Best Funded Trader Programs in Turkey

What is a Funded Trading Program?

With a funded trader program, traders have the opportunity to trade using a prop firm’s money. You and the proprietary firm share the profits you generate in the funded account.

The trading industry is a thriving field where many people are trying to learn more each day, but it's not just about knowing the basics, it's about knowing how to manage your money and being successful.

It’s becoming easier for people to learn trading skills and strategies online and become consistently profitable traders, however, many individuals don’t have very much investment capital to work with so that they can generate substantial amounts of money from their profitable trades.

By offering trader education resources, webinars, and support, good funded trader programs help you get started in trading with more than just trading capital. It's also important to have a trading platform of the highest quality and a partner company that offers funded accounts of the highest quality.

The advantage of funded trader accounts, as opposed to a Personal Forex account, is the reduced risk. Real-time data and a useful platform are available for a small monthly fee. Once you prove you possess the necessary skills, you’re granted access to a funded account. Upon getting funded, you get to keep up to 90% of the profits that you generate from trading.

Best Funded Trading Programs in Turkey

Topstep - the best option for trading futures

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• The first $10,000 in profits you make can be withdrawn in full, and 90% of profits exceeding that amount can be withdrawn.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

SurgeTrader - large selection of assets to trade

SurgeTrader Review

Open an account

Your capital is at risk.

SurgeTrader offers a 75% profit split to funded traders who meet their trading criteria. It's the perfect prop firm to diversify your investment portfolio with a variety of tradable assets. SurgeTrader has only one phase of evaluation, unlike many other prop firm trading entities that require traders to pass several levels of evaluation.

Traders can choose from six packages. With the Starter Package, you get $25,000 in instant funding and a 10% profit target. There’s a maximum trailing drawdown of 5% allowed. The Starter Package is ideal for beginners who want to avoid overly aggressive trading. With a $1 million funding size and a 75% profit split, the Master Package is the highest-tier account. A 10% profit target is set, along with a four-percent daily loss limit and a five-percent maximum trailing drawdown allowance. If you have a lot of confidence in your abilities, then this package may be for you.

This prop firm offers a wide variety of tradable securities, including crypto and gold, as well as popular stock indices. It’s possible to access leverage up to 1:10.

A top proprietary trading firm, SurgeTrader requires all of its clients to undergo evaluation. You need to pass only one phase of the SurgeTrader Audition process. It’s not necessary to earn over 10% of your account balance in order to pass the audition.

Audition fees range from $200 to $6,500 per account. There’s no limit to how many times you can take the audition. You can use credit/debit cards and PayPal to make payments and withdrawals.

Elite Trader Funding - the best option for remote funding

Review

Open an account

Your capital is at risk.

With Elite Trader Funding's EOD program, you get the best value in futures evaluations with end-of-day drawdown. One-step evaluations with single overall trailing drawdown are a lower-cost option for traders looking to avoid daily drawdown limitations of EOD drawdown programs.

If you are an aggressive trader looking to use Elite Trader Funding programs, you can sign up for Elite Trader Funding Fast Track evaluations where you can receive up to $6,500 in drawdown allowance for just $150. You’ll also receive $160 of Free Data once you’re qualified for live funding.

A $25K Mini Track Evaluation starts at $45 and must be completed within a maximum of 14 calendar days and a minimum of 10 trading days (not much wiggle room). This option requires you to be a seasoned trader with a high level of confidence and expertise in day trading futures.

Also worth noting are the Free Data Specials on the $100K and $250K evaluations and the resets on the EOD and 1step, but not on fast tracks. As a fourth type of evaluation, Elite offers Static Drawdown Evaluations, which are exactly what their name suggests. Evaluations of this type have a maximum loss and no trailing drawdown. It’s also important to note that the minimum allowed balance doesn’t change over time.

Try Day Trading - offers one-on-one coaching

Forex trading is the sole focus of Try Day Trading. Unlike other funded trading programs, Try Day Trading doesn’t only allocate cash to you. Upon joining, they'll guide you through a 12-week course.

This course will prepare you for success once you start trading with real money. Getting to know the company's trading culture is also an important factor in success.

Try Day Trading has been around since 2008 and has evolved ever since. Trader Executive, the company's one-to-one training program introduced in 2016, consists of individual training from the company's Lehi, Utah offices.

Following graduation from the training program, students can receive funded accounts worth up to $100,000 and keep 80% of their profits.

Maverick Trading - best choice 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

Regulation

Turkish legislation doesn’t require prop firms to obtain licenses regardless of their country of registration. Prior to opening a virtual account, check whether a prop firm is entered into registries of the country where its head office is located.

Investor protection

The main regulator of Turkey is CMB (the Capital Markets Board). In case of any disputable situation with a prop firm, file your claim with CMB, ESMA (the European Securities and Markets Authority), and supervisory bodies at the place of its registration.

Taxation

The income tax rate ranges from 5% to 25%. A minimum amount not subject to taxation is available.

Funded Trading Programs in Canada 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 Turkey?

If you want to become a fully funded trader in Turkey, follow these steps:

• Master the basics of trading. It would be strange if companies provided capital to everyone. Therefore, you should get a good theoretical base before becoming a funded trader.

• Practice. Before entering the real market, hone your skills on a demo account.

• Choose a company. Compare what terms of cooperation are offered by different prop firms and make a choice in favor of those companies whose funded programs coincide with your goals.

• Apply. This step may include filling out a questionnaire, in which, in addition to personal information, you should elaborate on your experience and regalia.

• Take an assessment. The test period often consists of several steps and involves trading on a simulated account.

• Get funding. Once a candidate successfully passes the test, he or she will receive an offer from a proprietary firm. The trader will then be able to trade using the real capital provided by the company.

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 Turkey

It is crucial to choose a firm whose offerings fit your trading style and financial goals. Here are some suggestions to assist you in making the correct choice:

• Research reputation. Read reviews and testimonials about the company, and scour press mentions. If negative reviews prevail, it's better not to consider the firm as a partner for long-term cooperation.

• Evaluate the requirements. Analyze the set of requirements that the company puts forward to candidates and make sure that you meet the stated criteria. For example, some firms ask traders for training certificates.

• Familiarize yourself with the terms of cooperation. The main things to check are: the set of available tools and platforms, the amount of leverage, spreads, swaps and commissions, the availability of educational resources, and profit distribution mechanisms.

• Study the risk management policy. A reliable proprietary firm should have clear risk management protocols to minimize potential losses during trading.

Is trading for a prop firm halal?

Trading for a proprietary firm is not inherently haram, but may be if it involves elements prohibited in Islam. Muslim traders wishing to engage in proprietary trading must ensure that they trade in accordance with Shariah law, using swap-free accounts and avoiding margin trading.

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.