In this article, we’ll examine the Best prop trading firms that are currently available. Numerous prop trading firms frequently provide a range of exclusive benefits and chances for you to demonstrate your trading prowess across multiple markets. There are many proprietary trading firms in the market, and it can be confusing for traders to determine which one to approach. In order to help you progress in your trading profession, practice mindful trading and educate yourself on the advantages of prop trading firms if you’re new to the industry.
1# Topstep
Topstep is a highly rated and well-known trading platform. It is undoubtedly a reliable participant in the industry.
Location: USA
Tradable assets: Futures
Key Features
Thorough Evaluation: Topstep’s evaluation phase is intended to assist traders in demonstrating their proficiency in trading and risk management. It ensures that only experienced traders advance to trade the financed capital through a Trading Combine and a Funded Account stage.
Education & Performance Coaching: To assist traders in honing their trading techniques, Topstep offers a wealth of instructional tools on their trading platform, most of which are available at an extra cost. To give traders individualized guidance and tactics, they also provide performance coaching services.
Community Support: Through forums and social media groups, Topstep’s traders form a vibrant and supportive community. This group facilitates the sharing of techniques, experiences, and mutual assistance among traders.
Pros:
- Provides a thorough and impartial evaluation to demonstrate your trading abilities and gain access to a funded account.
- An emphasis on performance coaching and education to assist traders develop their abilities.
- A helpful trading community where members may exchange methods and experiences.
Cons:
- Only trade in futures, which restricts trading opportunities for those interested in other asset classes.
- The qualifying process can be difficult, therefore total novices might not be cut out for it.
- Coaching is an additional cost.
Summary
Topstep is ranked #1 on our list due to its comprehensive screening process and the opportunity it offers users to start trading with a funded prop trading account without risking their own money. The rigorous yet fair two-phase evaluation process, consisting of a Trading Combine and a Funded Account stage, ensures that skilled traders gain access to funded capital for trading.
2# Apex Trader Funding
Apex Trader Funding is incredibly popular for several reasons, but mainly because it has the highest pass rate for its evaluation program of all the futures prop firms on this list. Additionally, it is by far the most user-friendly choice for novice futures traders. They provide a simple route to live trading with a range of assessment alternatives for which you can become eligible in as little as seven days. During the assessment time, you will trade mini or microcontracts. If your evaluation is successful, you will switch to a funded account and start earning money with your trading abilities.
With up to 20 active accounts at once, traders receive 100% of their first $25,000 earned per account, and after that, 90% of their earnings. This platform offers the highest payout of any futures prop trading account. You can trade on holidays, there are no daily drawdowns, and you can apply your own technique to maximize profits.
You will also view real-time data that might assist you in making the best selections, and payments are not capped. Traders can select from a variety of accounts that have a set amount of futures contracts, a profit target, a trailing threshold, and other features. They can utilize either Tradovate or Rithmic.
Location: USA
Tradable assets: Futures
Key Features
Variety of Funded Programs: Compared to other futures prop trading firms, they provide a far greater selection of funded prop trading programs with varying account sizes.
Fast Evaluation Process: Traders can become eligible in as little as seven days by completing a systematic evaluation.
Strong Emphasis on Education: Together with community support and tools to help educate future traders make up this robust educational platform.
Pros:
- Offers a simple, one-step evaluation process for live trading.
- Highest evaluation pass rate by far.
- High initial payoff.
- No daily drawdowns.
- Strong focus on education to develop future traders.
Cons:
- Mostly deals in futures trading, which might neglect traders who are interested in other assets.
Summary
A major player in the prop trading market, which mostly draws in new futures traders. They are notable for providing multiple options for evaluation and for taking a user-friendly approach to live trading. Apex Trader Funding offers a range of funded trading programs with a 90/10 profit-share ratio that is tailored to suit various trading habits, styles, and preferences. The firm places a major emphasis on education while giving a supportive environment and many resources to foster and grow aspiring traders.
3# MyFundedFutures
MyFundedFutures has drawn notice for its easy-to-use method of funding futures traders. The prop firm provides traders with a transparent route to funding, emphasizing adaptable trading tactics and a nurturing learning atmosphere.
Location: USA
Tradable assets: Futures
Key Features
Accessible Funding Path: MyFundedFutures offers traders an easy way to receive funding, emphasizing transparency and ease of use in the assessment process. The first step of this one-step challenge has a 25% pass rate.
Flexible Trading methods: A variety of trading methods are accepted by the company, allowing traders to trade in a way that best plays to their strengths and trading style. A supportive learning atmosphere is prioritized, with a focus on education. Including tools and peer assistance.
Fastest Industry Payouts: MyFundedFutures is the company with the quickest payouts in the futures prop trading industry. This is significant because some other futures prop trading companies take weeks to pay out.
Pros:
- Provides a clear, easy-to-access funding route for futures traders.
- Permits a range of trading tactics, giving traders freedom.
- Strong focus on education and a nurturing environment for learning.
- Among the industry’s greatest profit margins (90/10)
Cons:
- Opportunities for individuals interested in other markets are limited because the emphasis is exclusively on futures trading.
- It might be necessary to have some prior experience trading futures in order to effectively complete the evaluation procedure.
Summary
One notable feature of MyFundedFutures is how easily it can fund traders in the futures market. Although it is a new product on the market, many prop traders are taking an interest in it because it solves many of the main problems that many futures prop trading organizations face. With its adaptable trading methods and encouraging educational atmosphere, the company provides a favorable setting for the development and success of both novice and seasoned traders.
4# TradeDay
TradeDay has a distinct business model, and its assessment program is intended to help traders grow and learn. Candidates who meet the evaluation’s objectives and follow a set of guidelines are awarded funds to begin trading. Beyond making $10,000 in profits, they keep all of the money they make; beyond that, they split the proceeds 90%. Traders pay a subscription fee in order to take part.
Location: USA
Tradable assets: Futures
Key Features
TradeDay aims to expand its offerings, including more trading platforms. It provides basic charts, but its limited range may be disruptive for short-term trading.
TradeDay also emphasizes education and mentorship to improve the profitability of traders, offering training programs for beginners and advanced traders. Key features include daily pre-open meetings, live streams, trading mentality sessions, and access to the trader development program led by Steve Ward.
Pros:
- One-step procedure for evaluation.
- No ongoing subscription costs after funding approval.
- Live funded account is available as soon as the evaluation is over.
- No waiting time and no upper restriction on withdrawals made starting on the first day.
- Drawdown is updated at the end of the day as opposed to following each deal.
- The capacity to increase trade size as profits mount.
- 14-day trial period.
Cons:
- No more than one account.
- Promotional offers aren’t available for long.
Summary
TradeDay is a reputable platform offering traders the chance to improve their day trading skills and transition into professional trading. It offers two account sizes, educational resources, and a 14-day free trial. TradeDay also allows real capital trading and immediate profit withdrawal. However, it faces competition from top firms like Topstep, Apex Trader Funding, and MyFundedFutures, which offer sophisticated platforms, futures contracts, and attractive payout structures.
5# OneUp Trader
A respectable company in the prop trading space, OneUp Trader gives traders the chance to trade a funded account without jeopardizing personal funds. They are renowned for their friendly trading community and simple evaluation procedure.
Location: USA
Tradable assets: Futures
Key Features
Simple Evaluation Method: Traders can demonstrate their abilities and advance to a funded account with the help of this feature.
Friendly Trading Community: OneUp Trader offers a friendly trading community where traders can exchange experiences, pick up tips from one another, and refine their approach.
Various Trading Scenarios: To accommodate a range of trading philosophies and tactics, they provide a variety of trading scenarios.
Pros:
- A simple assessment procedure makes the switch to a funded account go more smoothly.
- A helpful trade community offers a forum for knowledge exchange and experience sharing.
- A wide variety of trading scenarios accommodates various trading philosophies and tactics.
Cons:
- Mostly concentrated on futures trading, maybe neglecting traders who are interested in other asset classes.
- Even though the evaluation process is simple, newcomers may find it difficult.
Summary
OneUp Trader establishes a strong reputation in the prop trading industry with its user-friendly assessment procedure and encouraging community. They offer traders the chance to trade a funded account without having to risk their own money, similar to many prop firms. This makes it an appealing choice for traders who want to hone their skills and make money while trading.
