The Best Forex Prop Firm in Belgium - Topstep
Best Forex Prop Firms in Belgium:
Topstep - The first $5,000 in profits you make can be withdrawn in full
Fidelcrest - offers the highest profit split (90%)
SurgeTrader - best prop firm for expert traders
FTMO - offers Forex prop traders an account with up to $400,000 after evaluation
Earn2Trade - provides three different funded trading programs for traders
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For professional traders who are no longer comfortable trading with small amounts but can't help it, a Forex prop firm in Belgium is what they need. Many seasoned traders cling to the possibility of becoming more successful in the Forex market by joining a prop firm.
Although some Forex trading firms recruit, train, and outfit traders with the financial capacity to trade in the Forex market, prop firms are not an option for novice or inexperienced traders. So if prop firms are what traders having financial crises should beckon upon, which are the best Forex prop firms in Belgium?
TU will examine a few of the top Forex proprietary trading companies. And this study's goal is to help seasoned traders find the best Forex prop firms to achieve their financial objectives. But before that, let's know if Forex prop trading is a good idea in Belgium. Read on to find out.
Considering how traders will benefit from the services of proprietary trading firms, prop trading is a good idea in Belgium.
Forex prop firms offer Dutch traders a unique opportunity for passive income. With a funded Forex account, traders can profit from their proficiency in Forex trading. Forex prop firms in Belgium recruit, train, and equip traders with the necessary capital to execute trades on behalf of the firm.
Furthermore, Proprietary trading firms and institutions use their own money, so clients do not have to worry about the capital to trade. However, if Forex prop firms in Belgium offer traders this opportunity, how do these prop firms make money?
Prop firms seek to make money while leveraging their enormous informational and technological resources and utilizing different trading strategies like arbitrage and technical analysis. As a result, trustworthy Forex prop companies profit from successful traders using funded Forex accounts to conduct their trading.
Accordingly, the prop firm receives money based on a certain split percentage when a trader is successful. As a result, most reputable Forex prop firms in Belgium provide sophisticated trading tools for a Forex prop trader to be profitable.
In a nutshell, a prop firm's revenue increases with the number of profitable traders it employs. And Forex prop traders also get a convincing amount after splitting profits with the prop firm.
Below are the advantages and disadvantages of enrolling with Forex prop firms in Belgium:
👍 Advantages of Forex prop firms in Belgium
• Prop firms offer distinctive funding opportunities and a convenient path to becoming a properly funded trader
• You can demonstrate your abilities and receive funding with risk-free accounts. There is no chance of losing more money, and in the unlikely event that you do, your broker will not expect payment from you
• Forex prop traders have access to sophisticated trading platforms, extensive data feeds, in-depth research reports, and cutting-edge analysis tools
• Losses are constrained to 5% (or so) of capital per day due to the defense mechanisms already in place, and prop firms provide ethical risk management guidelines for traders
• Prop trading firms are a great way to provide traders with access to fully funded trading accounts
• Top Forex proprietary trading companies give traders access to tier-1 liquidity
• Proprietary trading companies provide rebates, which are rewards for bringing more liquidity to the market
• Trading is entirely up to you, and you have complete control over how much of the weekly profit you want to keep
👎 Disadvantages Forex prop firms in Belgium
• Typically, traders in prop trading firms must abide by strict trading limits. Among them are restrictions on trade size and the maximum exposure to a single security or asset class
• When you first register, there is tough competition or evaluation, and you must pay a nonrefundable evaluation fee
• The company imposes strict trading rules, which some traders might find challenging to follow
• Some prop firms may have a low daily loss cap, preventing the trader from increasing their trading volume to allow for a larger loss
• Some prop firms will ask for as much as half of your profits
With its brand power and reputation as an industry innovator and one of Inc 5000’s fastest-growing companies, Topstep has earned the trust of many traders. To participate in the funded account program, all traders begin with the Trading Combine. You can open a real-time simulated futures account with $150K, $200K, or $300K buying power.
During the Trading Combine, you can earn a funded trading account if you demonstrate consistent profitability and manage risk appropriately. Using Topstep's capital, you can trade in real time without personal financial risk, with funds provided by Topstep.
As quickly as within eight trading days, traders can qualify to receive a funded account (the amount of funding provided is determined by the Trading Combine plan)
The first $5,000 in profits you make can be withdrawn in full, and 90% of profits exceeding that amount can be withdrawn
With Topstep, payout requests are processed on a daily basis (payout requests made prior to 10 a.m. CT are processed on the same day)
Topstep’s trader development services include instruction from professional traders, tools, and daily live videos, along with personalized analytics on performance and bonuses for traders
Trading platforms supported include TSTrader, TradingView, NinjaTrader, Sierra Chart, MultiCharts, R|Trader Pro, and many more.
For a $50k account, Topstep pricing starts at $165 per month. $100k accounts cost $325 per month, and $150k accounts cost $375. Free trials are also available for 14 days.
With more than 6,000 traders worldwide, Fidelcrest has a strong reputation. The company offers performance coaching, million dollar account sizes, and up to a 90% profit split. During a limited time, Fidelcrest is also offering three bonuses, including a second chance challenge, fast track qualification, and double assets.
With Fidelcrest, you can trade real capital, with the industry’s highest profit split. Fidelcrest will invest real money after your two phases of evaluation.
In terms of tradable assets, Fidelcrest also stands out. In addition to Forex, you can also trade, commodities, indices, and stocks.
Fidelcrest is one of the prop firms that pays you a commission during the evaluation process. You can receive up to 50% of your earnings after you pass the second evaluation stage. As a funded Findelcrest trader, you’ll make an additional 80-90%.
The number of account options Fidelcrest offers is unmatched by any other company. There is an account that will meet your needs regardless of your risk tolerance, trading strategy, level of experience, or budget. There are three types of accounts: Pro Accounts, Aggressive Accounts, and Micro Accounts. You can open an account with funding of $10,000, all the way up to an account worth $1 million.
SurgeTrader offers a 75% profit split to funded traders who meet their trading criteria. It's the perfect prop firm to diversify your investment portfolio with a variety of tradable assets. SurgeTrader has only one phase of evaluation, unlike many other prop firm trading entities that require traders to pass several levels of evaluation.
Traders can choose from six packages. With the Starter Package, you get $25,000 in instant funding and a 10% profit target. There’s a maximum trailing drawdown of 5% allowed. The Starter Package is ideal for beginners who want to avoid overly aggressive trading. With a $1 million funding size and a 75% profit split, the Master Package is the highest-tier account. A 10% profit target is set, along with a four-percent daily loss limit and a five-percent maximum trailing drawdown allowance. If you have a lot of confidence in your abilities, then this package may be for you.
This prop firm offers a wide variety of tradable securities, including crypto and gold, as well as popular stock indices. It’s possible to access leverage up to 1:10.
A top proprietary trading firm, SurgeTrader requires all of its clients to undergo evaluation. You need to pass only one phase of the SurgeTrader Audition process. It’s not necessary to earn over 10% of your account balance in order to pass the audition.
Audition fees range from $200 to $6,500 per account. There’s no limit to how many times you can take the audition. You can use credit/debit cards and PayPal to make payments and withdrawals.
FTMO is a trustworthy prop trading company with a focus on Forex trading. You must go through three steps before getting a funded trading account:
Before you can meet the profit goals, you have to complete the FTMO Challenge in 30 days
The 60-day Verification Phase follows, wherein you must demonstrate that you can replicate your FTMO Challenge success
After you complete the FTMO Challenge and the Verification two-step assessment process, FTMO extends an invitation to trade their funds on accounts with balances ranging from $10,000 to $400,000
The trader retains 80% of the profits. For accounts that have already been funded, however, an extra scaling plan lets traders increase the profit split in their favor for up to 90/10 with account levels as high as $2,000,000.
Trading is possible with 44 currency pairs and 10 of the biggest and most well-known cryptocurrencies. Some cash indices, stock CFDs, and commodities can also be traded. The fees on FTMO start at 155 euros and go up to 1080 euros.
Earn2Trade provides three distinct funded trading programs The Gauntlet Program, The Gauntlet Mini, and the newly introduced Trader Career Path.
For the Gauntlet Program, traders are required to make a one-time payment. They manage a virtual account of $25,000 for 60 days and must trade for a minimum of 30 calendar days, at least once every week. By following the program guidelines and achieving a 10% profit target, successful candidates receive a guaranteed funding offer from either Helios Trading Partners or Appius Trading.
Similar to the Gauntlet Program, the Gauntlet Mini and Topstep Futures/Forex programs require traders to pay a monthly fee. The fee includes access to trading classes, webinars, and Journalytix (TM). By adhering to the guidelines, traders become eligible for a funded trading account based on their performance.
The newest addition to Earn2Trade's offerings is the Trader Career Path. Traders start with a $25,000 virtual capital account and, upon passing the Evaluation, receive a funded account of $25,000. Traders can then progress in their trading careers and handle assets worth up to $200,000 without paying a monthly subscription fee.
Earn2Trade stands out with its extensive selection of trading platforms, offering close to 20 options. Popular choices include NinjaTrader, Finamark, R|Trader, and Overcharts, while additional platforms such as Agena Trader and MultiCharts are also supported.
Regarding pricing, the Trader Career Path program costs $150 per month with a starting capital of $25,000. The Gauntlet Mini program offers five account sizes, ranging from $25,000 to $150,000, with corresponding monthly fees. The conventional Gauntlet challenge requires a one-time fee of $343.2. Earn2Trade accounts do not offer free trials, but discounts of 20% to 40% are available. Traders receive 80% of the profits they make from the capital provided.
Yes, international prop trading firms are legit in Belgium. So if you’re interested in trading Forex using a Forex prop firm in Belgium, investors are free to engage the services of an international firm. Prop trading companies offer legitimate and legal services; you do not have to bother about them being registered in Belgium.
However, to become a Forex prop trader in Belgium, you must be an expert trader or prepare to pass through an immense Forex trading class. Interestingly, Belgian traders who choose an offshore prop firm can take advantage of low-risk investment opportunities with high-leverage accounts.
But ensure the Forex prop firm you select is a reputable financial authority. This is because numerous fictitious Forex proprietary trading companies employ deceptive strategies to extort money from investors.
International Forex prop firms in Belgium provide funded Forex accounts worth up to $200,000 for traders with a high-tech dashboard. And some will adhere to the well-known hedge fund rule of 80/20, which states that you get to keep 80% of the money while the broker gets 20%.
With the number of Forex prop firms in Belgium, it is normal for traders to be confused about which firms to select. But you are likely to discover the best Forex proprietary trading firms if you understand prop trading and how to find the best Forex prop firms in Belgium. The best decision ultimately depends on your personal preferences and trading style.
There are various factors to consider when deciding between several Forex prop trading firms in Belgium. And below are these key factors traders must consider when comparing Forex proprietary trading firms.
Check the Forex prop firm's reputation
It is crucial to assess the prop company to ensure its reliability. The services of a reputable Forex proprietary trading firm in Belgium are not questionable, and you should consider sites like TrustPilot for reviews. Trader review forums, groups, and YouTube videos are all fantastic resources for learning more about a prop firm
Check the restrictions and terms of the Forex prop firm
Since every trader has a unique trading style, it is critical to ascertain whether the prop firm has any terms or guidelines that could affect how you trade. Some are more appropriate for scalpers, while others are more appropriate for swing traders
How long the prop firm has been in business and trading platforms
You need a trader that will not become unavailable within the first twelve months of your membership. This is because it might take you longer to make more money. So it is a good financial practice for traders to collaborate with Forex prop firms open to a long-term alliance. Also, you want to know the reliability of the trading platforms available at the Forex proprietary trading firm
The prop firm profit split and share ratio and drawdown limits
Find out about the broker split percentage and how it differs between brokers. Given the work involved in trading with a funded account, the 50% profit cut some Forex prop firms offer may be poor. However, you can look for Forex prop companies in Belgium that offer a 70% or even 80% profit share
Available markets, leverage, and customer support
Additionally, it is critical to understand the markets accessible through the broker's trading platform, the leverage restrictions, and the responsiveness of the customer support
Yes, even though Belgian traders are not permitted to engage in most Forex trading activities domestically. Countries under the European Union pay tax on profits accumulated from trading currency pairs, and Belgium is not exempt. But as of the time of writing, there is no concrete information regarding how taxes or rates affect successful Forex traders who use an offshore brokerage.
But traders must understand that Belgian tax law may allow for the taxation of Forex trading profits at the same rate as "income tax”. It is best to speak with a qualified tax advisor if you would like to learn more about the Belgian taxation of Forex trading.
Profits made from trading Forex, options, futures, and other assets are a prop trader's source of income. Additionally, the sum you earn depends on the Forex prop firm you choose and its profit-sharing percentage, which may range from 75 to 90 percent. According to Zippia data, a Forex prop trader in the United States can make between $70,000 and $100,000 annually. And this is with an hourly wage typically between $30 and $48. However, given the numerous variables that can affect a Forex prop trader's earnings, this is not a guarantee for traders in Belgium. The following are some essential variables that affect how much a trader can earn as a Forex prop trader:
Geography
Experience as a Forex prop trader or financial education background; Forex prop traders with advanced degrees or certifications in finance, economics, or related fields may have an advantage
Size or capital resources of the prop firm; high cap Forex prop firms have the financial wherewithal to provide an enormously funded account that offers more benefits, attracts, and keeps top talent
Strategies for reducing risk
Note:
Prop traders might have access to larger trading capital and more lucrative opportunities as they gain experience and hone their trading strategies. So a trader's income is based on their trading abilities, trading strategies, commissions, negotiations, trade volume, and profitability.
No, participation in prop trading programs typically incurs inevitable fees. So while an experienced trader can make money trading for a Forex prop firm in Belgium, a subscription fee (from $100 to $250) during your enrollment is applicable. This means that prop trading in Belgium is not systematically free.
Here are a few examples of prop trading firms and their associated fees:
SurgeTrader - SurgeTrader mandates a $250 minimum fee for account opening, specifically for a $25,000 account audition
Topstep - Topstep provides prop trading programs with monthly subscription fees beginning at $165
Fidelcrest - This company offers traders access to its platform through its prop trading programs, which start at €649
The 5%ers - This prop company charges a €235 enrollment fee
Note:
A Forex proprietary trading firm's fees could alter based on the size of the account, program features, and extra services provided. So Belgian traders should carefully review the pricing policies and terms of each prop trading company they are considering.
Yes. And the list of the top prop trading companies includes Topstep, Fidelcrest, SurgeTrader, FTMO, and Earn2Trade.
FTMO is a top Forex prop firm, but Fidelcrest and TopStep make up the list of the best firms in the industry.
Yes, Forex prop firms are worth it. They offer traders the chance to profit from their familiarity with trading currency pairs.
To join a prop trading company, you must possess a bachelor's degree in finance, business, or mathematics. If you have never traded with a prop firm, do at least one internship with a company before applying for an entry-level position as a proprietary trader.
Traders Union applies a rigorous methodology to evaluate prop companies using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
Trader Testimonials and Reviews. Collecting and analyzing feedback from existing and past traders to understand their experiences with the firm.
Trading instruments. Companies are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Challenges and Evaluation Process. Analyzing the firm's challenge system, account types, evaluation criteria, and the process for granting funding.
Profit Split. Reviewing the profit split structure and terms, scaling plans, and how the firm handles profit distributions.
Trading Conditions. Examining leverage, execution speeds, commissions, and other trading costs associated with the firm.
Platform and Technology. Assessing the firm's proprietary trading platform or third-party platforms it supports, including ease of use, functionality, and stability.
Education and Support. Quality and availability of training materials, webinars, and one-on-one coaching.
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
