Investment and trading are among the most profitable jobs in the world. People can profit significantly by clicking a few buttons, but only if they understand what they are doing and the concepts behind successful trading. If a trader becomes successful, then they may wish to obtain access to larger capital to increase their profit. Proprietary trading firms provide this opportunity to traders by giving them capital to trade in exchange for a portion of the earnings. Investors can utilize a variety of financial instruments, such as stocks and cryptocurrency, to gain money.
Prop firms come with significant benefits for the client, such as access to larger capital, reduced risk, advanced trading tools, and educational materials. Traders can receive a greater profit by using these bonuses, making prop firms worth considering for many.
However, each prop firm has its own rules and opportunities, making it challenging to choose the right one. The following collection of prop firms can help narrow down tradersโ options, as they are highly respected and established, and include a variety of benefits that overshadow other prop firms and make them great selections for investors.
1. FTMO
This popular prop firm can be challenging to gain access to, but also very rewarding. As one of the largest in the world, FTMO provides a favorable profit split while being fairly priced. Its website is easy to navigate as well and can provide clients with plenty of details regarding the accounts it offers, the rules, and more.
FTMOโs funding model involves a challenging two-step evaluation for traders to get funded. This evaluation, consisting of the FTMO Challenge and verification, requires traders to first meet certain trading criteria within thirty days, and then meet the criteria within sixty days. This helps FTMO ensure that its traders will remain consistent and reduces the risk of loss. If a trader passes, then they can begin trading on FTMO.
After paying a one-time fee, traders can benefit by splitting their profits with FTMO and receiving anywhere from 80% to 90% of the money. If they want to, traders can use FTMOโs scaling plan to increase their funded account size, although meeting the requirements to do so can be challenging for some. As an established prop firm, FTMO can offer many benefits to traders who join it.
Along with its benefits, FTMO also has a few drawbacks, such as the difficult FTMO Challenge. With a strict time limit and challenging criteria, only a small percentage of traders pass this challenge, making FTMO better for those with more experience. The scaling process is also difficult due to the criteria and consistency expectations that traders must meet to scale up.
Although it can be challenging to get funded on FTMO, being successful in doing so is very rewarding. With an excellent profit split, a variety of financial instruments available to traders, and multiple opportunities to scale up, FTMO is one of the best prop firms available.
2. The5ers
As a much more attainable prop firm, The5ers is rather beginner-friendly when compared to FTMO. It offers two unique account options that determine the speed at which traders can scale their accounts, an aspect that is unlike other prop firms. The5ers is an overall excellent decision for investors who want to scale their accounts quickly.
The Hyper Growth Program and the two-step program are both account options for The5ersโ clients. The Hyper Growth Program takes only one step to set up and offers faster scaling at the cost of a higher price, while the two-step program requires traders to hit certain profit targets in each step. This challenge does not include a time limit, which reduces stress on traders and allows them to think through their choices before coming to a solid conclusion. This makes passing the challenges much easier. Once they receive funded accounts, traders can scale their accounts to up to $500,000 after a minimum of three days of trading.
One benefit that The5ers has over the competition is the opportunity for all profits to go to the trader. This can only occur after lots of hard work, but it is a golden opportunity for many. Even if they are not receiving all of their profit, traders still receive a minimum of 80%. The reasonable fees and good scaling options offered by The5ers are also worth considering when selecting a prop firm.
The5ersโ attainability is one of the key aspects that makes it a leading prop firm. Most traders can pass the evaluation without a major struggle, and, as long as they remain consistent, they may end up receiving all of their profits. A highly-rated prop firm, The5ers provides several opportunities to traders without making it overly difficult.
3.ย WeMasterTrade of WeCopyTrade
WeMasterTrade places a heavy focus on covering loss, significantly reducing the risk for traders. It also provides traders with the capital they need to trade without making them complete a challenge, making account funding much easier. With these two unique characteristics, WeMasterTrade is the most accessible prop firm available to both beginners and experts.
As WeMasterTrade does not require traders to pass a challenge, clients receive access to capital once they create their accounts. Traders receive anywhere from 60% to 90% of their profit from trades on the MetaTrader 5 platform, which is where all trading is done. To reduce the risk of loss, WeMasterTrade offers a loss limit strategy in their packages to protect themselves and traders.
Even though traders do not need to complete a challenge, WeMasterTrade still provides an excellent profit split. The freedom offered by WeMasterTrade allows traders to make as many trades as they want and withdraw their profits at any time as long as they stay within the loss limits, creating a low-risk and profitable environment for any traders.
Overall, WeMasterTrade provides a flexibility that is unmatched by other prop firms. By establishing near nonexistent risk, WeMasterTrade allows investors to maximize profit without worrying. Traders can be confident that they will reach incomparable success if they use this prop firm.
4. E8 Markets
By providing a variety of evaluations for traders, E8 Markets provides flexibility for traders for a slightly higher cost than other prop firms. Despite the higher price, however, it provides up to $400,000 in virtual capital for traders, an opportunity that many traders may want to seize.
E8 Markets provides one-phase, two-phase, and three-phase evaluations, each with different criteria and prices. Along with this variety of evaluations, traders can also select their drawdown limits. Upon completion, traders are granted access to a funded trading account that contains no less than $50,000, and from there they can utilize a variety of financial instruments to profit.
Due to the numerous evaluation options provided by E8 Markets, traders have greater freedom in determining the price of evaluations and profit targets, placing it above many other prop firms. With access to substantial capital no matter what they choose, investors are provided with various opportunities for success.
Traders receive the freedom to customize various aspects of their trading accounts when they use E8 Markets, making the higher prices worth it for many. Investors can maximize their profits by selecting what suits them best, a rare opportunity to find among prop firms.
5. FundedNext
A highly respected prop firm, FundedNext offers two drastically different evaluation models and substantial capital for traders. It has options that meet the needs of both new and experienced traders, though the prop firm may impose limitations on clients depending on the evaluation that they choose.
The two-step evaluation and an instant funding option are both offered by FundedNext. The two-step evaluation requires traders to meet certain criteria to receive funding, while the instant funding option requires traders to complete no challenge. However, traders that choose the instant funding option will also have stricter risk parameters and lower leverage, which may not be convenient for all.
With the two-step evaluation, traders receive 80% to 90% of the profit, while those who select instant funding will receive only 60% to 90% of the profit. Account sizes range from $15,000 to $200,000, but the initial funding also depends on the evaluation model chosen. The scaling plan, however, provides equal opportunity for all traders. They can scale their accounts by up to 200% every four months, providing several opportunities to grow their account.
FundedNext is accessible to novices and experienced traders alike, making it a good option for any trader. Along with several growth opportunities, FundedNext can also provide significant capital to traders. Although initial account size depends on the evaluation model, both options allow traders to reach the maximum account value.
The main drawback that traders should keep in mind is the limitations of the instant funding option. This could make it challenging for new traders to grow when competing against experienced traders with the two-step evaluation advantages. Therefore, it may be best for beginners to gain experience before attempting to register for a FundedNext account.
Despite its drawbacks, FundedNext remains a prop firm with multiple opportunities and various bonuses for traders. All traders who register for this prop firm can maximize their profits with the tools FundedNext provides, as long as they work hard and remain consistent.
Which Prop Firm is Best Overall?
Traders can select from a wide variety of prop firms, but the five listed above will provide them with the greatest profit and a wide variety of benefits for a fair price. They are also trustworthy and reputable, as they have led several traders to success with their services. As long as traders can succeed in the evaluation processes offered by most of these prop firms, they can grow their accounts and profit significantly with FTMO, The5ers, E8 Markets, FundedNext, or WeMasterTrade.
Overall, WeMasterTrade tends to be the best prop firm option, as it provides multiple unique benefits without raising the price or requiring traders to complete a challenge. WeMasterTrade has earned the International Accreditation Council Certificate, as well as the Best Funded Trader Copy Trading Platform of 2024 and Best Online Forex Education Provider awards. This prop firm truly focuses on setting up its clients for success more than any other aspect of its service.
Although the other prop firms do have their unique benefits, WeMasterTrade covers risk and provides an equal opportunity to all traders, ultimately overshadowing the benefits of other prop firms. The freedom offered by WeMasterTrade makes it an incomparable prop firm that will continue to grow as it continues to help traders grow.
