Prop Firms That Allow EAs/Bots/Algos

Whether you don’t have time to trade, or you just want to be free and let your EA do the job for you, prop firms that allow EAs trading are a good solution for you.

Of course that you can do it with your own account, but trading capital from a proprietary trading firm may be much less risky and stressful.

In this article, you’ll learn what are the top best trading prop firms where you can use EAs, algos, or bots, and you’ll be able to compare them to choose the best one for your personal situation.

The Top 3 Best Prop Firms That Allow EAs

Let’s start with the list of the 3 best proprietary trading firms where you can automate your trading.

Other Interesting EAs Prop Trading Firms

These 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 Prop Firm

If you are undecided between two or more prop trading firms to put your EAs trading, 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 EAs Prop Trading Firms Chosen And Rated

The 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 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 funded account cost to apply and maintain.
• User Rating: How good the prop firm is rated by other users.

What Can Your EA Trade On A Prop Firm

It depends on the type of prop firm that you are using.

If you are using a Forex prop firm, typically, you can put your EA trading on any CFD product.

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.

If you are trading using a Futures prop firm, you can let your algo trade on CME Futures Assets. That includes CME, CBOT, NYMEX, and COMEX.

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

• Equity Futures
• Foreign Exchange Futures
• Agricultural Futures
• Energy Futures
• Interest Rate Futures
• Metals Futures
• Crypto Futures

How Big Are The Funded Accounts

The maximum prop firm’s funded accounts can go up to $10,000,000. That’s a lot of money to make your EA shine.

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

In any case, just make sure that your EA is running with proper risk management, and trading with safe lot sizes.

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 in the case of a Forex prop firm, or a substantial value between $5,000 to $10,000 in the case of a Futures prop firm.

What Trading Platforms Are Available To Run EAs?

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

• MetaTrader 4
• MetaTrader 5
• cTrader

In the case of a futures prop firm, you can put your algo running on with Ninjatrader, Rithmic, Bookmap, Agena Trader, Motive Wave, Photon, Collective2, InsideEdge Trader, Optimus Flow, ScalpTool, Medved Trader, Quantower, Trade Navigator, Overcharts, Sierra Chart, Volfix, TigerTrade, MultiCharts, QScalp, QST, TSLAB, and more.

Are Prop Firms Legit?

Yes, 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 Running EAs on Prop Firms

• You remove emotions from your trading.
• You don’t need to be the whole time on your computer.
• 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 Running EAs on Prop Firms

• Some challenges may be hard to pass, so you need to make sure that your EA will take the minimum number of days and/or minimum number of trades.
• You may need to pay for a VPS to let your EA run.
• 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