10 Best Forex Prop Trading Firms - Forex Prop Reviews (2024)

Learn about the Best 10 Forex Prop Trading Firms of 2023 based on our Personal Experience!

The proprietary trading firm industry is on a rapid rise, and we are seeing more and more proprietary trading firms that provide excellent trading conditions to traders all across the globe. With that in mind, we know that when choosing the best trading firm that suits your personal needs, you have to consider numerous essential factors, such as trading requirements, trading conditions, customer support, and the general reputation of the proprietary trading firm, to name a few.

That is why at Forex Prop Reviews, we have compiled a ranking of the Best 10 Forex Proprietary Trading Firms of 2023 based on our Personal Experience with the companies.

Prop Trading Firm Discount Percentage (%) Discount Code/Link Prop Firm Website
Fidelcrest 15% FPR-15 fidelcrest.com
The5%ers 10% the5ers.com the5ers.com
True Forex Funds 5% SSXTFF5 trueforexfunds.com
The Funded Trader 10% FOREXPROPREVIEWS thefundedtraderprogram.com
Funded Trading Plus 10% FOREXPROPREVIEWS fundedtradingplus.com
E8 Markets 10% FOREXPROPREVIEWS e8markets.com
Surge Trader 10% FPREVIEWS10OFF surgetrader.com
FunderPro 20% forexpropreviews funderpro.com
Funded Next 5% FOREXPROPREVIEWS fundednext.com
Finotive Funding 5% discount + 5% profit split increase FOREXPROPREVIEWS finotivefunding.com
FTUK 5% forexpropreviews ftuk.com
Blue Guardian 10% forexpropreviews blueguardian.com
City Traders Imperium 10% CTI10% citytradersimperium.com
Lux Trading Firm 15% forexpropreviews luxtradingfirm.com
TopTier Trader 20% 63ka5k toptiertrader.com
Audacity Capital 30% cashback / audacitycapital.co.uk
The Trading Pit 10% FOREXPROPREVIEWS thetradingpit.com
Super Funded 10% forexpropreviews superfunded.com
Bespoke Funding 10% FOREXPROPREVIEWS bespokefunding.com
MyFundedFX 10% FOREXPROPREVIEWS myfundedfx.com
Smart Prop Trader 10% FOREXPROPREVIEWS smartproptrader.com
Funding Pips 5% FOREXPROPREVIEWS fundingpips.com
Goat Funded Trader 23% FOREXPROPREVIEWS superfunded.com
TradingFunds 25% FOREXPROPREVIEWS tradingfunds.com
Forex Capital Funds 33% FOREXPROPREVIEWS forexcapitalfunds.com
Glow Node 10% FOREXPROPREVIEWS glownode.com
MyFlashFunding 23% FOREXPROPREVIEWS myflashfunding.com
Forex Prop Firm 30% FOREXPROPREVIEWS forexpropfirm.com
Direct Funded Trader 50% FOREXPROPREVIEWS directfundedtrader.com
Crypto Fund Trader 8% FOREXPROPREVIEWS cryptofundtrader.com
AquaFunded 20% FOREXPROPREVIEWS aquafunded.com
Alpha Capital Group 15% FOREXPROPREVIEWS alphacapitalgroup.com
Top One Trader 40% FOREXPROPREVIEWS toponetrader.com
RebelsFunding 20% FOREXPROPREVIEWS rebelsfunding.com
Cash Flow Funding 25% FOREXPROPREVIEWS cashflowfunding.io

Fidelcrest

Fidelcrestis a proprietary trading firm that was incorporated in September 2018 and is being run by its CEO, Jussi Hallikas. They are a company with their headquarters located in Nicosia, Cyprus, while their IT department is located in Tallinn, Estonia. They offer traders a chance to choose between a two-step evaluation program with two different types, normal two-step evaluation and aggressive two-step evaluation with account sizes up to $1,000,000. While working with them, Fidelcrest allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with Foreign Exchange Clearing House as their broker.

Special 15% discount code for Fidelcrest: FPR-15

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E8 Markets

E8 Marketsis a proprietary trading firm that was incorporated in November 2021 and is being run by its CEO, Dylan Elchami. They are a company with their headquarters located in Dallas, Texas. They offer traders a chance to choose between a two-step evaluation program and the E8 Track with account sizes up to $200,000. While working with them, E8 Markets allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with Purple Trading Seychelles as their broker.

Special 10% discount code for E8 Markets: FOREXPROPREVIEWS

FundedNext

FundedNextis a proprietary trading firm that was incorporated in March 2022 and is being run by its CEO, Syed Abdullah Jayed. They are a company with their headquarters located in the UAE and Bangladesh. They offer traders a chance to choose between a two-step Stellar challenge, one-step Stellar challenge, Evaluation model, and Express model with two different types, consistency and non-consistency, with account sizes up to $200,000. While working with them, FundedNext allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they have developed their own MetaTrader 4 Incenteco and MetaTrader 5 GrowthNext servers, which they allow their traders to trade through depending on the trading platform they choose.

Special 5% discount code for FundedNext: FOREXPROPREVIEWS

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The Funded Trader

The Funded Traderis a proprietary trading firm that was incorporated in May 2021 and is being run by its CEO, Angelo Ciaramello. They are a company with their headquarters located in Liberty Hill, Texas. They offer traders a chance to choose between a two-step Standard challenge, two-step Rapid challenge, two-step Royal challenge, one-step Knight challenge, and three-step Dragon challenge with account sizes up to $400,000. While working with them, The Funded Trader allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with Eightcap, Purple Trading Seychelles, and ThinkMarkets as their broker.

Special 10% discount code for The Funded Trader: FOREXPROPREVIEWS

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FTMO

FTMOis a proprietary trading firm that was incorporated in September 2015 and is being run by its CEO, Otakar Suffner. They are a company with their headquarters located in Prague, Czech Republic. They offer traders a chance to choose between a single two-step evaluation program with account sizes up to $200,000. While working with them, FTMO allows traders to choose between MetaTrader 4, MetaTrader 5, cTrader, and DXtrade as their trading platform. Additionally, you should note that they are partnered with a tier-1 liquidity provider with the best simulated real market trading conditions as their broker.

The5ers

The5ersis a proprietary trading firm that was incorporated in April 2020 and is being run by its CEO, Gil Ben Hur. They are a company with their headquarters located in London, UK. They offer traders a chance to choose between a Hyper-Growth program, a two-step High Stakes program, and a three-step Bootcamp challenge with account sizes up to $250,000. While working with them, The5ers allows traders to choose MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with a tier-1 liquidity provider that gives direct market access as their broker.

Special 5% discount link for The5ers: Discount Link

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Funding Pips

Funding Pipsis a proprietary trading firm that was incorporated in August 2022 and is being run by its CEO, Khaled Ayesh. They are a company with their headquarters located in Dubai, United Arab Emirates. They offer traders a chance to choose a two-step evaluation program with account sizes up to $100,000. While working with them, Funding Pips allows traders to choose MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with BlackBull Markets as their broker.

Special 5% discount code for Funding Pips: FOREXPROPREVIEWS

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True Forex Funds

True Forex Fundsis a proprietary trading firm that was incorporated in October 2021 and is being run by its CEO, Richard Nagy. They are a company with their headquarters located in Győr, Hungary. They offer traders a chance to choose between a two-step evaluation program with three different types, standard two-step evaluation, Quick Funding two-step evaluation, and Limitless two-step evaluation, and a one-step evaluation with account sizes up to $200,000. While working with them, True Forex Funds allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platforms. Additionally, you should note that they are partnered with a tier-1 liquidity provider with the best simulated real market trading conditions as their broker.

Special 5% discount code for True Forex Funds: SSXTFF5

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Funded Trading Plus

Funded Trading Plusis a proprietary trading firm that was incorporated in December 2021 and is being run by its CEO, Simon Massey. They are a company with their headquarters located in London, UK. They offer traders a chance to choose between a one-step evaluation program, an Advanced two-step evaluation program, a Premium two-step evaluation program, and a Master program with account sizes up to $200,000. While working with them, Funded Trading Plus allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with Eightcap as their broker.

Special 10% discount code for Funded Trading Plus: FOREXPROPREVIEWS

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SurgeTrader

SurgeTraderis a proprietary trading firm that was incorporated in September 2021 and is being run by its CEO, Jana Seaman. They are a company with their headquarters located in the United States, Florida. They offer traders a chance to choose between a two-step Audition with account sizes up to $500,000, a one-step Audition with account sizes up to $1,000,000, and a Lightning Audition with account sizes up to $100,000. While working with them, SurgeTrader allows traders to choose between MetaTrader 4 and MetaTrader 5 as their trading platform. Additionally, you should note that they are partnered with ThinkMarkets as their broker.

Special 10% discount code for SurgeTrader: FPREVIEWS10OFF

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10 Best Forex Prop Trading Firms - Forex Prop Reviews (2024)

FAQs

10 Best Forex Prop Trading Firms - Forex Prop Reviews? ›

Yes, there are many sites offering similar services to FTMO. These include FunderPro, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

Which prop firm is better than FTMO? ›

Yes, there are many sites offering similar services to FTMO. These include FunderPro, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

What prop firm has the fastest payout? ›

Fastest Industry Payouts – MyFundedFutures has the fastest payouts in the futures prop trading space which has become more and more important with some of the other futures prop trading firms taking weeks to payout.

Do prop firms give you real money? ›

For starters, prop firms are dealing with their own money, not someone else's. This alone allows prop firms to avoid the lion's share of regulations. On top of that, many prop firms do not give traders real money to manage.

What are the top 5 prop trading firms? ›

In the world of prop trading, these five firms - SabioTrade, The5ers, T4TCapital, Topstep, and Fidelcrest - stand out as pioneers, each contributing to the ecosystem in its unique way.

How do I choose a prop firm? ›

Vetting the Prop Firm's Track Record

The first step when deciding on any prop trading firm should be an in-depth look at its reputation and history in the industry. A firm's standing within the trading community will highlight its reliability and ability to support its traders with a secure trading environment.

Does FTMO really pay? ›

FTMO's payout process is straightforward and transparent. Once a trader successfully completes the Challenge and Verification phases, they are eligible to receive a funded account with FTMO. The funded account comes with a profit split of 70/30, where the trader receives 70% of the profits made while FTMO retains 30%.

What happens if you lose money in a prop firm? ›

Profits from trades are generally divided between the firm and the prop trader; however, the risk distribution is asymmetric. This means that in the event of a loss, the trader bears 100% of the losses, while they don't receive 100% of the profits.

Is Prop firm worth it? ›

Is working with a prop firm worth it? There are many unique advantages that make working with a prop firm worth it. These include access to unique software and information, trading with the firm's capital, and cashing in a large portion of your winnings.

Are prop firms risky? ›

Prop firms that give traders demo capital mirror the business models of pyramid schemes, making those a much higher risk. To limit these risks, work with a reputable, established prop firm that funds traders with real money.

Which prop firm accepts US clients? ›

RebelsFunding is one of the few prop firms that currently accepts US clients and offer them a great opportunity to trade forex with capital up to 640,000 USD. They have a high trust rating on Trustpilot and amazing prop trading review.

Is FTMO a good prop firm? ›

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

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.

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