5 Best Prop Trading Firms in 2024

If you’re looking for a reliable prop trading experience, it’s important to check their every aspect of the process. That's why we're here, to check everything for you. Here is what we check:

We evaluate the terms, reputation, and support of the prop firm.

We look for all the essential elements that can make you succeed, whether you're a beginner or an experienced trader.

We compare pricing packages and their restrictions

Updated 21.4.2024

4.8 out of 5 (965 reviews)

#1 - FT5

FT5 is the undoubted leader on the prop trading market, growing with over 23% in the last couple of years alone. The product is very easy to work with and even first-time traders can take full advantage of its capabilities. Also, FT5 offers the highest funded account of up to $5,000,000!

Pros

Very intuitive product

Instant funding program

Up to $5 Million funded account 

Great support team that takes you step by step

Many trading assets 

Cons

Doesn't operate in the US yet

Limited spots are available for every challenge

4.6 out of 5 (1242 reviews)

#2 - FTMO

Stability and transparency define FTMO's legacy. This established Czech firm provides multiple challenge options, known for their fairness and clarity. Their strong community and beginner-friendly approach make them a prime choice for aspiring traders. However, the potential funding is lower compared to some rivals, and the maximum profit share of 70% might not entice top performers. 

Pros

Multiple challenge options

Good profit splits

Active community

Cons

Lower funding potential compared to some competitors

Can be challenging to pass evaluations

No human contact

4.5 out of 5 (744 reviews)

#3 - The Funded Trader Program

High profit splits meet meticulous support at The Funded Trader Program. This UK-based firm boasts splits as high as 90%, along with multiple challenge types and a transparent pricing structure. Their community support and experienced mentors offer valuable guidance. However, the funding caps are not as high as the top dogs, and the stricter time limits add pressure to the challenges. 

Pros

Up to 90% profit split

Community support

Multiple challenge types

Cons

Lower funding potential compared to top contenders

Stricter time limits on challenges

Smaller firm with less track record compared to others.

4.4 out of 5 (256 reviews)

#4 - Lux Trading Firm

Lux offers a futuristic platform packed with advanced analytics and a potential funding of up to $2 million. Their competitive profit splits and extensive educational resources are ideal for tech-savvy traders who crave big challenges. But be prepared for the steep entry-level cost and stringent risk management rules, along with the limited focus on futures contracts.

Pros

Up to $2 million funding

Proprietary trading platform

Competitive profit splits

Cons

High entry-level challenge cost

Strict risk management rules

limited instrument selection (futures only)

4.4 out of 5 (68 reviews)

#5 - TopstepTrader

This US giant thrives on competitive challenges and a high-volume trading environment. Their large community of traders and experienced mentors foster rapid learning. But be prepared for the limited instrument selection, the intense pressure of the futures-only world, and the potentially high cost of participating in their challenges.

Pros

Large community of traders

Good liquidity for futures trading

Opportunity to earn performance-based bonuses

Cons

Limited instrument selection (futures only)

High pressure trading environment

Can be expensive to participate in challenges.

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