Best Funded Trader Programs in India

Best Funded Trading Programs in India

Topstep is the best option for day traders

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 $50K, $100K, or $150K 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• The first $10,000 in profits you make can be withdrawn in full, and 90% of profits exceeding that amount can be withdrawn.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.

The5ers is the best company for traders using the MT5 platform

The5ers Review

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In comparison to the other programs mentioned in this list, The5ers take an entirely different approach. The5ers fund each funded trading account with real money, so subscribers can trade with it.

Traded securities include all Forex majors, such as EUR/USD, USD/CHF, and major cross pairs, such as AUD/CAD and GBP/JPY. The Level 1 Program requires every trader to achieve a profit target between 10% and 25%.

Upon reaching the profit target by trading according to the rules, the Level 1 Program will be closed. As a Portfolio Manager Partner, you will receive profits according to the profit split, and a new trading account will be opened for you on the next funding level.

A key difference between this trading account and the others is its ease of use. 50:50 profits are split between The5ers and their members. Accordingly, the trader keeps half of the profit.

Each of the programs is hosted on the MetaTrader 5 trading platform. The participation fee ranges from $275 to $875.

FTMO is a company specializing in Forex trading

FTMO Review

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FTMO is a prop trading firm that specializes in Forex trading, and has won several awards in the field. FTMO traders received over $23,000,000 in payouts in 2021 with an average payout processing time of 8 hours.

To qualify for a funded trading account at FTMO, you must complete three steps.

• Within 30 days, you must reach the defined profit goals of the FTMO Challenge.

• Once you've successfully completed the FTMO Challenge, you enter the 60-day Verification process.

• FTMO will offer you an account range of $10,000 to $400,000. This is after you pass the two-step evaluation process with the Challenge and Verification.

• Traders keep 80% of their profits for withdrawal according to the 80:20 profit split. In addition, for funded accounts with account sizes of $2,000,000 or greater, traders have the option to increase their profit split up to 90:10 with a Scaling Plan.

There are 44 currency pairs and 10 cryptocurrencies you can trade. You can also trade stock CFDs, commodities, and indices.

Free versions are available of the three most popular trading platforms, MetaTrader 4, MetaTrader 5 and cTrader.

In order to participate in the FTMO Challenge, traders must pay a one-time fee. USD, GBP, EUR, CZK, CAD, AUD and CHF can be used to fund the account, but only Euro can be used to pay the challenge fee. For the $10k account, the participation fee starts at 155 EUR. For the $25k account, the cost is 250 EUR, for the $50k account, 345 EUR, for the $100k account, 540 EUR, and for the $200k account, 1,080 EUR.

OneUp Trader Funding is a moderate risk trading firm

OneUp Trader Review

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A decade of experience makes OneUp Trader one of the most reliable prop firms to fund your account. By encouraging the use of different schools of thought in decision-making, this program promotes independence.

In addition to its uniqueness, this platform places a lot of trust in its users. This program provides a softer learning curve than other programs that require traders to meet unrealistic trading targets.

As a OneUp member, you'll feel like part of a big family. When it comes to building your confidence, that’s quite important.

In addition, you can decide how you want to share your profits. There are two profit-sharing options - 50-50 and 80-20.

Moreover, their tiers are quite affordable, especially if you choose the 50-50 arrangement. The 50% profit split arrangement would cost you $95 per month for a $25K account. On the other hand, a $25K account with the 80% option would cost you $125 per month.

Maverick Trading - designed for active traders

Review

In the world of trading, Maverick is undoubtedly a top company. You can start trading in Maverick even if you are less experienced, as it offers the services of professional advisors and popular robo advisors.

Every business day, Maverick provides webinars and lessons. You can easily improve your skills with the help of lessons and webinars during business hours.

With Maverick, you can trade options, stocks, and Forex. As a new trader, you can count on Maverick's team for support, technology, and training lessons.

When you prove your trustworthiness to Maverick, they invite you to join their team and finance you immediately. Based on the profitability of your work, the amount of instant funding may be increased.

If you consider yourself to be an active trader, don't miss your chance to get instant funding and contribute to Maverick's development.

Maverick traders predominantly use ThinkorSwim during evaluations. However, most of them prefer Interactive Brokers for live accounts. This is because Interactive Brokers has a very user-friendly interface that's easy to navigate.

As part of its evaluation phase, the Forex program also uses Interactive Brokers. Maverick's teaching approach differs greatly from other programs in that it’s more effective and comprehensive. However, it’s also more expensive. Joining the options program will cost you about $7,000 and joining the Forex program will cost you about $4,000.

Rules and Regulation

Funded Trading Programs in India Compared

For a quick overview of the funded trader programs discussed here, we compiled a table highlighting the important points.

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.

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.