Forex Prop Trading Firms Give You Risk Free Capital

Do you have enough buying power to make a living from daytrading?

While the cost benefit analysis of remote prop trading firms for futures and stocks showed that prop traders hardly get any tangible benefits over retail traders, the reality looks quite different when it comes to forex prop trading.

Available products when Trading Forex and CFDs

In general, you can trade spot forex pairs as well as commodity and index CFDs at forex prop firms. This means that  in addition to major currency pairs like EUR/USD and GBP/USD, you can also trade stock indices such as the Nasdaq 100 in the Asian overnight session, the German DAX in early European hours or Crude Oil and Gold around the clock.

 

Comparison of transaction costs and buying power

Fully embracing the opportunity of prop trading implies that you need to accept the drawback of the profit-split, which is okay if the potential benefits increase your odds of actually making a living with trading. Therefore, the main benefits we expect from a prop firm include significantly lower commissions – which lowers the break-even point of our strategies – and more trading capital compared to retail brokers measured as effective capital. Can forex prop firms deliver?

Round-trip transaction costs

Retail forex brokers that offer raw spreads usually charge a commissions around $7-8 per round-trip trade ($3.50-4.00 per side). As of August 2021, myforexfunds and FTMO offer $3 RT or $1.50 PS, which is more than 50% less than retail pricing.

However, since it is not clear to what extent orders are actually executed with a real counterparty at these firms, these published fees need to be taken with a grain of salt.

 

The only forex prop firm that provides full transparency in terms of order execution and broker relationships is LUX Trading with a RT-fee of $4.

Lux Trading Firm

Profit split and scaling plan

 

Evaluation model

Both MFF and FTMO offer the classical evaluation model with refundable registration fees where you need to pass a trading challenge to qualify for a live account. FTMO has a scaling plan in place, which increases the trader’s buying power in a four-month cycle with a required minimum return of 10% and two out of four months being profitable.
 

The respective profit-splits here are 70% at FTMO and starting at 75% at MFF reaching 85% going forward with the third profitable month.

NOTE: FTMO does not provide you with a real money account but reserves the right to copy your trades. Whether or not orders are executed in its master account at all is not clear.  MFF is unwilling to provide any proof for its claim of actual order execution or that real money is deposited in a trading account. 

This is why LUX Trading is compared in the Instant Funding section.

PLEASE SELECT BUYING POWER TO COMPARE
LOW
MEDIUM
HIGH
EVALUATION MODEL

Forex remote prop trading


Qualify for a prop account trading U.S. stocks
  • Live-account equity
  • Buying power in live account
  • Evaluation profit target Step 1|2
  • Max. loss Step 1|2
  • Max. days Step 1|2
  • Daily loss limit
  • RT Commission/lot
  • Profitsplit
  • Trading platforms
  • Effective capital
  • Special features


FOREX REMOTE PROP TRADING


Qualify for a prop account trading U.S. stocks
  • Live-account equity
  • Buying power in live account
  • Evaluation profit target Step 1|2
  • Max. loss Step 1|2
  • Max. days Step 1|2
  • Daily loss limit
  • RT Commission/lot
  • Profitsplit
  • Trading platforms
  • Effective capital
  • Special features


FOREX REMOTE PROP TRADING


Qualify for a prop account trading U.S. stocks
  • Live-account equity
  • Buying power in live account
  • Evaluation profit target Step 1|2
  • Max. loss Step 1|2
  • Max. days Step 1|2
  • Daily loss limit
  • RT Commission/lot
  • Profitsplit
  • Trading platforms
  • Effective capital
  • Special features
$84 PER ATTEMPT


Get started with approaching trading as a business
  • $10,000
  • $1,000,000 (100:1)
  • 8% | 5%
  • 12% | 12%
  • 30 | 60 days
  • 5%
  • $3
  • 75-85%
  • MT4
  • ($2,400 + 3,000) * 0.75 = $4,650
  • refundable fee, profit split after 3rd profitable month of 85%
$139 PER ATTEMPT


Get started with approaching trading as a business
  • $20,000
  • $2,000,000 (100:1)
  • 8% | 5%
  • 12% | 12%
  • 30 | 60 days
  • 5%
  • $3
  • 75-85%
  • MT4
  • ($4,800 + 5,000) * 0.75 = $7,350
  • refundable fee, profit split after 3rd profitable month of 85%
$299 PER ATTEMPT


Get started with approaching trading as a business
  • $50,000
  • $5,000,000 (100:1)
  • 8% | 5%
  • 12% | 12%
  • 30 | 60 days
  • 5%
  • $3
  • 75-85%
  • MT4
  • ($12,000 + 15,000) * 0.75 = $20,250
  • refundable fee, profit split after 3rd profitable month of 85%
155 PER ATTEMPT


Get started with approaching trading as a business
  • $10,000
  • $1,000,000 (100:1)
  • 10% | 5%
  • 10% | 10%
  • 30 | 60 days
  • 5%
  • $3
  • MT4, MT5, cTrader
  • ($2,000 + 3,000) * 0.8 = $4,000
  • refundable fee, 25% scale up every 4 months + 90% payout
250 PER ATTEMPT


Get started with approaching trading as a business
  • $25,000
  • $2,500,000 (100:1)
  • 10% | 5%
  • 10% | 10%
  • 30 | 60 days
  • 5%
  • $3
  • MT4, MT5, cTrader
  • ($5,000 + 7,500) * 0.8 = $10,000
  • refundable fee, 25% scale up every 4 months + 90% payout
345 PER ATTEMPT


Get started with approaching trading as a business
  • $50,000
  • $5,000,000 (100:1)
  • 10% | 5%
  • 10% | 10%
  • 30 | 60 days
  • 5%
  • $3
  • MT4, MT5, cTrader
  • ($10,000 + 15,000) * 0.7 = $20,000
  • refundable fee, 25% scale up every 4 months + 90% payout
Self-funded
$2KONE-TIME EQUITY DEPOSIT


Combine training with funding and save!

  • $2,000
  • $400,000 (200:1)
  • your own targets
  • your own rules
  • as long as you need
  • <5% of equity recommended
  • $7
  • it’s all yours for compounded account growth
  • TradingView, TraderEvolution, FIX API, Web, MT4
  • your own deposit (min. $200 AUD)
  • same level of transparency as institutional traders
$5KONE-TIME EQUITY DEPOSIT


Combine training with funding and save!

  • $5,000
  • $1,000,000 (200:1)
  • your own targets
  • your own rules
  • as long as you need
  • <5% of equity recommended
  • $7
  • it’s all yours for compounded account growth
  • TradingView, TraderEvolution, FIX API, Web, MT4
  • your own deposit (min. $200 AUD)
  • same level of transparency as institutional traders
$10KONE-TIME EQUITY DEPOSIT


Combine training with funding and save!

  • $10,000
  • $2,000,000 (200:1)
  • your own targets
  • your own rules
  • as long as you need
  • <5% of equity recommended
  • $7
  • it’s all yours for compounded account growth
  • TradingView, TraderEvolution, FIX API, Web, MT4
  • your own deposit (min. $200 AUD)
  • same level of transparency as institutional traders

Instant funding model

In contrast to FTMO, MFF only offers a scaling-plan in its Accelerated program for full-time traders, which starts at an incredibly low registration fee of $99. In return, you can earn real profits from day 1 and scale up quickly for every 10% in trading profit with a 50% profit split.
 
Although LUX Trading does not offer instant funding per se, it is rather a hybrid model with a 1-step evaluation and comparatively low 6% profit target. In addition, it offers more realistic max. drawdown criteria. Check out the comparison table below for more details.
 
Both programs allow profitable traders to scale-up quickly for hyper-accelerated account growth and income potential.
 

PLEASE SELECT BUYING POWER TO COMPARE
LOW
MEDIUM
HIGH
INSTANT FUNDING MODEL

Forex remote prop trading


Qualify for a prop account trading U.S. stocks
  • Live-account equity
  • Starting buying power in live account
  • Scale up milestone/factor
  • Max account equity
  • Max. drawdown
  • Time limits
  • RT Commission/lot
  • Profitsplit
  • Trading platforms
  • BP factor (higher=better)
  • Max drawdown factor
  • Broker
INSTANT FUNDING MODEL

Forex remote prop trading


Qualify for a prop account trading U.S. stocks
  • Live-account equity
  • Starting buying power in live account
  • Scale up milestone/factor
  • Max account equity
  • Max. drawdown
  • Time limits
  • RT Commission/lot
  • Profitsplit
  • Trading platforms
  • BP factor (higher=better)
  • Max drawdown factor
  • Broker
INSTANT FUNDING MODEL

Forex remote prop trading


Qualify for a prop account trading U.S. stocks
  • Live-account equity
  • Starting buying power in live account
  • Scale up milestone/factor
  • Max account equity
  • Max. drawdown
  • Time limits
  • RT Commission/lot
  • Profitsplit
  • Trading platforms
  • BP factor (higher=better)
  • Max drawdown factor
  • Broker
£299 ONE-TIME


Better algo order flow analysis = better trading results
  • Eval. $5,000 | Live $50,000
  • $500,000 (10:1)
  • 10% | 2x
  • 4% of account equity = $2,000
  • none
  • $4
  • TradingView, TraderEvolution, MT4
  • $500,000/$410= 1219
  • $2,000/$410 = 4.87
£399ONE-TIME


Better algo order flow analysis = better trading results
  • Eval. $10,000 | Live $100,000
  • $1,000,000 (10:1)
  • 10% | 2x
  • 4% of account equity = $4,000
  • none
  • $4
  • TradingView, TraderEvolution, MT4
  • $1,000,000/$550 = 1818
  • $4,000/$550 = 7.27
£499 ONE-TIME


Better algo order flow analysis = better trading results
  • Eval. $15,000 | Live $150,000
  • $1,500,000 (10:1)
  • 10% | 2x
  • 4% of account equity = $6,000
  • none
  • $4
  • TradingView, TraderEvolution, MT4
  • $1,500,000/$685= 2189
  • $6,000/$685 = 8.75
$485 ONE-TIME


Get started with approaching trading as a business
  • $10,000
  • $500,000 (50:1)
  • 10% | 1.5/2x alternating
  • $540,000
  • 5% of account equity = $500
  • none
  • $3
  • 50/50%
  • MT4
  • $500,000/$485= 1030
  • $500/$485 = 1.03
  • unknown
$970 ONE-TIME


Get started with approaching trading as a business
  • $20,000
  • $1,000,000 (50:1)
  • 10% | 1.5/2x alternating
  • $1,080,000
  • 5% of account equity = $1,000
  • none
  • $3
  • 50/50%
  • MT4
  • $1,000,000/$970= 1030
  • $1,000/$970 = 1.03
  • unknown
$2,450 ONE-TIME


Get started with approaching trading as a business
  • $50,000
  • $2,500,000 (50:1)
  • 10% | 1.5/2x alternating
  • $1,350,000
  • 5% of account equity = $2,500
  • none
  • $3
  • 50/50%
  • MT4
  • $2,500,000/$2,450= 1020
  • $2,500/$2,450 = 1.02
  • unknown
Self-funded
$2.5KONE-TIME EQUITY DEPOSIT


Combine training with funding and save!

  • $2,000
  • $400,000 (200:1)
  • your own scaling
  • up to your skill
  • your discretion
  • none
  • $7
  • it’s all yours for compounded account growth
  • TradingView, TraderEvolution, FIX API, Web, MT4
  • same level of transparency as institutional traders
$5KONE-TIME EQUITY DEPOSIT


Combine training with funding and save!

  • $5,000
  • $1,000,000 (200:1)
  • your own scaling
  • up to your skill
  • your discretion
  • none
  • $7
  • it’s all yours for compounded account growth
  • TradingView, TraderEvolution, FIX API, Web, MT4
  • same level of transparency as institutional traders
$10KONE-TIME EQUITY DEPOSIT


Combine training with funding and save!

  • $10,000
  • $2,000,000 (200:1)
  • your own scaling
  • up to your skill
  • your discretion
  • none
  • $7
  • it’s all yours for compounded account growth
  • TradingView, TraderEvolution, FIX API, Web, MT4
  • same level of transparency as institutional traders

Conclusion

The overall winner among Forex prop  trading firms is LUX Trading as it actually delivers on the promise of offering real tangible benefits to professional full-time traders:

For traders with sufficient starting capital we suggest our preferred partner broker Global Prime with fully transparent order execution:

September 1, 2021

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