Proprietary trading has grown in popularity over recent years, primarily due to the ease of access to the financial markets that online trading brokers and prop firms have provided to aspiring prop traders across the globe. Whatever your prior trading experience, a prop trading firm can give you the chance to trade their capital for a large share of the profits. If you plan on holding position for at least a few days, then you might want to consider a prop firm for swing trading.
Prop Firms for Swing Trading
Our Top Prop Firms for Swing Trading
FTMO Review
DNA Funded Review
Fintokei Review
The 5%ers Review
City Traders Imperium Review
Prop Firms for Swing Trading
Comparison Table of Swing Trading Prop Firms
Prop Firms for Swing Trading
FTMO
You need to pass the 2-step assessment exam that all FTMO traders must complete if you’re interested in swing trading with one of the top prop trading firms out there. Once finished, you may select the FTMO Account Swing and benefit from its benefits.
The benefits include, but are not limited to, the freedom to trade during news events or new releases and the ability to trade in any manner. Although the swing account has less leverage than the ordinary one (1:30 as opposed to 1:100 on the regular account), swing traders shouldn’t find this to be a major inconvenience.
This is due to the fact that swing traders’ stop losses are already large and that the majority of transactions have high risk-to-reward ratios to offset the few trades and greater capital required.
A standard account will cost you between €155 (refundable) for a trading balance of $10,000 and €1,080 for $200,000 in fees. During the assessment period, you require a minimum of 10 trading days overall, an 80% profit share that may increase to 90%, and monthly payouts.
A free trial is offered to assist you if you are having trouble deciding. Swing traders may find it challenging since they place trades less frequently due to the 10 minimum trading days, but many are finding ways to make it work, so give it a shot if you believe you can.
FTMO Editor choice
Prop Firms for Swing Trading
The 5%ers
The 5%ers were formerly one of the few forex prop businesses to supply funding for swing traders. The platform’s ability to hold currency and gold deals overnight, over the weekend, as well as trade news events will please swing traders. You may also utilise any algorithms that you may have access to or have built. The5%ers will double your money up to $4 million if you simply maintain meeting the profit objectives (10%).
The instant funding model offers two risk levels: low risk (1:10 leverage, required stop losses, 180 days to reach profit objective) and aggressive (1:30 leverage, no needed stop losses, 60 days to reach profit target).
Each of them starts with a €235 non-refundable cost for $6,000 in immediate investment, which increases by 4 times after you hit your profit goals within the allotted time. For $20,000 in quick funding that is equally 4x-ed, the maximum funding plan costs you €745. At 50%, the payment split is on the modest side.
You can select the boot camp model for a larger payout percentage (up to 100%). You must successfully complete a three-stage challenge with a 6% profit objective and a 5% maximum loss in less than a year. Only 1:10 leverage is permitted.
To participate in this challenge, you must pay a non-refundable fee of €85. If you pass the evaluation, you must pay an additional fee of €215 to have access to a funded account with a starting balance of $100,000 and a maximum of $4 million.
The 5%ers
Prop Firms for Swing Trading
The Funded Trader
Each trader who wants to begin trading with The Funded Trader must succeed in their trading challenge, which is a 2-phaser that is accepted throughout the industry. Once you complete the challenge, the price you paid will be returned.
With a $50,000 trading balance, you may select between the basic challenge, which costs $315, the quick challenge, which costs $299, and the royal challenge, which has less trading limits and costs $289 for $50,000.
Weekend holding is permitted while using a swing trading account, but not with a normal account. Nonetheless, you must choose the strategy that suits you the most. Swing traders should be relieved that the quick challenge’s leverage is lower—30x as opposed to 60x in the conventional challenge—and that there are no minimum trading days.
The royal challenge offers 200x leverage and a minimum of 5 trading days; this plan is mostly for traders who depend on professional advise trading and are more self-assured in their abilities. The profit share can be increased from 80% to 90% if the trading challenge is over and profit goals are met.
If you are a swing trader using The Funded Trader for your trading requirements, you may want to consider the quick challenge since it does not have a limit on the number of trading days. By taking your trades with sufficient forethought, you will basically increase your chances of making money.
The Funded Trader
Prop Firms for Swing Trading
SurgeTrader
SurgeTrader have a one-time, non-refundable “audition charge” of $250 for their Starter plan ($25,000 trading balance) and up to $6,500 for their Master plan ($1,000,000 trading balance) which is the first stage in SurgeTrader’s one-step challenge that needs you to “audition” for them. The profit goals for each of these strategies are set at 10%, the daily maximum drawdown is 4%, and the trailing maximum drawdown is 5%.
There is no minimum number of trading days, no 30-day assessment period, and no limit number of individual trades done, even if the maximum daily drawdown may not be useful for swing traders. As long as you don’t break any of the daily or trailing stop loss criteria, you can place trades whenever you like. On Friday at 3:55 p.m. EST, all open positions must be closed, which is not ideal for swing traders.
The 75% profit share is competitive with many other businesses. The platform also offers its users a blog that is often updated, webinars for traders at various levels of experience, and discussion forums where traders may debate the advantages and disadvantages of one another’s trading approaches.
They have a rather complicated scaling strategy, so be sure you fully get it before committing. You choose the account size you are auditioning for before you start your audition. You are given the option to either access the funded account and begin collecting your earnings after meeting the requisite 10% profit objective, or to continue auditioning and strive towards the next higher funding amount by meeting another 10% profit.
There is no option to scale after you have access to the financed account, which is something that appears to have been forgotten.
Prop Firms for Swing Trading
City Traders Imperium
The City Traders Imperium is presenting a challenge with a maximum period of 6 months for their regular evaluation and 1 year for their classic evaluation test, which removes trading limits but offers you only a 5% margin of error when it comes to drawdown.
You have the option to go through the traditional assessment (1-year evaluation period), with prices ranging from £109 for a trading balance of $2,500 to £649 for a balance of $17,500. As soon as you pass the assessment, which calls for a minimum of 30 active trading days and abiding by all other trading restrictions, these balances are multiplied by four.
A greater profit objective is available if you choose the regular evaluation (6-month evaluation term), which starts at £119 for a $2,500 evaluation trading balance.
| Objectives | Phase I | Phase II |
|---|---|---|
| Max Time Limit | 45 Days | 45 Days |
| Min Active Trading Days | 10 Days | 10 Days |
| Max Daily Drawdown | $4,000 | $4,000 |
| Max Absolute Drawdown | $10,000 | $10,000 |
| The Profit Target | $10,000 | $5,000 |
| Free Retake | – | Yes |
| Refund | – | Yes |
The platform charges non-refundable fees generally, however if you fail an exam, you receive a 5% discount on your subsequent evaluation. You receive a 10% discount on the subsequent assessment exam you take if you perform poorly on the portfolio manager or direct funded account tests.
In each of these situations, the smallest account simply lets you trade foreign exchange and gold. Indexes are added starting with the second one. Also, all City Traders Imperium accounts have a leverage cap of 1:10, which benefits swing traders.
The Direct Funding programme, which costs £999 for a $20,000 trade balance and up to £3,099 for $70,000 in direct financing, can be what you need if you want to forego the evaluation entirely and just get started with direct funding.
The company believes in training its traders by providing a tremendous amount of assistance and instruction, and their scaling plan doubles your account for every 10% profit objective attained.
Swing traders really benefit from being able to trade during news releases and maintain positions over the weekend, for example. The profit splits begin quite modestly at 50% but can increase to 100% with regular wins.
City Traders Imperium
Prop Firms for Swing Trading
What Is Swing Trading?
In swing trading, a tradable asset is held for one or more days in an effort to benefit from price fluctuations, or “swings,” in the financial markets. Generally speaking, a swing trading position is kept for a shorter period of time than a day trading position, but longer than buy and hold investing techniques, which can be held for months or even years. Either purchasing the asset or short selling it might be done to seek profits. Financial analysts have been proven to use momentum signals (such as the 52-week high/low) when making buy and sell recommendations that may be employed in swing trading.
Prop Firms for Swing Trading
Swing Trading Strategies
Swing traders frequently use a set of statistically based objective criteria for buying and selling to remove subjectivity, emotional factors, and labour-intensive analysis from swing trading. The trading rules can be used to develop a trading algorithm or “trading system” that generates buy and sell signals based on technical analysis or fundamental analysis.
The main issue for any swing trading systems is figuring out when to enter and when to leave a transaction. Swing traders can still benefit even if they don’t purchase at the absolute bottom of price fluctuations and sell at the very top. Over time, little, regular profits that follow tight money management guidelines can compound. It is commonly accepted that not every instrument or market circumstance is suitable for mathematical models and algorithms.
Prop Firms for Swing Trading
Types of Swing Traders
The two main kinds of prop traders are day traders and swing traders. They are briefly described as follows:
Day Trader
The day trader seeks to capture minor price fluctuations throughout a single trading session. uses brief time periods for trading and seeks to close off positions before the session is over. Good traders generally make a lot of little profits over time. often requires a lot of time and effort. Just technical analysis is typically used because short-term trading does not benefit from fundamental analysis.
Swing Trader
The swing trader maintains positions for days or even weeks in the hopes of catching a significant movement. A limited number of large gains are often seen by successful swing traders. is less stressful than other options because it doesn’t call for regular exchanges. Although fundamental analysis may be used, swing traders prefer to employ technical analysis, especially if they wish to identify a long-term trend.
Prop Firms for Swing Trading
Final Thoughts
Prop trading firms may be attractive to a variety of traders. However, because of the low trading frequency, they are particularly appealing to swing traders who place a premium on the amount of each trade’s profit. That being said, swing trading may become challenging or even impossible due to restrictions and limits put in place by prop firms. When seeking to join a prop business as a prop trader, you need to review the terms and conditions of the prop firm to ensure that your trading strategy will not breach any rules.
