While part one of this article introduced you to some of the best prop firms that allows HFT bots and other automatic trading tools, part two will reveal more HFT supported prop firms and also dig more into the advantages, challenges, and considerations of using automated trading systems with prop firms.
In the evolving global financial market trading, the ability to leverage advanced technologies such as High-Frequency Trading (HFT) bots, Expert Advisors (EAs), and algorithmic trading has become crucial for many traders.
A number of prop trading firms are solving this need by allowing traders to leverage the power of High Frequency Trading bots and advanced EAs to pass the evaluation stage of the account. With this feature in place, traders have a chance of passing the evaluation in a few minutes and with less stress.
Part Two: Prop Firms that Allows HFT bots
Without doubt, Infinity Forex Funds stands out as one of the biggest prop firms that allows HFT bots, EAs and Algo trading in the industry, we have written a detailed review of the prop firm here.
Here are other prop firms supporting the use of HFT, EAs, and all kinds of automated trading systems, we have discovered.
1. Tradicave 1 Phase HFT Adventures
One phase HFT permitted advanced hybrid prop firm, Tradicave offers traders a gamified trading experience with a comprehensive reward mechanism. They strived to create an environment where learning, enjoyment, and rewards are seamlessly intertwined throughout the trading journey
- Tradicave 1 Phase HFT permitted account types, sizes, and fees:
– $15,000 account = $148
– $25,000 account = $248
– $50,000 account = $358
– $100,000 account = $548
– $200,000 account = $988
– Minimum Trading Days: 1 day
– Profit target: 10%
– Daily drawdown: 5%
– Maximum Drawdown: 10%
– Leverage: 1:100
– Broker: Eightcap
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2. Algo Forex Funds
Algo Forex Funds has 6 HFT Premium 1 phase evaluation that comes with a generous daily drawdown limit of 6%, an overall drawdown limit of 20%, no minimum trading days, and unlimited time to pass.
- Algo Forex Funds HFT Premium 1 phase challenge packages and pricing:
– $50,000 account = $397
– $100,000 account = $589
– $250,000 account = $999
– $500,000 account = $1,899
– $800,000 account = $2,989
– $1,000,000 account = $3,699
– Minimum Trading Days: 0 days
– Profit target: 6%
– Daily drawdown: 6%
– Maximum Drawdown: 20%
– News Trading: Allowed
– Leverage: 1:100
– Broker: FXDD
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3. Sure Leverage Funding
Sure Leverage Funding allows traders the opportunity to pass their challenge faster, get funded and start trading without wasting of time. Offering a lower profit target of 6% which is a bonus to how faster a trader can reach the profit target.
- Sure Leverage Funding 1 Step HFT Challenge account types, sizes, and fees:
– $10,000 account = $130
– $25,000 account = $290
– $50,000 account = $390
– $100,000 account = $590
– $200,000 account = $990
– Profit target: 6%
– Daily drawdown: 4%
– Maximum drawdown: 8%
– Minimum Trading Days: 0 days
– Maximum trading days: Unlimited
– Leverage: 1:100
Get your Sure Leverage Funding HFT supported challenge.
4. Optimal Traders Algo
Optimal Traders 1-Step Algo is a trading package that allows the use of HFT on their prop firm challenge. The trading package comes with 0 minimum trading days and allows weekend trading. This means that once a trader passes the challenge with the use of HFT bot, he/she can get funded immediately and start trading live.
- Optimal Traders 1-Step Algo Challenge account types, sizes and fees:
– $25,000 account = $289
– $50,000 account = $389
– $100,000 account = $589
– $200,000 account = $999
– Minimum Trading Days: 0 days
– Profit target: 10%
– Daily drawdown: 4%
– Maximum Drawdown: 8%
– Weekend Trading: Allowed
– Broker: Raze Global Markets
Get Optimal Traders 1-Step Algo Challenge
5. Fast Forex Funding
Fast Forex Funding one phase HFT challenge enables traders to unlock supreme trading potential in only One Phase evaluation. It has up to 90% profit split, backed by up to 1.2 million in funding. Traders can trade anytime, hold positions over weekends. Enjoy limitless possibilities with no more rules after their third payout.
- Fast Funding 1Phase HFT challenge account types, sizes, and fees:
– $10,000 account = $139
– $25,000 account = $247
– $50,000 account = $389
– $100,000 account = $529
– $200,000 account = $959
– $500,000 account = $2,359
– Profit target: 7%
– Daily drawdown: 5%
– Maximum drawdown: 15%
– Minimum Trading Days: 1 day
– Maximum trading days: Unlimited
– Weekend Hold: Allowed
– Leverage: 1:30
– Broker: Eightcap
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6. Genesis Forex Funds
Genesis Forex Funds recognizes the distinct trading styles and preferences of each trader, which is why they provide a variety of account choices designed to align with your specific requirements. The HFT bot supported account allows you to pass the challenge fast and easy without the need for manual trading.
- Genesis Forex Funds 1 Step Evaluation account types, sizes, and fees:
– $5,000 account = $89
– $10,000 account = $119
– $25,000 account = $247
– $50,000 account = $347
– $100,000 account = $497
– $200,000 account = $897
– $500,000 account = $2,197
– Profit target: 10%
– Daily drawdown: 5%
– Maximum drawdown: 10%
– Minimum Trading Days: 0 day
– Maximum trading days: Unlimited
– Leverage: 1:30
– Broker: Eightcap
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Advantages of HFT Bots and EAs in Prop Firm Trading
There are several advantages of using HFT bots to pass prop firm challenge as well as some disadvantages
1. Increased Efficiency and Speed:
HFT Bots or Automated trading systems operate without emotional bias and execute trades at lightning speed, taking advantage of even the smallest market movements.
2. 24/5 Trading Capability:
Prop firms that allows HFT bots and EAs trading enables traders to trade around the clock, ensuring you never miss out on potential trading opportunities across different markets and time zones, even while you are away or asleep.
3. Improved Risk Management:
These systems can be programmed with strict risk management rules, helping traders adhere to their risk tolerance levels and avoid certain losses.
4. Consistency in Execution:
Unlike manual trading, High Frequency Trading and Expert Advisors automated systems execute trades consistently and accurately, reducing human errors and increasing reliability.
Choosing a Prop Firm that Allows HFT bots, EAs and Algo
When selecting a prop firm for automated trading, it’s important to consider the following:
1. Evaluation Criteria:
Ensure that the prop firm’s evaluation process aligns with your trading style and that their rules accommodate the use of EAs and HFT bots.
2. Trading Restrictions:
Be aware of any restrictions that may apply to automated trading systems during the evaluation or funded stages, such as limitations on certain strategies or time frames.
3. Fee Structure and Profit Sharing:
Analyze the fee structure and profit-sharing models of the prop firms to ensure they are favorable and align with your financial goals.
4. Support and Resources:
Opt for firms that offer robust support and resources, including educational materials, technical support, and platform compatibility, to enhance your trading experience.
5. Reputation and Reliability:
Choose a prop firm with a strong reputation in the industry, ensuring that they are reliable and provide a fair and transparent trading environment.
Challenges Faced by HFT bots, EAs and Algo Trading Systems
Despite the numerous benefits of HFT supported prop firms, there are challenges associated with using these types of EAs and HFT bots:
1. Market Volatility:
Automated systems can struggle during periods of high market volatility, leading to unexpected outcomes if not properly managed.
2. Technical Glitches:
Software malfunctions or connectivity issues can disrupt trading activities, potentially resulting in losses if not addressed promptly.
3. Over-Optimization:
The temptation to over-optimize trading algorithms can lead to systems that perform well in backtests but fail in live markets.
4. Compliance:
Ensure your trading strategies comply with supported requirements of the prop firm, especially those with strict trading rules and guidelines.
Maximizing the Benefits of HFT Supported Prop Firms
In conclusion, the integration of EAs, HFT bots, and algorithmic trading within prop firms presents a wealth of opportunities for traders. By carefully selecting a good prop firm that allows HFT bot and EAs, understanding the advantages and limitations of automated trading, and staying informed about market conditions, traders can significantly enhance their trading performance and achieve their financial objectives.
Whether you are a novice or an experienced trader, leveraging automated trading tools can revolutionize your approach to the financial markets, making trading more efficient, effective, and enjoyable.
For more information and to explore the specific offerings of the top prop firms, revisit part one of this article and consider the insights shared in part two to make informed decisions in your trading journey.
