One common issue experienced by many traders is the lack of sufficient funds to finance their trading accounts. Numerous traders have gained expertise in technical analysis, fundamental analysis, and the necessary psychological aspects of trading. However, they find themselves unable to fund their accounts due to various reasons.
Fortunately, some firms have recognized this potential and are willing to provide funding for trading accounts to traders who demonstrate trading proficiency.
In this article, I will introduce you to a pro firm that gives funded account to synthetic indices traders. Most prop firms offers funded account only to forex and stock traders but thanks to Consummate trader.
Prop Firms for Synthetic Indices
Among the prop firms available, Consummate Traders is the most trusted firm that offers funded account to synthetic indices traders.
Unlike other firms that primarily focus on forex and stock markets, Consummate Traders has recognized the potential in synthetic indices and offers funded accounts for traders eager to trade this exciting financial instrument.
Consummate Trader Challenge and Account Options
1) Trading Challenge: Consummate Traders challenge consists of two phases. In the first phase, traders must to make an 8% profit on the the account size within one month, while the second phase requires traders to make a 5% profit while maintaining a maximum daily loss of 6% of the account size.
2) Account Size: The firm offers various account sizes, including $5,000, $10,000, and $20,000, which come with corresponding fees of $99, $189, and $249, respectively.
3) Leverage: Traders can benefit from a leverage of 1:100, allowing them to optimize their trading positions effectively.
4) Profit Split: The profit split is set at 70%, giving traders a substantial share of their gains. Traders are required to trade for a minimum of 7 days during the challenge phases, and reaching the profit targets within the specified time frame is key to moving forward in the program.
Is there any prop firm for synthetic indices
Yes, Consummate trader is a popular and trusted prop firm that offers funded account to synthetic indices. They offer $5,000, $10,000, and $20,000, for a corresponding fees of $99, $189, and $249, respectively.
Conclusion
If you are looking for prop firms for synthetic indices, Consummate Traders is the prop firm to consider. With their innovative funding program tailored specifically for synthetic indices traders, they stand out as a reliable and trusted platform. By offering a flexible trading challenge, various account options, competitive leverage, and attractive profit-sharing, Consummate Traders has earned its reputation as the go-to prop firm for traders interested in exploring the potential of synthetic indices.