There are several strategies to earn a funded account for trading. Notably, getting a funded trading account provides the opportunity to manage bigger capital – without risking personal equity. In the beginning, these bigger accounts provide advanced resources, reduce the initial capital requirements and limit losses.
Before applying for a funded account, carefully evaluate the initial capital, trading rules, and available platforms to select an industry-leading prop firm. As someone looking to become a proprietary trader, follow the key strategies to earn a prop firm account online. This way, you can increase your buying power, implement appropriate risk parameters, and use higher leverage.
>> Funding Traders offers multiple opportunities to earn a prop firm account with up to $1M+ in live capital. Choose your account size, pass the initial evaluation, and become a prop firm funded trader with an industry-leading prop firm.
Read on to learn how to earn funded trading online with forex prop firms.
Choose A Trusted Funded Account Provider
Before earning a funded account online, choose a trusted prop firm with funding services. Conduct a thorough research to evaluate the firm’s industry reputation and available account sizes. You can also go through the company’s online reviews to avoid common prop trading scams.
>> Start your trading journey with FT and choose between multiple account sizes. We provide low price forex funded accounts to help traders access institutional-level prices at affordable costs.
- $5K Beginner | $50
- $10K Mini | $100
- $25K Starter | $200
- $50K Basic | $300
- $100,000 Advanced | $550
- $200,000 Superior | $1,100
If you’re a beginner, avoid prop firms with complicated fee, profit, or evaluation structures. Definitely, learn how to join a prop trading firm to earn forex funded accounts.
Use Prop Firm Discount Offers
Using prop firm discount & promotional offers is another way to earn funded accounts for forex trading. Prop firms organize regular trading contests, giveaways, and promotional offers to provide free prop firm challenge accounts. By entering these contests, you can prove your strategies to earn cheap prop firm accounts.
>> As the best FTMO alternative, we share a variety of promotional offers for aspiring clients. Join our online communities to recieve the latest updates on promotional offers, discounts, and giveaway contests.
Similarly, participate in prop firm giveaways to secure funded accounts for free. These giveaways often require traders to complete a few online tasks in return for funded accounts. Definitely, take advantage of prop firm promos & discounts to earn funded accounts for free.
Pass A Prop Firm Challenge
Now, pass the prop firm challenges to earn a live funded account for forex. Once you select an account size, you’ll need to go through a comprehensive evaluation on a challenge account. These evaluation programs test your trading skills, strategies, and profitability. Prop firms use evaluations to ensure only qualified traders can earn a live-funded account.
To pass the prop firm evaluation, you’ll need to reach a profit target without breaching any evaluation rules. Based on your funded account type, you may also need to follow other restrictions to get a funded trading account.
>> Funding Traders is among the best remote prop firms in the US – providing a straightforward evaluation process, requiring traders to achieve pre-defined profit targets on a challenge account. As a prop firm with no-time limit, you can take as much time to achieve these targets and earn a funding account.
- 10% Profit Target – 1-Step Evaluation
- 5% Maximum Drawdown – 1-Step Evaluation
- 4% Daily Drawdown – 1-Step Evaluation
- 10% Profit Target – 2-Step Evaluation (Phase 1)
- 5% Profit Target – 2-Step Evaluation (Phase 2)
- 10% Maximum Drawdown – 2-Step Evaluation
- 5% Daily Drawdown – 2-Step Evaluation
Definitely, legitimate prop firms require passing a trading evaluation to earn funded accounts in forex.
Get A Funded Account & Stay Active
Once you pass the funded challenge, you’ll earn a funded account to start trading. Prop firms require funded traders to follow pre-defined profit targets on live accounts. Actively follow your proven trading plan and maintain a consistent performance to stay funded. Keep in mind maintaining a consistent performance will help retain your prop trader status and earn long-term profits.
Additionally, keep learning new skills to prove your dedication and qualify for capital scaling programs.
>> At FT, we provide unique capital scaling opportunities to help traders increase their account sizes all the way up to $1M+. Follow these guidelines to qualify for prop firm capital scaling and earn a bigger account:
- Stay profitable for two consecutive months
- Achieve an overall 8% profit target for two months
- Avoid breaching any prop firm rules
Indeed, actively use your prop firm trading account to avoid suspensions.
Earn A Competitive Profit Split
Earn a competitive profit split on your prop firm funded account. Traditional prop firms may offer a smaller 50-50, 60-40, or 70-30, profit split – limiting your earning potential. When you earn a funded account with high profit prop trading firms, you are directly eligible for a higher, more competitive default profit split.
>> Funding Traders offers a default 80-20 profit split to all funded clients. Plus, traders looking to increase their payouts can sign up for available add-ons to get paid with up to 100% of the earned profits.
Of course, you can increase your payout amount if you’re managing a bigger funded account. Definitely, forex prop firms share a competitive profit split on live-funded trading accounts.
There are several steps to earn a live funded account with prop firms. First, select a reputable prop firm providing funded trading accounts to aspiring clients. You can always take advantage of prop firm promotional offers to secure live trading accounts for free. At this point, you’ll need to pass a prop firm challenge to get funded and earn competitive profit splits. Ready to earn a prop firm trading account? Click here to apply for funded trading challenges.
