There are plenty of reasons to take a funded futures trader evaluation. I’m living proof that the programs work! I’ve passed multiple evaluations with multiple companies. Every single company listed on my site is verified by me as being legitimate, and they pay their traders. Read below for my top reasons on why you should consider trying out for a funded futures trader account.
Before we go any further, my top rated and recommended trader evaluation company is Apex Trader Funding.
You can read my full Review of Apex Trader Funding here.
I keep a current list of deals and sales on my Funded Trader Evaluation Deals Page. You will find Apex Trader Funding coupons and Apex Trader Funding promos there if they are running any.
Reason 1: Low Cost To Try Out – Big Upside When Passing
It is relatively cheap to try out for any of the funded futures trader evaluation companies. First you pick your account size, and your options are usually anywhere from a $25K to $300K account. Larger accounts cost more to try out for, but also come with more contracts available and income potential.
To put it in perspective, say you trade the Apex Trader Funding $300K account (I’ve passed it twice, yes you can have multiple accounts). You are allowed up to 35 contracts. For a few hundred dollars for try out you could be trading 35 lots, where as if you had to put up your own money in an account, you’d be the one having to put up $300K to do so.
Reason 2: Tryout From Anywhere Worldwide
It can be quite difficult to open a brokerage account in some countries. Even in Canada my home turf, there are very few futures trading brokerages available, and the margins are ridiculously high. Instead, sign up for an evaluation, pass, get funded and trade another companies capital. It’s an easy way to get into the futures trading markets in countries that don’t make it easy.
Reason 3: Easier Than Opening a Futures Brokerage Account
Even if your country does have a nice selection of futures trading brokerages, opening an account takes a decent amount of time (weeks) and usually comes with having to prove you have the financial ability to trade futures. In the same amount of time you could easily pass a trader evaluation, get your funded account and be up and running without having to prove your net worth.
Reason 4: Trade Account Sizes Larger Than You Ever Could
You aren’t limited to trading just 1 account. Most firms allow you to have multiple accounts and/or you can open accounts with several firms. A great example is myself! I’ve passed evaluations with over 5 companies, and as of the time of writing this the aggregate amount of my accounts is over $1 million. Believe me, I wouldn’t be putting up $1 million of my own capital to trade futures, but because of the opportunities the funded futures trader evaluation companies offer I am able to do so.
Reason 5: They Really Aren’t Difficult If You Are A Good Trader
The rules to pass any of the trader evaluation companies are very basic. You’ll have a profit goal to reach, a maximum number of contracts you are allowed to trade, and some form of a draw down you can’t go below. Sometimes it’s a daily loss limit, sometimes it’s a trailing draw down. If you are a great trader, you should be able to pass and get funded like I am!
Be sure to read my Funded Futures Trader Reviews and see which company is best for you!
As well these companies often run discounts and deals, and I stay on top of all of them! Visit my Trader Evaluation Promos and Deals page for the latest.
Summary
These are just my Top 5 reasons to try out for a funded futures trader evaluation company. There are plenty of reasons beyond these. If you hang around my site and YouTube channel long enough you’ll quickly learn I’m a huge fan of these programs. Trade someone else’s capital for a minimal investment, demonstrate you are capable, and open yourself to profitability.
Be Notified Of New Trader Evaluation Promotions
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Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
Affiliate Disclosure:
The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.
Additional Disclosure:
The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.