Top 10 Trading Prop Firms 2025

Best Proprietary Trading Firms in 2025

Proprietary trading firms provide traders with capital to trade financial markets, offering a structured evaluation process to ensure skill and risk management. Below is a comprehensive breakdown of the top proprietary trading firms, including their pros and cons.

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1. TopStep

TopStep is a Chicago-based proprietary trading firm founded in 2012. It specializes in funding futures traders through a structured evaluation process.

Pros:

• Structured Evaluation Process: A two-step evaluation process—the Trading Combine and the Funded Account—to assess profitability and risk management.
• Generous Profit Split: Traders keep 100% of their first $10,000 in profits, followed by a 90% split.
• Diverse Account Sizes: Offers accounts of $50,000, $100,000, and $150,000.
• Multiple Trading Platforms: Supports platforms like TopstepX™, NinjaTrader, and TradingView.
• Educational Resources: Provides blogs, podcasts, digital coaching, and live streams.
• Active Trading Community: Engaged communities on Discord and Facebook.
• Flexible Evaluation Duration: No time limit for completing the Trading Combine.
• Daily Payout Processing: Ensures traders can access earnings promptly.
• Recognition and Awards: Featured in the Inc. 5000 and recognized as one of the Best and Brightest Companies to Work For.
• Positive Reviews: Holds a strong reputation with a 4.5/5 rating on Trustpilot.

Cons:

• Monthly Evaluation Fees: Traders must pay a subscription fee during the Trading Combine.
• Platform Fees: Some platforms, like NinjaTrader, require additional fees.
• Limited to Futures Trading: No support for forex or stocks.
• Strict Risk Management Rules: Traders must adhere to specific loss limits.
• No Mobile App: Trading is restricted to desktop platforms.
• Data Fees: Additional charges for market data services.
• Evaluation Reset Fees: Traders who fail the evaluation may need to pay a reset fee.
• Withdrawal Minimums: The minimum withdrawal amount is $125.
• Limited Customer Support: No phone support, limiting direct communication.
• Platform Stability Concerns: Some users report technical issues affecting performance.

Summary:

TopStep offers a well-structured evaluation process, a supportive community, and excellent educational resources. However, traders should consider the associated costs and strict risk management rules.

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2. FTMO

FTMO is a leading proprietary trading firm established in 2015, known for its high profit splits and diverse account sizes.

Pros:

• Comprehensive Evaluation Process: A two-step process—FTMO Challenge and Verification—to ensure consistency.
• High Profit Splits: Traders keep 80% of profits, scalable to 90%.
• Diverse Account Sizes: Offers accounts from $10,000 to $200,000.
• Multiple Trading Platforms: Supports MetaTrader 4, MetaTrader 5, and cTrader.
• Educational Resources: Includes trading psychology content and coaching.
• Proprietary Trading Tools: Provides tools like Account MetriX and Equity Simulator.
• Positive Reviews: Highly rated on Trustpilot.
• Responsive Customer Support: Known for its fast and helpful support.
• Scaling Plan: Traders can scale accounts up to $2 million.
• Transparent Withdrawals: No fees on withdrawals.

Cons:

• Strict Trading Objectives: Requires traders to meet a 10% profit target in the challenge phase.
• Maximum Loss Limits: Traders must adhere to strict 5% daily and 10% overall loss limits.
• Evaluation Fees: Traders must pay for the challenge.
• No Algorithmic Trading: Prohibits the use of bots and automated trading.
• No Free Trials: Traders must commit financially before accessing the platform.
• Limited Withdrawal Options: Supports only bank transfers and Skrill.
• Strict Trading Rules: Prohibits hedging and weekend holding.
• Limited Operational History: Founded in 2015, younger than some competitors.

Summary:

FTMO is a reputable firm with high profit splits and excellent tools, but traders should be aware of its strict trading rules and evaluation fees.

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3. FTUK

FTUK (Forex Traders UK) is a UK-based proprietary trading firm founded in 2021, offering both one-step evaluations and instant funding.

Pros:

• Flexible Funding Programs: Offers one-step evaluations and instant funding.
• High Profit Splits: Up to 80% profit retention.
• Diverse Account Sizes: Ranges from $10,000 to $6.4 million.
• No Minimum Trading Days: Traders can progress at their own pace.
• Multiple Trading Platforms: Supports MT4, MT5, cTrader, and DXtrade.
• Diverse Trading Assets: Includes forex, commodities, indices, and crypto.
• Scaling Opportunities: Accounts can grow up to $6.4 million.
• Educational Resources: Offers trading knowledge and strategy content.
• Positive Reviews: Rated 4.0/5 on Trustpilot.
• Responsive Support: Quick customer service responses.

Cons:

• Strict Trading Rules: Requires lot size consistency and prohibits hedging.
• Low Leverage: Limited to 50:1.
• Low Initial Profit Split: Starts at 50%, lower than competitors.
• No Free Trials: Requires payment before access.
• Operational Issues: Reports of payment delays and rule changes.
• Account Terminations: Some traders reported unexpected account closures.
• Limited History: Established in 2021.
• No Algorithmic Trading: Automated trading is not allowed.
• Potential Conflicts of Interest: Some traders suspect the firm benefits from evaluation failures.

Summary:

FTUK offers large funding options and flexible evaluation programs but has operational concerns and strict trading rules.

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4. FXIFY

FXIFY is a UK-based prop firm founded in 2023, offering traders flexible evaluation programs and high profit splits.

Pros:

• Flexible Evaluations: Offers one-phase, two-phase, and three-phase programs.
• High Profit Splits: Traders can keep up to 90% of earnings.
• Diverse Account Sizes: Ranges from $5,000 to $400,000.
• No Time Limits: Traders can complete challenges at their own pace.
• Multiple Trading Platforms: Supports MT4, MT5, and DXtrade.
• Wide Range of Assets: Includes forex, stocks, indices, and crypto.
• Scaling Plan: Potential account growth up to $4 million.
• Positive Reviews: Well-rated for reliability and payouts.
• Transparent Withdrawals: No hidden fees.
• Responsive Support: Quick responses to trader inquiries.

Cons:

• Limited History: Founded in 2023.
• Higher Fees for Instant Funding: More expensive than evaluation programs.
• Limited Information on Fees: Spreads and commissions are not clearly disclosed.
• No Algorithmic Trading: EAs and automated systems are prohibited.
• No Free Trials: Traders must pay upfront.
• Limited Withdrawal Options: Supports only bank transfers and crypto.
• Strict Trading Rules: Includes restrictions on hedging and excessive risk.
• No Weekend Holding: Positions must be closed before weekends.
• No Educational Resources: Lacks beginner training materials.

Summary:

FXIFY provides flexible funding options and high profit splits, but traders should consider its limited history and strict rules.

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5. Funded Trading Plus (FTP)

Funded Trading Plus (FTP) is a London-based proprietary trading firm established in 2021. It provides traders with various account types and funding challenges.

Pros:

• Flexible Evaluation Programs: Offers one-phase, two-phase, and instant funding options.
• High Profit Splits: Traders retain between 80% to 90% of their profits, with potential to scale up to 100%.
• Diverse Account Sizes: Accounts range from $5,000 to $200,000.
• No Time Limits: The evaluation process allows traders to progress at their own pace.
• Multiple Trading Platforms: Supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Match-Trader, and DXTrade.
• Wide Range of Tradable Assets: Includes forex pairs, commodities, indices, and cryptocurrencies.
• Scaling Opportunities: Account sizes can grow up to $5 million with consistent performance.
• Positive Reviews: Well-rated for reliability and trader support.
• Transparent Withdrawal Process: Fast and simple payout structure.
• Responsive Customer Support: Quick assistance for traders.

Cons:

• Limited History: Founded in 2021, newer than some competitors.
• Higher Fees for Instant Funding: More expensive than evaluation-based funding.
• Limited Spread & Fee Transparency: Trading costs are not clearly disclosed.
• cTrader Platform Fee: Traders using cTrader must pay an additional $25.
• No Algorithmic Trading: Prohibits the use of Expert Advisors (EAs).
• No Free Trials: Traders must pay before experiencing the platform.
• Limited Withdrawal Options: Only bank transfers and cryptocurrency withdrawals.
• Strict Trading Rules: Prohibits hedging, martingale strategies, and grid trading.
• No Weekend Holding: Positions must be closed before weekends.

Summary:

Funded Trading Plus provides traders with flexible funding options, high profit splits, and solid customer support. However, its strict trading rules and newer presence in the industry should be considered.

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6. TraderScale

TraderScale is a Dubai-based proprietary trading firm offering capital funding through structured evaluation processes.

Pros:

• Flexible Evaluation Programs: Offers one-step and two-step evaluation options.
• High Profit Splits: Traders can retain up to 90% of their profits.
• Diverse Account Sizes: Account options range from $25,000 to $200,000.
• No Time Limits: Traders can complete challenges at their own pace.
• Multiple Trading Platforms: Supports MetaTrader and cTrader.
• Varied Trading Assets: Includes forex, indices, metals, and commodities.
• Fast Payouts: Profit withdrawals processed within three days.
• No Hidden Fees: Transparent pricing structure with no unexpected costs.
• Customer Support: Email responses are usually within an hour.
• Flexible Trading Conditions: Minimal restrictions on trading strategies.

Cons:

• Strict Trading Rules: Prohibits hedging, arbitrage, and high-risk strategies.
• Limited Leverage: Maximum leverage is 1:30.
• No Algorithmic Trading: EAs and automated systems are not allowed.
• Minimum Trading Days: Requires at least 10 trading days for evaluations.
• Consistency Rule: Requires traders to maintain consistent performance (40% rule).
• No Scaling Plan: No option to increase account size beyond the initial allocation.
• No Free Trials: Traders must pay before participating.
• Limited Withdrawal Options: Withdrawals are only available through Rise and cryptocurrencies.
• Restricted Countries: Certain regions, including the US, are not supported.
• New Firm: Established in November 2023, making it a newer market player.

Summary:

TraderScale offers competitive funding conditions with high profit splits and fast payouts, but traders should be aware of its strict trading restrictions and limited history.

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7. E8 Funding

E8 Funding is a proprietary trading firm established in 2021, focusing on forex and CFD traders.

Pros:

• High Profit Splits: Traders keep 80% of their earnings.
• Diverse Account Sizes: Account sizes range from $25,000 to $250,000.
• Flexible Evaluations: Offers two-phase and three-phase evaluation programs.
• No Minimum Trading Days: Traders can complete the challenge at their own pace.
• Varied Trading Assets: Includes forex, commodities, indices, equities, and cryptocurrencies.
• High Leverage: Provides leverage up to 1:100.
• Supports Algorithmic Trading: Allows traders to use EAs on MT4 and MT5.
• User-Friendly Dashboard: Traders can monitor performance through the E8X dashboard.
• Positive Feedback: Traders appreciate its fast transition from evaluation to funded accounts.
• Refundable Evaluation Fees: Fees are refunded upon successful challenge completion.

Cons:

• Limited History: Established in 2021, lacks a long track record.
• Strict Profit Targets: Requires an 8% profit in 30 days, which can be challenging.
• No Educational Resources: Does not provide training or trading materials.
• No Phone Support: Customer service is only available via email or live chat.
• Non-Refundable Evaluation Fees Upon Failure: Traders who fail the evaluation lose their initial fee.
• Limited Platform Options: Only supports MT4 and MT5.
• No Social Trading Features: No copy trading or community trading support.
• Occasional Service Issues: Reports of payout delays and technical issues.
• Limited Response to Negative Reviews: The firm does not frequently engage with customer complaints.
• No Public Management Team Disclosure: The firm's leadership and brokers are not publicly known.

Summary:

E8 Funding offers high profit splits and a flexible evaluation process, but traders should be cautious of its limited operational history and strict evaluation targets.

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8. FundedNext

FundedNext is a prop firm offering various funding models for traders seeking capital.

Pros:

• High Profit Splits: Traders can keep between 80% and 95% of profits.
• Diverse Funding Models: Includes Evaluation, Express, and Stellar models.
• Flexible Account Sizes: Ranges from $5,000 to $200,000.
• Multiple Trading Platforms: Supports MT4, MT5, cTrader, and TradingView.
• No Time Limits on Certain Challenges: The Stellar Challenge has no time constraints.
• Varied Trading Instruments: Includes forex, commodities, indices, and cryptocurrencies.
• Educational Resources: Provides training and trading insights.
• Scaling Opportunities: Accounts can grow up to $4 million.
• Refundable Evaluation Fees: Fees refunded after passing evaluations.
• Regular Payouts: Bi-weekly withdrawals.

Cons:

• Strict Daily Loss Limits: Ranges from 3% to 5%.
• No Stock Market Access: Does not support individual stock trading.
• Minimum Trading Days: Some funding models require a minimum number of trading days.
• Inconsistent Support: Reports of unresponsive customer service.
• Delayed Payouts: Some traders reported issues with withdrawal delays.
• Technical Issues: Some traders have reported platform instability.
• Vague Scaling Plan: The criteria for account growth are unclear.
• Mixed Reputation: Has received criticism in trading communities.
• High Evaluation Fees: Can be expensive for large accounts.
• Strict Trading Rules: No weekend or news trading allowed.

Summary:

FundedNext offers multiple funding options and high profit splits, but traders should be mindful of its strict rules, inconsistent support, and withdrawal concerns.

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9. The Funded Trader (TFT)

The Funded Trader (TFT) is a proprietary trading firm established in 2021, offering traders the opportunity to manage significant capital through structured evaluations.

Pros:

• Diverse Account Types: Offers multiple challenge types, including Standard, Rapid, Royal, and Knight Challenges.
• High Profit Splits: Traders can earn between 75% to 95% of profits.
• Flexible Evaluation Processes: Provides both one-step and two-step evaluations.
• No Minimum Trading Days: Some challenges, like the Knight Challenge, allow traders to complete the evaluation at their own pace.
• Scaling Opportunities: Account sizes can grow up to $5 million with consistent performance.
• Variety of Trading Instruments: Supports forex, commodities, indices, and cryptocurrencies.
• Multiple Trading Platforms: Compatible with MT4, MT5, cTrader, and Match-Trader.
• Educational Resources: Maintains an active YouTube channel and Discord community with educational content.
• Promotions & Competitions: Offers frequent discounts, contests, and bonus opportunities.
• Refundable Evaluation Fees: Fees are refunded upon successful evaluation completion.

Cons:

• Mixed Reputation: Trustpilot score of 3.3/5, with some complaints about transparency and payouts.
• Customer Support Limitations: No 24/7 support, with response times between 1 to 3 days.
• High Evaluation Fees: More expensive compared to some competitors.
• Strict Drawdown Limits: Daily and maximum drawdown rules can be challenging.
• Inconsistent Trading Conditions: Some traders report issues like manipulated spreads and artificial slippage.
• Delayed Payouts: Reports of delays in receiving profit withdrawals.
• Platform Limitations: Some traders experience technical issues affecting performance.
• Unclear Scaling Plan: Criteria for increasing account size are not well-defined.
• Negative Community Feedback: Some traders criticize TFT’s approach to rule enforcement.
• Operational Challenges: Has faced lawsuits and management disputes, raising concerns about long-term stability.

Summary:

TFT provides high profit splits, diverse account types, and flexible evaluations, but traders should be cautious of its reputation, payout delays, and customer support limitations.

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10. Funding Pips

Funding Pips is a proprietary trading firm offering capital through structured evaluation models but has received mixed feedback regarding transparency and trading conditions.

Pros:

• Variety of Evaluation Programs: Provides both one-step and two-step challenges.
• High Profit Splits: Traders can earn up to 95% of their profits.
• Instant Funding Option: Experienced traders can access funding without an evaluation phase.
• Scaling Opportunities: Accounts can grow up to $2 million with consistent performance.
• Diverse Trading Instruments: Includes forex, commodities, indices, and cryptocurrencies.
• High Leverage: Offers leverage up to 1:100.
• Flexible Trading Platforms: Supports cTrader, Match-Trader, and TradeLocker.
• Global Accessibility: Available to traders in over 195 countries.
• No Minimum Trading Days: Some evaluation models allow traders to complete challenges at their own pace.
• Educational Resources: Provides training content and strategy insights.

Cons:

• Lack of Transparency: Reports of undisclosed activation fees and unclear policies.
• Manipulated Trading Conditions: Some traders report slippage and unfavorable order execution.
• Hidden Fees: Additional costs not clearly disclosed upfront.
• Poor Customer Support: Complaints about unresponsive or unhelpful assistance.
• Strict Trading Restrictions: No weekend or news trading is allowed.
• Inconsistent Trading Conditions: Some traders experience different execution speeds between evaluation and funded accounts.
• Delayed Payouts: Reports of withdrawals taking longer than expected.
• Platform Limitations: Technical issues reported on supported trading platforms.
• Unclear Scaling Plan: No transparent guidelines on how accounts are scaled.
• Negative Community Feedback: Mixed reputation within trading communities.

Summary:

Funding Pips offers attractive profit splits and evaluation models, but traders should be cautious of transparency concerns, inconsistent trading conditions, and payout delays, and customer support limitations.

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Worth a Mention: House of Leverage (2024)

House of Leverage is a proprietary trading firm founded in September 2024, offering traders multiple funding opportunities through structured challenges.

Pros:

• Multiple Challenge Models: Offers three evaluation paths to suit different trading styles:
  • 1-Step Challenge: 8% profit target, 8% total loss limit, 4% daily loss limit.
  • 2-Step Standard Challenge: 10% profit target in Phase 1, 5% in Phase 2, with a 10% total loss and 5% daily loss limit.
  • 2-Step Pro Challenge: 8% profit target in Phase 1, 5% in Phase 2, with an 8% total loss and 5% daily loss limit.
• High Profit Splits: Traders start with an 80% profit split, scalable up to 100%.
• No Time Limits: Challenges have no time constraints, allowing traders to proceed at their own pace.
• Leverage Options: Offers up to 1:100 leverage for forex, 1:18 for metals, 1:10 for indices, and 1:2 for crypto.
• Copy Trading Allowed: Traders can replicate strategies or share their own setups.
• Minimum Trading Days: Requires a minimum of three trading days, offering flexibility.
• Diverse Tradable Instruments: Includes forex, indices, metals, and cryptocurrencies.
• Competitive Pricing: Challenge fees are affordable, with the 1-Step Challenge ranging from $129 for a $10,000 account to $949 for a $200,000 account.
• Trailing Drawdown: Uses a dynamic drawdown system that adjusts based on account performance.
• Payout Frequency: Profits can be withdrawn every 14 days.

Cons:

• Complex Trailing Drawdown: The dynamic drawdown may be difficult for some traders to manage.
• Restricted Strategies: Prohibits Martingale, high-frequency trading (HFT), tick scalping, and arbitrage.
• News Trading Restrictions: While allowed in evaluations, trading around high-impact news events is prohibited in funded accounts (5 minutes before and after).
• Lack of Fee Transparency: Information about spreads, commissions, and payout methods is not publicly available.
• Limited Customer Support: No publicly listed support email or phone number.
• No Free Trials: Requires traders to pay before participating in challenges.
• Unclear Scaling Plan: Profit split can reach 100%, but the conditions for scaling accounts are not specified.
• No Platform Details: Does not publicly disclose which trading platforms are supported.
• New Firm: Established in September 2024, making it one of the newest proprietary firms.
• No Public Reviews: Lacks trader testimonials or user reviews, making it difficult to gauge credibility.

Summary:

House of Leverage offers a variety of challenges and high profit splits, making it appealing to traders looking for flexible funding options. However, the lack of transparency, trading restrictions, and limited operational history are key considerations for potential traders.

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