PROP FIRM TRADING. PART 2 – My Trading – 24 November 2023

In my first blog post, I provided an overview of Prop Firm Trading. I address fundamental questions, such as what it entails, why it is attractive to beginner traders, and how these proprietary companies operate.

I explored in detail the tests and requirements that traders must pass to participate in trading with a proprietary firm. I also addressed key aspects, such as the taxation associated with Prop Firm Trading, the legal nature of the relationship between a trader and a prop firm, and the specific trading requirements that these companies typically establish.

In this second post, I will expand my research by focusing on the quantifiable characteristics of companies that have stood out in Google searches. Despite recognizing that some companies may be positioned higher due to their advertising payments, I firmly believe that Google organizes the results organically, highlighting those companies that generate a more significant impact and arouse greater interest among users.

My focus will be directed specifically towards access requirements, detailing what we call “Challenge” and “Verification”. I will explore how these companies structure these processes and what specific characteristics they look for in traders who want to join their ranks. Read on to discover more about the fascinating dimensions of the world of Prop Firm Trading!

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FTMO

In the world of Prop Firm Trading, FTMO stands out as a prominently considered option. They offer an initial account of $10,000 with a minimum fee of $155, refundable under certain conditions. Its no-time limit approach to achieving goals, along with a potential profit split of up to 90%, makes FTMO an attractive option for traders. In addition, they offer access to a variety of symbols, including Forex, Commodities, Indices, Crypto, Stocks and Bonds, through platforms such as MT4, MT5 or cTrader.

Lux Trading Firm

Lux Trading Firm is presented as an option that combines a £25,000 account with a refundable fee of £149. With a daily loss limit of 6%, Lux Trading Firm stands out for its focus on Forex, Indices and Commodities. They offer an attractive 75% profit share and support platforms such as Lux Trading View, Lux MetaTrader 5 and Stock Screener.

FundedNext

FundedNext is positioned with a starting account of $6,000, with a refundable fee of $117. This prop firm sets a maximum daily loss of 5%, with a stop loss of 10%. With a testing target of 13%, FundedNext allows trading in Forex, Indices and Commodities through platforms such as MT4 and MT5. They stand out for an attractive profit distribution of up to 90%.

5%ers

The uniqueness of 5%ers lies in its $95 fee, 5% maximum daily loss, and 6% testing target. With a six-month verification period, this firm focuses on MT5 traders, offering a 50% profit share.

Audacity Capital

Audacity Capital features a $10,000 account with a $129 refundable fee. With daily and maximum loss limits of 7.5% and 15%, respectively, Audacity Capital allows you to operate in Forex, Indices and Commodities. It stands out for its 50% profit distribution and is compatible with platforms such as MT4 and MT5.

Fidelcrest

Fidelcrest is positioned as an option for traders with accounts of $250,000, with a refundable fee of $999. Establishes a maximum loss of 5% and a verification period of two months. This firm covers Forex, CFDs, Metals, Commodities and CFDs on Shares, offering an attractive profit distribution of 80% and compatible with MT4 and MT5 platforms.

The Funded Trader

With a $5,000 account and a $65 refundable fee, The Funded Trader sets daily and maximum loss limits of 5% and 10%, respectively. It stands out for its versatility in Forex, Commodities, Indices and Cryptocurrencies, offering a profit distribution of 80% and compatibility with MT4 and MT5.

Note: Information for these companies has been summarized to provide an overview. It is recommended to check the specific details on the official websites.

Conclusion

The world of Prop Firm Trading offers a variety of options, each with its own characteristics and conditions. From FTMO with its no-time limit approach and attractive profit split to Fidelcrest, which targets traders with larger accounts and offers a generous 80% split. The diversity in requirements and benefits allows traders to find a firm that fits their objectives and trading style.

It is crucial to note that although this information provides a general overview, traders should conduct further research and check the specific details on the official websites of these companies. Additionally, choosing a Prop Firm Trading firm should be based on a complete understanding of the requirements and how they align with each trader’s individual goals.

And what Prop Firm Trading companies have caught your attention the most or which ones are you considering for your operations? Sharing experiences and preferences in this exciting world of proprietary trading can be beneficial to the community, providing valuable insights to those who are exploring these opportunities. 📈💼