Best Funded Trader Programs in India
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If you're too busy to read the entire article and want a quick answer, the best Best Funded Trader Programs in India is Hola Prime. Why? Here are its key advantages:
- Is legit in your country (Identified as United States
) - Has a good user satisfaction score
- Extensive resources and support for traders
- Reliable risk management tools to protect traders
Best Funded Trader Programs in India:
- FundedNext - Beginners-friendly offers (free trial, trade copier software is allowed)
- SabioTrade - Best for those who want to work as non-staff traders with up to 90% of profit
- Instant Funding - Prop firm offering instant funding with account sizes up to $80,000
- GoatFundedTrader - A proprietary trading firm registered in Saint Lucia and Hong Kong, offering simulated capital of up to $400,000 for Forex and CFD trading.
- The Trading Pit - Free extras for futures trading (various platforms licences, L1 and L2 data)
Every day, thousands of talented traders worldwide seek promising funded programs, and traders from India are no exception. In today's article, we will discuss the pros, cons, and associated risks of this form of collaboration, along with providing a list of the best funded programs available in India.
Best Funded Trading Programs in India
We've selected the top 5 funded trading programs in India that accept clients, offer affordable minimum fees, and provide favorable conditions for profit split and other key factors.
| Funding Up To, $ | Free Evaluation Option | Profit split up to, % | Open account | |
|---|---|---|---|---|
| 4 000 000 | No | 95 | Open an account Your capital is at risk. |
|
| 200 000 | No | 90 | Open an account Your capital is at risk.
|
|
| 2 500 000 | No | 90 | Open an account Your capital is at risk.
|
|
| 2 000 000 | No | 95 | Open an account Your capital is at risk.
|
|
| 5 000 000 | No | 80 | Open an account Your capital is at risk. |
Free Evaluation Option
Shows whether the prop firm provides a free evaluation period for traders to demonstrate their skills before committing to the program.
What trading plans do funded trading programs in India offer?
| Trading Plans | 1 - Profit target, $ | Price, USD or EUR | Daily loss,% | Max. loss, % | |
|---|---|---|---|---|---|
|
Stellar Challenge 1 Step |
600 |
65 |
3 |
6 |
|
|
Essential |
2000 |
119 |
5 |
6 |
|
|
One Phase |
500 |
49 |
3 |
8 |
|
|
1 Step |
1500 |
114 |
4 |
6 |
|
|
CFD |
1000 |
99 |
4 |
7 |
Profit Target, $
The profit amount in dollars that traders need to achieve as part of the trading plan requirements.
Fee (EUR or USD)
The cost of participating in the trading program.
Daily Loss, %
The maximum allowable daily loss percentage that traders can incur while participating in the program.
Max. Loss, %
The overall maximum loss percentage permitted for traders before they are disqualified or need to reassess their strategies.
What assets are available in these funded trading programs?
We compared the markets that prop traders can access in these companies. This is another important factor when choosing an account.
| Forex | Stocks | Crypto | Futures | Options | |
|---|---|---|---|---|---|
| Yes | No | Yes | Yes | No | |
| Yes | No | Yes | No | No | |
| Yes | No | Yes | No | No | |
| Yes | No | Yes | No | No | |
| Yes | Yes | Yes | Yes | No |
Rules and Regulation
Regulation
India has strict qualification of managing traders. Only brokers’ employees certified by the National Institute of Securities Markets (NISM) can execute trades on prop accounts. If traders are certified with one broker, they can’t work with another one. Thus, there are no strict requirements to prop firms and brokers themselves, but there are restrictions that forbid traders from working with several prop accounts.Investor protection
There is rather strict legislation in India that limits trading CFDs with leverage. Therefore, if traders work with a company that violates local legislation, their interests are not protected.
If traders find evidence that a prop firm of any jurisdiction violates Indian financial laws, they can file complaints with the Reserve Bank of India (RBI).Taxation
Subject to the taxable amount and the asset type, the tax rate can be up to 30%. Trading digital assets is another asset category with an increased tax rate.
How Do I Become a Fully Funded Trader in India?
To become a fully funded trader in India, follow these steps:
Explore funded trader programs: Begin by researching the available programs in India. Look for firms with a reliable reputation that have been operational for more than one year. Utilize expert resources on platforms like the Traders Union website.
Familiarize yourself with the requirements: Analyze the requirements set forth by the company and ensure that your knowledge and skills align with them.
Apply for the program: This may involve completing an online form, submitting documentation of your experience and skills, and potentially undergoing an interview.
Complete a probationary period: Some proprietary companies may require a trial period to assess your trading skills and suitability for the program. This could involve trading on a demo account or performing real trading tasks.
Adhere to program rules: Upon acceptance, you'll gain access to a real trading account. Follow the rules and recommendations set by the company, prioritize risk management, and stick to your trading strategy.
Continuously improve: Work on enhancing your trading skills to maintain high profitability and potentially qualify for additional funding in the future.
Can I Become a Funded Trader Without Evaluation?
Throughout this article, there is one word that has stood out - evaluation. We have discussed at length the different evaluation processes of different funded trading accounts, but what is evaluation exactly?
Let’s define it as simply as possible. As a funded trader, you are using the firm’s funds to trade. But the firm doesn’t know you and if they can trust you with their accounts. Because of this, they will have a program to test your trading and risk-management skills. This program is what’s called evaluation, and only if you pass it will you be given the account.
However, there are a few (two or three) funded trading accounts that do not offer an evaluation program before they give you an account. Some of these prop firms include the 5ers.
How to Choose a Funded Trading Program in India
Choosing a funded program requires careful consideration to ensure it aligns with your goals, risk tolerance, and preferences. Here are steps to help you select the right option:
Research the various programs: Pay attention to factors such as profit-sharing arrangements, trial periods, available assets, and costs.
Analyze the requirements: Each proprietary firm has its own set of prerequisites for candidates, such as minimum account size, trading experience, and performance metrics. Before applying, ensure you meet the company's requirements.
Estimate the amount of financing: Consider the capital the selected company is willing to provide and any associated fees or costs.
Evaluate the trading conditions: Assess aspects like leverage, available trading assets (some companies specialize exclusively in futures, while others offer a broader range of instruments), execution speed, and trading platforms. Ensure the firm's terms align with your style and strategy.
Check profit-sharing mechanisms: While some companies base profit-sharing on performance, others offer fixed ratios (e.g., from 70%/30% to 90%/10% in favor of the trader).
Read reviews and testimonials: Seek feedback from other traders who have participated in the program to gauge the advisability of collaborating with the chosen firm.
Consider additional benefits: Some companies provide extra perks such as free educational resources, mentoring, and community support. Assess these opportunities and their potential contributions to your success.
How do Funded Trader Programs work?
Understanding how funded trader programs work is critical for aspiring traders who want to participate.
Individual traders can trade a firm's capital in exchange for a cut of any gains made. The application process often includes presenting your trading history, plan specifics, and qualifications. Firms carefully analyze applicants based on their prior performance and risk levels.
If accepted, the trader is granted a specific amount of the firm's money in their funded trader accounts to trade as they see fit, according to the agreed-upon strategy. Most programs require traders to use the firm's proprietary trading platform for compliance purposes. Profits and losses on the financed account are distributed according to the arrangement, which is typically 40-60% for the trader.
In Conclusion
Funded Trader Programs promote a mutually beneficial partnership between traders and trading firms. Traders can produce significant money from these agreements over time by adhering to a firm's guidelines and maintaining consistent, risk-managed performance.
Expert Opinion
Funded accounts seem an attractive option for many traders and are perceived by them as a risk-free path to significant earnings. However, that is not entirely true, and like any path in trading, it cannot be easy and accessible to everyone. To some extent, it can indeed be one of the development options for an experienced trader who has a chance to pass the evaluation phase. For a mid-level trader who has been trading profitably for some time with their small capital, trying copy trading programs as a source of trading signals might be more feasible. This allows for development while continuing to work with a psychologically comfortable amount. For novice traders, participation in prop trading challenges is not recommended due to the high skill requirements for candidates.
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
How can I become a Funded Trader in India?
To become a funded trader in India, you must select a company, enroll in a competitive program, and if your application is approved, undergo a probationary period to demonstrate your knowledge and skills to the company.
Which prop firm is best for India?
Topstep is among the top prop firms in India. The company provides a demo account and various training programs aimed at enhancing traders' skills. Additionally, Topstep does not levy commissions on the first $5000. In other instances, profit distribution options may range from 80%/20% (favoring the trader) to 90%/10% (favoring the trader).
Is prop trading legal in India?
Yes, proprietary trading is entirely legal in India.
Are prop firms risky?
Prop firms can be risky due to looser regulations, difficulty getting funded, and pressure to take on high risks. However, research reputable firms, avoid upfront fees, understand profit sharing, and maintain your own capital to mitigate risk.
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Team that worked on the article
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
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).
