I admit that in the past I didn’t know anything about Forex fund trading. I thought trading meant only using your own money. But it turns out there’s another option—taking a Forex fund exam, which is how companies provide us with funding to trade.

Put simply, if you pass the exam, the company will provide you with money to trade, and you share the profits with them. The advantage is that you don’t risk your own money very much, because the only money at risk is the exam fee. But the disadvantages are also there, such as having to pass a strict test, having trading limitations, and not having a regular salary.

If you’re interested, which Forex fund exam should you take? There are several options, such as Topstep, founded in 2010 in Chicago, with account sizes ranging from 50,000 to 150,000 dollars, and SurgeTrader, founded in 2008 in Florida. I like that SurgeTrader has simple trading rules and no time restrictions.

Another option is FundedNext, which is relatively new (2022), but it seems good. It offers a 15% profit split during the exam phase and has no time limit. FTMO is another well-known option, with a two-step evaluation system, and once you pass, you can trade on accounts with up to 200,000 dollars.

When I was considering Forex fund exams, I noticed you have to look at many things, such as the company’s reputation, the technology system, learning resources, and most importantly, the fee structure. A good company usually has no hidden costs, and the profit split rate is often 70–90% for traders.

The advantage of trading with a Forex fund is that we have more capital to make profits, flexibility to trade 24 hours a day for 5 days, and if you make profits, you’ll be paid monthly. But the disadvantages include competing with other traders, having no regular salary, psychological pressure, and if you incur losses, your account may be closed.

Another important point: if you plan to take a Forex fund exam, make sure you can truly trade profitably first. If you trade with your own money and can’t make profits, there’s almost no chance of passing the exam. Companies want traders who already have skills.

For choosing a company, I recommend checking reviews from other traders first, then verifying the trading requirements, the profit split rate, and the evaluation period. Some companies let you retake the exam without any additional fees, which is a plus.

If I had to share a tip for passing the Forex fund exam, I’d say you need to turn risk into something beneficial—learn the tools and the trading system thoroughly so you understand them well, be patient and wait for good setup conditions, and don’t rush. Trading in a rush often leads to mistakes.

In summary, Forex fund exam trading is a great opportunity if you have the skills and strong emotions, but you still need to understand the risks and prepare before you start. It’s not easy, but if you can make it work, the returns can be very attractive.