When MetaTrader at some point was banned from prop firms, Match-Trader appeared as a natural replacement. And it was a success.
Although MetaTrader is back to prop firms, Match-Trader kept its place and a lot of traders still use this platform to pass their challenges and trade their funded accounts.
Today, we’ll look into proprietary firms that have the Match-Trader platform available to trade and why it makes it a potential good solution.
Let’s start with the list.
List Of All Prop Firms With Match-Trader
Here’s the list of the forex prop firms that give you access to the MatchTrader platform:
| Prop Firm | Profit Split | Cost | Max Balance | Rating | Review | Visit |
|---|---|---|---|---|---|---|
|
up to 100% | from $119 | $2,500,000 | 4.8 |
Read review | |
|
up to 80% | from $99 | $6,400,000 | 4.7 |
Read review | |
|
up to 100% | from $33 | $400,000 | 4.5 |
Read review | |
|
up to 80% | from $55 | $3,000,000 | 4.2 |
Read review | |
|
up to 90% | from $129 | $1,500,000 | 3.0 |
Read review |
How Should I Choose A Prop Firm With Match-Trader?
I understand it may not be easy to choose a prop firm. What may be a good one for a particular trader, may not meet the requirements for another trader.
One thing that can help you to choose is to compare the prop firms.
You can use this handy tool that I coded. Select the two firms you want to compare and check what they offer.
Compare Any Prop Firm
What Is Match-Trader?
Match-Trader was built as a forex trading platform but gained a lot of popularity when it started to be used in the prop trading industry.
We can say it’s a MetaTrader competitor.
Match-Trader wins for its charts, using TradingView charts, modern architecture, and designed with mobile-first users in mind.
On the other hand, it lacks the huge library of third-party tools, indicators, and EAs that MetaTrader has.
How Is Match-Trader Useful To Trade With Prop Firms
It all starts with customization and branding. It’s easy for prop firms to customize the platform according to their branding and needs.
Probably that isn’t very important for you as a trader, so let’s move on.
Let’s talk about the technology. Match-Trader is a high-performance trading platform, with fast execution speed and flexibility. You don’t need multiple separate applications. It’s optimized for web, desktop, and mobile.
It’s also easy to use. This is particularly important if you are in a rush to start your prop firm challenge. The interface is highly intuitive and user-friendly.
It’s cheaper for brokers and prop firms. Although forex trading platforms are often “offered” to you at no cost, the prop firms must pay for them. We can consider that its cost is included in the evaluation’s price. Match-Trader has a competitive pricing model, making it accessible especially for smaller firms. This will result in lower costs for you when you buy the challenges.
Advantages Of Using Match-Trader With A Prop Firm
Let’s talk about the advantages of using this platform for your challenge or funded account. This is what I like about Match-Trader:
- Good trading experience: The interface is user-friendly, clean, and modern, reducing potential trading errors. The learning curve is pretty fast too.
- Risk management features: Your key metrics, like drawdown and profit, are clearly displayed on the platform. It also has built-in position sizing tools, and options to quickly open and close trades.
- Makes it simple to follow the rules: You can track the firm trading rules automatically. It’s easy to monitor the drawdown limits. It has trading hour restrictions built-in, and the position size limits are visible.
- Technical features: You can access the platform from anywhere since it’s web-based. It’s relatively easy to trade on mobile. The chart tools are smooth, and it’s fast to open and close orders.
Disadvantages Of Using Match-Trader With A Prop Firm
Now I also want you to know things about this platform that could be improved to make this platform a better option.
- It’s not available widely: Only a few prop firms support it, which gives you fewer options to choose from. If you want to trade with other prop firms at the same time, you may need to learn how to use other platforms too.
- Limited customization: It has fewer indicators than other platforms. The automated trading options are kind of limited as you can’t even create custom scripts.
- Resources and community: Since this platform is not as available as others, the community of traders who use it is small. There’s also less educational material and online resources available.
