12 BEST Prop Trading Firms (2024 Update)

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.
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Top Proprietary Trading Firms

Funded Trading Plus TopStepTrader FTMO FTUK
Name Funded Trading Plus TopStepTrader FTMO FTUK
Initial Balance: $12,500 200k buying power for $125 monthly 25k balance for $250, 50k balance for $345 $14,000
Tradable Assets: Forex, Indices, Metals, Commodities, Cryptos Forex, Indices, Metals, Crypto Forex, Indices, Commodities, Stocks, Crypto Forex, Indices, Metals and Commodities.
Profit Split: Up to 90% Up to 50% Up to 90% Up to 80%
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1) Funded Trading Plus

Best Overall Prop Firm & Most Trusted

Funded Trading Plus is a globally renowned funded trading firm headquartered in London, England. Offers Discord Bot for quick support and profitable trading discussions. The founders have been real traders since 2013 havepartnered with EightCap.

They operate very differently to other Top Prop Firms – Which is what makes this company a great choice for traders.

#1 Top Pick
Funded Trading Plus
  • Location: London, United Kingdom
  • What they do: Offers one-stage funding, instant funding, and a classic two-stage funded account.
  • Initial Balance: $12,500
  • Refundable Registration Fee: Yes
  • Profit-sharing: Up to 90%
  • Leverage: 1:30
Visit Funded Trading Plus

Features:

  • All trading styles allowed – EA’s & Algo’s included
  • The only achievable scaling plan in the industry can double the account size every 10% profit, without delay
  • No Time Limits: Funded Trading Plus pioneered no time limits. They have never imposed any time restrictions on traders
  • 1:30 Leverage, Higher leverage = More failure
  • No delays on payouts
  • Up to a 90% payout split
  • Very few ‘hard’ rules
  • 24/7 customer support, real people on the end of queries.
  • Active Discord community – over 20k active users
  • Highest TrustPilot Rating of any firm, one of the most trusted in the industry
  • Offers a variety of funding options for all types of traders
  • Founding Year: 2013
  • Refundable Registration Fee: Yes
  • Initial Balance: $12,500

Pros

  • Best Scaling Plan in the Industry
  • No Time Limits
  • Weekly Payouts, From Day 0
  • Leverage Aligned With EU Regulatory Standards

Cons

  • Daily Drawdown can only be removed at 10%
  • Accounts start at $12,500
  • Relative drawdown becomes static at 6%.

Visit Funded Trading Plus

Profit-sharing Up to 90%


2) 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.

#2
TopStepTrader
  • 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
Visit TopStepTrader

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

  • Choose 1:1 coaching, group coaching, or both!
  • Personalized stats and tips are provided to improve performance.
  • It helps you to understand your performance and helps you to grow.
  • You can connect with expert traders via call, chat, WhatsApp, or email.
  • Traders who pass the evaluation get a trading account to operate in the Forex market using the firm’s Capital.

Cons

  • The company doesn’t provide bonuses, automated Trading, or other passive income options.
  • Their support service works only on weekdays during set hours.
  • Rules might seem too complex.

Visit TopStepTrader

Profit-sharing Up to 50%


3) 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.

#4
FTMO
  • 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
Visit FTMO

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

  • In the FTMO challenge or verification, you don’t need to close your positions.
  • You can trade your trading strategy with no limits or restrictions
  • It allows news event trading and holding positions overnight.
  • Offers a wide range of choices of assets across the board, with very low commissions.
  • You can choose your profit split day other than the default.

Cons

  • You must pass the FTMO challenge within 10 trading days. This could be not easy.
  • You will only have the demo account even after passing the FTMO challenge.

Visit FTMO >>

Profit-sharing Up to 90%


4) FTUK

Best for No Minimum Trading Day Rules

FTUK is a funded trading firm that offers both instant funding and evaluation programs for traders. If you are searching for a reliable funding trader program, your hunt is over! It is designed for fast, and profitable scaling for traders.

It is one of the best prop trading firm that helps you to improve your trading skills with valuable advice from supportive seniors and training courses, which expand your knowledge and elevate the chances to succeed.

#5
FTUK
  • Location: London, UK.
  • What they do: Forex + Indices + Commodities + Metals
  • Initial Balance: $14,000
  • Refundable Registration Fee: No
  • Profit-sharing: Up to 80%
  • Leverage: 1:100
Visit FTUK

Features:

  • They provide mentors and coaches to assist you with your trading.
  • Trade support specialists are always there for you via email 24 hours a day.
  • Trades with exceptional performance can scale their funded trader account up to $2,880,000.
  • They allow trading strategies like scalping, day trading, swing trading, and news trading.
  • It offers leverage up to 1:50 for the low-risk program and up to 1:100 for the aggressive program.
  • Offers the best rapid scaling program in Industry.
  • Withdraw anytime from level 2.

Pros

  • Instant funding option available
  • Zero commission or swap fees
  • It allows weekend and overnight positions
  • Automated system to monitor funded trading accounts and their trades.

Cons

  • Required to start on a demo account
  • Low leverage options of 10:1 & 30:1

Visit FTUK >>

Profit-sharing Up to 80%


5) 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.

#6
LuxTradingFirm
  • 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%
Visit LuxTradingFirm

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

  • The Elite traders get a dashboard integrated with daily streams and a live trading room.
  • They provide a verified track record from KPMG, so you can also trade for big banks, family offices, etc.
  • There are no time limits in any of the stages.
  • This firm works with the most reputed liquidity providers like Goldman Sachs, Barclays, etc.
  • You have to pay just once as there are no monthly fees.

Cons

  • Expensive fee for the traders who do not pass their evaluation
  • The profit splits are slightly low.

Visit LuxTradingFirm

Profit-sharing Up to 65%


6) OneUp Trader

Best overall

OneUp Trader is an exclusive platform that offers users trading insights and tools. This Forex trading prop firm comes with No data fees or hidden fees. Once you clear 1-Step Evaluation, you can get up to 90% profit and receive real money.

#7
OneUp Trader
  • Location: Delaware
  • What they do: Offers 1-Step Evaluation with clear and attainable targets
  • Initial Balance: $25,000 upto $250,000
  • Refundable Registration Fee: No
  • Profit-sharing: 90%
Visit OneUp Trader

Features:

  • 1-Step Evaluation with clear and attainable targets
  • You will get the free trial option.
  • Flawless and reliable 24/7 Customer Service via Phone, Live Chat and Email.
  • No recurrent charges, membership fees, or hidden fees.
  • There is minimum of 15 total trading days to be eligible for placement with our funding partners.
  • You can withdraw your profits with few simple clicks.

Pros

  • No data fees or hidden fees
  • 24/7 Customer Support (Phone, Live Chat, Email)
  • FREE and unlimited profit withdrawals from day 1
  • No Daily Drawdown

Cons

  • The firm requires traders to put a stop-loss on each trade.
  • During OneUp Trader audition, in the event of a hard breach account access will be revoked.

Visit OneUp Trader >>

Profit-sharing 90%


7) Apex Trader Funding

Best Professional Funding Trader Program Firm

Apex Trader Funding is the leading futures funding evaluation firm in the world. It has helped numerous funded traders worldwide to earn higher profits on their trading skills.

#8
Apex Trader Funding
  • Location: Texas
  • What they do: Offers 1-Step Evaluation with clear and attainable targets
  • Initial Balance: $25,000
  • Refundable Registration Fee: No
  • Profit-sharing: 90%
Visit Apex Trader Funding

Features:

  • Trade Full-Sized Contracts in Evaluations or Funded Accounts
  • Real-Time Data Included
  • No Total Cap on Maximum Payout
  • One-Step Evaluation Process
  • Trade With Multiple Accounts up to 20 max

Pros

  • Trade on Holidays
  • 24/7 Customer Support (Phone, Live Chat, Email)
  • No Daily Drawdown

Cons

  • There are limited trading hours

Visit Apex Trader Funding

Profit-sharing Up to 90%


8) Smart Prop Trader

Smart Prop Trader is a virtual prop trading firm that offers a variety of services. This prop trading firm has been one of the largest market-makers globally for the past two decades. At Smart Prop Trader, they use the most advanced tools for complex problems to get accurate results, making it one of the best futures prop firms.

#9
Smart Prop Trader
  • Location: Wyoming, USA 
  • What they do: They provide a variety of trading instruments, including forex crypto.
  • Initial Balance: $10k
  • Refundable Registration Fee: No
  • Profit-sharing: Up to 90%
  • Profit Target: 7% for phase 1 & 5% for phase 2
Visit Smart Prop Trader

Features:

  • Up to 90% profit split
  • Provides great education to traders.
  • Allows you to trade full-size accounts.
  • Trade with up to 1:30 leverage for simulated forex instruments.
  • There is no minimum simulated trading days for both challenge phases
  • It provides a large amount of trading instruments, like commodities, forex pairs, indices, and cryptocurrency.
  • Founded: 2022

Pros

  • It provides free virtual account with same trading conditions.
  • Flexible trading rules with no minimum trading day requirements
  • 24/7 customer service through live discord chat and email

Cons

  • The monthly subscription fee may be too high for beginners.
  • Users have limited control over their trades.

Visit Smart Prop Trader

Profit-sharing Up to 90%


9) 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.

#10
Leeloo
  • 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
Visit Leeloo

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.

Visit Leeloo >>


10) 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.

#11
City Traders Imperium
  • 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%
Visit City Traders Imperium

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

  • Lets you access funded accounts with a 100% profit share
  • Get large returns with the STT swing trading strategy.
  • Teaches James’ systematic strategy, which selects established liquidity zones
  • Get Forex to trade one-on-one mentors for beginners.
  • The evaluation phase can last up to one year, so the traders get a good chance for funding.

Cons

  • The support takes time to reply
  • The account is terminated automatically when you hit the 5% relative drawdown.

Visit City Traders >>

Profit-sharing Up to 100%


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

#12
The5ers
  • 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%
Visit The5ers

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

  • No profit payout deductions
  • You can request payouts at any time and get them with just a click
  • Supports all trading systems
  • No time restrictions and pressure to meet milestones

Cons

  • Low Leverage due to low risk and usage of real Capital
  • Doesn’t offer crypto, shares, and futures

Visit The5ers >>

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.

What is Funded Trading?

Funded trading is a form of speculation that can be done through private investment. For this trading to take place, the individual must be able to get funding from outside sources such as banks and other lending institutions.

The funds are given in the form of credit, so the trader does not need to have any additional funds or capital. This type of trading does not come with high risks because the trader only needs to repay the money if they make a profit

It offers several amazing advantages for the trader, like gaining immediate capital to work with lesser paperwork.

However, you cannot become a funded trader easily without a proven and consistent performance track record.

How to Select a Proprietary Trading Firm?

Here are some important criteria which help you to select the right Proprietary Trading firm:

  • The term and size of the deposit: The deposit term and size increased by a portion of the firm’s capital should provide an increase in the volume of transactions. It should not increase the risk of current drawdowns and also not forcing yourself to limit the volume.
  • Conditions for Participation in Traders Contests: Legitimate proprietors hold such events using demo accounts and not the real ones. In contests on real trading accounts, there is a risk of not getting back the funds deposited by anyone Trading without a prize. However, there is no certainty that they will get the money from the prop trading firm for the winners. You should remember that market conditions of real Trading cardinally differ from contest ones.
  • The reputation of the organization: Bad rep proprietary trading firms are marred with a lot of inconveniences, slippage, non-market price jumps, or interrupted communication. So, there is a greater possibility that scammers may not allow withdrawing the profit and trade to the profit. So, you need to avoid such a company.
  • Paid training: A trader in a prop firm is an employee, and the employer must educate him free of charge. However, Russian pro-trading companies train for money, and they do not even guarantee employment. So read the terms of your selected proprietary trading firm.

How does one get started with a Prop Trading Firm?

Here are the steps that you can follow to get started with a prop trading firm:

Step 1) Understand the basics of Prop trading

Learn how prop trading works, processes, etc., for a better understanding

Step 2) Get Trading and Market knowledge

You should study and analyze how trading and markets work

Step 3) Go through the market rules

You need to understand and follow all the market rules associated with Trading

Step 4) Make a trading strategy

Study and prepare a trading strategy for executing your trades

Step 5) Practice with risk management

Analyze and practice risk management using historical data

Step 6) Try paper trading

Before starting actual Trading, you should practice paper trading on simulator accounts provided by trading firms

Step 7) Do research and find the best proprietary trading firm for you

You can go through the list given above to study all the proprietary trading firms and how they operate

Step 8) Apply to a Proprietary firm as a Trader

Once you are ready for Trading, you can apply to a proprietary trading firm to start trading

Step 9) Get evaluated

Once you apply to a proprietary trading firm, you need to be evaluated by the firm in different means to qualify

Step 10) Get funded

Once you are evaluated, you can now get capital funding to trade with your strategy.

What do prop trading firms do?

Prop trading firms engage in trading financial instruments using their capital to generate profits. These firms, often considered the top prop trading firms, employ skilled traders who utilise various strategies and tools, such as arbitrage and technical analysis, to identify profitable trades. They mainly focus on capitalizing on market inefficiencies and price discrepancies to maximize returns.

Additionally, prop trading firms may participate in fund index prop funding, where they allocate capital to specific investment strategies based on the performance of index funds. This approach allows them to diversify their investments and potentially enhance their profitability.

FAQs

Following are the Best Proprietary Trading Firms:

Here are the important pros and cons of joining a proprietary trading firm:

Pros:

  • You can obtain start-up capital with a low entry threshold.
  • Free training in Trading.
  • Getting access to high-level data software.
  • You can directly access the exchange.
  • Does not have a conflict of interest between the legally operating company and traders.
  • You can take advantage of company priority–algorithms for fast profit share.

Cons:

  • You need to pay a security deposit.
  • You need to spend lots of time and effort.
  • You need to learn prop trading software.
  • If you are constantly making a loss, the account will be automatically blocked.

Here are some major differences between Hedge Fund and Prop Trading:

Hedge FundProp Trading
Hedge funds put their client’s money to invest in the financial markets.Proprietary traders use the firm’s money to invest in the capital markets.
Hedge funds are answerable to their clients.Proprietary Trading works to strengthen the firm’s balance sheet by investing in the financial market. Hence, no restrictions are followed in terms of risk.
They are the target of the Volcker Rule, which aims to limit financial institutions’ risk.Traders can certainly take more risks since they are not dealing with client funds.

Here is the list of prop trading firms known to support copy trading. Some of the examples are:-

  • AvaTrade
  • Naga
  • PrimeXBT
  • BingX
  • ZuluTrade

Best Proprietary Trading Firms

Funded Trading Plus TopStepTrader FTMO FTUK
Name Funded Trading Plus TopStepTrader FTMO FTUK
Initial Balance: $12,500 200k buying power for $125 monthly 25k balance for $250, 50k balance for $345 $14,000
Tradable Assets: Forex, Indices, Metals, Commodities, Cryptos Forex, Indices, Metals, Crypto Forex, Indices, Commodities, Stocks, Crypto Forex, Indices, Metals and Commodities.
Profit Split: Up to 90% Up to 50% Up to 90% Up to 80%
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