Top 10 Prop Trading Firms of March 2024: A Comprehensive Review - Prop Trading Firm | April 2024 Reviews (2024)

Welcome, everyone! Today, we’re diving into the exciting realm of proprietary trading firms, spotlighting the top 10 prop firms as of March 2024. This guide is crafted from our hands-on experiences and aims to provide an insightful overview of each firm’s offerings to the global trading community. Let’s explore the distinguished prop firms that have made significant strides in the industry.

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MyFundedFX: A Rising Star in Prop Trading

First in line is MyFundedFX, a commendable prop trading firm from Texas, USA, marking its presence since June 2022. This firm stands out for offering a broad spectrum of funding programs, including two-step, one-step, and three-step evaluations, with account sizes ranging from $5,000 to a hefty $300,000, plus scaling opportunities. These tailored funding options empower traders to align their strategies with their ambitions.

Funded Trading Plus: London’s Pride

Next, we spotlight Funded Trading Plus, a London-based prop trading firm that debuted in December 2021. They present an array of funding programs, such as two two-step evaluations, a one-step, and a direct funding option, with account sizes between $5,000 and $200,000, complemented by scaling possibilities. This flexibility ensures traders find the program that resonates with their trading style.

The Funded Trader: A Key US Player

The Funded Trader, operational since May 2021 and based in Texas, offers a wide selection of funding programs, including three two-step evaluations, a one-step evaluation, and a three-step evaluation. Account sizes vary from $5,000 to $600,000, with scaling options available. This variety gives traders ample opportunity to find a program that suits their preferences.

The5ers: Making Their Mark from London

The5ers, launched in April 2020 in London, UK, have quickly established a significant footprint in the prop trading sector. They offer a two-step evaluation, a three-step, and a direct funding program, with account sizes from $5,000 to $250,000, each accompanied by scaling opportunities. These diverse funding options cater to the unique goals and preferences of traders.

Finotive Funding: A Hungarian Innovator

Finotive Funding, hailing from Budapest, Hungary since April 2021, provides a vast array of funding programs, including two two-step evaluations, two one-step evaluations, and two direct funding options, with account sizes from $2,500 to $200,000, plus scaling opportunities. Their six distinct programs offer traders the flexibility to pursue their trading objectives.

FTMO: A Prop Trading Powerhouse

Halfway through our list, FTMO, founded in September 2015 in Prague, Czech Republic, continues to dominate the prop firm landscape. With a singular funding program that includes a two-step evaluation for account sizes ranging from $10,000 to $200,000, coupled with scaling opportunities, FTMO offers traders the flexibility to select an account size that aligns with their goals.

E8 Markets: A Texas Trailblazer

E8 Markets, established in November 2021 and based in Dallas, Texas, provides a broad spectrum of funding programs, including a two-step and a three-step evaluation, with account sizes from $5,000 to $400,000, plus additional scaling opportunities. This range of funding options enables traders to find the program that best suits their trading ambitions.

True Forex Funds: Hungary’s Finest

Approaching the end, True Forex Funds, operational since October 2021 in Hungary, offers a diverse range of funding programs, with account sizes from $5,000 to $200,000, including three two-step evaluations and a one-step evaluation. The additional scaling opportunities further enhance the firm’s appeal, providing traders with flexibility in aligning with their goals.

FundedNext: A Dynamic Duo from the UAE and Bangladesh

Second to last is FundedNext, which emerged in March 2022, marking significant milestones in the UAE and Bangladesh. Offering a plethora of funding programs, including two two-step evaluations and three one-step evaluations, with account sizes ranging from $6,000 to $200,000, each paired with scaling opportunities. These unique programs offer traders the flexibility to pursue their trading preferences.

Funding Pips: A Swift Mover in Dubai

Concluding our list, Funding Pips, launched in August 2022 and based out of Dubai, UAE, swiftly marked its territory in the industry. Offering a single funding program with account sizes from $5,000 to $100,000, coupled with further scaling opportunities, Funding Pips allows traders to tailor their trading strategy to their objectives and resources.

As we wrap up our exploration of the top 10 prop trading firms of March 2024, it’s clear that each firm brings something unique to the table, catering to the diverse needs and goals of traders globally. This industry continues to evolve, offering innovative and flexible solutions to support traders in achieving their financial aspirations.

Top 10 Prop Trading Firms of March 2024: A Comprehensive Review - Prop Trading Firm | April 2024 Reviews (2024)


What is the most trusted prop firm in 2024? ›

#1 – Funder Trading

Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.

What are the top 5 futures prop firms? ›

The top futures prop firms are TopStepTrader, Jane Street, FTMO, 3Red Partners and The Trading Pit. Jane Street and 3Red Partners are very secretive about their fees and profit splits but they do offer some of the best technology and high-frequency trading.

Which prop firm is the most reliable? ›

Best Prop Trading Firms 2024 - Reviewed by Experts
  • Topstep.
  • The 5%ers.
  • Earn2Trade.
  • SurgeTrader.
  • FTMO.
  • E8.
  • City Traders Imperium.
  • Fidelcrest.
Feb 2, 2024

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.

Why is FTMO banned in 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.

Do prop firms really pay out? ›

Yes, prop firms do pay. While there are some scams out there popping up everyday, reputable prop trading firms like True Forex Funds, FTMO,5%ers,FundedNext are legitimate and pay traders according to their profit-sharing agreements. As for True Forex Funds, I can vouch for their credibility.

What is the best prop firm in the US? ›

Best US Prop Firms
  • SurgeTrader – Best For Managing Big Capital Without Scaling.
  • My Funded FX – Best for Diverse Traders.
  • TradeDay – TradeDay is Best For Learning from Experts.
  • TopStep – Best For Trading Futures.
  • Earn2Trade – Best for Guided Futures Learning Paths.

What is the oldest prop trading firm? ›

{quote} FTMO (unless you are a US citizen), The5ers, and City Traders Imperium are the three oldest prop firms, and probably the only ones with 5+yrs reputable history of reliable payouts. I'd start with those three.

What is the best instant funding prop firm? ›

While FTMO stands out as the best overall prop firm, other options such as Fidelcrest, 5%ers, BluFX, Glow Node, Smart Prop Trader, FTUK, Instant Funding, and SurgeTrader also offer attractive features and benefits.

Which prop firm has the lowest fees? ›

Best cheap forex prop firms
  • FTMO: evaluations starting at $399.
  • TopStepTrader: Challenges starting at $375.
  • T4tCapital: Flexible evaluation options starting at $299.
  • Funded Trading Plus: Starting at $25.
  • Earn2Trade: $99 Mini challenge.
  • True Trading Group: $49 evaluation with a $25,000 virtual account.
Feb 27, 2024

Which prop firm has the lowest spread? ›

**SMB Capital**: Specializing in equities trading, SMB Capital is known for its low trading costs and competitive spreads. 5. **Candlestick Trading Forum (CTF)**: CTF is a prop firm that focuses on Forex trading and is reputed for offering tight spreads.

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.

Which prop firm has 0 minimum trading days? ›

If you want prop firms with no minimum trading days, Smart Prop Trader is the right choice.

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

Proprietary trading firms often provide evaluation accounts where you prove your trading skills. Usually, you pay a one-time fee to enter this "challenge." If you lose money during this evaluation, you won't owe anything beyond the initial fee.

What prop firms have no time limit? ›

Direct Funded Trader (DFT) is a prop firm providing funded trading accounts across forex, futures, stocks, and crypto markets. They offer a lifetime profit split model with no time limits on their highest account tiers. DFT launched in 2020 and currently works with over 1,800 funded traders.

Is FTMO the best prop firm? ›

FTMO Investment Options

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.

Is Funded Next trustworthy? ›

Fundednext is one of leading and trusted funding prop firms in the world, if you are looking to start trading a huge capital up to $300,000. Having tested it, I highly recommend you go ahead and sign up with Fundednext.

What percentage of people pass prop firm challenges? ›

The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.


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