Best Prop Trading Firms in December 2023

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, The5ers 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, with a profit split of 100% for the highest tiers of account sizes.

With the Hyper Growth program, you get bonuses as extra rewards for your performance, while doubling your account with each target reached and being able to withdraw your share after the first phase of the program. 

Recently, the company launched its new High-Stakes program which gives traders a chance to earn a $10,000 monthly salary with the highest leverage available and the industry-lowest entry price of $39.

The5ers 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, with an excellent 4.8 Trustpilot rating as of the time of writing of this review.

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. The accounts also vary in terms of profit targets, maximum drawdown and loss limits. The daily loss limit starts at $2,000 for the smallest account and goes up to $4,500 for the $150k account. Of course, there is an evaluation process that you need to pass in order to get a real trading account at this company, but keep in mind that the company doesn't offer a refundable registration fee. 

Topstep is also one of the best proprietary trading firms for beginners because it features 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. Since 2020, Topstep’s users withdrew more than $10 million in funded trader payouts. The company has an excellent 4.4/5 score on Trustpilot, and has been featured 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, precious metals, cryptos, and other assets. Overall, there are more than 175 instruments with commissions and spreads created for proprietary trading, on both MT4 and MT5 trading platforms. 

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 $15,000 to $60,000.

The trading period is 60 days, and the trader gets 80% of the profit share. The maximum loss allowed is 10%, and a maximum daily loss allowed is 5%. If you want to increase your profits to 90%, you can choose one of the Micro Aggressive Swing accounts, which increase the profit targets to 15% for both phases of the evaluation process (10%/5% for the Micro Trader Normal).     

Meanwhile, the company’s prop trading program for pros allows you to trade accounts between $250,000 and $1,000,000 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, and there will be no additional monthly or fees of any kind.

To ensure a refund 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 traders from more than 170 countries worldwide, and holds an overwhelmingly positive 4.6 rating on Trustpilot. The rising prop firm was aslo 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, both of which offer a 90% share of the profit.

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, and has over 51 thousand funded traders with more than $50 million in payouts already. 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 4.7 score on TrustPilot works in FundedNext’s favor, too.

What sets apart SabioTrade from other prop trading firms is the variety of pricing plans. SabioTrade offers four plans to up-and-coming traders who wish to join their community: Standard, Premium, Gold and Platinum with prices of $50 for Standard, $289 for Premium, $479 for Gold and $939 for Platinum.

Although the starting fee isn't refundable, there are no commissions, making this the only amount you need to pay to trade with SabioTrade. All four plans offer up to 30:1 leverage for trading forex and 100:1 for indices, a profit target of 10%, a daily loss limit of 3%, and a maximum trailing drawdown of 6%.

Where they differ are profit payouts and the account balance. The Standard plan has a profit payout of 70% and an account balance of $10,000. Premium plan can net you 80% of profits with an account balance of $50,000.

The Gold plan carries the same profit percentage, but comes with $100,000 in account balance, while Platinum offers a 90% profit split and an account balance of $200,000.

Like other proprietary trading firms, SabioTrade will ask you to prove your skills and knowledge by completing an assessment. They also offer a free trial account for users who want to try out their services first before committing to assessment.

All trade is realized through the QuadCode platform and users will also get access to the proprietary SabioDashboard which is updated every 60 seconds.

As for additional rules, it's important to note that SabioTrade allows news trading but forbids you from holding positions during the weekend: all trades have to be completed by Friday at 3:45 PM EST.

Lastly, all traders are obliged to place at least one trade in 30 days.

Since its founding in 2021, SabioTrade has been on the lookout for talented traders who lack funds. Their aim is to create a mutually beneficial relationship with dealers; while prospective traders get to use their rich portfolio, SabioTrade in return gets to employ knowledgeable experts.

Today, this proprietary trading firm gathers a large number of traders and dealers who share their collective experience and educate newcomers. The best proof is their TrustPilot rating of 4.2/5 and testimonies of users who emphasize their large funds, affordability, and flexibility.

FTMO is a prop firm that offers a whopping $400,000 of trading capital to its legitimate traders. 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 forex prop 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.

What sets The Trading Pit apart from other top platforms for prop trading is its unique level structure. There is no minimum deposit required or complicated and hidden fees to calculate. Instead, trading is organized into opt-in Challenge plans. With every target hit, traders advance to the next level where they are given more contracts, larger drawdown limits, and bigger payouts, which are integral to the company's ambitious $5 million scaling plan.

The Trading Pit caters to brokers of all levels. Beginners can gradually learn how to create better plans and forecasts, trading with significant funds while investing only a fraction of the amount provided by the company, lowering the financial risk. Veterans, on the other hand, can take a skill test, bypass the lower levels, and enjoy similar benefits as beginners but with higher payouts.

In addition to financial support, The Trading Pit offers a comprehensive knowledge library with manuals for tools and platforms, webinars, videos, podcasts, and ebooks. These resources are designed to help traders achieve their trading goals.

To support the diversity of contracts traded and the unique requirements of each Challenge plan, The Trading Pit accommodates a broad range of tools and trading platforms. Depending on the types of contracts traded and the Challenge plan chosen, The Trading Pit offers a wide variety of tools and trading platforms for your workstation, including the Economic Calendar, CME Heatmap, Squawkbox, ATAS, Bookmap, and Volumetrica, among others. These resources create an invaluable workstation that helps traders navigate the intricacies of the financial markets effectively.

In conclusion, The Trading Pit presents a unique, accessible opportunity for proprietary trading. They offer a well-rounded package with low entry requirements, a comprehensive support network, and a generous opportunity for profit. Their goal is to democratize access to trading, provide substantial capital, and offer comprehensive educational resources and robust support to help traders succeed in the financial markets.

In 2021, two financial experts, Illimar Mattus and Christoph Radecker, decided to combine their three and a half decades of experience to create a trading platform. The result is The Trading Pit - a prop trading firm that attracts beginner and veteran traders alike with its small access fee, the opportunity to learn new skills, and access to a large support network. Today, The Trading Pit has traders at all levels of expertise from more than 160 countries globally.

FX2 Funding offers five different funded account types, ranging from the Starter account with $10,000 in live funded capital to the Master account with $200,000. All five accounts have a profit split of up to 85%, and a refundable evaluation fee that ranges from $95 for the Starter account to $1,800 for the Master account.

FX2 is one of the best prop trading platforms for experienced but undercapitalized traders, as the company provides real money funding to all traders and features a simple one-stage evaluation process. After netting a 10% profit on the account balance, you will get funded, and you can also scale up your account size by 10%, up to the set limit of $1,000,000. The daily drawdown is set at 4%.

FX2 Funding offers trading in Forex, indices, and cryptocurrencies, and the company’s open-arms approach also means that traders are allowed to use scripts, indicators, EAs, copy traders, and scalping to generate profits, as well as to trade on all news events. The first payout becomes eligible 7 days after being funded, with all subsequent payouts becoming available every 14 days after. As FX2 partners with the regulated Australian broker Eightcap, all payouts are processed through Deel.com, and you can transfer funds via bank transfers, Revolut, PayPal, Wise, Binance, Payoneer, and Coinbase.

FX2 Funding launched at the start of 2023 with the goal of revolutionizing the prop trading industry and creating a platform that puts traders first. The US-based company has chosen to shake up market trends by providing the most simplified and welcoming proprietary trading space, with a streamlined evaluation process and openness to traders of all types.

Darwinex Zero is a first-of-its-kind subscription service, with a $38 monthly fee and a $95 sign-up commission. The D-Zero journey starts at the training stage for every new trader, in which the Darwinex proprietary risk engine evaluates and calibrates your virtual trading skill for a minimum of 10 trading days. 

After this initial evaluation stage, your personal DARWIN will be created and you will move to the DarwinIA Silver, a monthly seed capital allocation programme where you will compete against other DARWINs to earn allocations of between $25,000 and $250,000 and the chance to keep 15% of the profits you generate in performance fees.  Once you become eligible for the DarwinIA Gold stage, the allocation limit is increased to $500,000, and you can test your strategy against other elite managers in order to gain access to investor capital. The Gold stage also allows you to sell your DARWIN strategy to external investors and build your own brand as an asset manager in order to leverage outside capital to you. 

D-Zero allows you to trade in Forex, CDFs, Commodities, US Stocks and ETFs, with trading in Futures coming soon. The company offers trading on MT4 and MT5 platforms, and there are dedicated apps available for both iOS and Android users. Darwinex Zero also features some of the most in-depth analytics tools and features, and is available to users worldwide, including those from countries like USA and Japan, who cannot trade on the Darwinex Classic trading account.

Darwinex Zero is a revolutionary subscription-based service launched in 2023 by the trading and asset management company Darwinex. This is not a standard prop-trading platform, and D-Zero instead acts as sort of a scouting system where traders prove themselves and their strategies in order to gain access to seed capital from Darwinex’s regulated asset management sisters. This unique service is therefore best-suited to those traders that seek to build a sustainable medium to long track record, and should not be looked at as a short-term solution.

With an emphasis on community, learning, and empowering, Funding Traders sets itself apart from other best proprietary trading firms. Their mission is to discover and enrich new traders with enough knowledge and funds and thus create a mutually beneficial relationship with traders where everyone profits. 

Traders get enough funds for successful large-scale trading while the company gets another valuable member.

In order to become Funding Traders partners, traders first have to complete either a 1-step or 2-step challenge in order to prove they are a good fit for the company. Both challenges have a 10% profit goal, an unlimited trading period, and a minimum of 1 trading day. 

The only differences are the maximum account balance loss of 5% and 10%, and the maximum daily loss of 4% and 5% for 1-step and 2-step respectively. traders that choose a 2-step challenge will also have to complete a verification challenge where they'll have to meet a profit target of 5%, maximum account balance loss of 10% maximum daily loss of 5%. 

The variety of plans is not the only factor that makes Funding Traders one of the best funded trader programs. Traders that pass the challenge will get access to their funds, Funding Traders large and helpful community of experienced traders, and a knowledge hub with all the necessary material for building a successful trading career. 
 
When it comes to account types, traders can choose between 6 basic and 4 premium plans, all depending on the fee and available funds. Their smallest plan will net traders $5,000 in funding for a $50 fee. On the other hand, their largest plan called "Apex" can get traders $2,000,000 in funding, but with a slightly longer and more difficult challenging process. 

All in all, the variety of plans and challenges, helpful online community, and a large resource hub make Funding Traders one of the most exciting prop trading firms on the market right now.

Founded in 2023 by a Wall Street professional by the name of Stan G., Funding Traders is a prop trading company that aims to empower new aspiring traders by giving them access to necessary funds.

In addition to capital, Funding Traders also provides prospective traders with the knowledge base required for successful trading as well as access to a vibrant and helpful community of traders.

Today, Funding Traders operates on forex, indices, stocks, metals, and crypto markets and aims to establish a mutually beneficial relationship with their traders in which everyone profits.

Trade The Pool (TTP) is the first specialized stock prop trading firm on the market, with over 12,000 stocks and ETFs available to trade with. The company was built around providing a tailored experience with numerous unique features tailored to stock prop traders, such as Reset/Bypass or the Growth (Pump/Dump) feature. Trade The Pool also allows for shorting of penny stocks, and its programs come with a 30-day free trial to Tradersync, Tradervue and Stock Traders Daily. 

The company also partners with Trade-Ideas, TrendSpider and Bookmap to provide a 30-day free trial for their services on all TTP evaluation programs except Mini Buying Power. This beginner-friendly account plan starts with a one-time fee cost of $97 and offers a buying power of $20,000, while the most expensive, Ultimate Buying Power program comes with a $1,240 fee and offers the buying power of $260,000.

There are also two additional options available to customers, the Super Buying Power program, and the Extra Buying Power program, costing $300 and $475 respectfully.  Trade The Pool allows you to opt-in for a 14-day free trial where you can test out the platform without risking your money.

The company uses the proprietary trading platform called Trader Evolution, build specifically for professional traders, with unique features that every stock prop trader will use daily, such as scalper window, scanners, market depth and super DOM (depth of market), while also allowing a great deal of customization options and support for various trading strategies.

Trade The Pool is owned by Five Percent Online LTD, which also created and operates the industry-leading proprietary trading firm The5ers. As with The5ers, which was built to be the premiere Forex trading proprietary trading firm, Trade The Pool was created to provide the best possible platform available to traders who want to specialize in stock trading.

The company is incorporated and registered in the United Kingdom, with headquarters in Israel. 

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 5% and the maximum drawdown of 5%.

The starter account comes with a non-refundable $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. The trading capital limit is $1 million, depending on the trading account you choose.

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, SurgeTrader 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 company holds a strong 4.6 rating on Trustpilot from well over 600 reviews. 

Liberty Market Investment has one of the best funded trader program choices in the proprietary trading space in 2023. With $150,000 in account size, and a 100% profit split on the first $30,000 in profits, along with the fact that you can have up to three Funded Session accounts at the same time, the LMI platform is an overall great space for experienced prop traders.

The company has one exclusive trading platform, and that’s VolFix, through which you can track your history and statistics, and adjust your strategy for better profits. There are also trader competitions featured on the platform, and a wide variety of futures exchanges to trade at.

The Liberty Market Investment evaluation program structure stands out from the competition on the prop trading market as well, featuring two different paths toward becoming a funded prop trader. You can either go through the 1-Stage evaluation process called the Qualifying Pro Session, or you can opt for a safer but slower approach with the 2-Stage Program called Practice Session & Qualifying Session.

Both of these evaluation programs have their own benefits and drawbacks, but they lead to the same Funded Session account.

Founded in 2108, Liberty Market Investments is a UK-based prop trading company with headquarters in London. The firm focuses on trading in futures on US and EUREX exchanges, with more than a hundred instruments on offer, including forex, commodities, cryptocurrencies, agricultural and interest rate futures.

LMI was built around the idea of providing the most transparent and user-friendly recruitment programs for beginner and experienced traders alike, along with some of the highest profit splits on the market.

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 $100,000. Hundreds of reviews on Trustpilot and a 4.8 rating 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 a two-phase evaluation program that you must complete successfully in order to become a trader.

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. Profit targets for phase one and two are 10% and 5%.

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 100% 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. And as of recently, the company also allows trading in cryptocurrencies. 

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 is praised by customers 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.