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Best funded trader account is Topstep

Your capital is at risk.

Top funded trader accounts are:

1

Topstep - for day trading strategies, 90% profit share

2

Fidelcrest - wide range of trading instruments, 70% profit share

3

FTMO - trading firm that specializes in Forex trading, 90% profit share

4

Elite Trader Funding - best for remote funding, 90% profit share

5

SurgeTrader - only one phase of evaluation

Editor’s Warning:

Traders’ funding is an unregulated sphere, enabling companies to make exaggerated promises and embellish reality. In fact, people mostly lose money by paying the fee for the Challenge (testing) and not receiving funding. That’s why I recommend skipping this game, and honing your skills with one of the reliable Forex brokers, leaders of our rating.

Rinat Gismatullin
Author and business expert
Opinions expressed by Traders Union Contributors are their own.

As a chief expert at Traders Union, my primary concern is the interests of our website’s readers, and how to help them preserve capital and prevent loss.

Therefore, before you read this article, in which we looked into the best proprietary trading firms, I would like to warn you about the specifics of working with prop firms that promise funding for traders.

Our research shows that people mostly lose money with these firms, failing to pass the testing stage (challenges). Those who do get the funding are likely to still lose money upon failing to meet certain conditions of the agreement with many hidden clauses. Often, proprietary trading firms make their money not from their share of profits of successful traders, as their websites claim, but from the fees users pay for testing. The funding in itself is essentially nothing more than leverage for you, which licensed brokerages also offer.

This is why I advise against using prop firms, and working with licensed Forex brokers instead. Once you learn to earn stable profit with a real broker, you won’t need to look for a prop firm, because you will be doing well on your own.

Here are several brokerage companies I can recommend:

1
5.6 /10
Open an account
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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
2
5.3 /10
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3
5.98 /10
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Your capital is at risk.

Funded trader programs stand out as a viable option for traders hoping to advance their trading careers to a professional level. These platforms give knowledgeable traders a means to obtain substantial capital while reducing the risk of their investments.

However, a number of factors come into play that will affect how much money you can make as a funded trader. In this article, we will provide a deep dive into the realm of funded trader programs and examine the major factors that affect your earnings.

  • What is the minimum funding amount I can receive?

    The minimum funding amounts offered vary by program but range anywhere from $10,000 up to $25,000 for starter accounts.

  • Can I trade any markets I want?

    No, you will need to trade within the market restrictions set by each individual program, such as only Forex for some or certain assets for others.

  • What are the maximum allowable daily/monthly losses?

    Programs impose strict risk controls, commonly a maximum 3-5% daily loss limit and 10-20% maximum monthly drawdown before funding is withdrawn.

  • Do I need prior trading experience?

    While experience helps, some programs are suitable for beginners as long as you pass their evaluation. Most require basic understanding of trading concepts.

Below you will find all the information.

What is a Funded Trading Program?

What Is a Funded Trader Program?

With a funded trader program, traders have the opportunity to trade using a prop firm’s money. You and the proprietary firm share the profits you generate in the funded account.

The trading industry is a thriving field where many people are trying to learn more each day, but it's not just about knowing the basics, it's about knowing how to manage your money and being successful.

It’s becoming easier for people to learn trading skills and strategies online and become consistently profitable traders, however, many individuals don’t have very much investment capital to work with so that they can generate substantial amounts of money from their profitable trades.

Trading From Home: Top 10 Skills You Should Learn

By offering trader education resources, webinars, and support, good funded trader programs help you get started in trading with more than just trading capital. It's also important to have a trading platform of the highest quality and a partner company that offers funded accounts of the highest quality.

The advantage of funded trader accounts, as opposed to a Personal Forex account, is the reduced risk. Real-time data and a useful platform are available for a small monthly fee. Once you prove you possess the necessary skills, you’re granted access to a funded account. Upon getting funded, you get to keep up to 90% of the profits that you generate from trading.

👍 Pros of funded trading accounts:

Funded traders have the benefit of being free to use the funds allocated to their accounts as they see fit.

Funded traders have access to more immediate capital to make larger market moves than unfunded traders.

As a funded trader, you're somewhat protected since you don't use your own money.

Obtaining licensure and passing certification programs can be very challenging for new professionals and solo traders. When you become a funded trader, you get the necessary licenses and certifications to start trading immediately.

Instead of requiring you to work from an office, most funded trading programs allow you to trade from anywhere you have Internet access.

👎 Cons of funded trading accounts:

Despite nominal freedom of use, funded traders are required to follow certain rules and regulations under the sponsorship of their company. As part of these rules, there are daily loss limits, maximum positions, and other requirements.

Being a funded trader also takes time, especially if you lack the knowledge or expertise to take a program immediately.

It’s possible for your profits to be lower than you expected for the first few years when trading with certain trading companies because they impose enormous fees on their funded traders.

Best Forex Funded Trading Accounts 2024

1 Topstep

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Your capital is at risk.

With its brand power and reputation as an industry innovator and one of Inc 5000’s fastest-growing companies, Topstep has earned the trust of many traders. To participate in the funded account program, all traders begin with the Trading Combine. You can open a real-time simulated futures account with $50K, $100K, or $150K buying power.

During the Trading Combine, you can earn a funded trading account if you demonstrate consistent profitability and manage risk appropriately. Using Topstep's capital, you can trade in real time without personal financial risk, with funds provided by Topstep.

As quickly as within eight trading days, traders can qualify to receive a funded account (the amount of funding provided is determined by the Trading Combine plan).

The first $10,000 in profits you make can be withdrawn in full, and 90% of profits exceeding that amount can be withdrawn.

With Topstep, payout requests are processed on a daily basis (payout requests made prior to 10 a.m. CT are processed on the same day).

Topstep’s trader development services include instruction from professional traders, tools, and daily live videos, along with personalized analytics on performance and bonuses for traders.

Trading platforms supported include TSTrader, TradingView, NinjaTrader, Sierra Chart, MultiCharts, R|Trader Pro, and many more.

For a $50k account, Topstep pricing starts at $165 per month. $100k accounts cost $325 per month, and $150k accounts cost $375. Free trials are also available for 14 days.

2 Fidelcrest

Open an account
Your capital is at risk.

Fidelcrest was established in 2018 and is registered in Cyprus but accepts traders globally. The firm provides traders with access to various markets, including equities, options, futures, and Forex. Fidelcrest's trading program is designed for both experienced and new traders, offering them the resources and support they need to succeed in the markets.

The trading platforms are MetaTrader4/5. Trades can be made on Forex pairs as well as CFDs on stocks, indices, commodities, and cryptocurrencies. Leverage of up to 1:100 is available.

Fidelcrest offers two main trading programs with four different account types with varying subscription fees and starting capital.

Micro Trader account types are designed for traders who are new to prop trading and want to prove their skills before managing a large funded account. Traders must pass a two-step evaluation process, with Normal or Aggressive account settings. Starting capital varies from $15,000 to $60,000 priced from €149 to €449.

The Pro Trader program also has Normal and Aggressive options and offers traders the opportunity to manage a funded account with a starting balance of $100,000 or $200,000. The price starts from €1,299 and the top plan is priced at €3,799.

The profit split does not depend on the account tier, with traders earning 70% of the profits. The firm also has a scaling plan with trading capital of up to $2 million.

Fidelcrest's website provides a wealth of information and resources for traders, including a detailed FAQ section, a trading rules and guidelines page, and a blog with market analysis and trading tips. The firm offers 24/7 customer support and a dedicated account manager for each trader.

Overall the firm has a transparent evaluation process, flexible trading plans, and responsive customer support. Different account arrangements cater to a range of experience levels and risk appetites.

3 FTMO

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Your capital is at risk.

FTMO is a prop trading firm that specializes in forex trading, and has won several awards in the field. FTMO traders received over $23,000,000 in payouts in 2021 with an average payout processing time of 8 hours.

To qualify for a funded trading account at FTMO, you must complete three steps.

Within 30 days, you must reach the defined profit goals of the FTMO Challenge.

Once you've successfully completed the FTMO Challenge, you enter the 60-day Verification process.

FTMO will offer you an account range of $10,000 to $400,000. This is after you pass the two-step evaluation process with the Challenge and Verification.

Traders keep 80% of their profits for withdrawal according to the 80:20 profit split. In addition, for funded accounts with account sizes of $2,000,000 or greater, traders have the option to increase their profit split up to 90:10 with a Scaling Plan.

There are 44 currency pairs and 10 cryptocurrencies you can trade. You can also trade stock CFDs, commodities, and indices.

FTMO excels at currency trading, while Topstep excels at futures trading.

Free versions are available of the three most popular trading platforms, MetaTrader 4, MetaTrader 5 and cTrader.

In order to participate in the FTMO Challenge, traders must pay a one-time fee. USD, GBP, EUR, CZK, CAD, AUD and CHF can be used to fund the account, but only Euro can be used to pay the challenge fee. For the $10k account, the participation fee starts at 155 EUR. For the $25k account, the cost is 250 EUR, for the $50k account, 345 EUR, for the $100k account, 540 EUR, and for the $200k account, 1,080 EUR.

4 Elite Trader Funding

With Elite Trader Funding's EOD program, you get the best value in futures evaluations with end-of-day drawdown. One-step evaluations with single overall trailing drawdown are a lower-cost option for traders looking to avoid daily drawdown limitations of EOD drawdown programs.

If you are an aggressive trader looking to use Elite Trader Funding programs, you can sign up for Elite Trader Funding Fast Track evaluations where you can receive up to $6,500 in drawdown allowance for just $150. You’ll also receive $160 of Free Data once you’re qualified for live funding.

A $25K Mini Track Evaluation starts at $45 and must be completed within a maximum of 14 calendar days and a minimum of 10 trading days (not much wiggle room). This option requires you to be a seasoned trader with a high level of confidence and expertise in day trading futures.

Also worth noting are the Free Data Specials on the $100K and $250K evaluations and the resets on the EOD and 1step, but not on fast tracks. As a fourth type of evaluation, Elite offers Static Drawdown Evaluations, which are exactly what their name suggests. Evaluations of this type have a maximum loss and no trailing drawdown. It’s also important to note that the minimum allowed balance doesn’t change over time.

5 SurgeTrader

Open an account
Your capital is at risk.

SurgeTrader offers a 75% profit split to funded traders who meet their trading criteria. It's the perfect prop firm to diversify your investment portfolio with a variety of tradeable assets. SurgeTrader has only one phase of evaluation, unlike many other prop firm trading entities that require traders to pass several levels of evaluation.

Traders can choose from six packages. With the Starter Package, you get $25,000 in instant funding and a 10% profit target. There’s a maximum trailing drawdown of 5% allowed. The Starter Package is ideal for beginners who want to avoid overly aggressive trading. With a $1 million funding size and a 75% profit split, the Master Package is the highest-tier account. A 10% profit target is set, along with a four-percent daily loss limit and a five-percent maximum trailing drawdown allowance. If you have a lot of confidence in your abilities, then this package may be for you.

This prop firm offers a wide variety of tradable securities, including crypto and gold, as well as popular stock indices. It’s possible to access leverage up to 1:10.

A top proprietary trading firm, SurgeTrader requires all of its clients to undergo evaluation. You need to pass only one phase of the SurgeTrader Audition process. It’s not necessary to earn over 10% of your account balance in order to pass the audition.

Audition fees range from $200 to $6,500 per account. There’s no limit to how many times you can take the audition. You can use credit/debit cards and PayPal to make payments and withdrawals.

6 Maverick Trading

In the world of trading, Maverick is undoubtedly a top company. You can start trading in Maverick even if you are less experienced, as it offers the services of professional advisors and popular robo advisors.

Every business day, Maverick provides webinars and lessons. You can easily improve your skills with the help of lessons and webinars during business hours.

With Maverick, you can trade options, stocks, and forex. As a new trader, you can count on Maverick's team for support, technology, and training lessons.

When you prove your trustworthiness to Maverick, they invite you to join their team and finance you immediately. Based on the profitability of your work, the amount of instant funding may be increased.

If you consider yourself to be an active trader, don't miss your chance to get instant funding and contribute to Maverick's development.

Maverick traders predominantly use ThinkorSwim during evaluations. However, most of them prefer Interactive Brokers for live accounts. This is because Interactive Brokers has a very user-friendly interface that's easy to navigate.

As part of its evaluation phase, the forex program also uses Interactive Brokers. Maverick's teaching approach differs greatly from other programs in that it’s more effective and comprehensive. However, it’s also more expensive. Joining the options program will cost you about $7,000 and joining the forex program will cost you about $4,000.

7 Earn 2 Trade

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Your capital is at risk.

For $150 a month, Earn 2 Trade offers a Gauntless Mini account with $25K. When you choose the $350 a month option, you can get up to $150K.

In the beginning, you might want to settle for the $150 monthly fee option if you are still developing your trading confidence. Within the first month of receiving this, you might aim for $1750 and above according to the mentorship you’ve been provided with.

By doing so, you won't need to spend any additional money to upgrade your account to the $350 a month option.

Additionally, achieving this feat will give you access to proprietary trading partner accounts. Upon reaching this point, you'll have access to:

A beginner crash course that would otherwise cost $249

Access to a trading simulator

Access to Journalytix

8 OneUp Trader Funding

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Your capital is at risk.

A decade of experience makes OneUp Trader one of the most reliable prop firms to fund your account. By encouraging the use of different schools of thought in decision-making, this program promotes independence.

In addition to its uniqueness, this platform places a lot of trust in its users. This program provides a softer learning curve than other programs that require traders to meet unrealistic trading targets.

As a OneUp member, you'll feel like part of a big family. When it comes to building your confidence, that’s quite important.

In addition, you can decide how you want to share your profits. There are two profit-sharing options - 50-50 and 80-20.

Moreover, their tiers are quite affordable, especially if you choose the 50-50 arrangement. The 50% profit split arrangement would cost you $95 per month for a $25K account. On the other hand, a $25K account with the 80% option would cost you $125 per month.

9 The5ers

Open an account
Your capital is at risk.

In comparison to the other programs mentioned in this list, The5%ers take an entirely different approach. The5%ers fund each funded trading account with real money, so subscribers can trade with it.

Tradeable securities include all forex majors, such as EUR/USD, USD/CHF, and major cross pairs, such as AUD/CAD and GBP/JPY. The Level 1 Program requires every trader to achieve a profit target between 10% and 25%.

Upon reaching the profit target by trading according to the rules, the Level 1 Program will be closed. As a Portfolio Manager Partner, you will receive profits according to the profit split, and a new trading account will be opened for you on the next funding level.

A key difference between this trading account and the others is its ease of use. 50:50 profits are split between The5%ers and their members. Accordingly, the trader keeps half of the profit.

Each of the programs is hosted on the MetaTrader 5 trading platform. The participation fee ranges from $275 to $875.

10 E8 Funding

Open an account
Your capital is at risk.

Founded only in 2021 by CEO Dylan Elchami, E8 Funding is one of the “newest” babies of the big but close-knit circle of proprietary trading firms. It uses MetaTrader4 and 5 as its software, much like many other trading accounts.

Traders in the platform trade commodities, crypto, forex, and equities. The leverage is up to 1:100, the maximum initial deposit is $300,000 (scalable to $1.0M+) and the account sizes are between $25,000 and $100,000.

E8 has a two-phase evaluation stage, which users need to complete before they start trading. While this may sound like a challenge, the good news is that once you complete the evaluation, you can start trading on the same day!

There are two accounts that the platform offers - the classic E8 and the premium ELEV8. In E8, traders are given requisite funding once they finish the evaluation and they can keep up to 80% of the profits to themselves.

This is not the case in ELEV8 where the traders are given the funds instantly and they can keep up to 90% of the profits to themselves. Additionally, traders with ELEV8 accounts have the advantage of their account size increasing by $100,000 every 30 days when they continually hit their profit targets.

For an entry account, the maximum initial deposit and the profit target (to be completed in 30 days), is $2,000 while the daily floating and closed loss is $1250. These targets, maximum losses, and drawdowns however vary from one account size to another.

Funded Trading Programs Compared

For a quick overview of the funded trader programs discussed here, we compiled a table highlighting the important points.

Best for Trial period Profit Share Cost Markets

Topstep

New day traders

14 days

100%

$495 for 3 month membership, $990 for 6 month membership

Futures

Fidelcrest

Beginning prop traders

N/A

70%

€149 - €3,799

Forex, indices, commodities, stocks, crypto

FTMO

Experienced traders

14 days

Up to 90%

$139.50 to $972

Forex, indices, commodities, stocks, crypto

Elite Trader Funding

Remote funding

14 days

100% of first $12,500 of profit in funded account and 80% profit split thereafter

$45 to $75,000

Futures

SurgeTrader

Professional traders

Based on your plan profit target

75%-90%

From $200 to $6,500

Futures

Maverick Trading

Active traders

N/A

70% to 80%

$6,000 for the educational training and $199/month desk fee, $5,000 to fund live trading account.

Futures, stocks, and options

Earn2Trade

Professional traders

15 days

80%

Bootcamp: $2,499

The Gauntlet: $429

The Gauntlet Mini: $150, $170, $245, $315, or $350

OneUp Trader Funding

Risk-free trading

14 days

50% to 80%

From $95 per month for a $25,000 account to $650 per month for a $250,000 account

Futures

The5ers

Traders using MT5 p latform

None

50%

$275 to $875

Forex, metals, and indices

E8 Funding

motivated traders

30 days to complete the first phase and 60 days to complete the second phase of the evaluation process

Up to 90%

From $228 to $ 988 depends on account size

Currency pairs, cryptocurrencies, indices, stocks, energies, and metal СFDs

What is the Cheapest Prop Firm?

Offering a chance for their users to trade using the firm’s funds in exchange for a share of the profits, proprietary trading accounts are heaven-sent. This is especially true for traders who have little initial investment capital and would love to gain the experience of trading.

It goes without saying then that the cheapest funded trader programs are those that offer the most minimal and sometimes free rates. While this can be a good thing, sometimes it’s worth it to pay a little more for better conditions.

Cheaper prop firms can be unreliable, and some of them might be using the traders to gain their access fee by providing them with endless challenges. It’s therefore wise to do thorough research before investing your time and your money in any account, especially the less costly ones.

However, don’t let that discourage you. Some inexpensive firms have a lot to offer, and here are three of them:

FTMO

FTMO minimum subscription fee is €155 for $10K accounts with standard profit share is 80/20. The maximum FTMO fee is €1080 for a $200K account.

Topstep

The minimum subscription cost is 165 USD. The maximum Topstep fee is $375 for a $150K account.

SurgeTrader

SurgeTrader charges a $250 minimum and a maximum of $6500 in fees.

How Do I Become a Fully Funded Trader?

We have talked about the benefits of being a funded trader, but how do you become one? Well, the exact requirements vary from one account to another. For example, while some accounts have a one-step evaluation stage, others have a 2-phase stage and even a verification step.

However, although these requirements vary, there are still some general steps that you should take to increase your chances of becoming a fully funded trader, whatever the firm.

Here are a few of them:

Develop trading skills

Build a track record to demonstrate your trading abilities

Research funding programs

Meet the criteria (minimum profit targets, drawdown limits, or specific trading styles)

Submit an application

Pass evaluation and assessment

Receive funding and trade

Can I Become a Funded Trader Without Evaluation?

Throughout this article, there is one word that has stood out - evaluation. We have discussed at length the different evaluation processes of different funded trading accounts, but what is evaluation exactly?

Let’s define it as simply as possible. As a funded trader, you are using the firm’s funds to trade. But the firm doesn’t know you and if they can trust you with their accounts. Because of this, they will have a program to test your trading and risk-management skills. This program is what’s called evaluation, and only if you pass it will you be given the account.

However, there are a few (two or three) funded trading accounts that do not offer an evaluation program before they give you an account. Some of these prop firms include the 5%ers, FTUK, and Audacity Capital.

What Is The Logic Behind Prop Trading?

An excellent question we ask today is - what is the logic behind prop trading? Why would a firm offer traders their funds to trade on? It’s simple. The idea behind it is to generate profits for the trading firm by taking advantage of market opportunities and utilizing the skills and expertise of the firm's traders.

Here are some key points that explain it further:

Profit generation

Prop trading firms aim to maximize their profits by using one tool in their arsenal - understanding the traders’ thinking. Because the users are not using their own funds to trade, they are more likely to take more risks, which helps the firms gain insight into their reasoning and leverage that to gain maximum profits.

Research and development

By allowing users to take more risk in their trading, prop firms are able to gather information on how users make trading decisions, what they are more likely to invest in, and even the most preferable trading hours. This research can be then used to further develop the tools of the account.

Talent attraction and retention

The idea of providing traders with funds to trade on such that they don’t have to dig into their pockets attracts multiple untapped talents in the industry. Once they gain the profits, these talents have the potential of turning into repeat users for the account.

Maintain all gains

Because everything is traded on the firm’s account, the firm gets to maintain all the gains and maximise their profits from the trades.

Have an edge over competitors

Firms engaged in proprietary trading have an edge over their competitors in terms of the insightful information they gather from their users which they leverage to maximise their profits, retain the customers and develop their accounts.

How Much Money Can I Make?

One question that always nags at potential traders is how much money they can make when they set out to become funded traders. The response to this question is complex and dependent on a number of important variables. For instance:

Funding Level

The foundation of the funded trader programs lies in the financing amount provided by the trading firm. These values range widely, from a few thousand dollars to large sums in the six figures. For example, some might provide traders a $25,000 beginning capital, while the most outstanding companies give over $1 million per account.

Profit split

Profits are split between the trader and the trading firm in funded trader programs. The profit split ratio is fixed and specified in the program agreement. Traders typically receive up to 70%-90% of the profits they make.

Trading Strategy

Choosing a suitable trading strategy is also critical. High-risk strategies may create huge short-term rewards, but they also carry a higher risk of loss. Conservative techniques produce more steady, consistent growth over longer time spans. Your strategy must balance risk and reward so that you can profit from multiple deals while avoiding catastrophic losses.

Effective risk management is essential as profits can be greatly increased with a well-defined and properly researched approach. Keep in mind that trading tactics are governed by different regulations and guidelines at different trading firms. Also traders should consider strict rules of most funding programs. Usually, they limit maximum loss to 4-10%.

How to Choose a Funded Trading Program

What is the cheapest prop firm?

Overall experience: When it comes to finding a good funded trading program, it’s important to do your due diligence. To monitor the process and experience, it's a good idea to sign up and go through the whole process from free trial to partner withdrawal. Getting the feel for the user experience that a funded trading program has to offer gives you valuable insight into the quality of the funded trader program.

Assess value: It’s important to look for leaders in their funded program niche. Consider programs that offer unique features at a superior price point. As a result, you can avoid wasting time on programs that are subpar.

Examine funded program features: Assess the features, drawdown types, parameters, and qualification requirements of a funded trader account. While evaluating programs, take into account the freedom that traders have in the funded environment. In the event that trading conditions are somewhat restrictive, the program must be clearly worth it in terms of value and funding.

Live trading or prop firm partnership conditions: When evaluating live conditions, all the important features should be considered. This includes in-depth information on program fees, trading parameters, withdrawal conditions, withdrawal speed, and limits. Ensure that the funder trader program offers transparency when it comes to price. You don't want to be surprised by hidden conditions after passing evaluation.

Are Funded Trading Programs Trustworthy?

Does a funded trader firm allow EA?

If you choose the right company to work with, funded trading programs can be very trustworthy. Nonetheless, this is a new business model for this industry. Program quality varies from company to company. It is also possible that some scam their customers just out of greed. Due diligence and proper research are, therefore, highly recommended.

How do Funded Trader Programs work?

Understanding how funded trader programs work is critical for aspiring traders who want to participate.

Individual traders can trade a firm's capital in exchange for a cut of any gains made. The application process often includes presenting your trading history, plan specifics, and qualifications. Firms carefully analyze applicants based on their prior performance and risk levels.

If accepted, the trader is granted a specific amount of the firm's money in their funded trader accounts to trade as they see fit, according to the agreed-upon strategy. Most programs require traders to use the firm's proprietary trading platform for compliance purposes. Profits and losses on the financed account are distributed according to the arrangement, which is typically 40-60% for the trader.

In Conclusion

Funded Trader Programs promote a mutually beneficial partnership between traders and trading firms. Traders can produce significant money from these agreements over time by adhering to a firm's guidelines and maintaining consistent, risk-managed performance.

Expert Opinion

Traditionally, a professional proprietary (prop) trading firm funds traders from its own capital and splits trading profits with the trader. The purpose, intent, and business model of the firm is to make money primarily from trading profits and the firm covers losses. For that, they typically provide technology and support services, which usually includes some degree of training and sophisticated risk management support.

The business model for the new wave of prop firms is different and may not always have the trader’s best interest in mind. They generally make money from fees associated with trading activity. Their strategy to support their business model is to increase trading activity and associated fees. Anyone who has been involved in the industry for any length of time will tell you how difficult it is for FX brokers to attract and retain clients. The solution in recent years has been to provide a variety of proprietary trading structures that are attractive to potential clients, most of whom are looking to trade a larger amount of capital. An FX prop firm can provide a solution. They get new clients who will likely be some of their more active traders.

Bruce Powers

Bruce Powers

Contributor

Methodology for compiling our ratings of prop firms

Traders Union applies a rigorous methodology to evaluate prop companies using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include:

Trader Testimonials and Reviews. Collecting and analyzing feedback from existing and past traders to understand their experiences with the firm.

Trading instruments. Companies are evaluated on the range of assets offered, as well as the breadth and depth of available markets.

Challenges and Evaluation Process. Analyzing the firm's challenge system, account types, evaluation criteria, and the process for granting funding.

Profit Split. Reviewing the profit split structure and terms, scaling plans, and how the firm handles profit distributions.

Trading Conditions. Examining leverage, execution speeds, commissions, and other trading costs associated with the firm.

Platform and Technology. Assessing the firm's proprietary trading platform or third-party platforms it supports, including ease of use, functionality, and stability.

Education and Support. Quality and availability of training materials, webinars, and one-on-one coaching.

Team that worked on the article

Johnathan Maverick
Financial Markets Expert

Johnathan M. is a U.S.-based writer and investor, a contributor to the Traders Union website. His two primary areas of expertise include finance and investing (specifically, forex and commodity trading) and religion/spirituality/meditation.

His experience includes writing articles for Investopedia.com, being the head writer for the Steve Pomeranz Show, a personal finance radio program on NPR. Johnathan is also an active currency (forex) trader, with over 20 years of investing experience.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.