Regardless of strategy or market bias, every forex trader agrees that capital is king. If you analyze the world’s top investors and traders, one pattern quickly emerges—they control large amounts of capital. And that’s no coincidence.
Starting with a small account in Forex feels like fighting an uphill battle. Small capital isn’t just limiting; it’s the root cause of the fear that paralyzes many traders. In fact, lack of sufficient capital is one of the biggest reasons why many traders give up before they ever reach success.
And that’s not all. Many traders are far more successful when they do not trade with their capital. It makes sense; less risk means less pressure. That’s the basic idea of proprietary trading firms, where you can trade with the firm’s capital.
And, in recent years, a new trend has emerged – an online funded trading account. And not only for trading futures but also for CFDs and forex trading. This means that you can trade from your room but with the capital of another firm. If doing so, you’ll have to share a portion of your profits, but it means you have no risk whatsoever.
So, if you are keen to get a funded account for forex trading, this article is for you.
What is a Funded Trading Account?
A funded trading account is an account that gives you access to capital provided by a proprietary trading firm. With such an arrangement, Instead of risking your own money, you trade with the firm’s capital and split the profits based on a predetermined agreement.
This is often a game-changing opportunity for traders who have the skills to profit in the forex market but lack the large capital required to trade at scale. With a funded account, traders are able to scale their accounts in a fraction of the time it would have taken to grow a small amount. It is a great opportunity for anyone who wants to build a career in trading but has no capital or has no intention or the ability to risk their own funds.
Top Funded Trading Account Programs
Not all prop firms are created equal. Some offer better payout structures, higher funding amounts, and more trader-friendly conditions. Clearly, before you choose a funded account for forex trading, you must check all the factors that can make a difference in your trading journey.
If you wish to get started, we explored and found that these are some of the best-funded trading programs to consider:
1. Maven Trading
- Location: Canada, UK, USA
- Established: 2011
- Funding Amount: Up to $2 million
- Website: https://www.maventrading.com
Why Maven Trading Stands Out
Maven Trading is known for its structured evaluation process and trader-friendly rules. They provide a clear pathway for traders to scale their accounts, access larger capital, and become long-term profitable traders. Further, their supportive community and transparent policies make them an appealing choice for serious traders.
What They Look For
Maven Trading prefers traders who can demonstrate consistent profitability, maintain discipline under pressure, and follow strict risk management rules. If you have a solid strategy and a professional mindset, Maven Trading could be an excellent fit.
Maven Trading’s key features
Account Type:
Traders use a simulated account during the evaluation. Likewise, when they’re admitted into the program, they continue with simulated accounts.
Payout Structure
- Frequency: 10 business days.
- Profit Split: Up to 80% for the trader.
- Processing Time: 1-3 business days after the payout request.
How to Get Started
1. Complete their two-step evaluation process, hitting profit targets while respecting drawdown limits.
2. Pay a one-time fee to enter the program. Traders can purchase a $100,000 account for as little as $495, a price that’s quite common among prop firms.
3. Start trading with a funded account.
2. Funding Traders
- Location: United States
- Established: 2021
- Funding Amount: Up to $2 million
- Website: https://www.fundingtraders.com
Why Funding Traders Stands Out
Funding Traders offers no time limits on their challenges and fast weekly payouts, making it an excellent option for traders who value flexibility. Their scaling program allows traders to increase their account size as they prove their skills, offering an exciting long-term growth opportunity.
What They Look For
Consistent traders who can hit profit targets while maintaining strong risk management. If you prefer a firm that doesn’t pressure you with tight deadlines, this could be a great choice.
Funding Traders Key features
Account Type
Traders trade in a simulated environment for evaluation and trading. Profits are paid out based on performance.
Payout Structure
- Frequency: Weekly payouts.
- Profit Split: Up to 100% (depending on the program).
- Processing Time: 24-48 hours after the payout request.
How to Get Started
1. Pass a single-step evaluation by demonstrating profitability and risk control.
2. Stay within drawdown limits.
3. Pay a fee to enter the evaluation process.
3. RebelsFunding
- Location: Europe
- Established: 2022
- Funding Amount: Up to $200,000
- Website: https://www.rebelsfunding.com
Why RebelsFunding Stands Out
RebelsFunding takes a unique approach by hosting monthly trading contests, where skilled traders can win free funded accounts. With a user-friendly platform and flexible trading conditions, RebelsFunding attracts both beginners and experienced traders.
What They Look For
Traders with a disciplined mindset who can consistently execute profitable trades while adhering to risk parameters. If you enjoy a competitive environment and want a shot at a free account, this program is worth exploring.
RebelsFunding Key features
Account Type
Traders use a demo account during the evaluation phase and continue trading on a simulated account once funded.
Payout Structure
- Frequency: Monthly payouts.
- Profit Split: Up to 90% for the trader.
- Processing Time: 5-7 business days after the payout request.
How to Get Started
1. Pass their evaluation process or win a contest for a free account.
2. Follow their risk management rules, including drawdown limits.
3. Pay a one-time entry fee (unless you win a contest).
4. FTMO
- Location: Czech Republic
- Established: 2015
- Funding Amount: Up to $400,000
- Website: https://www.ftmo.com
Why FTMO Stands Out
As one of the most respected proprietary trading firms, FTMO has set the standard for funded trading. Their two-step evaluation process is challenging, but those who pass gain access to excellent funding opportunities, educational resources, and a well-structured profit-sharing model.
What They Look For
Patient, disciplined traders capable of sustaining long-term profitability. If you’re serious about trading and ready to prove yourself, FTMO’s structured approach could be ideal.
FTMO Key features
Account Type
Traders use simulated accounts for both phases, with profits paid out based on performance.
Payout Structure
- Frequency: Monthly payouts.
- Profit Split Up to 90% for the trader.
- Processing Time: 1-3 business days after the payout request.
How to Get Started
1. Complete their two-step evaluation (Challenge + Verification).
2. Maintain profitability while respecting drawdown rules.
3. Pay a one-time fee to participate in the evaluation.
5. The5%ers
- Location: Israel
- Established: 2016
- Funding Amount: Up to $4 million
- Website: https://www.the5ers.com
Why The5%ers Stands Out
The 5%ers focuses on long-term trader growth, offering one of the highest funding limits in the industry. As traders hit specific milestones, they can retain 100% of their profits, making it a fantastic option for those who want to build a sustainable forex career.
What They Look For
Traders who can demonstrate steady profitability and a strong understanding of risk management. The 5%ers value traders who are committed to growing their accounts gradually rather than chasing quick wins.
Key features of The5%ers
Account Type
Traders primarily use simulated accounts, but live accounts may be offered at higher funding levels.
Payout Structure
- Frequency: Milestone-based payouts.
- Profit Split: Up to 100% (after reaching milestones).
- Processing Time: 3-5 business days after the payout request.
How to Get Started
1. Complete their two-step evaluation process (Bootcamp + Hyper Growth).
2. Stay within risk management rules.
3. Pay an entry fee for the evaluation program.
How to Get a Funded Account for Forex Trading
If you’re ready to take the next step and apply for a funded trading account, here are the steps you need to take to navigate the process. Whether you’re new to forex trading or an experienced trader looking to scale up, these steps will set you on the right path to securing a funded account.
1. Choose the Right Prop Firm
Start by researching proprietary trading firms to find one that fits your trading style and goals. Compare funding amounts, profit splits, and evaluation criteria. Some firms, like FTMO, have structured challenges, while others, like The5%ers, offer scaling opportunities. Look for transparency in payouts, clear trading rules, and strong trader support. Read reviews and ensure the firm has a good reputation.
2. Develop a Profitable Strategy
Before applying, refine your trading strategy with a demo account. Backtest strategies using historical data to ensure consistency and profitability. Most firms focus on risk management, so avoid over-leveraging and follow a solid risk plan to stay within drawdown limits.
3. Pass the Evaluation Challenge
To qualify, you must complete a firm’s evaluation, typically involving profit targets and risk restrictions. Some firms require a two-step process (like FTMO), while others offer single-phase assessments. Stick to your plan, avoid emotional trading, and focus on steady gains.
4. Complete Verification
Once you pass the challenge, you’ll undergo identity verification and compliance checks. Some firms may require additional training before granting full account access.
5. Start Trading and Scale Up
After verification, you can trade with the firm’s capital. Stay consistent and follow their rules to maintain your account. Many firms offer scaling opportunities, allowing you to increase your account size as you prove your skills.
Final Word
So, what’s the bottom line? A funded account lets you trade at a professional level without risking personal capital. Moreover, it enables you to become a freelancer, to build your own business, and to be able to travel around the world while making an income.
By selecting a reputable firm, refining your strategy, and passing the challenge, you can unlock greater profit potential. That’s the first step you need to take. A company that offers you a good funded trading account for forex trading and the support you need to succeed is an excellent starting to build your confidence and develop a trading career.
Once this is done, you must stay disciplined, manage risk wisely, and take advantage of scaling programs to grow your trading career.
