Top Best Forex Prop Firms in 2024
Best Future Prop Trading Firms
1. Funded Trading Plus:
Funded Trading Plus stands out for its comprehensive approach to forex prop trading, providing traders with the capital and resources necessary to succeed in dynamic market conditions. With a commitment to transparency and performance evaluation, Funded Trading Plus offers structured trading programs designed to foster trader growth and profitability. Their emphasis on risk management and personalized support makes them a preferred partner for ambitious forex traders.
Features of Funded Trading Plus:
- Capital Provision: Traders gain access to significant capital provided by the firm, allowing them to take larger positions than they could with their funds.
- Risk Management: Includes This approach emphasizes strict risk management protocols to protect the trader and the firm’s capital. This includes setting daily loss limits and position size limits and adhering to risk control guidelines.
- Market Access: Traders can access advanced trading platforms with real-time market data and fast execution capabilities, facilitating efficient trading.
- Account size up to: $200,000.
- Location: London, United Kingdom.
- Profit Sharing: The profit split can be 80%
Pros
- Four Funding Programs.
- Professional dashboard.
- Weekly payouts.
- Overnight holding is allowed.
Cons
- Low leverage.
- No weekend holding is allowed.
2. FXIFY Prop Firm
FXIFY stands out as a premier prop firm dedicated to providing traders with the essential tools and resources to excel in the dynamic forex market. By offering substantial funding opportunities and a supportive environment, FXIFY empowers traders to focus on their strategies and maximize their potential. With a transparent evaluation process and flexible program options, FXIFY is committed to fostering trader growth and success.
Features of FXIFY
- Capital Provision: FXify offers traders access to significant capital, enabling them to take larger positions and maximize their trading potential beyond their personal funds.
- Risk Management: FXify emphasizes strict risk management protocols to safeguard both the trader and the firm’s capital. This includes setting daily loss limits, position size limits, and adhering to comprehensive risk control guidelines.
- Market Access: FXify provides traders with advanced trading platforms featuring real-time market data and fast execution capabilities, facilitating efficient and effective trading.
- Account size up to: $400,000.
- Location: London, United Kingdom.
- Profit Sharing: The profit split can be 90%
Pros
- Ability to withdraw with $0 fees.
- Offers access to MetaTrader 4, MetaTrader 5, cTrader.
- Fast and digital account opening/verification.
- 50:1 available leverage.
- Allows grid trading and use of Martingale strategy.
Cons
- Low daily loss limit 5%.
- Low Max Trailing Drawdown 6%.
3. Lux Trading Firm
Lux Trading Firm operates as a proprietary trading firm where traders trade financial instruments such as stocks, options, futures, and forex using capital provided by the firm. The firm typically seeks traders with strong trading skills, risk management capabilities, and the potential for consistent profitability. Lux Trading Firm’s premium offerings make it a top choice for serious traders.
Features of Lux Trading Firm
- Capital Provision: Lux Trading Firm provides traders with access to substantial capital, allowing them to trade larger positions than they might with their funds.
- Funding Programs: It offers options for funding programs, such as one-step and two-step evaluations.
- Market Access: Traders at Lux Trading Firm have access to advanced trading platforms with real-time market data and fast execution capabilities, enabling them to take advantage of market opportunities swiftly.
- Performance Evaluation: Traders are evaluated based on their trading performance, adherence to risk management guidelines, and overall profitability. Successful traders may be eligible for increased capital allocation and profit splits.
- Account size up to: $1,000,000.
- Location: Headquarters are at London EC1V 2NX, United Kingdom
- Profit Sharing: The profit share is 75%
Pros
- Free trials are available..
- News trading is allowed.
- Two funding programs.
- Simple trading rules.
Cons
- Low leverage
- Mandatory Stop loss
4. Ment Funding
Ment Funding is dedicated to fostering professional growth for traders. Its programs are designed to help traders grow and succeed in the markets, and its focus on professional growth ensures that traders are well-equipped for success.
Features of Ment Funding
- Capital Provision: Ment Funding offers traders access to substantial capital, allowing them to take larger positions than they could with their funds.
- Risk Management: The firm emphasizes strict risk management protocols to protect the trader and the firm’s capital. This includes limiting maximum daily losses and position sizes and adhering to risk control guidelines.
- Education and Support: Ment Funding may provide education programs, mentorship, and access to proprietary trading strategies and tools. This support aims to enhance traders’ skills, improve their trading performance, and help them develop as successful traders.
- Performance Evaluation: Traders are evaluated based on their trading performance, risk management discipline, and profitability. Successful traders may be eligible for increased capital allocation and more favourable profit splits Account size up to: $2,000,000
- Location: Texas, United States.
- Profit Sharing:The profit split can be starts from 75% to up to 90% based on your performance
Pros
- All trading styles are allowed.
- Up to 90% profit splits.
- One-step evaluation program.
Cons
- No free trial.
- Low leverage.
5. Top Tier Trader
Top Tier Trader offers substantial capital and comprehensive support. Their programs are designed to identify and support top-tier trading talent, focusing on performance and risk management. Top Tier Trader’s commitment to identifying and supporting top-tier talent makes it a standout choice for serious traders.
Features of Tier Trader
- Capital Provision: Toptier traders offer traders access to substantial capital, allowing them to take larger positions than they could with their funds..
- Risk Management: The firm emphasizes strict risk management protocols to protect the trader and the firm’s capital. This includes limiting maximum daily losses and position sizes and adhering to risk control guidelines.
- Performance Evaluation: Traders are evaluated based on their trading performance, risk management discipline, and profitability. Successful traders may be eligible for increased capital allocation and more favourable profit splits.
- Account size up to: $2,000,000.
- Location: United States.
- Profit Sharing: The profit split is 75/25.
Pros
- Good leverage.
- News trading is allowed.
- Professional dashboard.
- Good ratings.
Cons
- Low leverage with swing top-tier challenge.
- No weekend holding in a challenge..
6. The Trading Pit
The Trading Pit A trading pit firm is a proprietary trading firm that allows traders to trade with the firm’s capital rather than their own. These firms often operate on a profit-sharing model where traders receive some profits from their trading activities.
Features of Trading Pit Firm
- Capital Provision: Trading pit firms provide traders with significant capital to trade various financial instruments, such as stocks, options, futures, and forex.
- Risk Management: Emphasizes strict risk management protocols to protect the trader and the firm’s capital.
- Market Access: Traders at Lux Trading Firm have access to advanced trading platforms with real-time market data and fast execution capabilities, enabling them to take advantage of market opportunities swiftly.
- Performance Evaluation: Traders are evaluated based on their trading performance, risk management skills, and adherence to trading strategies.
- Account size up to: $250,000.
- Location: Landstrasse, 63 9490 Vaduz, Liechtenstein.
- Profit Sharing: The profit split between traders and the trading pit is up to 80%..
Pros
- Overnight holding is allowed.
- Free trading platform for future and forex.
- Professional dashboard.
Cons
- Low leverage.
- No news trading.
7. Maven Trading
Maven Trading focuses on skill development and trader performance. Founded by combining sophisticated trading technology with talented traders, Maven provides a platform for traders to leverage their skills without needing substantial capital.
Features of Maven Trading Prop Firm
- Proprietary Trading Platform: Maven offers proprietary trading software with advanced algorithms and real-time market data feeds. This technology enables traders to execute trades swiftly and efficiently.
- Risk Management: Maven emphasizes robust risk management protocols to protect traders and the firm from significant losses. This includes setting trading limits, leveraging stop-loss orders, and continuously monitoring trading activities.
- Profit Sharing: Maven Trading operates on a profit-sharing model where traders receive some profits from their trading activities. The profit split varies depending on factors such as trading performance, experience level, and the specific arrangement with the firm.
- Account size up to: $200,000.
- Location: London, England.
- Profit Sharing: Traders can have 80% of the profit
Pros
- News trading is available.
- Offers access to 400+ assets.
- Innovative challenge program.
- Offers a competitive profit-sharing arrangement.
Cons
- Challenge-based entry.
- Specific platform require.
8. Alpha Capital
Alpha Capital is committed to nurturing trading talent through its innovative programs. It offers accounts from $10,000 to $500,000 and focuses on identifying and supporting high-potential traders. Alpha Capital’s approach combines rigorous evaluation with ongoing support and growth opportunities.
Features of Alpha Capital
- Funding Programs: Alpha Capital offers diverse programs for traders at different skill levels. These programs typically include evaluation phases that lead to funded trading accounts based on performance.
- Evaluation Process: Traders must pass a structured evaluation process to qualify for funding. This evaluation assesses trading proficiency, risk management capabilities, and consistency in achieving profitability targets.
- Funding Options: Upon completing the evaluation phase, traders receive funding to trade forex markets. The amount of funding granted varies based on the chosen program and the trader’s performance metrics.
- Risk Management: The firm emphasizes robust risk management practices to safeguard trader and firm capital. This includes setting strict risk parameters and providing guidelines for prudent trading practices.
- Support and Resources: Traders benefit from access to advanced trading platforms, real-time market data, and comprehensive educational resources designed to enhance trading skills and optimize performance.
- Account size up to: $400,000
- Location: London, England
- Profit Sharing: Traders can have 80% of the profit.
Pros
- News trading allowed.
- Professional dashboard.
- Free Trial available.
- Offers a competitive profit-sharing arrangement.
- Emphasizes effective risk management practices.
Cons
- Minimum trading day of 3 days.
- Lot size limit.
- The initial evaluation process can be rigorous and may require a high level of trading proficiency.
9. City Traders Imperium
City Traders Imperium (CTI) offers a robust program to empower traders worldwide. CTI’s comprehensive support includes mentorship and performance tracking. This forex prop trading firm is renowned for its structured approach to funding aspiring traders.
Features of City Traders Imperium
- Funding Programs: City Traders Imperium offers various funding programs that suit different trading styles and experience levels. Based on their performance, traders can choose from evaluation phases to live trading accounts.
- Funding Options: Traders receive funding to trade forex markets upon successful evaluation. The funding amount varies based on the chosen program and the trader’s performance during evaluation.
- Risk Management: The firm emphasizes robust risk management practices to protect both trader capital and firm capital, ensuring sustainable trading over the long term.
- Support and Tools: Traders benefit from access to advanced trading platforms, data analytics tools, and educational resources that enhance trading skills and performance.
- Account size up to: Designed to accommodate various trading strategies.
- Account size up to: $2,000,000
- Location: Dubai, UAE
- Profit Sharing: The profit split starts at 80% and depends on the account size.
Pros
- Provides traders with access to trading capital without requiring substantial investment.
- Offers a competitive profit-sharing that rewards traders for their performance.
- Free Trial available.
- News trading allowed.
- Emphasizes effective risk management strategies, crucial for minimizing losses.
Cons
- No evaluation programs.
- Low leverage on all funding programs.
10. The5ers
The5ers prop trading firm takes a unique approach focusing on long-term trader development. The5ers emphasize risk management and consistency over aggressive trading tactics. Here’s an overview of its features, profit-sharing model, and pros and cons:
Features of The5ers
- Evaluation Process: Traders interested in The5ers must pass an evaluation phase to demonstrate their trading skills and risk management abilities on a demo account.
- Funding: Upon completing the evaluation, traders can receive funding from The5ers. It offers three funding programs: Hypergrowth.
- Profit Sharing: The5ers operates on a profit-sharing model. Traders can keep between 50% and 90% of their profits, depending on their account type and performance level. They retain the remaining percentage.
- Risk Management Tools: Traders are provided with risk management tools and guidelines to help them trade responsibly and manage risk effectively.
- Support and Education: The5ers offers traders support and educational resources, including trading psychology guidance, webinars, and access to a community of traders.
- Account size up to: $40,000
- Location: Headquarter in Israel
- Profit Sharing: The profit is 50/50 but depends on scale-up plan, so it means you can also have 100% of it.
Pros
- Allows traders to choose an account size that suits their trading style and goals.
- Traders can negotiate their profit-sharing terms based on their performance.
- Provides comprehensive support and educational resources to help traders.
Cons
- Some traders may find the evaluation phase challenging.
- It retains a percentage of traders’ profits depending on the account type.
- Traders must adhere to strict risk management guidelines.
11. Blue Guardian
Blue Guardian stands out for its transparency and trader-friendly policies. Blue Guardian’s emphasis on clear communication and support helps traders feel valued and informed. It is known for its unique approach to funding traders. It provides funding to forex traders who pass their evaluation process. It operates on a model where traders can trade with the firm’s capital and share the profits according to predefined terms.
Features of Blue Guardian
- Evaluation Process: Traders must pass a trading evaluation to qualify for funding. This process typically includes demonstrating consistent profitability and risk management skills.
- Funding Options: Traders can receive funding to trade in forex markets once approved. The funding amount can vary based on the trader’s performance during the evaluation phase.
- Profit Split: Blue Guardian typically offers a profit-sharing arrangement in which traders retain a percentage of their profits. The exact split can vary, but it is often favourable compared to traditional trading firms.
- Risk Management: The firm emphasizes strong risk management practices crucial for maintaining capital and ensuring sustainable trading performance.
- Support and Resources.
- Traders may receive access to trading platforms, data analytics tools, and educational resources to enhance their trading capabilities.
- Account size up to: $2,000,000
- Location: Headquarter in Dubai, UAE.
- Profit Sharing: Blue Guardian usually offers a profit split to a trader 85%.
Pros
- Provides access to trading capital without requiring significant personal investment.
- Offers a fair profit split that rewards traders for their performance.
- Emphasizes risk management, which is essential for long-term trading success.
Cons
- The initial evaluation phase can be stringent.
- The exact profit split can vary based on individual performance and specific terms.
- Traders are subject to market volatility and conditions.
11. FTMO
FTMO (Financial Trading Markets Online) is a well-known forex prop trading firm. It offers trading capital to traders who can demonstrate their skills and ability to manage risk effectively through a structured evaluation process.
Features of FTMO
- Evaluation Process: Traders interested in FTMO must pass an evaluation phase, during which they trade on a demo account with specified risk parameters. This phase typically assesses trading skills, risk management, and consistency.
- Funding: Upon completing the evaluation, traders can receive funding from FTMO. Funding amounts vary depending on the chosen account size (e.g., $10,000, $25,000, $50,000).
- Profit Split: FTMO operates on a profit-sharing model where traders keep a percentage of their profits. Typically, traders can retain 70-80% of their profits, while FTMO takes the remaining percentage as a fee.
- Risk Management Tools: FTMO provides tools and guidelines to help traders maintain discipline and manage risk effectively.
- Support and Education: Traders have access to educational resources, webinars, and support from FTMO’s team to enhance their trading skills and knowledge. Account size up to: $400,000
- Location: Prague, Czech Republic
- Profit Sharing: FTMO’s profit sharing starts at 80/20.
Pros
- Provides access to trading capital without requiring significant personal investment.
- Offers a fair profit split that rewards traders for their performance.
- Emphasizes risk management, which is essential for long-term trading success.
Cons
- The initial evaluation phase can be stringent.
- The exact profit split can vary based on individual performance and specific terms.
- Traders are subject to market volatility and conditions.
Conclusion
Selecting the right prop trading firm is an important decision that will impact your trading journey significantly. The firms listed above each offer unique features and benefits designed to help traders succeed. Whether you’re looking for educational resources, advanced trading platforms, or flexible funding options, a prop trading firm meets your needs.
I also link these firms to their original sites to save you time. Evaluate these firms based on your trading style, goals, and the specific features that will support your success in the competitive world of futures trading.