05 Best Prop Trading Firms In 2023

Read this detailed review of top Prop Trading Firms with features, comparisons, etc to analyze the best proprietary trading firms:

Proprietary trading companies hire or train professional and experienced traders and then invest money in trading assets through these professionals. Depending on the company’s offers, you can get funded from between $500 to millions of dollars and apply your expertise and professional trading tools to trade profitably and earn commissions or profit splits.

We researched and ranked the top prop trading companies or firms you can join and trade for profits or commissions. Most of them will hire you to trade their capital. They allow trading on Forex, crypto, and commodities like metals, indices, bonds, stocks, and even futures.

We ranked them based on popularity but also on profit splits, maximum capital funding, speed of promoting accounts to funding level, and other important factors.

Prop Trading Firms – Review

Market Trends:

• Most proprietary traders in the United States are aged over 40 years.
• Most trade for between one and two years in length, and have a bachelor’s degree and above.
• Prop traders earn an average of $122,000 per year.

Earnings for proprietary traders:

Expert Advice:

• The top prop trading firms are to be compared mainly based on profit splits, total or maximum funding possible, assets they trade in, the evaluation process, and their duration, how fast they promote accounts to a funding level, maximum funding, and maximum loss, and targets before promoting accounts.
• Some have trial accounts, instant funding, and bonuses, and some have up to a 90% profit split. These are the top prop trading firms.

What is a Prop Trading Firm

A prop trading company recruits professional traders and funds them with company capital for trading in stocks, bonds, forex, crypto, indices, futures, and commodity markets. These traders are groomed to earn profits, and they split profits with the company.

A prop trading company can provide extra support, training, retraining, professional coaching, and professional trading tools to the traders.

In most cases, prop trading companies will develop stringent trading rules to support traders and govern the exercise to encourage profit-making and discourage loss-making as much as possible.

Ideally, hiring a professional trader in top prop trading firms starts with a staged evaluation, mainly through evaluation test accounts on which the beginner trader must prove that they have the skills needed.

Some of the skills include risk management and trading to profiteer from live markets. Traders may be rewarded with commissions or profit splits even during evaluation. After this, they may qualify for increased funding when they meet targets.

If you are searching for extra information on what prop trading is, a prop trading company can either be remote or require prop traders to work at their physical offices. Most of those listed here are global.

Prop Trading FAQs

Q #1) Is prop trading good?

Answer: Prop trading gives much higher earning potential compared to investment banking or private equity jobs. It allows a trader to make money trading for firms regardless of how much money they make from their expertise. It is thus much more favorable for the expertise and experienced traders.

Q #2) Which are the best prop trading firms?

Answer: 3Red Partners, Akuna Capital, Belvedere Trading, Chicago Trading Company, FTMO, My Forex Funds, and Lux Trading Firm are some of the best proprietary trading firms to try. Other top proprietary trading firms for your consideration include The 5ers, Audacity Capital, Fidelcrest, Topstep, SurgeTrader, and City Traders Imperium.

The best proprietary trading firms may be ranked based on profit splits or sharing with traders, but other factors used to evaluate them include the amount of capital provided, targets, loss limits, leverage, support, training, and flexibility. The best proprietary trading firms for beginners offer the possibility to learn while trading and increase traders’ capital limits stepwise.

Q #3) How much do the best prop traders make?

Answer: A prop trader makes between $42,373 and $793,331, depending on their skills and experience. The median salary for prop traders is $203,679. Middle 57% earn between $203,679 and $400,084. The top 86% make $793,331. A beginner prop trader can do much less at the evaluation stages.

Q #4) How much do prop trading firms make?

Answer: Prop trading firms make between 20% and 50% of each trader’s profits. They also charge users to open accounts with them. A few split the profit at 90:10, meaning they make just 10% from every trader who makes a profit. Some may require traders to pay for training and expert coaching.

Q #5) Is proprietary trading legal?

Answer: Proprietary trading is legal for individuals, groups, brokerages, and companies. In some jurisdictions and cases, it may be illegal for banks and other financial institutions to deal in prop trading. However, in most cases, it is legal.

Our TOP Recommendations:

List Of Top Proprietary Trading Firms

Detailed reviews:

#1) FTMO

FTMO lets people learn and discover their forex trading talents using the FTMO Challenge and Verification course, after which they are invited to join the proprietary trading firm and manage a trading account with the company. Besides, the company hires performance coaches and does account analyses, as well as other things, to help customers once they start trading.

As a trader, you get 90% of your profits earned from trading with the firm and its tools. Customers are also trained on how to manage trading risks. Thus, it is ranked as one of the best proprietary trading firms.

Profit split: Up to 90%.

Features:

• Maximum capital $400,000.
• Swing accounts that have no restrictions on holding positions over the weekend or during microeconomic releases.
• An increase to the account balance limit by 25% every four months. The scaling plan ensures a long-term business relationship.
• 80:20 payout ratio. It adjusts to 90:10 when the FTMO account balance limit is increased.
• Custom apps developed for traders. Some help them discipline, others are for journaling, while others are useful in analyzing the market.
• Leverage trading at 1:100 makes it one of the best Forex Prop trading firms.
• Low spreads.
• A one-time fee makes it one of the best proprietary trading firms for beginners.
• Payouts are once a month.

Pros:

• Customers who include retail traders get access to MT4, MT5, and CTrader trading tools.
• Customers are furnished with data coming from liquidity providers to simulate real market conditions for traders who aspire to make more money when trading.
• The platform supports trading crypto as well as forex, indices, commodities, stocks, and bonds.
• About seven payment methods are available, including Bank transfer, and Skrill.

Cons:

• Higher cost compared to other options.
• You can’t hold trades over the market weekend close unless you use the swing trader challenge.

Founded: 2014
Headquarters: Praha, Hlavni Mesto Praha, Czech Republic
Revenue: $14 million
Employees: 51 – 200
Fees/cost: From free to 155 sterling pounds.

VISIT FTMO SITE >>

#2) SurgeTrader

SurgeTrader allows trading of forex, metals, indices, oil, crypto, and stocks. A standard prop trading account at SurgeTrader costs $25,000 for a profit split of 75:25, a profit target of 10%, daily loss of 4%, and a maximum trailing drawdown of 5%. This package costs $250.

An intermediate account costs $400 for a maximum funding of $50,000, a seasoned trader account $700 for $100,000 funding, and an advanced trader account $1,800 for $250,000 funding.

The expert account costs $3,500 for a $500,000 funding while a master account costs $6,500 for a $1 million funding. As such, SurgeTrader is one of the prop trading companies with the widest account options out there.

However, traders are required to keep up to 75% of their profits with the capital. Furthermore, like many prop trading companies, the account limits get adjusted based on how well a trader is performing.

You must adhere to rules such as limiting risks, closing positions before the weekend, and keeping the maximum number of open lots equal to 1/10,000 the size of the account. For instance, you must not incur a loss of more than 5% up to a starting balance of +5%.

Profit split: Up to 75%.

Features:

• No monthly recurring fees.
• There are no minimum trading days for account levels, ensuring you qualify for higher funding limits quickly.
• Trade in any strategy that works for you.

Pros:

• 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.
• Fast withdrawal processing.

Cons:

• Short operating period for the company (started in 2021).
• No positions are to be held during the weekend.
• 5% maximum drawdown, 1/10000 maximum open lots.
• Low leverage – 10:1 forex, metals, indices, oil; 5:1 for stocks, and 2:1 for crypto.

Founded: 2008
Headquarters: South, Naples, Florida
Revenue: Not available
Employees: 1 – 10
Fees/charges: $250 on the cheapest package and $6,500 on the most expensive package.

VISIT SURGETRADER SITE >>

#3) FundedNext

FundedNext happens to be a relatively new prop trading platforms out there that caters to Forex traders across the globe. They quickly distinguish themselves from their contemporaries by offering a 15% profit split at the evaluation stage itself. The firm rewards you handsomely if you manage to keep your accounts consistently lucrative.

You are eligible for a 40% increase in your account balance every 4 months, provided you are consistent with your profitability. Getting started with FundedNext is also very simple. You sign up by selecting your preferred funding model (Express or Evaluation), start trading consistently, and eventually become a certified funded trader.

FundedNext further makes your life easier by assigning a dedicated account manager. These account managers are capable of addressing your queries and concerns anytime you need them.

Profit Split: Up To 90%

• Profit split of 15% at the evaluation stage
• Dedicated account manager assigned
• $4M Scale-Up Plan
• 2 Different Funding Model Options to Choose from
• Android and iOS mobile apps are available

Pros:

• Compatible with all trading styles
• Low commissions
• Get account access within seconds
• Trader-friendly leverage
• Unlimited evaluation

Cons:

• No weekend holding option for the Express model.

Founded: 2022
Headquarters: Ajman, AE
Revenue: —
Employee Size: 51-100
Fees: One-time fee starting at $99 for Evaluation model of funding and One-time fee starting at $119 for the Express model of funding.

VISIT FUNDEDNEXT SITE >>

#4) The Funded Trader Program

When it comes to industry-leading prop firms, The Funded Trader Program is a different beast altogether. The FTP is known for not regulating your trading style. They also afford traders the privilege of holding trades overnight, trading during news, and trading during the weekends. The prop firm offers two funding program options to its traders.

First, there is the Standard Challenge Accounts which aims to identify skilled traders. These traders are then rewarded based on their consistency amidst the two-phase evaluation period. The evaluation program account allows traders to trade with 1:200 leverage.

Then there is the Rapid Challenge Accounts, which aims to also identify serious traders and reward them for their consistency in the two-phase evaluation period. The only difference is that traders here are allowed to trade with 1:100 leverage. This, along with relaxed trading rules, makes The Funded Trading Program the best prop trading firm out there.

Profit Split: Up to 90%

Features:

• Maximum Capital with standard: $600,000
• Up to 200:1 leverage
• News Trading Allowed
• Weekend Trading and Overnight Trading allowed
• Maximum Capital: $1,500,000 with scaling plan.

Pros:

• Very relaxed trading rules.
• Tempting benefits with their scaling plan, which allows traders to hold a maximum balance of up to $1,500,000 and a 90% profit split.
• Supports a plethora of trading instruments like forex pairs, indices, cryptocurrencies, etc.

Cons:

• Customer support needs work.

Founded: May 2021
Headquarters: Fort Lauderdale, Florida, USA
Revenue: NA
Employee Size: 1-10
Fees: $315 for $50K account size.

VISIT THE FUNDED TRADER PROGRAM SITE >>

#5.Toptier Trader Trading

Toptier Trader Trading Features.

💰 Fees: Prices for the challenges at Top Tier Trader begin at $250 for a $25k account and top out at $1399 for the $300k challenge. a $25K balance costs $255, a $50K balance costs $50, a $100K balance costs $560, $200K balance costs $999 and a $300K balance for $1399.

🚀 Profit split: Traders enjoy 80% net profit from day one on live accounts, increasing to 90% for consistent success.

⚖️ Leverage: Top Tier Trader allows you to trade forex pairs with 100:1 leverage, commodities with 40:1 leverage, indices with 30:1 leverage, and cryptocurrencies

with 2:1 leverage.

⚓ Maximum drawdown (MDD) : The max overall drawdown limit for the TopTier Competition is based on your initial balance and is 10% of that value.

Pros & Cons

Pros

• Tradable instruments, forex pairs, cryptocurrencies, commodities, and indices.
• Weekend and news trading allowed
• One free evaluation retry
• Funding up to $600,000
• Scaling plan up to $2,000,000
• Profit split of 80% up to 90%
• Leverage up to 1:100

Cons

• No EAs allowed on Top Tier accounts
• No weekend holding on regular Top Tier accounts
• Equity-based drawdown on Top Tier Plus accounts

VISIT TOPTIER TRADER SITE >>

Conclusion

The best prop trading firms offer 90% and above profit split. With some of the best offers from FTMO and The Funded Trader Program, you get 90% and 85% profit splits. You also ought to evaluate prop trading firms based on how much capital they can provide maximum.

For those looking to diversify their trading, most prop firms on the list offer trading assets beyond stocks, futures, and forex. Thus you can get crypto prop trading with firms like FTMO,  SurgeTrader