Most Handy Funded Trader Program: 2022 [9 Programs Tested]
Because trading offers people to make money more easily, the number of individuals who have a desire to try to be successful in this field.
But, it is not the secret that it is required from you to be able to invest a sufficient amount of money, if you really want to be successful in trading.
In addition, trading is one of the most risky jobs. If you don’t know how to manage your money, that is if you do not have the skill of risk management, trading, most probably is not for you.
If you want to minimize the risk in trading or you don’t have enough money to start trading, funded trader programs come to aid you.
So, first of all, let’s elaborate on what is actually a funded trader program.
Learn About Trader Programm
Funded trader program is a good choice for both beginners and professionals. Thanks to funded trader programs you have an opportunity to engage in your lovely job without investing any of your own money.
Funded trader programs are particularly designed for beginners who are still not able to earn a large amount of real money to make his/her name in trading, but have the potential to become a successful trader in the future.
But, beginner traders should be capable of using risk management rules and different trading strategies. The reason is that, they do not use their own money in funded trading.
If they do not have the skill of risk management and using trading strategy, they most probably will fail to be successful in funded trading.
It is true that, using funded trader programs has its own risks. However, the well-thought-out approach might help you achieve success in funded trading.
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The major advantage of funded trading platform
Majority of people who are interested in making money in trading don’t make a well-planned trading plan before starting their journey in this field.
It doesn’t matter whether you have good trading skills, if you do not decide before starting to trade which trading strategies, trading platform, analysis tools will you use in trading.
For that reason some funded trading platforms offer to educate you about trading with the help of webinars, lessons and helpful advice before getting started.
If a funded trading platform has this feature, it deserves to be considered as a good one. In addition, this feature gives trading platform advantage over its competitors.
But, at the same time, most importantly, there should be nice trading platforms and funded trading account partners who deserve to trust.
So, I personally recommend you to find out before creating a trading account if the funded trader program you would like to try offers webinars, lessons and advice.
After receiving funds, you should gain the profit of 80%. In that case, you might ask for your payment for your work done.
Are funded trading platforms really worth trying?
It is difficult to find the platform that offers its users such a good way of minimising the risk as a funded trader program does. In this way, funded trader programs attract many traders, as almost every trader has a desire to minimise the risk as possible and not to lose their invested money.
In funded trader programs, you are required to pay for the participation fee and the platform every month. But this fee is not so expensive that you couldn’t afford to pay for it.
However, in my opinion, funded trading programs completely deserve the amount of money you pay for it, since they offer funded traders a risk free way and a good opportunity to make money by trading.
After making payment for a monthly fee, you will have access to a funded account and real time data. But, you have a right to use a funded account, only if you prove that you are ready to start the journey in trading and you have enough information about trading psychology.
Otherwise, you have to try harder in order to improve your trading skills. But don’t worry, if a funded trading program finds out that you still have not gained the required level, as you always have an opportunity to progress with the help of regular lessons, webinars and advice of funded trading programs.
So, now, let’s take a look at 9 best funded trading programs in 2022.
TopstepTrader is considered as one of the fastest-growing companies in the United States. This achievement of TopstepTrader attracted millions of active traders and funded traders in recent years.
Topstep is continuing to grow and now it is the leader among funded trading programs and platforms. Nowadays, many trading platforms do not have brand name or reputation which plays the main role in attracting traders.
But, Topstep has both brand name and reputation in the world of trading. I think that, it is possibly one of the main advantages of Topstep and continuous growth and millions of users are because of this feature of Topstep.
Trading combine and demo account of Topstep
First of all, those who want to partake in a funded account program of Topstep must pass through the Trading Combine. Then, you will be given a demo trading account.
The amount of money in this account might be 50000 dollars, 100000 dollars or 150000 dollars depending on your skill of trading and using analysis tools.
In spite of the demo account doesn’t not have real money in it, you have an opportunity to buy what you want in financial markets. So, you can master trading by using demo and risk free account of Topstep that you are given before you will start trading with actual money.
This demo account is especially designed for testing traders if they are really ready and have the potential to make a large amount of money.
Characteristics required from traders in Topstep
- Most importantly, if you want to become a trader in Topstep, you should make profit while trading in a demo funded account. Profit you make is an indicator of your potential to grow in the future in trading. It is also required from you to show that you have an ability of taking control over drawdowns in the financial market.
- Secondly, you should be able to manage risks during day trading. Managing risk is counted as one of the beneficial characteristics that every trader or investor should have. The reason is that, during the process of trading you often put at risk not your money, but the money invested by investors. It means that those who are not capable of managing risk have no place in trading, especially in trading companies which trade with the investments made by people.
- You must also pass the first and the second steps within 15 days. If you can’t complete these steps in 15 days, you lose the chance to be a successful trader in one of the most popular trading platforms in the world.
- Before you start trading in the demo account, Topstep sets a profit target. It means that, you are required to make a specific amount of money in order to meet a profit target. In my point of view, this is another main indicator that you have the potential to be successful in trading and you are ready to start trading in real funded accounts of Topstep.
- You have to trade allowed financial products in the allowed part of the day. I think that, in this way, you are tested if you are ready enough to strictly follow rules and the trading strategy of the trading company. It is true that not every trader is capable of strictly following rules and strategies. Such traders most probably can’t get the job on popular trading companies, particularly in Topstep.
- It is not the secret that every trader or trader company doesn’t want to lose the money. Approaches to minimise the risk are especially designed for that reason. That’s why, you should have enough knowledge of strategies that help you in minimising the risk. Moreover, you should be able to use analysis tools correctly and effectively. Those skills help you in not exceeding the amount of money you are allowed to lose in a day. If you lose more money in a day, it becomes very difficult for you to pass through the testing process of Topstep.
- It is evident that the economic calendar has a huge effect on financial markets. If you don’t keep track of current economic events, you will possibly lose a large amount of money. It is very bad for not only trading company, but also for people who invested money. For that reason, Topstep recommends traders always being informed about current news and not to purchase financial products during popular releases related to economics.
- You must strictly follow the rules and the strategy of Topstep. Otherwise, there is no place for you in that program.
Benefits of passing the test in Topstep
Once you pass the test, you have access to the funded account of Topstep where you can open positions with zero risk and a good dedicated team consisting only of professionals of their work.
These enthusiastic people especially help you in making financial decisions, as in the beginning of your career you most probably do not have enough practice in the field.
If you are so interested in news about trading and investing, you have an opportunity to engage in news trading.
Forex trading in Topstep
In addition, Topstep is open to forex traders and it is one of the best places for being engaged in forex trading. In Topstep, in forex trading also, you have an opportunity to decide your final decisions or trades with professional experienced forex traders who can help you in making money in Forex.
But, you should again be capable of managing the risk in order to gain success in trading forex. For that reason, make sure that you have enough knowledge of risk management before creating your funded account.
Other advantages of Topstep
Analysis tools in Topstep are handy and help you in predicting the future performance of the trading system and.
You also use analysis tools in order to be aware of past performance of the trading system.
Topstep is a good place to earn money for those who want to build their career in trading activity, as it is designed for active trader.
Now, mobile apps play a main role in attracting traders, since it is very convenient to use. Topstep has its mobile app and you can download it on Play Market.
Come to the website of Topstep and find out more about it. If you want to share ideas about Topstep, leave your comment on Play Market or some website on the Internet.
In Topstep Forex also you are required to pass through Trading Combine, as Topstep Forex and Topstep Futures are very similar.
Topstep Forex is mainly appropriate for active trader who wants to make money in Forex. Completing Trading Combine is crucial for making sure that the account balance of Topstep is in reliable hands. And that reliable person might be you, if you successfully complete the Trading Combine.
Advantages of Topstep Forex
After starting to trade, you can take 80% of the first profit made by trades. Topstep Forex is also not a risky choice, as it promises to fund you with a sufficient amount of money to start the career as a trader. If you want to try Topstep forex, make sure you are knowledgeable enough to trade and minimise the possibility of losing money in your account.
You can also use Topstep Forex for informational purposes. With the help of a handy interface, you can easily find out about new trading opportunities and the trading system. Don’t you believe in it? Just try advanced features of Topstep Forex.
You can find and trade almost any currency pair you want on Topstep Forex. Funded accounts of Topstep Forex are so convenient to trade. You just needn’t lose money in account balance and should show your good sides during trades.
In TopstepForex, trading costs and the participation fee are not expensive. Just trade in Topstep Forex, gain the profit target and enjoy using the real account.
Major Difference between Topstep Futures and Topstep Forex
There is one major difference between Topstep Futures and Topstep Forex which those who want to trade in one of these programs should know about.
In Topstep Forex, the leverage is very risky in comparison with Topstep Futures. It means that when you trade in Topstep Future you take more risk. Anyways, it’s not your money and you shouldn’t worry about what happens if you lose money on the account.
Believe in yourself, you are intelligent enough once TradingForex considers you as that one who is appropriate for its growth program. In addition, you prove that you are a great trader by gaining the profit target in Trading Combine.
But don’t forget that TopstepForex doesn’t recommend traders to trade on important economical calendar days. The reason is that, it is more risky to trade in such days and as a result your trades might not be successful.
Let’s elaborate on another handy trader program which has a great website.
In Earn2Trade there is a Gauntlet Program mainly concentrated on Futures.
In this program you are given a virtual account. There will be 25000 dollars in this virtual account. Then, you should trade during minimum 3o calendar days with this virtual account. You are required to gain a profit target of 10% over this period.
Earn2Trade promises to fund traders who were able to trade successfully over a 30 days period.
In Gauntlet mini you should make monthly payment, before starting to trade. And you are required to trade based on rules. Otherwise, you will be restricted to use your account.
After webinars, lessons offered by Earn2Trade, you will have access to the funded account. In both programs you can take 80% of the profit because of profit share.
Price for Earn2trade services
Account size of Gauntlet Mini minimum 25000 dollars and maximum 150000 dollars. You should pay 130 dollars monthly, as pricing starts.
Nice offer by Earn2Trade
You can purchase any account size with 40% discount and start to trade right now!
If you want to find out more about Earn2Trade or create an account in Earn2Trade, just visit its website and become a great trader.
Trade and enjoy!
Fidelcrest is especially designed for providing you with a trader account. If you are looking for an active trader like you, Fidelcrest is the best choice for you, since it connects 6000 active trader across the world.
In the evaluation phase, you are given 40% of profit share and then 70-80% of profit share depending on your results in gaining profit target.
Platforms in FidelCrest
You can use Metatrader 4, 5 and cTrader in Fidelcrest.
Everyone who wants to trade in The5ers must complete the program called Level 1. In this program, profit target varies from 10% to 25%.
You can trade all popular currency pairs in The5ers,such as EUR/USD, AUD/CAD, USD/CHF and so on.
The major advantage of The5ers is that you get half of the profit, while other programs offer you less percentage of profit.
After achieving a profit target, the Level program should be finished. You get paid according to profit split and you can create a new account which has a higher level of funding when you become a Portfolio Manager Partner.
Platforms in The5ers.
There is no opportunity to use Metatrader 4 in The5ers. But, anyways you are offered to use the fifth version of the Metatrader platform, which is considered as one of the popular ones in the world.
The headquarters of The5ers is located in Raanana city, Israel. The address of its office is Enstar House, 168, Praed Street, London, Great Britain.
6. City Traders Imperium
Founded in the year of 2018 by Daniel Bautista Martin and Martin Najat, City Traders Imperium has headquarters in London, Great Britain.
This program offers a profit share of 50-70%. Those who want to trade on City Trader Imperium can use strategies in all kinds and they are given only a year to pass the evaluation phase. After, people passed the evaluation phase are invited to the higher Level called Portfolio Manager.
Scaling plan of City Traders Imperium is complicated to use.
Platforms in City Traders Imperium
You can use only one platform, Metatrader 4 on City Traders Imperium.
You should pay for services offered by City Traders Imperium in Great Britain Pounds. City Trader Imperium offers its users account size varying from 2500-17000 United States Dollars.
If you are looking for a good funded trade company that offers huge trading opportunities to its users, this program is especially for you.
7. Maverick Trading
Undoubtedly, Maverick is considered as one of the top trading companies. If you are not sure that you are not experienced enough to start to trade in Maverick, it offers you the service of professionals and popular robo advisors, such as Betterment, Elevest, Vanguard Personal Advisor Services and Charles Schwab Intelligent portfolios.
Maverick provides you with webinars and lessons all business days. It means that with the help of lessons and webinars during business days you can easily improve your skills.
Maverick is designed for trading options trading, equities and forex. The team of Maverick provides you with support, an impressive array of modern technologies and training lessons in order to help you adjust to the world of trading.
If you justify the trust of Maverick, they invite you to their team and provide you instant funding. The amount of instant funding might increase in the future depending on the profitability of your work.
So, if you consider yourself as an active trader, do not lose the opportunity to get instant funding and contribute to the development of Maverick.
Platforms available in Maverick
Majority of workers of Maverick use ThinkorSwim during evaluation. But , in live accounts most of them prefer to use Interactive Brokers. The reason is that Interactive Brokers is very convenient to use and it has a very handy interface which is easy to understand.
The program designing for Forex also uses Interactive brokers as its major tool in evaluation phase.
The major difference of Maverick from other programs is that its approach to teaching is more effective and extensive. That’s why you should pay about 7000 dollars, if you want to join the options program and 4000 dollars if you want to join the program designed for Forex.
So, if you want to be engaged in trading in Maverick, choose one of the online brokers and create your brokerage account.
There are many brokers in the financial market, but you should choose the handy one in order to place trades by a reliable broker firm. Otherwise, you might not trade profitably.
8. Try Day Trading
This funded trader software is designed only for people who have a desire to make money in Forex. So, Try Day Trade is one of the best choices for you if you are a Forex trader.
This funded trading program offers you not only helpful investments, but also free lessons which lasts 12 weeks.
By these lessons, both you and Try Day Trade make sure that you are ready to trade with the money of Try Day.
9. OneUp Trader
OneUp Trader is handy for both professionals and beginners and it doesn’t matter if you have lots of experience or absolutely no experience, you have an opportunity to show yourself and make some money at the same time.
You should pass through 2 stages in order to start to trade in OneUp Trader.
The first step is passing the evaluation process and the second is being funded by OneUp Trader.
In the first stage, you start with the Evaluation Program of OneUp Trader.
Then, in the second stage you have a chance to use a simulator. This simulator is designed for trading, watching the financial market and showing the best skills of yours.
Platforms available in OneUp Trader
You can use the best platforms like NinjaTrader, Agena Trader eSignal and so on in OneUp Trader.
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If you do not have a sufficient amount of money to trade, the programs I wrote about in this article might help you a lot.
Some of these programs, such as Topstep Futures, Earn2Trade, Maverick, OneUp Trader are especially designed for trading with futures or options, whereas others like Topstep Forex, Fidelcrest, City Traders Imperium, Try Day Trading, The5ers might be the best choice for those who have a desire to be engaged in Forex Market.
But, I personally believe that Topstep Futures with its brand name, reputation, a great number of users and a handy interface, is the best choice for both beginners and professionals.
So, do not lose the opportunity to sign up to the best funded trading program, that is Topstep Futures and get the best chances to be a great and successful trader!
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Author: J Maver
Passionate in tech, software and gadgets. I enjoy reviewing and comparing products & services, uncovering new trends and digging up little known products that deserve an audience.