Funded Forex Trading Accounts
A funded forex account is a program that provides traders with capital to trade forex without risking their own money. There are three main types of funded forex accounts:
Funding a forex trading account involves depositing money into the account to use as capital for trading.
Proprietary Trading Firms (PTFs)
PTFs are companies that manage large pools of money and hire traders to manage them. These firms often offer funded accounts to traders who can demonstrate a proven track record of profitability. The application process for PTFs is typically more rigorous than for other types of funded accounts, but the rewards can be greater.
Private investors are individuals or groups of individuals who invest their own money in forex traders. These investors often have a smaller pool of capital than PTFs, but they may be more willing to take on riskier traders. The application process for private investors is typically less rigorous than for PTFs, but the profit share may be lower.
Broker Funded Accounts
How to Get a Funded Forex Account
Benefits of Funded Forex Accounts
Challenges of Funded Forex Accounts
There are also a few challenges to consider when getting a funded forex account:
Cory has been a professional trader since 2005, and holds a Chartered Market Technician (CMT) designation. He has been widely published, writing for Technical Analysis of Stock & Commodities magazine, Investopedia, Forbes, Benzinga, and others.