Prop firms that allow EA trading ?

The prop firms that allow EAs are especially attractive for algorithmic traders. Prop firms enable these traders to access large trading capital and operate their trading robots for maximum profit potential while lowering risks simultaneously. Since many prop trading firms prohibit EAs and other algorithmic trading software, algorithmic traders who need large trading capital need to search the web for reliable firms that allow them to use trading robots. In this guide, we will explain the whole prop trading firm’s pros and cons and list and review the most reliable and experienced prop firms that allow EAs.

What are EAs?

EAs or Expert Advisors are automated trading robots that are used mainly in MetaTrader 4 (MT4), and MetaTrader 5 (MT5) advanced trading platforms. Since these platforms are widely popular among Forex traders, the term EA became an umbrella term for all the automated trading robots for all trading platforms. For algorithmic traders, when seeking a reliable prop firm EA trading is also on the list of criteria.

EAs are algorithmic trading systems that have a list of rules that they execute automatically to assess the price movement according to predetermined criteria and open and manage trading positions. EAs have become very popular together with the introduction of advanced trading platforms such as MT4 and MT5, giving retail traders a unique ability to use automated trading systems without much investment of their money. There are also advanced forms of trading algorithms called HFT or High-frequency trading robots, which are not allowed by most firms. This is because these algorithms are expensive to develop, and it is very costly for prop firms to replicate their performance. For this reason, we are not listing prop firms that allow HFT EAs.

What is prop trading?

Proprietary trading companies also called prop firms have a unique business model where they generate revenue from direct financial trading on financial markets. They need traders to manage the firm’s capital and offer funded account challenges to attract traders to their platforms and ensure a mutually beneficial relationship. However, not all prop firms are equally reliable and many scams and frauds try to steal traders fees paid for the evaluation challenges. To avoid these risks, it is critical to only select prop firms that are reliable and transparent.

The appeal of prop firms that allow EAs

Reliable prop firms that allow bots are suitable for traders who love to use trading algorithms for automated trading. Prop firms offer traders funded accounts typically ranging from several thousands of dollars to 100,000 USD and more, enabling them to speculate on financial markets using trading bots without risking their own money.

The best prop firms with expert advisors

After reviewing and evaluating hundreds of proprietary trading companies, we have filtered some of the best options for traders who seek to start trading with EAs on funded accounts:

• Blue Guardian
• FTUK
• Instant Funding
• Forex Prop Firm
• FundYourFX

These firms are not only very reliable and legitimate, but they also offer competitive pricing for their challenge accounts and allow the use of all sorts of trading robots.

Blue Guardian — Lowest fees

Blue Guardian is undoubtedly the best prop firm with EA allowance, with a high reputation for offering safe and reliable prop services. The firm offers a diverse set of funded account types and its funding options range from 10 to 200k USD.

? Here are all the critical specs of the Blue Guardian prop firm:

• Year founded — 2019
• Based in — Solihull, West Midlands, England
• Minimum fee for a one-step account — 47 USD (3-step accounts)
• Minimum Blue Guardian funding — 10,000 USD
• Maximum Blue Guardian funding — 200,000 USD
• Blue Guardian daily loss limit — 4%
• Blue Guardian maximum drawdown — 6%
• Blue Guardian profit target — 10%
• Blue Guardian profit sharing (payouts) — 85%
• Trading platform — MetaTrader 4
• Trading markets — FX, FX Exotics, Indices, Gold & Commodities, and Cryptos

Sign up for a Blue Guardian account Here! ?

Blue Guardian Safety, Funding Options, and Assets

Blue Guardian has been around since 2019 giving it more than 5 years of experience in the prop trading industry, which directly indicates its legitimacy. Scam props come and go very quickly, and props that maintain market share for years are safe companies. Blue Guardian has very positive trader reviews on Trustpilot (4.8 score), another important metric for evaluating its safety. Add to this the fact that Blue Guardian is also partnered with a regulated broker, EightCap, and we can safely assume that Blue Guardian is a safe and reliable prop trading brand.

Blue Guardian offers 10k, 25k, 50k, 100k, and 200k USD funded options on all its funded account types, including unlimited, Elite, rapid, and 3 Step. Blue Guardian allows traders to access diverse markets of Forex pairs, indices, and commodities.

Sign up for a Blue Guardian account Here! ?

Blue Guardian Rules, Fees, and Platforms

Blue Guardian is a straightforward prop firm, it has only several rules including daily risk limit, maximum drawdown, and profit targets. With this approach, Blue Guardian ensures its capital is safe while enabling traders to employ a wide array of trading strategies. The typical daily risk limit is 4%, the maximum drawdown is 6%, and the profit target is typically 10%. Traders can withdraw 85% of their trading profits. Rapid Guardian has 1:50 to 1:100 leverage, and 85% profit share. The spreads are also very competitive with 0 pips on Forex major pairs, while the commission charged is 6 USD per lot round turn. The firm allows traders to access two trading platforms, MT4, and MT5. Mobile trading is also available via the mobile apps of MT4 and MT5.

Sign up for a Blue Guardian account Here! ?

Blue Guardian Education and Support

Blue Guardian is not focused on educational resources, as it is more focused on experienced traders. The firm offers a trader dashboard and tools to help its traders measure and monitor their performance. Blue Guardian support is excellent with live chat and email channels, and both the website and the support are in the English language.

FTUK — Highest maximum funding limit

FTUK is one of theea prop firms, that allows automated trading and is a very reliable and legitimate financial institution. The firm offers a wide range of funding options from 10k to 100k USD. Accounts include instant funding, one-step, and two-step evaluations. FTUK has an 80% profit-sharing and a maximum leverage of 1:100.

Sign up for an FTUK funding account Here! ?

? List of FTUK funding challenge specs:

• Year founded — 2021
• Based in — Dubai, United Arab Emirates
• Minimum fee FTUK account — 99 USD
• Minimum FTUK funding — 10,000 USD
• Maximum FTUK funding — 100,000 USD (6,760,000 USD with scaling)
• FTUK daily loss limit — None
• FTUK maximum drawdown — 8%
• FTUK profit target — 10%
• FTUK profit sharing (payouts) — 80%
• Trading platform — MetaTrader 4, MetaTrader 5
• Trading markets — Forex, commodities, indices, cryptos

Sign up for an FTUK funding account Here! ?

FTUK Safety, Funding Options, and Assets

FTUK has years of experience in the prop trading industry and is part of a regulated Forex and CFDs broker, EightCap. EightCap ensures FTUK offers a safe and reliable trading environment. The firm was launched in 2021 and has already managed to have positive reviews on Trustpilot. Offering funded options by FTUK include 10k, 25k, 50k, and 100k USD and there is a scaling plan of up to 6.76 million dollars. The firm allows for the 1:100 leverage ratio, which is more than enough. Tradable assets at FTUK include Forex pairs, commodities, indices, and cryptos.

FTUK Rules, Fees, and Platforms

FTUK has transparent and straightforward rules all listed on their website. The firm allows overnight and over-the-weekend holdings, EAs, and news trading. All accounts have mostly similar rules for their instant funding, one-step, and two-step.

FTUK fees for funded accounts that can be used for EAs include:

• 10,000 USD funding accounts – 99 USD fee
• 25,000 USD funding accounts – 179 USD fee
• 50,000 USD funding accounts – 269 USD fee
• 100,000 USD funding accounts – 499 USD fee

FTUK allows algorithmic traders to use advanced MT4 and MT5 platforms which support EAs actively and make it much easier to create, install, and launch robots. The spreads start from 0 pips on major pairs, enabling EA users to employ various scalping strategies.

Sign up for an FTUK funding account Here! ?

FTUK Education and Support

FTUK lacks educational materials, which is not an issue for EA traders. The firm ensures excellent support via live chat and email channels, and both the website and support are available in the English language.

Instant Funding — Highest funding speed

Instant Funding is among the best prop trading firms with EA, which is reliable and is baked in London, UK. The firm offers one of the lowest funded options in the industry starting from 1,250 dollars in funding, making it a cheap and beginner-friendly firm. The maximum funded ceiling is 100k USD and the firm offers a scaling plan to increase the funding even further up to 1.25 million USD. The firm allows EAs and has no time restrictions, which is also attractive.

? Instant Funding specs are as follows:

• Year founded — 2023
• Based in — London, United Kingdom
• Minimum fee on one-phase account — 79 USD
• Minimum one-phase funding — 10,000 USD
• Maximum one-phase funding — 100,000 USD
• One-phase daily loss limit — 3%
• One phase maximum drawdown — 6% smart drawdown
• One phase profit target — 10%
• One phase profit sharing (payouts) — 80% (90% for scaled accounts)
• Trading platform — MetaTrader 5, cTrader, DXTrade
• Trading markets — Forex, indices, commodities, cryptos

Sign up for an Instant Funding funded account Here! ?

Instant Funding Safety, Funding Options, and Assets

Instant Funding is a safe and reliable prop firm for several reasons. It is partnered with a regulated Forex broker, ThinkMarkets, ensuring a safe trading environment. The firm also has very positive trader feedback on Trustpilot, which is also important for safety. The range of funding options offered by Instant Funding is between 1,25k to 100k USD with a maximum leverage of 1:100, enhancing traders’ buying power even more. The profit target is mostly at 10% and can vary depending on the funded account option selected, such as Instant Funding, One-Phase, Two-Phase, and Three-Phase. The firm allows traders to access diverse assets including FX pairs, commodities, indices, and cryptos.

Sign up for an Instant Funding funded account Here! ?

Instant Funding Rules, Fees, and Platforms

The rules at Instant Funding are very simple, traders have to achieve the profit target without breaching the daily risk limit and maximum drawdown limits. Traders are allowed to use various trading strategies and EAs. The fees by Instant Funding for its one-phase funded accounts that allow EAs are super competitive with one of the lowest fees in the sector:

• 10,000 USD — 79 USD
• 25,000 USD — 149 USD
• 50,000 USD — 259 USD
• 100,000 USD — 429 USD

The firm offers access to advanced trading platforms including MT5, DXTrade, and cTrader. The spreads are the same for all platforms, and all of them can be downloaded as mobile apps for mobile trading.

Sign up for an Instant Funding funded account Here! ?

Instant Funding Education and Support

Instant Funding offers algorithmic traders responsive and high-quality support through live chat and email channels. There are various tools built into the dashboard to allow traders to monitor their progress. Both the website and support of Instant Funding are multilingual, which is very useful for international traders.

Forex Prop Firm — Solid offerings

Forex Prop Firm is another entry in our list of top prop firms for ea trading, with diverse funded options from 10k to 400k USD. The profit sharing is up to 95%, allowing traders to withdraw almost entire profits from prop trading. There is a comprehensive scaling plan, allowing traders to increase their maximum funding to up to 10 million USD.

? Here are important Forex Prop Firm specs for its funded accounts:

• Year founded — somewhere in 2015
• Based in — Quebec, Canada
• Minimum Forex Prop Firm account fee — 94 USD
• Minimum Forex Prop Firm funding — 10,000 USD
• Maximum Forex Prop Firm funding — 400,000 USD
• Forex Prop Firm daily loss limit — 4%
• Forex Prop Firm maximum drawdown — 6%
• Forex Prop Firm profit target — 10%
• Minimum trading days — None
• Commission — 4.5 USD per lot (0.45 USD per lot for indices)
• Forex Prop Firm profit sharing (payouts) — 80%
• Trading platform — MetaTrader 4, MetaTrader 5
• Trading markets — Commodities, Forex, Indices & Stocks

Sign up for a Forex Prop Firm account Here! ?

Forex Prop Firm Safety, Funding Options, and Assets

Forex Prop Firm has years of experience in the prop trading industry, making it a formidable company. The firm also offers trading services through a regulated Forex and CFDs broker, EightCap. Forex Prop Firm also has a 4.6 score on a Trustpilot platform, which adds to its legitimacy. Maintaining positive reviews from traders since 2015 is a testament to the reliability of Forex Prop Firm. The exact funding options include 10k, 25k, 50k, 100k, 200k, and 400k USD. The assets allowed for trading using EAs at FPF include Forex pairs, indices, commodities, stocks, and cryptos. The leverage restrictions include 1:30 for FX, 1:10 for cryptos, and 1:5 for stocks.

Sign up for a Forex Prop Firm account Here! ?

Forex Prop Firm Rules, Fees, and Platforms

FPF rules are straightforward and allow traders to use trading robots (EAs), and position holding overnight and over the weekends. The firm also allows traders to trade during the news, but copy trading is not allowed at the moment. The profit target typically is 5% which is very low, coupled with a 90% profit split which is very good.

The fees depending on the fund adoption of one-step accounts include:

• 10,000 USD — 94 USD one-time fee
• 25,000 USD — 209 USD
• 50,000 USD — 319 USD
• 100,000 USD — 549 USD
• 200,000 USD — 999 USD
• 400,000 USD — 1,899 USD

Overall, the fees at FPF are very competitive and flexible for both beginner and experienced algo traders.

Sign up for a Forex Prop Firm account Here! ?

Forex Prop Firm Education and Support

Forex Prop Firm does not offer education for beginner traders but has a trading blog available. Despite offering some educational posts, the blog is still not a proper replacement for actual learning materials. FPF customer services are excellent, on the other hand, with live and email support channels. The website and support are available only in English.

FundYourFX — Highest scaling

FundYourFX is among the bestprop firms that allow EA trading. The firm is reliable and has been around since 2021. Funded options offered by FundYourFX range from 7k to 80k USD funding, targeted at both beginners and experienced traders.

?Below is the list of FundYourFX specs:

• Year founded — 2021
• Based in — Indonesia
• The minimum fee for a FundYourFX account — 187 USD
• Minimum FundYourFX funding — 6,000 USD
• Maximum FundYourFX funding — 2,000,000 USD
• FundYourFX daily loss limit — None
• FundYourFX maximum drawdown — 6%
• FundYourFX profit target — 10%
• FundYourFX profit sharing (payouts) — 50-90%
• Trading platform — EightCap MetaTrader 4, MetaTrader 5
• Trading markets — Forex pairs, commodities, indices, cryptos

Sign up for a FundYourFX funded account Here! ?

FundYourFX Safety, Funding Options, and Assets

FundYourFX is a reliable prop firm that has considerable experience in the industry, allows EAs, and is partnered with regulated brokers to offer a safe environment. Trader reviews are also very positive on the Trustpilot. FundYourFX allows traders to trade various markets such as Forex pairs, commodities, cryptos, and indices. There are 40+ FX pairs, and over 300 different cryptos, allowing traders to use their EAs on crypto markets. With 6k to 2 million USD funded options, FundYourFX is suitable for both beginners and seasoned professionals with algorithms.

Sign up for a FundYourFX funded account Here! ?

FundYourFX Rules, Fees, and Platforms

The rules at FundYourFX are simple and include a 4% daily risk limit, a 6% maximum drawdown, and a 10% profit target. The profit split starts low and rises to up to 90% after profitable content trading using EAs. The fees are a bit expensive at FundYourFX from 187 dollars, but the firm allows traders to use advanced platforms TM4 and MT5, which are perfect for EAs. Mobile trading is also supported via mobile apps of the same platforms, allowing traders to trade and monitor their accounts on the go. Both platforms are provided via the regulated Forex and CFDs broker, EightCap, which is the main partner of FundYourFX.

Sign up for a FundYourFX funded account Here! ?

FundYourFX Education and Support

FundYourFX lacks educational materials and trading courses. The firm is mainly suited for experienced traders, and algo traders are experienced anyway. There is a blog, but it is not enough to learn trading from zero to hero. Customer support of FundYourFX is excellent, on the other hand, and includes popular channels like live chat and email. Both the website and support of FundYourFX are only in the English language, which is a slight downside.

The cheapest prop firms that allow EAs

When trading with propfirm EAs, traders need to be aware of minimum fees and other details and compare the top firms to each other. Here is the comparison table to make it a simple process.

These are not prop firms that allow HFT EAs, but they all allow for EAs.