A prop trading firm is a company that provides a trader, who demonstrates the ability to make a profit, with the necessary capital to trade in the financial markets in exchange for a percentage of the profits.
This type of online business, due to its characteristics, provides multiple advantages for the user since the proprietary trading company completely assumes the risk and provides its own money for the trader to trade with. Thus, the trader can generate profits without having his capital.
In addition, these prop firms work with usually high amounts, so they offer the opportunity to handle large volumes of money in each account, which allows for higher profits per trade.
Many of these brands even offer free training when you get an account, so you can improve your strategies, the way you trade, and therefore your income. For all this, here we will show you the best Prop Trading Firms of this year, with which you can start this interesting business of funded trading.
Table of Contents
What are the best Prop Trading Firms in 2024?
1. FTMO
- Origin Country: Czech Republic
- Headquarters: Prague, Czech Republic
- Year Founded: 2014
- User Ratings on Trustpilot: 4.8 (from 15.518 reviews)
- Balance of Funded Accounts: From $10,000 to $200,000
- Number of Steps in the Evaluation Program: 2 steps
- Tradable instruments: Forex, Indices, Commodities, Stocks, Crypto.
FTMO is a prop trading firm that processes millions of dollars annually in trades made by its users. This company provides capital of up to 200 thousand dollars that provides hundreds of dollars as profit to its traders annually. Among the many advantages offered are low fees that are fully refundable once the evaluation is passed, competitive payouts that can reach up to 90% of total profits, diverse trading options with a wide range of tradable instruments, and a large community with educational resources and tips to improve trading strategies.
To start trading with FTMO prop firm you need to pay a one-off fee, which varies depending on the type of account you wish to receive, with the minimum fee being $155 for the $10,000 account and a maximum of $1,080 for the $200,000 account. In addition, you can also choose between 3 different account styles, which are the standard account, the aggressive account, and the swing account.
Then, you need to go through an evaluation process to determine if you are qualified to manage such an account. This process consists of two steps of verification, where the trader must demonstrate their risk management skills and profit-making over a set period of time. It is undoubtedly an excellent option for those who are looking for a reliable and secure option in the prop trading industry.
More info at https://ftmo.com/en/
2. Apex Trader Funding
- Origin Country: United States
- Headquarters: Austin, Texas, United States
- Year Founded: 2021
- User Ratings on Trustpilot: 4.5 (From 10.966 reviews)
- Balance of Funded Accounts: From $25,000 to $300,000
- Number of Steps in the Evaluation Program: 1 step
- Tradable instruments: Futures.
Apex Trader Funding is a company that offers funding accounts and is known for only dedicating its resources to futures trading. However, it is a very attractive option for users, due to the flexibility of their evaluations and the adaptable timing of the evaluations, which has made them competitive in the market.
One of the many benefits offered by this company is the evaluation process to start trading with them, which is a single phase, which is convenient for many traders who do not want long and complex evaluations.
For activation, Apex Trader Funding offers 7 different fund accounts, with the subscription price varying according to the type of broker you wish to use (Rithmic or Tradovate), ranging from $130 to $360.
More info at https://apextraderfunding.com/
3. Funded Trading Plus
- Origin Country: United Kingdom
- Headquarters: London – England, United Kingdom
- Year Founded: 2013
- User Ratings on Trustpilot: 4.7 (From 2.229 reviews)
- Balance of Funded Accounts: From $12,500 to $200,000
- Number of Steps in the Evaluation Program: No evaluation / 1 or 2 steps
- Tradable instruments: Forex, Index, Commodities, Crypto.
Funded Trading Plus is a proprietary trading company that offers a wide variety of challenge options for its users to choose the one they are most comfortable with. These evaluation methods include a 1-step evaluation, a 2-step challenge evaluation, or a direct funding without evaluation, conditioning the type of account that can be purchased.
This prop firm is relevant for those interested in trading in this way, as it has the most important instruments in the market, such as Forex, indices, or cryptocurrencies. In addition to having the possibility of receiving up to 100% of the profits generated in the account.
Funded Trading Plus also has 4 different types of funded accounts, which are the Experienced Trader Program, the Advanced Trader Program, the Premium Trader Program, and the Master Trader Program, each differing in the size of the account, the leverage allowed, and the percentage of profits to be received.
More info at https://www.fundedtradingplus.com/
4. FundedNext
- Origin Country: United Arab Emirates
- Headquarters: Ajman, United Arab Emirates
- Year Founded: 2022
- User Ratings on Trustpilot: 4.5 (22,182 reviews)
- Balance of Funded Accounts: From $6,000 to $200,000
- Number of Steps in the Evaluation Program: 2 steps
- Tradable instruments: Forex, Indices, Commodities, Metals, Crypto.
FundedNext is a prop trading firm based in the United Arab Emirates, which is well known for being able to receive a share of the profits generated with them, even from the evaluation stage. This is very attractive for those who do not want to have to wait a long time to start receiving profits.
In addition, once the funding account is received, it is possible to get up to 95 % of the profits in the account, which is not very common among this type of company. And the funds they offer vary from $5,000 to $200,000, with a fee ranging from $32 to $1,099.
In order to become a beneficiary of one of these funded accounts, it is necessary to pass a challenge that consists of 2 phases of evaluation, where the objective is to reach a given profit, following the rules and conditions given for it.
More info at https://fundednext.com/
5. Elite Trader Funding
- Origin Country: United States
- Headquarters: Wilmington, Delaware, United States
- Year Founded: 2021
- User Ratings on Trustpilot: 4.2 (489 reviews)
- Balance of Funded Accounts: From $50,000 to $300,000
- Number of Steps in the Evaluation Program: 1 step
- Tradable instruments: Futures.
Elite Trader Funding is a US-based futures prop firm that is quite interesting for traders because of its various benefits, such as monthly discounts, the opportunity to trade during holidays, and so on.
In addition, Elite Trader Funding offers a 14-day trial with a $250.000 Fast Track account, with which you can understand the rules and operation of this company. It allows having up to 20 trading accounts simultaneously and profit percentages ranging from. It also has a wide repertoire of tradable instruments, including Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures, and Cryptocurrency Futures.
This proprietary trading firm offers its users different trading styles, which also include 8 different sizes of 1-step demo accounts. The types of ratings are Fast Track, End of Day Drawdown, Static Drawdown, and Diamond Hands, each with prices that vary according to their characteristics. You can use the trading platforms NinjaTrader, Tradovate, Rithmic or TradingView (check here the best TradingView alternatives).
More info at https://elitetraderfunding.com/
6. The Trading Pit
- Origin Country: Liechtenstein
- Headquarters: Vaduz, Liechtenstein
- Year Founded: 2021
- User Ratings on Trustpilot: 4.2 (445 reviews)
- Balance of Funded Accounts: From $10,000 to $150,000
- Number of Steps in the Evaluation Program: 1 step or 2 steps
- Tradable instruments: Forex, indices, commodities, cryptocurrencies, stocks and futures.
The Trading Pit is a prop firm known for offering worldwide Forex and Futures CFDs in its system. In addition to having 9 different trading platforms available and having an intuitive interface that makes it easy to handle for any user, regardless of their level of experience.
The use of this prop trading company as a means of trading brings several advantages over its competitors, such as the affordable trading prices they handle, the number of financial instruments to use together with more than 500 CFDs, the plan to add in the future the possibility of trading crypto and stocks, and educational resources that motivate and encourage users to learn and improve their strategies.
At The Trading Pit, there are 4 different types of accounts, which are Lite, Standard, Executive, and VIP accounts. Each of these accounts has a different size and a different subscription fee, with the Lite being the cheapest. Also, it is important to note that the registration is fully refundable if you pass the assessment challenges; otherwise, no refund is given.
More info at https://www.thetradingpit.com/
7. Take Profit Trader
- Origin Country: United States.
- Headquarters: Orlando, Florida – United States
- Year Founded: 2022
- User Ratings on Trustpilot: 4.5 (2.212 reviews)
- Balance of Funded Accounts: From $25,000 to $150,000
- Number of Steps in the Evaluation Program: 1 step
- Tradable instruments: Futures.
Take Profit Trader is a prop firm for futures that stands out for having a one-step evaluation process, so it is considered quite accessible. It has different funded account sizes, being able to have accounts up to $150,000. Also, it is possible to choose the trading software to use, and there is the possibility of using multiple accounts simultaneously.
Among the benefits that we can find when associating with this prop firm are the low subscription costs, the freedom to request payments at any time, the speed with which withdrawals are made, or the existing offers to use NinjaTrader or Tradovate.
To acquire one of Take Profit Trader’s funded accounts, you only have to pay one of the evaluation fees, knowing that the most expensive one does not exceed $400, making it a really attractive option. Then, you have to complete the one-step test, and you will be able to start trading with any of the futures instruments that this company offers, which are equity futures, foreign exchange futures, agricultural futures, energy futures, interest rate futures, or metals futures.
More info at https://takeprofittrader.com/
8. FXIFY
- Origin Country: UK
- Headquarters: London, UK
- Year Founded: 2023
- User Ratings on Trustpilot: 4.2 (2.511 reviews)
- Balance of Funded Accounts: From $5,000 to $400,000
- Number of Steps in the Evaluation Program: 1, 2 or 3 steps
- Tradable instruments: Forex, Indices, Stocks, Crypto.
FXIFY is a prop trading firm based in London, which, thanks to the fact that it has a partnership with FXPIG, a broker that has been on the market since 2011 and maintains a good reputation, has a wide range of tradable instruments, and good features compared to its competitors.
In order to be accepted by this proprietry company and be able to trade with one of their funded accounts, it is necessary to pass one of the evaluations they have available. FXIFY offers accounts that can be 1, 2, or 3 phases, each with a different fee to be paid, depending on the size of the account you wish to obtain. These subscription amounts can be a little higher than average, with the highest fee being $2,000 for the $400,000 account.
Arguably among its biggest competitive advantages are its permissive rules that basically allow you to trade your way, its general trading conditions, and its neat interface with clearly detailed rules and documentation. Finally, excellent user support to clarify and resolve any kind of doubt.
More info at https://fxify.fxpig.com/
9. E8 Markets
- Origin Country: United States.
- Headquarters: Dallas, United States.
- Year Founded: 2021
- User Ratings on Trustpilot: 4.7 (1,961 reviews)
- Balance of Funded Accounts: From $5,000 to $400,000
- Number of Steps in the Evaluation Program: 1 step, 2 steps, 3 steps.
- Tradable instruments: Forex, Commodities, Indexes, and Cryptocurrencies.
E8 Funding is a relatively new proprietary trading company, having been founded in 2021. It has 4 different types of funded accounts, has competitive leverage compared to other companies, and its accounts are scalable, allowing you to have a balance of up to $1,000,000.
Having an account with E8 Funding is beneficial in that they do not require a minimum number of trading days, the ability to use MetaTrader4 or MetaTrader5, the evaluation fee is refundable upon approval, a 14-day free trial, and a large repertoire of tradable instruments.
There are 3 types of accounts available in this brand, which are the E8 Account, the E8 Track Account, and the ELEV8 Account. In addition, you can receive 80% of the profits generated with your funded account.
More info at https://e8markets.com/
10. Goat Funded Trader
- Origin Country: Spain
- Headquarters: Las Palmas, Spain.
- Year Founded: 2023
- User Ratings on Trustpilot: 4.1 (2.222 reviews)
- Balance of Funded Accounts: From $2,500 to $200,000
- Number of Steps in the Evaluation Program: Instant funding, 2 steps.
- Tradable instruments: Forex, CFD indices, metals, commodities, equities, and cryptocurrencies.
All those users who at some point have wanted to work with large capitals surely know Goat Funded Trader. This is a proprietary trading firm, based in Spain, that allows traders to handle large amounts, up to $800,000 in accounts that are simulated.
It has multiple benefits, such as the ability to make evaluations without having a time limit, which allows traders to be more comfortable and meet their goals at their own pace. Also, it is of great help for the Hispanic public to have a company based in Spain that handles the Spanish with security.
This prop firm has 3 types of accounts, which are the Goat, No limit, and swing, which work with a 2-stage evaluation. And there is a 1-stage evaluation, which is managed with the No Limit account. These accounts have an advanced analysis of your performance as a trader, which allows you to adjust your strategies and achieve methods that work best for you in terms of profit.
More info at https://goatfundedtrader.com/
11. Topstep
- Origin Country: United States
- Headquarters: Chicago, Illinois – United States
- Year Founded: 2012
- User Ratings on Trustpilot: 4.6 (4,462 reviews)
- Balance of Funded Accounts: From $50,000 to $150,000
- Number of Steps in the Evaluation Program: 1 step
- Tradable instruments: Futures.
TopStep is an American company dedicated to proprietary trading exclusively in futures trading. It offers different funded accounts to users who complete the given evaluations. In addition, it allows you to keep 100% of the first $10,000 profit you make on your account.
A great benefit provided by this company is to provide free educational content and advice to users who operate with this firm, in addition to having an efficient support system. It also has an affiliate program, where you can earn extra income with your referrals, and accounts are available in 10 different base currencies.
The evaluation to obtain a funded account has 2 different phases. The first one, called Trading Combine, has 3 types of accounts, which are $50,000, $100,000, and $150,000. The second phase, called the Express Funded Account, is a kind of hybrid between the demo account and the real account, with the advantage that you can make profits as if it were the real account.
More info at https://www.topstep.com/
12. Funding Pips
- Origin Country: United Arab Emirates
- Headquarters: Dubai – United Arab Emirates
- Year Founded: 2022
- User Ratings on Trustpilot: 4.4 (15.187 reviews)
- Balance of Funded Accounts: From $5,000 to $100,000
- Number of Steps in the Evaluation Program: 1 step, 2 steps, 3 steps.
- Tradable instruments: Forex, Crypto, Indices, Metals & Energies.
Funding Pips is a proprietary trading firm that is based in the United Arab Emirates and was founded in 2022. This company provides different funding accounts in which you can trade various instruments, such as Forex, indices, and cryptocurrencies. This firm is of great accessibility as the commission for its funded accounts is really low, with initial costs starting from $32.
In addition, it has a really attractive scaling plan, where depending on the performance you demonstrate in you account, it can increase your account balance by up to 20%. Also, it is known for not imposing limits on the number of trading days to follow, which gives freedom to its users to adjust in their way.
This prop firm has an evaluation process that consists of 1 stage, 2 stages, or even up to 3 stages. Through these tests, it will be determined if the user is suitable to manage any of the accounts. If accepted, you will have access to a funded account where you can trade any of the available instruments.
More info at https://fundingpips.com/
Conclusions
Despite the large number of proprietary trading firms out there and the amazing features that each of them has, it is really important to make sure that you choose the right company so that you don’t waste time and money.
First, you need to research the reputation of the prop trading company so that you know what the users’ opinions are on forums and websites. Then, you should analyze the distribution of benefits offered, always trying to choose the one that best suits you. You have to corroborate that the tradable instruments that the platform allows are the ones you are interested in.
And, finally, it is always a plus to have training within the prop firm and good customer service, to resolve and clarify any doubts that may arise along the way.
It is also important to understand that the financial activity provided by these companies is legal, but sometimes they are not regulated by a body in charge of this. Therefore, you should pay special attention to which company you are contracting with and the regulations to which it may be subject.
However, these best prop firms are a great opportunity for those who do not have a large amount of capital to invest, and, as long as you have the necessary knowledge or the willingness to learn, it is an option that is worth considering.
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