The Forex Market is full of profitable opportunities. However, you need a significant amount of capital to start your journey. But what if I tell you that you can trade in the forex market without risking your own capital? You just need to find the best prop firm forex, and the firm will provide you with the capital to trade.
An Introduction to Forex Prop Firms
Forex prop firm trading is a strategy that allows traders to trade without capital. Under this strategy, a prop firm provides traders with trading capital, education material, trading tools, and all the other resources that are required to trade.
A prop firm searches for talented individuals and provides them with the capital. Against the capital, the trader agrees to share the profit percentage with the prop firm. So, in this way, the firm gets a share in profit, and the trader gets the capital.
10 Best Prop Firms Forex 2024
With the increased popularity of prop trading, the number of prop firms is also increasing. However, even after that, prop traders struggle to find the best.
So here is a list of forex prop firms we prepared after analyzing in-depth analyses. It will help you select the best according to your needs:
FTMO
Profit Share: Upto 90%
Leverage: 1:100
Trading Instrument: Over 10
FTMO got the first place in our top 10 best prop firms Forex 2024 list. It is a reputed firm established in 2015 in Czechia. To get funding, you need to open a demo trading account and pass the evaluation process.
FTMO has a 2 step evaluation process that contains a challenge and verification. This will help the firm analyze the talent and skills of forex traders. After passing the evaluation test, a trader can get a capital of up to 200,000 USD for trading.
The best part about this platform is even on demo accounts, traders receive profit payouts. Also, the platform has a great reputation and positive customer feedback. So you will not receive any kinds of delays during profit withdrawal, and the overall process will be transparent.
A quick glance
Forex prop firm trading is a strategy that allows traders to trade with the capital of firms and the trader shares the profit with the firm. So, in this way, the firm gets a share in profit, and the trader gets the capital.
- FTMO
- The Forex Funder
- The5%ers
- TOP TIER
- TRADER
- Topstep
- Funded trading
- Plus
- FTUK
- Pip Farm
- Sabio Trade
- Funded Next
Funding Trading Plus is amongst the best prop firms. It gives traders the option to get instant funding without any evaluation test.
FTMO is the best prop firm for beginners. It is a reputed firm established in 2015 in Czechia. It has a 2-step evaluation process; passing the evaluation, you will get access to funds.
The Forex Funder
Profit Share: Upto 95%
Leverage: 1:30 to 1: 100
Trading Capital: Upto 2,500,000 USD
Forex Funder is another popular forex prop firm with a two-step evaluation process. However, forex funders offer traders unlimited time to pass the challenge and get the capital. Also, the platform does not charge any fees, which is quite rare.
Forex Funders allows traders to use a range of trading strategies. In addition, client support is available 24/7, so traders can ask for their queries and doubts at any time.
The platform offers to trade with different kinds of challenges to pass. Each challenge has different difficulty levels and criteria. The more difficult the challenge, the better the features of the packages. So you can choose the best according to your experience, capital requirement, and maximum drawdown limit.
The5%ers
Trading Capital: Upto 400,000$
Leverage: 1:30
The 5%ers is a platform suitable for traders with diversified market knowledge. With forex, you can trade in cryptocurrencies, indices, stocks, commodities, and metals.
Apart from capital, the platform offers many useful resources, including live trading sessions, blogs, and courses. It also provides webinars on complex trading topics like risk management, leverage usage, money management, etc.
5%ers offers three types of packages: Bootcamp, high stakes, and hyper-growth. Bootcamp is the cheapest plan with a decent return, high stake, high risk, and high record, while with hyper-growth, you can double your account.
Top Tier Trader
Profit Share: 75%
Trading Capital: 2, 000, 000 USD
Leverage: 1:100
Top Tier is an excellent platform for beginners, as it provides top-notch education content. So, if you are new to the market, you can enhance your knowledge with the trading resources.
In addition, the platform offers traders a number of trading podcasts on different complex topics. These podcasts will provide valuable insights that help pro traders survive in the dynamic market.
The top tier even allows traders to trade with expert advisors and news. Also, the fees for pro trading are refundable. However, the profit payout percentage may disappoint traders. While other platforms offer up to 90% profit sharing in traders’ favor, with top tier, the percentage is near 70%.
Topstep
Profit Share: 80%
Leverage: 1:100
The Topstep is amongst the best forex prop firms, especially for trading in futures. Like other top forex firms, you must pass an evaluation test for real trading.
The best part about this platform is for your first profit of 5000$, you need not share any profit with the firm. In addition, Topstep has a team of professionals to teach traders about complex topics, including risk management strategies, leverage, and automated trading.
Funded trading Plus
Profit Share: Upto 100%
Trading Capital: 2,500,000$
Leverage: 1:30
Funding Trading Plus is amongst the best prop firms Forex 2024. The best feature is the evaluation process, there are no evaluation, instant, one-step, and two-step evaluation packages. However, with no instant evaluation, the profit payout is less.
The customer reviews, and previous track record of the platform is also good. Also, Funding Trading Plus does not charge any monthly fees. You will get a variety of options to diversify your trading capital.
In addition, the platform claims to offer a transparent and fair environment to traders. The rules and regulations regarding prop firm trading are limited compared to others.
FTUK
Profit Share: Upto 80%
Trading Capital: 5,760,000$
Leverage: 1:100
FTUK offers traders instant funding and single-phase evaluation. So, it is a suitable platform for traders who don’t want to go through the evaluation process. You can start prop forex trading with the firm in just 5 steps.
Also, the platform offers fast scaling options to traders. Achieve the milestone and boost your capital. FTUK provides traders with reliable and fast payout options. So you can withdraw your profit whenever you want.
Pip Farm
Profit Share: Upto 80%
Trading Capital: $200,000
Leverage: 1:50
Pip Farm is amongst the cheapest prop firms with low commission, high leverage, anytime payouts, and faster scalability. The evaluation process is also simple, with a one-step evaluation.
Pip Farm allows traders to trade with multiple manual and automated trading strategies. The profit target is 12%, while the maximum dropdown is 6%. While the trading fee is around 110 USD. You can find access to different guides on the platform that help traders understand the market.
Sabio Trade
Profit Share: Upto 90%
Trading Capital: $10,00,000
Leverage: 1:30
Sabio Trader is a great option for starting your forex prop firm trading. The evaluation process is fast and takes up to 2 days. Also, the platform offers a range of discounts and bonuses. In addition, Sabio traders provide over 100 indicators, free trading signals, mobile apps, and many other additional perks.
Sabio Trade offers four types of packages: standard, premium, gold, and platinum. Platinum is the most premium one with a fee of 939$, and that is also refundable. The platform offers traders a 7-day trial to explore the services.
Funded Next
Trading Capital: Upto $3,00,000
Profit Share: 95%
Funded Next is a UAE-based Forex prop firm with a good reputation. The firm offers a profit payout of 15% even during the challenge phase. In addition, there is no time limit to pass the challenge phase.
There are three types of challenges: evaluation, express, and stellar.
Each has different payouts, maximum drawdown, capital, time limit, and other factors. You can select the best according to your needs.
Funded next offers the facility of balance-based drawdown so that traders can trade without excessive pressure. Also, you can withdraw your profit whenever you want with a 24/7 payout policy.
Wrapping Up
Trading Capital: Upto $3,00,000
Profit Share: 95%
Funded Next is a UAE-based Forex prop firm with a good reputation. The firm offers a profit payout of 15% even during the challenge phase. In addition, there is no time limit to pass the challenge phase.
There are three types of challenges: evaluation, express, and stellar.
Each has different payouts, maximum drawdown, capital, time limit, and other factors. You can select the best according to your needs.
Funded next offers the facility of balance-based drawdown so that traders can trade without excessive pressure. Also, you can withdraw your profit whenever you want with a 24/7 payout policy.
