Lack of cash will impose restrictions on even the most skilled newbie options traders that excel at making lucrative bets. Fortunately, there are funded trading platforms also called prop firms that lend money to skilled traders, Entrepreneurng Report.
The top five options prop trading companies are shown below:
1. Topstep traders
Options traders from all over the world can open funded accounts with TopStepTrader. As seen by the more than $2 million in gains withdrawn in 2020, many traders are finding success with TopStep.
TopStepTrader has a 4.5/5 rating on Trustpilot (1,500+ reviews), so you may be sure that this is a reliable service even though some prop firms don’t have good track records.
You’ll need to show that you can consistently make money day trading to employ prop businesses like TopStepTrader. Therefore, you might need to educate yourself and learn efficient trading strategies first, depending on your level of ability.
2. FTMO
FTMO is a well-known prop company that offers qualified traders sponsored trading accounts. There are two steps in the eligibility process.
You must first succeed in the FTMO Challenge to receive your funded account. It asks you to demonstrate your trading skills using a practice account. After that, you switch to a real account to complete the Verification process.
3. SurgeTrader
Our next options prop trading company, SurgeTrader, features straightforward guidelines and a quick workflow for funded options trading. SurgeTrader provides a straightforward, one-step procedure in contrast to some of its rivals, which demand more difficult trials. Additionally, it allows for almost any kind of trading activity, including forex and the use of many other assets.
4. Fidelcrest
Another options prop trading company that offers access to a wide range of assets, including equities, indices, commodities, and currency, is Fidelcrest.
You must demonstrate your trading prowess by finishing a two-step process to be accepted into Fidelcrest’s Pro Trader Program. First, there is the 30-day trial period for the Fidelcrest Trading Challenge. You next proceed to the Verification phase, which is comparable but takes 60 days.
5. OneUp Trader
Accounts backed by OneUp Trader, a rapidly expanding supplier, ranged in value from $25,000 to $250,000.
OneUp Trader is a straightforward one-step method, in contrast to many funded account providers who need a two- or three-part process. This enables qualified traders to begin going right away. Once you begin trading, you must do so for at least fifteen days to reach your profit goal. You will then be assigned to one of their financial partners.
In conclusion, as was previously demonstrated, you can trade with a wide variety of trustworthy businesses. Your particular trading tastes and aims will ultimately determine the finest options prop trading firm for you.
