Prop Firms have been a blessing to traders without a lot of capital, they give you challenges to test your consistency as a profitable trader if you pass you will be given funds to trade and get paid a percentage of the profit you make.
But unlike brokers, prop firms are not regulated yet, meaning they can shut down anytime and disappear with your money. This process is commonly known as Prop Firm Rug Pull, you can read more on the provided article.
I have been trading prop firms for over 1.5 years now and did a lot of research to pick the 10 best prop firms so that you can avoid being a victim of rug pull.
How to Identify a Trustworthy Prop Firm
Finding a trustworthy prop firm can be challenging but it doesn’t have to be. By knowing what to look for and taking some time to research, you can avoid scam prop firms and find a firm that genuinely supports trades.
Here are some tips to look for:
- Positive Reviews Trustpilot
- Doest Consistently Run 50% to 90% Discounts
- Have FAQs with Transparent Terms & Conditions
- Check Their Discord Public Charts If There are Any Complains
- Regulated or Well-Established (The Longer They Have Been In The Game The better)
Remember, a good prop firm will be professional and trust-oriented. But still, there are more things to look for by using Prop Firm Match Tool in combination with these tips, it will help you find a trustworthy prop firm.
Best Prop Firms For Forex Trading
The top 10 prop firms for forex trading are FTMO, The 5%ers, Audacity Capital, Alpha Capital Group, E8 Market, Funded Next, Funding Pips, Funding Traders, Think Capital, and Oanda Prop Trader. I will be highlighting their key features, benefits, and challenge fees for a $10K 2-step challenge to help you choose the right one for you.
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:
- Launched In: 2015
- EAs Trading: Allowed Own Custom
- Platforms: MetaTrader 4/5, cTrader, DXtrade
- Trade Copiers: Allowed Coppy Own Trades
- Tech They Use: Own Tech
- News Trading: Allowed On Swing Account
- Payout Frequency: Bi-Weekly
- Transparency: Traders Leaderboard
- Broker They Use: Own Broker
- Payout Methods: Bank Wire, Skrill, Direct Crypto
- Countries Not Allowed: Iran, Syria, Myanmar, North Korea, USA and more countries
- Challenge Fee Refund: Yes on the first payout
- $10K Account Price: €89
- Profit Split: 80%
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
The 5%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:
- Launched In: 2016
- EAs Trading: Allowed
- Platforms: MetaTrader 5
- Trade Copiers: Allowed (Own Trades Only)
- Tech They Use: Own Tech
- News Trading: Allowed (with Risk Management)
- Payout Frequency: Bi-Weekly
- Transparency: No Leaderboard
- Broker They Use: Own Broker
- Payout Methods: Bank Wire, Crypto Payments
- Countries Not Allowed: United States, Afghanistan, Burundi, Central African Republic, Cuba, Congo Republic, and more countries
- Challenge Fee Refund: On First Payout
- $10K Account Price: $78
- Profit Split: 80%
The 5%ers is ideal for traders looking to grow their accounts through risk management and consistency.
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:
- Launched In: 2024
- EAs Trading: Allowed
- Platforms: MetaTrader 5
- Trade Copiers: Allowed
- Tech They Use: Oanda’s Tech
- News Trading: Allowed
- Payout Frequency: Bi-Weekly
- Transparency: No Leaderboard
- Broker They Use: Oanda Broker
- Payout Methods: Neteller, Skrill, Bank Transfer
- Countries Not Allowed: India, United States, United Kingdom, Germany, France Italy, Spain, Russia, Canada, Australia, and more.
- $10K Account Price: $99
- Profit Split: 80%.
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.
Audacity Capital
Audacity Capital is the OG of the prop firm one of the longest-standing.
Audacity Capital Key Features:
- Launched In: 2012
- EAs Trading: Allowed
- Platforms: MetaTrader 4/5
- Trade Copiers: Allowed Coppy Own Trades
- Tech They Use: Own Tech
- News Trading: Allowed
- Payout Frequency: Bi-Weekly
- Transparency: No Leaderboard
- Broker They Use: Own Brocker
- Payout Methods: Bank Wire, PayPal, Crypto
- Countries Not Allowed: Ony USA
- $10K Account Price: $129
- Profit Split: 80%
Audacity Capital is a bit expensive for its challenging fees
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:
- Launched In: 2021
- EAs Trading: Allowed
- Platforms: MetaTrader 4/5, cTrader, DXTrade
- Trade Copiers: Allowed
- Tech They Use: Advanced Analytics Dashboard
- News Trading: Allowed
- Payout Frequency: Bi-Weekly
- Transparency: Traders Leaderboard
- Broker They Use: Own Brokers
- Payout Methods: Rise, Wise, and Bank Wire
- Countries Not Allowed: Afghanistan, Belarus Burundi, Central African Republic, and more countries
- Challenge Fee Refund: Yes, on the first payout.
- $10K Account Price: $97
- Profit Split: 80%
Alpha Capital Group is one of the best prop firms.
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:
- Launched In: 2021
- EAs Trading: Allowed
- Platforms: MetaTrader 5, cTrader, Match Trader
- Trade Copiers: Allowed (Own Trades Only)
- Tech They Use: Own Tech
- News Trading: Allowed
- Payout Frequency: Bi-Weekly
- Transparency: Traders Leaderboard
- Broker They Use: Virtual Markets
- Payout Methods: Wise, Plane
- Countries Not Allowed: Afghanistan, Kenya, Zambia, Ethiopia, Philippines, Russia, Pakistan, and more countries
- Challenge Fee Refund: Yes, after achieving the first payout.
- $10K Account Price: $132
- Profit Split: 80%.
E8 Market’s simple and efficient evaluation model makes it appealing for traders 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:
- Launched In: 2022
- EAs Trading: Allowed
- Platforms: MetaTrader 4/5, cTrader
- Trade Copiers: Allowed
- Tech They Use: Own Tech
- News Trading: Allowed
- Payout Frequency: Bi-Weekly
- Transparency: No Traders Leaderboard
- Broker They Use: Own Broker
- Payout Methods: Perfect money, Crypto, Rise
- Countries Not Allowed: Bangladesh, North Korea, Syria, the United States, American Samoa, and more countries
- Challenge Fee Refund: Yes, on the first payout
- $10K Account Price: $59
- Profit Split: Up to 90%.
Funded Next is ideal for traders seeking flexible account options and excellent support.
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:
- Launched In: 2022
- EAs Trading: Allowed
- Platforms: cTrader, Match-Trader, TradeLocker
- Trade Copiers: Allowed
- Tech They Use: Own Tech
- News Trading: Allowed
- Payout Frequency: Bi-Weekly
- Transparency: Traders Leaderboard
- Broker They Use: Own Broker
- Payout Methods: Bank Wire, Direct Crypto, Wise
- Countries Not Allowed: USA
- Challenge Fee Refund: Yes, upon successful first payout.
- $10K Account Price: $66
- Profit Split: 80%.
Funding Pips easy process is perfect for beginner and intermediate traders.
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:
- Launched In: 2023
- EAs Trading: Allowed
- Platforms: MetaTrader 4/5
- Trade Copiers: Allowed
- Tech They Use: Proprietary Analytics
- News Trading: Allowed
- Payout Frequency: Bi-Weekly
- Transparency: No Leaderboard
- Broker They Use: Reputable Third-Party Brokers
- Payout Methods: Bank Transfer via Rise, Direct Crypto
- Countries Not Allowed: Bangladesh, United States, American Samoa, Puerto Rico, Grenada, and more countries
- Challenge Fee Refund: On First Payout
- $10K Account Price: $100
- Profit Split: 80%.
Funding Traders is ideal for those seeking flexibility and scalability.
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:
- Launched In: 2024
- EAs Trading: Allowed
- Platforms: MetaTrader 5, TradingView
- Trade Copiers: Allowed
- Tech They Use: Think Markets Tech
- News Trading: Allowed
- Payout Frequency: Bi-Weekly
- Transparency: No Leaderboard
- Broker They Use: Think Markets
- Payout Methods: Bank Wire, Crypto Payments
- Countries Not Allowed: Afghanistan, Libya, Somalia, Syria, Zambia, Ukraine, and more countries
- $10K Account Price: $99
- Profit Split: 80%.
Think Capital’s flexibility in integrating Tradingview and being able to trade directly from it makes it one of the best prop firms.
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 |
 Funding Pips |
|
|
$66 |
 The5%ers |
|
 |
$78 |
 FTMO |
|
|
$93 |
 Oanda Prop Trader |
|
|
$99 |
FAQ
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