10 Best Forex Prop Trading Firms - Forex Prop Reviews (2024)

Learn about the Best 10 Forex Prop Trading Firms of 2024 based on our Personal Experience!

The proprietary trading firm industry is on a rapid rise, and we are seeing more and more proprietary trading firms that provide excellent trading conditions to traders all across the globe. With that in mind, we know that when choosing the best trading firm that suits your personal needs, you have to consider numerous essential factors, such as trading requirements, trading conditions, customer support, and the general reputation of the proprietary trading firm, to name a few.

That is why at Forex Prop Reviews, we have compiled a ranking of the Best 10 Forex Proprietary Trading Firms of 2023 based on our Personal Experience with the companies.

Prop Trading Firm Discount Percentage (%) Discount Code/Link Prop Firm Website
Fidelcrest 15% FPR-15 fidelcrest.com
FundedNext 5% FOREXPROPREVIEWS fundednext.com
The5%ers 10% the5ers.com the5ers.com
True Forex Funds 10% CTRADER10 trueforexfunds.com
The Funded Trader 10% FOREXPROPREVIEWS thefundedtraderprogram.com
Funded Trading Plus 10% FOREXPROPREVIEWS fundedtradingplus.com
E8 Markets 10% FOREXPROPREVIEWS e8markets.com
Surge Trader 10% FPREVIEWS10OFF surgetrader.com
FunderPro 20% forexpropreviews funderpro.com
Finotive Funding 5% discount + 5% profit split increase FOREXPROPREVIEWS finotivefunding.com
FTUK 5% forexpropreviews ftuk.com
Blue Guardian 10% forexpropreviews blueguardian.com
City Traders Imperium 10% CTI10% citytradersimperium.com
Lux Trading Firm 15% forexpropreviews luxtradingfirm.com
TopTier Trader 20% 63ka5k toptiertrader.com
Audacity Capital 30% cashback / audacitycapital.co.uk
The Trading Pit 10% FOREXPROPREVIEWS thetradingpit.com
Super Funded 10% forexpropreviews superfunded.com
Bespoke Funding 10% FOREXPROPREVIEWS bespokefunding.com
MyFundedFX 10% FOREXPROPREVIEWS myfundedfx.com
Smart Prop Trader 10% FOREXPROPREVIEWS smartproptrader.com
Funding Pips 5% FOREXPROPREVIEWS fundingpips.com
Goat Funded Trader 23% FOREXPROPREVIEWS superfunded.com
TradingFunds 25% FOREXPROPREVIEWS tradingfunds.com
Forex Capital Funds 20% FOREXPROPREVIEWS forexcapitalfunds.com
Glow Node 10% FOREXPROPREVIEWS glownode.com
MyFlashFunding 23% FOREXPROPREVIEWS myflashfunding.com
Forex Prop Firm 30% FOREXPROPREVIEWS forexpropfirm.com
Direct Funded Trader 50% FOREXPROPREVIEWS directfundedtrader.com
Crypto Fund Trader 8% FOREXPROPREVIEWS cryptofundtrader.com
AquaFunded 20% FOREXPROPREVIEWS aquafunded.com
Alpha Capital Group 15% FOREXPROPREVIEWS alphacapitalgroup.com
Top One Trader 40% FOREXPROPREVIEWS toponetrader.com
RebelsFunding 20% FOREXPROPREVIEWS rebelsfunding.com
Cash Flow Funding 25% FOREXPROPREVIEWS cashflowfunding.io

Fidelcrest

Fidelcrestis a proprietary trading firm that was incorporated in September 2018 and is being run by its CEO, Jussi Hallikas. They are a company with their headquarters located in Nicosia, Cyprus, while their IT department is located in Tallinn, Estonia. They offer traders a chance to choose between a two-step evaluation program with two different types, normal two-step evaluation and aggressive two-step evaluation with account sizes up to $200,000. While working with them, Fidelcrest allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with Foreign Exchange Clearing House as their broker.

Special 15% discount code for Fidelcrest: FPR-15

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E8 Markets

E8 Marketsis a proprietary trading firm that was incorporated in November 2021 and is being run by its CEO, Dylan Elchami. They are a company with their headquarters located in Dallas, Texas. They offer traders a chance to choose between a two-step evaluation program and the E8 Track with account sizes up to $200,000. While working with them, E8 Markets allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with Purple Trading Seychelles as their broker.

Special 10% discount code for E8 Markets: FOREXPROPREVIEWS

FundedNext

FundedNextis a proprietary trading firm that was incorporated in March 2022 and is being run by its CEO, Syed Abdullah Jayed. They are a company with their headquarters located in the UAE and Bangladesh. They offer traders a chance to choose between a two-step Stellar challenge, one-step Stellar challenge, Evaluation model, and Express model with two different types, consistency and non-consistency, with account sizes up to $200,000. While working with them, FundedNext allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they have developed their own MetaTrader 4 Incenteco and MetaTrader 5 GrowthNext servers, which they allow their traders to trade through depending on the trading platform they choose.

Special 5% discount code for FundedNext: FOREXPROPREVIEWS

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The Funded Trader

The Funded Traderis a proprietary trading firm that was incorporated in May 2021 and is being run by its CEO, Angelo Ciaramello. They are a company with their headquarters located in Liberty Hill, Texas. They offer traders a chance to choose between a two-step Standard challenge, two-step Rapid challenge, two-step Royal challenge, one-step Knight challenge, and three-step Dragon challenge with account sizes up to $400,000. While working with them, The Funded Trader allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with Eightcap, Purple Trading Seychelles, and ThinkMarkets as their broker.

Special 10% discount code for The Funded Trader: FOREXPROPREVIEWS

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FTMO

FTMOis a proprietary trading firm that was incorporated in September 2015 and is being run by its CEO, Otakar Suffner. They are a company with their headquarters located in Prague, Czech Republic. They offer traders a chance to choose between a single two-step evaluation program with account sizes up to $200,000. While working with them, FTMO allows traders to choose between MetaTrader 4, MetaTrader 5, cTrader, and DXtrade as their trading platform. Additionally, you should note that they are partnered with a tier-1 liquidity provider with the best simulated real market trading conditions as their broker.

The5ers

The5ersis a proprietary trading firm that was incorporated in April 2020 and is being run by its CEO, Gil Ben Hur. They are a company with their headquarters located in London, UK. They offer traders a chance to choose between a Hyper-Growth program, a two-step High Stakes program, and a three-step Bootcamp challenge with account sizes up to $250,000. While working with them, The5ers allows traders to choose MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with a tier-1 liquidity provider that gives direct market access as their broker.

Special 5% discount link for The5ers: Discount Link

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Funding Pips

Funding Pipsis a proprietary trading firm that was incorporated in August 2022 and is being run by its CEO, Khaled Ayesh. They are a company with their headquarters located in Dubai, United Arab Emirates. They offer traders a chance to choose a two-step evaluation program with account sizes up to $100,000. While working with them, Funding Pips allows traders to choose MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with BlackBull Markets as their broker.

Special 5% discount code for Funding Pips: FOREXPROPREVIEWS

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True Forex Funds

True Forex Fundsis a proprietary trading firm that was incorporated in October 2021 and is being run by its CEO, Richard Nagy. They are a company with their headquarters located in Győr, Hungary. They offer traders a chance to choose between a two-step evaluation program with three different types, standard two-step evaluation, Quick Funding two-step evaluation, and Limitless two-step evaluation, and a one-step evaluation with account sizes up to $200,000. While working with them, True Forex Funds allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platforms. Additionally, you should note that they are partnered with a tier-1 liquidity provider with the best simulated real market trading conditions as their broker.

Special 10% discount code for True Forex Funds: CTRADER10

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Funded Trading Plus

Funded Trading Plusis a proprietary trading firm that was incorporated in December 2021 and is being run by its CEO, Simon Massey. They are a company with their headquarters located in London, UK. They offer traders a chance to choose between a one-step evaluation program, an Advanced two-step evaluation program, a Premium two-step evaluation program, and a Master program with account sizes up to $200,000. While working with them, Funded Trading Plus allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with Eightcap as their broker.

Special 10% discount code for Funded Trading Plus: FOREXPROPREVIEWS

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SurgeTrader

SurgeTraderis a proprietary trading firm that was incorporated in September 2021 and is being run by its CEO, Jana Seaman. They are a company with their headquarters located in the United States, Florida. They offer traders a chance to choose between a two-step Audition with account sizes up to $500,000, a one-step Audition with account sizes up to $1,000,000, and a Lightning Audition with account sizes up to $100,000. While working with them, SurgeTrader allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with ThinkMarkets as their broker.

Special 10% discount code for SurgeTrader: FPREVIEWS10OFF

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10 Best Forex Prop Trading Firms - Forex Prop Reviews (2024)

FAQs

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.

Which prop firms are regulated in USA? ›

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

What prop firm pays the fastest? ›

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 is the most trusted prop firm? ›

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

How do I choose a prop firm? ›

Vetting the Prop Firm's Track Record

The first step when deciding on any prop trading firm should be an in-depth look at its reputation and history in the industry. A firm's standing within the trading community will highlight its reliability and ability to support its traders with a secure trading environment.

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.

Is FTMO the best prop firm? ›

FTMO Investment Options

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

Are prop firms worth it? ›

Is working with a prop firm worth it? There are many unique advantages that make working with a prop firm worth it. These include access to unique software and information, trading with the firm's capital, and cashing in a large portion of your winnings.

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.

What is the best instant funding prop firm? ›

While FTMO stands out as the best overall prop firm, other options such as Fidelcrest, 5%ers, BluFX, Glow Node, Smart Prop Trader, FTUK, Instant Funding, and SurgeTrader also offer attractive features and benefits.

Why prop firms are closing? ›

Prop trading firms have been shutting down or suspending their services, particularly to U.S.-based clients, because of a crackdown from MetaQuotes, the company behind the popular MetaTrader trading platforms.

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

Which prop firm pays weekly? ›

Proprietary Trading Firm Payout Cycles
Proprietary Trading FirmPayout Cycle
Funded Trading PlusWeekly
FundedNextEvaluation: Bi-weekly Express: Monthly One-step Stellar: Every 5 Days Two-step Stellar: Bi-weekly
FunderProWeekly
Funding PipsEvery 5 Days
36 more rows
Apr 2, 2024

Do prop firms give you real money? ›

While it's true that there have been instances of fraudulent prop firms, it's important to note that legitimate prop trading firms do exist, and they indeed pay traders based on their performance. It's crucial to thoroughly research and choose reputable firms with a proven track record.

What is better FTMO or my Forex funds? ›

Summary. Both FTMO and MyForexFunds are quite similar with only a few differences. In terms of the rules, MyForexFunds has better drawdown rules, lower minimum trading days, and also a lower profit target in their first stage.

Which Forex broker does FTMO use? ›

You can trade your FTMO Challenge, Verification, and FTMO Account on some of the most popular retail platforms – MetaTrader 4, MetaTrader 5, DXtrade, or cTrader.

Is my Forex funds a good prop firm? ›

If you like to use EAs to trade, My Forex Funds is a great prop firm for you. They allow EAs although some types of strategies are banned. These include arbitrage trading, quote stuffing, or EAs that update orders in high volume.

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