20 Best Proprietary Trading Firms For Beginners

Proprietary trading firms are where ambitious traders can use firm capital to trade markets, keeping a chunk of the profits. For many, this is an opportunity to trade big without risking their own money — a chance to prove themselves and maybe even join the ranks of the best proprietary trading firms. But how do you find the right firm to help you trade successfully with capital? This guide is here to help. We’ll explain what you need to know to navigate this world, avoid the pitfalls, and achieve your goals.

Aqua Funded’s funded trading program offers a simple, straightforward solution to get you started.

Benefits of Trading with Proprietary Firms

Unpacking Proprietary Trading

Proprietary trading, often called "prop trading," is when financial firms invest their funds for direct gains rather than trading on behalf of clients for commission. This involves buying and selling stocks, bonds, commodities, currencies, or other financial instruments to outperform traditional investment methods like index investing or bond appreciation.

The Mechanics of Proprietary Trading

At its core, proprietary trading involves a specialized trading desk within a financial institution using the firm’s capital and balance sheet to execute trades. These trades are usually speculative and involve derivatives or other sophisticated investment vehicles. The objective is to generate profits for the firm's benefit, not the clients’.

Advantages of Proprietary Trading

One of the biggest perks of proprietary trading is the potential for higher profits. Unlike client trading, where firms earn through commissions and fees, prop trading allows them to keep 100% of the gains. Additionally, firms can build a stockpile of securities, offering clients an edge and preparing for challenging market conditions. Prop trading also positions a firm as a key market player, providing liquidity for specific securities.

20 Best Proprietary Trading Firms For Beginners

1. AquaFunded

AquaFunded is a Dubai-based trading program offering access to significant capital accounts with profit splits up to 95%. It presents a unique funding model with manageable 8% profit targets and quick payouts, ideal for traders wanting to trade with reduced risk.

2. FTMO

Based in Prague, FTMO seeks to identify and educate talented traders, providing them with funding upon meeting specific benchmarks. The FTMO Challenge offers traders a demo account, and upon completion, they receive real payouts based on demo account profits.

Pros

• Established and respected
• Transparent fees
• High-profit share

Cons

• Specific trading restrictions
• Steep profit target
• No real account trading

3. ICFunded

IC Funded stands out for its flexible evaluation process without time limits, allowing traders to focus on strategy rather than speed. It offers profit splits up to 80% and access to over 150 trading instruments.

Pros

• No time limits
• High-profit splits
• Flexible trading strategies

Cons

• Not regulated by central authorities
• Non-refundable initial fee
• Limited asset selection

4. Rocket 21

Rocket21 features a large community of traders with more than $4M payouts. It offers one-step and two-step evaluation challenges with 9% and 8%-5% profit targets, respectively.

Pros

• Innovative features
• No evaluation time limit
• High-profit share

Cons

• Limited operational history

5. TakeProfit Trader

TakeProfitTrader offers a transparent funding process with immediate withdrawals and a focus on professionalism. Traders can benefit from an 80% profit split and flexible account resets.

Pros

• Immediate withdrawals
• High-profit split
• Flexible account resets

Cons

• Monthly fees

6. The Forex Funder

This UK-based firm offers a one-step and two-step evaluation process on MetaTrader 4 and 5. Based on their experience and strategy, traders can choose the most suitable evaluation phase.

Pros

• High-profit share
• Less restrictive trading rules
• No evaluation time limit

Cons

• Expensive to join
• Challenging profit target
• Demo account trading

7. Apex Trader Funding

Apex Trader Funding is a top futures funding provider, helping traders worldwide increase profits by honing their skills. It offers 24/7 customer support and no daily drawdown.

Pros

• Trade on holidays
• 24/7 support
• No daily drawdown

Cons

• Limited trading hours

8. Funded Prime

Traders receive a two-step evaluation challenge with a 10%-5% profit target on the DXtrade platform. FundedPrime offers up to 80% profit share and trading via the platforms of trusted brokerage Eightcap.

Pros

• Cryptocurrency withdrawals
• No evaluation time limit
• High-profit share

Cons

• Limited operational history

9. FidelCrest

FidelCrest offers funded trading accounts up to $2 Million for traders who pass its two-phase evaluation challenge. It partners with a related broker and provides a low subscription fee.

Pros

• Partnered with a related broker
• Low subscription fee
• Advanced trading platform

Cons

• No copy trading
• Rigorous evaluation process

10. E8 Markets

E8 Markets offers a preset two—or three-step evaluation program. Traders can set custom evaluation objectives, which requires a higher joining fee.

Pros

• Low joining fee
• Conservative profit target
• No evaluation time limit

Cons

• Lower drawdown limit
• Steep entry fee for custom program
• Maximum 80% profit share

11. FXIFY

FXIFY is a performance-based trading firm established in 2023. It requires traders to trade for at least 10 days and provides four performance accounts.

Pros

• No time limits
• Reputed liquidity providers
• No monthly fees

Cons

• Expensive fee for failed evaluations
• Low-profit splits

12. Pip Traders Funding

PIP Traders Funding offers an 8% profit target for the one-step evaluation challenge. It provides a DXtrade trading platform, copy trading, and weekend positions.

Pros

• Personal life coach service
• Trusted broker Eightcap
• No evaluation time limit

Cons

• Limited operational history

13. TopStep

TopStep offers a futures trading account with a one-step evaluation and countless courses, quizzes, and coaching programs for traders.

Pros

• Free trial account
• 100% first $5000 profit
• Funded trading coach

Cons

• Limited trading instruments
• No weekend support

14. The 5%ers

The 5%ers offer three funding programs. They charge a one-time fee with no recurring costs, allowing funding to grow to $4 million with a 100% profit share.

Pros

• Up to $4 million funding
• Up to 100% profit share
• Flexibility and few restrictions

Cons

• Complex structure for beginners
• High joining fee for High Stakes
• Demo trading for Bootcamp

15. FundedNext

FundedNext partners with leading market-makers globally, providing free virtual accounts and flexible trading rules.

Pros

• Free virtual account
• No minimum trading day requirements
• 24/7 customer service

Cons

• High monthly subscription fee
• Limited control over trades

16. FX2 Funding

FX2 Funding focuses on trader success with an easy-to-follow evaluation process. It offers no timeline evaluation and actual funded accounts with live market placement.

Pros

• No timeline evaluation
• Live market placement
• Helpful for beginners

Cons

• No CFDs
• Temporary trailing drawdown

17. Lionheart Funding

Lionheart Funding offers a three-step evaluation challenge with no minimum or maximum trading days. It provides fast payouts and a 90% profit share.

Pros

• Trusted broker Eightcap
• Low evaluation fee
• Fast payouts

Cons

• Limited operational history

18. Audacity Capital

Audacity Capital offers funded accounts with a different selection process. Traders are offered account sizes from $15,000 to $480,000 at a 50% profit split.

Pros

• Achievable profit targets
• Multiple educational resources
• Easy payouts

Cons

• No room for inexperienced traders
• One trading platform

19. Goat Funded Trader

Goat Funded Trader offers instant funding and evaluation programs with a maximum leverage of 1:50 and up to a 95% profit split.

Pros

• News-based trading
• Trading on holidays
• Simple trading rules

Cons

• Challenging evaluation process

20. Traders4Traders

Traders4Traders is an educational platform that guides traders to success. In a demo account, traders have unlimited time to achieve the 10% profit target.

Pros

• Trading education platform
• Fast scaling plan
• Unlimited trading time

Cons

• Multiple-level evaluation process
• Low leverage

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How To Choose the Best Proprietary Trading Firm

1. Trust the Firm's Reputation and Track Record

A firm's reputation in the trading world is crucial. A respected proprietary trading firm usually has years of experience, indicating stability. Check out reviews and feedback from other traders to understand their track record. Also, look for any regulatory issues or complaints against the firm. A clean reputation can make your trading experience smoother.

2. Prioritize Regulatory Compliance

A good firm must follow all trading regulations and be a registered market maker. This ensures a safe trading environment. Look at the firm's compliance history and success stories to know what to expect. Following regulations protects your trades and shows the firm's professionalism.

3. Ensure Sufficient Capital Availability

Access to trading capital is a big draw for many traders. Make sure the firm can provide the capital you need for your strategies. Some firms offer higher leverage, allowing for more prominent positions without too much risk. Check how much capital they provide and if it fits your style and strategy.

4. Understand the Funding Process

Different firms have different ways of providing funds. Some require assessments, while others offer direct funding. Look at profit targets, loss limits, evaluation periods, contract lengths, and max fundable amounts. These details help you pick a firm that matches your approach.

5. Check the Fee Structure

Transparency is key. Hidden fees should be a red flag. Understand the commissions per trade, software or platform, and desk fees for in-house traders. A transparent and fair fee structure shows the firm's respect for traders. Make sure the cost of getting your desired funding is within your budget.

6. Evaluate Profit Sharing and Payout Terms

Profit sharing is crucial. Most firms have a profit target and split profits between the firm and the trader, but ratios can vary. Understand the terms beforehand, as they affect your earnings. Also, see if there’s room for growth, like trading with larger capital, if you’re consistently profitable.

7. Assess Trading Instruments and Platforms

Your trading platform should fit your needs. It must be user-friendly and have features essential for your strategies. Some firms offer proprietary software, while others use popular platforms like MetaTrader. Make sure it suits your style.

8. Look for Strong Risk Management Practices

Risk management is vital to success. Check if the firm offers tools or guidelines to minimize risks. Some firms have strict controls like max drawdown limits to protect traders and capital. This shows the firm’s responsibility toward traders.

9. Seek Strategy Flexibility

Traders use various styles and strategies. Ensure the firm allows flexibility in trading strategies. It should accommodate your goals and risk tolerance, not restrict you to a particular style. Flexibility shows the firm’s commitment to individual needs.

10. Prioritize Strong Customer Support

Good customer support enhances your trading experience. The firm should foster a community where traders can exchange ideas. Quick and efficient service for technical or trading-related inquiries is crucial. Reliable support can motivate and positively influence your journey.

11. Evaluate Trading Rules

Top proprietary trading firms offer relaxed rules and autonomy. Check if the firm’s policies align with your preferences. Look for restrictions on trading certain assets or strategies. Flexibility in these aspects gives you room to grow and thrive.

12. Align with Your Trading Style

Your trading style matters. See if the firm supports your system. For instance, if you’re a swing trader, ensure the firm allows holding positions over the weekend. Your choice should align smoothly with your style.

AquaFunded: The New Wave in Proprietary Trading

AquaFunded, a Dubai-based funded trading program, offers a unique opportunity to access large capital accounts and earn up to 95% profit splits. With easy-to-achieve profit targets and fast bi-weekly payouts, AquaFunded provides a trustworthy platform for traders looking to scale their profits. Get started with AquaFunded's funded trading program today!

6 Practical Tips To Succeed at Prop Trading

1. Leverage AquaFunded for Trading Success

AquaFunded is shaking things up in the trading world from its base in Dubai. With AquaFunded, traders can access significant capital accounts and enjoy up to 95% profit splits. Their funding model is straightforward, with attainable 8% profit targets and quick bi-weekly payouts. You can even get your first payout in just seven days. AquaFunded is perfect for everyone, from beginners to those with more experience. By using the firm’s capital, you can trade with less risk and more confidence. AquaFunded stands out as a reliable platform for boosting profits in the busy prop trading market.

2. Understand the Basics of Prop Trading

Before jumping into the world of prop trading, it’s crucial to grasp its essentials. Proprietary trading lets traders use their funds to make trades for a firm, offering a way to achieve long-term profitability. The assets you’ll be trading can vary based on the firm’s liquidity providers, ranging from stocks to foreign currency. This flexibility makes prop trading appealing for those looking to earn big. However, it’s critical to understand the risks involved. Ensure you’re fully prepared and knowledgeable about prop trading to navigate the markets confidently and responsibly.

3. Build Relationships with Fellow Traders

Creating connections with other traders is vital to thriving in proprietary trading. Networking broadens your trading knowledge and deepens your market understanding. These relationships provide valuable insights and advice through online forums, trade shows, or casual chats. Sharing experiences and learning from others improves your strategies and supports personal growth. Consider joining communities like the OFP Discord, where traders can exchange ideas, support each other, and celebrate successes.

4. Stay Focused on Your Objectives

Discipline is the backbone of success in proprietary trading. Traders must stay organized and focused beyond following a strategy and managing risks. This involves carefully tracking trades, conducting thorough research, and using comprehensive analysis to guide decisions. By sticking to this disciplined approach, traders can make informed choices and work towards their financial goals. Discipline isn’t just a virtue—it’s the foundation for successful trading, providing the clarity needed to thrive in today’s markets.

5. Invest in Your Personal Growth

Investing in yourself is essential for success in proprietary trading. Dedicating time and effort to expanding your market knowledge, staying informed about industry changes, and building a solid reputation is crucial. Continuous learning and staying aware of market dynamics are essential for success. To truly excel, you must understand the financial markets and the instruments you’ll be trading. 

This means understanding what influences security prices, from economic indicators to global events. Improve your skills by taking courses, reading trading books, and practicing with trading simulators or through a prop firm. OFX offers customized trading courses to help you start your journey confidently.

6. Practice with Demo Accounts Before Using Real Money

Before risking natural capital, use demo accounts from trading platforms to practice your strategies and get accustomed to live market conditions. Some prop firms also offer trial accounts that let you explore their trading conditions for a few weeks.

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Join Our Funded Trading Program Today - Trade with our Capital and Keep 90% of the Profit.

AquaFunded, a Dubai-based firm, is making waves in the proprietary trading scene by offering a fresh way for traders to grow. Unlike many traditional prop firms that demand traders meet unrealistic goals, AquaFunded has an achievable 8% profit target. This makes it easier for traders to succeed and access larger capital accounts. With payouts every two weeks and the option for a first payout in just seven days, traders can quickly see the fruits of their labor. This quick turnaround can be a game-changer for traders who want to scale their profits without the usual high risk.

Why AquaFunded Stands Out

In a crowded market, AquaFunded stands out by offering traders what they want: a fair shot at success. With up to 95% profit splits, traders can keep more of what they earn. This is a big deal for traders looking to make an honest living from trading. Plus, with operations based in the UAE, AquaFunded provides a trustworthy and stable platform for traders to grow their wealth.

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