Although Rithmic platforms only support their own data feeds, they are known to be the fastest and most reliable. When you’re trading through a futures prop firm, that’s what you want. Fast, reliable, and precise execution of your trades.
In this article, we’ll dive into the proprietary firms that support Rithmic platforms, like the R|Trader or the R|Trader Pro, and also scratch the surface about why this may be the platform you want to choose.
Let’s start with the list of prop firms with Rithmic.
List Of All Prop Firms With Rithmic (R|Trader)
Unfortunately, not all futures prop firms support this platform, but most of them do.
Here’s the list for any Rithmic R|Trader trader:
| Prop Firm | Profit Split | Cost | Max Balance | Rating | Review | Visit |
|---|---|---|---|---|---|---|
|
up to 90% | from $150/month | $150,000 | 4.9 |
Read review | |
|
90% | from $137/month | $300,000 | 4.8 |
Read review | |
|
80% | from $80/month | $300,000 | 4.6 |
Read review | |
|
up to 80% | from €99 | $5,000,000 | 4.6 |
Read review | |
|
90% | from $115/month | $250,000 | 4.3 |
Read review | |
|
80% | from $150/month | $400,000 | 4.1 |
Read review | |
|
up to 90% | from $26/month | $300,000 | 4.0 |
Read review |
How Should I Choose A Prop Firm With Rithmic?
The first step is done, you have the list of firms with Rithmic above. Now it’s time to choose.
To help you, I created this handy tool that compares prop firms. Simply choose the two firms you want to compare and see their features side by side.
Compare Any Prop Firm
What Is Rithmic and R|Trader?
Although their names frequently appear together, they are not exactly the same thing.
In a few words, Rithmic is a direct market access provider. It offers a data feed and an order execution platform with low latency. It’s used by many brokers, prop firms, and platforms to get real-time data and direct access to the markets.
R|Trader is a trading platform owned by Rithmic. It allows traders to access the low-latency data feed and execution services. It’s used to trade in the raw meaning of the word. To analyze charts, place orders, and manage trades.
How Is R|Trader Useful To Trade With Prop Firms
Prop firms that focus on futures markets are generally interested in having a low-latency execution platform and data feed. R|Trader was built by Rithmic specifically to support that need.
Here’s a list of reasons why R|Trader is a good fit for prop firm trading.
- Ultra-low latency: Since R|Trader is powered by Rithmic’s data feed, it has extremely low latency, which is crucial in the trading competitive world.
- High-speed execution: This is particularly important if you trade in a scalping style or even high-frequency trading. Fast execution will tend to reduce the risk of slippage.
- Advanced order types: No matter how complex is your strategy, the R|Trader platform supports multiple order types like stop orders, limit orders, trailing stops, and OCO orders.
- API access for algos: The Rithmic ecosystem offers the R|API+ that can be connected to your R|Trader platform. If you trade using algorithms, this system lets you access data in real-time, order routing, and provides a way to test, deploy, and refine your trading strategy. Just make sure your prop firm allows algo trading.
- Depth of Market (DOM) Tools: R|Trader provides level II market data, showing you the depth of the market and the bid and ask data in real-time. This is especially important for scalpers who need to make fast trading decisions based on what’s happening at that right moment in the markets.
Advantages Of Using R|Trader With A Prop Firm
- The low latency (again): This is the biggest advantage of the R|Trader platform combined with the Rithmic data feed. It’s one of the fastest feeds and order execution systems in the futures market.
- Risk management tools: When you are trading with a futures proprietary firm, you need to control your risk very closely, or you risk losing your account. When using R|Trader, you have risk management tools that let you manage the risk in real-time.
- Direct market access: Rithmic’s technology that supports R|Trader provides direct access to the markets. This allows prop firm traders to have direct access to exchanges, instead of going through an intermediary, like a broker.
Disadvantages Of Using R|Trader With A Prop Firm
- Limited charting and technical analysis tools: Unlike other platforms, it lacks a good amount of indicators and drawing tools that are used for technical analysis. If your strategy requires some complex analysis, you may find this Rithmic platform insufficient.
- Higher costs: R|Trader is known for its high quality, and low latency data. But this is not free, and it usually comes with a premium cost. If you are on a tiny budget you may want to seek a cheaper option to access the markets.
- Not so much user-friendly: If you’re starting with R|Trader you may find it’s not as intuitive as other futures trading platforms. It’s designed for speed and functionality, rather than ease of use. This may delay the start of your prop firm trading while you learn how to use the platform.
