What is a prop trading firm? The ultimate guide
If you’ve ever dreamt about trading but don’t have the necessary funds to do so, a prop firm is what you’re looking for. Throughout this blog, I’ll teach you how to upgrade your professional trading career through this new concept
What is prop trading?
The business model that’s skyrocketing to fame nowadays is Prop Trading, a new way to trade with big amounts of capital without needing the funds to do so.
Many of us have always wanted to be traders and have the ability to do so, but one of the main limiting factors are the tools and capital needed to start.
Now, with this new way to do trading, you can push your dreams further in a way that’s never before been so easy.
How does proprietary trading works?
If you’ve reached this far, you’re probably thinking: how can I start? That’s a question with an answer as simple as it sounds.
The user must select the size of account that best adapts to them. In Crypto Fund Trader you can choose accounts of up to $200,000 to trade like a true market-whale.
Once the account is selected, you’ll enroll in an evaluation course in which your abilities will be determined before you take the step to become a funded trader.
When you pass said evaluation and there’s no doubt about how you’re a trustworthy trader with whom big amounts of money can be trusted, you’ll start in a LIVE account. In this account, you can withdraw the money you make, with an 80/20 profit split, in which the funded trader gets 80% of all profits, while CFT (crypto fund trader) gets 20%.
From that point on, your biggest worry should be to be focused in trading as best as possible without breaking any rule.
What's the difference between prop trading and other trading types?
You may still have some doubts about prop trading. If so, here are the main reasons why being a funded trader can change your life.
Other types of trading imply trading with your own savings money, while Prop Trading offers funding like you could’ve never imagined, all for a little fee that allows you to start taking the ability evaluation program.
Your capital will not be at risk, the Prop Firm will take all risks so you can take all the weight off your back.
It’s never been so easy to start your professional career as a trader, prove your ability and start to generate money with your trading strategy.
Being a funded trader gets you closer to this business in a more accessible way that has never before been possible.
How to choose a legit proprietary trading firm
To choose a Prop Firm, you must see what conditions are closer to your style of trading.
What comissions do they have? High comissions can diminish your profitability.
Are the spreads too high? Low spreads will facilitate your experience and improve your performance.
What appeasement does it offer? Financial appeasement is key to be able to be able to manage your risk.
Can I trade the instruments I prefer? If you have a variety of instruments you can trade those which you’re best at trading.
What rules do they have? Unfavourable user rules will slow your progress down.
What styles of trading are permitted? Make sure your preferred style is permitted.
What platform do they use? It must be a platform you can get accustomed to and feel comfortable using as it will be the one you use the whole time.
Every Proprietary Firm is a world of its own, but today I present you the first Prop Firm that’s crypto-based and pioneers the way of offering the best conditions for its traders: Crypto Fund Trader.
Benefits of Crypto Fund Trader
– The lowest commission rates in the market, allowing you to increase your profit margins and make you more profitable.
– Spreads from 0 pips, so your experience is simplified and you have control over the market.
– Leverage 1:100, so you can manage rush with total freedom to open any operation.
– +100 Crypto Pairs. Don’t worry about not being able to operate with your favorite crypto, we have a vast array of pairs in which your favorite coin will for sure be located.
– +100 Indices, Forex, Commodities and Stocks, for traditional market lovers.
– No trading restrictions so you can try any style and fin the one that suits you best with its platform and MetaTrader5, the most well-known platform in the trading industry.
How to open a prop trading firm account on Crypto Fund Trader
We’re reaching the end of the article, so if you’re brave enough and want to take action and start doing what you love most I’ll tell you the steps you must take:
1. Go to www.cryptofundtrader.com
2. Choose the account size you want to start with.
3. Choose between CFT Platform or MT5. If you don’t know which one to choose you can try our demo credentials to see which one is easier to handle.
MetaTrader 5
Our MetaTrader 5 terminal is now available through this link https://mt5.cryptofundtrader.com/terminal/chart
Demo credentials:
Account: 123456
Password: DemoCFT1!
Server: RLCrates-Live
CFT Platform (Our own platform)
Demo credentials:
https://trading.cryptofundtrader.com
Email: demo@cryptofundtrader.com
Password: DemoCFT1
4. Start the challenge.
5. Enjoy the best conditions in the market.
Now you can get up from your sofa and pull yourself up by your bootstraps, becoming a Prop Trader and enjoying the vast array of benefits that comes with it.
