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Funded trading accounts have grown very popular in recent years. Nowadays, success-oriented traders pursue their trading careers with an account funded by one of the leading prop firms. With the risk covered by the company, trading on a funded account is the most advanced way to trade in modern markets.
Fundedaccountreview.com aims to make the search for a funded account easier for all serious traders who want to accelerate their trading careers. Fundedaccountreview.com has selected and highlighted the eight top prop firms.
XLTRADE is the hidden gem in the funding industry and deserves absolute top-rating for its sophisticated funding concepts and superb support. XLTRADE does not utilize their funded traders for promotion as, in their opinion, the trading success of one trader is not transferable to another trader. What sticks out is that a trader gets a real live trading account at funded status. Thus, the account reflects prevailing market conditions where a trader can hold positions and trade on news events. Open positions can be maintained over the weekend.
Another feature that lets XLTRADE stick out from the crowd is its funding concepts that don't impose any restrictions on a trader's strategy and upside development. Being backed by sophisticated investors, XLTRADE provides the highest funding volume in the industry. If a trader trades consistently profitable at USD One Million Dollars, a trader will become an ELITE XLTRADER with no limits to the upside. With its unlimited potential, a generous 90% Profit Share and a Weekly Profit Payout, XLTRADE sets the benchmark in modern trading.
Starting in 2015, FTMO very early has realized the increasing demand for funded accounts in the trader community and has built a very good reputation in the funding industry. FTMO definitely can be top-rated as a highly reliable funding provider with a very professional service. The profit payout is timely and reliable.
The disadvantage however is their limited potential of development to the upside with capital limited at USD/EUR 400k. The capital cap quickly imposes limits on career-oriented traders. The second drawback that cannot be hidden is that funded accounts at FTMO are demo accounts from where trades are copied into the company's live trading accounts. Demo accounts never totally reflect prevailing market conditions. Thus, traders need to place their trades a bit in the dark. For that particular reason, FTMO does not allow trading prior to, during and after important news events.
A trader just can sit and wait unable to act or close all open positions prior to such an event.
For the same reason, FTMO does not allow to maintain open positions over the weekend.
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