By : Matthew Martin
Updated
Forex Prop Trading Firm, fund your account, let you execute your trading strategies, and allows you to split the Profit. You need to pass an evaluation in most firms to qualify. Forex is the world’s second-largest marketplace after the stock market. A good trader can make quick and sizeable profits by trading on short-term currency trends.
We researched more than 30 Forex Firms and following is a handpicked list of 9 Top Forex traders, with their pros, cons, key statistics, and website links.
Best Forex Trading Firms for Instant Funding
#1 Best Overall
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| Name | Fidelcrest | TopStepTrader | OneUp Trader | FTUK |
| Initial Balance: | up to $1 million | 200k buying power for $125 monthly. | $25,000 upto $250,000 | $14,000 |
| Forex Pair Supported: | EURUSD, EURJPY, GBPUSD, GBPJPY, AUDUSD, CHFUSD, AUDCHF, EURGBP, NZDJPY, etc. | EUR/USD, XAU/USD, XAG/USD, AUD/USD, NZD/USD, GBP/USD | EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF and NZD/USD | EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF, etc. |
| Profit Split: | Up to 90% | Up to 50% | Up to 90% | Up to 80% |
| Link | Learn More | Learn More | Learn More | Learn More |
1) Fidelcrest
Best for crypto experts
Fidelcrest helps in gaining 90% to 80% of profit. Established in 2018, Fidlecrest offers courses that help in creating sustainable long-term profits. It has the fastest evaluation program that helps you start managing prop trading firm capital of up to 2 million USD.
This platform offers a minimum number of objectives and has simple rules. It also includes no recurring charges, hidden fees, or membership fees. Additionally, its trading period starts anytime you open the position and ends after 60 calendar days.
Features:
- Trading: Fidlecrest lets you hold positions even on weekends and overnight. It allows you to open accounts automatically and openly. This platform offers raw spreads that start from 0 pips and 0 commissions.
- Rates: Its leverage rates are up to 1:100, which applies to all traders. Fidlecrest pays 40% profit if you pass the phase 2 exam and provides 10 minimum trading days. You also get a fair profit split up to 90% always.
- Instruments: Its traders can trade 175+ products with spreads and commissions. Some of the products are Forex, metals, stocks, commodities, and others.
- Account analysis and automation: It has proprietary software that helps track trading objectives and progress. You also get automated monitoring 24/7 that makes account metrics available in the trader area.
- Support: Its support is available in Europe, Asia, the Americas, and Africa.
- Forex pair supported: EURUSD, NZDJPY, GBPUSD, EURJPY GBPJPY, AUDUSD, AUDCHF, CHFUSD, EURGBP, etc.
Pros
- It lets in newer traders with low funding.
- There are no limits on instruments or volumes traded.
- It offers a profit of up to 5% to 20% of your initial account balance.
- Fidlecrest has unlimited free entries.
Cons
- The technical support may not be available on Saturdays and Sundays.
- The phase 2 verification stage is quite tough.
Profit-sharing Up to 90%
2) TopStepTrader
Best for Forex & Futures traders
TopStepTrader is a financial technology firm for day traders to operate in real-time simulated accounts and assess their profit/loss performance. It was founded in 2012 and is now one of the best prop trading firms with no capital contribution. Traders passing the firm’s evaluation get a trading account to operate in the forex market using the firm’s Capital.
Features:
- Buying power of up to $500,000.
- Small monthly fee.
- Excellent reputation.
- Simple rules.
- News event trading, holding positions overnight, and weekends allowed.
- It offers 14 days risk-free trial
- You have to maintain a profit target of $3,000
- The maximum loss allow is $1,000
Pros
- Choose 1:1 coaching, group coaching, or both!
- Personalized stats and tips are provided to improve performance.
- It helps you to understand your performance and helps you to grow.
- You can connect with expert traders via call, chat, WhatsApp, or email.
- Traders who pass the evaluation get a trading account to operate in the Forex market using the firm’s Capital.
Cons
- The company doesn’t provide bonuses, automated Trading, or other passive income options.
- Their support service works only on weekdays during set hours.
- Rules might seem too complex.
Profit-sharing Up to 50%
3) OneUp Trader
Best Overall
OneUp Trader is one of the best funded trader program firms in the United States. It has helped numerous funded traders worldwide to earn higher profits on their trading skills.
This Forex trading prop firm comes with No data fees or hidden fees. Once you clear 1-Step Evaluation, you can get up to 90% profit and receive real money.
Features:
- Flexible trading: There are no restrictions on trading styles, and it supports all strategies. It also comes with news-based trading and includes easy-to-understand rules.
- High Payout Ratio: Fast-Track your success with a quick start bonus. Funded traders keep 100% of their first $10,000 profits for the 90% split option.
- Simplified Funding: Achieve simple, fair and attainable funding goals. No fine print, no hidden fees or grey areas.
- Trailing Drawdown: The Trailing Drawdown will increase at a defined distance as your account balance increases.
- Forex pair supported: EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF and NZD/USD etc.
Pros
- No data fees or hidden fees
- FREE and unlimited profit withdrawals from day 1
- No Daily Drawdown
Cons
- The firm requires traders to put a stop-loss on each trade.
- During OneUp Trader audition, in the event of a hard breach account access will be revoked.
Profit-sharing 90%
4) FTUK
Best for high rewards
FTUK is a Forex trading firm that allows you to select from an instant funding program and an evaluation program. After opening an account, you need to achieve a specific Profit target which you must reach to scale your account balance. Upon successfully completing their program, you are rewarded with 50-80% profit splits and a double up on your account balance.
Features:
- Instant funding method
- Allows News trading
- Zero commission or swap fees
- Manage up to $6,720,000 capital
- It allows weekend and overnight positions
- Founded: 2021
- FX Pairs Supported: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF, AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, etc.
- Free Trial: No
Pros
- No minimum trading days
- Single-phase evaluation process
- Fast payment procedures
Cons
- It offers low leverage 10:1 & 30:1
- Only 1.5% Max stop loss risk limit on low-risk account types
Profit-sharing Up to 80%
5) FTMO
Best secure funded trading platform
FTMO Forex Fund Trading Program offers traders large capital to have enough leverage to trade with profits. Once this is achieved, these profits are split between yourself and the Proprietary Firm. FTMO is one of the best forexes funded programs designed for profitable and talented Forex traders.
Features:
- Financing up to $200,000
- Good reputation and references
- It doubles the size of the trading account every time you reach a 10% target.
- Does not have any liability for losses
- Location: Czech Republic
- FX Pairs Supported: EURUSD, GBPUSD, GBPJPY, USDCAD, and AUDUSD
- Pricing: €155 per monthly Fee
- Free Trial: 30 Days
Pros
- Single Payment and no monthly subscriptions
- Simple trading rules and account limits
- Offers unlimited time to complete
Cons
- Weekly Loss Limit is only USD$500
Profit-sharing 90%
6) Traders4Traders
Best for larger accounts
Traders4Traders provides great opportunities for those wanting to earn by trading in the forex markets. They offer risk-free initial evaluation, extensive trading, and specialized advanced trading tools that will equip you for success. You need to make a single payment and no monthly subscriptions. This online forex broker also provides unlimited Time to Achieve Profit targets.
Features:
- Offers great forex trading education
- Funding up to $1M
- Specialized Forex training programs
- Rapid scaling Program
- Does not have a limit on the profit target
- Easy automated Risk Management
- FX Pairs Supported: AUDCAD, AUDCHF, AUDCNH, AUDHKD, AUDJPY, AUDNZD, AUDSGD, AUDUSD, CADCHF, CADJPY, CADSGD CHFSGD, CNHJPY, EURAUD, EURCAD, EURCHF, EURDKK, EURGBP, EURHKD, EURJPY. EURMXN EURNOK.
- Refundable Registration Fee: Yes
Pros
- Single Payment and no monthly subscriptions
- Simple trading rules and account limits
- Offers unlimited time to complete
Cons
- Weekly Loss Limit is only USD$500
Profit-sharing Up to 80%
How to Choose the Best Forex Trading Firm?
Here are points that you need to consider for selecting the Best Forex Trading Firm:
- It is important that you do the proper research and find a forex trading firm with a good reputation.
- You should also consider the company’s history, client testimonials, and team size.
- Look for a Forex prop trading firm that has been in the business for a long time and has a good track record.
- You should consider the company’s financial strength and the level of experience of its employees.
- You should opt for a firm that provides comprehensive forex trading education.
- You need to make sure that your selected firm should answer any questions regarding the forex trading process.
- You need to consider the fees and commissions that the firm charges.
FAQs
Forex Trading is the process of buying and selling currencies with the intention of making a profit. It is one of the most volatile and risky investment options. However, due to its constantly changing prices, Forex trading can be highly lucrative for those who are skilled at it.
Here are the Best Forex Prop Trading firms:
- Fidelcrest
- TopStepTrader
- OneUp Trader – Best Overall
- FTUK – Best for high rewards
- Traders4Traders – Best for larger accounts
- FTMO – Best secure funded trading platform
Best Forex Prop Firms
#1 Best Overall
| | |
| |
| Name | Fidelcrest | TopStepTrader | OneUp Trader | FTUK |
| Initial Balance: | up to $1 million | 200k buying power for $125 monthly. | $25,000 upto $250,000 | $14,000 |
| Forex Pair Supported: | EURUSD, EURJPY, GBPUSD, GBPJPY, AUDUSD, CHFUSD, AUDCHF, EURGBP, NZDJPY, etc. | EUR/USD, XAU/USD, XAG/USD, AUD/USD, NZD/USD, GBP/USD | EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF and NZD/USD | EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD, USD/CHF, etc. |
| Profit Split: | Up to 90% | Up to 50% | Up to 90% | Up to 80% |
| Link | Learn More | Learn More | Learn More | Learn More |
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