This article breaks down the top prop trading firms you should know about right now. With so many prop trading firms out there, it's tough for traders to figure out which ones are the best for taking their trading game to the next level. So, this article is here to talk about why prop trading firms are good for traders and to give you a straightforward list of the best ones out there.
We've picked out 12 of the best prop trading firms and laid them out in an easy-to-understand way, pointing out what you should look at when choosing the right firm for you. Each one has its own cool features and chances for traders to show off their skills in different types of markets. Whether you're new to this whole prop trading thing or you've been at it for a while, you'll find some handy tips in this article to help you decide smarter.
NOTE: The updated version of this post can be found here: Best Prop Trading Firms
#1 – Funder Trading
Funder Trading, a proprietary trading firm based in the United States, provides funding and coaching for stock and options trading. Every registered trader benefits from their supportive resources. Their trader-focused approach places them at the forefront of the proprietary trading firm landscape.
Location:
United States
What Can You Trade:
Stocks & Options
Profit Share:
100% Up To $6,000 then 80/20
Highlights:
Exclusive Source for Options Funding: The only prop firm that allows both stocks AND options funding without the prerequisites of certifications or initial trading investment. A unique offering indeed.
Emphasis on Learning & Client Assistance: All enrolled members enjoy complimentary live coaching sessions and an educational curriculum tailored to help them ace the challenge. Funder boasts of its prompt, US-based customer service.
Best For Beginner Traders: Funder solely zeroes in on stocks & options, the two asset types most traders are acquainted with.
Summary:
Funder Trading captures the top spot in our proprietary trading firm review, credited to its trader-focused strategy. Those who've dabbled with different prop trading entities can vouch for their inherent complexity. Many prop trading firms often fall short in areas like customer assistance, intricacy, and educational resources. These constitute some of the recurrent issues with prop trading. Funder Trading’s platform is crafted keeping in mind the typical trader and is backed by an ensemble of seasoned traders.
What sets Funder Trading apart is its exclusivity in offering options funding without the need for certifications or an initial capital outlay. Given the surge in the trend of options trading recently, this stands out as a significant feature.
Funder Trading's approach towards its members is refreshingly distinctive. Each trader who registers is treated to both, funding opportunities and comprehensive coaching. The rationale? A bulk of traders require guidance and education to effectively navigate the challenge and secure funding. Recognizing this, Funder Trading generously offers live coaching sessions coupled with an extensive educational toolkit to every member.
If one had to pick the best choice in the prop trading realm to vouch for, Funder Trading would undoubtedly be our top choice.
Pros:
- Singular prop firm that allows options funding without any certification or initial investment requirements.
- Strong emphasis on education and client support to facilitate traders in their funding endeavors.
- Situated in the US, making it a safer choice in comparison to many other prop firms.
- Profit structure allows traders to retain the entirety of their earnings up to $6,000, followed by an 80/20 distribution.
Cons:
- Entry to Funder Trading is not guaranteed; potential traders must undergo an application process for selection.
#2 - Topstep
Topstep's got a big name in the prop trading world, but it lands at #2 on our list. That's because it mostly deals with forex and futures trading, and it also makes you pay extra if you want coaching.
Location:
United States
What Can You Trade:
Futures and Forex
Profit Share:
80/20
Highlights:
Full Check-Up
Topstep's check-up process is all about showing off your trading talent and how good you are at playing it safe with money. You've got to pass two big tests: the Trading Combine and then the Funded Account phase. They make sure only the best traders get to handle the real deal money.
Learning Stuff & Tips from Coaches
It's true that you've got to shell out a bit more cash for this, but Topstep's got tons of learning materials on their platform to level up your trading game. Plus, they've got coaches who'll give you advice that's tailored just for you.
Community
There's a cool group of traders at Topstep backing each other up on forums and social networks. It's a place to swap stories, tips, and get a helping hand from trader pals.
Summary:
Topstep grabs the #2 spot because it's serious about making sure traders are up to scratch before they get to trade with the company's money – and you don't have to risk any of your own cash to start. You have to be sharp to get through their two-test challenge, but it's a fair shake to get to the funded stage.
Sure, you might have to pay more for the extras, but one of the best things about Topstep is that they're big on learning and getting advice from coaches. You get loads of resources to get better at trading, and the coaches are there to help you figure out the best trading moves and how to keep your risks low.
Pros:
- Offers a fair and comprehensive assessment to prove your trading skills and access a funded account
- A strong focus on education and performance coaching to help traders improve their skills
- Supportive community of traders to share experiences and strategies
Cons:
- Only trading in Futures and Forex trading available, limiting options for traders interested in other asset classes
- The qualifying can be challenging and may not be suitable for complete beginners
- Coaching is an additional charge, unlike Funder Trading where it is included
#3 - SurgeTrader
SurgeTrader, a relatively fresh entrant in the prop trading arena, provides distinctive offerings. Nevertheless, it occupies the #3 position in our rankings due to its pronounced emphasis on Forex trading. While it is regarded by some as a leading Forex prop trading firm, the aggregate of its reviews does not quite match the level of acclaim anticipated.
Location
SurgeTrader is located in the United States.
What Can You Trade
SurgeTrader mainly focuses on Forex and commodities trading.
Profit Share
The initial profit share offered by SurgeTrader is 75/25.
Highlights
One-Stage "Audition"
Contrary to several prop trading firms with multi-tiered evaluation processes, SurgeTrader utilizes a single-stage "audition" approach, streamlining the path to obtain funding. This is particularly advantageous for traders who favor a more direct and uncomplicated vetting procedure for funded account opportunities.
Broad Asset Coverage
SurgeTrader accommodates a diverse array of trading platforms, not just individual stocks. They open the door to trading across different markets and styles, such as trading based on news, using algorithms, and hedging strategies, along with other prop trading perks.
Flexible Trading Strategies
Traders at SurgeTrader have the freedom to employ any tactics they believe will lead to success, without being bound by a minimum number of trading days. This level of flexibility is a substantial benefit for traders of different styles and those with particular risk management tactics.
Summary
SurgeTrader offers a streamlined process for traders to get financial backing, setting its platform apart with permissive policies and extensive access to trading instruments. Its one-step audition process and adaptable trading regulations are popular within the trading community, creating an accommodating space for both fundamental and sophisticated trading techniques. Additionally, the platform's profit-sharing arrangement, which can reach up to 90%, is a compelling incentive that attracts traders to SurgeTrader.
Pros
- Simplified evaluation with a one-stage audition
- Wide asset coverage providing diverse trading opportunities
- Flexibility in trading methods with no minimum trading days requirement
Cons
- Lack of clarity on the exact range of tradable assets
- No futures or options trading available
- High commission cost
- 75% default profit payout, with up to 90% requiring an additional fee
- No refunds offered
In summary, SurgeTrader presents an innovative take on prop trading with its straightforward one-step audition and adaptable trading strategies. Although it might not be the top pick for those interested in trading futures or options, it facilitates an environment that supports both elementary and complex trading techniques.
#4 - FTMO
FTMO, based in Prague, Czech Republic, is a Forex-focused prop firm. It provides financing for traders who successfully navigate its demanding evaluation process, consisting of the FTMO Challenge and a Verification phase. The firm has a global outlook and garners high ratings, particularly from traders based outside the US.
Location
FTMO is based in Prague, Czech Republic.
What Can You Trade
FTMO traders can trade Forex, Commodities, Indices, and Cryptocurrencies.
Profit Share
The profit share for FTMO starts at 80/20.
Highlights
FTMO's assessment process is thorough and equitable, guaranteeing that only traders with the right skills get to trade with its funded accounts. The company fosters a nurturing environment for trading, complete with extensive learning materials, trading instruments, and a network of fellow traders. For those who consistently perform well, there's the chance to handle more capital, which naturally raises the possibility of higher profits.
Summary
FTMO stands out as a prop trading firm with an excellent reputation, dedicated to developing talented traders. Its evaluation procedure is demanding yet just, allowing only the most meritorious traders access to its financial resources. The firm's dedication to creating a supportive and profitable trading environment is reflected in its recognition as an award-winning prop trading establishment.
Pros
- Meticulous evaluation system to ensure only skilled traders gain access to funded accounts.
- Supportive trading environment with ample educational resources and community engagement.
- Opportunity to scale and manage more capital with consistent success.
Cons
- The qualifying process can be challenging and not suitable for traders who are unwilling to adhere to the firm's trading rules.
- Limited to Forex, Commodities, Indices, and Cryptocurrencies, which might not appeal to traders interested in other asset classes such as stocks and derivatives.
- The fee range for the trading challenges may be a barrier for some traders, especially beginners.
- Not a US-based company.
In essence, FTMO provides a solid evaluation framework and a nurturing environment for adept traders. While its concentration on Forex and commodities might not suit every trader's interests, those drawn to these markets will find FTMO to be a prop trading firm of high repute and worthy of consideration.
#5 – Funded Next
Funded Next is a reputable prop trading firm that specializes in forex trading, having launched in March 2022. It offers a generous profit-sharing model, personalized service, and a strong community, making it an attractive platform for both novice and seasoned forex traders.
Main Office
Funded Next has its main offices in UAE, USA, UK, and Bangladesh.
What Can You Trade
Funded Next focuses exclusively on forex trading.
Profit Share
Funded Next offers a profit-sharing model that starts at 75/15.
Highlights
Vast Capital Access – Funded Next offers traders the opportunity to access up to $4 million in capital, starting with amounts up to $200,000 and scaling up upon demonstrating trading proficiency and meeting targets.
Diverse Funding Models – With four distinct funding models, including Two-step Stellar, One-step Stellar, Evaluation, and Express, traders have multiple pathways to accessing funded accounts. This flexibility allows traders to choose a model that aligns with their trading abilities and goals.
Strong Community and Educational Resources – Funded Next fosters a vibrant community on Discord, where traders can exchange ideas and learn from each other. Additionally, the firm provides educational resources, news updates, podcasts, and more, creating a conducive environment for learning and growth.
Pros
- Access to substantial capital, scaling up to $4 million.
- Diverse funding models providing multiple pathways to funded accounts.
- Strong community and educational resources for continuous learning and interaction.
Cons
- Limited to forex trading, which might not appeal to traders interested in other asset classes.
- The firm is relatively new, which might concern some traders looking for long-established prop firms.
- Only provides integration with MetaTrader, which may be a limitation for traders accustomed to other trading platforms.
- Not a US based company.
On the whole, Funded Next stands out as an appealing option for forex prop traders globally, providing ample funding opportunities, a variety of funding models, and robust community support alongside educational materials. Nonetheless, traders with an eye for different asset classes or those who favor more established prop trading firms might look elsewhere.
#6 - Apex Trader Funding
Apex Trader Funding, based in the United States, appeals mainly to beginner futures traders, offering a selection of funded trading programs tailored to various trading approaches and preferences. With a profit-sharing model that allocates 80% to the trader and 20% to the firm, Apex Trader Funding lays out a clear route to active trading accounts via an organized evaluation pathway.
Apex Trader Funding distinguishes itself with an extensive educational platform dedicated to cultivating emerging traders. They provide a wealth of resources and foster a community aimed at enhancing traders' proficiency and insight. Moreover, Apex Trader Funding presents a spectrum of funded trading programs, addressing different trading styles and inclinations.
Predominantly concentrating on futures trading, Apex Trader Funding offers diverse evaluation routes that facilitate traders’ transition to live trading accounts. Their offerings stand out for individuals eager to delve into futures trading.
It is important for potential traders to note that the evaluation process at Apex Trader Funding may present a rigorous challenge and is primarily suited to those interested in futures rather than other asset classes.
In summary, Apex Trader Funding emerges as a significant entity within the prop trading landscape, delivering an accessible platform for real trading. Their strong focus on educational support and an array of trading programs renders them an attractive option, especially for beginners in futures trading
#7 - Top Tier Trader
Top Tier Trader is a prop trading firm that extends funded trading prospects to traders across various experience levels. They've established an educational path designed to equip traders with essential knowledge and proficiency required for success in the trading arena. In addition, they furnish continuous support to assist traders in understanding the intricacies of the market and in honing their trading tactics.
Top Tier Trader, based in the United States, presents traders with the chance to trade a diverse array of assets, and with a 75/25 profit share ratio, traders get to keep a substantial part of their profits.
The firm stands out for its funded trading opportunities. It offers capital to both novices and seasoned traders, which means traders can engage in real-market trading without the risk to their own funds. This is an excellent way for traders to build experience and enhance their trading methods.
Educational support is another pillar of Top Tier Trader. They provide a suite of learning materials, such as courses, webinars, and mentoring, aiming to bolster traders’ knowledge and skills. This comprehensive education ensures traders are well-prepared to thrive in the competitive trading landscape.
Moreover, Top Tier Trader is committed to ongoing support, giving traders access to seasoned mentors who can provide insights and advice on trading strategies, fostering continual improvement and the development of robust trading practices.
While Top Tier Trader offers versatility and a valuable platform for traders to grow, it's important to note that its profit share ratio may not be the most competitive, and the range of tradable assets might not be as expansive as those offered by larger firms.
In conclusion, Top Tier Trader is an advantageous option for traders intent on advancing their trading careers. The combination of funded trading opportunities, solid educational resources, and dedicated support positions traders to navigate the market effectively and refine their trading strategies.
#8 - Trade the Pool
Trade the Pool, a US-based prop trading firm, is dedicated to equities trading. With a variety of trading strategies available, the firm aims to provide a tailored platform for traders to discover and implement the methods that resonate with their trading philosophies. The environment at Trade the Pool is constructed to support traders in their journey to master equities trading, offering a space for skill enhancement and strategic development.
Trade the Pool distinguishes itself with a focus on equities, offering traders a spectrum of strategies and styles suited to varied preferences in stock trading. The firm operates on an 80/20 profit share ratio, rewarding successful trades with a significant earnings portion.
The firm's dedicated approach to equities and a broad array of trading strategies position it as an attractive option for traders aiming to thrive in stock markets. However, its niche focus may not satisfy those looking to diversify across different asset classes.
While Trade the Pool provides coaching, it does not feature an extensive educational program like some other proprietary trading firms, which could be a drawback for those seeking structured learning.
In summary, Trade the Pool stands out for stock trading enthusiasts due to its specialized focus on equities and a diverse selection of trading strategies. Traders seeking to explore beyond stocks might find it less aligned with their goals.
#9 – The 5ers
The 5ers, an Israeli-based proprietary trading firm, is notable for its innovative funding model suited for Forex, indices, and metals traders. It offers a tailored funding solution that supports both novice and seasoned traders, providing capital and resources necessary for a wide spectrum of trading strategies.
The 5ers is recognized for its profit-sharing model, which equally splits earnings, providing traders with Forex, indices, and metals opportunities. This proprietary trading firm from Israel extends essential capital to traders, appealing particularly to those embarking on their trading careers.
While the profit-sharing may seem less competitive relative to other firms, The 5ers' commitment to Forex, indices, and metals trading offers a specialized scope. This focus, however, might not align with traders seeking variety in other markets.
In essence, The 5ers has built a reputation on its unique funding approach and specialized market options in Forex, indices, and metals, positioning it as a desirable platform for traders with interests in these areas.
#10 – FXIFY
FXIFY, stationed in the UK, caters to adept traders with competitive profit splits peaking at 90%, amplifying traders' profit possibilities. The firm opens doors to a multitude of trading scenarios across various financial markets, tailored to optimize the adept trader's potential.
FXIFY, based in the UK, targets seasoned traders with a starting profit share ratio of 70/30. The firm presents an extensive spectrum of trading prospects across a variety of financial markets, appealing to experienced traders who desire a supportive platform to refine their strategies and maximize profit. While FXIFY shines with competitive profit splits, it may fall short for novices due to the absence of structured educational support, and its profit share ratio might not seem as advantageous when compared to some other prop firms. Nevertheless, FXIFY stands out for experienced traders aiming to capitalize on their trading acumen and amplify their earnings through a range of financial market opportunities.
#11 - OneUp Trader
OneUp Trader, situated in the US, specializes in futures trading and provides a platform for traders to handle a funded account without the need to invest personal funds. The firm's profit-sharing arrangement awards traders with 80% of the profits, with OneUp Trader claiming the remaining 20%. This significant majority share of profits for traders underscores the firm's commitment to rewarding successful trading strategies and performances. This structure is designed to attract traders who are confident in their ability to generate profits and are seeking a supportive environment that aligns with their financial interests.
OneUp Trader is recognized in the prop trading industry for its uncomplicated evaluation process, which allows traders to demonstrate their prowess and advance to managing a funded account. The firm boasts a collaborative trading community, fostering an environment where traders can exchange insights, learn collaboratively, and enhance their trading approaches. A variety of trading scenarios are provided, accommodating a range of trading styles and preferences.
While there are significant advantages to OneUp Trader, such as the ease of their evaluation process and a nurturing community for traders, there are also downsides. The firm's primary focus on futures trading might not align with traders interested in a broader spectrum of asset classes. Moreover, while the evaluation path is clear-cut, it may present hurdles for those new to trading.
In conclusion, OneUp Trader stands out in the prop trading field for its direct approach to evaluation and strong community support, positioning it as an appealing choice for traders aiming to refine their trading capabilities and capitalize on market opportunities.
#12 – FX2 Funding
FX2 Funding in the U.S. specializes in Forex trading, providing capital to undercapitalized traders. With an 80/20 profit share ratio, traders keep most of their profits. This firm is ideal for those looking to maximize their Forex trading potential while minimizing personal financial risks. However, its exclusive focus on Forex may not suit traders interested in other markets. Overall, FX2 Funding is a strong choice for Forex traders seeking funding and favorable profit terms.
FX2 Funding distinguishes itself with competitive profit splits, allowing traders to retain a substantial share of their profits. The firm's streamlined evaluation process is designed for efficiency, enabling a quick transition to live trading accounts. This can be particularly enticing for traders eager for rapid entry into the market with live funds.
While FX2 Funding’s sole focus on Forex trading may limit options for those interested in a wider array of financial instruments, the firm’s approach caters well to Forex specialists. The potential drawback for some may be the firm’s less comprehensive educational offerings when compared to other proprietary trading firms.
In essence, FX2 Funding stands out as a prop trading firm that equips undercapitalized Forex traders with the essential funds to succeed. The combination of favorable profit splits and an expedited evaluation process provides traders with a swift pathway to managing live accounts and enjoying considerable earnings from their trades.
Conclusion
Summarizing the proprietary trading landscape, distinct firms excel in various niches, catering to diverse trader profiles. Funder Trading emerges as a standout, offering comprehensive services in stocks and futures, making it an ideal platform for beginners seeking a broad market experience. Internationally, FTMO captures the spotlight for traders outside the United States, offering access to global markets. For those with a specific interest in futures, Topstep positions itself as the preferred destination, specializing in the futures market with tailored support and resources. Each firm has tailored its offerings to meet the unique needs and skill levels of different traders, from novice to experienced.