Prop Firm Challenge Passing Services (2024)

FAQs

How to pass prop firm challenge easily? ›

Forex Prop Firm has released the challenge passing rates for September 2023, shedding light on the success rates of traders participating in their prop trading programs. Here are the Forex Prop Firm September Challenge Statistics: 1-Step Challenge Pass Rate at 10.59% 2-Step Challenge Pass Rate at 13.78%

Most prop firm passing services only work on a demo account during the challenge phase. Traders relying on prop firm passing services may not generate any profits in a live trading environment.

For most funded trading accounts, it takes around four to five months to pass the screening process or prop firm trading challenge, before funding will be allocated to a trader. However, some prop firm challenges can be passed in a much shorter time, in as little as two days, though this involves using increased risk.

With the Prop Firm challenges, it's not just about failing or winning. You must be profitable and fulfill certain trading objectives which makes it even harder. Less than 1% of traders who attempt the challenge pass and get funded.

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.

You have a poor risk management

Risk management is the key to successful prop trading. It helps you limit your losses, protect your capital, and preserve your psychological edge. Without proper risk management, you can easily lose control of your emotions and overexpose yourself to the market.

It is estimated that only 4% of Forex traders succeed with prop firm challenges, and only 1% of traders can generate profits consistently without violating any rules.

Statistics on Average Trader Payouts

Profit Split: The average prop firm will offer a 80-20 profit split once you become a funded trader. TFT, on the other hand, gives up to a 90% split, — even as high as 95% in some promotions — the highest in the industry.

You will not owe money if you lose while trying to pass a challenge with an evaluation account for a prop firm.

What happens if you lose money on a funded account? ›

What happens if you lose money on a funded account? Since retail prop trading firms keep traders in demo accounts, the only thing that happens is that traders lose access to funded demo accounts if they violate the maximum drawdown level.

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.

FTMO have told us that 92% of traders fail their challenge (10% in one month). Not sure about the verification stage where you need to make 5% in 2 months. {quote} FTMO have told us that 92% of traders fail their challenge (10% in one month).

There is no time limit within which you need to pass the Profit Target, the Trading Period is indefinite. As soon as all the Trading Objectives of your FTMO Challenge are met and your results are reviewed, you can proceed to the Verification phase. The minimum time to complete an FTMO Challenge is 4 trading days.

Staying Focused and Disciplined

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. Remember that consistency is key, and you can only achieve your goals by staying focused and disciplined.

It does take some work, but it's worthwhile. Funded trader programs are a fantastic way to leverage your trading skills by getting more money to trade. But many traders pay the money to take a challenge, not knowing that they actually have a very low probability of success.

Successfully passing a prop firm challenge comes with numerous benefits: 1. Financial Rewards: The most immediate benefit is the potential for substantial financial rewards. With up to 90% profit sharing, your successful trades translate directly into significant earnings.