Top 8 Prop Trading Firms in 2022

If you want to start trading in the financial markets but don’t have enough capital, the best prop trading firms could be a right fit for you. In this article, we’ll talk about the best firms in this field and what benefits you can get from them, while also providing a buyer’s guide to help you make the right choice. Read on!

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1. Fidelcrest

Fidelcrest is among the top proprietary trading firms that offer 90% profit splits and a plethora of account types. You can get up to $1 million in funding and use up to 1:100 leverage, and choose between Normal and Aggressive risks to fine-tune trading styles to your targets. Full Review

  • 13 account types
  • Up to $1 million in funding
  • Up to 90% profit splits
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Fidelcrest is among the top proprietary trading firms that offer 90% profit splits and a plethora of account types. You can get up to $1 million in funding and use up to 1:100 leverage, and choose between Normal and Aggressive risks to fine-tune trading styles to your targets. Full Review

Variety of tradable assets

5/5

Profit split

5/5

Evaluation

4/5

Traders reviews

5/5

2. SurgeTrader

SurgeTrader is the best prop firm if you want a quick evaluation processing time and a plethora of securities to trade, with 75% profit splits and up to $1 million in funding. Its evaluation process has only one requirement, which is for you to earn more than 10% profits. Full Review

  • 6 packages and 75% profit splits
  • 350 tradable assets and One-phase SurgeTrader audition
  • Up to $1 million in funding
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SurgeTrader is the best prop firm if you want a quick evaluation processing time and a plethora of securities to trade, with 75% profit splits and up to $1 million in funding. Its evaluation process has only one requirement, which is for you to earn more than 10% profits. Full Review

Variety of tradable assets

5/5

Profit split

5/5

Evaluation

5/5

Traders reviews

4/5

3. Topstep

Topstep ranks highly on any list of prop trading firms thanks to its generous profit splits and specialization in the futures market. You can keep your first $5,000 or $10,000 in profits once you pass their two-step evaluation process, and keep 80% of profits thereafter. Full Review

  • 35 types of futures contracts
  • Up to $150,000 in instant funding
  • 80% profit splits
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Topstep ranks highly on any list of prop trading firms thanks to its generous profit splits and specialization in the futures market. You can keep your first $5,000 or $10,000 in profits once you pass their two-step evaluation process, and keep 80% of profits thereafter. Full Review

Variety of tradable assets

5/5

Profit split

5/5

Evaluation

4/5

Traders reviews

5/5

4. FTMO

FTMO is one of the best prop firms around for its high profit splits and thorough evaluation process. You can increase your profits by using up to 1:100 leverage, and get up to $200,000 instant funding when you scale up. Free trading tools are also available. Full Review

  • 90% profit splits
  • Up to $200,000 initial balance
  • Up to 1:100 leverage
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FTMO is one of the best prop firms around for its high profit splits and thorough evaluation process. You can increase your profits by using up to 1:100 leverage, and get up to $200,000 instant funding when you scale up. Free trading tools are also available. Full Review

Variety of tradable assets

5/5

Profit split

5/5

Evaluation

5/5

Traders reviews

4/5

5. Traderseed

Unlike many other prop firms, Traderseed isn’t based on the profit split method and aims to introduce a new concept in trading methods. It offers two multilevel low-cost programs. Each level has its own objectives, and reaching a goal moves you to the next one and comes with a certain payout. Full Review

  • Low cost
  • No evaluation process
  • Large range of trading markets
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Unlike many other prop firms, Traderseed isn’t based on the profit split method and aims to introduce a new concept in trading methods. It offers two multilevel low-cost programs. Each level has its own objectives, and reaching a goal moves you to the next one and comes with a certain payout. Full Review

Variety of tradable assets

5/5

Profit split

N/A

Evaluation

5/5

Traders reviews

5/5

6. City Traders Imperium

City Traders Imperium is among the best prop firms for scale-up opportunities in the UK market. You can get up to $2 million in funding, and a maximum of 70% in profit splits. Traders can either get an Evaluation account or pay for a Direct Funding account to skip evaluation. Full Review

  • 70% profit splits
  • Up to $2 million in funding
  • 1-phase evaluation program
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City Traders Imperium is among the best prop firms for scale-up opportunities in the UK market. You can get up to $2 million in funding, and a maximum of 70% in profit splits. Traders can either get an Evaluation account or pay for a Direct Funding account to skip evaluation. Full Review

Variety of tradable assets

5/5

Profit split

5/5

Evaluation

4/5

Traders reviews

5/5

7. The 5%ers

5%ers is one of the best proprietary trading firms when it comes to currency trading. It's designed specifically for trading Forex pairs and offers a 50% max profit split. You can choose between a Risk Manager account or an Aggressive Trader account, depending on the trading styles you use. Full Review

  • 50% profit splits
  • 1:30 max leverage
  • 6% to 25% profit targets
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5%ers is one of the best proprietary trading firms when it comes to currency trading. It's designed specifically for trading Forex pairs and offers a 50% max profit split. You can choose between a Risk Manager account or an Aggressive Trader account, depending on the trading styles you use. Full Review

Variety of tradable assets

4/5

Profit split

4/5

Evaluation

5/5

Traders reviews

5/5

8. Lux Trading Firm

Lux Trading is one of the best proprietary trading firms around when it comes to evaluation length—there’s no time limit on when you must reach the 6% profit target. You can also get $150,000 in instant funding and scale that figure up to $1 million in account balance. Full Review

  • 65% profit splits
  • Up to $150,000 in instant funding
  • 6% base profit target
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Lux Trading is one of the best proprietary trading firms around when it comes to evaluation length—there’s no time limit on when you must reach the 6% profit target. You can also get $150,000 in instant funding and scale that figure up to $1 million in account balance. Full Review

Variety of tradable assets

5/5

Profit split

4/5

Evaluation

5/5

Traders reviews

5/5

Our Methodology

To ensure we’re listing only the best firms, we checked the following:

  • Variety of Tradable Assets

We checked what assets each firm lets you trade. These may include currency pairs, equities, indices, commodities, and even crypto.

  • Initial Balance

We checked how much money in trading funds is given to traders when first trading with the firm.

  • Profit Splits

This refers to how much of your profits go to your pocket, and how much goes to the firm—we checked which companies offer the highest profit splits.

  • Scaling

A prop firm in Forex often gives you scale-up opportunities for increasing your balance and having greater trading power, and we checked each firm’s initial balance offering.
Funding time: we checked how fast you can get funded when you start with the prop firm.

  • Other Fees

We checked what fees are associated with your prop firm’s accounts. These may be one-off registration payments or recurring monthly subscriptions.

  • Evaluation

We checked each firm’s evaluation process to see how thorough they are in checking your trading skills before giving you access to accounts funded with real money.

  • Traders Reviews

We checked what other traders are saying about the prop firm and its reputation in the financial markets.

Companies Reviewed

Fidelcrest
Fidelcrest
Fidelcrest

Best for plethora of account types and funding levels

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  • Has various account types
  • Lets you choose your risk level
  • Offers high leverage
  • High profit targets
  • Tough drawdown limits

Overview

Fidelcrest offers 13 accounts for various types of traders, providing access to more than 1,000 financial instruments. Its profit splits are up to 90%, and the prop firm is widely known for its robust training programs and amazing support services.

Features

As one of the top prop trading firms around, Fidelcrest offers two main accounts: Micro Trader and ProTrader accounts, and each account requires you to choose between Normal and Aggressive. Three funding levels are available for each type of risk.

The Micro account has funding of between $25,000 and $50,000 for each risk type. The differences lie in the profit targets, minimum trading days, and max loss limits. For instance, the Micro Trader account has a max overall loss limit of 10%, and a profit target of 5% with Normal risk. With Aggressive risk, the max overall loss is 20%, and the profit target is 15%.

Meanwhile, the ProTrader accounts have funding of between $150,000 and $1 million—the $1 million funding is available only for Normal risk account holders. You can use up to 1:100 leverage for both accounts. Tradable assets include Forex pairs, commodities, stocks, indices, and crypto.

Evaluation 

This Forex prop firm has a two-step evaluation process for each account type, which differ in the minimum number of trading days, max daily loss limit, and max overall loss. Apart from meeting the trading parameters, you should also submit documents to Fidelcrest for their KYC program.

Pricing

Fees range widely based on the type of account and the risk level you choose. Micro Normal risk accounts cost between €99 ($104) and €449 ($474). Micro Aggressive accounts cost from €149 ($157) to €549 ($579), while ProTrader accounts range from €649 ($685) to €2,699 ($2,848).

Competition Overview 

Where Fidelcrest dominates: Accounts, risk levels, profit splits

Where Fidelcrest falls short: Profit targets, drawdown limits

SurgeTrader
SurgeTrader
SurgeTrader

Best for traders who want various tradable assets

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  • Huge variety of securities
  • Wide range of accounts
  • High profit share
  • Easy evaluation
  • Must use stop-loss orders
  • Low leverage for traders
  • No weekend positions allowed

Overview

SurgeTrader offers 75% profit splits for funded traders who can meet their trading requirements. You can trade various assets like Forex pairs, equity, indices, oil, metals, and crypto—it’s the perfect prop firm for a diversified investing venture.

Features

Unlike many other prop firm trading entities that have two phases of evaluation, SurgeTrader only has one. It offers six packages suitable for a variety of traders with differing skill levels. For instance, its Starter Package gives you $25,000 in instant funding and a profit target of 10%. The max trailing drawdown is 5%. If you’re a beginner and want to avoid aggressive accounts, the Starter Package is perfect.

The highest-tier account is the Master Package, with a $1 million funding size and 75% profit splits. The target is 10%, while the daily loss limit is 4%, and the max trailing drawdown is 5%. This package is perfect if you’re super confident in your skills.

This prop firm is also popular for its wide variety of tradable securities—in fact, it recently included crypto in its roster, and gold and popular stock indices are also available. The maximum leverage is 1:10.

Evaluation

As one of the top proprietary trading firms around, SurgeTrader requires evaluation for all of its accounts. The process is called SurgeTrader Audition and it’s very quick, as you only have to pass one phase. To pass the Audition, you only have to earn over 10% of your account balance.

Pricing  

The audition fee per account is between $200 and $6,500. You can try the audition as many times you want while paying the fee each time. Payment and withdrawals can be done through various methods, including credit/debit cards and PayPal.

Competition Overview 

Where SurgeTrader dominates: Processing time, funding size, profit splits, securities

Where SurgeTrader falls short: Stop-loss orders, positions, leverage

Topstep
Topstep
Topstep

Best for futures and Forex pairs trading

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  • Lets you keep your first $5,000 to $10,000
  • Quick evaluation time
  • Specializes in futures trading
  • Has monthly fees
  • Must have five “winning days” before withdrawals

Overview

Topstep is perfect if your forte is in futures trading, but it also offers tradable assets and currency pairs. It offers up to 80% profit splits while being highly affordable for beginners.

Features 

As one of the greatest proprietary trading firms for beginners, Topstep allows you to choose from three account sizes based on your preferred buying power. You’ll have to pay monthly subscription fees for each account, and official funded traders can choose between Topstep’s Standard Account and Pro Account.  

With a Standard Account, you can keep 100% of your first $5,000 in profits and 80% of all subsequent profits. You trade real funds up to $150,000, and are responsible for subscription fees for professional data—this is different from Topstep monthly fees.

The Pro Account is free. You’ll start with a demo account, but will earn real profits once you hit profit targets. The profits can be rolled into a Premium Funded Account, where you can continue trading your profits or withdraw them. You get to keep 100% of your first $10,000, and have 80% profit splits thereafter.

Evaluation 

Like other online prop trading firms, Topstep requires you to provide your trading skills. The starting profit target is 6% of your initial balance, and you can only have five open trades at a time. The daily loss limit is $1,000, while the max trading drawdown is $2,000. Step two has greater restrictions, as Topstep will require you to prove you can be a consistent trader.

Pricing 

Topstep’s monthly fee depends on the account size you choose. They range from $162 to $375. After the evaluation process, these fees go away. Professional data subscription fees range between $100 to $150 per month.

Competition Overview 

Where Topstep dominates: Profit splits, processing time, futures trading

Where Topstep falls short: Withdrawals, fees

FTMO
FTMO
FTMO

Best for prop traders who want the highest profit splits

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  • High profit splits
  • Generous leverage use
  • Free mobile app and trading tools
  • Refund of fees is possible
  • Relatively smaller max fund size
  • Other firms have faster scale-up opportunities

Overview

FTMO is perfect for prop traders for various reasons: it offers 90% profit splits and up to 1:100 leverage, and has a thorough two-step evaluation process that gauges your trading readiness. You can also choose your preferred risk level.

Features 

Like other remote prop trading firms, FTMO lets you choose your preferred risk level: Normal vs. Aggressive. For Normal accounts, the max daily loss is 5% of your initial account balance, while the maximum profit target is 10% of the initial balance. You can scale up the account’s funding to reach $200,000 instant funding by hitting targets.

Meanwhile, Aggressive account traders have a max daily loss limit of 10%, while the profit target is 20% of their initial balance. Aggressive accounts can only scale up their funding to $100,000. 

For both accounts, the tradable assets include Forex pairs, stocks, bonds, gold, and crypto. You can use up to 1:100 leverage on your trades, and trading tools and mobile app resources such as Account Metrix and Equity Simulator are also available. 

Evaluation 

This Forex prop firm has a two-step evaluation process starting with the FTMO Challenge, where you must meet trading objectives based on your chosen risk level and account. Step two is called Verification, where you also must meet trading objectives, but with a longer time and lower profit target. Once you pass the Verification stage, you officially become a funded FTMO trader.

Pricing

The fees you pay depend on your chosen risk level and initial balance. For Normal accounts, the fees range from $139.50 to $972. For Aggressive accounts, the fees range from $225 to $972. Payments and withdrawals can be done via regular bank transfers and Skrill, among other methods.

Competition Overview 

Where FTMO dominates: Profit splits, leverage, trader tools

Where FTMO falls short: Max fund size, scale-up opportunities

Traderseed
Traderseed
Traderseed

Best for traders looking for low prices and high payouts

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  • Low prices
  • Copy Trading is allowed
  • Weekend Trading is allowed
  • Max loss limit
  • Limited time to hit target

Overview

Offering multiple level programs and an opportunity to earn 20x or 30x your program fee and a free restart feature, Tradeseed is a challenge worth taking. The firm brings forward a new trading method unlike any other on the market.

Features

Traderseed is one of the most reliable prop trading firms that issues payouts to traders as soon as they pass a given level of their challenge. The level completion payouts are transparent, and can be found as part of the Challenge Objectives tables on the official website.

This demo platform offers two types of challenges: 20x Challenge and 30x Quest.

The 20x Challenge is a 4-level challenge after the completion of which you’ll have multiplied your fee by 20. Each level includes the same objectives and comes with a $100,000 account, 10% profit target, a 10% on max loss, and 5% max daily loss.

The 30x Quest earns Traderseed a seat amongst the highest-return prop trading firms, as this quest gives traders the opportunity to multiply their fee by 30. Each level comes with a different account size ranging between $100,000 to $500,000. Profit target ranges between 7% to 11%, while max daily loss and max loss start off at 7% and 12% respectively. To get a better idea of everything this challenge entails, visit the 30x Quest Objectives Table.

Traders looking for a more hands-free approach can opt for the 20x Aggressive Challenge.

Additionally, traders can put their skills to the test on the FX market, Bitcoin market, or trade in CFDs metals, oils, commodities, futures, and more.

Evaluation

One of the best things about Traderseed is that there’s no evaluation process, and anyone can set up an account. Prop traders have a 30-day time frame to complete their level.

Pricing

Traders can purchase the 30x Program for either $75, $150, or $250, while the 20x Program is available at $100 and $200, the same as the Aggressive 20x Challenge.

Competition Overview

Where Traderseed dominates: low prices, instant funding, a wide range of trading markets, payouts 20 to 30 times the amount of your fee

Where Traderseed falls short: time frame for hitting targets

City Traders Imperium
City Traders Imperium
City Traders Imperium

Best for UK traders looking for speedy scale-up opportunities

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  • Has aggressive scale-up opportunities
  • Allows for instant funding
  • High leverage
  • Expensive direct funding fees
  • 30-day minimum active trading
  • 5% max loss limit

Overview

City Traders Imperium, or CTI, is perfect if you don’t mind waiting a year to pass the evaluation and want aggressive scale-up opportunities once you start trading. However, if you don’t want to wait a year, you can pay more and get instant funding.

Features

Like many other prop trading firms, CTI asks you to undergo an Evaluation Account challenge. You receive ¼ of the funding instantly when you purchase an account. You can choose from five account sizes and must reach a target of 7% profits before getting funded. Once funded, you can start scaling up your account until reaching $2 million in balance.

CTI also lets you get Direct Funding accounts, and you can choose from four account sizes with no evaluation process. The profit target is 10%, and your account doubles every time you hit 10% in profits.

With CTI, you can get up to 70% profit splits and use up to 1:100 leverage. You must use stop-loss orders on every trade, and the max daily loss is 5%. For Evaluation Accounts, tradable assets include Forex pairs and gold. Direct Funding accounts let you trade currency pairs, gold, and indices.

Evaluation

Unlike other proprietary trading firms, CTI only needs you to undergo one phase, where you trade for at least 30 days and show consistency in your trading styles. The profit splits for the Evaluation program are 50%, and the growth target is 7%. This process can take up to one year, but you can get funded once you hit the profit target.

Pricing

Pricing depends on your chosen account option. The fees for Evaluation accounts range from £109 ($137) to £649 ($815). Meanwhile, the fees for Direct Funding accounts range from £999 ($1,255) to £3,099 ($3,893). You can pay fees through debit and credit cards, and withdrawals can be done using various methods, including PayPal.

Competition Overview 

Where City Traders Imperium dominates: Scale-up opportunities, UK market, instant funding

Where City Traders Imperium falls short: Fees, active trading days requirement, max loss limit

5%ers
5%ers
5%ers

Best for prop traders who focus solely on trading Forex pairs

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  • Designed for currency traders
  • Manages risks
  • Has a variety of accounts
  • Only 50% profit splits
  • High one-time fees per account
  • Only trades Forex pairs

Overview

5%ers prioritizes risk management and currency trading. Its two trading programs that include several levels each gauge how much risk you can take while earning profits. The maximum profit splits are up to 50%.

Features 

As one of the top prop firms for Forex traders, 5%ers makes you an official Funded Traders Partner when you receive instant funding and monthly profit payouts. You can access two programs that double as a risk-gauging scheme for the company.

The Risk Manager Program is for traders with trading styles or strategies that minimize risks while maximizing profits. You must maintain a 6% gain in profits and have a max loss limit of 4%. The leverage is at 1:6, and if you upgrade to higher levels within this program, your profit target is 10%. 

Meanwhile, the Aggressive Trader Program is suitable for traders with riskier trading styles. Their target profit is 12% on level one, and 25% on all other levels. The leverage is up to 1:30, and there are no restrictions on stop-loss orders.

Evaluation 

This prop firm for Forex evaluates traders through a level one account, which 5%ers use to gauge your trading personality. After paying a one-time fee, traders can choose the Risk Manager or Aggressive Trader account and meet their chosen program’s profit targets.

Pricing

The one-off participation fees for trading with 5%ers range from $275 to $875. Meanwhile, withdrawals are done using the Profit Payout button. Withdrawals up to $1,000 are done through PayPal, while anything higher than that is paid through Wise. You have one free withdrawal per month, and all subsequent withdrawals are charged $15 or a 3% handling fee. 

Competition Overview 

Where 5%ers dominates: Risk management, Forex market, number of accounts

Where 5%ers falls short: Tradable assets, profit splits, fees

Lux Trading Firm
Lux Trading Firm
Lux Trading Firm

Best for evaluation process with no time limits

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  • Limitless evaluation processing time
  • Plenty of tradable assets
  • Allows for swing trading and weekend holding
  • Low leverage
  • Tough drawdown limit

Overview

Lux Trading is perfect for beginner traders who want to spend as much time as possible hitting their evaluation goals. It offers up to $150,000 in trading money, with no recurring monthly fees and no time limits on your profit targets.

Features 

This proprietary trading firm offers trading in various securities on top of Forex, such as stocks, bonds, and CFDs. You can choose between three capital levels before getting a demo account and trying to meet profit targets.

This prop firm’s Professional accounts let you move to higher capital levels by meeting 10% profit target in 49 trading days. The max drawdown limit is 4%, which is reset to its initial level every month if you make profit withdrawals. The profit splits remain 65% for all stages.

Meeting those parameters doubles your account size until you reach $1 million in balance. This scale-up mechanism makes Lux Trading a cut above the rest. You can use a 1:10 leverage on Forex pairs and metals, 1:5 on indices, bonds, and commodities, and 1:1 on equity. Unlike other firms, Lux Trading allows overnight and weekend holding.

Evaluation

As one of the most fantastic proprietary trading firms for beginners, Lux Trading lets you take as much time as you want to reach your evaluation profit target of 6% and stay above the 4% max drawdown limit. Meeting the target within 29 trading days allows you to earn back your initial fee and move on to step two, which lets you use real capital. The parameters stay the same, but you keep 65% of the profits.

Pricing

The pricing for Lux Trading accounts ranges from £299 ($375) to £499 ($626). Withdrawals can be done via wire transfer, bitcoin, Wise, and more.

Competition Overview 

Where Lux Trading dominates: Evaluation processing time, tradable assets, trading styles  

Where Lux Trading falls short: Leverage, drawdown limit

Buyer’s Guide to Prop Trading Firms

Choosing the right firm for your trading needs might be challenging. There are a lot of options out there, and you have to choose wisely. This buyer’s guide will help you do just that!

What Is a Prop Firm Actually?

A prop firm is a financial firm or commercial bank that invests for direct market gains instead of earning commissions. They trade various securities such as stocks, futures, Forex pairs, bonds, and commodities like oil, metals, gold, and other financial instruments.

Banks and other financial institutions engage in prop trading to make excess profits, often getting better access to market information than average traders. Depending on their goals, these firms can use different trading styles.

If you’re considering investing in stocks and Forex—or other tradable assets—trying a prop trading firm will allow you to test your capability while earning money. They often let you use a demo account to prove your skills while also sharing a part of the profits with you.

How to Choose the Right Proprietary Trading Firm

When searching for a good prop firm to trade with, you should consider the following:

  • Tradable Assets

Check whether the firm has the asset you want to trade. Most prop firm entities are Forex-focused, but it’s not uncommon for companies to also trade other assets, such as TaaS stocks, futures, commodities like gold and oil, and other securities. Note that when you trade crypto here, you must consider crypto taxes, which can work a bit differently from usual tax rules for other securities. To be on the safe side, you might consider using tax software for crypto.

  • Profit Split

Consider how much you want to get from your earnings on every trade. A prop firm can let you have up to 90% of the net profits, but many offer lower than that. Before joining any online prop trading firms, decide what rate is acceptable for you.

  • Initial Balance

This is the amount of money your account will have when you first get it, and it’s used when calculating your max daily loss limits and profit targets. Your account balance typically scales up whenever you hit profit targets while minimizing losses.

  • Funding Time

You want to get a prop firm that offers instant funding. For instance, if you found in-demand stocks with low prices that you must buy quickly, you should be able to get funding right away—or the stock’s price movement will take away your chances at earning profits. Most firms require evaluation before funding real money, but others let you use a real account right away in exchange for a higher fee.

  • Additional Fees and Refunds

Prop firm trading often requires one-time fees before you can access demo and live accounts. Although many don’t refund fees, some firms offer reimbursements when you pass their initial verification and challenges. It’s wise to look for firms with promotions or discount offerings.

  • Limitations

This refers to what you can do with the account in terms of max daily losses, max overall losses, trading styles, and positions. For example, many firms require you to maintain losses below a certain rate, or prohibit specific trading styles or holding positions over the weekend, during news releases, or holidays. Make sure you fully understand the restrictions for each account before signing up.

  • Evaluation

Before you get an account with real money, you have to pass an evaluation process where the prop firm checks your ability to earn profits consistently while also minimizing the risks you take. You’re given a specific profit target and max loss limit that change as you pass each evaluation stage.

  • Mobile App

You want a prop firm that provides useful investment tools to maximize your chances of earning profits. These include powerful mobile apps and trading platforms like MetaTrader 4 and MetaTrader 5.

  • Customer Support

Check the firm’s customer support quality, as they should be easy to reach whenever you need help or assistance.

  • Traders Reviews

As trading company scams are rampant in the financial markets, you should be wary of them and check a firm’s reputation by reading traders’ reviews to gain insight into how they actually work with their traders.

Benefits and Drawbacks of Proprietary Trading Firms

Trading with a prop firm holds many benefits for traders, including:

  • Leverage

With a prop firm, you can access leverage that’s unavailable with traditional brokers and financial institutions. With leverage, you can take large positions in the market while spending only a portion of your trading capital. However, be careful—leverage magnifies potential losses as much as it amplifies potential profits.

  • Professional Support

You can trade alongside a team of seasoned traders willing to share their knowledge and trading styles with you. You may also access the prop firm’s educational resources to further hone your trading skills. Even if you’re a beginner, it’s easy to learn Forex trading and how it works when you’re surrounded by skilled individuals or familiarize yourself with researching stocks with their help.

  • Access to Huge Capital

The fee you pay for access to funds is quite small when compared to the thousands of dollars in trading money you’ll be able to use.

On the other hand, remote prop trading firms also hold some drawbacks you should watch out for:

  • Stress

Facing a thorough evaluation process scrutinizing your abilities can be quite stressful. You must meet profit targets that scale up whenever you meet previous ones, and not lose a specific amount of money on any trading day, or you’ll go back to square one. On top of that, there’s the ever-present unpredictability of the financial markets.

  • Job Security

Many critics question the profitability of the Forex market, and that’s another thing to consider. Are you sure this is what you want as a full-time job? If so, you must be ready to risk your own money to get a chance of making it big in the market.

  • Fees

While fees are small compared to the funds you can access, they can still accumulate and eat away at your profits. Unless you’re an experienced trader with money to spare, paying fees every time to miss targets and open a new funded account can be highly expensive.

Best Prop Trading Firms at a Glance

Company Tradable assets Profit split Initial balance Best for
Fidelcrest Forex, crypto, commodities, indices, and stocks 90% $25,000 to $1 million A plethora of account types and funding levels
SurgeTrader Forex, equities, major stock market indices, oil, metals, and crypto 75% $25,000 to $1 million Traders who want various tradable assets
Topstep Futures and Forex pairs 80% $50,000 to $150,000 Futures and Forex pairs trading
FTMO Forex, indices, commodities, stocks, crypto, bonds 90% $10,000 to $200,000 Prop traders who want the highest profit splits
Traderseed FX market, Bitcoin market, CFDs metals, oils, commodities, futures, and more N/A $100,000 to $500,000 Traders looking for an innovative approach to trading
City Traders Imperium Forex, gold, indices 70% $10,000 to $70,000 UK traders looking for fast scale-up opportunities
5%ers Forex pairs 50% $24,000 to $80,000 Prop traders who focus solely on trading Forex pairs
Lux Trading Firm Forex pairs, metals, bonds, indices, and stocks 65% $50,000 to $150,000 Evaluation process with no time limits

Wrap Up

When checking any list of prop trading firms, consider which one offers the most affordable and attainable trading parameters to ensure success in trading with them. Always check if they have the tradable assets you want to trade, whether that’s Forex pairs or other financial instruments. Decide what’s acceptable to you in terms of profit splits, targets, and limitations.

FAQ

Is Maverick Trading legit?

Maverick Trading isn’t a scam. It’s been around for several years and has become one of the most familiar names in the prop trading world. However, it’s also been reviewed endlessly, and not all reviews are stellar—many have called it a scam, while others think it’s not.

Is there a prop firm for stocks?

Yes, there is. In fact, a prop firm may allow you to trade more than just stocks—Forex pairs, commodities, crypto, indices, and other tradable assets. This gives traders flexibility when it comes to trading styles, allowing them to find the right market for their trading experience.

How much do prop trading firms make?

A prop firm’s profits vary widely depending on their programs and the number of traders. The best prop trading firms give their traders instant funding and most of the profits they make in the form of profit splits. So, the more their traders make, the more the companies earn.