5 Best Prop Firms For Swing Trading

While every other firm in our list simply allows overnight and weekend trading, FTMO has a dedicated account for swing traders. It has no overnight or weekend restrictions, no news trading prohibitions, and consistency rules. Traders can choose to trade forex, crypto, and indices with the swing account. 

FTMO knows how to cater to traders since it has a long track record that includes serving more than 3.5 million customers worldwide and more than half a billion dollars paid to prop traders. Let’s dive more into what I liked about FTMO.

• Clear and Transparent Rules: FTMO clearly lists all its rules and conditions in the main and the FAQ pages. You don’t have to waste time reaching out to support and clarifying little things.
• Built for Swing Traders: As mentioned above, the account is dedicated to swing traders. You won’t find any day trading rules set in between, such as the inability to trade news or closing out trades before the end of the day.
• Clean Drawdown Structure: Traders have to obtain a 10% profit while maintaining the 5% daily and 10% overall drawdown limit. The daily loss resets at midnight, and the maximum loss floor stays fixed. This means that there is no trailing element chasing your highest equity. Your trading cushion does not tighten as you hold your position for several days. 
• A Scaling Path: Every four months, you get a 25% increase in account balance provided that you made 10% profit, processed two rewards, and made a profit in the final cycle. Your profit shares also increase by 10% to 90% once you enter the plan. Collectively, you can trade up to 2 million dollars in trading capital. The profits can be kept in your account and can be used to increase the drawdown buffer. This is a genuine advantage for traders who think long term.
• Payouts: FTMO offers a wide range of withdrawal options, including bank wire, Visa or Mastercard instant transfer up to $20,000, Skrill up to $3,000, and cryptocurrency. You get your challenge fee back with the first withdrawal. Payouts can be requested after 14 days onward once the funded account is active. 

If 2 million dollars is not enough, you can always go for 4 million dollars with Funded Next. The stellar product line has 4 different challenges with options to trade overnight and on the weekend. This gives you additional flexibility to hold your trade long-term with the added option of various account types. Let’s dive into what it offers us.

• Four Account Options, All Swing-Trading Friendly: The four trading challenges include Stellar 1-Step, Stellar 2-Step, Stellar Lite, and Stellar Instant (instant funding). The 2-step challenge can be compared with one at FTMO. It requires you to obtain an 8 percent profit with a max drawdown cap at 10%. The instant account is best for those who want to start trading right away.
• Swap Costs: Traders can choose to go swap-free by paying 10% more for the challenge. This is the best option for swing traders, as overnight fees can eat up your profits, especially if you plan on holding trades for the long term. 
• No Minimum Trading Days: Once you reach the funded stage, there are no minimum trading day requirements. On the challenges you have to trade for at least five per phase for the 2-Step and Stellar Lite, two days for the 1-Step.
• The Strongest Scaling Structure: You will get a 25% balance increase if you have achieved at least 4% growth in each qualifying reward cycle and have a minimum active period of two months. Non-US traders also get a bonus of 15% of the original challenge profit target from the first scale-up event onwards.

BrightFunded has by far the highest leverage available for swing accounts at 1:100. Most swing accounts camp the leverage at 1:30. The reason behind this is still unknown. From my perspective, they want traders to trade with lower lot sizes so the company can judge their trade handling abilities. Nonetheless, Bright Funded has a lead in this regard. It offers a leverage of 1:100 on forex. 

• Extensive Functionality: Traders can employ their trading algorithms on the MT5 platform. Bright Funded offers a total of 95 instruments, including forex, crypto, indices and commodities. A swap-free add-on is available for swing traders, and it is also possible to hold trades over the weekend. I guess you already guessed this, as it made our top 5 list. 
• No Consistency Rules at Any Stage: There is no consistency rule whatsoever across all accounts. If you are a swing trader and profit from two or three long runners, you won’t be penalized for it. The company has no daily profit caps, minimum number of profitable days required, and distribution requirements on how profits are spread across the calendar.
• Rewards and Bonuses: Traders can earn a 15% Evaluation Profit Reward on all their Evaluation Phase Profits. This means once you pass the evaluation and request your first withdrawal, you’ll receive 15% of your total evaluation profits as well. The company also offers tokens as you go through the evaluation stage, which you can use for perks such as more drawdown, free challenges and discounts on new challenges

The5ers was formed in 2016 and has served over 336,000 traders since then. There are several reasons why I picked it: no minimum profitable days requirement, no consistency rule, and no time limit on programs from start to finish. The only caveat is the 30-day inactivity rule, which is not unusual. While it also offers scaling up to $4 million, I didn’t choose it for the best scaling program, as the capital is achievable depending on the program you choose, i.e. $500k with High Stakes and $4 million with hyper growth. FundedNext is a bit more consistent and offers more, e.g. Stellar 1-Step, Stellar 2-Step, and Stellar Lite up to $ 4 million and Stellar Instant up to $2 million.

• No Minimum Profitable Days: Once you clear the challenge stage, you are not required to maintain the minimum number of profitable trading days. If we combine this with an unlimited time limit to pass the challenge, we have a solid option to trade without any time pressure.
• Genuine EA Support: You can trade with any EA of your choice, provided it doesn’t use tick scalping, latency arbitrage, or other exploitation strategies. The firm also has its own set of EA tools, which is something not many offer.
• Dedicated Crypo and Futures: You can request withdrawals every two weeks. They are processed as processed via Rise, cryptocurrency, bank transfer, or as Hub Credits applied directly to your dashboard. Crypto payments come with a wide range of network support, including USDT TRC20, USDC ERC20, ETH, and LTC.

E8 Markets has tons of trading account types, with E8 One, E8 One Crypto, E8 Pro Forex, E8 Pro Crypto allowing swing trading. You also have the added option to get a 100% payout with most. In addition to that, it has a special E2 pro account that can be said as the most swing-friendly option. It follows a 1:1 drawdown-to-profit ratio and is also swap-free with an add-on. You can obtain the account by passing a single-step challenge. At the funded stage, you can withdraw your profit every single day, capped at 2% max. 

• 100% Profit Payout: Traders have the ability to get 100% of their profits at a small added fee. This is available with most programs, including E8 Pro and E8 One for both forex and cryptocurrencies. You can process your payouts via bank transfer, cryptocurrency or to your card.
• Immediate Cashout: Their Signature E8 Pro program allows you to withdraw your profits each trading day. As mentioned above, it is capped at 2%. The company says it has over $74,000,000 in earnings paid to E8 traders. The figure is a bit far, though, with the numbers we have from Payout Junction stating a total of $40,198,692 in payout. Nevertheless, the amount is huge both ways. 
• Large Account Sizes: You can trade up to half a million dollars in the first go at E8 markets. They offer a $500k account with the One and Pro challenges, which you can buy at a 40% discount if it’s your first challenge.