How To Get Funded For Trading In 4 Easy Ways

Learn how to get funded for trading. AquaFunded's program offers a structured path to achieve your goals. Start your funded trading journey today!

Many aspiring traders start their journey with big dreams of what they can achieve in the markets. But it's common to feel a bit discouraged when they begin to uncover the actual costs involved in trading. If you're looking for a way to get funded for trading to reduce your financial risk and help you achieve your trading goals, you’re not alone. In this blog, we’ll explore how to get started with funded trading programs so you can get access to a large trading account, Best Funded Trading Accounts, reduce your financial risk, and get on with trading the markets.

One of the best ways to get funded for trading is through a trading program. AquaFunded's funded trading program offers aspiring traders a structured and supportive way to access trading capital to help them achieve their goals in the financial markets.

What Is A Funded Trading Account?

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A funded trading account allows traders to simulate trades with someone else’s capital. In other words, you’re not using your capital or money to complete trades. The account is funded for you. Usually, this means trading with a prop firm. But what is a prop firm, exactly? 

Prop Firm Partnerships

Think of prop firms as partners. They provide:

  • The simulated funding
  • The tools
  • The resources you need

In exchange, you learn the art of day trading and split any profits you make.   

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How Do Funded Trading Accounts Work

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A funded trading account is a simulated trading account backed by a proprietary or prop firm. Instead of using their capital to trade, traders can use the firm’s money to trade and earn a percentage of the profits. Funded accounts are part of a trading program designed to reduce traders' risk and help them scale their profits. 

The funding of these accounts is a reward for demonstrating good trading performance on an evaluation or challenge, which the prop firm also runs on a simulated platform. 

How Funded Trading Accounts Work

Most simulated funded accounts work similarly:

The Firm Takes On The Financial Risk

Prop firms assume the financial risk for the trades. As such, they have some entrance criteria before giving someone simulated funding.

You Need To Complete A Challenge

Typically, the trader must complete at least one challenge. The challenge is a chance to show you can execute successful trades consistently. In other words, you’re showing that you didn’t make a profit by luck!

The Challenge Period Ends

The challenge period ends. If you’ve shown that you’re a promising trader, you can keep a share of the simulated profits generated.

You Continue To Receive Support From The Firm

The firm will continue to support you and offer in-built risk management to help you along the way.

Funded Trading Program

AquaFunded is a Dubai-based funded trading program that allows traders to access large capital accounts and earn up to 95% profit splits. The company provides a unique funding model with easy-to-achieve 8% profit targets and fast bi-weekly payouts, with an option for the first payout in just 7 days. 

AquaFunded caters to traders of all experience levels, from beginners to those with a few years of experience, who want to trade with reduced risk using the firm's capital instead of their own. With its competitive features and UAE-based operations, AquaFunded aims to stand out in the crowded prop trading market and provide a trustworthy platform for traders looking to scale their profits. 

Get started with AquaFunded's funded trading program today!

How To Get Funded For Trading In 4 Easy Ways

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1. Proprietary Trading Firms: The Road to Funded Trader Status

Proprietary trading firms, commonly known as prop firms, supply capital to traders to trade the firm's money. In return, the firm takes a share of the profits. While each firm has its unique structure and set of rules, here’s a general overview of how getting funded through a prop firm works:

  • Apply: Research and apply to reputable prop trading firms like Topstep, FTMO, or Maverick Trading.
  • Pass Evaluation: Many firms have an evaluation process where you demonstrate your trading skills and risk management over a simulated period.
  • Profit Split: If successful, you’ll be given capital to trade with a profit split agreement, usually ranging from 50% to 80% of profits.

2. Investor Funding: Get Funded by Someone You Don’t Know

Getting funded by investors involves convincing individual investors or a group to provide you with trading capital. Here’s how to get started: 

  • Build a Track Record: Show consistent profitability over a significant period. This track record should be verifiable.
  • Create a Pitch: Develop a professional pitch deck outlining your trading strategy, risk management, and historical performance.
  • Network: Attend financial industry events, join trading forums, or use online platforms like LinkedIn to connect with potential investors.

3. Crowdfunding: Get Funded By the Internet

Platforms like Collective2 allow you to showcase your trading strategy to a community of investors who can choose to fund your plan. Here’s how to get started: 

  • Register and Showcase: Register on a platform, upload your strategy, and start trading.
  • Attract Subscribers: As you prove your strategy’s worth, you’ll attract subscribers who will pay to follow your trades.

4. Trading Competitions: Win Your Way to a Funded Account

Some firms and platforms host trading competitions where the top performers win trading capital or are hired by trading firms. Here’s how to get started: 

  • Research Competitions: Look for trading competitions hosted by firms like CME Group, eToro, or World Series of Trading.
  • Participate and Win: Perform well to win capital or earn a spot at a prop trading firm.

How Do I Become A Fully Funded Trader

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Research and Choose a Provider

The initial step in obtaining a funded trading account is investigating and selecting a provider. Numerous firms and companies offer funded trading accounts, each with criteria and stipulations. 

Before proceeding, do your homework and select a provider that complements your trading strategies and goals. AquaFunded is the top platform for funded trading.

Meet the Eligibility Requirements

After selecting a provider, the next step is satisfying their eligibility criteria. These requirements may differ from company to company but generally consist of:

  • Minimum trading experience
  • Profitability in a simulated trading environment
  • A clean trading record

Submit an Application

Once you meet the eligibility requirements, the next step is to apply for a funded trading account. This usually requires completing an online application and submitting supporting documents like:

  • ID
  • Proof of address
  • Trading records

Pass the Evaluation Process

After you submit your application, it will undergo an evaluation process, during which your trading skills and strategies will be tested. This may involve trading in a simulated environment or providing a track record of past trades. This evaluation aims to ensure that you are a skilled and profitable trader capable of managing a funded trading account.

Sign the Agreement and Start Trading

If you pass the evaluation process, you must sign an agreement with the provider. This agreement outlines the terms and conditions of the funded trading account, including:

  • Profit-sharing arrangements
  • Risk management guidelines
  • Any other rules or restrictions

Once the agreement is signed, you can start trading with your funded account and take advantage of its many benefits.

13 Best Funded Trading Platforms For Successful Trading

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1. AquaFunded: A Unique Funded Trading Model

AquaFunded is a Dubai-based funded trading program that allows traders to access large capital accounts and earn up to 95% profit splits. The company provides a unique funding model with easy-to-achieve 8% profit targets and fast bi-weekly payouts, with an option for the first payout in just 7 days. 

AquaFunded caters to traders of all experience levels, from beginners to those with a few years of experience, who want to trade with reduced risk using the firm's capital instead of their own. With its competitive features and UAE-based operations, AquaFunded aims to stand out in the crowded prop trading market and provide a trustworthy platform for traders looking to scale their profits. 

Get started with AquaFunded's funded trading program today!

2. Apex Trader Funding: Fast, Flexible Futures Funding

Apex Trader Funding allows you to get started fast and access the futures market with limited risk to your capital. Generally, traders can get approved in as little as 7 days and seek somewhere between $400,000 and $4 million for their trading. You can connect with Rithmic or Tradovate, trade on holidays, and much more. 

With Apex Trader Funding, you get to keep the first $25,000 you make, and profit splits remain at 90% for the biggest accounts. There are no daily drawdowns, you can open up to 20 accounts, and they often run promotions where you can get 80% off accounts, making them one of the cheapest funded trading accounts.

Pros

  • Fast approval process: Traders can often get approved within 7 days.
  • High funding amounts: Traders can seek up to $4 million for trading.
  • Favorable profit splits: You can keep the first $25,000 you make and enjoy 90% profit splits for larger accounts.
  • No daily drawdowns: Avoid the risk of losing your trading capital due to daily drawdowns.
  • Multiple account openings: Open up to 20 accounts.

Cons

  • Strict performance requirements: Traders must meet specific performance criteria to maintain funding.
  • Limited control over trading strategy: Funding providers may have restrictions on trading strategies or leverage.
  • Potential for account closure: The funding provider may close the account if performance falls below expectations.

3. IC Funded: Flexible Evaluation for Aspiring Prop Traders

IC Funded is one of the best prop trading firms for traders looking to scale their trading operations and maximize profits. What sets IC Funded apart is its flexibility in the evaluation process, where time limits don’t pressure traders. IC Funded also offers a profit split of up to 80% and benefits for traders looking to keep more of what they earn. 

Another reason why IC Funded is the go-to choice for many traders is its broad range of tradable instruments and support for popular trading platforms like MetaTrader 4 and 5. Whether you’re into forex, crypto, or commodities, IC Funded has you covered with top-tier tools that help you execute your strategies effectively.

Diverse Trading Styles

The firm also allows various trading styles, from scalping to hedging, so you can trade in the way that suits you best. The firm also stays engaged with its community through social media, keeping traders updated and connected. All these factors combined make IC Funded a top choice for traders serious about growing their trading careers while enjoying the flexibility and support needed to succeed.

Pros

  • No time limits on evaluations
  • Profit split up to 80%
  • Access to over 150 trading instruments
  • Flexible trading strategies allowed
  • Bi-weekly profit withdrawals

Cons

  • Not regulated by major financial authorities
  • Initial fee is non-refundable
  • Limited asset selection compared to some firms

4. Fxify: Fast and Flexible Forex Funding

FXIFY helps you get into prop trading and is a top option for forex traders. This platform allows you to take a one- or two-phase assessment depending on your trading comfort. Plus, you can work at your own pace to build confidence and earn more. 

FXIFY offers prop traders an array of benefits, including:

  • Profit splits up to 90%
  • Funding up to $4 million
  • MT4 and MT5 functionality

Flexible Trading Terms

Traders can enjoy customizable leverage, tighter spreads than the competition, and no trading restrictions. The platform:

  • Provides instant payouts
  • Has no consistency rules
  • Allows unlimited trading days

Traders receive a 125% refund on their assessment fee after their first payout.

Pros

  • Accessibility: FXIFY allows traders to get started with prop trading quickly and easily.
  • Flexible assessment: Choose a one or two-phase evaluation based on your comfort level.
  • Work at your own pace: Build confidence and earn more at your own speed
  • High profit splits: Earn up to 90% of your earnings.
  • Large funding amounts: Access funding up to $4 million.
  • MT4 and MT5 compatibility: Trade on popular trading platforms.

Cons

  • Performance requirements: Traders must meet specific performance criteria to maintain funding.
  • Risk of account closure: Failure to meet performance targets may result in closure.
  • Limited control over trading environment: As a prop trader, you may have less control over certain aspects of your environment than a fully independent trader.

5. FTMO: Popular, Established, and Trustworthy

FTMO is among the most popular and reliable prop trading firms, offering its trading services since 2014. FTMO provides competent traders with funded trader accounts with funds up to $1 million. 

Before the traders could receive the funds, they had to go through a two-phase evaluation process, including:

  • Trading challenges 
  • An account verification process

The FTMO platform claims that its evaluation process is challenging and designed to bring out the best traders among the lot. FTMO also claims that consistent traders can become successful at FTMO even if they lack the proper trading skills, as the platform provides:

  • A performance coach
  • Account analysis
  • Many other helpful trading tools to guide inexperienced traders

The profit split ratio at FTMO is also higher than many other platforms at 80: 20% and the trading challenges are also achievable. The traders also have the advantage of getting high leverage with reliable customer service. Regarding trading instruments, there are 44 forex trading pairs and 10 cryptocurrencies.

FTMO is considered one of the best prop firms for Forex traders. Traders can also trade in:

  • Indices
  • Commodities
  • Stock CFDs

Pros

  • High-profit splits
  • Maximum currency pairs
  • High leverage
  • Effective trading tools

Cons

  • Source of funds is unknown
  • Lack of technical assistance

6. FidelCrest: Unique Perks and a Large Funded Account

Among some of the best-funded trader programs, Fidelcrest has also made its place through its exceptional trading services. Founded in 2018, Fidelcrest is among the few prop firms that cater to the citizen in:

  • US
  • Canada
  • Australia
  • Other developed countries

Fidelcrest provides traders who pass its 2-phase evaluation challenge with a funded trading account of up to $2 million. The trading rules at Fidelcrest are competitive and require traders to demonstrate effective trading strategies and consistency to achieve their targets. 

At Fidelcrest, traders can get an affordable trading account with:

  • The most advanced trading platform 
  • Proficient customer service

Fidelcrest is affiliated with a reliable and regulated broker. The firm is trustworthy. Fidelcrest also offers multiple rewards and bonuses to its customers, such as acceleration plans and plan doubles, which add value to the overall trading experience. Traders are not allowed to use copy trading or EAs during the evaluation phase of Fidlecrest. 

This is a significant disadvantage, especially for new traders who rely on the strategies of other successful traders. It shows that the company aims to generate maximum profits through competent traders rather than provide opportunities for new traders in the market.

Pros

  • Partnered with a related broker
  • Low subscription fee
  • Rewards and Bonuses
  • Advanced trading platform MT4, MT5, C Trader

Cons

  • No Copy trading
  • Rigorous evaluation process

7. The 5ers: Generous Profit Shares and Salary Offers

Offering trades in forex, indices, metals, and securities, the 5ers provides some of the most generous profit shares in the industry. The company allows up to 100% split and even salary offers for top traders. Traders can access the platform immediately after passing the evaluation, the price of which starts at $95, and there are no subscription fees. 

Users gain access via MT5, and the standard leverage is 1:10. Still, it can move upward to as much as 1:30. Capital funding ranges from $6,000 to $4 million, with easy scaling options and the freedom to develop your trading strategy. They are also currently running a promo for a 10% discount on the $10K Hyper Growth Account.

Pros

  • Generous profit splits: Offers some of the highest profit shares in the industry, including up to 100% for top traders.
  • Salary offers: Provides salary options for exceptional traders.
  • Quick access: Traders can start trading immediately after passing the evaluation.
  • Low entry cost: Evaluation fees start at $95, and no subscription fees exist.
  • MT5 access: Provides access to the popular MT5 trading platform.

Cons

  • Performance requirements: Traders must meet specific performance criteria to maintain funding and profit splits.
  • Limited control over trading environment: As a prop trader, you may have less control over certain aspects of your environment than a fully independent trader. 

8. Top Step: Market Leader with Outstanding Resources

Topstep is another proprietary firm that holds the position of a top brand in the financial markets. Traders can sign up for a futures trading account on Topstep by agreeing to participate in the Traders combine funded account program. Traders who pass the trader combine challenge can earn up to $ 300K in real-time funds in their funded futures account.

Topstep Advantages

Trading with Topstep offers many advantages, which is why it is also considered the best prop trading firm in the financial market. Countless courses, quizzes, and other coaching programs provide technical assistance to traders, and Topstep’s trader communities and forums are also the talk of the town among traders. 

Tostep is also popular among traders due to its fast, easy payout process and 14-day free trial account. The firm claims to process withdrawal requests within the same day. Topstep's profit split ratio is phenomenal, up to 100%, higher than many other prop firms.

Trading Platform Options

Traders can trade on various trading platforms, such as:

  • TS Trader
  • Trading View
  • R Trader

Topstep offers three different account sizes ranging from $50k, $100k, and $150k, with subscription fees of:

  • $165
  • $325
  • $375 per month

Clear Profit Targets

This is a monthly recurring fee, not a one-time subscription fee like other platforms. The profit target of each account is $3,000, $6,000, and $9,000, respectively, with a daily drawdown of $1000, $2000, and $3000 and a total drawdown of $2000, $3000, and $4000.

The targets are not in percentages but in specific amounts, making it clearer for the traders to calculate and set goals. 

Pros

  • Free trial account
  • 100% first $ 5000 profit
  • Easy one-step evaluation
  • Funded trading coach

Cons

  • Limited trading instruments
  • No customer service on weekends

9. Audacity Capital: Step Up Your Profits with an Achievable Process

Audacity Capital is a UK-based prop firm providing funded accounts to customers globally since 2012. Traders affiliated with this firm can trade in forex trading, indices, and commodities on the trading platform of MT4. 

Like all other funded trading programs, Audacity Capital also provides funds to experienced and talented traders who would earn profits for the company. Unlike other firms' standard evaluation phases, individuals must follow a different selection process to become funded traders.

Audacity Capital Process

At Audacity Capital, traders must fill out a registration form and apply for a funded account after passing the online or face-to-face interview session. Successful candidates are offered account sizes from $15,000 to $480,000 at a 50% profit split. The funded trader at Audacity Capital has to go through six stages to reach the maximum funds of $480,000. 

The lot size increases with the capital, starting from 0.5 to 16 at the last level. At the initial levels, traders can only trade forex, but after the third stage, they can also include indices and commodities. This prop firm has no time restrictions or minimum trading days requirements.

Pros

  • Achievable he funded traders at Audacity Capital have to go through six stages to reach the maximum funds of $480, opp profit targets
  • Multiple educational resources
  • Zero commission
  • Easy payouts

Cons

  • No room for inexperienced traders
  • One trading platform MT4

10. Traders4Traders: A Unique Educational Model

Traders4Traders is not just a proprietary trading platform that provides funds to skilled traders but also an educational platform that guides and trains individuals to become successful traders. 

Numerous online courses are offered to forex traders who become affiliated with the T4T platform. These traders can do funded trading up to $1000,000 and earn massive profits. To start trading with a fully funded account, Professional and newly trained traders must go through a practical assessment demo account.

Demo Account Rules

The trading rules of this demo account involve traders maintaining a 5% daily drawdown and achieving the 10% profit target. A plus for the trader is that there are no time constraints, and they can achieve this target as fast or slow as they want. 

Other rules also exist at the traders4traders capital prop firm, apart from the trading conditions in the evaluation phase. Traders should have a stop loss at every trader they open at the market. Trades that do not have a set stop loss will face a trade closure automatically from the server, and the account will be closed after the due notice.

Trading Hour Rules

There are also rules regarding trading hours, as no trades can be conducted on weekends. T4T is ideal for both new traders and experienced traders and investors. Amateur traders can first learn trading through the T4T trading education platform and then start low by opting for the initial level trading amount. 

On the other hand, professionals are not required to go through the whole process and can simply subscribe to the larger trading account.

Pros

  • Trading Education Platform
  • Fast Scaling plan
  • Unlimited Trading Time
  • One Time Subscription Fee

Cons

  • Multiple-level evaluation process
  • Low Leverage

11. Trade the Pool: A New Player with a Focus on Stocks

Offering access to over 12,000 stocks and ETFs, Trade the Pool, launched in 2022, is a newcomer to prop trading. An offshoot of 5ers, Trade the Pool has four funded trading programs starting at $20,000 up to $260,000 with an unlimited scale-up plan. 

Single-phase evaluation ensures that traders can quickly get to work. Trade the Pool is an excellent option for beginners mainly versed in stock trading and one of the top stock prop firms. Active traders keep 80% of their profits. Funded accounts start at $20,000 and up to $260,000. Traders can test the system using the 14-day free trial.

Pros

  • Generous profit splits: Offers some of the highest profit shares in the industry, including up to 100% for top traders.
  • Salary offers: Provides salary options for exceptional traders.
  • Quick access: Traders can start trading immediately after passing the evaluation.
  • MT5 access: Provides access to the popular MT5 trading platform.
  • Promotional offers: Currently running a 10% discount on the $10K Hyper Growth Account.

Cons

  • Strict performance requirements: To maintain funding, traders must consistently meet specific profit targets, such as a minimum monthly profit or a certain profit factor. Please meet these requirements to avoid account closure.
  • Limited trading flexibility: Trade The Pool may restrict certain trading strategies or instruments, limiting the trader's ability to implement their desired approach.
  • Lack of transparency: The specific terms and conditions of the funding program may need to be fully transparent, traders may need to be more transparent, and traders may face unexpected changes or restrictions.

12. Funded Trading Plus: Flexible Evaluation with High Profit Splits

The Funded Trading Plus has recently founded a prop trading platform that grants funded accounts starting from $12,500 with a scaling plan up to $2,500,000. The funded trading plus account is also popular among traders worldwide for its:

  • Easy trading rule
  • 90% profit splits
  • Affordable subscription fees

Trading Pair Options

Funded Trader Plus also offers a maximum number of crypto pairs for trading other than forex, indices, and commodities. Another facility that Funded Trader Plus provides is that traders can choose from a one-step evaluation program, a two-step evaluation program, or immediate funded accounts. 

The evaluation phases have easy trading rules, with a 10% profit target, 3% daily drawdown, and 6% total drawdown. There is no time limit for reaching the goal. The subscription fee for the one—and two-step evaluation accounts starts at $199 and goes to $999, which is also refundable.

Instant Funding Fee

For the instant funding program, the one-time non-refundable fee at level 1 is $225 and goes up to $4500. There are no restrictions on copy trading or using EAs. Similarly, traders can hold trades overnight and can also trade over weekends. 

Advantages

  • No trading restrictions of overnight, weekend holdings
  • No time limitation
  • Direct Funded Programs
  • 90% profit split

Disadvantages

  • Drawdown limitations
  • Low leverage of 1:30

13. FTUK: High-Funded Accounts with Fast Scaling

Forex Trader UK is a platform that provides funded trader accounts to capable traders and investors in the financial markets. FTUK is not a very popular name among the prop firms as it was founded in 2021. Even within a very short time, FTUK has been able to fund traders in many countries worldwide. 

FTK claims to provide funded stock trading accounts of up to $5,760,000 to competent traders who can earn profits for themselves and the firm. FTUK has a one-step evaluation process where risk management rules are applied to assess capable traders. 

Instant-funded accounts are also available for those who don’t want to undergo the evaluation process. With multiple levels to reach the $5,760,000 funded account, traders do not have to wait until all the trading rules are followed. 

FTUK has a fast-paced scaling plan. Under this plan, traders must reach their profit target to scale up their accounts. FTUK provides its customers with various trading instruments, making it a reliable portfolio manager partner for traders worldwide.

Pros

  • Immediate Funding Program
  • One Step Evaluation
  • Fast Scaling Plan
  • Multiple Trading Instruments

Cons

  • 50% Profit Split at first level
  • No hedging allowed

How Much Do Funded Traders Make

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Funded traders can earn a substantial income, but their exact earnings can vary widely depending on several factors. Based on data from ZipRecruiter, the average annual profit for a funded trader in the United States is approximately $96,774 as of August 2024. This breaks down to around $46.53 per hour, $1,861 per week, or $8,064 monthly.

Factors Influencing Funded Traders' Profits

Trading Skill and Strategy

A trader’s ability to consistently generate profits is crucial. Skilled traders who effectively navigate market volatility and apply successful strategies tend to earn more.

Market Conditions

The state of the market significantly impacts potential earnings. Bullish markets often provide more profit opportunities, while bearish or flat markets can be more challenging.

Risk Management

Effective risk management is essential to maintaining a higher profit margin over time. Traders who limit their losses through disciplined risk strategies will likely achieve consistent profits.

Profit-Sharing Structure

Funded traders typically share a percentage of their profits with the funding firm. The profit split varies by firm, and more favorable terms can be offered to high-performing traders.

Account Size

The capital provided by the firm plays a significant role in potential earnings. Larger accounts allow for bigger trades, which can lead to higher profits.

Experience Level

Experienced traders generally have a deeper understanding of market dynamics, which often results in higher earnings.

Leverage

Leverage allows traders to control larger positions with a smaller amount of capital. While it can amplify gains, it also increases risk, potentially leading to higher profits or losses. 

While the average annual earnings for funded traders are around $96,774, the actual income can vary based on their:

  • Skills
  • Market conditions
  • The firm's resources

Funded Trading Program

AquaFunded is a Dubai-based funded trading program that allows traders to access large capital accounts and earn up to 95% profit splits. The company provides a unique funding model with easy-to-achieve 8% profit targets and fast bi-weekly payouts, with an option for the first payout in just 7 days. 

AquaFunded caters to traders of all experience levels, from beginners to those with a few years of experience, who want to trade with reduced risk using the firm's capital instead of their own. With its competitive features and UAE-based operations, AquaFunded aims to stand out in the crowded prop trading market and provide a trustworthy platform for traders looking to scale their profits. 

Get started with AquaFunded's funded trading program today!

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Join Our Funded Trading Program Today - Trade with our Capital and Keep 90% of the Profit

AquaFunded is a Dubai-based prop trading firm allowing traders to earn up to 95% profit splits on large accounts. With easy-to-achieve targets and quick payouts, AquaFunded is an appealing choice for traders searching for funding.

What Are AquaFunded's Profit Targets and Payouts?

AquaFunded has an 8% profit target to get funded, and traders can earn up to 95% profit splits after reaching this target. The company pays out profits bi-weekly, with an option for a first payout in just seven days after getting funded. 

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September 12, 2024
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