Best Forex Proprietary Trading Companies in Denmark

Top 5 prop trading accounts

Topstep - offers Danish traders up to 50% profit share

Topstep Review

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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• The first $5,000 in profits you make can be withdrawn in full, and 90% of profits exceeding that amount can be withdrawn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.

Fidelcrest - access up to 90% of the profit share

Fidelcrest Review

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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.

Earn2Trade - get up to 80% profit share

Earn2Trade Review

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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.

True Forex Funds - upto 80% profit share

Review

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The True Forex Funds proprietary (prop) trader provides its partners with funds for trading in the currency market. Balances are available in USD, EUR, or GBP, ranging from $10,000 to $200,000 or the equivalents in the other two currencies. Later on, the balance can be increased to $400,000. The challenge has 2 phases comprised of 8% and 5% profit targets.

After the completion of the challenge, no limits apply on strategies or the number of trading days. You only need to monitor the daily and overall drawdowns. The 80/20 profit split is in favor of the trader. True Forex Funds does not charge monthly fees. Only initial fees apply and they are fully reimbursed if you pass the challenge. The prop trading firm offers a typical referral program with payouts of 15% of the invited partners’ initial fees. The company’s operation is completely transparent. The payouts register is constantly updated. Clients can trade on МТ4, МТ5, or cTrader.

The 5%ers - provides up to 90% profit share for Danish traders

The5ers Review

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The 5%ers are known for their unique ways of handling forex funded accounts. These methods may be beneficial to traders who would like to try something different.

The 5%ers take a completely different path from the other apps on this list. Each funded trading account is a live, real-money funded trading account funded by The5%ers and tradeable by subscribers.

All forex majors such as EUR/USD, USD/CHF, and key cross-currency pairs such as AUD/CAD and GBP/JPY are tradable assets. Each trader must complete the Level 1 Program with a profit target ranging from 10% to 25%.

The Level 1 Program will be closed once the profit target has been archived by trading according to the guidelines. Profit will be distributed in accordance with the profit split, and a new trading account on the next higher financing level will be established with you as a Portfolio Manager Partner. The entry cost ranges from $275 to $875. The 5%ers offer a 50/50 split on profits.

Are international prop trading firms legit in Denmark?

International prop trading firms are not explicitly forbidden in Denmark. Forex and prop trading activities are generally subject to regulation and oversight by financial authorities. In Denmark, the Financial Supervisory Authority (Finanstilsynet) is responsible for regulating financial activities. International prop trading firms can operate in Denmark as long as they comply with Danish financial regulations and obtain any necessary licenses or approvals. Danish traders should exercise caution and due diligence when dealing with international prop trading firms, ensuring that they are properly regulated and adhere to the applicable legal and financial standards.

How to choose a prop trading account in Denmark?

By considering the factors outlined by TU experts below, you can make an informed decision when choosing a prop trading account in Denmark that aligns with your trading goals and preferences. Here are some tips on how to choose a prop trading account in Denmark:

• Regulation and licensing: Ensure that the prop trading firm is regulated by Danish financial authorities, such as the Financial Supervisory Authority (Finanstilsynet). This provides a level of security and ensures that the firm complies with local financial laws and regulations

• Account terms and conditions: Carefully read and understand the terms and conditions of the prop trading account. Pay attention to factors like profit-sharing arrangements, risk management rules, and any fees or commissions associated with the account

• Trading platform and tools: Evaluate the trading platform and tools offered by the prop trading firm. Ensure that they are user-friendly, reliable, and equipped with the necessary technical analysis and risk management features that suit your trading style

• Support and training: Assess the level of support and training provided by the prop trading firm. Some firms offer mentorship, educational resources, and regular feedback to help traders improve their skills. Choose a firm that aligns with your need for guidance and development

• Compliance and transparency: Ensure that the firm follows transparent and ethical practices. Be wary of firms that make unrealistic promises or operate with a lack of transparency

Do I pay trading taxes in Denmark?

Yes, traders in Denmark are subject to taxes on their trading activities. The tax treatment of trading income in Denmark can be complex and depends on various factors, including the length of time assets are held and the type of income generated. Traders can pay a capital gains tax rate of up to 27%. TU experts strongly advise seeking advice from a tax professional in order to successfully navigate this complicated landscape. They can provide personalized advice tailored to your specific trading circumstances and ensure compliance with Danish tax regulations.

How much can I earn in prop trading?

The potential earnings in prop trading can exhibit significant variation, and several factors come into play. Factors such as trading skills, risk tolerance, chosen trading strategy, the profit-sharing structure offered by the prop trading firm, and prevailing market conditions all contribute to determining earnings. In the United States, proprietary traders earn an average salary of approximately $100,000 per year, translating to an average hourly rate of around $48. However, it's important to note that these figures are based on the U.S. market and may not directly reflect the earnings potential in Denmark or other regions. Prop traders in Denmark should assess the specific terms of their prop trading agreement to gauge their potential earnings accurately.

Is prop trading in Denmark free?

No, prop trading in Denmark typically involves costs and is not free. While traders may have the opportunity to attract funds for trading, prop trading firms often impose subscription fees as part of their participation requirements. These fees can vary among firms, and the specific amounts may differ based on the account you want. It's essential for traders to thoroughly review the terms and conditions of the prop trading program they are considering to understand the subscription fees and any other associated costs.

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: