What is TradingView?
TradingView is a well-known platform for trading. It has many features to help traders make smart choices. This platform is online and gives tools for making charts, getting market data in real-time, and joining a trading community. It is popular with both solo traders and prop firms. Prop firms, or proprietary trading firms, give traders money to trade. They like using TradingView because it makes trading easier and helps traders succeed.
To know more about how prop firms use TradingView, you can click here or read more on the topic.
Top Prop Firms Using TradingView
Here are some top choices:
Topstep
Topstep helps traders trade futures contracts. They have a special two-step test. First, traders show their skills on a practice account. If they do well, they get money for real trading. Topstep offers three account sizes:
- $50,000
- $100,000
- $150,000
It gives you leverage up to 1:100. This means you can trade with more money than you have. You can trade many things like:
- Stocks
- Gold
- Crypto
- Bond
- Metals
Topstep also gives free group coaching and other learning tools to help traders succeed.
FTMO
FTMO is a company where experienced traders can manage a funded account. It is worth up to $200,000. They trade in:
- Stocks
- Forex
- Indices
- Commodities
- Cryptocurrencies
Traders must pass a two-step evaluation to join. They can use platforms like:
- MT4/5
- cTrader
- DXtrade
They provide learning materials and ongoing help to traders.
Maverick Trading
Maverick Trading started in 1997. It helps traders by funding their accounts. Traders can trade stocks and options. Maverick Trading takes 20-30% of traders’ earnings. It gives them 70-80%. They provide leverage and options to increase buying power and help traders grow professionally.
City Traders Imperium
City Traders Imperium started in 2018 in the UK. It helps people learn trading and provides funding. Clients who pass the evaluation and get funding can share profits from 70% to 100% if they trade well. The firm has options for daily trading, long-term plans, and direct funding.
Earn2Trade
Earn2Trade is a company based in Wyoming, USA. They provide courses and practice accounts for trading futures. Students who succeed within specific guidelines can get funding from trading firms. The funding ranges from:
- $25,000 to $200,000
Earn2Trade offers three plans with fees from:
- $90 to $429
These plans are for subscribers.
How TradingView Makes Forex Trading Better for Prop Firms
Advanced Charts for Better Analysis
TradingView has advanced tools for charts. They help traders study currency movements closely. These tools show patterns and trends, helping traders find good times to trade.
Always Updated with Real-Time Data
Traders always get real-time updates. It provides live prices and market details instantly. This helps them decide quickly and smartly when to trade.
Customizable Alerts
TradingView offers alerts that you can personalize. You can choose when you want to be notified, like when prices change, technical signals appear, or important economic news comes out. These alerts help traders know what’s happening and take action quickly.
Social Trading
Social trading allows traders to share ideas and analyses. This helps everyone make better decisions and understand the market by learning from each other.
Multi-language Support
It supports many languages, so traders worldwide can use it comfortably in their own language and be part of the global trading community.
Connecting Your Funded Account to TradingView
Here are the steps to connect your funded account to TradingView, using Topstep as an example:
- 1. Make or log into your Topstep account.
- 2. Pick the challenge you wish to join.
- 3. Opt for Tradovate as your trading platform.
- 4. Sign up on Tradovate and activate the TradingView addon.
- 5. Log in to your TradingView account and link it to your Tradovate account.
Features to Look for in a Prop Firm Using TradingView
When choosing a prop firm that integrates TradingView, consider the following features:
- Security: Make sure they have strong ways to keep your information safe.
- Regulatory Compliance: They should follow the rules set by the government and the industry.
- Customization Choices: Options to personalize alerts, charts, and how you trade.
- Quick Trading: Speedy connections and fast trades.
- Learning Tools: Tools to help you get better at trading.
- Easy Deposits and Withdrawals: Flexible ways to pay and clear prices.
- Customer Help: Good support you can rely on, especially when it’s busy.
Conclusion
When you choose a prop firm through TradingView, you should look at security, rules, customization, how fast trades happen, learning materials, and support for help. Using TradingView’s tools can make trading better and help you succeed.
FAQs
Question: How does TradingView support trader education at prop firms?
Answer: TradingView helps traders learn with webinars, tutorials, and community forums that prop firms use to teach traders and make their trading skills better.
Question: Can traders at prop firms using TradingView access real-time market updates?
Answer: Yes, TradingView gives real-time updates on markets and lets traders set alerts, so they always know about price changes and important events in the market.