The Step-by-Step Guide: How to Get Started With a Funded Prop Firm

by Belle

Introduction

If you’ve ever dreamed of trading the global markets like a Wall Street pro—but without risking your own capital—getting funded by a prop firm might be your best move yet. While it may sound intimidating at first, the process is actually pretty straightforward. All it takes is skill, discipline, and the right mindset.

In this guide, we’ll walk you through each step of the journey—from choosing a prop firm to earning payouts—and show you how Indian traders in particular can take advantage of this growing opportunity.

Why Choose a Funded Prop Firm?

Funded prop firms give you the capital, tools, and platform to trade various global markets—forex, indices, commodities, even crypto—without having to put your own money at risk. The catch? You need to prove you can trade responsibly by completing a challenge or evaluation.

Once you pass, you’re given a live trading account. You keep a large share of the profits and gain access to professional-level tools and support.

Step 1: Research and Pick the Right Funded Prop Firm

Not all firms are created equal. Some focus on specific asset classes, while others offer broader access. If you’re based in India, it’s even more important to find a firm that understands your unique needs—like local payment options and time-zone friendly support.

When comparing firms, consider:

  • Reputation: Look for firms with positive trader feedback and transparency.
  • Profit Split: What percentage of your profits do you keep? Some firms start at 90% and increase that share over time.
  • Market Access: Can you trade across forex, metals, indices, energies, and crypto?
  • Risk Rules: Understand the firm’s drawdown limits—both daily and overall.
  • Payment Options: UPI, crypto, or USDT withdrawals are especially handy for Indian traders.

FundedFirm is one example that checks all the boxes for Indian traders—offering tailored support, flexible evaluation models, and generous payout structures.

Step 2: Register and Select Your Evaluation Challenge

Once you’ve picked your firm, it’s time to register and choose the evaluation model that suits your style. Most firms offer either a 1-step or a 2-step challenge:

  • 1-Step Challenge: Hit a 10% profit target while staying within a 3% daily and 6% total drawdown.
  • 2-Step Challenge: Requires 8% in Phase 1 and 5% in Phase 2, with slightly different risk limits.

There’s no time limit to complete your challenge, which means you can trade at your own pace—no pressure, just performance.

Step 3: Pass the Evaluation

Here’s where your skills get put to the test. You’ll trade in a demo environment and need to meet profit targets without breaking any rules. Stay calm, focused, and consistent.

Keep in Mind:

  • No Same-Pair Hedging: You can’t buy and sell the same currency pair at the same time.
  • News Trading Is Allowed: Take advantage of volatility from economic events.
  • No Deadline: Trade when the market gives you the best opportunity.
  • Stay Active: If your account is inactive for 30 days, it may be deactivated.

This stage filters out impulsive traders—those who succeed are usually those with a solid plan and emotional discipline.

Step 4: Get Funded and Start Trading for Real

Once you pass, you’ll receive a funded live trading account—starting from $5,000 and going all the way up to $100,000 or more. You’ll now be trading real capital, and your profits (minus the firm’s small cut) are yours to keep.

It’s the dream: trade serious money, without the personal risk.

Step 5: Enjoy Payouts and Account Scaling

With consistent performance, you’ll enjoy a rising share of your profits:

  • Month 1: 90% payout
  • Month 2: 95% payout
  • Month 3 and beyond: 100% of profits are yours

Most payouts happen fast—often within 24 hours. On top of that, many firms offer account scaling opportunities. Prove your consistency and you’ll be eligible for larger trading accounts.

Step 6: Keep Learning and Growing

Passing the challenge is just the beginning. Great traders are always learning.

Use the firm’s resources—webinars, forums, mentorship programs—to sharpen your skills. Regularly review your trades, adapt your strategy to market changes, and stay plugged into the trading community.

You can also check out tips and insights from other traders on the Best Firm for Funded Trading in India: Funded Firm

Why FundedFirm Is a Top Choice for Indian Traders

Indian traders have unique needs—and FundedFirm seems to get that. Here’s why it stands out:

  • Local Payment Options: UPI, crypto, and USDT make deposits and withdrawals easy
  • Clear Rules: No fine print or vague guidelines
  • Unlimited Evaluation Time: No ticking clock—just focus on your strategy
  • Generous Payouts: Up to 100% profits after just three months
  • Market Access: Trade forex, indices, metals, crypto, and more—on the trusted MetaTrader 5 platform
  • News-Friendly Trading: Use high-impact events to your advantage

Real-Life Tips for Funded Trading Success

  • Stick to a Plan: Don’t just react—plan every trade.
  • Control Your Risk: Respect your drawdown limits.
  • Review Weekly: Reflect on wins and losses to improve.
  • Stay Cool: Emotional trading kills accounts.
  • Connect with Others: Join communities, share insights, and stay motivated.

Conclusion

Breaking into professional trading doesn’t require a Wall Street job anymore. With the rise of funded prop firms, Indian traders now have access to global markets, real capital, and a clear path to success—without risking personal savings.

Platforms like FundedFirm make it even easier with trader-friendly rules, flexible evaluations, and top-tier support.

Ready to start your journey as a funded trader?

👉 Join FundedFirm Today and trade on your own terms—with the tools, capital, and support you need to succeed.