Support companies have become a very popular option for traders looking to access large amounts of capital without having to risk their savings. What this means is that instead of depositing thousands of dollars, traders can just pay a fee in order to complete the assessment or challenge, and if they are successful, they can get a funded account, as well as keep a share of the profits. This seems to be a good idea for many people who are looking to try their luck in trading, but do not want to take on too much risk.
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However, appraisal fees can add up quickly, which is why people nowadays wonder if there is an opportunity for them to cut costs well. So, what traders want is the support of fixed discounts, and if you are one of them, you may be wondering if these discounts actually exist, and if they do, you want to know how you can get them. Important questions, right? Well, it’s time to get your answers.
Can you get prop company discounts?
Not surprisingly, we’ll start with the basics here. To keep things simple, you want to know whether the discounts offered by support companies matter or not, and the short and preferred answer is definitely yes. I assume you like what you hear, right? After all, these discounts can significantly reduce your costs, thus improving your overall profitability.
However, you should understand it in more detail to really know what to expect. So, to cut right to the chase, the discounts offered by support companies are actually price cuts and incentives offered on the evaluation challenges we mentioned, as well as on account upgrades and resets. They are designed with the idea of attracting new traders in mind, as well as rewarding loyal users and boosting sign-ups during promotions.
There are different types, from percentage discounts on challenges, to fixed-amount discounts, seasonal promotions, as well as referral-based discounts and credits. However, the trading rules and profit coupons do not change with these discounts, and this is something you should absolutely keep in mind. Their role is simply to help you reduce upfront costs when accessing capital.
How to get a good one?
Well, now that you have a better idea about these things, the next thing you want to do is learn how to find and get the good ones. In simpler terms, you want to know how to be good Prop company discounts for yourself and thus benefit from it. Of course, this requires you to have better information about the types, and therefore know what works best for you, but there are some other, more practical tips that you should keep in mind when trying to find and get the good ones. Let us now turn our attention to those practical steps.
Know that timing is important
When you want to get a good discount from a prop company, you should be aware of the fact that timing is important here. Of course, there are some permanent displays, but there are also temporary ones, and they can undoubtedly be amazing. Well, as with anything else, there are some periods during the year when these discounts are more likely to be offered, including major holidays, company anniversaries, market downturns, end-of-quarter promotions and the like. Therefore, your task here is to be alert and patient, and to check it regularly, in order to get the best reward in the end.
Follow support companies on social media
How can you be alert and regularly check these things? Well, you can certainly visit company websites regularly to check if there is anything new. But let’s be honest here. You spend a lot more time browsing Instagram, Facebook, or other social media networks than you do checking those sites. Why not use that to your advantage, then?
To keep it simple, what you should do here is, well, follow the support companies on social media, so that you never miss a discount opportunity. This way, you’re more likely to stay in the loop. Of course, this does not eliminate the need to check those official websites, but it greatly increases your chances of not missing out on some amazing discounts, because you will be following updates on multiple channels. Click this To better understand supportive trading in general.
Take advantage of dedicated websites that help you discover discounts from supporting companies
Now, this is probably the most important tip I have to share here. Basically, to easily find some amazing discounts for support companies, you should make use of websites that are precisely designed with the purpose of helping you do so. I’m talking about websites that are built with this in mind, and are therefore always on the lookout, looking for some great discounts and finding them for you, so that you don’t have to spend a lot of time trying to do it yourself.
The idea is to find reliable websites that reveal discounts of supporting companies, and of course check them regularly. Take your time to check out more of these options, and if you find one that you think is the best, always offers a ton of options and doesn’t miss any of them, don’t forget to bookmark it. This way, you’ll always be in the loop.
Compare rules, not just prices
Finally, there’s something else you should be aware of when it comes to choosing and getting support company discounts. Basically, you shouldn’t just look at the prices and call it a day, assuming the offer is amazing based on that. Instead, you should also look at the rules associated with discount offers, because they can certainly vary, and have a big impact on how great an offer is for you.
