In the dynamic landscape of trading prop firms, the integration of Expert Advisors (EAs) stands as a crucial element for traders seeking automated trading solutions. As January 2024 dawns upon the trading sphere, the search for prop firms accommodating EAs trading becomes imperative for traders seeking to leverage algorithmic strategies. At WhichFunded, we recognize the significance of this feature and meticulously curate a selection of two prop firms that facilitate EAs trading.
EAs, programmed algorithms designed to execute trades automatically, provide traders with the advantage of executing predefined strategies without continuous manual intervention. Understanding the pivotal role these tools play in traders’ arsenals, our team diligently explores the realm of trading prop firms to identify those that welcome and support the integration of EAs.
For traders seeking the efficiency, precision, and consistency offered by algorithmic trading, access to prop firms enabling EAs becomes instrumental. These prop firms not only allow the integration of EAs but also provide the necessary support and infrastructure to harness the full potential of automated trading strategies.
Join WhichFunded on this quest as we unveil the two prop firms at the forefront of accommodating EAs trading in January 2024. Explore these opportunities that empower traders to harness the capabilities of automated trading strategies, optimizing their trading potential within the realm of funded trading programs.
Nova Funding
Trust Pilot
3.9/5
Get Funded
10% Coupon:”Whichfunded”
| MAXIMUM CAPITAL: |
|---|
| $400,000 |
| EVALUATION: |
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| 1-Step |
| TRADABLE ASSETS: |
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| Forex, Crypto |
| PRICE: |
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| From $297 |
| PROFIT SPLIT: |
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| Up to 80% |
| TRADING PLATFORMS: |
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| MT4 |
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
KEY FACTS
- Nova Funding offers a 1-Step Demo Evaluation Program for forex traders.
- Traders who perform well can access the “Experienced Trader Stage” with competitive commission payouts.
- Commission-eligible simulated buying power of up to $400,000 is provided.
OVERVIEW
Nova Funding is a simulated prop trading firm for forex traders. They provide a 1-Step Demo Evaluation Program where traders can test their skills in a paper trading environment. Successful traders can progress to the Experienced Trader Stage, unlocking competitive commission payouts. Nova Funding offers up to $400,000 in commission-eligible simulated buying power.
ABOUT THE COMPANY
Nova Funding aims to accelerate traders’ access to their commission-eligible paper trading accounts. They partner with Foreign Exchange Clearing House Ltd. (FXCHL) as a technology provider. While Nova Funding operates globally, there are certain country restrictions due to regulatory limitations. The company offers a gamified trading experience, including trader leaderboards and increased commission payouts based on performance.
Pros
- Flexible Time Limits
- News Trading Allowed
- Copy Trading Allowed
Cons
- Crypto Payouts Only
- Expensive Challenge
FundedNext
Trust Pilot
4.6/5
Get Funded
5% Coupon:”WHICHFN5″
| MAXIMUM CAPITAL: |
|---|
| $4,000,000 |
| EVALUATION: |
|---|
| One-Step Evaluation, Two Step Evaluation |
| TRADABLE ASSETS: |
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| Equity Futures, Forex, Energy, Metals, Interest Rate Futures |
| PRICE: |
|---|
| From $49 |
| PROFIT SPLIT: |
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| 60% Up to 90% |
| TRADING PLATFORMS: |
|---|
| MetaTrader 4 |
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
KEY FACTS
- Funding Promising Traders Worldwide
- 195+ Countries Covered
- $51M+ Total Payout
- 5 hrs Avg. Payout Time
- 51K+ Funded Traders
- 15% Profit Sharing from Challenge Phase
- No Time Limit on Challenge Phase
- Balance Based Drawdown
- Raw Spreads & Lowest Commissions
OVERVIEW
FundedNext is a prop trading firm that offers funding opportunities to promising traders worldwide. They provide traders with the chance to trade up to $300,000 on a FundedNext account and earn up to 95% of the profits. The company stands out by offering unique features such as 15% profit sharing from the challenge phase, no time limits in funding challenges, balance-based drawdown calculations, and raw spreads with lowest commissions.
ABOUT THE COMPANY
FundedNext aims to be the best partner for traders by providing fast access to trading accounts, expert technical support, fastest payouts through various options, reset top-up options, and monthly competitions. They prioritize offering the best prop trading conditions with their trading servers, GrowthNext and Inecenteco, which ensure faster execution, super raw spreads, and the lowest commissions. The company is registered and licensed as an International Business Company (IBC) and operates with the support of GrowthNext & Incenteco trading platforms.
Pros
- 15% profit split from challenge
- Accounts merge allowed
- EAs allowed
- 90% profit split
- Indicators allowed
Cons
- Copy trading is not allowed
- New prop firm
