Top 10 Proprietary Trading Firms - Forex Prop Reviews (2024)

Check top 10 proprietary trading firms

With so many new forex prop firms coming into the industry and funding traders all around the world, it’s becoming increasingly harder to choose which firm to get your funded accounts from. When choosing your funded account there are so many factors to think about, from your trading system to drawdown, to leverage, to trading requirements and general reputation of the prop firm.

ForexProp Reviews compiled a very simple but in-depth comparison of the worlds leading forex funding options.

Prop Trading Firm Discount Percentage (%) Discount Code/Link Prop Firm Website
Fidelcrest 15% FPR-15 fidelcrest.com
FundedNext 5% FOREXPROPREVIEWS fundednext.com
The5%ers 10% the5ers.com the5ers.com
True Forex Funds 10% CTRADER10 trueforexfunds.com
The Funded Trader 10% FOREXPROPREVIEWS thefundedtraderprogram.com
Funded Trading Plus 10% FOREXPROPREVIEWS fundedtradingplus.com
E8 Markets 10% FOREXPROPREVIEWS e8markets.com
Surge Trader 10% FPREVIEWS10OFF surgetrader.com
FunderPro 20% forexpropreviews funderpro.com
Finotive Funding 5% discount + 5% profit split increase FOREXPROPREVIEWS finotivefunding.com
FTUK 5% forexpropreviews ftuk.com
Blue Guardian 10% forexpropreviews blueguardian.com
City Traders Imperium 10% CTI10% citytradersimperium.com
Lux Trading Firm 15% forexpropreviews luxtradingfirm.com
TopTier Trader 20% 63ka5k toptiertrader.com
Audacity Capital 30% cashback / audacitycapital.co.uk
The Trading Pit 10% FOREXPROPREVIEWS thetradingpit.com
Super Funded 10% forexpropreviews superfunded.com
Bespoke Funding 10% FOREXPROPREVIEWS bespokefunding.com
MyFundedFX 10% FOREXPROPREVIEWS myfundedfx.com
Smart Prop Trader 10% FOREXPROPREVIEWS smartproptrader.com
Funding Pips 5% FOREXPROPREVIEWS fundingpips.com
Goat Funded Trader 23% FOREXPROPREVIEWS superfunded.com
TradingFunds 25% FOREXPROPREVIEWS tradingfunds.com
Forex Capital Funds 20% FOREXPROPREVIEWS forexcapitalfunds.com
Glow Node 10% FOREXPROPREVIEWS glownode.com
MyFlashFunding 23% FOREXPROPREVIEWS myflashfunding.com
Forex Prop Firm 30% FOREXPROPREVIEWS forexpropfirm.com
Direct Funded Trader 50% FOREXPROPREVIEWS directfundedtrader.com
Crypto Fund Trader 8% FOREXPROPREVIEWS cryptofundtrader.com
AquaFunded 20% FOREXPROPREVIEWS aquafunded.com
Alpha Capital Group 15% FOREXPROPREVIEWS alphacapitalgroup.com
Top One Trader 40% FOREXPROPREVIEWS toponetrader.com
RebelsFunding 20% FOREXPROPREVIEWS rebelsfunding.com
Cash Flow Funding 25% FOREXPROPREVIEWS cashflowfunding.io

FTMO

FTMO is the worlds leading prop firm and has really taken the industry by storm over the last few months with the famous $200,000 account challenge. FTMO have the best reputation in the industry, great support for traders, an 80%-90% profit share, a range of top brokers to choose from, simple trading rules and funding up to $400,000 for top traders! I have personally been using FTMO since 2018 and I have nothing but positive things to say about the firm.

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My Forex Funds

My Forex Funds is a new prop firm founded in 2020, offering traders up to $50,000 in instant funding with no challenge needed! If you fancy taking on a performance challenge, you can obtain up to $200,000 of initial funding and a profit split of up to 85% with no maximum daily drawdown limit! They have an account type for beginner traders, experienced traders and professional traders, making sure every type of forex trader is catered for!

BONUS: -5% DISCOUNT CODE: forexpropreviews5

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DT4X Trader

DT4X is a U.K based prop firm offering instant funding of up to $50,000 and a profit share of 60%. You will have monthly payouts and a 10% milestone scaling program which will enable you to be trading with $1,240,000 after just 60% profits. There is no challenge to pass, just instant funding with a 5% maximum loss, 5% profit target and 10% milestone target.

BONUS: -10% DISCOUNT CODE: forexpropreviews-staff

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Lux Trading Firm

Lux Trading Firm are a highly rated prop firm offering initial funding of up to $150,000 with a 65% profit split. As well as the initial funding, there is no time limit on hitting profit targets, weekend holding is allowed and they offer an amazing scaling program up to $2.5M, making it a perfect funding option for swing traders.

BONUS: -5% DISCOUNT CODE: forexpropreviews

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The5%ers

The5ers are one of the most highly respected prop firms in the world, and it’s for good reason. They have an amazing reputation, a 50% profit share, funding up to $1,280,000 and they double your account funding every milestone. The5ers have really realistic trading requirements, with 180 days to pass the initial challenge! Due to the long time duration and being able to hold trades over the weekend, this is the PERFECT choice for swing traders and day traders looking for funding.

The5%ers -5%Discount Link: https://the5ers.com/?ref=7909

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Surge Trader

The SurgeTrader project was born from the experience of seasoned Forex traders, brokers and venture capitalists who know that sometimes all a talented trader needs to succeed is capital and opportunity. And this became our mission: Accelerate trader funding. Help profitable traders capitalize on their success.

BONUS: -10% DISCOUNT CODE: FPREVIEWS10OFF

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City Traders Imperium

CTI are a London based prop firm offering up to $2,000,000 in funding with one of the fastest scaling plans! You have access to a 50% profit share, instant funding, 1:100 leverage, up to a year to pass the evaluation, no restrictions on trading styles and just a 10% profit milestone to reach! If you start with the $70,000 funding, by the time you have obtained a 60% gain, CTI will have you trading a $2,000,000 account!

BONUS: -5% DISCOUNT CODE: ctidiscount5%

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True Forex Funds

True Forex Funds is a fast growing proprietary trading firm, that targets motivated but undercapitalized traders, who are ready to get up to $400,000 in funding, after completing our 2-phase Evaluation process. Upon successfully passing our Challenge, we will cover all your losses!

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FTUK

Forex Traders UK program provides experienced traders with a platform where they can earn while trading without risking their own capital! That’s right, no challenges or verification period.

BONUS: -5% DISCOUNT CODE: forexpropreviews

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BluFx

BluFx is rapidly becoming one of the most popular prop firms in the industry, due to the fact they require no performance challenge. They offer INSTANT FUNDING to traders around the world, of either $25,000 or $50,000, which is doubled every 10% gain. They have very relaxed trading requirements and a 50-50 profit split, making BluFx a perfect choice for newer forex traders seeking immediate funding.

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Top 10 Proprietary Trading Firms - Forex Prop Reviews (2024)

FAQs

Top 10 Proprietary Trading Firms - Forex Prop Reviews? ›

FTMO 's top competitors in July 2024 are: FunderPro, the5ers and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

Which is the best prop firm for forex? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • The 5%ers.
  • Funded Next.
  • Funded Trading Plus.

Which prop firm is better than FTMO? ›

FTMO 's top competitors in July 2024 are: FunderPro, the5ers and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

Which prop firm has the fastest payout? ›

FunderPro stands out for its rapid payouts in the prop trading industry. With some competitors taking weeks to process payouts, FunderPro prioritizes swift transactions, ensuring traders receive their earnings promptly.

Do prop firms give you real money? ›

In a typical challenge model, the prop firm will give the trader a certain amount of virtual money to trade with. The trader will then have to meet certain profit targets in order to pass the challenge. Once they pass the challenge, they will be given a funded account that they can use to trade with real money.

What is the most trusted prop firm in 2024? ›

Overview: MyFundedFutures is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts one of the highest pass rate for its evaluation program out of all the futures prop firms on this list.

Did FTMo ban US traders? ›

In what appears to be related to the latest MetaQuotes crackdown on the proprietary trading landscape, prop firm FTMO has stopped onboarding US clients, Finance Magnates has learned. New traders attempting to register from a US IP address were unable to complete the registration form.

What is the cheapest prop firm? ›

Cheapest Prop Firms Forex 2024 - with $5K Funding Accounts...
  1. The5%ers. The5%ers specializes in providing funding of up to $100,000 to forex traders. ...
  2. FTMO. ...
  3. MyForexFunds. ...
  4. Earn2Trade. ...
  5. The Funded Trader Program. ...
  6. OneUp Trader. ...
  7. Apex Trader Funding. ...
  8. True Trader.
Feb 27, 2024

Does FTMO really pay? ›

Even though FTMO Traders trade with fictitious capital only, they are entitled to obtain a reward in the form of real money if they can generate “profit” on an FTMO Account.

Which prop firms are regulated in the USA? ›

OANDA, Axi, and Hantec Markets are three regulated forex and contracts for differences brokers that launched prop trading services.

How many people fail prop firms? ›

Historically, retail prop firm challenges have been designed to set traders up to fail. They're given harsh targets, limited time, no support, and huge leverage – a perfect storm! It's not surprising that 95% of traders fail their challenges!

Can you make a living trading for a prop firm? ›

Prop trading can be lucrative, with earnings tied to a profit-sharing ratio. Unlike traditional brokers relying on commissions, prop traders' income directly links to generated profits. Ratios vary, often ranging from 75/100 to 90/100, offering flexibility based on experience and strategy.

How much do the best prop traders make? ›

In conclusion, the income of prop firm traders can vary greatly depending on several factors such as experience, performance, and the size of the firm. On average, a junior prop trader can expect to earn anywhere between $50,000 to $100,000 per year, while a senior trader can make upwards of $500,000 annually.

What are the negatives of prop firms? ›

👎 Cons of Prop Trading

Less Regulation: Many prop trading firms, especially those offering remote trading, are not heavily regulated. This can reduce operating costs but increases the risk of losing capital due to potential fraud or mismanagement.

How to know if a prop firm is legit? ›

Legit prop funding firms also offer a transparent, fair, and competitive profit-sharing model. Transparent profit shares are foundational to a dependable and trustworthy prop trading firm. Prioritize firms that are clear about how their profit-splitting agreement works.

Do prop firms actually copy your trade? ›

It takes no additional effort to replicate your trades to multiple prop firm funded accounts. In fact, most traders that do this use a trade copier system to replicate their trades automatically. This allows you to increase your profits with the exact same amount of work.

Which is the best company for forex trading? ›

Best Forex Trading Platforms in 2024
  • PrimeXBT: Best Forex trading platforms Overall.
  • Lite Forex: Best for CFDs on Commodities.
  • JustForex: Best for Multi Assets.
  • FXTM: Best With High Floating Leverage and Fast Execution.
  • PLUS500: Best Option to Trade CFDs.
  • AvaTrade: Best Forex Trading Platforms for Leverage.
Jan 19, 2024

Is my forex funds a good prop firm? ›

My Forex Funds is a pretty decent prop trading company in every way. I have been trading here for 4 months, everything is very good! There are no problems with execution, speed is good, spreads are normal.

How do I choose a prop trading firm? ›

Before joining a forex prop firm, traders should consider factors such as regulation, reputation, funding options, costs, trading rules, technology, support, profit split, risk management, performance, and compatibility with their trading goals.

Which prop firm accepts US clients? ›

The one prop firm that is safe and reliable for US clients: RebelsFunding. RebelsFunding is a prop firm that offers unique trading programs for forex traders. They provide traders with training accounts that they can use to trade and earn commission without the risk of losing their own funds.

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