Fortunly's Guide
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The Best Prop Trading Firms Reviewed

Written By
G. Dautovic
Updated
June 15,2022
Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. Learn more by reading our Advertiser Disclosure.

When compared to other types of trading, one of the main benefits of proprietary or prop trading is higher profits. That’s why there is no shortage of companies willing to execute these trades. But not all trading firms are created equal.

Each firm has its own strengths and weaknesses, and identifying the market’s most reliable players requires a bit of legwork. Here’s the list of our top picks:

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SurgeTrader Logo

SurgeTrader

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Tradable assets: Forex, equities, major stock market indices, oil, metals, and cryptocurrencies
Profit split: 75%
Evaluation: Yes
Refundable registration fee: No
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
  • Quick processing times 
  • Several pricing tiers 
  • Diverse selection of trading securities
Fidelcrest Logo

Fidelcrest

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Tradable assets: Forex, cryptocurrencies, commodities, indices, and stocks
Profit split: Up to 90%
Evaluation: Yes
Refundable registration fee: Yes
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
  • Traders get up to 90% of profits 
  • Live chat, email, and ticketing support
  • $10,000 initial balance 
FundedNext Logo

FundedNext

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Tradable assets: Forex, indices, commodities
Profit split: Up to 90%
Evaluation: Yes (with the Evaluation model)
Refundable registration fee: Yes
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
  • 15% profit share from the start
  • High profit split
  • An account manager for every trader
Tradable assets: Futures
Profit split: 100% on first $5,000 and then 80%
Evaluation: Yes
Refundable registration fee: No
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
  • Futures trading
  • Digital coaching
  • Buying power up to $150 000 for futures
The 5%ers Logo

The 5%ers

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Tradable assets: Forex, Gold, Silver
Profit split: Instant funding 50%, Bootcamp up to 80%, Freestyle 100%
Evaluation: Yes
Refundable registration fee: Instant, Bootcamp - No; Freestyle - Yes
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
  • 100% profits on the Freestyle program
  • Get funded up to $4M
  • Free high-quality resources for traders
City Traders Imperium Logo

City Traders Imperium

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Tradable assets: Forex, gold, indices
Profit split: 70%
Evaluation: Yes (skip it with the Direct Funding Program)
Refundable registration fee: No
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
  • Free course before enrolling in the Evaluation program
  • Well-known for trading forex pairs
  • Online material for traders
Tradable assets: Forex, indices, commodities, stocks, cryptocurrencies, bonds
Profit split: 90%
Evaluation: Yes
Refundable registration fee: Yes
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
  • 90:10 payout ratio  
  • Free mobile app 
  • Leverage 1:100
MyForexFunds Logo

MyForexFunds

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Tradable assets: Forex, crypto, indices, metals
Profit split: 75%
Evaluation: Yes (skip the evaluation with the MyForexFunds Accelerated account)
Refundable registration fee: Yes
KEY FACTS
OVERVIEW
ABOUT THE COMPANY
  • Offers trading programs for different levels of expertise
  • High profit split 
  • Exceptional customer support
Quick Breakdown

The Best Prop Trading Firms in 2022:

  • Surgetrader - Best for trading various assets
  • Fidelcrest - Best for experts
  • FundedNext - Highest profit split

  • Topstep - Best for Forex traders
  • The 5%ers - Most secure platform
  • City Traders Imperium - Most thorough evaluation
  • FTMO - Best overall
  • MyForexFunds - Best for those who want to skip evaluation

Prop Trading Firms - How to Choose the Best One?

One of the key ingredients for success in prop trading is finding the right firm to work with. There are a number of proprietary trading firms on the market, each with its own benefits and drawbacks. So, how do you choose the right one? Here are a few things to consider:

Reputation

The first thing to check when starting with prop trading is a firm’s reputation. You want to be sure that the firm has a history of profitability and that it’s regarded as reliable within the industry. Do your research and see what other traders have to say about the firm. Some firms are relatively small, while others have thousands of traders worldwide. It’s also a good idea to check the firm’s score on Trustpilot.

Available Assets

At prop firms, you can trade a variety of assets, including stocks, futures, and forex. This gives you the flexibility to find the right market to trade in and enhance your trading skills. And although many of these companies are designated as forex prop firms, almost all allow trading with cryptos and metals.

Fees

Make sure you understand the firm's fee structure before signing up. Fees can vary significantly from one firm to the next, so it's important to find one that's suitable for your budget. Usually, most firms have a one-time fee that you must pay for an evaluation procedure. Most firms offer a refund for that payment.

Trading Platform and Trading Style

Make sure the firm has a good trading platform that meets your needs. Almost all the firms we evaluated allow you to trade on the MT4, MT5, and cTrader platforms. Different firms have different approaches to trading. Some trading prop firms focus on technical analysis, while others rely more on fundamentals. Make sure the firm you choose has an approach that aligns with your own trading style.

Customer support

Good customer support is able to answer any questions you have about your account, the markets, and trading strategies. They can also help you resolve any issues you may have with your account or with the software.

FAQ

Is proprietary trading legal?

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The answer is a bit complicated. The Volcker Rule prohibits banks from using their own accounts for short-term trading of securities, derivatives, and commodity futures. However, the rule does allow banks to engage in long-term investing activities, as long as they are not for the purpose of making a profit.

In other words, banks can still trade securities, derivatives, and commodity futures, but they are not allowed to do so for the purpose of making a quick buck. This distinction is important because it allows banks to continue engaging in legitimate trading activities while also protecting the public from another financial crisis.

How do prop trading firms work?

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Generally, any best prop firm uses sophisticated computer algorithms to analyze massive amounts of data in order to identify profitable trading opportunities. Firms then use their capital to trade these opportunities, hoping to make a profit. Many firms are also market makers - meaning they provide liquidity to the markets by buying and selling securities. This helps to ensure that the markets function smoothly and efficiently.

Do prop traders make money?

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Proprietary traders can make money. However, it isn’t always easy. There are a number of factors that need to be taken into account before starting with prop trading. One of the biggest things to keep in mind is risk management. Prop traders need to ensure they are not taking on too much risk, which can lead to large losses. Additionally, prop traders need to be able to read the market and make informed decisions about where to place their bets.