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9 Best Prop Firm Passing Service To Get Funded

Discover the 9 best prop firm passing services to help you secure funding and succeed in your trading career. Get started today!

Consider you're staring at the results of a prop firm challenge. Unfortunately, you've failed to pass despite all your hard work and preparation. So, it’s back to the drawing board for you. What happens now? You must prepare to retake the challenge, which means more time, effort, and money before you can finally start trading with a funded account. Fortunately, prop firm passing services can help you avoid this scenario altogether. This guide will explore how using AI Agents to score a high mark on your prop firm challenge can help you start trading with capital as soon as possible.

AquaFunded’s funded trading program is a valuable tool for anyone looking to pass an evaluation on trading with a prop firm. It offers a solid starting point for your trading career with easy-to-understand rules, no time limits, and a simple goal to achieve.

What Is A Prop Firm Passing Service?

Proprietary trading refers to a financial firm or commercial bank that invests for direct market gain rather than earning commission dollars by trading on behalf of clients. Also known as "prop trading," this type occurs when a financial firm chooses to profit from market activities rather than thin-margin commissions obtained through client trading activity. Proprietary trading may involve trading stocks, bonds, commodities, currencies, or other instruments. 

How Do Prop Firm Passing Services Work?

trading on a phone - Prop firm passing service

Before jumping into how prop firm passing services work, it’s critical to understand prop firm challenges. Most proprietary trading firms, like FTMO, MyForexFunds, and The5ers, require traders to pass a challenge or evaluation to prove their trading skills. The challenge usually involves meeting specific profit targets, adhering to drawdown limits, and following risk management rules within a given timeframe. Evaluation phases have multiple stages. Many firms start with a demo account where traders must show consistent results under the firm’s rules. For example, traders might need to achieve a 10% profit within a month without exceeding a 5% daily loss. 

What Are Prop Firm Passing Services? 

Prop firm passing services help traders meet the requirements of prop firm evaluations in several ways. The services provide education, mentorship, tools, and strategies to improve a trader’s chances of completing the evaluation phase. 

Expert Mentorship and Coaching 

Many services provide personalized mentorship with professional traders who have experience in passing prop firm challenges. They guide traders through the process, helping them stick to a plan, control emotions, and execute trades properly. Mentors work with traders to develop and refine strategies that fit the firm’s criteria. This could involve technical analysis, market structure, or specific trading approaches. 

Risk Management and Discipline 

Passing services often emphasize risk management by teaching traders to limit losses, use proper position sizing, and follow strict risk-to-reward ratios. They may provide automated tools to help traders stay within the prop firm's risk limits. Traders receive feedback on their trading performance, focusing on areas where they can improve. This ensures they remain on track throughout the challenge and don’t violate rules like maximum drawdowns. 

Trading Tools and Automation 

Some passing services offer access to algorithmic or automated trading systems that can be used to trade within the firm’s rules. These tools can remove emotion from the equation and ensure traders stick to predefined strategies. Tools are also provided to track key metrics, such as profit, drawdown, and trading frequency, to ensure traders meet the firm’s challenge criteria. 

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!  

Related Reading

9 Best Prop Firm Passing Service To Get Funded

man and woman on a laptop - Prop firm passing service

1. AquaFunded: A Unique Prop Firm Model

aquafunded - Prop firm passing service

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. The Trading Academy: Education First

the trading academy - Prop firm passing service

The Trading Academy features a comprehensive trading curriculum, live sessions with mentors, and one-on-one coaching. It also provides specific programs designed to help traders overcome proprietary firm challenges. 

Pros

  • Excellent educational content
  • Personalized mentorship
  • High success rates in passing challenges

Cons

  • Can be costly
  • Not focused exclusively on prop firms

3. Fivers Passing Service: A Focused Approach

fiver passing service - Prop firm passing service

The Fivers Passing Service specializes in helping traders overcome challenges with proprietary firms like FTMO and The 5ers. It offers strategy consultation, performance tracking, and risk management frameworks.

Pros

Cons

  • Limited educational content
  • Not geared for beginners

4. Traders Central Fund: Evaluation Accounts With Support

Traders, Central Fund, provides evaluation accounts with mentorship and tools to pass proprietary challenges. They offer funding for traders who succeed, alongside education and feedback.

Pros

  • Quick funding opportunities
  • Quality support
  • Affordable pricing

Cons

  • Limited brand recognition
  • Evaluation accounts lack some features of live accounts

5. FTMO Passing Program: A Tailored Approach

FTMO - Prop firm passing service

The FTMO Passing Program specifically focuses on helping traders pass the FTMO challenge. They offer daily analysis, risk management tools, and proprietary strategies to meet FTMO's requirements. 

Pros

  • Tailored approach to FTMO’s rules
  • Robust tools for staying within profit and loss limits

Cons

  • Only for traders looking to pass FTMO challenges
  • Can create too much focus on FTMO prop trading evaluations

6. MyForexFunds (MFF) Coaching Program: One-on-One Support

my forex funds - Prop firm passing service

The MyForexFunds (MFF) Coaching Program offers one-on-one coaching, risk management strategies, and expert support to help traders pass MFF evaluations. The program is structured to guide traders through the evaluation process efficiently.

Pros

  • Dedicated coaching for passing the MFF challenges
  • High success rate

Cons

  • Focused exclusively on MFF challenges
  • Not for beginners

7. MentFX: Advanced Mentorship Programs

mentfx - Prop firm passing service

MentFX offers advanced mentoring programs that focus on institutional trading concepts. These programs help traders overcome challenges and scale accounts. They provide in-depth education and personalized mentorship.

Pros

  • Focus on market structure and institutional trading strategies
  • Tailored mentoring

Cons

  • Not for beginners
  • Can be costly

8. FTMO Accelerator by Guerrilla Trading: A Structured Program

guerilla trading - Prop firm passing service

This service helps traders pass the FTMO challenge, offering an “accelerator” program that includes coaching, trading strategies, and risk management techniques.

Pros

  • Well-structured program
  • Strong emphasis on passing the FTMO challenge quickly

Cons

  • Very narrow focus
  • It can create too much pressure to perform

9. Prop Trader Mastermind: A Holistic Approach

traders mastermind - Prop firm passing service

The Prop Trader Mastermind provides a full suite of mentorship, trading strategies, psychological support, and risk management tools tailored to prop firm challenges.

Pros

  • Holistic approach, including mindset coaching
  • Ensures traders are mentally prepared

Cons

  • Can be costly
  • Focused exclusively on passing prop firm challenges

Benefits of Using Prop Firm Passing Service

woman on a laptop - Prop firm passing service

Expert Support and Mentorship: Getting Guidance from Experienced Traders

Utilizing a prop firm challenge pass service connects traders with seasoned professionals who offer expert guidance on passing prop firm evaluations. This support is beneficial for new traders unfamiliar with the challenge rules and how to fulfill them. Having a mentor can make the process less intimidating while increasing the likelihood of passing by offering insights on risk management, trading strategies, and discipline. 

Improved Strategy and Discipline: Sharpening Your Trading Skills

Traders using prop firm passing services gain access to resources that help improve their trading discipline and develop proven strategies for prop firm challenges. Many services emphasize sticking to a plan to complete the evaluation, assisting traders to avoid trading impulsively or breaking challenge rules. Services often use back-tested strategies and proven risk management frameworks to enhance consistency and boost traders’ chances of passing the evaluation. 

Access to Funded Accounts: Trade with Someone Else's Money

Successfully passing a prop firm challenge allows traders to gain access to significant capital to trade without risking their own money. This is the top reason many traders complete a prop firm evaluation. Passing services can help traders reach this milestone faster by enhancing their performance in the evaluation process. 

Reduced Time and Effort: Streamlining the Challenge Process

Prop firm passing services can streamline the challenge process by offering traders ready-made strategies or tools to reduce the time needed to pass the evaluation. Instead of trial-and-error approaches, traders can leverage proven techniques tailored to the specific prop firm’s criteria. This helps remove much of the guesswork associated with passing prop firm challenges, making the process quicker and easier. 

Customized Trading Plans: Personalized Approaches to Prop Firm Challenges

Many prop firm passing services offer customized plans based on a trader’s unique style and the specific firm they are applying to. This ensures the approach aligns with the firm's evaluation parameters for higher success rates. 

Psychological Support: Managing the Mental Game of Trading

Handling the psychological pressures of trading and adhering to strict rules can be overwhelming. Prop firm passing services often include resources to help traders manage emotions, control overtrading, and avoid breaking risk limits. 

Higher Success Rates: Improve Your Chances of Passing

With a structured and guided approach, traders using passing services tend to have higher success rates in completing the challenge than those attempting it independently. Services often track progress, ensuring traders adjust their methods to meet the challenge guidelines. 

Cost-Effectiveness: Save Money on Prop Firm Challenges

While these services charge fees, they can be cost-effective in the long run. Thanks to the guidance, traders can avoid repeated challenge fees by passing on the first or second attempt.

6 Tips To Pass Prop Firm Challenges

trading on a laptop - Prop firm passing service

1. Use AquaFunded for a Smooth Prop Firm Transition

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. Read and Understand the Terms of Use

Before you start the challenge, read and understand all the terms and conditions set by the prop trading firm. Knowing the rules and requirements inside out is essential to avoid disqualification due to rule violations. 

Mark Douglas

In his book Trading in the Zone, Douglas emphasizes the importance of understanding the rules and psychological framework within which you operate. He suggests that having a clear understanding of all conditions helps mitigate emotional responses to trading decisions. 

3. Follow Your Strategy 100%

To succeed in a Prop Firm Challenge, unwavering commitment to your trading strategy is crucial. Stray from your plan due to emotions like fear or greed, and you risk losses. Maintaining consistency and discipline is the linchpin of success, ensuring that you execute your trades meticulously and follow your well-defined strategy throughout the challenge. 

Van Tharp

A renowned trading psychologist, Tharp advocates for a solid trading plan. In his book Trade Your Way to Financial Freedom, he states that traders must adhere strictly to their strategies, as deviations often lead to emotional trading and losses.

4. Start with a Small Challenge

If you're new to prop trading challenges, consider starting with a smaller one. This allows you to gain experience and confidence without risking significant capital. 

Al Brooks

In his work on price action trading, Brooks recommends beginners start small to build experience without risking substantial capital. He often emphasizes gradual exposure to trading environments to develop confidence and skill.

5. Don't Be in a Hurry

Impatience can be a pitfall during Prop Firm Challenges, potentially resulting in hasty decisions and costly errors. Instead of rushing to meet profit targets, adopt a patient approach. Prioritize sound risk management, trade judiciously, and allow your strategies to unfold methodically. By taking your time and maintaining a calm, calculated demeanor, you enhance your chances of making informed decisions and passing the challenge successfully. 

Mark Minervini

A well-known trader and author of Trade Like a Stock Market Wizard, Minervini advises traders to be patient and let their setups develop. He stresses that rushing into trades often leads to mistakes and losses and advocates for a disciplined approach to achieving profit targets.

6. The Challenge is Just the Start

Passing the Prop Firm Challenge is just the beginning of your journey. Once you become a funded trader, continue to learn, adapt, and improve your trading skills. Consistent performance is essential for long-term success. 

Michael Covel

The author of Trend Following, Covel, emphasizes the importance of continual learning and adaptation. He suggests that successful traders view their initial challenges as a stepping stone to long-term success and always want to refine their strategies.

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

AquaFunded is an up-and-coming prop firm based in Dubai that offers traders a reliable opportunity to earn substantial profit splits while trading with their capital. The firm provides accounts of up to $2 million, and traders can earn a profit split of up to 95%. AquaFunded measures success based on easy-to-attain profit targets of 8%, and traders can even receive their first payout in just seven days. AquaFunded is an excellent option for traders who want a low-stress environment to grow their accounts and scale their trading profits. 

Easy Profit Targets for Beginner Traders

AquaFunded stands out for its easy-to-achieve profit targets of just 8%. This is especially beneficial for newer traders who may feel overwhelmed by the prospect of passing a prop firm challenge. When traders reach the target of 8%, they will immediately receive a payout and be transitioned to a funded account with the firm. From there, they can continue to grow their account, and any profits above the 8% target will be theirs to keep. 

AquaFunded's Payout Structure  

Traders receive their first payout after reaching the initial profit target of 8%. AquaFunded then pays out profits bi-weekly, allowing traders to receive their earnings regularly without waiting long periods.

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October 14, 2024
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