For newcomers into the trading space, traditional brokerages can seem like the only way to start trading. However, this method comes with significant risk, 100% of the losses are taken on by the trader. Trading with personal funds in volatile markets can quickly deplete accounts, especially for those still learning. This is where prop trading for beginners comes in and offers the smart alternative.
Our capital, your skills
A proprietary trading firm or a prop trading firm for short allows traders to use the firm's capital rather than their own for their trading needs. This model has become increasingly popular in the trading world due to access to higher amounts of capital and minimized capital risks. Traders can enter much larger positions than they would have been able to with a traditional brokerage.
Prop trading for beginners can be quite daunting due to lack of clarity and misconceptions involved in the niche. Traders can become a prop funded trader with access to the firm’s capital by passing certain evaluation phases. These evaluation phases typically include two phases each with their own profit targets which are required to be hit before drawdown limits are hit. Traders additionally have to adhere to any rules they prop firm may have imposed on either the evaluation phase or the funded phase for instance a minimum and maximum number of trading days. Traders pay a small nominal fee when purchasing the trading account of their choice; with Axe Trader this amount can be as small as $48 for a $5000 funded account challenge.
Traders need to be aware that both the evaluation account and the fully funded account are not live accounts! They are simulated demo trading accounts. When a trader obtains a forex-funded account, they can withdraw profits made on the account based on their performance (usually 80%). The prop firm will copy the trades taken on this simulated demo account in the live markets after ensuring the trader has not breached any rules and employed bad trading strategies.
For example , risking 100% of the account in a single trade - the firm will not place an order like this in the live markets. Once a trader passes these evaluation phases they immediately get access to the firm’s capital and can keep the majority of the profits made on their account.
While there are numerous prop firms in today's market, Axe Trader is known as the best trading platform for forex and aims at bringing every advantage to the hands of the trader. We help traders hone their Axe to dominate the market! We shall explore a few advantages provided by Axe Trader when compared to the competition in the market
No Risk of Loss: Traders never have to worry about incurring the losses in the event of failed trades. Losses if any are fully taken on by Axe Trader
Access to Multiple Markets: Axe Trader is unique in its offering of a wide range of tradable markets, including forex, stocks, indices, futures and cryptocurrencies. This greatly makes the procedures behind prop trading for beginners all that more easy as traders are offered greater flexibility.
Simplified rules: At Axe Trader we don't impose stringent rules on our traders, we feel that these additional rules only serve to add stress to traders especially newcomers to the prop firm industry. We only have one main rule! Hit the profit target before you hit the drawdown limits. There is no restriction on overnight trading or on weekend holdings and there are no minimum or maximum trading days.
Great Benefits : With Axe Trader , traders can double the axe! This means that traders can opt for a Double Axe account which grants traders two attempts at the prop firm challenge without additional fees. This makes prop trading for beginners that much easier.
Scaling and higher profit split : Traders can eventually scale their account up to $5 Million and can even earn the right to take home 100% of the profits earned in some cases.
We have worked extensively to create a business model that allows us to truly give our traders every advantage they need to succeed as a prop trader. Traders should look at our firm not only as a provider for prop trading for beginners but also as a platform for them to grow and develop their axe which will help them wreak havoc in the trading realm.
So, are you Ready to take your trading to the next level? Traders get the funding you need with Axe Trader. Follow us on our socials to keep upto date with promos, and new updates to our business operations. Here’s all our Axe Trader social handles:
X: https://x.com/axetraderhub?lang=en
Discord: https://discord.com/invite/axetrader
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Facebook: https://www.facebook.com/AxeTraderHub/
Linkedin: www.linkedin.com/company/axetraderhub/
Take advantage of our extensive resources, expert support, and a trading environment designed for your long-term success.
Sign up now here: https://dashboard.axetrader.com/en-US/sign-up
Begin your journey towards becoming a successful trader with Axe Trader: Assume Zero Risk - Keep upto 100% of the simulated profits!
Axe Trader Ltd. offers fee-based assessment services and facilitates connections with third parties for Potential Traders who meet specific criteria defined by Axe Trader (“Eligible Traders”). Our services involve evaluating the simulated trading performance and results of Potential Traders in certain virtual off-exchange foreign currency instrument pairs (“Forex”) and/or selected virtual contracts for differences (“CFDs”). We conduct data analysis based on simulated trading activities in demo accounts traded by Potential Traders through Axe Trader’s platform, utilizing data provided by a third-party broker. Our methods and techniques are established and maintained by Eligible Traders.
Axe Trader grants access to a third-party’s simulated trading platform, related demo accounts, and simulated trading information for the purpose of conducting data analysis and assessment services. This third-party offers Eligible Traders a simulated trading environment and an opportunity to earn a share of virtual trading gains generated in demo accounts, as specified in their agreement with the Eligible Trader.
Additionally, Eligible Traders acknowledge and agree, as outlined in their agreement, that the third party has the right to collect and use the data obtained from Axe Trader for their own benefit, including the option to replicate trading activities based on this data. The third party also retains the right to incorporate any information received from Axe Trader regarding Eligible Traders into actual live market trading, which they will conduct for their own account and at their own risk.
Theoretical performance outcomes should not be considered as reflective of real trading experiences and are typically formulated with the advantage of historical knowledge, which may either overstate or understate the influence of specific market factors such as limited liquidity and price fluctuations. Moreover, since theoretical trading does not carry financial risk, it cannot fully encompass the impact of various risk-related elements, including an individual’s or advisor’s capacity to manage losses or adhere to a specific trading strategy when confronted with trading setbacks.
