Prop Firm Challenge Passing Services (2024)

FAQs

Is it easy to pass prop firm challenges? ›

Becoming a funded trader in prop firms is not an easy task. Prop trading firms only want the best traders who can bring about the best returns under a very short loss leash. In other words, not only do you have to achieve profit, you have to make a profit consistently.

The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

In Summary – How Long Does It Take To Become A Funded Trader? In conclusion, it can take around 4-5 months to pass a prop firm trading challenge and become a funded trader. However, it can take much longer than that to become a profitable trader beforehand – which is a necessity.

After you pass all the Trading Objectives in your FTMO Challenge, you will see a notification in your Account MetriX informing you about your success, and you won't need to trade the account anymore as your Trading Objectives are marked as passed.

When you are trading with a prop firm, your losses are usually limited to the foregone risk of your challenge/account fee. You are generally not liable for the prop firm's lost funds.

Staying focused and disciplined is essential when taking the Funded Account Challenge. Avoid distractions and stay focused on your trading strategies. Don't be afraid to take a break if you need it, but always come back with a clear head and renewed energy.

This means approximately 90% of those who attempt the challenge end up failing. A major reason such a high percentage fail is because of the strict trading rules and conditions imposed during the evaluation.

The most common reasons traders fail prop firm challenges are simply overleveraging their trades, not understanding the rules, and not having a profitable trading strategy.

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place. A trader doesnt know when a winning streak might occur, or when they may take a string of drawdowns.

The Success Rate Of Prop Firm Traders

Therefore, the assertion that about 95% of traders fail is not far from being true! We can then conclude that there is only about a 5% success rate among prop firm traders.

Which prop firm is the cheapest? ›

Prop firm challenges, like the FTMO challenge, are evaluation phases during which a trader must prove their trading skills to gain the backing of the firm. These challenges often involve meeting certain profit targets while staying within specified risk parameters.

Fastest Industry Payouts – MyFundedFutures has the fastest payouts in the futures prop trading space which has become more and more important with some of the other futures prop trading firms taking weeks to payout.

You will be removed from the Premium Programme if one of the following situations occurs: You fail the FTMO Account which is part of the Premium Programme. You fail 3 accounts regardless of the of the stage (FTMO Challenge, Verification, FTMO Account)

If you meet the conditions of our Scaling Plan, not only do we increase the balance of your FTMO Account by 25%, but you will be entitled to a 90% payout. If you prefer to keep your Profit Split on account to grow and accordingly build up your balance and drawdown buffer, you can do so.

Participating in a Prop Firm Challenge can be a stepping stone to a successful trading career. The benefits, including improved skills, access to capital, and networking opportunities, make these challenges an attractive option for traders looking to advance in the industry.

Successful prop trading strategies are built on technical analysis, risk management, adaptability, and leverage a mix of approaches including merger arbitrage, index arbitrage, and volatility arbitrage, among others.