There are several steps to qualify for a $350k funded account with a prop firm. While some prop firms offer instant funding – bigger accounts like $350,000 require passing a dedicated evaluation. Participate in these funding evaluations to prove your profitability, risk management skills, and consistency to follow rules over time. To qualify for funding, traders also need to follow the prop firm’s restrictions on maximum leverage, profit targets, and trading strategies. As someone looking to trade bigger, understand the key requirements to get funded with a $350,000 prop firm capital.
>> Join Funding Traders to choose from a variety of account sizes – starting from $5K prop firm challenge to $500,000. With multiple account sizes, you can access increased institutional-level capital and scale your profit potential.
Read on to learn more about the qualification process for $350,000 prop firm trading accounts.
Join A Prop Firm Supporting $350K Accounts
First, join a reputable prop firm that offers $350K forex funded accounts. Before signing up for these bigger accounts, choose a smaller prop firm challenge to test pay-out percentages, withdrawal period, and overall trading conditions. Of course, you can also sign up for a free trial prop firm challenges to backtest your strategies – without risking personal money. To join a reputable company, focus on spreads, fees, and commissions – instead of the initial fee charged for 350K accounts.
>> As one of the biggest prop firms in the world, Funding Traders offers 350K funded accounts exclusively on TradeLocker. Once you qualify for the 350k funded account, you’ll even receive a 100% refund of your initial $1,000 fee along with the first payout.
While you can rely on client feedback to evaluate a firm’s reputation, many platforms also publish fake, misleading, and paid reviews. Indeed, search for an industry-leading prop trading company that supports bigger, $350K funded accounts.
Avoid Prohibited Trading Strategies
In addition, avoid prohibited strategies to successfully qualify for a 350k prop firm account. Typically, prop firms prohibit certain strategies, styles, and instruments to create a fair trading environment for everyone. For instance, many reputable prop firms restrict arbitrage trading to prevent price difference exploitation in forex. Similarly, avoid using excess leverage to reduce your risk exposure on the bigger 350K funded account.
To qualify for a live trading account, Funding Traders requires you to avoid the following strategies.
- High-Frequency Trading (HFT)
- Arbitrage and Matingale Trading
- Copy Trading From FT’s Accounts To Another Account
- News Trading During High-Risk Events/Trends
- Use Of Prohibited Expert Advisors (EAs)
>> As a prop firm that allows algo trading, FT still prohibits a few EAs and bots to maintain a fair environment for everyone. Reach out to our support team to learn more about prohibited EAs.
If you implement these strategies during the qualification process, prop firms may close your challenge account permanently. Indeed, you should only leverage supported trading strategies to qualify for 350K funding with prop firms.
Meet Minimum Trading Requirements
Prop firms also require meeting minimum trade requirements for $350,000 funded trading accounts. These minimum trades help prop firms evaluate your performance, consistency, and commitment levels. Funding Traders requires you to place at least 15 trades before qualifying for a live 350,000 account. Additionally, you must utilize +/-0.20% of initial $350K balance on every trade to showcase active participation.
>> Open a TradeLocker account to execute the minimum trades required to get funded. While minimum trades are required for 350K accounts, you can still take advantage of no-time limit rules and take your time to qualify for funding.
Similarly, 500k prop firm challenge accounts require executing a minimum of 20 trades to qualify for live funding. Indeed, carefully understand and meet the minimum trade requirements for $350K prop firm funded accounts.
Pass 1 or 2-Step Funding Evaluation
At this stage, you are ready to pass 1 or 2-step evaluations to qualify for a live $350K funded account. Prop firms offer flexible trading conditions, multiple educational resources, and risk management assistance to pass funding evaluations. For a $350,00 account, you can utilize a diverse range of trading styles to qualify for funding – including scalping, swing, and EA trading.
If you’re a seasoned professional, choose the 1-step direct funding prop firm evaluation to get funded right away. Meanwhile, beginners can sign up for a 2-step 350K prop firm challenge to pass an additional verification stage for funding.
At Funding Traders, take advantage of flexible trading conditions to pass 1 or 2-step evaluations, including:
- 1-step profit target: 10%
- 2-step profit target (phase 1): 10%
- 2-step profit target (phase 2): 5%
- Daily drawdown (1-step evaluation): 4%
- Maximum drawdown (1-step evaluation): 5%
- Daily drawdown (2-step evaluation): 5%
- Maximum drawdown (2-step evaluation): 10% (static)
Definitely, follow prop firm trading rules to successfully pass the challenge for a $350,000 funded account.
Scale Beyond $350K In Funding
Once funded, scale beyond $350,000 prop trading accounts to maximize your profit potential. Many reputable prop firms offer Elite funding programs to support traders with bigger institutional-level capital – ranging up to $2 million+. These programs support beginners, seasoned, and advanced traders who successfully qualify for $350K prop firm accounts. Of course, you’ll receive educational support, mentorship programs, and regular workshops to professionally trade with these bigger account sizes.
>> Sign up for Funding Traders’ Elite programs to receive a $1 million prop firm funded account. To qualify for these bigger accounts, receive 1-on-1 mentorship from our ex-Wall Street trader CEO.
Definitely, follow prop firm scaling guidelines to grow your $350,000 funded account.
There are several steps to qualify for $350K prop firm accounts. First, you need to select a reputable prop firm that offers $350,000 account size to global clients. Then, learn about the prohibited trading strategies before starting with the qualification process.
For these bigger trading accounts, you’ll need to trade for a minimum number of days to showcase active participation. Meet profit targets, drawdown limits, and risk management parameters to pass a 2-step or 1-step prop firm challenge. Once funded, you can gradually grow your account size and manage all the way up to $1 million capital. Follow the points above to get funded with $350k in prop funding.