How to get a funded trading account?

Now that you have been trading for a while, sooner or later, you start thinking, ”Suppose once I could trade with 100,000 usd, wouldn’t I have much more profit left with my small capital”?

We can be complicated about it, but be kind to yourself, in the end, all traders want to make money. And preferably a lot of money!

But yes, you need a starting capital for that! And for most who are just starting their careers, this is not a very large capital.

Funded trading programmes, also called prop firms, respond to this need.

They provide capital to traders who prove they are profitable and can manage risk.

Signing up with a funded trading firm.

It is pretty simple to open an account with a funded trading programme. An overview of all funded trading programmes can be found in our extensive overview via this link.

After opening an account, you can often try a no-obligation demo to test how the platform works.

Different funded trading companies use different trading platforms. But many of them at least use Metatrader. (We are not necessarily a big fan of that at 247trading, but that aside).

The programme has also set ground rules on how much you can lose per day at most, also known as drawdown.

Be wise and take your time to see if you like the software, and if your trading strategy is suitable for the maximum allowed position size.

The infamous challenge, the threshold to a funded account!

You can’t escape it, every prop firm wants to see if you can do something before they let you trade with real money.

For this, they devised a challenge where you have to reach a predetermined profit over a certain period.

And if you achieve that, the flag can fly! Um, no, because, unfortunately, they often set up a second threshold (not all companies, by the way), where you have to show once again that your success in the first challenge was not just a matter of luck.

Congratulations, you have passed the challenge and any verification, funded!

So when you have completed all the qualifications, you get the account. From then on, you are ”funded” and the profit achieved is yours.

So finally you have the profit, as if you were trading with 100,000 USD yourself!

Oops, we have another disappointment in store for you. You have to hand over part of the profit to the funded trading company.

Some allow you to keep 90% yourself and do you hand over 10%. But some companies only allow you to keep 60% ”SLIK”.

Before you leave, check our extensive article to make sure you get your money quickly and properly, because we have found out which parties can be trusted.

Without a trading strategy, becoming a funded trader is hopeless.

Just leave out the lucky ones among us. It is only realistic to attempt to become a funded trader if you have some experience and trade with a strategy with a positive traders equation.

For example, a strategy with a positive traders equation is a risk-reward strategy where you are left with twice as much when you win, than when you lose.

Of course, trying the free trials in advance is fine to get acquainted with the platforms. You’ll find all the info in our article on that, click here to go to the article.

But take a challenge seriously and prepare well.