Top 10 Prop Trading Firms for |2024| Secret Facts
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In the fast-paced world of proprietary trading, choosing the appropriate Prop Trading Firm can make all the difference. Whether you’re a new trader or a seasoned veteran, selecting a prop trading firm that fits your trading style and goals is critical. Here is a list of the top 12 prop trading firms for 2024, each with unique perks to help you succeed.
1. FTMO
Overview: FTMO is the leading prop trading firm in 2024 because of its rigorous evaluation procedure and strong support system. FTMO, known worldwide for its emphasis on Forex and commodities, offers a complete platform for traders looking to succeed.
Location: Prague, Czech Republic.
You can trade forex, commodities, indices, and cryptocurrencies.
Profit Sharing: Starts at 80/20
Highlights:
- Meticulous evaluation methodology ensures that only the best traders are funded.
- Comprehensive educational resources and community support.
- Opportunities for increasing trading capital.
Pros:
- A fair evaluation method.
- Excellent trader support and resources.
- There is potential for capital scaling.
Cons:
- Difficult evaluation process.
- Limited to specified asset classes.
2. Funding Move
Overview: Funding Move is renowned for offering traders extensive support and adaptable funding options. Focusing on many asset classes, including currencies, futures, options, and stocks, it offers a complete platform for a broad spectrum of trading requirements.
Location: United Kingdom.
Forex, futures, options, and equities can all be traded.
Retain up to 90% of the Profit
Highlights:
- A variety of funding options for different asset classifications.
- Strong resources and support for education.
- Programmable trading systems that adapt to different styles.
Pros:
- An extensive range of trading options.
- Complete instruction and assistance.
- Programs for flexible finance.
Cons:
- Program details and profit sharing ratios can change.
- Need familiarity with a variety of markets.
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3. The Topstep
Overview: Topstep’s futures trading potential are well-known prop trading firm. It offers traders concentrating on futures markets a strong platform with a well-established reputation and a rigorous review process.
Location: United States
What’s Tradeable: Futures
80/20 Profit Split
Highlights:
- Two-phase assessment in a comprehensive evaluation procedure.
- copious educational resources and community support.
- strong emphasis on trading futures.
Pros:
- Careful assessment guarantees knowledgeable merchants.
- Outstanding community and educational support.
- a direct route to funded accounts.
Cons:
- restricted to trading futures.
- Extra expenses for materials and coaching.
4. Prop trading firm Apex Trader Funding
Overview: High profit-sharing percentages and an approachable style characterise Apex Trader Funding. It provides futures traders with a clear assessment procedure and robust instructional support and also known as well-known prop trading firm.
Location: United States
What’s Tradeable: Futures
Profit Sharing: 90% of the first $25k, followed by 90%
Highlights:
- There are several funded trading programs accessible.
- rapid process of examination.
- emphasis on community support and education.
Pros:
- Elevated profit-to-share ratios.
- Quick assessment procedure.
- Robust assistance and instructional materials.
Cons:
- largely concentrates on trading futures.
- The evaluation procedure might be difficult.
5. Funded Next
Overview: With various funding types and broad capital access, Funded Next is a well-liked option for forex traders. It offers a vibrant community as well as forex trading instructional materials.
Location: Bangladesh, Bangladesh, UAE, UK
Trading Options: Forex
Profit Split: 75/15 at first
Highlights:
- Substantial access to finance of up to $4 million.
- Various funding schemes.
- Active support from the community and schools.
Pros:
- Broad access to capital and adaptable financing arrangements.
- Robust community and educational resources.
Cons:
- Restricted to trading forex.
- Comparatively new company in contrast to others.
6. Trader2B
Overview: With an emphasis on stock and options trading, Trader2B offers a simple route to funded trading accounts. It provides a selection of assessment systems to accommodate various trading philosophies and a well reputable prop trading firm.
Location: United States
What You Can Trade: Options and Stocks
80/20 Profit Split
Highlights:
- A multi-option program with a clear review process.
- Excellent materials for education.
- Concentrate on trading stocks and options.
Pros:
- Straightforward assessment procedure.
- Complete assistance for education.
- Centred on options and stocks.
Cons:
- Restricted to trading in equities and options.
- A trader’s assessment may not fit everyone.
7. OneUp Trader
Overview: OneUp Trader provides traders with multiple funding alternatives and a distinctive evaluation procedure. Well-known for emphasising futures and FX, it offers a variety of programs to suit a range of requirements.
Location: United States
What You Can Trade: Forex, Futures
80/20 Profit Split
Highlights:
- Adaptable financing choices.
- Diverse programs for evaluation.
- Pay attention to trading FX and futures.
Pros:
- A range of financing choices.
- Adaptable method of evaluation.
- Centred on forex and futures.
Cons:
- Restricted to forex and futures.
- Assessment could be difficult for certain traders.
8. Earn2Trade
Overview: A range of funding choices and a thorough evaluation process are offered by Earn2Trade. It serves forex and futures traders and is well-known for its teaching materials and community assistance.
Location: United States
What You Can Trade: Futures and Forex
Profit Ratio: 70/30
Highlights:
- Thorough assessment procedure.
- Plenty of educational materials.
- Substantial community backing.
Pros:
- Thorough assessment.
- Targeted assistance with schooling.
- Thriving community of traders.
Cons:
- Ratios of profit to share can differ.
- Restricted to trading in futures and forex.
9. Funded Trader Program
Overview: With an emphasis on stocks, options, and futures, the Funded Trader Program provides a straightforward route to funded trading accounts. Well-known for being straightforward and efficient, it gives traders a strong base.
Location: United States
What You Can Trade: Futures, Options, and Stocks
75/25 is the profit share.
Highlights:
- Simple to use evaluation procedure.
- Pay attention to various asset classes.
- Robust backing from traders.
Pros:
- Straightforward assessment procedure.
- The ability to access various asset classes.
- Strong resources and assistance.
Cons:
- Ratios of profit to share can differ.
- Not every trader will find the evaluation method suitable.
10. Maverick Trading
Overview: Maverick Trading specializes in stocks, options, and FX and offers a variety of programs. It serves a broad spectrum of traders and is renowned for its robust instructional support and adaptable trading choices.
Location: United States
What You Can Trade: Forex, Options, and Stocks
Profit Ratio: Not Fixed
Highlights:
- Plenty of educational materials.
- Adaptable trading schemes.
- Pay attention to various asset classes.
Pros:
- Robust assistance for training and education.
- Options for flexible trading.
- Availability of different asset classes.
Cons:
- Ratios of profit to share can differ.
- The process of evaluation might be laborious.
Read our previous Blog: Trade Gaps in the Markets Successfully
Conclusion:
As we end up our look at the best prop trading firms, it’s evident that the trading scene is more active and accessible than ever. Whether you’re an experienced trader or just starting out, the perfect prop firm may be a game changer, providing not only capital but also the assistance and infrastructure required to succeed.
From FTMO’s well-known trader-friendly strategy to Funding Move’s creative approach, each company on our list adds something new to the mix. The trick is to choose a firm that matches your trading style and goals, offering the correct mix of risk management, capital allocation, and trading tools.
As we approach 2024, staying ahead in the trading world requires collaborating with organizations who understand the changing market and are dedicated to your success. So take your time, conduct your research, and select a Prop firm that not only satisfies your immediate demands but also promotes your long-term success. Remember that the ideal prop trading firm is more than simply a platform; it is a partner on your path to trading success.
Are you ready to take the leap? Explore these top firms and see how they may help you realize your trading goals. Happy trading!