15 Best Prop Trading Firms

Prop Trading Firms are companies that provide capital to traders. Prop Trading Firms allow traders to trade in financial markets using the prop firm’s money rather than traders own money. The main difference between prop trading and other forms of trading is the use of the prop firm’s capital, which relieves traders of the financial risk associated with trading their own funds. The term “best prop trading firms” refer to those that offer superior conditions and support for traders. The best prop trading firms are known for having the best-funded trader programs, which provide ample capital, outstanding educational resources, advanced trading tools, and a favorable profit-sharing model.

The top 5 best prop trading firms are listed below:

1. Prop Number One
2. FTMO
3. Funded Trading Plus
4. FundedNext
5. Ascendex Capital

There are different benefits for a trader to start trading with Prop Trading Firms compared to Self-Funded Trading. The first benefit is the reduced financial risk: Using a firm’s capital reduces the personal financial risk for the trader. This allows traders to focus more on strategy development and execution without the stress of potentially losing their own money.

The second benefit is the increased capital access: Prop trading firms provide access to larger pools of capital, enabling traders to take larger positions and potentially achieve higher returns than they could with their own limited funds.Third benefit is the advanced tools and resources: Traders benefit from advanced trading platforms, market data, and analytics tools provided by the firm, which may be too expensive for individual traders to afford independently.

Fourth benefit is the education and mentorship offered: Comprehensive educational programs, mentoring by experienced traders, and continuous support help develop a trader’s skills and knowledge, which can be crucial in complex financial markets. Fifth benefit is community and networking: Being part of a prop trading firm often means joining a community of like-minded professionals, providing opportunities for networking, idea sharing, and mutual support.

1. Prop Number One

Prop Number One is a prop trading firm with offices located in New York, Singapore, Dubai and London. Prop Number One is renowned for its transparency and unique approach to proprietary trading offered to their funded traders. Prop Number One gives a support system for traders, offering educational resources and a selection of cutting-edge trading platforms such as MetaTrader 4 (MT4),MetaTrader 5 (MT5), cTrader, DxTrade and MatchTrader. The prop trading firms Prop Number One enhance the possibility of trading equities, forex, cryptocurrency. Prop Number One allows the use of expert advisors and copy trading between accounts.

Prop Number One offers one of the best funded trader programs around. The funded trader programs include an initial capital allocation starting at $7,000, which can scale up to $300,000 based on performance metrics. The application process for Prop Number One requires an online registration followed by an evaluation period that requires funded traders to pass a two phase challenge. The initial fee is refunded upon first profit withdrawal, provided you have passed the evaluation phases regarding your trading abilities while adhering to our risk parameters. You lose the fee only if you exceed the maximum daily loss limits we impose before the first withdrawal or by failing either of the two challenges.

Prop Number One provides the best profit-sharing ratios on the market. Prop number One funded traders retain 100% of their profits earned and this is possible because Prop Number One proprietary algorithm mirrors funded traders’ operations on Prop number One internal accounts, allocating the appropriate capital on a case-by-case basis, calculated according to the risk metrics of their trading activities. Payouts are processed every 21 calendar days, you can withdraw all the profits you have earned, and your request will be processed within 24 hours.

Prop Number One offers several pros, including initial capital, access to advanced trading tools, regular educational seminars, and a unique profit-sharing ratio model. Potential cons include the evaluation criteria, which may pose a barrier for less experienced traders, and the competitive nature of the firm, which demands consistent performance to maintain funding.

If you’re ready to advance your trading career with robust support and significant funding, Prop Number One could be the ideal prop trading firm for you. Start today by visiting their application page and begin your journey to becoming a funded trader.

2. FTMO

FTMO is a proprietary trading firm based in Prague, Czechia, established in 2015. FTMO  provides funding and resources to traders worldwide, enabling them to trade financial instruments using FTMO’s capital. FTMO’s core value proposition is its structured evaluation process, which allows prospective traders to demonstrate their skills and gain access to up to $400,000 in funding once they pass the program. The company is well-regarded for its transparent fee structure and profit-sharing model, with traders retaining up to 90% of their profits.

FTMO traders can trade forex pairs, commodities, indices, and cryptocurrencies. FTMO’s funding program is structured into two main stages: the FTMO Challenge and the Verification phase. Traders must achieve specific profit targets and adhere to risk management rules in both stages. Upon successful completion, traders are awarded an FTMO Account with significant funding to trade in live markets.

FTMO’s application process begins with the trader selecting an FTMO Challenge account size, with options ranging from $10,000 to $200,000. The evaluation consists of two stages: the Challenge and Verification. During these stages, traders must achieve predefined profit targets while adhering to maximum loss limits. Successful completion results in a funded trading account. FTMO offers a profit-sharing model where traders retain up to 90% of their profits. Payouts are processed at the end of each month. The firm’s consistent payout system is part of what makes it a preferred choice among experienced traders. FTMO’s pros include high-profit splits, transparent fee structures, and broad access to various trading instruments. The firm’s cons involve the rigorous evaluation process, which deter less experienced traders, and restrictions on trading during news releases that can limit certain strategies.

3. Funded Trading Plus

Funded Trading Plus is a proprietary trading firm established in 2021. Funded Trading Plus is known for the different types of trading programs designed to involve traders of all skill levels. Funded Trading Plus core value proposition revolves around offering flexible and efficient funding solutions combined with high profit-sharing ratios. Traders can participate in different financial markets, including forex, indices, cryptocurrencies, and commodities, with competitive spreads and leverage up to 30:1.

Funded Trading Plus provides account sizes ranging from $12,500 and scales up to $250,000. Funded Trading Plus provides three different types of funding challenges: Instant, 1-step, and 2-step evaluations, each with specific profit targets and drawdown limits.The funding program prioritizes flexibility, allowing traders to scale up their accounts based on consistent performance. The application process for Funded Trading Pluss starts by choosing a Funding Program, Completing the Application, Paying the Program Fee, Start the Evaluation Phase, Achieve Profit Targets, Access Funded Account, Withdraw Profits. 

Funded Trading Plus offers competitive profit-sharing ratios, with traders retaining up to 90% of their profits in most programs. Additionally, the firm’s payouts are executed on a weekly basis, which is a notable advantage as it provides traders with regular and predictable income streams.

Pros:

• Diverse selection of trading instruments.
• Flexible funding programs tailored to different experience levels.
• High profit-sharing percentages.
• Weekly payouts enhance financial liquidity.

Cons:

• No provision for holding positions over the weekend in some programs.
• All trading is initially conducted on demo accounts before moving to live funding.

4. FundedNext

FundedNext is a proprietary trading firm based in the United Arab Emirates. The company locates its office at AI Robotics HUB, C1 Building, AFZ, Ajman. The firm empowers traders through innovative solutions, advanced strategies, and support. Traders at FundedNext can trade over 100 instruments. The financial instruments fundedNext provide include forex pairs, commodities, indices, and cryptocurrencies. The platform supports MetaTrader 4, MetaTrader 5, and cTrader.

FundedNext structures its funding program into two main models: Express and Evaluation. The Express model consists of one phase with a 25% profit target. It limits daily losses to 5% and total losses to 10%. Traders can choose between Consistency Express and Non-consistency Express options. The Evaluation model involves two phases. Traders aim for 10% profit in phase one and 5% profit in phase two. Similar loss rules apply.

FundedNext’s application process begins with traders signing up and selecting a funding model. During evaluation, traders must meet specific profit targets and follow stringent loss rules. The Express model requires a 25% profit target. The Evaluation model demands 10% profit in phase one and 5% in phase two. Successful evaluation grants access to a funded account with up to $200,000 capital. FundedNext offers competitive profit-sharing ratios. Traders earn 15% profit share during the challenge phase. Funded traders can receive up to 90% of generated profits. FundedNext guarantees payouts within 24 hours. The company provides an additional $1,000 bonus for delayed payouts. FundedNext allows flexible trading conditions. Flexible trading conditions include holding positions overnight and trading during news releases. The company offers high profit shares up to 95%. It supports multiple trading platforms and guarantees fast payouts within 24 hours. However, FundedNext imposes strict evaluation criteria with rigid profit targets and loss rules. The company charges non-refundable fees once trading begins. Potential geographical restrictions may limit service availability.

5. Ascendex Capital

Ascendex Capital is a prop firm that provides capital to skilled traders. The firm operates from London, United Kingdom, with offices at Sierra Quebec Bravo 77 Marsh Wall, London Canary Wharf, E14 9SH. Funded traders at Ascendex Capital can trade Forex, commodities, indices, and cryptocurrencies without risking their own money. Ascendex Capital uses a two-phase evaluation process to assess trader performance and risk management. Phase 1 requires traders to meet profit targets while following risk rules. Successful traders advance to Phase 2 to demonstrate consistent profitability.

Traders must submit an application and pass an initial assessment to join Ascendex Capital. The two-phase evaluation then tests trading skills and risk management. Ascendex Capital offers 70-90% profit-sharing ratios based on performance and experience. Monthly payouts provide traders with consistent income. Benefits include access to significant capital, professional tools, and advanced resources. Traders operate risk-free as the firm provides funds. Drawbacks involve strict performance requirements and pressure to maintain profitability. Compliance with risk rules is critical.

6. Blue Guardian

Blue Guardian is a proprietary trading firm located in Dubai, United Arab Emirates. Iconic Exchange FZCO established Blue Guardian in September 2021 at Dubai Silicon Oasis. Blue Guardian assists proficient and experienced traders to optimize their skills and earn substantial profits through funded trading accounts. The firm offers leverage up to 1:100 with zero commission fees. Traders can access forex pairs, commodities, indices, and cryptocurrencies financial instruments. Blue Guardian provides leverage options of 1:50 for forex, 1:10 for indices and commodities, and 1:2 for cryptocurrencies.

Blue Guardian’s funding program comprises four options:

• The Unlimited Guardian program requires an 8% profit target in phase one and 4% in phase two.
• The Elite Guardian program demands profit targets of 10% in phase one and 4% in phase two.
• The Rapid Guardian program involves a one-step evaluation.
• The Three-step Guardian program follows a distinct three-step evaluation process.

Applicants undergo an evaluation process to become funded traders. Funded traders must meet specified profit targets on demo accounts. The Unlimited Guardian program requires traders to achieve an 8% profit target in phase one and a 4% profit target in phase two. Evaluation phases have no maximum trading day requirements but mandate a minimum of 3 calendar days each phase. Funded traders benefit from an 85% profit share, which can increase to 90% with maximum trading accounts. Blue Guardian processes payouts bi-weekly, with the first payout available after 14 days of trading. Traders can withdraw funds through various methods including bank cards, e-wallets, and crypto wallets without fees.

Blue Guardian offers several advantages:

• Flexibility in trading practices, allowing the use of Expert Advisors (EAs), trade copiers, news trading, and weekend trading.
• High profit share of 85%, exceeding industry standards.
• Equity protection through the Guardian Protector feature, which manages daily drawdown and controls per-trade risk.

Blue Guardian drawbacks are listed below:

• Stringent evaluation requiring traders to meet specific profit targets during evaluation phases.
• Strict drawdown rules such as the Maximum Daily Drawdown, potentially leading to account breaches if not managed effectively.

7. Funded Bull

FundedBull is a proprietary trading firm established by Desimir Paskalev. RATERIGHT PTE. LTD. registers FundedBull in Singapore. FundedBull operates at 68 Circular Road, #02-01, 049422, Singapore. FundedBull provides traders access to trading capital through funded trading accounts. FundedBull uses a structured evaluation process to ensure only skilled traders gain funded account access. FundedBull offers forex, commodities, indices, and cryptocurrencies for trading. 

FundedBull’s funding program follows a multi-step evaluation process. Traders must meet specific profit targets while adhering to risk management rules. Successful candidates proceed to a verification stage to demonstrate trading proficiency. Passing traders receive funded accounts with capital sizes based on performance and chosen plan. Traders register on FundedBull’s website and select preferred account size to apply. Applicants pay a one-time fee to start evaluation. Evaluation requires meeting profit targets and following risk rules. Traders must consistently demonstrate skills and discipline throughout evaluation stages.

FundedBull offers 70% to 90% profit-sharing ratios favoring traders. Exact ratios depend on account size and performance. FundedBull processes payouts monthly for profitable traders. FundedBull provides access to significant trading capital without personal financial risk. The platform offers $5,000 to $250,000 funding levels for different experience levels. A 90% profit-sharing model ensures substantial earnings for profitable traders. FundedBull supports diverse trading instruments and efficient digital onboarding. Traders can access advanced platforms like MetaTrader 4, MetaTrader 5, cTrader, DXTrade, and Match-Trader. FundedBull implements a 4% daily loss limit, challenging some traders. Strict evaluation criteria may pose difficulties for qualification. The initial fee could be a barrier for some prospective traders.

8. Breakout Prop

Breakout Prop is a crypto proprietary trading firm headquartered in the United Arab Emirates. Breakout Prop offers funded traders the possibility to trade cryptocurrencies. Breakout Prop structures its funding program in a tiered manner. Initial levels offer up to $5,000 in capital, progressing to $100,000 as traders demonstrate consistent profitability and risk management. Traders start with a demo account to meet performance criteria before moving to a live funded account.

The application process begins with an online submission where traders provide their trading history and strategies. This is followed by an evaluation phase, which includes a demo trading period. Traders must meet specific profit targets with predefined drawdown limits. Successful candidates proceed to manage live funded accounts. Breakout Prop offers competitive profit-sharing ratios. Traders retain 90% of the profits. Payouts are processed monthly, ensuring regular income for successful traders.

Pros:

1. Wide Range of Instruments: Access to diverse markets enhances trading opportunities.
2. Robust Educational Support: Continuous learning resources help improve trading skills.
3. Competitive Profit Sharing: High profit-retention rates benefit traders financially.
4. Flexible Funding Programs: Scalable capital ensures growth potential.

Cons:

1. Stringent Evaluation Process: The initial evaluation phase can be challenging and lengthy.
2. Strict Risk Management Policies: Adherence to strict drawdown limits may restrict aggressive trading styles.

9. E8 Markets

E8 Markets is a United States-based prop trading firm known for providing traders with structured and conservative evaluation programs. E8 Markets provide accessible joining fees along with customizable evaluation objectives. This firm allows trading in various financial instruments which include forex, commodities, indices, and cryptocurrencies, providing a diverse range of options for traders. E8 Markets structures its funding program around several evaluation phases. Traders can select one-phase, two-phase, or three-phase evaluations. 

One-Phase evaluation enables traders to become E8 Traders after a single phase. Two-Phase Evaluation grants access to the preferred account size upon completion. Three-Phase Evaluation allows traders to manage a simulated account with up to $400,000 starting virtual capital upon completion. Phase 1 has an 8% target, Phase 2 has a 5% target, and Phase 3 introduces an additional 5% target. E8 Markets begins the application and evaluation process with registration on the E8X Dashboard. Traders select the account type and balance, receive credentials instantly, and commence trading on MT4 or MT5 platforms. The evaluation requires adherence to trading objectives, risk management, and profit generation.

E8 Markets favors traders with profit-sharing ratios, offering an initial ratio of 80/20 in favor of the trader. Successful traders can request earnings after 8 days, with subsequent payouts facilitated every 14 days.

E8 Markets offers the following advantages:

• Zero commissions and no markups on virtual funds provide superior market conditions.
• One, two, or three-phase evaluations cater to different trader preferences.
• Initial payout eligibility after 8 days, with bi-weekly payouts thereafter, ensures quick payouts.
• Up to $400,000 in starting virtual capital for three-phase evaluations offers high virtual capital.

E8 Markets imposes these limitations:

• Restrictions on trading during news events, including a 4-minute break window, prohibit news trading.
• Relatively high slippage compared to other firms affects trade execution.
• Maximum total drawdown of 8% to 10% may limit certain strategies.

10. The 5%ers

The 5%ers is a proprietary trading firm operated by Five Percent Online LTD. The firm has headquarters in Raanana, Israel, and London, United Kingdom.

The 5%ers offers aspiring forex traders fully-funded trading accounts. The firm provides monthly profit payout plans and growth opportunities for compliant traders. The 5%ers emphasizes it is not a financial institution, broker, or broker marketing platform. The firm does not accept investor capital. Traders with The 5%ers primarily engage in forex trading. The proprietary platform simulates real-world market conditions. Traders hone their forex skills using company assets and funds. The funding program of 5%ers involves a 3-step challenge on a demo account. Traders must meet specific objectives and risk management requirements. Successful traders progress to funded levels, managing company capital without personal investment.

The application process of 5%ers begins with the 3-step demo account challenge. Traders must follow guidelines and achieve program objectives. The evaluation assesses risk management and adherence to requirements. Successful traders transition to managing firm assets as funded traders. The 5%ers offers monthly profit payouts to funded traders. The firm does not explicitly state profit-sharing ratios. Traders receive performance-based payouts. The company reserves the right to adjust payouts and terminate collaborations.Pros of The 5%ers include fully-funded accounts, monthly payouts, growth opportunities, and market simulation. Cons include strict risk requirements, exclusion of certain countries like the US, and the firm’s right to terminate collaborations.

11. Earn2Trade

Earn2Trade provides funded trading accounts to aspiring futures traders. The US-based proprietary trading firm Earn2Trade operates from Sheridan, Wyoming. Earn2Trade offers educational resources and funded trading accounts. Traders access video lessons, webinars, and courses to improve knowledge and skills. Successful completion of evaluation programs grants access to firm-funded accounts. This approach integrates learning and application to enhance trading abilities and profit potential.

Earn2Trade supports trading of diverse CME Group futures contracts: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures. Traders can use platforms like NinjaTrader, Finamark, Trader Pro, and Overcharts to implement strategies. Earn2Trade offers two main funding challenges:

• The Trader Career Path (TCP) program provides virtual accounts of $25,000 or $50,000. Traders can upgrade accounts to $200,000 or $400,000 by meeting profit targets. Initial costs range from $170 to $550 based on starting account size.
• The Gauntlet Mini™ evaluates intraday traders over 10 days. It offers $50,000 to $200,000 in initial capital. The program includes advanced journaling and strict risk protocols to enforce disciplined trading.

Traders choose between TCP or Gauntlet Mini™ programs to start. They complete tasks in a simulated environment to demonstrate skills: Finish educational coursework, Meet profit targets while managing risk over 15-60 days, Progress through account size levels. Earn2Trade uses an 80/20 profit split model. Traders keep 80% of profits. Payouts occur monthly with a $100 minimum and $4,000 maximum for Gauntlet Mini accounts.

Pros:

• 7+ years of operational history
• Scalable account options
• Access to multiple free trading platforms
• Comprehensive educational resources

Cons:

• Some educational materials require payment
• Only supports day trading, no overnight positions

12. Fidelcrest

Fidelcrest is a proprietary trading firm headquartered in Nicosia, Cyprus, with additional offices in Budapest, Hungary, and an IT department in Tallinn, Estonia. Experienced forex traders founded Fidelcrest in 2018.

Fidelcrest enables traders to handle substantial capital. It provides comprehensive training programs, dedicated customer support, and a flexible evaluation process. These elements help traders sharpen skills and achieve trading objectives through diverse accounts and risk management tools.

Funded traders at Fidelcrest can access over 1,000 financial instruments. These include forex, CFDs, futures, and stocks. Specifically, traders can trade more than 80 currency pairs, 10 indices, 7 commodities, and 4,000 stocks from 20 global exchanges.

Fidelcrest offers several funding programs. These programs have varying profit targets, drawdown limits, and subscription fees. Key programs include:

• Micro Trader: Provides funding up to $25,000.
• Pro Trader: Offers funding up to $500,000.
• Basic, Advanced, Pro, and Elite: Each program has specific profit targets and drawdown limits.

The application and evaluation process at Fidelcrest involves several stages:

• Trading Challenge: Traders sign up and meet profit targets on a demo account.
• Verification Phase: Traders repeat the process with higher profit targets and drawdown limits if they pass the initial challenge.
• Funded Account: Successful candidates receive a funded account after passing the verification phase.

Fidelcrest provides lucrative profit-sharing ratios. Traders can take up to 90% of their profits, depending on their chosen risk profile and account types. For example, aggressive accounts offer an 80% profit share. The company processes payouts monthly, providing regular income for successful traders.

Pros:

• Fidelcrest offers a flexible evaluation process with multiple challenge levels and programs.
• The company provides high profit-sharing ratios, up to 90%.
• Traders receive extensive customer support through various channels.
• Traders can access over 1,000 financial instruments.
• The company maintains a low entry barrier; funding starts at $5,000.

Cons:

• Fidelcrest does not operate as a regulated broker; it partners with regulated brokers.
• The company restricts usage of trading robots and Expert Advisors (EAs) unless proven profitable.
• Fidelcrest enforces stringent risk management policies for some traders.

13. FTUK

FTUK offers proprietary trading opportunities for aspiring traders. The firm provides substantial capital while mitigating financial risk. FTUK aims to make forex trading affordable and accessible. The company offers funding programs to help traders achieve profits without personal capital. FTUK’s funded traders can trade forex pairs, commodities, indices, and cryptocurrencies. The firm provides these instruments through MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

FTUK structures its funding program with two main options: the Evaluation Program and Instant Funding. The Evaluation Program requires traders to hit a 10% profit target without exceeding an 8% maximum loss. Traders gain access to funded accounts upon completion. The Instant Funding option allows immediate trading with firm capital under the same profit and loss rules. The program has no minimum or maximum trading day requirements.

FTUK provides an 80% profit share for traders. The firm processes payouts on-demand after the first payout. FTUK charges no withdrawal fees. FTUK offers several advantages: 80% profit share, no minimum trading days, no maximum daily drawdown, diverse market access, on-demand payouts, funding up to $6.4 million, and highly-rated customer support. The firm has some drawbacks: 10% actual profit target, lower initial funding leverage, and unclear daily loss limits.

14. Finnotive Funding

Finnotive Funding provides proprietary trading services from its Budapest, Hungary headquarters. CEO Oliver Newland established the prop firm in April 2021. Finnotive Funding aims to empower retail traders globally by offering funding programs that overcome capital barriers and secure significant returns. Finnotive Funding enables trading of diverse financial instruments including Forex pairs, commodities, indices, and cryptocurrencies. 

Finnotive Funding offers three distinct funding programs:

• Two-step Challenge: This program involves two phases. Phase 1 requires a 7.5% profit target. Phase 2 requires a 5% profit target. Daily and maximum drawdown limits are 5% and 10% respectively. Account sizes range from $2,500 to $200,000.
• One-step Challenge: This program has a single 10% profit target. Daily and maximum drawdown limits are 4% and 7.5% respectively. Account sizes match the Two-step Challenge.
• Instant Funding: This program provides immediate funded account access without a challenge. Account sizes and conditions vary between standard and aggressive options.

Traders must complete an online application and purchase a funding program to apply for a funded account. The evaluation process requires achieving profit targets without breaching drawdown limits. For example, the Two-step Challenge requires 7.5% and 5% profit targets in respective phases. No minimum trading day requirements or time limits exist, providing flexibility for applicants. Profit-sharing ratios vary according to the funding programs chosen:

• Two-step Challenge: Traders earn 75% to 95% profit splits depending on phase.
• One-step Challenge: Similar 75% to 95% profit splits apply.
• Instant Funding: Profit splits range from 55% to 75%.

Finnotive Funding processes payouts monthly, allowing regular income based on trading performance. Advantages include high profit-sharing ratios, flexible trading conditions, diverse instrument options, a professional trader dashboard, and scaling plans for capital growth. Disadvantages include high prices for some programs and specific rule adherence requirements.

15 Funding Pips

Funding Pips is a proprietary trading firm founded in November 2022. Funding Pips is based in Dubai, United Arab Emirates at Premises NO. 19948-001, IFZA Business Park, DDP Dubai. Funding Pips identifies and nurtures trading talent within the financial sector. The firm helps skilled traders advance careers and overcome financial barriers. It offers competitive market conditions, user-friendly trading platforms, and multiple evaluation programs.

Funded traders with Funding Pips trade Forex, Crypto, Indices, Metals, and Energies. Forex trades use 1:100 leverage. Metals and Energies trades use 1:30 leverage. Indices trades use 1:20 leverage. Cryptocurrency trades use 1:2 leverage. The funding program consists of a two-phase evaluation process. Phase 1 requires traders to achieve an 8% profit target. Phase 2 requires a 5% profit target. The maximum total drawdown allowed is 10%. Traders complete these phases successfully to apply and evaluate. They choose between three evaluation models: 1-Step, 2-Step, or 3-Step. Traders must achieve the profit targets after selecting a model. The Risk Team reviews results within two working days. The Know Your Customer (KYC) process follows, which verifies documents, confirms identity, and validates address.

Successful traders receive up to 100% profit split. They access payouts as early as every Tuesday. Payments are available through bank transfers and cryptocurrency. The minimum payout is 1% of the initial balance. Funding Pips offers several advantages. These include a variety of tradable instruments, a scaling plan for increased capital, high profit-sharing ratios, unlimited trading days, popular user-friendly platforms, and fast payouts. Disadvantages include a 10% maximum loss limit on accounts, a $10 withdrawal processing fee, no swap-free accounts, and restrictions on news trading for Master accounts.

How to Choose the Best Prop Trading Firm

Choosing the best prop trading firm involves evaluating factors that can significantly impact your trading success and overall experience. When considering a proprietary trading firm, pay attention to the following five key aspects: Reputation of the Prop Firm, Capital Availability, Trading Conditions, Fee Structure, Profit-Sharing Arrangements. The best prop trading firm will have a strong reputation, ample capital availability, favorable trading conditions, a transparent fee structure, and a fair profit-sharing arrangement. Conducting thorough research and due diligence based on these criteria will help you make an informed decision and enhance your trading success.

What Is a Prop Trading Firm?

A Proprietary Trading firms can be defined as a company that trade financial instruments using their own money to make direct market profits. These firms provide capital, advanced technological resources, and platform access to enhance trader efficiency and profitability. 

Prop trading firms differ from retail brokerage firms in several ways:

• Prop firms use their own funds for trading. Retail brokerages utilize client capital.
• Prop traders share profits with the firm. Retail traders keep all profits but pay fees.
• Prop firms enforce strict risk management. Retail traders manage risks independently.
• Prop firms offer advanced technology, training, and support unavailable to retail traders.

Joining a Prop Trading firm typically requires the following things:

• Demonstrating robust trading skills and experience 
• Completing stringent training or evaluation challenges
• Paying monthly subscription or participation fees ranging from hundreds to thousands of dollars
• Passing a rigorous screening process
• Complying with the firm’s risk management policies and trading rules

Prospective traders can enhance their eligibility by understanding these factors and preparing effectively. Prop trading offers career advancement opportunities for skilled traders.

What are the Benefits of Trading with a Prop Trading Firm?

Prop trading firms offer traders several key advantages. Prop trading firms provide financial backing, allowing traders to take larger positions without risking personal capital. Prop trading firms enable traders to diversify portfolios and increase profit potential. Prop firms implement profit-sharing models. These models typically give traders 80% of profits, and in some cases (Prop number one 100% of profit share) incentivizing funded traders’ strong performance. Percentages vary between firms, offering competitive rewards based on success.Traders gain job security and steady income through prop firms. These firms use robust risk management policies to protect traders from market volatility. This structure stabilizes income and reduces threats from unpredictable conditions.

Prop firms provide advanced technology and expert guidance. They offer sophisticated platforms with advanced charting tools, real-time data, and algorithmic support. Mentorship from seasoned professionals enhances traders’ skills and decision-making. Risk management support benefits traders at prop firms. Established protocols protect both traders and firms, ensuring disciplined trading and consistent performance. This minimizes risks from leveraged positions.Prop firms often allow higher leverage ratios than retail brokers. Higher ratios enable traders to take larger positions and potentially increase earnings.Training and education form integral parts of prop firm offerings. Firms provide educational materials, webinars, workshops, and guidance to improve traders’ skills.Traders experience reduced financial stress at prop firms. Using the firm’s capital allows traders to focus on strategy execution without personal loss concerns.

What Are the Best Prop Trading Firms According to Type of Trading?

The best prop trading firms vary according to the type of trading involved. For futures trading, stock trading, forex trading and option trading, the best prop firms are Prop Number One, Topstep and Earn2Trade. Prop Number One is known for their unique 100% profit share model after passing a two-step evaluation process with transparent fee structure, and the possibility of trading with a funded account. Topstep offers trading accounts with flexible rules, allowing traders to choose the best fit for their style.

What Are the Best Prop Trading Firms for Forex?

Prop Number One, Topstep, MyFundedFutures, and Apex Trader Funding are the best prop trading firms for futures. These firms provide capital and resources for traders to leverage futures contracts. Prop Number offers a straightforward evaluation program and advanced futures trading tools. Prop Number One provides comprehensive support and access to various futures contracts. Its efficient evaluation process helps traders qualify for funding more easily. Apex Trader Funding offers a unique profit-sharing model. Traders keep 100% of their first $25,000 in profits and 90% thereafter. It provides advanced platforms like Rithmic or Tradovate for futures trading. Traders choose futures prop trading firms for significant profit potential due to leverage. Futures markets provide early signals about market trends.

The main criteria for selecting the best futures prop trading firms are listed below:

• Experience and reputation
• Funding models and profit sharing terms  
• Efficiency of evaluation process
• Quality of trading platforms and tools
• Customer support and trading community

What are the best Prop trading firms for Stocks?

Prop Number One is the best prop trading for stocks. Prop Number One specializes in stock trading and provides extensive features for stock traders. Prop trading firms that trade stocks provide capital to traders for stock trading. They offer leverage, advanced trading tools, and risk management protocols. This enables traders to access and profit from the stock market effectively. Prop Number One stands out because it offers a 100% profit share to funded traders. Prop Number One provides access to over 12,000 stocks and ETFs.

Key criteria for evaluating stock prop trading firms are the following:

1. Support and Training: Prop Number One provides educational resources and ongoing support for stock trading.
2. Trading Tools: It offers advanced trading dashboards and risk management instruments like max daily loss limits.
3. Risk Management: The firm maintains transparent risk management practices with clear policies on max drawdown and daily risk.
4. Fees and Profit Sharing: Prop Number One allows traders to retain up to 100% of profits and maintains a straightforward fee structure.

What Are the Best Prop Trading Firms for Crypto?

Prop Number One, FTMO, Funded Trading Plus, and FundedNext rank as top crypto prop trading firms. Crypto prop trading firms provide capital for experienced traders to trade cryptocurrencies. These prop trading firms offer high capital amounts to skilled traders in exchange for profit sharing. Prop Number One provides high leverage, competitive profit splits, and rigorous evaluation. Prop Number One offers a 100% profit share, with traders receiving 100% of profits. The firm’s evaluation ensures only skilled traders qualify.

Funded Trading Plus offers scalable funding up to $2.5 million and flexible evaluations. It provides profit splits favoring traders, often around 80-20. This model encourages top trader performance while sharing a smaller profit portion. FundedNext provides scalable funding up to $4 million. It maintains advanced trading platforms, comprehensive education, and strong customer support. The firm offers competitive profit splits to maximize trader earnings.

What Are the Best Prop Trading Funding Programs?

Prop number one, Apex Trader Funding, Uprofit Trader, FundedNext, and Funder Trading offer the best prop trading funding programs. 

The best prop trading funding programs are ranked according to the following factors:

• Reasonable evaluation processes: Reasonable evaluations allow traders to qualify quickly
• High profit splits: High profit splits let traders keep more earnings
• Flexible trading conditions: Flexible conditions enable trading various instruments with leverage
• Prompt payouts: Prompt payouts provide quick access to profits
• Substantial educational support: Educational resources enhance trading skills.

What Are the Best Prop Trading Firms for Options Trading?

The best prop trading firms for option trading are Prop Number One, Jane Street, and Peak6. Options contracts give buyers the right to buy or sell assets at set prices within specific timeframes. Option trading offers high potential returns due to leverage and volatility, but also involves significant risks and complexity.

The best option trading prop firms own the following characteristics:

• Ample capital for larger positions
• Advanced technology and analytics tools
• Comprehensive training programs
• Mentorship and trader networks
• Robust risk management practices
• Attractive profit sharing models

These firms excel in capital provision, technology, education, and profit sharing for option trading within prop trading.

What Are the Best Prop Trading Firms According to Type of Trader?

Day traders, swing traders, algorithmic traders, and position traders are the most common types of traders involved with prop trading firms.

Day traders open and close positions within one trading day. They prioritize:Low latency execution, Advanced charting tools, Intraday leverage. Prop number One provides efficient trade executions and flexible platforms. Swing traders hold positions for several days to weeks, aiming to benefit from price swings. For swing traders, prop trading firms that provide tools for technical analysis, flexible trading conditions like minimal overnight fees, and comprehensive market data are essential. The firm should also allow trading during extended hours and support various markets, including stocks, forex, and commodities. TopstepTrader, Prop Number One and Apex Trader Funding offer comprehensive risk management and avoid strict daily loss limits, benefiting swing traders.

Algorithmic traders utilize programmed trading strategies to execute trades based on predefined criteria. These traders require firms with robust technological support, such as reliable APIs (Application Programming Interfaces), advanced algorithmic trading platforms, and high-frequency trading capabilities. Prop trading firms need to offer customizable solutions and excellent data feed accuracy to cater to algorithmic strategies. Prop Number One supports MetaTrader 4 and 5 platforms, enabling algorithmic traders to create and test automated strategies. Position traders hold positions for months or years. They look for: Stable long-term funding options Minimal trading restrictions, Competitive profit splits. Prop number One, The Funded Trader Program and The5%ers provide scalable funding programs and long-term trade holding capabilities for position traders.

What Are the Best Prop Trading Firms for Beginners?

The best prop trading firms for beginners are: Prop number one, Topstep, FTMO, The 5%ers, Fidelcrest, Earn2Trade. 

1. Prop Number One gives a support system for traders, offering educational resources and a selection of cutting-edge trading platforms such as MetaTrader 4 (MT4),MetaTrader 5 (MT5), cTrader, DxTrade and MatchTrader.
2. Topstep specializes in futures trading and offers educational resources. It uses a structured evaluation process to simulate trading without risk. Topstep provides trading capital after successful program completion.
3. FTMO offers a transparent evaluation process with two testing steps. It allows traders to manage accounts up to $400,000. FTMO provides an 80% profit split initially.
4. The 5%ers caters to forex and metal traders globally. It has a low $95 entry barrier and offers up to 100% profit split.

1. Fidelcrest provides a user-friendly forex trading platform. It offers educational materials to help beginners. Successful traders can access significant capital.
2. Earn2Trade features the Gauntlet Mini program for new traders. It offers courses, tutoring, and flexible funding options.

Key evaluation criteria while selecting the best prop trading firm for beginners includes the following aspects: 

1. Reputation – Look for firms with positive reviews and reliable support.
2. Available assets – Consider firms offering diverse instruments.
3. Fees – Assess initial and subscription costs. Some firms offer refunds or lower barriers.
4. Education – Choose firms with detailed training programs.
5. Risk management – Select firms with clear risk policies.
6. Support – Pick firms with responsive support teams.

What Are the Best Prop Trading Firms for Swing Traders?

Top prop firms for swing traders include: Prop Number One: Offers position holding flexibility and educational resources.The 5%ers: Provides scalable profit splits and accounts up to $4 million. Smart Prop Trader: Allows weekend holds and news trading with $2.5 million funding. FundedNext: Features fast scaling and up to $4 million funding. TopStep: Specializes in futures swing trading accounts.Funding Traders: Supports various swing strategies and competitive profit sharing. Swing trading is an investment strategy where traders hold positions for several days to weeks, aiming to profit from anticipated shifts in stock prices. Unlike day trading, which involves buying and selling within a single trading day, swing trading allows traders to benefit from short- to medium-term market movements. Evaluating prop trading firms for swing trading requires consideration of multiple crucial criteria. 

The best prop trading firms for swing traders offer:

1. Overnight/weekend position holding: Prop number One, FTMO allows weekend position holding.
2. No news event restrictions: Prop number One, Smart Prop Trader permits trading during news events.
3. No minimum trade requirements: FundedNext, Prop number One imposes no minimum trade count.
4. Multiple instrument access: The 5%ers, as well as Prop number One and many others provide accounts with various instruments.
5. Competitive profit splits: Prop number One offers a 100% profit split.

What Are the Best Prop Trading Firms According to Nationality?

The best prop trading firms according to nationality are ranked according to adhere to local regulations, adapt to economic environments, and align with regional trading philosophies. This adherence ensures a secure, compliant, and profitable trading environment for traders. Prop trading firms differ based on nationality due to varying market regulations, economic conditions, and trading philosophies across countries. Firms must comply with their home countries’ regulations, impacting their operations and suitability for traders.

Market regulations shape prop trading firms’ operational framework. U.S. firms follow SEC regulations. The SEC mandates strict reporting and operational standards. UK firms adhere to FCA rules. The FCA provides a protective environment for traders. Indian firms follow SEBI guidelines. SEBI prioritizes trading integrity and investor protection.

Economic conditions influence firms’ capital reserves. Stable economies allow firms to offer larger trading accounts and leverage. Each country’s economic conditions shape the trading environment of prop firms. Emerging markets like China and India present growth opportunities but come with higher volatility. Traders must evaluate how economic factors, such as GDP growth rates and market liquidity, influence trading strategies.  National regulations impact firms’ suitability for traders. The UK’s FCA environment ensures high trust and security levels. U.S. firms adhering to SEC standards are seen as reliable. Tax implications affect firms’ profitability and attractiveness. Some countries offer lower capital gains tax or financial incentives, making their firms more appealing.

What Are the Highest Paying Prop Trading Firms?

Prop Number One leads the prop trading industry with 100% profit retention for traders, and it is considered the highest paying prop trading firm. Traders keep all profits after passing evaluation and becoming funded. This contrasts with typical profit-sharing arrangements at other firms.

Other high paying prop trading firms that offer lucrative compensation are listed below:

1. Topstep provides 100% profit split up to $5,000 and 80% thereafter, with $150,000 maximum trading capital.
2. Funding Traders offers high profit splits and 25% account growth every three months.
3. FundedNext starts profit shares at 15% with potential increases. Account managers assist traders in maximizing earnings.
4. FTMO enables traders to retain 90% of profits, one of the highest rates in the industry.

Profit splits significantly impact trader compensation at prop firms. Maximum available funding also affects earning potential, with firms like Prop number One, Topstep and FundedNext offering substantial capital. Traders should consider firm reputation, capital, trading conditions, and support when selecting a prop firm, in addition to profit retention. This comprehensive approach aligns with individual goals and maximizes earnings potential in prop trading.

What Are the Cheapest Prop Trading Firms?

The cheapest prop trading firms in the market are Prop number one that offers a 7,000$  trading account for $47, The5ers that offers a $5,000 trading account for $39, MyFundedFX starts accounts from $50, FundedNext that leverages an immediate 15% profit share and flexible trading guidelines. Cheap prop trading firms provide traders access to capital at low costs. The term “cheapest” refers to firms offering the lowest entry costs, evaluation fees, and ongoing expenses for funded trading accounts. These firms provide advantageous financial terms for traders.

Traders should examine entry costs, profit splits, fee structures, flexibility, fund availability, and trading guidelines to ensure the best financial terms when choosing the cheapest prop trading firm. This approach ensures traders maximize earnings while minimizing costs.

What Are the Most Expensive Prop Trading Firms?

Expensive prop trading firms are characterized by high upfront costs, elevated monthly fees, significant profit splits, and additional hidden costs that traders might incur. These firms generally provide exclusive tools, training, and larger capital allocations, justifying their steep costs through perceived value and premium services.

Characteristics that make a prop trading firm expensive:

1. High Upfront Costs: Expensive prop trading firms typically require a substantial initial investment from traders to secure funding. This initial cost acts as a barrier to entry but is often justified by the advanced training programs and substantial capital allocations provided.
2. Significant Monthly Fees:Monthly fees in expensive prop trading firms are often elevated, covering the cost of premium services such as advanced trading platforms, proprietary tools, and continuous education resources. Traders might be expected to pay anywhere from $500 to over $1,000 per month, depending on the level of access and capital allocation.
3. High Profit Splits: Profit-sharing arrangements in expensive firms usually favor the firm. These firms often take a larger percentage of the profits generated by traders, with ratios sometimes being as high as 50/50 or 60/40 in favor of the firm. This can significantly reduce the additional earnings of the trader.
4. Advanced Technological Infrastructure: Expensive prop trading firms boast cutting-edge technology, providing traders with state-of-the-art trading platforms and tools. These tools might include high-frequency trading capabilities, advanced algorithms, and sophisticated risk management systems. The infrastructure’s maintenance and continuous upgrading contribute to the high cost.
5. Exclusive Training and Mentorship Programs: Many expensive prop trading firms offer exclusive training and mentorship programs led by industry veterans. These programs are designed to enhance traders’ skills and provide insights into advanced trading strategies. The cost of these tailored programs often justifies the higher fees associated with such firms.
6. Larger Capital Allocations: Expensive firms tend to offer more substantial capital allocations to their traders, giving them access to higher leverage and larger positions. This increased capital can amplify trading opportunities but also contributes to the overall cost structure of these firms.
7. Additional Hidden Costs: Traders might face additional hidden costs such as fees for proprietary data feeds, advanced software licenses, and premium research services. These costs can accumulate and further elevate the total expenses associated with trading through these firms.

What Are the Prop Firms That Allow Trading with EA?

Expert Advisors (EAs) are automated trading systems programmed to execute trades based on predefined criteria. EAs are often integrated with trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The main purpose of using EAs in prop trading is to eliminate emotional trading, allowing for consistent and disciplined trade execution.

Several prop firms support EA usage on funded accounts. Prop Number one permits EAs on MT4 and MT5 platforms with risk management rules. Traders cannot risk more than 5% of account balance per trade. Topstep allows EAs if traders pass the MT4 platform evaluation process. Traders should consider key factors when choosing a prop firm for EA trading. Platform compatibility ensures proper EA functioning. Execution speed enables high-frequency trading. Testing capabilities like demo accounts and backtesting tools evaluate EA performance. Firms impose restrictions on EA types and strategies. Technical support assists with EA integration and troubleshooting.

What Prop Trading Firms Allow Copy Trading?

Prop number one, FundedNext, Glow Node, The Trading Capital, and Blue Guardian allow copy trading. Copy trading is a trading strategy where one trader’s positions are automatically copied by another trader’s account. Less experienced traders benefit from seasoned professionals’ strategies through copy trading. Traders should assess internal vs external copying policies when considering copy trading. Understanding technical and risk limitations is important. Reviewing terms and conditions thoroughly helps traders align copied strategies with their goals and risk tolerance. Choosing the right prop firm allows traders to leverage copy trading effectively. Traders can enhance performance while managing associated risks by selecting an appropriate firm. This approach allows less experienced traders to benefit from the expertise of seasoned traders. The mechanism involves a platform that enables the duplication of trading activities from the master account to one or several follower accounts.

What Is the Best One-Phase Prop Trading Firm?

SurgeTrader provides one of the best one-phase prop trading challenges. SurgeTrader offers profit splits up to 90%, with a standard 75% split. Traders can access FX, Oil, Metals, Indices, Crypto, and some Stocks. SurgeTrader enforces an 8% maximum drawdown limit and 5% daily limit. The challenge requires a 10% profit target. SurgeTrader provides 10:1 leverage for most assets, with up to 20:1 for some instruments. The one-phase challenge has some drawbacks. SurgeTrader charges higher fees compared to similar platforms. The leverage limits are relatively low, restricting potential profits. Prop Number One offers distinguished features with a two-phase challenge. Prop Number One provides 100% revenue profit share, allowing traders to keep all profits. This makes it attractive for long-term profitability and growth.

What Is the Best Two-Phase Prop Trading Firm?

Prop number one is the best two-phase prop trading firm due to its 100% profit share guarantee. Prop number one offers a two-step evaluation process that rigorously assesses traders’ skills and discipline. Traders benefit from Prop number one’s comprehensive support system that includes robust educational resources, professional guidance, and a free trial to familiarize with the trading environment.The two-phase prop trading challenge evaluates traders over two stages, ensuring they meet specific profit targets and adhere to drawdown limits. The first phase requires traders to achieve a set profit target within a specified timeline. The second phase tests consistency and risk management. Successful completion of both phases grants traders access to a funded account.

Prop number one’s profit-sharing structure allows traders to retain 100% of their profits. This deviates significantly from the industry norm where prop trading firms usually offer profit splits ranging from 50% to 90%. This model incentivizes traders to perform at their best, knowing they will keep all their earnings. Prop number one provides educational resources including webinars, tutorials, and personalized coaching. These resources help traders navigate the two-phase challenge effectively. Prop number one offers several trading platforms including MetaTrader 4, MetaTrader 5, and cTrader, ensuring traders have the necessary tools for successful trading. Prop number one’s combination of 100% profit share, rigorous but fair evaluation process, and extensive support system makes it the best choice for traders seeking to join a two-phase prop trading firm.

What Are the Characteristics of the Best Prop Trading Firm?

The characteristics that distinguish best prop trading firms amongst others are: strong reputation, regulatory compliance, capital availability, clear risk policies, strategy flexibility, quality support, advanced technology, competitive profit sharing, comprehensive market access, educational resources, and global reach. Strong reputation and track record form the foundation: These firms consistently demonstrate stability and reliability. Positive trader reviews and minimal regulatory issues verify their standing. Regulatory compliance defines top firms. They operate as registered market makers and adhere to all trading regulations. This ensures a secure, professional environment. Substantial capital availability aligns with trader strategies and requirements. High leverage options enable larger positions without excessive risk.

Clear, comprehensive risk management policies protect traders. Strict drawdown limits help manage exposure effectively. Strategy flexibility accommodates various trading styles. Day trading, swing trading, and long-term approaches can be executed without unnecessary restrictions. Quality customer support enhances the trading experience. Prompt technical and trading assistance resolves issues quickly. A supportive community facilitates knowledge sharing among traders. Advanced technological infrastructure distinguishes top firms. Competitive profit-sharing terms attract and retain traders. Top firms like prop number one allow 100% profit retention. Comprehensive liquidity and asset coverage enable diversified trading. Sourcing from Tier-1 exchanges ensures reliable price data and expanded opportunities.

Educational resources support continuous skill development. Webinars, workshops, ebooks, and expert guidance enhance trader knowledge. Global presence provides access to international markets. This allows traders to diversify activities and capitalize on varied market conditions.

How Do Prop Trading Firms Evaluate traders?

Prop trading firms evaluate traders using multiple criteria to ensure profitability and minimize risk. Firms assess traders based on profitability percentages, return consistency, and risk limit adherence. Traders must meet specific profit targets while respecting daily and overall loss limits. Risk management strategies is an important evaluation criterion. Effective risk management includes maximum drawdown limits, stop-loss requirements, and position sizing strategies. These measures safeguard capital by mitigating potential losses during adverse market conditions. Prop trading firms use these comprehensive criteria to select skilled traders, manage risks effectively, and maintain high profitability and market reputation.

What Makes a Prop Trading Firm Stand Out?

Prop trading firms stand out by providing comprehensive training programs, access to advanced technology, capital and liquidity reserves. These programs improve traders’ skills through workshops, webinars, and mentorship. Top firms like Prop number one, FunderPro and FTMO emphasize trader development through structured learning. Access to advanced technology distinguishes superior prop trading firms. They invest in cutting-edge trading platforms, data feeds, and analytical tools. This ensures efficient trade execution and informed decision-making. Firms like Prop number One, FTMO offer platforms such as MetaTrader 4, MetaTrader 5, and CTrader. Capital and liquidity reserves impact a firm’s ability to support traders. Strong firms maintain substantial capital bases and adequate liquidity. This allows traders to take larger positions and manage risks effectively. A secure withdrawal process maintains trust between firms and traders. Reliable firms ensure smooth and timely profit withdrawals. Transparency and ethical practices set leading prop firms apart. They adhere to clear ethical guidelines and comply with regulations. This builds strong reputations and attracts more traders.

How Do Prop Trading Firms Maintain Their Reputations?

Prop trading firms maintain their reputations through several strategies. 

These strategies include:

1. Establishing clear ethical guidelines
2. Adhering to regulatory compliance
3. Maintaining transparency
4. Providing robust support and resources
5. Engaging in effective reputation management

Prop trading firms establish clear ethical guidelines by creating explicit standard operating procedures (SOPs). These SOPs ensure fair and transparent operations. Clear guidelines prevent unethical behavior among traders and staff.

Prop trading firms adhere to industry standards and regulatory requirements. They comply with entities like the Securities and Exchange Commission (SEC) in the United States and the Financial Conduct Authority (FCA) in the UK. Regulatory adherence builds trust among traders and investors.

Prop trading firms maintain transparency through professional online presences. They use well-designed websites and active social media profiles. Transparency involves clear communication about fee structures and profit-sharing models.

Prop trading firms provide robust support and resources. They offer educational materials, trading tools, and access to experienced traders for mentorship. These resources demonstrate commitment to client success.

Prop trading firms engage in effective reputation management. They monitor their online presence and react promptly to negative feedback. They promote positive content about the firm. Reputation management strategies include addressing negative reviews and highlighting trader success stories.

Prop trading firms implement continuous improvement policies. They update technologies and conduct regular policy reviews. These actions contribute to strong and positive reputations in the competitive trading environment.