There are so many prop-trading firms available out there, so we will discuss some highest paying and no evaluation Forex prop trading platforms that you can join even as a beginner. Today, technology dominates the world and Forex hasn’t escaped it either. Lately, there are so many chances available in the Forex market which makes it easy for even beginners to access it.
The amount you earn through trading totally depends on the risk you take. Higher the risk, higher the rewards. It is one of the major reasons why some people take up trading in Forex markets while others avoid it. If you want to earn instant money without risk in Forex market, then the Prop trading is the perfect solution. We’ll learn about some legit platforms that pay huge amount of profit through Forex trading.
Top prop-trading firms you can’t avoid as beginners
Here are some of the some most popular prop trading firms that helps trades when they start trading. All these platforms are available for traders around all the countries including but not limited to US, Canada, UK, France, Australia, India, Singapore, Dubai etc.
1. TopStepTrader
Based in Chicago, Illinois, TopStepTraders is believed to be one of the leading financial technology platforms. The mission of the company is to bring out the trader in you and help you succeed in tough markets. They evaluate the day traders’ performance with the real time topsteptrader combine account. Basically, it is funded program with stage 1 and stage 2 evaluation process. TopStepTrader is one of the highest paying prop trading firms. Their pricing plans are affordable for even beginners. However, you can try TopStepTrader combine discount to register over there at less price.
2. Uprofit Trader
Uprofit Trader is another funded trading platform. Lately, it has become popular due to its affordable pricing and wide selection of plans. Most importantly, you can use the copy trading application along with Uprofit Trader. If you are unsure about the plans and want to try some Forex platform where you can take signals from the authors, then you should try forexsignals. Make sure to consider using forexsignals.com coupons when you join to get discount on your first membership order.
3. MyForexFunds (MFF Prop Trading)
Based in Toronto, Ontario, Canada, MyForexFunds is one of the fastest growing Forex funding programs. It is because of their flexible plans and easy rules. While majority of the prop trading platforms provide strict rules, here they are liberal. If you know little about trading, then MyForexFunds is the perfect option. One of their most popular features is the instant funding plan. You get instant live account once you join the program. However, you need to wait for certain amount of profit before you can ask for withdrawal. If you are in hurry and don’t want to pass any evaluation processes, then MFF is probably the only option for you.
4. FTMO Trading
When it comes to prop trading firms, we can’t miss FTMO. They are believed to be the highest selling funded trading platform. TopSteptrading, MyForexFunds and FTMO jointly shares more than 70% of funding market shares. If you are a beginner or an advance trading looking for $50K or even $100K plan, then FTMO is probably the best choice. With 8% profit target and enough drawdown limit, you can easily pass the FTMO Challenge. You can search Youtube and browse so many videos helping to pass their challenges with perfect strategies. Most importantly, the FTMO allows your Expert Advisors (EA) too.
How to choose best prop firm for trading?
Above are some highly popular Forex funding platforms that most traders choose. If you have perfect strategy and want to implement on trading without worrying about losing real money, then prop forex firms are the perfect solution. Here you can take their 5K, 10K, 25K, 50K or even 100K plan and apply your trading skills to earn passive income as long as you follow the rules. We suggest to take tradingview pro account with discount price and implement your strategy over there first before starting with any broker.
While choosing any prop trading firm, you must consider their background and reviews. You should check few things; evaluation phases, daily drawdown limits, overall drawdown, profit criteria, minimum required trading days, weekend trading option, and EA is allowed or not. These are some common, yet critical things you should check before selecting the perfect prop funded trading platform for your Forex journey.
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