Best Prop Trading Firms For 2023: The Future Of Prop Trading (2024)

Best Prop Trading Firms For 2023: The Future Of Prop Trading (1)

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Welcome to Trading Strategy Guides! We’re thrilled to have you here and hope to be your go-to source for trading strategy education. Today, we’re excited to share with you the best prop trading firms of 2023.

When choosing a prop trading firm, it’s important to look for certain characteristics such as reputation, trading platform and technology, trading strategies and products, training and support, compensation and payouts, risk management and compliance, and culture and community. Each trader may prioritize these characteristics differently depending on their individual goals and preferences.

If you’re new to Trading Strategy Guides, welcome! We have some of the most comprehensive trading education in the industry. Feel free to browse our trading strategy articles to find anything you’re looking for.

Now, let’s dive into our list of the top 20 prop trading firms for 2023. But before we do, we’d like to remind new traders to check out our comprehensive guide, What is Trading, which provides an overview of financial markets and the basics of trading.

Additionally, if you’re new to proprietary trading, we would love to invite you to read our most comprehensive guide on prop trading.

Thanks for joining us, and let’s get started with our list of the best prop trading firms for 2023!

Table of Contents

Intro — Best Prop Trading Firms

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You are currently reading the fifth article in ourprop firm tradingseries.

In this article, we break down all the components of what it means to be a prop trader, as well as the characteristics of prop trading firms.

In the firstprop trading for beginnersarticle, we teach you the necessary steps required to learn what prop trading is all about. It breaks down prop trading into simple bite-sized pieces to teach you everything we could think of on your journey to become a prop trader.

In the next article, we teach youhow to become a prop trader, teaching you all the basics, and the research required to get started as a prop trader.

The third article attempts to answer the question “Is prop trading legal for US citizens“, this can be confusing for some US citizens based on the some of the rules and regulations of from the SEC and other financial regulation authorities.

Next, we elaborate on the prop firm exam, by teaching youhow to pass a prop firm trading test. We give you a simple strategy and try to emphasize discipline and risk management when it comes to take a prop firm trading test.

Now let’s begin going overthe best prop trading firms in 2023!

As the world of trading continues to evolve, prop trading firms have become an increasingly popular choice for experienced traders and newcomers alike. With their focus on providing traders with the tools, support, and resources needed to succeed in today’s fast-paced markets, prop trading firms have become a driving force behind some of the most innovative and successful trading strategies in the industry.

So, which prop trading firms are the best?

In this article, we’ve compiled a list of the best prop trading firms for 2023. Whether you’re a seasoned trader looking for a new opportunity or a beginner just starting out, this list is designed to help you find the firm that best fits your trading style, goals, and preferences.

Before we dive into the best prop trading firms of 2023 we’re going briefly cover, what prop trading firms are, the benefits, and some of the criteria needed in choosing a prop firm.

Take a look!

What Are Prop Trading Firms?

Prop trading, is a form of trading where a firm uses its own capital to make trades in financial markets. This differs from traditional trading, where a firm trades on behalf of clients.

Prop trading firms are typically made up of experienced traders who use their knowledge and expertise to make profitable trades. Prop trading can be a high-risk, high-reward strategy, but can also be very lucrative for those who are successful.

For more detailed information on prop trading and prop firms, visit our ultimate guide to prop trading.

What Are The Benefits of Prop Trading?

Prop trading offers many benefits for traders, including the ability to work independently and make decisions based on their own analysis and expertise. Prop traders also have the potential to earn higher profits than traditional traders, as they are using the firm’s own capital to make trades.

Additionally, prop trading firms often offer competitive compensation packages and access to advanced trading technology and resources. However, it’s important to note that prop trading can also be a high-pressure and high-stress environment, and success is not guaranteed.

If you’re looking for more information related to the qualities needed in prop trading, check out our guide on how to become a prop trader. You can also check out, Is Prop Trading Legal.

Criteria for Choosing the Best Prop Trading Firm.

When choosing the best prop trading firm to work with, there are several important criteria to consider. First and foremost, you’ll want to look for a firm with a strong track record of success and a proven ability to generate profits for its traders. You’ll also want to consider the firm’s technology and resources, as well as its compensation packages and overall work environment.

When choosing the best prop trading firm to work with, there are several important criteria to consider. First and foremost, you'll want to look for a firm with a strong track record of success and a proven ability to generate… Click To Tweet

Other factors to consider include the firm’s reputation in the industry, its training and development programs, and its approach to risk management. By carefully evaluating these criteria, you can find the best prop trading firm to help you achieve your goals and succeed in the world of trading.

Ultimately, does the prop firm you are looking for align with your prop trading strategy?

When choosing a prop trading firm, here are some characteristics that a trader should look for:

Reputation and track record:

Look for firms with a good reputation in the industry and a track record of success.

Trading platform and technology:

Make sure the firm offers a robust trading platform and cutting-edge technology that allows you to trade effectively and efficiently.

Trading strategies and products:

Look for a firm that offers a range of trading strategies and products that fit your trading style and expertise.

See also: How to choose the best trading strategy.

Training and support:

Choose a firm that provides comprehensive training and ongoing support to help you improve your skills and achieve your trading goals.

Compensation and payouts:

Consider the compensation structure and payout rates offered by the firm, as well as the level of risk involved in the trading activities.

Risk management and compliance:

Look for a firm that has strong risk management policies and procedures in place to protect traders and ensure compliance with regulatory requirements.

Culture and community:

Consider the firm’s culture and community, and make sure it aligns with your personal values and trading goals.

Keep in mind that different traders may prioritize different characteristics depending on their individual goals and preferences. It’s important to do your research and carefully evaluate each firm before making a decision.

Top Prop Trading Firms to Watch in 2023.

As the world of prop trading continues to evolve, it’s important to keep an eye on the top firms that are leading the way. These firms have a strong track record of success and offer a range of benefits for traders, including access to advanced technology and resources, competitive compensation packages, and a supportive and collaborative work environment.

Whether you’re an experienced trader or just starting out, these firms are worth considering as you explore the world of prop trading:

The Best Prop Trading Firms To Get Funded in 2023

The Funded Trader — Best Prop Trading Firms For Fun

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Overview

The Funded Trader program is a prop trading firm with the goal to provide a funding solution for under capitalized traders globally. The company was founded in 2021 in Fort Lauderdale, Florida, by Blake Olson, Angelo Ciaramello, and Nick D’Arcangelo, who previously founded Forex League and VVS Academy.

Funding Programs

The Funded Trader program offers four funding programs: the Standard Challenge, Rapid Challenge, Royal Challenge, and Knight Challenge. These programs have varying account sizes, profit targets, and evaluation periods. The account sizes range from $25,000 to $1.5 million in funded capital, with profit-sharing of 80% or 90% with scaling.

Trading Options

Traders can trade forex, commodities, indices, and crypto on leverage ranging from 30:1 to 200:1. The company allows traders to hold positions overnight and on weekends and conduct news-based trading, providing a relaxed trading environment.

Funding Options

The company offers three funding options: Standard Challenge, Rapid Challenge, and Royal Challenge. The profit split ranges between 80% and 90%, and each challenge consists of three steps: evaluation, verification, and funded trader status.

Trading Platforms

Funded accounts can be traded through Eightcap MetaTrader 4 and 5, and Purple Trading with MetaTrader 4. The standard commission fee is $5 per standard lot.

Cost and Payment

The cost of joining the Standard Challenge ranges from $129 for a $10,000 account to $1,898 for a $400,000 account. Payments can be made via credit card and ERC 20 crypto network, while payouts are available via cryptocurrency (BTC, ETH, LTC, USDC) and Deel.

Support and Contact

The Funded Trader program can be contacted at support@thefundedtraderprogram.com and via phone. The company provides chat support in four languages.

Customer Reviews

The company has a Trustpilot rating of 4.9/5, with 2,887 ratings. However, they also receive many 1-star reviews every month with various complaints.

Key Takeaways

In conclusion, the mission of The Funded Trader is to provide a solution for traders globally to have access to greater amounts of capital. The company offers a relaxed trading environment, flexible funding options, and a limited number of trading platforms.

OneUp Trader — Best Prop Trading Firms For Beginners

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Overview

OneUp Trader is on a mission to provide Funded Trading Accounts for All Levels of Traders. They offer funded trading accounts to both experienced and novice traders. The process to obtain a funded account is straightforward, requiring only two steps: evaluation and funding.

Trading Evaluation Program

The company’s Trading Evaluation program evaluates your trading skills through a real-time day trading simulator. After passing the evaluation, you are introduced to OneUp’s funding partners, and the first $8,000 in profits are yours to keep. You take home 80% of all winnings after the first $8,000 in profits.

Funding Options

OneUp Trader offers funding options ranging from $25,000 to $250,000, with advanced analytics and data to help traders succeed. The company partners with multiple prop trading firms to guarantee trading funds of up to $250,000.

Trading Platforms

OneUp Trader supports various trading platforms such as Ninjatrader, R|Trader, Agena Trader, Photon, and eSignal, allowing traders to choose the platform that best suits their needs.

Account Parameters

Each funded account has its own risk parameters, and traders can extract profits from the markets without risking their own capital. Traders are placed with a funding partner after a successful evaluation, and each account has its own risk parameters. Funded traders are eligible to withdraw 100% of their first $10,000 net profit and enjoy a 90% profit split afterward.

Payment and Support

OneUp Trader accepts credit and debit cards for payments and wire and cryptocurrency for payouts, with a minimum transfer amount of $1,000. The company provides 24/7 real-time customer support and offers a free 7-day trial.

Drawbacks

Some drawbacks include a minimum of 15 trading days required, limited payment methods, and a lack of disclosure about the company’s address and contact information on the website.

Key Takeaways

OneUp Trader has been in the industry for a long time and has funded thousands of traders. The company’s two-step evaluation process is designed to prove traders’ skills and receive a funded trading account. Traders can extract profit from the markets without risking their own capital and have the chance to extract their first $10,000 in profit. OneUp Trader is a great option for traders who want to trade with a funded account and take their trading to the next level.

Best Prop Trading Firms For 2023: The Future Of Prop Trading (5)

Overview

Elite Trader Funding funds traders to trade Futures. They work with several liquidity providers like SWOT, CME, COMEX, NYMEX, and SMFE.

Trading Platform and Instruments

The platform offers trading futures contracts on currencies, cryptocurrencies, stocks, agricultural commodities, metals, and energies. Traders can use leverage, and there are no restrictions on strategies. The platform provides access to the 76 most popular futures contracts. Elite Trader Funding supports the most popular futures trading platforms, including NinjaTrader, Tradovate, Rithmic, and TradingView. However, the prop firm does not allow trading via MetaTrader 4 and MetaTrader 5 (MT5).

Evaluation and Funded Accounts

There are five different types of evaluations to apply for the funded accounts. Prices of the smaller funded accounts start at $45, and they go up to $590 for the bigger account. Once you qualify for a real account, the fee is $80/month on any account type and size. The Elite Trader Funding funds traders with account balances that go from $10,000 up to $300,000. There’s no scaling plan.

Fees and Profit Split

The prop firm charges a monthly fee, but a new partner can use all the services for free within 14 days. After the trial period, a subscription fee is charged. This fee decreases if a trader completes a challenge. If traders reach the maximum drawdown, they can reset the account parameters, which costs $75. A trader keeps 100% of the profit relevant for the first $12,500 of income. Then traders receive 80% of their profits. The partnership program pays traders 15% of the monthly fee of each referral.

  • Elite Trader Funding focuses on funding futures traders.
  • Traders have access to a variety of futures contracts, can use leverage, and there are no restrictions on strategies.
  • Traders can apply for funded accounts through five different evaluations, with prices starting at $45.
  • The firm charges a monthly fee, but new partners can use all services for free within 14 days, and the subscription fee decreases if a trader completes a challenge.
  • Traders keep 100% of the profit relevant for the first $12,500 of income, and then receive 80% of their profits. The partnership program pays traders 15% of the monthly fee of each referral.

Apex Trader Funding — Best Prop Trading Firms For

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Overview

Apex Trader Funding is a Futures proprietary trading firm located in Austin, Texas. The firm was founded in 2021 and has quickly gained popularity for providing traders with funding to trade Futures across several instruments, including Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures, and Crypto Futures.

Account Sizes and Pricing

The firm offers traders the flexibility to choose an account balance that ranges from $25,000 to $300,000, with a corresponding evaluation fee ranging from $147/month to $657/month. There is no leverage, and the trading account balance serves as the buying power. Traders can start trading with 4 contracts (or 40 micros) with the $25,000 account and increase to 35 contracts (or 350 micros) with the $300,000 account.

Profit Split

The profit split offered by Apex Trader Funding is attractive for traders, starting at 100% for the first $25,000 in profits and then adjusting to 90/10. This means that the trader keeps 90% of their profits, and the firm keeps 10%.

Evaluation Process

Apex Trader Funding’s evaluation process has two types of accounts, Full and Static accounts. Traders must trade for a minimum of seven days, and there is no maximum time to trade. Full accounts have a profit goal, a maximum number of contracts that can be traded, and a trailing threshold to adhere to. Static accounts have one account balance available, with a maximum drawdown to respect instead of a trailing threshold.

Rules and Restrictions

Traders are required to follow specific trading rules, such as closing trades and canceling pending orders before 4:59 PM CT each day. Any software that fully automates trading is not allowed to use with Apex Trader Funding. However, traders can use software that helps with trading, like executing orders faster or setting take profits and stop loss. Holding trades after the close of the day is not permitted. Traders are not offered free trials, and there are no free repeats.

Platforms and Reviews

Apex Trader Funding supports several futures trading platforms, including NinjaTrader, Tradovate, TradingView, Wealthcharts, Trader, ATAS, Bookmap, Edgeclear, Finamark, Jigsaw Trading, Motivewave, Quantower, Rithmic, Sierra Chart, Volfix, and Rithmic. According to Trustpilot, Apex Trader Funding is classified as excellent, with a score of 4.8/5.0 after 2,000+ reviews of the prop firm.

Key Takeaways

  • Apex Trader Funding offers funding to trade Futures across various instruments.
  • The firm offers traders different account balances and evaluation fees.
  • The profit split starts at 100% for the first $25,000 in profits, then adjusts to 90/10.
  • Traders must follow specific trading rules, including not using fully automated trading software.
  • The firm offers support for several futures trading platforms, including NinjaTrader, Tradovate, and TradingView.

Topstep — Best Prop Trading Firm For Futures Trading

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Overview

Topstep is a proprietary trading firm founded in 2012 by Michael Patak and Jay Rudman. It aims to help traders become consistently profitable by providing them with simulated trading accounts and coaching. If a trader passes Topstep’s evaluation process, they can receive a funded account to trade with real capital.

Evaluation Process and Account Sizes

Topstep’s evaluation process requires traders to demonstrate their ability to follow specific risk management rules and profit targets. Traders can choose from several different account sizes, each with different profit targets and risk parameters. Topstep charges a monthly subscription fee for access to their evaluation process and trading platform.

Educational Resources and Community Features

In addition to funding, Topstep also offers educational resources and community features for traders. These include live trading webinars, trading psychology courses, and a trading journal app. Traders can also connect with other traders and share ideas in the Topstep community forum.

Profit Share and Trading Rules

If a trader meets the profit target and risk parameters of their funded account, they can keep a portion of their profits, with the rest going to Topstep. Traders must follow certain rules while trading, such as meeting profit targets, adhering to drawdown limits, and trading within specified times.

Platforms and Offices

Topstep supports several trading platforms, including NinjaTrader, MetaTrader, and TradingView. It has offices in Chicago, Illinois, and Kildare, Ireland.

Key Takeaways:

  • Topstep is a proprietary trading firm that funds traders in the futures and forex markets.
  • Traders must pass Topstep’s evaluation process to receive a funded account with real capital.
  • Topstep offers educational resources, community features, and different account sizes with different profit targets and risk parameters.
  • Traders must follow certain rules while trading, and Topstep charges a monthly subscription fee for access to their evaluation process and trading platform.
  • Topstep supports several trading platforms and has offices in Chicago, Illinois, and Kildare, Ireland.

FTMO — Best Prop Trading Firms For Professional Forex Traders

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Overview

FTMO provides funding to traders who pass their evaluation process. The firm provides traders with access to their proprietary trading platform, mentorship and support, and a range of instruments to trade.

Evaluation Process and Funding Options

FTMO offers different evaluation options based on the trader’s experience and goals, including a free 14-day trial and three paid evaluation packages. The evaluation process includes a set of trading objectives that the trader must meet to pass and receive funding. Traders can receive a funded account of up to $100,000 with a profit split of 70% for the trader and 30% for FTMO.

Trading Platform and Instruments

FTMO provides traders with access to their proprietary trading platform, which includes a variety of tools and features, such as market analysis, risk management, and trade analysis. Traders can choose from a range of instruments to trade, including forex, commodities, and indices.

Mentorship and Support

FTMO has a team of experienced traders who provide mentorship and support to traders throughout the evaluation process and beyond. The firm offers a risk management system that automatically monitors and manages traders’ positions to prevent excessive losses.

Evaluation Fees and Withdrawals

FTMO charges a one-time evaluation fee for each evaluation package, which ranges from $99 to $549. Traders can withdraw their profits from their funded account once a month, and there are no restrictions on how much they can withdraw.

Referral Program

FTMO has a referral program that rewards traders for referring new traders to the firm.

Key Takeaways:

  • FTMO is a proprietary trading firm that provides funding to traders who pass their evaluation process.
  • Traders can choose from a range of evaluation options, including a free 14-day trial and three paid evaluation packages.
  • FTMO provides traders with access to their proprietary trading platform, mentorship and support, and a range of instruments to trade.
  • Traders can withdraw their profits from their funded account once a month, and there are no restrictions on how much they can withdraw.
  • FTMO has a referral program that rewards traders for referring new traders to the firm.

Global Prop Trader — Best Prop Trading Firms For Stocks, Crypto, Forex, Commodities

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Overview

Global Prop Trader is a relatively new proprietary trading firm founded by Casey Stubbs, the founder of Trading Strategy Guides. The firm offers traders access to a team of experienced professionals, including access to proprietary trading software, education and training, and risk management tools.

Access to Proprietary Trading Software, Education, and Training

The website provides real-time market data, news and analysis, and a community of traders to collaborate with. Global Prop Trader is committed to education and training and provides a comprehensive training program covering market analysis, risk management, psychology, and discipline.

Prop Trading and Capital Access

The firm focuses on prop trading, providing its traders with access to significant capital and cutting-edge technology to trade across a range of markets. Traders who are interested in joining the team can apply through the firm’s website.

Profit Sharing and Withdrawal Policies

Global Prop Trader empowers traders to achieve profitability through comprehensive training, ongoing support, and access to significant capital. The firm allows traders to keep up to 75% of the profits and withdraw their profits once every thirty (30) days.

Audition Process and Funded Accounts

Aspiring traders must first pass an audition to demonstrate their skills, discipline, and competency. Once they successfully complete the audition, they receive a funded account of up to $1 million. Global Prop Trader was founded with a mission to accelerate trader funding and empower exceptional traders to capitalize on their success.

Headquarters and Financial Backing

The firm is headquartered in Latrobe, PA, and has a strong financial backing from a venture capital group and holding company.

Key Takeaways:

  • Global Prop Trader is a new proprietary trading firm founded by Casey Stubbs, offering traders access to a team of experienced professionals, education and training, and risk management tools.
  • The firm focuses on prop trading, providing its traders with access to significant capital and cutting-edge technology to trade across a range of markets.
  • Traders can keep up to 75% of profits and withdraw their profits once every thirty (30) days.
  • Aspiring traders must first pass an audition to demonstrate their skills, discipline, and competency to receive a funded account of up to $1 million.
  • Global Prop Trader has a strong financial backing from a venture capital group and holding company.

SurgeTrader — Best Prop Trading Firms For Forex

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Overview

SurgeTrader specializes in forex, metals, indices, oil, crypto, and stocks trading. It provides traders with an easy-to-use interface and various account options. SurgeTrader is headquartered in South Naples, Florida, and was founded in 2021.

Prop Trading Accounts:

SurgeTrader offers a wide range of account options that have different profit targets, daily loss limits, maximum trailing drawdown, and fees. The standard prop trading account costs $25,000 and has a profit split of 75:25. The package fee is $250. Traders are required to keep up to 75% of their profits with the capital. Account limits are adjusted based on performance. There are no monthly recurring fees and no minimum trading days for account levels to qualify for higher funding limits quickly.

Pros and Cons:

Pros of using SurgeTrader include up to 75% profit split, up to $1 million trading limit, non-recurring payments to qualify for a live-funded account, 1-step audition process, 10% profit targets without a period to achieve it, and fast withdrawal processing. Cons include short operating period for the company, no positions held during the weekend, 5% maximum drawdown, 1/10000 maximum open lots, and low leverage.

Evaluation Process:

To become a trader, you need to pass the SurgeTrader Audition and meet the 10% profit target, daily loss limit of 4%, and the maximum trailing drawdown of 5%. The audition process is a one-step process. SurgeTrader allows news trading.

Trading Platform and Tools:

SurgeTrader operates on two platforms – Eightcap M4 and Eightcap M5. SurgeTrader offers an easy-to-use trading dashboard with real-time trade analytics to improve performance. SurgeTrader offers a free trial to test out the platform before the SurgeTrader Audition.

Key Takeaways:

  • SurgeTrader is a prop trading platform that specializes in forex, metals, indices, oil, crypto, and stocks trading.
  • SurgeTrader offers a wide range of account options with different profit targets, daily loss limits, maximum trailing drawdowns, and fees.
  • SurgeTrader has a 1-step audition process, 10% profit targets without a period to achieve it, and fast withdrawal processing.
  • SurgeTrader operates on two platforms – Eightcap M4 and Eightcap M5.
  • SurgeTrader offers a free trial to test out the platform before the SurgeTrader Audition.

Funded Next — Best Prop Trading Firms outside the US

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Overview

Funded Next is a prop trading firm that provides traders with a funded account after successfully passing their evaluation process. This article provides an overview of Funded Next, including the account sizes, trading markets, evaluation process, and profit share.

Account Sizes

Funded Next offers different account sizes to suit traders’ needs, ranging from $10,000 up to $300,000. The account size determines the maximum trading size and risk limits that traders can take.

Trading Markets

Traders can trade in multiple markets, including forex, commodities, indices, and cryptocurrencies. Funded Next uses the MT4 platform for trading, a popular and widely-used platform in the forex industry.

Evaluation Process

To receive a funded account, traders must pass the evaluation process, which involves trading a demo account and meeting specific trading requirements. The requirements include achieving a minimum profit target, maintaining a maximum drawdown, and following risk management rules.

The evaluation period ranges from 14 days to 30 days, depending on the account size. During the evaluation period, traders can receive support and feedback from Funded Next’s trading experts to improve their performance.

Profit Share

Traders can receive a profit share of up to 80% of their trading profits, depending on the account size and chosen risk level. The profit share is a way for Funded Next to incentivize traders to perform well and share the rewards of their success.

Key Takeaways:

  • Funded Next is a prop trading firm that provides traders with a funded account upon passing their evaluation process
  • They offer accounts with different sizes, starting from $10,000 up to $300,000
  • Traders can choose between trading forex, commodities, indices, and cryptocurrencies
  • Their evaluation process involves trading a demo account and meeting specific trading requirements
  • The evaluation period ranges from 14 days to 30 days, depending on the account size
  • Traders can receive a profit share of up to 80% of their trading profits, depending on the account size and chosen risk level.

The 5%ers — Best Prop Trading Firm For Instant Funding

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Overview

If you’re looking for a prop trading firm, The 5%ers is one of the options available. This company provides traders with a funded account upon passing their evaluation process. Here’s what you need to know about The 5%ers:

Account Options

The 5%ers offers accounts with different sizes, ranging from $24,000 up to $2,000,000. Traders can choose between trading forex, commodities, indices, and cryptocurrencies.

Trading Platform

The 5%ers uses the MT4 platform for trading. This platform is commonly used in the forex industry and provides traders with access to various technical indicators and charting tools.

Evaluation Process

To receive a funded account from The 5%ers, traders need to pass an evaluation process. This process involves trading a demo account and meeting specific trading requirements, such as a minimum profit target, maximum drawdown, and risk management rules. The evaluation period ranges from 30 days to 180 days, depending on the account size.

Profit Share

Traders can receive a profit share of up to 50% of their trading profits, depending on the account size and chosen risk level. This means that if a trader is successful, they can earn a significant amount of money.

Additional Resources

Aside from providing funded accounts, The 5%ers also offers a forex trading course, trading analysis, and support from professional traders. These resources can help traders improve their skills and increase their chances of success.

Key Takeaways

  • The 5%ers is a prop trading firm that provides traders with a funded account upon passing their evaluation process.
  • They offer accounts with different sizes and allow traders to choose between trading forex, commodities, indices, and cryptocurrencies.
  • The evaluation process involves trading a demo account and meeting specific trading requirements.
  • Traders can receive a profit share of up to 50% of their trading profits, depending on the account size and chosen risk level.
  • The 5%ers also offers a forex trading course, trading analysis, and support from professional traders.

Conclusion — Best Prop Firms Of 2023

In conclusion, finding the right prop trading firm can be a crucial step in any trader’s journey to success. By providing access to capital, risk management tools, and professional support, these firms offer a unique opportunity for traders to build their skills and grow their profits.

Each of the prop trading firms we’ve reviewed has its own strengths and weaknesses, so it’s important to do your own research and find the one that’s the best fit for your trading style and goals. Whether you’re a beginner or an experienced trader, taking the time to explore your options and make an informed decision can help you take your trading to the next level.

So what do you think is the best prop trading firm? Let us know in the comments below!

Further Reading

Best Trading Strategy – Want to research a better strategy than the one you’re using? Check out this article to

What is Prop Trading: Understand what prop trading is and why it could help you earn financial stability.

What is Trading: Get informed on financial markets, understand their differences, and learn all about trading them.

Forex For Beginners: Learn the basics of Forex Trading and how to become a pro Forex Trader.

Risk Management Formula: Using Sharpe ratios can help you get a good understanding of how to best manage risk with your strategy.

Forex Day Trading: Learn the art of day trading Forex, yes it’s an art, and this guide can help you become the prop trader you always wanted to be.

Best Trading Strategy: Learn about the different trading strategies available and how to determine which one is best suited for your trading style and goals.

How to Day Trade Crypto: Day trading cryptocurrencies can be a lucrative pursuit, but it’s important to understand the unique risks and opportunities involved.

FAQ’s

What are the benefits of trading with a prop firm?

Prop firms can provide traders with access to significant capital and resources that they might not have otherwise. Additionally, many prop firms offer coaching, education, and other support to help traders improve their skills and become profitable.

Are all prop firms the same?

No, there can be significant differences between prop firms in terms of their trading rules, account sizes, profit splits, and other factors. It’s important to research and compare different prop firms to find one that fits your needs and goals as a trader.

What are some common requirements for trading with a prop firm?

Requirements can vary, but some common ones include passing an evaluation or “tryout” phase, meeting specific profit targets, following strict risk management rules, and paying a subscription or other fees.

Can I trade with a prop firm if I’m a beginner?

Many prop firms welcome traders of all experience levels, although some may require more experience or proficiency than others. Some prop firms also offer educational resources or coaching to help beginner traders develop their skills.

How much can I expect to earn as a trader with a prop firm?

Earnings can vary widely depending on a variety of factors, including your trading skills, the size of your account, the specific profit split offered by the prop firm, and market conditions. It’s important to have realistic expectations and to focus on developing consistent profitability over time.

How can I determine if a prop firm is right for me?

Determining if a prop firm is right for you involves researching and understanding the trading style, account size, fees, and trading rules of the prop firm. Also, you should consider if the funding, profit split, and evaluation process suit your trading goals.

What is the best prop firm?

It’s subjective to determine the best prop trading firm, as each has its unique features and trading rules. However, according to reviews and ratings, Global Prop Trader is one of the best prop trading firms. They have excellent ratings on Trustpilot and provide low-cost fees with high leverage.

What is the largest prop firm in the world?

The largest prop trading firm in the world is DRW Trading. They have over 1000 employees globally, with offices in major financial centers worldwide.

Can you make a living with prop trading?

Yes, prop trading can provide a living. However, it depends on your trading style, discipline, risk management, and capital size. Prop trading can offer higher buying power than retail trading, which can increase the earning potential.

How hard is it to pass a prop firm challenge?

It depends on the prop firm and the evaluation process. Some prop firms have a more stringent evaluation process than others. However, passing a prop firm challenge requires having a solid trading plan, risk management, discipline, and understanding of the trading rules.

What is the success rate of prop firms?

The success rate of prop firms varies depending on the prop firm, evaluation process, and traders’ skill level. However, the success rate is estimated to be around 5-10% of traders who make a profit.

How long will prop firms last?

Prop firms can last indefinitely or have a fixed term. However, it depends on the prop firm’s business model and the traders’ performance.

Are prop firms a pyramid?

No, prop firms are not a pyramid. Prop firms make a profit by providing funding and trading resources to traders who share the profit with the firm. The success of the prop firm depends on the traders’ performance, not the number of recruits.

Which prop firms provide instant funding?

Several prop firms provide instant funding, including Topstep, OneUp Trader, and The5%ers. However, the funding size and terms vary depending on the prop firm.

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