Ready to Turbocharge Your Trading with TradeLocker? Here’s Your Guide to the Best TradeLocker Prop Firms!
The TradeLocker platform is a game-changer for traders, offering lightning-fast performance and a sleek, intuitive interface. But to truly unlock its potential, you need the right partner.
This guide unveils the top prop firms that leverage the power of TradeLocker, offering you a dynamic duo of substantial funding and cutting-edge technology. Whether you’re a seasoned pro or a trading newbie, there’s a perfect match waiting for you. Dive in and explore the unique offerings and benefits each prop firm provides, all designed to propel your trading journey on TradeLocker!
Here’s a sneak peek at the elite prop firms we’ll be exploring:
- Best for Structured Scaling Plans & Diverse Instruments: Funding Pips
- Best for Advanced Trading Platforms & Strategic Partnerships: Traddoo
- Best for High Scaling Potential and Flexible Trading Conditions: FunderPro
- Best for High Leverage Options and Robust Evaluation Processes: TopTier Trader
- Best for Comprehensive Support & Flexible Trading Evaluations: Funding Traders
Get ready to unlock a world of possibilities! Let’s find your ideal TradeLocker prop firm.
1. Funding Pips
Overview:
Funding Pips, led by CEO Khaled Ayesh, was established in November 2022 in the United Arab Emirates. This emerging prop trading firm grants access to the MT5 platform and partners with their own liquidity provider. This trading platform provides account options ranging from $5,000 to $100,000, making it suitable for a wide range of traders. The firm has a two-phase evaluation process, with profit targets of 8% in Phase 1 and 5% in Phase 2, and maintains a maximum total drawdown of 10% across all challenges. Funding Pips provides a variety of trading instruments, including Forex, Crypto, Indices, Metals, and Energies, with tailored leverage options to match each market.
Location:
United Arab Emirates
What Can You Trade:
- Forex
- Crypto
- Indices
- Metals & Energies
Profit Share:
Up to 80%
Highlights:
- Comprehensive Trading Options: Traders have access to a broad range of instruments with specific leverage settings, such as 1:100 for Forex and more conservative leverages for other assets.
- Structured Scaling Plan: The scaling plan is tiered into four levels, culminating in “The Hotseat,” where traders can manage up to $2 million in trading capital, accompanied by on-demand payouts and a 90% profit split.
- Transparent Costs: Commissions are straightforward, with Forex and Metals trading incurring a fee of $2 per lot, while trading in Crypto, Indices, and Oil is commission-free.
Summary:
Funding Pips stands out for its structured approach to scaling trader engagements, offering multiple tiers that reward consistent profitability with increased trading capital and improved benefits. Its use of multiple trading platforms, including Match Trader, cTrader, and TradeLocker, caters to a diverse clientele, including those in the United States who are limited to using Match Trader.
Pros:
- Access to multiple trading platforms.
- High leverage.
- Potentially easier to start for beginners due to lower minimum capital requirements.
- Supportive community.
Cons:
- May offer less total capital compared to established, larger prop firms.
2. Traddoo
Overview:
Traddoo, led by CEO Dylan Worrall, is a proprietary trading firm based in the British Virgin Islands, established in June 2023. The firm supports trading on platforms like MT4, MT5, and TradeLocker, partnering with brokers including TradeLocker and OspreyFX. Traddoo caters to various levels of traders with account sizes ranging from $10,000 to $100,000 and employs a two-step evaluation process with profit targets set at 8% for Phase 1 and 5% for Phase 2, aligning with industry standards for risk management. The firm provides a uniform maximum total drawdown of 10% across all challenges.
Location:
British Virgin Islands
What Can You Trade:
- Forex (Major pairs, Forex Crosses, Exotics)
- EU Shares
- Global Stocks
- Cryptocurrencies
- Energies
- Metals
- Indices
Profit Share:
Up to 80%
Highlights:
- Standardized Leverage: Traddoo offers a uniform leverage ratio of 1:30 across various asset classes.
- Extensive Trading Instruments: Offers a broad range of instruments from forex to metals and energies.
- Structured Evaluation Process: Utilizes a two-step evaluation process with clear profit targets and maximum drawdown limits.
Summary:
Traddoo stands out with its disciplined approach to risk management and a wide array of trading instruments. With standardized leverage and a structured evaluation process, the firm is an attractive choice for traders looking to navigate various asset classes within defined risk parameters. The firm’s use of multiple trading platforms, including TradeLocker, allows for a versatile trading experience.
Pros:
- Access to multiple trading platforms including TradeLocker.
- Real capital.
- Daily payouts.
Cons:
- Consistency rule on evaluation accounts.
- A relatively new firm with a short track record.
3. FunderPro
Overview:
FunderPro is a proprietary trading firm that focuses on empowering skilled traders across the globe through their funded trader program. They offer traders the opportunity to manage up to $200,000 in funds with real capital, providing a distinct advantage as there are no time limits on trading activities. The program includes a challenge-based system where traders can choose from three types of challenges, each tailored to different trading strategies and objectives. These challenges are designed to test a trader’s skills and consistency, with the potential to keep 80% of the profits made.
Location:
Malta
What Can You Trade:
- Forex
- Crypto
- Indices
- Metals & Energies
Profit Share:
Up to 80%
Highlights:
- High Leverage Options: Provides leverage up to 1:200.
- Flexible Trading Conditions: Supports news trading, overnight, and weekend holding.
- Rapid Funding and Payout: Ensures quick access to funds and fast payout processes.
- Support for TradeLocker: Integrates seamlessly with the TradeLocker platform, ensuring a user-friendly and efficient trading experience.
Summary:
FunderPro distinguishes itself with a commitment to removing barriers for traders, offering a supportive environment with no time limits for evaluation, allowing traders to operate at their own pace. The firm’s partnership with high-profile entities like Ferrari and involvement in Formula 2 underscore its dynamic approach and dedication to excellence. FunderPro’s structured yet flexible funding options provide a solid foundation for both novice and experienced traders to thrive in the competitive trading landscape.
Pros:
- Live account trading with an 80% profit split.
- No time restrictions on evaluation phases.
- Allows for comprehensive trading strategies including news trading and holding positions over weekends.
- High leverage of up to 1:200.
Cons:
- Consistency rule on the evaluation phase.
- High profit target on 1 phase account.
4. TopTier Trader
Overview:
TopTier Trader, established in 2021 and headquartered in Miami, Florida, targets experienced traders through a two-stage evaluation process. Successfully navigating these stages allows traders to manage funds remotely and scale their accounts substantially. TopTier Trader’s offerings are built around empowering traders to achieve high profitability while covering any losses incurred during trading, with traders retaining 80% of profits earned.
Location:
Miami, Florida, USA
What Can You Trade:
- Forex
- Gold and Commodities
- Indices
- Cryptocurrencies
Profit Share:
Up to 80%
Highlights:
- Large Scaling Potential: Offers scaling up to $2,000,000.
- Flexible Trading Conditions: Supports news trading, and allows trades to be held over weekends and overnight.
- High Leverage: Provides high leverage up to 100:1 on forex pairs, except in swing accounts where different rules apply.
Summary:
TopTier Trader provides a platform for traders focused on growth and scaling within a structured framework. The firm grants access to funded accounts ranging from $25,000 to $300,000, with the potential to scale up to $2,000,000. Positive reviews on Trustpilot enhance its reputation, appealing to traders globally who are looking for stable and supportive trading opportunities.
Pros:
- Opportunity to scale up to $2,000,000.
- Allows for news trading, and holding positions over weekends and overnight.
- High leverage options up to 100:1 on forex pairs.
Cons:
- Expert Advisors (EAs) are not allowed in normal challenge accounts.
- Scaling occurs quarterly at 25%, which may be slower compared to some other firms.
5. Funding Traders
Overview:
Based in the United Arab Emirates and founded in April 2023, Funding Traders is a new prop firm under the leadership of CEO Stan. The firm operates on the TradeLocker platform with FXCH as their broker. Catering to a variety of traders with account sizes ranging from $10,000 to $300,000, Funding Traders offers structured evaluation processes through 1-step and 2-step challenges. Traders can access a wide range of instruments such as foreign exchange, cryptocurrencies, stocks, indices, and metals, with different leverage options available for each type.
Location:
United Arab Emirates
What Can You Trade:
- FX (Forex)
- Crypto (Cryptocurrencies)
- Stocks
- Indices
- Metals
Profit Share:
Up to 80%
Highlights:
- Multiple Evaluation Paths: Traders can choose from a 1-step or 2-step evaluation, aiming for profit targets of up to 10% in the first phase and 5% in the second phase of the 2-step evaluation.
- Leverage Options: Offers leverage up to 1:100 for FX, up to 1:50 for Indices and Gold, and up to 1:5 for Crypto trading.
- No Commission in Challenge Phase: Traders enjoy $0 commission fees on TradeLocker during the challenge phase, with a nominal fee of $3 per lot roundtrip on FX, indices, and stocks thereafter.
Summary:
Funding Traders offers a dynamic trading environment with flexible evaluations and scaling opportunities, aimed at traders looking to progress rapidly. Its new presence offers a modern approach with high leverage options and a broad range of trading instruments, facilitated through the TradeLocker platform.
Pros:
- Access to a wide range of trading instruments.
- Zero comission.
- Up to 100% profit split.
Cons:
- Newer firm with limited data.
Benefits of the Best TradeLocker Prop Firms
Level up your trading game by partnering with leading TradeLocker prop firms. These firms go beyond simply providing capital. They offer access to advanced technological platforms and in-depth trading support, catering specifically to the needs of modern traders. Let’s explore the key benefits they provide:
- Fast Funding: Top TradeLocker prop firms remove a major hurdle: securing trading capital. Their quick and easy application process lets you start trading and scaling your operations rapidly.
- Advanced Platforms & Tools: TradeLocker prop firms equip you with the latest trading technology. These tools give you a competitive edge by improving your analysis and execution capabilities.
- Educational Resources: Leading TradeLocker firms understand the importance of continuous learning. They offer extensive educational materials and training programs, helping you stay informed and adapt to evolving markets.
- Market Diversity: The best TradeLocker prop firms offer a wide range of instruments to trade, from forex and commodities to stocks and cryptocurrencies. This allows you to exploit opportunities across different asset classes and potentially diversify your portfolio.
- Risk Management Tools: TradeLocker prop firms provide sophisticated risk management tools to help you manage and control your trading risks. These tools can help protect your capital and optimize your strategies for better performance.
- Community & Networking: Many TradeLocker firms foster a supportive trading community. This network allows you to connect with other traders, share insights, and collaborate, providing valuable resources for both beginners and experienced traders.
- Performance Incentives: Top TradeLocker firms reward successful traders with performance bonuses and the opportunity to manage larger capital pools. This provides a clear path for growth and increased earning potential.
In Conclusion
Through our review of the best TradeLocker prop firms, it’s evident that each one brings something unique to the table, helping to meet the diverse needs of traders. These firms excel with their robust TradeLocker platforms, offering powerful tools and a variety of trading options, all aimed at empowering traders to succeed in the financial markets. Below is a breakdown of how the best TradeLocker prop firms differentiate themselves:
- Great for Progressive Scaling Plans and a Wide Array of Trading Instruments: Funding Pips
- Top Choice for Cutting-Edge Trading Tools and Access to Global Markets: Traddoo
- Best for High Scaling Potential and Flexible Trading Conditions: FunderPro
- Best for High Leverage Options and Robust Evaluation Processes: TopTier Trader
- Best for Rapid Funding and Flexible Trading Evaluations: Funding Traders
This summary provides insights to aid traders in choosing a TradeLocker prop firm that aligns with their trading style and objectives. Key considerations should include the variety of instruments available, the sophistication of trading tools, and the potential for growth and scalability, ensuring that traders can find a prop firm that supports their long-term trading ambitions.
