Selecting the right proprietary trading firm is crucial for traders who want to succeed. With many options available, it’s important to understand the differences between traditional prop firms and multi-instrument prop firms. This blog compares Funded Elite, a traditional prop firm, with The5ers, a popular multi-instrument firm that supports Forex, commodities, and indices trading.
Traditional prop firms like Funded Elite typically allow traders to access a wide variety of financial instruments, such as stocks, Forex (currency pairs), and commodities. These markets are easier for beginner traders and offer greater diversity in trading styles. Traditional firms usually operate on a one-time payment basis, providing transparency in terms of cost and making it ideal for those who prefer a clear financial structure.
On the other hand, multi-instrument prop firms like The5ers provide funding for a range of markets, including Forex, commodities, and indices. While futures trading is available, The5ers also accommodates traders interested in Forex and commodities, making it a more versatile option for those looking to trade multiple asset classes. These firms typically operate on a pay-as-you-go basis, with some programs requiring monthly payments.
The5ers offers several programs tailored to different trading levels:
In contrast, Funded Elite provides more flexibility with its account options:
Funded Elite offers some of the highest profit splits in the industry, with traders able to keep up to 95% of their profits. This allows traders to retain more of their earnings, which is critical for scaling trading strategies and maximizing long-term profitability.
The5ers, on the other hand, offers a profit split starting at 50%. This can increase up to 90% depending on the program and performance. While The5ers has a competitive profit split, Funded Elite offers one of the highest splits in the industry, making it a more attractive option for traders looking to maximize their earnings.
The5ers as elaborate above offers a vast amount of different account types with different pricing structures. For instance the $100,000 high stakes account costs traders $495 which is relatively high but comes with a conditional $40 bonus and a refund on successful completion of the funded account challenge.
Funded Elite uses a one-time payment model for each of their different accounts types. A $100,000 account with Funded Elite can be purchased for a one-time fee of $349, providing traders with clarity on their costs and eliminating the need for recurring monthly payments. Funded Elite not only offers a wide range of account types but also highly competitive rates in the industry.
Funded Elite offers several unique advantages that can make a significant difference for traders:
These Advantages among others enable traders to gain an edge and one up their trading peers along their journey in becoming a fully funded trader!
If you’re ready to take control of your trading journey and enjoy the benefits of higher profit shares, immediate access to capital, and a Second Chance to improve, Funded Elite is the perfect choice for you.
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