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…
Many prop firms had no offerings for swing traders, 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 Prop Firm Funding As A Swing Trading
1. Lux Trading Firm
Lux Trading Firm are a highly rated prop firm offering initial funding of up to $1,000,000 with a 75% profit split.
They offer an amazing scaling program up to $10M, with multiple industry-leading features such as their unique offering to trade on TradingView’s charts, large selection of CFD’s, 500 Crypto’s, 12,000 Stocks, Elite Packages, and no time limits make it the perfect funding option!
Lux Trading is one of the few online prop firms offering real trading capital, and trading with a regulated A-book broker! Click here for my full Lux Trading Firm review now!
2. The Funded Trader
The Funded Trader was launched in June 2021 and offers traders funding of up to $1,500,000 with a 90% profit split!
The company offers a one step $100,000 challenge, and two step challenges with initial funding of up to $400,000! The company has recently released the largest payout in the industry to date, of $120,000 in one month!
MyFundedFx is proving to be one of the worlds most popular prop firms, taking over the industry in the last few months. MyFundedFx offer an innovative 1-step funding process, allowing traders to get funded from just 1 trade, potentially!
FTMO is the worlds leading prop firm and has really taken the industry by storm over the last few months with the famous $100,000 account challenge. FTMO have the best reputation in the industry, great support for traders, a 70% profit share, a range of top brokers to choose from, simple trading rules and funding up to $400,000 for top traders!
As a swing trader, there are going to be very specific trading conditions needed in order to succeed with a prop firm.
These are largely going to be:
- No time duration on challenges.
- Weekend holding allowed.
- No minimum trade volume.
- No monthly profit targets.
Without these boxes being ticked, you’re most likely going to struggle either obtaining or keeping your funded trading account.
Luckily, in 2023, many prop firms are offering accounts for swing traders specifically and some of these offerings are great!
We’ve tried and tested as many as we could in order to provide a thorough comparison for budding swing traders. Let’s take a look…
1. The Funded Trader
If you’ve ever looked into forex prop firms, you’ll have heard of The Funded Trader. With thousands of positive reviews, funding up to $600,000 per account and industry leading trading conditions, it’s clear to see why they’re had such fast growth!
The Funded Trader offering for swing traders:
- Instant funding
- Weekend holding allowed
- 90% profit split
- 1:30 leverage
- Capital scaling plan
- Expert advisors allowed
Clearly, the Funded Trader has a superb offering for swing traders seeking prop firm funding.
Not only is the swing trading offering great, you can be funded same day and get going so you don’t miss any trades during a challenge!
We’ve compiled a full The Funded Trader review here, for those of you looking for a more in-depth coverage of our experience in getting funded!
MyFundedFx is a relatively new prop firm in the grand scheme of things but they’re taking the industry by storm and providing some great funded account options for traders.
With high leverage, funding up to $300,000 per account, relaxed trading rules are no time durations on challenges, it’s clear to see why they have such positive reviews on Trustpilot!
- Weekend holding
- Weekend trading
- High leverage
- Unlimited time durations
- No minimum trading days
- Only 1 step, meaning you’re funding straight away
Clearly, a great offering for swing traders. If you’re considering this prop firm, have a read of our full MyFundedFx review to see if they might be the best prop firm for you!
3. Lux Trading Firm
Lux Trading Firm are without a doubt one of the industries most reputable prop firms, providing traders with real funded accounts up to $10,000,000.
They offer the following for swing traders:
- Large trading capital
- Aggressive scaling plans, perfect for traders with low frequency
- Weekend holding is allowed
- News holding is allowed
- No time limit on challenges
- No minimum trading volume requirements
This makes Lux Trading Firm easily one of the best prop firms for swing traders looking to get funded.
In fact, prior to FTMO releasing their swing trading account – all swing traders went solely to work with Lux.
We’ve published a full review of Lux Trading Firm here, should you be interested in finding out more.
FTMO were the first online prop firm within the forex space to be operating and really paved the way for the rest of the firms.
With that being said, although FTMO pioneered the 2-step funding model, they’re now creating more rules catered to swing traders, allowing for a more well rounded experience for traders!
FTMO now offers swing traders:
- 1:30 leverage
- Weekend holding
- Holding through news
Although this isn’t the most comprehensive offering, working with FTMO is potentially ‘safer’ than working with any of the less established firms, so that’s something you need to factor in!
We’ve been FTMO funded for over 2 years now, so feel free to have a read of our full FTMO review for more information!
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 List to see any updates over the next few months.
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!