Forex Prop Trading Firms will fund your account, let you put your trading plans into action, and give you a share of any profits that you generate. For the majority of forex prop firms, you must first pass a trading challenge which is usually a one or two step process. During each step of the evaluation, you will need to achieve certain trading objectives such as profit targets, maximum loss and minimum trading days. There are also prop forex firms that will give you an instant funded account if you can show them that you already have a successful forex strategy with a proven track record of verified results. We have researched and compared all of the top forex prop firms and handpicked a few of our best prop firms for trading forex.
FTMO allows you to trade practically all financial products and also provides some of the best profit splits in the industry. They employ more over 10,000 traders worldwide, making them arguably the biggest prop trading company in the world.
The excellent reputation of FTMO is for a good reason. They never miss a deadline for payments, and they never make mistakes when it comes to funding forex accounts. The greatest profit splitting rate in the sector is 90%, based on a sliding scale that starts at 80%.
They not only provide fantastic scaling prospects, but they are also highly cost-effective. One of the two phases of the evaluation process, the FTMO Challenge, gives traders access to up to $400,000. If you produce a 10% net profit over a predetermined period of time, FTMO will gradually increase your funding up to a maximum of $2 million. Since FTMO is aware that it requires money to make money, funding their traders appropriately is a critical component.
Almost every financial market you can imagine can be traded at FTMO. If you are an expert in one market, you can trade equities, futures, metals, currencies, and futures. FTMO lets you trade anything, in contrast to many prop trading companies that are solely concentrated on a small number of marketplaces.
They provide good educational resources in addition to excellent trading platforms. Their expenditure in cutting-edge commerce tracking technology is largely to blame for this. FTMO’s apps allow you to monitor your trading progress and get immediate feedback.
As part of their dedication to supporting their traders, FTMO hires qualified psychologists. Although it is commonly acknowledged that psychological aspects of trading play a significant role in trading success, FTMO is one of the few prop firms to provide such support.
The evaluation’s standards are quite conventional, although they recently made some changes to ease the process. Your profit targets for Step 1 are 10% over 10 trading days, and the maximum permissible losses on a $10,000 account are $1,000. However, Step 2’s profit target has been reduced to 5%, which significantly lessens the pressure to trade.
One of the most reasonably priced, reputable prop companies is FTMO. Prices start at just €155 for an account that has $10,000 in funding. If you succeed in the two-step evaluation procedure, you will receive a complete refund of this one-time cost.
- One-time fee only (no recurrent charges or other fees)
- No limits or restrictions on your trading style
- Choice of platforms (MT4, MT5, cTrader)
- Access to some handy trading apps designed to help you with risk management and profit maximization
- Trade Forex, Commodities, Indices, Crypto, Stocks, Bonds
- No limits on the volume traded (lot size)
- Leverage up to 1:100
- FTMO’s scaling plan allows their most skilled traders access to up to $2 million of trading capital
- A thorough account analysis for every account
- The fee will be reimbursed to you with the first Profit Split
- Customer Support in 17 languages
- The most trusted and reputable Prop Trading Firm in the industry
- So many traders have used FTMO over the years that there is an incredible amount of trader-generated resources available, including lots of great advice on how to pass the FTMO Challenge
- Strict requirements for the test period
- Steep 10% profit target for the first step of the FTMO evaluation, however, it eventually drops to 5% for the second verification stage
- FTMO keeps all traders on demo accounts, even those that have passed the FTMO Challenge and become fully funded
- In order to receive a funded account, traders must first pass the FTMO Challenge, followed by a verification stage
To funded traders that satisfy their trading requirements, SurgeTrader offers 75% profit splits. You can diversify your investing portfolio with a range of tradeable assets with this prop business.
In contrast to many other prop trading companies, SurgeTrader uses a one-step review procedure. There are six packages available for traders of all ability levels. You receive an immediate funding of $25,000 and a 10% profit target as part of its Starting Package. A maximum trailing decline of 5% is permitted. For newcomers who prefer employing less aggressive trading tactics, the Beginning Package is perfect.
The Master Package, with a financing capacity of $1 million and a profit split of 75%, is the highest-tier account. A 10% target, a 4% daily loss cap, and a 5% maximum drawdown allowance are all established. This package might be ideal for you if you have high self-confidence.
This prop business also provides a large range of tradeable securities, such as gold and cryptocurrencies, as well as well-known stock indexes. Trading with leverage up to 10:1 is possible.
SurgeTrader, a renowned proprietary trading firm, evaluates each of its clients. SurgeTrader requires a one-step evaluation that you must pass. You don’t have to earn more than 10% of your account balance to get through the audition.
The cost of an audition per account ranges from $200 to $6,500. You may attempt the audition as many times as you like. To make payments and withdrawals, you can use PayPal and credit/debit cards.
- Simple, straightforward trading rules
- No minimum trading days
- No 30-day assessment period
- Scale up from $25K all the way to $500K
- One-Time fee with no ongoing costs
- No restrictions on trading strategies
- 1 step evaluation process
- Good choice of trading instruments
- Trade on both MT4/MT5 platforms
- Handy trader dashboard
- Realistic profit target set at 10% of the total account balance
- After passing the audition you will start trading directly on a live account, with real profits and losses taken by the company, no demo accounts
- You will have access to a free 30-day membership with BKForex, which includes daily trading signals, tools, indicators, webinars and more
- Quick withdrawals and no minimum or maximum amount restrictions, which can be requested at any time once a month
- Very generous profit share that goes all the way up to 90%
- Free trial of the audition upon request
- A stop-loss is required for each trade
- All positions must be closed on Friday
- Maximum open size of 1 lot per $10,000 of the account balance
- 5% maximum trailing drawdown
- Low leverage 10:1, 5:1 and 2:1
A growing number of prop traders are turning to The Funded Trader because of their confirmed payouts, reachable profit goals, generous drawdown limits, high leverage, and affordable rates.
This well-liked forex prop firm has a lot to offer. They rank among the best prop trading firms in the business for price points. For a one-time price of $315, you can get a $50K account. If you pass the test, you’ll get all of your money back.
With such competitive pricing, it would be reasonable to anticipate some concessions in other areas, yet Funded Trader rival’s industry leaders in terms of payout percentages (80%–90%), scalability opportunities (up to $1.5 million), and profit goals (5% for the first stage and 10% for the second)).
In fact, the Funded Trader programme performs better than its rivals in several important areas. The maximum loss amount is a fairly generous 12%, and the daily maximum loss is 6%. Such distinction, particularly in choppy markets, may represent the difference between passing or failing an evaluation and continuing to trade the next day.
A Fast account is available from The Funded Trader, which doesn’t require any minimum trading time throughout the evaluation phases. The Standard account simply needs five evaluation days to complete the evaluation rounds. If your profit goals are reached, you might become a funded trader in just a few days.
If you’re a bit more cautious, the Funded Trader will allow you a little more time to attain your profit goal. Even the most persistent traders should have enough time to finish the first stage in 35 days and the second in 60.
The Funded Trader also has leverage to its benefit. While trading forex, rapid accounts provide leverage of 100:1. Much more than the Basic account, Standard accounts provide leverage of 200:1. Naturally, achieving profit goals is much simpler when you have such a large purchasing power.
- Maximum balance of standard accounts up to $600,000
- Scaling plan with balance up to $1,500,000
- Arranges exciting events, rewards and competitions
- High leverage for trading forex up to 1:200
- Achievable profit and drawdown targets
- 90% profit split on scaling plan
- Unlimited evaluation free retries
- Large range of trading instruments
- Overnight and weekend holding allowed
- Good variety of challenges to choose from
- Trade on both the MetaTrader 4/5 platforms
- No free trial
- Very strict trading conditions
- Funded with demo account and virtual funds
- Lack of educational content
- Overwhelming rules and restrictions
The 5%ers prop firm offer excellent trader assistance, immediate funding, and quick account scaling. They have a fantastic range of materials for trader education and timely, precise payouts. You have quick access to actual capital thanks to the 5%ers.
The 5%ers, a prop trading company, has one of the best evaluation procedures in the industry. The 5%ers still have an assessment phase called Level 1 even though they offer rapid funding upon qualification. However, you can still make actual gains and engage in real trading while conducting your evaluation.
Trading with real money is immediately possible. You can fund an account with up to $20,000 depending on the size you select. You divide the earnings and turn into a fully funded trader if your profit targets are met in less than 180 days. Your starting balance will increase four times after you reach full funding as a trader.
While providing considerable money, the 5%ers don’t make it difficult for traders to meet their profit goals. You only need a 6% profit to leave Low Risk accounts. The fact that there is no obligation for a minimum trading day is the nicest feature. You’ll be eligible for full funding if you make 6% on your first day of business. Theoretically, you could begin trading as soon as a few days after creating an account with as much as $80,000.
The 5%ers don’t have too many restrictions for trading techniques, despite the fact that they solely offer forex trading. Trades may be held on weekends and overnight.
The 5%ers not only provide a fantastic scaling programme, but also a fantastic mentorship programme. Every time you meet the 10% profit target, the corporation will double your capital up to a maximum of $2.56 million.
The 5%ers’ trading aid, camaraderie, and customer service are cited as benefits in the majority of web reviews. The 5%ers have quickly amassed a following of devoted traders who value their general assistance. Also, funded forex traders have unlimited flexibility regarding when, how much, and how often they withdraw profits.
- Instant funding in real accounts
- Frequent payouts and growth simultaneously
- Exceptional trading conditions
- Traders community
- All trading strategies are welcome
- Very fast growth plan
- No time pressure on the funded trader program
- One time fee with no ongoing costs
- Trading resources and tools
- Excellent MetaTrader 5 platform
- Scale up to $4M
- News trading and EA allowed
- Overnight and Weekend holding allowed
- Multiple accounts allowed
- Limited leverage options – 1:6 for low-risk accounts and 1:30 for aggressive accounts
- 2% Max stop loss risk limit on low-risk and $100k Bootcamp account types
- No MetaTrader 4 platform
- Could add some more trading instruments such as cryptos
- Not the largest profit share of 50%
- No free trial
The Gauntlet Program, The Gauntlet Mini, and the brand-new Trader Career Path Program are the three unique funded trading programmes offered by Earn2Trade.
The Gauntlet programme requires a one-time payment. A $25,000 virtual account is managed by traders for 60 days, during which time they are required to trade on at least 30 days and at least once each week. Successful candidates will get a guaranteed funding offer if they adhere to the rules and achieve the 10% profit target.
The Gauntlet Mini is a programme comparable to Topstep Futures and Topstep FX. Traders are required to abide by the rules and pay a monthly fee. The monthly cost covers access to Journalytix, webinars, and trading classes (TM). A funded trading account will then be offered to qualified traders.
The Trader Career Path is the newest curriculum offered by Earn2Trade. If they pass the Evaluation, traders are provided with a $25,000 real money account in addition to their starting $25,000 virtual capital account. Traders can advance their careers in trading and manage assets up to $200,000 after the Assessment without having to pay a monthly subscription fee.
With nearly 20 alternatives, Earn2Trade offers the widest selection of trading platforms, including NinjaTrader and Finamark, R|Trader, and MultiCharts.
- Fast track to becoming a professional trader, shortest completion time is 15 trading days
- One stage evaluation with simple and transparent rules
- Choose your own virtual account size ranging from $50,000 to $200,000
- 80% profit on withdrawals for traders
- Complimentary 60 day access to Journalytix™ with your account ($78.00 value)
- Lots of educational material including videos, webinars and ebooks
- Full access to Earn2Trade’s educational material during your subscription
- Free NinjaTrader license during your evaluation
- Often run discount promos
- One of the longest running prop firms
- Data fees once funded (fairly normal amongst prop firms)
- 15 trading days to pass is one of the longest in the industry
- No forex trading in Gauntlet programs
- Recurring fees in Gauntlet Mini
- Some popular platforms, such as MetaTrader 4 or 5, are not supported
- Cannot hold positions overnight
- Copy trading is not allowed
- No free trials
Fidelcrest has a solid track record and has more than 6,000 traders worldwide. Performance coaching, million-dollar account sizes, and up to a 90% profit split are all provided by the business. Fidelcrest is also providing three benefits for a brief period of time, including a second chance challenge, fast track qualifying, and double assets.
You may trade forex using real money with Fidelcrest, and they provide the largest profit split in the market. After your two steps of review, Fidelcrest will make a meaningful investment. Fidelcrest excels in terms of tradeable assets as well. Commodities, indices, and stock shares can all be traded in addition to FX.
Fidelcrest are one of the only forex prop trading firms that pays you a commission during the review process is Fidelcrest. Once you successfully complete the second evaluation stage, you can collect up to 50% of your earnings. You’ll earn an extra 80–90% as a financed Fidelcrest trader.
No other firm can compare to Fieldcrest’s array of account possibilities. No matter what your risk tolerance, trading technique, level of experience, or financial constraints are, there is an account that will satisfy your demands. Pro Accounts, Aggressive Accounts, and Micro Accounts are the three different categories of accounts. Aspiring prop traders can open an account starting with $10,000 in funds and going all the way up to a $1 million account with a solid scaling plan.
- You can receive up to $400,000 funding
- Leverage of up to 1:100 available
- Fidelcrest pays out 80–90% of profits to funded traders
- Fidelcrest has no minimum trading days for either stage of its evaluation
- If you pass the second stage of your evaluation, you will receive a bonus payout, up to $30,000
- Trade forex, stocks, commodities, metals, and crypto
- Regardless of your experience level, risk preferences, or strategy, you can find the ideal account for you
- Professional traders can sign up for a Pro Account with a $1 million initial account balance
- 5% profit target in phase 1 and phase 2 (Micro Trader accounts)
- Successful traders have the opportunity to double their initial capital with the scaling program
- MetaTrader 4 platform only
- Fidelcrest calculates your max loss based on your highest account balance, not on your initial balance
- Strict trading rules and conditions
- No educational content provided
- Phase 2 of the evaluation has tighter trading parameters than the Trading Challenge
- Almost overwhelming number of account options to choose from
- Do not have a free trial
The foreign exchange market (forex market) is the world’s most traded market, with a turnover in the trillions every day. Forex is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide. Unlike other financial markets, there is no centralized marketplace for forex, currencies trade over the counter in whatever market is open at that time.
Trading forex involves the buying of one currency and simultaneous selling of another. In forex, traders attempt to profit by buying and selling currencies by actively speculating on the direction currencies are likely to take in the future. If a forex trader thought a currency pair was going to increase in value, they might buy it. On the other hand, if they thought the currency pair was going to decrease in value, they might sell it. The difference in price from when a forex trade is opened and closed, is the profit or loss minus any forex brokerage fees including spreads and commission.
Here are some of the key points that you need to consider for selecting the best forex prop firm:
- Check to make sure the forex prop firm has a good reputation with existing users and proven track record. You can look at prop firm reviews and evidence of profit share payouts.
- You should consider the prop firms history to make sure they have been in business for while and have a look at who is running the company.
- Think about the company’s financial power and any investment they may have had. They should have enough capital to make payouts to successful forex prop traders.
- If you are a beginner, you might want to consider a forex prop firm that provides you with a good range of educational resources including guides, videos and mentoring.
- Ask your chosen prop firm any question that you have about their forex funded accounts to see how accurate and prompt their responses are.
- Take a look at the variety of forex trading challenges and funded accounts they have to make sure they are suitable for your investment size and forex trading strategy.
There are plenty of legitimate forex prop firms although not all will provide the same quality of service. They cannot just give a funded account to anyone who asks or passes a challenge as this would be too risky. They first need to check and make sure that the prop trader was meeting the objectives whilst following all of the rules before giving them a funded account. Granted, there may be scam prop firms who claim to provide funded accounts but make the trading challenges too difficult or simply stop responding to successful traders. That is why it is so important to shop around and do your own due diligence to make sure that you only use the best forex prop firms that can be trusted. At the end of the day, it is in the interest of both parties that the trader can make profit as they will be shared between them.