As a day trader, the allure of trading with someone else’s money can be strong, especially when you’re working with prop firms that offer funded accounts.

You might be wondering, “How many funded accounts can I actually have?” The answer can be a bit more complex than a simple number, so let’s break it down.

Understanding Funded Accounts

For those unfamiliar, a funded account is essentially a trading account provided by a proprietary (prop) trading firm. After passing an evaluation or proving your trading skills, the firm funds your account, allowing you to trade their capital instead of your own. In return, you usually keep a percentage of the profits while adhering to their risk management rules.

Multiple Funded Trading Accounts: Is It Possible?

In short: Yes, you can have multiple funded accounts—but the maximum number of accounts you can have depends on the prop firm’s rules.

Let’s take a look at some popular firms and their guidelines:

1. Apex Trader Funding: Apex allows traders to have more than one funded account. However, they may have specific requirements or guidelines on how these accounts are managed. Some traders choose to trade each account differently, while others use similar strategies across all accounts. At the time of this writing, Apex Trader Funding allows for 20 funded accounts at any one time.

2. TopStep: Another popular firm, TopStep also permits traders to manage multiple funded accounts, 3 at the time of this writing. But keep in mind, you'll need to pass their evaluation for each account separately. It’s not a one-size-fits-all solution; each account will need individual attention and a proven strategy.

3. Earn2Trade: Similar to Apex and TopStep, Earn2Trade allows traders to run multiple accounts, max of 3 at the time of this writing. The firm might have specific risk management rules for each account, and you’ll need to ensure you’re compliant with them.

Why Have Multiple Funded Accounts?

There are several reasons why traders opt to manage multiple funded accounts:

• Diversification: By having more than one account, you can test different strategies or trade various markets. This helps spread out risk and increase your profit opportunities.

• Scaling: With multiple accounts, you can scale your trading more effectively. For example, you might trade smaller positions on each account but combine the profits for bigger returns.

• Risk Management: Having multiple accounts allows you to allocate risk more efficiently. You can have one account focused on high-risk, high-reward trades and another on more conservative strategies, ensuring you’re not overexposed in any single area.

• Lower Initial Costs: Choosing smaller less expensive assessment accounts keeps your monthly costs low, as each account gets funded and begins making profit, further assessment account monthly costs potentially become offset but the funded ones, depending on your performance of course.

Things to Keep in Mind

Before jumping into managing multiple funded accounts, consider a few things:

• Firm Guidelines: Each prop firm has its own rules, so make sure you fully understand the firm’s specific policies about managing multiple accounts. Some may require separate evaluations or impose restrictions on account size and risk.

• Management: Juggling several accounts can be tricky! It’s important to keep track of your trades, risk levels, and the performance of each account separately. This can be overwhelming if you don’t have a solid system in place. Placing trades on multiple accounts can be challenging. Many traders use trade copiers to help in this process. Trade copiers allow for one account to be traded while any trade placed is automatically copied to all other accounts that have been set as followers. If you’re looking for a Trade Copier, consider the Push Button Trade Copier.

• Cost: Some firms may charge you for each account separately, whether it’s for the initial evaluation or monthly fees. Be sure to budget for the additional costs if you’re thinking about managing multiple accounts.

Is Multiple Live Funded Account Worth It?

For many traders, the ability to manage multiple funded accounts is an excellent way to increase profit potential and fine-tune strategies. But remember: just because you can doesn’t always mean you should. Make sure you have a clear plan, follow each firm’s guidelines, and ensure your risk management is on point before diving in.

Pro Tip: Staggering your accounts is a more efficient strategy to scale your funded accounts. I get it, the desire to go out and buy 20 accounts today and get started trading all 20 accounts is strong, however, having all accounts with the same balance means they all sink or swim together. Staggering the start times and balances can help set you up so you’re consistently bringing in profit while also busting a few accounts here and there.

If you’re serious about trading and want to explore the opportunities with funded accounts, the key is to stay informed and make strategic decisions. Whether you’re with Apex, TopStep, Earn2Trade, or any other firm, knowing their rules and understanding your own capacity to manage multiple accounts will set you up for success.

Consider joining one of our 12-month mentorship program where we work on building both your technical skills and your trading psychology while leveraging the power of funded accounts. With small group classes and personalized guidance, we’ll help you refine your habits and reach consistency in your trading. Visit our website [www.pushbuttontrading.co/education] to learn more.