The Best Funded Trader Program of 2020
Funded accounts offer the best of both worlds.
You have the potential to make a ton of money doing something you love, while at the same time not risking any of your own capital.
I mean, what else could you ask for?
See, most trading providers offer education, webinars or chat rooms to help you get started.
That’s all well and good, but you’re left on an island when you need help the most.
With a funded account, because the service is risking its own capital, you receive guidance and mentorship every step of the way.
Providers ensure you have the skills and confidence needed before ushering you into the arena.
As well, when trading with prop firms, you have access to institutional-grade software used by top traders on Wall Street.
If this sounds like what you’re looking for, we’ve got you covered. We have the 7 best funded trader programs on the market today.
Transparency: When you buy certain products from some of the sites which we link to, we may earn a small share of the revenue
7 Best Funded Trader Programs
As an industry leader, TopstepTrader has the brand-power and reputation that many 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 graduate if:
- 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 risk.
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.
We recommend starting with the free trial TopstepTrader provides. For a detailed look at the entire service, check out our complete TopstepTrader review.
► TopstepTrader 20% Discount (Automatic discount at the checkout - ignore the popups on their site, my automatic discount is higher)
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 positons have leverage ratios as high as 100:1. With that, the team only needs $5,000 in cash for an initial setup.
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 always can trade risk-free without worrying about reprisal.
Keep in mind though, you do need to prove your skills. However, 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.
We recommend starting with the free trial TopstepFX provides. For a top-to-bottom rundown of all the service has to offer, see our TopstepFX review.
See Also: TopstepFX 20% Discount
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%, and you find all details in the comprehensive Earn2Trade review.
See Also: Earn2Trade 25% Discount
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.
And best of all – there is absolutely zero risk.
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
We recommend starting with the free trial OneUpTrader provides. Also, our OneUp Trader Review covers every detail about the funded accounts and so much more.
Let's get it straight, the list of the best funded trader programs already ends after the top 4. 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 $6,700, and even up to more than $15,000!
So if you consider aiming for a funded trader account, then you have only a few options and for two of them I can offer you a discount:
- 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)
Anyway, to complete the list, I included the other vendors as well:
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 offer 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.
However, compared to some of the competitors, the pricing tag is too high.
For more information on what they have to offer, see our Maverick Trading review.
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
A powerful combination, both provide all of the necessary skills to become a successful day trader.
While working with their trading coach, you practice in a one-on-one setting. You receive detailed lessons and mentorship to help you avoid the mistakes of less experienced traders.
Providing access to leading indicators and stock scanning software may help you plan the best times to enter or exit a position.
They offer also 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 is just too expensive. Remember, for that money you could use TopstepTrader's trading combine about 150 times!
So, in my opinion Try Day Trading is not worth the price. Why? Check out our detailed Try Day Trading review covers all of the bells and whistles of the plan.
Now when it comes to the European area trading CFDs, then Tradenet sets the bar. But not only in a positive sense.
With four options to choose from, you can decide which Tradenet funded trader program is right for you.
- Intro Program
- Student Program
- Expert Program
- Pro Program
With the Intro Program, it costs $500 and you’re eligible for a $14,000 funded account. Here, you keep 70% of all winnings as long as you stay within a maximum drawdown (loss) of $700.
The Student Program costs $3,000 and you’re eligible for an $80,000 funded account. You keep 75% of your winnings with a maximum drawdown of $4000.
The Expert Program costs $6,000 and you’re eligible for a $160,000 funded account. You keep 80% of your winnings with a maximum drawdown of $8,000.
The Professional Program costs $9,000 and you’re eligible for a $240,000 funded account. Here, you keep 85% of your winnings with a maximum drawdown of $12,000.
A lot to digest, huh?
The interesting thing about Tradenet is they provide options for traders of all skill and income levels.
More importantly, they have a good reputation in Europe and a team of well-established traders. Led by well-known day trader Meir Barak, the site states that it has educated over 30,000 students worldwide on how to become better traders.
One positive thing: 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.
However, a money back guarantee is not at least as good as a free trial and the costs are too 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.
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. All seven providers offer exceptional service and can be 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 though, 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, Earn2Trade, and OneUp-Trader.
I am a bit undecided about Tradenet, Maverick Trading and Try Day Trading. The reason is that you have to pay between 2,000 and $16,000 to join their programs.
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 OneUpTrader are the best choices. If you need 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.
Now it is up to you.
About the Author
Alexander is an investor, trader, and founder of daytradingz.com. After devoting many years to educating himself on powerful day trading techniques and effective investment styles, he started trading and investing more actively. In the past 20 years, he has executed thousands of trades. In 2015, he began writing articles about trading, investing, and personal finance. He is very passionate about sharing his knowledge and strives for success in himself and others. Alexander has been featured on Benzinga, Rockstar Finance, and ESI Money.