Forex trading has become increasingly popular in recent years, with more and more individuals looking to enter the market and make a profit. However, trading on your own can be a daunting task, especially for beginners. This is where forex prop firms come in - they provide traders with the necessary tools, resources, and funding to trade successfully. But with so many options available, it can be overwhelming to choose the right prop firm for you. In this blog post, we will compare some of the top forex prop firms in the market to help you make an informed decision.
List best Forex Prop Firms in 2024
✅The5%ers Open An Account
✅ E8 Funding (E8 Markets) Open An Account
✅FTMO Open An Account
✅The Forex Funder Open An Account
✅ Fidelcrest Open An Account
✅LuxTradingFirm Open An Account
✅ Sabiotrade Open An Account
✅True forex Funds Open An Account
List Forex prop firms 2024
Forex prop firms comparison criteria
Funding Size:
Profit Split:
Minimum Deposit:
Other Criteria:
Forex prop firms comparison 2024
FTMO
History and Reputation
FTMO was founded in 2015 and has quickly gained a reputation as one of the top forex prop firms. They have a strong focus on risk management and provide traders with a structured trading plan to follow. FTMO also has a rigorous evaluation process, ensuring that only the most skilled traders are funded.
Their reputation is further solidified by their partnership with reputable brokers such as IC Markets and LMAX Exchange. They also have a large community of successful traders who have gone through their program and vouch for its effectiveness.
Fee
FTMO has a one-time fee of $155 for their Challenge, which is the first step in their evaluation process. If you pass the Challenge, you can then move on to the Verification stage, which has a fee of $165. Once you have successfully completed both stages, you will receive a funded account with a maximum size of $100,000.
Pros and Cons
Pros
Cons
Topstep
History and Reputation
Topstep was founded in 2012 and has since funded over 2,000 traders. They have a strong focus on education and provide traders with access to their trading platform, which simulates real market conditions. Topstep also has partnerships with reputable brokers such as Rithmic and CQG.
Their reputation is further strengthened by their transparent evaluation process, where traders can track their progress and see where they need improvement.
Fee
Topstep has a monthly subscription fee of $150 for their Trading Combine, which is the first step in their evaluation process. If you pass the Trading Combine, you can then move on to the Funded Account Preparation, which has a fee of $375. Once you have successfully completed both stages, you will receive a funded account with a maximum size of $150,000.
Pros and Cons
Pros
Cons
Funded Trading Plus
History and Reputation
Funded Trading Plus was founded in 2018 and has quickly gained popularity among traders. They offer a unique approach to funding, where traders can choose from different account sizes and risk levels. They also have a strong focus on education and provide traders with access to their proprietary trading platform.
Their reputation is further enhanced by their partnership with reputable brokers such as Oanda and FXCM.
Fee
Funded Trading Plus has a one-time fee of $99 for their Evaluation Program, which is the first step in their process. If you pass the Evaluation Program, you can then choose from different account sizes and risk levels, each with its own fee. The fees range from $199 to $499, depending on the account size and risk level chosen.
Pros and Cons
Pros
Cons
Fidelcrest
History and Reputation
Fidelcrest was founded in 2018 and has quickly become one of the top forex prop firms. They offer a variety of funding options, including a traditional evaluation process and a fast track program for experienced traders. They also have a strong focus on risk management and provide traders with access to their proprietary trading platform.
Their reputation is further solidified by their partnership with reputable brokers such as IC Markets and LMAX Exchange.
Fee
Fidelcrest has a one-time fee of $99 for their Challenge, which is the first step in their evaluation process. If you pass the Challenge, you can then choose from different account sizes, each with its own fee. The fees range from $199 to $499, depending on the account size chosen.
Pros and Cons
Pros
Cons
Surgetrader
History and Reputation
Surgetrader was founded in 2019 and has quickly gained recognition in the forex trading community. They offer a unique approach to funding, where traders can choose from different account sizes and risk levels. They also have a strong focus on education and provide traders with access to their proprietary trading platform.
Their reputation is further enhanced by their partnership with reputable brokers such as Oanda and FXCM.
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Fee
Surgetrader has a one-time fee of $150 for their Evaluation Program, which is the first step in their process. If you pass the Evaluation Program, you can then choose from different account sizes and risk levels, each with its own fee. The fees range from $250 to $500, depending on the account size and risk level chosen.
Pros and Cons
Pros
Cons
Funded Next
History and Reputation
Funded Next was founded in 2020 and has quickly gained traction among traders. They offer a unique approach to funding, where traders can choose from different account sizes and risk levels. They also have a strong focus on education and provide traders with access to their proprietary trading platform.
Their reputation is further solidified by their partnership with reputable brokers such as IC Markets and LMAX Exchange.
Fee
Funded Next has a one-time fee of $99 for their Challenge, which is the first step in their evaluation process. If you pass the Challenge, you can then choose from different account sizes, each with its own fee. The fees range from $199 to $499, depending on the account size chosen.
Pros and Cons
Pros
Cons
The 5ers
History and Reputation
The 5ers was founded in 2019 and has quickly become one of the top forex prop firms. They offer a variety of funding options, including a traditional evaluation process and a fast track program for experienced traders. They also have a strong focus on risk management and provide traders with access to their proprietary trading platform.
Their reputation is further enhanced by their partnership with reputable brokers such as Oanda and FXCM.
Fee
The 5ers has a one-time fee of $99 for their Evaluation Program, which is the first step in their process. If you pass the Evaluation Program, you can then choose from different account sizes, each with its own fee. The fees range from $199 to $499, depending on the account size chosen.
Pros and Cons
Pros
Cons
LuxTradingFirm
History and Reputation
LuxTradingFirm was founded in 2017 and has quickly gained recognition in the forex trading community. They offer a unique approach to funding, where traders can choose from different account sizes and risk levels. They also have a strong focus on education and provide traders with access to their proprietary trading platform.
Their reputation is further enhanced by their partnership with reputable brokers such as Oanda and FXCM.
Fee
LuxTradingFirm has a one-time fee of $150 for their Evaluation Program, which is the first step in their process. If you pass the Evaluation Program, you can then choose from different account sizes and risk levels, each with its own fee. The fees range from $250 to $500, depending on the account size and risk level chosen.
Pros and Cons
Pros
Cons
Nine Island Trading
History and Reputation
Nine Island Trading was founded in 2018 and has quickly become one of the top forex prop firms. They offer a variety of funding options, including a traditional evaluation process and a fast track program for experienced traders. They also have a strong focus on risk management and provide traders with access to their proprietary trading platform.
Their reputation is further solidified by their partnership with reputable brokers such as IC Markets and LMAX Exchange.
Fee
Nine Island Trading has a one-time fee of $99 for their Challenge, which is the first step in their evaluation process. If you pass the Challenge, you can then choose from different account sizes, each with its own fee. The fees range from $199 to $499, depending on the account size chosen.
Pros and Cons
Pros
Cons
The Prop Trading Co
History and Reputation
The Prop Trading Co was founded in 2019 and has quickly gained recognition in the forex trading community. They offer a unique approach to funding, where traders can choose from different account sizes and risk levels. They also have a strong focus on education and provide traders with access to their proprietary trading platform.
Their reputation is further enhanced by their partnership with reputable brokers such as Oanda and FXCM.
Fee
The Prop Trading Co has a one-time fee of $150 for their Evaluation Program, which is the first step in their process. If you pass the Evaluation Program, you can then choose from different account sizes and risk levels, each with its own fee. The fees range from $250 to $500, depending on the account size and risk level chosen.
Pros and Cons
Pros
Cons
Which Best Forex Prop Firms
Based on the criteria we've compared, here are our picks for the best prop firms:
FTMO: FTMO is our pick for the best overall prop firm. They offer a large funding size, a fair profit split, and a relatively low minimum deposit. They also have a robust evaluation process that helps to ensure that only profitable traders are funded.
The5%ers: The5%ers is our pick for the best prop firm for beginners. They offer a smaller funding size and a higher minimum deposit, but they also have a less rigorous evaluation process. This makes them a good option for traders who are new to prop trading and want to get started with a smaller account.
MyForexFunds: MyForexFunds is our pick for the best prop firm for experienced traders. They offer the largest funding size and the highest profit split, but they also have the highest minimum deposit and the most stringent performance targets. This makes them a good option for traders who have a proven track record of success and are looking to scale up their trading business.
Conclusion
Choosing the right forex prop firm is crucial for your success as a trader. Each firm offers a unique approach to funding and has its own set of pros and cons. It is important to carefully consider your trading style, goals, and budget before making a decision.
FTMO stands out for its structured trading plan and reputable brokers, but it comes with a higher fee compared to other prop firms. Topstep offers access to their trading platform and transparent evaluation process, but the monthly subscription fee may be a deterrent for some traders.
Funded Trading Plus, Fidelcrest, Surgetrader, Funded Next, The 5ers, LuxTradingFirm, Nine Island Trading, and The Prop Trading Co all offer a variety of funding options and partnerships with reputable brokers. However, they do not have a structured trading plan, which may be a disadvantage for some traders.
In the end, it is important to thoroughly research and compare different forex prop firms to find the one that best suits your needs and trading style. With the right prop firm by your side, you can increase your chances of success in the forex market.
