In this article, we’ll dive into the 5 best futures prop trading firms we observe on the market right now. Many prop trading firms often offer a variety of unique perks and opportunities to prove your trading capabilities in a variety of markets. There are a lot of proprietary trading firms out there, and it’s often difficult for traders to know where they should turn in the prop trading market. If you’re new to the world of prop trading, it’s important to learn the benefits of prop trading firms, and find which ones offer the most to potentially help advance your trading career.
This list of leading proprietary trading firms aims to be concise, easy to read, and focused on highlighting the main factors you should consider when looking at the best prop firms.
Let’s delve deeper:
Our Ranking Of The Best Prop Firms For Futures
- #1: Apex Trader Funding
- #2: MyFundedFutures
- #3: TopStep
- #4: Top Tier Trader
- #5: OneUp Trader
#1 – Apex Trader Funding
Overview:
Apex Trader Funding is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts the highest pass rate for its evaluation program out of all the futures prop firms on this list. It is also by far the most friendly option for beginner futures traders. They offer a straightforward path to live trading with a selection of evaluation options which you can qualify in as little as 7 days. You will trade mini or microcontracts in the evaluation period, and once the evaluation has been passed, you will move to a funded account and get paid for your trading skills.
Traders receive 100% of their first $25,000 earned per account with up to 20 accounts active at once and 90% after that, meaning this platform pays the most of any futures prop trading account. There are no daily drawdowns, you can trade on holidays and use your own system to get the best results.
Moreover, there’s no cap on payouts and you will see real-time data that can help you make the best decisions. Traders will use Rithmic or Tradovate, and can choose from one of several different accounts that will come with a particular number of contracts, a profit goal, trailing threshold and more.
Headquarters:
United States
What Can You Trade:
Futures
Profit Share:
100% of the first $25k then 90/10
Highlights:
Variety of Funded Programs – They offer a range of funded prop trading programs with different accounts sizes, many more than other futures prop trading firms
Quick Evaluation Process – Through a structured evaluation, traders can qualify in as little as 7 days
Robust Educational Platform – A strong emphasis on education, with resources and a community to help nurture and develop aspiring traders.
Summary:
Apex Trader Funding is a prominent player in the prop trading sector, which primarily attracts novice futures traders. They stand out for their user-friendly approach to live trading, and the several evaluation options they offer. With an 90/10 profit share ratio, Apex Trader Funding provides a variety of funded trading programs designed to accommodate different trading habits styles and preferences. The firm places a strong emphasis on education, while offering a supportive community and several resources to nurture and develop aspiring traders. This makes Apex Trader Funding a compelling choice for those looking to enter the world of futures trading.
Pros:
- Provides a straightforward, one-step evaluation path to live trading.
- By far the highest evaluation pass rate in the space
- High first payout to get started on the right foot
- No scaling or failing by going over contract size
- No daily drawdowns
- Strong emphasis on education to nurture aspiring traders.
Cons:
- Primarily focused on futures trading, which may not cater to traders interested in other asset classes.
- Their evaluation may be challenging for some traders.
#2 – MyFundedFutures
Overview:
MyFundedFutures is a prop trading firm that has gained attention for its accessible approach to funding futures traders. The firm offers a clear path to funding for traders, with an emphasis on flexible trading strategies and a supportive learning environment.
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Location:
United States
What Can You Trade:
Futures
Profit Share:
90/10
Highlights:
Accessible Funding Path – MyFundedFutures provides an accessible route for traders to get funded, with a focus on simplicity and transparency in its evaluation process. It’s one step challenge has a 25% pass rate in the first step.
Flexible Trading Strategies – The firm allows a range of trading strategies, giving traders the freedom to trade in a manner that suits their style and strengths.
Supportive Learning Environment – Emphasis on education and a supportive learning environment, including resources and community support.
Fastest Industry Payouts – MyFundedFutures has the fastest payouts in the futures prop trading space which has become more and more important with some of the other futures prop trading firms taking weeks to payout.
Summary:
MyFundedFutures stands out for its accessible approach to funding traders in the futures market. It’s a newcomer to the market, but is catching fire with a lot of prop traders as it is addressing a lot of the major issues a lot of the futures prop trading firms have. With its flexible trading strategies and a supportive learning environment, the firm offers a conducive platform for both new and experienced traders to grow and succeed.
Pros:
- Offers an accessible and transparent path to funding for futures traders.
- Allows a variety of trading strategies, providing flexibility to traders.
- Strong emphasis on education and a supportive learning environment.
- One of the highest profit shares in the industry (90/10)
Cons:
- The focus is solely on futures trading, limiting opportunities for those interested in other markets.
- Might require some level of experience in futures trading to successfully navigate the evaluation process.
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#3 – Topstep
Overview:
Topstep is very well known and reputable prop trading platform. It is definitely an established player in the space but not as good of an opinion as Apex Trader Funding which we mentioned above.
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Location:
United States
What Can You Trade:
Futures
Profit Share:
80/20
Highlights:
Comprehensive Evaluation – The evaluation period at Topstep is designed to help traders prove their trading skills and risk management abilities. It consists of a Trading Combine and a Funded Account stage, ensuring that only skilled traders make it through to trade the funded capital.
Education & Performance Coaching – Although most of this is an additional charge, Topstep provides a plethora of educational resources on their trading platform to help traders improve their trading skills. Additionally, they offer performance coaching services to provide personalized advice and strategies for traders.
Community Support – Topstep has a strong community of traders who support each other through forums and social media groups. This community helps traders to share experiences, strategies, and get support from fellow traders.
Summary:
Topstep secures the #3 spot on our list due to its robust screening and the opportunity it provides to start trading a funded prop trading account without risking personal capital. The two-phase evaluation, consisting of a Trading Combine and a Funded Account stage, is rigorous but fair, ensuring that only skilled traders are able to access the funded capital for this trading pit.
Although most of this is an additional charge, one notable highlight of Topstep is its focus on education and performance coaching. Traders have access to a wealth of educational resources to improve your trading experience. Additionally, the performance coaching services provide personalized advice to help traders develop strategies and manage risks effectively.
Pros:
- Offers a fair and comprehensive assessment to prove your trading skills and access a funded account
- A strong focus on education and performance coaching to help traders improve their skills
- Supportive community of traders to share experiences and strategies
Cons:
- Only trading in Futures and Forex trading available, limiting options for traders interested in other asset classes
- The qualifying can be challenging and may not be suitable for complete beginners
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#4 – Top Tier Trader
Overview:
Top Tier Trader embraces traders of all levels, offering funded trading opportunities alongside a structured pathway to trading success. With a strong emphasis on education and ongoing support, they aim to create a conducive environment to grow and develop healthier trading habits.
Location:
United States
What Can You Trade:
Various Assets
Profit Share:
75/25
Highlights:
Funded Trading Opportunities – Providing funded trading opportunities to both new and experienced traders.
Structured Educational Pathway – They offer a structured educational pathway to ensure traders have the necessary knowledge and skills.
Ongoing Support – Continuous support to help traders navigate the trading landscape and improve their strategies.
Summary:
Top Tier Trader provides funded trading opportunities and a structured educational pathway for traders of all levels, fostering an environment conducive to growth and success. Their profit share ratio is set at 75/25, ensuring that traders can retain a significant portion of their earnings. They provide continuous support in their efforts to help traders navigate the trading landscape and refine their strategies. Top Tier Trader is a versatile prop trading firm, making it an excellent choice for those looking to develop and excel in the trading world.
Pros:
- Offers funded trading opportunities to both new and experienced traders.
- Structured educational pathway enhances trading knowledge and skills.
- Ongoing support to help traders improve their strategies.
Cons:
- Profit share ratio may be less favorable compared to other prop trading firms.
- The range of tradable assets could be limited compared to larger prop trading firms.
#5 – OneUp Trader
Overview:
OneUp Trader is a reputable firm in the prop trading arena, offering traders an opportunity to trade a funded account without risking personal capital. They are known for their straightforward evaluation process and supportive trading community.
Location:
United States
What Can You Trade:
Futures
Profit Share:
80/20
Highlights:
Straightforward Evaluation Process – The evaluation process is designed to be straightforward, allowing traders to showcase their skills and progress to a funded account.
Supportive Trading Community – OneUp Trader has a supportive community where traders can share experiences, learn from each other, and improve their trading strategies.
Diverse Range of Trading Scenarios – They offer a diverse range of trading scenarios to cater to different trading styles and strategies.
Summary:
OneUp Trader secures a notable position in the prop trading space with its straightforward evaluation process and supportive community. Like many prop firms, they provide an opportunity for traders to trade a funded account without risking personal capital, making it a viable option for traders looking to improve their skills and earn while trading.
Pros:
- Straightforward evaluation process facilitates a smooth transition to a funded account.
- Supportive trading community provides a platform for learning and sharing experiences.
- Diverse range of trading scenarios caters to different trading styles and strategies.
Cons:
- Primarily focused on futures trading, which may not cater to traders interested in other asset classes.
- The evaluation process, while straightforward, may still pose a challenge for complete beginners.
