Options Prop Trading Firm Reviews & Ratings: Where Should You Invest? (2024)

Options prop trading involves buying and selling options contracts to generate profits, typically within a firm that provides the capital to trade. These proprietary trading firms take on traders, often called “prop traders,” who engage in trading activities on behalf of the firm. But with various firms, how do you know the best fit for you?

This is where the importance of options prop trading firm reviews & ratings comes into play. The article delves into the ratings, reviews, and overall reputation of some of the best options prop trading firms.

Maverick Trading

Maverick Trading is a well-known proprietary company specializing in options and equities. Founded in 1997, the firm has a reputation for offering its traders a robust training program, risk management tools, and extensive support. With its focus on fostering trading talent, Maverick Trading provides the necessary capital. It takes a share of the profits while absorbing most of the losses. It’s an arrangement that incentivizes success and mitigates risk for individual traders.

Based on user reviews, Maverick Trading has a solid rating of 4.5 out of 5 stars from 78 reviews, making it one of the more reputable firms in this space. One review that stands out is from a user who applauded the firm’s comprehensive educational resources and mentorship program. According to this user, Maverick Trading’s approach helped them understand market dynamics more effectively. It made them feel supported throughout their trading journey.

Through its blend of education, capital provision, and risk management, Maverick Trading offers a compelling package for those interested in options prop trading.
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SMB Capital

SMB Capital is a proprietary trading firm in New York City, specializing mainly in equities and options trading. Founded by two professional traders, the firm aims to cultivate new talent by offering various educational courses, coaching, and capital backing. SMB Capital is known for its commitment to training. It offers a Trader Development Program that covers everything from market basics to complex strategies.

Regarding user reviews, SMB Capital enjoys a rating of 4.6 out of 5 stars based on 42 reviews. One review from a user named Lydia lauds the firm’s educational approach. It highlights the quality and depth of the training materials. She was especially “impressed” with the real-time coaching offered by seasoned traders, which provided immediate, actionable feedback.

SMB Capital’s focus on trader education and its high-quality training programs make it a standout choice for individuals interested in honing their skills in options prop trading.

TopStepTrader

TopStepTrader is a Chicago-based prop trading firm that offers aspiring traders forex and futures trading opportunities. One of the unique aspects of TopStepTrader is its “Trading Combine,” a simulated trading evaluation that traders must pass to earn a funded trading account. The firm aims to reduce the financial risk for new traders by providing them with the firm’s capital to trade.

The company boasts a 4.5 out of 5-star rating based on more than 1900 user reviews. A highlighted review emphasizes the ease of getting started with TopStepTrader. The reviewer notes that the Trading Combine was an excellent way to gauge their skills and earn a funded account without risking personal funds. They also praised the firm for its financial flexibility, allowing them to trade multiple products.

Overall, TopStepTrader is a strong choice for those new to trading or looking for a financially flexible way to break into prop trading.
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SurgeTrader

SurgeTrader is a relatively new entrant in the options prop trading sector. However, it has quickly gained a reputation for its state-of-the-art trading platform and account flexibility. One of SurgeTrader’s standout features is its real-time risk management system that allows traders to monitor their risk levels seamlessly. This is in addition to an array of educational resources catering to novice and experienced traders.

SurgeTrader has earned a commendable 4.3 out of 5 stars from more than 800 reviews. A noteworthy review highlights the firm’s account flexibility. It mentions how easy it is to customize trading parameters and switch between different trading strategies on the platform. The reviewer also emphasized the intuitive nature of the SurgeTrader platform, making the overall trading experience smoother.

In summary, SurgeTrader is a worthy consideration for traders looking for advanced trading tools and a flexible account structure.
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FTMO

FTMO is a well-established options prop trading firm that prides itself on its comprehensive trader development programs. The firm offers various services, including trading capital to traders, proprietary trading indicators, and an extensive educational section with video tutorials, webinars, and real-time challenges to test your trading skills.

Regarding reviews, FTMO has a rating of 4.7 out of 5 stars based on almost 6000 reviews. This makes it one of the most highly-regarded firms in the industry. One review stands out for praising the firm’s focus on education and training. The reviewer specifically appreciated the quality of the webinars and real-time trading challenges that FTMO provides. They note that these educational resources had significantly improved their trading capabilities and market understanding.

In a nutshell, FTMO offers an all-rounded trading environment that strongly emphasizes trader education. This quality is substantiated by its high user ratings and reviews.
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OneUp Trader

OneUp Trader is a prop trading firm known for its robust mentorship programs and trading tools assisting novice and experienced traders. Offering a simplified evaluation process, OneUp Trader empowers its members with the tools they need to succeed.

As for its standing among users, the firm boasts a favorable rating of 4.5 out of 5 stars. Among the many positive reviews, one highlights explicitly the firm’s exceptional mentorship and customer service. The reviewer points out that the mentorship program is highly personalized. It offers real-time feedback and strategies that have helped refine their trading skills. Moreover, the customer service is fast and attentive. This further enhances the overall experience at OneUp Trader.

In summary, OneUp Trader earns its stripes and solid reviews through its effective mentorship programs and exemplary customer service.
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Fidelcrest

Fidelcrest is a prop trading firm that offers a variety of services aimed at helping traders of all levels achieve financial independence. The firm provides traders with funded accounts and challenges them to prove their trading skills before scaling up. Fidelcrest’s key offerings include an initial trading evaluation, multiple asset classes to trade in, and a strong focus on trader education and development.

The firm enjoys a solid reputation with a rating of 4.6 out of 5 stars based on 1159 user reviews. A review by Kaushik emphasizes Fidelcrest’s quick customer service and easy understanding of their trading challenges. He lauds the firm’s customer service for resolving issues swiftly, thereby minimizing trading disruptions. Additionally, the well-structured trading challenges were highlighted for their clarity and feasibility, helping traders easily grasp the rules.

Overall, Fidelcrest wins favor for its responsive customer service and straightforward trading challenges.
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City Traders Imperium (CTI)

City Traders Imperium, commonly known as CTI, is a prop trading firm offering comprehensive services to develop traders into professionals. One of their standout features is their educational courses catering to novice and experienced traders. CTI also offers a flexible funded program to help traders reach their financial goals while trading in the live markets.

Based on reviews, CTI boasts an impressive 4.8 out of 5-star rating. Users consistently praise the firm for its educational resources and support system. One review highlights the courses offered by CTI, stating that they provided genuine help and were pivotal in achieving their trading goals. The reviewer also praised the support they received from the CTI staff. They mention it as a significant factor in their positive experience with the firm.

City Traders Imperium receives high marks for its educational courses and flexible funded programs. This makes it a well-regarded option in prop trading firms.
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Earn2Trade

Earn2Trade is a prop trading firm that strongly emphasizes educational content. Beyond providing a trading platform and funding opportunities, Earn2Trade offers comprehensive educational resources, live webinars, and a supportive customer service team aimed at developing traders. Their approach especially benefits those new to trading, offering various tools to enhance knowledge and confidence.

In terms of user feedback, Earn2Trade has a solid 4.7-star rating. Reviews frequently mention the firm’s dedication to quality education and customer support. One review highlighted the comprehensive educational materials and live webinars provided by Earn2Trade. It states that these resources were instrumental in their trading journey. The reviewer also noted the swift and effective customer service. This adds another layer of support for traders utilizing Earn2Trade’s platform.

Earn2Trade’s commitment to education and high-quality customer service makes it a strong contender in the prop trading space.
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Conclusion

Navigating the landscape of options prop trading firms is daunting, especially for those new to trading. However, Options Prop Trading Firm reviews & ratings offer invaluable insights into what each firm brings.

Aspiring traders must look for firms that align with their trading goals and offer the educational and technological resources to support them. Other key aspects are customer service responsiveness, ease of use, and clear, reasonable trading rules.

In summary, the right prop trading firm can significantly impact a trader’s journey from novice to expert. By carefully evaluating reviews and ratings, traders can make a more informed decision and choose a firm that best suits their needs.