Welcome back, we’re going to take a look at Instant Funding programs of Prop trading firms as they’re becoming more and more preferred by traders because of the fact that they can skip the evaluation period and go straight into the live markets where they can start making instant returns.
So this time we’re going to talk about, in our opinion, the best three Instant Funding programs offered by Prop trading firms that are available at the moment. So sit back, relax, but not too much, so you lose focus, of course, as we cover the best three Instant Funding programs that are out there today. Let’s go.
First up, we have Finotive Funding, who is a very reputable prop trading firm. They were incorporated back in April 2021, and they were offering traders a chance to choose between two step evaluation and Instant Funding Programs.
With Instant Funding Programs, traders can choose between standard and aggressive type accounts, which do have different prices and slightly different trading objectives. Instant Funding accounts of both types do have the following account sizes to choose from, which is 2500$, 5000$,10000$, 25000$, 50000$ and $100,000 accounts.
Finotive Funding Standard Instant Funding Program Accounts they reward traders with a starting profit split of 55%, which can be increased up to 75% by participating in their scaling plan. An important factor to keep in mind, though, is that standard Instant Funding accounts have a withdrawal profit target of 2.5%.
You can trade your standard account with a leverage of 1:100. Standard accounts require traders to respect the following two maximum loss rules. Now, the standard account also has a scaling plan with a profit target ranging between 8% and 16% and an upside scaling limit of $1.42 million.
Finotive Funding’s aggressive accelerated program accounts. They reward traders with a 60% profit split, which can be increased up to 75% by participating in their scaling plan. Their aggressive Instant Funding accounts have a withdrawal profit target of 5%, and you can trade your aggressive accounts with a leverage of 1:100.
Again, you’re required to respect the following two rules, which are the maximum daily loss limit of 10% and the maximum limit of 16%. The aggressive account also has a scaling plan with a profit target ranging between 16% and 32% and an upside scaling limit of $3.2 million.
With the scaling plan, it’s important to keep in mind that in order to scale your account balance, you will be required to sacrifice your profit target, which means that you won’t be able to withdraw your funds once deciding to scale your account balance.
Now, when it comes to rules for the Instant Funding programs, of course we’re always required to respect the daily loss limits, overall loss limits, the maximum trading day periods, trading without a gambling mentality, really important.
What community says
So that was a fairly quick overview of Finotive Funding’s Instant Funding program. Let’s take a look at their Trust Pilot statistics purely to have a look at some external views from some community members or past and present clients of the company.
So, Affinity Funding has quite good feedback from their community. On Trustpilot, they have an average rating of 4/5. So look, when it comes to their community comment and feedback that I did notice is that they offer a very attractive diversity of account sizes, ranging from $2500 up to $100,000 for very reasonable prices.
But please go through and have a look, as always, at other traders’ comments about said prop firm. It’s always very valuable, but in our opinion, Finotive Funding is still a fantastic prop firm to go with, particularly when we’re looking at Instant Funding accounts.
My Forex Funds
Next up, we have My forex funds. Now, they’re another very reputable prop trading firm they’re incorporated in July 2020. They’re offering traders a chance to choose between 3 different funding programs.
They have a unique one step evaluation, an industry average two step evaluation, and an instant Funding Program, which we’re going to take a look at. So with the Instant Funding Programs, traders can choose between conventional accelerated and emphatic accelerated type accounts, which do have different prices and slightly different trading objectives. You can choose between $2000, $5000, $10,000, $20,000 and $50,000 Instant Funding Accounts.
My forex funds Conventional accelerated program accounts.
They reward traders with a 50% profit split based on the profits they make while trading with a 1:50 leverage. Conventional accounts do have a maximum loss limit of 5%. The conventional accelerated account also has a scaling plan with a profit target of 10% and an upside scaling limit of $1.35 million.
Myforex Funds emphatic accelerated program
Myforex Funds emphatic accelerated program accounts also reward traders with a 50% profit split based on the profits that they make. You are allowed to trade with higher leverage compared to the conventional accounts. So the leverage for Emphatic accounts is 1:100, and they have a maximum loss limit of 10%. With the Emphatic accounts, the emphatic accelerated account also has a scaling plan.
The profit target is 20% with an upside scaling limit of $2,020,000. You should also note that your withdrawals don’t affect your account from scaling up, which is a significantly positive feature since you’ll be able to withdraw your profits on a weekly basis while also working towards your profit target to scale your funded account.
Now, when it comes to rules for both accelerated funding programs, there are the three most important trading rules to follow, which is the maximum loss limit. EA’s are not allowed, and no holding of trades during the weekend.
What community says
That’s a very quick overview of my forex funds Instant Funding Program. But let’s finish with them by taking a look at their general community feedback and overall feedback online as an external view away from our opinion.
On TrustPilot they have a near perfect rating of 4.9 out of 5 from a lot of reviews. So when it comes to their community, obviously there is great feedback. A vast majority praise, they’re efficient and reliable, live Chat support Team they’re a very good prop trading firm company that is out there. Again, go through and have a look. It’s always important to do your own due diligence to look at external views, but overall, as you can see, my forex funds are leading the pack for very good reason.
Funded Trading Plus
And the last prop firm we’re going to have a look at in this article is Funded Trading Plus, who is one of the newer prop trading firms in the industry. They were incorporated in November 2021, meaning that they’ve been running for a little over a year now and they’ve produced incredible results in that time.
Now they offer traders a chance to choose between one step evaluation, two-step evaluation, and Direct Funding Programs. Because we’re talking about Instant Funding in this article, we’re going to take a look at the Direct Funding Programs, which do have the following account sizes to choose from. We have $5000, $10000, $25000, $50000 and $100,000 account sizes.
Master Trader Account
Funded Trading Plus, Master Trader Account or, in other words, their Direct Funding Account. It rewards traders with a starting profit split of 70% and can be scaled all the way up to 90%. The leverage for all five account sizes is set to 1:30. Master Trader accounts have no maximum daily loss limit, while having a maximum overall loss limit of 5%. However, keep in mind that the maximum loss limit is actually a trailing loss limit.
The Direct Funding Program also has a scaling plan with a profit target of 10% and an upside scaling limit of $2.5 million. An important factor to note regarding the scaling plan of this funding program is that you are able to withdraw your profits on a weekly basis while also working towards your profit target to scale your funded account.
You must have a minimum profit of 10% in order to be eligible to scale your account balance. Now, when it comes to the key rules for the Direct funding accounts, you’re required to follow the maximum trailing loss limit, no weekend holding, third party copy trading risk, and third party EA risk.
What community says
So that’s a fairly condensed and concise overview of Funded trading plus’s direct account. But let’s take a look at their overall community feedback and general reviews. So over here on Trust Pilot, they’ve got a fantastic rating of 4.9 out of 5 from quite a lot of reviews. So when it comes to their community, obviously they’re giving some fantastic feedback and overall, mostly praising their overall reliability, efficient support team, and an incredibly well structured traded dashboard.
So look, funded Trading plus they haven’t been in the industry that long, but they’re doing a lot of things right and that’s why they’ve ended up in our top three for Instant funding programs.
Well guys, this concludes this article on our ranking of the best three instant funding programs offered by prop trading firms in our very humble opinion.