Editor choice

Prop Firms That Allow EAs

If you are looking for prop firms that allow EA trading, then you have come to the right place. We have reviewed and rated all of the best prop firms for trading with expert advisors and complied our findings in this article.
Prop Firms That Allow EA Trading

Prop Firms That Allow EAs

What are Expert Advisors (EAs)?

Expert advisors or EAs for short, are automated trading strategies that have been developed to trade automatically in the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. They are often referred to as trading robots, with forex robots being some of the most popular expert advisors for prop trading. Aspiring prop traders are looking to use prop firm EAs such as the Forex Flex EA to pass trading challenges and get a funded account.

Prop Firms That Allow EAs

How do Expert Advisors Work?

Prop firm expert advisors can analyse the trading instrument charts that you attach them to in the MetaTrader platforms for trading signals. Each EA will have a unique trading strategy that is programmed into its algorithm. When the EA finds a buy or sell signal according to the built-in strategy, it can place and manage trades on behalf of the user. We have tried and tested some of the best prop firm EAs if you are looking for some inspiration.

Prop Firms That Allow EAs


Our Top Prop Firms For EA Recommendations

Best seller 1 FTMO Review

FTMO Review

FTMO is an award-winning prop trading firm where you can take part in challenges to qualify to trade the company’s capital and receive up to $2 million in funds and keep 90% of profits. The company provide you with support along the way and will even cover the losses.
9.3
Best price 2 The Funded Trader Review

The Funded Trader Review

The Funded Trader is a popular prop trading firm where aspiring traders can potentially unlock up to $600k accounts to become professional traders and earn a 90% share of the profits.
9
3 SurgeTrader Review

SurgeTrader Review

SurgeTrader accelerates your path to becoming a professional trader by putting real capital into live accounts for you to trade. They have a good variety of funded trader programs where you can keep up to 90% of the profits if you successfully pass the audition phase and scale up to $500K.
9
4 E8 Funding Review

E8 Funding Review

E8 Funding give you the funds and take the risk for you to trade. They have a simple 2-phase evaluation process which gives you access to manage up to $1,000,000 in trading funds and an 80% profit share once complete.
8.7

Prop Firms That Allow EAs

Comparison Table of Prop Firms That Allow EAs

Prop Firms That Allow EAs

FTMO

FTMO is our top prop firm that allows EA trading. You have total control over your trading approach with them. They have no justification for limiting or restricting your trading approach, including algorithmic trading, EAs, hedging, discretionary trading, etc. There are no restrictions on your trading style or plan as long as it is legal, complies with current market circumstances, and can be replicated on real funded accounts. FTMO provide funded accounts up to $2,000,000 with an industry leading 90% profit split. You can use the MT4, MT5, and cTrader trading platforms with liquidity provider data if you also trade as a retail trader.

Even your choice of trading instruments or position size is unrestricted by FTMO. All the instruments and resources that are accessible on your trading platform (forex, indices, commodities, stocks, cryptocurrencies, etc) can all be traded with expert advisors. You have total freedom with this prop firm and they will be pleased to see you benefit alongside them if your system is successful while adhering to the trading rules.

FTMO Conditions
FTMO Conditions

If you plan to employ trading robots (also known as expert advisors, or EAs) be aware that if you use an EA from a third party, other traders may already be utilising the same EA and, consequently, the exact same method. If you use a third-party EA and go above the maximum capital allocation limit, you can run the risk of having your FTMO Account rejected.


Please be aware that platform servers can only handle 200 orders at a time and a maximum of 2000 positions per day, as well as restricted server communications (orders and order revisions such updating TP/SL and updating limit orders). They may notify you and request that you modify the EA logic or strategy settings if your EA produces excessive activity on a platform server.

You should also be cautious of risky trading strategies that have little in common with consistent and informed trading. FTMO retain the right to take the necessary steps to reduce risk if they discover deliberate actions or a Modus Operandi being used on numerous accounts. This might take the form of eliminating the opposing positions, rebalancing the account, lowering leverage, or closing the account entirely and stopping all of their collaboration. As with any prop firm, you should trade ethically and demonstrate your competitive advantage and exemplary consistency for them to give you a funded account.

Pros
  • 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
Cons
  • 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
9.3
FTMO Review

FTMO Best seller

FTMO is an award-winning prop trading firm where you can take part in challenges to qualify to trade the company’s …

Prop Firms That Allow EAs

E8 Funding

Whether it be algorithmic trading, expert advisors, hedging, or discretionary trading, E8 Funding do not restrict or limit your trading approach. You may use whatever trading tools you choose and have complete total control over your trading strategy. There is no restriction on your trading style or method as long as it is legal, complies with current market circumstances, and can be replicated on live funded accounts.

Even your choice of trading instruments and position sizes are unrestricted by this prop firm. There is just one prohibition on using high frequency expert advisors or abusing the market feed. To ensure that the risk is dispersed, they only let individual strategies to be developed by each trader Therefore, they do not permit many traders trading for E8 to employ the same EAs or algorithms.


E8 Funding Website
E8 Funding Website

As long as you use proper risk management and abide by all trading goals and rules, you are free to trade any instruments or assets that are offered by your trading platform. E8 Funding currently offer MT4/MT5 web trader, IOS and Android app as well as MT4/MT5 desktop applications. You will need the desktop MetaTrader platform to run expert advisors. You could also rent a virtual private server (VPS) to run your automated trading strategies 24/7 without needing your own computer running.

E8 Funding provide global Forex and CFD traders with funding using a cutting-edge technology. They are also traders that are passionate about finding undiscovered trading talent that want to pass trading challenges to qualify for a funded account. E8 Funding has made an effort to develop distinctive financing alternatives as well as a user-friendly path to become a qualified, funded trader, allowing prop traders to remotely manage their capital from any location in the globe. You can get access to trade up to $1,000,000 with a healthy scaling plan and 80% profit share.

Pros
  • Unlimited evaluation free retries
  • Instant account access
  • Attractive and innovative trader dashboard
  • Forex leverage of up to 1:100
  • Max capital allocation on the E8 account from 250k to 600k
  • Funded account balance up to $1,000,000 with scaling
  • Up to 80% profit share
  • No minimum trading days on regular account type
  • Allows news, overnight and weekend trading
  • Trade on the popular MetaTrader platforms
  • Free trial
Cons
  • 5% Maximum daily floating loss
  • Not the lowest fees
8.7
E8 Funding Review

E8 Funding

E8 Funding give you the funds and take the risk for you to trade. They have a simple 2-phase evaluation process which …

Prop Firms That Allow EAs

SurgeTrader

SurgeTrader are another prop trading firm that do not limit your trading style or strategy, in any way. Whether your strategy involves discretionary trading, hedging, algorithmic trading, or anything else, you can use it with SurgeTrader. The only requirements are adherence to the trading rules which are simple and fair. They have realistic profit targets with generous maximum drawdowns and daily loss limits.

Traders can execute trades on a variety of CFD market instruments — including Forex, cryptocurrency, metals and energy, stock indices and lots of individual stocks. You can choose between Eightcap MT4 and Eightcap MT5 — all offered through their partner broker EightCap, which are considered the universal platforms in the over-the-counter trading industry. MT4 and MT5 accounts trade on the Raw account types at Eightcap which have excellent trading conditions including tight spreads, low fees and quick trade execution speeds.


SurgeTrader Programs
SurgeTrader Programs

SurgeTrader provides funding to traders, allowing them to increase their trading profits. Trades must first pass an audition to prove they have the knowledge and discipline to be successful traders in order to become funded by SurgeTrader. Traders will receive a funded account of up to $1 million when the transaction is completed. 90% of the profit that traders make is kept in their funded account. All of this and more make SurgeTrader one of our top forex prop firms.

Pros
  • 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
Cons
  • 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 ​
9
SurgeTrader Review

SurgeTrader

SurgeTrader accelerates your path to becoming a professional trader by putting real capital into live accounts for you …

Prop Firms That Allow EAs

The Funded Trader

Expert advisors (EA’s) are permitted on The Funded Trader Royal account. You can use as many indicators as you want for manual trading because indicators are not expert advisors. Although one indicator is completely acceptable, no EA or script may follow more than one indicator.

50K100K200K400K
Account Balance$50,000$100,000$200,000$400,000
Challenge Leverage1:2001:2001:2001:200
Minimum Trading Days5555
Phase 1 Target (35 Days)$4,000 USD (8%)$8,000 USD (8%)$16,000 USD (8%)$24,000 USD (8%)
Phase 2 Target (60 Days)$2,500 USD (5%)$5,000 USD (5%)$10,000 USD (5%)$15,000 USD (5%)
Max Loss$5,000 USD (10%)$10,000 USD (10%)$20,000 USD (10%)$30,000 USD (10%)
Max Daily Loss$2,500 USD (5%)$5,000 USD (5%)$10,000 USD (5%)$15,000 USD (5%)
Expert AdvisorsYesYesYesYes
Profit Split80% | 90% with Scaling80% | 90% with Scaling80% | 90% with Scaling80% | 90% with Scaling
Drawdown TypeEquity & BalanceEquity & BalanceEquity & BalanceEquity & Balance
Refundable Fees$289 USD$489 USD$939 USD$1,399 USD
The Funded Trader Royal Challenge

It’s crucial to remember that when using prop firm EAs on the Royal Account, you must also adhere to all of the Terms of Service’s other rules, including but not limited to:

  • Prohibited Trading Strategies
  • Copy Trading from Third Party Signals
  • Account Management Services
  • Arbitrage Trading (Latency or Reverse)
  • Grid Trading
Pros
  • 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
Cons
  • No free trial
  • Very strict trading conditions
  • Funded with demo account and virtual funds
  • Lack of educational content
  • Overwhelming rules and restrictions
9
The Funded Trader Review

The Funded Trader Best price

The Funded Trader is a popular prop trading firm where aspiring traders can potentially unlock up to $600k accounts to …

Best Futures Prop Firms


Final Thoughts

If you are thinking about passing a prop firm trading challenge to get a funded account, then expert advisors can be a great way to try and to it automatically. This can save you the time and money it requires to learn how to become a profitable manual trader. That being said, you should always check to make sure that the prop trading firm you are considering does allow automated trading with EAs. If they do, you will want to make sure that the prop firm EA has the relevant settings that can be adjusted in order to make sure that it complies with the trading rules and can reach the challenge objectives.

If you want to try a prop firm challenge with an EA, please feel free to download our free prop firm EA. It is designed specifically with prop trading in mind, including adjustable settings for money management, trading days, trading hours, maximum drawdown and much more. Whatever prop firm EA you choose, it is important to make sure that you understand exactly how it works. You can always test the expert advisor on a demo account to begin with before using it for a trading challenge or trading on a funded account.

Prop Trading Firms

Prop Trading Firms

ProprietaryFirms.com is a website dedicated to reviewing prop trading firms. With an increasing demand of aspiring traders who are looking to get a funded account, there are more and more prop trading firms popping up nowadays. We can help traders to find the prop firms that meet their needs.

ProprietaryFirms.com
Logo