Are you an aspiring trader looking for the best futures prop firm to kickstart your career? Or perhaps you're an experienced trader seeking a new and reputable firm to join. Whatever your situation may be, choosing the right prop firm is crucial for your success in the trading world.
In this article, we will take a deep dive into the top 10 best futures prop firms in the market. We will discuss their features, pros and cons, and provide our own opinions on each firm. So let's get started!
List best Forex Prop Firms in 2024
✅The5%ers Open An Account
✅FTMO Open An Account
✅ E8 Funding (E8 Markets) Open An Account
✅ Fidelcrest Open An Account
✅LuxTradingFirm Open An Account
✅ Sabiotrade Open An Account
✅True forex Funds Open An Account
What is a Futures Prop Firm?
Before we dive into the top 10 list, let's first understand what a futures prop firm is. A futures prop firm, also known as a proprietary trading firm, is a company that provides traders with capital to trade in the financial markets. In exchange, the firm takes a percentage of the profits made by the trader.
Prop firms offer traders the opportunity to trade with larger amounts of capital than they would have access to on their own. This allows traders to potentially make higher profits and gain valuable experience in the markets.
Now that we have a basic understanding of what a futures prop firm is, let's take a look at the top 10 best firms in the market.
1. TopstepTrader
Features: TopstepTrader offers a simulated trading environment where traders can prove their skills and earn a funded account. They also provide educational resources and a supportive community for traders.
Pros: The firm has a low monthly subscription fee and offers a variety of funding options. They also have a comprehensive evaluation process to ensure only skilled traders are funded.
Cons: Traders must meet strict profit targets to receive a funded account, and there is a high risk of losing the subscription fee if the targets are not met.
Our Opinion: TopstepTrader is a great option for traders looking to gain experience and prove their skills in a simulated environment before trading with real capital.
2. OneUp Trader
Features: OneUp Trader offers a funded account program where traders can choose from different account sizes and risk levels. They also provide access to multiple trading platforms and offer a profit split of up to 80%.
Pros: The firm has a low monthly subscription fee and offers a variety of funding options. They also have a simple evaluation process and allow traders to keep a higher percentage of their profits.
Cons: Traders must meet strict profit targets to receive a funded account, and there is a high risk of losing the subscription fee if the targets are not met.
Our Opinion: OneUp Trader is a good option for traders who want flexibility in choosing their account size and risk level, as well as keeping a higher percentage of their profits.
3. TopstepFX
Features: TopstepFX is a sister company of TopstepTrader, specifically focused on forex trading. They offer a similar simulated trading environment and educational resources for traders.
Pros: The firm has a low monthly subscription fee and offers a variety of funding options. They also have a comprehensive evaluation process and provide access to multiple trading platforms.
Cons: Traders must meet strict profit targets to receive a funded account, and there is a high risk of losing the subscription fee if the targets are not met.
Our Opinion: TopstepFX is a great option for forex traders looking to gain experience and prove their skills in a simulated environment before trading with real capital.
4. Maverick Trading
Features: Maverick Trading offers a funded account program where traders can choose from different account sizes and risk levels. They also provide access to a variety of trading platforms and offer a profit split of up to 70%.
Pros: The firm has a simple evaluation process and allows traders to keep a higher percentage of their profits. They also offer a supportive community and mentorship program for traders.
Cons: The monthly subscription fee is on the higher side, and traders must meet strict profit targets to receive a funded account.
Our Opinion: Maverick Trading is a good option for traders who want access to a variety of trading platforms and a supportive community while keeping a higher percentage of their profits.
5. TopstepTrader Crypto
Features: TopstepTrader Crypto is another sister company of TopstepTrader, specifically focused on cryptocurrency trading. They offer a simulated trading environment and educational resources for traders.
Pros: The firm has a low monthly subscription fee and offers a variety of funding options. They also have a comprehensive evaluation process and provide access to multiple trading platforms.
Cons: Traders must meet strict profit targets to receive a funded account, and there is a high risk of losing the subscription fee if the targets are not met.
Our Opinion: TopstepTrader Crypto is a great option for traders looking to gain experience and prove their skills in a simulated environment before trading with real capital in the volatile cryptocurrency market.
6. T3 Trading Group
Features: T3 Trading Group offers a funded account program where traders can choose from different account sizes and risk levels. They also provide access to a variety of trading platforms and offer a profit split of up to 80%.
Pros: The firm has a simple evaluation process and allows traders to keep a higher percentage of their profits. They also offer a supportive community and mentorship program for traders.
Cons: The monthly subscription fee is on the higher side, and traders must meet strict profit targets to receive a funded account.
Our Opinion: T3 Trading Group is a good option for traders who want access to a variety of trading platforms and a supportive community while keeping a higher percentage of their profits.
7. SMB Capital
Features: SMB Capital offers a funded account program where traders can choose from different account sizes and risk levels. They also provide access to a variety of trading platforms and offer a profit split of up to 50%.
Pros: The firm has a simple evaluation process and allows traders to keep a higher percentage of their profits. They also offer a comprehensive training program for traders.
Cons: The monthly subscription fee is on the higher side, and traders must meet strict profit targets to receive a funded account.
Our Opinion: SMB Capital is a good option for traders who want access to a variety of trading platforms and a comprehensive training program while keeping a higher percentage of their profits.
8. FutexLive
Features: FutexLive offers a funded account program where traders can choose from different account sizes and risk levels. They also provide access to a variety of trading platforms and offer a profit split of up to 80%.
Pros: The firm has a simple evaluation process and allows traders to keep a higher percentage of their profits. They also offer a supportive community and mentorship program for traders.
Cons: The monthly subscription fee is on the higher side, and traders must meet strict profit targets to receive a funded account.
Our Opinion: FutexLive is a good option for traders who want access to a variety of trading platforms and a supportive community while keeping a higher percentage of their profits.
9. TopstepTrader CME
Features: TopstepTrader CME is another sister company of TopstepTrader, specifically focused on trading in the Chicago Mercantile Exchange (CME). They offer a simulated trading environment and educational resources for traders.
Pros: The firm has a low monthly subscription fee and offers a variety of funding options. They also have a comprehensive evaluation process and provide access to multiple trading platforms.
Cons: Traders must meet strict profit targets to receive a funded account, and there is a high risk of losing the subscription fee if the targets are not met.
Our Opinion: TopstepTrader CME is a great option for traders looking to gain experience and prove their skills in a simulated environment before trading with real capital in the highly competitive CME market.
10. Blue Point Trading
Features: Blue Point Trading offers a funded account program where traders can choose from different account sizes and risk levels. They also provide access to a variety of trading platforms and offer a profit split of up to 80%.
Pros: The firm has a simple evaluation process and allows traders to keep a higher percentage of their profits. They also offer a supportive community and mentorship program for traders.
Cons: The monthly subscription fee is on the higher side, and traders must meet strict profit targets to receive a funded account.
Our Opinion: Blue Point Trading is a good option for traders who want access to a variety of trading platforms and a supportive community while keeping a higher percentage of their profits.
FAQs
Q1: What is the difference between a futures prop firm and a traditional brokerage firm?
A: A futures prop firm provides traders with capital to trade in the financial markets, while a traditional brokerage firm acts as an intermediary between buyers and sellers in the market.
Q2: Do I need any prior trading experience to join a futures prop firm?
A: It depends on the firm. Some firms require traders to have a certain level of experience, while others offer training and educational resources for beginners.
Q3: Can I trade with my own strategy in a prop firm?
A: Yes, most prop firms allow traders to use their own strategies as long as they are profitable and within the firm's risk parameters.
Q4: Are there any risks involved in joining a futures prop firm?
A: Yes, like any other form of trading, there is always a risk of losing money. It is important to thoroughly research and understand the firm's evaluation process and profit targets before joining.
Q5: Can I withdraw my profits from a funded account in a prop firm?
A: Yes, most firms allow traders to withdraw their profits after meeting certain profit targets and following their withdrawal policies.
Conclusion
Choosing the right futures prop firm is crucial for your success as a trader. Each firm has its own unique features, pros and cons, and it ultimately depends on your personal preferences and trading style. We hope this comprehensive guide has helped you in making an informed decision on which firm to join. Happy trading!
Read more
Best Funded Trader Programs
Forex prop firms comparison
What is the cheapest prop firm for a 5K account?
Top 10 best prop firms forex in Nigeria
