A prop trading firm, like Upcomers, provides traders with virtual capital to trade. Traders use their own strategies and receive a portion of the profits they generate. In the past, traditional prop firms operated as physical locations where experienced traders trained new traders, who often had to invest significant personal funds for training. These conventional prop firms were not very inclusive and posed high costs for regular traders to participate.
Upcomers differs from these firms in a few key ways:
Traders from around the world can join our online evaluation program at a much lower cost than traditional prop firms. This accessibility makes it easier for individuals to participate. The most crucial factor for entry into our program is whether a trader has a profitable strategy.
We provide all Funded Traders with virtual capital for trading on demo accounts during the evaluation process. This approach helps us manage risk for all traders and increases the number of traders who can find success on our platform simultaneously.