There are several steps to buying funded trading accounts with industry-leading prop firms. Prop firms provide live funded accounts as part of their capital allocation programs. Buy these accounts to access institutional-level capital, trade bigger, and unlock career growth. Keep in mind many prop firms may also impose certain restrictions on forex accounts – limiting profit potential for even the most talented traders. Before buying a new challenge account, carefully evaluate leverage limits, evaluation milestones, and supported trading instruments to get funded for forex trading.
As a forex trader yourself, follow the key strategies to carefully buy new prop firm accounts while avoiding common scams.
>> Funding Traders offers some of the cheapest prop firm accounts to support beginners, experienced, and seasoned clients. Buy a new account at low cost and get a chance to secure up to $1M+ in live funding.
Read on to learn how to buy prop firm challenge accounts and get funded as a forex trader.
Compare Funded Account Fees
Before you buy a prop firm trading account, carefully compare upfront fees for forex funding. To become a funded trader, you’ll first need to pay the upfront challenge fees for funding opportunities. Carefully compare the entry fees for various funded account programs to join a prop firm best suited for your budget. Before paying the upfront amount, you should also determine if the entry fee is refundable. Keep in mind only a few legitimate prop firms refund fees after you successfully pass the funded trading challenge.
>> As one of the best low cost prop trading firms, FT offers affordable accounts – starting from $50. Pay a one-time refundable fee and start trading on live accounts.
- $5K Beginner | $50
- $10K Mini | $100
- $25K Starter | $200
- $50K Basic | $300
- $100,000 Advanced | $550
- $200,000 Superior | $1,100
- $350,000 Account | $2,000
- $500,000 Account | $3,000
Of course, you’ll need to pay higher upfront fees to buy an account with bigger capital size. Indeed, compare upfront fees to buy low price funded accounts for FX trading.
Acquire Basic Trading Skills
After you buy a forex funded account, acquire necessary skills to trade with prop firms. Learn everything about the basics of prop firm trading – including position sizing, fundamental analysis, and trading psychology. With a learning mindset, you can always prioritize mandatory prop firm trading rules like drawdowns, profit targets, and loss limits. Additionally, learn to manage risks on funded accounts to protect the prop firm account from unexpected market movements.
>> Funding Traders encourages all clients to stick to their trading and risk management plans – while continuously learning new skills. You can always take advantage of our prop firm trading courses to get familiar with various trading strategies, risk mitigation techniques, and profit targets.
Indeed, develop trading skills to manage your newly bought funded challenge account.
Pass Prop Firm Challenges
The next step after buying a funded trading account is to pass the prop firm challenges. Buying a prop firm challenge is only the first step. To successfully acquire the live trading account, you’ll need to go through a comprehensive trading evaluation. These prop firm evaluations test your skills, abilities, and risk management to manage the purchased account in live market conditions. Ultimately, prop firms only offer live funding to profitable traders capable of protecting the capital.
>> After buying a prop firm challenge, achieve these pre-defined performance milestones on your challenge account to successfully qualify for live capital.
- Profit Target (1-step challenge): 10%
- Daily Drawdown (1-step challenge): 4%
- Maximum Drawdown (1-step challenge): 5%
- Profit Target (2-step Phase-1): 10%
- Profit Target (2-step Phase-2): 5%
- Maximum Drawdown (2-step challenge): 10%
- Daily Drawdown (2-step challenge): 5%
Indeed, follow prop firm challenge strategies to complete the evaluation and get funded.
Receive Instant Funding & Maintain Consistency
At this point, you’ll receive your instant funding prop firm account to trade with prop firms. Even on live accounts, you’ll need to follow the prop firm rules to maintain a consistent performance and stay funded. Follow a well-planned strategy, stay disciplined, and place risk management parameters to generate consistent profits.
Even if you receive the funding instantly, you must avoid recklessness, emotional bias, and poor patience to protect the funded trading account.
>> All traders who purchase legacy accounts at FT are required to strictly maintain a consistent position sizing on each trade. By default, you must not risk more than 2% on your trades to prevent major drawdowns.
Indeed, buy instant funded trading accounts to manage real funding with prop firms.
Request Payouts & Get Paid Faster
After buying funded accounts and securing live capital, request fast weekly prop trading payouts to get paid faster. When you start trading, you’ll have the opportunity to receive a profit share for all profitable trades. With Funding Traders, you can earn 80% of the generated profits by default to get paid bigger. Moreover, you can also buy additional add-ons with funded accounts to receive up to 100% of the earned profits every week.
>> Follow these steps to request your payouts for the earned profits on FT’s forex trading accounts.
- Place your request directly via the dashboard
- Add your Account Number and Crypto Wallet Address
- Get paid with the payout
>> Choose crypto wallet as the payout method to receive fast payments within 24-48 hours of your request.
Indeed, Take advantage of payouts on forex funded accounts to get paid faster.
There are several steps to buy and manage funded trading accounts. Carefully compare funded account prices to buy a new account with a legitimate prop firm. Leverage your newly purchased account to acquire trading skills to pass the prop firm challenge. Once completed, you’ll be eligible to manage live capital and request fast payouts to get paid with up to 100% of the earned profits. Click here to buy a prop firm funded account for forex trading.
