Best Forex Proprietary Trading Companies In Argentina

Top 5 prop trading accounts in Argentina

FundedNext

FundedNext Review

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FundedNext offers skilled traders an opportunity to showcase their expertise and potentially manage a substantial trading account. Through a structured challenge system, successful participants can start trading with up to $200,000 in capital and retain up to 95% of the profits generated.

The firm provides three distinct challenge types: Evaluation, Express, and Stellar (+Stellar Lite), each tailored to accommodate various trading styles and preferences. These challenges are designed to identify and nurture trading talent, offering different profit targets, time constraints, and profit split arrangements. Traders can increase their profit split by participating in the scale-up program and opting for exclusive add-on features. The cost of the most affordable 5k account at Stellar Lite Challenge is only $32 and the fee is refundable.

FundedNext distinguishes itself by offering a range of features to support and incentivize traders, including a 15% profit share from challenge phase profits, no time limits on the challenge phase, and a unique approach to drawdown calculation based on account balance.

The firm supports multiple trading platforms, such as MetaTrader 4, MetaTrader 5, and cTrader, while providing advanced tools, expert advisors, and robust security measures.

Traddoo

Traddoo Review

Traddoo offers traders two challenge pathways to qualify for funded account access: the 1-Step Challenge and the 2-Step Challenge.

The 1-Step Challenge provides a streamlined option for traders confident in their ability to be consistently profitable while managing risk. Traders must meet a single objective benchmark to receive funding.

Alternatively, the 2-Step Challenge features a two-phase structure. In Phase 1, traders aim to achieve a 10% profit target while observing strict risk controls like a maximum 5% daily loss and 10% overall drawdown. Successfully completing Phase 1 leads to Phase 2, where traders must gain an 8% profit under the same risk parameters.

Additionally, Traddoo allows traders to scale their account size through demonstrated performance over time. Consistently achieving a 10% profit across 3 months rewards traders with a 50% increased account balance.

To assist traders, Traddoo supplies educational resources, trading tools, and a supportive community. Webinars, courses, and one-on-one coaching help traders sharpen their skills and bolster their chances of funding qualification.

FTMO

FTMO Review

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FTMO is a managing prop firm operating on the principle of a prop company. To receive money under management, a potential trader must successfully complete a two-stage active trading test. At each stage, requirements are set for the maximum allowable daily loss, total loss, and target profit level. The prop firm’s conditions are relatively loyal, but still, they can be difficult to successfully navigate. Regardless of the chosen testing package, the limits are 10% of the total loss. For comparison: other prop companies have allowable drawdowns of 15-20%. Despite the strict requirements for the test period, FTMO has a relatively low test cost beginning at €155. By comparison, in most companies in this sector, the entrance fee for passing the test is from €400-500. Another advantage is the availability of standard MT4/MT5 platforms. Most other prop companies have their own or adapted platforms, while FTMO has standard platforms. This allows you to work with any custom indicators and advisors previously honed in the MetaTrader tester. My impression of FTMO remains positive. But after studying the conditions, it is clear that without trading experience, it makes no sense to try your hand at the test. Testing conditions are favourable for those who have worked previously with a demo account and are good at risk management. However, you can also gain experience on the company’s platform itself. There is a free version of the test that fully corresponds to the paid test.

Earn2Trade

Earn2Trade Review

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The Earn2Trade educational company was established in 2017 and is headquartered in Wyoming, USA. It offers retail traders learning courses to become professionals, as well as virtual accounts to trade futures. The best students who trade successfully under set parameters are given access to capital of proprietary trading companies in amounts from $25,000 to $200,000. Earn2Trade has three rate plans with subscriber fees from $90 to $429.

To get funded by the Earn2Trade prop company, traders need to pass the Gauntlet™ trading evaluation program, which assesses their trading skills and risk management. Upon successful completion, they can qualify for a funded trading account with up to $500,000 in buying power. Everyone wants to earn profit through trading activities. But with missing experience, skills and stock market knowledge, it’s tough to maintain consistent profits or succeed in the market. Moreover, novice traders lack risk-taking capability due to their own funds invested in the trades.

Overcoming all the limitations, a funded trading account is the best solution for all novice and experienced traders to upskill their knowledge and experience. A funded trading account allows traders to trade in the real market without risking their capital. Earn2Trade is an online trading education and mentorship portal that offers a comprehensive curriculum covering trading techniques, strategies, live trading simulations, and personalised mentorship from experienced traders. Moreover, the portal also allows traders to trade with a funded account, allowing them to demonstrate their knowledge in real-market scenarios.

The5ers

The5ers Review

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The5ers is a prop trading company. “Prop” is short for “proprietary”, and a prop shop is a trading firm that deploys its own capital toward traders’ pursuit of trading profits. The5ers was registered in Israel in 2016 and has several representative offices globally, the largest of which is located in the United Kingdom. It uses the MT5 trading platform, which allows for the trading of currencies, stocks, precious metals, and indexes. Registration is paid, and the price starts at $235 ($85 of which is for the education program). Platform fees are below the market average. Its distinguishing feature is that it provides funding to traders by making free deposits into their accounts ranging from $6,000 to $4 million. This money cannot be withdrawn, but it is possible to withdraw profits from their use in the proportion of 50/50 (that is, half of the profit goes to the company). The leverage is up to 1:30. The5ers describes itself not as a broker, but as a platform for active trading with funding opportunities.

The5ers is a leading prop company that allows traders to start trading with hugely funded capital against an initial minimum deposit. All you need to do is visit the website and select one of the options from the provided funded training programs, make the initial deposit for the program and start trading.

Two options exist for a funded training program on The5%ers:

• Get funded in 60 days with a Risk Manager Program with 1:10 leverage.

• Get funded in 180 days with an Aggressive Trader Program with 1:30 leverage.

Furthermore, there are three types of funded account programs, at €235 with $6000 instant funding, €385 with $10,000 instant funding and €745 with $20,000 instant funding.

Is forex prop trading a good idea in Argentina?

Sure, it is. Forex prop trading in Argentina is a good idea because the country's forex trading activities are well-regulated. Before you consider getting into prop trading, you should think about the benefits and drawbacks. TU experts have highlighted some for you below:

Rules and Regulation

Regulation

Prop firms don’t require licenses regardless of their countries of registration. Argentinian residents are allowed to open demo accounts with local and foreign prop firms. Partner brokers that bring traders to the real market are obliged to obtain licenses to work in Argentina from the local regulator or at the place of their registration.

Investor protection

The main financial regulator of the country is the BCRA (the Central Bank of Argentina). In case of violation of rights, investors can file complaints with the regulator using contact details on its website. If you have claims against a firm that is registered in another jurisdiction, file complaints with financial supervisory and registration authorities at the place of its registration.

Taxation

Changes to the Argentinian tax legislation are possible due to the unstable political and economic situation. In particular, the basic tax rate is the investment assets tax of 5%-15%. The income tax rate is progressive and can be up to 35%.

Are international prop trading firms legit in Argentina?

International prop trading companies are real businesses that operate legally. Even though they are not officially registered in Argentina, they still let locals use their funded accounts.