Z.Com trade demo account
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With an axi demo account, you’ll be trading in a replica of the live trading environment, including access to real-time spreads and execution speeds. Axi is a brand name of axicorp financial services pty ltd (axicorp). Axicorp (ACN 127 606 348 and NZBN 9429042567608) holds an australian financial services licence (AFSL number 318232).
Z.Com trade demo account
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Open a free demo account to discover the axi advantage
Start your 100% free, 30-day trial and learn to use our trading platforms in a risk-free environment. With an axi demo account, you’ll be trading in a replica of the live trading environment, including access to real-time spreads and execution speeds.
- $50,000 of virtual funds to practice trading the way you want
- Dedicated account manager and 24/5 client support
- Access real-time spreads on the world's leading trading terminal, MT4
- Metatrader 4 demo account replicates the live market environment
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Axi is a brand name of axicorp financial services pty ltd (axicorp). Axicorp (ACN 127 606 348 and NZBN 9429042567608) holds an australian financial services licence (AFSL number 318232).
Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. Investing in cfds does not provide any entitlement, right or obligation to the underlying financial asset.
Information contained on this website is of a general nature only. Axicorp does not consider your financial objectives or personal circumstances. Axicorp recommends that you seek independent advice.
All services are provided on an execution-only basis and no communication should be construed as a recommendation to buy, hold or sell any of the financial products issued by axicorp.
A product disclosure statement (PDS) for our financial products and our financial services guide (FSG) are available at our website or can be obtained free of charge by calling axicorp on 1300 888 936 (+61 2 9965 5830). The PDS and the FSG are important documents and should be reviewed prior to opening an account with axicorp and deciding whether to acquire, hold or dispose of axicorp's financial products.
The information on this website is intended for australian and new zealand residents only.
The best free paper trading accounts and stock market simulators
A free paper trading account or stock market simulator is an excellent alternative to a brokerage account and a significant advantage for investors in general, but it's the ultimate benefit for any day trader. Whether you plan to trade stocks, futures, options, or forex - a paper trading account is the perfect tool in building a solid foundation for your successful career.
Many advantages come with paper trading and stock market simulators. There are also some major downsides you should be aware of. In this wallet hacks article, I will reveal the most important facts and list the most interesting demo accounts, free paper trading accounts, and stock market simulators available right now.
Transparency: we may get compensated when you click on links in this article.
First, let's talk about the best free day trading simulator, the best paper trading app, and the best paper trading platform. Right now, I have three favorites - trade ideas, webull, and thinkorswim.
1. Trade ideas
Trade ideas belongs to the INC. 5000 and currently rank in position #1930 as one of the fastest-growing companies in the united states. A yearly revenue of $7 million and a 3-year growth of 207% shows their products are precisely what traders and investors need.
Their artificial intelligence based stock scanner is one of a kind. At the end of 2019, they released their brand new simulated trading account fully integrated within trade ideas A.I.
This is fascinating because you do not need a brokerage account for a real-time test drive in the markets. Yes, there are some brokerage companies that also allow virtual trading, but trade ideas goes one step further and enables you to automate your investment strategies. Trade ideas can be used to scan the markets based on specific criteria, and the platform will automatically execute trades once the criteria are met. On top of that, trade ideas lets you backtest trading strategies with just a few mouse clicks.
Day trading without human error, more efficient order processing, and being an all-in-one solution makes this the best free paper trading simulator available right now.
2. Webull
Webull's investment app is the hottest competitor to robinhood's app and might be considered the best investment app right now. It has an excellent user interface, offers more functionalities, and it allows you to trade without any commissions.
Yes, you read it right. Webull is a broker that does not charge any commissions.
On top of that, they have included a paper trading account within their app. The webull app can be used on your mobile, tablet, or personal computer. If you open an account with webull and deposit at least $100 within 24 hours, you will receive a free stock worth up to $1,000! Click here to use the free webull paper trading account, trade commission free, and get free stocks
3. Thinkorswim
TD ameritrade provides their customers with the best paper trading platform. It's different from trade ideas because you need to open a brokerage account first, that is if you want to use the real-time data feed. If you are located in the united states, it should be a no-brainer when deciding whether to open an account with them or not since the minimum balance needed is $0.
You do not have to fund this account and you can use their trading platform thinkorswim with all of its features.
This offer is fantastic for anyone who wants to learn how to trade using a simulator. Another benefit, the platforms and the data feed are entirely free of charge. Also, nathan bear at weekly money multiplier uses TD ameritrade and shares his monitor in the best options trading course live with subscribers.
Effective october 3rd, 2019, TD ameritrade charges $0.0 in commissions for many assets like stocks and etfs. Options trades are priced with $0.65 per contract with no assignment and no exercise fees. That's awesome news!
Please note, TD ameritrade is not available all over the world. Access to their platform thinkorswim is free to use and worth it! If you don't want to open an account with them, you can also register for and practice virtual trading with a delayed data feed.
What is a paper trading account?
Now, let's answer the question to "what is paper trading?" paper trading is a risk-free approach to buying and selling your favorite stocks, options, and futures. The times of boring watchlists have long gone. Nowadays, powerful real time paper trading tools enable you to trade the markets as you would in a real account.
A good paper trading account provides you with the same functionalities and features as a real trading account. But there is one crucial difference.
You are day trading with virtual money instead of real money. Trading virtual money with a stock market simulator allows you to gain trading experience without risking your capital. You can paper trade stocks and some paper trading software tools allow paper trading options.
Must have functionalities of any paper trading account
- Charts: visual confirmation is a must for any day trader and swing trader.
- Datafeed: real-time, or at least near time, prices are helpful to simulate real market conditions as best as possible.
- Trade reports: important for documentation and the learning process. No trade reports, no good learning curve.
- Watchlist functionalities: list your most interesting stocks, options, and forex pairs in one table and compare them based on different columns like price, gain, change, gap, or volume.
- Low cost: not really a functionality but a general rule of thumb.
- Optional: backtesting capabilities: actually, most demo accounts do not have this feature, but tools like ninjatrader and trade ideas do. Backtesting strategies give you an immediate overview of the efficiency of a past strategy. This can help with evaluating the right strategy.
Important differences between a real trading account and paper trading
Your account will be funded with virtual money only. As with computer games, a virtual paper trading account has a major pitfall: computer games allow you to restart your game whenever you want.
Paper trading accounts provide a similar functionality and in most cases you can reset your account balance as often as you wish. Real life is different. If you lose money in real trading that means someone else has it.
In real trading, you cannot hit a magic button allowing you to reset your account. Instead, you have to put more funds into the account. Here are the most important differences between a real trading account and a demo account:
Fact | paper trading account | real trading account |
---|---|---|
email-address needed | x | x |
deposit needed | typically not | x |
tax-relevant | - | x |
balance reset possible | x | - |
trading history | partly* | x |
full functionalities | - | x |
fees for datafeeds | x (real time) | x |
*until the reset of your demo account or end of the demo account period.
Hint: A funded trading account like this one with a free trail is the combination of a paper trading account and a real trading account. Various funded trader programs offer people to trade an account of another company while keeping up to 80% of the profits.
How to know what and when to trade?
Trading strategies are one of the biggest hurdles for new traders. Where to start? What pattern to trade? When to buy and when to sell a stock?
Stock screeners like trade ideas pro A.I. Help you to have the right trade idea at the right time. Take a look at the trade ideas review to learn why trade ideas pro A.I. Is the perfect tool for any day trader and investor.
Advantages and disadvantages in using paper trading
4 paper trading advantages
Perfect for self-learning
A paper trading account can give you a more realistic view of the financial markets than any trading course can. You will understand the market structure and price action.
Risk-free trading
Buying and selling stocks, options, forex, or even cryptocurrencies is dangerous for your pocket if you don't know what you are doing. A stock market simulator protects you from any risk or losses.
Risk-free trading strategy exploration
Making money in the financial markets is not an unconscious action. You need a good trading strategy in order to make money. Most beginners are undecided about which way to go and often jump from one strategy to another.
With paper trading, strategies and trade ideas can be explored and tested without risks. Platform handling experience: you will learn the process of how trading works and become a master in handling the trading platform. This is a solid foundation for your trading career.
Using a trading platform from your online broker will provide advanced knowledge which will help you learn how to execute, buy, and sell orders right from the order screen within the platform. Once your paper trading account becomes a real trading account, this will be a huge benefit.
Mental attitude
Losses are part of the game. Your trading strategy and preparedness could be as effective and perfect as possible, but there will be days when you have a bad performance and you feel everything went wrong.
During the learning phase, the demo account will prepare you to handle such losses. With the right strategy, you will gain more self-confidence when recovering from losses. Have a plan, stick to your plan, and trade with your plan.
3 paper trading disadvantages
Not 100% realistic order executions
The buy and sell orders you generate are not transmitted to the financial markets. Therefore, your orders do not have any impact on order executions and market liquidity. In real life, your orders will have an impact, and the order execution could be different. Usually, your paper trading account executions are declared more favorable than they would be in real trading accounts.
Fee structure not transparent
Trading in real life will trigger fees that have to be paid to your broker, the stock exchange, the bank, and more. Your market simulator will never be 100% transparent and correct in terms of your total fees. Always expect that your fees will be higher once you trade for real.
Paper trading is not 100% free
The closer a paper trading account comes to realistic trading environments, the more expensive the demo account becomes. If you want to use real-time data, you have to pay for it. If you need a brokerage API for testing purposes, most vendors will charge a fee.
Completely "free" accessible demo accounts are full of advertisements to refinance the cost of the vendor or have only low-level functionalities and data. It's an old saying but also a true one, "you get what you pay for."
What will happen once you switch from your paper trading account to a real trading account?
A general rule of thumb: if you don't make money in your risk-free trading account, you will never do so in a real account. Once you make your way to a real trading account, you will be faced with even more challenges, making it harder to make money.
You know me. I always give you a clear and honest picture of trading and investing. Day trading is not easy, and you have to know what you are doing. Here are some of the challenges you will face when trading real money in your brokerage platform:
No reset, less money
Many accounts come with a virtual amount of $100,000. The average amount of a real brokerage account is much lower. As a result, you will have less buying power.
When beginning, use the demo account settings to adjust the virtual money value as close as possible to your upcoming live trading value. And please be aware that you cannot reset your real money trading account with one mouse click. Only an additional deposit will give you extra funds.
Spreads can be huge
A spread is the difference between bid and ask in the order book. Trading stocks or financial instruments with high spreads is not a good idea.
Within the paper trading account, you might get your order filled at a very unrealistic price level. In real life, you might not get an execution due to some order book magic. However, this part is complex, and I will dedicate a separate blog post to this topic.
Liquidity can limit success
Within most free paper trading accounts, your buy and sell orders will be executed 100%, whether you order 1,000 stocks or 10,000. Market liquidity will be ignored in most simulated accounts.
Trading with real money will put you in a position in which your order will be filled only partially. Imagine you trade a stock that has an average trading volume of 20,000 stocks per day. You alone could generate a buy order of 10,000 stocks at the market open. Ouch!
Deal rejection
Trading stocks, options, and futures as a primary instrument will put you in a comfortable situation so that in most cases a deal rejection would not come true.
If you consider cfds for stocks, forex, or even binary options, then you will be faced with the deal rejection issue. Simply put, if the broker has a feeling you could get a price where he would lose money, then he will reject your order.
This happens because cfds are not an original financial instrument and brokers want to protect themselves as much as possible. The best way to avoid such things is simple. Do not trade cfds and other exotic financial instruments.
Additional costs
Interests, dividends, cash transactions, deposits, withdrawals, and many other services can cost additional money. It depends on your broker what additional costs could arise. Make sure to check the terms before you open a brokerage account.
Order execution
You will experience less favorable order executions during real trading than you would during the demo account. The real market is harder than trading with virtual money. Using the right order types will protect you from uncalculated losses.
Final thoughts on the best free paper trading accounts
Day trading requires knowledge and a ton of practice. A demo account is a perfect choice for any beginner. Even experienced traders are sensible enough to use a demo account for evaluating new trading strategies.
As I mentioned above, using real-life to learn day trading, buying and selling stocks, options, futures, and other financial instruments will be extremely challenging. The paper trading account gives you the ability to gain experience in handling your trading platform, and it's a great chance to practice the know-how you acquired while attending a trading course.
Wise preparation, including continuous development and improvement of skills, is essential for long term success. Once you are ready to trade with real money, you will be well prepared with the right trading strategies and loads of self-confidence. This is the perfect foundation for long term success when trading the financial markets with actual capital.
It doesn't really matter whether you start with a demo account from an online broker or use a standalone trading tool. The most important thing is that you practice paper trading within a demo account or with a stock market simulator.
Plus, a stock screener like trade ideas helps you keep track of the financial markets right from the start and specifically search for stocks that meet your chosen strategy and selection criteria.
Trade pad EA 2.0
Metatrader expert advisor (MT4/MT5)
This simple visual expert advisor allows you to trade easily from the chart. It handles risk management for you and can perform several useful tasks with your existing trades, saving time and making risk-management for each individual trade easier.
- Trade easily from the chart
- Trade with precise risk management, hassle free
- Set your desired stop-loss and take-profit levels
- Close all existing trades with a single click
- Delete all pending orders with a single click
- Reap partial profits with a single click
The EA offers the following buttons and actions:
- BUY: the EA will perform risk management for this trade, and buy at market
- SELL: the EA will perform risk management for this trade and sell at market
- Delete all pending orders: the EA will remove all pending orders from the chart
- Close 50% of the volume: the EA will close 50% of the trades currently at a profit
- Close all trades now: the EA will close all trades in the chart
The EA has the following input fields:
- Lotsize: type the lotsize or risk per trade you want to take
- Fixed lot: if chosen, the EA will trade your manual lotsize
- % of equity: if chosen, the EA will auto-calcuate the lotsize
- Stoploss: stop-loss in pips for your trades
- Takeprofit: take-profit in pips for your trades
Kindly note that the EA will perform risk management using free margin, not equity nor balance.
Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.
Trade pad EA 2.0
Metatrader expert advisor (MT4/MT5)
This simple visual expert advisor allows you to trade easily from the chart. It handles risk management for you and can perform several useful tasks with your existing trades, saving time and making risk-management for each individual trade easier.
- Trade easily from the chart
- Trade with precise risk management, hassle free
- Set your desired stop-loss and take-profit levels
- Close all existing trades with a single click
- Delete all pending orders with a single click
- Reap partial profits with a single click
The EA offers the following buttons and actions:
- BUY: the EA will perform risk management for this trade, and buy at market
- SELL: the EA will perform risk management for this trade and sell at market
- Delete all pending orders: the EA will remove all pending orders from the chart
- Close 50% of the volume: the EA will close 50% of the trades currently at a profit
- Close all trades now: the EA will close all trades in the chart
The EA has the following input fields:
- Lotsize: type the lotsize or risk per trade you want to take
- Fixed lot: if chosen, the EA will trade your manual lotsize
- % of equity: if chosen, the EA will auto-calcuate the lotsize
- Stoploss: stop-loss in pips for your trades
- Takeprofit: take-profit in pips for your trades
Kindly note that the EA will perform risk management using free margin, not equity nor balance.
Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.
Z.Com trade demo account
Feel free to contact us by live chat, call back, email or freephone 24 hours a day, 5 days a week (monday to friday).
Legal: this website is operated by XM global limited with registered address at no. 5 cork street, belize city, belize, CA.
Trading point holdings ltd is the holding company of trading point of financial instruments limited, XM global limited, trading point of financial instruments UK limited, trading point of financial instruments pty ltd, and trading point MENA limited.
Trading point of financial instruments limited is authorised and regulated by the cyprus securities and exchange commission (cysec) (licence number 120/10).
XM global limited is authorised and regulated by the international financial services commission (IFSC) (license number 000261/106).
Trading point of financial instruments UK limited is authorised and regulated by the financial conduct authority (FRN: 705428).
Trading point of financial instruments pty ltd is authorised and regulated by the australian securities and investment commission (AFSL 443670).
Trading point MENA limited is authorised and regulated by the dubai financial services authority (DFSA) (reference no. F003484).
Risk warning: forex and CFD trading involves a significant risk to your invested capital. Please read and ensure you fully understand our risk disclosure.
Restricted regions: XM global limited does not provide services for the residents of certain countries, such as the united states of america, canada, israel and the islamic republic of iran.
This website uses cookies
By clicking “continue”, you agree to the default cookie settings on our website.
XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.
For more information please read our cookie policy.
This website uses cookies
By clicking “continue”, you agree to the default cookie settings on our website.
XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.
Read more, or change your cookie settings.
Your cookie settings
What are cookies?
Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.
Cookies do not transfer viruses or malware to your computer. Because the data in a cookie does not change when it travels back and forth, it has no way to affect how your computer runs, but they act more like logs (i.E. They record user activity and remember stateful information) and they get updated every time you visit a website.
We may obtain information about you by accessing cookies, sent by our website. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating a website. Once you leave the website, the session cookie disappears.
Why are cookies useful?
We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.
Another use of cookies is to store your log in sessions, meaning that when you log in to the members area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.
In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.
Here is an overview of some of the functions our cookies provide us with:
- Verifying your identity and detecting the country you are currently visiting from
- Checking browser type and device
- Tracking which site the user was referred from
- Allowing third parties to customize content accordingly
This website uses google analytics, a web analytics service provided by google, inc. ("google"). Google analytics uses analytical cookies placed on your computer, to help the website analyze a user's use of the website. The information generated by the cookie about your use of the website (including your IP address) may be transmitted to and stored by google on their servers. Google may use this information to evaluate your use of the website, to compile reports on website activity and to provide other services related to website activity and internet usage. Google may also transfer this information to third parties, where required to do so by law, or where such third parties process the information on behalf of google. Google will not associate your IP address with any other data held. By using this website, you give your consent to google to process data about you in the manner and for the purposes set out above.
Z.Com trade demo account
Feel free to contact us by live chat, call back, email or freephone 24 hours a day, 5 days a week (monday to friday).
Legal: this website is operated by XM global limited with registered address at no. 5 cork street, belize city, belize, CA.
Trading point holdings ltd is the holding company of trading point of financial instruments limited, XM global limited, trading point of financial instruments UK limited, trading point of financial instruments pty ltd, and trading point MENA limited.
Trading point of financial instruments limited is authorised and regulated by the cyprus securities and exchange commission (cysec) (licence number 120/10).
XM global limited is authorised and regulated by the international financial services commission (IFSC) (license number 000261/106).
Trading point of financial instruments UK limited is authorised and regulated by the financial conduct authority (FRN: 705428).
Trading point of financial instruments pty ltd is authorised and regulated by the australian securities and investment commission (AFSL 443670).
Trading point MENA limited is authorised and regulated by the dubai financial services authority (DFSA) (reference no. F003484).
Risk warning: forex and CFD trading involves a significant risk to your invested capital. Please read and ensure you fully understand our risk disclosure.
Restricted regions: XM global limited does not provide services for the residents of certain countries, such as the united states of america, canada, israel and the islamic republic of iran.
This website uses cookies
By clicking “continue”, you agree to the default cookie settings on our website.
XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.
For more information please read our cookie policy.
This website uses cookies
By clicking “continue”, you agree to the default cookie settings on our website.
XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.
Read more, or change your cookie settings.
Your cookie settings
What are cookies?
Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.
Cookies do not transfer viruses or malware to your computer. Because the data in a cookie does not change when it travels back and forth, it has no way to affect how your computer runs, but they act more like logs (i.E. They record user activity and remember stateful information) and they get updated every time you visit a website.
We may obtain information about you by accessing cookies, sent by our website. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating a website. Once you leave the website, the session cookie disappears.
Why are cookies useful?
We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.
Another use of cookies is to store your log in sessions, meaning that when you log in to the members area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.
In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.
Here is an overview of some of the functions our cookies provide us with:
- Verifying your identity and detecting the country you are currently visiting from
- Checking browser type and device
- Tracking which site the user was referred from
- Allowing third parties to customize content accordingly
This website uses google analytics, a web analytics service provided by google, inc. ("google"). Google analytics uses analytical cookies placed on your computer, to help the website analyze a user's use of the website. The information generated by the cookie about your use of the website (including your IP address) may be transmitted to and stored by google on their servers. Google may use this information to evaluate your use of the website, to compile reports on website activity and to provide other services related to website activity and internet usage. Google may also transfer this information to third parties, where required to do so by law, or where such third parties process the information on behalf of google. Google will not associate your IP address with any other data held. By using this website, you give your consent to google to process data about you in the manner and for the purposes set out above.
Trade pad EA 2.0
Metatrader expert advisor (MT4/MT5)
This simple visual expert advisor allows you to trade easily from the chart. It handles risk management for you and can perform several useful tasks with your existing trades, saving time and making risk-management for each individual trade easier.
- Trade easily from the chart
- Trade with precise risk management, hassle free
- Set your desired stop-loss and take-profit levels
- Close all existing trades with a single click
- Delete all pending orders with a single click
- Reap partial profits with a single click
The EA offers the following buttons and actions:
- BUY: the EA will perform risk management for this trade, and buy at market
- SELL: the EA will perform risk management for this trade and sell at market
- Delete all pending orders: the EA will remove all pending orders from the chart
- Close 50% of the volume: the EA will close 50% of the trades currently at a profit
- Close all trades now: the EA will close all trades in the chart
The EA has the following input fields:
- Lotsize: type the lotsize or risk per trade you want to take
- Fixed lot: if chosen, the EA will trade your manual lotsize
- % of equity: if chosen, the EA will auto-calcuate the lotsize
- Stoploss: stop-loss in pips for your trades
- Takeprofit: take-profit in pips for your trades
Kindly note that the EA will perform risk management using free margin, not equity nor balance.
Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.
The best funded trader program of 2021
Funded trading accounts offer the best of both worlds. You can make money doing something you love, while at the same time not risking any of your capital. A funded trader program is especially appropriate for beginners. But what is the best funded trader program? Let's go through the list of all providers, their pros and cons.
Transparency: we may get compensated when you click on links in this article.
Best funded trader programs
- Best for trading futures: topsteptrader
- Best for trading forex: topstepfx
- Best newcomer: earn2trade
What makes a good funded trader program?
Good funded trader programs help you to get started by offering education, webinars, and support. At the same time, excellent institutional-grade trading platforms and trustworthy funded trading account partners are important.
Are funded trader accounts worth it?
The main benefit of funded trader accounts is the limited risk factor. There is a small monthly fee for real-time data and the platform. In return, you gain access to a funded account once you proved that you have the right skills needed to be successful. Once you got funded, you keep up to 80% of the profit and request a payout to your checking account.
7 best funded trader programs
1. Topsteptrader
As an industry leader and one of the fastest-growing companies in the united states, topsteptrader has the brand-power and reputation that traders trust. To participate in its funded account program, you first need to complete the trading combine. Here, you enter a real-time simulated futures account with $30,000 to $150,000 of paper currency to test if you're ready for the real thing.
- You can apply the software, make profits and control against large drawdowns
- You show consistent profitability and manage risk in the process
- Complete steps 1 and 2 in at least 15 days
Other requirements include:
- You meet your accounts profit targets
- You only trade permitted products during permitted times
- You do not hit or exceed the daily loss limit
- You do not hold positions into major economic releases
- You follow topsteptraders scaling plan
So let's assume you have what it takes. Once you complete the trading combine, you enter the funded trader program. Here, the topsteptrader team allocates capital to your account and lets you trade in real-time with zero personal risks.
So what happens when you start trading?
- You keep your first $5,000 in profits and 80% thereafter
- You can expand your asset-base to include trading EUREX products
- You can withdraw your profits at any time, and there is no wire fee for withdrawals over $500
- Your trades have zero commissions and zero clearing fees using tstrader.
Topsteptrader discloses the official company name and address on their website: topsteptrader, LLC, 130 south jefferson suite 200, chicago, illinois 60661.
We recommend starting with the free trial topsteptrader provides.
Limited time offer
- Topsteptrader 20% discount (automatic discount on all account sizes - ignore the popups on their site, my automatic discount is higher)
For a detailed look at the entire service, check out our complete topsteptrader review.
2. Topstepfx
Currency specialists rejoice, this one's for you. As the currency wing of topsteptrader above, topstepfx funded accounts have the same eligibility requirements. First, you need to complete the trading combine and demonstrate you can apply toptrader's software, implement a winning strategy and manage risk at the same time.
It's a necessary step to ensure that toptrader's capital is safe in your hands. Once you start trading, you keep your first $5,000 in profits and take home 80% of your winnings thereafter. You can also withdraw your profits at any time, and there is no wire fee for withdrawals over $500
Now, what separates topstepfx from topsteptrader?
Well, topstepfx funded account balances include buying power of up to $500,000.
And how is this done? In a word - leverage. Currency positions have leverage ratios as high as 100:1. Compared to topsteptrader, the excess leverage with topstepfx is extremely risky. However, as we mentioned, it's not your money.
With topstepfx financing the positions, you can always trade risk-free without worrying about reprisal. Keep in mind, you do need to prove your skills first. If you're a profitable currency trader that lacks the capital to make major moves, a topstepfx funded trader program may be just what you're looking for.
Topstepfx belongs to topsteptrader, and their company name, address and phone are visible on the website: topsteptrader, LLC 130 south jefferson suite 200 chicago, illinois 60661.
Limited time offer
- Topstepfx 20% discount (automatic discount on all account sizes - ignore the popups on their site, my automatic discount is higher)
For a top-to-bottom rundown of all the service has to offer, see our topstepfx review.
3. Earn2trade
Earn2trade offers two different funded trading programs. The gauntlet program and the gauntlet mini program.
The regular gauntlet program is focused on trading the futures market, where you manage a $25,000 virtual account for 60 days. During this time, you have to trade at least 30 calendar days and once per week. Your target is to reach the 10% profit target and never hit the 10% maximum drawdown.
Successful candidates receive a guaranteed funding offer from their partner helios trading partners.
The new gauntlet mini is a program similar to topsteptrader and oneup trader. You pay a monthly fee, and you have to trade according to the rules. Trading lessons, webinars, and access to journalytix (TM) are included in the monthly price.
After completion, you receive an offer for a funded trading account. Both programs come with an 80%/20% profit split, where you keep the 80%.
The company behind is earn2trade LLC, with a registered office in 30 N gould st. STE 4000, sheridan, WY 82801.
Limited time offer
You find all details and a platform walk-through in the comprehensive earn2trade review.
Let's get it straight, the list of the best funded trader programs already ends after the top 3. Topsteptrader, topstepfx and earn2trade programs begin at about $100 per month. All of the following funded trading account providers offer educational packages along with a potential option to let you trade a funded account at some given time.
Those vendors ask you to pay prices from $2,000 all the way up over $15,000, and some of them do not reveal their company address.
If you are looking for a funded trader account with an excellent price-performance ratio, you may focus on the top 3:
- Topsteptrader (futures trading) topsteptrader free trial or 20% off (automatic discount at the checkout - ignore the popups on their site, my automatic discount is higher)
- Topstepfx (forex trading) topstepfx 20% discount (automatic discount at the checkout - ignore the popups on their site, my automatic discount is higher)
- Earn2trade (futures trading) earn2trade 20% discount (discout applied automatically).
4. Oneup trader
Whether if you just starting out or a seasoned professional, onup trader offers a platform where you can showcase your skills and make some money along the way.
There are two steps to get started:
- Get evaluated
- Get funded
The evaluation process begins with oneup's trading evaluation program. The team puts you through a real-time day trading simulator where you can trade, track, measure and showcase your abilities.
Once you pass the evaluation, you get introduced to oneup's funding partners. Once you start trading, the first $8,000 in profits are yours to keep, and after that, you take home 80% of all winnings.
What are some other benefits?
- Choose funding options from $25,000 up to $250,000
- Simplified funding goals with no hidden fees or fine print
- Trade from home, your favorite coffee shop or wherever you want
- Advanced analytics and data that help you become more successful
- Discuss, collaborate and share ideas with one-up trader's community members
- Full transparency and disclosure regarding all services and requirements
Unfortunately, oneup trader does not disclose any information about the company and their address and contact data on the website. Also, there is no information available on what company will fund your account and how many traders got funded so far.
The oneup trader review covers every detail about the funded accounts, but again, the missing information about the company details and ways to contact them should let you become more cautious.
5. Maverick trading
As one of the top prop trading firms out there, maverick trading offers the opportunity to learn from its experts and - if you have what it takes - join the firm as a full-time trader.
Specializing in equities, options and forex, the team offers support, technology and training that help you every step of the way.
So how do you get funded?
- Submit your application
- Improve your skills using maverick's trading simulators, tests and strategy courses
- Prove your skills by showing you can implement the trading plan, manage risk and produce profits
- Receive a funded account where you keep 70-80% of your profits and get paid every month.
Through its dedicated team, maverick trading promotes diversity, respect and transparency.
Before officially joining the firm, the team will outline all expectations as well as discuss the inherent risks of day trading.
Compared to the top three above, the pricing is significantly higher since they include more extensive education in their program costs. You need about $6,000 to get started and you need to put $5,000 of your own funds at risk once you get funded.
For more information on what all that means, see the maverick trading review.
6. Try day trading
Trydaytrading can cost you more than $15,000! When you first begin the try day trading funded trader program, the team starts by outlining the two most important ways to reduce risk:
- They assign a professional trading coach that teaches you how to trade
- They provide access to try day trading's proprietary leading indicator software
They also offer a 30-day trial. Anyway, the 30-day trial costs you more than $400. A bit hefty for a trial period! And more than $15,000 for their main service seems to be too expensive. Remember, for that money, you could use topsteptrader's trading combine about 150 times!
There is no company name mentioned on their website, only the address in utah. The google reviews seem to be good at first, but clicking on the details you notice that a curious pattern.
The detailed try day trading review covers all of the bells and whistles.
7. Tradenet
Tradenet is not available to residents in the united states. With four pricing options, you can decide which tradenet funded trader program is right for you. Led by meir barak, the site states that it has educated over 30,000 students worldwide on how to become better traders.
All of the funded account programs come with a 14-day money-back guarantee. That way, you can test out the service risk-free before deciding if you want to continue on. The costs are relatively high compared to the competitors mentioned in this best funded trader program comparison.
Please, also keep in mind that tradenet does not offer those funded accounts themself. Instead, they connect you with investment firms once you purchased one of their educational packages.
I found various addresses; one is limassol cyprus, one in israel and the united kingdom.
If you're interested in learning more about tradenet's funded trader programs as well as its education courses and live trading chat room, check out our tradenet review.
Funded trader program summary
There's no doubt funded trader programs have plenty of benefits. Many providers offer exceptional service and can be a great addition to your trading toolkit. Whether it's access to advanced software or the idea of using someone else's money to trade - funded accounts offer a risk-free way to compete against the best.
More importantly, the knowledge you obtain is invaluable. Considering their own money is at stake, providers will do everything in their power to ensure you succeed. They don't want you draining their bankroll, right?
So what this means for you is:
- Greater guidance,
- Mentorship and
- Coaching compared to other services.
As well, when competing in the arena, you're surrounded by other advanced traders. This will help you increase your skill-set and have you climbing up the ladder in no time.
When deciding between the options above, you really can't go wrong with most of them.
Topsteptrader is the market leader and receives our highest rating, followed by topstepfx, and earn2trade.
I am a bit undecided about maverick trading, tradenet, oneup trader and try day trading. The reason is that for some you have to pay between 2,000 and $16,000 to join their programs, some do not disclose any contact and company details.
Their prices are higher because they included extensive trading education courses in their funded trader programs. So it depends on you what you want to trade and what your focus is. If you are looking purely for a funded trader account, then topsteptrader and earn2trade are the best choices.
If you are looking for excellent education, then I recommend you to read my comprehensive best trading courses blog post. And if you really consider joining the expensive funded trader programs, then make sure to read the detailed reviews first.
A 360 degree approach to online trading
From london to riyadh, tokyo to new york, with cfds, forex and stocks as well – trade360 provides the entire spectrum of financial markets for both traders and investors, rookies and pros. Trade in a regulated environment with the industry’s most tech-savvy provider.
Trading incurs a high level of risk and can result in the loss of all your capital.
The four pillars of success
Every trader needs a strong foundation to be successful. Here at trade360 we will provide you with the tools you need.
Own a share of the world's top companies - commission free*
Go long or short on hundreds of cfds – the potential is endless
Trade using one of the most advanced platforms available.
Learn about the trading world and other helpful information
Gauge the market with crowdfeed
Trade360 provides you with your own, personalised feed into the wisdom of the masses.
Access our exclusive crowdfeed™ and see what the financial world is doing at any given moment. Use the live-sentiment indicator to gauge the market view on any live asset, and join the global community of online traders – share the wisdom!
Based on a market event, traders begin opening new buy/sell positions, generating a new trend. Crowdfeed’s trend-spotting feature will identify that rush of positions and alert the user.
Ahead of an announcement, sudden surges indicate changing expectations. Stay ahead of the traders on our platform with this priceless data.
Trend reversals are the best place to initiate a position. The crowdfeed algorithm will alert you the moment there is a change in direction or strength.
Carefully monitoring buy and sell volumes are key to understanding price action. Get notified of changes in volume and/or volatility
Trade the hottest cfds around!
Over 500 cfds
Internationally regulated
World-class support
Best execution
State-of-the-art platforms
Instant analysis
Instantly accessible
Trade360’s proprietary webtrader is accessible on any device – desktop or mobile – with an internet connection. Without requiring a single download, it offers state-of-the-art trading to pros and novices alike, providing precisely what you need, where and when you need it.
Trading incurs a high level of risk and can result in the loss of all your capital.
Go mobile
The entire feature range of a full-stack trading platform at your fingertips, anywhere any time. Get the full array of features of desktop trading with the intuitive ease of an app. Download it from the playstore or app-store now.
Trade with a licenced broker
Our EU client portal, operated by crowdtech ltd. Under cysec regulation, license number 202/13.
Our australian client portal, operated by sirius financial markets pty ltd. Under ASIC regulation, license number 439907.
Our global client portal, operated by ST services ltd.
Best gold trading broker 2020
(global banking and finance awards 2020)
Broker of the year 2017
broker of the year 2020
RISK WARNING: cfds are leveraged products that incur a high level of risk and can result in the loss of all your capital and may therefore not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved, take the level of your experience into consideration and seek independent advice if necessary. We strictly do not provide investment advice. To read our full risk disclosure statement, please click here. The company does not offer its service to residents of certain jurisdictions such as: australia, new zealand, canada, iran, north korea and belgium. USA nationals are not accepted regardless of the country of residence. The information on this site is not intended for distribution to, or use by any person in any country where such distribution or use would be contrary to the local law or regulation, or to any person under the age of 18. It is the responsibility of the visitors to this site to ascertain the terms of and comply with all local law or regulation.
*zero commission on stock trading does not apply to aggressive trading.
Trade360 is a trade name of crowd tech ltd, authorised and regulated by the cyprus securities and exchange commission with licence number 202/13, and registered office at 116 gladstonos, M. Kyprianou house, 3rd & 4th floors, 3032, limassol, cyprus.
RISK WARNING: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.33% of retail investor accounts lose money when trading cfds with trade360. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Learn more about managing risks.
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Contents of the article
- Real forex bonuses
- Z.Com trade demo account
- Open a free demo account to discover the axi...
- The best free paper trading accounts and stock...
- 1. Trade ideas
- 2. Webull
- 3. Thinkorswim
- What is a paper trading account?
- Must have functionalities of any paper trading...
- Important differences between a real trading...
- How to know what and when to trade?
- Advantages and disadvantages in using paper...
- What will happen once you switch from your paper...
- No reset, less money
- Spreads can be huge
- Liquidity can limit success
- Deal rejection
- Additional costs
- Order execution
- Final thoughts on the best free paper trading...
- Trade pad EA 2.0
- Trade pad EA 2.0
- Z.Com trade demo account
- Z.Com trade demo account
- Trade pad EA 2.0
- The best funded trader program of 2021
- Best funded trader programs
- What makes a good funded trader program?
- Are funded trader accounts worth it?
- 7 best funded trader programs
- 1. Topsteptrader
- 2. Topstepfx
- 3. Earn2trade
- 4. Oneup trader
- 5. Maverick trading
- 6. Try day trading
- 7. Tradenet
- Funded trader program summary
- A 360 degree approach to online trading
- Gauge the market with crowdfeed
- Trade the hottest cfds around!
- Over 500 cfds
- Internationally regulated
- World-class support
- Best execution
- State-of-the-art platforms
- Instant analysis
- Instantly accessible
- Go mobile
- Trade with a licenced broker
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