Best Forex Proprietary Trading Companies In Argentina

Is forex prop trading a good idea in Argentina?

Sure, it is. Forex prop trading in Argentina is a good idea because the country's forex trading activities are well-regulated. Before you consider getting into prop trading, you should think about the benefits and drawbacks. TU experts have highlighted some for you below:

Top 5 prop trading accounts in Argentina

Fidelcrest

Fidelcrest Review

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Fidelcrest is a proprietary trading company created by professional Forex market participants with more than 10 years of experience working for companies providing brokerage services. It was registered in 2018 in Cyprus but cooperates with traders from all over the world, including those residing in the USA. Fidelcrest offers Pro and Micro accounts for the MT4 terminal for trading currency pairs and CFDs on stocks, indices, metals, and commodity market assets. After passing the assessment and fulfilling the trading requirements, the trader gets the opportunity to trade using Fidelcrest funds. The minimum amount of funding is $10,000, and the maximum is $2 million.

Fidelcrest accepts payments from cards, electronic wallets, bank accounts, and cryptocurrency. The client pays the subscription fee in euros but receives US dollars at their disposal. Initially, the currency is in virtual form, and after passing the assessment and verification, it is converted into real funds. Trades are executed via FXCH Forex broker, which offers an MT4 terminal and leverage of up to 1:100. Unprocessed spreads start from 0 pips, and fees start from $0. There are four types of trading accounts available.

Traders who have become Fidelcrest clients get access to trading currency pairs, cryptocurrencies, as well as stocks, indices, commodities, and metals in CFD format. Trading is performed through an FXCH (FX Clearing House) partner, which is a broker serving institutional clients who have deposited $500,000 or more. Thanks to Fidelcrest, ordinary retail traders have the opportunity to become professional capital managers and trade under the most favourable conditions. Unfortunately, there is no option to choose another broker. When choosing an Aggressive mode, swing trading is allowed.

SurgeTrader

SurgeTrader Review

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SurgeTrader is a prop company that offers traders capital from USD 25,000 to manage after passing the exam. It is a multinational company headquartered in Florida (USA). Financing is provided by the venture fund Valo Holdings.

The prop trading model of SurgeTrader works as follows:

• The trader pays for testing. The fee was introduced to eliminate beginners and traders without experience who are not ready for long-term cooperation. The amount depends on the chosen tariff plan. Tariff packages differ in the requirements for the target profit transferred to the management of the deposit.

• Within a few minutes after the payment, the trader gets access to the account on the EightCap broker platform. The task is to earn money following the trading rules.

• After passing the test mode, the trader gets access to a funded account. Its conditions are fully consistent with the conditions of the test mode. If a trader has paid for the exam package with access to USD 50K, in case of successful completion of the exam, he will receive a funded invoice for USD 50K.

There is a demo account for testing the trading platform. On it, you can go through test trading before paying for the exam. The trader's profit is 75% of the money earned. In case of major violations, the trader's account is disqualified, after which it is offered to pay for the exam with a 20% discount and take it again.

FTMO

FTMO Review

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FTMO is a managing prop firm operating on the principle of a prop company. To receive money under management, a potential trader must successfully complete a two-stage active trading test. At each stage, requirements are set for the maximum allowable daily loss, total loss, and target profit level. The prop firm’s conditions are relatively loyal, but still, they can be difficult to successfully navigate. Regardless of the chosen testing package, the limits are 10% of the total loss. For comparison: other prop companies have allowable drawdowns of 15-20%. Despite the strict requirements for the test period, FTMO has a relatively low test cost beginning at €155. By comparison, in most companies in this sector, the entrance fee for passing the test is from €400-500. Another advantage is the availability of standard MT4/MT5 platforms. Most other prop companies have their own or adapted platforms, while FTMO has standard platforms. This allows you to work with any custom indicators and advisors previously honed in the MetaTrader tester. My impression of FTMO remains positive. But after studying the conditions, it is clear that without trading experience, it makes no sense to try your hand at the test. Testing conditions are favourable for those who have worked previously with a demo account and are good at risk management. However, you can also gain experience on the company’s platform itself. There is a free version of the test that fully corresponds to the paid test.

Earn2Trade

Earn2Trade Review

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Your capital is at risk.

The Earn2Trade educational company was established in 2017 and is headquartered in Wyoming, USA. It offers retail traders learning courses to become professionals, as well as virtual accounts to trade futures. The best students who trade successfully under set parameters are given access to capital of proprietary trading companies in amounts from $25,000 to $200,000. Earn2Trade has three rate plans with subscriber fees from $90 to $429.

To get funded by the Earn2Trade prop company, traders need to pass the Gauntlet™ trading evaluation program, which assesses their trading skills and risk management. Upon successful completion, they can qualify for a funded trading account with up to $500,000 in buying power. Everyone wants to earn profit through trading activities. But with missing experience, skills and stock market knowledge, it’s tough to maintain consistent profits or succeed in the market. Moreover, novice traders lack risk-taking capability due to their own funds invested in the trades.

Overcoming all the limitations, a funded trading account is the best solution for all novice and experienced traders to upskill their knowledge and experience. A funded trading account allows traders to trade in the real market without risking their capital. Earn2Trade is an online trading education and mentorship portal that offers a comprehensive curriculum covering trading techniques, strategies, live trading simulations, and personalised mentorship from experienced traders. Moreover, the portal also allows traders to trade with a funded account, allowing them to demonstrate their knowledge in real-market scenarios.

The5ers

The5ers Review

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Your capital is at risk.

The5ers is a prop trading company. “Prop” is short for “proprietary”, and a prop shop is a trading firm that deploys its own capital toward traders’ pursuit of trading profits. The5ers was registered in Israel in 2016 and has several representative offices globally, the largest of which is located in the United Kingdom. It uses the MT5 trading platform, which allows for the trading of currencies, stocks, precious metals, and indexes. Registration is paid, and the price starts at $235 ($85 of which is for the education program). Platform fees are below the market average. Its distinguishing feature is that it provides funding to traders by making free deposits into their accounts ranging from $6,000 to $4 million. This money cannot be withdrawn, but it is possible to withdraw profits from their use in the proportion of 50/50 (that is, half of the profit goes to the company). The leverage is up to 1:30. The5ers describes itself not as a broker, but as a platform for active trading with funding opportunities.

The5ers is a leading prop company that allows traders to start trading with hugely funded capital against an initial minimum deposit. All you need to do is visit the website and select one of the options from the provided funded training programs, make the initial deposit for the program and start trading.

Two options exist for a funded training program on The5%ers:

• Get funded in 60 days with a Risk Manager Program with 1:10 leverage.

• Get funded in 180 days with an Aggressive Trader Program with 1:30 leverage.

Furthermore, there are three types of funded account programs, at €235 with $6000 instant funding, €385 with $10,000 instant funding and €745 with $20,000 instant funding.

Are international prop trading firms legit in Argentina?

International prop trading companies are real businesses that operate legally. Even though they are not officially registered in Argentina, they still let locals use their funded accounts.

How to choose a prop trading account in Argentina?

If you are thinking about starting prop firm trading in Argentina for the first time, here are some tips you should consider when choosing a prop trading account:

• 1

  Ensure the prop trading firm is regulated by reputable financial authorities. Regulation provides a level of security and oversight. Check for reviews and testimonials to gauge the credibility and reliability of the firm.

• 2

  Consider the initial funding requirements and the leverage offered by the prop trading account. Different firms may have varying minimum deposit amounts and leverage ratios. Choose an account that aligns with your risk tolerance and financial capacity.

• 3

  Understand the profit-sharing structure and any associated fees. Some prop trading firms take a percentage of your profits, while others may charge fixed fees. Be clear on how profits are distributed and whether there are any hidden costs.

• 4

  Evaluate the risk management policies of the prop trading firm. A reputable firm should have clear risk management guidelines, including measures to protect traders from significant losses. Ensure you understand these policies before getting started.

• 5

  Assess the trading platform and tools provided by the prop trading account. A user-friendly and feature-rich platform can significantly impact your trading experience. Look for platforms that offer real-time data, advanced charting, and efficient order execution.

• 6

  Choose a prop trading firm that provides educational resources and support for beginners. This can include training materials, webinars, or mentorship programs. A supportive learning environment can enhance your trading skills and confidence.

• 7

  Confirm whether the prop trading firm accepts traders from Argentina and is compliant with local regulations. Be aware of any restrictions or limitations imposed by the firm on traders from specific regions. Choosing a globally accepted and inclusive firm is essential.