Prop Firms are a blessing to traders without enough capital to start trading. With a prop firm, you can spend just $60 and have access to $10 000 of trading capital.
But unlike forex brokers, prop firms are not regulated yet, meaning they can shut down anytime and disappear with your money. This process is commonly known as the Prop Firm Rug Pull. You can read more in the provided article.
I have been trading with prop firms for over 2 years now, and did a lot of research for this article to pick the top 10 best prop firms so that you can avoid being a victim of a rug pull.
How to Identify a Prop Firm Scam
By knowing what to look for and taking time to do research, you can avoid a prop firm scam. I have already fallen victim to countless prop firm scams, and over time, I have found similarities in these prop firms.
Here are tips to identify a prop firm scam:
- Negative Reviews on Trustpilot
- Consistently Run 50% to 90% Discounts
- No live customer support
- Complaints about them on social media, like x(Twitter)
- Delaying payouts
Remember, a new prop firm has the highest risk of being a scam compared to one that has a long track record in the industry.
Best Prop Firms For Forex Trading
The top 10 prop firms for forex trading are FTMO, The 5%ers, E8 Market, Funded Next, Alpha Capital Group, Funding Pips, Think Capital, Funding Traders, Audacity Capital, and Oanda Prop Trader.
I will be highlighting their key features, benefits, and their cheapest account to help you choose the right one for you.
PropFirms | Rating | Platforms | Account Size | Account Price | Signup |
|---|---|---|---|---|---|
 | ★ 4.9/5 | MT4/5, cTrader, DxTrade | $10 000 | €89 | |
 | ★ 4.8/5 | MT5, cTrader | $5 000 | $39 | |
 | ★ 4.8/5 | MT4/5, cTrader, Match Trader, TradeLocker | $5 000 | $48 | |
 | ★ 4.7/5 | MT4/5, cTrader, Match Trader | $5 000 | $33 | |
 | ★ 4.7/5 | MT5, cTrader, DxTrade, TradeLocker | $5 000 | $40 | |
 | ★ 4.4/5 | MT4/5, cTrader, Match Trader | $5 000 | $29 | |
 | ★ 4.3/5 | MT5, ThinkTrader | $5 000 | $39 |
FTMO
FTMO is the Goat in the prop trading industry one of the well-known and trustworthy prop firms. It has a transparent evaluation process, and FTMO offers traders access to accounts with balances of up to $400,000.
FTMO Key Features:
About | FTMO Established in Jan 2015 | Payout Methods
| Platform
|
Rules | News Trading is Allowed on Swing accounts On day trading account, Close 2 minutes before or after high-impact news | Payout
| Trading days
|
Other | Consistency Rule | Copy Trading | Refund |
Account size | Profit Traget | Daily Loss | Max Loss | Price | |
|---|---|---|---|---|---|
 | $200K | 10% | 5% | 5% | 10% | €1,080 |
| $100K | 10% | 5% | 5% | 10% | €439 |
| $50K | 10% | 5% | 5% | 10% | €345 |
| $20K | 10% | 5% | 5% | 10% | €250 |
| $10K | 10% | 5% | 5% | 10% | €89 |
FTMO focuses on discipline and consistency to give these traders real capital if they meet the requirements, making it an excellent choice for traders seeking professional trading as a career.
The5%ers
The5%ers is another top contender in the prop trading world, known for its focus on low-risk trading strategies. This firm is great for traders who want to build capital gradually with long-term consistency.
The 5%ers Key Features:
About | The5%ers Established in Jan 2016 | Payout Methods
| Platform
|
Rules | News Trading is Allowed on Hyper growth accounts On high stake account, Close 2 minutes before or after high-impact news | Payout
| Trading days
|
Other | Consistency Rule | Copy Trading | Refund |
Account size | Profit Traget | Daily Loss | Max Loss | Price | |
|---|---|---|---|---|---|
 | $100K | 8% | 5% | 5% | 10% | $545 |
| $60K | 8% | 5% | 5% | 10% | $329 |
| $20K | 8% | 5% | 5% | 10% | $165 |
| $10K | 8% | 5% | 5% | 10% | $78 |
| $5K | 8% | 5% | 5% | 10% | $39 |
The 5%ers is ideal for traders looking to grow their accounts through risk management and consistency.
E8 Market
E8 Market is a newer prop firm that has quickly gained a reputation for its trader-friendly approach. They focus on giving you the options to customize your challenge, choose your max daily/Overoll drawdown, and Payout split.
E8 Market Key Features:
About | E8 Market Established in Nov 2021 | Payout Methods
| Platform
|
Rules | News Trading is Allowed on E8 Signature accounts On E8 One account, Close 2 minutes before or after high-impact news | Payout
| Trading days
|
Other | Consistency Rule | Copy Trading | Refund |
Account size | Profit Traget | Daily Loss | Max Loss | Price | |
|---|---|---|---|---|---|
 | $500K | 15% | 6.6% | 10% | $2798 |
| $200K | 15% | 6.6% | 10% | $1118 |
| $100K | 15% | 6.6% | 10% | $684 |
| $50K | 15% | 6.6% | 10% | $404 |
| $25K | 15% | 6.6% | 10% | $264 |
| $10K | 15% | 6.6% | 10% | $124 |
| $5K | 15% | 6.6% | 10% | $68 |
E8 Market’s simple and efficient evaluation model makes it appealing for traders to have more control over their challenges.
Funded Next
Funded Next is popular for its unique approach to prop firm challenges, allowing traders to receive payouts for their challenges and give them the payout within 24 hours; otherwise, they will double it.
Funded Next Key Features:
About | Funded Next Established in Mar 2022 | Payout Methods
| Platform
|
Rules | News Trading is Allowed on But close 5 minutes before or after high-impact news | Payout
| Trading days
|
Other | Consistency Rule | Copy Trading | Refund |
Account size | Profit Traget | Daily Loss | Max Loss | Price | |
|---|---|---|---|---|---|
 | $200K | 8% | 5% | 5% | 10% | $1100 |
| $100K | 8% | 5% | 5% | 10% | $550 |
| $50K | 8% | 5% | 5% | 10% | $300 |
| $25K | 8% | 5% | 5% | 10% | $200 |
| $15K | 8% | 5% | 5% | 10% | $120 |
| $6K | 8% | 5% | 5% | 10% | $60 |
Funded Next is ideal for traders seeking flexible account options and excellent support.
Alpha Capital Group
Alpha Capital Group is owned by Wall Street traders, people who have deep knowledge of the trading industries and business.
Alpha Capital Group Key Features:
About | ACG Established in Nov 2021 | Payout Methods
| Platform
|
Rules | News Trading is Allowed on for Swing accounts Other accounts close 2 minutes before or after high-impact news | Payout
| Trading days
|
Other | Consistency Rule | Copy Trading | Refund |
Account size | Profit Traget | Daily Loss | Max Loss | Price | |
|---|---|---|---|---|---|
 | $200K | 8% | 5% | 5% | 10% | $997 |
| $100K | 8% | 5% | 5% | 10% | $577 |
| $50K | 8% | 5% | 5% | 10% | $297 |
| $25K | 8% | 5% | 5% | 10% | $197 |
| $10K | 8% | 5% | 5% | 10% | $97 |
| $5K | 8% | 5% | 5% | 10% | $50 |
Alpha Capital Group is one of the best prop firms.
Funding Pips
Funding Pips is the community’s favorite prop firm, they have a lot of active supporters than most new prop firms. Offering the best customer support.
Funding Pips Key Features:
About | Funding Pips Established in Nov 2022 | Payout Methods
| Platform
|
Rules | News Trading is Allowed on Evaluation Phase Funded accounts close 5 minutes before or after high-impact news | Payout
| Trading days
|
Other | Consistency Rule | Copy Trading | Refund |
Account size | Profit Traget | Daily Loss | Max Loss | Price | |
|---|---|---|---|---|---|
 | $100K | 8% | 5% | 5% | 10% | $529 |
| $50K | 8% | 5% | 5% | 10% | $289 |
| $25K | 8% | 5% | 5% | 10% | $156 |
| $10K | 8% | 5% | 5% | 10% | $66 |
| $5K | 8% | 5% | 5% | 10% | $36 |
Funding Pips easy process is perfect for beginner and intermediate traders.
Think Capital
Think Capital is boasting about it being the first prop firm to allow traders to trade directly from TradingView, no cap I like the idea of that.
Think Capital Key Features:
About | Think Capital Established in Jun 2024 | Payout Methods
| Platform
|
Rules | News Trading is strictly prohibited Only close trades 2 minutes before or after high-impact news | Payout
| Trading days
|
Other | Consistency Rule | Copy Trading | Refund |
Account size | Profit Traget | Daily Loss | Max Loss | Price | |
|---|---|---|---|---|---|
 | $200K | 8% | 5% | 4% | 8% | $1099 |
| $100K | 8% | 5% | 4% | 8% | $499 |
| $50K | 8% | 5% | 4% | 8% | $299 |
| $25K | 8% | 5% | 4% | 8% | $199 |
| $10K | 8% | 5% | 4% | 8% | $99 |
| $5K | 8% | 5% | 4% | 8% | $59 |
Think Capital’s flexibility in integrating Tradingview and being able to trade directly from it makes it one of the best prop firms.
Funding Traders
Funding Traders is a highly rated firm offering large account sizes and diverse options for professional and retail traders.
Funding Traders Key Features:
About | Funding Traders Established in Apr 2023 | Payout Methods
| Platform
|
Rules | News Trading Prohibited 5 minutes before or after high-impact news | Payout
| Trading days
|
Other | Consistency Rule | Copy Trading | Refund |
Account size | Profit Traget | Daily Loss | Max Loss | Price | |
|---|---|---|---|---|---|
 | $200K | 8% | 5% | 5% | 10% | $1199 |
| $100K | 8% | 5% | 5% | 10% | $599 |
| $50K | 8% | 5% | 5% | 10% | $399 |
| $25K | 8% | 5% | 5% | 10% | $249 |
| $10K | 8% | 5% | 5% | 10% | $149 |
Funding Traders is ideal for those seeking flexibility and scalability.
Audacity Capital
Audacity Capital is the OG of the prop firm one of the longest-standing.
Audacity Capital Key Features:
About | Audacity Capital Established in Mar 2012 | Payout Methods
| Platform
|
Rules | News Trading Allowed on both Evaluation and funded stage without Restriction | Payout
| Trading days
|
Other | Consistency Rule | Copy Trading | Refund |
Account size | Profit Traget | Daily Loss | Max Loss | Price | |
|---|---|---|---|---|---|
 | $240K | 10% | 5% | 7.5% | 5% | 15% | 10% | $1090 |
| $120K | 10% | 5% | 7.5% | 5% | 15% | 10% | $540 |
| $60K | 10% | 5% | 7.5% | 5% | 15% | 10% | $320 |
| $30K | 10% | 5% | 7.5% | 5% | 15% | 10% | $230 |
| $15K | 10% | 5% | 7.5% | 5% | 15% | 10% | $130 |
| $10K | 10% | 5% | 7.5% | 5% | 15% | 10% | $90 |
| $5K | 10% | 5% | 7.5% | 5% | 15% | 10% | $49 |
Audacity Capital is a bit expensive for its challenging fees
Oanda Prop Trader
Oanda Prop Trader is one of the prop firms from a highly trustworthy broker, not just a partnership but directly owned by Oanda Broker.
Oanda Prop Trader Key Features:
About | OANDA Prop Trader Established in Jan 2024 | Payout Methods
| Platform
|
Rules | News Trading No opening or closing of trades minutes before and 2 minutes after major news releases | Payout
| Trading days
|
Other | Consistency Rule | Copy Trading | Refund |
Account size | Profit Traget | Daily Loss | Max Loss | Price | |
|---|---|---|---|---|---|
 | $500K | 8% | 5% | 5% | 10% | $2400 |
| $200K | 8% | 5% | 5% | 10% | $1200 |
| $100K | 8% | 5% | 5% | 10% | $599 |
| $50K | 8% | 5% | 5% | 10% | $299 |
| $10K | 8% | 5% | 5% | 10% | $60 |
| $5K | 8% | 5% | 5% | 10% | $35 |
Oanda Prop Trader is the best option for traders who want reliability and you will be paid by Oanda as a broker on your profit split.
Top 5 Best Cheapest Prop Firms
| The following are the cheapest five prop firms based on the 2-step challenge price for a $10,000 account as of 2025 |
Prop Firm | Features | Ratings | Price |
|---|---|---|---|
 FundedNext |
|  | $59 |
 Oanda Prop Trader |
| | $60 |
 Funding Pips |
| | $66 |
 The5%ers |
|  | $78 |
 FTMO |
| | $93 |
Here is the best tool: Prop Firm Match tool. You will find more details on different prop firms and compare them.
FAQ
Prop Firm FAQs
A prop firm provides traders with capital to trade. If you pass their evaluation, you can trade their funds and keep a share of the profits.
You need to complete a trading challenge to prove your skills. If you meet their criteria, they will fund your trading account.
Most Prop firms earn money form challenge fees if a trader fails the challenges.
No, most prop firms are not regulated like traditional brokers, which means they can close without warning. It’s important to research and chooses reputable firms.