grow their trading businesses.
For those who want to access the capital to trade professionally without using their own funds, these firms offering funded trading accounts present a great opportunity. By passing their evaluations and adhering to risk management guidelines, traders can access substantial capital, potentially earning high returns. Whether you’re a novice trader or an experienced one looking for additional opportunities, these funded trading firms provide a viable and lucrative pathway into professional trading.
