Proprietary Trading is a trading activity when a firm or an institute invests its own capital into stocks, bonds, commodities, and other financial instruments. The risk factor in proprietary Trading is high, so is the profit-making opportunity. Selecting a Proprietary Trading Firm is never an easy task, especially if you are a beginner and want to get the most for your investments. To help you out, we have created a list of some of the best proprietary trading providers. It will make your task easy while searching online for the best proprietary firm.
Following is a handpicked list of Top Proprietary trading firms with their popular features and website links.
My
Forex Funds provides instant funding for traders who join to trade with it.
Customers can then earn not just profit splits but also bonuses. The funding
programs are customized and choosable based on one’s trading experience.
Traders can join the platform for a low entry cost and even earn money while
gaining more trading experience.
The company specializes
in trading forex, contracts for differences or CFDs, indices, and commodities
such as metals.
Profit split: Up to
85%.
Features:
- The high-profit
split makes it suitable for pro-prop traders.
- Prove your trading
experience by passing an evaluation.
- An accelerated
arrangement is more suitable for full-time traders.
- Trade with
MetaTrader 4 and 5.
- Tools to support
trading include discord chats, blogs, insights, and 24/7 trader support.
- Pay using crypto –
BTC, ETH, BTC, and LTC.
- A demo account is
based on real market conditions.
- The first payout
is 30 days after the first trade placement. Afterward, 4% of the profit
target is paid in phase 2, 112% refunded as a purchase fee refund, and 75%
profit split in the first month.
- The accelerated
program provides funding for traders – get from $2,000 to $5,000 and grow
your capital to a maximum of $2 million. The rapid program is for testers,
and the evaluation program is also funded with between $10,000 and
$200,000, although customers can grow their accounts up to $600,000.
- Assured funding
varies based on the target.
- Leverage of up to
100 times depending on the plan chosen.
- Get paid 50% of
your account profits weekly for accounts older than 5 days. Get paid
through PayPal, Bank, TransferWise, or via crypto.
Pros:
- The account offers
cover for beginner, intermediate, and pro traders.
- Affordable
evaluation costs – 25% cheaper than FTMO for the same capital level.
- High-profit
splits, instant funding, low-profit targets–8% on the first stage and 5%
to proceed to a funded account.
- 40,000 trades in
120 countries.
Cons:
- Slow customer
service.
- Drawdown is based
on equity, not account balance.
Founded: 2020
Headquarters: Toronto,
Ontario, Canada.
Revenue: Not
available
Employees: Not
available
2-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.
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.
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