Best Funded Trader Accounts (2023)

What are the best Funded Trader Accounts?

1. Topstep

With its well-established brand power and reputation as an industry innovator, recognized as one of Inc 5000’s fastest-growing companies, Topstep has garnered the trust of numerous traders. To qualify for their funded account program, all traders are required to go through the Trading Combine, which allows them to open a simulated futures account with buying power options of $150K, $200K, or $300K, all in real-time.

The Trading Combine serves as an evaluation process, assessing traders based on their consistent profitability and effective risk management. Those who demonstrate these skills have the opportunity to earn a funded trading account, where they can trade using Topstep’s capital in real-time, without assuming any personal financial risk. This unique program provides traders with a risk-free way to participate in the futures market and leverage Topstep’s resources for their trading success.

Key Features

• Traders can potentially qualify for a funded account in as little as eight trading days with Topstep, with the specific funding amount determined by the Trading Combine plan chosen.
• The first $5,000 in profits earned can be fully withdrawn, and 90% of any profits exceeding that amount are also eligible for withdrawal.
• Topstep processes payout requests daily, with requests made before 10 a.m. CT being processed on the same day, ensuring swift access to earned profits.
• In addition to funding, Topstep provides comprehensive trader development services, including instruction from professional traders, access to tools and daily live videos, personalized performance analytics, and bonuses for traders, all aimed at supporting their growth and success in the trading arena.

Supported Platforms:

• TSTrader
• TradingView
• NinjaTrader
• Sierra Chart
• MultiCharts
• R|Trader Pro, 
• and many more

Pricing

Topstep offers funded account pricing starting at $165/month for a $50k account, $325/month for a $100k account, and $375/month for a $150k account. They also provide a 14-day free trial for traders to try their services without any cost.

2. SurgeTrader

SurgeTrader is a reputable proprietary trading firm that offers traders the opportunity to diversify their investment portfolio with a wide variety of tradeable assets. One of the unique features of SurgeTrader is that it has only one phase of evaluation, unlike many other prop firms that require traders to pass multiple levels of evaluation.

Traders can choose from six different packages offered by SurgeTrader, each with its own set of features. The Starter Package, for example, provides traders with $25,000 in instant funding and a 10% profit target. It also has a maximum trailing drawdown limit of 5%, making it ideal for beginners who prefer a more conservative trading approach. On the other hand, the Master Package, which is the highest-tier account, offers a funding size of $1 million and a 75% profit split. It has a 10% profit target, a four-percent daily loss limit, and a five-percent maximum trailing drawdown allowance. This package is designed for traders who are confident in their abilities and willing to take on more aggressive trading strategies.

In terms of tradable assets, SurgeTrader provides a diverse range of options, including cryptocurrencies, gold, and popular stock indices. Traders can access leverage up to 1:10, allowing them to potentially amplify their trading positions.

SurgeTrader’s evaluation process, known as the SurgeTrader Audition, requires all clients to undergo evaluation, but only one phase is necessary to pass. Unlike some other firms, there is no minimum earning requirement to pass the audition, making it more accessible to traders.

Pricing

Audition fees for SurgeTrader range from $200 to $6,500 per account, and there is no limit on the number of times traders can take the audition. Payment methods for fees and withdrawals include credit/debit cards and PayPal, providing flexibility and convenience for traders.

Overall, SurgeTrader presents a compelling opportunity for traders looking to join a prop firm with a variety of funding packages, tradable assets, and an evaluation process that offers flexibility and potential for profit.

3. FTMO

FTMO is an award-winning proprietary trading firm that specializes in forex trading. Their traders received over $23,000,000 in payouts in 2021 with an impressive average payout processing time of 8 hours.
To qualify for a funded trading account at FTMO, traders must complete a three-step process. Firstly, within 30 days, traders must reach the profit goals defined by the FTMO Challenge. Once the Challenge is successfully completed, traders enter a 60-day Verification process. After passing these two evaluations, traders are offered an account size range of $10,000 to $400,000. Traders keep 80% of their profits for withdrawal, according to the 80:20 profit split. For funded accounts with account sizes of $2,000,000 or greater, traders can increase their profit split up to 90:10 with a Scaling Plan.

FTMO offers trading in 44 currency pairs, 10 cryptocurrencies, stock CFDs, commodities, and indices. They are particularly known for their strength in currency trading, while Topstep is known for their excellence in futures trading. Traders can use MetaTrader 4, MetaTrader 5, and cTrader for free.

To participate in the FTMO Challenge, traders must pay a one-time fee in Euro currency only. Accepted currencies for funding the account include USD, GBP, EUR, CZK, CAD, AUD, and CHF. The participation fee varies based on the account size, starting at 155 EUR for the $10k account and going up to 1,080 EUR for the $200k account.

Pricing

4. Earn 2 Trade

Earn 2 Trade provides two account options: the Gauntless Mini account with $25K for $150/month, and the option to upgrade to $350/month to receive up to $150K. If you are a new trader and want to build your confidence, it may be best to start with the $150/month option. Within the first month, with the guidance of a mentor, you could aim to earn at least $1750. This way, you won’t need to pay more to upgrade to the $350/month account.

Key features

Furthermore, achieving this goal will grant you access to exclusive trading partner accounts, including

• a beginner crash course valued at $249
• a trading simulator
• Journalytix

Pricing

5. The5ers

The approach taken by The5%ers differs greatly from the other programs mentioned in this list. The company funds each trading account with real money, allowing subscribers to trade using those funds. The program covers all major forex securities, including cross pairs like AUD/CAD and GBP/JPY.

To participate in the Level 1 Program, traders must reach a profit target of between 10% and 25%, while following program rules. Once the profit target is achieved, the Level 1 Program closes, and the Portfolio Manager Partner receives profits based on a profit split. They will also receive a new trading account at the next funding level.

One notable distinction between this program and others is the ease of use. The5%ers and members split the profits 50:50, which means the trader retains half of the profits. All programs are hosted on the MetaTrader 5 trading platform, and participation fees range from $275 to $875.

Pricing

6. Maverick Trading

Maverick is a top trading company that caters to traders of all experience levels. They offer the services of professional and popular robo advisors, making it easy for less experienced traders to get started.

Maverick provides daily webinars and lessons, enabling traders to improve their skills during business hours. Trading options, stocks, and forex are all available through Maverick, and new traders can count on support, technology, and training from Maverick’s team.

Traders who prove themselves trustworthy are invited to join Maverick’s team and are immediately financed. The amount of funding may increase based on profitability.

Active traders who want to contribute to Maverick’s development should not miss this opportunity for instant funding. Maverick traders typically use ThinkorSwim during evaluations, but Interactive Brokers is preferred for live accounts due to its user-friendly interface.

Interactive Brokers is also used for the forex program’s evaluation phase. Maverick’s teaching approach is more comprehensive and effective than other programs, but it is also more expensive. The options program costs about $7,000 to join, while the forex program costs about $4,000.

7. Elite Trader Funding

Elite Trader Funding offers various evaluation programs to suit different trading styles and experience levels. Their EOD program is best for traders who prefer an end-of-day drawdown, while one-step evaluations with a single overall trailing drawdown are a lower-cost option for traders who want to avoid daily drawdown limitations.

For aggressive traders, the Elite Trader Funding Fast Track evaluation program allows for up to $6,500 in drawdown allowance for just $150. A $25K Mini Track Evaluation is also available for seasoned day traders, starting at $45 and requiring completion within a maximum of 14 calendar days and a minimum of 10 trading days.

Elite Trader Funding also offers Free Data Specials on the $100K and $250K evaluations and resets on the EOD and 1step programs, but not on fast tracks. Additionally, they offer Static Drawdown Evaluations, which have a maximum loss and no trailing drawdown. The minimum allowed balance does not change over time.

Pricing

How Much Money Can I Make?

When participating in a funded trading program, traders with fully funded accounts are rewarded with monthly payments based on their market performance. The amount of money that can be earned through such a program is influenced by a variety of factors, such as trading strategies and performance, as well as the specific type of funded trading program selected. Thus, it is crucial to thoroughly investigate the rules and regulations of various funded trading programs prior to making a decision.

What are the factors to consider when selecting a Funded Trading Program?

Choosing a Funded Trading Program can be a daunting task, but here are some key arguments to consider when making your decision:

• Overall Experience: Consider the reputation and track record of the funded trading program provider. Look for reviews and testimonials from other traders who have participated in the program, and investigate the program’s history and performance to ensure that it is legitimate and reliable.
• Assess Value: Look beyond the monetary benefits and evaluate the overall value of the program. Consider the quality of the training and education offered, as well as any additional resources or support that may be available. A program that offers comprehensive training and support can be more beneficial in the long run than one that only provides monetary incentives.
• Examine Funded Program Features: Look for a program that offers a trading platform and tools that are compatible with your trading strategies and goals. Consider the program’s risk management policies, maximum drawdowns, and profit-sharing structures. Additionally, examine the program’s funding requirements, withdrawal policies, and any other conditions that may affect your trading.
• Live Trading or Prop Firm Partnership Conditions: Consider the conditions for live trading and partnership with a prop firm. Understand the profit sharing and funding requirements, as well as any additional fees or charges associated with live trading or partnership. Look for a program that provides transparent and fair conditions for live trading and partnership.

Overall, the key to choosing a Funded Trading Program is to thoroughly research and evaluate each program’s features and conditions and to choose one that aligns with your trading strategies and goals.

Are Funded Trading Programs Trustworthy?

Funded Trading Programs can be trustworthy if you choose to work with a reputable company. However, as this is a relatively new business model in the industry, the quality of such programs can vary widely from one company to another. It’s essential to keep in mind that some companies might scam their clients solely for financial gain. Therefore, it’s highly recommended that you conduct thorough research and due diligence before deciding to participate in a Funded Trading Program.

FAQs

What is Funded Trader Program?

A Funded Trader Program allows skilled traders to trade with a specialized firm’s capital by paying an upfront fee and completing an evaluation period. The evaluation criteria include meeting specific trading metrics or objectives. If successful, traders receive a funded account with the firm and share a percentage of profits.

Why You should trade for a prop firm rather than with Your own capital?

Trading for a prop firm allows traders to access larger amounts of capital and trading resources than they might have on their own. Prop firms offer traders specialized training, coaching, and technology, which can help improve trading performance. Additionally, prop firms may offer better trading conditions and reduced costs, enabling traders to maximize their profits.

How to Become a Funded Trader?

To become a funded trader, individuals must first find and enroll in a reputable funded trader program offered by specialized firms. Typically, the program involves paying an upfront fee, undergoing an evaluation period, and meeting specific trading objectives. If the trader successfully meets the evaluation criteria, they will be awarded a funded account with the firm, which allows them to trade with the firm’s capital.

How do funded trader companies make money?

Funded trader companies, also known as prop trading firms or proprietary trading firms, make money through various means. Here are some common ways:

1. Trading profits:

Funded trader companies typically provide traders with a trading account and capital to trade with. The traders then use this capital to place trades in financial markets, such as stocks, currencies, commodities, or options. If the traders generate profitable trades, they receive a share of the profits, and the funded trader company takes a portion of the profits as well.

2. Commissions and fees:

Funded trader companies may charge traders commissions or fees for using their trading platforms, accessing their trading tools or resources, or receiving training and mentoring. These commissions and fees can generate revenue for the funded trader company, even if the traders’ trading activities do not generate profits.

3. Risk management:

Funded trader companies often impose risk management rules and limits on traders to protect their capital. For example, they may set maximum daily or weekly loss limits for traders to prevent excessive losses. If traders breach these limits, the funded trader company may charge them for the losses incurred or impose penalties. This risk management approach helps funded trader companies to mitigate potential losses and protect their capital.

4. Subscription or membership fees:

Some funded trader companies may offer subscription or membership plans to traders, which provide access to exclusive features, tools, or resources. Traders may pay a recurring fee for these services, which can contribute to the funded trader company’s revenue.

5. Training and education:

Funded trader companies may offer training and education programs to traders to enhance their skills and knowledge in trading. These programs may be offered at a fee, and the revenue generated from training and education services can contribute to the funded trader company’s overall profits.

6. Capital contribution:

In some cases, funded trader companies may require traders to make an upfront capital contribution to access their trading accounts and start trading. This capital contribution may be used by the funded trader company to generate profits through its own trading activities or investments.

How much can you make as a funded trader?

The potential earnings of a funded trader can vary significantly depending on a variety of factors, including the size of the trading account provided by the funded trader company, the trader’s trading strategy and skills, market conditions, and the risk management rules imposed by the funded trader company. It’s important to note that trading involves risks, and not all traders may be profitable.

In general, funded traders typically receive a share of the profits they generate from their trading activities, while the funded trader company takes a portion of the profits as well. The specific profit-sharing arrangements can vary depending on the funded trader company’s policies, but it’s common for traders to receive a percentage of the profits, typically ranging from 50% to 80%. For example, if a funded trader generates $10,000 in profits, and the profit-sharing arrangement with the funded trader company is 70%, the trader may receive $7,000 as their share, while the funded trader company retains $3,000.

The size of the trading account provided by the funded trader company can also impact a trader’s earnings. Typically, funded trader companies provide traders with a certain amount of trading capital to trade with, which can range from a few thousand dollars to several hundred thousand dollars or more, depending on the company. The larger the trading account, the greater the potential for profits, but also the higher the risk, as larger trading accounts may also result in larger losses if trades do not perform well.

It’s important to note that trading involves risks, and losses are also possible. Traders should carefully manage their risks, adhere to the risk management rules imposed by the funded trader company, and develop a solid trading plan and strategy to maximize their potential earnings as a funded trader. It’s also essential to thoroughly understand and comply with the terms and conditions of the funded trader company, including profit-sharing arrangements, fees, and other policies, to have a clear understanding of the potential earnings of a funded trader.