Trading is a game-changer for all traders wanting to become a funded trader. With the advanced technology today, trading has been made more accessible than ever, which brings greater opportunity to people who want to enter the trading world. But sometimes, having enough capital is the main obstacle for traders where prop trading firms can be the right solution.

Prop trading firms provide traders massive amounts of capital and all the necessary tools to succeed in their trading careers. This article will discuss the top 5 funded trader programs that can help you start your trading career with a capital boost.

How Funded Trader Programs Provide Capital Solution

Funded traders are individuals given access to capital by a proprietary trading firm or investment company to trade in the financial markets. This is a unique and most-awaited opportunity for traders who do not have the resources to trade on their own or those who want to elevate their trading power but don’t have enough financial requirements. Funded traders typically undergo a trading challenge and must demonstrate their trading skills and profitability before accessing the firm’s capital. In return, the trading firm takes some of the profits the funded trader earns. 

Funded trading programs have become increasingly popular in recent years, and they provide an opportunity for talented traders to develop their skills and potentially earn a substantial income. For people who love trading but don’t want to risk their hard-earned money, funded trading accounts can be the best option they can find. Now, if you plan to look for a funded trader program to help you get the capital you need and start your trading journey, here are 5 options to see what works best for you. 

Top 5 Funded Trader Programs for Aspiring Traders

• Toro Challenge by Trader2b

Trader2b is known for being one of the most cost-effective funded trader programs out there, the Toro Challenge. It’s an evaluation that allows traders to trade with a funded account if they can meet certain criteria provided by the program. Each trader will choose a subscription plan, which will be fully refunded after passing the Challenge.

The platform is your best option, especially for stock trading. And aside from a guaranteed full reimbursement, it will also grant traders a Haywood Trader App – an advanced and fast real-time app for trading, whether on desktop or mobile. Traders will also have a user-friendly dashboard to bring analytics and trading feedback for a more efficient trading experience. Plus, all funded traders will have access to free online video courses perfect for new traders looking for comprehensive educational guides in all aspects of trading.

• Trading Combine by Topstep Trader

Topstep offers fully funded trading accounts with real capital and the opportunity to trade for higher positions with a higher chance to profit. It is the best platform to offer a funded trader account for a futures trader. Their funded trader program starts with an evaluation called Trading Combine, where you are evaluated from a combination of proven profitability and risk management skills. 

You will be given trading objectives to follow, essential in determining whether you can become a funded trader. These objectives are developed and proven effective by their professional traders, which can help traders become successful and more disciplined as a trader.

After passing the Trading Combine Evaluation by showing consistent profitability with appropriate risk management, you will earn a funded trading account with a bunch of Topstep benefits, including an upto 90% profit split (100% off for the first $5,000), an expert coach for risk management, and more.

• Earn2Trade

The Gauntlet Mini is a trading challenge offered by Earn2Trade, a company that provides education and funding for traders. The Challenge evaluates traders’ skills and allows them to trade with a funded account.

To participate in The Gauntlet Mini, traders must pass a qualification process that involves trading a simulated account for a set period and meeting certain profit targets and risk management criteria. The trading challenge provides specific rules that each trader needs to follow. Once traders complete the qualification process – reached the profit target at a minimum of 15-day trading with maintained profit consistency, they can access a funded trading account with Earn2Trade’s partner trading firm.

• SurgeTrader

SurgeTrader is a prop firm with a stable and secure financing capability for funded trader programs to help aspiring traders start their trading journey. It offers a challenging yet rewarding trading challenge for traders, allowing them to demonstrate their skills and prove profitability and risk management. The funded trader program offers one-step evaluation with no time limits following simple yet straightforward rules and world-class customer support.

• FTMO

If you are into forex trading and want to pursue a funded account, FTMO’s funded trader program will be your best prospect. FTMO Challenge will start with an evaluation that requires traders to follow specific rules and conditions while proving their skills in trading profitably. After passing the Challenge, traders will proceed to the Verification stage.

After passing all the two-step trading evaluations, you will be given an account with capital ranging from $10,000 to $400,000 with an 80% profit split.

How to Find the Best Funded Trader Program for You

Finding the best-funded trader program can be daunting, but with little research and due diligence, you can find the right program that suits your needs. Here are some key factors to consider:

• Funding Requirements: Each funded trader program has different funding requirements, such as the amount of capital needed to start trading, trading restrictions, and drawdown limits. Carefully review each program’s funding requirements to ensure that it fits your budget and trading style.

• Track Record: Look for funded trader programs with a proven track record of success. You can check for reviews and testimonials from other traders who have used the program to gauge the firm’s reliability and effectiveness.

• Support and Resources: An excellent funded trader program should offer comprehensive support and resources to help traders succeed. This can include access to trading tools, educational resources, and personal coaching. 

• Fees and Costs: Funded trader programs may charge fees or commissions for their services, so reviewing and comparing each program’s costs is essential. 

By taking the time to consider these factors carefully, you can find the best-funded trader program that aligns with your trading style and goals and provides the necessary support and resources to help you succeed.