Proprietary trading or prop trading offers financial traders a unique opportunity to access large trading capital and trade on financial markets such as Forex, indices, stocks, cryptos, and much more almost risk-free. Since there are hundreds of prop firms launched almost daily, it becomes critical to only select reliable options according to your trading needs. In this guide, we are going to explain what prop trading is, list the best prop firms, and review them as well.
A brief introduction to prop trading
Proprietary trading is a form of financial trading where traders access large trading accounts funded by proprietary companies to speculate on financial markets. Prop firms are financial companies that unlike brokers use their own capital to trade on financial markets and generate profits. These firms need to search for profitable and responsible traders who can wisely manage their capital and make profits. To protect their capital and select suitable traders, props usually require traders to pass evaluation challenges and trade with strict risk control. There are several rules to ensure firm capital is in safe hands, including daily risk limit,
The benefits of signing up for funded accounts
Funded challenges have several advantages over traditional financial trading, including:
- Access to capital — Prop firms allow traders to access funded accounts ranging from 5k USD to $100,000 and beyond, which is difficult to acquire as a retail trader otherwise
- Low-risks — Prop traders are not liable for losses on funded accounts and can try many times
- Access to technology — Prop firms offer trader dashboards with advanced tools to check traders’ performance and help them succeed
- Career development — Successful prop traders can easily aim for high-paying prop trading jobs
Unlike traditional financial trading where traders can lose all their money and even more, prop trading is a much safer option. The capital offered is considerably larger, and traders can trade almost risk-free. However, there are many scams to try to steal prop account fees and won’t allow withdrawals. This is why it is crucial to only select reliable prop trading firms.
Top 10 prop firms
Finding reliable prop firms and then choosing the most suitable one is crucial in prop trading. Here is the list of the top 10 prop trading firms operating in the industry right now.
Blue Guardian — Top Rated Prop Firm
Blue Guardian is among the most trusted prop trading firms in the world right now. The firm offers diverse funded options on several funded accounts, appealing to a wide range of trading styles. The fees are competitive, and trading conditions are attractive with low spreads and advanced trading platforms.
? Here is the list of the main specs of the Blue Guardian prop firm:
- Year founded — 2019
- Based in — Solihull, West Midlands, England
- Minimum fee for a one-step account — $54
- Minimum Blue Guardian funding — $10,000
- Maximum Blue Guardian funding — $200,000
- Blue Guardian daily loss limit — 4% (all accounts, all phases)
- Blue Guardian maximum drawdown — 6-10%
- Blue Guardian profit target — 6-10%
- Blue Guardian profit sharing (payouts) — up to 90%
- Trading platform — MetaTrader 5, MatchTrader, Tradelocker
- Trading markets — FX, FX Exotics, Indices, Gold & Commodities, and Cryptos
Sign up for a Blue Guardian funded account Here! ?
Blue Guardian Safety, Funding Options, and Assets
Blue Guardian is among a few prop firms that receive an excellent safety score on almost all review platforms. The firm has positive reviews on Trustpilot, offers trading through regulated brokers and liquidity providers, and has been around for years. The firm is an experienced brand that offers funded options ranging from 10k to 200k USD with the exact funded options being different for each funded account type Unlimited, Elite, Rapid, and 3-step. Traders can access various asset classes at Blue Guardian including Forex pairs (including exotic pairs), indices, commodities (including metals), indices, and cryptos.
Sign up for a Blue Guardian funded account Here! ?
Blue Guardian Rules, Fees, and Platforms
Blue Guardian offers straightforward rules that are slightly different for each funded account. The daily risk limit is 4% on all funded challenges, while the maximum drawdown varies from 6% to 10%. Traders have to hit a different profit target based on their funded accounts, which typically range between 6 to 10%. Since there are many accounts, traders can select one that suits their needs. Blue Guardian allows News trading, holding positions overnight and over the weekends, and various trading strategies. Fees are among the lowest on Blue Guardian funded challenges. The 3-step account has the lowest fee for a 10k challenge, starting from 54 dollars. The most popular 1-step account which is Rapid Guardian starts from 78 dollars for the 10k USD accounts which is super competitive in the industry.
Sign up for a Blue Guardian funded account Here! ?
Blue Guardian Education and Support
Blue Guardian offers diverse accounts to its traders and there is also a trader blog where interesting facts and pro tips are posted systematically. While this blog can not be used as a substitute for a proper education, it still is a really good read with plenty of information about trading.
Blue Guardian support is excellent as the firm has well-trained personnel who are ready to solve trader’s issues as fast as possible. There are live chat, and email and both the website and support are available in English.
FundedBull — Low fees and discounts
FundedBull is a reliable Forex prop trading brand launched by industry veterans that offers up to 90% profit-sharing. The firm offers a diverse range of funded account types and funded options from 5 grand up to 250k USD. Traders can purchase funded accounts with just 49 dollars and get up to 90% of their profits.
? FundedBull offers very attractive and competitive specs in the industry right now:
- Year founded — 2024
- Based in — Singapore
- Minimum fee for lowest funded option — $40
- Minimum FundedBull funding — $5,000
- Maximum FundedBull funding — $250,000
- FundedBull daily loss limit — 4%
- FundedBull maximum drawdown — 8%
- FundedBull profit target — 6%
- FundedBull profit sharing (payouts) — 90%
- Trading platform — DXTrade, MetaTrader 4, MetaTrader 5, cTrader, Match-Trader
- Trading markets — Forex, indices, commodities, cryptos
Sign up for a FundedBull funded account Here! ?
FundedBull Safety, Funding Options, and Assets
FundedBull is a young proprietary trading firm that has positive reviews on numerous platforms, indicating its legitimacy and dedication to providing quality services. The firm is partnered with multiple regulated liquidity providers, which is crucial for transparency. FundedBull offers diverse funded options including 10k, 25k, 50k, and 100k USD. There are several funded accounts offered, 1-step, 2-step, and 3-step. Traders can access several popular markets including Forex, indices, commodities, and cryptos.
Sign up for a FundedBull funded account Here! ?
FundedBull Rules, Fees, and Platforms
Rules at FundedBull are transparent and include a 4% daily risk limit, an 8% overall drawdown, and a 6% profit target, which is super competitive. A 5k 1-step account costs just $49, a 2-step 5k costs $44, and a 3-step 5k will cost just $40. Traders are allowed to trade during news and hold positions overnight. FundedBull allows traders to access several advanced trading platforms including DXTrade, MetaTrader 4, MetaTrader 5, cTrader, and Match-Trader, allowing them to use custom indicators and EAs.
Sign up for a FundedBull funded account Here! ?
FundedBull Education and Support
FundedBull is still working to develop educational sources and is not offering any at this time. The firm is still young and will provide educational materials shortly. Customer support at FundedBull is top-notch as well. The firm allows traders to use email and live chat using Discord, to quickly resolve any issues.
Funded Trading Plus — Diverse Funded Options
Funded Trading Plus is one of the most experienced prop trading firms that offer funded accounts ranging from 5k to 200k USD in funding. The firm also offers diverse funded challenge options including Instant, One-Phase, and Two-Phase. With an 80% profit sharing that can be increased depending on the trader’s skills, Funded Trading Plus really is an attractive and reliable prop trading brand.
? Funded Trading Plus specs are very competitive:
- Year founded — 2013
- Based in — London, UK
- Minimum fee for lowest funded account — $119
- Minimum Funded Trading Plus funding — $5,000
- Maximum Funded Trading Plus funding — $200,000
- Funded Trading Plus daily loss limit — 4%
- Funded Trading Plus maximum drawdown — 8%
- Funded Trading Plus profit target — 8%
- Funded Trading Plus profit sharing (payouts) — 80%
- Trading platform — Match-Trader, DXTrade, cTrader
- Trading markets — Forex, commodities, indices, cryptos
Sign up for the Funded Trading Plus funding account Here! ?
Funded Trading Plus Safety, Funding Options, and Assets
Funded Trading Plus has been around since 2013, making it one of the most trusted and experienced prop trading brands out there. The firm is also partnered with regulated brokers and liquidity providers who back all of its trading services, which is very important for safety and transparency. Online reviews are mostly positive about the firm on Trustpilot, making it a legitimate and reliable brand.
Funded Trading Plus offers several accounts, each with different funded options.
One-Phase funded account has 12.5k, 25k, 50k, 100k, and 200k options. Instant — No Evaluation allows traders to access 5k, 10k, 25k, 50k, and 100k amounts, and the Two-Phase account has 25k, 50k, 100k, and 200k USD options. Traders can use these diverse funded accounts to gain access to diverse markets including Forex minors, exotics, and majors, commodities, indices, and cryptos. The leverage is mostly 1:30 and spreads are very low.
Sign up for the Funded Trading Plus funding account Here! ?
Funded Trading Plus Rules, Fees, and Platforms
The rules by Funded Trading Plus are straightforward, traders have to follow daily risk limits and maximum drawdown while trading to hit the profit target. One-Phase account has a 10% profit target, a 4% daily risk limit, and a 6% maximum drawdown. The Two-Phase account has an 8% profit target, 4% daily, and an 8% maximum loss limit. Instant accounts have no profit target, but there is a 6% daily risk and a 6% maximum risk limit. Fees are different for each funded account. The one-Phase $12,500 funded account costs 119 dollars, the Two-Phase 25k account costs $247, and the 5k Instant account will cost $225.
Funded Trading Plus offers diverse trading platform options as well. The firm allows traders to access Match-Trader, DXTrade, and cTrader popular platforms available also for mobile devices. cTrader allows automated trading robots and custom indicators, while other platforms were primarily designed for prop trading.
Sign up for the Funded Trading Plus funding account Here! ?
Funded Trading Plus Education and Support
While the firm does not offer educational services, its customer support is among the best. Funded Trading Plus offers customer services through email, live chat, and hotline channels. The live chat is advanced and has a built-in help center to browse FAQs and get answers before contacting the support personnel, which is also very responsive. Both the website and support are offered only in the English language.
FTUK — Highest scaling
FTUK is among the best prop trading firms that offer excellent funded accounts with discounts. Traders can get up to 40% discounts on funded challenges, ranging from 10k USD in funding to 100k USD. The firm has probably the highest scaling ceiling among reliable prop firms, capped at 6.4 million dollars. This is crucial for experienced traders who want to get maximum funding to show their skills and generate substantial profits.
Sign up for an FTUK funding account Here! ?
? List of FTUK instant funding specs:
- Year founded — 2021
- Based in — Dubai, United Arab Emirates
- Minimum fee FTUK account — $99
- Minimum FTUK funding — $10,000
- Maximum FTUK funding — $100,000 (Up to $6,400,000 with scaling)
- FTUK daily loss limit — 5%
- FTUK maximum drawdown — 10%
- FTUK profit target — 10%
- FTUK profit sharing (payouts) — 80%
- Trading platform — DX Trade, Match-Trader, cTrader
- Trading markets — Forex (majors, minors, exotics), commodities, indices, cryptos
Sign up for an FTUK funding account Here! ?
FTUK Safety, Funding Options, and Assets
FTUK is another top prop trading firm that offers transparent and safe trading environments for prop traders. The firm is fairly experienced in the industry, has regulated brokers for trading services, and stands out with its positive trader reviews. Many traders evaluate FTUK’s pro services as among the best, which is a crucial factor for determining the safety of a prop firm.
FTUK funded options include 10k, 25k, 50k, and 100k USD accounts by default offered on three funded account types, One Step, Two Step, and Instant Funding. The firm allows traders to speculate on a range of financial instruments including Forex pairs (majors, minors, and exotics), commodities, indices, and cryptos. The leverage is up to 1:50 on Instant Funding and One Step, and up to 1:100 on Two-Step accounts.
Sign up for an FTUK funding account Here! ?
FTUK Rules, Fees, and Platforms
The rules at FTUK are simple. The firm requires traders to follow strict daily risk and maximum drawdown limits while targeting a 10% profit target. The daily risk limit is 5% which is very attractive, and the maximum drawdown is 10% which is also very forgiving. The fees at FTUK are competitive, just like any other top prop firm in this list. Two Step 10k account costs 99 dollars, One Step 10k has a 179-dollar fee, and the Instant Funding 10k account costs $199. FTUK trading platforms include popular advanced software DX Trade, Match-Trader, and cTrader. cTrader allows traders to use automated trading robots (cBots) and custom indicators.
Sign up for an FTUK funding account Here! ?
FTUK Education and Support
FTUK lacks comprehensive educational resources but offers detailed and simple explanations of all of its funding programs including One Step, Instant, and Two-Step accounts. There is also a trading blog that offers interesting and useful posts about trading and market insights as well.
FTUK support is top-quality and is offered via live chat and email channels. Both the website and support are offered in the English language.
The5ers — Pass the challenge first, pay the fees later
The5ers is one of the best prop trading firms that has been around since
Sign up for a The5ers funding account Here! ?
? List of FTUK funding account specs:
- Year founded — 2016
- Based in — Raanana, Israel
- Minimum The5ers funded account fee — $39
- Minimum The5ers funding — $5,000
- Maximum The5ers funding — $200,000 ($4 million through scaling)
- The The5ers daily loss limit — None-3%-5%
- The The5ers maximum drawdown — 5%-6%-10%
- The The5ers profit target — 6%-8%-10%
- The The5ers profit sharing (payouts) — 80% (up to 100%)
- Trading platform — MetaTrader 5
- Trading markets — Forex pairs, commodities, indices, stocks, cryptos
Sign up for a The5ers funding account Here! ?
The5ers Safety, Funding Options, and Assets
The5ers has been around since 2016 and is based in Israel, making it an experienced prop firm. Since the firm has been around since 2016 it has partnered with several regulated brokers and liquidity providers and has positive reviews on online platforms such as Trustpilot. Because of this information, The5ers is a legit and safe prop trading firm, assessed positively by traders around the world. The firm allows traders to access three different funded account types, allowing both beginners and experienced traders to find suitable funded options. The default funded amounts range from 5k to 200k USD accounts, while traders can achieve up to 4 million dollars in funding through the scaling plan. The three accounts are bootcamp, instant, and high-stakes accounts. The bootcamp is a 3-step challenge for beginners, the high-stakes account is a 2-step account, and the instant account allows you to get funded right away, and is, therefore, the most expensive.
Sign up for a The5ers funding account Here! ?
The5ers Rules, Fees, and Platforms
The5ers rules are different for each funded account option. The instant account offers a 3% daily risk limit, a 6% maximum drawdown, and a 10% profit target. The5ers bootcamp has no daily risk limit, but traders have to maintain a 5% max loss and achieve a 6% profit target.
Sign up for a The5ers funding account Here! ?
The5ers Education and Support
The5ers is a prop trading firm that is focused on beginners. This is very crucial for a reliable firm, as many beginners need proper education before starting to trade. The firm offers various trading courses, blogs, video guides, and more. The5ers has plenty of tools as well, including an economic calendar, allowing traders to check important macroeconomic developments before opening a trade. There is also a Bootcamp funded challenge account that is targeted at beginners. It allows traders to pay a tiny portion of a fee and pay the rest after passing the evaluation, which is super attractive for beginners.
The5ers support is excellent, and provided via live chat and email, and both the website and support are multilingual.
Traders With Edge — High maximum funding
Traders With Edge is a safe proprietary trading firm offering funded options from 2.5k to 1 million dollars on its three funded challenge accounts. The firm has been around since 2022 which gives it a slight experience in the industry. Traders can choose between DXTrade and Match-Trader platforms and trade Forex and CFDs with up to 1:1-00 leverage.
? List of Traders With Edge specs:
- Year founded — 2022
- Based in — Hong Kong
- Minimum Traders With Edge funded account fee — $55
- Minimum funding — $2,500
- Maximum funding — $1,000,000
- Traders With Edge daily loss limit — 3-5%
- Traders With Edge maximum drawdown — 5-10%
- Traders With Edge profit target — 10%
- Traders With Edge profit sharing (payouts) — 80% (50% on instant accounts)
- Trading platform — DXTrade, Match-Trader
- Trading markets — Forex, digital currencies, metals and energy, stock indices and 500 individual stocks
Traders With Edge Safety, Funding Options, and Assets
Traders With Edge is a reliable prop trading firm with more than 2 years of experience in the industry and accumulated multitudes of positive reviews from traders. The firm offers trading services through regulated brokers and liquidity providers, which is crucial for safety. Funded options range from 2.5k to 1 million dollars. There are three account types including 1-step, 2-step, and instant funded challenges. The 1-step account ranges from 5k to 1 million USD in funding, the 2-step account offers funding options between 5k and 400k, and the instant funding offers funded options from 2.5k to up to 40k. When it comes to assets, Traders With Edge offers diverse options including Forex, digital currencies, metals and energy, stock indices, and 500 individual stocks. There is also a scaling plan, allowing traders to increase their funding account further. The maximum leverage is capped at 1:100 which is more than enough for a prop trading.
Traders With Edge Rules, Fees, and Platforms
Traders With Edge has simplistic rules with a 5% daily risk limit and a 10% maximum drawdown. These rules are different for different accounts and traders can choose the most suitable funded account. The profit target is also different for each account and is mostly around 10%. The fees are super competitive. The 1-step 5k account costs $55 for the standard challenge and $88 for the aggressive mode with higher risk limits. The 2-step standard 5k challenge will cost $69 and Aggressive has a $110 price mark. Traders will have to pay $125 for the 2.5k instant account standard mode and $200 for the aggressive mode.
Traders With Edge allows traders to select from two advanced prop trading platforms, DXTrade and Match-Trader. Both platforms offer plenty of tools and features but lack custom indicators and automated trading robots.
Traders With Edge Education and Support
The firm offers few educational resources and mainly provides market insights for its traders. Traders With Edge has excellent support services provided via live chat and email channels. The website is multilingual together with support.
FXIFY
FXIFY is a reliable prop firm that offers 1-step, 2-step, and 3-step funded accounts with diverse funded options ranging from 10k to 400k USD. The firm offers up to 90% profit sharing through upgrades, and the smallest fee for a 3 Phase 10k account starts from $59.
? List of FXIFY specs:
- Year founded — 2023
- Based in — London, UK
- Minimum FXIFY funded account fee — $59
- Minimum FXIFY funding — $10,000
- Maximum FXIFY funding — $400,000
- FXIFY daily loss limit — 5%
- FXIFY maximum drawdown — 10%
- FXIFY profit target — 5-10%
- FXIFY profit sharing (payouts) — 75% (up to 90%)
- Trading platform — MetaTrader 4, MetaTrader 5, DXTrade
- Trading markets — Forex, indices, commodities, cryptos, stocks
FXIFY Safety, Funding Options, and Assets
FXIFY is a safe and reliable prop trading firm that offers superior safety. The firm was launched in 2023 which makes it a relatively young firm. FXIFY is partnered with FXPIG Forex and CFDs broker that is regulated and has a very high evaluation on the FPA. The firm also managed to accumulate positive trader reviews, indicating its dedication to safety and reliability. FXIFY offers three account types, 1-step, 2-step, and 3-step. The funded options range from 10k up to 400k and traders can access various instruments including Forex pairs, indices, commodities, stocks, and cryptos, through FXPIG broker. The default leverage is 1:30, but traders can upgrade it to 1:50 if they want to use more aggressive strategies.
FXIFY Rules, Fees, and Platforms
The rules are different for each funded challenge type. The 1 Phase funded challenge requires a 5% daily risk limit, 6% maximum drawdown, and 10% profit target. The 2 Phase funded challenge has a 5% daily risk limit, 10% maximum drawdown, and 10% profit target. The 3 Phase funded account has a 5% daily risk limit, 5% maximum drawdown, and 5% profit target as well. Traders will have to pay $85 for 1 Phase $10k account, 2 Phase 10k accounts have the same $85 fee, and 2 Phase 10k accounts are the cheapest starting from just $59.
FXIFY prop trading firm offers advanced platforms of MetaTrader 4, MetaTrader 5, and DXTrade. These platforms can be used on smartphones, making them mobile-friendly software.
FXIFY Education and Support
FXIFY does not offer webinars, seminars, and video guides. The firm has several tools to monitor trader’s performance.
FXIFY support is available through live chat and email channels, and there is also an extensive FAQs section. There are only English and Spanish languages supported.
