Introduction to selection of prop trading firms
Navigating the world of proprietary trading firms can be overwhelming, with numerous options catering to traders in futures, stocks, and forex markets. Prop trading firms provide traders with access to capital, advanced platforms, and tools to enhance their performance in exchange for a profit split. This guide offers a comprehensive comparison of the top prop trading firms, helping you choose the one that best aligns with your trading style and goals. Whether you’re a seasoned trader or a beginner, understanding the pros and cons of prop trading is crucial to making an informed decision.
3 Pros of Prop Trading
- Access to Capital: Prop firms provide significant trading capital, enabling traders to scale their strategies without risking personal funds.
- Structured Environment: These firms often offer mentorship, risk management tools, and training programs to support traders’ growth and discipline.
- Profit Sharing Model: With a profit-sharing model, traders retain a percentage of their earnings, which can be lucrative if they perform consistently well.
3 Cons of Prop Trading
- Profit Splits: A portion of the profits goes to the firm, reducing the trader’s take-home earnings compared to personal trading.
- Performance Pressure: Firms often have stringent rules, such as minimum profit targets or drawdown limits, which can add stress.
- Fees and Challenges: Many firms require upfront evaluation fees or challenge traders to prove their skills before funding, which can be a hurdle for some.
This overview delves into these aspects and offers insights to help you navigate the prop trading landscape effectively.
Prop trading firms by asset class and drawdown type
FUTURES
Instant Funding Futures
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Lucid Trading Direct Funding |
TickTickTrader Straight 2 Funding |
Tradeify Lightning Funded |
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Pricing for 150K account |
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| Account sizes | $50 | 150 K | $50 | 100 | 150 | 250K | $50 | 100 | 150K |
| Max position E-Mini | 4 | 10 | 5| 10 | 15 | 25 | 4 | 8 | 12 |
| Regular price | $489 | 699 | $629 | 699 | 999 | $375 | 549 | 629 | 699 |
| Drawdown | $2000 | 6000 | 5% End-of-Day | 4% ($6000) EoD |
| Daily loss limit | $1200 | 3600 | 2.5% ($3,750) | 2.5% ($3,750) |
| Consistency rule | 20% | 20% | 20% |
| Payout threshold | 7% | 5% | 6% |
| Profit split | 100% of first $1000, 90% after | 90% | 90% |
| RT-commissions e-micros | e-minis | $1 | $3.50 | $1.20 | $5 | $1.82 | $5.76 |
| Platform/Data feed | Project X (Quantower) | Rithmic | ProjectX CQG | Tradovate | Project X | Tradovate |
| EUREX | |||
| Microscalping allowed | Max. 50% of profit from trades < 5 seconds | Max. 50% of profit from trades < 10 seconds | |
| Based in | Albany, NY, USA | Isle of Man | Boca Raton, FL, USA |
| In business since | 2024 | 2022 | 2024 |
| Newstrading allowed | |||
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End of Day Drawdown (EoD) Challenge Futures without Activation Fees
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Code 30DISCOUNT
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Funded Next100K Rapid Challenge |
LMILiberty Market Investment |
My Funded FuturesSCALE Plan |
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EoD Plans |
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$
267
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| Funded account set-up fee | $0 | $0 | $0 |
| Profit target | $5000 | $6000 | $6000 |
| Max drawdown | $2500 | $3000 | $3000 |
| End-of-Day Drawdown | |||
| Daily loss limit in evaluation | No | - | - |
| Daily loss limit in funded account | No | $2000 | - |
| Consistency rule in eval | None | 50% | 50% |
| Consistency rule in funded | 40% | Review for prohibited activites | 40% |
| Days to pass eval | 1 | 2 | 2 |
| Days to get payout | 3 | Feature 2 | Feature 3 |
| Account sizes | 50 | 100 | 150K | 30-300K | 50 | 100 | 150K |
| Market data fees in funded account | - | CME Group: $13 per exchange/month | EUREX: €20/month | - |
| Datafeed payment | None | Deducted from account balance | $0 in Sim-Funded | $135 per exchange/month deducted from Live-Funded balance |
| Trading platform(s) | EliteX | VolSys | Quantower | ATAS | VolFix (1st month free in funded acct) | Tradovate | Ninjatrader | Quantower | Volumetrica | ATAS |
| Payout policy | 3 days | no buffer | 100% | 100% of first $30,000 | 90% thereafter | Every 5 winning days | 80% of first $11,250 | transition to Live thereafter |
| RT commissions | $0.74 e-micros | $2.80 e-minis for EliteX | $0.94 | 4.00 | $1.40 | 5.00 |
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Static Drawdown Challenge Futures - No Trailing or EoD Drawdown
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Elite Trader FundingZero Day |
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Pricing |
$
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| Trading platform | Rithmic | Tradovate |
| Account sizes | 10 | 25 | 50K |
| Profit traget | $1000 | 2000 | 4000 |
| Max loss | $2000| 3000 | 4500 |
| Max contracts | 1 | 2 | 4 |
| Monthly funded fee | $80 |
| Total from eval to funded | as low as $179 |
| Days to pass | 5 (1 day-to-pass add-on) |
| Payout policy | 100% | 8 trade days of profit +$200 |
| Active Trade Day (ATD) | $100 | 100 | 200 -> at least 23% of your best ATD |
| Maximum withdrawals per cycle | 50% of profit limited to $1200 | 2000 | 3500 |
| Minimum withdrawal | $200 |
| Swing trading allowed | Yes, you can leave trades open from 18:00 ET on Sunday until 16:00 ET on Friday. |
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Real-Time Trailing Drawdown Challenge Futures
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Apex Trader FundingCoupon Code SAVE90 |
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Pricing |
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| Trading platforms | Rithmic | Tradovate | WealthCharts |
| Account sizes | 25-300K |
| Profit target | $1500-20000 |
| Max loss RTT | $1500-7500 |
| Max contracts | 4-35 |
| Activation fee | $85 per month or lifetime $130-340 |
| Total from eval to funded | as low as $100 |
| Days to pass | 7 |
| Payout policy | 8 trade day (5 days of profit +$50) |
| Maximum withdrawals per cycle | $1500-3500 |
| Minimum withdrawal | $500 |
| Consistency rule | 30% |
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STOCKS
Self-Funded Equity Prop Trading Firms with Instant Leverage up to 50:1
ZIMTRANo PDT proprietary trading |
FONDEXXLeveraged Prop Trading |
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Leverage starting at |
10:1
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30:1
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| Min. performance bond | $1000 | $500 |
| Commission 0-250K | $0.0015/share | $0.003/share |
| Commission 250K-5M | $0.0010/share | $0.003/share |
| Trading platforms | BlackArrow Ultra, Sterling Trader Pro, DAS Trader Pro | Sterling Trader Pro/LS, DAS Trader Pro, Takion, Alpha Trader |
| Zero fee route available | Yes | No |
| Profit split | 90/10 | 90/10 |
| Payout cycle | End of calendar month | Anytime |
| Regulated by Financial Authority | Registered with the Cayman Islands Monetary Authority - Reg. No. 1597816 | No |
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Open account
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Open account
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Prop Trading Challenge for Stocks
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Trade the Pool Stock Trading Challenge |
The Trading Pit Challenge and Instant Funding |
Fondexx Instant Funded |
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Pricing for 150K account |
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| Account sizes | $50 | 150 K | $50 | 100 | 150 | 250K | $50 | 100 | 150K |
| Regular price | $489 | 699 | $629 | 699 | 999 | $375 | 549 | 629 | 699 |
| Drawdown | $2000 | 6000 | 5% End-of-Day | 4% ($6000) EoD |
| Daily loss limit | $1200 | 3600 | 2.5% ($3,750) | 2.5% ($3,750) |
| Consistency rule | 20% | 20% | 20% |
| Payout threshold | 7% | 5% | 6% |
| Profit split | 100% of first $1000, 90% after | 90% | 90% |
| Platform/Data feed | Project X (Quantower) | Rithmic | ProjectX CQG | Tradovate | Project X | Tradovate |
| Based in | Albany, NY, USA | Isle of Man | Boca Raton, FL, USA |
| In business since | 2024 | 2022 | 2024 |
| Newstrading allowed | |||
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No PDT-Rule Broker for US Stocks and Options with Starting Leverage of 6:1
HAMMER PROUltra-low commissions and rebates |
HAMMER LiteZero commissions |
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Commission 0-250,000 volume |
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zero
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| Min. deposit | $1000 | $0 |
| HAMMER Pro | $29.95/month | |
| HAMMER Lite | Free | |
| HAMMER Lite+ | 14.95/month | |
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Alaric Securities is authorized and regulated by the EU Financial Supervision Commission
FOREX / CFDs
Prop Trading Challenges and Instant Funding for FX and CFDs
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FundedNext Challenge and Direct Funding |
FundingPips Challenge and Instant Funding |
FXIFY Instant Funded |
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Pricing for 150K account |
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| Account sizes | $50 | 150 K | $50 | 100 | 150 | 250K | $50 | 100 | 150K |
| Zero Funding | |||
| Regular price | $489 | 699 | $629 | 699 | 999 | $375 | 549 | 629 | 699 |
| Drawdown | $2000 | 6000 | 5% End-of-Day | 4% ($6000) EoD |
| Daily loss limit | $1200 | 3600 | 2.5% ($3,750) | 2.5% ($3,750) |
| Consistency rule | 20% | 20% | 20% |
| Payout threshold | 7% | 5% | 6% |
| Profit split | 100% of first $1000, 90% after | 90% | 90% |
| Platform/Data feed | Project X (Quantower) | Rithmic | ProjectX CQG | Tradovate | Project X | Tradovate |
| Microscalping allowed | Max. 50% of profit from trades < 5 seconds | Max. 50% of profit from trades < 10 seconds | |
| Based in | Albany, NY, USA | Isle of Man | Boca Raton, FL, USA |
| In business since | 2024 | 2022 | 2024 |
| Newstrading allowed | |||
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Get 30% OFF now
Use code: ceed |
Start now with 35% off
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Claim 30% OFF
Use code: SEP |