What is Prop Firms?

Proprietary trading firms, which provide traders with access to significant funds for trading, are gaining appeal among both newcomer and experienced traders. There is increasing discussion of a prop trading surge. It offers a high-capital trading account where you can keep maximum chunks of profits. However, knowing the nature of prop trading and whether it is appropriate for each individual is critical.

Steps to get funded account
  1. Pays a nominal Fees
  2. Undergoes two-step challenge or instant funding in some cases
  3. Pass the challenge
  4. Reward with a funded trading account.
  5. Begins trading real money and audition fees are mostly refunded with the first withdrawal profitable, you keep 80% of the entire profit
How To Get a Funded Trading Account and Start Trading

Obtaining a funded trading account and beginning trading need numerous procedures. The following is general guidance on how you might pursue this path.

1) Educate Yourself and Choose a Trading Style:
It is critical to have a thorough understanding of financial markets, trading methods, and risk management. As the educational basis is established, potential traders must decide on their favourite trading style—whether it is the fast-paced world of day trading, the opportunistic nature of swing trading, or the patient approach to long-term investing. Continuous learning is critical to ensure traders remain flexible and well-informed in the ever-changing landscape of financial markets.

2) Choose the right Proprietary Trading Firms:
Explore various proprietary trading firms that provide funded trading accounts. Examine their challenge terms & conditions, and price structures to determine if they are a good fit for your trading goals. Once identified, choose a reputable firm and purchase the challenge.

3) Undergo Evaluation/Challenge:
To get a real funded account, you may need to undergo an evaluation or challenge phase. This often involves trading a simulated account or meeting specific performance targets to demonstrate your capability to generate profits while maintaining responsible drawdown levels. Generally, it is a two-step challenge. Now most prop trading firms have no time limits which means no restrictions on how long a trader can trade during their challenge process.

4) Receive Funded Trading Account:
Upon successful clearing challenge, you will receive a funded trading account, making you a part of their ecosystem as a prop trader. Trade responsibly by implementing effective risk management strategies

5) Continue Learning, Adapt and Improve:
Trading is like an ongoing adventure where learning never stops. Imagine it as a journey where you always want to know what’s happening in the marke —like the latest trends and news. It’s like sharpening your tools; you keep making your trading strategies better and better. The market can be a bit like a game that changes its rules, so it’s important to be flexible. Think of it like upgrading your skills in any game; you’re always getting better.

And here’s a cool part: if you’re working under our mentorship we will constantly give you feedback to help you become an even better trader because we as a team also successfully managing accounts of these prop firms and constantly withdrawing our share of the profit.

Types of challenges in prop firm
  1. Instant funding
  2. one step challenges
  3. Two steps challenges

1. Instant Funding – Not many prop firms provide instant funding but some prop firms do provide instant funding, it is not the most famous way to get funding through prop firms reason being first of all, you have to pay good amount of fees for instant funding for ex. For 100k $ account you have to pay 2500 $ also your profit split is around 50 to 60% of overall profit  although this one of the quickest way to get funded through prop firms ,it is  suitable for  experienced traders who have full confidence on their trading skills.

2. One step challenge – This the second most famous type of challenge, those who don’t want to go Rigorous process of two step challenge However there is a catch in one step challenge as overall drawdown become very less and target become almost double the drawdown limit, for ex. Overall drawdown limit is 6 % of the account and target to be achieved in one step challenge is 10 %, it does vary from company to company.

3.  Two step challenge – Most famous and Traders choice is two step challenge in two step challenge as the name suggest there are two stages of challenge, in first stage usually the overall all drawdown is 10 % & daily drawdown limit is 5 % and overall target is also 10 % in some cases is 8% target as well, in second stage overall drawdown and daily drawdown limit will remain same however target reduce to 5% only this makes second stage much easier as compare to first stage.

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1 pip = 10 points (pipettes)

For example : 200 pips = 2000 points

pip is used to calculate 4 digit decimal value in currency pairs. Example : 1.1234

points (or) pipettes is used to calculate 5 digit decimal value in currency pairs. Example : 1.12345

Depends on market conditions :

SL ranges from 10 to 100 pips (100 to 1000 points or pipettes)

TP ranges from 30 to 600 pips (300 to 6000 points or pipettes)