A Free Funded Forex Account is a trading account provided by a firm or company that gives you access to trade in the forex (foreign exchange) market with their capital instead of your own. Essentially, these accounts allow traders to engage in forex trading without risking their personal funds. Instead, the company offers the capital, and the trader is typically paid a share of the profits generated from the trades.
Here are the main features of a Free Funded Forex Account:
No Initial Investment from Trader: The trader doesn’t need to deposit their own money to start trading. The funding is provided by the forex firm or prop trading firm.
Profit Sharing: While you don’t risk your own money, you typically share a percentage of any profits made from trading with the firm. The profit split can vary depending on the program, but it usually ranges between 50% to 80%.
Performance-Based Evaluation: Some funded accounts require traders to pass an evaluation phase, which tests their trading skills and strategies before being granted full access to the funded account. This phase often includes specific rules and risk management guidelines that need to be adhered to.
Risk Management Rules: There are usually strict risk management rules to follow, such as limiting the maximum drawdown (loss) on the account to prevent significant losses.
Opportunity for Traders: A Free Funded Forex Account is especially beneficial for traders who may not have sufficient capital to trade at a higher level or who want to gain experience without risking their personal funds.
These types of accounts are often offered by prop trading firms (proprietary trading firms) or funded trader programs, and they typically require traders to demonstrate consistent profitability and risk management skills before getting full access to the funds.
Contact us
Address – 1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, SAINT Lucia P.O Box 838, Castries, Saint Lucia
Phone no – +97144471894
Website – https://winprofx.com/
