Passing 10k Prop Firm Challenge - Smart Prop Trader (2024)

FAQs

What percentage of people pass prop firm challenges? ›

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.

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.

Your first payout comes in 12 calendar days from the day you place your first position on your funded account, while the following payouts come bi-weekly. You enjoy a profit split of 85%, extendable up to 90% if you meet all the conditions of the evaluation phase.

You can receive your profits by creating an account on Wise. Whatever amount of profit you generate, that's what we split by 85/15.

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

They're given harsh targets, limited time, no support, and huge leverage – a perfect storm! It's not surprising that 95% of traders fail their challenges!

To pass this trading account challenge and secure the position of a prop-funded trader, it is crucial to have an in-depth understanding of the financial markets and the potential to make profitable trades while managing risks effectively.

Make the Smart Choice with us today! As a prop firm with no time limits, you have absolutely unlimited time to pass the verification phases as well as your fully funded trading account. With no time restrictions you can focus on taking the best trading set-ups even if they take days, weeks, years to trigger.

Approximately 1–20% of day traders actually profit from their endeavors. Exceptionally few day traders ever generate returns that are even close to worthwhile. This means that between 80 and 99 percent of them fail.

Day-Trader Salary

Whether they're trading for themselves or working for a trading shop and using the firm's money, day traders typically don't get paid a regular salary. Instead, their income is derived from their net profit.

What is the success rate of prop firm evaluation? ›

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.

Understanding the Prop Firm Challenge

This is because some sources have the failure rate of prop trading challenges at 90%. So for every 10 traders that buy a challenge, 9 will fail. That can be a lot of money for a prop firm.

There are several reasons why many traders may fail prop firm accounts, including: * Lack of experience: Some traders may not have enough experience or knowledge to effectively trade in a prop firm environment, where trading conditions and risk management requirements may be different from what they are used to.

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.