How Much Do Funded Traders Make in 2024?

How much do Forex traders make a day?

As a funded Forex trader, your income level will not be fixed. Earnings through Forex trading are dependent on a lot of factors. These factors include the amount you are depositing, leverage, use of currency instruments, the functionality of the platform that you are using for trading, the strategy you are using for trading, and your diversification of risk. Since Forex is a global currency exchange market, it is highly influenced by ongoing trends worldwide.

The daily earnings of a funded trader programs can also vary from person to person. An individual might have a greater win rate on the number of trades they make in a day than another individual, thus, impacting the per-day earnings. To maximize profits, there should be more wins than losses. Furthermore, if an individual takes higher leverage, they will be able to earn higher yields, but at the same time, their risk of losses will be higher too.

Similarly, if the wins per day are less than the losses, you will not be able to earn your profit for the day. If the trading capital is higher, then profits will automatically be higher too, but it can also go in the opposite direction. Moreover, a good trading strategy and multiple opportunities to implement that trading strategy also increase the per-day earnings of a funded Forex trader. Also, you should have not one but several trading strategies to maximize your earnings.

A trader whose win rate, risk/reward ratio, and strategy are decent can earn a return of 5% to 15% in a month; this is possible because of the leverage. If a trader is using a more aggressive strategy and using more power, then they might be able to earn a return of 20% in a month.

As a beginner, ensure you are not investing more than $500 to $1,000, as you are in your learning phase and require some expertise to invest more to earn more profits.

Can I lose money as a funded trader?

Forex trading requires low capital and provides an easy means of earning profits. Therefore, it attracts numerous traders. But it should be kept in mind that funded Forex traders can also lose money in the Forex market. A funded trader can lose money if they do not choose the proper strategy or do not implement the strategy efficiently. It can also happen if a trader does not understand correctly the available information or market conditions. It is up to the company to determine the maximum amount of capital that can be drawn down. In most cases, if you lose more than the allowed rate, your contract will close your relationship with the company.

It is a common misconception that the more Forex training courses you take, the more you can earn profits, but it is not entirely true. Those training programs are helpful but do not guarantee success. Instead, it is your experience in the Forex market through which you can earn profits. Similarly, education about finances or economics theory is essential but does not guarantee profits. It is only through practice that you can maximize your profits.

A beginner-funded Forex trader needs to know that the danger increases with the amount of profit and time allotted for its receipt. It would help if you fully understood that Forex trading gradually increases profits initially and over time. There is no such thing as earning profits quickly when it comes to trading in the Forex market.

Another mistake traders commonly make is spending days watching news channels to help them develop the best strategy for trading. Still, instead, it results in mental exhaustion and an ineffective strategy.

In conclusion, some of the things that can lead to a loss are choosing the wrong broker, using the wrong trading strategy, making risky bets when you don't have enough experience, bidding based on instinct instead of theory, not diversifying risk, and not taking foreign economic factors into account.

Best funded trader accounts

1

9.4/10

Go to broker

Your capital is at risk.

Minimum deposit:

$1

Review

Topstep is an international proprietary trading company registered in the USA. The company has been providing financial services since 2012 and offers exclusive trading terms for clients from different countries. Topstep provides financing of real trading accounts of its clients if they prove the skill to make trades and manage risks on a simulation account. Traders can trade CME Group futures. Trading on real accounts is carried out through the ECN broker Equiti Capital.

Pros/Cons

•Real trading accounts are financed by a broker, there is no need to invest your funds in trading.

•The company provides a wide range of free training materials, including free group coaching.

•You can contact the support team using several convenient methods.

•The broker offers a referral program for extra income.

•The company doesn’t offer bonuses, automated trading, or other passive income options.

•The support service works only on weekdays during set hours.

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2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

€155

Review

FTMO is an international proprietary trading company created in the Czech Republic in 2014. The platform brings traders into its fold and after traders successfully pass a two-step testing regime, FTMO transfers 400 thousand dollars to the trader’s account. Transactions are monitored by FTMO to grow the deposit. There is a payment of 80% at the first stage of real trading. The 90% Profit Split is available only to those FTMO Traders that have reached Scaling Plan. The company works in full accordance with European financial legislation and is under the local regulator.

Pros/Cons

•Quite low testing cost is €155.

•Classic platforms such as MT4, MT5, and Ctrader are familiar to many traders. For these platforms, hundreds of indicators, scripts, and advisers have been developed.

•The starting reward is 80%.

•Diversification of tariff plans. Candidates can choose a demo deposit from 10 thousand to 200 thousand US dollars. There are tariff plans that span from standard to aggressive trading.

•Leverage is up to 1:100.

•Strict requirements for the test period. The allowable maximum loss is 10% of the deposit amount. The target profit is 10%, for which 1 month is provided.

•There is no information about how the company is funded.

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3

9.1/10

Go to broker

Your capital is at risk.

Minimum deposit:

$119

Review

Funded Trading Plus clients trade CFDs on currency pairs, indices, precious metals, energies, and cryptocurrencies. There are 18 programs with one- and two-phase challenges, or without evaluation. These programs also differ in initial fees, profit targets, maximum total drawdown, and other criteria. Traders can receive from $5,000 to $200,000 under management upon successfully passing the challenge or immediately if they choose the program without evaluation. Scaling up to $2,500,000 is available. The profit split is 80%/20% at the start and 90%/10% or even 100%/0% later. Traders work on MetaTrader 4 and MetaTrader 5. Leverage is up to 1:30.

Pros/Cons

•Wide choice of programs with universal parameters and acceptable requirements;

•One-time initial fee, refundable for programs with one- and two-phase challenges. No monthly subscription;

•Simple and understandable conditions, no hidden obligations, and profitable trading split;

•The prop firm partners with Eightcap and ThinkMarkets. It offers spreads from 0 pips and low trading fees;

•A demo account with $100,000 in virtual funds is available for exploring the trading process and instruments;

•24/7 technical support is provided via four communication channels;

•Deposits and withdrawals are made with Visa, Mastercard, bank transfers, and crypto wallets without fees.

•The Master program without evaluation is very expensive — a non-refundable initial fee of $4,500 is required for the balance of $100,000;

•Funded Trading Plus offers only CFDs without real assets or futures;

•The firm’s website contains much information, but some important nuances, like the reset fee, are not provided.

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