A Look at Trading Platforms
Traditional Brokerages
Brokerages are often the first and straightforward option for traders. Traders are given a platform through which they can invest their money in order to buy or sell stocks, commodities, options and more. Brokerages charge fees for providing this facility along with commissions of the profits earned by traders. Access to trading tools are also offered based on the brokerage chosen which enhances the traders’ ability to understand the market sentiment and make more accurate trading decisions.
Prop Trading Firms:
Prop firms are a relatively newer trading platform through which traders can access much higher levels of capital by trading the funds of the firm after they purchase a prop firm trading account and clear its respective challenge phases. Traders who opt for this approach are tasked with proving their skills as a trader by hitting specified profit targets (eg. 8%) while simultaneously avoiding breaching the daily drawdown limit (eg.5%) and the maximum drawdown limit (eg. 10%). Prop firms typically also give traders an added advantage by covering all the losses associated with losing trades!
Once a trader has successfully cleared these phases they can then trade a substantially higher level of capital than they would otherwise have access to (eg. $5000 account can cost only $199). Different prop firms have different rules and regulations which must be followed in order to keep trading with the firms’ capital. Why Choose a Prop Firm?
At first glance the requirement of pass prop firm challenge may seem daunting but in reality a trader who fails to clear these conditions would have most likely lost their money in the markets anyway. A prop firm challenge can be seen as a test for the trader to prove to themselves that they truly have the talent and skills to succeed in the markets. Furthermore the fee paid when purchasing a prop firm account is refunded by several prop firms including The Talented Trader upon clearing the evaluation phases associated with the challenge. Prop firms, as mentioned above, offer traders the opportunity to trade higher levels of capital without risking any of their own funds as the firm covers 100% of the losses incurred. In direct comparison to brokerage , there is no comparison, traders who would be profitable through a broker would earn higher levels of profits with a prop firm due to the higher capital access. Several prop firms also offer additional services and unique offerings which make the trading journey all the more convenient and easy.
The Talented Trader: Your Best Choice
We, at The Talented Trader, have dedicated ourselves to providing traders with the best trading platform. All of the advantages of choosing a prop firm apply to The Talented Trader but with even more advantages!
We offer traders access to instant funding accounts where traders can bypass the evaluation phase and receive funded capital immediately after subscription ( within a few hours ). Traders opting for this can scale their account size and profit sharing split to even higher levels after months of consistent profitability.
What makes us stand out as one of the trading platforms is our advanced technology which leads to minimized latency. This essentially means traders experience significantly less lag while they trade, reducing the risk of losing portions of profits due to price movement before the trade executes. Furthermore, we support high frequency trading (HFT) which involves placing and exiting trades within very short intervals of time based on minute price movements. Our low latency technology is a perfect complement to HFT strategies.
Last but not least , we offer some of the most competitive prices in the market with our cheapest options going as low as $49. This high level of affordability makes it easy even for newbie traders to get access to funded capital and accelerate their growth.
What are you waiting for? 10x your capital and 10x your profits with The Talented Trader! Gain access to capital up to $2 Million. Register your email ID on: https://clientzone.thetalentedtraders.com/en/user/login Follow us on all our social handles to get up to date information on free challenge account give aways, promo codes and much more: