Prop Trading Firms with Real Capital - Forex Prop Reviews (2024)

FAQs

Prop Trading Firms with Real Capital - Forex Prop Reviews? ›

Statistics on Average Trader Payouts

Profit Split: The average prop firm will offer a 80-20 profit split once you become a funded trader. TFT, on the other hand, gives up to a 90% split, — even as high as 95% in some promotions — the highest in the industry.

Statistics on Average Trader Payouts

Profit Split: The average prop firm will offer a 80-20 profit split once you become a funded trader. TFT, on the other hand, gives up to a 90% split, — even as high as 95% in some promotions — the highest in the industry.

Your prop firm of choice should have at least some online reviews on authoritative websites like Trustpilot. They don't all need to be five-star reviews, but they should be positive overall. If it's a newer prop firm, it's okay if they don't have many reviews. But what you don't want to see is all negative reviews!

Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.

Around 10% pass

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

Limited Control Over Capital and Payouts:

- Traders in prop firms often have limited control over the firm's capital. They may need to deposit their own money as collateral or risk management. - Additionally, payouts are subject to the firm's rules, which may restrict a trader's access to profits.

Who are FTMO Top Competitors? 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.

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.

Proprietary trading firms often provide evaluation accounts where you prove your trading skills. Usually, you pay a one-time fee to enter this "challenge." If you lose money during this evaluation, you won't owe anything beyond the initial fee.

How do I choose a good prop firm? ›

Vetting the Prop Firm's Track Record

The first step when deciding on any prop trading firm should be an in-depth look at its reputation and history in the industry. A firm's standing within the trading community will highlight its reliability and ability to support its traders with a secure trading environment.

There is a very slim likelihood that they will succeed if the prop firm does not have their best interests in mind. Actually, one could compare the 95% of prop companies to a pyramid scheme. They either set you up to fail or compensate you with other traders' losses.

Funding Traders offers some of the fastest, most flexible payout terms in the industry. As a funded trader yourself, this industry-leading prop firm empowers you to maximize profits and get paid faster.

In my experience, trading with prop firms like True Forex Funds has been incredibly profitable. Over the past 1.5 years, I've seen substantial gains, and their support and spreads have played a crucial role in my success. Definitely worth it!

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. While this result is not nearly as bad as the one discussed earlier, it still looks bleak for prospective prop traders. But why is the percentage of failure so high?

Profit split

Many will take 50% of the profits, but some have been known to take as much as 70% or more. That said, the best prop trading firms may start allowing traders to keep 80% or even 90% of the profits, but these programs might be slightly pricier upfront.

The payouts are processed within 1-2 business days upon confirming the invoice. You can receive your profits by a regular bank wire transfer, Skrill or cryptocurrencies. We don't charge any commissions for withdrawals.

Prop Firm Trader Salary

The salary of a prop trader 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.