Welcome to WhichFunded, your trusted resource for navigating the world of trading prop firms. If you’re a trader in search of prop firms that embrace the use of Expert Advisors (EAs) in trading, you’ve come to the right place. In this article, we will unveil the top six prop firms renowned for their support of EAs, offering exceptional opportunities for traders looking to leverage automated trading strategies.
The use of Expert Advisors has revolutionized the trading landscape, providing traders with the ability to execute trades automatically based on predefined rules and algorithms. At WhichFunded, we recognize the power of EAs in streamlining trading processes and enhancing trading performance.
In this article, we have handpicked the top six prop firms that excel in enabling EAs for traders. These firms have established themselves as leaders in the industry, understanding the value of automated trading strategies. They provide traders with cutting-edge platforms, robust technical infrastructure, and comprehensive support to seamlessly integrate and deploy EAs for optimal trading success.
Join us as we delve into the details of these prop firms, exploring their unique offerings, evaluation processes, and the support they extend to traders interested in utilizing EAs. We understand that finding the right prop firm is pivotal for your trading success, and our goal is to provide you with valuable insights and guidance to make an informed decision.
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: |
|---|
| 60% Up to 90% |
| TRADING PLATFORMS: |
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| 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
The Funded Trader
Trust Pilot
4.4/5
Get Funded
5% Coupon:”TFTTrader9856477″
| MAXIMUM CAPITAL: |
|---|
| $1,500,000 |
| EVALUATION: |
|---|
| One-Step Evaluation, Two Step Evaluation |
| TRADABLE ASSETS: |
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| Forex, Indices, Metals, Commodities, Crypto |
| PRICE: |
|---|
| From $65 |
| PROFIT SPLIT: |
|---|
| 80%, up to 90% |
| TRADING PLATFORMS: |
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| MT4, MT5 |
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
KEY FACTS
- The Funded Trader program offers trading challenges for aspiring traders.
- Traders can participate in different challenge levels, such as Standard, Royal, Rapid, and Knight’s Challenge.
- The program provides simulated trading accounts and evaluates traders based on their performance.
OVERVIEW
The Funded Trader program allows traders to take on trading challenges to showcase their skills and potentially receive funding. Traders can choose from various challenge levels that offer different benefits and features. The program provides simulated trading accounts where traders can execute trades and demonstrate their abilities. Successful traders can progress through the evaluation process and become funded traders, receiving a virtual profit split based on their performance. The program aims to support and empower traders in building their trading careers.
ABOUT THE COMPANY
The Funded Trader is a platform that aims to help traders develop their trading skills and access funding opportunities. The company offers a structured evaluation process through trading challenges, allowing traders to prove their abilities and potentially receive financial backing. By providing simulated trading accounts and a supportive environment, The Funded Trader strives to assist traders in achieving their trading goals and building successful trading careers.
Pros
- Good scaling
- High leverage
- Merge funded accounts
- No time limits
- News trading allowed
Cons
- Virtual funds & demo account
- EAs not allowed
- Overnight & weekends holding not allowed
Nova Funding
Trust Pilot
3.9/5
Get Funded
10% Coupon:”Whichfunded”
| MAXIMUM CAPITAL: |
|---|
| $400,000 |
| EVALUATION: |
|---|
| 1-Step |
| TRADABLE ASSETS: |
|---|
| Forex, Crypto |
| PRICE: |
|---|
| From $297 |
| PROFIT SPLIT: |
|---|
| Up to 80% |
| TRADING PLATFORMS: |
|---|
| 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
True Forex Funds
Trust Pilot
4.6/5
Get Funded
10% Coupon:”Whichfunded”
| MAXIMUM CAPITAL: |
|---|
| $400,000 |
| EVALUATION: |
|---|
| Two Step Evaluation |
| TRADABLE ASSETS: |
|---|
| Forex, Indices, Metals, Commodities, Stocks, Crypto |
| PRICE: |
|---|
| From $89 |
| PROFIT SPLIT: |
|---|
| Up to 80% |
| TRADING PLATFORMS: |
|---|
| MT4, MT5 |
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
KEY FACTS
- Funding Forex Traders platform
- Evaluation program to get funded up to $400,000
- Fast payouts within 24 hours
OVERVIEW
True Forex Funds is a funding platform for forex traders. They offer an evaluation program where traders can showcase their skills and get funded up to $400,000. The platform provides fast payouts, typically within 24 hours, and aims to support traders in their journey towards success.
ABOUT THE COMPANY
True Forex Funds is a proprietary trading firm that was established in 2021 in Hungary, Central Europe. They are focused on creating a supportive community of funded traders and offer a range of benefits such as advanced statistics, account analysis, and access to the trading strategies of successful traders. The company prioritizes smooth and timely payments, favorable trading conditions, and responsive customer service.
Pros
- up to 80% profit split
- Relaxed trading rules
- Multiple trading platforms available
- Comprehensive evaluation process
- Growing opportunities
Cons
- Monthly fee for evaluation
- Restrictive loss limits for some trading styles
E8 Funding
Trust Pilot
4.7/5
Get Funded
8% Coupon: “WHICHFUNDED”
| MAXIMUM CAPITAL: |
|---|
| $1,000,000 |
| EVALUATION: |
|---|
| Two Step Evaluation |
| TRADABLE ASSETS: |
|---|
| Forex, Indices, Metals, Commodities, Stocks, Crypto |
| PRICE: |
|---|
| From $228 |
| PROFIT SPLIT: |
|---|
| Up to 80% |
| TRADING PLATFORMS: |
|---|
| MT4, MT5 |
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
KEY FACTS
- E8 Funding offers innovative approaches to provide opportunities for Forex traders worldwide.
- They have developed unique evaluation programs and accessible trading platforms.
- Traders can learn, earn, and trade remotely from any location across the globe.
OVERVIEW
E8 Funding is a company that focuses on providing opportunities for Forex traders globally. They are not just a company but also a community of traders dedicated to uncovering hidden talent. E8 Funding offers unique evaluation programs and user-friendly trading platforms, allowing traders to learn, earn, and trade from anywhere in the world.
ABOUT THE COMPANY
E8 Funding is a company that aims to empower Forex traders by providing them with innovative opportunities. They have developed evaluation programs and trading platforms that enable traders to learn, earn, and trade remotely. E8 Funding is passionate about discovering hidden talent within its community and offers scalable account options to meet individual needs.
Pros
- Overnight & weekend holding allowed
- Several funding program plans
- Scaling plan
- High leverage
Cons
- High commissions
- No call center
Smart Prop Trader
Trust Pilot
4.7/5
Get Funded
10% Coupon:”Whichfunded”
| MAXIMUM CAPITAL: |
|---|
| $400,000 |
| EVALUATION: |
|---|
| 2-Step |
| TRADABLE ASSETS: |
|---|
| Forex, Crypto, Indices, Metals |
| PRICE: |
|---|
| From $67 |
| PROFIT SPLIT: |
|---|
| Up to 90% |
| TRADING PLATFORMS: |
|---|
| MT4, MT5 |
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
KEY FACTS
- Smart Prop Trader: Forex prop trading firm.
- Virtual trading accounts: No minimum or maximum trading days.
- Challenge phases: Varying profit targets and maximum losses.
- Leverage: Up to 1:100 for simulated forex instruments.
- Affiliate program and instant funding available.
OVERVIEW
Smart Prop Trader is a forex prop trading firm offering virtual trading accounts without restrictions on trading days. Traders can progress through challenge phases with different profit targets and maximum losses. Leverage of up to 1:100 is provided for simulated forex instruments. The company also offers an affiliate program and instant funding options.
ABOUT THE COMPANY
Smart Prop Trader is a forex prop trading firm that provides flexible virtual trading accounts. With no limitations on trading days, traders can advance through challenge phases to achieve varying profit targets and maximum losses. Leverage of up to 1:100 is available for simulated forex instruments. Additionally, the company offers an affiliate program and instant funding options.
Pros
- News Trading
- No Minimum Trading Days
- Free Trial
- Efficient Payment System
Cons
- High Difficulty Level
- Limited Chat Support
