7 BEST Forex Prop Firms (2024 Reviews) (2024)

By : Matthew Martin

Updated

Forex Prop Trading Firm, fund your account, let you execute your trading strategies, and allows you to split the Profit. You need to pass an evaluation in most firms to qualify. Forex is the world’s second-largest marketplace after the stock market. A good trader can make quick and sizeable profits by trading on short-term currency trends.

We researched more than 30 Forex Firms and following is a handpicked list of 9 Top Forex traders, with their pros, cons, key statistics, and website links.

Best Forex Trading Firms for Instant Funding

#1 Best Overall

7 BEST Forex Prop Firms (2024 Reviews) (2)

7 BEST Forex Prop Firms (2024 Reviews) (3)7 BEST Forex Prop Firms (2024 Reviews) (4)

7 BEST Forex Prop Firms (2024 Reviews) (5)

NameFidelcrestTopStepTraderOneUp TraderFTUK
Initial Balance:up to $1 million200k buying power for $125 monthly.$25,000 upto $250,000$14,000
Forex Pair Supported:EURUSD, EURJPY, GBPUSD, GBPJPY, AUDUSD, CHFUSD, AUDCHF, EURGBP, NZDJPY, etc.EUR/USD, XAU/USD, XAG/USD, AUD/USD, NZD/USD, GBP/USDEUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF and NZD/USDEUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF, etc.
Profit Split:Up to 90%Up to 50%Up to 90%Up to 80%
LinkLearn MoreLearn MoreLearn MoreLearn More

1) Fidelcrest

Best for crypto experts

Fidelcrest helps in gaining 90% to 80% of profit. Established in 2018, Fidlecrest offers courses that help in creating sustainable long-term profits. It has the fastest evaluation program that helps you start managing prop trading firm capital of up to 2 million USD.

This platform offers a minimum number of objectives and has simple rules. It also includes no recurring charges, hidden fees, or membership fees. Additionally, its trading period starts anytime you open the position and ends after 60 calendar days.

7 BEST Forex Prop Firms (2024 Reviews) (6)

Features:

  • Trading: Fidlecrest lets you hold positions even on weekends and overnight. It allows you to open accounts automatically and openly. This platform offers raw spreads that start from 0 pips and 0 commissions.
  • Rates: Its leverage rates are up to 1:100, which applies to all traders. Fidlecrest pays 40% profit if you pass the phase 2 exam and provides 10 minimum trading days. You also get a fair profit split up to 90% always.
  • Instruments: Its traders can trade 175+ products with spreads and commissions. Some of the products are Forex, metals, stocks, commodities, and others.
  • Account analysis and automation: It has proprietary software that helps track trading objectives and progress. You also get automated monitoring 24/7 that makes account metrics available in the trader area.
  • Support: Its support is available in Europe, Asia, the Americas, and Africa.
  • Forex pair supported: EURUSD, NZDJPY, GBPUSD, EURJPY GBPJPY, AUDUSD, AUDCHF, CHFUSD, EURGBP, etc.

Pros

  • It lets in newer traders with low funding.
  • There are no limits on instruments or volumes traded.
  • It offers a profit of up to 5% to 20% of your initial account balance.
  • Fidlecrest has unlimited free entries.

Cons

  • The technical support may not be available on Saturdays and Sundays.
  • The phase 2 verification stage is quite tough.

Visit Fidelcrest >>

Profit-sharing Up to 90%

2) TopStepTrader

Best for Forex & Futures traders

TopStepTrader is a financial technology firm for day traders to operate in real-time simulated accounts and assess their profit/loss performance. It was founded in 2012 and is now one of the best prop trading firms with no capital contribution. Traders passing the firm’s evaluation get a trading account to operate in the forex market using the firm’s Capital.

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Features:

  • Buying power of up to $500,000.
  • Small monthly fee.
  • Excellent reputation.
  • Simple rules.
  • News event trading, holding positions overnight, and weekends allowed.
  • It offers 14 days risk-free trial
  • You have to maintain a profit target of $3,000
  • The maximum loss allow is $1,000

Pros

  • Choose 1:1 coaching, group coaching, or both!
  • Personalized stats and tips are provided to improve performance.
  • It helps you to understand your performance and helps you to grow.
  • You can connect with expert traders via call, chat, WhatsApp, or email.
  • Traders who pass the evaluation get a trading account to operate in the Forex market using the firm’s Capital.

Cons

  • The company doesn’t provide bonuses, automated Trading, or other passive income options.
  • Their support service works only on weekdays during set hours.
  • Rules might seem too complex.

Visit TopStepTrader

Profit-sharing Up to 50%

3) OneUp Trader

Best Overall

OneUp Trader is one of the best funded trader program firms in the United States. It has helped numerous funded traders worldwide to earn higher profits on their trading skills.

This Forex trading prop firm comes with No data fees or hidden fees. Once you clear 1-Step Evaluation, you can get up to 90% profit and receive real money.

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Features:

  • Flexible trading: There are no restrictions on trading styles, and it supports all strategies. It also comes with news-based trading and includes easy-to-understand rules.
  • High Payout Ratio: Fast-Track your success with a quick start bonus. Funded traders keep 100% of their first $10,000 profits for the 90% split option.
  • Simplified Funding: Achieve simple, fair and attainable funding goals. No fine print, no hidden fees or grey areas.
  • Trailing Drawdown: The Trailing Drawdown will increase at a defined distance as your account balance increases.
  • Forex pair supported: EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF and NZD/USD etc.

Pros

  • No data fees or hidden fees
  • FREE and unlimited profit withdrawals from day 1
  • No Daily Drawdown

Cons

  • The firm requires traders to put a stop-loss on each trade.
  • During OneUp Trader audition, in the event of a hard breach account access will be revoked.

Visit OneUp Trader >>

Profit-sharing 90%

4) FTUK

Best for high rewards

FTUK is a Forex trading firm that allows you to select from an instant funding program and an evaluation program. After opening an account, you need to achieve a specific Profit target which you must reach to scale your account balance. Upon successfully completing their program, you are rewarded with 50-80% profit splits and a double up on your account balance.

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Features:

  • Instant funding method
  • Allows News trading
  • Zero commission or swap fees
  • Manage up to $6,720,000 capital
  • It allows weekend and overnight positions
  • Founded: 2021
  • FX Pairs Supported: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF, AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, etc.
  • Free Trial: No

Pros

  • No minimum trading days
  • Single-phase evaluation process
  • Fast payment procedures

Cons

  • It offers low leverage 10:1 & 30:1
  • Only 1.5% Max stop loss risk limit on low-risk account types

Visit FTUK >>

Profit-sharing Up to 80%

5) FTMO

Best secure funded trading platform

FTMO Forex Fund Trading Program offers traders large capital to have enough leverage to trade with profits. Once this is achieved, these profits are split between yourself and the Proprietary Firm. FTMO is one of the best forexes funded programs designed for profitable and talented Forex traders.

7 BEST Forex Prop Firms (2024 Reviews) (10)

Features:

  • Financing up to $200,000
  • Good reputation and references
  • It doubles the size of the trading account every time you reach a 10% target.
  • Does not have any liability for losses
  • Location: Czech Republic
  • FX Pairs Supported: EURUSD, GBPUSD, GBPJPY, USDCAD, and AUDUSD
  • Pricing: €155 per monthly Fee
  • Free Trial: 30 Days

Pros

  • Single Payment and no monthly subscriptions
  • Simple trading rules and account limits
  • Offers unlimited time to complete

Cons

  • Weekly Loss Limit is only USD$500

Visit FTMO >>

Profit-sharing 90%

6) Traders4Traders

Best for larger accounts

Traders4Traders provides great opportunities for those wanting to earn by trading in the forex markets. They offer risk-free initial evaluation, extensive trading, and specialized advanced trading tools that will equip you for success. You need to make a single payment and no monthly subscriptions. This online forex broker also provides unlimited Time to Achieve Profit targets.

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Features:

  • Offers great forex trading education
  • Funding up to $1M
  • Specialized Forex training programs
  • Rapid scaling Program
  • Does not have a limit on the profit target
  • Easy automated Risk Management
  • FX Pairs Supported: AUDCAD, AUDCHF, AUDCNH, AUDHKD, AUDJPY, AUDNZD, AUDSGD, AUDUSD, CADCHF, CADJPY, CADSGD CHFSGD, CNHJPY, EURAUD, EURCAD, EURCHF, EURDKK, EURGBP, EURHKD, EURJPY. EURMXN EURNOK.
  • Refundable Registration Fee: Yes

Pros

  • Single Payment and no monthly subscriptions
  • Simple trading rules and account limits
  • Offers unlimited time to complete

Cons

  • Weekly Loss Limit is only USD$500

Visit Traders4Traders

Profit-sharing Up to 80%

How to Choose the Best Forex Trading Firm?

Here are points that you need to consider for selecting the Best Forex Trading Firm:

  • It is important that you do the proper research and find a forex trading firm with a good reputation.
  • You should also consider the company’s history, client testimonials, and team size.
  • Look for a Forex prop trading firm that has been in the business for a long time and has a good track record.
  • You should consider the company’s financial strength and the level of experience of its employees.
  • You should opt for a firm that provides comprehensive forex trading education.
  • You need to make sure that your selected firm should answer any questions regarding the forex trading process.
  • You need to consider the fees and commissions that the firm charges.

FAQs

Forex Trading is the process of buying and selling currencies with the intention of making a profit. It is one of the most volatile and risky investment options. However, due to its constantly changing prices, Forex trading can be highly lucrative for those who are skilled at it.

Here are the Best Forex Prop Trading firms:

  • Fidelcrest
  • TopStepTrader
  • OneUp Trader – Best Overall
  • FTUK – Best for high rewards
  • Traders4Traders – Best for larger accounts
  • FTMO – Best secure funded trading platform

Best Forex Prop Firms

#1 Best Overall

7 BEST Forex Prop Firms (2024 Reviews) (12)

7 BEST Forex Prop Firms (2024 Reviews) (13)7 BEST Forex Prop Firms (2024 Reviews) (14)

7 BEST Forex Prop Firms (2024 Reviews) (15)

NameFidelcrestTopStepTraderOneUp TraderFTUK
Initial Balance:up to $1 million200k buying power for $125 monthly.$25,000 upto $250,000$14,000
Forex Pair Supported:EURUSD, EURJPY, GBPUSD, GBPJPY, AUDUSD, CHFUSD, AUDCHF, EURGBP, NZDJPY, etc.EUR/USD, XAU/USD, XAG/USD, AUD/USD, NZD/USD, GBP/USDEUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF and NZD/USDEUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF, etc.
Profit Split:Up to 90%Up to 50%Up to 90%Up to 80%
LinkLearn MoreLearn MoreLearn MoreLearn More

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7 BEST Forex Prop Firms (2024 Reviews) (2024)

FAQs

What is the best prop firm in forex 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.

Which forex prop firm is best? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • True Forex Funds.
  • The 5%ers.
  • Funded Next.

What prop firm has the fastest payout? ›

Funding Traders offers some of the fastest, most flexible payout terms in the industry. As a funded trader yourself, this industry-leading prop firm empowers you to maximize profits and get paid faster.

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.

What is the most rated prop firm? ›

Best Prop Trading Firms 2024 - Reviewed by Experts
  1. Topstep: A Leader in Trading Innovation. ...
  2. The 5%ers: Forex Trading with a Twist. ...
  3. Earn2Trade: Empowering Aspiring Traders. ...
  4. SurgeTrader: A Gateway to Diverse Trading Assets. ...
  5. FTMO: Stringent Yet Rewarding. ...
  6. E8 Funding: Innovative and Flexible.
Feb 2, 2024

What are the trustworthy prop firms? ›

Top 3 Prop Trading Firms in 2024
PositionRating scoreTrading Firm
Ranking position9.02FTMO Overall score: 9.02/10
Ranking position8.39Funded Trading Plus Overall score: 8.39/10
4 Ranking position7.76Funded Next Overall score: 7.76/10
5 Ranking position6.5The5ers Overall score: 6.5/10
16 more rows

Do prop firms really pay? ›

There are three main types of prop trading firms: Churn and Burn – At these firms, you pay thousands of dollars for “training” and the privilege of trading a small amount of capital. You get no base salary, but you keep a huge percentage of your profits (well over 50%).

Do prop firms give you real money? ›

While it's true that there have been instances of fraudulent prop firms, it's important to note that legitimate prop trading firms do exist, and they indeed pay traders based on their performance. It's crucial to thoroughly research and choose reputable firms with a proven track record.

How many traders pass prop firms? ›

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.

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

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 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.

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.

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.

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.

What is the most profitable EA in Forex? ›

Zeus EA, one of the best Forex EAs, can help you make money while you sleep by automatically entering and exiting trades based on predetermined rules. Zeus EA is one of the most popular and profitable MetaTrader Expert Advisors on the market.

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.

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.

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