Online trading companies forex funded account
Once approved, you’ll receive your fully funded trading account within minutes.
Top forex bonuses
From £10,000 to £2,000,000* traders draw strength from diversity. No matter your history or background, you are welcome in the platinum family. A large variation in experience is proven to enhance performance and results.
THE PLATINUM FUNDED TRADER PROGRAMME
The platinum trading academy is famous for turning regular everyday traders into profitable professionals. If you have the ambition, discipline, and patience to succeed, then you are the perfect candidate for our platinum funded trader programme!
Exclusive to residents of the UK, USA, europe, and australia
FAST TRACK
YOUR FOREX
With the current economic climate, starting a career trading within a bank or financial institution is incredibly difficult. We are firm believers in the ability of retail traders around the world, and want to do everything we can to support the next generation of trading elites. We believe the future of trading is in you!
WE BELIEVE IN
DETERMINATION
At platinum, we believe in determination. We are searching for ambitious, determined individuals, looking to expand their trading portfolio and enhance their trading skills to the next level.
Why join the platinum trading team?
Trading account, fully funded
Not liable for account losses
Exclusive professional trading system
Apply now and open your new fully-funded account!
Exclusive to residents of the UK, USA, europe, and australia
CEO, platinum trading academy
Trading account, fully funded
Once approved, you’ll receive your fully funded trading account within minutes. From £10,000 to £2,000,000*
Fair profit share
Our partnership is an even 50-50 split, we provide the capital, you provide the trading. Simple.
Exponential growth
Each time you reach your target, we’ll double the size of your trading account on the spot.
Committed partnership. Unparalleled connection. The platinum trading academy is famous for turning regular everyday traders into profitable professionals, we believe ourselves to be the best at what we do. We trade a number of currencies, commodities, indices, and other asset classes on a number of exchanges with our own trading capital. We do not control any client funds. When you join us, it is strictly in a partnership capacity. We do not give out trading advice. Our academy teaches people various trading strategies that we have used successfully over many years so that people may use these trading strategies for themselves. We believe first and foremost in honesty and absolute transparency in the markets.
TESTIMONIALS
Diversification
Traders draw strength from diversity. No matter your history or background, you are welcome in the platinum family. A large variation in experience is proven to enhance performance and results.
Information
Our information is shared, our expert traders are constantly watching the markets for new opportunities to trade, as well as keeping an ear to the ground for the latest market news events.
Longevity
As an organisation, we’re determined to create long-lasting relationships with our traders by ensuring they have the best tools available in the markets to thrive and be successful.
Respect
We treat everyone the way we’d want to be treated, with the utmost kindness and respect. Positivity breeds positivity, which breeds success. Be kind, and the universe will respond in kind.
Stop trading small accounts
The world’s best subscriptions based FX trading solution. Fundisus provides all participants with funded accounts to access the spot market.
Who are we?
Fundisus is a revolutionary proprietary trading solution. Fundisus has years of industry knowledge and makes use of cutting-edge proprietary trading techology; thus, we are on active trading firm which understands the needs of traders in the market.
We offer $50,000 to start trading forex market with
Traders are compensated on a profit split basis only.
Our funded accounts are EA compatible
Fundisus
Let us tell you more
Your personal liability is limited to your subscription payment.
As all funding is provided by the firm, traders do not risk any of their own trading capital. Even if losses are incurred, the firm will still bear the costs. There are no other trading accounts available that offer this trading opportunity. Use a real account instead of a practice trading account. Preserve your own capital when speculating in FX trading.
Why choose fundisus?
Anyone can trade forex with a capital now.
4 easy steps
Data collection
Total damage has been caused by the civilians arounf the new apple store at wall street.
Guaranteed ROI
Total damage has been caused by the civilians arounf the new apple store at wall street.
Always online
Total damage has been caused by the civilians arounf the new apple store at wall street.
All professional traders start with a $50K trading book, regardless of their background, experience or track record. We give all our traders an equal opportunity to prove themselves as a profitable trader, or have artificial intelligence trading software manage their account hands-free. Profit withdrawals of 5% blocks are independent from the growth targets of 10%.
If you can make a 10% return on your $50K trading book – growing your account to $55k – we will double your initial funding to $100k, or $105k net. The 10% amount of $5k must be maintained in the account and may not be withdrawn. This is independent of any 5% profit withdrawals. Traders have to separately maintain the 10% for the growth target.
If you can make another 10% return on your $100K trading book – growing your account to $115k net – then we will double your account value once again, up to $200k, or $215k net. Again, the $15k amount must be kept in the account.
For the final stage, you must make 10% once again on your $200K trading book, giving you a net of $235k. If you can succeed here we will allocate $1million to you and you will have the opportunity to interview for a fund manager position.
Online trading companies forex funded account
We empower forex & stock traders by giving them the necessary funds to earn a full-time income from home. Traders are given the freedom to bring any successful day-trading strategies they may have and apply them !!
Have you got the SKILLS to pay the BILLS?
In order to secure these funds, you just need to pass the evaluation phase. In this FREE evaluation, you will need to deposit a stake to one of the select brokers, trade and we will monitor you for a few months. If you can display the attributes we look for, you’ll unlock the fully funded account.
The 3 simple steps to get funded
Get evaluated with a LIVE trading account
Secure a fully funded account
View our intro video
View our intro video
Invest responsibly. Trading the FX & stock markets can be challenging and potentially profitable for investors. You should carefully consider your investment objectives, level of experience, risk appetite and whether you can afford to take the risk of losing your evaluation fee.
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US-based traders
Non US-based traders:
Other non US-based traders
PORTFOLIO MANAGER
A trader who has completed with success the trading evaluation phase, and currently trading for funded trader.
QUALIFY ACCOUNT
The initial balance of the account once a trader successfully meets all of the objectives in the evaluation account.
FULLY FUNDED ACCOUNT
Is the account the trader receives to trade. The fund’s authorised personnel will monitor and evaluate the trading activity in this account to verify the trader is complying with the trading policy of the fund.
PROFIT WITHDRAWAL
A trader is entitled to a share of the profits made in the assigned trading account. In the evaluation phase the trader is entitled to 100% of their profits.
GROWTH SCHEME
Once a trader becomes an official portfolio manager for funded trader, the fund may promote the trader’s account as specified by the growth scheme. Yet it is the sole privilege of the fund to deny or delay promotion or change the promotion terms. The growth scheme may change according to the fund’s decision.
EVALUATION ACCOUNT OBJECTIVES
The trading policy a trader must apply in their trading activity, in order to qualify for a portfolio manager for funded trader.
TRADEABLE SECURITIES
Trading activity is limited to forex majors currencies and their combinations: USD, EUR, GBP, JPY, CHF, AUD, NZD, CAD.
The following is a list of securities permitted to trade:
Forex majors: EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, NZDUSD, USDCHF.
Forex majors crosses: AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, GBPAUD, GBPCHF, GBPCAD, GBPJPY, GBPNZD, NZDCAD, NZDCHF, NZDJPY
A trader must avoid trading any other securities unless requested and permitted by the funds official representative. Trading securities which are not permitted for trading may result in termination of the fully funded account or failing the evaluation phase.
OWNERSHIP OF FULLY FUNDED ACCOUNTS & FUNDS
It is to be acknowledged and clear; that the fully funded trading accounts and the funds are the sole property of funded trader. The portfolio manager has no rights over any of the properties mentioned.
TRADING TERMS
MAX EXPOSURE
The maximum allowance of lots summarised by all open positions, regardless of the trade direction (long or short). Exceeding the max exposure value, will automatically disqualify the trader and cause the final termination of the fully funded account. Any position at profit with SL above profit (minus commissions and swap charges), may be ignored in calculating the max exposure.
MAX DRAWDOWN
The maximum drawdown allowance in the account. A drawdown (DD) is the maximum change of equity value between the equity peak value and the equity value. This includes closed and open orders. Exceeding the max drawdown limitation, will disqualify the trader and cause the final termination of the fully funded account.
MINIMUM TRADES
Any position must have a hard stop loss value not greater than the value specified. Failing to place stop loss orders will cause the final termination of the fully funded account.
STOP-LOSS PER POSITION
Any position must have a hard stop loss value not greater than the value specified. Failing to place stop loss orders will cause the final termination of the fully funded account.
TIME LIMIT
The period of time that a trader should accomplish the evaluation objectives is up to 6 months. The time limit may be extended if a trader requests it and upon approval from the director of the fund.
PROFIT WITHDRAWALS
Trading on the fully funded account entitles the trader to withdraw profit by the percentage level specified in the plan of choice.
Profits withdrawals are paid in the following possible circumstances:
- A trader had completed with success the evaluation objectives.
- A trader files a withdrawal request.
- A trader was disqualified and the account balance contains profits.
- A trader of a fully funded account may apply for a profit withdrawal request only once. Once a profit withdrawal is requested, the fund will close all open positions and any profits will be paid by the specified split.
TERMINATION OF A FULLY FUNDED ACCOUNT
The fund will terminate a fully funded account by the following circumstances:
– A trader has exceeded the maximum drawdown allowance
– A trader has exceeded the maximum exposure allowance
– A trader fails to apply proper stop loss for all trades
A terminated account will not be recovered. Once a trader has been disqualified while profits exist in the account, the fund will close all open orders and terminate the account from further trading. Any profits will be paid out by the specified split.
The trader of a terminated fully funded account may apply again for a new evaluation phase from the start. The required minimum deposit in the evaluation phase for the chosen account (regardless of the amount) would become payable again in the event the trader wanted to get evaluated again.
PORTFOLIO MANAGER
A trader who had completed with success the trading evaluation phase and currently trading for funded trader.
QUALIFY ACCOUNT
The initial balance of the account once a trader successfully meets all of the objectives in the evaluation account.
TP EVALUATION ACCOUNT
(take profit evaluation account) is the account the trader receives to trade. The fund authorised personnel will monitor and evaluate the trading activity in this account to verify the trader is complying with the trading policy of the fund. The evaluation account balance is lower by one half of the portfolio account balance, received once the trader is qualified. E.G. To qualify for a fully funded $50,000 account, a trader must trade an evaluation account of a $25,000.
PROFIT WITHDRAWAL
A trader is entitled to a share of the profits made in the assigned trading account, whether it is on an evaluation account or in a portfolio manager account.
GROWTH SCHEME
Once a trader becomes an official portfolio manager for funded trader, the fund may promote the trader’s account as specified by the growth scheme. By default, any portfolio manager for the funded trader. Yet it is the sole privilege of the fund to deny or delay promotion or change the promotion terms. The growth scheme may change according to the fund’s decision.
EVALUATION ACCOUNT OBJECTIVES
The trading policy a trader must apply in their trading activity in order to qualify for a portfolio manager position with funded trader.
EVALUATION ACCOUNT FEE
A fee a trader pays to the fund for the privilege to receive a real money trading account with profit sharing and to be evaluated by the fund’s trading directors for becoming a portfolio manager for funded trader. This is non-refundable once a trader has received access to their LIVE account or commenced trading activity.
EVALUATION ACCOUNT TRADING GUIDELINES & OBJECTIVES
Meeting all the following guidelines and objectives entitles the trader to perform as a portfolio manager for funded trader, with a fully funded trading account.
TRADEABLE STOCKS
Traders are limited to trading stocks on the AMEX, NASDAQ and new york stock exchange (NYSE). Platform accessibility is during US market hours (9:30 a.M. To 4 p.M. EST, except stock market holidays). US based traders are not eligible for stock funded accounts. A trader must avoid trading any other stocks unless requested and permitted by the funds official representative. Trading stocks which are not permitted for trading may result a termination of the evaluation or fully funded account.
OWNERSHIP OF ACCOUNTS, TECHNOLOGY AND FUNDS
It is to be acknowledged and clear; that the trading accounts, the technology, software, the funds worth are the sole property of funded trader. The portfolio manager has no rights over any of the properties mentioned.
TRADING TERMS
MAX TRADE SIZE
Exceeding the max trade value, will automatically disqualify the trader, and cause the final termination of the evaluation or fully funded account. Any position at profit with SL above profit (minus commissions and swap charges), may be ignored in calculating the max exposure.
MAX DRAWDOWN
The maximum drawdown allowance in the account. A drawdown (DD) is the maximum change of equity value between the equity peak value and the trough equity value. This includes closed and open orders. Exceeding the max drawdown limitation, will disqualify the trader, and cause the final termination of the evaluation or fully funded account.
MINIMUM TRADES
The minimum count of trades required in the evaluation account is 40. A trader must exceed the number of minimum trades to qualify for a portfolio manager account.
- TIME LIMIT – the period of time that a trader should accomplish the evaluation objectives is up to 6 months. After the due date, the account will be terminated and the trader will be disqualified. If any profits exist in the account, the fund will send the trader’s share of profits. The time limit may be extended if a trader request from the fund, and by the fund directors approval.
PROFIT WITHDRAWALS
Trading on the TP evaluation account entitles the trader to withdraw profit by the percentage split specified in the plan of choice.
Profit withdrawals are paid in three possible circumstances:
- A trader had completed with success the evaluation objectives.
- A trader files a withdrawal request.
- A trader was disqualified and the account balance contains profits.
- Once a trader completed with success the evaluation objective, the fund will terminate the account, pay out the profits for the trader by the specified split, and reward the trader with a new portfolio manager account.
- A trader of an evaluation account may apply for a profit withdrawal request only once. Once a profit withdrawal is requested, the fund will close all open positions, terminate the account and the trader is announced disqualified. Any profits will be paid by the specified split.
- Once a trader has been disqualified while profits exist in the account, the fund will close all open orders and terminate the account from further trading. Any left profits will pay out by the specified split.
TERMINATION OF AN EVALUATION ACCOUNT
The fund will terminate an evaluation account by the following circumstances:
– A trader had exceeded the maximum drawdown allowance
– A trader had exceeded 50% of the allowable maximum drawdown within 3 months or less
– A trader had exceeded the maximum trade size allowance
– A trader had exceeded the time limit without accomplishing the evaluation objectives
– A trader had exceeded the maximum daily loss allowance 3 times or more
Once an evaluation account is terminated, it will be disabled from further future trading. A terminated account will not be recovered. A trader of a terminated evaluation account may apply again for new evaluation plan from start. The current evaluation fee for the chosen account, regardless of the amount of the original fee paid, would become payable again in the event the trader wanted to open another trading account.
The scope of this privacy policy
Effective date: 1 january 2020. This privacy policy outlines what types of information are collected from our account holders, users, and visitors (“you”, “your” or “user”), to whom it may be disclosed, and how that information may be used by funded trader. (“funded trader”, “we”, “our” or “us”), as each of the foregoing relates to your use of funded trader web site, (the “site”). Please read our privacy policy carefully to get a clear understanding of how we collect, use, protect or otherwise handle your personally identifiable information in accordance with our website. By using our website you agree that you have read, understood, and consented to this privacy policy and our terms of use. We reserve the right to change this policy including altering the purposes for which it processes your personal information. In the event that funded trader considers it appropriate to make any such change, the policy will be updated and posted on our site. Your continued use of the site will constitute acceptance of those changes. The date on which the then current privacy and cookie policy came into force will be as stated at the top of this privacy policy.
Collection of personal data
By providing us with your personal information, you explicitly consent to us processing and disclosing your personal information for the purposes, and otherwise in the manner set out in this policy, or as otherwise provided in accordance with the terms and conditions.
Collection of personally identifiable information (PII)
PII, as used in privacy and electronic communications regulations, is information that can be used on its own or with other information to identify, contact, or locate a single person, or to identify an individual in context.
When do we collect information?
We collect information from you when you subscribe to a newsletter or enter information on our site.
Types of data collected
Personal data
While using our service, we may ask you to provide us with certain personally identifiable information that can be used to contact or identify you (“personal data”). Personally, identifiable information may include, but is not limited to:
First name and last name
Address, state, province, ZIP/postal code, city
Purposes for personal data collection
Analytics to gather metrics to better understand how users access and use the sites and services; to evaluate and improve the sites and services; and to develop new products and services.
Provide our services to provide the services we offer on our sites and to communicate with you about your use of our site or services, to respond to your inquiries, to provide troubleshooting, and for other customer services designed to make your experience better.
Comply with the law to comply with legal obligations, as part of our general business operations, and for other business administration purposes.
Personalisation to tailor the content and information that we may send or display to you, to suggest personalised help and instructions, and to otherwise personalise your experience while visiting or using our site.
Provide our services to provide the services we offer on our site, to communicate with you about your use of our site, to respond to your inquiries, to provide troubleshooting, and for other customer services designed to make your experience better.
Marketing and promotions for marketing and promotional purposes, such as to send you news and updates, special offers, and promotions, or other otherwise contact you about products, services, or information we think may interest you, including information about third party products and services.
Purposes for the collection of personally identifiable information
We may use the information we collect from you when you register, make a purchase, sign up for our newsletter, respond to a survey or marketing communication, surf the website, or use certain other site features in the following ways:
To administer a contest, promotion, survey or other site feature
To send periodic emails regarding your order or other products and services
Cookies
We use cookies and other similar technologies, including log data, on our site to distinguish you from other users of our websites and apps (including when you browse third party websites). This helps us to provide you with a good experience when you use our services. We also use cookies and similar technologies to show you more personalised advertising. You may adjust the settings on your browser to refuse cookies but some of our services may not work if you do so. Examples of cookies we use include:
Session cookies we use session cookies to operate our service.
Preference cookies we use preference cookies to remember your preferences and various settings.
Security cookies we use security cookies for security purposes.
Disclosure of personally identifiable information & data legal requirements
Funded trader may disclose your personal data in the good faith belief that such action is necessary to:
To protect against legal liability
To comply with a legal obligation
To prevent or investigate possible wrongdoing in connection with the service
To protect and defend the rights or property of funded trader
To protect the personal safety of users of the service or the public
Security of data
We recognise that online security is an area of vital importance for all our customers. It is imperative that you should have full confidence that your personal details are secure. We employ security measures to protect your information from access by unauthorised persons and to prevent unlawful processing, accidental loss, destruction and damage. In order to protect both ourselves and our customers from identity theft we may verify the information you have provided with our banking institutions over secure lines. Again this is carried out in accordance with our data protection obligations. Please keep in mind that no method of transmission over the internet, or method of electronic storage is 100% secure. While we strive to use commercially acceptable means to protect your personal data, we cannot guarantee its absolute security.
Service providers
We may employ third party companies and individuals to facilitate our service (“service providers”), to provide the service on our behalf, to perform service-related services or to assist us in analysing how our service is used. These third parties have access to your personal data only to perform these tasks on our behalf and are obligated not to disclose or use it for any other purpose.
Analytics
We may use third-party service providers such as google to monitor and analyse the use of our service. Vendors, such as google use first-party cookies (such as the google analytics cookies) and third-party cookies (such as the doubleclick cookie) or other third-party identifiers together to compile data regarding user interactions with ad impressions, and other ad service functions as they relate to our website.
Opting out: users can set preferences for how google advertises to you using the google ad settings page. Alternatively, you can opt out by visiting the network advertising initiative opt out page or permanently using the google analytics opt out browser add on.
Links to other sites
Our service may contain links to other sites that are not operated by us. If you click on a third party link, you will be directed to that third party’s site. We strongly advise you to review the privacy policy of every site you visit. We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.
Children’s privacy
The funded trader site is not intended for use by minors under the age of 18 and are not targeted to children. We do not knowingly collect information from children under the age of 16, solicit information from such children, or market products to such children.
THE PLATINUM FUNDED TRADER PROGRAMME
The platinum trading academy is famous for turning regular everyday traders into profitable professionals. If you have the ambition, discipline, and patience to succeed, then you are the perfect candidate for our platinum funded trader programme!
Exclusive to residents of the UK, USA, europe, and australia
FAST TRACK
YOUR FOREX
With the current economic climate, starting a career trading within a bank or financial institution is incredibly difficult. We are firm believers in the ability of retail traders around the world, and want to do everything we can to support the next generation of trading elites. We believe the future of trading is in you!
WE BELIEVE IN
DETERMINATION
At platinum, we believe in determination. We are searching for ambitious, determined individuals, looking to expand their trading portfolio and enhance their trading skills to the next level.
Why join the platinum trading team?
Trading account, fully funded
Not liable for account losses
Exclusive professional trading system
Apply now and open your new fully-funded account!
Exclusive to residents of the UK, USA, europe, and australia
CEO, platinum trading academy
Trading account, fully funded
Once approved, you’ll receive your fully funded trading account within minutes. From £10,000 to £2,000,000*
Fair profit share
Our partnership is an even 50-50 split, we provide the capital, you provide the trading. Simple.
Exponential growth
Each time you reach your target, we’ll double the size of your trading account on the spot.
Committed partnership. Unparalleled connection. The platinum trading academy is famous for turning regular everyday traders into profitable professionals, we believe ourselves to be the best at what we do. We trade a number of currencies, commodities, indices, and other asset classes on a number of exchanges with our own trading capital. We do not control any client funds. When you join us, it is strictly in a partnership capacity. We do not give out trading advice. Our academy teaches people various trading strategies that we have used successfully over many years so that people may use these trading strategies for themselves. We believe first and foremost in honesty and absolute transparency in the markets.
TESTIMONIALS
Diversification
Traders draw strength from diversity. No matter your history or background, you are welcome in the platinum family. A large variation in experience is proven to enhance performance and results.
Information
Our information is shared, our expert traders are constantly watching the markets for new opportunities to trade, as well as keeping an ear to the ground for the latest market news events.
Longevity
As an organisation, we’re determined to create long-lasting relationships with our traders by ensuring they have the best tools available in the markets to thrive and be successful.
Respect
We treat everyone the way we’d want to be treated, with the utmost kindness and respect. Positivity breeds positivity, which breeds success. Be kind, and the universe will respond in kind.
The best funded trader program of 2021
Funded trading accounts offer the best of both worlds. You can make money doing something you love, while at the same time not risking any of your capital. A funded trader program is especially appropriate for beginners. But what is the best funded trader program? Let's go through the list of all providers, their pros and cons.
Transparency: we may get compensated when you click on links in this article.
Best funded trader programs
- Best for trading futures: topsteptrader
- Best for trading forex: topstepfx
- Best newcomer: earn2trade
What makes a good funded trader program?
Good funded trader programs help you to get started by offering education, webinars, and support. At the same time, excellent institutional-grade trading platforms and trustworthy funded trading account partners are important.
Are funded trader accounts worth it?
The main benefit of funded trader accounts is the limited risk factor. There is a small monthly fee for real-time data and the platform. In return, you gain access to a funded account once you proved that you have the right skills needed to be successful. Once you got funded, you keep up to 80% of the profit and request a payout to your checking account.
7 best funded trader programs
1. Topsteptrader
As an industry leader and one of the fastest-growing companies in the united states, topsteptrader has the brand-power and reputation that traders trust. To participate in its funded account program, you first need to complete the trading combine. Here, you enter a real-time simulated futures account with $30,000 to $150,000 of paper currency to test if you're ready for the real thing.
- You can apply the software, make profits and control against large drawdowns
- You show consistent profitability and manage risk in the process
- Complete steps 1 and 2 in at least 15 days
Other requirements include:
- You meet your accounts profit targets
- You only trade permitted products during permitted times
- You do not hit or exceed the daily loss limit
- You do not hold positions into major economic releases
- You follow topsteptraders scaling plan
So let's assume you have what it takes. Once you complete the trading combine, you enter the funded trader program. Here, the topsteptrader team allocates capital to your account and lets you trade in real-time with zero personal risks.
So what happens when you start trading?
- You keep your first $5,000 in profits and 80% thereafter
- You can expand your asset-base to include trading EUREX products
- You can withdraw your profits at any time, and there is no wire fee for withdrawals over $500
- Your trades have zero commissions and zero clearing fees using tstrader.
Topsteptrader discloses the official company name and address on their website: topsteptrader, LLC, 130 south jefferson suite 200, chicago, illinois 60661.
We recommend starting with the free trial topsteptrader provides.
Limited time offer
- Topsteptrader 20% discount (automatic discount on all account sizes - ignore the popups on their site, my automatic discount is higher)
For a detailed look at the entire service, check out our complete topsteptrader review.
2. Topstepfx
Currency specialists rejoice, this one's for you. As the currency wing of topsteptrader above, topstepfx funded accounts have the same eligibility requirements. First, you need to complete the trading combine and demonstrate you can apply toptrader's software, implement a winning strategy and manage risk at the same time.
It's a necessary step to ensure that toptrader's capital is safe in your hands. Once you start trading, you keep your first $5,000 in profits and take home 80% of your winnings thereafter. You can also withdraw your profits at any time, and there is no wire fee for withdrawals over $500
Now, what separates topstepfx from topsteptrader?
Well, topstepfx funded account balances include buying power of up to $500,000.
And how is this done? In a word - leverage. Currency positions have leverage ratios as high as 100:1. Compared to topsteptrader, the excess leverage with topstepfx is extremely risky. However, as we mentioned, it's not your money.
With topstepfx financing the positions, you can always trade risk-free without worrying about reprisal. Keep in mind, you do need to prove your skills first. If you're a profitable currency trader that lacks the capital to make major moves, a topstepfx funded trader program may be just what you're looking for.
Topstepfx belongs to topsteptrader, and their company name, address and phone are visible on the website: topsteptrader, LLC 130 south jefferson suite 200 chicago, illinois 60661.
Limited time offer
- Topstepfx 20% discount (automatic discount on all account sizes - ignore the popups on their site, my automatic discount is higher)
For a top-to-bottom rundown of all the service has to offer, see our topstepfx review.
3. Earn2trade
Earn2trade offers two different funded trading programs. The gauntlet program and the gauntlet mini program.
The regular gauntlet program is focused on trading the futures market, where you manage a $25,000 virtual account for 60 days. During this time, you have to trade at least 30 calendar days and once per week. Your target is to reach the 10% profit target and never hit the 10% maximum drawdown.
Successful candidates receive a guaranteed funding offer from their partner helios trading partners.
The new gauntlet mini is a program similar to topsteptrader and oneup trader. You pay a monthly fee, and you have to trade according to the rules. Trading lessons, webinars, and access to journalytix (TM) are included in the monthly price.
After completion, you receive an offer for a funded trading account. Both programs come with an 80%/20% profit split, where you keep the 80%.
The company behind is earn2trade LLC, with a registered office in 30 N gould st. STE 4000, sheridan, WY 82801.
Limited time offer
- Earn2trade 50% discount on the 50k account, 20% discount on any other account sizes.
You find all details and a platform walk-through in the comprehensive earn2trade review.
Let's get it straight, the list of the best funded trader programs already ends after the top 3. Topsteptrader, topstepfx and earn2trade programs begin at about $100 per month. All of the following funded trading account providers offer educational packages along with a potential option to let you trade a funded account at some given time.
Those vendors ask you to pay prices from $2,000 all the way up over $15,000, and some of them do not reveal their company address.
If you are looking for a funded trader account with an excellent price-performance ratio, you may focus on the top 3:
- Topsteptrader (futures trading) topsteptrader free trial or 20% off (automatic discount at the checkout - ignore the popups on their site, my automatic discount is higher)
- Topstepfx (forex trading) topstepfx 20% discount (automatic discount at the checkout - ignore the popups on their site, my automatic discount is higher)
- Earn2trade (futures trading) earn2trade 20%-40% discount (discout applied automatically).
4. Oneup trader
Whether if you just starting out or a seasoned professional, onup trader offers a platform where you can showcase your skills and make some money along the way.
There are two steps to get started:
- Get evaluated
- Get funded
The evaluation process begins with oneup's trading evaluation program. The team puts you through a real-time day trading simulator where you can trade, track, measure and showcase your abilities.
Once you pass the evaluation, you get introduced to oneup's funding partners. Once you start trading, the first $8,000 in profits are yours to keep, and after that, you take home 80% of all winnings.
What are some other benefits?
- Choose funding options from $25,000 up to $250,000
- Simplified funding goals with no hidden fees or fine print
- Trade from home, your favorite coffee shop or wherever you want
- Advanced analytics and data that help you become more successful
- Discuss, collaborate and share ideas with one-up trader's community members
- Full transparency and disclosure regarding all services and requirements
Unfortunately, oneup trader does not disclose any information about the company and their address and contact data on the website. Also, there is no information available on what company will fund your account and how many traders got funded so far.
The oneup trader review covers every detail about the funded accounts, but again, the missing information about the company details and ways to contact them should let you become more cautious.
5. Maverick trading
As one of the top prop trading firms out there, maverick trading offers the opportunity to learn from its experts and - if you have what it takes - join the firm as a full-time trader.
Specializing in equities, options and forex, the team offers support, technology and training that help you every step of the way.
So how do you get funded?
- Submit your application
- Improve your skills using maverick's trading simulators, tests and strategy courses
- Prove your skills by showing you can implement the trading plan, manage risk and produce profits
- Receive a funded account where you keep 70-80% of your profits and get paid every month.
Through its dedicated team, maverick trading promotes diversity, respect and transparency.
Before officially joining the firm, the team will outline all expectations as well as discuss the inherent risks of day trading.
Compared to the top three above, the pricing is significantly higher since they include more extensive education in their program costs. You need about $6,000 to get started and you need to put $5,000 of your own funds at risk once you get funded.
For more information on what all that means, see the maverick trading review.
6. Try day trading
Trydaytrading can cost you more than $15,000! When you first begin the try day trading funded trader program, the team starts by outlining the two most important ways to reduce risk:
- They assign a professional trading coach that teaches you how to trade
- They provide access to try day trading's proprietary leading indicator software
They also offer a 30-day trial. Anyway, the 30-day trial costs you more than $400. A bit hefty for a trial period! And more than $15,000 for their main service seems to be too expensive. Remember, for that money, you could use topsteptrader's trading combine about 150 times!
There is no company name mentioned on their website, only the address in utah. The google reviews seem to be good at first, but clicking on the details you notice that a curious pattern.
The detailed try day trading review covers all of the bells and whistles.
7. Tradenet
Tradenet is not available to residents in the united states. With four pricing options, you can decide which tradenet funded trader program is right for you. Led by meir barak, the site states that it has educated over 30,000 students worldwide on how to become better traders.
All of the funded account programs come with a 14-day money-back guarantee. That way, you can test out the service risk-free before deciding if you want to continue on. The costs are relatively high compared to the competitors mentioned in this best funded trader program comparison.
Please, also keep in mind that tradenet does not offer those funded accounts themself. Instead, they connect you with investment firms once you purchased one of their educational packages.
I found various addresses; one is limassol cyprus, one in israel and the united kingdom.
If you're interested in learning more about tradenet's funded trader programs as well as its education courses and live trading chat room, check out our tradenet review.
Funded trader program summary
There's no doubt funded trader programs have plenty of benefits. Many providers offer exceptional service and can be a great addition to your trading toolkit. Whether it's access to advanced software or the idea of using someone else's money to trade - funded accounts offer a risk-free way to compete against the best.
More importantly, the knowledge you obtain is invaluable. Considering their own money is at stake, providers will do everything in their power to ensure you succeed. They don't want you draining their bankroll, right?
So what this means for you is:
- Greater guidance,
- Mentorship and
- Coaching compared to other services.
As well, when competing in the arena, you're surrounded by other advanced traders. This will help you increase your skill-set and have you climbing up the ladder in no time.
When deciding between the options above, you really can't go wrong with most of them.
Topsteptrader is the market leader and receives our highest rating, followed by topstepfx, and earn2trade.
I am a bit undecided about maverick trading, tradenet, oneup trader and try day trading. The reason is that for some you have to pay between 2,000 and $16,000 to join their programs, some do not disclose any contact and company details.
Their prices are higher because they included extensive trading education courses in their funded trader programs. So it depends on you what you want to trade and what your focus is. If you are looking purely for a funded trader account, then topsteptrader and earn2trade are the best choices.
If you are looking for excellent education, then I recommend you to read my comprehensive best trading courses blog post. And if you really consider joining the expensive funded trader programs, then make sure to read the detailed reviews first.
Best forex managed accounts 2021
A managed forex account is where a money manager handles the investments and trading of the client’s account on their behalf. They manage the client’s account by seeking trading opportunities, adjusting the risk, implementing their own strategies, or even taking input from the client on what they would like to trade on and how.
The world’s most popular FX platforms, the MT4 and the MT5 both feature the possibility of having a money manager manage accounts through them. This is often called a MAMM account.
The brokers below represent the best forex managed accounts brokers.
82% of retail CFD accounts lose money
82% of retail CFD accounts lose money
"all financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary. Activtrades corp is authorised and regulated by the securities commission of the bahamas. Activtrades corp is an international business company registered in the commonwealth of the bahamas, registration number 199667 B. Activtrades corp is a subsidiary of activtrades PLC, authorised and regulated by the financial conduct authority, registration number 434413. Activtrades PLC is a company registered in england & wales, registration number 05367727."
ECN, market maker, no dealing desk
"all financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary. Activtrades corp is authorised and regulated by the securities commission of the bahamas. Activtrades corp is an international business company registered in the commonwealth of the bahamas, registration number 199667 B. Activtrades corp is a subsidiary of activtrades PLC, authorised and regulated by the financial conduct authority, registration number 434413. Activtrades PLC is a company registered in england & wales, registration number 05367727."
Here’s a list of the best forex managed accounts brokers.
Regulated by: cysec, FCA, FSC
Headquarters : 30 churchill place, london, E14 5EU, UK
82% of retail CFD accounts lose money
FXTM is also known as forextime, and commenced operations in 2011 from its de facto headquarters in limassol, cyprus. Since then, FXTM has achieved rapid global expansion, driven primarily by its desire to serve specific local markets with strong FX demand.
The MT4 and MT5 are the platforms provided by FXTM. These platforms, however, come in various versions built for the web, for desktops and for mobile devices. The FXTM MT5 is an improvement on the MT4 and can be downloaded from the myfxtm members’ area.
Activtrades
Headquarters : 1 thomas more square london E1W 1YN united kingdom
"all financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors, please ensure that you fully understand the risks involved, and seek independent advice if necessary. Activtrades corp is authorised and regulated by the securities commission of the bahamas. Activtrades corp is an international business company registered in the commonwealth of the bahamas, registration number 199667 B. Activtrades corp is a subsidiary of activtrades PLC, authorised and regulated by the financial conduct authority, registration number 434413. Activtrades PLC is a company registered in england & wales, registration number 05367727."
Activtrades was founded in 2001 and was recognised by the sunday times fast track 100 as the 90th fastest growing company in the UK for 2017. The company is regulated by the UK financial conduct authority (FCA), as well as the securities commission of the bahamas and offers CFD and spread betting trading accounts with direct execution (non-dealing desk).
FP markets
Headquarters : level 5, exchange house 10 bridge st sydney NSW 2000, australia
This brokerage offers a massive range of tradable assets through forex, CFD, and share trading accounts. FP markets supports the MT4, MT5, and IRESS platforms and offers leverage up to 500:1. You can trade 45 currency pairs with competitive spread or commission pricing.
FP markets was founded in 2005 and is headquartered in sydney, australia. It is regulated by the ASIC in australia. Demo accounts are available. While it is suitable for beginners, education resources are limited.
What is a forex managed accounts?
A managed forex account is where a professional trader/money manager manages the trading on the clients’ behalf. The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs.
An investor may advise the money manager on strategies and signals to look for while trading on his behalf. An investor may do this to take themselves out of the equation and trade without the psychology and emotions that come with wins and losses. On the other hand, some clients simply choose to let the brokerage/money manager trade the account based on their own systems and strategies.
Forex managed accounts can be compared to traditional investment accounts of equities and bonds, in the way that an investment manager handles the trading logistics. In no instance can a money manager withdraw or add funds to the account, they are granted trade only access to the account, and the investor has full control over their account. Money managers charge a fee or commission for managed accounts, so it is important to research a variety of options, as their prices can vary greatly.
How does a managed forex account work?
For an investor to have a managed trading account, they must first open a trading account at a reputable brokerage firm of their choice. Then allocate the necessary amount of funds for a managed account. The money manager has limited access to the account and operates on a trade only basis. The investor remains in full control of the account and its deposits and withdrawal processes.
Now, if a money manager does not have any control over the investors money, how can they conduct trades? Well, upon setting up a managed account, both the investor and money manager must sign a document called a limited power of attorney agreement (LPOA). This is an agreement for both parties, allowing the trader to trade on an investors account on their behalf, without needing to transfer the investors funds to the traders account. This agreement provides a high level of security, control, and transparency that’s comfortable for the investor.
With the signing of this agreement, the managed account gets placed in what’s called a “master block”, and as stated before, the investor continues to have full control of their account. They can check the balance, deposit or withdraw funds, monitor trade activity, and even revoke the LPOA agreement at any time if they are not happy with the money manager. One thing they can not do is conduct their own trading on the account, unless they revoke the LPOA agreement.
Regarding the money managers aspect of managed forex accounts. They may trade for many investors all from a single master account using PAMM, LAMM, or MAM software and technology. These technical procedures are integrated into most reputable brokerages and various online trading platforms, making it possible for traders to manage investor accounts.
Account types
Investing through a managed account has been around for a long time. In fact, it’s been around for as long as investing. With that in mind, there have generally been 3 types of managed forex accounts that prevail- individual, pooled, and more recently; varieties of PAMM accounts.
Individual account
This type of account is the most simple and standard type of account when you think of a managed account. The account managed is a segregated account where the money manager makes all the trades on your behalf. The traders’ decisions are based solely on your instruction or desire, he/she is trading for you and only you.
Their decisions will be based on your risk level and whether you provide any specific strategy or guidance. Since there are no additional traders’ funds involved in this account, the minimum deposit may be quite high- exceeding $10,000. For this reason, and the fact the manager is trading this account individually for you, you will want to ensure a professional and competent money manager is chosen. A great deal of research and client testimonials will be beneficial when going this route.
Pooled account
This type of account is very similar too mutual funds, in where many investors pool their money together in a separate account and share the profits after fees and expenses. With pooled accounts, there are often a variety of pools to choose from. Each may be offering different risk levels, minimum deposits, investment strategies, currencies traded, and fees and expenses. These types of accounts are managed for a variety of investors, requiring you to choose or be advised on which pool suits your needs.
Unlike individual accounts, the manager is trading for numerous investor desires. To help determine an account for you, each fund will have years of past performance for review. A main benefit of pooled accounts is the lower minimum deposit required to enter, being as low as $2000. Although, there are often minimum participation requirements upon entering a pool fund. These are all factors you need to consider before diving in.
PAMM, LAMM, & MAMM accounts
These types of accounts use sophisticated technology to distribute profits, losses, and fees based on percentages of funds each investor has involved in the master account used for trading. These account methods are relatively new in comparison with the other two listed here, and offer the satisfaction of dealing directly with the broker of your choice in a secure and transparent way.
It’s similar to the mirror and copy trading features some brokers offer, because of the automation and technicality. Although, it still has more similarities to a managed account. All these types of accounts are basically pool accounts, in the sense that numerous investors pool their money together and reap the profits or losses of the money manager.
What should you look for in a managed forex account?
There are numerous things to consider when opening a managed forex account and you must always be careful when selecting a money manager. You need to use due diligence ensuring the money manager is reputable and trustworthy. The forex industry is known to have some notable scammers in the past, so extra precautions must be made to guarantee safe and secure management.
Not only do you need to take precaution when choosing your money manager, but also in the type of account that’s suitable for your needs. Below are some things to look for when choosing a managed forex account.
- The risk level of an account or manager is something to consider. When trading with an individual account, you want to choose a money manager who’s trading style and history is at the level of risk you’re comfortable with. You can advise your money manager on how to trade, but by choosing one that trades with your level of risk already can make all the difference. As well, with trading accounts, you want to choose a pool with your appropriate risk level and trading method.
- Another important factor are the fees, expenses, and minimum deposits involved with a trading account. Many firms will charge performance fees to your account. These fees can vary greatly based on the account type, and risk level of such an account. These rates can range from anywhere between 10%-35% and some cases even higher. These rates are in accordance to a principle called the “high water mark”. This protocol is applied to your account if at the end of each month your net balance is higher than a certain percentage. If this is the case, your account will be deducted the performance fee which is a certain percentage. Some brokerages may also charge an account management fee on top of the other fees for following a specific formula. Also in some cases, there can be a fee for the termination of account in the event of transferring all funds.
- An important factor when choosing a reputable managed forex account is the availability of past performance history. Past performance may not be an indicative factor of future results, but at least the history shows experience of the forex account. There should be published history of at least a few years for a reputable brokerage managed account.
How to open a managed forex account?
Opening a managed forex account is more complicated than you might think. That is why we’ve created a detailed list pertaining to the necessary steps involved. Discover the intricate process in great detail below;
- Before you make the necessary steps to opening an account, you must first determine your risk tolerance. You need to know this so you know who to look for in a money manager, you can view their track record and overall risk score. Another point that goes along with this are your goals. If you want to make higher profits in a short amount of time, high risk managed account might be the option for you.
- Spend time networking and searching for the right forex trader. There are lots of options out there, but not everyone is right for you. Use your due diligence and research, reach out, and network to find the best possible forex brokerage.
- Once you have narrowed down your list of forex traders, you need to go over each contract. Make sure you feel comfortable with everything and understand the max drawdowns, liability coverage, fees and expenses, and so on. Your due diligence is key in obtaining a successfully managed forex account.
- Again, ensure everything is up to spec with the trader your interested in. View past performance reports, client testimonials, reviews, and anything you can dig up on the internet.
- Once you have completed the steps above you are ready to select a forex trader to manage your account. You’ll need to complete and sign the necessary documents, and contracts including the signing of a limited power of attorney agreement (LPOA).
- The next step is to receive your account number and transfer funds into the account. The account number is tied to your name, information, and your segregated trading account. Once everything is in order you can go ahead and transfer the funds, knowing you’re with a trusted and secure forex trader by following the steps above.
- Finally, you wait for the money to be transferred, and it’s complete. It really is a simple process. You can have a managed forex account up and running within a few days. Now, you can analyze your account and even learn from the trades that are being made.
The 5%ers funding programs
Select the funded trading account that best suits you
RISK MANAGER PROGRAMS
The risk manager program is made for the well-disciplined traders; this is an ideal option for traders who prefer a relaxed challenge. For those traders, we provide quicker targets for extraordinary hyper-growth pace. This program requires your funded forex account to sustain approximately a 6% gain in net profit, with an allowance of a 4% maximum loss, mandatory stop loss, and the use of low leverage as high as 6:1. The growth rate is set to double the account at 10% net gain.
AGRESSIVE TRADER PROGRAM
The aggressive program is for the freestyle traders. We have unleashes all rules for freestyle trades. We provide high leverage trading, as high as 30:1 and no mandatory stop loss. Given the absolute trading flexibility, the trader is required to accomplish a 12% net profit for level 1 funded account, and for higher levels of the program 25% net profit for doubling the account.
Choose your funded account model
Profit target is determined by the profit goal for the current stage, from which the5ers will increase your trading capital responsibility.
Profit is the sum of all realized and unrealized positions including commission and swap charges. Once the target is hit, the trader is requested to close all running trades, and report the achievement to the fund.
It is only for the first stage of the program, the profit target is lower, 6% for the low-risk plans, and 12% for the aggressive programs. With all the rest of the stages, the profit target is 10% for the low risk, and 25% for the aggressive programs.
The equity stopout level is the lowest value of the account allowed. Once the account equity value is below this level, the fund will close all running trades, and disable trading and access.
The stopout level is a fixed value of loss allowance measured from the starting balance account of each level. As much the trader profit in the account, so his/hers loss allowance increases. Example: the starting balance is $10,000, the account is with $200 profit, the equity stopout level is $9,600; this gives the trader $600 loss allowance, if the profit increases to $500, the loss allowance is now $900.
The leverage applied for the trading account. The trader is allowed to utilize the full leverage applied for the account with no further enforcement.
Aggressive programs are set to 1:30 leverage, powers by 30 times the market buying allowance. Low risk programs are set at 1:6 leverage, powers by 6 times the market buying required.
Setting a stoploss for every trade is required when participating in the low risk programs. Only in the low risk plans, each and every position must consist of a proper stoploss at value not greater of 1.5%. The fund risk monitor, allows up to 2 whole minutes for placing a proper stoploss.
Failing to maintain stoploss discipline will result by switching the program to aggressive mode.
The maximum time required to complete the profit target for the first level of the program. To be clear, the maximum expiry time is applied ONLY for the very FIRST stage of the program. In all other progressed levels, there will be NO expiration time limit for active traders.
The maximum number of calendar days is set for 180 for the low risk plans, and 60 calendar days for the aggressive plans.
Once hitting the profit target alone with the rest of the qualification objectives, the5ers will increase your capital responsibility, with all the objectives increased proportionally.
At the first stage accomplishment, you will be receiving 4 times greater from initial capital of your first account. For every other steps (but the first one) the growth upscaling is twice of the last initial capital.
The deal with the5ers is that you bring the trading and we bring all the trading capital, we take the full risk for trading loss - but the profits will be shared with you. We will pay you a commission of 50% of the trading profits.
Payout is issued every month starting the second level of the program. Only at the first stage payout is paid once the stage is fully completed.
Good to know, receiving payouts is never being deducted from your forward progression toward the next milestone. With the5ers you get both the growth and the payouts. No need to decide.
A thought about percentage. Some may say a better percentage offer could be found elsewhere. We say, don’t judge by the percentage - judge by the potential money you actually receive. With our fast growth plan, you are increasing your actual money profit potential much faster than anywhere else.
The5ers guarantees maximum trading capital in funding, which is currently a 1.28 million dollars real funded account.
1.28 million is a big account to manage, however, this is not our final offer for you. Once you accomplish your goal on the 1.28 M account, we will discuss with you further growth and targets.
By signing up for the5ers programs you receive an instant funded account right away, with trading access to the fund’s pool account. We give a fair opportunity for every trader to present his/her trading skills on a real-capital-funded account. We take full responsibility to handle potential trading losses, which should be secured by a one-time participation fee.
Your participation fee is not trading securities. We are not a broker, not representing any financial institutes. Your once-off fee is paying you into the most rewarding funding program experience in the industry.
The fee is not refundable once you had made your first action in the funded account. Remember, you are being assigned to a real funded account from the very beginning. Any profits you will be making will be shared with you eventually.
Of course, we provide much more than just funded accounts. Trading with the5ers is a whole trading experience, including funding, accelerated growth with extreme income potential, full dedicated team of professionals ready to cater to your professional and administrative requirements, we provide education, and trading events, a live trading room, and extensive performance statistics dashboard.
Double capital at profit milestone up to 1.28 million guaranteed!
The5ers offer the most extreme and accelerated growth rate. At every milestone you are acquiring, the5ers will double your initial capital handling, also doubling the trading objectives, in terms of maximum loss allowance (aka equity stop out level), leverage, and stoploss (for applicable programs).
Milestones for the low-risk programs are set to 10% net profit, for the aggressive plans, a 25% target is set.
Compare brokers that accept credit cards
For our credit cards comparison, we found 3 brokers that are suitable and accept traders from united kingdom.
We found 3 broker accounts (out of 147) that are suitable for credit cards.
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About IG
Platforms
Funding methods
76% of retail investor accounts lose money when trading spread bets and cfds with this provider
City index
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About city index
Platforms
Funding methods
73% of retail investor accounts lose money when trading cfds with this provider
Admiral markets
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About admiral markets
Platforms
Funding methods
83% of retail investor accounts lose money when trading cfds with this provider
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
The ultimate guide to
Online forex trading account funding: credit cards
Credit cards are one of the safest and easiest methods to fund or make withdrawals from your online trading account. They are widely accepted by most online forex brokers. Brokers that are registered with the financial conduct authority (UK) will only accept credit cards from the forex account owner to prevent money laundering/fraud.
An important consideration to take if you are opening an online trading account is that mastercard do not accept refunds from spread betting or CFD trading companies.
A few things to consider before using a credit card to fund your forex account is:
- If your card accepted by the broker
- Do they charge fees for credit cards
- Do they accept traders from your country
- Are there better alternatives
- What documents do they need
- How long does it take for transactions
Featured forex broker that accept credit cards: ETX capital
ETX capital is a top choice for traders looking for a trusted and regulated forex broker that also accept credit card payments. Why ETX capital?:
- They accept all major credit and debit cards except AMEX.
- They do not charge fees for making payments or withdrawals.
- Payments are processed quickly so you can start trading immediately- 1 working day.
- Accept deposits in several currencies including :GBP, USD, EUR, ZAR, PLN, NOK, DKK, CZK and CHF.
Credit cards accepted by most online brokers:
Credit cards accepted by a minority of online brokers:
Credit card deposit/withdrawal fees
There is a mix of brokers who do not charge the trader any fees for making deposits/withdrawals while others charge a fee, usually around 2%. Some credit cards may also treat payments to forex brokers as cash advances rather than a regular purchase and charge a high interest rate. It would be best advised to check with your credit card provider first to see how they would view the payment. Generally using a debit card will always be free to use and may be the better option.
If you just register your card without making a payment, most brokers will make a pre-authorisation charge of 0.01p from your account. This will be reversed within a week and is only to ensure that it is a real card. This is a usual practice for businesses that require a credit card to make a reservation like hotels.
Making deposits and withdrawals
Before making any withdrawals, the brokers will generally require a few documents to verify who you are and to prevent fraud.
Required documents
- Government issued ID/passport/EU driving licenses
- Utility bill/bank statement/tax assessment showing your full name and physical address
- KYC form
Once registered payments and withdrawals are simple and take only a few days.
Usual payment/withdrawal processing times
Different brokers may have different requirement so it would be best advised to check what your chosen broker requires before you are allowed to make any withdrawals.
Broker debit cards
Some brokers will even offer their own branded mastercard debit cards such as avatrade, hotforex and XM. These cards are directly connected to your trading account and allow you to instantly withdraw funds from your account.
Why choose IG
for credit cards?
IG scored best in our review of the top brokers for credit cards, which takes into account 120+ factors across eight categories. Here are some areas where IG scored highly in:
- 44+ years in business
- Offers 10,000+ instruments
- A range of platform inc. MT4, mac, web trader, L2 dealer, tablet & mobile apps
IG offers four ways to tradeforex, cfds, spread betting, share dealing. If you wanted to trade EURUSD
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
IG have a AAA trust score. This is largely down to them being regulated by financial conduct authority and ASIC, segregating client funds, being segregating client funds, being established for over 44
Trust score comparison
IG | city index | admiral markets | |
---|---|---|---|
trust score | AAA | AAA | A |
established in | 1974 | 1983 | 2001 |
regulated by | financial conduct authority and ASIC | financial conduct authority, ASIC and MAS | financial conduct authority, cysec |
uses tier 1 banks | |||
company type | private | private | private |
segregates client funds |
A comparison of IG vs. City index vs. Admiral markets
Want to see how IG stacks up against city index and admiral markets? We’ve compared their spreads, features, and key information below.
Best forex brokers – top 10 brokers 2021 in the united kingdom
How should you compare forex brokers, and find the best one for you? In our forex brokers reviews list, we have taken into account a wide range of ranking factors, from fees and spreads, to trading platforms, charting and analysis options – everything that makes a broker tick, and impacts your success as a trader.
The “best” forex broker will often be a matter of individual preference for the forex trader. It may come down to the pairs you need to trade, the platform, currency trading using spot markets or per point or simple ease of use requirements.
But we can help you choose…
Below are a list of comparison factors, some will be more important to you than others but all are worth considering. Details on all these elements for each brand can be found in the individual reviews.
Forex brokers in the united kingdom
How to find the best forex broker
The main criteria for finding the best forex brokers in the united kingdom 2021 are these – we will expand on each area later on in the article:
- Trading conditions/fees – this is the most important part of your global forex broker appraisal. There is no way around that. One forex broker may charge you 10 times less for the same trade than another. Take note of “hidden” fees, such as withdrawals fees, or inactivity fees.
- Market coverage – you need to be able to trade the fx pair or product of your choice/preference.
- Accessibility and affordability – beginner forex traders and small-timers need love too. You should never be forced into making a minimum deposit that you cannot afford to lose. Minimum deposits range from $10 to $1000 (or the £ / € equivalent). It might be worth investing more for a platform that suits you better, so stay open minded.
- Trading platforms – the forex trading platform and the tools it features are your primary weapons in your personal war for profits. Pick the one that suits you best. Remember many platforms are configurable, so they can be tailored to suit you. Personal preference will play a large part here, as many trading platforms offer very similar services, but look and feel very different. Is a mobile platform your priority, or a desktop web trading platform?
- Mobile trading apps – being able to trade on the go may be important. Some mobile apps are superior to others. Ideally the mobile platform will function just as the web based version.
- Deposits and withdrawals – you have to move funds to and from the broker, quickly and preferably cheaply. The deposit/withdrawal methods supported by the forex broker determine whether or not you can accomplish that. Financing an account may also require a specific payment method.
- Reputation – people talk. It is well worth listening to what traders say about a forex broker they have already tried.
- Regulation – when push comes to shove, legal recourse is your first, last and only hope to settle the problems you might have with your forex broker. A proper regulatory framework is preventive in nature. It aims to keep such problems from popping up in the first place.
- Customer support – you need someone to talk to when you run into problems with your deposits, actual trading, or – god forbid – withdrawals. Competent support is a must. From opening an account, to help with the platform, customer support can be important.
- Company background and history – knowing the past exploits of your forex broker can give you a better idea of what it is up to now. A listed company has to publish numerous elements of information about their balance sheet for example. You want peace of mind that your trading funds are segregated, and held safely and securely.
- Education – it never hurts to improve your understanding of how the forex markets work and how you can make the most of the opportunities they present. Some brokers offer extensive educational tools.
- Account opening / registration – is it a simple process to open an account? Do clients need to be verified? These processes are not always the same and might be worth considering if opening a trading account has been problematic in the past.
Broker costs
The services that forex brokers provide are not free. You pay for them through spreads, commissions and rollover fees. Low trading fees are a huge draw.
The fee structures differ from one forex broker to another, and even from one account type to another. There are two widely used basic setups.
- The broker charges a spread only. All other fees – with the exception of the rollover rate – are included in the spread.
- Besides the spread, a commission is charged as well. This commission is based on the amount you trade.
Spreads
Of these two forex broker fee arrangements, the second one is arguably the more transparent. That said, the commission/spread combination may not be the cheaper choice in every instance.
The spread can be fixed or variable. Fixed spreads are always constant. ECN broker may even deliver zero spreads. Variable spreads change, depending on the traded asset, volatility and available liquidity.
A currency market and spread go hand in hand.
Daily spreads may only differ slightly among brokers, but active traders (or even hyper active traders) are trading so frequently that small differences can mount up and need to be calculated to compare trading costs.
The lowest spreads suit frequent traders.
Some brokers focus on fixed spreads. There are indeed 1 pip fixed spread forex brokers out there too.
Forex brokers with low spreads are certainly popular. Do take commission and rollover/swap into account as well with such brokers though.
What is the rollover rate?
Forex positions kept open overnight incur an extra fee. This fee results from the extension of the open position at the end of the day, without settling. The rollover rate results from the difference between the interest rates of the two currencies. The first of the pair is the base currency, while the second is the quote currency.
Forex pairs traded
While most forex brokers offer impressive-looking selections of currency pairs, not all of them cover minors and exotics. Does the broker offer the markets or currency pairs you want to trade?
If you are trading major pairs (see below), then all brokers will cater for you.
If you want to trade thai bahts or swedish krone as the base currencies you will need to double check the asset lists and tradable currencies.
Majors
The aussie dollar ans swiss franc, while considered ‘minor’ pairs, are often traded in high volume. You can read more about those here: aud/usd or usd/chf
That said, there are brokers out there that will truly go out of their way to cater to their traders’ needs. Some will even add international exotics and currency markets on request.
Such flexibility is obviously a major asset, positively impacting the overall quality of the service.
What about crypto?
Cryptocurrency pairs are quite ubiquitous nowadays. Crypto/fiat and crypto/crypto pairings are both popular.
The massive volatility associated with these products makes scalping a viable strategy for profitable trading.
Some traders are in the forex game specifically to trade the crypto volatility. Such operators obviously need a forex broker that features as many crypto pairs as possible.
Micro accounts
Not everyone trades forex on a massive scale. In fact, many forex traders are small-timers. Such forex clients appreciate forex brokers’ micro accounts, some of which have the US dollar as their base currency.
Some forex micro accounts do not even have a set minimum deposit requirement. Such cheap trading options certainly make sense for those looking to dive deeper into real money trading, without risking their life savings.
Note however that the spreads/commissions on such micro accounts tend to be quite adverse.
It is however, a cheaper introduction to a complex market (similar to cfd accounts) – and trading for real beats a demo account for genuine experience learning how to trade.
Trading platforms
Forex trading platforms are more or less customisable trading environments for online trading.
They provide traders with technical analysis tools, live news feeds, diverse order types, automation, advanced charting and drawing options etc. Some may include sentiment indicators or event calendars.
Metatrader 4 or 5
Integration with popular software packages like metatrader 4 or 5 (MT4 or MT5) might be crucial for some traders. Many brands offer automated trading or integration into related software, but if you are going to rely on it, you need to make sure.
Trading view
Tradingview is also a popular choice. Some forex brokers allow their traders to trade directly on the world’s top social trading network.
Proprietary solutions are often interesting, though in some cases less than optimal. For traders who base their strategies on the use of eas and VPS, a proprietary platform that does not support such features, is useless.
While we are discussing strategies: not all forex brokers support strategies such as hedging, scalping and eas.
Make sure you understand any and all restrictions in this regard, before you sign up.
If you want scalping, see if your broker is a forex broker for scalping.
For those who want to trade on the go, a mobile trading app is obviously important. While all forex brokers feature such apps these days, some mobile platforms are very simplistic.
They lack all the advanced analysis and market research features, and as such, are hardly useful.
Tools & features
From charting to futures pricing or bespoke trading robots, brokers offer a range of tools to enhance the trading experience.
Again, the availability of these as a deciding factor on opening account will be down to the individual.
Level 2 (or level II) data is one such tool, where preference might be given to a brand delivering it.
Deposits and withdrawals
There are some massive disparities between the costs associated with deposits and withdrawals from one broker to another. Such disparities mostly result from the internal procedures observed by different brokers.
At one given broker, it can take as much as 5 times longer to fund an account than at another. The incurred costs differ quite a bit as well.
Otherwise, the payment process largely hinges on the accepted money transfer methods.
It would make sense for brokers to adopt as many such methods as possible, yet some still fall well short of the mark.
Education
Some traders may rely on their broker to help learn to trade. From guides, to classes and webinars, educational resources vary from brand to brand.
A broker however, is not always the best source for impartial trading advice. Consider checking other sources too – such as our trading education page!
Payment methods
The most common methods are bank wire, VISA and mastercard. The majority brokers tend to accept skrill and neteller too.
Forex brokers with paypal are much rarer. The same goes for forex brokers accepting bitcoin.
We are not talking about bitcoin trading, but actual deposits made in the top cryptocurrency.
Proper forex brokers always provide a local-specific payment solution to their target countries.
Customer feedback
Based on actual user feedback, forex broker reputation can best be gleaned from various community review sites and forums.
You have to take this type of feedback with a grain of salt, to say the least.
First of all: disgruntled traders are always more motivated to post feedback. They are not likely to be unbiased.
Secondly: not all of this feedback is factually correct. Furthermore, there is no way to actually fact-check/verify this data. Even sites like trustpilot are blighted with fake posts or scam messages. There is no quality control or verification of posts.
That said, it is still relevant. If there’s a forex broker about which no one has ever said anything good, chances are it might have issues. To the trained eye, genuine trader reviews are relatively easy to spot.
The utter lack of community feedback is red flag as well. People always have something to say about their forex broker or trading account. Therefore, something is definitely amiss if there is no information available in this regard.
Regulation
Regulation should be an important consideration if trading on the forex market. Whether the regulator is inside, or outside, of europe is going to have serious consequences on your trading.
ESMA (the european securities and markets authority) have imposed strict rules on forex firms regulated in europe. This includes the following regulators:
ESMA have jurisdiction over all regulators within the EEA
The rules include caps or limits on leverage, and varies on financial products. Forex leverage is capped at 1:30 (or x30). Outside of europe, leverage can reach 1:500 (x500).
Traders in europe can apply for professional status. This removes their regulatory protection, and allows brokers to offer higher levels of leverage (among other things).
Outside of europe, the largest regulators of trading accounts and brokers are:
These cover the bulk of countries outside europe. Forex brokers catering for india, hong kong, qatar etc are likely to have regulation in one of the above, rather than every country they support.
Some brands are regulated across the globe (one is even regulated in 5 continents). Some bodies issue licenses, and others have a register of legal firms.
So to reiterate, an ASIC forex broker can offer higher leverage to a trader in europe.
Offshore regulation – such as licensing provided by vanuatu, belize and other island nations – is not trust-inspiring. Beyond a nominally available dispute-resolution system, such regulatory coverage offers you no protections.
Regulators such as ESMA (european securities and markets authority) generally frown upon bonuses.
Forex brokers not affected by ESMA can afford to give you potential extra value through promotions. Those same ESMA rules are also why some brands are duty bound to display warnings about CFD trading creating a “risk of losing all your money“.
Security
Most brands will follow regulatory demands to separate client and company funds, and offer certain levels of user data security.
Some brands might give you more confidence than others, and this is often linked to the regulator or where the brand is licensed.
A worthy consideration. Some regulators will set a higher benchmark than others – and being registered is not the same as being regulated.
Account security also differs among brokers. Some may offer the additional layer of protection of 2FA (two-factor authentication) to ensure only you have access to the account.
Demo accounts
Try before you buy. Most credible brokers are willing to let you see their platforms risk free. Trading on a demo account or simulator is a great way to test strategy, back test or learn a platforms nuances.
Try as many as you need to before making a choice – and remember having multiple accounts is fine (even recommended).
FX leverage
For european forex traders this can have a big impact. Forex leverage is capped at 1:30 by the majority of brokers regulated in europe. Assets such as gold, oil or stocks are capped separately.
In australia however, traders can utilise leverage of 1:500. That makes a huge difference to deposit and margin requirements. Australian brands are open to traders from across the globe, so some users will have a choice between regulatory protection or more freedom to trade as they wish.
Just note that higher leverage increases potential losses, just as it does potential profits.
Company history
A proper regulatory agency will not think twice about handing out cease and desist orders to dishonest brokers. It will also likely blacklist them.
This practice creates a sort of online trail, an operational history of sorts, highlighting the past sins of currently “reputable” forex brokers.
What’s interesting about this history is how little exposure it receives. You actually have to scour the archives of regulators to happen upon such relevant bits of information.
Bonus
From cashback, to a no deposit bonus, free trades or deposit matches, brokers used to offer loads of promotions. Regulatory pressure has changed all that.
Bonuses are now few and far between. Our directory will list them where offered, but they should rarely be a deciding factor in your forex trading choice.
Also always check the terms and conditions and make sure they will not cause you to over-trade. Many have time limits or turnover requirements.
Additional account details
When comparing brokers, there are also other elements that may affect your decision. These will not affect all traders, but might be vital to some.
Order execution types
Once you click the “open trade” or “enter” button in your trading interface, you start a rather intricate process. Your broker uses a number of different methods to execute your trades.
Exactly which method it uses for a particular trade will be reflected in the price you pay for it. Some brokers only support certain order execution methods. For instance, your broker may act as a market maker and not use an ECN for trade execution.
If you are looking for this method specifically, you will need to seek out an ECN forex broker.
Ecns are great for limit orders, as they match buy and sell orders automatically within the network.
Some other options that your forex broker can use are:
- Order to the floor. Mostly used for stocks. This execution type is handled manually, through actual trading floors/regional exchanges. It is therefore extremely slow.
- Order to third market maker. This execution type involves a third party, which is a market maker. This party is the one handling the order.
- Order to market maker. This method is essentially the same as the above one. The market maker handles trade execution. Some market makers pay brokers to send them orders. Thus, your order may not end up with the best market maker.
- Internalization. When using this method, the broker matches the order from its own inventory of assets. This execution method is therefore extremely fast.
Order execution is extremely important when it comes to choosing a forex broker. It also goes hand-in-hand with regulatory requirements.
Broker reporting
Both ESMA and the US’s SEC require brokers to report the quality of the execution their services provide. Regulators aim to make sure that traders get the best possible execution.
Mifid II sets clear guidelines in this regard. Online forex brokers are required to submit data concerning their execution methods as well as execution prices on a trade-by-trade basis.
This may seem tedious, but it is the only way to head off fraud. The prices are compared to the public quotes. If the broker executes trades at better prices than the public quotes, it has some additional explaining to do.
If it routes the trader’s order through a less-than-optimal path, it has to disclose this fact to the trader.
These examples yet again showcase the importance of a proper regulatory background.
Account types
From cash, margin or PAMM accounts, to bronze, silver, gold and VIP levels, account types can vary. The differences can be reflected in costs, reduced spreads, access to level II data, settlement or different leverage.
Micro accounts might provide lower trade size limits for example.
Retail and professional accounts will be treated very differently by both brokers and regulators for example. An ECN account will give you direct access to the forex contracts markets.
So research what you need, and compare it to what you are getting.
Scams
Our reviews have already filtered out the scams, but if you are considering a different brand, avoid getting caught out with these checks;
- Were you ‘cold called’? Reputable firms will not call you out of the blue (this includes emails, or facebook or instagram channels)
- Are they offering unrealistic profits? Just stop and consider for a minute – if they could make the money they are claiming, why are they cold calling or advertising on social media?
- Are they offering to trade on your behalf or use their own managed or automated trades? Do not give anyone else control of your money.
If you have any doubts, simply move on. There are plenty of legitimate, legal brokers.
With all these comparison factors covered in our reviews, you can now shortlist your top forex brokers, take each for a test drive with a demo account, and select the best one for you.
We have ranked brokers based on our own opinion and offered ratings in our tables, but only you can award ‘5 stars’ to your favourite!
Read who won the daytrading.Com ‘best forex broker 2021‘ on the awards page.
Difference between A broker and A market maker?
A broker is an intermediary. Its primary (and often only) goal is to bring together buyers and sellers. By matching orders, hopefully automatically, without human intervention (STP), a broker fulfils its task. For this service, it collects its due fees.
A market maker on the other hand, actively creates liquidity in the market. It always buys and it always sells, acting as a counterparty to traders. Should your forex broker act as a market maker, it will in effect trade against you.
The conflict of interest in this setup is obvious, but it does happen.
The bottom line
Hopefully, you now understand some of the methods we’ve used to create our forex brokers ranking list.
Picking the right broker is no easy task, but it is imperative that you get it right. While we can point you in the correct general direction, only you know your personal needs. Take them into account, together with our recommendations.
Forex broker reviews
Use this table with reviews of the top forex brokers to compare all the FX brokers we have ever reviewed. Note that some of these forex brokers might not accept trading accounts being opened from your country.
If we can determine that a broker would not accept your location, it is marked in grey in the table.
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- PORTFOLIO MANAGER
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- GROWTH SCHEME
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- TRADEABLE SECURITIES
- OWNERSHIP OF FULLY FUNDED ACCOUNTS &...
- TRADING TERMS
- MAX EXPOSURE
- MAX DRAWDOWN
- MINIMUM TRADES
- STOP-LOSS PER POSITION
- TIME LIMIT
- PROFIT WITHDRAWALS
- TERMINATION OF A FULLY FUNDED...
- PORTFOLIO MANAGER
- QUALIFY ACCOUNT
- TP EVALUATION ACCOUNT
- PROFIT WITHDRAWAL
- GROWTH SCHEME
- EVALUATION ACCOUNT OBJECTIVES
- EVALUATION ACCOUNT FEE
- EVALUATION ACCOUNT TRADING GUIDELINES &...
- TRADEABLE STOCKS
- OWNERSHIP OF ACCOUNTS, TECHNOLOGY AND...
- TRADING TERMS
- MAX TRADE SIZE
- MAX DRAWDOWN
- MINIMUM TRADES
- PROFIT WITHDRAWALS
- TERMINATION OF AN EVALUATION...
- The scope of this privacy policy
- Collection of personal data
- Collection of personally identifiable information...
- When do we collect information?
- Types of data collected
- Purposes for personal data collection
- Purposes for the collection of personally...
- Cookies
- Disclosure of personally identifiable information...
- Security of data
- Service providers
- Analytics
- Links to other sites
- Children’s privacy
- THE PLATINUM FUNDED TRADER PROGRAMME
- YOUR FOREX
- DETERMINATION
- Why join the platinum trading team?
- Trading account, fully funded
- Fair profit share
- Exponential growth
- TESTIMONIALS
- The best funded trader program of 2021
- Best funded trader programs
- What makes a good funded trader program?
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- Funded trader program summary
- Best forex managed accounts 2021
- Activtrades
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- What is a forex managed accounts?
- How does a managed forex account work?
- Account types
- What should you look for in a managed forex...
- How to open a managed forex account?
- The 5%ers funding programs
- Choose your funded account model
- Compare brokers that accept credit cards
- We found 3 broker accounts (out of 147)...
- City index
- Admiral markets
- Online forex trading account funding: credit cards
- Featured forex broker that accept credit cards:...
- Credit cards accepted by most online brokers:
- Credit cards accepted by a minority of online...
- Credit card deposit/withdrawal fees
- Making deposits and withdrawals
- Broker debit cards
- Why choose IG for credit cards?
- A comparison of IG vs. City index vs. Admiral...
- Best forex brokers – top 10 brokers 2021 in the...
- Forex brokers in the united kingdom
- How to find the best forex broker
- Broker costs
- What is the rollover rate?
- Forex pairs traded
- Micro accounts
- Trading platforms
- Metatrader 4 or 5
- Tools & features
- Deposits and withdrawals
- Education
- Payment methods
- Customer feedback
- Regulation
- Security
- Demo accounts
- FX leverage
- Company history
- Bonus
- Broker costs
- Additional account details
- Scams
- Difference between A broker and A market maker?
- The bottom line
- Forex broker reviews
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