5 Best Prop Trading firms in Australia

The best prop trading firms in Australia are proprietary trading companies allowing traders to use the firm’s capital. Choosing the best prop trading firms in Australia is challenging due to the different available options and criteria for defining the best. Australian traders can access numerous prop trading firms with unique features, offerings, and complexities.

The best prop firm in Australia are the following: 

• Prop number one
• Fieldcrest
• Funded Trading Plus
• FTMO
• Finotive Funding

Traders prioritize different aspects when choosing prop trading firms, making the decision highly individualized. Key characteristics to consider include:

1. Financial Instruments: Ideal firms offer diverse instruments like Forex, indices, commodities, stocks, and cryptocurrencies. 
2. Profit Share: Profit-sharing schemes vary significantly across firms. 
3. Cost: Initial costs or evaluation fees vary widely. 
4. Platform: Trading platforms affect trading efficiency and experience. 
5. Maximum Balance: Maximum account balances range appreciably.
6. Evaluation Process: Successful trading often requires passing a rigorous evaluation process. 
7. Refundable Registration Fee: Some firms offer refundable registration fees for unsuccessful evaluations. 

The Australian Securities and Investments Commission (ASIC) oversees prop trading firms, focusing on risk management and KYC/AML procedures. This approach allows significant operational freedom for these firms. Traders can select suitable prop trading firms by considering financial instruments, profit share, cost, platform, maximum balance, evaluation process, and refundable registration fees. These factors help achieve trading objectives effectively.

1. Prop Number One

Prop number one operates as a proprietary trading firm in Australia and worldwide. The firm began operations in 2024. Prop number one offers account sizes from $7,000, which can scale up to $300,000. Prop number one provides funded traders the use of the following trading platform: MetaTrader 4 (MT4),MetaTrader 5 (MT5), cTrader, DxTrade and MatchTrader. The firm offers traders up to 100% profit splits. Prop number one charges low fees starting at USD 47. Prop number one minimum deposit option attracts both novice and experienced traders. These features position Prop number one as a top prop firm choice for Australian traders.

2. Fidelcrest

Fidelcrest is a proprietary trading firm. A team of experienced Forex traders and professionals established Fidelcrest in 2018. Fidelcrest maintains its headquarters in Nicosia, Cyprus. Fidelcrest offers Pro Trader Normal, Pro Trader Aggressive, Micro Trader Normal, and Micro Trader Aggressive account types. These accounts have distinct specifications for different trader needs. Fidelcrest provides up to $2 million in funding for qualified traders. Traders can scale their capital to $2 million over time. Traders must pass a two-phase evaluation process to access this funding. The process includes a 30-day Challenge phase and a 60-day Verification phase. This process thoroughly vets traders’ abilities.

Fidelcrest offers an 80% to 90% profit share. The profit share depends on account type and performance metrics. Fidelcrest sets daily loss limits between 5% and 10%. Maximum trailing drawdowns range from 10% to 20%. These limits encourage disciplined risk management.

Fidelcrest uses MetaTrader 4 and MetaTrader 5 as its primary trading platforms. These platforms support Forex, indices, commodities, stocks, and cryptocurrencies trading. Fidelcrest allows algorithmic trading and manual copy trading. This provides flexibility in trading approaches. Fidelcrest charges a minimum evaluation fee of €99. This fee is refundable. The low fee reduces the financial barrier to entry. Fidelcrest offers diverse withdrawal methods including PayPal, Neteller, Skrill, credit cards, and bank transfers. These options make earnings accessible to global traders, including those in Australia.

3.Funded Trading Plus

Funded Trading Plus operates as one of the top prop trading firms for Australian traders. The UK-based company launched in 2021 and offers features for traders of all experience levels. Funded Trading Plus provides account sizes from $5,000 to $200,000. Traders can scale accounts up to $2.5 million through the firm’s growth plan. This flexibility appeals to both new and experienced traders seeking substantial growth.

Funded Trading Plus offers three main evaluation programs:

1. Experienced Trader (1-phase): Requires 10% profit target, 3% maximum daily loss, 6% maximum trailing drawdown.
2. Advanced Trader (2-phase): Requires 8% profit target in Phase 1, 5% profit target in Phase 2, 4% maximum daily loss, 8% maximum trailing drawdown.
3. Master Trader (No evaluation): Provides direct funding with 6% maximum daily and trailing drawdown.

Funded Trading Plus partners with EightCap, an ASIC-regulated broker in Melbourne. This ensures compliance with Australian financial regulations. Funded Trading Plus supports MetaTrader 4 and MetaTrader 5 platforms. The firm offers Forex pairs, indices, commodities, and cryptocurrencies. Leverage varies: up to 1:30 for Forex/commodities, 1:20 for indices, 1:2 for cryptocurrencies. Traders can earn up to 90% profit share. Funded Trading Plus processes weekly withdrawals via multiple methods including cryptocurrencies. Funded Trading Plus uses simulated-live conditions to eliminate personal capital risk. The firm provides competitive pricing and guaranteed payouts. Traders can access 24/7 support via email, live chat, phone, and Discord. Funded Trading Plus excels in funding opportunities, rigorous evaluations, and robust support. These factors make it a top choice for Australian prop traders.

4.FTMO

FTMO offers proprietary trading accounts to traders worldwide. The firm provides account balances from $10,000 to $2,000,000 through a two-stage evaluation process. Traders can earn up to 90% profit splits. FTMO’s evaluation includes the FTMO Challenge and Verification stages. These test traders’ skills and risk management abilities. Standard leverage offers 1:100 for Forex/Exotics and 1:50 for Metals/Cash/Futures CFDs. Swing trading leverage reduces to 1:30 for Forex and 1:15 for Metals/Cash/Futures CFDs.

FTMO provides access to Forex, Indices, Metals, Commodities, Stocks, and Cryptocurrencies. Traders can use MetaTrader 4, MetaTrader 5, cTrader, and Dxtrade platforms.

FTMO offers performance coaching sessions and a premium program. The premium program provides fixed salaries to top performers. FTMO recently announced expansion into retail brokerage.

5. Finotive Funding

Finotive Funding offers trading opportunities across Forex pairs, indices, commodities, and cryptocurrencies. The firm operates from Budapest, Hungary since 2021. Traders access the MetaTrader 5 platform through Finotive Funding. The company provides diverse funded accounts with industry-average requirements. Audition fees start at $50. The firm implements specific trading conditions. Traders can earn up to 95% of their profits, based on performance. Drawdown limits range from 4% to 10% daily and 7.5% to 10% in total.

The firm prohibits high-frequency trading, arbitrage, and strategies exploiting service errors. Traders cannot hedge across accounts or use third-party account management services. Finotive Funding closes inactive accounts after 30 days. Failed funded account traders receive a 25% profit split on their next account until compensating previous losses.

Finotive Funding operates through an unregulated in-house brokerage. This operation raises concerns about its regulatory standing. Potential traders should fully understand the associated risks.

What to know about Prop Firms in Australia?

Prop trading firms in Australia provide traders access to capital and financial instruments. These firms offer accounts ranging from $5,000 to $2.5 million with performance-based scaling options. Profit sharing models typically range from 80% to 90%, with an exceptional 100% profit share provided by Prop number one. Prop number one offers up to 100% profit split, while FTMO offers up to 90%. Traders can trade Forex, indices, commodities, stocks, and cryptocurrencies.

International standards generally regulate these firms. Firms must adhere to local regulations and operate transparently, even if not based in Australia. The Australian Securities and Investments Commission (ASIC) oversees risk management and compliance, though regulations for prop trading firms are not stringent.

Australia allows prop trading legally if firms comply with local and international regulations. Popular firms for Australian traders include Prop number one, Funded Trading Plus, FTMO, and Fidelcrest. These firms provide robust platforms, generous profit-sharing models, and comprehensive support services. Each firm has specific trading conditions, such as permitted trading during news releases and overnight position holding. Selecting the right prop firm in Australia requires understanding these factors.

What is a prop firm?

A prop firm provides capital for traders to use in financial markets. Prop firms trade with their own money, not client funds. Traders at prop firms receive a share of profits generated.

Prop firms offer the following benefits:

• Access to significant capital (up to $2.5 million through scaling programs)
• Advanced trading platforms
• Possibility to trade different financial instruments (Forex, indices, commodities, stocks, cryptocurrencies)

Traders must pass evaluation programs to join prop firms. Programs require:

• Meeting specific profit targets
• Following strict risk management rules

Prop firms operate legally in Australia. They must comply with financial regulations but face less regulation than traditional institutions. Prop trading firms provide: Substantial trading capital, Educational resources, Customer support, Advanced platforms. Understanding these aspects helps traders navigate prop firms in Australia and choose appropriate firms.

How are Prop Firms Regulated in Australia?

The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) regulate proprietary trading firms in Australia. These bodies enforce regulations to maintain market integrity and protect investors. ASIC oversees financial services businesses in Australia, including proprietary trading firms. It requires these entities to hold a financial services license unless exempt. Licensing requirements typically include capital adequacy, conduct standards, fitness, and reporting obligations. ASIC supervises market activities like insider trading and short-selling for firms dealing in ASX-listed securities or derivatives. It also monitors emerging areas related to prop trading, such as contracts for difference (CFDs).

APRA regulates authorized deposit-taking institutions (ADIs), including banks and related organizations engaged in proprietary trading. It imposes prudential standards covering capital, liquidity, and operational risk. These standards control risk exposure in the financial industry and ensure institutions’ stability. Proprietary trading firms must hold an ASIC-issued financial services license unless exempt. These licenses ensure firms meet specific criteria, including sufficient capital and adherence to conduct and reporting standards. Licensing enhances transparency and accountability in the proprietary trading industry. ASIC supervises firms dealing in ASX-listed securities or derivatives. This responsibility includes ensuring compliance with ASX listing rule disclosure obligations. Effective supervision ensures fair trading practices and mitigates market manipulation risks. ASIC focuses increasingly on CFD distribution by prop trading services. Its surveillance plans include detailed monitoring of new distribution methods and a comprehensive review of consumer outcomes. This proactive stance aims to adapt to evolving trading methods and ensure consumer protection. Proprietary trading firms in Australia operate under a restricted regulatory framework enforced by ASIC and APRA. This framework balances market efficiency and investor protection, ensuring the integrity and reliability of Australia’s financial markets.

Is prop trading legal in Australia?

Yes, prop trading is legal in Australia. Australian law permits proprietary trading activities for financial institutions and other entities. The Australian Securities and Investments Commission (ASIC) regulates prop trading to oversee market conduct and ensure compliance. Australia’s regulatory framework governs prop trading through bank, securities, and market regulations. ASIC focuses on ensuring fair and transparent market practices. Australia lacks specific regulations like the U.S. Volcker Rule restricting certain bank prop trading. Existing prudential and financial services regulations achieve similar objectives in Australia.

Entities conducting prop trading in Australia typically require an Australian Financial Services (AFS) license from ASIC. The licensing process ensures firms adhere to legal standards and regulatory requirements. Some exceptions exist, like Authorised Deposit-taking Institutions operating solely with wholesale clients. Australia’s lack of a Volcker Rule provides greater flexibility for financial institutions to engage in prop trading compared to the U.S. The existing regulatory framework still aims to protect market integrity and minimize systemic risks.

Prop trading firms in Australia must comply with ASIC regulations. These firms implement rigorous risk management practices to operate within the legal framework. ASIC’s oversight helps maintain market stability and investor confidence. Australian prop trading operates in a well-regulated, legal, and structured environment. This framework allows firms to operate while ensuring market integrity and investor protection.

What are the best prop firms that accept Australian citizens?

Prop number One, FTMO, Funded Trading Plus, Topstep, Fundedbull, Blue Guardian, and SurgeTrader offer notable features for Australian traders.

Prop number One provides a profit share model of 100% with funded accounts up to 300,000$, FTMO provides a maximum account balance of $2,000,000. Funded Trading Plus offers an account balance up to $2,500,000. Topstep provides a maximum account balance of $150,000 with a profit split of 90%. Fundedbull offers an 80% profit share and charges fees starting at $49 for a $5,000 account, Blue Guardian offers $0 withdrawal fees and an 85% profit share. SurgeTrader offers a funding capability up to $1 million with a 90% profit share. These prop trading firms provide high maximum funding, attractive profit shares, and a wide variety of tradable instruments. They use advanced trading platforms. They cater effectively to Australian traders, providing necessary resources and mentorship for success in financial markets.

How to get prop firm account as Australia citizen

Australian citizens can obtain proprietary trading accounts by following these steps and meeting specific criteria:

1. Choose a Prop Firm: Traders select reputable proprietary trading firms that accommodate Australian traders. Prop number One, Funded Trading Plus, Blue Guardian, and The Prop Trading offer top options for Australians. Traders evaluate firms based on trading platforms, safety, educational content, customer support, and profit-sharing agreements.
2. Meet Eligibility Criteria:  Traders must meet general eligibility requirements, including:Being over 18 years old, Paying an evaluation fee ($39 to $200+), Selecting an account size (starting at $5,000 minimum). 
3. Complete the Evaluation Program: Traders undergo a rigorous evaluation program consisting of one or two phases. Traders must achieve specific profit targets while adhering to risk management rules.
4. Select Trading Platforms and Instruments: Traders confirm the firm offers compatible trading platforms and instruments. Common options include platforms: MetaTrader 4 and 5 and financial Instruments: Forex, indices, commodities, cryptocurrencies. 
5. Receive Account Funding and Scaling: Successful traders receive initial funding of $5,000 to $500,000+ based on performance. Some firms offer scaling plans to increase funding as traders meet targets.
6. Comply with Rules: Traders must strictly follow the firm’s rules, including:Profit targets, Loss limits, Acceptable trading styles. 
7. Utilize Customer Support: Traders consider the quality of customer support. Most firms provide support via live chat, email, and phone.

By carefully selecting a firm, meeting criteria, completing evaluations, and following rules, Australian citizens can access funded trading accounts and profit-sharing opportunities.

Why Prop Number One is the best prop firm in Australia? 

Prop Number One offers the best proprietary trading opportunities in Australia for the main following reasons:

1. Profit-sharing: Prop Number One provides up to 100% profit-sharing agreements, motivating traders and maximizing earning potential.
2. Trading capital: Traders access accounts exceeding $300,000, enabling substantial trades and market movement exploitation.
3. Instrument diversity: Prop Number One supports forex, commodities, indices, equities, and cryptocurrencies trading, allowing strategy optimization across markets.
4. Advanced platforms: The firm offers MetaTrader 4 and 5, cTrader, and TradingView, providing advanced charting and automation tools.
5. Customer support: Prop Number One delivers 24/7 assistance via live chat, email, and phone, ensuring prompt issue resolution.
6. Educational resources: Traders access extensive webinars, tutorials, and strategy guides for continuous learning and skill enhancement.
7. Transparent payments: The firm ensures timely payouts without hidden fees.

These factors collectively establish Prop Number One as Australia’s leading prop trading firm. 

What criteria need to be considered when selecting a prop firm in Australia?

The main criteria to consider while selecting a prop firm in Australia are the following: 

• Profit sharing models and maximum funding account. 
• Compliance with Australian regulations.
• Trading instruments and platforms offered by firms.
• Evaluation processes and duration. 
• Customer support and training resources.
• Risk management strategies.
• Daily loss limits, maximum drawdown allowances.
• Reputation and user feedback. 
• Cost and scalability considerations (initial fees, monthly charges, and hidden costs) 
• Withdrawal policies. 
• Language support. 

Thorough evaluation of these criteria enables informed decision-making for selecting a prop firm that balances profitability, reliability, and support.

How Trading Styles Influence Prop Firm Selection?

Trading styles significantly impact prop firm selection in different ways.

Day trading requires prop firms with low latency execution, real-time market data, powerful charting tools, and low intraday commissions. Prop number One, FTMO and Funded Trading Plus cater to day traders by offering MetaTrader4 and cTrader platforms, supporting fast execution times. Swing trading needs firms allowing overnight holding, lower margin requirements, and access to diverse markets. Prop number One, Blue Guardian and The 5ers suit swing traders by offering holding periods and access to forex, indices, and commodities.

Position trading benefits from firms with low overnight holding costs, access to fundamental data, and extensive research tools. Options trading needs firms offering a wide range of option contracts, advanced analytics, and robust risk management tools. Forex trading requires firms offering 24/5 market access, competitive spreads, and high leverage options. Multi-asset trading needs firms offering diverse markets and integrated platforms suitable for various trading strategies. FTMO, Prop number One and Fidelcrest support multi-asset traders effectively with their diverse instrument offerings. Traders should select prop firms aligning with their specific needs based on trading style, ensuring necessary tools, platforms, and conditions support their strategies effectively.

What criteria determine the best prop trading firms in Australia?

Safety and reliability determine the best prop trading firms in Australia. Top firms ensure traders meet profit targets without hidden rules. Prop number One exemplifies this as the best regulated prop trading firm for 2024, emphasizing rigorous risk management and legal compliance.

Fees and costs impact firm selection. Profit sharing models affect trader earnings significantly. Clear risk management rules enhance trading stability. Top firms implement reasonable daily and maximum loss limits. Reliable customer support resolves trader issues swiftly. Account scaling possibilities support trader growth. Regulatory compliance ensures safety. User ratings provide insights into firm reliability. Educational resources foster trader success. Evaluating firms using these criteria helps traders select options aligned with their needs, fostering profitable and secure trading experiences.

What are the best forex prop firms in Australia?

The best forex prop firms in Australia are: Prop number, FTMO and Funded Trading Plus. Prop number one offers a two-step evaluation process for forex traders. Traders can access accounts with a maximum balance of $250,000 upon successful completion. FTMO charges an initial evaluation fee of €155. FTMO provides an 80% profit share, increasing to 90% for traders qualifying for the Scaling Plan. FTMO supports trading on MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms. These forex prop firms in Australia provide transparent processes, attractive profit-sharing models, and comprehensive support for forex traders.

What are the best prop trading firms in Australia for beginners?

Prop number one, FTMO, Funded Trading Plus, SurgeTrader, and The Trading Pit offer the best opportunities for beginner prop traders in Australia. Prop number one provides transparent challenge rules and two-step testing for accounts up to $300,000. Traders receive 100% profit splits under European Financial Legislation guidelines.

Funded Trading Plus offers Forex accounts from $5,000 to $250,000, scalable to $2.5 million. Traders access MetaTrader 4 and 5 platforms with up to 80% profit sharing. SurgeTrader gives 90% profit share and $1 million maximum funding. The $200 minimum audition fee grants a $25,000 account for trading Forex, indices, commodities, and cryptocurrencies.

Key factors for selecting a prop firm as a beginner traders  include the following factors:

• Regulatory compliance and partnerships with regulated brokers ensure safety.
• User-friendly platforms like MetaTrader 4/5 or cTrader offer essential trading tools.
• Educational resources, webinars, and mentorship programs build skills and confidence.
• Strict risk management rules preserve capital and minimize losses.

Beginners should evaluate these criteria to find a prop firm aligned with their needs and goals.

What are the best prop trading firms in Australia for equity trading?

NP Financials and Prop number One ranks as a top prop trading firm for equity trading in Australia. They maintain strict regulatory compliance, and leverages advanced technology. NP Financials won the Best Regulated Prop Trading Firm award in 2023, highlighting its safety and reliability for traders. Funded Trading Plus also excels as a notable equity trading firm. It provides funding opportunities for diverse instruments, including equities, despite being known primarily for Forex trading. Funded Trading Plus offers up to $2.5 million in maximum funding and an 80% profit split, attracting equity traders.

What are the best prop trading firms in Australia with the highest profit sharing?

Prop number One, FTMO, and Topstep offer the highest profit sharing among prop trading firms in Australia. Prop number one tops the list with a 100% profit split and a maximum balance of $250,000. FTMO provides a 90% profit split and a maximum balance of $2,000,000. The firm requires successful completion of an evaluation process. Topstep offers a 90% profit split with a focus on futures trading. These firms offer attractive profit-sharing models, comprehensive offerings, and robust trading platforms for Australian traders.