With the rapid growth of the online prop firm industry, there have never been more options available to traders. The downside, however, is that there are numerous firms that are out to exploit traders and make a quick buck. The aim of this page is to determine which firms are operating fair, legitimate operations and which are not.
Each firm’s place on the list will be determined by a number of factors including:
Trust Metrics
- Trustpilot Score – We explore the rating as well as the number of verified vs unverified reviews. We also look at the content of the reviews to check for recurring issues.
- Recent Reviews – We look for spikes in recent negative reviews. This can be indicative of bad things to come.
- Hidden Rules – We look through the full terms and conditions of each firm and compare that to what the firm actively displays in the FAQ/Rules section. If too many rules or important rules are hidden in T&Cs, this will reflect poorly on the firm.
- Ambiguous/Subjective Rules – All rules should be clear and objective and not open to interpretation, within reason.
- Prop Traders Club Facebook Group Standing – We have over 11,000 members in our group with a vast amount of combined experience. This is a great resource to determine how firms treat traders on a large scale.
- Time in Business – How long a firm has been operating can provide a clearer picture on how they treat there traders and how well the business is run.
- Transparency – This is a broad subject that can include which details the firm make public (CEO, locations etc..) as well as how much of the business operations they share with their members.
Traffic Light System
To help you quickly determine which firms belong where we use a traffic light system.
This firm has been verified as running a legitimate business and treats traders fairly.
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This firm has evidence of paying traders but may have some issues to be aware of such as hidden rules or a spike in negative reviews.
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Firms in this section should be avoided. Issues can include many reports of not being paid profits or other serious problems in the business.
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Verified/Legit Prop Firms (Green)
Featured Firm – Tradiac
Active Promotion 10% off: PTC10
Tradiac is prop firm with some unique features such an option for an enhanced max drawdown, up to 30%! They also offer a very competitive scaling plan with options to save your progress.
FunderPro
FunderPro opened their doors to traders in early 2023, offering up to $200k in funding upon passing a two-phase evaluation.
They are one of the few firms to offer the ability to trade directly from TradingView via their next-gem platform, TradeLocker.
Top Tier Trader
Top Tier Trader is a firm headed by the hugely successful traders Quillan Black and Anthony Williams. They grew to a prop firm that has traders from over 108 different currencies who control over $150 million of capital. They offer fast payments, simple rules and a tried and tested challenge model.
TradingFunds
Active Promotion (10% off) use code: CLUB10
TradingFunds is a new prop firm which offers traders the ability to manage up to $2,000,000 of the firm’s capital upon passing a single-phase evaluation.
The evaluation has been simplified to give traders maximum flexibility in their trading and to remove any complicated rules.
FXIFY
Click Here for Latest Promo Code
FXIFY is a UK-based prop firm offering a variety of challenge models. They allow traders to scale up to $4m in capital and boat some great features such as withdrawal on demand.
My Funded FX
Active Promotion (5% off) use code: PTC
Click Here for Latest Promo Code
My Funded FX is a fast-growing and innovative prop firm based out of Texas, USA. Since launching in 2022 they continuously improved their services including switching to no time limits across all their challenges. Be sure to check out their discord to see what they are working on next.
Bespoke Funding
Active Promotion (10% off) use code: PTC10
This is a UK-based prop firm offering a variety of one or two phase challenges. They offer accounts up to $500k with the option to manage up to $4m in total!
FTMO
FTMO was founded in 2014 in Prague by a trio of traders. They are often regarded as an industry leader and have built a fantastic reputation. They have paid out over $70 million to traders to date and have traders in over 180 countries!
The Funded Trader
Active Promotion: Click Here
The Funded Trader was formed in 2019 when two CEOs of forex educational companies came together Blake Olsen and Angelo Ciaramello. They have a great reputation in the industry for innovation and continuously improving their service.
FundedNext
Active Promotion 5% Discount use code: PTC
Funded Next is a multinational prop firm with a great track record of treating traders fairly. They offer accounts up to $200k, giving traders the opportunity to make a full-time income.
Stocknet Institute
Active Promotion 10% off use code: PTO10
Stocknet institute is a live trading room turned online prop firm. They launched their first prop accounts in March 2022. They provide exclusively live funding accounts.
The 5%ers
The 5%ers are a well-regarded online prop firm founded by Gil Ben Hur in 2016. They are seeking the top 5% of traders and attract them by offering fast scaling, simple pay-outs and innovative funding models.
Alpha Capital Group
Active Promotion (10% off) use code: CASHBACK
Alpha Capital Group are a new and exciting prop firm boasting an in-house brokerage with 0% commissions, a slick and feature-packed dashboard as well as a free monthly competition. Make sure to use the code: CASHBACK for discounts.
The Concept Trading
Active Promotion (5% off) use code: PTO5
The Concept trading is an Australian-based trading educational company who are moving into the prop trading industry. They offer coaching, courses and a number of funding models.
Traders with Edge
Active Promotion (10% off) use code: 10off
Traders with edge was launched in early 2022 with offices in the US and Hong Kong. They have strong educational and community features to help traders become successful.
FTUK
Active Promotion (10% off) use code: proptradingonline
FTUK was founded in February 2021 in London, UK. They run regular promotions and offer traders the opportunity to trade with up to $5.7 million in funds after scaling just 7 times!
City Traders Imperium
City Traders Imperium are a UK-based prop firm founded in 2018 by a seasoned team of traders. They focus on educating their traders to improve their skills and profitability. They have some great resources on their website including a free monthly competition.
Funded Trading Plus
Active Promotion (10% off) use code: PTO10
Funded Trading Plus is an exciting prop firm founded by Simon M in 2013. The firm is run by a great team of traders who have developed the company into one of the UK’s leader prop firms.
Lux Trading Firm
Active Promotion (5% off): proptradersclub
Lux Trading Firm is a professional London-based prop firm offering traders the ability to trade up to and above $10 million! They provide their traders with some amazing educational resources and even a personal risk manager to consult with.
Ment Funding
Ment Funding is a popular firm which offers a single-phase challenge. Traders to take this challenge have exceptionally high pass rates which is a testament to the value this firm provides.
True Forex Funds
True forex Funds offer traders a funded account after passing a two-phase challenge. One particular perk of this firm is the ability to use cTrader which has some great features built-in.
Audacity Capital
Audacity Capital is a prestigious, long-running prop firm located in London, UK. They offer traders excellent opportunities for career growth. They have a number of training courses and coaching sessions available.
Glow Node
Active Promotion (5% off): PTC5
Glow Node is a relatively new prop firm which offers the standard two-phase funding model. They also create custom indicators for their traders to use as well as have a large community to learn from.
Traderseed
Traderseed is an interesting alternative to traditional prop funding. They have created a gamified system in which you progress through levels in a “quest” in order to receive set payouts.
The Trading Pit
The Trading Pit offers some unique options in the prop trading world. For one, they are one of the few firms to offer futures and forex, opening the doors to all kinds of traders. They also have an unparalleled option of platforms to choose from.
Smart Prop Trader
Active Promotion: FXX41
Smart Prop trader is a US-based prop firm headed by Blake Olsen, the co-founder of The Funded Trader. They have a great leadership team and some very competitive prices.
Proceed with Caution Prop Firms (Amber)
Surgetrader
Active Promotion (10% off) use code: PT10off
Surgetrader are a US-based prop firm offering traders the ability to trade up to $1 million immediately after passing the 1-phase challenge. They have a secure source of capital giving traders some piece of mind that their account is safe.
Moved to “Proceed with caution” pending results of legal proceedings.
E8 Funding
There has been a spike in negative reviews coming from this firm. Some members of the group have expressed that large payments are being declined. Some members continue to be paid regularly, however. We will continue to monitor the situation.
FidelCrest
Many traders and reviewers complain of hidden rules with this firm. Partnering with this firm, it’s important to read the terms and conditions thoroughly.
Finotive Funding
Some traders complain of hidden or subjective rules. When trading with this firm, ensure you have a full understanding of the consistency and risk rules.
Prop Firms to Avoid (Red)
First Class Forex Funds
There have been numerous reports in the group of traders being refused large pay-outs. This is echoed in their TrsutPilot Reviews.
My Forex Funds
Active Promotion 5% Discount use code: 5QK8Z86V
My Forex Funds was founded in 2020 in Canada. They have quickly risen to be a leading prop firm with over 120,000 traders across 80 countries. They are popular due to their relaxed rules, huge drawdown limits and reasonable profit targets.
Pending Legal Proceedings.
Fxfundedtrader
This is a website attempting to impersonate My Forex Funds. Do not purchase anything from this website.
Guts to Fail
This firm offers traders extremely large amounts of capital with huge drawdowns. The business model is not sustainable and we do not expect this firm to be around for long. They also use spam as a marketing method which is another red flag.
Eternity Global FX
This is likely a Ponzi scheme or an outright scam. Comapny is offering guaranteed turns of 25% per month which is clearly not viable for any legitimate business.
