Bro reader, we will guide you on how to get a million dollars worth of funding within three months of trading that actually works using prop firm capital. This is the best way to get the million-dollar worth of capital without risking too much of your own money.
Here is a very detailed guide on how you can get one million dollars worth of trading funding with only $5,700 invested. In this method, you will be using prop firm money, buying multiple funding challenges to achieve the goal.
All the recommended prop firms are vetted to be the best in the industry by our team of researchers from company accounts, registrations, and reviews from actual traders. So, you can be sure they are legit, and you will get the real funds at the end of the challenge.
FTMO: $200,000 Funded Trading Challenge
Overview
FTMO is one of the most reputable prop trading firms, known for its rigorous evaluation process and generous funding options. The FTMO Challenge allows traders to access up to $200,000 in trading capital.
Cost and Structure
- Challenge Fee: $1,169.32 for a $200,000 account
- Evaluation: The challenge consists of two phases – the FTMO Challenge and the Verification phase. Traders must achieve a profit target while adhering to strict risk management rules.
Trustpilot Reviews
FTMO has received overwhelmingly positive reviews on Trustpilot, with a rating of 4.9 out of 5 stars. Traders appreciate the firm’s transparency, supportive customer service, and clear trading rules.
Pros and Cons
Pros:
- High funding potential
- Transparent evaluation process
- Excellent customer support
Cons:
- High entry fee
- Strict risk management requirements
Funded Trading Plus (FTP): $200,000 Funded Trading Challenge
Overview
Funded Trading Plus offers a competitive $200,000 funded trading challenge designed to provide traders with significant capital while ensuring they adhere to robust trading strategies.
Cost and Structure
- Challenge Fee: $1,097 for a $200,000 account
- Evaluation: Similar to FTMO, FTP’s challenge includes an evaluation phase that tests traders’ abilities to manage risk and achieve profit targets.
Trustpilot Reviews
FTP enjoys a solid reputation on Trustpilot, with a rating of 4.7 out of 5 stars. Users highlight the platform’s ease of use and supportive community.
Pros and Cons
Pros:
- Lower entry fee compared to FTMO
- User-friendly platform
- Active trader community
Cons:
- Evaluation criteria can be stringent
- Limited to certain trading instruments
Audacity Capital: $240,000 Funded Trading Challenge
Overview
Audacity Capital offers a unique approach with a higher initial funding amount of $240,000. Their challenge is designed for serious traders looking to scale their trading operations quickly.
Cost and Structure
- Challenge Fee: $1,559 for a $240,000 account
- Evaluation: Audacity Capital’s challenge focuses on consistency and risk management, requiring traders to prove their strategies over a series of trades.
Trustpilot Reviews
With a Trustpilot rating of 4.6 out of 5 stars, Audacity Capital is praised for its robust support system and flexible trading conditions.
Pros and Cons
Pros:
- Higher initial funding amount
- Comprehensive support system
- Flexible trading conditions
Cons:
- Higher entry fee
- Stringent evaluation process
The 5%ers: $100,000 Funded Trading Challenge
Overview
The 5%ers prop trading firm is known for its trader-friendly policies and accessible challenges. Their $100,000 funded trading challenge is a popular choice among aspiring traders.
Cost and Structure
- Challenge Fee: $495 for a $100,000 account
- Evaluation: The 5%ers’ challenge is designed to test a trader’s ability to generate consistent returns while maintaining low drawdowns.
Trustpilot Reviews
The 5%ers have a Trustpilot rating of 4.8 out of 5 stars, with users lauding the firm’s straightforward rules and supportive environment.
Pros and Cons
Pros:
- Affordable entry fee
- Transparent evaluation criteria
- Supportive trader community
Cons:
- Lower initial funding compared to others
- Evaluation process can be demanding
E8 Markets: $100,000 Funded Trading Challenge
Overview
E8 Markets provides a comprehensive funded trading challenge, offering $100,000 in trading capital upon successful completion.
Cost and Structure
- Challenge Fee: $650 for a $100,000 account
- Evaluation: E8 Markets’ challenge is designed to assess a trader’s ability to manage risk and achieve profitability over a specified period.
Trustpilot Reviews
E8 Markets has a Trustpilot rating of 4.5 out of 5 stars. Traders appreciate the platform’s robust features and supportive community.
Pros and Cons
Pros:
- Competitive pricing
- Comprehensive evaluation process
- Strong community support
Cons:
- Moderate initial funding amount
- Strict trading rules
MyFundedFX: $200,000 Funded Trading Challenge
Overview
MyFundedFX offers a competitive $200,000 funded trading challenge, designed to provide traders with significant capital and robust support.
Cost and Structure
- Challenge Fee: $725 for a $200,000 account
- Evaluation: The challenge involves an evaluation phase to test traders’ risk management skills and profitability.
Trustpilot Reviews
MyFundedFX has a Trustpilot rating of 4.6 out of 5 stars. Users commend the firm’s transparency and supportive customer service.
Pros and Cons
Pros:
- Competitive entry fee
- High funding potential
- Transparent evaluation process
Cons:
- Evaluation process can be rigorous
- Limited to certain trading instruments
Achieving $1 Million in Trading Funding
To achieve $1 million in trading funding, traders can strategically participate in multiple funded trading challenges. Here’s a step-by-step approach:
Step 1: Choose Your Challenges
Select challenges from reputable prop trading firms that offer the best balance of entry fees, evaluation criteria, and funding amounts. For example, starting with the lower-cost challenges like The 5%ers and MyFundedFX can be a strategic way to build your capital base.
Step 2: Complete the Evaluations
Successfully complete the evaluation phases of your chosen challenges. Focus on adhering to the risk management rules and achieving the profit targets. Consistency and discipline are key.
Step 3: Scale Up Your Funding
Once you have successfully passed the initial challenges and secured your first tranche of funding, reinvest some of your profits to take on additional challenges. For instance, you can use the funds from a successful FTMO challenge to cover the fees for an Audacity Capital challenge.
Step 4: Diversify Your Accounts
Diversify your funded accounts across multiple prop trading firms. This not only helps mitigate risk but also maximizes your funding potential. Aim to accumulate funding from different sources until you reach the $1 million mark.
Step 5: Maintain Consistency
Continue to trade consistently and adhere to the risk management guidelines set by each prop trading firm. Regularly review and adjust your strategies to ensure ongoing profitability and compliance with each firm’s rules.
Conclusion
Securing $1 million in trading funding is a challenging but achievable goal for disciplined and strategic traders. By leveraging the opportunities provided by prop trading firms like FTMO, Funded Trading Plus, Audacity Capital, The 5%ers, E8 Markets, and MyFundedFX, you can systematically build your trading capital. Each of these firms offers unique benefits and challenges, so it’s crucial to choose the ones that best align with your trading style and financial goals.
Remember, success in prop trading requires not only technical skills but also a strong mindset and disciplined approach to risk management. With the right strategies and perseverance, you can achieve significant trading capital and take your trading career to new heights.
