Forex trading is a lucrative opportunity for those who are well-versed in the market and have a good understanding of trading strategies. However, not everyone has the financial resources to start trading on their own. This is where funded programs and platforms come in. Funded programs and platforms are a way for traders to start trading with a larger account size, without having to put up their own capital. In this article, we will take a look at some of the top funded programs and platforms available for forex traders.
1. TopstepFX
TopstepFX is a well-known funded trading program that provides traders with the opportunity to trade with a funded account. Traders must pass a trading evaluation before being granted access to a funded account. The evaluation consists of two phases – the first phase is a simulated trading account, and the second phase is a live trading account. Traders who successfully complete the evaluation are given a funded account with a maximum account size of $500,000. The program charges a fee for the evaluation, but traders can keep up to 80% of their profits.
2. FTMO
FTMO is another popular funded trading program that offers traders the opportunity to trade with a funded account. Traders must pass a trading evaluation before being granted access to a funded account. The evaluation consists of two phases – the first phase is a simulated trading account, and the second phase is a live trading account. Traders who successfully complete the evaluation are given a funded account with a maximum account size of $100,000. The program charges a fee for the evaluation, but traders can keep up to 70% of their profits.
3. Gauntlet Mini™ Program by Earn2Trade
The Gauntlet Mini™ Program by Earn2Trade provides traders with the opportunity to trade with a funded account. Traders must pass a trading evaluation before being granted access to a funded account. The evaluation consists of two phases – the first phase is a simulated trading account, and the second phase is a live trading account. Traders who successfully complete the evaluation are given a funded account with a maximum account size of $25,000. The program charges a fee for the evaluation, but traders can keep up to 80% of their profits.
4. OneUp Trader
OneUp Trader is a funded trading program that provides traders with the opportunity to trade with a funded account. Traders must pass a trading evaluation before being granted access to a funded account. The evaluation consists of two phases – the first phase is a simulated trading account, and the second phase is a live trading account. Traders who successfully complete the evaluation are given a funded account with a maximum account size of $250,000. The program charges a fee for the evaluation, but traders can keep up to 80% of their profits.
5. Maverick Trading
Maverick Trading is a funded trading program that provides traders with the opportunity to trade with a funded account. Traders must pass a trading evaluation before being granted access to a funded account. The evaluation consists of two phases – the first phase is a simulated trading account, and the second phase is a live trading account. Traders who successfully complete the evaluation are given a funded account with a maximum account size of $300,000. The program charges a fee for the evaluation, but traders can keep up to 70% of their profits.
Conclusion
Funded trading programs and platforms provide traders with a great opportunity to start trading with a larger account size. However, it is important to remember that these programs charge a fee for the evaluation, and traders must pass the evaluation before being granted access to a funded account. Traders should do their due diligence and research each program before deciding which one is right for them. By taking advantage of these funded programs and platforms, traders can increase their chances of success in the forex market.
