You may be a seasoned trader who established a name for yourself internally, but you may be sick of reporting to a manager or making the daily commute to an office. Or perhaps you’re a diligent, expert market reader who enjoys playing the market and is thinking about making it your lucrative profession.
The transition from their present trading setups to a fully-funded trading account can be a game-changer for many trading beginners or seasoned home traders. As long as you’re willing to put in the time and effort necessary to achieve, there are many advantages to joining funded traders with a prop trading firm.In this guide we’ll discuss whether funded accounts are really worth it and how you can get started with a funded account.
What are funded trading accounts?
Funded trading necessitates that you trade on a company’s account. The prop trading firms offer you sufficient capital, buying power, and leverage with a funded trading account so that you can significantly profit from the financial market.
Some seasoned traders set themselves the aim of becoming funded traders because it can serve as their main source of equity and allows them to profit on the world’s most lucrative financial markets. Typically, the trader and the proprietary company have an agreement in place regarding the profit distribution.
Depending on the sort of financial instrument you are working with, there are different types of funded accounts. For instance, with a funded forex account, forex traders can try their abilities against the biggest financial market in the world. Some proprietary companies offer funded accounts that are tailored to traders of options and futures.
6 reasons to become a funded trader
- Capital to trade
You no longer need to be concerned if you have previously had difficulty investing your own money or are concerned about the stress that comes with selling your own money.
You are not putting personal funds at danger when you trade with a fully funded account. You are allowed to trade any amount of money you have at your disposal to make a profit; all of it comes from the fund.
Your earnings significantly rise, and you gain expertise at the same time.
- Trade anytime
This benefit is a pleasant change from most jobs that require set hours regardless of whether they suit your personality or not if you’re disciplined and can create a rigid plan to work from.
You choose the hours you trade when you use a completely funded trader account. The money is always available for transactions, just like the forex market. So be it if you’re a night owl and prefer to exchange after midnight. The fund will accommodate your hours once you determine the plan that works best for you.
- Make money every month
With funded trading programs, you are paid each month based on the success of the market. You don’t need to think as much about wins or losses as you do about doing well in the market because you aren’t using your own money to trade. You don’t have to worry about dealing with your own money and can instead concentrate solely on the trades.
When you trade independently, withdrawals will lower your market purchasing power. Profits are not deducted from your overall investment when you have a completely funded account with a prop trading firm.
- Approval in the trading world
Being accepted into the proprietary trading fund basically serves as a certification of your proficiency as a trader. The reason is that not all traders are accepted into the fund, and being accepted signifies that you did exceptionally well in a demanding test of your trading strategy skills.
Your aptitude, ability, willpower, and track record are all confirmed once you’re accepted to the fund.
For funded accounts, an accelerated size increase is frequently used. It implies that a trader receives an account with a starting balance, and that the business will then increase it whenever a trader achieves success in their trading.
Applying for funded accounts is one of the most successful account growth strategies in this manner. A trader may have access to institutional-grade software, which is used by professional traders, when trading with institutional support.
- Risk management
The fact that there is no risk involved in trading is the best justification for joining funded trader programs.
As a completely funded trader, there is no risk because you are not using your own funds. You will receive all of the capital from the selling fund, which relieves the stress of potentially losing your own money.
Plus, by working alongside other experienced traders, you can also develop your risk management strategies and skills and better manage your portfolio.
So – are funded trading accounts worth it?
In short: absolutely! With an expert funded trading programme, you can not only access the capital you need to trade, but you can also learn from experienced traders and develop your skills while enjoying a steady income.
If you’re looking for an alternative career path in the world of trading without the risk of losing your own money, funded trading accounts are definitely worth considering. So why not give it a try today? It could be life-changing!
For both beginners and experienced traders access to our Funded Trader Programme allows you to trade forex and cryptocurrency risk free!
We provide tools, expert training, and hands-on trading experience, but we also offer an exclusive trader development path for those who want to open a funded trading account with a $10,000 live fund.
Contact us today to learn more about our forex funded accounts and kickstart your trading journey.
Are funded accounts worth it FAQs
How do funded accounts work?
A qualified person is able to trade on behalf of a business using a funded trading account, which is a proprietary trading account. Funded trading accounts work because they enable individuals to use the corporate licence and trade in compliance with regulatory requirements while also giving them access to a real trading account.
In this manner, they can avoid the hassle of handling paperwork, making sure they have the minimal amount of funds necessary, obtaining the necessary trading licences and certifications, and more.
Is a funded account worth it?
Significant benefits of being funded by a prop company include having access to large amounts of trading capital that can increase your profits in comparison to your own small account and not having to put your own money at risk.
Can you make money with funded accounts?
Some seasoned traders set themselves the aim of becoming funded traders because it can serve as their main source of equity and allows them to profit on the world’s most lucrative financial markets.