4 Best Prop Firms For Forex Swing Traders

Swing trading, the art of taking extremely large, longer term moves is by far the best way to trade volatile markets like the currency market. With that being said, the drawback of swing trading is that you really do need a lot of trading capital to make it worth while as the frequency of trades taken is extremely low compared to day traders or scalpers. This is where funding comes in…

A lot of the prop firms in the industry haven’t been offering weekend holding and had very short 20-30 day time limits on the profit target requirements, making it impossible for swing traders to actually take on any investor or prop firm capital. That was, until now!

In this article we are going to look at the 4 best options for a swing trader to take on capital from a forex prop firm and scale their trading career right now! Let’s get into it…

Finding A Prop Firm As A Swing Trader?

As a swing trader looking for funding, you’re going to have 3 main requirements that are absolutely essential to actually securing any type of funding.

  1. The ability to hold trades over the weekend.
  2. The challenge length being longer than a month.
  3. No monthly profit targets.

Without these 3 components, it’s going to be nearly impossible for you to actually get funded. I was swing trading a few months back (before FTMO brought out their swing trading challengeOpens in a new tab.

With that being said, a lot of the Best Prop FirmsOpens in a new tab.

1. FTMOOpens in a new tab.

FTMOOpens in a new tab.

This swing trading funding option works exactly the same as the typical FTMO Challenge (Read my full article here for a breakdown of the challengeOpens in a new tab.

The leverage on the challenge has taken a hit, down to 1:30 from 1:100 but realistically swing traders don’t need leverage too high as our stop losses are usually high in amounts of pips.

If you’re curious, FTMO offers up to $400,000 in total funding, with a 70% profit share and monthly payments, making them again one of the best firms in the industry without a doubt.

The reputation of a prop firm is extremely important if you’re going to be trusting them to pay your profit shares out every month. Luckily, FTMO has an AMAZING Trustpilot reputationOpens in a new tab.

If you’re on the fence, definitely check out our full in-depth FTMO article hereOpens in a new tab.

2. 5%ERSOpens in a new tab.

5%ers is the 2nd highest ranked prop firm on our Best Prop Firms listOpens in a new tab.

They are offering funding of up to $1,200,000 for swing traders, an aggressive scaling program and up to 180 days to complete a challenge – which should be more than enough for the majority of traders. 5%ers offer a 50% profit share for traders, which is slightly less than the 70% that FTMOOpens in a new tab.

With the 5%ers you are able to:

Every 10% that you make, the company will immediately double your funding, which is brilliant! By just making around 60%, you can have yourself trading a HUGE amount of capital. A 10% gain will of course take a long while to get as a swing trader, but with scaling into positions this is still much faster than having to make the full 100%!

The 5%ers also have an Excellent Trustpilot ratingOpens in a new tab.

If you’re struggling to make up your mind, definitely have a read of our full 5%ers reviewOpens in a new tab.

3. CITY TRADERS IMPERIUMOpens in a new tab.

City Traders Imperium,Opens in a new tab.

The funding options offered are ranging from $20,000 to $2,000,000, with INSTANT FUNDING and a huge scaling program which again makes this a great option for traders that get consistent, but lower returns than day traders and scalpers. Besides just offering the challenge, the company also offers a huge amount of support and education for traders.

With CTIOpens in a new tab.

The scaling option is what really sets CTIOpens in a new tab.

CTI also have an amazing score on TrustpilotOpens in a new tab.

If you’re still undecided, I would recommenced having a read of my full article breaking down CTI’s offerings in more detail. Fancy getting funding? Sign up now!Opens in a new tab.

4. LUX TRADING FIRMOpens in a new tab.

Lux Trading FirmOpens in a new tab.

The company offers initial funding of up to $150,000 but this quickly scales up to $2,500,000 if you’re consistently trading your account every month. Leverage and allowed risk is reduced, with a maximum drawdown of 4% which is fairly low, but still very much in the realms of reality for swing traders risking 0.5% per trade.

With Lux Trading FirmOpens in a new tab.

Much like CTIOpens in a new tab.

Much like the other prop firms in this article, Lux Trading FirmOpens in a new tab.

If you’re still on the fence or unsure about the company, I have a full in-depth review of the features, pros and consOpens in a new tab.

In Conclusion

In summary, there are certainly some really good options for swing traders looking to take on additional capital. Taking on further funding is actually more essential for swing traders than any other style of trader due to the fact swing traders and position traders have such a lower frequency, they need to be trading higher levels of capital to scale up their career.

There are always new options for swing traders coming into the market as a lot of the traditional prop firms are dropping the whole ‘no weekend holding’ rules, so keep an eye on our Top Prop Firms ListOpens in a new tab.

If you have used any of these firms, or even any others to take on additional forex trading capital please do let me know in the comments down below, I’m curious as to which firm you’ve used!

Kyle Townsend

Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.

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