Are you an experienced trader looking to make a living by connecting yourself with the best prop firms around the globe? Then, this article is for you.

By joining these firms, you can develop your trading strategies, get high-profit returns, and leverage advanced trading tools. However, you must be skillful and experienced in analyzing the market conditions of different commodities, currencies, and stocks. It is vital to highlight that trading with a prop firm entails risks, as traders may incur losses that affect both their personal income and the capital of the firm.

In this article, we will be delving into the list of forex prop firms. Without further ado, let’s dive into it.

What is Forex Propriety Trading?

In a nutshell, propriety trading in forex refers to trading different assets with the capital provided by the prop firm. Most prop trading firms have programs that test the trader’s skills and experience before hiring them.

Moreover, the traders use their experience, skills, and strategies to identify different trading opportunities and execute traders with the aim of generating profit for the prop firm. The firm provides the funds, which lets the traders open large positions in the market, which often leads to more profit. Although, it involves a lot of risks, as well. Therefore, it is indispensable for traders to navigate these risks for a profitable trading journey.

List of Prop Trading Firms

·       SurgeTrader

SurgeTrader is one of the pioneer propriety trading firms in 2023. The company has the simplest process for its upcoming traders. Furthermore, SurgeTrader has a single-stage audition for traders and offers live trading account , making it a unique prop trading firm. The trader could receive up to 90% profit with an add-on purchase.

The company offers up to six exclusive packages, which are:

1. Starter: $25,000, and the audition fee is $250.
2. Intermediate: $50,000, and the audition fee is $400.
3. Seasoned: $100,000, and the audition fee is $700.
4. Advanced: $250,000, and the audition fee is $1,800.
5. Expert: $500,000, and the audition fee is $3,500.
6. Master: $1,000,000, and the audition fee is $6,500.

All the packages contain a 5% daily limit, leverage up to 20:1, profit target of 10%, and max trailing drawdown of up to 8%. This prop firm has a user-friendly portal for its trader and other users, which makes it flexible for people to trade.

With excellent customer service, you can get your queries and doubts answered. The platform has also received rewards and good positive ratings from traders all around the world.

· e8 Funding

E8 Funding is weaving tales by providing advanced tools and features to the traders and offering suitable packages. Moreover, the company provides substantial capital and software solutions such as MT4 and MT4 for traders to trade on different markets and generate profit, making it a sophisticated platform for all kinds of traders worldwide.

E8 Funding offers up to three accounts:

E8 Account

• Get up to a $3000,000 funded trading account.
• Profit target 8%, daily withdrawn 5%, initial deposit drawdown 10%.
• The trader must pass phase one and phase two for a funded account. Each phase has different objectives.

E8 Track

• Get up to a $250,000 funded trading account.
• The trader must phase three phases with different objectives to start trading with a live funded account
• Traders can get the same rewards at a lower cost.

ELEV8 Account

• The trader must pass phase one and phase two for a funded account. Each phase has different objectives.
• Get up to a $1M funded trading account.
• Get up to 90% profit.

· FTMO

FTMO is a popular trading platform where millions of traders trade from over 180+ countries. Furthermore, the company strives to provide traders with the latest and advanced trading tools to make it easier for traders to analyze the market conditions and make more profits.

The platform offers a great opportunity for traders to access up to a $400,000 funded trading account after they successfully complete their evaluation. Once you become part of this intriguing company, the profit is split up to 80%, although with the scaling plan, it can reach up to 90%. It will be only possible if you manage to generate a 10% net profit over a period of time.

Nevertheless, the company also offers educational content for its traders and customers. It helps them learn about new forex trading strategies, market conditions, and more. At last, FTMO is one of the most effective prop trading firms on our list. The traders can buy $10,000 trading for just €89.

·The 5%ers

The 5%ers is a well-drive prop firm which was established in 2016. The company is quite affordable for traders around the globe. The best thing about this company policy is that the profit keeps on increasing whenever traders reach the profit target with a growth up to 4 million USD.

Furthermore, the 5%ers offer up to three funding programs for its traders:

Bootcamp Program

• The entry cost of this program is only $95 and $225 for $100k and $250 funded accounts.
• The trader must complete up to three challenges in a demo account and follow the objectives.
• Unlimited time for completing the challenges.
• The leverage is 1:10.

High Stake Challenge

• MT5 platform availability.
• Leverage is 1:1000
• The profit split is 80% to 100% with a monthly salary.
• The account will be expired if the company does not notice any trading activity for up to 14 days.

Hyper Growth Program

• Leverage is 1:30.
• Availability of MT5 platform.
• The account sizes are 10k, 20k, and 40k.

·My Forex Funds

My Forex Funds was launched in 2020 and is currently one of the leading prop firms in the world. Although the company may seem new to you, it is expanded with 300+ staff members and 2000 customers on a daily basis.

Moreover, the company also offers MetaTrader 4 and 5 for its trader for effective trading. The customer care service is available 24 hours and seven days a week, which solves any confusion about your funded account.

The best thing about My Forex Funds is that you can make a profit and earn by the start of the journey. It also does not have high-entry costs for the traders. It offers three programs Rapid, Evaluation, and Accelerated. Although, it has some important rules to follow, such as:

• The trader must not have less than 5% daily drawdown and 12% overall drawdown.
• There must be active trade for at least 3 days a week.
• There are no restrictions on any instrument. You can trade any without permission.

Every program this prop firm offers has several different benefits for the traders. In addition, the platform is great if you want to start prop firm trading at a low cost.

·T4T Capital

T4T Capital is another superior prop trading firm with hand-vetted staff and experienced traders worldwide. Like others, the new traders must pass the demo challenge er to start trading on the live account. The traders can pass this challenge if they are capable enough to generate a profit of 8% and a win rate of up to 45%.

There is no time limit to achieve this challenge. The weekly loss limit is only 2%, and the max drawdown is 4%. The traders can trade different indices, commodities, and currencies with profit split up to 80%.

Moreover, the live trading account has four levels with an account size of $100k, $200k, $400k, and $800k, with a profit target of 15%. In addition, the platform has good ratings from its traders, which makes it a reputable prop firm.

·Topstep

Topstep is one of the American pioneers and fastest-growing companies with the aim to diversify people’s trades. The company is known for its excellent trader support, superior reputation, and payouts.

Furthermore, Topstep provides free 1:1 coaching, trading education courses, and live trading broadcasts, which help traders trade and analyze market conditions. You can also connect with experienced traders and the company community on Discord and Facebook.

The evaluation process of Topstep is called Trader Combine. The trader must follow and adhere to the Trading Combine parameter, or else the account will not be incompetent for funding. Here are some parameters according to the buying power:

$50k:

• The profit target is $3000.
• The maximum position size is five contracts.
• The max loss limit is $2000.

$100k:

• The profit target is $6000.
• The maximum position size is ten contracts.
• The max loss limit is $3000.

$150k:

• The profit target is $9000.
• The maximum position size is 15 contracts.
• The max loss limit is $4500.