Prop firm competition Nigeria
Understanding Prop Firm Competitions
Prop firm competitions have become increasingly popular in Nigeria’s trading landscape. These events allow traders to showcase their skills and potentially earn funded trading accounts. Key aspects of prop firm competitions include:
- Trading challenges with specific targets
- Risk management rules
- Time-limited evaluation periods
- Opportunities for significant capital allocation
- Performance-based rewards
Traders in Nigeria can benefit from these competitions by:
- Accessing large trading capital without personal risk
- Gaining exposure to professional trading environments
- Developing disciplined trading habits
- Networking with other skilled traders
- Potentially earning substantial profits
Additional benefits of participating in prop firm competitions:
- Enhancing trading psychology under pressure
- Learning to adapt to various market conditions
- Receiving feedback on trading performance
- Opportunity to test different strategies
- Gaining recognition in the trading community
Prop Firm Competition
We Compared Challenges in 15 Most Popular Prop Firms for Nigeria
| Initial payment | Ballance | Profit Share | Leverage | Max loss | Website |
| From €155 | $10.000- $200,000 | Up to 90% | Up to 1:100 | 10% | FTMO |
| From $49 | $5.000-$200,000 | Up to 85% | Up to 1:100 | 10% | FXCI |
| From $32 | $5.000-$300,000 | Up to 95% | Up to 1:100 | 10% | Funded Next |
| From $36 | $5.000- $300,000 | Up to 90% | Up to 1:50 | 14% | Funding Pips |
| From $5 | $2,500- $200,000 | Up to 90% | Up to 1:500 | 10% | MasterFunders |
| From $85 | $25.000-$300,000 | Up to 90% | Up to 1:100 | 10% | Apex Trader funded (ATF) |
| From $147 | $10.000-$200,000 | Up to 100% | Up to 1:100 | 10% | Kortana |
| From $55,25 | $5.000-$300,000 | Up to 90% | Up to 1:100 | 10% | TopTier Trader |
| From $39 | $5.000-$250,000 | Up to 100% | Up to 1:100 | 10% | The5ers |
| From $49 | $50.000-$150,000 | Up to 90% | Up to 1:100 | 10% | Topstep |
| From $57 | $5.000-$100,000 | Up to 95% | Up to 1:100 | 12% | Smart Prop Trader |
| From $119 | $5.000-$200,000 | Up to 100% | Up to 1:30 | 10% | Funded Trading Plus |
| From $95 | $25.000-$400,000 | Up to 80% | Up to 1:50 | 6% | Earn2Trade |
| From $97 | $10.000-$200,000 | Up to 80% | Up to 1:100 | 10% | Alpha Capital Group |
| From $49 | $5.000-$600,000 | Up to 95% | Up to 1:200 | 10% | The Funded Trader |
FXCI's Competition Offerings
FXCI provides Nigerian traders with various account sizes for our prop firm competition:
Unlimited ( 2-step Challenge)
| Category | Phase 1 | Phase 2 | Funded Trader |
| Trading Period | No Limit | ||
| Minimum Trading Days | 0 | 0 | x |
| Max Daily Loss | 5% | 5% | 5% |
| Max Drawdown | 10% | 10% | – |
| Leverage | 1:100 | 1:100 | 1:100 |
| Profit Target | 10% | 5% | x |
| Profit Split | – | – | 85% |
Boosted (1-step Challenge)
| Category | Phase 1 | Funded Trader |
| Trading Period | No Limit | |
| Minimum Trading Days | 4 | x |
| Max Daily Loss | 3% | 3% |
| Max Drawdown | 5% | 5% |
| Leverage | 1:100 | 1:100 |
| Profit Target | 10% | x |
| Profit Split | – | 60% |
Competition Rules
1. FXCI doesn’t limit its traders with unnecessary restrictions.
We offer freedom where others impose limitations. Trade your way!
2. Copy Trading is Permitted
Leverage the skills of seasoned traders by replicating their strategies and benefiting from their expertise.
3. Trading During Major News Events is Allowed
Take advantage of market volatility during key news events for greater profit opportunities.
4. Martingale Strategy is Supported
You have the option to apply the Martingale strategy, doubling your trade size after losses for strategic risk management.
5. Hedging is Permitted
Manage risk effectively by opening positions that balance or offset existing trades.
6. No Mandatory Stop Loss
You have full control over your trades with no obligation to set a stop loss, allowing you to manage risk on your terms.
7. No Weekend Trading; Close All Trades by 3:45 PM EST on Friday
To avoid the risks of weekend market fluctuations, we require all trades to be closed by 3:45 PM EST every Friday.
Unique Features of FXCI's Competition
FXCI’s prop firm competition stands out in the Nigerian market due to several key features:
- Flexible trading conditions
- No time limits on evaluation phases
- Up to 85% profit split for successful traders
- Support for various trading strategies, including EAs
- Access to popular platforms: YFT and cTrader
- Comprehensive educational resources
- Active community support via Discord
Additional unique features:
- Weekly performance analysis reports
- One-on-one mentoring sessions for top performers
- Blog from industry experts
- Customizable risk parameters for funded accounts
- Opportunity to manage multiple funded accounts
Participating in FXCI's Prop Firm Competition
To join FXCI’s prop firm competition in Nigeria:
- Visit FXCI website and select your preferred account size
- Complete the registration process
- Fund your account using available payment methods
- Begin the Phase 1 evaluation challenge
- Upon successful completion, proceed to Phase 2
- Pass Phase 2 to receive your funded account
Our support team is available to assist throughout the competition process.
Tips for Success in Prop Firm Competition
To increase your chances of success in competition:
- Develop a solid trading plan
- Adhere strictly to risk management rules
- Focus on consistent profits rather than large gains
- Utilise educational resources
- Practice on demo accounts before attempting the challenge
- Stay informed about market news and events
- Maintain emotional discipline during trading
FAQ
FXCI offers competitive profit splits up to 85%, flexible trading conditions, strategies, and unlimited evaluation time. Our focus on education and community support sets us apart in the Nigerian market.
Yes, FXCI allows the use of EAs in our competition. We believe in providing traders with the flexibility to implement their preferred strategies.
If you do not meet the competition requirements, you can retake the challenge by purchasing a new entry. We offer discounts for multiple attempts to support your trading journey.