Best Funded Trader Programs in Pakistan

Best Funded Trading Programs in Australia

FTMO - starting reward is 80% of the profit

FTMO Review

Open an account

Your capital is at risk.

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.

FTMO excels at currency trading, while Topstep excels at futures trading.

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

Topstep - great choice for day traders

Topstep Review

Open an account

Your capital is at risk.

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• The first $10,000 in profits you make can be withdrawn in full, and 90% of profits exceeding that amount can be withdrawn.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 - the best option for users who prefer MT5

The5ers Review

Open an account

Your capital is at risk.

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.

Tradable 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 eve

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.

Earn2Trade - profit distribution in the ratio of 80/20%

Earn2Trade Review

Open an account

Your capital is at risk.

For $150 a month, Earn 2 Trade offers a Gauntless Mini account with $25K. When you choose the $350 a month option, you can get up to $150K.

In the beginning, you might want to settle for the $150 monthly fee option if you are still developing your trading confidence. Within the first month of receiving this, you might aim for $1750 and above according to the mentorship you’ve been provided with.

By doing so, you won't need to spend any additional money to upgrade your account to the $350 a month option.

Additionally, achieving this feat will give you access to proprietary trading partner accounts.

Upon reaching this point, you'll have access to:

• A beginner crash course that would otherwise cost $249

• Access to a trading simulator

• Access to Journalytix

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.

How Do I Become a Fully Funded Trader in Pakistan?

To become a fully funded trader in Pakistan, you must follow the following pattern:

• Learn the basics. Make sure you have a clear understanding of the basic principles of trading including technical and fundamental analysis, , risk management mechanisms etc.

• Practice. Before you take charge of someone else's money, practice on a demo account. Trading on a demo account will help you see your strategy in action without any risks.

• Choose a reliable company. Choose a firm with a good reputation and all necessary licenses. Ask what conditions it provides to funded traders (in what ratio the profit is distributed, what tools are available for trading, whether there are any additional fees and commissions, etc.).

• Apply for participation in the contest. Fill out the questionnaire and honestly tell about your trading experience and qualifications. Then, if you are approved, you will be asked to go through an evaluation process that includes, among other things, trading on a simulated account.

• Keep learning and improving. The financial markets never stand still, so it's important to keep up to date with the latest trends and news. Educate yourself regularly and adapt your trading approach as needed.

How Much Money Can I Make?

One question that always nags at potential traders is how much money they can make when they set out to become funded traders. The response to this question is complex and dependent on a number of important variables. For instance:

Funding Level

The foundation of the funded trader programs lies in the financing amount provided by the trading firm. These values range widely, from a few thousand dollars to large sums in the six figures. For example, some might provide traders a $25,000 beginning capital, while the most outstanding companies give over $1 million per account.

Profit split

Profits are split between the trader and the trading firm in funded trader programs. The profit split ratio is fixed and specified in the program agreement. Traders typically receive up to 70%-90% of the profits they make.

Trading Strategy

Choosing a suitable trading strategy is also critical. High-risk strategies may create huge short-term rewards, but they also carry a higher risk of loss. Conservative techniques produce more steady, consistent growth over longer time spans. Your strategy must balance risk and reward so that you can profit from multiple deals while avoiding catastrophic losses.

Effective risk management is essential as profits can be greatly increased with a well-defined and properly researched approach. Keep in mind that trading tactics are governed by different regulations and guidelines at different trading firms. Also traders should consider strict rules of most funding programs. Usually, they limit maximum loss to 4-10%.

How to Choose a Funded Trading Program in Pakistan

When selecting a funded program, first and foremost consider your own preferences. Determine which terms of cooperation are acceptable to you and which do not coincide with your initial goals.

Here are a few things to pay special attention to:

• Security. It is important that the firm is licensed by the main public law institutions in Pakistan. Regulation is one of the main criteria for a company's reliability. If its activities are outside the legal framework, it may cause problems in the future. Also, ask about the methods used by the selected firm to protect the funds.

• Reputation. If you want to know how much the content of the funded program corresponds to the real state of affairs, check out the reviews.

• Requirements. Each prop firm has its own requirements for applicants. For example, for someone the mandatory point is that the trader has certificates proving his qualifications, and someone asks for real proof of trading experience.

• Trading conditions. Analyze the list of available instruments and terminals, the size of leverage, spreads and commissions, familiarize yourself with analytical tools and training materials. Also find out what level of support the firm provides.

• Profit distribution mechanisms. In most cases, companies offer traders from 50%. The ideal option is 70% and higher.

Are funded trader programs legit in Pakistan?

Funded trader programs in Pakistan are legitimate. However, you should choose the company responsibly to avoid falling into the clutches of scammers. Pay attention to reviews from real clients and conditions for obtaining financing.

Is trading for a prop firm halal?

Islamic financial transactions have four basic principles:

• Prohibition of the use of any interest rates (Riba).

• Instant execution of trade orders.

• Prohibition of gambling.

• Risk and profit sharing.

Trading itself, where users execute transactions on behalf of a firm using its capital, may not inherently contradict Islamic norms. However, it is important that the company providing the funded program has an Islamic account (non-swap account) in its arsenal so that clients can separate trading activities from their religious principles.

Are Funded Trading Programs Trustworthy?

If you choose the right company to work with, funded trading programs can be very trustworthy. Nonetheless, this is a new business model for this industry. Program quality varies from company to company. It is also possible that some scam their customers just out of greed. Due diligence and proper research are, therefore, highly recommended.

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.