Best Forex Proprietary Trading Companies in Belgium
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If you're too busy to read the entire article and want a quick answer, the best Forex prop firm in Belgium is Hola Prime. Why? Here are its key advantages:
- Is legit in your country (Identified as United States
) - Has a good user satisfaction score
- Favorable profit sharing
- High-quality training programs
Best Forex Prop Firms in Belgium:
Topstep - The first $5,000 in profits you make can be withdrawn in full
FundedNext - beginner-friendly offers
Traddoo - loyal trading conditions
FTMO - offers Forex prop traders an account with up to $400,000 after evaluation
Earn2Trade - provides three different funded trading programs for traders
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.
Is Forex prop trading a good idea in Belgium?
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
- Disadvantages 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
- 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
Best Forex prop trading firms in Belgium
Topstep - best trading platform
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.
FundedNext
FundedNext offers skilled traders an opportunity to showcase their expertise and potentially manage a substantial trading account. Through a structured challenge system, successful participants can start trading with up to $200,000 in capital and retain up to 95% of the profits generated.
The firm provides three distinct challenge types: Evaluation, Express, and Stellar (+Stellar Lite), each tailored to accommodate various trading styles and preferences. These challenges are designed to identify and nurture trading talent, offering different profit targets, time constraints, and profit split arrangements. Traders can increase their profit split by participating in the scale-up program and opting for exclusive add-on features. The cost of the most affordable 5k account at Stellar Lite Challenge is only $32 and the fee is refundable.
FundedNext distinguishes itself by offering a range of features to support and incentivize traders, including a 15% profit share from challenge phase profits, no time limits on the challenge phase, and a unique approach to drawdown calculation based on account balance.
The firm supports multiple trading platforms, such as MetaTrader 4, MetaTrader 5, and cTrader, while providing advanced tools, expert advisors, and robust security measures.
Traddoo - loyal trading conditions
Traddoo offers traders two challenge pathways to qualify for funded account access: the 1-Step Challenge and the 2-Step Challenge.
The 1-Step Challenge provides a streamlined option for traders confident in their ability to be consistently profitable while managing risk. Traders must meet a single objective benchmark to receive funding.
Alternatively, the 2-Step Challenge features a two-phase structure. In Phase 1, traders aim to achieve a 10% profit target while observing strict risk controls like a maximum 5% daily loss and 10% overall drawdown. Successfully completing Phase 1 leads to Phase 2, where traders must gain an 8% profit under the same risk parameters.
Additionally, Traddoo allows traders to scale their account size through demonstrated performance over time. Consistently achieving a 10% profit across 3 months rewards traders with a 50% increased account balance.
To assist traders, Traddoo supplies educational resources, trading tools, and a supportive community. Webinars, courses, and one-on-one coaching help traders sharpen their skills and bolster their chances of funding qualification.
FTMO - account with up to $400,000 after evaluation
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 - three different funded trading programs
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.
How to choose a prop trading account in Belgium?
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 firmCheck 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 tradersHow 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 firmThe 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 shareAvailable 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
Rules and Regulation
- Regulation
The Belgian regulator doesn’t issue licenses for activities not involving trust management or other financial issues. Since prop firms don’t provide for trading on the real market using real funds, they don’t require licenses regardless of their country of registration. Upon successful completion of the challenge, traders continue working through a partner broker that requires licensing.
- Investor protection
The main regulators of the country are NBB (the National Bank of Belgium) and FSMA (the Financial Services and Markets Authority). In case of any disputable situations, apply to these authorities first. Also, file your complaints with regulators of the country of registration of a prop firm or broker. Most often, complaints are filed through the claim form on the regulator’s website.
- Taxation
The tax amount depends on the category of trading income — trading CFDs or real assets, trading cryptocurrencies or other instruments. The tax rate can range from 20% to 60%. Income from investments in digital assets can be taxed at 33%. Since the tax law can change, consult your tax advisor for relevant information.
How much can I earn from prop 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.
Is prop trading in Belgium free?
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:
Topstep - Topstep provides prop trading programs with monthly subscription fees beginning at $165
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.
Methodology for compiling our ratings of prop firms
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.
FAQs
Is there a list of prop trading firms?
Yes. And the list of the top prop trading companies includes Topstep, FTMO, and Earn2Trade.
Which prop firm is the best?
FTMO is a top Forex prop firm, but FundedNext and TopStep make up the list of the best firms in the industry.
Are Forex prop firms worth it?
Yes, Forex prop firms are worth it. They offer traders the chance to profit from their familiarity with trading currency pairs.
How do I join a prop trading firm?
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.
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Team that worked on the article
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).
