Prop trading, or proprietary trading, has gained traction among financial enthusiasts seeking opportunities to leverage industry expertise and capital access. By trading with a firm’s capital and sharing the profits, traders can minimize personal risk while building their portfolios. For those looking to break into this exciting world, here are the top 5 prop trading firms making headlines.
1. FTMO
FTMO is widely regarded as one of the most favored prop trading firms globally. It offers a rigorous evaluation process to ensure the best traders are onboarded. Statistics reveal that FTMO provides traders with up to a 90% profit split and access to accounts ranging from $10,000 to $200,000. Traders benefit from minimal fees and a supportive ecosystem designed to enhance performance.
2. MyForexFunds (MFF)
MyForexFunds has quickly risen as a top contender in the industry. With three different funding models—Rapid, Evaluation, and Accelerated, this firm caters to both novices and seasoned traders. MFF boasts accounts as large as $300,000, with over 135,000 traders actively participating globally. Its accessible platforms and diverse account types make it a go-to for many.
3. Topstep
Topstep, known for its emphasis on trading education, appeals to those starting their prop trading journeys. With a track record of $2 million paid monthly to successful traders, Topstep prioritizes risk management and skill development. It also has a two-step evaluation process to help educate and prepare traders for volatility in real markets.
4. The 5%ers
Positioning itself as a low-risk firm, The 5%ers targets forex traders with a focus on consistent and sustainable growth. With accounts offering up to $1,280,000 in funding, they stand out for their lifetime membership model, allowing traders to progress at their own pace. Advanced risk controls encourage participants to fine-tune their trading strategies for maximum profitability.
5. Earn2Trade
Earn2Trade combines evaluation programs with high-quality learning resources. Featuring opportunities to manage accounts up to $200,000, this platform is ideal for aspiring futures and forex traders. Earn2Trade provides tools like their famous Gauntlet Program, ensuring traders sharpen their skills while accessing significant capital.
Final Thoughts
Prop trading firms are revolutionizing the trading industry, offering opportunities for both beginners and seasoned professionals. Whether you’re drawn to FTMO’s high profit splits or The 5%ers’ low-pressure approach, these firms provide invaluable platforms for career growth.