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.
- Elite Trader Funding: Best for a simple, one-step process to funded forex trading. They offer just one account with up to $100K in buying power and over 40 currency pairs, metals, and indices to trade.
- 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 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.
City Traders Imperium
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.
Elite Trader Funding
Elite Trader Funding offers traders a unique way to get started, with multiple account types to choose from. You can start with a simulated account to hone your skills, then potentially move on to a funded live account.
The evaluation program allows you to trade risk-free for up to 90 days. If you meet their profit targets, you’ll receive a funded trading account with a 70% profit split in your favor. The best part is you don’t have to risk your capital. Elite Trader Funding provides the account funding, and you keep 70% of the profits.
They offer swing trading, day trading, and forex trading accounts so you can focus on your preferred markets and strategies. Customize your account with flexible position sizing, leverage, and trading hours. This firm has outstanding reviews on Trustpilot and Onlinepoptrading, with 4.4 from 119 reviews and 4.7, respectively.
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.
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.