Trading News

Proprietary Trading (also Prop Trading)companies offer market players to trade with private funds. Unfortunately, due to the popularization of Forex, hundreds of fraudulent organizations that lure traders and then empty their accounts have become more active worldwide. Thus, when planning to become part of a trading firm to manage private funds, it is important to find out how reliable a particular company is.

Why do traders want to get into Proprietary Trading?

The reality is that many talented traders who really “feel the market” and improve their trading algorithms on a daily basis do not have enough capital to increase it quickly. Given that trading is a high-risk activity, borrowing money is extremely irrational and reckless. As a result, talented Forex traders are doomed to increase their funds slowly since they cannot “trade big”. That is why many enthusiasts seek to get into Proprietary Trading. The solution has several advantages:

1. The trader receives initial trading capital.
2. Each prop trader can improve their professional skills and abilities through endless educational programs and consultations with leading experts in the industry.
3. All members of a Proprietary Trading company communicate in private chats, exchange experiences, and even develop joint strategies, which is also extremely important for the professional growth of each trader.
4. Traders gain access to modern software and advanced trading platforms.
5. Traders can earn up to 85% of the income received upon closing their Forex trades.

As you can see, companies in the Proprietary Trading industry do offer very favorable conditions for the development of promising traders but at the same time, they have high expectations of each potential trader on the platform. Strict evaluation criteria allow them to select only the best traders who guarantee the firm a risk-free income. The prop trading firm operates in such a way that the most pessimistic outcome is no profit or breaking even. Managing talented traders, the company rapidly increases its passive income, which exceeds the funds invested by many times.

FTMO is one of the best prop trading companies

World-famous FTMO is one of the safest firms in the Proprietary Trading industry. It offers incredibly favorable working conditions, allowing the majority of talented and promising traders to fulfill their dreams and finally prove themselves at work.

The trading company financially provides for its partners for trading in Forex. It is worth noting that prop trading companies do not use their client’s investments or practice trust management. The legal entities use their own capital for funding.

Benefits of trading with FTMO

1. Always-on technical support. The partner can count on qualified advice at any time.
2. The company employs a psychologist who helps traders cope with their emotional issues and constant nervous tension. The ability to stay calm and collected is what separates a successful professional trader from a hotheaded enthusiast who risks the funds every day.
3. Getting the best trading conditions.
4. There are no restrictions on how to develop your strategy. Traders can choose any trading style that they find convenient and efficient.
5. Using favorable leverage without any limits on position sizing.
6. Using unique trading applications.
7. A thorough analysis of your account and full statistics.
8. Getting access to today’s most popular trading platforms, including MT4.
9. The opportunity to constantly learn and improve your knowledge.
10. The opportunity to use a demo account for managing virtual funds and practicing your skills.

An undoubted advantage of FTMO is the presence of a scaling plan, which opens up unlimited opportunities for any partner. In other words, the partnership between the company and traders will constantly develop: the more successful an expert the more money he or she earns.