Best Prop Trading Firms in South Korea

Top prop firms in South Korea are offering top-quality services together with a reliable prop trading environment. In the financial trading world, having access to a large trading capital is super attractive, and more and more traders try to achieve funded status. When searching for a reliable prop firm, South Korea can be surprisingly well suited for offering plenty of options. Let’s list the best prop trading firms in South Korea and explain how to pass the evaluation challenges more easily.

Prop trading in South Korea

Prop trading firms are not strictly regulated in South Korea, at least not on the level of brokers who are very strictly overseen by local authorities requiring a special license. Despite this, prop firms who are based in South Korea can not fully avoid regulatory scrutiny and should follow all the rules and guidelines set by authorities. However, for prop trading firms operating outside South Korea and accepting clients from within the country, these regulatory challenges might be easier and less strict. The prop trading sector is a fast-growing industry in South Korea, supported by the global trend and increased accessibility to financial markets. Prop trading firms offer traders capital which is essential for operating in financial markets and making profits and thereby are super attractive for both South Korean traders and traders around the world.

Our top rated prop

Recommended

Blue Guardian

Our rating

Licences:

N/A

Currencies:

USD

Trading Platforms:

MT4

Year founded:

2019

Promo Code:

N/A

Min Account size:

10,000 USD

Blue Guardian offers $0 withdrawal fees, access to MetaTrader 4, no profit target after the audition, up to 85% profit split, and very low fees starting from $87.

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Funded Trading Plus

Our rating

Licences:

N/A

Currencies:

USD

Trading Platforms:

MT4, MT5

Year founded:

2013

Promo Code:

N/A

Min Account size:

5,000 USD (229 USD on Instant funded account)

Funded Trading Plus Forex prop firm is a solid player in the space. The firm offers funding for Forex trading from 5,000 to 250,000 USD and a scaling plan up to 2,500,000 USD.

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The Trading Pit

Our rating

Licences:

N/A

Currencies:

USD

Trading Platforms:

ATAS, Quantower, R/Trader, standard platforms for CFDs

Year founded:

2022

Promo Code:

FF10 (10% off on all challenges)

Min Account size:

10,000 USD

Great prop trading firm with high profit sharing level on CFDs (80%)! Offers various CFDs and Futures challenges in 1 phase and 2 phases options. Able to access to the advanced trading platforms such as ATAS, Quantower, R/Trader, CFDs trading platforms.

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Benefits of prop trading firms

Key benefits of prop firms include the unique business model that allows them to offer funded accounts to profitable traders, thereby providing trading capital to the best traders. This access to large trading accounts is also supported by the almost risk-free nature of prop trading. Yes, prop traders are not liable for losses that are incurred on their funded accounts, giving them huge opportunities to access markets without fear of losing their capital. Other key benefits include access to advanced technology including platform and trader dashboard, and educational resources which often include mentorships and coaching. When you are working with a reliable prop firm, the company will always try to improve your trading performance as they benefit from it too. Traders also get profit splits of up to 90%, enabling them to withdraw the majority of their profits from trading. Imagine trading on a 100,000 USD account and trading with large lot sizes, your profits are much higher than what you would be able to achieve on a small trading account of 1000 USD.

Top Prop Trading Firms in South Korea

The best prop firms in South Korea are listed below based on our research and assessment of various prop firms from around the world. All these firms have been selected based on our research methodology and their suitability for South Korean traders.

How to select a suitable prop firm in South Korea

The best South Korean prop trading firms all offer reliable trading conditions and attractive specs, but you still need to select the one that aligns with your goals and trading objectives.

Here are the most important criteria to select the prop firm that suits your needs and trading objectives the best.

• Funding Options — Depending on the experience level of a trader, different funding options will be more suitable. Beginners should try to get 5-10k funded accounts, while pros can target 100k and higher accounts. A wide range of funding options is therefore important when selecting the prop firm in South Korea.
• Rules — Prop firms have strict rules, and it is critical to carefully read all of them before applying to any funded program. Ensure your strategy can perform profitably even when you have to align with strict risk management rules.
• Fees and costs — There are two types of costs associated with prop trading, funded challenge fees and trading costs. Ensure the fees are within the industry standards and affordable, and check if spreads are attractive for your trading style.
• Profit Sharing — Top South Korean prop firms typically offer a profit split between 75-85% and anything below that is not worth of considering.
• Trading Platform and Tools — This is a minor criterion when compared to previous ones but still needs consideration. Advanced trading platforms allow traders to trade in a comfortable environment, while web traders are not as good and typically come with low execution speeds and limited analysis features. Trader performance measure tools are also needed to closely follow your performance when prop trading from South Korea.
• Education and Support — Education is important for beginners but not a priority for seasoned traders, while quality support is critical for both of them.

How to pass the evaluation challenge in South Korea

Prop traders in South Korea have decent chances of passing an evaluation and achieving a funded status, but first, they need to develop well-tested strategies that align with the firm’s rules.

Trading strategy

After reading the prop firm rules, it is time to develop a suitable trading strategy that can perform profitability while aligning with the strict risk management rules. A trading strategy is simply a list of rules that encompass the whole process of detecting trading setups, opening trades, managing open trades, and reasons to close them (stop-loss or manual). Ensure your strategy can hit the profit target in a reasonable time while not breaching any hard rules like daily loss limit and maximum drawdown. Another important aspect for consideration is to check if the firm allows trading during the news, overnight positions, or open positions over the weekends. Ensure your strategy can perform under these circumstances also. If you are using trend trading or swing trading strategies, be especially careful, as these methods are known for holding positions from hours to days.

During the initial phase of strategy development, write down your rules and test them on a demo account for at least 50 trades to have enough sample size for reasonable statistical data. This is called backtesting, and it is the backbone of building a viable trading strategy. After backtesting your strategy thoroughly, it is time to test it in live market scenarios, which will provide the most accurate data about your strategy performance. Use a demo account or a prop firm free trial to test your strategy in the live market and define if it can pass the challenge in reasonable times.

Risk management

Also, it is part of trading strategy, strict risk management needs its own place in this guide. Strict risk management is the only way you can stay in the game of trading, including prop trading. It is even more important in prop trading, as traders have to follow strict risk limits. Always use stop-loss orders, even if your strategy has manual position closure guidelines. This is important to limit potential risks and limit your exposure to market risks. If something goes wrong, and you lose connection with the server, the stop-loss will save you from huge losses and will help prevent disqualification due to breaking rules.

Discipline for consistency

Consistency is needed in trading to maintain profitability. However, without strict discipline trading is impossible, and it will be more like gambling and less like financial trading. Discipline is the number one skill of professional traders who consistently beat the markets and make profits for years.

Common pitfalls and how to overcome them

South Korean prop firms enable traders to access substantial trading capital on their funded accounts, but it does not guarantee traders can make money in financial markets. One of the best approaches is to first define common challenges and then list solutions to become a better trader. South Korean prop traders need to be aware of these pitfalls and prepare themselves to solve them before they become a problem.

Poor Risk Management — Always use stop-loss

Risk management is critical in prop trading to stay compliant with the firm risk rules. Many beginners fail to follow strict risk management practices and breach risk limit rules. The one good solution is to always use stop-loss orders and limit losses, ensuring you can stay in the trading business in the long term.

Overtrading and Emotional Trading — Discipline and emotional balance

Overtrading is a considerable challenge for traders who want to always be in the market and typically end up in the disqualification of a prop trader. Emotional trading is another common challenge, where traders react to price movements impulsively rather than with discipline. A disciplined approach is the only way to counter overtrading and emotional trading, and traders must stick to their trading strategy rules.

Failing to adapt — Continuous Rechecks

Market dynamics change, and traders must constantly reevaluate and adapt their strategies to new realities. This is done by evaluating your strategy every 30–50 trades to ensure its performance aligns with your goals.

FAQs on the Best Prop Trading Firms in South Korea