Looking for the best forex prop firms in Denmark? The following guide will help you choose from the hundreds of prop firms operating in the European market.
We have reviewed 100+ prop trading firms and narrow down the list to these 5:
1. The 5ers
Pros
- 4.8 out of 5 on Trustpilot
- Three distinct financing initiatives
- Dashboard for a professional trader
- Maximum leverage of 1:100 combined with large stakes
- There is no time limit on trading
- A scaling strategy is offered
- Weekly payments every two weeks
- 80–100% profit share
- Weekend and overnight holding is permitted
- Trading news is permitted, excluding large stakes
- An inexpensive boot camp experience
Cons
- Hypergrowth and boot camps: minimal leverage
- Bootcamp: Risk and stop-loss requirements for each position
- Hypergrowth: Initial payment following a 10% profit
- High stakes: Requirement for a minimum profitable day
- High-risk situation: Not trading news
About
The5ers or Five Percent Online Ltd, established on April 9, 2020, with offices in Raanana, Israel, and London, UK. Gil Ben Hur, the CEO, is at the helm of the organization, with a strong background in forex trading since 2007, specializing in order flow and price-action strategies. The5ers offers three account options and follows a three-step screening process to facilitate quick funding, partnering with a liquidity provider for market access. Ben Hur, the CEO of The5ers, manages the company’s fundraising and growth program, which is based on a distinctive proprietary trading platform. Prior to establishing The5ers in 2016, Ben Hur worked as a trading coach and portfolio manager.
Features
The5ers is a prop firm that provides three separate account kinds, each with its characteristics. These include limitless trading periods, no minimum trading days (save for High Stakes), low evaluation fees (Bootcamp), no evaluation phases (Hyper Growth), initial withdrawal after 14 days (High Stakes & Bootcamp), bi-weekly withdrawals, and profit shares of up to 100%.
The three account types are as follows: Bootcamp, which is a three-step evaluation process with a 6% profit target and a 5% maximum loss; Instant Funding, which allows funded traders to enjoy a 3% daily pause and a 4% maximum loss; and Two-Step Evaluation, which is similar to Bootcamp but has a more flexible scaling plan that allows for larger account management.
The5ers distinguishes itself from its competitors in the market by offering more versatility, cost-effectiveness, and profit-sharing. It’s a good choice for traders who want to enhance their expertise.
2. Surge Trader
Pros
- 75% of profits are divided (90% with add-on).
- Variable fees & account options
- One-time payment for the audition
- open procedures and regulations
- A reasonable 10% profit goal
- Adaptability in trading tactics
- 30 days of free BKForex membership
- Quick withdrawals with no restrictions
Cons
- A short overview since May 2021
- Every trade requires a stop loss, with a 5% daily maximum loss.
- Few resources available for schooling
- Maximum open lots limited to 1/10000 of total account size
- Leverage: 2:1 for the cryptocurrency market; 5:1 for stocks; 10:1 for Forex, metals, indices, and oils
About
SurgeTrader, a trading firm founded in September 2021 under Surge Capital Ventures, LLC. Jana Seaman, a venture capitalist, founded the company to provide investment opportunities to talented traders with excellent trading strategies but limited capital.
SurgeTrader, backed by Seaman’s Valo Holdings, distinguishes itself from traditional proprietary trading firms with its straightforward and transparent trading rules. SurgeTrader, based in Florida, has experienced rapid global growth and offers traders more funding options to enhance their success.
Features
SurgeTrader ensures traders are presented with uniform trading terms at all account tiers, encompassing a daily loss limit of 5%, a maximum drawdown of 8%, and a profit target of 10%. The platform provides educational resources and more than a hundred instruments, enabling the practice of a wide variety of trading strategies.
Costs and Plans:
- Free: Paper trading for platform exploration for 30 days at no cost.
- Paid: Paid funding ranging from $25,000 to $1,000,000 is available.
- Audition costs differ.
- Although it is possible to scale accounts, traders will be required to repeat the audition process if profit margins are not achieved.
3. Fidelcrest
Pros
- Rational trading objectives
- Profit divided up to 90%
- Excellent client service
- Support for the platforms MT4 and MT5
- No necessity for a minimum number of trading days
- Trading is available on weekends.
Cons
- Discourages an unorganized strategy
- Absence of information regarding the management team
About
Founded in 2018, Fidelcrest is a global proprietary trading company with its main office located in Nicosia, Cyprus. The company’s goal is to enable knowledgeable traders by giving them access to real money up to $400,000. Despite the management team’s more than ten years of forex trading experience, the ownership of the company is still unknown, which is not typical in the industry.
Fidelcrest aims to enable consistent profits for individual customers by providing a range of account sizes to more than 6,000 active traders globally. Their trading challenge consists of financed trading over more than 1,000 instruments after an evaluation process. Traders must, however, closely follow the terms of their Trader Agreement to prevent account cancellation.
Features
Fidelcrest offers a fantastic platform for trading challenges with higher maximum balances, profit sharing, and exclusive features. Traders can take advantage of zero minimum trading requirements and weekend trading, allowing them to seize market opportunities beyond regular trading hours. Fidelcrest is well-known for providing exceptional 24/7 customer service from experienced professionals, helping traders overcome challenges and improve their chances of success.
The trading challenge offers traders a valuable chance to assess, practice, and enhance their skills. Backed by attractive features and profit-sharing agreements, it’s ideal for those seeking to advance in their trading endeavors.
4. Blue Guardian
Pros
- Relaxed trading regulations
- Supported trading hours including weekends and copies.
- Standard profit splits in the industry
- Permitted by expert advisors
- Demonstrations up to $1,800,000
- Weekend and overnight holding is allowed.
- Profit sharing of up to 85%
- High Funding Levels
Cons
- Maximum daily drawdown depending on equity
- 8% is the initial maximum drawdown on Unlimited Guardian.
- Rapid Guardian’s trailing drawdown and its restricted support channels
- Restricted trading networks
About
In September 2021, Blue Guardian, officially known as Iconic Exchange FZCO was founded in Dubai, United Arab Emirates. Under the direction of CEO Sean Baiton, it provides two two-step evaluations in collaboration with ThinkMarkets as brokers and three different account kinds. Before changing its name in June 2021, Blue Guardian Capital was a Forex signal provider & educational organization.
The company intends to revamp its platform by 2023 and aim for the top spot in South Africa and other regions. Following a two-phase evaluation process, funding accounts are available to professional and seasoned traders. Blue Guardian Capital’s founder and CEO at the moment is Sean Bainton.
Features
The Guardian Protector from Blue Guardian offers a risk management and trader equity protection solution. Trades will be closed automatically once a trader reaches their daily loss limit. This risk management feature sets percentage limits on losses and is offered at no cost in evaluation accounts. Remembering that market conditions may hinder swift execution is essential. Once this function is activated, traders are responsible for ensuring that their trading remains within the specified loss limits.
5. MyFlashFunding
Pros
- Unlimited period of trade
- No limitations on trading
- The best scaling strategy obtainable
- Prompt payment within seven days
- Fast financing procedure
- High ratings on Trustpilot
- Simple platform setup
- Low-revenue objectives
- No minimum amount is needed to trade
Cons
- No retry option available
- A bit costly
- Insufficient support system
- High Commission Costs: $7 for Each Round Lot
About
MyFlashFunding is a privately held company that was established on April 27, 2023, and has been in operation since August 2, 2023. Headquartered in the US under the leadership of CEO Blake Carter. The company offers two funding programs: a comprehensive two-step evaluation challenge and a streamlined one-step evaluation.
Traders can combine accounts ranging from $400,000 to potentially $2,000,000. MyFlashFunding utilizes ThinkMarkets as its brokerage platform and operates on either MetaTrader 4 or MetaTrader 5. Located at 331 Park Central East in Springfield, Missouri is their office.
Features
A prop company called MyFlashFunding provides two distinct account kinds with different assessment procedures. It distinguishes itself from other companies by offering traders biweekly rewards, no minimum trading days, & unrestricted trading with speedy withdrawals within 14 days. Completing two phases with a 6% profit target, 4% daily, & 8% maximum loss regulations makes up the Two-step Evaluation procedure.
It also provides a scalability plan for bigger customers. In contrast to its competitors, MyFlashFunding is renowned for its adaptability, quick withdrawals, and bi-weekly payouts, which makes it a great option for traders seeking funding options with few limitations.
Who Regulates Forex Prop Firms in Denmark?
In Denmark, the financial regulatory authority is the Finanstilsynet, also known in English as the Danish Financial Supervisory Authority (FSA). The Danish FSA operates under the Ministry of Industry, Business, and Financial Affairs and is tasked with the supervision of financial companies in Denmark, including banks, mortgage-credit institutions, pension and insurance companies, securities traders, investment funds, and payment service providers.
Key Responsibilities of the Danish FSA:
- Supervision and Regulation: The primary role of the Danish FSA is to ensure the stability and integrity of the Danish financial system. It supervises financial institutions to ensure they operate in a safe and trustworthy manner, adhering to the laws and regulations governing the financial market.
- Consumer Protection: A significant part of the Danish FSA’s mandate is to protect consumers by overseeing that financial institutions provide clear and accurate information about their products and services. It also ensures that these entities practice fair dealing and handle customer complaints appropriately.
- Risk Assessment: The Danish FSA conducts regular risk assessments of financial institutions to identify potential vulnerabilities within the financial system. This includes evaluating institutions’ capital and liquidity positions, governance structures, and risk management practices.
- Legislative Work: The authority is also involved in the legislative process, proposing new regulations or amendments to existing laws to address emerging challenges in the financial sector and enhance the regulatory framework.
- International Cooperation: Given the global nature of financial markets, the Danish FSA collaborates with international regulatory bodies and participates in various international forums to promote financial stability and harmonize regulatory standards.
The Danish FSA plays a crucial role in maintaining the confidence of consumers and investors in the Danish financial market. Its regulatory and supervisory activities are designed to ensure the sector’s resilience, transparency, and fairness, contributing to the overall health and stability of Denmark’s economy.
How to Find the Best Forex Prop Firms in Denmark?
Finding the best Forex prop firm involves a thorough examination of various factors to ensure the firm aligns with your trading style, objectives, and risk tolerance. Begin by assessing the reputation and credibility of the firm through reviews and testimonials from both current and former traders on platforms like Trustpilot and Forex Peace Army. Regulatory compliance is also crucial to protect your interests.
Check the Trading Conditions
Consider the trading conditions and costs associated with the firm, including the profit split ratio, any participation fees for evaluation challenges, and account size options that suit your strategy and experience level. The evaluation process is another vital aspect; make sure to understand the firm’s rules, objectives, and the time frame provided for achieving these goals to ensure they match your trading approach.
Training and Resources
Support and resources offered by the firm, such as educational materials, training programs, and access to advanced trading software, can significantly benefit your trading journey. Growth opportunities and clear scaling plans that allow for managing increased capital over time should also be part of your consideration. Additionally, review the firm’s drawdown policies and trading style acceptance to ensure they complement your risk management strategy.
Customer Support and Accessibility
Finally, community engagement and customer support are essential factors. An active trading community and responsive customer service can enhance your trading experience. Before making a decision, you might want to try any available trial offers or demo accounts to get a feel for the firm’s platform and trading conditions. Starting with a smaller account or a less expensive evaluation process can also be a prudent way to test the firm’s compatibility with your trading style without committing significant resources upfront.
In summary, finding the best Forex prop firm requires careful research and consideration of various factors to ensure the firm meets your individual trading needs and goals. Take your time to evaluate each aspect thoroughly to partner with a
Which are the top FX proprietary trading businesses in Denmark?
When looking for the top forex proprietary trading businesses in Denmark, certain variables should be taken into account. Top companies in Denmark include The5ers, SurgeTrader, Fidelcrest and Blue Guardian.
These companies are renowned for providing top-tier trading platforms and support services to traders. Choosing the ideal firm for you may vary based on your individual requirements and preferences. Therefore, it is crucial to conduct research and evaluate several businesses before finalizing your pick.
Best Forex Prop Firms in Denmark: Conclusion
What are your thoughts on our list of the best forex prop firms in Demark? We hope you found this guide helpful. If you have any questions, feel free to share them in the comments section below.
