Prop Trading Firms - The 24 Best For 2024 - Living From Trading (2024)

Today you’ll learn all about proprietary trading firms, and I’ll give you a list of the best firms out there.

Here are the topics:

  • List Of Top Proprietary Trading Firms
  • What Is A Prop Firm
  • Prop Firm Challenge – How To Pass
  • How Do Prop Firms Make Money
  • This Is What You Learned Today
  • Learn More

List Of Top Proprietary Trading Firms

Here’s a list of the best top proprietary firms.

FTMO

Rating: 4.9

REVIEW

FTMO is a Forex prop firm, located in Prague, Czech Republic. It was founded in 2014. Read the full FTMO review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto.

Max balance: $2,000,000

Profit split: up to 90%

Cost: from €155

Platforms: MetaTrader 4, MetaTrader 5, and cTrader

Funded Trading Plus

Rating: 4.9

REVIEW

Funded Trading Plus is a Forex prop firm, located in London, UK. It was founded in 2021. Read the full Funded Trading Plus review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Crypto.

Max balance: $2,500,000

Profit split: up to 90%

Cost: from $119

Platforms: MetaTrader 4, and MetaTrader 5

Topstep

Rating: 4.9

REVIEW

Topstep is a Futures prop firm, located in Chicago, Illinois, USA. It was founded in 2010. Read the full Topstep review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.

Max balance: $150,000

Profit split: 90%

Cost: from $165/month

Platforms: TSTrader, NinjaTrader, Quantower, TradingView, Sierra Chart, T4, Jigsaw Daytradr, Multicharts, R|Trader Pro, VolFix, Trade Navigator, ATAS OrderFlow Trading, MotiveWave, Bookmap, Investor/RT

Apex Trader Funding

Rating: 4.9

REVIEW

Apex Trader Funding is a Futures prop firm, located in Austin, Texas, USA. It was founded in 2021. Read the full Apex Trader Funding review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures, Crypto Futures.

Max balance: $300,000

Profit split: 90%

Cost: from $137/month

Platforms: NinjaTrader, Tradovate, TradingView, Wealthcharts (web platform), Trader, ATAS, Bookmap, Edgeclear, Finamark, Jigsaw Trading, Motivewave, Quantower, Rithmic, Sierra Chart, Volfix, and Rithmic

FTUK

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (5)

Rating: 4.8

REVIEW

FTUK is a Forex prop firm, located in London, UK. It was founded in 2021. Read the full FTUK review

FEATURES

Instruments: Forex, Indices, Commodities, Crypto.

Max balance: $5,760,000

Profit split: 80%

Cost: from $149

Platforms: MetaTrader4 and MetaTrader 5

FundedNext

Rating: 4.8

REVIEW

FundedNext is a Forex prop firm, located in Ajman, UAE. It was founded in 2022. Read the full FundedNext review

FEATURES

Instruments: Forex, Indices, Metals, Commodities.

Max balance: $4,000,000

Profit split: up to 90%

Cost: from $99

Platforms: MetaTrader 4

The Trading Pit

Rating: 4.8

REVIEW

The Trading Pit is a Futures, and Forex prop firm, located in Liechtenstein. It was founded in 2021. Read the full The Trading Pit review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto, Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures, Crypto Futures.

Max balance: $5,000,000

Profit split: up to 80%

Cost: from €99/month

Platforms: MetaTrader 4, MetaTrader 5, ATAS, Quantower, R/Trader, Bookmap, Sierra Charts, Jigsaw, and Volfix

Take Profit Trader

Rating: 4.8

REVIEW

Take Profit Trader is a Futures prop firm, located in Orlando, Florida, USA. It was founded in 2022. Read the full Take Profit Trader review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.

Max balance: $150,000

Profit split: 80%

Cost: from $150/month

Platforms: Ninjatrader, Tradovate, Rithmic R|Trader, TradingView, Quantower, Agena Trader, Bookmap, Order Flow Trading, ESignal, Investor RT, MotiveWave, Jigsaw Trader, MultiCharts, Photon Trader, Trade Navigator, Q Scalp, Volfix

City Traders Imperium

Rating: 4.8

REVIEW

City Traders Imperium is a Forex prop firm, located in UK. It was founded in 2018. Read the full City Traders Imperium review

FEATURES

Instruments: Forex, Indices, Metals, Commodities.

Max balance: $2,000,000

Profit split: up to 100%

Cost: from $49

Platforms: MetaTrader 5

TickTickTrader

Rating: 4.8

REVIEW

TickTickTrader is a Futures prop firm, located in Bucharest, Romania. It was founded in 2022. Read the full TickTickTrader review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.

Max balance: $100,000

Profit split: 90%

Cost: from $145/month

Platforms: Ninjatrader, Bookmap, Daytradr, Agena Trader, Atas, Collective 2, Inside Edge, Medved Trader, Motive Wave, MultiCharts, Optimus Flow, Overcharts, Photon Trader, Quantower, Quick Screen Trading, R Investor, Scalp, Scalp Tool, Sierra Chart, Tiger Trade, Trade Navigator, TS Lab, Volfix.net

Audacity Capital

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (11)

Rating: 4.7

REVIEW

Audacity Capital is a Forex prop firm, located in London, UK. It was founded in 2012. Read the full Audacity Capital review

FEATURES

Instruments: Forex, Indices, Commodities.

Max balance: $480,000

Profit split: up to 75%

Cost: from £199

Platforms: MetaTrader 4

E8 Funding

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (12)

Rating: 4.7

REVIEW

E8 Funding is a Forex prop firm, located in Dallas, Texas, USA. It was founded in 2021. Read the full E8 Funding review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto.

Max balance: $1,000,000

Profit split: up to 90%

Cost: from $228

Platforms: MetaTrader4, and MetaTrader5

OneUp Trader

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (13)

Rating: 4.7

REVIEW

OneUp Trader is a Futures prop firm, located in Delaware, USA. It was founded in 2017. Read the full OneUp Trader review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.

Max balance: $250,000

Profit split: 90%

Cost: from $125/month

Platforms: Ninjatrader, R|Trader, Agena Trader, Inside Edge Trader, R Investor, Motive Wave, MultiCharts, Photon, QScalp, QST- Quick, Screen Trading, ScalpTool, Trackn Trade, Trade Navigator, Volfix.net, eSignal, Jigsaw Trading, ATAS Order Flow Trading, Bookmap, Quantower, and Sierra Chart.

Earn2Trade

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (14)

Rating: 4.7

REVIEW

Earn2Trade is a Futures prop firm, located in Sheridan, Wyoming, USA. It was founded in 2017. Read the full Earn2Trade review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.

Max balance: $400,000

Profit split: 80%

Cost: from $150/month

Platforms: Ninjatrader, Finamark, R|Trader, Inside Edge Trader, Investor RT, Motive Wave, MultiCharts, Bookmap, Photon, QScalp, QSI- Quick Screen Trading, ScalpTool, Trade Navigator, Volfix.net, Jigsaw Trading, ATAS Order Flow Trading, Sierra Chart, and Quantower

UProfit

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (15)

Rating: 4.7

REVIEW

UProfit is a Futures prop firm, located in Texas, USA. It was founded in 2019. Read the full UProfit review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.

Max balance: $200,000

Profit split: up to 80%

Cost: from $89/month

Platforms: Ninjatrader, Bookmap, Agena Trader, Motive Wave, Photon, Collective2, InsideEdge Trader, Optimus Flow, ScalpTool, Medved Trader, Quantower, Trade Navigator, Overcharts, Sierra Chart, Volfix, TigerTrade, MultiCharts, Scalp, QSI, and TSLAB.

Bulenox

Rating: 4.7

REVIEW

Bulenox is a Futures prop firm, located in Delaware, USA. It was founded in N/A. Read the full Bulenox review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.

Max balance: $250,000

Profit split: 90%

Cost: from $115/month

Platforms: Ninjatrader, Rithmic R|Trader, TigerTrade, OptimusFlow, InsideEdge Trader, Volfix, Atas, Scalp, Overcharts, Medved Trader, Quantower, QST, ScalpTool, TSLAB, TradeNavigator, SierraChart, MultiCharts, Photon, MotiveWave, RInvestor, and Bookmap X-Ray.

TopTier Trader

Rating: 4.6

REVIEW

TopTier Trader is a Forex prop firm, located in Miami, Florida, USA. It was founded in 2021. Read the full TopTier Trader review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Crypto.

Max balance: $300,000

Profit split: up to 90%

Cost: from $130

Platforms: MetaTrader 4

Leeloo Trading

Rating: 4.6

REVIEW

Leeloo Trading is a Futures prop firm, located in Montana, USA. It was founded in 2019. Read the full Leeloo Trading review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures, Crypto Futures.

Max balance: $300,000

Profit split: up to 90%

Cost: from $26/month

Platforms: NinjaTrader, Rithmic Pro, EdgeProX, Motive Wave, Multicharts, Jigsaw Daytradr, Trade Navigator, Volfix, Bookmap X-Ray, Investor/RT, Sierra Charts, OptimusFLOW

The Funded Trader

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (19)

Rating: 4.6

REVIEW

The Funded Trader is a Forex prop firm, located in Miami, Florida, USA. It was founded in 2021. Read the full The Funded Trader review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Crypto.

Max balance: $1,500,000

Profit split: up to 90%

Cost: from $129

Platforms: MetaTrader4, and MetaTrader5

Fidelcrest

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (20)

Rating: 4.6

REVIEW

Fidelcrest is a Forex prop firm, located in Nicosia, Cyprus. It was founded in 2018. Read the full Fidelcrest review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto.

Max balance: $2,000,000

Profit split: up to 90%

Cost: from €99

Platforms: MetaTrader 4

True Forex Funds

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (21)

Rating: 4.6

REVIEW

True Forex Funds is a Forex prop firm, located in Hungary. It was founded in 2021. Read the full True Forex Funds review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto.

Max balance: $400,000

Profit split: 80%

Cost: from €89

Platforms: MetaTrader 4, and Metatrader 5

TradeDay

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (22)

Rating: 4.6

REVIEW

TradeDay is a Futures prop firm, located in Chicago, USA. It was founded in 2020. Read the full TradeDay review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Metals Futures.

Max balance: $250,000

Profit split: 90%

Cost: from $99/month

Platforms: NinjatRader, Tradovate, TradingView, and Jigsaw Trading

Traders With Edge

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (23)

Rating: 4.4

REVIEW

Traders With Edge is a Forex prop firm, located in USA. It was founded in 2022. Read the full Traders With Edge review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto.

Max balance: $3,000,000

Profit split: up to 80%

Cost: from $55

Platforms: MetaTrader 4, and Metatrader 5

Super Funded

Rating: 4.2

REVIEW

Super Funded is a Forex prop firm, located in Victoria, Australia. It was founded in 2021.

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto.

Max balance: $200,000

Profit split: up to 90%

Cost: from $99

Platforms: MetaTrader 4

SurgeTrader

Rating: 4.2

REVIEW

SurgeTrader is a Forex prop firm, located in Naples, Florida, USA. It was founded in 2021. Read the full SurgeTrader review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto.

Max balance: $1,000,000

Profit split: up to 90%

Cost: from $250

Platforms: MetaTrader 4, and MetaTrader 5

Trade The Pool

Rating: 4.1

REVIEW

Trade The Pool is a Stocks prop firm, located in Israel. It was founded in 2016. Read the full Trade The Pool review

FEATURES

Instruments: Stocks.

Max balance: $260,000

Profit split: up to 80%

Cost: from $97

Platforms: Proprietary

Lux Trading Firm

Rating: 4.1

REVIEW

Lux Trading Firm is a Forex prop firm, located in London, UK. It was founded in 2020. Read the full Lux Trading Firm review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto.

Max balance: $10,000,000

Profit split: 75%

Cost: from £149

Platforms: MetaTrader 4, TradingView, and TraderEvolution

Elite Trader Funding

Rating: 4.0

REVIEW

Elite Trader Funding is a Futures prop firm, located in Florida, USA. It was founded in N/A. Read the full Elite Trader Funding review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures, Crypto Futures.

Max balance: $300,000

Profit split: 80%

Cost: from $80/month

Platforms: NinjaTrader, Tradovate, Rithmic, and TradingView

BluFX

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (29)

Rating: 0

REVIEW

BluFX is a Forex prop firm, located in London, UK. It was founded in 2016. Read the full BluFX review

FEATURES

Instruments: Forex, Metals.

Max balance: $1,000,000

Profit split: 50%

Cost: from $99

Platforms: cTrader

My Forex Funds

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (30)

Rating: 0

REVIEW

My Forex Funds is a Forex prop firm, located in Canada. It was founded in 2020. Read the full My Forex Funds review

FEATURES

Instruments: Forex, Indices, Metals, Commodities, Crypto.

Max balance: $2,000,000

Profit split: up to 85%

Cost: from $49

Platforms: MetaTrader4, and MetaTrader5

What Is A Prop Firm

A Prop Firm, a short form of Proprietary Firm, is a company that engages in the activity of prop trading.

Prop firms use their own money to trade or invest, rather than their client’s money.

The advantage?

They keep all the profits for themselves and don’t have to share them.

These firms allow traders to access their capital and use it to trade. The profits are shared between the firm and the trader.

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (31)

This is a good solution for a lot of retail traders to gain access to a trading account with enough size to trade and get decent returns.

When you trade for a prop firm you may also have access to sophisticated software and analysis tools.

The firm wins when you win, so they have their interests aligned with you. For this reason, they also frequently give you mentorship, support, and access to education provided by experienced traders.

Prop Firm Challenge – How To Pass

To get qualified to trade for a proprietary firm you need to pass their challenges first. A few prop firms fund traders without challenges (which you can find in the list below), but the majority will require you to pass the challenge.

These challenges have one or two phases and are made to prove that you are qualified to trade the firm’s own money.

To pass the prop firm challenges, you need to have trading skills like a trading strategy that you can trade with consistency and good risk management.

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (32)

The challenges are often very similar from firm to firm. You basically have to achieve a certain amount of profit, within a defined period, and without exceeding a maximum loss.

Usually, an initial fee is required to enroll in the prop firm challenge, and you do the challenge using a demo account.

Once you pass the challenge phase, you’ll get rewarded with a real trading account.

All profits that you make with this trading account will be shared between you and the proprietary firm. Typically the trader gets the bigger chunk of the profits, which can go up to 90%.

If you keep performing well, the prop firm may keep increasing your trading capital in steps.

Below in this article, there’s a list of the best prop firms, with links to detailed info about how to pass each prop firm challenge.

How Do Prop Firms Make Money

Proprietary firms make money when you make money.

When you trade using an account funded by them, your profits will be shared with the prop firm, although typically the trader gets the bigger piece.

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (33)

Prop firms also won’t let you deviate from good trading and good risk management.

Why?

Because if you lose, you are also losing their own money, and of course, the company doesn’t want that.

There are a set of rules that you need to follow, especially when it comes to risk management. If you take a big risk or if you go into a big drawdown, your account may be closed and you’ll need to pass the prop firm challenges again. So, don’t ever forget to set your stop loss, and calculate and respect your maximum lot size.

This Is What You Learned Today

  • Proprietary firms allow traders to access their capital to trade and share the revenue.
  • To be able to access a proprietary firm account you need to pass a challenge with one or two phases.
  • Prop firms make money when you make money, so you have a list of rules to follow especially risk management.
  • Proprietary firms let you trade almost anything: Futures, Forex, Stocks, Indices, Metals, Commodities, and even Crypto.

Learn More

  • Compare any prop firm with our prop trading firms comparison tool.
  • What is prop trading and how to become a prop trader

Now I want to hear from you.

Did I miss any prop firm on the list? Which one?

Let me know below in the comments.

Get My 6-day FREE Trading Course That You Can't Afford to Lose

Prop Trading Firms - The 24 Best For 2024 - Living From Trading (2024)

FAQs

What is the best prop firm in 2024? ›

Quick Look: Best Prop Trading Firms
  • Best for Beginner Futures Traders: Apex Trader Funding.
  • Best for Experienced Traders: FXIFY.
  • Best for Stock Traders: Trade the Pool.
  • Best for Experienced and Beginner Forex, Indices and Metal Traders: The 5ers.
  • Best for All Futures Traders: BluSky.

Which is the most trusted prop firm? ›

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

What are the top 5 future prop firms? ›

In futures prop trading, a firm's reputation can be a determining factor in its selection. Based on Trustpilot ratings, firms like Apex Trader Funding, Earn2Trade, TradeDay, Elite Trader Funding, and Topstep have showcased a strong standing in the industry, addressing diverse needs with distinct offerings.

What is the highest instant funding prop firm? ›

FTUK — Highest maximum funding limit

FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.

Which prop firm offers instant funding? ›

FTUK is a Global One-Step and Instant Funding Prop Firm. Choose the Right Program For You.

Are there any legitimate prop firms? ›

Yes, besides Ultimate Trader, there are several legitimate forex prop trading firms, and True Forex Funds is among them. Joining a reputable prop trading firm typically involves a straightforward process. For True Forex Funds, my favorite prop firm, the procedure is user friendly.

Which prop firm has the tightest spreads? ›

Audacity Capital is one of the oldest Forex prop firms with tight spreads which allows traders to speculate on diverse markets and provides low-cost funding accounts.

Why is FTMO banned in the US? ›

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

Do prop firms really pay out? ›

There is nothing inherently scammy about the business model of prop firms. But how do they make money then? For starters, prop firms, of course, do not give money to just anyone who asks. Typically, they have a multi-stage evaluation process to make sure the traders they employ know what they are doing.

Which prop firm is better than FTMO? ›

FTMO 's top competitors in May 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 lowest spread? ›

Smart Prop Trader is one such low spread prop firm offering trading accounts with very low discrepancies between the asking price and the bid or spreads that generally average low. Trading with our low-spread account helps you enter and exit trades without worrying about trading costs.

Which is the cheapest prop firm? ›

Best cheap forex prop firms
  • FTMO: evaluations starting at $399.
  • TopStepTrader: Challenges starting at $375.
  • T4tCapital: Flexible evaluation options starting at $299.
  • Funded Trading Plus: Starting at $25.
  • Earn2Trade: $99 Mini challenge.
  • True Trading Group: $49 evaluation with a $25,000 virtual account.
Feb 27, 2024

How many traders pass prop firms? ›

The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

Is prop trading better than hedge fund? ›

Hedge funds are a much safer investment when you are uncertain as an investor. Even though prop trading is the same, it is much riskier as you are using a prop firm's money to profit. Leverage: When it comes to leverage, hedge funds use aggressive techniques to manage their assets.

How much does a prop firm pay you? ›

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.

Is FTMO the best prop firm? ›

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

How do I choose a prop firm? ›

Don't just pick the first prop trading firm you find. Choose one with a good reputation, support for traders, good tools, safety measures, fair costs, and a friendly community. This way, you can trade smarter and have a better chance at success.

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