Best 10 Prop Trading Firms of March 2024: Your choice? - Forex Prop Forum (2024)

Hello everyone. Today, we’re going to be looking into the world of proprietary trading firms, specifically the top 10 prop firms for March of 2024, which we’ve put together and ranked based on our personal experiences with the companies. So, we’ll give you an overview of each company, discussing some brief offerings to traders worldwide and many more things.

Best 10 Prop Trading Firms of March 2024!

Let’s Dive in:

MyFundedFX

All right, first up isMyFundedFX, a respected prop trading firm operating since June of 2022, coming up on the 2-year mark. Situated out of Texas, USA, they’re distinguishing themselves as a really key player in the entire prop trading sector. Now, they provide their clients with a diverse range of funding programs to choose from. You’ve got two-step evaluations, a one-step, and a three-step evaluation with account sizes ranging anywhere from about $5,000 all the way up to $300,000 each, accompanied by an additional scaling opportunity. So, the four unique funding programs allow traders to select the program that best aligns with their trading goals and preferences.

Funded Trading Plus

Next up isFunded Trading Plus, a prop trading firm that emerged back in December 2021, located out of London, UK. They’re doing phenomenal things in the industry. So, they offer their clientele an assorted array of funding programs, encompassing two two-step evaluations, a one-step, and a direct funding program, spanning anywhere from $5,000 to $200,000 in account sizes, each complemented by an extra scaling avenue to get your hands on more capital as well. So, the four distinct funding channels offer traders a little bit more flexibility, the program that best suits their trading preferences.

The Funded Trader

Coming in next isThe Funded Trader, a renowned prop trading firm that has been operating since May 2021. Now, they are also based out of Texas, and they’ve emerged as a significant player in the US prop trading scene. Clients can choose from a wide selection of funding programs. They have three two-step evaluations, a one-step evaluation, and a three-step evaluation, with account sizes ranging from $5,000 USD up to $600,000 USD, with the ability to scale even further. Now, the five unique funding programs give traders a little bit more flexibility again, finding what’s going to suit their personal preferences.

The5ers

Up next isThe5ers, a prop trading company established back in April 2020, and they’re also based out of London, UK. They’ve really made a great mark in the industry. They’ve got a variety of funding programs that are available for their clients to choose from. They have a two-step evaluation, a three-step, and a direct funding program, with account sizes from 5,000 up to $250,000. Once again, each is paired with an additional scaling opportunity to get your hands on more capital. So, the distinct funding options allow traders to tailor their choices based on their personal trading goals and preferences.

Finotive Funding

Up next isFinotive Funding, a prop trading firm that came into the industry back in April 2021, based out of Budapest, Hungary. They extend a diverse selection of funding programs for its clients. Now, they have two two-step evaluations, two one-step evaluations, and two direct funding avenues. Now, they’ve got account sizes ranging from $2,500 up to $200,000 USD and, again, scaling opportunities for all clients with those programs. So, they’ve got six distinct funding programs, so traders really have an opportunity to find what aligns most closely with their personal trading objectives and preferences.

FTMO

We’re about halfway through now, and coming in next isFTMO, a prop trading firm founded back in September 2015, nearly ten years ago now. Based out of Prague, Czech Republic, FTMO remains a dominant force in the entire prop firm industry. Now, FTMO presents clients with a single funding program with multiple account sizes from which to select. These include a single two-step evaluation, which is anywhere from $10,000 to $200,000 each, coupled with an additional scaling option. Now, the singular funding program provides traders with the flexibility to choose the account size that best suits their trading objectives and preferences.

E8 Markets

E8 Marketsis up next. They were founded back in November 2021, and they stand out as a very distinguished and reputable US-based prop trading firm based out of Dallas, Texas as well. Now, they do have a broad spectrum of funding programs. They give clients ample choice. They’ve got a two-step evaluation and a three-step evaluation, account sizes ranging from $5,000 to $400,000 USD, and additional scaling opportunities for their clients who are consistent and profitable as well. So, this pair of unique funding avenues offers traders the opportunity to offer the program that aligns most closely with their trading goals and preferences.

True Forex Funds

We are at the pointy end, and coming in next isTrue Forex Funds, a distinguished prop trading firm operational since October 2021, also based out of Hungary. They are a notable player in the prop trading landscape. They have access to a varied range of funding programs with their clients, anywhere from $5,000 to $200,000, and there are three two-step evaluations and a one-step evaluation. Once again, as true to form with all of our prop trading firms we mentioned here, an additional scaling opportunity to get your hands on more capital once you’re consistent and profitable. So, these funding programs just give traders an opportunity to find what best aligns with their personal trading goals and preferences.

FundedNext

Coming in at the penultimate position isFundedNext, a prop trading firm that officially emerged in the industry in March 2022. So, we’re going on the 2-year anniversary here. Funded Next operates in key locations in the UAE and Bangladesh. Now, they do have a plethora of funding programs for their clients. They have two two-step evaluations and three one-step evaluations with account sizes ranging from $6,000 up to $200,000 USD, once again, each accompanied by an additional scaling opportunity. The five unique funding programs provide traders with flexibility, finding what’s going to work best for you and your personal goals and preferences.

Funding Pips

And finally, in this edition of the best trading firms, we haveFunding Pipstaking out our co-top-rated spot here. They were actually introduced into the industry in August of 2022, based out of Dubai in the UAE, and they’ve made a very swift mark in the industry. So,Funding Pipsvery generally offers customers a single funding program featuring a range of account sizes from $5,000 up to $100,000, once again, the ability to scale that even further once you’re up and running consistently profitable. So, this singular funding program just enables traders to select the account size that best matches their trading objectives and resources.

But as always, with all of the prop firms we’ve mentioned here, go through and do your due diligence. Well, that does conclude our March ranking of the top 10 prop trading firms. Again, we’ve based this ranking on our own firsthand experiences with these companies. Don’t forget to watch the full video so you know what you about the Best 10 Prop Trading Firms of March 2024!:

Also, check out theDiscount Codeswe offer for various Prop Firms.

Best 10 Prop Trading Firms of March 2024: Your choice? - Forex Prop Forum (2024)

FAQs

Which forex prop firm is best? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • The 5%ers.
  • Funded Next.
  • Funded Trading Plus.

Which prop firm is the most reliable? ›

Overview: Apex Trader Funding is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts the highest pass rate for its evaluation program out of all the futures prop firms on this list. It is also by far the most friendly option for beginner futures traders.

Which prop firm is better than FTMo? ›

Who are FTMO Top Competitors? FTMO 's top competitors in May 2024 are: FunderPro, the5ers and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

What is the best options prop firm? ›

Known for its algorithmic trading strategies and strong risk management framework, Akuna Capital is poised to maintain its position as a leading player in the options prop trading space. Their commitment to cutting-edge technology and data-driven decision-making has consistently yielded impressive results.

What is the best prop firm in 2024? ›

Quick Look: Best Prop Trading Firms
  • Best for Beginner Futures Traders: Apex Trader Funding.
  • Best for Experienced Traders: FXIFY.
  • Best for Stock Traders: Trade the Pool.
  • Best for Experienced and Beginner Forex, Indices and Metal Traders: The 5ers.
  • Best for All Futures Traders: BluSky.

Why is FTMO banned in the US? ›

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

What prop firm pays the fastest? ›

Funding Traders offers some of the fastest, most flexible payout terms in the industry. As a funded trader yourself, this industry-leading prop firm empowers you to maximize profits and get paid faster.

Do prop firms really pay out? ›

Statistics on Average Trader Payouts

Profit Split: The average prop firm will offer a 80-20 profit split once you become a funded trader. TFT, on the other hand, gives up to a 90% split, — even as high as 95% in some promotions — the highest in the industry.

What is the best prop firm for beginners? ›

Our Top 5 Best Prop Trading Firms for Beginners
  • FTMO. FTMO is one of the best prop simulated trading firms for both new and experienced traders. ...
  • Funded Next. Funded Next (MFF) was created in 2020. ...
  • The simulated Trading Capital. ...
  • E8 Funding. ...
  • The Funded Trader.

Which prop firm has the lowest fees? ›

Top Best Cheapest Prop Trading Firms
  • 1) Funded Trading Plus.
  • 2) FTMO.
  • 3) TopStepTrader.
  • 4) Fidelcrest.
  • 5) LuxTradingFirm.
  • 6) OneUp Trader.
  • 7) FTUK.
  • 1) Funded Trading Plus.
Apr 4, 2024

How do I choose a prop trading firm? ›

Don't just pick the first prop trading firm you find. Choose one with a good reputation, support for traders, good tools, safety measures, fair costs, and a friendly community. This way, you can trade smarter and have a better chance at success.

Which prop firm offers instant funding? ›

FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.

What is the most consistently profitable option strategy? ›

The most successful options strategy for consistent income generation is the covered call strategy. An investor sells call options against shares of a stock already owned in their portfolio with covered calls. This allows them to collect premium income while holding the underlying investment.

What are the negatives of prop firms? ›

- Traders in prop firms often have limited control over the firm's capital. They may need to deposit their own money as collateral or risk management. - Additionally, payouts are subject to the firm's rules, which may restrict a trader's access to profits.

Which prop firm provides real money? ›

Prop Trading Firms with Real Capital
Proprietary Trading FirmProvided with Real Capital
FunderPro
Funding Pips
FXIFY
Glow Node
30 more rows

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