Best FTMO Alternative for Forex Trading (2024)

Proprietary Forex trading gives you the freedom to trade with an account-size capital and risk management that’s unthinkable on your own. You’ll be accepted into the funded market after completing a set of challenges that sets you apart as a talented trader. A prop trading account also comes with the firm’s experience, business contacts, and pools of reliable partner brokers.

FTMO is an award-winning prop trading firm with proven legitimacy, offering, among others, a flexible and attractive swing account, albeit with lower leverage. Alternative proprietary funding platforms exist that match their package, including the easy-to-use, sleek user interface. The best FTMO alternative is trader-oriented, with no restrictions on trading conditions and escalated funding.

Since you operate as the prop firm’s remote trading contractor, you’re offered sufficient leverage to create profits. A certain percentage ratio, called a profit split, determines what you take home. Since the beginning of the online prop space, FTMO’s split was 70%, but they now offer 80% default and 90% for swing traders.

That means the firm keeps 20% of the profits, but there are constraints against holding positions and trading during news announcements. Another turn off for many traders is the signup fee, which you pay before undertaking the FTMO challenge. Due to their size, the prop fund also experiences platform freezing, and there have been complaints about the lack of customer support.

The best FTMO alternative fills in the gaps for the missing features offered by the online prop funded Forex trading program. These incentives translate to trader-friendly platforms and decent leverage and ideally include straightforward rules and fair payout to a successful trader. As such, you’ll be looking for far from new firms that haven’t yet built an eminent reputation or business connections.

But age or being green isn’t synonymous with quality of service or support, so you can also investigate some time in newer prop firms before holding judgment. When looking for the best FTMO alternative, essential qualities to observe include;

Considerations

• Challenge rules and difficulty
• Payout scheme
• Swing leverage
• Rest and refund status
• Platform ease of use
• Customer support

After engaging these fundamental funded account pillars, compare other nuance differences such as the type and amount of fees charged. You’ll want to know what hours they’ll allow you to trade on their platforms and whether they have account growth schemes. Besides restrictions on trading, what are their limits on risk levels, and can you hold or keep trades overnight or over the weekend?

For a marketer, selecting a liquidity provider is as essential as choosing a Forex trading partner or broker. The tools offered must work clearly while providing the necessary features to make your trader’s job. So, even though you can trade risk-free with a fully funded firm’s capital like with FTMO, what are the alternatives?

FTMO is proprietary or prop trading firm based in the Czech Republic. While it’s an all-around box ticker for many traders, their Forex trader solution package doesn’t suit everybody. It could be that the number of instruments presented doesn’t offer an overall quality of service, or the profit split isn’t attractive enough.

When selecting trading platforms, it’s wise to look further than the market-interesting parameters on offer. Capital provision, profit splits, and risk management should be flanked by fees, evaluation processes, minimum trading days, and strategies allowed. Other factors to consider will include how realistic their expectations are or whether they have multi-level marketing structures.

When trading using a funded account, your strategies have to base on the prop firm’s rules and requirements. A solid framework is essential to secure your profits than a sub-par offering, and Audacity Capital benefits you beyond the considerable capital to trade.

The FTMO challenges are unrealistically taxing for 95% of traders seeking funds, even if they have exceptional trade historical performances. Besides that, other attributes which make Audacity capital the best FTMO alternative prop trading provider include;

If you are a consistent trader, you’ll benefit from the significant capital injection from Audacity Capital without undergoing insane challenges. While our vetting process is aimed at selecting experienced traders, you’ll use real money from day one. There are no demo accounts or evaluation periods, and you have higher leverage and more extended trading periods than at FTMO.

Audacity Capital is the prop firm that values consistency and experience, where your account grows as you progress. You’ll have many connections and access to funding investors and managers alongside an attractive profit-sharing scheme. Alongside growth, you’re guaranteed financial satisfaction in a firm that doesn’t promote or advocate trader conflicts.

Compared to FTMO, Audacity Capital’s fees are low, giving you the opportunity to make profits affordably. The prop firm also has you covered when it’s time to receive your payout and with no false promises. Besides that, this firm’s trading conditions are conducive, using institutional liquid providers instead of retail brokers.

You’re open to learning new strategies and gaining extensive trading expertise from interacting with other traders using our community app. Audacity Capital also provides educational webinars that help to improve your skills on the Forex marketplaces.

Created in 2012, Audacity Capital is spread across over 40 countries, providing improved risk management to local traders. You enjoy deeper liquidity and have access to improved results proven by various users, and your trading account is doubled once you’ve hit a 10% target. As one of the fastest-growing funded account trading companies, your payments are never delayed.

One of the apparent risks related to FTMO is paying their fees without guaranteeing to pass their challenge tests. The high rate of failure evidence’s that many traders see it as a risk not worth taking. On the other hand, Audacity capital encourages sustainability by allowing you to trade with your own money.

You have the chance to shape your Forex trading future with Audacity Capital’s funding and support for profitable traders. We offer access to real-time and money trading in a few steps after an effortless signup process for joining conveniently. You’ll have the results of your interview in less than 24 hours, after which you’ll sign contractual papers and have your trading account funded.

Alongside our prop firm funding, you’re allowed to use your funds and manage multiple accounts depending on your proficiency. Using a remote trade copier, you’ll connect all your accounts as slaves to the Audacity Capital master. That eliminates the burden of manual management, and you can run your trading platforms anywhere using our mobile apps.

Audacity Capital’s business model offers you the opportunity to participate in the upside of your trading successes while mitigating risks. We have no liability involved when you make losses and place your initial investment as collateral. Instead of making most of our profits on participation fees, we focus on grooming the necessary sustainable skills that apply to our funding program.

Step 1

You apply for the Program by filling up the form, we will ask some questions about your trading experience and strategy. you canapply here.

Step 2

We invite you for a face to face interview in our trading floor if you are based in London or phone interview to find out more about your trading experience.

Step 3

Within 24 h you’ll get the results if you are approved, we send you the contract to sort out the paper work, we send you account details , we credit for you the account, et Voila will be ready to start trading.

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