10 Best Forex Prop Trading Firms

10 Best Forex Prop Trading Firms

Prop trading is a popular way for forex traders to get access to capital and put their strategies to the test. The best prop trading firms have a lot to offer - from state of the art trading platforms, to funding up to or more than $1 million. 

Top prop firms may only take 10 to 20% of the profits generated by their traders, which is very lucrative for forex traders, who also have the luxury of using above average leverage to further boost their purchasing power. 

Best prop firms typically divide their accounts into tiers, depending on the degree of funding available, while also offering a simulated test account for beginners to see how well they perform under the specifications provided by the prop firm. 

Forex prop trading firms enforce certain rules and limitations to make sure that the best risk management measures are in place for every trade. For example, some prop firms may require traders to place stop-losses on all of their trades. 

How Do Forex Prop Trading Firms Work?

Prop trading firms use their own capital to trade various financial instruments, such as stocks, bonds, forex, crypto, futures, etc. 

These companies give thousands of traders the ability to prove themselves on the market and provide them with certain guidelines and limitations to manage the risks associated with their chosen strategies. 

Forex prop trading firms give traders the opportunity to increase their buying power tremendously by using the firm’s funds to make trades, in exchange for a portion of their profits staying at the firm and the trader paying a monthly membership fee. 

This allows prop trading firms to have a consistent cash flow from the traders to cover for some of the losses that may arise from their trading activity. 

Best proprietary trading firms offer traders attractive terms, such as multiple payout methods, higher profit share, state of the art trading software, etc.

Fidelcrest

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Fidelcrest is a Cyprus-based prop trading firm that offers instant account delivery upon purchase 

Considered one of the best prop firms, Fidelcrest gives traders the ability to keep up to 90% of their profits from forex trading.

Here are some key facts and figures about trading with Fidelcrest:

  • Traders can use Normal and Aggressive strategies when using Fidelcrest and can make trades and construct strategies at their own discretion
  • The maximum leverage provided by Fidelcrest is 100:1 
  • Supports all major and minor pairs, such as: EURUSD, EURJPY, GBPUSD, GBPJPY, etc
  • The lowest plan starts at EUR 99/months and grants access to $15,000 in starting capital 
  • Fidelcest has two account types, Micro Trader and Pro Trader. Micro Trader account grants access to $15,000-$60,000, while Pro Trader gives $250,000-$1,000,000
  • Traders on Fidelcrest can hold positions overnight and on weekends

Topstep

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Widely considered one of the best forex prop firms, Topstep is a U.S-based firm that offers up to 90% of profit to their traders.

Some important facts and figures regardingTopstep, including their offerings and terms include:

  • Topstep offers futures and forex trading on pairs, such as: EUR/USD, XAU/USD, XAG/USD, AUD/USD, etc 
  • Topstep offers instant funding to those who successfully go through the test phase 
  • Topstep has three account tiers, which grant access to $50,000, $100,000, or $150,000 for a monthly price of $165, $325, and $375 a month, respectively
  • Traders can open positions with maximum sizes of 5, 10, and 15 contracts, respectively
  • Traders can hold overnight positions when using Topstep. However, weekend holding is not allowed
  • The one-time activation fee charged to traders is $149 when signing up

FTMO

One of the most popular forex prop trading firms, FTMO is based in the Czech Republic. The firm offers profit sharing up to 90% to its traders.

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FTMO offers flexible and convenient terms to traders, such as:

  • Trading methods on FTMO are divided into Normal and Aggressive categories in terms of risk 
  • The Normal risk profile provides capital up to $200,000, while the Aggressive risk profile offers up to $100,000
  • There are no trading period limitations on FTMO
  • Prospective traders can use a 30-day free trial to test FTMO’s offerings 
  • FTMO supports forex pairs, such as: EURUSD, GBPUSD, GBPJPY, USDCAD, and AUDUSD
  • FTMO does not have any monthly subscriptions and no time constraints for traders

BluFX

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BluFX is a UK-based forex prop trading firm that offers a 50/50 profit split to traders. While the profit share might be lower, BluFX makes up with other features, such as:

  • Accounts on BluFX are divided into four packages - Mini Lite, Lite, Pro, and Super Pro, offering $10,000, $25,000, $50,000, and $100,000 in funding, respectively
  • Traders on BluFX have access to the cTrader platform to execute trades on the forex market 
  • Mini Lite and Lite accounts are constrained to trading from 6 am to 9 pm UTC, while Pro and Super Pro accounts are active 24 hours a day 
  • The monthly fees for the four accounts are $99 (Mini Lite), $159 (Lite), $369 (Pro), and $1,099 (Super Pro) 
  • Withdrawals on BluFx are available daily 
  • Traders that consistently generate profits upward of 10% can upgrade their Pro and Super Pro accounts up to $1 million

SurgeTrader

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One of the best forex proprietary trading firms, SurgeTrader offers traders a profit share of up to 90%. Aside from this, the firms comes with many advantages to forex traders, such as:

  • Forex traders can get up to 20:1 leverage on SurgeTrader
  • There are no time limits on trades
  • SurgeTrader offers 6 different packages, where traders can gain access to $25,000 (Starter), $50,000 (Intermediate), $100,000 (Seasoned), $250,000 (Advanced), $500,000 (Expert), and $1,000,000 (Master), respectively
  • The audition process at SurgeTrader is relatively fast and concludes within 24-48 hours 
  • SurgeTrader requires traders to place stop-losses on all of their trades 
  • Payout methods on SurgeTrader includes: PayPal, Payoneer, Transferwise, as well as bank transfers and ACH withdrawals

Earn2Trade

Earn2Trade has four different funding options for live accounts, with $25,000, $50,000, $100,000, and $200,000 in funding. 

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Other key facts and figures about Earn2Trade include:

  • Accounts on Earn2Trade are divided into two categories, TSP25 and TSP50, with TSP50 offering the possibility to increase funding up to $400,000
  • These accounts has a daily loss limit of $550, $1,100, $2,200, $4,400, respectively
  • Traders are required to trade for at least 15 days and must close their positions by 5 pm CT
  • Trades on Earn2Trade get to keep 80% of their generated profits 
  • Earn2Trade is broadly focused on forex and futures trading and does not offer stocks and bonds
  • Traders can use traditional routes, such as bank wire transfers, as well as PayPal, Revolut, Wise, Payoneer, and cryptocurrency withdrawals via Coinbase

TopTier Trader

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TopTier Trader offers two types of accounts to traders - Regular Trading and Swing Trading, with up to 90% in profit sharing.

Kere are the key facts and figures for traders considering TopTier Trader:

  • Traders can obtain funding within 10 days of completing the trial 
  • Funding for Regular and Swing accounts range from $5,000 to $300,000, which is divided into 7 tiers 
  • The minimum number of trading days is 4 
  • The TopTier Challenge Plus offers different maximum loss limits to traders, as well as 100:1 leverage for forex trading, while also enabling EAs and weekend holdings
  • Traders go through a 2 phase evaluation procedure, with 5% and 10% profit targets based on the account type

FTUK

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FTUK is a UK-based prop trading firm that offers traders profit sharing up to 80%. The firm offers different currencies for trader accounts, such as GBP and EUR.

  • There are four funding tiers on FTUK - $14,000, $40,000, $60,000, and $90,000. These accounts can be scaled up to $896,000, $2,560,000, $3,840,000, and $5,760,000, respectively
  • One-time payments for these accounts are $149, $349, $449, and $599, respectively
  • The absolute drawdown for these accounts is 6%
  • Traders on FTUK can get leverage up to 100:1
  • FTUK offers the trading of forex, commodities, and indices 
  • Traders can hold positions on weekends and overnight 
  • FTUK maintains a 10% profit target for its funded accounts

Elite Trader Funding

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Traders on Elite Trader Funding can claim up to 90% of their profits, and 100% up to $12,500. 

Here are some important facts and figures about the firm:

  • The opening evaluation fee is $75 and is fully refundable 
  • Elite Trader Funding offers 8 different funding options, from $10,000 up to $300,000
  • The monthly price upon qualification is $80 for every funding option 
  • Traders also have the option of accelerated evaluation, which is divided into three tiers, the $25,000 Mini Track, and the $100,000 and $250,000 evaluations 
  • Each evaluation requires minimum trading of 5 days 
  • Traders can also use the 14-day free trial to test the platform provided by Elite Trading Funding

City Traders Imperium

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City Traders Imperium offers traders a profit share of up to 100% when trading with the prop firm. The company is based in the UK.

Some important facts and figures include:

  • The payout time for traders is roughly 5 hours 
  • Instant and direct funding is available once traders pass the trial
  • Funding between the Instant and Direct options are divided into tiers, such as $5,000, $10,000, $25,000, $50,000, $75,000, and $100,000
  • Each of these options have an absolute drawdown limit of 5% and provide a 10:1 leverage 
  • Traders can scale their purchasing power up to $2 million for both, Instant and Direct funded accounts 
  • There are no minimum trading day requirements and a maximum scaling option of $4 million is possible for seasoned traders 
  • Traders using City Traders Imperium can trade on the weekends, overnight, and use EAs 
  • Traders that prove their knowledge and deliver results have the opportunity to get a monthly salary from the firm, alongside the funded account

Key Takeaways From 10 Best Forex Prop Trading Firms

  • Top prop firms give forex traders the opportunity to greatly increase their purchasing power and trade with a funded account 
  • The best forex prop trading firms offer market insight and sophisticated tools in exchange for a fraction of the profits generated by traders 
  • Top forex prop firms offer various funding options to traders based on their trai performance and experience level
  • Prop firms, such as FTMO, Topstep, SurgeTrader, etc. have robust offerings and sufficient capital to fund traders and give them autonomy on their trading strategies in exchange for compliance with performance expectations

FAQs On 10 Best Forex Prop Trading Firms

What are the best forex prop trading firms?

Some of the best forex prop firms include the likes of FTMO, Fidelcrest, SurgeTrader, and others. Top forex prop firms offer up to 90% in profit sharing, as well as sophisticated trading software, professional guidance, and permissive performance requirements. 

Are forex prop firms legit?

Yes, forex prop firms are legitimate businesses that give traders access to capital and the ability to keep up to 90% of their profits, while the firms keep the rest. Some forex prop firms also charge a monthly membership fee for their services. 

How do forex prop firms work?

Forex prop firms, short for proprietary trading firms, provide capital to traders in exchange for a share of their profits. Traders use the firm's funds to trade the foreign exchange market, and the profits generated are split between the trader and the firm. Prop firms often provide training, technology, and risk management support to their traders.