Best Prop Trading Firms in 2024 • Benzinga (2024)

Benzinga readers often choose Apex Trader Funding or Top One Trader as the best prop trading firms.

Proprietary or prop trading has become an increasingly popular investment approach for financial institutions and prop traders because of the numerous benefits it offers both players. In this form of trading or investment, the investor or prop trader uses the company’s fund or capital to trade various financial instruments, including equities, derivatives and currencies. The financial institutions profit directly from the financial market rather than relying solely on trade commissions from clients, and the prop trader earns a commission or profit split.

However, finding prop trading firms or platforms that deal in your preferred assets or tradable instruments and under conditions that suit you can be challenging. Benzinga reviews some of the top firms to help you make an informed choice.

Quick Look: Best Prop Trading Firms

  • Best for Beginner Futures Traders: Apex Trader Funding
  • Best for Undercapitalized Futures Traders: MyFundedFutures
  • Best for Stock Traders: Trade the Pool
  • Best for Experienced and Beginner Forex, Indices and Metal Traders: The 5ers
  • Best for All Futures Traders: BluSky
  • Best for Seasoned and Undercapitalized Traders: Top One Trader
  • Best for Instant Funding: Instant Funding
  • Best for Experienced Traders: FXIFY
  • Best for Accelerated Trader Funding: SurgeTrader
  • Best for Prop Traders Looking for a Multi-Asset Platform: The Trading Pit
  • Best for Day Traders: FundedNext

Best Proprietary Trading Firms

With prop trading, the key to success is choosing firms that meet specific vital requirements like a low-fees structure, accessibility to a diverse market or tradable assets and trading platforms. The risk contribution, which determines the amount of leverage offered, should be reasonable, and so should the profit split. Benzinga’s top picks below are based on some of these criteria.

Best for Beginner Futures Traders: Apex Trader Funding

  • Read Review

    Best For:

    Beginner Future Traders

    securely through Apex Trader Funding's website

When you want to get into prop trading, it can be difficult to know where to start and which platform to choose. Using Apex Trader Funding helps you get into the futures trading space with a funded account for which you can qualify in as little as 7 days. You will trade mini or microcontracts in the evaluation period, and once the evaluation has been passed, you will move to a funded account and get paid for your trading skills.

Traders receive 100% of their first $25,000 earned per account with up to 20 accounts active at once and 90% after that, meaning this platform pays the most of any futures prop trading account. There are no daily drawdowns, you can trade on holidays and use your own system to get the best results.

Moreover, there’s no cap on payouts and you will see real-time data that can help you make the best decisions. Traders will use Rithmic or Tradovate, and can choose from one of several different accounts that will come with a particular number of contracts, a profit goal, trailing threshold and more. If you’re ready to enter the prop trading space, you can set up an account in moments with Apex Trader Funding.


  • The high first payout is a good way to get established and change your financial future
  • The high splits after the first payout help you remain in good financial standing as you grow your career


  • While you can get qualified quickly, this may not be the best option for every trader

Best for Undercapitalized Futures Traders: MyFundedFutures

  • Read Review

    Best For:

    Undercapitalized Futures Investors

    securely through My Funded Futures's website

Trading futures can be dicey and a difficult space to gain access. That’s why you can try MyFundedFutures, where you can get the capital and support you need, including:

  • 1-step evaluation
  • Trading resources and expert guidance
  • Risk management tools
  • Transparent and affordable fees
  • Competitive payout ratios
  • Fast withdrawals
  • Quality customer services

You can trade on a range of platforms and earn the ability to manage up to $600,000 in capital at a time, where the first $10,000 in profits is all yours. Profit splits are generally 90% otherwise and you gain access to the CME, CBOT, COMEX or NYMEX exchanges using Tradovate, NinjaTrader and TradingView.

When it’s all said and done, this is the most affordable prop trading platform out there.


  • With multiple platforms and exchanges, you can easily build a robust portfolio
  • The lack of consistency rules on certain accounts can help you grow your portfolio at your own pace
  • Access up to $600,000 in capital


  • You may want to trade something other than futures

Best for Stock Traders: Trade the Pool

  • Read Review

    Best For:

    Stock Traders

    securely through Trade The Pool's website

Founded in 2022, Trade the Pool using reputable risk management tools and ensures that traders have a place to trade that serves both parties rather well.

Most traders have an issue with getting into the markets because they lack the capital required to take risks and see massive returns.This is why traders turn to Trade the Pool. Trade the Pool does more than give you the funds you need to get into prop trading. Trade the Pool also:

  • Works for day traders, swing traders and prop traders
  • Support professional trader who need another place to work
  • Offers trading for stocks and CFDs
  • Offers support for inexperienced traders
  • Provides unlimited buying power
  • A 14-day free trial
  • Offers over 12,000 stocks and ETFs to trade
  • Educates users
  • Subscribes traders to several resources
  • Provides space for traders to hone their skills


  • Traders are wise to take advantage of the multiple resources offered through Trade the Pool because it helps you learn before you start actively trading
  • The long free trial gives you more than enough time to decide if this is the right platform for you


  • While the platform helps inexperienced traders, you need to make sure you’re ready to do this every day before trying to finish your evaluation

Best for Experienced and Beginner Forex, Indices and Metal Traders: The 5ers

  • Read Review

    Best For:

    Experienced and beginner forex, indices and metal traders

    securely through The5ers's website

The 5ers is a prop trading firm that makes it easy to access the prop trading marketand affordable to get started. On the platform, you can trade forex, metals and indices, pay as little as $95 for a demo account and get several benefits, including:

  • Instant trading access after passing the evaluation
  • Freedom to develop your own trading strategy
  • No subscription fees
  • MT5 trading
  • Profit splits up to 100%
  • Exclusive resources
  • Salary offers on some of the higher-stakes programs
  • Easy scaling options

You can visit their website today to set up your demo account and complete your evaluation. Using the 5ers is a good way to enter the prop trading market, change your fortunes and begin to make money on your own terms.


  • Because you can take up to 100% of your profits, you are incentivized to learn on this platform and perform well
  • If you are an excellent trader, you could flip this platform into what many would consider “a traditional job”


  • The lack of trading platform options might be an issue for some traders

Best for All Futures Traders: BluSky

  • Read Review

    Best For:

    All Futures Traders

    securely through BluSky's website

BluSky allows you to create a funded futures brokerage account that you can bring to full strength in as few as 2 days. There are several accounts to choose from, and you can access the capital you need because you already understand risk management and have an edge that you can use to build a strong portfolio.

You can earn profit splits starting at 80% and rising up to 90% the more you withdraw, and there are even custom offers for profit splits when your account has more than $100,000 in payouts. There are no complications when you withdraw your funds, and you get the full support of the platform so that you can invest with confidence.

Other benefits include:

  • Free 1-on-1 coaching
  • No consistency or minimum trading days
  • Works with Tradovate, NinjaTrader, TradingView and Rithmic
  • Connectsto the CME, CBOT, COMEX, NYMEX and EUREX
  • Free Discord server where you can learn from the community
  • Trading with robots is allowed


  • The integrations and availability allow you to diversify and trade more effectively
  • Because you can receive support and educational tools from the platform, you’re set up to succeed
  • The community is a good place to make friends and learn more about investing


  • You can only trade futures on this platform

Best for Seasoned and Undercapitalized Traders: Top One Trader

  • Read Review

    Best For:

    Seasoned and Undercapitalized Traders

    securely through Top One Trader's website

Getting into forex trading can be difficult for many traders because they need capital that will help them get started and a platform that will support their journey. When you come to Top One Trader, you can easily get both.

This prop trading firm allows you to use a 1 or 2-step trading evaluation (challenge) and flexible conditions to get $200,000 in funding that can be scaled up to $5 million when you are successful over a long period of time. The platform makes the whole process simple, easy-to-understand and increases the chances that you willb e funded.

There are no minimum or maximum trading days, and you can even try weekend or news trading. You can even use expert advisors, if you think that will help. Profit splits rise up to 90% on bi-weekly payouts, and you will even get a 100% refund of your challenge fee when you get your first payout.

If you’re ready to try forex, indices and crypto trading with low commissions, this is a great place to start and begin building your career.


  • Easy evaluation process
  • The range of funding is incredible for traders of all levels


  • Copy trading is not allowed

Best for Instant Funding: Instant Funding

  • Read Review

    Best For:

    Beginner Forex Traders

    securely through Instant Funding's website

Instant Funding offers a flexible and easy-to-manage platform that helps traders enter the funded account space, no matter their level of expertise. On this platform, you will enjoy:

  • Flexible evaluations
  • No minimum trading days
  • Weekly payouts
  • Up to 90% splits
  • Automated dashboard

Undercapitalized traders can obtain access to up to $200,000 in funding and up to $1.6 million via scaling. There are no time limits or daily drawdowns, and you can access leverage that goes up to 100:1. Quite a bit of support and educational material is available, and the customer service team is responsive across multiple channels.


  • Customer service is responsive and very helpful
  • You can access a lot of funding and high profit splits
  • There are several evaluations you can try


  • There are some restrictions that might cut into your strategy

Best for Experienced Traders: FXIFY

  • Read Review

    Best For:

    Experienced Traders

    securely through FXIFY's website

FXIFY is a new proprietary trading firm that offers access to up to $400,000 for those who pass the site’s assessment. With profit shares as high as 90%, you can scale your account up to $4 million.

If you’re intrigued, you simply need to decide if you want to complete the One-Phase or Two-Phase assessment. Review the terms and conditions of each assessment before beginning so that you know you’re taking the right path.

Trading is available on MT4 or MT5 and assorted trading platforms through the firm’s partnership with FXPIG.

When you trade on FXIFY, commission-free trading is the law of the land, allowing you to access stock indices, forex, precious metals, etc. There are relatively tight spreads, no trading restrictions, customizable leverage and more. Plus, you can use expert advisors or other automated strategies to get the best results.

With instant payouts, no consistency rules, unlimited trading days and a 125% refund on your assessment fee with your first payout, FXIFY is an attractive option for those looking to break into prop trading.


  • The excess fee refund helps traders gets off to a good start
  • Because you can access up to $4 million in funding, it’s much easier to grow as a trader


  • The platform could offer more funding with a higher profit split, but it requires quite a lot of scaling up to get the funding you might want

Best for Accelerated Trader Funding: SurgeTrader

  • Best For:

    Accelerated Trader Funding

    securely through SurgeTrader's website

SurgeTrader is one of the most prominent figures in the prop trading scene. When you want to invest with the massive funds available for a larger trading house, you can turn to a prop trading firm. SurgeTrader offers a range of benefits, including:

  • Quick trader funding after your evaluation
  • Quick account setup
  • Powerful educational tools
  • High profit shares (up to 90%)
  • Several account styles
  • A simple platform that’s easy to use

Turning to prop trading is a good way for you to learn, invest and grow your career. You can also make money if you know how to trade well and work well with the platform. Reach out SurgeTrader at any time for more information on prop trading.


  • Profit splits are higher than many competitors
  • You can set up your account and get to know the platform for starting your evaluation


  • Some traders might want to rush into trading, but it pays to take your time and learn as you invest

Best for Prop Traders Looking for a Multi-Asset Platform: The Trading Pit

  • Read Review

    Best For:

    Prop Traders Looking for a Multi-Asset Platform

    securely through The Trading Pit's website

At The Trading Pit, you can entire the funded trading space with help from up to $5M in funding and up to an 80% profit share. The process is simple, you can look into multi-asset trading of:

  • CFDs
  • Futures
  • Crypto (coming soon)
  • Stocks (coming soon)

There are also multiple account styles, including:

  • Lite—3 days of trading minimum, 90 day challenge periods, $1,000 profit target
  • Standard—3 days of trading minimum, 90 day challenge periods, $2,000 profit target
  • Executive—3 days of trading minimum, 90 day challenge periods, $5,000 profit target
  • VIP—3 days of trading minimum, 90 day challenge periods, $8,000 profit target

All you need to do is pass the challenge for your account type, and when you do, you will become a funded partner with $5 million in funding where you will keep 80% of your profits. With simple rules, easy setup, real learning tools and quick payouts, you can access the prop trading space in your own time.


  • The minimum number of days you need to trade is short, helping those who already know how to trade
  • Challenge periods help you spend time learning how to trade and how much profit you can make
  • Profit targets are reasonable and attainable


  • Prop traders may want to avoid CFDs because of their high level of risk and complexity

Best for Day Traders: FundedNext

  • Read Review

    Best For:

    Day Traders

    securely through FundedNext's website

Although a relatively new prop trading firm, FundedNext's 15% profit split offering at the evaluation stages distinguishes it from competitors. The idea is to reward traders handsomely for their efforts and commitment to learning. By opting for the most extensive evaluation package, you can access maximum funding of up to $300,000 (or $4 million with the scaling option). Available instruments include forex, commodities and indices, which you can trade via its partner brokerage platform — EightCap. FundedNext adopts two funding models — the evaluation model (funding model 1) and the express model (funding model 2).

The Evaluation model allows you to prove your expertise in two phases with realistic profit targets. In phase one of this model, you're required to hit a profit target of 10% within four trading weeks without any rules violation. On successful completion, you can kickstart phase 2, which requires meeting a profit target of 5% within eight weeks without violating any rules. The rules include a maximum of 5% daily and 10% overall drawdown. Once you achieve the target, you are funded and eligible for an 80% payout from your earnings. The payout can rise to 90%, depending on your performance.

In contrast, the Express model requires you to hit a profit target of 25% with no time limit. Similar drawdown rules as the evaluation model apply here, plus a mandatory 10 trading days per month. Once you achieve the Express target, you'll start trading a funded account with a 60% profit split which can go up to 90% depending on your performance.

For those who need more time, try the Stellar Challenge model, where there are no time limits, balance-based drawdowns and 15% profit splits.

Furthermore, suppose you maintain a consistent profitable performance. In that case, you become eligible for a 40% increase in account balance every four months, capped at $4 million in line with the company's scale-up plan. You can kick start your journey with FundedNext via three simple steps — pick a funding model, maintain consistency and get funded. You can download the FundedNext iOS and Android app for easier accessibility. The company's educational blog is valuable. For help, you can reach out to customer support via live chat, email, Discord, Telegram and Facebook.


  • Account increases can improve your confidence and earning potential
  • The lack of a time limit allows you to reach your first goal and get used to the platform
  • You get your payouts fast
  • The platform is available to those in over 195 countries
  • You can join their Discord to learn more and share with others


  • Some traders might prefer access to phone support

What is Prop Trading?

Prop trading occurs when financial institutions like brokerage firms and commercial and investment banks directly trade or invest in the equity market. Specifically, these institutions use their funds or capital to invest in or trade diverse financial instruments, including stocks, bonds, commodities, derivatives and currencies.

Besides earning commissions for processing trades for their clients, these institutions also profit through their direct and active investment in the financial market. Proprietary trading firms invest money in trading assets through their hired or trained professionals and experienced traders (or prop traders). Funding offers vary among companies but can range between $500 to a few million dollars.

Coaching, training or hiring expert traders makes sense since such professionals can trade more profitably by applying their expertise or strategies and using sophisticated modeling or trading tools and raw market information provided by the company. Since they earn commissions or profit splits, the professionals naturally strive to deliver maximum profitability by employing diverse strategies, including merger arbitrage, index arbitrage, global macro-trading and volatility arbitrage.

With the increased potential for profit maximization comes higher risk, especially considering that prop trading is relatively speculative and sometimes occurs via a range of derivatives or other complex investment vehicles. But the benefits can be substantial.

Benefits of Prop Trading

Prop trading is highly advantageous to both the firm and the prop trader. While the benefit for the firm is largely increased profit, the trader enjoys the following benefits.

Excellent Support

Due to the nature of the operation, proprietary trading firms often comprise a closely-knitted community of people. The implication is that traders are offered quick support, and issues are resolved timely, unlike retail brokerages.

Liquidity through Open Order

If you mainly trade in open positions, you're better off as a prop trader. The reason is that most prop firms allow you to open multiple orders simultaneously.

Market Accessibility for Undercapitalized Traders

Prop trading makes it easy for undercapitalized traders with requisite trading expertise to access and profit from the financial market. Proprietary accounts might be ideal if you've less than $10,000 in investment capital. The reason is that your buying power will trump anything you can get as a retail client.

Availability of Multiple Trading Platforms

Unlike retail trading, where you're essentially bound to whatever the retail firm offers you, prop trading allows you to choose your favorite trading platform from a long list of options.

Streamline Short Selling

For effective short selling, you first need to locate shares that are good candidates for shorting. This process might be challenging as a retail trader, especially as some equities may be on the threshold or hard to borrow and so unavailable for shorting. With prop trading, you can access a long list of shorting inventories.

Drawbacks of Prop Trading

Despite its benefits, prop trading can be disadvantageous. Some of the disadvantages are:

Potential for Loss of Capital

Compared to retail brokers, prop trading firms are highly under-regulated. While this means fewer operating costs, there's an inherent risk of losing your capital, especially if the principals are fraudsters. You must therefore do due diligence and invest only what you can lose.

High and Unaffordable Fees

Most prop firms require you to pay for the modeling and trading software, especially if you trade remotely. The monthly fee for most sophisticated trading software may be as high as $300. When you factor in other costs that may arise, you may have no alternative but to reconsider, especially on comparing with retail trading fees.

Mostly Lean Toward Day Trading

Prop trading leverage mainly applies in day trading. You may likely get different leverage for overnight positions than day trading. The implication is that, to a greater extent, prop trading is essentially day trading. Most prop firms do not permit overnight trading.

Intellectual Theft

If your strategy consistently delivers profitability, the prop firm may look for a way to decode your approach. For instance, they can piggyback your method and teach them to computers via machine learning.

Prop Trading: A Lucrative Career Path for Financial Traders

Prop trading is highly profitable since the prop trader has access to sophisticated modeling and trading tools and pools of market information that are vital in critical decision-making. If you have an excellent understanding of the financial market trends and can trade successfully, prop trading firms can accelerate your journey to financial independence. Undercapitalized professional traders can also tap into the opportunity provided by proprietary trading firms to reap a return.

Frequently Asked Questions


How much do prop trading firms make?


Prop trading firms make between 10% to 50% of each trader’s profits depending on the split profit.


How do prop trading firms make money?


Prop trading firms make money by taking a percentage share of each trader’s profit and account opening charges. They may also charge traders for training and expert coaching.


Who should try prop trading?


Prop trading can be a good idea for anyone who understands how to invest but doesn’t have the backing they need. Prop trading may also be a good idea for those who want to learn as they trade, but you must find a platform that allows you to learn and grow.

Best Prop Trading Firms in 2024 • Benzinga (2024)


Best Prop Trading Firms in 2024 • Benzinga? ›

The top futures prop firms are TopStepTrader, Jane Street, FTMO, 3Red Partners and The Trading Pit. Jane Street and 3Red Partners are very secretive about their fees and profit splits but they do offer some of the best technology and high-frequency trading.

What are the top 5 futures prop firms? ›

The top futures prop firms are TopStepTrader, Jane Street, FTMO, 3Red Partners and The Trading Pit. Jane Street and 3Red Partners are very secretive about their fees and profit splits but they do offer some of the best technology and high-frequency trading.

Which prop firm is the most trusted? ›

Best Prop Trading Firms 2024 - Reviewed by Experts
  • Topstep.
  • The 5%ers.
  • Earn2Trade.
  • SurgeTrader.
  • FTMO.
  • E8.
  • City Traders Imperium.
  • Fidelcrest.
Feb 2, 2024

What prop firm has the fastest payout? ›

Fastest Industry Payouts – MyFundedFutures has the fastest payouts in the futures prop trading space which has become more and more important with some of the other futures prop trading firms taking weeks to payout.

What is the success rate of prop traders? ›

According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time. While this result is not nearly as bad as the one discussed earlier, it still looks bleak for prospective prop traders.

Why is FTMO banned in US? ›

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

Is FTMO the best prop firm? ›

FTMO Investment Options

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

Do prop firms really pay out? ›

Yes, prop firms do pay. While there are some scams out there popping up everyday, reputable prop trading firms like True Forex Funds, FTMO,5%ers,FundedNext are legitimate and pay traders according to their profit-sharing agreements. As for True Forex Funds, I can vouch for their credibility.

Which prop firm has the lowest fees? ›

Best cheap forex prop firms
  • FTMO: evaluations starting at $399.
  • TopStepTrader: Challenges starting at $375.
  • T4tCapital: Flexible evaluation options starting at $299.
  • Funded Trading Plus: Starting at $25.
  • Earn2Trade: $99 Mini challenge.
  • True Trading Group: $49 evaluation with a $25,000 virtual account.
Feb 27, 2024

Are there any legitimate prop firms? ›

FTMO (previously known as MyForexUniverse) is one of the largest and best-known prop firms globally. Based in the Czech Republic, they provide funded accounts up to $400,000 to traders that can pass their evaluation.

Can you make a living trading for a prop firm? ›

Yes, as a funded trader with True Forex Funds, it is possible to make a living from prop trading firms. Proprietary trading firms, or prop firms, often provide traders with the opportunity to trade with the firm's capital, allowing them to access larger trading positions and potentially increase their profits.

What happens if you lose money in a prop firm? ›

Proprietary trading firms often provide evaluation accounts where you prove your trading skills. Usually, you pay a one-time fee to enter this "challenge." If you lose money during this evaluation, you won't owe anything beyond the initial fee.

How much does the average prop trader make? ›

Proprietary trader salaries typically range between $60,000 and $165,000 yearly. The average hourly rate for proprietary traders is $48.09 per hour. Proprietary trader salary is impacted by location, education, and experience.

How many people pass FTMO? ›

Around 10% pass

According to FTMO statistics, only about 10% of traders are able to pass the funded account challenge at any account level. This means approximately 90% of aspiring funded traders fail the evaluation and are unable to gain access to the firm's capital.

How stressful is prop trading? ›

Costs Prop trading comes with high fees, such as subscription fees, withdrawal fees, evaluation fees, and more. Emotional impact Proprietary trading can be very stressful, as you trade the firm's money instead of your own, and you need to account for your losses.

How hard is it to pass prop firm? ›

With the Prop Firm challenges, it's not just about failing or winning. You must be profitable and fulfill certain trading objectives which makes it even harder. Less than 1% of traders who attempt the challenge pass and get funded.

What is the best prop firm for futures trading? ›

Quick Look: Best Prop Trading Firms
  • Best for Beginner Futures Traders: Apex Trader Funding.
  • Best for Experienced Traders: FXIFY.
  • Best for Stock Traders: Trade the Pool.
  • Best for Experienced and Beginner Forex, Indices and Metal Traders: The 5ers.
  • Best for All Futures Traders: BluSky.

Which futures is most profitable? ›

What futures are most profitable? Trading in futures markets such as the Micro E-Mini Russell 2000 (M2K), Micro E-Mini S&P 500 (MES), Micro E-Mini Dow (MYM), and Micro E-Micro FX contracts can be highly profitable due to their distinct market characteristics.

Which futures are best to buy? ›

The Best Futures to Trade
  • Eurodollar Futures.
  • E-mini S&P 500 Futures.
  • Crude Oil Futures.
  • 10-Year Treasury Note Futures.
  • Micro E-mini S&P 500 Index Futures.

What are the most active futures markets? ›

Most Active
ESM24S&P 500 E-Mini1,130,905
NMM24Nasdaq 100 Micro1,032,864
ZTM242-Year T-Note698,463
ETM24S&P 500 Micro565,727
45 more rows

Top Articles
Latest Posts
Article information

Author: Wyatt Volkman LLD

Last Updated:

Views: 5317

Rating: 4.6 / 5 (46 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Wyatt Volkman LLD

Birthday: 1992-02-16

Address: Suite 851 78549 Lubowitz Well, Wardside, TX 98080-8615

Phone: +67618977178100

Job: Manufacturing Director

Hobby: Running, Mountaineering, Inline skating, Writing, Baton twirling, Computer programming, Stone skipping

Introduction: My name is Wyatt Volkman LLD, I am a handsome, rich, comfortable, lively, zealous, graceful, gifted person who loves writing and wants to share my knowledge and understanding with you.