In the top list below, you’ll find my conclusion based on my analysis of the top forex prop trading firms. I’ve focused explicitly on thoroughly reviewing and testing prop firms that offer their traders the best conditions, tools, and features to successfully trade in foreign exchange markets. I also analyzed the positive and negative opinions of traders across multiple sources to learn from their experiences.
Discover the best forex prop firms for your trading success with our forex prop firms comparison based on account sizes, type of trading challenge, available trading platforms, payout rules, and transparency.
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Best Forex Prop Firms
We’ve compared prop firms specialized in forex trading based on their available account sizes, trading platforms, profit splits, and company details. Here, you can compare and find the best prop trading firms for forex trading.
Funded Trading Plus
Funded Trading Plus was established in 2021 by Simon Massey, and its headquarters are in the United Kingdom. Funded Trading Plus offers 7 funded account sizes, ranging from $5,000 to $200,000. Traders have to successfully go through a 1-step or 2-step prop firm challenge in order to get funded with a funded forex account or use the instant funding account options. The available trading platforms are MetaTrader 5, Match-Trader, DXtrade, and cTrader. Traders can withdraw 80%-100% of the profits made in a funded account.
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FundedNext
FundedNext was established in 2022 by Abdulah Jayed, and its headquarters are in the United Arab Emirates. FundedNext offers 8 funded account sizes, ranging from $2,000 to $200,000. Traders have to successfully go through a 1-step or 2-step prop firm challenge in order to get funded with a funded forex account or use the instant funding account options. The available trading platforms are MetaTrader 4, MetaTrader 5, Match-Trader, and cTrader. Traders can withdraw 60%-90% of the profits made in a funded account.
Alpha Capital Group
Alpha Capital Group was established in 2021 by George Kohler, and its headquarters are in the United Kingdom. Alpha Capital Group offers 6 funded account sizes, ranging from $5,000 to $200,000. Traders have to successfully go through a 1-step, 2-step, or 3-step prop firm challenge in order to get funded with a funded forex account. The available trading platforms are MetaTrader 5, DXtrade, Tradelocker, and cTrader. Traders can withdraw 80% of the profits made in a funded account.
BrightFunded
BrightFunded was established in 2023 by Jelle Dijkstra, and its headquarters are in the United Arab Emirates. BrightFunded offers 6 funded account sizes, ranging from $5,000 to $200,000. Traders have to successfully go through a 2-step prop firm challenge in order to get funded with a funded forex account. The available trading platforms are DXtrade and cTrader. Traders can withdraw 80% of the profits made in a funded account.
E8 Markets
E8 Markets was established in 2021 by Dylan Elchami, and its headquarters are in the United States. E8 Markets offers 8 funded account sizes, ranging from $5,000 to $500,000. Traders have to successfully go through a 1-step, 2-step, or 3-step prop firm challenge in order to get funded with a funded forex account. The available trading platforms are Match-Trader, Tradelocker, and cTrader. Traders can withdraw 80% of the profits made in a funded account.
FTMO
FTMO was established in 2015 by Otakar Suffner, and its headquarters are in the Czech Republic. FTMO offers 5 funded account sizes, ranging from $10,000 to $200,000. Traders have to successfully go through a 2-step prop firm challenge in order to get funded with a funded forex account. The available trading platforms are MetaTrader 4, MetaTrader 5, DXtrade, and cTrader. Traders can withdraw 80% of the profits made in a funded account.
FundingPips
FundingPips was established in 2022 by Khaled Ayesh, and its headquarters are in Cyprus. FundingPips offers 5 funded account sizes, ranging from $5,000 to $100,000. Traders have to successfully go through a 1-step or 2-step prop firm challenge in order to get funded with a funded forex account or use the instant funding account options. The available trading platforms are MetaTrader 5, Match-Trader, and cTrader. Traders can withdraw 80% of the profits made in a funded account.
Maven Trading
Maven Trading was established in 2022 by Jon Alexander, and its headquarters are in Saint Lucia. Maven Trading offers 6 funded account sizes, ranging from $2,000 to $100,000. Traders have to successfully go through a 1-step, 2-step, or 3-step prop firm challenge in order to get funded with a funded forex account or use the instant funding account options. The available trading platforms are MetaTrader 5, Match-Trader, and cTrader. Traders can withdraw 80% of the profits made in a funded account.
The5ers
The5ers was established in 2016 by Saul Lokier, and its headquarters are in Israel. The5ers offers 5 funded account sizes, ranging from $5,000 to $100,000. Traders have to successfully go through a 1-step or 2-step prop firm challenge in order to get funded with a funded forex account. The available trading platform is MetaTrader 5. Traders can withdraw 50%-80% of the profits made in a funded account.
What are Forex Prop Firms?
Forex prop firms provide a cost-efficient way to access and trade forex pairs without the need to open a forex account with broker. Proprietary trading firms fund traders who successfully complete a prop firm challenge. Once funded, traders trade forex pairs. This way, traders can earn money through trades executed within the funded account. Forex trading can be a lucrative source of income when done properly.
Are Forex Prop Firms Worth It?
Yes. Forex prop firms are worth it if you want to enter the forex trading space for low costs and reasonable risk. Compared to forex brokers, a forex prop firm provides you with access to their capital, once funded, and you get a profit share based on the agreed terms. In contrast to a forex brokerage account, the forex prop firm can be used for as low as $100 per account, while brokers typically require an account minimum of $500.
Which Is The Best Forex Prop Firm?
I like what Funded Trading Plus has to offer. You have a free choice between many different account sizes, various trading types, and trading platforms. Beginners consider starting with a lower account size and then scaling up once they are used to the platform and rules. Overall, the market for forex prop trading settled a bit, and only the strongest companies survived, which is good for the trader.