Funded Forex Trading Account Reviews & Ratings

Jeremy BiberdorfBy: Jeremy Biberdorf

September 24, 2023September 24, 2023

A funded forex trading account means trading with money lent to you by a prop firm. This allows you to trade larger positions than you could with your capital, increasing potential profits and losses. While the trader can access more capital and potentially bigger returns, the prop firm shares profits without direct trading.

The rewards can be great, but so are the losses. They could lose their funded account if traders don’t follow the rules. You must understand all guidelines before starting. A funded forex trading account can be rewarding with the right mindset and approach. But go in with realistic expectations – it’s risky business! Here are our top picks on the best funded forex trading accounts.

Top Picks on The Best Funded Forex Trading Accounts

When looking for a funded forex trading account, you have several solid options. Here are our top picks:

  • Fidelcrest: Best for traders looking for variety in assets and flexibility. They offer accounts with tiered funding up to $1 million and over 100 tradable instruments.
  • City Traders Imperium: Best for transparent processes and direct consultation. They provide a simple, straightforward evaluation and onboarding process with dedicated support.
  • FTMO: Best overall, especially for traders aiming for a structured trading environment. They give you access to a wide range of resources, education, and accounts from $10K up to $1M.

Fidelcrest

 Fidelcrest Logo

Fidelcrest offers funded forex trading accounts with some attractive benefits. You get to keep up to 90% of the profits, depending on which challenge you choose—the normal or aggressive. With $250K to $1M in starting capital for pro traders or $15K to $60K for micro traders, you’ll have enough leverage to make solid gains.

The best part is the flexibility. You can copy expert traders, trade on weekends, react instantly to news events, and trade without mandatory stop losses or consistency rules. Whether you prefer MT4 or MT5, the platform is up to you.

With over 1,000 reviews on Trustpilot and an average rating of 4.6 stars, Fidelcrest is worth considering. Tradersunion and Forex Prop Previews also give Fidelcrest high marks, with ratings of 4.2 and 5 stars, respectively.

Ammar – September 12, 2023
“Fidelcrest is one of my Top prop firms. Their excellent support team (Juan is brilliant!), and they always resolve issues quickly. They can be slower in approving accounts, but it’s worth it. Fast payouts!”

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City Traders Imperium

 City Traders Imperium Logo

City Traders Imperium offers funded forex trading accounts for qualified traders. Once you pass their evaluation, you can access a live-funded account with profit sharing. This London-based prop firm was founded in 2018 by Daniel Martin and Martin Najat.

City Traders Imperium could be appealing if you’re a profitable forex trader looking for a funded account. They work with day, swing, and traders of any style. Reviews of City Traders Imperium are primarily positive. They have a 4.9/5 rating and 277 reviews on Google My Business, 4.7/5 and 907 reviews on Trustpilot, and 4.7/5 on Forex Broker Report.

To get started, you open a demo account to show your skills. If you meet their metrics over 2-4 weeks, you’ll get a funded live account with up to 80% profit sharing. City Traders Imperium is worth considering if you want to trade forex with a reputable prop firm’s capital.

Paul Archambault -September 08, 2023
“I thoroughly researched many other programs and found that CTI has one of the most flexible and best-funded programs. Their signup and setup process was quick and easy, and customer service was quick and professional to respond to my questions. I look forward to having a long, rewarding trading relationship with CTI.”

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FTMO

 FTMO Logo

FTMO is a proprietary trading firm that funds aspiring Forex traders. To get funding, you must pass their evaluation, which has two parts. The Challenge and Verification. The Challenge tests if you can make profits following their rules for two months.

If you pass, the Verification evaluates your live trading for another month. Pass, and you get a funded account. FTMO takes 20-30% of profits, but you keep 70-80% with no risk of losses. They offer accounts from $10K to $200K.

FTMO gets top reviews for its transparent model and funding of real money accounts. On Trustpilot, Forex Broker Report, and TrustIndex, FTMO scores around 5 out of 5 stars. Check Google Play, too, where FTMO has over 800 reviews and 4.5 stars.

Don Mac – September 08, 2023
“Many people go to other prop firms because of the price or because it is a little easier to pass. I take trading seriously, and I can appreciate the more strict rules. FTMO didn’t get to the leader in prop firms by accident. The customer service has always been top-notch.”

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Final Thoughts on Funded Forex Trading Accounts

Selecting a funded forex account is a big decision. Do your due diligence by comparing profit splits, support, platforms, education, and reviews. Consider your trading style, risk tolerance, and preferred assets to find the right firm.

Traders can work with multiple prop firms, accessing resources, tools, and capital. This diversification allows you to collaborate and leverage the strengths of different companies. Some firms offer higher payouts but less support. Others provide robust platforms and education but take a bigger share of profits.

The ideal situation is an account offering fair splits, premium services, and the freedom to trade your way. Keep an open mind, consider all options, and go with what resonates most. With the right match, funded forex trading can be a lucrative and liberating career path.

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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