A lot of prop firms don’t like swing traders, especially the futures prop firms.
The reason is that there’s a risk when accepting traders who do swing trading. Daily gaps and weekend gaps can be a disaster for your prop trading account if you don’t follow good risk management techniques.
The good news is that there are plenty of prop firms that allow swing trading. And that’s what I bring to you here.
Let’s start with the list and then dive deeply.
List Of Prop Firms That Allow Swing Trading
Here’s the list of prop firms you want. All of them allow swing trading.
| Prop Firm | Profit Split | Cost | Max Balance | Rating | Review | Visit |
|---|---|---|---|---|---|---|
|
up to 90% | from €155 | $2,000,000 | 4.9 |
Read review | |
|
up to 90% | from $32 | $4,000,000 | 4.9 |
Read review | |
|
up to 100% | from $119 | $2,500,000 | 4.8 |
Read review | |
|
up to 90% | from $89 | $1,000,000 | 4.8 |
Read review | |
|
up to 80% | from $99 | $6,400,000 | 4.7 |
Read review | |
|
80% | from $80/month | $300,000 | 4.6 |
Read review | |
|
up to 80% | from €99 | $5,000,000 | 4.6 |
Read review | |
|
80% | from $55 | $1,280,000 | 4.5 |
Read review | |
|
up to 100% | from $33 | $400,000 | 4.5 |
Read review | |
|
up to 90% | from $65 | $2,000,000 | 4.4 |
Read review | |
|
up to 100% | from $39 | $2,000,000 | 4.3 |
Read review | |
|
up to 80% | from $55 | $3,000,000 | 4.2 |
Read review | |
|
up to 70% | from $97 | $160,000 | 4.2 |
Read review | |
|
up to 85% | from $129 | $2,000,000 | 4.2 |
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|
75% | from £299 | $10,000,000 | 4.1 |
Read review | |
|
up to 90% | from $26/month | $300,000 | 4.0 |
Read review | |
|
up to 90% | from $129 | $200,000 | 4.0 |
Read review | |
|
up to 90% | from $129 | $1,500,000 | 3.0 |
Read review |
How To Choose The Best Prop Firm With Swing Trading
The thing here is that not all prop firms are equal. This is actually good because every trader has different goals and requirements, and different firms fit different needs.
For example, you may just need to swing trade during the week, or you may also want to swing trade over the weekend.
You also have your own requirements for sure.
For that reason, I developed this handy tool. It lets you compare different prop firms, feature by feature until you find the ones that match what you’re looking for.
Select the firms you want to compare and check the results:
Compare Any Prop Firm
Tips To Choose A Prop Firm With Swing Trading Challenges
Prop firms tend to have different challenges to adapt to different types of traders.
For this reason, swing trading may be allowed on some challenges, but not on others. Be careful with this and choose the one that is appropriate for your needs.
Some prop firms only allow swing trading over the week and not over the weekend. If you need to trade over the weekend, make sure you’ll be allowed to do so.
Advantages Of Swing Trading Challenges
- You can trade high time frames: This is especially good for people who don’t have much time to watch the charts during the day. Frequently, a quick analysis of the higher time frames by the end of the day is enough to swing trade.
- Less transactions mean less overall costs: When you open a trade, you pay the spread, and eventually a commission. The more trades you take, the more accumulated costs you’ll have to pay the prop firm. When swing trading, you open fewer trades than when day trading. Your costs will be smaller.
- Less stressful: When you swing trade, you don’t get glued to the charts for days, suffering on every tick that moves for you or against you. You open a trade and just watch it once a day or so. It’s a much more relaxed trading approach to pass your prop firm challenge.
- Potential for big gains: The trends from higher time frames are the bigger. If you can catch one and ride it for a long time, you have the potential to make a home run and finish your challenge easily.
- No news restrictions: When swing trading with a prop firm, you usually don’t have restrictions about having positions open when there are high-impact news releases.
Disadvantages Of Swing Trading Challenges
- Lower leverage: When swing trading you’re not supposed to trade with big lot sizes. The big stops would translate into very big risks. On the other hand, you may also want to daytrade with the same account. The low leverage will make it difficult to give you decent profits if you can only open small positions.
- Overnight and overweekend fees: Although you take fewer trades than day trading, you may also hold them for long periods of days, or even weeks. Every new day you pay an overnight fee to the prop firm.
- Gaps risk: When the markets close, you never know where it’s going to open on the next day or next week. Potentially, they can open beyond your stop loss level, giving you a loss bigger than what you were expecting. This is a risk that can make you break the prop firm’s daily loss or drawdown rules.
- Bigger capital requirement: Swing trades make more sense if you can have several of them open at the same time. Your capital needs to be big enough to accommodate all these trades, otherwise, the prop firm may not let you open more trades and you may miss some opportunities.
Learn More
- PropScan – challenge filter and selector
- What is prop trading
- List of the best prop trading firms
- Compare any prop firm
