Forex Prop Firm September Statistics- How many Passed? (2024)

FAQs

How many people pass prop firm exams? ›

The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

Forex Prop Firm has released the challenge passing rates for September 2023, shedding light on the success rates of traders participating in their prop trading programs. Here are the Forex Prop Firm September Challenge Statistics: 1-Step Challenge Pass Rate at 10.59% 2-Step Challenge Pass Rate at 13.78%

Overview: Apex Trader Funding is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts the highest pass rate for its evaluation program out of all the futures prop firms on this list. It is also by far the most friendly option for beginner futures traders.

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place.

This is a popular way for traders to prove their skills and potentially secure funding from a prop firm. However, passing this challenge can be quite daunting and requires a lot of hard work and dedication.

In Summary

Fidelcrest is one of the most transparent and trusted prop trading firms. It features a two-step verification process and offers micro prop trading accounts from $15,000 for a one-time evaluation fee of €99 and unlimited retrials if traders do not violate the rules.

They're given harsh targets, limited time, no support, and huge leverage – a perfect storm! It's not surprising that 95% of traders fail their challenges!

The most common reasons traders fail prop firm challenges are simply overleveraging their trades, not understanding the rules, and not having a profitable trading strategy. In this article, we'll break down the 6 most common reasons traders fail prop firm challenges and what you can do to avoid this happening to you.

What percentage of people are successful at forex trading? ›

Forex trading is a popular way to make money, but it's also a risky business. Many people start trading Forex with the hope of getting rich quick, but the reality is that most Forex traders fail. So, how many people actually succeed in Forex? The exact number is difficult to say, but estimates range from 5% to 10%.

Becoming a funded trader with a prop firm involves showcasing your trading skills and adherence to risk management during an evaluation process. While the difficulty can vary, it's achievable with consistency, dedication, and a solid trading approach.

It is estimated that only 4% of Forex traders succeed with prop firm challenges, and only 1% of traders can generate profits consistently without violating any rules.

How hard is it to get a prop firm (become a funded trader)? - Quora. Becoming a funded trader with a prop firm involves showcasing your trading skills and adherence to risk management during an evaluation process. While the difficulty can vary, it's achievable with consistency, dedication, and a solid trading approach.

To become a funded trader, you'll have to pass two or three rounds of challenges set by the prop firms. They aren't easy! The prop firms bet a large amount of capital on their funded traders. As such, they set challenges to ensure that the traders who apply are serious about trading and have sufficient knowledge.