Forex Blog

Forex traders can now obtain live trading capital and fully funded trading accounts from third party providers. Thousands of traders are being funded every year from various capital providers. Any forex trader who is competent, skilled and profitable, but lacks the funds to trade live should investigate these funding companies. This article will provide lots of details on what programs are available to get funding. Traders can earn strong commissions, like 80%, to be paid for their trading skills.

Companies That Provide Live Trading Capital

Several companies provide live trading capital for forex traders. Here is a partial list:

Topstepfx, FTMO, the5ers, Blufx, Maverickfx, Fidelcrest, Audacity, Traders4traders, and Enfoid. We also found a handful of forex brokers who have capital referral programs. There are also private entities and individuals on places like Linkedin that advertise funding available for forex traders. Some of these capital providers have been in business over 5 years. You can supplement this list with some Google searches.

How Much Live Trading Capital is Available

Traders who quality are eligible to receive up to $1,000,000 or more USD in buying power, including leverage, from many of the available capital provider programs. Example, a funding company might offer a trader a $5,000 account with 100:1 leverage, which is $500,000 USD in buying power. Some companies will fund traders in Euros rather than US Dollars. Be sure to ask what leverage is being used from the providers. In 2019 over 1700 accounts were funded by just one provider, Topstepfx, per their website.

Fees For Obtaining Live Trading Capital

Capital providers charge one time up front fees or monthly fees. In some cases the fees are refundable out of the trading profits. Monthly fees range from $125 to $275 per month. One time up front fees range from $150-$1200. This is for access of between $200,000 and $1,000,000 USD of buying power. We should point out that some capital providers have fees that are 100% refundable.

We would question each provider if the trading platform they provide has institutional spreads or direct access spreads. Inquire if the brokerage platform they provide is also a profit center for their IB operation. Most funding providers likely also make money off of each trade as an introducing broker. Don’t pay for high spreads on top of the fees they charge.

How Traders Can Quality For Live Trading Capital

Each program has a demonstration or qualification period to obtain the funding. It can be a one or two step process. During the qualification period you must abide by the capital provider’s rules like profit targets, position size, daily and total loss or drawdown limits, maximum number of positions open and position size, etc. These rules and guidelines are in writing, so read them carefully. If you break the rules you might be liable for paying more fees to restart get more funding or restart the process. The demonstration period can very from one month to several months to hit the profit targets. All of the providers we found cover all trading losses up to the specified loss limits. Don’t be intimidated by the funding qualification process, under some programs you can qualify for funding in as little as one day.

How to get even more capital => Some capital providers will increase the amount of capital they make available to a trader for trading profitably. Some capital providers will double the amount of capital you can access for increasing your account balance by only 10%, which is a modest amount of profit. For example if you get a $5,000 trading account and you increase the account to $5,500 with positive trades, you will be able to access $5,000 more trading capital. We view this as generous.

More Criteria For Selecting A Live Trading Capital Provider

Profit splits range from 50/50 to 80/20, with the traders keeping 80%. Topstepfx allows traders to keep the first 100% of $5,000 in profits. 50% seems pretty low for a profit split, in our opinion. Profits can be withdrawn via bank wire and in some cases, Paypal. Transfer fees may apply to small withdrawals. Withdrawals are usually available at the end of the month.

All of the capital providers have drawdown limits. The drawdown is usually measured as the amount of loss of capital from the previous and most recent high balance. Drawdown limits can be weekly or monthly, and range from between 1% and 10% of the high balance, which is a very wide variation. Continue reading this article and we can show you a trading system that can be used that has very little drawdown on each trade entry. This system will minimize drawdown so the tighter drawdown rules can be met.

When selecting a live trading capital provider make sure they show you a list of the available pairs that you can trade with their brokerage platform. We recommend checking their offerings against the 28 most actively traded pairs, which are combinations of the 8 most frequently traded currencies. The USD, CAD, EUR, CHF, GBP, JPY, AUD and NZD are the 8 most frequently traded currencies.

Some capital providers only allow trading on 22 or 24 of these pairs, some providers allow the full 28 pairs. Some providers offer a choice of a lot of pairs to trade, but these pairs are outside the 8 most frequently traded currencies. These spreads on these pairs are very high and should not be traded inside of these programs.

Traders should inquire as to what trading platform is offered by the capital provider that you are evaluating. If all of your trading experience is on Metatrader 4, but the capital provider may not offer that platform. If you are seeking their capital might have to download the platform they offer for executing trades and managing the account, so make sure you ask this important question. Being experienced using a new platform is very important before applying for funding.

Some capital providers offer expensive training programs, costing thousands of dollars up front, before you can qualify for capital. We would avoid  these capital providers all together. Forexearlywarning can provide a complete training program, our 35 illustrated forex lessons, to teach you everything you need to know about our complete, profitable trading system.

Most of the capital providers we reviewed were offering 100:1 leverage. If you are used to trading at 50:1 or some other leverage rate, remember to keep this in mind as it will affect your margin balances on each trade.

Some capital providers do not let you hold trades over the weekend, or even overnight. This is not good at all. It makes it impossible to swing trade or do any trend based trading on the higher time frames. Avoid these types of restrictions, if possible.

Some capital providers offer a free trial, which is excellent.

Live Trading Capital Forex Traders

Trader Profile For Live Trading Capital

If you are a forex trader, and would like to have access to live trading capital, here are some characteristics we think you should have:

First of all you should have a rules based trading system, and you are able to consistently make positive pips when you use it, week after week. You must like your trading system and understand it well via demo trading or micro lot trading. You must be skilled at entering trades and managing trades with stops and scaling out lots. We advise using a complete trading system like the Forexearlywarning trading system. We offer thorough market analysis, more exact trade entry points across 28 pairs, and very little drawdown on trade entries. The low drawdown will comply with most capital programs. If you are a rookie trader with little experience, you should avoid all live trading capital programs, you are not ready yet.

Trading System To Use With Your Funded Forex Trading Account

If you are a trader who is seeking capital, and you need a profitable trading system with a low drawdown, check out the Forexearlywarning trading system. You can demo trade our trading system and get consistent trades prior to applying for a funded account..

Forexearlywarning provides daily trading plans for 28 pairs, and we focus on the higher time frames. The higher time frames will get you more pips and profits than scalping the same pairs over and over with indicators. Forexearlywarning also has reliable alert systems and an excellent trade entry management system,  The Forex Heatmap®. Do not use any trading system with ambiguous or random trade entries or rules for entry that are unclear.

Live Trading Capital For Forex Traders

An example trade signal for the GBP pairs on the heatmap is shown above, consistent, clear signals like this for trading are powerful and traders will have very little drawdown on trade entries, as to fully comply with the drawdown rules from most capital providers.

By offering 28 pairs, the Forexearlywarning trading system matches or exceeds the most and most liquid pairs to trade offered in most capital programs. The heatmap system will provide traders with much lower drawdown on trade entry points so almost any capital program can be used.  With the Forexearlywarning trading system, you can easily make 10% on your account balance on one swing trade based on the H4 time frame. This will qualify you for more capital on some of the capital providers programs.

Other advantages of using the Forexearlywarning trading system are that is can be easily demo traded. You must like your trading system and enjoy using it before you apply for any third party funded account.

Conclusions about live trading capital programs: A large amount of capital is available to forex traders to fund their live accounts, and we predict that even more capital will be available going forward. Any program that offers a fully funded forex trading account, that also covers your trading losses sound like a great offer. Traders who have no capital or just a small amount of capital, who are skilled at making positive trades, should evaluate these capital providers. Traders should remember that the trading rules vary between providers, so read each capital providers’ rules carefully, get everything in writing, like the fee structure and ongoing drawdown limits.

Our forex mobile app is ready for download.  This unique forex mobile app will send traders an immediate push notification when the forex market starts a new, consistent movement across any of the 8 currencies we follow. This includes the USD, CAD, EUR, GBP, CHF, JPY, AUD and NZD. A total of 28 pairs.

Market scans conducted every 5 minutes for the push notifications. It is the only app of its kind available to traders. All push alerts have a local date and time stamp. The app works on a large number of iOs and Android mobile devices, like Iphone, Ipad, Apple Watch and Samsung phones.

Forex traders can now be notified during almost any trading situation when strong, consistent moving is starting in the forex market across 8 currencies. Push alerts are sent for all possible situations, like price breakouts, news related movements, unexpected news, trend based trades, day trades, and swing trade entry points.

App Download And Set Up Instructions

Go to the App Store or Google Play. Download the “Pushed” app. Once installed, the app will be a yellow icon on your screen. Tap on the upper right icon. Search for “Forexearlywarning Market Scanner”. Make sure you are subscribed to the market scanner feed on the “subscriptions tab”. The subscriptions can be accessed on the upper left menu, which is three horizontal bars. The whole process to download and subscribe takes under 10 minutes.

App User Functionality and Tips

App users can compare the push alert notifications they receive to our desktop forex market scanner to make sure the app is functioning correctly. Expect about 20 push alerts per week. Our forex mobile app can be turned off for 24 hours using the do not disturb button.

App Customization With Your Phone settings – On most phones, additional customization is possible. Tap on the “settings” icon or “settings” menu in your phone. End users of the app can adjust the general settings on their phone so that the “do not disturb” settings can customized. This way, your phone will not vibrate or ring during those times of day that you designate.

Also, when you get a push alert, your phone should vibrate and ring. On most phones you can go into the “settings” menu again to customize the type of audio, ringtones, and/or vibration you get with each push alert. Audio can be also distributed to a remote speaker if app users enable the blue tooth feature. Consult the documentation for your phone to see what options are available. See the image below to preview the app to see how it will look on your phone.

Forex Mobile App

App users can also unsubscribe and all push alerts will stop, if you like.  Traders can review Lesson 16 in our 35  forex lessons for a description of all of our alert systems. App users can add the mobile app alerts to their customized set of market alerts. The app performance is not guaranteed, but we suspect it will have excellent up time. Any server outage might temporarily affect the app. More user tips can be found on the pushed website.

When You Get A Push Alert

Our forex mobile app will alert traders when to check the market conditions. When you get a push alert, login to the Forexearlywarning.com website and check the market conditions to see if the conditions are right for a trade.  Check the signals from The Forex Heatmap® , the trends on the higher time frames, and support and resistance levels, depending on the direction of the trade. Our trading plans will also be of great help in considering any trade, because you will know what pairs are in identified to be in clear trends.

Example: Look at the  push alerts in the image above. If the app send a push alert that indicates CHF (Swiss Franc) weakness,  as a trader you know that pairs like the CHF/JPY might be dropping or the EUR/CHF and USD/CHF might be rising. Also, since the NZD strength push alert was also sent, the NZD/CHF might be moving up strong and also be a buy candidate. Then check the heatmap signals and market trends on these pairs to verify your trade entry. This mobile app sends push notifications for 8 different currencies, in two directions, for a total of 28 pairs.

A Unique Forex Mobile App

When searching the web for a unique forex mobile app, traders find that almost all of the apps they see are built by brokers. So the app features might include a quote screen, some basic charts, and a buy and sell button for trade execution. This is fine, but if you don’t know what pair to trade and in which direction you will wind up with a losing trade. Executing trades from a mobile phone is worthless unless you know what pair to trade and in which direction. Our app is the best forex mobile app for traders because it directs traders where to look for pairs that are starting new and consistent movements. Our forex mobile app will be widely recognized as one of the top apps available to forex traders.

Forexearlywarning has a real time forex scanner that scans the market and signals from The Forex Heatmap® every 5 minutes for new movements. The scanner works continuously at 5 minute intervals during all forex market hours. The scanner uses currency strength to screen 8 currencies, 28 pairs, for new and consistent movement cycles. When a new currency movement is detected in the market, the scanner gives the end user a flashing desktop notification in your web browser.

When the scanner alerts start flashing on your desktop, you can check the market condition and decide if the buy or sell trade is warranted. The built-in flashing desktop alert system is visible in your web browser.  Use of the real time scanner will result in currency traders being able to catch new movements backed by consistent currency strength or weakness. This forex scanner system requires no programming and is ready use after you login to our website.

Forex Scanner

Here is what the forex scanner tool looks like. This forex screener/analyzer software has a simple display and user interface, and price movement creates the scanner signals. When the scanner finds a new, consistent movement starting, it produces a flashing desktop browser tab notification like the image shown below. The browser tab notifications work on your web browser and produce a flashing red signal when new, consistent currency strength or weakness is found. Each scan signal is documented with a time and date stamp.

Forex Scanner Browser Tab Notification

Example Use of The Forex Scanner

In the example above, consistent Australian Dollar (AUD) weakness was detected at 620 GMT. The AUD pairs had consistent weakness after that for about 12 hours from the Asian session into the main session. Pairs like the AUD/CHF and EUR/AUD both moved on this basis with similar chart characteristics.

EUR/AUD Price Movement

When the scanner first detected the AUD weakness  movement starting, the percentages on The Forex Heatmap® were low at 0.20%, but consistent, at the beginning of the movement. Then the AUD weakness  continued through both forex session times  and into the main trading session before the movement was finally exhausted. This type of movement allows traders to enter the trade, set stops to break even, and scale out any profitable lots. Traders can then continue to monitor the trade for more upside if they are trading in the direction of the major trends.

Australian Dollar Weakness

Why Would A Trader Use A Forex Scanner

Most forex traders are lost. They trade the same pairs over and over, scalping on the smaller time frames with technical indicators. If a trader could have a tool like a forex scanner to scan 28 currency pairs and point them to the best opportunities in the market with timely real-time notifications, the success rate would rise. They would be able to use this tool daily and have a chance to make substantially more pips.

We have seen several forex market scanners or market analyzers, and we believe that this is the best forex scanner available. This is because this scanner is based on parallel and inverse analysis and currency strength trading principles, which are proven, tried and true. Forex traders now know this, and they also know that technical indicators are ineffective. Our forex scanner software is built in to our website and runs all of the time during forex market hours. The Forex Heatmap® also has fully redundant backup systems. There is absolutely no programming needed by the end user.

Our forex scanner tool works for 8 currencies, 28 pairs total.  It scans the USD, CAD, EUR, CHF, GBP, JPY, AUD and NZD pairs for new movements. These are the 8 most actively traded and most liquid currencies..

Besides a Forex Market Scanner, What Other Tools Do Traders Need

Along with a real time forex scanner, traders need a simple set of trend indicators so they can know the direction of the major trends on the pair they are considering trading. Traders also need one or more alert systems to complete their trading system. We offer all of these tools at Forexearlywarning, along with the forex market scanner.

If you are a forex trader and are looking for a real time forex market scanner that points you towards new movements in the market, the scanner/heatmap combination should work well. Precision trading and real time scanning of the forex market is now possible. Check out our forex market scanner tool as part of your Forexearlywarning.com subscription.