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The "best" proprietary trading firm (prop trading firm) can vary depending on an individual's trading style, goals, experience level, and the specific market they trade in (stocks, forex, futures, etc.). Here’s an overview of some of the top-rated prop trading firms, along with factors to consider when evaluating them:

Top Proprietary Trading Firms (2024)

  1. FTMO

Focus: Forex, indices, commodities, and cryptocurrencies.

Key Features:

Funded trading accounts after passing evaluation challenges.

Flexible leverage options and scaling plans.

Transparent profit-sharing model (up to 90%).

Best For: Forex and CFD traders looking for competitive payouts and strong support.

  1. Topstep

Focus: Futures and forex trading.

Key Features:

Evaluation process to earn funded accounts.

Risk management training and tools.

Strong community and educational resources.

Best For: Futures traders and beginners seeking structured growth.

  1. T3 Trading Group

Focus: Equities and options.

Key Features:

Direct market access (DMA) and advanced trading platforms.

Training programs and mentorship for traders.

Option to trade with the firm's capital.

Best For: Stock and options traders wanting professional-level resources.

  1. The5ers

Focus: Forex and CFD trading.

Key Features:

No time limits on evaluation.

Profit split up to 50%.

Risk-averse trading approach encouraged.

Best For: Low-risk forex traders with longer-term strategies.

  1. Maverick Trading

Focus: Options, equities, and forex.

Key Features:

Extensive training programs for beginners and experienced traders.

Access to the firm's capital and robust risk management.

Community of professional traders.

Best For: Options and forex traders interested in structured learning.

  1. SMB Capital

Focus: Stocks, options, and futures.

Key Features:

Mentorship from seasoned professionals.

In-house training programs like SMBU.

Collaboration in a team-oriented environment.

Best For: Serious traders seeking mentorship and growth opportunities.

  1. Fidelcrest

Focus: Forex, indices, commodities, and cryptocurrencies.

Key Features:

Multiple account options (micro and pro levels).

High profit split (up to 90%).

Global trader accessibility.

Best For: Forex traders wanting diverse account sizes.

Factors to Consider

When choosing a prop trading firm, evaluate based on these criteria:

Trading Instruments: Ensure the firm supports the markets you wish to trade.

Profit Split: Check how much of your profits you can retain (e.g., 70%-90%).

Funding Models:

Some firms require passing an evaluation or challenge to access funds.

Others provide direct funding based on a fee or deposit.

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Kayla Alves

Lvl 3
1y ago

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