Forex Prop Firms – The Best For 2024

Forex trading can be quite difficult, and when our account is small, it may be difficult to survive since we tend to risk too much to make a decent profit.

The solution that a lot of traders find is to apply to a forex funded account from a proprietary firm.

In this article, you’ll learn what are the top best forex trading prop firms and you’ll be able to compare them to choose the best one for your personal situation.

The Top 3 Best Forex Prop Firms

Let’s start with the list of the 3 best forex proprietary trading firms.

Other Interesting Forex Prop Trading Firms

These forex prop firms are not at the top 3, but are also interesting, and generally not really far away from the previous ones in terms of quality and services provided.

How Should I Choose A Forex Prop Firm

If you are undecided between two or more Forex prop trading firms, you can use our prop firm comparison tool. Just choose the firms that you want to compare and immediately check the results with a detailed comparison.

How Were These Forex Prop Trading Firms Chosen And Rated

The forex prop firms that appear here were rated based on different factors, which include:

• Difficulty: How easy it is to pass the prop firm challenges or evaluations.
• Futures platforms: The range of forex trading platforms available.
• Customer support: How fast and reliable the prop firm’s customer support is in solving your problems and answering your questions.
• Profit split: How much of the profits the prop firm shares with you.
• Instruments: How vast the range of instruments available to trade is.
• Cost: How much does a forex funded account cost to apply and maintain.
• User Rating: How good the forex prop firm is rated by other users.

What Can You Trade On A Forex Prop Firm

Typically, you can trade any CFD product with a Forex prop firm, you are not limited to forex currency pairs.

The instruments available in the vast majority of the forex proprietary trading firms are:

• Forex: All major, minor, and even exotic pairs are there if you are a Forex trader.
• Indices: Traded as CFDs, you have all the important indices available to trade including Dax, Nasdaq, Dow Jones, S&P500, FTSE, and others.
• Commodities: Natural Gas, Crude, and Brent Oil.
• Metals: Silver, Gold, and Palladium
• Stocks: On some prop firms you may have stocks available although the list is not big.
• Crypto: On some prop firms you have all the major cryptos available, like BTC, ETH, LTC, XRP, ADA, DOT, DOGE, and a few more.

How Big Are The Funded Accounts

The maximum Forex prop firm’s funded accounts can go up to $10,000,000.

These balances are only achieved after scaling though, after you get your initial account balance and keep trading without breaching any rule from the Forex prop firm.

These high balances can be misleading, it’s worth paying attention to the leverage provided by the Forex prop firm. Some provide high balances but very small leverage, which makes their accounts equivalent, in terms of buying power, to smaller accounts from prop firms that provide higher leverage.

How Much Is The Profit Split

For instant funded accounts, the profit split is not big, usually around 50%.

For funded accounts after a challenge, the payout is between 80% and 90%. This means that the Forex proprietary firm only keeps 10% to 20% of the profits that you made.

Besides that, it’s also normal that the trader gets 100% of the first profits which is usually equivalent to the fee that you paid to pass the challenge.

What Trading Platforms Are Available?

Most of these Forex prop firms give you access to the Forex market using CFDs. This means that you typically can use the most popular Forex trading platforms:

• MetaTrader 4
• MetaTrader 5
• cTrader

Are Forex Prop Firms Legit?

Yes, Forex prop trading firms are legit and exist as real companies.

If you read the individual review for each prop firm you’ll find more details about the company and how to contact them.

Advantages Of Forex Prop Firms

• You get access to a wide range of products, besides Forex currency pairs.
• You don’t need to risk your own capital to trade.
• You can get funded with big-sized accounts, so you don’t need to overleverage and gamble your small account to potentially make decent profits.
• You are forced to follow proper risk management rules.

Disadvantages Of Forex Prop Firms

• Some challenges may be hard to pass, and make you trade more than what you would normally do.
• The firm keeps a small part of the profits for them.

Learn More

• What is prop trading
• Prop firms comparison tool
• List of the best prop trading firms