Pros and Cons of a Funded Account
- One of the main benefits of funded accounts is the opportunity to trade using large sums of money. Equity in fully funded trading accounts may be increased up to $250,000. This is also a solution for a mandatory capital requirements for day traders in some stock markets
- An accelerated size growth is often used for funded accounts. It means that a trader gets an account with an initial fund, and the company will then increase it each time a trader shows positive results when trading. In this way, one of the most profitable account growth schemes is applying for funded accounts. When trading with support from firms, a trader may have access to institutional-grade software, that is also used by professional traders.
- A disadvantage of funded accounts may be the growing dependence on the company that is offering the account. The company has to oversee a trader’s activity every stage of trading. The company may also fix its fee, which is typically expressed in a percentage of the total profit This interest can vary depending on the trader’s expertise and profit.
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