Swing trading is a trading style that involves holding positions longer than a day but typically not longer than a few weeks. Unlike day trading, which relies on short-term market moves within a single day, swing traders aim to capture more significant price swings, making decisions based on technical patterns, market trends, and broader economic events.
Finding the right prop firm as a swing trader can be challenging because not all firms cater effectively to this trading style. Swing traders need flexibility to hold positions overnight or even through weekends without strict penalties. They also require accommodating drawdown rules and favorable profit-sharing models to maximize returns.
In this guide, we’ll review the best prop firm for swing traders, considering critical factors such as holding policies, drawdown flexibility, and overall trading conditions.
1. FundedNext
Swing traders need a prop firm that truly understands their style, offering the freedom to hold positions longer, favorable trading conditions, and attractive profit splits. FundedNext has rapidly gained attention among swing traders for precisely these reasons. Here’s a detailed look at what makes FundedNext stand out.
Why FundedNext is Ideal for Swing Traders
FundedNext is uniquely suited to swing trading due to its flexible policies on overnight and weekend holding. Unlike many other firms, FundedNext imposes no strict penalties for keeping positions open beyond standard trading hours, giving swing traders peace of mind when pursuing longer-term setups.
Moreover, FundedNext offers competitive profit splits of up to 95%, significantly higher than many competitors. Their transparent and trader-friendly rules around maximum drawdown (10% overall loss limit and 5% daily loss limit) make it manageable for swing traders who naturally encounter broader market fluctuations.
Funding Programs and Conditions
FundedNext offers multiple funding options through their Stellar programs, including Stellar 1-Step, Stellar 2-Step, and Stellar Lite. These programs cater to traders with different risk appetites and budget preferences, making FundedNext accessible to both beginner and experienced swing traders.
Key program highlights include:
- Account sizes from $6,000 up to $200,000.
- Clear evaluation criteria with 8% profit target in Phase 1 and a 5% target in Phase 2.
- Generous maximum loss allowances to support swing trading strategies.
- Refundable challenge fees after successful evaluations.
Pros and Cons of FundedNext for Swing Traders
Pros:
- Excellent overnight and weekend trading policy.
- Up to 95% profit share, incentivizing strong performance.
- Fast and reliable payouts within 24 hours (guaranteed payout).
- Multiple trading platforms including MT4, MT5, cTrader, and Match-Trader.
- Extensive selection of tradable assets (CFDs, Futures, and more).
Cons:
- Mandatory minimum trading days (5 days).
- Initial waiting period of 21 days for the first withdrawal.
Customer Support and Trader Experience
FundedNext provides dedicated 24/7 customer support via multiple channels, ensuring swift resolution of any issues. Swing traders have positively reviewed FundedNext’s trading environment, highlighting reliable technology, low spreads, and supportive educational resources that significantly benefit traders looking to refine their strategies.
Final Thoughts: Should Swing Traders Choose FundedNext?
FundedNext is undoubtedly one of the best prop firms for swing traders. Its combination of flexible trading conditions, high profit-sharing potential, and strong support infrastructure provides an ideal environment for traders who prefer holding positions over days or weeks. Swing traders seeking stability, reliability, and excellent profit potential will find FundedNext a top choice.
FundedNext Coupon Code
2. Maven Trading
Swing traders thrive when paired with a prop firm that understands their unique trading style—holding positions longer, managing risk effectively, and having flexibility in trading conditions. Maven Trading has emerged as a favorite among swing traders thanks to its accessible funding challenges, clear trading policies, and reliable customer support.
Why Swing Traders Choose Maven Trading
Maven Trading supports swing traders exceptionally well through its unlimited trading days and absence of swap fees. This flexibility allows traders to comfortably hold positions overnight or for multiple days without additional costs, which is crucial for swing trading strategies.
Moreover, Maven’s drawdown policies, including a clearly defined static drawdown limit (3% or 8%, depending on the chosen account type), give swing traders adequate risk parameters to trade confidently without fear of sudden account termination.
Funding Programs and Trading Conditions
Maven offers multiple challenge types designed to suit different trading styles:
- Standard Challenge (3-Step):
- Low profit targets (3% each step), making it easy for consistent traders.
- Static 3% drawdown and daily 2% drawdown.
- 2-Step Challenge:
- Profit targets of 8% and 5%, ideal for more aggressive swing traders.
- Generous static drawdown limits of 8% overall and 4% daily.
- Instant Challenge (1-Step):
- Single-phase evaluation with an 8% profit target.
- Trailing drawdown limit of 5%, encouraging steady equity growth.
Each program ensures an 80% minimum profit split, allowing swing traders to maximize their returns.
Pros and Cons for Swing Traders at Maven Trading
Pros:
- Unlimited trading days, perfect for swing positions.
- No swap fees, reducing costs for overnight holds.
- Quick payouts within 10 business days.
- Competitive pricing for funding challenges.
- Excellent 24/7 customer support.
Cons:
- Relatively lower overall drawdown percentages compared to some competitors.
- Trailing drawdown in the Instant Challenge may be challenging for traders with volatile trading strategies.
Customer Experience and Support
Customer support is highly praised at Maven, with traders highlighting quick response times and helpful resolutions. The Maven community, particularly active on Discord, offers valuable peer support and networking opportunities, enhancing overall trader satisfaction and confidence.
Conclusion: Should Swing Traders Go With Maven Trading?
For swing traders seeking an approachable and reliable prop firm, Maven Trading is an excellent choice. Its flexible trading policies, clear challenge structures, and responsive customer support create an ideal environment for traders focused on medium-term strategies. Swing traders prioritizing affordable pricing, flexibility in trading duration, and quick payouts will find Maven Trading a strong match.
3. The 5ers
Swing trading demands a prop firm that supports longer holding periods, flexible trading terms, and reasonable risk management parameters. The5ers caters specifically to swing traders, providing extensive support, versatile funding options, and trader-friendly conditions that encourage long-term growth.
Why Swing Traders Choose The5ers
The5ers distinguishes itself with unlimited trading periods across all its funding programs, making it ideal for swing traders who prefer holding positions over days or weeks. Their risk management policies, such as transparent drawdown limits and flexible trading conditions, allow swing traders to manage positions without the constant pressure of tight restrictions.
Additionally, swing traders benefit significantly from The5ers’ scaling plans, enabling traders to increase their capital substantially upon reaching specific milestones. The consistent profit-sharing model ensures that traders receive a fair return on their performance.
Funding Programs and Trading Conditions
The5ers offers three distinct funding programs tailored to various trading styles:
- Hyper Growth (1-Step):
- Immediate payouts starting from the first profit target.
- Attractive scaling plan with doubled account sizes at each milestone.
- Suitable for experienced traders confident in hitting targets consistently.
- High Stakes (2-Step):
- Designed for traders comfortable with higher risk and reward scenarios.
- Clear evaluation phases with significant scaling opportunities.
- Ideal for swing traders looking for aggressive growth.
- Bootcamp (3-Step):
- A low-cost, pay-upon-success program with gradual scaling.
- Perfect for swing traders aiming to minimize initial investment risk.
Pros and Cons for Swing Traders at The5ers
Pros:
- Unlimited trading duration on all funding programs, accommodating longer-term strategies.
- Competitive spreads starting from 0.0 pips, reducing trading costs significantly.
- Regular and reliable payouts with transparent conditions.
- Strong community support and educational resources.
- Personalized performance coaching available to traders.
Cons:
- Higher initial evaluation targets in certain programs may challenge less experienced traders.
- Strict prohibition on specific trading practices, including certain types of automated trading and scalping.
Customer Experience and Support
The5ers provides extensive support through live trading rooms, webinars, one-on-one coaching, and comprehensive educational materials. The trader community is active and engaged, contributing to an environment conducive to growth and continuous learning. Customer support responsiveness is excellent, providing timely and practical solutions to traders’ concerns.
Conclusion: Should Swing Traders Opt for The5ers?
The5ers presents a robust proposition for swing traders through its flexible trading timelines, generous scaling opportunities, and excellent support systems. Swing traders who prioritize steady growth, manageable risk parameters, and extensive educational support will find The5ers an optimal choice for their trading journey.
4. FundingPips
FundingPips is well-suited for swing traders, offering a supportive trading environment with flexible evaluation programs and clear risk management policies. Traders looking for fair evaluation conditions, reliable payouts, and freedom in managing their positions will find FundingPips highly compatible with swing trading strategies.
Why Swing Traders Choose FundingPips
FundingPips appeals directly to swing traders due to its minimal trading day requirements and flexible risk parameters. With clearly defined evaluation stages that accommodate longer holding periods, FundingPips ensures traders have sufficient room to manage market fluctuations without facing overly restrictive rules.
Swing traders benefit from FundingPips’ straightforward structure, offering achievable profit targets and competitive leverage. Its trader-friendly approach makes it easier for traders to stick to their strategies confidently, whether positions last a few days or several weeks.
Funding Programs and Trading Conditions
FundingPips provides three clear evaluation stages catering to different experience levels:
- Student Stage:
- Only 3 minimum trading days required.
- 10% maximum overall loss with 5% daily drawdown allowance.
- An achievable 8% profit target with 1:100 leverage.
- Great for swing traders beginning their journey or seeking less pressure during evaluation.
- Practitioner Stage:
- Similar risk parameters to the student stage but with a lower profit target (5%).
- Offers a balanced environment, ideal for intermediate traders who prefer moderate risk and steady growth.
- Master Stage:
- Offers similar risk management parameters but with flexible rewards and profit-sharing conditions.
- Aimed at advanced traders who consistently deliver strong performance.
Pros and Cons for Swing Traders at FundingPips
Pros:
- Short minimum trading periods (only 3 days) suitable for swing trading strategies.
- Clear and fair evaluation criteria with manageable profit targets.
- Consistent and reliable payout policy without unnecessary hurdles.
- Robust leverage of up to 1:100 across all programs.
- Excellent customer support available 24/7.
Cons:
- Some strict prohibitions on trading practices, including specific EAs and hedging strategies.
- Restrictions on certain automated trading methods might limit some strategy flexibility.
Customer Experience and Support
FundingPips offers outstanding customer support available around the clock in multiple languages. Traders have access to a vibrant Discord community, where they can interact, gain insights, and get immediate assistance. With extensive resources, traders at FundingPips enjoy strong backing, allowing them to focus more on trading rather than dealing with administrative issues.
Conclusion: Should Swing Traders Opt for FundingPips?
FundingPips emerges as a strong candidate for swing traders due to its short evaluation periods, reasonable risk allowances, and supportive trading environment. Traders who value clarity, flexibility, and reliable payouts will likely find FundingPips an ideal choice for their swing trading activities.
5. Top One Trader
Swing trading requires flexibility, clear trading rules, and sufficient freedom for managing longer-term positions. Top One Trader caters well to swing traders by providing user-friendly rules, straightforward funding programs, and excellent trader support.
Why Swing Traders Choose Top One Trader
Top One Trader is a strong fit for swing traders due to its relaxed trading conditions, no time limits, and the freedom to hold trades overnight and across weekends. Its clear drawdown policies and manageable profit targets enable swing traders to maintain their strategies without facing overly restrictive trading conditions.
Traders appreciate Top One Trader’s straightforward evaluation phases, quick payout processes, and attractive profit splits of up to 90%. The ability to scale accounts significantly also provides an advantage for traders aiming for substantial long-term growth.
Funding Programs and Trading Conditions
Top One Trader offers three funding program models suited to swing traders:
- One-Step Challenge:
- Simplified evaluation with a clear 10% profit target.
- Suitable for traders who prefer quick assessments.
- Unlimited time limits and weekend position holding allowed.
- Two-Step Challenge:
- Traditional two-phase evaluation with 5% daily and 10% maximum drawdown.
- Ideal for swing traders who manage moderate risk and longer-term positions comfortably.
- Instant Funding:
- No profit targets required and no daily drawdown limits.
- Optimal for traders who prefer maximum freedom in managing positions without strict evaluation criteria.
Pros and Cons for Swing Traders at Top One Trader
Pros:
- Flexible trading rules without restrictive time limits.
- Ability to hold positions over weekends, crucial for swing trading strategies.
- High profit share, potentially reaching up to 90%.
- Excellent scalability with funding potential up to $5 million.
- Fast payouts averaging under two hours.
- Robust trader support with near-instant response times.
Cons:
- Strict prohibition on certain automated and aggressive trading methods, such as grid trading and martingale strategies.
- Protective measures like EquityShield™ can impose tighter risk management, possibly limiting aggressive swing positions.
Customer Experience and Support
Top One Trader stands out with its outstanding customer service, available 24/7, ensuring immediate assistance to traders. The active trader community, along with educational resources and personalized coaching, significantly boosts trader success rates. The quick payout processing also enhances trader satisfaction and trust in the platform.
Conclusion: Should Swing Traders Opt for Top One Trader?
Top One Trader is particularly attractive to swing traders due to its straightforward evaluations, supportive trading environment, and exceptional customer service. Traders looking for flexibility in holding positions, transparent rules, and reliable payouts will find Top One Trader highly suitable for their swing trading needs.
6. Upside Funding
Swing traders require prop firms that offer flexible rules, supportive risk management, and reasonable evaluation conditions. Upside Funding addresses these needs effectively, providing traders with significant flexibility and a supportive trading environment, making it particularly suitable for swing traders.
Why Swing Traders Choose Upside Funding
Upside Funding is ideal for swing traders due to its trader-friendly evaluation criteria, transparent rules, and moderate profit targets. Founded by industry veterans with substantial trading experience, the firm emphasizes discipline, strategy, and long-term success—qualities well-aligned with swing trading.
Swing traders will appreciate Upside Funding’s emphasis on mastering disciplined trading without overly restrictive time constraints. The clearly defined evaluation stages allow traders to operate freely, holding positions comfortably over multiple trading sessions.
Funding Programs and Trading Conditions
Upside Funding offers straightforward funding programs with clear, affordable pricing:
- Evaluation Programs:
- Range of account sizes from $5K up to $100K, catering to various trader needs.
- Clear and achievable profit targets suitable for swing traders who prefer structured goals.
- No overly restrictive time limits, enabling swing traders to operate at their own pace.
- Trading Conditions:
- Reasonable drawdown limits designed for balanced risk management.
- Transparent guidelines without hidden rules, crucial for traders managing longer-term positions.
Pros and Cons for Swing Traders at Upside Funding
Pros:
- Simple, clear, and affordable evaluation fees, making funding accessible.
- No stringent time constraints on evaluations, ideal for swing trading.
- Emphasis on disciplined trading and sound strategy development.
- Founded by highly experienced traders, ensuring robust industry expertise and reliable support.
Cons:
- Prohibition of strategies such as hedging across accounts and high-frequency trading (HFT) might limit some trading methods.
- Restrictions on trading around high-impact news events could affect traders who integrate fundamental analysis closely.
Customer Experience and Support
Upside Funding provides dedicated and experienced support tailored specifically for traders aiming for disciplined and consistent performance. The firm’s resources emphasize trader education, discipline, and sound strategy, enabling traders to refine their approaches effectively. Communication channels are responsive, ensuring traders receive timely assistance whenever needed.
Conclusion: Should Swing Traders Go with Upside Funding?
Upside Funding is highly suitable for swing traders seeking clear, fair, and supportive evaluation criteria. Its commitment to disciplined trading and transparency makes it an excellent choice for traders aiming for sustainable growth and consistent results over longer holding periods.
Upside Funding Coupon Code
What Makes a Prop Firm Ideal for Swing Traders?
Swing trading is unique compared to day trading or scalping. Swing traders hold positions for several days or weeks, so they need a prop firm whose policies and conditions align with this strategy. Here are essential qualities swing traders should consider:
Flexible Overnight and Weekend Position Allowance
Swing traders frequently hold trades overnight and through weekends. Therefore, an ideal prop firm should permit extended position holding without additional penalties or overly restrictive rules, ensuring traders can comfortably execute their long-term strategies.
Reasonable Drawdown Rules
Managing risk over longer periods can involve experiencing temporary fluctuations. Prop firms suitable for swing traders provide clear, reasonable drawdown limits rather than overly tight daily restrictions. This gives traders room to maneuver, enabling them to withstand short-term volatility in pursuit of greater overall gains.
Competitive Profit-Sharing Structure
Swing traders require a profit-sharing model that fairly rewards their patience and strategic approach. An ideal firm offers generous and clearly defined profit splits, ensuring traders receive a meaningful portion of the profits they earn from longer-held positions.
Variety of Trading Instruments
Successful swing trading often involves accessing diverse markets. Therefore, swing traders should seek prop firms offering a broad selection of tradable instruments, including forex, stocks, commodities, indices, and even cryptocurrencies, allowing traders to capitalize on opportunities across various asset classes.
Easy Withdrawal Processes
Reliable and prompt access to earned profits is essential. Swing traders value firms that offer transparent and hassle-free withdrawal procedures, ensuring quick payouts without unnecessary delays or complicated administrative hurdles.
Key Features to Evaluate in Prop Firms
Swing traders should carefully evaluate the following features when selecting a prop firm:
Overnight Holding Fees or Policies
Confirm that the firm allows holding positions overnight and over weekends without imposing excessive fees or restrictive rules. Firms ideal for swing traders clearly state their policies, ensuring transparency about potential costs and requirements associated with extended position holding.
Account Scaling Opportunities and Long-term Growth
Evaluate the firm’s account scaling options. Swing traders benefit from structured plans that allow accounts to scale significantly with consistent performance. Firms offering clear, achievable milestones and generous scaling conditions enable traders to progressively grow their trading capital over time.
Profit Share Percentage and Payout Consistency
Examine the firm’s profit-sharing model closely. Ideal firms provide clear details on profit splits, with attractive percentages (typically between 80% and 95%), alongside a track record of consistent, reliable payouts. Consistent payout schedules and straightforward processes help traders plan their finances effectively.
Trading Platform Reliability and Asset Availability
Assess the reliability, stability, and speed of the trading platforms provided. Ideal firms offer robust platforms (e.g., MT4, MT5, cTrader) with minimal downtime, fast execution, and a diverse range of available assets. Platform stability is crucial for swing traders to execute strategies confidently, knowing that trades and risk management measures will function properly.
FAQ
What is the best prop firm for swing trading?
The ideal prop firm for swing traders offers flexible overnight and weekend position allowances, reasonable drawdown limits, a variety of assets, and competitive profit-sharing models. Firms like FundedNext, Maven Trading, The5ers, FundingPips, Top One Trader, and Upside Funding are popular choices.
Do prop firms allow swing traders to hold positions overnight?
Yes, many prop firms specifically accommodate swing traders by allowing positions to be held overnight and across weekends. Always confirm each firm’s specific policies before selecting one.
Are there any special coupon codes for swing traders joining prop firms?
Yes, many prop firms offer special coupon codes and discounts periodically. Make sure to check current promotions or exclusive coupon codes available through reviews or promotional content.
How often can swing traders withdraw profits from prop firms?
Most reputable prop firms allow regular profit withdrawals, typically bi-weekly or monthly, depending on the firm’s policies. Reliable prop firms provide transparent, hassle-free payout procedures.
Do swing traders face additional fees for holding trades longer?
It depends on the firm. Many swing-friendly prop firms impose no additional fees for overnight or weekend positions. However, always verify the firm’s rules regarding overnight fees and policies prior to joining.
