If you’re a skilled trader but lack the capital to grow your trading career, a funded trading account could be your breakthrough.
You’re not trading your own money with a funded account — you’re trading with capital provided by a proprietary trading firm (prop firm), like Falcon Funded. The goal? Trade profitably, manage risk, and keep a share of the profits.
In this guide, we’ll break down exactly how to get a funded account and share our top tips to help you pass a prop trading challenge with confidence.
What Is a Funded Trading Account?
A funded trading account is an account backed by a prop firm that allows you to trade the financial markets using their capital. In exchange, the firm takes a share of your profits while you keep the rest.
At Falcon Funded, traders keep up to 90% of profits, giving them a real opportunity to grow without risking their own savings!
Funded accounts work much like personal trading accounts but with a few key differences. The capital isn’t yours to withdraw at will, and you’ll need to follow specific rules set by the firm – such as profit targets, drawdown limits, and trading behavior guidelines.
These rules are designed to protect the firm’s capital while rewarding disciplined and consistent traders.
How to Qualify for a Funded Account
Most traders earn their funded account by completing a prop trading challenge, also known as an evaluation phase. This challenge is designed to test your skill, discipline, and ability to follow risk parameters. Here’s how it usually works:
1. Choose the right prop firm
Look for a firm with clear, fair rules, strong trader support, and transparent fees. Falcon Funded offers one of the most accessible challenge structures available.
2. Sign up for the challenge
You’ll pay a small fee to enter the challenge. This gives you access to a demo or simulated account where you can begin trading under real market conditions.
3. Hit the profit target while managing risk
At Falcon Funded, the Phase 1 target is 7.5%, with a generous 4% daily drawdown. There are no minimum trading days, so you can pass as quickly as you like.
4. Get funded and start earning
Once you pass the challenge and verification phase, you’ll receive a funded account with live capital. From there, you keep 85% of the profits you generate while continuing to follow the firm’s rules.
Top Tips to Pass a Funded Challenge
Passing a prop firm challenge can feel intense. But with the right approach, it’s absolutely achievable. Here are our top tips:
Master One Strategy First
Stick with a trading strategy you’ve tested and trust. Now isn’t the time to experiment with new systems or trade ideas. Consistency is key.
Know the Rules Inside Out
Each firm has its own policies on drawdowns, max loss, and trading styles. At Falcon Funded, the rules are straightforward. But it’s still important to read everything before you begin.
Mistakes like over-leveraging or trading during restricted times can disqualify you (even if you’re profitable.)
Manage Risk Like a Professional
Risking too much per trade is one of the biggest reasons traders fail challenges. Keep your risk per trade low (typically 1% or less) and stay well within the 4% daily drawdown limit.
Remember: passing the challenge is about survival and steady gains, not hitting home runs.
Prioritize Consistency Over Quick Profits
Prop firms are looking for reliable, long-term traders, not gamblers. Don’t chase big wins. Slow, steady growth shows maturity and risk control.
A consistent climb to 7.5% over a few days or weeks is better than swinging for one big move and blowing the account.
Keep a Trading Journal
Log your entries, exits, reasoning, and results. A journal helps you spot patterns in your behavior — both good and bad — and helps you make adjustments before it’s too late.
Stay Emotionally Grounded
Yeah, prop firm challenges come with pressure. It’s easy to overtrade or chase losses. Take breaks, review your plan, and approach each trade with discipline. Emotional control is as important as your technical skill.
Final Thoughts
Getting a funded trading account isn’t just a pipeline dream — it’s a real opportunity for traders who are prepared, disciplined, and committed to improvement.
If you can show that you manage risk, follow a plan, and trade consistently, you can earn firm capital and scale your trading to the next level. At Falcon Funded, we’re here to support that journey. Our flexible challenge, fair rules, and strong payout model are built to give traders the best possible shot at success.
Ready to get funded? Join a challenge and prove your potential today.
