Are you interested in forex trading but don’t have the starting capital? Don’t worry. Prop trading firms are there to help. Forex prop trading firms provide traders access to trading capital in exchange for a share of profits.
It’s a win-win – you get to trade with more money than you have in your account, and the firm makes money when you do. The key is finding the right prop firm for you. With so many options out there, how do you choose? We’ve researched to uncover some of the best forex prop trading firms.
Whether you’re a new trader looking to get started or an experienced trader wanting to take your skills to the next level, one of these firms could be the perfect match. Read on to get a better understanding of the best forex prop trading firms.
Top 5 Highest Paying Forex Prop Trading Firms
You have plenty of options when it comes to finding the highest-paying forex prop trading firms. However, some stand out from the crowd.
- Fidelcrest: Ideal for those who value comprehensive support and diverse trading conditions. They provide funding up to $200K with profit splits starting at 80/20. Fidelcrest also offers helpful resources for developing your skills.
- City Traders Imperium: Best overall – perfect for traders who prefer personalized approaches and strategies. They provide funding up to $500K and profit splits of 85/15. City Traders Imperium gives you the flexibility to trade your way.
- Elite Trader Funding: Optimal for high funding limits and low-risk parameters. They offer funding up to $1M and profit splits starting at 90/10. Elite Trader Funding has some of the industry’s most generous payouts and funding amounts.
- MyForexFunds: The go-to choice for those who prefer skipping rigorous evaluations. They provide funding up to $200K with profit splits of 80/20. MyForexFunds has a simple application process and gets you trading quickly.
- FTMO: Best for individuals seeking a robust platform with a well-established reputation and strong educational resources. They offer funding up to $100K and profit splits of 80/20.
Fidelcrest is one of the top proprietary trading firms for Forex traders looking to get funded. To trade with Fidelcrest’s capital, you’ll need to pass their evaluation.
Fidelcrest’s evaluation is split into the Trading Challenge and the Verification stage. In the Trading Challenge, you’ll need to hit a 10-20% profit target (depending on account type) over 10-15 trading days. If you pass, you move on to the Verification stage. Here, over 5-10 days, you must earn 5-10% (again, depending on the account).
The key is using a consistent strategy in both stages as conditions change. Fidelcrest wants to see if you can adapt to whatever the market throws. Some tips for passing:
- Trade cautiously at first as you learn Fidelcrest’s system
- Follow your proven strategy, and don’t second-guess yourself
- Review your trades each day to identify any weaknesses
- Ask questions if you get stuck; Fidelcrest support is there to help
You’ll pay an upfront fee to access Fidelcrest’s platform and trading capital. Fees range from €99 for a €15,000 account up to €3,499 for a €500,000 aggressive account. If you pass the evaluation, your fee is deducted from your profits.
The potential rewards of funding Fidelcrest are huge. Traders keeping over 70% of profits and earning a salary are common. Many eventually become fully funded traders, trading entirely with Fidelcrest’s capital. With the right mindset and strategy, you could join their ranks.
City Traders Imperium
City Traders Imperium is a prop trading firm based in London that provides funding, training, and support for forex traders. Founded in 2018 by Daniel Martin and Martin Najat, CTI offers up to 100% profit shares for traders who pass their evaluation programs.
CTI focuses on finding and developing top traders. They offer tailored funded accounts, emphasizing risk management and providing a supportive trading community. CTI is compatible with most major trading platforms and provides clear metrics to track your performance.
CTI offers two evaluation programs for new traders:
- The Day Trading Challenge: For £109 to £479, you can take this 90-day, two-phase challenge. Prove you have what it takes to become a funded trader.
- Evaluations: For £109 to £659, you can take the Classic or Standard evaluation. Demonstrate your skills and get funding.
CTI also provides direct funding for £1,059 to £3,649. Their emphasis on risk management, transparency, and education shows a commitment to helping traders succeed. However, a 100% profit share can be hard to achieve.
If you’re looking to become a professional forex trader, CTI is worth considering. With tailored programs, dedicated support, and the potential for high-profit shares, this prop firm allows you to trade, learn, and grow.
Elite Trader Funding
Once you’ve proven your skills in Elite Trader Funding’s evaluation, you’ll qualify for their generous profit split. As a funded trader, you’ll keep 80% of all profits.
Elite Trader Funding offers traders a lot of flexibility. You can choose from several evaluation types based on account sizes from $10K up to $300K. Each type has its balance, maximum trading days, profit target, and drawdown limits. If you hit the max drawdown, you can pay a small $75 fee to reset your evaluation and start over.
Elite Trader Funding is focused on trader success. They allow you to prove yourself in simulated trading conditions. If you meet their profit targets within the maximum trading days and stay within drawdown limits, you’ll qualify for funding to trade live markets.
Once funded, you’ll have access to their trading platforms and tools. You can trade whatever markets and use whatever trading strategies you want if you stay within their risk limits. Elite Trader Funding allows traders to turn their skills into profits while avoiding many risks of trading their capital.
For forex traders looking for the best prop trading firms, Elite Trader Funding offers a trader-centric approach, flexible evaluations and funding options, and a generous profit split that’s hard to beat. If you have the skills to trade profitably, they provide an attractive opportunity to trade with someone else’s money.
MyForexFunds is a prop trading company providing funding for forex traders worldwide. They offer an accelerated program where traders can prove their skills and get a funded account.
To get started, you pay a one-time fee and choose an evaluation account from $5,000 to $300,000. MyForexFunds offers three trading options. These are:
- Rapid Account Program
- Forex Funded Account Evaluation
- Accelerated Program
MyForexFunds is built for:
- Experienced Traders
- Beginner Traders
- Traders wanting high-profit shares
Some key benefits of MyForexFunds include but are not limited to:
- Wide account sizes
- Good profit split
- Flexible trading strategies
- Supportive community
MyForexFunds lets you trade your way. You can use any style or strategy to meet their targets. They offer guidance and a community to help you succeed.
With account sizes for all skill levels and fair profit shares, MyForexFunds allows forex traders to do what they do best. If you’ve got the skills and motivation, they provide the means to take your forex trading to the next level.
FTMO is one of the top proprietary trading firms for forex traders looking to trade with significant capital without risking their funds. They offer funded forex prop trading accounts ranging from $40,000 to $2M, depending on which FTMO challenge you complete.
To get funded, you need to pass FTMO’s two-step evaluation process. First is the FTMO Challenge, where you trade a demo account for ten days to show you can generate profit while following their rules. If you pass, you move onto the Verification stage with a live funded account for ten more days.
- The Challenge costs between €155 to €1,080, depending on the account size. If you pass Verification, you get to keep trading the live-funded account.
- Funded accounts range from $40,000 up to $2M, with the potential to increase in size as you continue trading profitably.
- FTMO provides useful tools like Account MetriX, Account Analysis, a Statistical App, Trading Journal, Mentor App, and Economic Calendar to help set you up for success.
Why Trade with FTMO?
- Trade with substantial capital without risking your own money.
- Receive a generous profit split – up to 90%, depending on your account size.
- Gain valuable experience trading larger sizes in a professional environment.
- Trade over 50 currency pairs and gold on the popular MetaTrader 4 platform.
- FTMO is a reputable firm, having funded over 1,000 traders and paid over $30M in profits.
If you’re an experienced forex trader looking to take your skills to the next level, FTMO could be the perfect solution. Their unique funding model allows you to focus on what you do best – trading – while they provide the capital and tools to help you succeed.
Overview of The Best Forex Prop Trading Firms
Prop firms are a great way to gain valuable experience trading forex with professional tools and large amounts of capital without risking your money.
The top forex prop trading firms provide funding for traders they believe have skill and potential. They allow you to trade with their capital while keeping a share of the profits. This means you can earn a good living as a trader without huge starting capital.
These firms typically have evaluation periods where they assess your skills before providing a funded account. If you can prove you have an edge in the markets during their evaluation, you’ll gain access to an account with a balance of $50K-$200K to trade with while keeping a large portion of the profits.
The opportunity to trade with significant capital and earn a great income as you build your track record makes prop trading firms an exciting path for new and experienced forex traders alike. All you need is skill, discipline, and the drive to succeed.