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? Low spread FX props ?

? Low spread FX props ?

Written by

Phillip Dosen

Written on

Aug, 2024

Updated on

Aug, 2024

Table of content

Proprietary trading has become a cornerstone of retail financial trading, offering traders a unique opportunity to access large trading accounts and generate profits in financial markets. Finding the best zero spread prop firms is essential to making prop trading very profitable and deploying scalping strategies that require the lowest spreads possible. Since the sector is growing fast, it becomes increasingly difficult to spot reliable prop firms that also offer low spreads for your scalping strategies, and in this guide, we are going to offer the best choices with brief reviews.

Prop trading explained ?

Proprietary trading or prop trading refers to firms that use their own capital to generate revenue from financial trading activities in the markets. Prop firms that we are considering, have a unique business model. They allow traders to use the firm’s capital and share a significant portion of profits after passing the evaluation, also called a funded account challenge. These challenges cost tiny fees depending on the funded amount and allow traders to gain access to significant trading capital if they pass the evaluation. Prop firms allow traders to trade with large trading accounts, which would be extremely difficult for retail traders to allocate on their own. Prop firms have strict risk limit rules, such as daily risk limit and maximum drawdown, to protect their capital from irresponsible trading. There are several distinct advantages of using a funded account:

  • Access to capital — Prop firms allow traders to access serious trading capital, sometimes ranging from 10k to 100,000 USD and beyond. This is serious money and allows traders to make more than enough for a living, potentially replacing a traditional 9 to 5 job.
  • Risk-free trading — Prop traders are not liable for losses incurred in prop accounts, making it risk-free trading. Traders only risk their fee paid for the challenge, which is tiny when compared to trading accounts they can access.
  • Trading for a living — Prop trading can allow traders to generate significant profits and the majority of reliable firms allow traders to withdraw 80-90% of those profits, making it a powerful source of income when done wisely.
  • Career development — Successful prop traders can easily attract investors or start working for the prop trading firm and access even larger trading capital, which presents unparalleled career opportunities for dedicated traders.

Overall, prop trading presents unique opportunities for retail traders to access enough trading capital to generate profits higher than traditional salary. Prop firms attract traders who can trade profitably, while prop traders can access significant trading accounts and make profits, creating a mutually beneficial relationship. To find out which prop firm has the best spreads, we have ranked the best prop companies we have reviewed.

Why low spreads matter in prop trading ?

As we have already mentioned, prop trading firms have strict risk limit rules. Some firms also prohibit traders from holding open positions overnight and over the weekends. Many firms also prohibit trading during major news releases, narrowing the trading window even further. These rules can seriously hinder a trader’s ability to use most trend-following and swing trading strategies, using a scaling method as the only viable option. Scalping refers to trading to catch extremely short-term price movements, and spreads can eat up most of these profits. When scalpers are searching for a reliable prop firm low spreads become one of the top priorities.

The Top Low Spread FX Props ?

Here are our choices for the lowest spread prop firms that are reliable and have very positive trader reviews:

While not all of these brands are raw spread prop firms, they offer spreads near 0 pips, which can be incredibly useful in financial trading when you have to follow strict risk rules.

FTUK — Highest maximum funding

FTUK is a reliable low spread prop firm that allows traders to access one of the highest-funded accounts, allowing them to earn serious profits. The firm allows traders to keep 80% of profits made in financial trading, and its funding options range from 14k to an astonishing 5 million dollars.

Sign up for an FTUK low spread funding account Here! ?

? List of FTUK instant funding specs:

  • Year founded — 2021
  • Based in — Dubai, United Arab Emirates
  • Minimum fee low spread account — 149 USD
  • Minimum low spread funding — 14,000 USD
  • Maximum low spread funding — 90,000 USD (6,760,000 USD with scaling)
  • Low spread daily loss limit — None
  • Low spread maximum drawdown — 8%
  • Low spread profit target — 10%
  • Low spread profit sharing (payouts) — 80%
  • Trading platform — MetaTrader 4, MetaTrader 5
  • Trading markets — Forex, commodities, indices, cryptos

Sign up for an FTUK low spread funding account Here! ?

FTUK Safety, Funding Options, and Assets

FTUK has many years of experience, as it started in 2021. The experience in this sector is significant, as there are hundreds of firms established almost daily. The firm has also positive reviews on Trustpilot and offers trading services through a regulated broker, EightCap. EightCap is regulated by Australian ASIC and is known for its low spreads from 0 pips on major pairs. For these reasons, FTUK is one of the most reliable prop firm with low spreads. The firm also offers diverse funding options of 14k, 40k, 60k, and 90k USD in default funding options. There is a scaling plan, allowing traders to increase their base funding to over 5 million dollars. Traders can access diverse assets at FTUK including Forex, commodities, indices, and cryptos. The leverage is capped at 1:100 and depending on the asset can vary.

FTUK Rules, Fees, and Platforms

FTUK has very transparent rules that can be seen on its website. There are no hidden rules, which is crucial in prop trading to avoid frustration. Holding open positions overnight and over the weekends are both allowed. All accounts have similar rules, while fees are different. The lowest fee starts from 99 USD for 10k 2-step accounts. All three accounts offer competitive fees and low spreads. The firm offers advanced trading platforms including MT4 and MT5, as it is partnered with EightCap. The commission for 0 pips trading is 6 USD per lot round turn, which is below the industry average.

Sign up for an FTUK low spread funding account Here! ?

FTUK Education and Support

Currently, FTUK is offering few educational resources to novice traders. There is a trading blog, but it can not be used for education. The firm excels in offering quality customer support with live chat and email channels. FTUK website as well as support are only available in the English language.

Blue Guardian — Lowest fees

Blue Guardian is on the list of lowest spread prop firms that is also very reliable and has been around for years. The funded account options offered by Blue Guardian range from 10k to 200k USD, and there is also a scaling plan to increase maximum funding further. The lowest fee on the lowest 10k account starts from 87 dollars, which is very attractive.

? 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 low spread account — 87 USD
  • Minimum Low spread funding — 10,000 USD
  • Maximum Low spread funding — 200,000 USD
  • Low spread daily loss limit — 4%
  • Low spread maximum drawdown — 6%
  • Low spread profit target — 10%
  • Low spread profit sharing (payouts) — 85%
  • Trading platform — MetaTrader 4
  • Trading markets — FX, FX Exotics, Indices, Gold & Commodities, and Cryptos

Sign up for a Blue Guardian low spread account Here! ?

Blue Guardian Safety, Funding Options, and Assets

Blue Guardian has been around since 2019, making it very experienced in the proprietary trading scene. The firm has very positive reviews on a number of web platforms, including Trustpilot, where it managed to get a 4.8 very high score. The firm is partnered with EightCap, a regulated Forex and CFDs broker from Australia, offering low spreads from 0 pips. As for the funded options, Blue Guardian offers 10k, 25k, 50k, 100k, and 200k USD funded challenges. The firm offers three funded account options, Unlimited Guardian, Elite Guardian, and Rapid Guardian. Traders can access diverse markets on their funded accounts including Forex pairs, indices, and commodities.

Sign up for a Blue Guardian low spread account Here! ?

Blue Guardian Rules, Fees, and Platforms

Blue Guardian has straightforward rules with a 10% profit target, a 4% daily risk limit, and a 6% maximum drawdown. For some accounts, the firm offers even better rules. The leverage is 1:50 to 1:100 and traders can withdraw up to 85% of profits made in prop trading. Since Blue Guardian is backed by EightCap the firm allows traders to access advanced trading platforms MetaTrader 4 and MetaTrader 5. Mobile trading is also possible through mobile app versions of these platforms.

Sign up for a Blue Guardian low spread account Here! ?

Blue Guardian Education and Support

Blue Guardian does not offer many educational resources, as the firm mainly targets trailers with some experience. The firm allows traders to access trader dashboards and tools helping them analyze their performance and track progress. Blue Guardian support is excellent and provided via live chat and email support. Blue Guardian website and support are available only in the English language.

Instant Funding — Highest funding speed

Instant Funding is a reliable and popular prop firm with zero spreads. The firm is located in the UK, London, and has been around since 2023. Instant Funding offers very diverse funding options starting from 1,250 dollars and up to 200k USD. The scaling plan allows traders to gradually increase their funded account size up to 1.25 million dollars.

Sign up for an Instant Funding low-spread account Here! ?

? Instant Funding specs are as follows:

  • Year founded — 2023
  • Based in — London, United Kingdom
  • Minimum fee on low spread account — 79 USD
  • Minimum low spread funding — 10,000 USD
  • Maximum low spread funding — 100,000 USD
  • Low spread daily loss limit — 3%
  • Low spread maximum drawdown — 6% smart drawdown
  • Low spread profit target — 10%
  • Low spread 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 low-spread account Here! ?

Instant Funding Safety, Funding Options, and Assets

What Instant Funding lacks in experience, it makes it with positive trader reviews and a safe trading environment. The firm is partnering with a regulated broker, ThinkMarkets, which ensures low spreads and high execution speeds. The positive reviews on Trustpilot indicate Instant Funding is a trader-oriented prop firm which is crucial in the prop trading sector. The funding options, as mentioned above, are diverse from 1.25k to 200k USD and the leverage is capped at 1:100 depending on the trading asset. The firm allows traders to speculate on several markets including Forex pairs, commodities, indices, and cryptos. The scaling plan requires traders to hit a 10% profit target, and Instant Funding will increase their default funding amount.

Instant Funding Rules, Fees, and Platforms

The rules are simple at Instant Funding, no hidden rules are applied and traders can select a trading strategy that suits their needs. The fees for the one-step accounts, which are the most popular, are as follows:

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

Traders can speculate on the instruments using MetaTrader 5, DXTrade, and cTrader at the lowest spreads.

Sign up for an Instant Funding low-spread account Here! ?

Instant Funding Education and Support

Instant Funding provides excellent customer support with its FAQ section, live chat, and email channels. There are tools to monitor trader’s performance and progress which are accessible from all devices. Instant Funding website is also multilingual.

Forex Prop Firm — Solid offerings

While not a prop firm with lowest spread, Forex Prop Firm still offers very low spreads and has a tremendous experience in the prop trading industry. Since 2015, FPF or Forex Prop Firm has been offering quality funded trading experiences. The funding options range from 10k to 400k USD and the firm also offers a scaling plan, which helps traders to increase their maximum funding up to 10 million dollars.

? Here are important Forex Prop Firm specs for its 1-step funded account:

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

Sign up for a Forex Prop Firm low spread account Here! ?

Forex Prop Firm Safety, Funding Options, and Assets

The firm has been around since 2015 and has very positive feedback from traders on Trustpilot, which adds to its legitimacy. Forex Prop Firm is also associated with the regulated broker EightCap, which means FPF, is a legitimate and reliable prop trading platform that can be trusted. FPF has a 4.6 score on the Trustpilot, making FPF a legitimate and reliable prop trading company. The funding options are diverse and include accounts with 10k, 25k, 50k, 100k, 200k, and 400k USD amounts. The trading assets accessible on FPF funded accounts include Forex currency pairs, commodities, indices, cryptos, and stocks. The maximum leverage is 1:30 for Forex pairs, 1:10 for cryptos, and 1:5 for stocks. With these many asset classes offered, FPF is truly one of the best prop firms with low spreads that offer superior diversity.

Sign up for a Forex Prop Firm low spread account Here! ?

Forex Prop Firm low spread account Rules, Fees, and Platforms

FPF rules are simple and plain, allowing traders to use trading robots (EAs), and hold open positions overnight, and over the weekends. Forex Prop Firm allows trader news trading but prohibits copy trading activities. Traders need to hit at least a 5% profit target to withdraw profits, and the profit sharing is 90%. The fees are competitive at FPF, allowing traders to access funding cheaply.

Sign up for a Forex Prop Firm low spread account Here! ?

Forex Prop Firm Education and Support

Forex Prop Firm does not offer educational resources as of yet. The firm is more focused on experienced traders. The firm offers a trading blog which consists of posts about the firm’s services and products. FPF has live chat and email support channels, and both support and website are in the English language.

FundYourFX — Highest scaling

FundYourFX is another prop firm with best spreads in our list of reliable prop brands. The firm is experienced and offers funding options ranging from 6k to 2 million dollars.

?Below is the list of FundYourFX specs:

  • Year founded — 2021
  • Based in — Indonesia
  • The minimum fee for a one-step account — 197 USD
  • Minimum Low spread accounts funding — 6,000 USD
  • Maximum Low spread accounts funding — 2,000,000 USD
  • Low spread daily loss limit — None
  • Low spread maximum drawdown — 5%
  • Low spread profit target — 10%
  • Low spread profit sharing (payouts) — 50-90%
  • Trading platform — EightCap MetaTrader 4, MetaTrader 5
  • Trading markets — Forex pairs, commodities, indices, cryptos

Sign up for a FundYourFX low spreads account Here! ?

FundYourFX Safety, Funding Options, and Assets

FundYourFX is partnered with a regulated broker, which makes it legitimate together with its decent experience in the industry. The reviews on the Trustpilot are positive, adding to its legitimacy. As for the trading assets, FundYourFX offers access to a number of asset classes, including Forex pairs, cryptos, indices, and commodities. The firm allows access to over 40 FX pairs and 300 cryptos. The funding options range from 6k to 2 million dollars.

Sign up for a FundYourFX low spreads account Here! ?

FundYourFX Rules, Fees, and Platforms

The rules by FundYourFX include the 4% daily risk limit, 6% maximum drawdown, and 10% profit target. The profit sharing starts at lower levels and increases up to 90% after consistent trading on the funded account. All the fees are refundable at FundYourFX after the trader passes the evaluation. The firm offers advanced trading platforms like MT4 and MT5, allowing traders to comprehensively analyze financial markets and make accurate decisions. Mobile trading is available through mobile apps of these platforms.

Sign up for a FundYourFX low spreads account Here! ?

FundYourFX Education and Support

FundYourFX lacks educational services or resources. The firm is mainly focused on attracting experienced traders. It offers a trading blog which can not be used for trading education. Customer support is provided using a live chat, and there are not many other options except email. Both the website and support are only offered in the English language, which is a minor downside. Overall, FundYourFX offers robust prop trading products and has refunding policies to allow traders to get back their fees paid for the challenges.

✅ Comparison of the lowest spread prop firms

To compare and select the best spread prop firms, we have created a table.

Firm Min funding Max funding Min funding fee Profit share Daily loss limit Max loss limit
Instant Funding 10,000 USD 100,000 USD 79 80% 3% 6%
Blue Guardian 10,000 USD 200,000 USD 87 USD 85% 4% 6%
FPF 10,000 USD 400,000 USD 94 USD 80% 4% 6%
FTUK 14,000 USD 90,000 USD 149 USD 80% None 8%
FundYourFX 6,000 USD 2,000,000 USD 197 USD 50-90% None 5%

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