Top 10 Prop Trading Firms

1. FTMO

FTMO is one of the most reputable and widely recognized prop trading firms. It offers a structured evaluation process and access to significant funding.

Funding: Up to $400,000 after scaling.
Profit Split: 80-90%.
Challenge Cost: Starts at $155.
Pros: Excellent reputation, user-friendly platform, extensive educational resources.
Cons: Strict rules regarding maximum drawdowns.

2. MyForexFunds (MFF)

MFF is a favorite among forex traders due to its flexible funding models and lenient trading rules.

Funding: Up to $300,000.
Profit Split: 75-85%.
Challenge Cost: Starts at $49.
Pros: Fast growth potential, multiple account types, lenient evaluation.
Cons: Mainly forex-focused, with fewer options for other markets.

3. Topstep

Topstep focuses on futures trading, making it a great choice for traders looking to specialize in this area.

Funding: Up to $200,000.
Profit Split: 80-90%.
Challenge Cost: Starts at $165.
Pros: Futures-focused, transparent evaluation, supportive community.
Cons: Monthly subscription model can get expensive if challenges aren’t passed quickly.

4. The Funded Trader

Known for its competitive challenges, The Funded Trader caters to forex and crypto traders.

Funding: Up to $600,000 with scaling.
Profit Split: 80-90%.
Challenge Cost: Starts at $99.
Pros: High maximum funding, supportive community, low fees.
Cons: Less established compared to some competitors.

5. E8 Funding

E8 Funding is a newer prop firm but has gained traction due to its generous payouts and innovative features.

Funding: Up to $250,000.
Profit Split: 80%.
Challenge Cost: Starts at $138.
Pros: Flexible rules, rapid scaling options.
Cons: Limited track record due to being new.

6. BluFx

BluFx operates on a subscription-based funding model, bypassing traditional evaluation processes.

Funding: Up to $50,000.
Profit Split: 50%.
Challenge Cost: $99/month.
Pros: No challenge needed, instant funding.
Cons: Smaller profit split and limited funding compared to other firms.

7. Maverick Trading

Maverick Trading is well-established and offers opportunities in equities and options.

Funding: Based on experience and performance.
Profit Split: 70-80%.
Challenge Cost: None, but requires an upfront capital contribution.
Pros: Training-focused, long-term growth potential.
Cons: Requires traders to contribute their own funds initially.

8. SurgeTrader

SurgeTrader offers a fast-track evaluation process, making it suitable for experienced traders.

Funding: Up to $1,000,000.
Profit Split: 75-90%.
Challenge Cost: Starts at $250.
Pros: High funding potential, straightforward rules.
Cons: Higher entry costs.

9. Fidelcrest

Fidelcrest focuses on forex and CFD trading, offering personalized support for traders.

Funding: Up to $400,000.
Profit Split: 80-90%.
Challenge Cost: Starts at $99.
Pros: Generous scaling, high profit splits.
Cons: Strict profit target requirements during evaluations.

10. Toptier Trader

Toptier Trader provides a variety of funding plans catering to traders with different styles.

Funding: Up to $300,000.
Profit Split: 80%.
Challenge Cost: Starts at $89.
Pros: Flexible plans, diverse trading options.
Cons: Less recognition compared to major players.

Choosing the Right Prop Firm

When selecting a prop firm, consider the following:

Funding Size: How much capital do you need to scale your trading strategy?
Profit Split: What percentage of profits will you retain?
Evaluation Process: Are you comfortable with the firm’s rules and requirements?
Fees: Ensure the challenge or subscription cost aligns with your budget.

Prop trading firms offer an excellent opportunity for traders to access capital and grow their careers without risking their own funds. By aligning your trading goals with a firm that meets your needs, you can maximize your potential for success in the market.

FAQs About Prop Trading Firms

1. What is a prop trading firm?

A proprietary trading (prop trading) firm allows traders to trade with the firm’s capital instead of their own. In return, traders share a percentage of the profits with the firm. This structure gives skilled traders access to larger capital without significant personal financial risk.

2. How do prop trading firms make money?

Prop trading firms generate revenue through:

Profit Splits: A share of the trader’s profits (e.g., 10-20%).
Evaluation Fees: Fees for challenges or assessments to qualify for funding.
Subscription Fees: Some firms charge monthly fees for access to capital.

3. How do I qualify for a funded account?

Most firms require traders to complete an evaluation process or challenge, which typically involves:

Achieving a profit target within a set time frame.
Adhering to risk management rules, such as maximum drawdown or daily loss limits.

4. Do I need prior trading experience to join a prop firm?

While some firms cater to beginners, most prefer experienced traders who can meet their evaluation criteria. Firms like Maverick Trading and Topstep offer training programs for those who want to learn before trading with real capital.

5. What markets can I trade with a prop firm?

Prop trading firms typically offer access to:

Forex (foreign exchange)
Stocks and equities
Futures
Cryptocurrencies
CFDs (Contracts for Difference)

The markets available vary by firm, so check the firm’s offerings before applying.

6. What is the typical profit split in a prop firm?

Profit splits usually range from 50% to 90%, depending on the firm and the trader’s account type. Higher splits often come with stricter requirements.

7. What are the risks of trading with a prop firm?

Evaluation Fees: If you fail the challenge, you may lose the fee paid.
Strict Rules: Violating risk parameters (e.g., hitting the maximum drawdown) can lead to disqualification.
Over-Leverage Temptation: Trading large amounts of capital can lead to over-trading or excessive risk-taking.

8. How long does the evaluation process take?

The evaluation period varies by firm. Most firms offer time frames between 30 to 90 days, though some allow extensions or do not impose deadlines.

9. Can I trade my own strategies?

Yes, most prop firms allow traders to use their own strategies, provided they follow the firm’s risk management rules. However, certain trading styles (e.g., scalping, hedging) may be restricted by some firms.

10. Are there any hidden costs with prop trading firms?

Potential hidden costs include:

Challenge Resets: Fees to retry failed evaluations.
Data Fees: Some firms charge for real-time market data.
Withdrawal Fees: Certain firms may deduct fees when transferring profits.

Always read the terms and conditions to understand all potential costs.

11. How do prop firms handle payouts?

Most firms process payouts monthly or bi-weekly through methods like bank transfers, PayPal, or cryptocurrencies. The payout schedule and methods vary, so confirm this with your chosen firm.

12. What happens if I lose money while trading?

Losses are covered by the firm’s capital, not the trader’s personal funds. However, consistent losses or breaches of risk parameters may result in account termination.

13. Can I scale my account with a prop firm?

Yes, many firms offer account scaling programs, where consistent performance can increase your funding limits (e.g., scaling from $100,000 to $500,000).

14. Are prop trading firms regulated?

Most prop trading firms are not regulated like traditional brokers since they operate as private entities. Ensure you choose a reputable firm with a solid track record to minimize risks.

15. How do I choose the best prop trading firm?

Consider the following factors:

Funding amount and profit split.
Evaluation rules and costs.
Markets offered (forex, stocks, crypto, etc.).
Payout frequency and reliability.
Reviews and reputation in the trading community.