Are Instant Funding Prop Firms Legit?

Are Instant Funding Prop Firms Legit?

Let’s do a deep dive itno Prop Firms offering Instant Funding.

Updated on: 2022-06-09

Instant funding prop firms are an excellent opportunity for experienced traders to increase their capital while learning new abilities in their feed. Prop firms are a financial business or commercial bank that invests for direct market gain rather than generating commission money by trading on behalf of customers: this is known as proprietary trading.

This form of trading activity, sometimes known as “prop trading,” happens when a financial business decides to benefit from market activities instead of thin-margin fees earned from client trading activity. Stocks, bonds, commodities, currencies, and other items may be traded in proprietary trading.

Learning how to judge a Prop Trading Firm.

Here at Funded Trader we have been researching, testing, reviewing, and comparing the majority of Prop Firms available to the retail traders for quite a few years now, since 2017 as a matter of fact, and everyday new and better opportunities arise.

Topstep is most definitely a pioneer amongst these companies, having started all the way back in 2012! And they have established themselves as the standard to follow.

Since 2018 that the sector started growing really fast, and today we feature in our Fundsfinder about 20 different Prop Firms for almost 100 different evaluation programs: some are trading challenges in SIM, but some others provide a funded account right away! We call this: Instant Funding!

Here is a short tutorial for you.

Find the best trading challenge for you.

Start from a single rule using the Filters, and

Compare them side by side,

even amongst different prop firms.

LOOK AT THE URL CAREFULLY

Many people do not pay attention to the site’s address that is written in the address bar in the browser. That is a huge mistake. The address bar contains a lot of important information about where you are and how safe you are. Therefore, make it a habit to look at the address whenever you visit a new site or page.

CHECK THE CONNECTION SECURITY INDICATORS

Several connection indicators in the address bar tell you if the link you have to the site is private, as it is possible that someone is tracking (and stealing) the information you share with the site.

The Internet is made on HTTP, i.e., hypertext transfer protocol. Unfortunately, that protocol is unsafe. HTTP communication can be intercepted, modified, and/or stolen. SSL (Secure Sockets Layer) was designed as a solution to this problem when it was later replaced by TLS (Transport Layer Security), but colloquially both are called SSL

SEE CERTIFICATE DETAILS

If the site has a padlock icon, you can conclude that the connection is secure. This means that a third party cannot monitor and steal information. However, that does not mean that you are safe. That is because you still don’t know who is at the other end, whom you communicate with.

PAY ATTENTION TO SPELLING AND GRAMMAR

Good companies take care of everything on their websites. Make sure the pictures look good and correct the grammar and spelling. If you are on a website where there are a lot of spelling and grammar mistakes or if it seems to you that the one who wrote is not from that speaking area at all, you should be careful, especially if there are those mistakes on essential pages. Everyone makes mistakes from time to time, even the most prominent companies. However, if these mistakes are gross and numerous, caution is required.

SEE PAGE “CONTACT US”

This is a significant page that can help you understand what kind of site it is. It is important how much information there is, whether there is an address, phone number and whether they belong to a given company. The more information provided, the more security it provides (provided the information is accurate). If there is only an email address in that part, or worse, if there is no contact information – run away!

TOO MUCH ADVERTISING

Advertisements are our reality. Wherever you go, you can’t avoid them. But if the site looks more like advertising space than a site, be careful. You’re probably on a fake site if you have to make a few clicks to break through persistent pop-ups and redirect to the page you want.

CHECK THE DIGITAL IMPRESSION OF THE SITE

The wonderful thing about the Internet is that nothing exists in a vacuum. It is very likely that people had good or bad experiences with a certain company and wrote a few words about it somewhere in cyberspace. With a little effort and searching the Internet, you can most likely find out if a site is fake. Search for reviews on Google (“site name + reviews”). Check with the BBB (Better Business Bureau). Just try a little harder. You can’t always find out if something is good on the Internet, but you can find out if something is fake.

Give us a chance to help you.

You can skip all of the steps above and just open our website and check all of the legit instant funding prop firms. It may be tough to decide which one is ideal for you and your trading career. We look into a lot of instant funding prop businesses on our website www.funded-trader.com and work out all the intricacies so you don’t have to. You will also find a lot of trading challenges from different instant funding prop fund firms. All of the instant funding prop firms that you will find on our website are tested and legit.

Do you think you are an experienced trader and have been trading for a long time? If yes, then you can easily find the best instant funding prop firms on our website. We study them in detail and describe everything that each company offers and what the profit will be.

To see all instant funding prop companies go to our website and use the filter: “Instant funding.” You will see all companies that offer instant funding. Below we will describe some of the best instant funding companies we have tried and are sure to succeed. We will also write all the benefits of each company. For example, some companies offer higher profits while others offer higher initial capital. We will start with AudaCity first because it is our favorite instant funding prop company that provides many benefits and is legit.

Give us a chance to help you.

You can skip all of the steps above and just open our website and check all of the legit instant funding prop firms. It may be tough to decide which one is ideal for you and your trading career. We look into a lot of instant funding prop businesses on our website www.funded-trader.com and work out all the intricacies so you don’t have to. You will also find a lot of trading challenges from different instant funding prop fund firms. All of the instant funding prop firms that you will find on our website are tested and legit.

Do you think you are an experienced trader and have been trading for a long time? If yes, then you can easily find the best instant funding prop firms on our website. We study them in detail and describe everything that each company offers and what the profit will be. To see all instant funding prop companies go to our website and use the filter: “Instant trading.” You will see all companies that offer instant funding. Below we will describe some of the best instant funding companies we have tried and are sure to succeed. We will also write all the benefits of each company. For example, some companies offer higher profits while others offer higher initial capital. We will start with AudaCity first because it is our favorite instant funding prop company that provides many benefits and is legit.

AudaCity Capital.

AudaCity Capital is a London-based prop business to empower traders. They provide financing accounts for up to $480,000.

Since its inception in 2012, the firm has sponsored over 4500+ traders and offers many appealing features. AudaCity capital has the best profit split of 50/50, the highest of any instant funding prop firm.

We strongly recommend this firm since it is very quick to respond to all requests and the customer support is professional and knowledgeable. Also, to get started, you will just have to complete three simple steps, and you will get the account to trade with. AudaCity is not just an online instant funding prop firm. However, they also have a trading floor in London, so if you look to work somewhere in person, this is the right place.

A lot of experienced and highest in the league traders can be found there from which you can learn a lot and expand your knowledge about trading. AudaCity Capital has an excellent score on TrustPilot. This company is even better and more appealing to traders since it is not a scam. 

City Traders Imperium 

City Traders Imperium is a London-based prop business that provides FX traders with funding starting from $20,000 to $70,000 and scaling up to $2,000,000 in the capital. Daniel Martin and Martin Najat, two traders, launched the company after realizing that most UK-based prop firms were merely selling a pipe dream alongside education. There was a large vacuum in the market for a credible funding source.

City Traders Imperium has one of the best education programs, and that is why this prop firm is rated as one of the best. They have accounts that start at $20,000 and go up to $70,000. They, like most businesses, face fundraising challenges, but when you buy an account, you get one-quarter of the cash right now! Instant financing is a terrific method to get started because it eliminates the need for a demo account.

The5%ers

The5%ers is very different from other instant funding prop firms since it requires no trading skills and background, which means that a beginner can also start forex trading at The5%ers.

In addition, the the5%ers can give you financing up to $1.2 million to get you started in your forex trading career. The5ers funded a forex trader program is a fantastic option for practically everyone, from beginners with minimal expertise to seasoned swing traders with little funds.

All you have to do now is demonstrate that you can trade well, stick to your trading strategy, and be consistent. If you succeed, you will have no restrictions and will be able to go all the way to the top.

Maverick Trading.

Maverick Trading is one of the oldest funding prop firms ever created. It was established in 1997 By the CEO Darren M. Fischer.

This firm recruits new traders without any experience and creates successful traders out of them. Over 250 hours of video material are provided to learn and be the best trader.

There are six levels of traders in Maverick Trading. Levels one to two are called Associate Traders, three to four are called Master Traders, and five to six are Elite traders. Associate Traders get the capital of $25,000 to $40,000 to trade at a 70% payout from the profit. In comparison, Master Traders get $75,000 to $100,000 and a 75% payout from the profit.

The most capital is given to the Elite Traders, who are getting between $400,000 and $800,000 to trade with, and the payout is 80% of the profit. Including that you receive free tutoring on becoming a successful trader, we think that this firm is very nice for beginners looking to trade with more considerable capital without the risk of losing anything.

When will future trading be funded by instant fund prop firms?

The answer to this question is that fund prop firms will never introduce the funding to future trading since it would require $105 per month for a family of instruments. We think that would be very expensive, which is why fund prop firms are not going to implement it.

If you don’t know what Futures Trading is, we will try to explain it to you in a few sentences:

Future trading is the duty of the buyer and seller to follow through on their agreement and execute the transaction on a defined date and price. The delivery date is the specified time in futures trading, and the fixed price is the futures price. Like an options transaction, a futures contract involves both a buyer and a seller. When a futures contract expires, the buyer is bound to acquire and receive the underlying asset. The seller of the futures contract is committed to furnishing and delivering the underlying item, unlike options, which can become worthless upon expiry.

When will instant fund prop firms introduce crypto funding?”

This question is tough to answer since the crypto market is still young and new to most traders. The Crypto market is still fresh. We could expect fund prop firms to introduce crypto trading in their day-to-day trading. We have no exact time frame when that will be implemented. As we all know, the crypto market is very volatile, and it is tough to trade with a small risk of losing a large quantity of money.

What is crypto?

A cryptocurrency is a digital or virtual currency protected by encryption, making counterfeiting and double-spending practically impossible. Many cryptocurrencies use blockchain technology, a distributed ledger enforced by a global network of computers. Cryptocurrencies are distinguished because they are not issued by any central authority, making them potentially impervious to government intervention or manipulation.

Cryptocurrencies are mined or bought on cryptocurrency exchanges. Unfortunately, not all e-commerce sites accept cryptocurrency payments. As a result, even famous cryptocurrencies like Bitcoin are rarely utilized for retail purchases. However, cryptocurrencies’ rising value has made them attractive as trading instruments. They are also used for cross-border transfers to a limited degree.

We are assured that you learned something new. Also, we hope you enjoyed reading our article and finding out how to spot non-legit firms.

CLOSE
CLOSE