Proprietary trading involves firms investing their capital in various financial instruments like stocks and bonds. It's high-risk with significant profit potential. Choosing a proprietary trading firm can be challenging, especially for beginners. We've compiled a list of top firms, highlighting their key features and providing website links for ease.
Based on our research, here’s our list of the Best Prop Trading Firms
2) Fidelcrest
4) OneUp Trader
5) FTMO
7) FTUK
Funded Trading Plus, located in London, United Kingdom, stands out in the world of proprietary trading firms. It provides unique funding options, including one-stage and instant funding, as well as a traditional two-stage model, starting with a $12,500 balance. The firm offers up to 90% profit-sharing and 1:30 leverage, along with a refundable registration fee. Their distinctive approach and integrated Discord Bot support make them a preferred choice for traders globally.
Features:
- Comprehensive Trading Strategies Accepted: Embraces a wide range of trading techniques, including the use of Expert Advisors (EAs) and algorithmic approaches.
- Unmatched Account Growth Opportunity: Offers an unparalleled scaling plan in the trading sector, allowing account size to expand by double with every 10% gain, executed promptly.
- Freedom from Time Constraints: A trailblazer in removing time limitations, Funded Trading Plus ensures traders face no time-related pressures or restrictions.
- Prompt Financial Returns: Guarantees no delays in processing trader payouts.
Pros:
- Industry-Leading Growth Mechanism: Recognized for its superior scaling strategy, enabling remarkable account advancement.
- Unrestricted Trading Duration: Eliminates all time barriers, offering a more flexible trading environment.
- Consistent and Immediate Payouts: Features weekly payouts starting from the very first day, ensuring timely financial rewards.
Cons:
- Conditional Drawdown Adjustment: The daily drawdown limit is subject to modification only after achieving a 10% profit milestone.
2) Fidelcrest
Fidelcrest, based in Nicosia, Cyprus, is a renowned prop trading firm known for its diverse account sizes catering to traders of varying expertise. Starting with a $50,000 balance, it offers a unique blend of opportunities, including a refundable registration fee and profit-sharing up to 90%, thus empowering traders globally.
Features:
- Immediate payment of 40% of Phase 2 earnings upon successful completion.
- Achievable 5% profit target for MicroFX accounts.
- Opportunity to manage funded accounts with values up to $1,000,000.
- Accessible entry-level funding options for emerging traders.
- Generous leverage of 1:100 on trading.
- Permission to engage in news trading activities.
Pros:
- Flexibility to employ both Normal and Aggressive trading approaches.
- Consistent leverage of 1:100 available across all account types.
Cons:
- Restriction to only Aggressive Models for carrying trades over weekends.
TopStepTrader, based in Chicago, offers day traders simulated accounts with an initial balance of $200,000 in buying power for a $125 monthly fee. Founded in 2012, it stands out as a top prop trading firm without requiring capital contributions. Traders who pass the evaluation gain access to a trading account for forex market operations with the firm's capital. The firm provides up to 1:100 leverage, sets a profit target of $3,000, and allows for up to 50% profit-sharing, but does not refund registration fees.
Features:
- Access to a trading limit reaching $500,000.
- Affordable subscription model with minimal monthly costs.
- Well-established and highly regarded in the trading community.
- Streamlined and straightforward operational guidelines.
- Flexibility in trading during news events, with the option to hold positions overnight and through weekends.
- An introductory offer of a 14-day trial period without risk.
Pros:
- Tailored coaching options, including one-on-one sessions, group learning, or a combination of both for enhanced learning experiences.
- Customized analytics and strategic advice to boost trading skills and performance.
- A focus on analytical self-awareness, offering insights into personal trading patterns and fostering growth.
Cons:
- The platform does not include bonus incentives, automated trading systems, or avenues for passive income generation.
4) OneUp Trader
OneUp Trader, based in Delaware, provides a unique 1-Step Evaluation for traders, offering initial balances ranging from $25,000 to $250,000. This Forex trading proprietary firm distinguishes itself with no data or hidden fees. Successful candidates who meet attainable targets can enjoy a generous 90% profit-sharing, although they don't offer a refundable registration fee.
Features:
- Straightforward single-step evaluation process with transparent and achievable goals.
- Availability of a trial period at no cost.
- Round-the-clock, dependable customer support is accessible through phone, live chat, and email.
- Absence of recurring charges, subscription fees, or any undisclosed expenses.
- A minimum requirement of 15 trading days to qualify for collaboration with our funding associates.
- Easy and convenient process for profit withdrawals.
Pros:
- No charges for data or concealed fees.
- Continuous customer assistance is available through various channels, including phone, live chat, and email.
- Unlimited and complimentary profit withdrawals starting from the first day.
- Absence of any limitations on daily financial drawdown.
Cons:
- Mandatory implementation of a stop-loss order on each trading activity.
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5) FTMO
FTMO, established in 2014 in the Czech Republic, excels as a unique prop trading firm, blending elements of a broker, a trading academy, and a competitive arena for traders. Offering a variety of instruments, including forex, with leverage of 1:100, it features a dual-phase evaluation involving the FTMO Challenge and Verification. Traders can start with a 25k balance for $250 or a 50k balance for $345, aiming for a $1,000 profit target. Notably, the registration fee is refundable, and successful traders enjoy up to 90% profit sharing.
Features:
- Access to trading accounts valued at up to $200,000.
- A structured two-phase evaluation process.
- Opportunity for a complimentary re-test, subject to maintaining a positive account balance.
- Compatibility with Expert Advisors (EAs), hedging strategies, and discretionary trading.
- Flexibility to engage in trading during news events and to maintain overnight positions.
- Availability of Swap-Free Account options.
Pros:
- The FTMO challenge and verification process allows traders to keep their positions open, adding flexibility.
- Traders have the freedom to employ their unique trading strategies without any imposed limitations or constraints.
- Permission is granted for engaging in trades during significant news events and maintaining positions overnight, offering strategic advantages.
Cons:
- Successfully completing the FTMO challenge within a strict timeframe of 10 trading days can be challenging and demands a high level of skill and strategy.
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LuxTradingFirm, situated in London, UK, and Bratislava, SK, stands as a prominent proprietary trading firm. Catering mainly to seasoned prop traders, it provides substantial funding up to $150,000, scaling up to $2,500,000. With a leverage of 1:30 and a profit-sharing model offering up to 65%, it sets a profit target of 6%. Traders have access to real capital and can utilize platforms like TraderEvolution, TradingView, and MetaTrader4, enhancing their expertise in commodities, crypto, forex, indices, and stocks.
Features:
- Flexible trading strategies with clear, easy-to-follow plans.
- Utilize our advanced MT4 Indicator for robust decision support.
- Benefit from the wisdom of seasoned traders boasting over five decades of market experience.
- Stay updated with the latest market trends through daily live-streamed updates and analyses.
- Engage in constructive discussions about your trading strategies and receive tailored advice.
- Join an active and supportive trading community in our dedicated chat room.
Pros:
- Elite members enjoy a specialized dashboard featuring daily live streams and access to an exclusive trading room.
- Credibility is enhanced by a KPMG-verified performance history, opening opportunities to trade for major banks and investment firms.
- Enjoy the freedom of no time constraints at any program stage.
Cons:
- A significant fee is imposed on traders who do not successfully complete the evaluation phase.
7) FTUK
FTUK stands as a premier trading firm dedicated to propelling traders toward success through its innovative funding solutions. This platform uniquely combines instant funding with comprehensive evaluation programs designed to foster rapid and significant growth. As traders progress, achieving key milestones triggers a remarkable doubling of their funding, providing an unmatched incentive for advancement. Beyond financial support, FTUK enhances traders' skills with expert advice and specialized training courses, thereby amplifying their success potential. Joining the FTUK community is straightforward, requiring just a one-time signup fee to embark on a journey of unparalleled trading empowerment.
Features:
- Access to experienced mentors and coaches for trading guidance.
- Round-the-clock trade support via email.
- Opportunity to escalate your trading account up to $2,880,000 for outstanding performers.
- Supports a variety of trading strategies including scalping, day trading, swing trading, and news trading.
- Offers leverage options ranging from 1:50 in the low-risk program to 1:100 in the aggressive program.
- Industry-leading rapid scaling program available.
- Withdrawal options are available from level 2 onwards.
Pros:
- Provides an instant funding option to jumpstart your trading journey.
- The absence of commission or swap fees enhances profitability.
- Flexibility to hold positions over weekends and overnight.
- Utilizes an automated monitoring system for all funded trading accounts and transactions.
Cons:
- Mandates starting with a demo account to gauge skill and strategy efficacy.
Pricing:
- Begin trading with a one-time fee of $149 to unlock immediate access to the platform and its features.
