E8 Funding
Account size up to
$1,000,000
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E8 Funding combines essential trader information, top-tier technology, and a focus on discipline and long-term consistency, creating a unique, user-friendly experience for traders.
My Forex Funds
Account size up to
$2,020,000
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My Forex Funds, founded in 2020, swiftly gained success with their Rapid account, leading to the development of three distinct funding programs suitable for all types of traders.
True Forex Funds
Account size up to
$400,000
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True Forex Funds necessitates traders to demonstrate their skills through a 2-Phase Evaluation Program, seeking disciplined traders capable of achieving Profit Targets and Trading Objectives.
City Traders Imperium
Account size up to
$2,000,000
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With four decades of expertise, CTI provides traders with the opportunity to trade multiple assets and aims to pave their path towards financial freedom through three diverse funding programs.
The5%ers
Account size up to
$4,000,000
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The5%ers Funding Traders & Growth Program aims to empower full-time traders with higher capital, with the program launched in 2016 by a dedicated and passionate team based in London and Israel.
FundedNext
Account size up to
$4,000,000
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FundedNext aims to financially empower forex traders with up to $300,000 and provides four different funding program options suitable for all trading preferences.
Funded Trading Plus
Account size up to
$2,500,000
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Funded Trading Plus is rapidly growing, offering straightforward rules, competitive pricing, and up to a 90% profit split. The firm's programs range from $12,500 to $2,500,000 in size.
Finotive Funding
Account size up to
$11,410,000
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Finotive Funding, founded by Oliver Newland, seeks to overcome the capital barrier for full-time traders by offering a unique process to help retail traders grow their capital significantly.
The Funded Trader
Account size up to
$1,500,000
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The Funded Trader believes in providing retail traders with opportunities to raise capital based on their performance and commitment to their business, focusing on diverse market conditions.
TopTier Trader
Account size up to
$2,000,000
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TopTier Trader prop firm offers traders an opportunity to manage and grow their accounts, providing up to a 90% profit split, an elite trading environment, and excellent trading conditions.
Leveled Up Society
Account size up to
$2,000,000
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Leveled Up Society seeks passionate and experienced traders, offering them capital and higher profit opportunities, along with excellent trading conditions, competitive prices, and reliable payouts.
Fidelcrest
Account size up to
$2,000,000
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Fidelcrest, a globally operating company, aims to help retail traders make consistent gains over longer periods by providing access to larger capital.
Blue Guardian
Account size up to
$2,000,000
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Blue Guardian assists skillful traders in maximizing their talents by providing funded accounts, acknowledging that success in financial markets requires a well-developed strategy and sufficient starting capital.
OspreyFX
Account size up to
$200,000
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OspreyFX offers trading liquidity from top investment banks, allowing traders to experience ultra-tight spreads and a genuine ECN trading environment.
MyFundedFX
Account size up to
$1,500,000
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MyFundedFX offers two challenge programs that allow profitable traders to trade without risking personal capital, covering all losses while providing payment based on a percentage of profits.
Smart Prop Trader
Account size up to
$2,500,000
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Smart Prop Trader offers access to live-funded accounts to traders successful in their two-step evaluation program, targeting disciplined and talented traders who respect their trading rules.
FTMO
Account size up to
$2,000,000
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FTMO's unique 2-step evaluation course for Traders seeks to discover trading talents and provide them with opportunities for financial independence.
Goat Funded Trader
Account size up to
$800,000
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Goat Funded Trader commits to providing exceptional trading experience with 24/7 customer service, refundable fees, low profit targets, the best trading tools, and competitive spreads and commissions.
Audacity Capital
Account size up to
$480,000
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This award-winning prop firm offers traders funding either through an interview process or by passing their evaluation challenge, widely recognized in various financial media.
FunderPro
Account size up to
$5,000,000
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FunderPro is transforming trader-market interaction by creating low-risk trading opportunities. Their challenges offer a fair opportunity for traders of all experience levels without limiting their success path.
The Trading Pit
Account size up to
$5,000,000
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The Trading Pit aims to set a new global standard in trading and investing by equipping traders with knowledge and tools necessary for success, believing in the power of partnership.
Funded Academy
Account size up to
$10,000,000
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Funded Academy is a team of traders striving to create a competitive environment with better rules, larger account sizes, and life-changing payouts.
Super Funded
Account size up to
$600,000
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Super Funded, founded by Australian forex industry veterans, offers an evaluation-based funding program aimed at benefiting traders worldwide through skill and discipline demonstration.
Funding Pips
Account size up to
$2,000,000
5% off
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Funding Pips provides a two-phase evaluation and funded phase based on their belief that traders progress through three stages in their journey, supporting them in overcoming funding challenges.
Ment Funding
Account size up to
$2,000,000
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Ment Funding, rooted in mentfx's educational experience, fills a gap in the market for reliable funding opportunities, creating a fair trading environment for traders worldwide.
Forex Capital Funds
Account size up to
$600,000
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Forex Capital Funds seeks to revolutionize prop traders' expectations by offering quick and convenient access to global markets at significantly reduced expenses.
Glow Node
Account size up to
$1,000,000
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Glow Node, a proprietary trading firm, offers a premium funding plan for traders worldwide, aiming to help traders profit by allowing them to work with more substantial capital amounts.
Nations Trading
Account size up to
$1,000,000
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Nations Trading aims to find profitable traders deserving to trade large capital amounts, providing them with a well-developed funding program and essential risk control tools.
SurgeTrader
Account size up to
$1,000,000
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Explore SurgeTrader's diverse prop trading options and flexible account plans for traders of all levels.
Alpha Capital Group
Account size up to
$2,000,000
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Alpha Capital Group offers up to $2,000,000 in funding to profitable traders who can demonstrate risk management skills and consistent profits, offering numerous benefits to assist on their trading journey.
Understanding "Maximum Daily Loss" in Prop Trading
Proprietary (prop) trading presents exciting earning opportunities but also comes with inherent risks. One critical concept you should be familiar with in prop trading is the Maximum Daily Loss (MDL). It is a risk management tool incorporated in most prop trading funding programs, intending to limit the amount of money a trader can lose within a trading day. Hence, understanding your MDL is crucial in making calculated trading decisions.
Unpacking the Concept of Maximum Daily Loss
Each prop trading firm sets a Maximum Daily Loss level for every funded trader. This figure is your "loss threshold" - once your daily losses reach this level, trading activity is halted for the remainder of the day. This limit exists to protect both the company's and the trader's capital, preventing catastrophic trading losses in a single trading session.
The Benefits of Maximum Daily Loss
- It provides a safety net, ensuring that a string of poor trades doesn't wipe out your account within a single trading day.
- It fosters discipline, encouraging traders to be more cautious and selective about the trades they make.
- It helps identify areas of improvement, as hitting the MDL often is an indicator that a trader's strategies may need adjustment.
The Drawbacks of Maximum Daily Loss
- It can sometimes force a trader to close out positions prematurely, potentially missing out on future profits.
- It may encourage incorrect trading practices, like making hasty decisions based on the fear of hitting the MDL.
- For some traders, the MDL may feel restrictive and limit potential profit opportunities because the risk is inherently tied to reward.
Finding a Prop Trading Firm that Provides Clear Guidance
When searching for a prop trading funding company, finding one that provides comprehensive guidance on Maximum Daily Loss is pivotal. A supportive firm should not only clearly define what the MDL is, but also offer tailored advice on managing it effectively. The firm should also provide transparency about what happens if you hit your MDL, outlining any consequences or procedures that follow.
Conclusion
Understanding the Maximum Daily Loss within the context of prop trading is essential for managing risk and achieving consistent profitability. While the MDL comes with its set of benefits and drawbacks, its role in shaping disciplined trading habits is undeniable. Working with a firm that offers clear guidance on the subject ensures you're adequately equipped to navigate the dynamic world of prop trading.
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