Best Prop Firms 2025
Comprehensive comparison of proprietary trading firms across futures, forex, and stocks
Finding the Best Prop Firm
Proprietary trading firms provide funded accounts to traders who pass their evaluations. With dozens of prop firms now available, choosing the right one can be overwhelming.
The "best" prop firm depends on what you trade (futures, forex, stocks), your trading style (scalping, swing, day trading), and what rules you can realistically follow. A firm that's great for one trader may be terrible for another.
This guide compares the top prop firms across all markets to help you make an informed decision.
Best Prop Firms by Market
Futures
ES, NQ, crude, gold, and more. Usually simpler rules than forex.
- 1. Apex Trader Funding
- 2. TopStep
- 3. Earn2Trade
- 4. TradeDay
Forex
Currency pairs with 24/5 trading. Often stricter rules.
- 1. FTMO
- 2. The5ers
- 3. MyForexFunds
- 4. Funded Next
Stocks/Options
Equities trading. Fewer options available.
- 1. Trade The Pool
- 2. Maverick Trading
- 3. SMB Capital
Prop Firm Comparison Table
Prices are typical/promotional. All firms run sales - verify current pricing.
| Firm | Market | Account Sizes | Profit Split | Daily Limit? |
|---|---|---|---|---|
| Apex Trader Funding | Futures | $25K - $300K | 100%/90% | No |
| TopStep | Futures | $50K - $150K | 100%/90% | Yes |
| Earn2Trade | Futures | $25K - $200K | 80-90% | Varies |
| FTMO | Forex | $10K - $200K | 80-90% | Yes (5%) |
| The5ers | Forex | $6K - $4M | 50-100% | Varies |
| MyForexFunds | Forex | $5K - $300K | 75-85% | Yes (5%) |
| Funded Next | Forex | $6K - $200K | 80-90% | Yes |
Top Futures Prop Firms
Apex Trader Funding
Most popular futures prop firm. Simple one-step evaluation with no daily drawdown limit (trailing only). Aggressive promotions make it very affordable.
TopStep
One of the original futures prop firms with excellent reputation. Stricter rules with daily drawdown limits but great education and transparency.
Earn2Trade
Offers multiple evaluation paths and strong educational resources. Partners with real broker Helios for funded accounts. Good scaling opportunities.
Top Forex Prop Firms
FTMO
The most well-known forex prop firm globally. Two-phase evaluation with strict rules. Excellent reputation for payouts and transparency.
The5ers
Unique scaling program that can grow accounts to $4M. Multiple program types including instant funding options. Lower starting splits but excellent growth potential.
How to Choose the Best Prop Firm for You
What You Trade
Choose a firm that specializes in your market. Futures firms differ significantly from forex firms.
Rules You Can Follow
Daily limits, news restrictions, overnight rules - pick a firm whose rules match your style.
Total Cost
Consider evaluation fees, monthly costs after funding, and how many attempts you might need.
Profit Split
Compare profit splits but also consider how easy it is to actually get funded and stay funded.
Payout Schedule
Some firms pay weekly, others bi-weekly or monthly. Know when you can access profits.
Reputation
Research reviews, payout proofs, and how long the firm has operated. Avoid new/sketchy firms.
Before You Sign Up
Important considerations before paying for any prop firm evaluation:
Our Recommendations
For Futures Traders: Start with Apex Trader Funding during a promotion. The simple rules and no daily limit make it easier to pass. If you prefer stricter structure and education, TopStep is excellent.
For Forex Traders: FTMO is the gold standard with excellent reputation and refundable fees on pass. If you want a scaling path, consider The5ers.
Budget Tip: Never pay full price. All major prop firms run regular promotions (50-80% off). Sign up for their email lists and wait for sales.
Frequently Asked Questions
What is the best prop firm overall?
The best prop firm depends on what you trade. For futures, Apex Trader Funding and TopStep are top choices. For forex, FTMO and The5ers are highly regarded. Consider your trading style, the rules you can follow, and total costs when choosing.
What is the cheapest prop firm?
Many prop firms offer deep discounts. Apex Trader Funding frequently has 80% off sales ($35 for $50K). FTMO has sales around holidays. The cheapest option is often whoever has the best current promotion rather than the lowest list price.
Are prop firms worth it?
Prop firms can be worth it for consistently profitable traders who lack capital. You can trade much larger size than your own funds would allow. However, most traders fail evaluations, so they're only "worth it" if you have a proven, profitable strategy.
What percentage of traders pass prop firm challenges?
Estimates suggest 5-15% pass, though official data is limited. Some firms report higher pass rates, but funded trader retention (staying funded long-term) is even lower. Success requires consistent profitability and strict rule adherence.
Should I start with forex or futures prop firms?
It depends on your experience. Forex prop firms often have stricter rules but trade 24/5. Futures prop firms have defined market hours and some have simpler rules (no daily limits). Trade what you're experienced with rather than switching for prop firm convenience.
Information accurate as of December 2025. Verify current rates and terms with providers directly.
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Risk Disclosure: Trading involves substantial risk of loss and is not suitable for all investors. This content is for educational purposes only and does not constitute financial advice.
Last updated: December 2025