10 Best Forex Prop Firms | Forex Broker Report (2024)

10 Best Forex Prop Firms | Forex Broker Report (1)

Find The Top Prop Firms In 2023

With so many new Forex Prop Firms coming into the industry and funding traders all around the world, it’s becoming increasingly harder to choose which firm to get your funded accounts from.

When choosing your funded account there are so many factors to think about, from your trading system, to drawdown, to leverage, to trading requirements and general reputation of the Prop Firm.

We have compiled a very simple but in-depth comparison of the worlds leading Forex Funding options.

We’ve also compiled a new list of a the best instant funding prop firms too, for the inpatient traders and a list of the best prop firms for swing traders, for the patient traders!

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10 Best Forex Prop Firms | Forex Broker Report (4)

1. Lux Trading Firm

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5/5

Lux Trading Firm are a highly rated prop firm offering initial funding of up to $1,000,000 with a 75% profit split.

They offer an amazing scaling program up to $10M, with multiple industry-leading features such as their unique offering to trade on TradingView’s charts, large selection of CFD’s, 500 Crypto’s, 12,000 Stocks, Elite Packages, and no time limits make it the perfect funding option!

Lux Trading is one of the few online prop firms offering real trading capital, and trading with a regulated A-book broker! Click here for my full Lux Trading Firm review now!

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2. The5%ers

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5/5

The5ers are one of the most highly respected prop firms in the world, and it’s for good reason. They have an amazing reputation, up to 100% profit share, funding up to $4,000,000, and they double your account funding every milestone. The5ers have really realistic trading requirements, with no tie limit to pass the initial challenge!

Due to the long time duration and being able to hold trades over the weekend, this is the PERFECT choice for all types of traders.

Click here for my full The5%ers review, looking at the pros, cons and everything you’ll need to know!

3. Goat Funded Trader

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5/5

Goat Funded Trader is a new prop firm offering up to $800,000 in funded trading capital for forex traders with a 95% profit split!

The company offers no time limit of challenges and extremely relaxed rules on trading, making it a viable option for many different types of retail traders looking to grow their trading portfolio!

They have a payout on demand feature, great spreads, a one step challenge and are soon to be releasing a scaling plan!

Have a read of my full Goat Funded Trader review now!

4. MyFundedFx

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5/5

MyFundedFx is proving to be one of the worlds most popular prop firms, taking over the industry in the last few months. MyFundedFx offer an innovative 1-step funding process, allowing traders to get funded from just 1 trade, potentially!

With up to $300,000 in trading capital, an 80% profit split, rapid withdrawals and no time duration on challenges, it’s clear to see why they’re taking over the industry!

I recently got funded with MyFundedFx so have a read of my full MyFundedFx review, detailing my experience!

5. Trade The Pool

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4/5

Trade The Pool is the leading prop firm for funding stock traders– providing traders with up to $260,000 in buying power and over 12,000 stocks to trade and you can go long and short any penny stock!

With free trading data, up to 80% profit splits and partnerships with many of the top stock trading companies, it’s clear to see how TTP is taking over the stock prop firm industry and garnered such a glowing reputation!

6. Surge Trader

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4/5

Surge Trader is a highly respected US prop firm offering forex traders a 75% profit split and funding of up to $1,000,000 after the challenge stage.

Unlike most prop firms, the company offer trading on all forex and cryptocurrencies, making it a great option for those traders that like to diversify. With an Eightcap partnership, instant funding, flexible rules and live funded accounts, it’s clear to see how they have gained such a great reputation!

Click here for my full Surge Trader review!

7. FTMO

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5/5

FTMO is the worlds leading prop firm and has really taken the industry by storm over the last few months with the famous $100,000 account challenge. FTMO have the best reputation in the industry, great support for traders, a 70% profit share, a range of top brokers to choose from, simple trading rules and funding up to $400,000 for top traders!

I have personally been using FTMO since 2020 and I have nothing but positive things to say about the firm.

In fact, click here for my full FTMO review, looking at my experience over the last 2 years.

8. ForexPropFirm

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5/5

ForexPropFirm are a fairly new prop firm offering traders capital of up to $10,000,000 with a 90%+ profit split! You’ll have access to either a 2-step challenge, a 1-step challenge or an instant funding account with leverage, weekend holding allowed and relaxed trading rules!

FPF offer an aggressive capital scaling plan with capital being doubled at every 10% profit milestone, so it’s no wonder traders are loving them!

For more information about the funding, have a read of our full ForexPropFirm review!

Largest Payout Ever - The Funded Trader

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5/5

The Funded Trader was launched in June 2021 and offers traders funding of up to $1,500,000 with a 90% profit split!

The company offers a one step $100,000 challenge, and two step challenges with initial funding of up to $400,000! The company has recently released the largest payout in the industry to date, of $120,000 in one month! With an aggressive scaling plan, 1:200 leverage and weekend holding allowed, it’s clear to see why they have such a great reputation.

Find out how they’re taking over the industry in our full The Funded Trader review.

9. MyForexFunds

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5/5

MyForexFunds is a new prop firm founded in 2020, offering traders up to $50,000 in instant funding with no challenge needed! If you fancy taking on a performance challenge, you can obtain up to $200,000 of initial funding and a profit split of up to 85% with no maximum daily drawdown limit!

They have an account type for beginner traders, experienced traders and professional traders, making sure every type of forex trader is catered for!

Find out why this new prop firm is rapidly growing now in this My Forex Funds review. As of September 2023, MFF has had their assets frozen. Click here to read the full MyForexFunds Assets Freeze breakdown.

10. FunderPro

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FunderPro is becoming one of the most popular forex prop firms and has a very unique offering. In fact, many of the industry leading prop firms utilise FunderPros tech prop kit to run their businesses as they supply a tech stack for prop firms.

FunderPro offers traders real capital funding of up to $5,000,000, unlimited time durations on challenges, 80% profit split and 1:100 leverage, making it a great home for all types of forex traders!

We recently obtained funding from FunderPro, so have a read of our full FunderPro reviewto see if it’s the prop firm for you!

11. Funded Trading Plus

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5/5

Funded Trading Plus is the highest rated prop firm in the industry, offering one stage funding, instant funding and a classic two stage funded account.

With no time limit, up to 90% profit splits, funding up to $200,000, the industries best scaling plan and a flawless reputation across thousands of reviews – it’s no wonder traders have been flocking to Funded Trading Plus over the last few months!

For more information about their funding, click here for my full Funded Trading Plus review now!

12. ProFund888

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5/5

ProFund888 is a brand new prop firm launched in August 2023, offering traders up to $500,000 in trading capital and a generous 80% profit split!

The company offer both one step and two step evaluations with no time limits, 1:100 leverage and very relaxed trading rules! They’re partnered with Eightcap and provide a trading course to funded traders, from their sister company. With real trading capital, it’s clear to see that this will be one of the largest firms in the industry within the next few years.

Find out how they’re taking over the industry in our full ProFund888 Review!

13. OspreyFx

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5/5

OspreyFx, a well known forex broker are now funding traders as a part of their offering.

OspreyFx are offering funded accounts up to $200,000, weekly payouts, a 70% profit split and you’ll be working with an established brokerage firm, rather than a pop up prop shop!

It’s clear to see how they are doing so well, as one of the only brokerages offering funded accounts right now. Click here for our full OspreyFX Prop Firm review!

14. Blue Guardian

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4/5

Blue Guardian are a fairly new UK based prop firm offering traders up to $200,000 in trading capital. With an 85% profit split, 1:100 leverage, realistic profit targets and relaxed rules, it’s obvious why Blue Guardian have got such positive reviews!

For more information on the offering and our experience in getting funded, have a read of this full Blue Guardian review!

15. TradingFunds

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5/5

TradingFunds is a brand new prop firm launched in June 2023, offering traders funding up to $200,000 with a huge scaling opportunity of up to $2,000,000!

The firm offers a one step trading challenge, ranging from $25,000 to $200,000 in trading capital with up to 90% profit split, leverage, bi-weekly withdrawals and an aggressive scaling plan!

TradingFunds has no time duration on challenges, allows weekend holding, EA’s and even removed their daily drawdown limits to allow traders to let trades breath! This is one to keep your eyes on!

Find out how they’re taking over the industry in our full TradingFunds review!

16. City Traders Imperium

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4/5

CTI are a London based prop firm offering up to $2,000,000 in funding with one of the fastest scaling plans! You have access to a 70% profit share, instant funding, 1:10 leverage, up to a year to pass the evaluation, no restrictions on trading styles and just a 10% profit milestone to reach!

If you start with the $70,000 funding, by the time you have obtained a 60% gain, CTI will have you trading a $2,000,000 account!

For more information about how the funding works, click here for my full City Traders Imperium review!

17. FX2Funding

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4/5

FX2 Funding are a new prop firm offering traders real/live trading capital ranging from $10,000 to $200,000. With 85% profit split, no minimum or maximum time durations, one stage evaluation and no stop loss requirements, this firm will be the go-to for traders in no time!

With an aggressive scaling plan too, they’re a great firm for all traders whether you’re swing trading, day trading or high frequency.

For more information on how their funding works, have a read of my full FX2Funding Review!

18. Crypto Fund Trader

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4/5

Crypto Fund Trader is a relatively new prop firm offering $200,000 in funding to traders focusing on both Crypto and Forex markets!

With an 80% profit split, no commissions, low spreads and a huge amount of instruments to choose from, it’s no wonder Crypto Fund Trader is getting a huge amount of positive press at the moment from traders around the world.

Click here for my full Crypto Fund Trader review!

19. Ultimate Traders

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4/5

Ultimate Traders is a new prop firm offering traders capital of up to $400,000! With a 90% profit split and a range of add-on features to make your challenge easier, this is a prop firm worth keeping your eyes on!

Ultimate Traders offer either 1 step or 2 step funding and relaxed trading rules for traders looking to get funded.

For more information, have a read of our full Ultimate Traders Review.

20. Finotive Funding

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4/5

Finotive Funding are a relatively new prop firm offering traders funded accounts ranging from $2500 to $200,000! With a 95% profit split, unlimited trading duration and an instant funding account, it’s no surprise Finotive is racking up a lot of press!

With prices as low at $50, they cater to traders of all sizes and might be the perfect choice if you’re looking to quickly scale your capital!

For more information on how their funding works, click here to read my full Finotive Funding review!

21. FundYourFX

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2/5

FundYourFX is another new prop firm offering a completely new spin on the usual prop firm funding model for retail traders.

Traders obtain instant funding and work through 8 levels to compound their trading accounts all the way up to $1.75M in funding!

With such a great scaling opportunity, 70% profit split, real money funding and fast payouts, it’s clear to see why FundYourFX has such positive reviews!

Have a read of our FundYourFX review here, to hear our experience with the prop firm!

22. Audacity Capital

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3.5/5

Audacity Capital are a prop firm based out of the U.K, operating since 2012 and have funded over 5000 traders with capital to scale up their trading career. They offer no evaluation stage, a real life trading floor experience and a generous profit split of 50%.

This is coupled with their rapid scaling program that could have you trading huge capital in no time!

Find our more about this funding option in our Audacity Capital full review now!

23. Top Tier Trader

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3.5/5

Top Tier Trader are a very highly rated forex prop firm offering funding up of to $200,000, with an 80% profit split. The initial funding is great but there is also a scaling plan up to $2M, 1:100 leverage, weekend holding and bi-weekly withdrawals!

For more information on how they have earned their great reputation, click here for my Top Tier Trader review.

24. Funded Academy

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3.5/5

Based out of Australia, Funded Academy is a brand new prop firm offering funding to traders of up to \$2,000,000. They have an aggressive scaling plan, 80% profit split, 1:200 leverage and very achievable milestones.

The company has excellent reviews so far, but the volume of reviews is low due to this being a new company. This is definitely one to keep your eyes on, this is going to be a powerhouse in the next few months.

Click here to read my full Funded Academy reviewand everything you need to know!

25. Maverick Trading

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3/5

Maverick Trading is one of the most well respected prop firms in the industry, offering a training course and funding to consistently profitable traders. With a profit split of 70-80%, leverage and a comprehensive training program, it’s a perfect choice for newer traders trying to learn the ropes before getting funded.

Click here for our in-depth Maverick Trading review!

26. The Prop Trading

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3/5

The Prop Trading is an Australian prop firm offering funding of up to $200,000. They offer 1:200 leverage, an 80% profit split, a scaling plan and a range of forex pairs, cryptos and indices to choose from. The company released $2,800,000 of profit splits to traders in 2021 – making them one of the largest players within the industry!

They have a two step process to get funded and a very achievable profit target of 8%.

If you’re interested in hearing more, click here to read my full 2023The Prop Trading review.

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27. Topstep

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3/5

Topstep is a great funding option for forex traders and futures traders around the world. Founded in 2012, they offer up to $500,000 in buying power, a simple ruleset, groundbreaking coaching from professional traders and they have really set the bar for futures markets prop funding.

Find out why this firm is so highly rated now in this full Topstep review.

28. True Forex Funds

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3/5

True Forex Funds is a new prop firm offering up to $400,000 in funding to profitable forex traders. The funded accounts are awarded after passing a 2 step challenge, then traders will receive an 80% profit split every 2 weeks! The company is quickly growing in positive praise over the last few weeks.

Click here for my full, in-depth review of True Forex Fundsoffering.

29. T4T Capital

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3/5

Traders4Traders Capital is a relatively new prop firm offering initial funding of up to $1,000,000! They are offering the largest amount of capital for traders able to pass their challenge, compared to any other prop firm.

For those traders looking to manage less initial capital there is a very aggressive scaling up program that sees your capital doubled every 10% you make.

Click here for the full review of T4T Capital now!

30. Forex Traders UK

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2.5/5

Forex Traders UK is a new prop firm offering up to £1,000,000 in funding to forex traders. They offer up to £10,000 in instant funding, 90 days to complete the profit target, a huge range of trading instruments and a 50% profit split.

They don’t have a huge number of reviews yet but all reviews are extremely positive.

This is definitely a funding option to keep your eyes on over the next few months, check out our full Forex Traders Uk reviewhere for more in-depth information.

31. Ment Funding

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2.5/5

Ment Funding is a funding option for profitable forex traders, offering funded accounts of up to $1,000,000 with a 75% profit split! The firm offers the largest amount of capital in the industry right now, with no limit on how many funded accounts you are able to trade.

With 1:10 leverage on over 300 tradeable pairs, is this the prop firm for you?

Find out more in our full Ment Funding Review.

32. Funding Made Simple

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2.5/5

Funding Made Simple is a new forex prop firm offering funded accounts ranging from $5,000 to $200,000. The company offers an 80% profit split, 1:100 leverage, cryptocurrency pairs, weekend holding and a huge scaling plan up to $1,000,000!

Have a read of our full in-depth Funding Made Simple review, looking at the pros, cons and benchmarking against other offerings.

33. Alphachain

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2/5

Alphachain is a relatively new prop firm offering funding from $5,000, scaling all the way to $1,000,000. The company offers instant funding or up to 1 year to pass a challenge, with a 50% profit split, realistic drawdown limits and up to 1:100 leverage!

Your account will be doubled for every 10% profit you make so the potential for funding is huge – have a read of our full Alphachain review.

34. Funded Next

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1/5

Funded Next, founded in March 2022, is one of the newest players in the game with over 100+ positive reviews within the first month of trading. The firm is offering a standard evaluation based model, alongside an instant funding model for traders looking to grow their capital under management overnight.

With 1:100 leverage, a 10% maximum loss and an 80% profit split, this is certainly a viable funding option for budding forex traders!

35. Savius

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1/5

Savius is a new forex and futures prop firm offering up to $250,000 in funding to traders. They have a fairly standard funding model, including a challenge step and a verification before getting funded.

Savius is the only prop firm I’ve seen that has a monthly fixed income for traders, alongside their 80% profit split and 1:200 leverage!

36. E8 Funding

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1/5

E8 Funding, like most new prop firms, offers profitable traders huge amounts of demo capital to trade with, whilst extracting real profits from the markets. E8 Funding offers capital, ranging from $25,000 to $25,000 with a simple 2 step verification process (much like FTMO).

The funding model is completely scaleable and traders are able to increase their capital by $100,000 each month if they become part of the Elev8 offering.

With a great offering and an amazing backend for reporting, it’s clear to see why the positive reviews are flying in!

37. Digital Pit

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0.5/5

Digital Pit is an online forex prop firm, headquartered in Singapore, offering capital of up to \$100,000 to profitable forex traders around the world.

The company uses the industry standard 2-stage challenge and verification model, alongside 1:30 leverage and a 70% profit split.

Digital Pit has a backend platform with advanced account metrics to help traders perfect their craft and further utilise their funded accounts.

38. TraderSeed

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0.5/5

TraderSeed is a very interesting funding option for forex traders as they offer huge discounts on the FTMO challenge. They allow you to take FTMO challenges for less than 40% of the normal price, in exchange for a 10% profit share of your FTMO withdrawals!

This is a really great idea for newer traders that may need to take a few challenges to get funded.

Find out why traders are loving this idea in this TraderSeed review.

39. Speedup Trader

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0.5/5

Speedup Trader are a New York based prop firm offering funding for traders of up to $600,000. Alongside forex trading, they are one of the best in the industry for futures funding, with over 40 platforms to connect to and free data provided.

With a great 80% profit share, if you’re interested in learning more about Speedup Trader then click here for my full review of Speedup Trader.

40. Fidelcrest

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0.5/5

Fidelcrest is a forex focused prop firm, offering traders around the world capital of up to \$400,000. They offer one of the largest profit splits in the industry of 80%, which over 6000 traders are capitalising on.

Fidelcrest also offer a scaling plan up to $800,000, with your account have an extra 25% added for every 15% profit you make, over a 3 month period.

If you’re interested in 1:100 leverage, a huge 80% profit share and up to $400,000 in funded capital, check out my full Fidelcrest reviewhere with everything you’ll need to know!

41. Enfoid

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0/5

EnFoid is a relatively interesting prop firm offering funding of up to $700,000. They offer a profit split of 50% and have a completely free funding option, where you are able to take a 3 stage challenge, then receive a funded account of $50,000.

They also offer 2 other funding options which are great for traders that already have a track record within the forex markets.

If you’re interested in learning more, click here for my full Enfoid reviewwith every you’ll need to know!

42. Funded Trader

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0/5

Funded Trader is a relatively new prop firm offering a huge amount in funding, with no fees! they offer a huge profit split, simple trading rules and a range of different instruments to trade including stocks!

Funded Trader has very positive reviews, although not too many as they’re new to the industry.

They’re definitely a prop firm to keep your eyes on for the future but for now, have a read of our Funded Trader review.

43. Corp Equity Capital

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0/5

Corp Equity Capital is a new forex prop firm, launched in July 2021, offering funding of up to $5M to profitable traders. With a 90% profit split, 1:100 leverage and an instant funding model, it’ll be interesting to see what the company does over the next few months. Currently CEC’s reputation isn’t great so we are sitting on the fence with this one, butclick here for a full Corp Equity Capital review.

44. DT4X Trader

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0/5

DTX Trader were one of the industries leading prop firms, but have since stopped trading.

45. BluFx

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0/5

BluFx were one of the industries leading prop firms, but have since stopped trading.

46. Funding Talent

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0/5

Funding Talent was one of the world leading forex prop firms, with a tight nit community of funded price action traders. As of December 2021, Funding Talent ceased offering funded accounts to traders and there is an investigation ongoing as to the reasoning for this. If you’re interested, please do check outour full review of Funding Talent(before funding was stopped).

10 Best Forex Prop Firms | Forex Broker Report (2024)

FAQs

Which forex prop firm is best? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • True Forex Funds.
  • The 5%ers.
  • Funded Next.

Which prop firm is the most reliable? ›

Best Prop Trading Firms 2024 - Reviewed by Experts
  • Topstep.
  • The 5%ers.
  • Earn2Trade.
  • SurgeTrader.
  • FTMO.
  • E8.
  • City Traders Imperium.
  • Fidelcrest.
Feb 2, 2024

What are the top 5 futures prop firms? ›

The top futures prop firms are TopStepTrader, Jane Street, FTMO, 3Red Partners and The Trading Pit. Jane Street and 3Red Partners are very secretive about their fees and profit splits but they do offer some of the best technology and high-frequency trading.

Why is FTMO banned in the US? ›

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

Which prop firm is better than FTMO? ›

FunderPro: FunderPro is the most popular alternative to FTMO. It has a similar two-step challenge process, but the requirements are slightly more lenient. For example, the FunderPro Challenge requires a 10% profit target in 30 days, while the FTMO Challenge requires a 12% profit target.

Is FTMO allowed in the US? ›

Please note that FTMO does not provide services to persons in/from (both nationals and residents) Iran, Syria, Myanmar, North Korea and USA, persons listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously banned because of breach of contract.

Do prop firms really pay out? ›

Yes, prop firms do pay. While there are some scams out there popping up everyday, reputable prop trading firms like True Forex Funds, FTMO,5%ers,FundedNext are legitimate and pay traders according to their profit-sharing agreements. As for True Forex Funds, I can vouch for their credibility.

Which prop firm has the lowest fees? ›

Best cheap forex prop firms
  • FTMO: evaluations starting at $399.
  • TopStepTrader: Challenges starting at $375.
  • T4tCapital: Flexible evaluation options starting at $299.
  • Funded Trading Plus: Starting at $25.
  • Earn2Trade: $99 Mini challenge.
  • True Trading Group: $49 evaluation with a $25,000 virtual account.
Feb 27, 2024

Are there any legitimate prop firms? ›

FTMO (previously known as MyForexUniverse) is one of the largest and best-known prop firms globally. Based in the Czech Republic, they provide funded accounts up to $400,000 to traders that can pass their evaluation.

What is the best prop firm in 2024? ›

FTMO. FTMO is one of the leading prop firms globally, offering traders the opportunity to trade with a funded account. It has a reputation for high-quality education, rigorous evaluation process, and excellent customer support. In Nigeria, FTMO is a top choice for traders looking to take their trading to the next level ...

Which prop firm has the fastest payout? ›

Top Forex Firms Based on Pay-out Frequencies
  • Maven [5 days] Matching Funding Pips, Maven also offers pay-outs every 5 days, understanding the need to provide traders with frequent capital access. ...
  • Traddoo [7 days] ...
  • Funded Trading Plus [7 days] ...
  • Smart Prop Trader [12 days] ...
  • Summary.
Feb 14, 2024

Which prop firms are regulated in the USA? ›

OANDA, Axi, and Hantec Markets are three regulated forex and contracts for differences brokers that launched prop trading services.

How many people fail FTMO? ›

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

Which broker does FTMO use? ›

MetaTrader is the most widely used program among forex traders, and that applies to FTMO traders as well. The program's environment is intuitive and straightforward, however, its modifiability gives modders space to make it even better and user-friendly.

Can you lose money with FTMO? ›

At FTMO, we understand that market conditions might vary and that's why we offer our traders a generous 10% Maximum Loss buffer and 5% Maximum Daily Loss. These conditions are in a ratio of 1:1 (loss to profit), which is the top industry standard. Our major aim is to cooperate with experienced traders.

How do I choose a prop trading firm? ›

Don't just pick the first prop trading firm you find. Choose one with a good reputation, support for traders, good tools, safety measures, fair costs, and a friendly community. This way, you can trade smarter and have a better chance at success.

Which forex broker does FTMO use? ›

MetaTrader is the most widely used program among forex traders, and that applies to FTMO traders as well.

Is FTMO a good prop firm? ›

FTMO is one of the most reliable firms in modern prop trading industry. Here's why. FTMO Solution with a wide choice of assets across the board, with very low commissions and spreads.

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Job: Future Advertising Analyst

Hobby: Leather crafting, Puzzles, Leather crafting, scrapbook, Urban exploration, Cabaret, Skateboarding

Introduction: My name is Stevie Stamm, I am a colorful, sparkling, splendid, vast, open, hilarious, tender person who loves writing and wants to share my knowledge and understanding with you.