The Top 5 Proprietary Trading Firms Under $500
If you’re looking for a career in trading, prop trading firms offer some of the best opportunities. These businesses offer funding for traders to trade forex, stocks, indices, commodities, and digital currencies. The trader pays a small fee to take a challenge and when they pass, the firm allocates the money to trade with. As a prop trader, you can take part in the profits the firm makes without risking your own money when you have passed the challenge.
There are many prop trading firms to choose from, but not all of them are created equal. Some are much better than others in terms of pay, benefits, and opportunity. To help you find the right firm for you, we’ve compiled a list of the top 5 proprietary trading firms that cost under $500 to join.
1. Traders With Edge
Traders can trade more than 1,172 assets with Traders With Edge. They will fund traders up to $3 Million of their money to help traders. The traders keep 80% of the profits, which are paid every second week. For as low as $55, traders may take the challenge and trade with a 5K turtle account.
If traders are successful and want to trade, even more, Traders With Edge can help them. They have 2 scaling plans available, where the company will continue to add funds to the account as long as the trader is consistent.
Traders With Edge is our top pick of proprietary trading firms because they run a professional setup, accounts are issued instantly after purchase of a challenge. Great customer support. The broker they use has exceptional spreads and low commissions of just $5.
And most importantly, they help people who want to trade full-time make the jump from part-time and quit their day jobs, by providing training and support as well as the capital.
They are based in The US and Hong Kong and have a strong board of directors who have experience in starting and growing successful companies. Trades With Edge is funded by several large private equity companies that help our successful traders.
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2. 5%ers
The 5%ers is a company that helps Forex traders. They want to help traders to make more money. They do this by providing traders with unique tools to help their career, including a plan to grow their money. 5ers was founded by two professional Forex traders who wanted to help people to become better Forex traders.
Gil Ben Hur and Snir Achiel founded The 5%ers’ Funding Traders & Growth Program in 2016. This program was created to help full-time traders get the money they need to continue trading.
Their passion for this profession is what drives them. Its mission is to provide traders across the globe with a secure, fair, and honest trading framework. This will help people grow and be successful while abiding by the highest ethical standards.
3. T4T Capital
T4TCapital is the parent company of some progressive FX brands and prime brokerage providers in the industry. T4TCapital provides clients with access to individual, corporate, and institutional brokerage services across various affiliates and subsidiaries. The company has a long-standing commitment to providing customer service, innovative technology, and deep market insight.
Its mission is to support and provide a proprietary trading opportunity for all retail forex traders in their quest for success. They believe that their experience in FX trading with both the banks and in the retail market gives them a unique insight into the market that can be of great benefit to retail traders.
4. Apiary Fund
Apiary Fund is a company that provides training and tools to help people trade Forex. They want people to be able to achieve their trading goals. To do this, they provide traders with the opportunity to make a reliable monthly income. This is done by providing traders with the training, tools, strategies, and funds needed to be successful.
Shawn Lucas is the founder and fund manager at Apiary Fund. He has a degree in economics and started his career as a broker for Fidelity and Charles Schwab. Shawn Lucas is an expert in the field of technical and economic analysis of the financial markets. He has given speeches for Reuters and TD Ameritrade.
The Apiary Fund was created to help people learn about money management skills. People can trade company money and keep a larger share of profits. This also removes emotional stress from the traders at the Apiary Fund. Using the internet, professionals at the Apiary Fund can train people all over the world, giving them access to necessary software and training.
5. BluFX
BluFx is a prop firm that offers a subscription model in return for instant account funding. For a monthly fee, BluFx provides traders with access to capital, platform fees, and education. BluFx is an ideal solution for those who are looking to get started in trading but don’t have the initial investment. With BluFx, you can start trading immediately without worrying about account minimums.
Conclusion
When looking for a prop trading firm, it is important to consider what you are looking for in a company. Do you want access to capital? A company that provides education? Or one that has a subscription model?
It is also important to consider the reputation of the firm and whether or not they have been successful in the past. Consider reading reviews and speaking with other traders before making a decision.
Traders With Edge is our top pick for the best proprietary trading firm under $500. They help people who want to trade full-time make the jump from part-time and quit their day jobs. They are based in The US and Hong Kong and have a strong board of directors who have experience in starting and growing successful companies. Trades With Edge is funded by several large private equity companies that help their successful traders.
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