The Best Prop Trading Firms Reviewed

Topstep is one of the best prop trading firms for futures traders. This provider welcomes both experienced traders and beginners and helps them develop healthier trading habits. Topstep’s support traders are experts and are at your disposal to help you achieve your financial goals. 

Since Topstep is a place for full-time traders and enthusiasts, the platform has several accounts for futures trading. This means that you’ll be able to choose among accounts with various buying power, ranging from $50,000 to $150,000. Of course, there is an evaluation process that you need to pass in order to get a real trading account at this company. 

Topstep is also one of the best proprietary trading firms for beginners because it offers various educational resources and support. Group Coaching is a program led by professional traders, and it’s designed for those who wish to learn how to trade smartly and improve their individual performance. There’s also Digital Coaching, a real-time trading guide that helps you set up your trading plan and achieve trading goals faster. 

Topstep is a Chicago-based company founded in 2012, which hosts traders from 143 countries. In 2021 alone, Topstep’s traders withdrew more than $3 million. The company has a 4.3 score on Trustpilot, and it has been on the Inc. Magazine’s 5,000 list of the fastest-growing private companies in the US.

Fidelcrest made it onto our list of proprietary trading firms because of its dedication to finding and educating talented traders. Fidelcrest is not a broker, nor does it offer retail broker accounts.

It’s a prop firm on a hunt for traders who will trade forex, commodities, cryptos, and other assets. 

To become a Fidelcrest trader, you have to complete the two-phase evaluation program. There are two trading programs to choose from -  Micro Trader and Pro Trader. With Fidelcrest’s Micro program, you can trade an account balance that ranges from $10,000 to $50,000.

The trading period is 10 days, and the trader gets 80% of the profit share. The maximum loss allowed is 10%. If you want to increase your profits to 90%, you can choose one of the Micro Aggressive Swing accounts, which reduce the trading period to 5 days.     

Meanwhile, the company’s prop trading program for pros allows you to trade accounts between $150,000 and $100,000,000 with a maximum allowed loss of 10% (20% with the aggressive account type). The profit share is 80% (90% with aggressive).  

Regardless of the program you choose, you’ll need to pass the evaluation and pay the participation fee. Fidelcrest will refund the fee to your bonus wallet.

You need to use the promo code “REFUND” when applying for the evaluation process. Refundable fees are available only for traders who don’t use any discount. 

Founded in 2018 in Cyprus, Fidelcrest is another great place if you want to become a proprietary trader. This company was created and led by a team of experts for forex trading. Fidelcrest currently has over 6,000 trades worldwide. The firm was crowned as the Best Micro Forex in Europe at the Forex Expo 2021.

Traders can expect to get up to $200,000 in funds from FundedNext if they opt for the biggest Evaluation package. The company works with Forex, indices, and commodities, and you can earn a 15% profit immediately, even during the assessment phase, regardless of the model you choose.

Like most of the Forex prop trading firms we’ve reviewed, FundedNext has a model that includes evaluation. The Evaluation model lets traders prove their trading abilities in two phases; in the first, they can count on a profit share of 80%. Once they reach their targets and advance to the next phase, the split rises to 90%.

On the other hand, the Express model sets a profit target with no time limit; once you hit it, you can start with a 60% split that can rise to 90%. Traders can try different trading styles such as intraday and swing trading, scalping, and much more. So long as your growth stays above 25% and your overall losses don’t surpass 10% of your trading, you’ll be on the growth path with FundedNext.

Still, what makes FundedNext one of the best indices, commodities, and forex trading prop firms is the Dedicated Account Manager for every trader. And if your performance is consistently good, you’ll be rewarded with a scaleup plan of a 40% increase in account balance every four months, capped at $4 million.

Your journey with FundedNext can start in just three simple steps: Pick your funding model, remain profitable, and get funded. For easier access while you’re on the go, you can download the FundedNext iOS or Android app. For any help you might need along the way, there’s a live chat, email, FAQ section, educational blog posts, as well as Discord, Telegram, and Facebook communities.

FundedNext is a brand new international proprietary platform with offices in multiple countries, including the USA, UAE, UK, and Bangladesh. The company provides a variety of assets with very low commissions and spreads. With FundedNext, all of the trader's funded accounts are held by a partner broker company, Eightcap, which is regulated by ASIC and guarantees the safety of your funds. The 4.4 score on TrustPilot works in FundedNext’s favor, too.

To become a trader, you need to pass the SurgeTrader Audition and funded traders need to meet a few simple requirements. For starters, there is a 10% profit target, and you’ll need to stay below the daily loss limit of 4% and the maximum trailing drawdown of 5%.

The starter account comes with a $250 audition fee and a $25,000 initial balance. Unlike other companies, this prop trading firm doesn’t impose minimum trading days or a 30-day assessment period. It allows traders to keep 75% of their profit share.

As a SurgeTrader broker, you can trade various securities, including forex, stocks, equities, oil, and metals. Moreover, SurgeTrader is a good place for trading cryptocurrency products. SurgeTrarder operates on two platforms - Eightcap M4 and Eightcap M5. It also allows news trading.

SurgeTrader has an easy-to-use trading dashboard with useful analytical tools and features. As a SurgeTrader, you can access trade analytics in real-time and improve your trading performance. Before you decide to start the SurgeTrader Audition, you can test out the platform for free.

Thanks to the availability of the free trial, you can check your trading skills and whether you are good enough to join this proprietary trading company.

Launched in 2021 and based in Florida, SurgeTrade is one of the newest proprietary trading firms on the market. It offers a variety of trading instruments, including stock market indices, forex, metals, oil, and cryptocurrencies. The trading capital ranges between $25,000 and $1 million, depending on the trading account you choose. The account fee is non-refundable. A

FTMO is a prop firm that offers a whopping $200,000 of trading capital to its legitimate traders. That’s something that you won’t find anywhere else. To become an FTMO trader, you need to complete a two-step evaluation process.

The first step is the FTMO Challenge, during which the company checks your trading skills. The second and final step is Verification after which you become an official trader at FTMO. 

For less experienced traders, FTMO offers video tutorials to help them learn how to use the platform and get familiar with forex trading. Additionally, all traders can participate in webinars where they can learn about advanced trading strategies from their experienced counterparts. 

FTMO is one of the best proprietary trading firms thanks to the 90:10 payout ratio, which translates into traders receiving 90% of the profits. Once you pass the evaluation stage and set up your FTMO Account, your trading period is indefinite, and there’s no profit target. 

Furthermore, traders get access to the most popular retail trading platforms, including MT4, MT5, and cTrader. You can trade a wide range of proprietary assets -  hundreds of forex pairs, metals, equities, and cryptos. Payment options include bank transfers, debit/credit cards, Skrill, Nuvei, and PayU.

FTMO also offers a free trial account similar to the FTMO Challenge. This is a great way to get a better sense of what this proprietary trading firm has to offer before signing up for an official proprietary account and paying fees. 

FTMO has been operational since 2014. The company is based in Prague and is generous with the capital it provides to traders. Unlimited 24/7 customer support via phone and live chat, coupled with plenty of online materials, and webinars make this company one of the best options for proprietary trading.

The company, founded in 2016 by Gil Ben Hur, experienced significant growth when it started fostering a community of traders who managed capital from other investors. With more joining and learning from the basis established by Gil, the 5%ers began expanding into a community for exchanging knowledge and sharing successful methods for trading.

At the time of writing, it’s one of the online prop trading firms focused on forex trading, but it also supports trading with securities such as cryptocurrencies, stocks, and precious metals. The most prominent forex trading pairs found on the platform are EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, and USD/CHF.

The platform includes challenges that offer better opportunities for traders who complete them. For example, you can get access to a better account with no risk of extra charges. The Bootcamp program lets traders complete three challenge phases and then get access to a six-figure trading account.

There are plenty of other options available; depending on your initial fee and success in showing your trading skill, you will get access to exciting trading opportunities.

Unfortunately, the main downside of The 5%ers is higher fees than on other platforms and getting just 50% of the profits, which is significantly less than we’ve come to expect on what we consider to be the best prop firms for forex.

The 5%ers are one of the fastest-growing forex prop firms and includes plenty of opportunities for traders worldwide. It’s run by professional traders who aim to provide the opportunity to use capital funds and start earning to all aspiring candidates.

The company has been operational since 2016 and has garnered quite a bit of positive sentiment from its user base, so you should definitely consider it for your trading operation.

As one of the market’s top proprietary trading firms, City Traders Imperium is best-known for offering direct funding that can go up to $70,000. Dozens of reviews on Trustpilot only serve to confirm our positive assessment of its spreads, exceptional customer support, and useful online material for brokers. 

Like other companies in this line of work, City Traders Imperium has an evaluation program that you must complete successfully in order to become a trader. But unlike with other forex proprietary trading firms, this Evaluation program consists of only one phase.

It takes up to one year to complete. This is because the company understands how important it is to lead candidates slowly through the process and offer them the biggest chances for success. In addition, the firm offers the lowest target rate in the industry (7%) during the Evaluation process. 

Another great thing about this firm is that you can completely skip the Evaluation and start trading as a Portfolio Manager right away. You just need to choose the Direct Funding program. This firm offers scalable trading plans with up to 90% of profit share going to the trader.

When it comes to the assets that you can trade, City Traders Imperium is among the most popular prop firms for forex. There are dozens of forex pairs that you can trade, but you can also trade gold and indices. 

City Traders Imperium offers a free course for future traders. The course is designed to help traders pass the evaluation procedure.

Founded by Daniel Martin and Martin Najat, City Traders Imperium is another great prop firm. The company has been around since 2014, offering traders the facilities to trade forex, indices, and gold. The company has a 4.7 score on Trustpilot and is praised for its excellent and empowering courses that help traders become real professionals. Based in London, City Traders Imperium offers excellent trading benefits once you become a Portfolio Manager.

Review in progress. Our team is reviewing TradersWithEdge and we will update this section once we are done.

TradersWithEdge is a new prop trading firm, incorporated in Hong Kong, with offices in both Hong Kong and New York. They trade with over 1,170 assets, including FX majors and minors, precious metals, commodities, digital assets like cryptocurrencies, and stocks. As their trader, you will get access to the TradersWithEdge community where you can join various discussions about trading strategies, take courses, and even get mentored. TradersWithEdge is also partnered with Eightcap, an ASIC regulated broker that allows their traders to trade with low spreads and commissions.

MyForexFunds offers three different types of trading accounts that you can choose based on your trading skills and expertise. The platform is beginner-friendly and a great option for traders who haven’t been in the market for a long time.

The Rapid account program includes a demo trading account and has a refundable registration fee. And even though this is a demo account, you are still rewarded for using it through bonuses.

The other two prop trader accounts are reserved for more experienced traders, allowing higher daily limits, up to 1:100 leverage, and no daily drawdown limits. If you are a professional trader, you can start trading immediately with the MyForexFunds Accelerated account and generate profit from day one.

Another thing worth mentioning is that this provider uses only the  MT4 platform for trading. 

MyForexFunds allows you to trade hundreds of forex pairs, metals, and crypto. However, MyForexFunds is not a place where you can trade stocks. If you want to buy, sell, or trade stocks, check out some of the other providers on our list.  

With MyForexFunds, you have several payment options, including bank transfers, Wise, and PayPal. You can also get your money in crypto if you want, just make sure to factor in your crypto taxes. 

Like other top prop trading firms, MyForexFunds supports its traders through various channels of communication. The available support options are live chat, email, and ticketing support.

MyForexFunds is another new platform for proprietary trading. The company has been around since 2020 and is headquartered in Canada. Over 40,000 traders from 120 countries worldwide already use MyForexFunds to trade everything from forex and crypto to indices and metals.  In addition, the company has a score of 4.8 on Trustpilot.