What are the best prop firms for funded traders? For many experienced traders, the transition from a small personal trading account to a fully-funded forex trading account can be life-changing. There are many benefits to getting funded as long as you are willing to put the time and effort in. The funding industry is expanding faster than ever, and with all the new prop firms popping up left, right and centre, it’s becoming more difficult to choose which proprietary firm you’d like to join.
When choosing your prop firm, there are so many factors to choose from, such as account size, sign-up fees, leverage, drawdown and trading requirements. We have compiled an easy-to-understand list of the 10 best prop firms across the globe.
Please note that this blog is just a guide to the best prop firms – we strongly recommend doing your own personal research before deciding which prop firm you would like to invest your capital with.
10 Best Prop Firms For Traders
FTMO is the most well-known prop firm around and rightfully so. Over the past year, FTMO have made their mark in the industry. Great reputation, great trader support, a few options of top brokers to choose from, simple trading requirements, 70% profit share, up to $400,000 funding, and a large following! Read our in-depth review of FTMO’s funded accounts here.
BluFX are dominating the industry with their instant funding model that requires no challenge or trading history. It is as simple as signing up, paying your fee of either £99pm for a $25,000 Lite Account or £249pm for a $50,000 Pro Account. They have very relaxed trading requirements and a 50-50 profit split, making BluFX a perfect choice for traders seeking instant funding with no challenges – and no demo accounts. They also offer funding of up to $1,000,000. Read our in-depth review on BluFX funded trading accounts.
The 5%ers are one of the most highly respected prop firms in the world, and it’s for good reason. They have a great reputation, a 50% profit share, funding up to $1,280,000 and they double your account funding at every target you reach. For day traders and swing traders, you will be pleased to know that you have 180 days to reach your targets, and you are allowed to hold trades over the weekend. What more would you want? Their maximum stopout is something you might want to consider before signing up. Check out the review here.
My Forex Funds
My Forex Funds were founded recently in 2020, but they are already creating waves in the industry with funding up to $50,000 with no challenges (depending on which account you choose: they offer Rapid, Evaluation, or Accelerated). They also offer a performance challenge with no daily drawdown limit. Should you pass, you could get funded up to $200,000 to trade with and a profit split of 85%!
Lux Trading Firm
Swing traders, this one may speak to you. Lux Trading Firm is a highly recommended prop firm that offers funding up to $150,000 with no time limits, no profit targets, and a profit split of 65%. You are also allowed to hold trades over weekends. Should you have an interest in their scaling model, they offer up to $2.5m in funding.
City Traders Imperium
City Traders Imperium offer instant funding up to $2m, an entire year to pass the evaluation phase, 10% profit target, high leverage of 1:100, and any trading style welcome. They are known to have one of the fastest scaling plans ever.
Futures traders, this one may speak to you. Topstep is a top funding platform for both forex and futures traders. They have basic requirements, offer professional coaching to traders, and offer up to $500,000 in funding.
Audacity Capital, based in the United Kingdom, have been in operation since mid-2012. They offer a profit split of 50%, an excellent rapid scaling program, and no evaluation phase.
The Prop Trading
The Prop Trading offer funding of up to $200,000, with 1:200 leverage, an 80% profit split, a scaling plan and a range of forex pairs, cryptos and indices to trade with. Similar to FTMO, they have a 2-step process to get funded and a very achievable profit target of 8%, making The Prop Trading one of the most relaxed prop firms out there.
Fidelcrest mainly focuses on forex pairs only, they offer a profit split of 80% on the funded accounts. The funding available is up to $400,000, and they offer a scaling plan of up to $800,000. Each 15% profit gain means an extra 25% of the account is added over each 3-month cycle with a high leverage of 1:100.
What’s the best prop firm for me?
Many prop firms have their advantages and their disadvantages – whether it be low leverage, entry-level profit split, difficult challenges and evaluations – so it’s up to you to find the model that best suits you. Every trader is different, but our preference is those prop firms who offer instant funding with no challenges – so you can get started trading straight away. Sounds good? Choose BluFX, The 5%ers, or My Forex Funds.
I used to conduct my own research before choosing a prop firm to invest in. Fortunately, this blog captured my attention, and it served its purpose. Good information, really motivating for aspiring traders. If interested, you may also check out https://funded-traders.com to get funded.
Poul Chris Arkner
Really thank you, this helped me out. I’ve chosen 3-4 websites to put them in my list
Thank you so much for reading the article! Which firms are you looking at signing up with?
I am really impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it is rare to see a great blog like this one today..
Thank you so much Randy, I am happy to be providing valuable content to my viewers. Modified by Prop Trader yes.
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Awesome! Glad it helped you Thaddeus!
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Hey Wyatt, thanks so much, super happy that you love the humor. – Haha
Hello would you mind sharing which blog platform you’re working with? I’m looking to start my own blog in the near future but I’m having a difficult time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something completely unique. P.S Apologies for being off-topic but I had to ask!
Hello Naida, we create our blog posts through WordPress.
Really interesting post!
Thanks Jimsok, glad you enjoyed it.