Proprietary Trading Firms with $1M Accounts: An Overview
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Proprietary trading firms have been growing in popularity with traders looking for a chance to trade with a large amount of capital. While there are various firms offering different amounts of capital, in this article, we will focus on the top proprietary trading firms that offer $1M accounts. We will take a look at the evaluation account rules and highlight any discounts that may be available.
SurgeTrader
SurgeTrader is a proprietary trading firm that offers a one-step evaluation account for $1M with a fee of $6,500. The evaluation account rules include a profit target of 10%, daily loss limit of 5%, and maximum trailing drawdown of 6%. There is no minimum trading days requirement or trading period limit. The leverage offered is up to 1:10, which can be upgraded to 1:20.
If you’re interested in SurgeTrader, the firm offers an active discount code of FPREVIEWS10OFF, which gives you a 10% discount.
Fidelcrest
Fidelcrest is another proprietary trading firm that offers a two-step evaluation account for $1M with a fee of €2,999. The evaluation account rules include a Phase 1 profit target of 10%, Phase 2 profit target of 10%, maximum daily loss of 5%, and maximum loss of 10%. There is no minimum trading days requirement for Phase 1 or Phase 2, which have a trading period of 60 calendar days each. The leverage offered is 1:100.
If you’re interested in Fidelcrest, the firm offers an active discount code of FPR-15, which gives you a 15% discount.
Ment Funding
Ment Funding is a proprietary trading firm that offers a one-step evaluation account for $1M with a fee of $7,500. The evaluation account rules include a profit target of 10%, daily maximum loss of 5%, and overall drawdown of 6%. There is no minimum trading days requirement or trading period limit. The leverage offered is up to 1:10, which can be upgraded to 1:20.
Funded Academy
Funded Academy is a proprietary trading firm that offers a one-step evaluation account for $1M with a fee of $7,100. The evaluation account rules include a profit target of 10%, daily drawdown of 4%, and total drawdown of 5%. There is no minimum trading days requirement or trading period limit. The leverage offered is up to 1:10, which can be upgraded to 1:20.
If you’re interested in Funded Academy, the firm offers a cashback option of 15% for those who purchase a challenge through their affiliate link.
Lux Trading Firm
Lux Trading Firm is a proprietary trading firm that offers a one-step evaluation account for $1M with a fee of £1,499. The evaluation account rules include a profit target of 15%, total drawdown of 5% (4% once funded), minimum trading days of 29 calendar days (15 calendar days for swing traders), and no trading period limit. The leverage offered is up to 1:10.
If you’re interested in Lux Trading Firm, the firm offers an active discount code of forexpropreviews, which gives you a 5% discount.
Conclusion
In conclusion, there are several proprietary trading firms that offer $1M accounts. Each firm has its own evaluation account rules, fees, and discounts. SurgeTrader, Fidelcrest, Ment Funding, Funded Academy, and Lux Trading Firm are among the top proprietary trading firms that offer $1M accounts. It’s up to you to choose the firm that best suits your trading style and preferences.
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