For beginners in the trading space, traditional brokerages often appear as the only option. However, this path carries significant risk since 100% of the losses are shouldered by the trader. Trading with personal funds in unpredictable markets can rapidly drain accounts, particularly for those still learning. This is where the trading challenge offered by prop firms becomes a smarter alternative.
Our capital, your skills
A trading challenge is a great way for traders to access capital from a prop trading firm without having to use their own funds. Instead of risking your hard-earned money, you get to trade with the firm’s capital, making it an attractive option for anyone looking to enter the trading world with less risk. This model is gaining a lot of traction because it lets traders take on much bigger positions than they ever could with traditional brokerages, opening up more opportunities for higher profits.
For those who are just starting out, the idea of a trading challenge might sound intimidating. But honestly, it’s pretty straightforward. To become a funded trader, all you need to do is pass a couple of evaluation phases that the firm lays out. Usually, this comes with set profit targets you’ve got to hit, while keeping your losses under control with drawdown limits. Some firms might throw in a few extra rules for both the evaluation and funded phases, like having a minimum number of trading days or a cap on how many trades you can make. For example, Axe Trader keeps it simple, offering evaluations starting at just $48 for a $5,000 account.
Here’s something you should know: both the evaluation and forex-funded accounts in a trading challenge are simulated demo accounts. That means you’re trading in real market conditions, but the funds aren’t actually live. Once you pass the challenge, though, you can withdraw real profits based on how you perform, usually around 80%. The firm will copy your trades into the live markets but will only do so if your strategies aren’t reckless. For instance, if you risk everything in a single trade, the firm isn’t going to put that in the live markets. After you’ve passed, you get full access to the firm’s capital and can keep most of what you earn from your trades.
Taking on a trading challenge can be a smart move, especially for those looking to scale up without having to risk their own money. It’s an ideal way to learn and grow in the trading world, while also having the potential to make some serious gains.
While many prop firms are available, Axe Trader focuses on giving traders the tools they need to succeed. Here's why Axe Trader stands out:
No Risk of Personal Losses: Axe Trader absorbs any losses from failed trades, ensuring traders don’t bear the financial burden.
Access to Multiple Markets: Axe Trader provides access to a wide range of markets, including forex, stocks, indices, futures, and cryptocurrencies. This flexibility simplifies the trading challenge process for beginners by offering more choices and opportunities
Simplified Rules: Axe Trader imposes minimal rules—just focus on reaching the profit target before hitting the drawdown limit. There are no restrictions on overnight trading, weekend holdings, or required trading days.
Double Axe Option: Traders can choose the Double Axe account, this gives traders a free second life in the event they fail in any stage in their prop firm evaluations.
Scaling Opportunities: Traders can eventually scale their accounts up to $5 million and, in some cases, take home 100% of the profits.
Axe Trader has developed a business model that provides traders every advantage they need for success. The firm is not just a place for beginners to start their trading journey but also a platform to grow and sharpen their skills, allowing them to excel in the trading world.
For anyone serious about tackling a trading challenge, Axe Trader offers the tools, flexibility, and support needed to achieve long-term success.
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
Instagram: https://www.instagram.com/axe.traderhub/
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.
