Funded Trading Pros and Cons
Pros
- One of the biggest benefits by far is that funded traders are free to use the funds allotted to their account largely as they please
- By becoming a funded trader, you gain access to more immediate capital to make bigger moves on the stock market than you would otherwise
- You’re somewhat protected as a funded trader since you aren’t using your own money to make trades
- It’s very difficult to become a professional or sole trader, especially when it comes to acquiring licensure and passing certification programs. By becoming a funded trader, you get the certifications and licenses necessary to start trading immediately
- Most funded trading programs give you extra freedom to trade wherever you have access to the Internet rather than requiring you to work from an office
Cons
- Despite being nominally free to use their funds as they deem fit, funded traders do have to abide by certain rules or regulations on behalf of their sponsoring company. These can include daily loss limits, maximum position sizes, and more
- Of course, it also takes time to become a funded trader, especially if you don’t already have the expertise or knowledge necessary to take a program immediately
- Certain trading companies impose huge fees on their funded traders, meaning your profits may be lower than you expect for the first couple of years
Not satisfied? 😀 Try the Licensed Prop Firm with fair conditions FinoTrader.com! 👍
Trade our FinoTrader capital from $25k to $500k! 📈
