THE PLATINUM FUNDED TRADER PROGRAMME, funded trading accounts forex.

Funded trading accounts forex


Not liable for account losses committed partnership. Unparalleled connection.

Huge forex bonuses


THE PLATINUM FUNDED TRADER PROGRAMME, funded trading accounts forex.


THE PLATINUM FUNDED TRADER PROGRAMME, funded trading accounts forex.


THE PLATINUM FUNDED TRADER PROGRAMME, funded trading accounts forex.

The platinum trading academy is famous for turning regular everyday traders into profitable professionals, we believe ourselves to be the best at what we do. We trade a number of currencies, commodities, indices, and other asset classes on a number of exchanges with our own trading capital. We do not control any client funds. When you join us, it is strictly in a partnership capacity. We do not give out trading advice. Our academy teaches people various trading strategies that we have used successfully over many years so that people may use these trading strategies for themselves. We believe first and foremost in honesty and absolute transparency in the markets.


THE PLATINUM FUNDED TRADER PROGRAMME


The platinum trading academy is famous for turning regular everyday traders into profitable professionals. If you have the ambition, discipline, and patience to succeed, then you are the perfect candidate for our platinum funded trader programme!


Exclusive to residents of the UK, USA, europe, and australia


FAST TRACK

YOUR FOREX


With the current economic climate, starting a career trading within a bank or financial institution is incredibly difficult. We are firm believers in the ability of retail traders around the world, and want to do everything we can to support the next generation of trading elites. We believe the future of trading is in you!


WE BELIEVE IN

DETERMINATION


At platinum, we believe in determination. We are searching for ambitious, determined individuals, looking to expand their trading portfolio and enhance their trading skills to the next level.


Why join the platinum trading team?


Trading account, fully funded


Not liable for account losses


Exclusive professional trading system


Apply now and open your new fully-funded account!


Exclusive to residents of the UK, USA, europe, and australia


CEO, platinum trading academy


Trading account, fully funded


Once approved, you’ll receive your fully funded trading account within minutes. From £10,000 to £2,000,000*


Fair profit share


Our partnership is an even 50-50 split, we provide the capital, you provide the trading. Simple.


Exponential growth


Each time you reach your target, we’ll double the size of your trading account on the spot.


Committed partnership. Unparalleled connection. The platinum trading academy is famous for turning regular everyday traders into profitable professionals, we believe ourselves to be the best at what we do. We trade a number of currencies, commodities, indices, and other asset classes on a number of exchanges with our own trading capital. We do not control any client funds. When you join us, it is strictly in a partnership capacity. We do not give out trading advice. Our academy teaches people various trading strategies that we have used successfully over many years so that people may use these trading strategies for themselves. We believe first and foremost in honesty and absolute transparency in the markets.


TESTIMONIALS


Diversification


Traders draw strength from diversity. No matter your history or background, you are welcome in the platinum family. A large variation in experience is proven to enhance performance and results.


Information


Our information is shared, our expert traders are constantly watching the markets for new opportunities to trade, as well as keeping an ear to the ground for the latest market news events.


Longevity


As an organisation, we’re determined to create long-lasting relationships with our traders by ensuring they have the best tools available in the markets to thrive and be successful.


Respect


We treat everyone the way we’d want to be treated, with the utmost kindness and respect. Positivity breeds positivity, which breeds success. Be kind, and the universe will respond in kind.



The best funded trader program of 2021


Funded trading accounts offer the best of both worlds. You can make money doing something you love, while at the same time not risking any of your capital. A funded trader program is especially appropriate for beginners. But what is the best funded trader program? Let's go through the list of all providers, their pros and cons.


Best Funded Trader Program


Transparency: we may get compensated when you click on links in this article.


Best funded trader programs



  • Best for trading futures: topsteptrader

  • Best for trading forex: topstepfx

  • Best newcomer: earn2trade


What makes a good funded trader program?


Good funded trader programs help you to get started by offering education, webinars, and support. At the same time, excellent institutional-grade trading platforms and trustworthy funded trading account partners are important.


Are funded trader accounts worth it?


The main benefit of funded trader accounts is the limited risk factor. There is a small monthly fee for real-time data and the platform. In return, you gain access to a funded account once you proved that you have the right skills needed to be successful. Once you got funded, you keep up to 80% of the profit and request a payout to your checking account.


7 best funded trader programs


1. Topsteptrader


As an industry leader and one of the fastest-growing companies in the united states, topsteptrader has the brand-power and reputation that traders trust. To participate in its funded account program, you first need to complete the trading combine. Here, you enter a real-time simulated futures account with $30,000 to $150,000 of paper currency to test if you're ready for the real thing.



  • You can apply the software, make profits and control against large drawdowns

  • You show consistent profitability and manage risk in the process

  • Complete steps 1 and 2 in at least 15 days



Other requirements include:



  • You meet your accounts profit targets

  • You only trade permitted products during permitted times

  • You do not hit or exceed the daily loss limit

  • You do not hold positions into major economic releases

  • You follow topsteptraders scaling plan



So let's assume you have what it takes. Once you complete the trading combine, you enter the funded trader program. Here, the topsteptrader team allocates capital to your account and lets you trade in real-time with zero personal risks.


So what happens when you start trading?



  • You keep your first $5,000 in profits and 80% thereafter

  • You can expand your asset-base to include trading EUREX products

  • You can withdraw your profits at any time, and there is no wire fee for withdrawals over $500

  • Your trades have zero commissions and zero clearing fees using tstrader.



Topsteptrader discloses the official company name and address on their website: topsteptrader, LLC, 130 south jefferson suite 200, chicago, illinois 60661.


We recommend starting with the free trial topsteptrader provides.


Limited time offer



  • Topsteptrader 20% discount (automatic discount on all account sizes - ignore the popups on their site, my automatic discount is higher)



For a detailed look at the entire service, check out our complete topsteptrader review.


TopStepTrader Funded Trader Program


2. Topstepfx


Currency specialists rejoice, this one's for you. As the currency wing of topsteptrader above, topstepfx funded accounts have the same eligibility requirements. First, you need to complete the trading combine and demonstrate you can apply toptrader's software, implement a winning strategy and manage risk at the same time.


It's a necessary step to ensure that toptrader's capital is safe in your hands. Once you start trading, you keep your first $5,000 in profits and take home 80% of your winnings thereafter. You can also withdraw your profits at any time, and there is no wire fee for withdrawals over $500


Now, what separates topstepfx from topsteptrader?


Well, topstepfx funded account balances include buying power of up to $500,000.


And how is this done? In a word - leverage. Currency positions have leverage ratios as high as 100:1. Compared to topsteptrader, the excess leverage with topstepfx is extremely risky. However, as we mentioned, it's not your money.


With topstepfx financing the positions, you can always trade risk-free without worrying about reprisal. Keep in mind, you do need to prove your skills first. If you're a profitable currency trader that lacks the capital to make major moves, a topstepfx funded trader program may be just what you're looking for.


Topstepfx belongs to topsteptrader, and their company name, address and phone are visible on the website: topsteptrader, LLC 130 south jefferson suite 200 chicago, illinois 60661.


Limited time offer



  • Topstepfx 20% discount (automatic discount on all account sizes - ignore the popups on their site, my automatic discount is higher)



For a top-to-bottom rundown of all the service has to offer, see our topstepfx review.


TopStepFX Funded Trader Program


3. Earn2trade


Earn2trade offers two different funded trading programs. The gauntlet program and the gauntlet mini program.


The regular gauntlet program is focused on trading the futures market, where you manage a $25,000 virtual account for 60 days. During this time, you have to trade at least 30 calendar days and once per week. Your target is to reach the 10% profit target and never hit the 10% maximum drawdown.


Successful candidates receive a guaranteed funding offer from their partner helios trading partners.


The new gauntlet mini is a program similar to topsteptrader and oneup trader. You pay a monthly fee, and you have to trade according to the rules. Trading lessons, webinars, and access to journalytix (TM) are included in the monthly price.


After completion, you receive an offer for a funded trading account. Both programs come with an 80%/20% profit split, where you keep the 80%.


The company behind is earn2trade LLC, with a registered office in 30 N gould st. STE 4000, sheridan, WY 82801.


Limited time offer



  • Earn2trade 50% discount on the 50k account, 20% discount on any other account sizes.



You find all details and a platform walk-through in the comprehensive earn2trade review.


Earn2Trade Review


Let's get it straight, the list of the best funded trader programs already ends after the top 3. Topsteptrader, topstepfx and earn2trade programs begin at about $100 per month. All of the following funded trading account providers offer educational packages along with a potential option to let you trade a funded account at some given time.


Those vendors ask you to pay prices from $2,000 all the way up over $15,000, and some of them do not reveal their company address.


If you are looking for a funded trader account with an excellent price-performance ratio, you may focus on the top 3:



  1. Topsteptrader (futures trading) topsteptrader free trial or 20% off (automatic discount at the checkout - ignore the popups on their site, my automatic discount is higher)

  2. Topstepfx (forex trading) topstepfx 20% discount (automatic discount at the checkout - ignore the popups on their site, my automatic discount is higher)

  3. Earn2trade (futures trading) earn2trade 20%-40% discount (discout applied automatically).



4. Oneup trader


Whether if you just starting out or a seasoned professional, onup trader offers a platform where you can showcase your skills and make some money along the way.


There are two steps to get started:



  • Get evaluated

  • Get funded



The evaluation process begins with oneup's trading evaluation program. The team puts you through a real-time day trading simulator where you can trade, track, measure and showcase your abilities.


Once you pass the evaluation, you get introduced to oneup's funding partners. Once you start trading, the first $8,000 in profits are yours to keep, and after that, you take home 80% of all winnings.


What are some other benefits?



  • Choose funding options from $25,000 up to $250,000

  • Simplified funding goals with no hidden fees or fine print

  • Trade from home, your favorite coffee shop or wherever you want

  • Advanced analytics and data that help you become more successful

  • Discuss, collaborate and share ideas with one-up trader's community members

  • Full transparency and disclosure regarding all services and requirements



Unfortunately, oneup trader does not disclose any information about the company and their address and contact data on the website. Also, there is no information available on what company will fund your account and how many traders got funded so far.


The oneup trader review covers every detail about the funded accounts, but again, the missing information about the company details and ways to contact them should let you become more cautious.


5. Maverick trading


As one of the top prop trading firms out there, maverick trading offers the opportunity to learn from its experts and - if you have what it takes - join the firm as a full-time trader.


Specializing in equities, options and forex, the team offers support, technology and training that help you every step of the way.


So how do you get funded?



  • Submit your application

  • Improve your skills using maverick's trading simulators, tests and strategy courses

  • Prove your skills by showing you can implement the trading plan, manage risk and produce profits

  • Receive a funded account where you keep 70-80% of your profits and get paid every month.



Through its dedicated team, maverick trading promotes diversity, respect and transparency.


Before officially joining the firm, the team will outline all expectations as well as discuss the inherent risks of day trading.


Compared to the top three above, the pricing is significantly higher since they include more extensive education in their program costs. You need about $6,000 to get started and you need to put $5,000 of your own funds at risk once you get funded.


For more information on what all that means, see the maverick trading review.


6. Try day trading


Trydaytrading can cost you more than $15,000! When you first begin the try day trading funded trader program, the team starts by outlining the two most important ways to reduce risk:



  • They assign a professional trading coach that teaches you how to trade

  • They provide access to try day trading's proprietary leading indicator software



They also offer a 30-day trial. Anyway, the 30-day trial costs you more than $400. A bit hefty for a trial period! And more than $15,000 for their main service seems to be too expensive. Remember, for that money, you could use topsteptrader's trading combine about 150 times!


There is no company name mentioned on their website, only the address in utah. The google reviews seem to be good at first, but clicking on the details you notice that a curious pattern.


The detailed try day trading review covers all of the bells and whistles.


7. Tradenet


Tradenet is not available to residents in the united states. With four pricing options, you can decide which tradenet funded trader program is right for you. Led by meir barak, the site states that it has educated over 30,000 students worldwide on how to become better traders.


All of the funded account programs come with a 14-day money-back guarantee. That way, you can test out the service risk-free before deciding if you want to continue on. The costs are relatively high compared to the competitors mentioned in this best funded trader program comparison.


Please, also keep in mind that tradenet does not offer those funded accounts themself. Instead, they connect you with investment firms once you purchased one of their educational packages.


I found various addresses; one is limassol cyprus, one in israel and the united kingdom.


If you're interested in learning more about tradenet's funded trader programs as well as its education courses and live trading chat room, check out our tradenet review.


Funded trader program summary


There's no doubt funded trader programs have plenty of benefits. Many providers offer exceptional service and can be a great addition to your trading toolkit. Whether it's access to advanced software or the idea of using someone else's money to trade - funded accounts offer a risk-free way to compete against the best.


More importantly, the knowledge you obtain is invaluable. Considering their own money is at stake, providers will do everything in their power to ensure you succeed. They don't want you draining their bankroll, right?


So what this means for you is:



  • Greater guidance,

  • Mentorship and

  • Coaching compared to other services.



As well, when competing in the arena, you're surrounded by other advanced traders. This will help you increase your skill-set and have you climbing up the ladder in no time.


When deciding between the options above, you really can't go wrong with most of them.


Topsteptrader is the market leader and receives our highest rating, followed by topstepfx, and earn2trade.


I am a bit undecided about maverick trading, tradenet, oneup trader and try day trading. The reason is that for some you have to pay between 2,000 and $16,000 to join their programs, some do not disclose any contact and company details.


Their prices are higher because they included extensive trading education courses in their funded trader programs. So it depends on you what you want to trade and what your focus is. If you are looking purely for a funded trader account, then topsteptrader and earn2trade are the best choices.


If you are looking for excellent education, then I recommend you to read my comprehensive best trading courses blog post. And if you really consider joining the expensive funded trader programs, then make sure to read the detailed reviews first.



The best funded trader program of 2021


Funded trading accounts offer the best of both worlds. You can make money doing something you love, while at the same time not risking any of your capital. A funded trader program is especially appropriate for beginners. But what is the best funded trader program? Let's go through the list of all providers, their pros and cons.


Best Funded Trader Program


Transparency: we may get compensated when you click on links in this article.


Best funded trader programs



  • Best for trading futures: topsteptrader

  • Best for trading forex: topstepfx

  • Best newcomer: earn2trade


What makes a good funded trader program?


Good funded trader programs help you to get started by offering education, webinars, and support. At the same time, excellent institutional-grade trading platforms and trustworthy funded trading account partners are important.


Are funded trader accounts worth it?


The main benefit of funded trader accounts is the limited risk factor. There is a small monthly fee for real-time data and the platform. In return, you gain access to a funded account once you proved that you have the right skills needed to be successful. Once you got funded, you keep up to 80% of the profit and request a payout to your checking account.


7 best funded trader programs


1. Topsteptrader


As an industry leader and one of the fastest-growing companies in the united states, topsteptrader has the brand-power and reputation that traders trust. To participate in its funded account program, you first need to complete the trading combine. Here, you enter a real-time simulated futures account with $30,000 to $150,000 of paper currency to test if you're ready for the real thing.



  • You can apply the software, make profits and control against large drawdowns

  • You show consistent profitability and manage risk in the process

  • Complete steps 1 and 2 in at least 15 days



Other requirements include:



  • You meet your accounts profit targets

  • You only trade permitted products during permitted times

  • You do not hit or exceed the daily loss limit

  • You do not hold positions into major economic releases

  • You follow topsteptraders scaling plan



So let's assume you have what it takes. Once you complete the trading combine, you enter the funded trader program. Here, the topsteptrader team allocates capital to your account and lets you trade in real-time with zero personal risks.


So what happens when you start trading?



  • You keep your first $5,000 in profits and 80% thereafter

  • You can expand your asset-base to include trading EUREX products

  • You can withdraw your profits at any time, and there is no wire fee for withdrawals over $500

  • Your trades have zero commissions and zero clearing fees using tstrader.



Topsteptrader discloses the official company name and address on their website: topsteptrader, LLC, 130 south jefferson suite 200, chicago, illinois 60661.


We recommend starting with the free trial topsteptrader provides.


Limited time offer



  • Topsteptrader 20% discount (automatic discount on all account sizes - ignore the popups on their site, my automatic discount is higher)



For a detailed look at the entire service, check out our complete topsteptrader review.


TopStepTrader Funded Trader Program


2. Topstepfx


Currency specialists rejoice, this one's for you. As the currency wing of topsteptrader above, topstepfx funded accounts have the same eligibility requirements. First, you need to complete the trading combine and demonstrate you can apply toptrader's software, implement a winning strategy and manage risk at the same time.


It's a necessary step to ensure that toptrader's capital is safe in your hands. Once you start trading, you keep your first $5,000 in profits and take home 80% of your winnings thereafter. You can also withdraw your profits at any time, and there is no wire fee for withdrawals over $500


Now, what separates topstepfx from topsteptrader?


Well, topstepfx funded account balances include buying power of up to $500,000.


And how is this done? In a word - leverage. Currency positions have leverage ratios as high as 100:1. Compared to topsteptrader, the excess leverage with topstepfx is extremely risky. However, as we mentioned, it's not your money.


With topstepfx financing the positions, you can always trade risk-free without worrying about reprisal. Keep in mind, you do need to prove your skills first. If you're a profitable currency trader that lacks the capital to make major moves, a topstepfx funded trader program may be just what you're looking for.


Topstepfx belongs to topsteptrader, and their company name, address and phone are visible on the website: topsteptrader, LLC 130 south jefferson suite 200 chicago, illinois 60661.


Limited time offer



  • Topstepfx 20% discount (automatic discount on all account sizes - ignore the popups on their site, my automatic discount is higher)



For a top-to-bottom rundown of all the service has to offer, see our topstepfx review.


TopStepFX Funded Trader Program


3. Earn2trade


Earn2trade offers two different funded trading programs. The gauntlet program and the gauntlet mini program.


The regular gauntlet program is focused on trading the futures market, where you manage a $25,000 virtual account for 60 days. During this time, you have to trade at least 30 calendar days and once per week. Your target is to reach the 10% profit target and never hit the 10% maximum drawdown.


Successful candidates receive a guaranteed funding offer from their partner helios trading partners.


The new gauntlet mini is a program similar to topsteptrader and oneup trader. You pay a monthly fee, and you have to trade according to the rules. Trading lessons, webinars, and access to journalytix (TM) are included in the monthly price.


After completion, you receive an offer for a funded trading account. Both programs come with an 80%/20% profit split, where you keep the 80%.


The company behind is earn2trade LLC, with a registered office in 30 N gould st. STE 4000, sheridan, WY 82801.


Limited time offer



  • Earn2trade 50% discount on the 50k account, 20% discount on any other account sizes.



You find all details and a platform walk-through in the comprehensive earn2trade review.


Earn2Trade Review


Let's get it straight, the list of the best funded trader programs already ends after the top 3. Topsteptrader, topstepfx and earn2trade programs begin at about $100 per month. All of the following funded trading account providers offer educational packages along with a potential option to let you trade a funded account at some given time.


Those vendors ask you to pay prices from $2,000 all the way up over $15,000, and some of them do not reveal their company address.


If you are looking for a funded trader account with an excellent price-performance ratio, you may focus on the top 3:



  1. Topsteptrader (futures trading) topsteptrader free trial or 20% off (automatic discount at the checkout - ignore the popups on their site, my automatic discount is higher)

  2. Topstepfx (forex trading) topstepfx 20% discount (automatic discount at the checkout - ignore the popups on their site, my automatic discount is higher)

  3. Earn2trade (futures trading) earn2trade 20%-40% discount (discout applied automatically).



4. Oneup trader


Whether if you just starting out or a seasoned professional, onup trader offers a platform where you can showcase your skills and make some money along the way.


There are two steps to get started:



  • Get evaluated

  • Get funded



The evaluation process begins with oneup's trading evaluation program. The team puts you through a real-time day trading simulator where you can trade, track, measure and showcase your abilities.


Once you pass the evaluation, you get introduced to oneup's funding partners. Once you start trading, the first $8,000 in profits are yours to keep, and after that, you take home 80% of all winnings.


What are some other benefits?



  • Choose funding options from $25,000 up to $250,000

  • Simplified funding goals with no hidden fees or fine print

  • Trade from home, your favorite coffee shop or wherever you want

  • Advanced analytics and data that help you become more successful

  • Discuss, collaborate and share ideas with one-up trader's community members

  • Full transparency and disclosure regarding all services and requirements



Unfortunately, oneup trader does not disclose any information about the company and their address and contact data on the website. Also, there is no information available on what company will fund your account and how many traders got funded so far.


The oneup trader review covers every detail about the funded accounts, but again, the missing information about the company details and ways to contact them should let you become more cautious.


5. Maverick trading


As one of the top prop trading firms out there, maverick trading offers the opportunity to learn from its experts and - if you have what it takes - join the firm as a full-time trader.


Specializing in equities, options and forex, the team offers support, technology and training that help you every step of the way.


So how do you get funded?



  • Submit your application

  • Improve your skills using maverick's trading simulators, tests and strategy courses

  • Prove your skills by showing you can implement the trading plan, manage risk and produce profits

  • Receive a funded account where you keep 70-80% of your profits and get paid every month.



Through its dedicated team, maverick trading promotes diversity, respect and transparency.


Before officially joining the firm, the team will outline all expectations as well as discuss the inherent risks of day trading.


Compared to the top three above, the pricing is significantly higher since they include more extensive education in their program costs. You need about $6,000 to get started and you need to put $5,000 of your own funds at risk once you get funded.


For more information on what all that means, see the maverick trading review.


6. Try day trading


Trydaytrading can cost you more than $15,000! When you first begin the try day trading funded trader program, the team starts by outlining the two most important ways to reduce risk:



  • They assign a professional trading coach that teaches you how to trade

  • They provide access to try day trading's proprietary leading indicator software



They also offer a 30-day trial. Anyway, the 30-day trial costs you more than $400. A bit hefty for a trial period! And more than $15,000 for their main service seems to be too expensive. Remember, for that money, you could use topsteptrader's trading combine about 150 times!


There is no company name mentioned on their website, only the address in utah. The google reviews seem to be good at first, but clicking on the details you notice that a curious pattern.


The detailed try day trading review covers all of the bells and whistles.


7. Tradenet


Tradenet is not available to residents in the united states. With four pricing options, you can decide which tradenet funded trader program is right for you. Led by meir barak, the site states that it has educated over 30,000 students worldwide on how to become better traders.


All of the funded account programs come with a 14-day money-back guarantee. That way, you can test out the service risk-free before deciding if you want to continue on. The costs are relatively high compared to the competitors mentioned in this best funded trader program comparison.


Please, also keep in mind that tradenet does not offer those funded accounts themself. Instead, they connect you with investment firms once you purchased one of their educational packages.


I found various addresses; one is limassol cyprus, one in israel and the united kingdom.


If you're interested in learning more about tradenet's funded trader programs as well as its education courses and live trading chat room, check out our tradenet review.


Funded trader program summary


There's no doubt funded trader programs have plenty of benefits. Many providers offer exceptional service and can be a great addition to your trading toolkit. Whether it's access to advanced software or the idea of using someone else's money to trade - funded accounts offer a risk-free way to compete against the best.


More importantly, the knowledge you obtain is invaluable. Considering their own money is at stake, providers will do everything in their power to ensure you succeed. They don't want you draining their bankroll, right?


So what this means for you is:



  • Greater guidance,

  • Mentorship and

  • Coaching compared to other services.



As well, when competing in the arena, you're surrounded by other advanced traders. This will help you increase your skill-set and have you climbing up the ladder in no time.


When deciding between the options above, you really can't go wrong with most of them.


Topsteptrader is the market leader and receives our highest rating, followed by topstepfx, and earn2trade.


I am a bit undecided about maverick trading, tradenet, oneup trader and try day trading. The reason is that for some you have to pay between 2,000 and $16,000 to join their programs, some do not disclose any contact and company details.


Their prices are higher because they included extensive trading education courses in their funded trader programs. So it depends on you what you want to trade and what your focus is. If you are looking purely for a funded trader account, then topsteptrader and earn2trade are the best choices.


If you are looking for excellent education, then I recommend you to read my comprehensive best trading courses blog post. And if you really consider joining the expensive funded trader programs, then make sure to read the detailed reviews first.



Forex trading accounts


To trade online, you need to open a forex trading account. When you sign up, you will likely have to choose among several account types. The best forex trading accounts are those that suit your personal needs perfectly. On this page, we look at the forex trading account options you have. We also discuss ways in which these account options will impact your trading performance. You will learn:



  • Which is the best forex trading account?

  • Account types. What is a standard account, a funded account, a mini/micro account, a managed account, etc?

  • Geographic account type considerations.



Below are the best forex trading accounts in your location:


The top 5 forex trading accounts in the united kingdom


Opening a forex trading account


What do you need to consider when opening a new forex trading account?



  • The brokerage firm. Is it reputable or is it a known scammer?

  • The services the brokerage firm offers.

  • Costs and incentives involved.

  • The account type that best suits your needs.



Once you have gotten these issues sorted, there is 3 step process for opening an account:



  1. Fill out the application forms and provide the information your broker requires.

  2. Fund your account.

  3. Start looking for investment opportunities.



When you select a brokerage firm, you take all these factors into account. You need to know whether your would-be broker is a trustworthy destination for traders. Though fewer these days, rogue operations still exist. Creating a real money account with such a broker is flushing money down the toilet.


You also need to know what incentives your broker offers. Match up these incentives with the costs. The broker has to support the account type you prefer and it has to give you access to a proper suite of services. You may even have a preferred account funding method. The broker may or may not accept/support that method.


Services-wise, you are looking for:



  • Proper trading platforms, with solid technical analysis tools.

  • Access to education and research.

  • Trading foreign markets.

  • Special features you may want.

  • Convenience. Some brokerage firms offer face-to-face guidance. Others do not. It always makes sense from the perspective of trust, to prefer an operator with physical offices close by.



As far as incentives go, some brokers offer commission-free trading. Others may even reward you for certain achievements as a trader. You may even want to keep your savings with the broker if it rewards you for it.


Make sure you read and understand the full pricing schedule/policy of your broker.


Determining the right trading account type to meet your needs depends on what kind of trader you are, and what your objectives are.


When you fill out your application forms, be aware that you will have to provide information on your employment status, investable assets, and net worth. Some find such probing on the part of the broker quite intrusive.


You also have to provide a copy of your ID/driver’s license. If you want to trade options or gain access to margin, you may have to provide additional information.


Brokers accept several account-funding methods.



  • Various e-wallets. (neteller, paypal, skrill etc)

  • Bank transfer.

  • Electronic funds transfer.

  • Checks.



Some may accept asset transfers and even paper stock certificates.


Which is the best forex trading account?


As mentioned, the best account type for you is the one that best suits your needs and personal profile. The factors you should consider in this regard fall into two main categories.


Your investment objectives.
The type of trader you are.


Choosing a forex trading account based on your investment objectives


– most “casual” traders invest with a relatively near-term goal. The “make some money” mantra is the main driver behind such efforts. If this mantra describes your investment objectives, you likely need a traditional brokerage account. Such accounts do not offer any tax advantages. On the other hand, they do not tie up your investments long-term either.
You may also be able to trade on margin with such an account. Trading on margin involves borrowing money from the broker. The assets in your account will serve as collateral in this case. Trading on margin carries some obvious risks.


– if your goal is to secure your nest-egg for your retirement, an IRA (individual retirement account) is your option. All IRA options, such as traditional IRA, roth IRA, and rollover IRA offer you tax benefits. On the downside, you will not be able to touch this money before you are old.


Choosing a forex trading account based on what type of investor you are



  • you are an absolute beginner. And as such, not much of an investor. What you need at this stage is education. Possibly some good trading signals as well. In a word, you need an account, through which the broker can hold your hand. It could be that your ambitions are not high. Still, you need to know why you are doing what you are doing. Customer service and user interface are important factors in your account selection.

  • you are a “value” investor. Such investors buy and hold assets, to sell them when they appreciate. Such investors are not active traders. If you are a value investor, you value fundamental analysis. You have little use for charting and fancy technical indicators, however.

  • passive investing. Those who invest in index funds passively do not require much from their broker. Unlike beginners, such traders don’t need their hands held either. They just need access to index funds, and good tradable asset selection within this category.

  • high frequency trader. Active traders do not hold their positions long-term. They buy and sell with high frequency. Thus, they need all the bells and whistles their broker can offer them. They want good trading platforms with superb charting. Outstanding reporting and a highly functional interface are also musts. Technical analysis is the bread and butter of this trader category. Trading costs are also very important for active traders.


Forex trading account types


There are four basic account type categories: standard, funded, mini and managed. We will look at each in turn.


Within these categories, there are a few additional variants, such as the micro accounts. There are a handful of special account types as well, such as islamic accounts, demo accounts, and VIP accounts. Every one of these account options carries some advantages and some disadvantages.


Standard trading accounts


The name of this account option stems from the standard lots to which it gives traders access. A standard currency lot is worth $100,000. Such a lot size seemingly places this account type out of the reach of average traders.


You do not have to have $100,000 in your account to trade, however. The existence of margin and leverage means that you only have to have $1,000 to trade a standard lot.


Leverage varies based on many things. In the EU, forex leverage is capped at 1:30. In other places, brokers may offer leverage up to 1:500 even on standard accounts.


Brokers offer full services for the holders of standard accounts. Such accounts require upfront capital, so these are all depositing traders. The profit potential of this account type is significant as well.


On the downside, the same goes for loss potential. For this reason, you should only trade through a standard account if you are an experienced trader.


Funded trading accounts


Some brokers/other financial organizations fund certain traders. They provide them with starting capital, in exchange for a share of their future profits.


How does such a setup work?


Would-be funded account owners need to pass an evaluation program. If the broker’s analysts consider them to be good candidates, they grant them a funded account.


Funding can run into millions of dollars. Profit splits are in the 50% range. Funded accounts carry monthly profit targets. Traders who fulfill these targets can gain additional funding.


The broker pays out the profits periodically.


What do you need to do to secure such a funded account?



  1. Your first step is to sign up for the evaluation program.

  2. Trade through the evaluation account and reach the targets.

  3. Earn a proper funded account and start making money for you and the account provider.



Mini and micro trading accounts


A standard account features $100,000 lots. For traders who cannot afford to trade in that league, despite margin and leverage, mini accounts offer an alternative. A mini account supports mini lots. These lots are worth $10,000 each. Mini accounts usually accompany standard accounts and they target new traders.


Micro accounts take this approach a step further. They support micro-lots of $1,000. Such accounts are even more affordable than the mini ones. Like the minis, micro accounts target beginners as well.


The main advantage of mini and micro accounts resides in risk-reduction. For a mere $250-$500, you can open such a trading account. Trading in lower increments stretches your funds longer as well. This is one of the reasons why professional traders like to use such accounts. They can test their strategies in a low-risk, real-money environment.


In addition to the inherent risk-minimization benefits, mini and micro accounts let you spread your funds thinner. Thus, you can better micro-risk-manage them.


The obvious downside is that risk/loss minimization reduces profit potential as well. Such accounts are, therefore, hardly suited to cover the profit needs of professional/advanced traders.


Managed trading accounts


Forex trading account management works like this, A managed account is one that holds your funds but excludes you from decision-making. You make your deposit, and someone else – usually a broker-side expert – does the trading for you. You may be able to set objectives, however.


Why would you want to give up control through such a trading account?


– you are not an expert and you feel that the manager will do a better job than you ever could. Thus you let the manager handle your individual trading account.
– you feel that pooling your money with the funds of other investors offers you a degree of protection. Such managed accounts work like mutual funds. Managers handle the trading and they distribute the profits.


Managers rank these pooled accounts according to risk tolerance. Those looking for higher profits opt for more risky accounts. Those with a lower risk tolerance play it safer, earning less.


The main advantage of a managed account is that it allows you to cash in on the skills of a forex professional. Furthermore, you get to do it hands-off.


The disadvantage is that this forex expert will cut a commission from your profits. Managed accounts require larger deposits than regular ones. Individual accounts may require as much as $10,000. Pooled accounts are slightly cheaper at around $2,000.


Islamic trading accounts


Islam holds trading to be haram (not permitted). There are ways to turn it into halal (permitted), however.


All trading activity has to adhere to the principles of islamic finance.



  • There must not be any interest (riba) involved.

  • Exchanges involved in trading have to be immediate.

  • No gambling is allowed.

  • Risks, as well as benefits, have to be distributed.



Islamic accounts are swap-free accounts, through which transactions and the payments of costs associated with them, happen instantly. In the context of islamic trading accounts, the margin, commissions and administrative fees are not riba.


VIP accounts


Brokers reserve their VIP accounts to their most privileged clients. A VIP account holder enjoys special benefits, such as superior trading conditions. Forex brokerages often invite VIP traders to special events, treating them to special rewards.


What do you have to do to gain access to such an account?


You normally need to deposit an unusually large amount of money (often upward of $100,000). You will also need to trade frequently and perhaps meet certain trade volume requirements.


Demo accounts


A demo account is the “play money” simulation of a real account. It allows traders to test the platform and trading conditions. Some may also use such accounts to test-run certain strategies.


When you sign up for a demo account , the broker credits your account with a set amount of virtual funds. Some demo accounts offer the same functionality as a standard/mini/micro account. Others limit their users’ access to certain features.


Geographic considerations


Sometimes, your geographic location should play a role in your account type selection. Some jurisdictions may limit certain trade types. In the US, there is no CFD trading. The practice is against US securities laws.


Leverage varies greatly between EU regulated countries, the UK for example, and other parts of the world. In the EU forex margin is limited to 1:30 by ESMA, the european regulator.


In other parts of world, india and south africa for example, leverage can be offered up to 1:1000 (though 1:400 or 1:500 is more typical)


The taxes you have to pay on your profits also vary from one jurisdiction to another. Read our taxes page for more on that.



How do you fund a forex account?


The forex (FX) market is where currencies from around the world are traded. A foreign exchange account is typically what is used to trade and hold foreign currencies online. Using these accounts is easier than it has ever been in the past. Typically, you will just need to open a new account, deposit the amount of money you choose in your country’s currency, and then you are free to sell and buy currency pairs as you see fit.


Key takeaways



  • Forex accounts are used to hold and trade foreign currencies.

  • It is easier than ever for individuals to participate in forex trading, due to the development of margin accounts and electronic trading.

  • You can invest in forex with as little as $1,000.

  • The biggest difference between trading equities and trading on forex is the amount of leverage required.

  • Forex accounts can be funded by credit card, wire transfer, personal check, or bank check.


In the past, currency trading was limited to certain individuals and institutions. That's because the funds required to play were significantly higher than for any other investment instrument. However, with the development of electronic trading networks and margin accounts, requirements have changed. Although nearly 75% of forex trading is still done by large banks and financial institutions, individuals are now able to invest in forex with as little as $1,000—thanks in large part to the use of leverage. Despite these changes, making high returns on highly-leveraged currency trades can be difficult, and will require a good amount of patience and skill.


How forex trading works


By using a margin account, investors essentially borrow money from their brokers. Of course, margin accounts can also be used by investors to trade in equity securities. The main difference between trading equities and trading forex on margin is the degree of leverage that is provided.


For equity securities, brokers usually offer a 2:1 leverage to investors. On the other hand, forex traders are offered between 50:1 and 200:1 leverage. This means that traders need to deposit between $250 and $2,000 to trade positions of $50,000 to $100,000.


Learning the ins and outs of investing in a market that contains foreign currencies can be a useful skill to develop in today’s hyper-connected world.


How to fund a forex account


Forex traders are usually given several options when deciding how they will deposit funds into trading accounts. Credit card deposits have by far become the easiest way. Since the development of online payment services, digital credit card payouts have become increasingly efficient and secure. Investors can simply log in to their respective forex accounts, type in their credit card information and the funds will be posted in about one business day.


Investors can also transfer funds into their trading accounts from an existing bank account or send the funds through a wire transfer or online check. When choosing to perform a wire transfer, keep in mind that most banks will charge about $30 per wire, and there may be a delay of two to three days before the amount will show in the recipient’s account for the first transfer performed.


Traders are also usually able to write a personal check or a bank check directly to their forex brokers. The only problem with using these other methods is the amount of time that is needed to process the payments. For example, paper checks can be held for up to 10 business days (depending on the individual’s bank and the state) before being added to a trading account.



How to get the best funded trading accounts?


How to Get The Best Funded Trading Accounts


Fully funded trading account


A forex trading job is recognized to be one of the most challenging jobs in the market due to the sheer of variables that need to be considered before implementing any decisions.


The forex market is extremely volatile, and there are very few alternatives offered to traders to accumulate funds for their account. However, you don’t have to worry about money when you get selected to trade with a funded trading account. That happens when you show great experience and skill in making profitable trades, along with the consistency of your trade.


If you show a proprietary trading firm that you are skilled and talented, and can be counted among the top forex traders, you will get the chance to join some of the best-funded proprietary funds in the market.


What are funded trading accounts at A proprietary forex fund?


A forex funded trading account at a proprietary forex fund is one of the main goals for all forex traders because that is the pinnacle of their industry. There are a lot of great proprietary forex funds that are offering traders the chance to showcase their talent and skill with a funded trading account. At the5ers proprietary firm, we offer traders the chance to elevate their trading career to the next level. We offer traders with everything they need to be successful in forex trading , if they prove their skills, and have a track record of being a successful trader.


How to choose the best funded trading accounts?


Here are some important points to understand about how to choose a funded trading account, which traders tend to get confused about, or that firms manipulate the way they present them to confuse traders:


Share split


It is important to analyze this point together with the possible account size.


Most companies will offer 60% to 80% percentage of the profits for the trader in 100K to 300K accounts.


The5ers gives up to 1.28 million accounts with a 50%-50% split. So you keep a little less percentage of the profits, in a significantly larger trading account.


Remember that when you are taking the very same winning performance, the actual money-earning potential is what matters and not the percentage split.


Payout and growing terms


The5ers is the only fund that actually pays every month, no minimum, and no maximum applied.


The5ers is the only fund that pays and at the same time saves your milestone progression at the same level!


Meaning you pull out money every month, and you don’t hold your growth rate.


With other companies, you have to choose between taking the profits or leaving them for growth.


get paid to trade forex


Terms


The duration & phases of the time you spend on being evaluated are also interesting to compare.


Most companies have 2 phases of testing before real funding and in most cases, those phases happen on demo accounts.


The5ers has only 1 evaluation phase, and it is actually on a live trading account. So practically you are already being funded – only with 1/4th of the account, you will get once you succeed. And you get paid for the profits made during the evaluation by the 50% split share.


Most companies will ask you to make a 10% profit on your evaluation account, in one month! Although it is possible to achieve, this objective doesn’t suit long term strategies and promotes overleveraging. With the 5ers you need to make 6%-7% in a maximum period of 6 months.


Weekends and nights


Look if you are allowed to leave open trades overnight and over the weekends.


Most companies won’t allow it.


The5ers.Com allows overnight and over the weekend trades, which is crucial for long term traders.


Recurring fees


In some companies, you will have to pay an initial fee plus a monthly fee.


With the5ers, there are no monthly payments. To get evaluated you only need to pay a one-time enrollment fee.


Funded Trading Accounts Banner


How to get qualified for a funded trading account


There aren’t any special qualities that qualify you for a funded trading account, other than proving your skills. You must show consistent results in forex trading and prove that your trading strategy is profitable. There are plenty of traders that get good results, but it can also be a fluke win, and to qualify for a funded trading account, you must showcase consistently profitable trades.


Sign up to evaluate your trading


When you sign up to trade with some of the best forex proprietary funds in the market, your trading style is going to be evaluated by the firm first. You will have to pay for the signup fee, but other than that there are no additional costs to be in a forex funded account program.


After a few weeks in testing, you will be totally in the risk-free trading zone


Once you have passed the initial evaluation, you will be tested for a few weeks, so that the proprietary firm can get a good feel of your trading style. Once you pass those few weeks, you will enter the risk-free trading zone, which is when you will be given your own funded trading account.



After proving yourself in the forex market with consistently profitable trades, you will earn the right to get paid to trade in the forex market. This is the best step for your trading career, as it allows you with the chance to test yourself among the best traders that are currently trading in the market.


Develop your trading career from home


When you get the chance to work with a forex funded account, your trading career is on the rise. It is best to choose a remote proprietary trading firm to work with, like the5ers, since they offer traders the chance to develop their trading career from home. This additional flexibility allows traders to trade in the market at their own time, and from wherever they choose to trade from.


Get high capital to trade


Once you are in the forex funded account program, you must keep showcasing your skills as a forex trader to climb even higher up the ladder. If you show great results while forex trading, then you will get a funded trading account with even bigger capital, so you can trade more. Only the top forex traders get that chance, and only after they apply the risk management requirements of the proprietary firm.


You can trade any trading strategy


One of the primary benefits of trading with a funded trading account is that you can trade any style without any fear of your style being compromised. You can choose any style, from scalping, day trading, to long-term position holding, swing trading, fundamentals analysis, or technical analysis trading strategies. The only thing you must keep in mind is that you must deliver profitable trades and results with your trading style.


Get your funded trading account with the5ers


There are a lot of forex proprietary firms in the market, but the5ers stands head and shoulders above them all. We are a remote proprietary trading firm, that offers some of the best forex proprietary trading funds on the market. Our forex funded account program has helped countless traders to develop their trading career, and if you are among the top forex traders in the market you should enroll now.


We have worked with some of the best forex traders in the market and offer them the following incentives, along with the best forex trading job.


Risk-free trading


Don’t risk your money anymore on the forex market. This is risk-free trading that allows you to not only think big but take more chances to get profitable trades in the market.


Develop a trading career


One of the biggest benefits of trading with our funded trading account is that we give all traders the chance to develop their careers. You will be assigned for the highest rewarding trading growth program, where you can build up your trading assets to make a substantial living.


Zero cost from your side


You don’t need to worry about the cost because there are none from your side when you work with the5ers funded trading account. You only pay for the signup fee and the rest is handled by the proprietary firm, so you get complete freedom to become the best trader you can.


Bring your own trading strategy


Worried about compromising your trading strategy? That isn’t even a consideration when you work with a funded trading account, because you have complete freedom as a trader to use your own trading strategy. That ensures that you don’t second guess yourself and keep using the trading strategies that made you successful.


Apply the fund risk management requirements to your own trading strategy


When trading with a forex funded trading account, you must follow the risk management requirements of the funded account. That ensures that you don’t take unnecessary risks that may jeopardize the capital in your funded account.


Final words about funded trading accounts


There are a lot of forex proprietary firms in the market today that are offering traders the chance to elevate their trading career. Choosing the right firm, like the5ers, will give you the chance to trade with some of the best forex traders in the industry.


If you want to receive an invitation to our weekly forex analysis live webinars, trading ideas, trading strategy, and high-quality forex articles, sign up for our newsletter.



Funded trading accounts forex


АНАЛИЗ ВАШИХ НАВЫКОВ В СФЕРЕ ТРЕЙДИНГА


Перед тем как стать одним из управляющих портфелем в нашей компании, каждый трейдер должен продемонстрировать свои навыки и высокий профессионализм. Для оценки ваших способностей мы предоставим вам торговый счет. Ваша цель заключается в том, чтобы добиться целевого уровня прибыли, эффективно управляя рисками, и показывая уверенные и стабильные результаты.


Step 2


ПОЛУЧАЙТЕ ПРИБЫЛЬ, ТОРГУЯ С КАПИТАЛАМИ НАШЕГО ФОНДА


После того, как трейдер успешно прошел всестороннюю проверку, и доказал свою эффективность, он может приступить к торговле, используя капитал проекта the5%ers. Вы получите доступ к полностью финансированному счету, при нулевых рисках и отсутствии каких-либо других затрат. Вы сможете получать ежемесячные выплаты за успешные сделки в вашем портфеле.


Step 3


УВЕЛИЧЬТЕ СВОЮ ПРИБЫЛЬ ДО МИЛЛИОНА ДОЛЛАРОВ


"В том случае, если вы покажете себя, как успешный трейдер, the5%ers может увеличить лимит вашего счета до отметки в 1 миллион долларов США и даже выше. Уникальная система, предусмотренная в проекте, открывает целый мир новых возможностей для стабильного увеличения объемов ваших доходов. "


САМАЯ ПОПУЛЯРНАЯ ПРОГРАММА ОЦЕНКИ ЗНАНИЙ


Начните свою карьеру трейдера выбрав подходящий уровень


$ 80,000


Trade a $20,000 live account to qualify


$ 40,000


Trade a $10,000 live account to qualify


$ 24,000


Trade a $6,000 live account to qualify


ВЫ ПРИНИМАЕТЕ ТОРГОВУ - МЫ ПРИНИМАЕМ КАПИТАЛ - МЫ ОБМЕНАЕМ ПРИБЫЛЬ!


ПОЧЕМУ НУЖНО ЗАНИМАТЬСЯ ТРЕЙДИНГОМ С НАМИ


РАБОТАЯ С THE5%ERS, ВАМ НЕ ПРИДЕТСЯ РИСКОВАТЬ СОБСТВЕННЫМИ СРЕДСТВАМИ.


Вы считаете себя опытным и эффективным трейдером? Если вы ответили «да», то, начиная с этого момента, вам больше никогда не придется рисковать собственными средствами. Работая вместе с the5%ers, вы получаете шанс обрести надежного партнера, а также доступ к средствам компании. Примите участие в программе оценки ваших знаний, и, как только мы увидим, что ваши навыки и умения соответствуют высокому качеству the5%ers, вы сможете управлять торговым счетом, финансируемым the5%ers. Вам никогда не придется пополнять счет или делать платежи, используя ваши собственные средства.


ТОРГУЙТЕ РЕАЛЬНЫМИ ДЕНЬГАМИ С ПЕРВОГО ДНЯ


Вне зависимости от вашего опыта, сразу же после прохождения всесторонней оценки ваших знаний, the5%ers предоставит вам доступ к торговому счету. С 1 дня работы в системе вы сможете использовать средства фонда the5%ers для получения собственного дохода. Даже в период оценки ваш счет финансируется реальными деньгами, и вы получаете всю прибыль, которую сможете заработать.


УСКОРЕННЫЙ РОСТ


Чем больше прибыли вы зарабатываете для фонда, тем больше денежных средств вы получаете в свое распоряжение. Мы создали самую амбициозную программу роста для трейдеров среди всех представленных в отрасли, одновременно обеспечивая максимально низкий уровень рисков.


ГИБКОСТЬ, ДОСТУПНОСТЬ И ВОЗМОЖНОСТЬ ОБЩЕНИЯ С НАМИ


Если мы и придерживаемся какого-либо принципа в работе, то это правило «открытых дверей», которое лежит в основе успешного общения с управляющими. Фонд the5%ers по-настоящему гордится собственным подходом к процессу общения и доступности всех отделов и сотрудников. Мы предлагаем каждому трейдеру прямой доступ к команде, отвечающей за управление капиталом в the5%ers. Вы всегда можете связаться с нами, используя чат или телефон. Мы работаем круглосуточно, и даже по выходным. Мы строим искренние и открытые отношения со своими трейдерами, в основе которых лежит честность, прозрачность и взаимное уважение.


ВАША УСПЕШНОСТЬ – ЗАЛОГ НАШЕГО УСПЕХА


The5%ers верят в то, что ваш успех в трейдинге - это и наш успех тоже, и именно поэтому мы готовы вознаграждать наших трейдеров за их уникальные достижения. Мы нанимаем лучших трейдеров на рынке форекс, предлагая идеальную среду для трейдинга, которая позволяет им повышать свою эффективность в партнерстве с нами. Программа привлечения трейдеров от the5%ers является наиболее гибкой и универсальной во всей отрасли. Мы разрешаем использование любых трейдинговых стратегий, широкого спектра активов и инструментов, позволяя вам выполнять любые действия, практически без ограничений. Стоит отметить, что подобные условия практически не встречаются в данной сфере.



Funded accounts


As investors find creative ways to grow their wealth; a growing trend that will continue to grow is that of FUNDED ACCOUNTS provided for the forex trader and other traders. This is a WIN-WIN situation for both the investor and the forex traders.


The investor is spreading their risk by having a number of traders trading for them instead of having all their money in one place.


HOW CAN YOU BENEFIT FOR THIS??


For the forex trader, we have the best of both worlds. We don’t have to risk our own money and we get a share of the profits and all the loss is accepted by the investor. What more could we ask for. If money was your problem that was preventing you from getting involved in this lucrative market then you no longer have any excuse to get involved. There is a lot of money available that you can access.


In our opinion, we think you will find a lot more investors getting involved in funded accounts. We think it’s much better than keeping their money in the bank at the moment.


WHAT YOU NEED TO DO RIGHT NOW……


If you have a forex strategy that you can use, then don’t delay, check out the available funding streams below.


If you don’t have a strategy to benefit from the market, then take a look at this FREE TRADING SYSTEM.


Some new traders like to be mentored and be a part of a community which I think is a excellent way of learning forex – if you are a new trader who would prefer this approach then you can get more information here.


Note – there a lot of different strategies to trade the forex market and not every strategy you come across will fit with your trading psychology, that is, why I am pointing you in the direction of a range of strategies that you can check out to see if it fits your trading psychology before you choose. You can find additional strategies here.


It don’t make any sense for you to get access to funds at this stage if you do not have a forex strategy that works. You are just wasting your time. Therefore take the time to learn a forex strategy.


Most new traders like to explore the internet searching for strategies. One thing I can assure you is that you will come across a lot of information which will result in information overload and therefore you become confused.


Why? The fact that you are new mean in most cases you don’t know what you are looking for when it comes to forex trading and this is the reason of the confusion. I have been in your shoes, so I am talking from experience. So I just ask you to take five mins out of your busy schedule to read this first before you proceed.


WHAT FUNDING IS AVAILABLE TO YOU….


Here at forex for beginners, we classify funded accounts in two broad categories.



  1. Direct access funded accounts

  2. Prove yourself first before you get access to funds to trade



DIRECT ACCESS FUNDED ACCOUNTS


These types of funded accounts are accounts in which you pay a monthly subscription and then you gain access to money in which you can start to trade straight away but you need to have a forex strategy for you to really benefit from this.


Below are companies that offer you direct access funded accounts.


I will summaries for you below how blu funding scheme works but you can access more information direct from their website here.



  • Profit share is 50/50. That is, you get 50% of the profit that you make, but you need to grow your account starting balance by 5% before you can bank profits.



  • You sign up to get access to funds. They have three accounts: –



  1. LITE account in which you get US$25,000 to trade. This costs £99 per month

  2. The PRO account in which you get US$50,000 to trade. This costs £249 per month



  • The company will accept all the loss, therefore NO RISK TO YOU.



  • There is account growth for the pro account if you grow your starting balance by 10% without taking off any profit. Your account starting balance will double and this can continue up to $1 million. There is no account growth on the lite account.



  • Overnight position is allowed on the pro account but not on the lite account. Holding open position over the weekend is not allowed on either account.



  • You are risk managed and only allow a 10% drawdown. If you go beyond this level your account will be disabled. In order to get your account refreshed you will have to pay an additional £50 on top of your monthly subscription in order to bring your account back to the starting balance.



  • Your trading style is up to you



  • Hedging is not allowed



PROVE YOURSELF BEFORE YOU GET ACCESS TO FUNDS TO TRADE



  • First you have to pass a practical assessment before you get funded. That is, you need to prove that you can reach their profit targets without breaking any of their rules. There is no time limit to pass the practical assessment. Click any of the links for more information.



  • Profit share starts at 50/50 and goes up to 80/20 as you grow your account. The 80% is for you the trader.



  • You sign up to start the practical assessment. There are three accounts to choose from in you which you pay a ONE OFF PAYMENT, NO MONTHLY SUBSCRIPTION. The three accounts are as follows:



  • 1) there is a US$25,000 in which the one off payment is US$199.



2)there is a UD$50,000 in which the ONE OFF PAYMENT IS US$250



  • 3) there is a US$100,000 account in which the ONE OFF PAYMENT IS US$350.




  • Must use a stop loss order on every trade



  • Must not hold positon over the weekend



  • The profit targets that you have to meet is as follows:

    • For the US$25,000 the profit target is US$3,000



    • For the US$50,000 the profit target is US$6,000



    • For the US$100,000 the profit target is US$12,000





  • The weekly loss targets that you have to meet is as follows:

    • For the US$25,000 the weekly loss target is US$500



    • For the US$50,000 the weekly loss target is US$1,000



    • For the US$100,000 the weekly loss target is US$2,000





  • The maximum loss targets that you have to meet is as follows:

    • For the US$25,000 the maximum loss target is US$1,000



    • For the US$50,000 the maximum loss target is US$2,000



    • For the US$100,000 the maximum loss target is US$4,000





  • The maximum lot/position size that you must not exceed is as follows:

    • For the US$25,000 the maximum lot/position size is 2.5 lots



    • For the US$50,000 the maximum lot/position size is 5 lots



    • For the US$100,000 the maximum lot/position size is 10 lots





NOTE – in addition to the ONE OFF PAYMENT, if you break any of the rules above you need to reset your account. This will cost you US$199 every time you have to reset your account.


You will need to reset your account if:-



  • You exceed weekly loss limit

    • You exceed maximum loss limit



    • You exceed maximum lot size



    • You do not use a stop loss on you open position or pending orders



    • Hold open position over the weekend.






  • The company will accept all the loss, therefore NO RISK TO YOU.



  • There is account growth on all three accounts



  • Your trading style is up to you



FTMO has two stages before you get funded. They also have two risk levels, that it normal or aggressive that you can choose from based on the type of trader you are. Once you qualify you get 70% of the profit share.


Prove you can trade using a 30 days simulated account by:-


Hitting their profit target of 10% for normal risk and 20% for aggressive risk


Stay within the maximum daily loss of initial capital balance. The loss targets are


5% normal risk and 10% aggressive risk.


Stay within their maximum loss targets. The maximum loss targets are 10% normal risk and 20% aggressive risk. The targets are based on the initial capital amount.


50% of your trading days should be positive, that is, is you trade for 20 days, 10 out of the 20 day you must be positive – meaning you make money during those 10 days.


You have to choose a currency when opening an account. You can choose the $US or the EURO. The fee mentioned below is for the $US dollar account. The fee varies based on the risk level you choose.


Trading capital of $US10,000 you pay $US155 for normal risk and $US250 for aggressive risk


Trading capital of $US25,000 you pay $US250 for normal risk and $US345 for aggressive risk


Trading capital of $US50,000 you pay $US345 for normal risk and $US540 for aggressive risk


Account growth is possible. Your account will increase by 25% of your initial balance if you are able to meet a profit target of 10% within 4 months. Two out of the 4 months must be positive that is you must make money in those 2 months.


FEES PAID IS REFUNDABLE ON YOUR FIRST PROFIT WITHDRAWAL


This stage is to check if you have a consistent strategy. This is one of the key component to making money in the forex market.


In this stage your profit targets are reduced by 50% but your trading days now increase from 30 days to 60 days. As I have mentioned before, this stage is just to check that you have a consistent strategy.


During this stage you have to trade a minimum of 10 trading days and 50% of these day you should make money in order to get funded and become and FTMO trader.


After you pass both stages the only thing that you need to comply with are as follows:


Maximum daily loss


Maximum loss


Minimum trading days


There is NO PROFIT TARGETS to achieve once you quality, but you need to make profit so you can withdraw money and have a good time.





So, let's see, what we have: are you ready to trade up to 2 million dollars? The platinum trading academy is famous for turning regular everyday traders into profitable professionals. At funded trading accounts forex

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