Prop Firms That Use TradingView --[Reported by Umva mag]

TradingView is an invaluable tool for traders of all levels, providing cutting-edge charting and analytical resources. The platform has made a significant impact on the trading community, and many proprietary (prop) trading firms have adopted it as a key part of their trading infrastructure.

This article will delve into the features that make TradingView popular among prop firms and highlight three key platforms that actively use TradingView for their trading activities.

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Funded Trading Plus

Funded Trading Plus is another notable prop trading firm that leverages the capabilities of TradingView. Specializing in forex and commodities trading, Funded Trading Plus offers a variety of account sizes to prospective traders.

They particularly appreciate TradingView’s extensive indicator library, which allows traders to analyze multiple markets with precision. TradingView’s social community feature is also a hit, enabling traders to share and debate trading ideas, helping them to refine their strategies. Get started with Funded Trading Plus by using coupon code MODEST and get a 10% Discount!
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FunderPro

FunderPro was founded in 2023 and based in Malta. Imagine managing up to $200,000 in capital with profit splits as high as 90%, all while trading forex pairs, commodities, indices, and cryptocurrencies, without risking your own money. What makes FunderPro stand out for me is its simplicity. Their two-phase evaluation process gives traders unlimited time to prove their skills. No deadlines, no stress. Pass the challenge, and you’re in, with no profit targets to worry about—, ust simple loss rules to follow.

Plus, you get weekly payments, starting just seven days after your first profitable trade. With institutional data feeds and access to live corporate accounts through a partnership with a tier-1 liquidity provider, you’re set up for success. And FunderPro’s TradeLocker platform? It’s sleek, cutting-edge, and built to make your trading experience smoother. They’ve even got educational resources to sharpen your skills, and their risk management dashboard is a game-changer. Trust me, if you’re looking for a firm that truly supports its traders, FunderPro should be on your radar.

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TradeDay

If you’re into futures trading, let me introduce you to TradeDay, a prop trading firm that makes futures trading feel accessible and rewarding. What I love about TradeDay is its straightforward approach. They offer a clear evaluation challenge to identify traders ready to move to the live futures market. No confusing rules, just a simple, transparent path to get funded. The firm, founded by industry veterans James Thorpe, Steve Miley, and Tera Vicker, goes the extra mile by offering coaching, webinars, and educational tools to help traders grow.

Whether you’re just getting your feet wet or already have some trading experience, TradeDay has something for everyone. From flexible platform options to a variety of account sizes, you’ll find a plan that fits your needs. What’s more, their profit-sharing model is incredibly attractive. Honestly, the more I looked into their resources and community support, the more I realized TradeDay isn’t just a platform; it’s a place where traders are nurtured and rewarded for their efforts.

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The 5ers

The 5ers is another standout in the world of prop trading. Their name reflects their mission, funding only the top 5% of traders. And I have to say, they’ve built a strong reputation. What’s cool about The 5ers is their commitment to providing instant funding, with capital access up to $4 million for the most skilled traders. They focus on forex, metals, and indices, so if that’s your trading style, you’ll feel right at home.

One thing I really appreciate is their transparency. The evaluation process is crystal clear, and they offer plenty of educational resources, like webinars and trading strategies, which are perfect for honing your skills. They even have demo accounts for beginners, so you can get comfortable before diving in with real money. Overall, The 5ers has created an environment where traders can thrive and grow.

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Earn2Trade

Let’s talk about Earn2Trade, a prop firm with a focus on education. This isn’t just a place to trade, it’s a place to learn and grow as a trader. What really sets Earn2Trade apart is its educational approach. During your subscription, you’ll get access to a trading simulator, where you can prove your skills and get funded upon successful completion. It’s a structured, clear progression ladder, with plenty of resources to help you along the way.

It’s worth mentioning that Earn2Trade focuses strictly on futures trading, so it’s ideal for those confident in navigating that market. Personally, I find their system appealing because it offers clear goals without being overwhelming. Plus, there’s no monthly fee once you’re funded—another nice touch. If you’re an experienced trader looking for a clear path into the world of professional futures trading, Earn2Trade might be the right choice for you.

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MyFundedFutures

Finally, let’s take a look at MyFundedFutures, which just launched in September 2023. If you’re a futures trader looking to get funded, this could be the perfect firm for you. What makes MyFundedFutures really appealing to me is the speed and simplicity. You can pass their evaluation in as little as one day, and they’ve done away with activation fees, which is a breath of fresh air in the world of prop trading.

Even better? You keep the entire first $10,000 of profit, which is a great incentive. Plus, you can manage multiple accounts at once, up to ten, giving you plenty of flexibility. And let’s not forget that MyFundedFutures is an offshoot of the successful MyFundedFX, so they come with experience in the funding space. For traders who want to get into futures trading quickly, without a lot of red tape, this firm is worth considering.
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The Drawbacks and How Firms Mitigate Them

No platform is perfect, and TradingView is no exception. Some common criticisms include limitations on the number of indicators that can be applied in the free version and occasional data feed lags. However, prop firms often mitigate these drawbacks by opting for TradingView’s premium plans that offer more resources.

Additionally, firms may integrate TradingView with other platforms or proprietary systems to create a more robust trading environment. By leveraging TradingView’s API, firms can even develop custom features tailored to their specific trading needs.

Community and Educational Aspects of TradingView

One of the most unique and powerful features of TradingView is its robust online community of traders, analysts, and enthusiasts. This network is especially beneficial for prop firms that aim to train and nurture trading talent.

Forums, interactive chats, and a plethora of shared trading ideas make it an invaluable resource for learning and skill refinement. Firms like TopStep, which already have rigorous training programs, can use these community features to complement their in-house training resources.

The educational content available on TradingView can also serve as a foundational or supplementary training ground for traders associated with prop firms. The platform offers comprehensive articles, webinars, and tutorials on various trading strategies, risk management, and market analysis.

Prop firms like Funded Trading Plus and Elite Trader Funding can leverage these resources to enhance the educational aspect of their trading programs, helping traders keep up-to-date with the latest market trends and strategies.

This is especially beneficial for firms focused on continuous learning and adaptation in the fast-paced world of trading.

Future Developments and Trends in Trading Technology

The world of trading is in a constant state of flux, driven by technological advancements and changing market conditions. Platforms like TradingView are continuously updating their features and capabilities to stay ahead of the curve.

The platform’s commitment to incorporating emerging technologies, such as AI and machine learning for market analysis, indicates a future where technology plays an even greater role in trading. Prop firms need to consider how they will adapt to or take advantage of these technological advancements to maintain a competitive edge.

Staying ahead in the trading industry requires more than just capital and skilled traders; it necessitates a forward-thinking approach to technology. As blockchain technology, decentralized finance (DeFi), and other innovations become more prevalent, trading platforms and prop firms alike must be prepared to evolve.

Firms should be looking at how they can integrate these new technologies to enhance trading performance, risk management, and operational efficiency. Prop firms that are quick to adapt to these changes are more likely to succeed in the increasingly complex and competitive landscape of financial trading.

Wrap-Up

In summary, TradingView has revolutionized the way trading firms operate by offering a host of features that make market analysis and strategy implementation more efficient. Firms like MyFundedFutures, Funded Trading Plus, and The 5ers are excellent examples of how TradingView’s functionalities can be utilized for maximizing trading performance.

Whether you’re a solo trader or part of a prop firm, the case for using TradingView is compelling. It provides a flexible, feature-rich environment conducive to making well-informed trading decisions, making it an essential tool in today’s trading landscape.

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The post Prop Firms That Use TradingView appeared first on Modest Money.

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