Best Prop Trading Firms (Leading Firms Only)
Proprietary or prop trading is an increasingly popular investment method, and plenty of firms are joining this rising sector of the industry. In this form of trading, financial firms profit from market activity, rather than commissions on client trades. If you can trade successfully and follow market trends, these companies will speed up your journey toward financial independence.
Traders on prop trading platforms trade in cryptocurrencies, fiat currencies, stocks, bonds, commodities, and other financial instruments. Finding a platform that deals in assets that are up your alley, under conditions that suit you, can be challenging. To help out, we’ve compiled a list of the leading firms for you to choose from.
Best Prop Trading Firms in December 2024
Top 5 Prop Trading Firms - Our Picks for 2024:
- The Trading Pit - Best for futures traders
Funded Trading Plus - Most trusted platform
Funding Traders - Highest profit split
- Darwinex Zero - Best for experts
FundedNext - Affordable pricing
How We Evaluate Prop Trading Firms
The key to success with prop trading is finding the right prop firm to work with. Many companies are competing for new traders with advertised benefits and higher profit cuts. However, profit margins aren’t the only important criterion, and there are several factors to consider before committing to a specific firm.
Reputation
Due to the well-established presence of bad actors within the prop trading industry, a good reputation takes lots of work to build up. We’ve examined what users have to say about their experience on each platform and how the company handled any issues their traders faced.
Whether in a large or small organization, complaints that haven’t been clearly resolved are reflected in the company’s Trustpilot rating. The time it takes for the firm to onboard new traders and if it’s making on-time payments are some of the most important factors that reflect how reputable the company is.
Available Assets
What do you specialize in? Some prop firms have a variety of assets for trade, while others prefer to have traders focusing on a select few. You’ll likely have a choice of futures, stocks, forex, and other commodities.
Even though some are specifically designated, like forex prop trading firms for example, they can also include trading with cryptocurrencies and precious metals.
Fees & Subscription Costs
Fees and profit margins will be determining factors for any prospective trader on the hunt for a platform. You’ll have to make a financial commitment before being accepted as a regular trader and recieving a funded trading account, and some platforms have a higher barrier to entry than others.
The initial one-time fee for the evaluation process varies significantly; on the plus side, some companies do offer a refund for that payment.
Trading Platforms
Check what trading platform the proprietary firm is using. The leading prop firms implement MT4, MT5, and cTrader platforms, but there are also quite a few other options to choose from on the market.
Customer Support
Having a good support lifeline from the firm you are trading with is going to be essential. You may have important questions or issues to be resolved with your payments, profit splits, platform features, or just about anything else.
That’s where readily available support of a prop firm is incredibly helpful, and an extensive knowledge base will save you the precious time you need to dedicate to research and trading.
Detailed Reviews of Proprietary Trading Firms
FundedNext
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
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 97 thousand funded traders with more than $95 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.
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 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 95% share of the profit.
On the other hand, the Express model sets a profit target with no time limit, and with the same 95% profit split. 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 great 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.
Key Facts:
- 15% profit share from the start
- High profit split
- An account manager for every trader
- Relaxed trading rules
Funded Trading Plus
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Established in 2021 and headquartered in London, Funded Trading Plus is part of FTP London Ltd. The firm provides trading capital to qualified traders through a flexible evaluation system, aiming to support their growth with generous profit splits, instant payouts and a wide range of trading instruments.
Funded Trading Plus provides traders with an accessible path to large trading capital, supported by a comprehensive, globally available program.
The company combines flexible evaluation methods and a range of trading platforms, including MT4, MT5, and TradingView, to meet the needs of diverse trading styles.
With one-step, two-step, and instant funding options, it supports various assets like Forex, indices, metals, and crypto, up to a maximum of $5 million. It also features both static and relative drawdown account types.
Funded Trading Plus’ standout features include a generous profit split reaching 100%, multiple funding programs without time constraints, and an industry-leading scaling plan allowing for account expansion to $5 million.
These options, combined with robust customer support and a positive Trustpilot rating, reflect the firm’s commitment to offering an inclusive, trader-centric experience.
Key Facts:
- Six trading platforms supported
- Refundable fee
- Rapid payout processes
- Static and variable drawdown accounts
- Fantastic scaling plan
- No minimum trading days or time limits on challenges
Funding Traders
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Founded in 2023 by a Wall Street professional by the name of Stan G., Funding Traders is a firm that aims to empower new aspiring traders by giving them access to necessary funds.
With an emphasis on community, learning, and empowering, Funding Traders sets itself apart from other 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 funded, 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 stand out. Traders that pass the challenge will get access to their funds, a 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.
Key Facts:
- 25% growth scaling plan every 3 months
- Knowledge hub and community support
- Account merging allowed
- Permits news trading
- Unlimited trading period
FTMO
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
FTMO has been operational since 2014. The company is based in Prague and is generous with the capital it provides to traders.
FTMO offers a whopping $400,000 of trading capital to its legitimate traders. To become a funded 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 foremost 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 trading firm has to offer before signing up for an official proprietary account and paying fees.
Key Facts:
- 90:10 payout ratio
- Free mobile app
- Unlimited trading period
OFP Funding
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
OFP Funding is a London-based proprietary trading firm, offering traders immediate access to instantly funded accounts without the industry-standard evaluation phases or profit targets.
Founded in 2022, OFP focuses on transparency and flexibility, providing traders with customizable accounts, scaling opportunities, and diverse trading instruments.
With one-time fees starting at $18.25, OFP’s barrier to entry is among the lowest in the industry, all while eliminating recurring costs and monthly subscriptions which are common to a majority of its competitors.
The instant funding model here allows traders to withdraw profits after only 4 days of trading. The accounts themselves are also highly customizable, offering choices in account size, profit splits (up to 80%), maximum daily drawdown limits, and payout schedules.
If you prove that you can be successful in the long run, you can scale your account by 25% of the initial balance after achieving a 20% profit in three months, and do this repeatedly, with a maximum account size of $5,000,000.
OFP offers access to 61 forex pairs, indices, commodities, and bonds, all tradable on popular platforms like cTrader, Match-Trader, and TradeLocker. However, keep in mind that there are strict risk management rules, including daily and overall loss limits and consistency requirements. Violations of these rules lead to account termination or payout postponements.
OFP’s mental health coaching program, educational resources, and positive Trustpilot rating make it a strong choice for disciplined traders seeking flexible funding options.
Key Features:
- Provides instant funding
- Highly scalable accounts
- Great levels of customization
- Variety of trading instruments
- Mental health coaching
The Trading Pit
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
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 proprietary 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.
What sets The Trading Pit apart from other prorietary trading firms 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.
Key Facts:
- Four tools and four platforms supported
- Up to $320,000 payout for CFD trading
- Progressive payout increase
- No hidden fees
- Low latency and transactional costs
- FREE trading platforms
- No time boundaries
- In-depth mentorship and educational support
- Cross-platform compatibility
PipFarm
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
PipFarm is a proprietary trading firm established in 2023 by ECI Ventures Pte. Ltd. It aims to connect talented traders with institutional capital by providing a flexible evaluation process and competitive profit-sharing.
PipFarm offers a highly customizable trading evaluation program, with both one-stage and two-stage evaluations.
In the one-stage evaluation process you can choose between a 12% trailing drawdown or a 6% static drawdown as the risk management tool of your choice.
The two-step evaluation program has a 9% static drawdown rule, and you must also meet a 6% profit target two times in a row in order to get funded.
The firm offers traders the ability to trade with 1:30 leverage, and gives you access to over a 100 different trading instruments, including Forex pairs, crypto, commodities and indices.
The only trading platform available is cTrader, and you are allowed to trade during the weekends or on the news events. PipFarm only forbids HFT and copy trading, but all other strategies are allowed.
The firm’s standout features are its scaling program, allowing you to triple the amount of your initial seed funding, and the innovative XP system, in which you level up and earn more and more perks as you prove yourself through successful trading.
Profit splits offered by PipFarm go from 70% to 95%, increasing as you gain XP and ranks. The firm has no withdrawal fees, and supports bi-weekly payouts.
Key Facts:
- cTrader platform
- Highly scalable accounts
- Numerous support channels
- Various challenge formats
- Innovative XP System
- Fast payouts
FX2 Funding
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
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 trading space, with a streamlined evaluation process and openness to traders of all types.
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% (with a 95% profit split available with the two-step evaluation program), 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 better trading firms 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.
Key Facts:
- One-stage evaluation
- No time limits
- No stop loss required
- Doesn't require credit checks or collateral
Darwinex Zero
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Darwinex Zero is a first-of-its-kind subscription service, with a $38 monthly fee. 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, ETFs and futures. 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 US and Japan, who cannot trade on the Darwinex Classic trading account.
Key Facts:
- No limitation rules (no min/max drawdown - no max loss)
- Monthly capital allocation (even in negative months)
- Available to traders worldwide
- External investor funding
SabioTrade
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
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.
What sets apart SabioTrade from other 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 $119 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 80% and an account balance of $20,000. 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.
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 trading 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.
Key Facts:
- 1-step assessment without time limit
- No limits on payouts
- Unique prop trading environment with integrated traderoom
- Smart custom-designed platform by Quadcode
- Free trading signals, training & educational materials
- Generous leverage
- 7-days trial
- User-friendly interface & 24/7 support
FXCI
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
FXCI was founded with the idea of providing support to talented traders from all over the world, and giving them access to outside investor capital.
From offering trading courses in 2020 to one of the newest prop trading firms on the market today, FXCI has come a long way from its humble beginnings and now challenges the competitors in the global trading world.
This trading firm features one of the most robust selection of evaluation challenges we’ve found so far, with twelve different options available. These challenges start at $49 and go as high as $959 to enter, with plenty of other account choices in between.
FXCI only charges this single fee, so there’s no subscription cost or any other platform fees featured here, and while there is no free trial available right now, the initial cost you have to pay is refunded upon the successful completion of your challenge, when you make your first withdrawal.
The majority of instruments featured at FXCI are Forex pairs, but you can also trade in indices, commodities and precious metals through the company’s partnership with DXtrade.
The leverage for trading in Forex is set at a high 1:100, while other instruments have a leverage of 1:50.
FXCI also offers one of the highest profit splits on the market right now, with the two-step evaluation challenges having an 85% profit split, while the one-step evaluation options here are capped at 60%.
Add to this a great variety of payment methods, like Stripe, PayPal, Coinbase, credit cards, Bitcoin and other currencies, and quick 24-hour withdrawals, and FXCI can be a good choice for traders of all skill or income levels.
Key Facts:
- Bi-weekly payouts
- Copy trading, martingale, hedging and news trading allowed
- No consistency rule
- Easily tailor your challenge to your specific needs
- No stop-loss requirements
- No position lot size limit
- Withdrawals in 24 hours
4PropTrader
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
4PropTrader is a Dubai-based trading firm which carved a niche for itself as a go-to destination for skilled futures traders looking to leverage the firm’s capital with accounts going as high as $250,000.
The company has over seven years of operational experience, and hundreds of funded traders, focusing on personalized support and market analysis, while providing its users with the latest innovations in trading tools.
4PropTrader only has one evaluation stage for all of its plans, of which there are six. There is a monthly subscription price for all of the available plans, starting from $99 for the Beginner Program, and going up to $280 for the all-encompassing Extreme Program.
All of the plans come with a high 95% payout rate, and a 100% payout rate for the first $8,000 of profit, making the offer here one of the best that the market has to offer right now.
At 4PropTrader, you can trade in a variety of futures contracts on exchanges such as COMEX, NYMEX, CBOT and CME, allowing for great flexibility and the ability to strategize across multiple markets.
Trading with 4PropTrader also comes with no platform fees for using any platforms which supports Rithmic connection, such as the R|Trader Pro, and the deposit and withdrawal process is easy and streamlined, with no time limits imposed in order to be eligible for your first withdrawal.
All you have to do is meet the $1,000 profit requirement before requesting your withdrawal, which is usually processed in 48 hours.
Key Facts:
- Futures trading only
- Industry-high payout rates
- Zero platform fees
Trade The Pool
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Trade The Pool is owned by Five Percent Online LTD, which also created and operates the industry-leading firm The5ers.
As with The5ers, which was built to be a Forex-centric 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.
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.
Key Facts:
- First specialized stock trading prop firm
- 1-step evaluation
- One-time fee
- Over 12,000 symbols to trade with
- Allows shorting penny stocks
Liberty Market Investment
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Founded in 2108, Liberty Market Investments is a UK-based prop trading firm 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.
Liberty Market Investment has one of the best funded trader programs in the proprietary trading space. With $300,000 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 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 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.
Key Facts:
- 100% profit on the first $30,000
- No registration fees
- Wide selection of futures exchanges
- Trader tournaments
City Traders Imperium
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Founded by Daniel Martin and Martin Najat, City Traders Imperium is another solid 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 great trading benefits once you become a Portfolio Manager.
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.
Similar to other companies in this line of work, City Traders Imperium has both a one-step and two-phase evaluation programs that you must complete successfully in order to become a trader.
The one-step evaluation process here has a maximum drawdown of 6%, and you can trade with a 1:30 leverage. There are no time limits, and once you pass the evaluation you can get up to 100% in profit share, as well as a monthly salary going as up as $400, depending on the account size you choose.
The two-step evaluation starts with the lowest one-time fee available at CTI, costing just $39 for the smallest account size option, and once passed provides 80% to 100% in profit shares, and monthly salaries going as up as $500.
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 especially good for forex traders. 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.
Key Facts:
- Free course before enrolling in the Evaluation program
- Well-known for trading forex pairs
- Online material for traders
FAQ
Is proprietary trading legal?
It depends on the person making the trades: In most situations, prop trading isn’t illegal, unless you are working for some of the most influential banks in the world. Due to the 2008 financial crisis, banks are no longer allowed to conduct proprietary trades.
Are prop trading firms worth it?
Prop trading is a legitimate method of earning huge profits by making trades. Users who can make it through evaluation quickly get access to funded accounts and can start trading with the firm’s capital, which in some instances can amount to millions of dollars.
Do prop traders make money?
Yes, they do. Successful proprietary traders can expect to earn between $100,000 and $200,000 per year. Entry positions earn somewhat less, but most prop trading firms pay their traders competitively.
How do prop trading firms make money?
The main way prop trading firms earn money is by taking a percentage of each trader's profit, usually somewhere between 10% to 50%. There are also some companies which may charge for services like coaching and account opening.