The proprietary trading (prop trading) space is rapidly evolving, with more firms offering funded accounts as they seek to attract skilled traders. These funded accounts provide traders the opportunity to trade with the firm’s capital, rather than risking their own hard-earned money. It’s an appealing model for aspiring and professional traders alike, combining reduced risk with performance-based earning potential. Below, we highlight some of the top prop trading firms renowned for their funded account programs.
FTMO
FTMO has positioned itself as one of the most well-known prop trading firms globally. They stand out for their rigorous evaluation process, which ensures only skilled and disciplined traders secure funded accounts. The company offers account sizes ranging from $10,000 to $200,000, and traders can retain up to 90% of their profits.
The structure FTMO employs involves two distinct phases before funding a trader. First, participants must pass their “Challenge,” which assesses trading consistency and risk management. Successful candidates then move on to a “Verification” phase. This stringent process is the hallmark of FTMO’s commitment to cultivating a network of serious, capable traders.
Topstep
Topstep is another staple in the prop trading landscape, especially popular among futures and forex traders. Known for its trader-friendly environment, Topstep offers individuals a chance to trade with accounts ranging from $50,000 to over $150,000. Similar to FTMO, traders need to prove their skills in a simulated environment before receiving access to funded accounts.
What sets Topstep apart is its transparent rules and dedication to developing traders. They offer resources such as training programs, performance coaching, and community engagement. Traders also appreciate the platform’s straightforward profit payout process, making it easier to keep track of earnings.
MyForexFunds
Founded more recently, MyForexFunds has quickly gained traction, thanks to its flexible funded account programs. With account sizes ranging from $10,000 to $300,000 and several evaluation tiers, MyForexFunds provides tailored options for traders of varying proficiency levels.
One of their standout features is the Rapid Account Program, designed for traders who wish to bypass the typical challenges of evaluation processes. This unique offering, combined with generous profit split percentages (up to 85%), makes MyForexFunds a favorite among forex-focused traders.
The 5ers
The 5ers, a proprietary trading firm based in Israel, has carved a niche by offering funded accounts specifically for forex traders. Unlike many others, The 5ers emphasizes low-risk strategies and provides long-term growth opportunities for its traders. Their model rewards consistency and nurtures talent, offering account scales up to $4 million based on performance.
The firm boasts a simple yet effective funding model. They provide instant access to funded accounts without evaluation processes, starting with as low as $6,000. Traders who demonstrate continual performance get access to significantly larger capital levels.
Lux Trading Firm
Lux Trading Firm is a strong contender in the prop trading space, particularly for its comprehensive platform and long-term funding plans. What distinguishes Lux is its focus on experienced traders. The firm caters to forex and futures markets primarily, offering accounts that scale up to an impressive $10 million.
Lux Trading Firm employs a “low-risk” strategy ethos to encourage responsible trading habits. Their consistent account progression models are attractive for established professionals who aim to trade larger volumes without compromising security.
Earn2Trade
Earn2Trade has gained a solid reputation for its transparency and commitment to quality trading education. The firm combines learning with a funded trading opportunity, which enables traders to polish their skills while working toward a funded account.
Earn2Trade offers two primary programs for traders to qualify for funding. Their “Gauntlet Mini,” in particular, is designed for those interested in futures trading. Participants can pocket 80% of the profits, and accounts scale as performance improves over time.
Final Thoughts
The rise of prop trading firms offering funded accounts has opened new doors for traders. From advanced evaluation programs to trader-centric support systems, these firms are paving the way for more accessible and rewarding trading careers. Whether you’re an experienced trader seeking to scale or a novice exploring professional trading, these platforms provide fertile ground for growth. Explore their offerings, choose a firm that aligns with your style, and unlock your trading potential.