Prop Firms That Allow Trade Copiers: List of Best Prop Firms

Home

Prop firms that allow trade copiers

Written by

Phillip Dosen

Written on

Sep, 2024

Updated on

Sep, 2024

Table of content

Copy trading allows investors to replicate the trading performance of successful financial traders by copying their trading positions onto their platforms. Proprietary trading firms, on the other hand, offer traders the necessary trading capital through funded accounts to use these copy trading services. However, there are two challenges, one is to find reliable prop firms, and another is to find reliable prop firms that allow copy trading. To combine these factors into one guide, we will briefly explain what copy trading is and provide a list of the most trusted prop trading brands that allow traders to use copy trading.

Copy trading explained in prop trading

Copy trading refers to replicating another trader’s trading performance by copying their trading positions. For example, If you are copying someone else’s trades, there are platforms and software that allow your account to take exact trades the original trading account took at the same time. Trade copiers allow you to replicate a professional trader’s performance. Surely, some traders might just get signals in Telegram or other messenger apps and manually open trading positions themselves, but if you are scalping it is better to automate the process. Some platforms support copy trading. However, not all prop trading platforms allow copy trading, and traders must carefully select a reliable prop firm that allows this kind of trading activity. Prop copy trading and trade copiers do the exact same thing, as we explained, allowing traders to replicate other trader’s performance. Copy trading has both pros and cons. The biggest advantage is to outsource trading expertise and copy highly successful trader’s performance using the firm’s trading capital, which can be super attractive, especially for beginners. Traders who do not have enough time and experience to trade themselves might find copy trading attractive, but it also has several big disadvantages. When you employ a trade copier for prop firms, you are solely dependent on someone else’s expertise and have no control over your trading performance. It also slows down development as a trader as all signals are copied from other traders.

Benefits of copy trading prop firms

The main benefits of using prop firm copy trading are to outsource trading expertise and use experienced traders’ skills to maximize your profits. Here are the main pros of copy trading on a funded challenge account:

Increased chances of success — Copying experienced trader’s decisions increases the chances to pass the challenge and make profits
Higher profit potential — If trades are copied from highly experienced traders, it is possible to make big profits
Reduced time — When outsourcing trading decision-making, the time for analyzing prices and markets is greatly reduced
Emotional management — By outsourcing trading decision-making to experienced professionals, traders can reduce stress to perform.

The one challenge with copy trading is to find reliable signal providers to ensure highly accurate trading.

The best prop firm that allows copy trading

Below is the list of the most reliable and trusted prop trading brands that allow copy trading.

FundedBull — Low fees and discounts

FundedBull is one of the best trade copier prop firms with 90% profit-sharing and fees of just $40. Funding options range from 5k to 250k, and traders can use copy trading services on 1-step, 2-step, and 3-step FundedBull accounts.

📝 FundedBull offers very attractive and competitive specs in the industry right now:

Year founded — 2024
Copy trading — Yes
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

FundedBull Copy trading

FundedBull allows copy trading between its accounts and other platforms, allowing prop traders to trade profitably. The firm does not have any specific policies and rules for copy trading, giving traders flexibility.

FundedBull Safety, Funding Options, and Assets

FundedBull is a young prop firm that has amassed positive trader reviews and all its funded accounts are backed by regulated brokers. FundedBull funded options include 5k, 10k, 25k, 50k, 100k, and 250k USD amounts offered on 1-step, 2-step, and 3-step funded accounts. FundedBull allows traders to access a range of markets including Forex, indices, commodities, and cryptos.

FundedBull Rules, Fees, and Platforms

Traders have to follow the following rules to ensure their copy trading strategies pass the challenge and generate profits, a 4% daily risk limit, an 8% maximum drawdown, and a 6% profit target. A 5k 1-step account costs just $49, a 2-step 5k costs $44, and a 3-step 5k will cost just $40. News trading is allowed and traders can hold open positions overnight, and over the weekends. FundedBull trading platforms include DXTrade, MetaTrader 4, MetaTrader 5, cTrader, and Match-Trader. Mobile trading is available through mobile apps of these platforms.

FundedBull Education and Support

FundedBull does not offer educational resources currently but has excellent support via live chat, email, and Discord support channels.

Blue Guardian — Top Rated Prop Firm

Blue Guardian is a renowned prop firm that allows copy trading, offering up to 90% profit-sharing and 10k accounts for 54 dollars.

📝 Here is the list of the main specs of the Blue Guardian prop firm:

Year founded — 2019
Copy trading — Allowed
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

Blue Guardian Copy Trading

Blue Guardian allows copy trading and multiple account management. Copy trading is allowed only from accounts that are legally bound to the funded account owner. Traders can:

Copy trade between Blue Guardian funded accounts
Copy trade from Funded to evaluation accounts and vice versa
Copy trade between Blue Guardian account and external accounts

So, the firm allows all kinds of copy trading, and traders can copy trade between their Blue Guardian accounts or using external accounts.

Blue Guardian Safety, Funding Options, and Assets

Blue Guardian has one of the highest scores on Trustpilot, offers trading services through regulated brokers, and has been around for years. The firm offers several funded account types, such as Unlimited, Elite, Rapid, and 3-step. The funded options range from 10k to 200k dollars, and traders can speculate on Forex pairs, commodities, indices, and cryptos.

Blue Guardian Rules, Fees, and Platforms

Blue Guardian has different rules for each account, but mostly it offers a simplistic approach. Traders have to follow a 4% daily risk limit, a 6 to 10% maximum drawdown, and a profit target of around 10%. Blue Guardian allows News trading, holding positions overnight and over the weekends, and copy trading as well. Blue Guardian pricing is competitive. The Rapid (1-step) account starts costs 78 dollars for a 10k challenge, and the 3-step account charges 54 dollars. Blue Guardian platforms include advanced software such as MetaTrader 5, MatchTrader, and Tradelocker, and mobile trading is available.

Blue Guardian Education and Support

Blue Guardian offers educational resources, allowing beginners to learn and pass the challenges. There is also a blog. The support is excellent and includes live chat and email. Both the website and support are multilingual.

FTUK — Highest scaling

FTUK is a popular copy trading prop firm that allows trade copiers and offers an 80% profit-sharing. It has been around for some time and offers one of the highest scaling plans of up to 6.4 million dollars.

📝 List of FTUK instant funding specs:

Year founded — 2021
Copy trading — Allowed
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 — DXTrade, Match-Trader, cTrader
Trading markets — Forex (majors, minors, exotics), commodities, indices, cryptos

FTUK Copy Trading

FTUK allows traders to copy trades from a non-FTUK account to an FTUK account but prohibits copy trading between multiple FTUK accounts. To explain it better, if a trader has multiple FTUK funded accounts, they can not place the same trades on more than one of their funded accounts. However, traders can freely use trade copiers from outside sources.

FTUK Safety, Funding Options, and Assets

FTUK was launched in 2021 making it an experienced firm. All trading accounts are backed by regulated brokers and FTUK also amassed positive retail trader reviews, making it a safe and reliable prop firm. Funded options are 10k, 25k, 50k, and 100k amounts and funded account types include One Step, Two Step, and Instant Funding. Traders can access various instruments in Forex pairs, commodities, indices, and cryptos. The leverage is 1:50 on instant and 1:100 on other accounts.

FTUK Rules, Fees, and Platforms

FTUK rules are straightforward with a 5% daily risk limit, a 10% maximum drawdown, and a 10% profit target. The pricing is competitive at FTUK. 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 are DX Trade, Match-Trader, and cTrader. Mobile trading is available through the cTrader mobile app.

FTUK Education and Support

FTUK has no educational resources but offers excellent customer support via live chat and email options. There is a trading blog and the firm explains all of its accounts in detail for beginners.

The5ers — Pass the challenge first, pay the fees later

The5ers prop firm allow copy trading, making them one of the most trusted copy trading firms out there. The firm allows copy trading and offers 80% profit-sharing. Funding options range from 5k to 200k amounts and rules are forgiving.

the 5ers review 📝 List of 5%ers funding account specs:

Year founded — 2016
Copy trading — Allowed
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

The5ers Copy Trading

The5ers allows copy trading on its funded accounts. If traders have multiple Bootcamp accounts, they need to trade different copy trading strategies, meaning traders should avoid opening the same trades.

The5ers Safety, Funding Options, and Assets

The5ers is a safe and reliable prop firm as it offers trading through regulated brokers and has positive trader reviews on Trustpilot and other online platforms. The three account types by The5ers 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 instantly without an evaluation period. The funded options are from 5k to 200k USD. The firm allows traders to access Forex pairs, commodities, indices, stocks, and cryptos.

The5ers Rules, Fees, and Platforms

The5ers has a 3% daily risk limit, a 6% maximum drawdown, and a 10% profit target. The Bootcamp account has no daily risk limits, but other accounts require it. The fees are very competitive and a Bootcamp account allows traders to pay a small portion of the fee upfront and pay the rest when they pass the challenge, which is the most beginner-friendly approach. The firm allows trading through the advanced MetaTrader 5 platform, and mobile trading is also available using the MT5 mobile app.

The5ers Education and Support

While the firm lacks educational resources, it offers a dedicated trading account with learning materials for beginners, Bootcamp. The5ers offers excellent support via live chat and email options.

Traders With Edge — High maximum funding

Traders With Edge is a reliable trade copier prop firm with 80% profit-sharing. The fees start from 55 bucks on the smallest account and the maximum funded option is 1 million dollars. The firm allows traders to use popular platforms, DXTrade and Match-Trader, and asset selection is very wide.

📝 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 Copy Trading Rules

The firm allows trade copiers but with certain restrictions. Traders can copy trades across their funded accounts and from other platforms. However, traders are not allowed to copy traders who are trading on Traders With Edge funded accounts. Copying of trades to another trader is not allowed, but traders can open the same positions on several accounts.

Traders With Edge Safety, Funding Options, and Assets

Traders With Edge is a safe prop firm because it backs all trading by regulated brokers and has positive trader feedback, indicating the firm is reliable. The three funded accounts are 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.

Traders With Edge allows traders to access Forex pairs, cryptos, indices, stocks, and commodities. There are around 500 individual stocks offered. The firm has a scaling plan, allowing the trader to increase their funding. The maximum leverage is capped at 1:100.

Traders With Edge Rules, Fees, and Platforms

Traders With Edge rules include a 5% daily risk limit, a 10% maximum drawdown, and around 10% profit target. The fees are 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.

The firm offers DXTrade and Match-Trader, popular platforms. Mobile trading is available as well.

Traders With Edge Education and Support

Traders With Edge lacks educational resources but provides excellent support experience. There are live chat and email options, and both the website and support are multilingual.

FXIFY — Safe and reliable, high maximum funding

FXIFY is among the best prop firms that allow trade copiers. The firm offers diverse funded accounts including 1-step, 2-step, and 3-step options. The firm has 90% profit-sharing which is very attractive, and the smallest fee starts from 59 dollars for 10 grand funded accounts.

fxify review 📝 List of FXIFY specs:

Year founded — 2023
Copy trading — Allowed
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 Copy Trading Rules

FXIFY allows copy trading between FXIFY accounts and also from other accounts. Copy trading from third parties is prohibited, but traders can open the same positions on their several FXIFY accounts. However, traders need to send a copy of a master trading account statement in HTML.

FXIFY Safety, Funding Options, and Assets

FXIFY is a reliable prop that has positive trader reviews and offers trading through regulated brokers. There are three accounts including 1-step, 2-step, and 3-step options. The funded options include 10k to 400k dollars and trading assets include Forex, commodities, indices, stocks, and cryptos. The leverage is 1:30 and traders can increase it to 1:50 through upgrades.

FXIFY Rules, Fees, and Platforms

FXIFY rules differ for each funded account type the firm offers. 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. The fees are competitive. Traders can pay $85 for 1 Phase $10k account, 2 Phase 10k accounts have the same $85 fee, and 3 Phase 10k accounts are the cheapest starting from just $59. FXIFY allows traders to access advanced platforms, MetaTrader 4, MetaTrader 5, and DXTrade. Mobile trading is available through mobile apps.

FXIFY Education and Support

FXIFY lacks educational resources. The firm offers excellent customer support experience via live chat and email channels. There is also a FAQ section, and both website and support are available in the English language.

Comparison of prop firms that allow trade copiers

Here is the comparison table to see and compare the best prop firms that allow trade copiers and select the most suitable firm.

Firm	Copy Trading	Max funding	Min funding fee	Profit share	Daily loss limit	Max loss limit	Profit target
FundedBull	Yes	250,000 USD	40 USD	90%	4%	8%	6%
Blue Guardian	Yes	200,000 USD	54 USD	80%	4%	10%	10%
FTUK	Yes	100,000 USD	99 USD	80%	5%	10%	10%
The5ers	Yes	200,000 USD	39 USD	80%	5%	10%	10%
Traders With Edge	Yes	1,000,000 USD	55 USD	80%	5%	10%	10%
FXIFY	Yes	400,000 USD	59 USD	75%	5%	10%	10%

How to pass the funded challenge using trade copiers

To pass the funded challenge using copy trading, there are several crucial factors to consider. First of all the source of trading signals must be an experienced trader or well-tested software with a profitable track record. Then you have to ensure the strategy used by the trade copier aligns with the rules and trading conditions of the firm you selected. Ensure the firm allows copy trading for you to replicate third-party trades. Contact the firm’s support via email or live chat to ask for details and ensure the firm allows the copy trading you are going to use. After this, it is time to sign up for a challenge and replicate the trading performance of the signal provider.

FAQs on the prop firms that allow trade copiers

Is copy trading legal in prop trading?

What are prop firm trade copiers?

Which is the best trade copier for prop firms?

Which prop firm allows copy trading?

How do prop firms detect copy trading?