Forex Prop Trading Firm, fund your account, let you execute your trading strategies, and allows you to split the Profit. You need to pass an evaluation in most firms to qualify. Forex is the world’s second-largest marketplace after the stock market. A good trader can make quick and sizeable profits by trading on short-term currency trends.
I’ve researched over 30 Forex firms, focusing on trading rules, initial funding, and evaluation period. Here’s my curated list of top Forex traders, including pros, cons, key stats, and links.
Best Forex Trading Firms for Instant Funding
#1 Best Overall
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| Name | Fidelcrest | TopStepTrader | OneUp Trader | FTUK |
| Initial Balance: | up to $1 million | 200k buying power for $125 monthly. | $25,000 upto $250,000 | $14,000 |
| Forex Pair Supported: | EURUSD, EURJPY, GBPUSD, GBPJPY, AUDUSD, CHFUSD, AUDCHF, EURGBP, NZDJPY, etc. | EUR/USD, XAU/USD, XAG/USD, AUD/USD, NZD/USD, GBP/USD | EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF and NZD/USD | EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF, etc. |
| Profit Split: | Up to 90% | Up to 50% | Up to 90% | Up to 80% |
| Link | Learn More | Learn More | Learn More | Learn More |
1) Fidelcrest
Best for crypto experts
In my experience, Fidelcrest stands out for enabling traders to retain 80% to 90% of profits. Since its inception in 2018, it has offered comprehensive courses that pave the way for sustainable long-term profits. I’m impressed by its swift evaluation program, which facilitates managing up to a million in prop trading firm capital.
The platform is straightforward, with minimal objectives and clear rules, free from recurring or hidden fees. Additionally, we appreciate the flexibility in starting the trading period upon opening a position, with a 60-day window to demonstrate prowess.
Features:
- Trading: Fidlecrest lets you hold positions even on weekends and overnight. It allows you to open accounts automatically and openly. This platform offers raw spreads that start from 0 pips and 0 commissions.
- Rates: Its leverage rates are up to 1:100, which applies to all traders. Fidlecrest pays 40% profit if you pass the phase 2 exam and provides 10 minimum trading days. You also get a fair profit split up to 90% always.
- Instruments: Its traders can trade 175+ products with spreads and commissions. Some of the products are Forex, metals, stocks, commodities, and others.
- Account analysis and automation: It has proprietary software that helps track trading objectives and progress. You also get automated monitoring 24/7 that makes account metrics available in the trader area.
- Support: Its support is available in Europe, Asia, the Americas, and Africa.
- Forex pair supported: EURUSD, NZDJPY, GBPUSD, EURJPY GBPJPY, AUDUSD, AUDCHF, CHFUSD, EURGBP, etc.
Pros
- It lets in newer traders with low funding.
- There are no limits on instruments or volumes traded.
- It offers a profit of up to 5% to 20% of your initial account balance.
- Fidlecrest has unlimited free entries.
Cons
- The technical support may not be available on Saturdays and Sundays.
- The phase 2 verification stage is quite tough.
Pricing:
Fidelcrest offers the following pricing options for its trading programs:
| Name | Pro Trader Normal | Pro Trader Aggressive |
|---|---|---|
| Initial Capital | $100,000 | $200,000 |
| Maximum Calendar Days | 60 | 60 |
| Maximum Loss | 5% | 5% |
| Risk | Normal | Normal |
| Price | $1299 | $2199 |
Profit-sharing Up to 90%
2) TopStepTrader
Best for Forex & Futures traders
In my expert view, TopStepTrader, established in 2012, excels as a prop trading firm, offering day traders real-time simulated accounts to gauge their performance. Without requiring a capital contribution, traders who pass the evaluation receive a firm-backed account to trade forex, marking it as a standout choice.
Features:
- Trading Combine Program: TopStep’s Trading Combine is an experiential learning and evaluation program for futures traders. It allows them to grow and test their skills in simulated markets before trading live.
- Flexible Daily Loss Limit: Traders benefit from a flexible daily loss limit, ensuring risk management and discipline in their trading activities.
- Range of Futures Contracts: TopStep provides traders with various futures contracts to trade, including popular options like E-mini S&P 500, NASDAQ 100, Crude Oil, Gold, and more.
- Scalable Funding Model: The platform offers a scalable funding model that accommodates traders of various experience levels, allowing them to access trading capital based on their performance.
- Educational Content: TopStep supports traders through educational content that enhances their trading knowledge and skills, preparing them for professional trading opportunities.
- Community Support: Traders benefit from a supportive community that encourages knowledge sharing and continuous improvement, fostering a collaborative environment for growth.
- Transparent Pricing: TopStep prides itself on transparent pricing, ensuring that traders understand the fees and costs associated with their trading activities.
- Realistic Trading Environment: The platform’s trading conditions are constructed to simulate real markets, providing traders with genuine risk and reward scenarios to prepare them for professional trading opportunities.
- Advanced Features: TopStep equips traders with advanced features like detailed analytics on trading performance, insights into maximum drawdown patterns, and tools for calculating daily loss limits and maximum position sizes.
- Choice of Trading Platforms: TopStep Traders can access leading trading platforms such as NinjaTrader and Quantower, offering advanced features for precise market analysis and effective trade execution.
Pros
- Choose 1:1 coaching, group coaching, or both!
- Personalized stats and tips are provided to improve performance.
- It helps you to understand your performance and helps you to grow.
Cons
- The company doesn’t provide bonuses, automated Trading, or other passive income options.
- Their support service works only on weekdays during set hours.
Pricing:
TopStep Trader offers various pricing options for its trading programs, some of which are listed below:
| Buying Power | $50k | $100k | $150k |
|---|---|---|---|
| Profit target | $3000 | $6000 | $9000 |
| Max Position | 5 contracts | 10 contracts | 15 contracts |
| Maximum Loss | $2000 | $3000 | $4500 |
| Price | $49 | $99 | $149 |
Free Trial: Topstep offers a 14-day free trial with $150,000 in virtual money before committing to a monthly subscription.
Profit-sharing Up to 50%
3) OneUp Trader
Best Overall
In my extensive experience, OneUp Trader stands out as a premier funded trader program in the U.S., benefiting many worldwide. This Forex trading prop firm is transparent, with no hidden or data fees. After passing their 1-Step Evaluation, traders can retain up to 90% of profits, earning real money.
Features:
- Flexible trading: There are no restrictions on trading styles, and it supports all strategies. It also comes with news-based trading and includes easy-to-understand rules.
- High Payout Ratio: Fast-Track your success with a quick start bonus. Funded traders keep 100% of their first $10,000 profits for the 90% split option.
- Simplified Funding: Achieve simple, fair and attainable funding goals. No fine print, no hidden fees or grey areas.
- Trailing Drawdown: The Trailing Drawdown will increase at a defined distance as your account balance increases.
- Forex pair supported: EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF and NZD/USD etc.
Pros
- No data fees or hidden fees
- FREE and unlimited profit withdrawals from day 1
- No Daily Drawdown
Cons
- The firm requires traders to put a stop-loss on each trade.
- During OneUp Trader audition, in the event of a hard breach account access will be revoked.
Pricing:
OneUp Trader offers a range of pricing options based on different account sizes and profit split percentages:
| Buying Power | $20k | $50k | $100k |
|---|---|---|---|
| Profit split | 90% | 90% | 90% |
| Price | $125 | $150 | $300 |
| 50% profit split Percentage Price | $105 | $120 | $240 |
Free Trial: OneUp Trader offers a 7-day free trial for traders with a $100,000 practice account and full access to all features.
Profit-sharing 90%
4) FTUK
Best for high rewards
In my professional view, FTUK excels by offering an instant funding and evaluation program for Forex traders. We can scale our balance by opening an account and hitting a set profit target. Completing their program rewards traders with 50-80% profit splits and a chance to double the account balance.
Features:
- Remote Trading: Traders can access the platform remotely from anywhere worldwide, providing flexibility and convenience in trading activities.
- Instant Funding: Traders have immediate access to live funds upon joining FTUK, allowing them to start trading with the firm’s capital from day one.
- Proprietary Trading Experience: Traders can bring their trading skills and trade with company capital, with FTUK taking liability for any trading losses incurred.
- Augmented Growth Program: FTUK’s Augmented Growth program is designed for fast, profitable scaling. It doubles traders’ monetary funding each time they hit a milestone.
- Profit Sharing: Traders keep 80% of their profits while trading with FTUK’s capital, providing a fair deal for successful trading performance.
- Maximum Funding: Traders can scale up to trade up to $5,760,000 of the company’s capital without risking personal funds.
- Supportive Community: FTUK fosters a supportive community where traders receive advice from senior traders, training courses, and mentorship to enhance their trading skills and success.
- Transparent Pricing: The platform offers a one-time payment structure without monthly fees or additional costs, ensuring clarity and simplicity in pricing.
- Leverage and Risk Management: Traders benefit from leverage of up to 1:100, enabling them to make significant returns with discipline. Risk management features include absolute drawdown limits and fixed equity stop-out levels.
- Global Accessibility: With traders from over 130 countries funded by FTUK, the platform provides a global network to access reliable funding options and transparent operations.
- FX Pairs Supported: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF, AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, etc.
Pros
- No minimum trading days
- Single-phase evaluation process
- Fast payment procedures
Cons
- It offers low leverage 10:1 & 30:1
- Only 1.5% Max stop loss risk limit on low-risk account types
Pricing:
The pricing structure for the FTUK trading platform is as follows:
| Plan Name | Evaluation | Instant Funding |
|---|---|---|
| Buying Power | $14k | $14k |
| Target | 10% | 10% |
| Absolute Drawdown | 8% | 8% |
| Profit split | 80% | 80% |
| One time payment | $125 | $200 |
Profit-sharing Up to 80%
5) FTMO
Best secure funded trading platform
In my experience, FTMO’s Forex Fund Trading Program provides substantial capital, enhancing leverage for profitable trading. Profits are then fairly split between us and the Proprietary Firm, establishing FTMO as a top choice for skilled traders.
Features:
- 2-Step Evaluation Process: FTMO has developed a 2-step Evaluation Process to identify trading talents, allowing successful candidates to receive an FTMO Account with a balance of up to $200,000.
- Choice of Trading Platforms: FTMO offers its clients a selection of popular trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and the new DXtrade web platform. These platforms provide traders with diverse options to suit their preferences and trading styles.
- Robust and Reliable Solutions: The platforms offered by FTMO are robust and reliable, catering to the needs of most traders and ensuring a seamless trading experience.
- MetaTrader 4 and MetaTrader 5: MetaTrader 4 has been a popular choice among forex traders for its long-standing presence and user-friendly interface, while MetaTrader 5 has seen significant growth in user numbers within FTMO, indicating a rising preference for this platform.
- cTrader Platform: Despite being the newest platform with a modern look and feel, cTrader has garnered interest among FTMO clients, with a growing number of users showing interest in this platform.
- DXtrade Web Interface: FTMO introduced the DXtrade web interface in November 2023, expanding clients’ options and providing an additional alternative for traders looking for a user-friendly and efficient trading experience.
- Client Interest and Growth: FTMO’s client interest in the platforms offered continues to grow, with significant increases in clients using MetaTrader 5 and cTrader platforms since 2020, reflecting the platforms’ appeal and functionality.
- FX Pairs Supported: EURUSD, GBPUSD, GBPJPY, USDCAD, and AUDUSD
Pros
- Single Payment and no monthly subscriptions
- Simple trading rules and account limits
- Offers unlimited time to complete
Cons
- Weekly Loss Limit is only USD$500
Pricing:
The pricing structure for the FTUK trading platform is as follows:
| Data | Details |
|---|---|
| Initial Fee | The minimum initial fee to start trading with FTUK is £119. |
| Scaling Limit | Maximum of $5,760,000. |
| Profit Split | Up to 80%. |
| Maximum Allowable Drawdown | 5% |
Free Trial: It also offers a free trial of 14 days.
Profit-sharing 90%
6) Traders4Traders
Best for larger accounts
I’ve found Traders4Traders offers excellent opportunities for those looking to profit in forex markets. Their risk-free evaluation, comprehensive trading resources, and advanced tools equip us for success. With a single payment and no monthly fees, plus unlimited time for profit targets, my experience has been overwhelmingly positive.
Features:
- Trader Funding: Traders can access funding ranging from USD$100,000 to $1,000,000 through a practical assessment challenge, allowing them to trade live accounts and potentially scale up to higher levels based on performance.
- Educational Resources: The platform provides a suite of training programs, from beginner to advanced levels, offering interactive educational courses to equip traders with a deep understanding of financial market dynamics and essential trading skills.
- Diverse Trading Instruments: Traders can access various trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies, allowing for portfolio diversification and flexibility.
- Structured Path to Success: Traders4Traders offers a structured path to success, providing clear milestones and goals for traders to achieve, ensuring a guided journey toward profitable trading.
- Risk Management Emphasis: The platform emphasizes sound risk management strategies, with specific trading rules and account limits, to manage risk effectively and sustainably.
- Fast Scaling Program: Traders can quickly scale up their trading accounts based on performance, allowing experienced traders to progress efficiently through different account levels.
- Real-Time Insights: Traders receive real-time insights into financial markets, supporting a spectrum of trade ideas suitable for seasoned traders and beginners.
- FX Pairs Supported: AUDCAD, AUDCHF, AUDCNH, AUDHKD, AUDJPY, AUDNZD, AUDSGD, AUDUSD, CADCHF, CADJPY, CADSGD CHFSGD, CNHJPY, EURAUD, EURCAD, EURCHF, EURDKK, EURGBP, EURHKD, EURJPY. EURMXN EURNOK.
- Refundable Registration Fee: Yes, traders can request a refund of this fee once they have achieved a certain profit level, typically at least 2.5% profit. The refundable sign-up fee can be withdrawn once the trader meets the specified profit threshold.
Pros
- Single Payment and no monthly subscriptions
- Simple trading rules and account limits
- Offers unlimited time to complete
Cons
- Weekly Loss Limit is only USD$500
Pricing:
The Traders4Traders platform offers a range of pricing options based on account sizes and evaluation fees:
| Evaluation Size | Evaluation Fee |
|---|---|
| $400,000 | $2,000 |
| $1,000,000 | $5,000 |
Free Trial: Traders4Traders offers a free 14-day trial of their “Live Trading Desk,” providing traders with the opportunity to experience the platform’s features and functionality firsthand.
Profit-sharing Up to 80%
How to Choose the Best Forex Trading Firm?
Here are points that you need to consider for selecting the Best Forex Trading Firm:
- It is important that you do the proper research and find a forex trading firm with a good reputation.
- You should also consider the company’s history, client testimonials, and team size.
- Look for a Forex prop trading firm that has been in the business for a long time and has a good track record.
- You should consider the company’s financial strength and the level of experience of its employees.
- You should opt for a firm that provides comprehensive forex trading education.
- You need to make sure that your selected firm should answer any questions regarding the forex trading process.
- You need to consider the fees and commissions that the firm charges.
The Verdict
In this analysis, we showcased a selection of Best Forex Trading Prop Firms. Here is our verdict to support you in making your ultimate choice.
- Fidelcrest: Platform offers clarity, simplicity, and flexible trading with no hidden fees.
- TopStepTrader: TopStepTrader shines in prop trading, offering simulation and firm-backed accounts without capital needed.
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