The Best Funded Stock Trading Accounts for Aspiring Traders

Aspiring traders often face the challenge of lacking trading capital or the necessary trading skills to succeed in the financial markets. This is where funded trading accounts come in, offering the opportunity to trade with real money and the guidance of an experienced trader. In this article, we will explore three of the best funded trading stock accounts for aspiring traders: TopStep Trader, FTMO, and Trader Career Path by Earn2Trade.

TopStep Trader

TopStep Trader is a Prop Firm that provides aspiring traders with the opportunity to trade in a live account with real money. To be eligible for a funded account, traders must complete the Trader Combine, a simulated trading competition that assesses a trader’s skills and strategies. Upon passing the Trader Combine, traders can then move on to the Trader Bootcamp, where they will learn about risk management and trading psychology.

One of the benefits of TopStep Trader is the flexibility of their funded accounts. Traders can choose between a Day Trader or a Swing Trader account, depending on their preferred trading style. There is also a profit goal that traders must meet within a certain time frame in order to receive their funding. You can also receive a 20% discount when signing up for TopStep trader for a limited time.
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FTMO

FTMO is a trading company that provides funded trading accounts to traders who pass their evaluation process. This process consists of two phases: the FTMO Challenge and the Verification. During the FTMO Challenge, traders must demonstrate their trading skills in a simulated account, while the Verification phase allows traders to trade in a live account with increasing levels of funding.

One of the unique features of FTMO is their emphasis on news trading, which involves analyzing and reacting to global economic events and news releases. This can be a useful strategy for traders looking to take advantage of market movements and volatility. FTMO offers a free trial if you would like to test out the platform before enrolling in a premium membership.
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Trader Career Path by Earn2Trade

Trader Career Path by Earn2Trade is a trader program that offers funded trading accounts to those who complete their education program and pass their evaluation process. The education program covers a range of topics, including trading stocks, forex trading, and trading psychology, to help traders build a strong foundation of knowledge and skills.

One of the key benefits of the Trader Career Path program is the support and guidance provided by experienced traders. This can be especially helpful for aspiring traders who may be new to the financial markets and need guidance on how to develop and implement effective trading strategies. Trader Career path also is offering 50% off their premium memberships and the Gauntlet Mini program for a limited time.

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OneUp Trader

OneUp Trader is a rapidly growing prop firm that offers a variety of funded trade accounts, ranging from $25,000 to $250,000. Unlike many prop firms that require a multi-step evaluation process, OneUp Trader has a straightforward one-step process, enabling eligible traders to get started quickly.

Once you start trading, you need to trade at least fifteen days to meet your profit target. After achieving this, you’ll receive placement with one of their funding partners.

OneUp Trader stands out with its robust analytics, support for many trading platforms, and no data fees, which are common to other prop firms. Click here to get started with OneUp Trader today.

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Audacity Capital

Audacity Capital is a proprietary trading firm that specializes in forex trading. They have been empowering profitable traders since 2012. The firm uses its capital to generate profits by hiring prop traders who operate as the company’s contractors. When these traders make profits, they receive a certain percentage, and the prop company takes care of the rest depending on the agreement.

Audacity Capital offers a unique Funded Trader Program that provides a fully-funded live trading account starting with $15,000 and scaling up to $500,000. They encourage a partnership built on transparency, respect, and fairness with their traders. Therefore, they split the profits fairly 50/50 and use a liquidity provider that benefits their traders to have tight spreads and no fees on commissions or swaps.

The program provides a fast scaling plan, where they double the capital every time the trader hits the 10% target. They also offer a 10% absolute drawdown, which is not trailing from the profits, where the trader is not liable for any losses.

Click here to learn more about Audacity Capital.

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Fidelcrest

Fidelcrest is a prop firm that offers funded accounts where traders can access a wide variety of assets, including stocks, indices, commodities, and forex. To get into the Pro Trader Program, you have to demonstrate your trading skills by completing their two-step evaluation process. First, you complete the Fidelcrest Trading Challenge, a 30-day trial period. Next, there’s the Verification phase, which requires 60 days. Fidelcrest also offers the Micro Trader Program for beginners who would like to test their skills before taking on a large account.

These accounts range from $10,000 to $50,000, while the Pro Trader accounts range from $150,000 all the way up to $1,000,000.

Click here to learn more about Fidelcrest.

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City Traders Imperium

City Traders Imperium is a prop firm known for its transparency and flexibility. To get started with City Traders, you must complete one of its Evaluation programs, like the Day Trading Challenge (for forex, indices, and commodities), or pay a larger sum to receive direct funding immediately.

One unique feature of City Traders Imperium is their free consultation call. On this call, you get access to a trading professional who will analyze your trading approach and psychology to see how you can improve your trading performance.

Click here to learn more about City Traders Imperium.

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OspreyFX Funded Trader Program

OspreyFX offers an exciting opportunity for traders to showcase their skills and earn profits without risking their own capital. Their Funded Trader Program allows you to trade their capital and keep 70% of the profits.

The program is divided into three stages:

• Demo Stage: This is the first stage where you familiarize yourself with the platform. The requirements for this stage include achieving a profit of 10% in 30 days, trading for a minimum of 10 days, and not exceeding a maximum overall loss of 12% or a maximum daily loss of 5%.
• Verification: After successfully completing the first stage, you move on to the second stage where you continue to prove your skills on another demo account. The requirements remain the same, but you have 60 days to achieve an 8% profit. You also need to follow the Consistency Rule, which states that the profits earned on your best trading day must not exceed 30% of the overall profit earned.
• Get Funded: Upon successful completion of the second stage, you get funded and can start trading with a real account. You receive 70% of profits with weekly payouts, and you’re not liable for any losses.

OspreyFX offers four different account sizes for the Funded Trader Program: Basic ($25,000), Starter ($50,000), Pro ($100,000), and Advance ($200,000). Each account size comes with a one-time refundable fee, and upon completion of the verification challenge, you receive a $1000 bonus.

This program is a great opportunity for traders to develop their strategies, earn profits, and gain experience without the risk of losing their own capital. Click here to learn more.

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Lux Trading Firm

Lux Trading Firm is a proprietary trading firm that provides funded accounts to forex traders. They offer a unique opportunity for traders to trade with their capital, and in return, the traders get to keep a significant portion of the profits they make.

Lux Trading Firm offers a variety of account sizes ranging from $25,000 to $1,250,000, allowing traders to choose the account size that best suits their trading style and risk tolerance. They provide a generous profit split of 50% for the $25,000 account and up to 80% for the $1,250,000 account.

The firm has a straightforward evaluation process that consists of two steps. The first step is the Evaluation phase where traders are given a demo account with a profit target of 10% to be achieved within 30 days. The second step is the Verification phase where traders are given a new demo account with a profit target of 5% to be achieved within 60 days. Once both phases are successfully completed, traders are given a funded account.

Lux Trading Firm stands out for its flexible trading conditions. They allow traders to trade 24/5, use any trading style, including scalping and hedging, and there are no limits on the number of lots that can be traded daily.

Click here to learn more.

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Leeloo Trading

Leeloo Trading is a performance-based proprietary trading firm that offers a unique platform for traders to test their skills in the market with simulated currency and the potential for payouts via periodic performance-based contests.

Leeloo Trading offers a variety of account sizes, each with different monthly fees, contract limits, profit targets, and trailing drawdowns. For example, their “Leeloo Express” account offers a $100,000 balance with 12 contracts, a $6,000 profit target, and a $3,000 trailing drawdown for a non-recurring fee of $77 for 14 days.

The firm’s trading program is structured in two steps. The first step is to purchase a Leeloo Practice Account and achieve the profit target without meeting your loss limit within 10 traded days. The second step is to move into a Leeloo Performance Account, meet set benchmarks, and receive the potential opportunity to earn real payouts.

Leeloo Trading stands out for its flexibility and trader-friendly rules. They allow swing trading, trading with full contracts, trading during holidays and news events, and they provide live market data and a free Ninja License Key. They also offer a Leeloo App that allows traders to close trades from anywhere, participate in contests, and view trading days and progress.

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Pros and cons of funded trading accounts

Funded trading accounts present many advantages for individuals looking to enhance their trading career, including the chance to trade with real money, gaining exposure to real-time data and potential interactions with professional traders. Despite these benefits, these accounts also come with drawbacks that need careful consideration.

One disadvantage is the risk associated with not meeting the profit targets or not adhering to the pre-set daily loss limit by the trading program. This can result in loss of funding, which could be a considerable financial blow for traders who have invested time and resources into their trading career.

Moreover, funded trading accounts could also require high initial deposits or one-time fees, which may be burdensome for those with limited resources. It is, therefore, vital to scrutinize all terms and conditions associated with any funded trading account before joining.

Funded trading account features

There are a number of features to consider when evaluating funded trading accounts. Some of the key features to look for include:

• Initial deposit requirements: High deposit prerequisites can pose a challenge for traders with restricted resources.
• Profit targets: Funded trading accounts often have profit targets that traders need to achieve within a specified number of calendar days to receive their funding. Assessing whether these targets are feasible based on one’s trading style and strategies is crucial.
• Daily loss limit: This helps manage risk but should also align with a trader’s risk tolerance and trading style.
• Trading platform: The platform impacts a trader’s ability to interpret market data and execute trades efficiently. A user-friendly platform with ample tools and features is necessary.
• Educational resources: Many trading programs offer educational resources like webinars, workshops, and mentor support to help traders improve their skills.
• Trading capital: The amount of trading capital offered by the proprietary trading firm will affect a trader’s ability to execute trades and potentially realize profits.

Things to look for in funded trading accounts

When evaluating funded trading accounts, there are a number of factors to consider in order to find the right program for a trader’s needs. These include:

• Reputation: A thorough background check on the trading company or prop trading firm is essential to ensure their credibility.
• Fees: Some accounts may charge for account maintenance or educational resources. It’s vital to understand the fee structure.
• Withdrawal policies: Understanding the withdrawal process and any potential restrictions or fees is key.
• Support: The level of support offered by the trading program can greatly influence a trader’s success. Look for programs that offer mentor support, educational materials, and webinars.

Which is the best funded stock trading account?

Choosing the right funded trading account is a personal decision that will depend on a trader’s individual needs and goals. It is important to carefully evaluate the pros and cons of each program and consider factors such as the profit goal, daily loss limit, educational resources, and trading capital.

Aspiring traders should also consider their own trading style and risk tolerance when evaluating funded trading accounts. Some traders may prefer a more hands-on approach, while others may be more comfortable with a more passive approach. Ultimately, the best funded trading account for an aspiring trader will be one that provides the right combination of support, education, and capital to help them succeed in the capital markets

Related Prop Trading Firm Reviews:

• Earn2Trade Review
• FTMO Review
• TopStep Trader Review
• Trader Career Path Review
• Fidelcrest Review
• City Traders Imperium Review
• SurgeTrader Review
• OneUp Trader Review
• The 5ers Review
• The Funded Trader Review
• AudaCity Capital Review
• FundedNext Review
• Lux Trading Firm Review
• Leeloo Trading Review
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