FTMO has become a leading name in proprietary trading, offering traders the opportunity to manage large accounts after passing an evaluation process. However, there are several compelling FTMO alternatives that may better suit different trading styles, goals, and preferences. Firms like The5ers, Topstep, My Forex Funds, and Earn2Trade provide unique features such as more flexible evaluation processes, competitive profit-sharing terms, and access to various trading instruments. Whether you’re focused on forex, futures, or seeking better scalability options, these firms offer valuable opportunities for traders to unlock their potential and trade with firm capital.
1. The5ers
Overview:
The5ers is another prominent proprietary trading firm offering funded trading opportunities for forex traders. Similar to FTMO, it provides traders with the chance to trade firm capital after passing an evaluation phase. However, The5ers differentiates itself by offering unique account types and a more flexible payout structure.
Key Features:
- Evaluation Process: Unlike FTMO’s two-phase challenge, The5ers provides a more straightforward approach with a focus on risk management and consistency.
- Account Types: The firm offers two main options: the Standard Account (with a lower evaluation cost and smaller profit targets) and the Pro Account (offering higher profit splits and more leverage).
- Profit Share: Traders can earn a 50% profit share in the initial stages, which increases as they hit higher profit targets.
- Scaling Plan: The5ers provides a scaling plan where traders can increase their capital as they demonstrate consistent profitability.
Why Choose The5ers?
The5ers is an ideal choice for traders seeking more flexibility in their evaluation process and a scaling plan that rewards consistent traders over time.
2. Topstep
Overview:
Topstep is a well-established proprietary trading firm offering a similar evaluation process to FTMO but with a focus on futures trading. They are known for their excellent educational resources and strong support system for traders.
Key Features:
- Evaluation Process: The two-step evaluation process includes a simulated trading phase where traders must meet profit targets while maintaining risk management guidelines.
- Futures Trading Focus: While FTMO specializes in forex, Topstep is primarily focused on futures and offers traders access to a wide range of futures markets.
- Training and Support: Topstep provides extensive training resources, including webinars, articles, and coaching to help traders improve their skills.
- Profit Share: Traders who pass the evaluation phase receive a profit share of 80%, with a chance to increase the share based on performance.
Why Choose Topstep?
Topstep is an excellent FTMO alternative for those interested in futures trading. With its strong educational support and user-friendly platform, Topstep is ideal for traders seeking to improve their skills while trading on firm capital.
3. The Funded Trader
Overview:
The Funded Trader is a rising star in the prop trading world, offering forex and futures traders the chance to trade with firm capital. It serves as an excellent FTMO alternative, with competitive evaluation fees, profit-sharing terms, and flexible account sizes.
Key Features:
- Evaluation Process: The Funded Trader offers a multi-step evaluation process that’s designed to be trader-friendly. The firm’s goal is to find traders who are consistent and skilled in managing risk, making the evaluation process more focused on long-term profitability rather than quick wins.
- Profit Share: The firm offers an attractive profit share that starts at 75% and can increase up to 85% for high-performing traders.
- Account Types: The Funded Trader provides several account sizes, ranging from smaller accounts to larger ones, allowing traders to select the option that suits their needs and trading strategies.
- Scaling Plan: Similar to FTMO, The Funded Trader offers a scaling plan, allowing traders to increase their account size as they demonstrate consistent profitability.
Why Choose The Funded Trader?
The Funded Trader is a strong alternative to FTMO, offering lower evaluation costs and a flexible profit-sharing model. It is ideal for traders looking for more competitive profit splits and a scaling plan that rewards consistent performance.
4. Earn2Trade
Overview:
Earn2Trade is another strong contender in the world of prop trading firms, offering evaluations for both forex and futures traders. The firm is known for its transparent and well-structured programs, along with an emphasis on trader education.
Key Features:
- Evaluation Process: Earn2Trade offers a two-step process for traders to prove their skills, where they must hit profit targets and maintain risk management criteria.
- Account Types: Earn2Trade offers both forex and futures trading evaluations, with multiple account sizes and risk profiles to choose from.
- Profit Share: Traders who pass the evaluation process can earn up to 80% profit share, with potential for increased splits based on performance.
- Education and Resources: Earn2Trade provides a wealth of educational resources, including courses, webinars, and trading tools.
Why Choose Earn2Trade?
Earn2Trade is a great FTMO alternative for traders who want to focus on futures trading, with a well-structured evaluation and strong support system. It’s particularly beneficial for those looking for educational resources to develop their trading skills.
5. City Traders Imperium (CTI)
Overview:
City Traders Imperium (CTI) is a newer but rapidly growing proprietary trading firm that provides traders with the opportunity to trade forex using firm capital. They offer a similar evaluation process to FTMO but with a few unique features that might appeal to certain traders.
Key Features:
- Evaluation Process: CTI offers a simple, one-phase evaluation that emphasizes consistent profitability over a longer time frame. The process is designed to be more trader-friendly compared to other firms.
- Profit Share: The firm offers a 70% profit share for successful traders, with the possibility of scaling up the account to significantly larger sizes.
- Account Types: CTI offers various account sizes, ranging from $10,000 to $100,000, allowing traders to choose an account that best suits their trading goals.
- Scaling Plan: Like FTMO, CTI provides traders with the ability to scale their accounts based on performance.
Why Choose City Traders Imperium?
CTI stands out for its one-phase evaluation process and offers favorable profit-sharing terms. It’s an excellent option for traders who prefer a straightforward evaluation process and want to scale quickly.
Conclusion
FTMO has set a high standard in the prop trading industry, but traders have several viable alternatives to consider. Whether you’re looking for lower evaluation fees, more flexible scaling plans, or access to a wider range of trading instruments like futures, these alternatives offer valuable opportunities for traders to thrive in the prop trading space.
Each of the firms mentioned above provides unique benefits, so it’s essential to assess your trading style, goals, and preferences before choosing the one that best aligns with your needs.
