In this post, I’ll show you EXACTLY what are the Top 3 funded program to trade Forex.
In fact, these are the same programs that we have been using to fund our 1 million dollar accounts in the past couple of months.
Top 3 FOREX funded programs
by Which Funded September 2023
- First program #1: MyForexFunds
- Second program #2: The Funded Trader
- Third program #3: Apex Trader Funding
Understanding Funded Trading Programs and Prop Firms
If you’re new to the trading world, you may have heard of funded trading programs and prop firms. But what exactly are these and how do they work?
A funded trading program is a partnership between a trader and a firm, where the firm provides the trader with capital to trade with in exchange for a percentage of the profits. Prop firms, on the other hand, are trading firms that provide traders with a platform and capital to trade with. In exchange, the traders share a portion of their profits with the firm.
These programs and firms are popular among traders who don’t have access to large amounts of capital or who want to mitigate their risk. However, it’s important to note that not all funded trading programs and prop firms are created equal.
Understanding Funded Trading Programs and Prop Firms
Before signing up for a funded trading program or joining a prop firm, it’s essential to understand the terms and conditions. Some programs may require a trader to pay a fee upfront, while others may charge a monthly fee. It’s crucial to read the fine print and understand the fees and profit-sharing arrangements before signing up.
Additionally, not all funded trading programs and prop firms are regulated. It’s essential to do your research and ensure that the program or firm you’re considering is legitimate and regulated by the relevant authorities.
First program #1: MyForexFunds :
My Forex Funds is a prominent name in the world of funded trading programs, offering traders an opportunity to showcase their expertise and earn generous bonuses and profit splits. In this review, we will delve into the key features, benefits, and requirements of the My Forex Funds Funded Trading Program, providing you with a comprehensive overview of what this program has to offer.
Program Options:
My Forex Funds offers three distinct programs tailored to different experience levels:
- Rapid (Some Knowledge):
- Designed for traders who are new to prop trading.
- Earn bonuses from day one.
- Low entry cost.
- Progression into a professional trader.
- Evaluation (Experienced):
- Geared towards experienced traders looking to prove their skills.
- Two-phase evaluation process.
- Generous drawdown limits.
- Profit split of up to 85%.
- No maximum trading days.
- Accelerated (Trades full-time for a living):
- Ideal for full-time traders seeking immediate funding.
- Industry-leading profit split.
- Speedy upscaling.
- Multiple funding levels are available.
Benefits of My Forex Funds Funded Trading Program:
-
Cutting-edge Trading Environment:
My Forex Funds is committed to investing in advanced technologies to provide traders with the best possible trading environment. This ensures optimal trading conditions and enhances the overall trading experience.
-
Platform Flexibility:
Traders can choose between Metatrader 4 and Metatrader 5, selecting the trading platform that aligns with their preferences and strategies. This flexibility allows for seamless trading execution.
-
24/7 Support:
My Forex Funds understands the importance of prompt support. Their dedicated support team is available round the clock to assist traders with any queries or concerns related to their funded accounts.
-
Active Community:
Joining My Forex Funds means becoming part of a vibrant trading community. Traders can actively engage with fellow members, share insights, and receive real-time information on Discord. This community-driven approach fosters positive trading behavior and promotes knowledge sharing.
-
Automated Funded Accounts:
Upon purchasing a program, traders gain immediate access to their funded accounts. There is no waiting period, enabling traders to start trading right away and capitalize on market opportunities without delay.
-
Generous Bonuses and Rewards:
My Forex Funds offers attractive bonuses and rewards as a testament to their commitment to attracting and retaining talented traders. Traders can earn bonuses based on their trading performance and reach various milestones in their journey toward a forex-funded account.
Program Specifics:
Each program within the My Forex Funds Funded Trading Program has its own set of requirements and benefits. These include:
- Target profit percentages for each phase.
- Minimum and maximum trading days.
- Daily starting drawdown limits.
- Overall drawdown limitations.
- Available leverage ratios.
- Refundable registration fees.
- Absence of monthly fees.
Conclusion:
My Forex Funds Funded Trading Program stands out as a leading choice for traders seeking funding and support to enhance their trading careers. With multiple program options, cutting-edge technology, robust community engagement, and attractive bonuses, My Forex Funds provides traders with a platform to showcase their skills and achieve their financial goals. Whether you are a novice trader or a seasoned professional, My Forex Funds offers a comprehensive and rewarding funded trading experience.
Second program #2: The Funded Trader :
The Funded Trader Program is an innovative solution for aspiring traders looking to gain access to substantial trading capital and establish themselves as professional traders. In this review, we will explore the key features, challenges, and benefits offered by The Funded Trader Program, available at https://thefundedtraderprogram.com/.
Program Overview:
The Funded Trader Program offers traders the opportunity to unlock trading accounts ranging from $5,000 to $400,000, enabling them to earn profits and develop their trading skills. With a clear path toward becoming a funded trader, participants can build their trading empire and manage the program’s capital.
Challenges:
The program presents various challenge levels, including Standard, Rapid, Royal, and Knight Challenges. Each challenge offers unique benefits and requirements, such as trading with expert advisors, trade copiers, or having no lot size limits. Traders can choose the challenge that aligns with their trading style and goals.
Evaluation Process:
The Funded Trader Program follows a three-phase evaluation process. Phase 1 involves achieving a profit target while adhering to the program’s rules. Successful completion of Phase 1 leads to Phase 2, where traders validate their skills by meeting another profit target. Once both phases are completed, traders enter Phase 3 as a Funded Trader, making them eligible to join the program’s Proprietary Trading Firm.
Profit Split and Scaling:
As a Funded Trader, participants are entitled to up to a 90% profit split, depending on their performance and scaling plan. Traders who consistently demonstrate professional risk management and consistency can scale their trading account balance up to $1,500,000.
Risk Management and Performance:
The Funded Trader Program emphasizes the importance of risk management. Traders are required to maintain their equity above 90% of the initial account balance throughout the duration of the program. Additionally, maximum daily loss and maximum loss limits help ensure responsible trading practices.
Benefits and Support:
The program provides traders with 24/7 access to a supportive community through Discord, where they can interact with other traders, share insights, and seek guidance. Traders also have the opportunity to utilize expert advisors, although this is an optional add-on.
Fees and Refunds:
The Funded Trader Program offers transparent fee structures, with refundable fees for traders who successfully become Funded Traders. The initial profit split covers the refundable fees, providing an added incentive for traders to excel in their trading endeavors.
Conclusion:
The Funded Trader Program is a comprehensive and well-structured trading program that offers traders the opportunity to access substantial trading capital and establish themselves as professional traders. With its multi-phase evaluation process, clear profit split, and scaling options, the program provides a clear path for traders to grow and succeed. The emphasis on risk management and the supportive community further enhance the overall trading experience. For aspiring traders looking to take their trading to the next level, The Funded Trader Program is definitely worth considering.
Third program #3: Apex Trader Funding :
Apex Trader Funding offers a funded trading program that aims to provide traders with the opportunity to trade
with capital without risking their own savings. In this review, we will explore the features, benefits, and
potential drawbacks of the Apex Trader Funding program available at apextraderfunding.com.
Program Overview:
Apex Trader Funding’s funded trading program stands out for its simplicity and accessibility. Traders can
participate in the program after successfully completing an evaluation process. The program offers multiple
account options with varying starting capital and profit goals, allowing traders to choose the one that best
aligns with their trading objectives.
Benefits of Apex Trader Funding Program:
- Funding and Profit Sharing: Upon successful evaluation, traders receive funding, with the
opportunity to receive 100% of the first $25,000 per account and 90% beyond that. This provides traders
with the necessary capital to implement their trading strategies effectively. - Flexible Payouts: Apex Trader Funding offers two payouts per month, providing traders with
regular income streams and financial stability. - Quick Qualification: Traders can qualify for the funded trading program in as little as 7
days, allowing them to start trading with the provided capital promptly. - Trade Full-Sized Contracts: Traders can trade full-sized contracts in both evaluations and
funded accounts, enabling them to take advantage of larger market moves and potentially maximize their
profits. - Risk Management Rules: The program emphasizes simple risk management rules, ensuring that
traders have a structured approach to managing their trades and minimizing potential losses. - Trading Freedom: Apex Trader Funding allows trading on holidays and during news
announcements, giving traders the flexibility to execute their trading strategies without restrictions.
Drawbacks and Considerations:
- Monthly Subscription Fee: Traders are required to pay a monthly subscription fee, which
varies based on the chosen account size. While the fee covers software licenses and real-time data fees, it
adds to the overall cost of participating in the program. - Evaluation Resets: Traders may need to pay an additional fee for evaluation resets. While
this option allows traders to start fresh if they are unsuccessful in their initial evaluation, it adds an
extra cost. - Prohibited News Trading Strategies: Apex Trader Funding restricts certain news trading
strategies, which may limit the trading approaches that traders can employ. It’s essential for traders to
review and understand the program’s guidelines and restrictions before participating.
Conclusion:
Apex Trader Funding’s funded trading program offers an appealing opportunity for traders to access capital and
start trading without using their own funds. With its straightforward evaluation process, flexible payout
structure, and the ability to trade full-sized contracts, the program provides traders with the potential for
significant growth. However, traders should consider the monthly subscription fees, evaluation reset costs, and
the restrictions on certain trading strategies before deciding to participate. Overall, Apex Trader Funding’s
funded trading program holds promise for traders looking to establish themselves in the financial markets.
