11 BEST Prop Trading Firms (2023 Update)
Matthew Martin
Proprietary Trading is a trading activity when a firm or an institute invests its Capital into stocks, bonds, commodities, and other financial instruments. The risk factor in proprietary Trading is high, and so is the profit-making opportunity. Selecting a Proprietary Trading Firm is never easy, especially if you are a beginner and want to get the most for your investments. To help you out, we have created a list of some of the best proprietary trading providers. It will make your task easy while searching online for the best proprietary firm.
Following is a handpicked list of Top Proprietary trading firms with their popular features and website links. Read more…
Top Proprietary Trading Firms
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#1 Best Overall
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| Name | FX2 Funding | The Trading Pit | Fidelcrest | Surgetrader |
| Initial Balance: | $10,000 up to $1 million | €10,000 up to €5 Million | $50,000 | $25,000 upto $1 million |
| Tradable Assets: | Forex, Commodities, Indices, Crypto | Real Futures & Forex CFDs, including CFD Commodities, Indices, Crypto & Stocks | Forex, Indices, Metals, Commodities, Stocks and more | Forex, Indices, Metals and Cryptocurrencies. |
| Profit Split: | Up to 85% | Up to 80% | Up to 90% | Up to 75% |
| Link | Learn More | Learn More | Learn More | Learn More |
1) FX2 Funding
FX2 Funding is the prop fund that places TRADERS FIRST. Based in the United States, they offer traders the simplest, most straightforward evaluation in the market. Every decision made in the company is designed to align with traders’ interests.
- Location: USA
- What they do: You can trade Forex, Commodities, Indices, Crypto
- Initial Balance: $10,000 - $1,000,000
- Refundable Registration Fee: Yes
- Profit-sharing: Up to 85%
- Leverage: 10:1
- Profit Target: $1000 to $20,000
Features:
- 1-stage evaluation with No time limit evaluation
- No stop-loss requirements
- Weekend positions allowed
- High-profit split
- Proven track record of profitable traders
- 24/7 support
- Access to proprietary trading software
- Flexible withdrawal options
- Access to a global trading community
- Safe and secure account management
- Founding Year: 2022
- Refundable Registration Fee: Yes
- Initial Balance: $10,000 – $1,000,000
- Swap-Free Accounts: Do not offer.
- Time Pressure: No time limits (minimum or maximum)
- Leverage: 10:1
Pros
Cons
Profit-sharing Up to 85%
2) The Trading Pit (TTP)
The Trading Pit (TTP) is an esteemed, award-winning prop trading firm based in Liechtenstein. Since its rise on the scene in early 2022, TTP has skyrocketed to the top, reshaping the trading landscape. TTP offers successful traders the opportunity to become Partners of The Trading Pit, earning up to 80% of generated profits and scaling their ventures up to €5M. Using advanced platforms, traders can explore a wide range of asset classes, including Futures, CFDs, and cryptocurrencies. The company operates under strict regulatory guidelines, ensuring transparency, security, and compliance.
- Location: HQ in Lichtenstein and offices in Cyprus and Spain.
- Founded: 2022
- What They Do: You can trade Real Futures and All CFDs, including Forex, cryptocurrencies, commodities, and indices.
- Initial Balance: €10,000 up to €5 Million
- Refundable Registration Fee: Yes
- Leverage: 1:30 for CFDs
- Profit-sharing: Up to 80%
Features:
- Minimum Trading Days: 3
- News trading, HFT, Tick scalping and Copy-Trading allowed on Futures.
- Up to 80% profit share
- Scaling Plan up to €5,000,000
- Multiple Payment Methods Available
- No Mandatory Stop Loss
- Forex Overnight and Weekend Holding Allowed
- Algo Trading Allowed
- Up to 90 Calendar Days to Pass the Challenges
- Free Market Data
- Trading Platforms: MT4, MT5, ATAS, QUANTOWER, R/TRADER, BOOKMAP
- Choose your broker: FXFlat, GBE Brokers
- Multiple programs to fit various levels of expertise.
- Fast payout with flexible options
- Straightforward One-Step evaluation with simple rules
- Offers cheap funding options for newer traders starting from €99.
- Offers fast and responsive support to help with any issue or concern.
Pros
Cons
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3) Fidelcrest
Best for crypto experts
Fidelcrest is a globally operating prop trading firm with headquarters in Nicosia, Cyprus. It is one of the best prop firms for forex trading. It gives skilled traders the ability to meet specific requirements after accessing accounts with real funds, thus making a difference in their living.
- Location: Nicosia, Cyprus
- What they do: This prop trading firm offers a wide range of account size options designed to suit all types of traders with various levels of expertise and needs.
- Initial Balance: $50,000
- Refundable Registration Fee: Yes
- Profit-sharing: Up to 90%
Features:
- 40% of Phase 2 Profit payed instantly as passed
- 5% profit target on MicroFX accounts
- Allows Trading funded accounts up to $1,000,000
- Up to 90% profit split.
- Offers low funding options for newer traders.
- 1:100 Leverage.
- News trading allowed.
- Allows you to hold positions overnight and on weekends (Aggressive account only).
- Instant and automatic account opening
- Founded: 2018
- What they do: This prop trading firm offers a wide range of account size options designed to suit all types of traders with various levels of expertise and needs.
- Time Pressure: Minimum 10 active days per period
- Swap-Free Accounts: Yes
Pros
Cons
Profit-sharing Up to 90%
4) Surgetrader
Best overall
Surgetrader is an exclusive platform that offers users trading insights and tools. It is one of the best prop trading firms that provides clients with an easy-to-use interface that is customized to their needs. It was founded in 2021, and it allows you to trade more than just typical financial instruments. They have no restrictions in their style of Trading and supports all kinds of strategies.
- Location: Florida
- What they do: You can trade Forex, Indices, Metals and Cryptocurrencies.
- Initial Balance: $25,000 upto $1 million
- Refundable Registration Fee: No
- Profit-sharing: 75%
- Leverage: 20:1
- Profit Target: $2500
Features:
- It allows you to keep 75% of your profits with our Capital.
- You can withdraw your profits with a few clicks.
- News trading is allowed.
- No minimal trading days
- Quick processing of profits into your account.
- Offers responsive support to help with any issue or concern.
- You can have a maximum Loss of 5%
- It has an audition fee of $250.
Pros
Cons
Profit-sharing 75%
5) TopStepTrader
Best for Forex & Futures traders
TopStepTrader is a financial technology firm for day traders to operate in real-time simulated accounts and assess their profit/loss performance. It was founded in 2012 and is now one of the best prop trading firms with no capital contribution. Traders passing the firm’s evaluation get a trading account to operate in the forex market using the firm’s Capital.
- Location: Chicago
- What they do: Provide prospective day traders with a simulated account.
- Initial Balance: 200k buying power for $125 monthly.
- Refundable Registration Fee: No
- Profit-sharing: Up to 50%
- Leverage: Up to 1:100
- Profit Target: $3,000
Features:
- Buying power of up to $500,000.
- Small monthly fee.
- Excellent reputation.
- Simple rules.
- News event trading, holding positions overnight, and weekends allowed.
- It offers 14 days risk-free trial
- You have to maintain a profit target of $3,000
- The maximum loss allow is $1,000
Pros
Cons
Profit-sharing Up to 50%
6) FTMO
The most secure platform
FTMO is one of the best prop firms founded in 2014 for forex trading. This prop trading firm occupies a specific market niche, combining a classic broker, a school, and a competitive platform for traders and their professional associations. It provides two-step verification and a two-step evaluation process, including the FTMO challenge and verification.
- Location: Czech Republic
- What they do: FTMO prop trading firm offers a variety of trading instruments, including forex.
- Initial Balance: 25k balance for $250, 50k balance for $345
- Refundable Registration Fee: Yes
- Profit-sharing: Up to 90%
- Leverage: 1:100
- Profit Target: $1,000
Features:
- Provides accounts worth $200,000.
- Offers profit-sharing up to 90%.
- 2 step evaluation.
- Free re-test (if only balance is positive).
- It can use EAs, hedging, or trade discretionary.
- News event trading and holding positions overnight.
- It offers Swap-Free Accounts
- Time Pressure: Normal, aggressive, swing
- You can have a maximum Loss of $500
- Trading Period: 44 Days
Pros
Cons
Profit-sharing Up to 90%
7) LuxTradingFirm
LuxTradingFirm is a leading proprietary trading firm based in London (UK) and Bratislava (SK), specializing in supporting experienced prop traders. This proprietary trading firm helps traders excel and provide the tools and Capital. It allows you to trade with real money instead of demo games. It provides you with three trading platforms: TraderEvolution, TradingView, and MetaTrader4.
- Location: London EC1V 2NX, United Kingdom
- What they do: Commodities, Crypto, Forex, Indices, Stocks.
- Initial Balance: Funding up to $150,000 and an aggressive scaling program up to $2,500,000.
- Profit-sharing: Up to 65%
- Leverage: 1:30
- Profit Target: 6%
Features:
- Trade on your terms with simple, actionable trading plans
- Take advantage of our Plug & Play MT4 Indicator to back your decisions.
- You can learn from traders with over 50+ years of combined experience.
- You will get daily market updates and commentary via live streams.
- Share your trade ideas and get specific feedback.
- Access to vibrant trading chat room.
- It has a profit target of only 6%
- You can afford maximum loss of $400,000.
- You will get 7-Day Free Trial
- Pricing: Plan starting at £149 per month.
Pros
Cons
Profit-sharing Up to 65%
8) The Funded Trader
Best Funded Trader Program with straightforward trading rules
The Funded Trader is an online prop firm founded in 2021 committed to providing funding solutions to undercapitalized traders worldwide. They provide clients with the ability to prove themselves in a risk-free environment.
This prop trading firm offers two funding program options to its traders. 1) Standard Challenge – Standard Challenge Accounts aims to identify skilled traders. 2) Rapid Challenge – aims to identify serious traders and reward them for their consistency in a two-phase evaluation period.
- Location: Fort Lauderdale, Florida, USA.
- What they do: They allow traders to trade in forex, commodities, indices, and crypto.
- Initial Balance: $600,000
- Refundable Registration Fee: Yes
- Profit-sharing: 80% | 90% with Scaling
- Leverage: 200:1
Features:
- This firm is designed with every trading platform in mind.
- Provides offers features like profit split, high Leverage, and multiple funding options.
- It has very relaxed trading rules.
- You can hold your trade on weekends.
- Offers up to $1.5M in Funded Capital
- Time period for evaluation is 35 days & 60 days.
- It has profit-sharing: 80% / 90% with Scaling.
- It offers a starting price of $549.
- It allows you to conduct news-based Trading.
- It offers maximum Capital of up to $1,500,000
Profit-sharing 80% | 90% with Scaling
9) City Traders Imperium
Best for Forex, gold, indices
City Traders Imperium is a London-based prop firm founded in 2014. It is ideal trading firm for scaling programs and educational offerings. You can learn bank-level trading using smart money, Wyckoff, Wave Theory, and clear design techniques. This pattern helps you identify the Price Action method’s high and low probability swings.
- Location: London, England, United Kingdom
- What they do: They provide various financial trading services, like trading education and funded trading accounts.
- Initial Balance: $10k to $70k
- Refundable Registration Fee: No
- Profit-sharing: Up to 100%
- Profit Target: 5% to 10%
Features:
- Up to 70% profit split
- Provides great education to traders.
- Up to 1 year of evaluation time.
- EAs and hedging are allowed.
- News trades, holding overnight/weekends are allowed.
- Time Pressure of only 30 ATD during the evaluation
- Trading Period: 45 Days
- Free Trial: Demo Trial Only
- Pricing: Plan starting at $99 per month.
Pros
Cons
Profit-sharing Up to 100%
10) Leeloo
Leeloo Trading is one of the best and most highly reputed performance based trading founded in 2018. The rules of this performance based trading firm are very transparent to facilitate the trading and funding process. It allows you to trade for at least 10 days and must not violate the rules. Leeloo has four levels in its performance accounts, and these PAs are simulated with real market prices from the liquidity providers.
- Location: Montana
- What they do: Leeloo™, through its proprietary software platform, provides individual traders an opportunity to test their skills in the market with simulated currency and the potential for payouts via periodic performance based contests, well known as Leeloo's Performance Based Trading and Contests™.
- Initial Balance: $25,000 (Foundation account - Aspire)
- Leverage: 1:33
- Profit Target: $6,000
Features:
- You can freely trade with your strategy.
- Minimum 10 traded days.
- No daily drawdown.
- Only One login for multiple accounts.
- No scaling.
- Free Ninja license key.
- Allows you to trade full-size accounts.
- No minimum or maximum withdrawal limit after 1 month of Trading.
- It offers 14 Days practice period.
- Pricing: Pricing starts at $150 monthly but we also have Leeloo Express which is $77 for 14- days Non-Recurring.
11) The5ers
The5ers is one of the best prop trading firms for forex trading. It offers an excellent option for everyone, from beginners with zero experience to skilled swing traders who do not need Capital.
Founded in 2016, they have 3 models 1) instant funding in real accounts up to $4M, 2) $100K Bootcamp – the first low entry cost challenge, where you can prove your trading skills and pay the rest only once you’ve passed 3) Freestyle – Trade at your own style. get funded and keep 100% profits
- Location: Raanana, Israel
- What they do: You can trade Forex and Metals.
- Initial Balance: Depending on the model and account size, from €85 up to €745, funding up to $4M
- Refundable Registration Fee: depending on the model
- Profit-sharing: Instant funding 50%, Bootcamp up to 80%
- Leverage: 1:30
- Profit Target: 10%
Features:
- Instant funding in real accounts.
- One-time fee only.
- Funding doubles at every stage.
- Provides evaluation on a real live trading account.
- External performance statistics.
- Overnight & and weekend holding is allowed.
- You can access a community of successful traders to share ideas and feedback.
- Profit split from 100% to 50/50, depending on the model.
- Free 1 On 1 Performance Coaching
- Hyper-growth Scaling up to $4m.
- You will have a trading period of 12 Months.
- It offers swap-Free Accounts
Pros
Cons
12) Jane Street
Jane Street is a global prop trading firm having over 1,200 employees. This prop trading firm has been one of the largest market-makers globally for the past two decades. At Jane Street, they use the most advanced tools for complex problems to get accurate results, making it one of the best futures prop firms.
They also study trading risks extensively and understand the market to help themselves and their clients make bold decisions. It was founded in 2020, and its assets include ETFs, equities, futures, commodities, bonds, currencies, etc.
Features:
- Allows you to actively trade in global equities, bonds, options, and ETFs daily.
- Offers institutional clients access to its principal liquidity through a variety of services.
- This prop firm for trading has many proprietary models.
- It is located in New York, Chicago, London, and Tokyo
- What they do: It is a quantitative prop trading firm combining a deep market understanding. Helps you to learn about the scientific approach and innovative technology to trade successfully in financial markets.
Pros
Cons
Link: https://www.janestreet.com/
What is a Prop Trading Firm?
A prop trading firm, also known as a proprietary trading firm, is an entity that engages in trading financial instruments using its capital rather than clients’ funds. These firms employ skilled traders who make speculative trades with the goal of generating profits for the firm.
In essence, a prop firm trading operates as its client, utilizing the expertise of its traders to take advantage of market opportunities and fluctuations. Using their own funds gives these firms greater flexibility and autonomy in their trading decisions.
The primary objective of a prop trading firm is to generate profits by capitalizing on market inefficiencies and price discrepancies. Traders employed by these firms employ various strategies, such as arbitrage, statistical analysis, and technical analysis, to identify potentially profitable trades.
One distinctive feature of prop trading firms is the absence of a traditional client base. Unlike traditional brokerage firms that handle clients’ investments, prop firm trading focuses solely on their trading activities. This allows them to operate with less regulation and oversight compared to firms that handle clients’ funds.
Benefits of Prop Trading
Prop trading firms offer several benefits contributing to their appeal in the financial industry. Here are some of the key advantages:
- Profit potential through skilled traders and specialized strategies.
- Autonomy and flexibility in making independent trading decisions.
- Efficient trade execution using advanced technology.
- Skill development through valuable learning opportunities.
- Potential for high profits by capitalizing on market inefficiencies.
- Diverse market opportunities across various financial instruments.
- Attractive compensation and profit-sharing arrangements.
Drawbacks of Prop Trading Firm
While prop trading firms offer various advantages, they also have certain drawbacks. Here are some of the disadvantages:-
- Increased risk due to the speculative nature of prop trading.
- Limited diversification as firms often specialize in specific markets or strategies.
- Capital requirements can be a barrier for new or smaller firms.
- Regulatory compliance obligations and associated costs.
- Lack of traditional client base, relying solely on their trading activities.
- Intense competition in the prop trading industry.
FAQs
Best Proprietary Trading Firms
|
#1 Best Overall
|
|
|
|
|
| Name | FX2 Funding | The Trading Pit | Fidelcrest | Surgetrader |
| Initial Balance: | $10,000 up to $1 million | €10,000 up to €5 Million | $50,000 | $25,000 upto $1 million |
| Tradable Assets: | Forex, Commodities, Indices, Crypto | Real Futures & Forex CFDs, including CFD Commodities, Indices, Crypto & Stocks | Forex, Indices, Metals, Commodities, Stocks and more | Forex, Indices, Metals and Cryptocurrencies. |
| Profit Split: | Up to 85% | Up to 80% | Up to 90% | Up to 75% |
| Link | Learn More | Learn More | Learn More | Learn More |