Introduction
Trading in the financial markets has become increasingly popular in recent years. However, many traders struggle to make consistent profits and lack the necessary capital to grow their accounts. This is where funded trader programs come in. In this article, we will explore the best funded trader programs available in 2023.
What is a Funded Trader Program?
A funded trader program is a scheme where traders are given access to trading capital provided by a third-party firm. The trader is required to meet certain performance targets and risk management rules to keep the funding. If they are successful, they can keep a portion of the profits made with the funding.
Top Funded Trader Programs in 2023
1. TopstepTrader
TopstepTrader is a popular funded trader program that has been around since 2012. The company offers a variety of funding options, ranging from $30,000 to $150,000. Traders are required to pass a Trading Combine, which consists of a simulated trading evaluation. If they meet the requirements, they can access the funding and keep up to 80% of the profits made.
2. FTMO
FTMO is another well-known funded trader program that was established in 2015. The company offers funding options starting from €10,000 up to €300,000. Traders must pass a two-stage evaluation process, which includes a simulated trading evaluation and a live trading evaluation. Successful traders can keep up to 70% of the profits made with the funding.
3. Earn2Trade
Earn2Trade is a newer funded trader program that was founded in 2017. The company offers funding options ranging from $50,000 to $500,000. Traders are required to pass a Trading Combine and a live trading evaluation. Successful traders can keep up to 80% of the profits made with the funding.
Factors to Consider When Choosing a Funded Trader Program
When choosing a funded trader program, there are several factors to consider. These include:
1. Funding Options
It’s important to choose a funded trader program that offers funding options that suit your trading style and goals.
2. Evaluation Process
The evaluation process should be fair and transparent, with clear guidelines on what is required to pass.
3. Profit Split
You should consider how much of the profits you will be able to keep if you are successful in meeting the program’s requirements.
4. Risk Management
The funded trader program should have strict risk management rules in place to protect both the trader and the funding provider.
Conclusion
Funded trader programs can provide traders with the capital they need to grow their accounts and become successful traders. The best funded trader programs in 2023 include TopstepTrader, FTMO, and Earn2Trade. When choosing a funded trader program, it’s important to consider factors such as funding options, evaluation process, profit split, and risk management rules.
