Level up your FOREX trading with proprietary firms. If you’ve been dabbling in the FOREX market with increasing success, you might have ambitions that exceed your investment abilities. Rather than assuming far more risk than you can reasonably handle or missing out on the opportunity to capitalize on diligent research, you can pair your funds with monies fronted by these companies.

Doing so is a great way to optimize your returns with high-value transactions while limiting your transactional costs. Read on to discover some impressive ways the right prop firm can elevate your FOREX trading game.

Gain Access to Multiple Markets and Instantly Diversify Your Portfolio

One of the biggest challenges in aggressive FOREX trading is finding ways to mitigate substantial risk. After all, the FOREX transactions with the highest profit potential tend to have the greatest amount of risk. Diversification has consistently proven to be one of the most effective tactics for risk mitigation. This is especially true when diversification uses multiple market types and financial instruments.

Many prop firms make this possible even for new investors with limited capital. When working with these companies, you can spread your risk across multiple FOREX trades, including swing and position trading. You can also leverage their funds to trade stocks, derivatives, commodities, and futures.

Keep a Large Portion of Your Profits

The beauty of working with prop trading firms is that your portion of the profits from each successful trade will far exceed your portion of the initial stake. In essence, you get paid for making profitable trades on behalf of these companies. While profit-sharing agreements vary from one proprietary firm to the next, most offer at least 20% to 30% of all gains.

Choose From a Diverse Range of Account Models and Sizes

You don’t need much money to start with prop firms. In fact, most offer a scalable range of account sizes and models to accommodate ambitious traders as their skills and wealth grow. If you want to test the waters rather than dive right in, you can find companies with starter accounts with minimum deposits of just $5k. As your comfort levels increase and when you’re ready for increased flexibility, there are also accounts with minimums of $10k, $25k, and $50k, as well as accounts with minimum balances of $500k.

Don’t Let Limited Experience Hold You Down

In addition to starting a prop trading firm account with limited money, you can also get your start with limited trading experience. You don’t have to have a lengthy and proven track record of success in the FOREX market to work with these entities.

Most firms simply have applicants complete several challenges in simulated markets to gain approval. Although you might not get access to the highest-value trades right away, you can start building your relationship with a reputable and prove your worth at lower levels.

Get Access to Hot Tips and Excellent Sources for Research

Prop firms are vested in the success of the traders they work with. As such, many provide access to helpful sources for research and general trading mastery. By forging these partnerships, you can enjoy exponential growth as a trader by learning many of the same trading strategies seasoned investors use. Some firms even have structured courses and programs that are offered for free or at discount prices for account holders.

Leverage the Latest and Most Cutting-Edge Trading Technology Without Paying for It

Speed is often key to success in FOREX trading. From having real-time access to critical data to leveraging the latest and most innovative analysis tools and trading platforms, having a relationship with a prop firm will instantly boost the technology at your disposal.

Get a Mentor

Many proprietary trading firms offer education and training, and some also assign their account holders mentors. Whether you’re able to communicate with experienced, in-house traders on social media or via chat platforms, you’ll always have someone to guide and inform your decisions when you need a second opinion.

Proprietary trading firms are making it easy for entry-level FOREX traders to step up their game. These companies give people the capital they need to make major moves. Some also offer mentoring services, educational resources, trader tips, and other perks for honing and expanding market skills.