If you’re new to trading, you’ve probably heard about prop firms — but what exactly are they, and how do they work?
In this beginner-friendly guide, we’ll break down everything you need to know about prop firms and how you can get funded as a trader.
What is a Prop Firm?
A prop firm (proprietary trading firm) is a company that gives traders access to capital so they can trade and earn profits.
Instead of risking your own money, you trade using the firm’s funds and share the profits.
👉 Start your journey here:
Get Funded with MacheFunded
How Do Prop Firms Work?
Most prop firms require you to pass a challenge before getting funded.
This usually includes:
- Profit targets
- Drawdown limits
- Trading rules
Once you pass, you receive a funded account.
👉 Explore how it works:
Start a Challenge
Types of Prop Firm Accounts
1. USD Accounts
These are the most common globally:
- $2,000
- $10,000
- $30,000
- $50,000
- $100,000
- $200,000
👉 Start trading USD accounts here:
View USD Accounts
2. NGN Accounts (For Nigerian Traders 🇳🇬)
MacheFunded offers local currency accounts:
- ₦200,000
- ₦500,000
- ₦800,000
👉 This removes the stress of currency conversion and makes trading more accessible.
👉 Get started:
Explore NGN Challenges
Why Prop Firms Are Popular
Prop firms are growing because they:
- Allow you to trade without large capital
- Provide structured rules
- Offer profit splits
- Help traders scale faster
Why MacheFunded is Ideal for Beginners
MacheFunded is built for both beginners and experienced traders.
Key advantages:
- NGN & USD accounts
- Flexible trading rules
- No daily drawdown (Flexi Account)
- Fast withdrawals
- Beginner-friendly structure
👉 Start here:
Get Started Today
Final Thoughts
Prop firms provide one of the best ways for traders to grow without risking large amounts of personal capital.
With platforms like MacheFunded, getting funded is now more accessible than ever.
👉 Ready to begin your trading journey?
Start your challenge today