Best Prop Firm Challenge Pass Service Provider

Best Prop Firm Challenge Pass Service Provider? Getting the right and legit prop firm challenge pass service providers has been the greatest challenge for investors looking to grow their finances leveraging on pro firms or proprietary trading firms. This article will help you understand how to determine the best prop firm passing service and also my top recommendation in the industry.

Top Prop Firm Challenge Pass Service Providers

There are a lot of proprietary trading firms out there, and it’s often difficult for traders to know where they should turn in the prop trading market. If you’re new to the world of prop trading, it’s important to learn the benefits of prop trading firms, and find which ones offer the most to potentially help advance your trading career. Here is a list of 4 Top Prop Firm Challenge Pass Service Providers.

1. Funder Trading

Majority of traders who have used some of these prop trading companies often know how complicated they can be. Prop trading firms may offer minimal customer service, over the top complexity, and lack of education. These are among some of the commonly-named drawbacks of prop trading. Funder’s day trading platform is designed for the everyday trader, by regular traders.

Funder Trading is also very unique in its approach to traders that sign up for their trading platform. All traders that sign up get both funding attempts and coaching packaged together. Why? Most traders need help and education if they truly want to pass the challenge and get funded. Funder Trading leans into that and gives every trader that joins live coaching and hefty education library as well.

• Sole Place To Get Options Funding – The only prop firm that lets you get stocks AND options funding without needing any certification or upfront trading capital (This is quite distinctive)
• Focus on Education & Customer Support – All members get live coaching included for free, and education to help you pass the challenge & Funder is known for its responsive US based customer service team
• Designed For Even The Most Beginner Traders – Funder focuses only on stocks & options, two asset classes most traders are familiar

2. TopStep 

As their grueling qualification process and prospect of getting right to a funded prop trading account with no risk of one’s own capital is certainly a great opportunity. The two-phase qualification-a Trading Combine followed by a Funded Account-is demanding but very fair in ensuring only talented traders will be able to access this funded capital for the trading pit.

While most of it has an extra charge, the highlight of TopStep is education and performance coaching. A lot of educational material is provided to the traders for improvement in trading. 

• Comprehensive Evaluation – The evaluation period at TopStep is designed to help traders prove their trading skills and risk management abilities. It consists of a Trading Combine and a Funded Account stage, ensuring that only skilled traders make it through to trade the funded capital.
• Education & Performance Coaching – Although most of this is an additional charge, Topstep provides a plethora of educational resources on their trading platform to help traders improve their trading skills. Additionally, they offer performance coaching services to provide personalized advice and strategies for traders.
• Community Support – TopStep has a strong community of traders who support each other through forums and social media groups. This community helps traders to share experiences, strategies, and get support from fellow traders.

3. FTMO

The firm’s evaluation system is meticulous yet fair. It ensures that only deserving candidates have access to funding, plus it offers the opportunity to scale and manage more capital with consistent success is another notable feature, offering traders the potential for increased earnings. FTMO’s reputable standing as an award-winning prop trading firm further underscores its commitment to fostering a conducive and rewarding trading ecosystem for its traders.

• Robust Evaluation System – To ensure only skilled traders gain access to its funded accounts, FTMO employs a two-step evaluation program. This process, which includes the FTMO Challenge and Verification stage, assesses traders on profitable trades and adherence to rules​.
• Supportive Environment – FTMO provides a supportive trading environment with educational resources, trading tools, and a community of traders. This aids in enhancing the trading skills and knowledge of both aspiring and seasoned traders​.
• Scaling Opportunities – With consistent success, traders have the opportunity to manage increased capital, thereby heightening their profit potential​​.

4. THE 5ERS

Based in Israel, The 5ers distinguishes itself in the world of proprietary trading with its unique funding approach. This model accommodates both novice and experienced traders interested in Forex, indices, and metal trading. The firm’s profit sharing arrangement provides traders with the necessary capital and support, enabling them to engage in a broad range of trading.

• Diverse Trading Opportunities – Caters to Forex, indices, and metal trading, offering a range of trading opportunities.
• Unique Funding Model – The firm offers a distinct funding model, providing the necessary capital for traders to engage in trading activities.

Pros Of Challenge Pass Service Use

• Time-saving: This would save time for the traders by outsourcing the challenge process, as this relieves them from making strategies or understanding the requirements of challenges.
• Expertise Used: This would assuredly provide experienced traders with proven strategies that can assure passing the challenge better by learning from their experience and techniques.
• Systematic Approach: Provides a framework that can be used to overcome the challenge, so through the risk management plans and performance tracking, one will be able to meet the challenge criteria effectively.
• Educational Resources: Most of the services render educational materials, tutorials, and coaching that may help traders enhance their skills and understanding of the market.
• Risk Management: Part of the service package of most professional services includes risk management strategies for not violating challenge rules or avoiding extreme drawdowns.
• Performance Monitoring: It offers periodic feedback and performance reviews, allowing one to spot strengths and weaknesses, enabling him/her to make changes and improvement in the strategy to optimize it.
• Access to Advanced Tools: Provides access to sophisticated trading tools and platforms that could help in strategy development and execution.
• Motivation and Accountability: A structured plan supported can give traders motivation or help them become accountable to their objectives.

Cons Of Challenge Pass Service Use

• Costs: Challenge pass services are expensive, and the investment does not come with any guarantees that it will be successful. Traders need to look at costs relative to potential benefits.
• Over-Reliance: The more one depends on the service, the less personal skills and knowledge of trading will be developed, possibly to the detriment of growth in the long term.
• Quality Difference: There is immense variation in the effectiveness of the services. Not all service providers actually can provide the results or support promised.
• No Success Guaranteed: Even a challenge pass service cannot guarantee success since trading outcomes depend upon the market and the performance of the trader himself.
• Incompatible Services: There might not be an exact fit with the specific requirements or rules of each prop firm, and it could affect the performance level.
• Distrust: Some of the service providers offering challenge pass services may raise concerns about their trustworthiness and transparency. Ensuring validity of the service is important.
• Low Personal Involvement: In this respect, using any sort of service lessens personal involvement with the process of trading. This might be a downside to those who would like hands-on engagement in trading.

How to Know a Good Passing Service Provider

The following steps or guides will help you determine an expert and legitimate prop firm passing service provider.

• Service pricing: The first step to determining a legitimate prop firm passing service is to pay close attention to the pricing they collect for the service. 
• Reviews and Passed Account Proofs: A reputable prop firm challenge pass service providing company will always share updates of proofs and reviews from previously passed accounts. This is a good practice to strengthen the confidence of prospective clients. A good example is what you have on Surgefunded. They have an active telegram channel where updates are being made regarding passed accounts and reviews from clients. 
• Manual Trading: The big prop firm challenges service providers to manually trade their client’s accounts. In other words, trading is usually done manually to maintain prop firm rules and best practices. However, sometimes clients may want the account traded with a trading bot and in this case, the company will have to adjust to meet the client’s needs. Surgefunded traders primarily trade client accounts manually and can also use their programmed trading bot upon the client’s request.
• Trading Duration: A lot of illegitimate prop firm passing service providers tend to promise unrealistic duration to get an account passed and this is because they are just after getting their service fees and may eventually not get their client’s accounts passed. Pay attention to companies with a realistic trading duration and at least a minimum of one month turnaround time.
• Refund Policy: It is important to look out for companies that are very confident and result-driven over time. A refund policy builds more client trust and confidence and reduces risk on the client side.

Frequently Asked Questions

What kind of guarantee is provided by prop firm challenge pass service providers?

• Guarantees vary by service provider. Some offer a money-back guarantee if you fail the challenge, but others may simply guarantee support or the number of attempts at the challenge. This would be better read from the terms and conditions for each service. Because guarantees vary with each provider, some may be offering a money-back guarantee, but this depends on one failing to pass the challenge. Others might guarantee a certain level of support or a certain number of attempts at the challenge. This would be better read from the terms and conditions of each service.

How long does the whole process generally take?

• The time this process took would usually depend on the provider and the complexity of the prop firm challenge. It normally takes a few weeks to even a few months. It involves the first check, the practice, and eventually, the period of the challenge itself.

Can using a challenge pass service negatively affect my trading career?

• While a pass service will be supportive and give you the boost to pass, you have to use it as a learning tool and not as your crutch. You should avoid being dependent on the service at the expense of developing your trading skills. Make sure you balance using the service with personal education and practice.

What if I fail the challenge?

• Many services have a policy on failed attempts. Some may provide additional support, give partial refunds, or allow another attempt to take the challenge. Check with the refund or retry policy of the service provider to understand options in case of failure.

Is it legal and ethical to use a pass service for prop firm challenges?

• The usage of a challenge pass service is legal if you follow all the rules and guidelines of the prop firm. Check also that this service operates transparently, meaning its methods are legal and ethical. Always check the validity with the service whether it is in line with the stated needs for the prop firm.