As we step into the new year, it’s time to spotlight the best five proprietary trading firms that made a significant impact in January 2022. These firms have distinguished themselves through their unique offerings, performance, and trader support.
FTMO: A Leader in Proprietary Trading
FTMO has been a formidable presence in the industry since 2015. Known for its robust community and success, they offer a two-stage evaluation challenge, catering to both normal and aggressive risk traders. With evaluation profit targets of 10% and 5% in stages 1 and 2 respectively for normal risk, and 20% and 10% for aggressive risk accounts, they also feature a scaling plan allowing traders to manage up to $2,000,000, with profit splits up to 90%.
My Forex Funds: Catering to a Diverse Trader Base
My Forex Funds present a range of programs including rapid, evaluation, and accelerated options. The rapid program is ideal for beginners, offering a three-month period to learn and earn. The evaluation challenge, with 8% and 5% profit targets in its two phases, and the accelerated program, cater to more seasoned traders, offering instant capital access. Use the code ‘forexpropreviews5’ for a 5% discount.
True Forex Funds: The Rising Newcomer
True Forex Funds, a newer player in the field, offers a two-step evaluation challenge. With profit targets of 8% in step-1 and 4% in step-2 and no minimum trading day requirement, they impose a 5% daily and 10% maximum loss limit. Successful traders are eligible for bi-weekly 80% profit splits. A 5% cashback option is available through their affiliate link.
E8 Funding: Offering Scalable Challenges
E8 Funding provides both a two-step evaluation challenge and an elevated account funding program, with the latter scaling up to $1,000,000. Their two-step challenge has profit targets of 8% and 5% in steps 1 and 2 respectively, with no minimum trading days and a focus on adhering to loss limits. Traders can avail a 10% discount using the code ‘REB8’.
Funded Trading Plus: Versatile Funding Programs
Funded Trading Plus offers single-phase, two-phase, instant funding, and talented trader programs, accommodating both manual and EA-assisted trading. Each program comes with its own set of rules and guidelines, and successful traders can earn profit splits starting at 80%, potentially increasing to 90% over time.
These top five proprietary trading firms of January 2022 offer diverse programs and opportunities, catering to traders with varying levels of experience and trading styles.
