10 Best Prop Trading Firms

DNA Funded

Based on our analysis of the top 20 firms, we found DNA Funded to be the best prop firm overall with a score of 97/100. The new Australian prop trading firm backed by the regulated forex broker Eightcap ensuring tight spreads and some of the best trading conditions, and prop traders access to capital through flexible one-step and two-step challenges. As well as low spreads and a solid reputation, DNA Funded stands out with competitive challenge fees, a generous 80% profit split, and reliable trading platforms like TradeLocker and DXTrade. It is set to provide great market access, allowing traders to access forex markets, commodities, indices, stocks, and cryptocurrencies.

Why We Like DNA Funded 

• Minimum spreads of 0 pips sourced from Eightcap
• Low commission fee of $5 on entry only
• Competitive challenge fees from $39
• One or two step evaluation
• Profit share of 80%
• DXtrade or TradeLocker + TradingView
• Forex, crypto, index, commodity, and stock trading

Prop Challenges and Accounts

DNA Funded offers three challenge types, catering to various trading styles:

• Single Helix (1-step challenge): Account sizes from $5,000 to $200,000. Fees range from $49 to $1,099, with a 10% profit target and no time limits, making it ideal for swing traders and those focused on longer-term strategies.
• Double Helix (2-step challenge): Account sizes also range from $5,000 to $200,000, with fees starting at $39. Phase 1 requires a 10% profit target, while Phase 2 lowers it to 5%, with flexible trading days.
• Pro Challenge (1-step challenge): Designed for advanced traders with account sizes ranging from $10,000 to $100,000. This challenge requires a 5% profit target to be met within 10 days, with a stricter drawdown limit, making it suitable for scalpers or high-frequency traders.

Markets and Leverage

DNA Funded offers access to forex, commodities, indices, stocks, and crypto markets (with restrictions on crypto in the Pro Challenge). Leverage options go up to 1:50 for forex (Double Helix) and 1:30 for other challenges.

Trading Platforms

DNA Funded offers two platform options:

1. TradeLocker: Integrated with TradingView, ideal for manual traders who rely on technical analysis and advanced charting tools. It is user-friendly and allows on-chart trading with one-click trade execution.
2. DXTrade: Another platform available, though TradeLocker is recommended due to better reliability.

Trust and Community 

DNA Funded is backed by Eightcap, a well-known ASIC-regulated broker, ensuring tight spreads and reliable execution. While DNA Funded is new, its connection to Eightcap boosts its credibility.

The firm is also developing an active trading community through its Discord channel, offering a space for traders to connect and share insights.

Our Verdict on DNA Funded

DNA Funded shows great promise as a new prop trading firm, offering flexible challenges, low fees, and an 80% profit split. Backed by Eightcap, it provides reliable market access across forex, commodities, indices, stocks, and crypto. With user-friendly platforms like TradeLocker and growing community support, DNA Funded is positioned to be a solid choice for both new and experienced traders looking for a new prop challenge.

DNA Funded Review

IC Funded

IC Funded came in second place with a score of 94/100, thanks to its low audition fees and strong connection to IC Markets. As a sister company to one of the best forex brokers in the world, the prop firm is able to provide spreads as low as 0 pips plus a competitive commission fee of $3.50 per side. IC Funded is a great option for those looking for the tightest spreads available, and funded accounts are rewarded with a profit split of 75% to 80% after passing the two-phase evaluation process.

Why We Like IC Funded 

• Low fees starting from $49
• Profit share between 75% and 80%
• Straightforward two-phase evaluation process
• Forex trading, commodities, and indices
• Spreads as low as 0 pips plus $3.50 commission
• Popular platforms like MT4, MT5, and cTrader

Prop Challenges and Accounts

IC Funded offers a total of seven evaluation levels, with account sizes ranging from $5,000 to $500,000. Our full IC Funded Review found the audition fees to be competitive, allowing traders to demonstrate their skills without risking significant capital.

Markets and Leverage

Our research found that IC Funded offers a broad range of financial markets, including:

• Forex: 66 currency pairs, covering majors, minors, and exotics.
• Commodities: 5 commodities, including gold and oil.
• Indices: 25 global indices CFDs.

Leverage options vary, with up to 50:1 available for forex and gold, and 10:1 for indices and other commodities.

Trading Platforms

IC Funded provides access to the three most popular trading platforms: MT4, MT5, and cTrader. Each platform is equipped with unique features that cater to different trading styles.

Trust and Community 

IC Funded is backed by IC Markets, a well-established and regulated broker. This connection enhances trust and provides traders with confidence in the firm’s reliability. While IC Funded is not regulated itself, the oversight from IC Markets by regulators like ASIC in Australia adds a layer of security. The firm fosters a supportive trading community, allowing traders to engage and share insights.

Our Verdict on IC Funded

IC Funded is one of the best prop firms for traders seeking access to funded accounts with low entry costs and a solid profit-sharing model. The clear evaluation process, diverse market access, and support for popular trading platforms make it a top choice in the prop trading space.

IC Funded ReviewVisit IC Funded

OANDA Prop Trader

OANDA Prop Trader is ranked third with a score of 90/100, and while suited to all levels of trading experience, is a great prop firm for beginners new to prop challenges. With affordable entry fees starting from just $35 and profit splits reaching up to 90%, OANDA provides a straightforward and accessible path to funded trading. Backed by the trusted OANDA brand, traders can access a range of markets including forex, indices, and commodities, all on the reliable MetaTrader 5 platform. Whether you’re looking to start small or aim for larger profits, OANDA’s flexible challenges make it an attractive option for traders of all levels.

Why We Like OANDA

• Affordable entry fees starting from $35
• Profit split up to 90%
• Accessible for beginner traders
• Reliable MT5 trading platform

Prop Challenges and Accounts

OANDA Prop Trader offers two styles of prop challenges:

1. Classic Challenge: Suitable for beginners, with account sizes ranging from $5,000 to $500,000. Profit splits are set at 80%, with fees starting at $35. Traders must meet an 8% profit target in Phase 1 and 5% in Phase 2, with a 5% daily loss limit and 10% total drawdown. Successful traders get a refund of their challenge fee after their first profit payout.
2. Boost Challenge: Designed for experienced traders, offering profit splits of up to 90% with account sizes from $25,000 to $188,888. The evaluation follows the same targets as the Classic Challenge, but with higher rewards and fees ranging from $249 to $888.

Markets and Leverage

OANDA provides access to 56 instruments, including forex, indices, and commodities. Leverage goes up to 100:1 for forex, and 50:1 for indices and commodities, offering traders ample market exposure.

Trading Platforms

OANDA Prop Trader uses MetaTrader 5 (MT5), a popular platform with advanced charting tools and support for automated trading through Expert Advisors (EAs). While MT5 is a solid choice for most traders, some may find the lack of platform variety limiting.

Trust and Community 

Backed by the well-established OANDA brand, this prop firm benefits from a strong reputation within the trading industry. Although OANDA Prop Trader isn’t regulated, its connection to the larger OANDA brand lends it credibility and trust.

Our Verdict on OANDA

OANDA Prop Trader offers a solid option for both beginners and experienced traders, with flexible account sizes and competitive profit splits of up to 90%. The low entry fees, especially in the Classic Challenge, make it accessible for newer traders, while the Boost Challenge provides higher returns for those seeking larger profits. However, the limited platform choice and lack of cryptocurrency trading may be a downside for some.

OANDA ReviewVisit OANDA

Blueberry Funded

Blueberry Funded is a prop trading firm that came in fourth place in our rankings with a score 89/100. Funded traders gain a 80% profit split, and to get to funded status, they can choose from three challenge types—1 Step, 2 Step, and Rapid—designed to suit different trading styles. With account sizes ranging from $5,000 to $200,000, Blueberry Funded provides flexibility for both new and experienced traders, with challenge fees starting at just $40.

Why We Like Blueberry Funded

• Low challenge fees from $40
• Access to cryptocurrency trading
• Scaling up to $2 million in capital
• Competitive trading conditions, including tight spreads

Prop Challenges and Accounts

Blueberry Funded offers three main challenge types:

1. One Step Challenge: This single-phase evaluation is ideal for experienced traders looking for a straightforward process. It has a 10% profit target and static drawdown rules, with account sizes from $5,000 to $200,000 and fees starting at $40.
2. Two Step Challenge: More suited for traders who prefer a multi-phase evaluation. The two-step process requires traders to meet a 10% profit target in Phase 1 and 5% in Phase 2. The evaluation is flexible with no time limit, and account sizes range from $5,000 to $200,000 with fees from $35.
3. Rapid Challenge: Designed for traders who can meet targets quickly, this challenge has a 7-day evaluation period and a 5% profit target. It’s fast-paced, with a trailing drawdown, and fees range from $50 to $300 for account sizes between $10,000 and $100,000.

Markets and Leverage

Blueberry Funded offers access to 128 financial markets, including forex, indices, commodities, and cryptocurrencies. The firm stands out by allowing crypto trading, with leverage options up to 1:50 for forex and 1:30 for other assets. This broad market access provides ample opportunities for traders to diversify their strategies.

Trading Platforms

Blueberry Funded offers three trading platforms:

• MetaTrader 4 (MT4): Best for forex traders, with strong support for Expert Advisors (EAs) and advanced charting tools.
• MetaTrader 5 (MT5): Offers additional features like Depth of Market (DOM) and multi-threaded backtesting for more advanced traders.
• DXTrade: A browser-based platform, which, while flexible, lacks the advanced features of MT4 and MT5, making it less ideal for active traders.

Trust and Community

While Blueberry Funded is a newer prop firm, it is backed by Blueberry Markets, a well-known, ASIC-regulated broker with a strong reputation. The prop firm also provides an active Discord community with over 11,000 members, providing peer support and financial market insights.

Our Verdict on Blueberry Funded 

Blueberry Funded offers competitive pricing, diverse market access, and three well-structured challenges, making it a strong option for both beginner and advanced traders. The availability of crypto trading and its scaling plan to $2 million give it a unique edge, though the lack of educational resources and limited payment options may be drawbacks for some traders.

Blueberry Funded ReviewVisit Blueberry Funded

Topstep

Topstep earned a score of 89/100 in our rankings and is the best option for traders focused on futures markets. With a structured three-step evaluation process, Topstep allows traders to progress at their own pace, offering profit splits of up to 100% on the first $10,000 and 90% thereafter. Its diverse platform options, including NinjaTrader and TopstepX, and emphasis on risk management make it a strong choice for futures traders.

Why We Like Topstep

• 100% profit split on the first $10,000
• No time limit to complete the Trading Combine
• Commission-free trading on TopstepX platform
• Access to popular futures platforms like NinjaTrader

Prop Challenges and Accounts

Topstep offers a structured, three-stage evaluation process for futures traders, designed to progressively test and reward consistent trading performance.

• Trading Combine: In this first stage, traders are evaluated in a simulated trading environment. The Combine comes with a monthly fee, ranging from $49 to $149 depending on the account size ($50k, $100k, or $150k). This fee structure is different from other prop firms that charge one-time audition fees. Traders must meet specific profit targets while adhering to daily and overall loss limits, and there are no time limits to pass the Combine.
• Express Funded Account: Once traders pass the Trading Combine, they progress to the Express Funded Account, where they can begin earning real profits, though trading still occurs in a simulated environment. There is no recurring monthly fee at this stage, but traders must pay a one-time activation fee of $149. This phase helps traders adjust to live conditions without risking real capital.
• Live Funded Account: This is the final stage, where traders gain access to real capital and can trade in live markets. Topstep offers a generous payout structure where traders keep 100% of their first $10,000 in profits and 90% of profits after that. The key challenge in this stage is adhering to strict risk management rules, as exceeding the maximum loss limit results in account closure.

Markets and Leverage

Topstep exclusively offers futures markets, which differ from forex or CFD markets because there are no spreads involved. Instead, traders pay exchange fees, commissions, and clearing fees for each trade. These fees vary depending on the platform and data feed used, but they generally include:

• Exchange Fees: These are standard for futures trading and vary depending on the product and market (e.g., CME, NYMEX, CBOT). Traders should expect costs per contract when trading futures products, including commodities, indices, and currencies.
• Commission and Clearing Fees: These are charged per trade to cover the costs of processing and settling trades. Topstep’s proprietary platform, TopstepX, is commission-free, which can reduce trading costs, but other platforms like NinjaTrader, Tradovate, or TradingView charge additional fees.

The maximum leverage or lot size traders can hold is determined by their account size, and Topstep traders also consider monthly data fees, especially in the Live Funded Account stage, where access to professional futures market data can cost $135 per exchange.

Trading Platforms

Topstep offers a variety of platforms catering to different trader needs. Free options include TopstepX, which is commission-free, and Quantower, known for its low-latency data. Tradovate and TradingView offer multi-device compatibility, while T4 supports mobile trading. These platforms are available during both the Trading Combine and Live Funded stages, providing flexibility based on trading style.

For advanced features, NinjaTrader is available for free during the Combine and Express Funded stages, but it incurs a $99 monthly fee at the Live Funded stage. Paid options like R|Trader Pro and ATAS offer specialized tools for order flow analysis and advanced charting, providing options for more experienced traders. Each platform connects to different data feeds, such as Rithmic and CQG, ensuring reliable market data for precision trading.

Trust and Community 

Topstep has a strong reputation, with a 4.6 TrustPilot rating from over 5,000 reviews. Their educational platform, TopstepTV, provides live coaching and market analysis, while their active Discord community of 86,000 traders offers additional support and insight.

Our Verdict on Topstep

Topstep is a solid choice for futures traders, offering flexible platforms, a clear evaluation process, and generous profit splits. While monthly fees and data costs can add up, the firm’s transparent structure and no time limit make it an excellent option for traders seeking a professional futures trading environment.

Topstep ReviewVisit Topstep

FTMO

FTMO is one of the leading prop firms scoring 83/90 thanks to its great scaling plan and offering. It provides traders with an 80% profit split, increasing to 90% for consistent performance. The firm offers a structured two-step evaluation process with clear profit targets and loss limits. FTMO is a strong choice for traders looking for growth opportunities and flexibility across account types.

Why We Like FTMO

• Flexible account types: Standard, Aggressive, and Swing
• Automatic scaling plan for growing capital
• Free demo account for practice
• 90% profit split for consistent performance
• Wide range of markets including forex, indices, commodities, and crypto

Prop Challenges and Accounts

FTMO offers three main account types:

1. Standard Account: Suitable for balanced trading with a 10% profit target during the Challenge phase and a 5% target during Verification. The daily loss limit is 5%, and the maximum overall loss is 10%.
2. Aggressive Account: For traders comfortable with higher risk, requiring a 20% profit target during the Challenge and 10% during Verification, with increased loss limits.
3. Swing Account: Designed for long-term traders, offering the flexibility to hold positions over weekends and during news events, with reduced leverage up to 1:30.

The audition fees range from €155 to €1,080, depending on the account size. FTMO offers an automatic scaling plan, increasing account sizes by 25% every four months if traders meet a 10% profit target. The firm supports accounts up to $2 million through this plan.

Markets and Leverage

FTMO provides access to a diverse range of financial markets, including 28 major and minor forex pairs, popular commodities like gold, silver, and oil, as well as global indices such as the US30, GER40, and UK100. For traders interested in cryptocurrencies, FTMO offers access to assets like Bitcoin, Ethereum, and Litecoin. Additionally, the platform supports trading in select global stocks, including leading companies like Apple, Amazon, and Tesla.

Leverage varies depending on the account:

• Standard and Aggressive: up to 1:100
• Swing: up to 1:30 for lower-risk trading over longer periods

Trading Platforms
FTMO supports four main platforms:

• MetaTrader 4 (MT4) & MetaTrader 5 (MT5): Known for automated trading and customizable tools.
• cTrader: Offers Depth of Market (DOM) and advanced charting for experienced traders.
• DXtrade: A multi-asset trading platform offering advanced functionalities but available only as a webtrader.

Trust and Community 

FTMO has earned a 4.9/5 rating on Trustpilot with over 5,000 positive reviews. The firm’s social media presence on Instagram, YouTube, and Twitter is active, focusing on educational content, tips, and trader interviews. FTMO’s support is available 24/7 via live chat, phone, and email, making them accessible and reliable for traders.

Our Verdict on FTMO

FTMO provides a great automatic scaling plan and offers solid account flexibility through Standard, Aggressive, and Swing options. With a two-step evaluation process and transparent rules, it’s a top choice for serious traders aiming for growth and consistency. However, the commission charges on trades may be drawbacks for some.

FTMO ReviewVisit FTMO

FundedNext

FundedNext has quickly become a recognized player in the prop trading space, earning a score of 83/100. Launched in 2022, it offers a high profit share, flexible trading challenges, and fast profit earning from the start of its evaluation phase.

Why We Like FundedNext

• Up to 90% profit share potential
• Earn 15% profit from day one in the challenge phase
• Dedicated account manager for support
• Account scaling up to $4 million

Prop Challenges and Accounts

FundedNext offers two main account types: Evaluation and Express. The Evaluation account requires traders to pass two phases, with a 10% profit target in phase one and a 5% target in phase two. Express accounts, on the other hand, only need a single-step challenge with a 25% profit target and no time limits. Both accounts come with a profit share starting at 60%, which can go up to 90% with consistent performance.

The Non-Consistency Express account option allows more trading flexibility, while the Consistency model offers stricter rules but larger potential account sizes.

Markets and Leverage

FundedNext provides access to 46 forex pairs, 12 indices, and 4 commodities. All markets are traded via CFDs, with leverage up to 100:1 for forex and indices, while cryptocurrencies are limited to 2:1 due to their higher volatility.

Trading Platforms

FundedNext uses MetaTrader 4 as its trading platform. Though it is considered basic by some, MT4’s reliability, flexibility, and broad range of trading tools keep it as the preferred choice for many prop traders. It allows for custom indicators and supports automated trading strategies via expert advisors.

Trust and Community

FundedNext scores well on Trustpilot with a 4.6/5 rating, reflecting its reputation for fast payouts and reliable support. It has an engaged community on platforms like Discord and Telegram, where traders discuss strategies, challenges, and more. Additionally, the firm provides a dedicated account manager for each trader, enhancing user experience and support.

Our Verdict on FundedNext

FundedNext offers a fast track to profitability, with an immediate 15% profit from day one and the potential to scale up to $4 million in capital. While the product range is somewhat limited, the ability to earn up to 90% profit share and access support through a personal account manager makes FundedNext an appealing choice for serious forex and CFD traders.

FundedNext ReviewVisit FundedNext

Funded Trading Plus

Funded Trading Plus (FTP) scores 77/100, making it a solid choice for traders seeking a flexible prop trading experience. The firm offers account sizes up to $200,000 with an attractive profit split that can scale up to 100%. With options for instant funding and account growth up to $2.5 million, it stands out for its growth potential. While there’s room for improvement in spread transparency, FTP’s wide range of trading platforms and scaling opportunities make it a competitive option in the prop trading space.

Why We Like Funded Trading Plus

• Profit splits ranging from 80% to 100%
• Instant funding option for experienced traders
• Scaling potential up to $2.5 million
• Multiple trading platforms

Prop Challenges and Accounts

Funded Trading Plus offers a range of account options, including One-Phase, Two-Phase, and Instant Funding models. Account sizes vary between $5,000 and $200,000, with competitive fees ranging from $119 to $4,500 depending on the program. The One-Phase challenge provides a straightforward evaluation, while the Two-Phase model offers a more gradual approach for traders who prefer to prove their consistency. Instant Funding skips the evaluation phase entirely, allowing skilled traders to start trading with real capital immediately.

Markets and Leverage

Traders at Funded Trading Plus can access a selection of forex pairs, commodities, indices, and cryptocurrencies. Leverage is competitive, up to 30:1 for forex, 10:1 for commodities and indices, and 2:1 for cryptocurrencies. This range provides flexibility across markets and trading strategies.

Trading Platforms

Funded Trading Plus supports a variety of platforms, including MT4, MT5, DXTrade, and Match-Trader. Match-Trader is particularly appealing with its integration with TradingView for advanced charting. However, the performance of DXTrade may not match the reliability of MT4 and MT5, which are more established platforms in the prop trading community.

Trust and Community 

Funded Trading Plus has a growing reputation and positive user feedback, though it is not directly regulated. The firm has a solid TrustPilot score and is gaining traction among prop traders due to its competitive offering. With an active community and growing presence on platforms like Discord, Funded Trading Plus continues to build trust among its traders.

Our Verdict on FTP

Funded Trading Plus is a good option for traders looking for flexible funding programs, profit shares up to 100%, and a path to scale their accounts significantly. While transparency around spreads could improve, its wide platform support and growth potential make it a strong contender in the prop trading space.

Funded Trading Plus ReviewVisit Funded Trading Plus

Vantage Elite Trader

Vantage Elite Trader scores 73/100, offering a structured prop trading challenge with account sizes from $10,000 to $200,000. With audition fees starting at $139, traders must meet profit targets under strict risk management rules. However, Vantage has a low Trustpilot score, reflecting some customer service concerns.

Why We Like Vantage Markets

• 80% profit split for funded traders
• Refundable audition fees with first profit payout
• Accessible account sizes from $10,000 to $200,000
• Clear two-phase evaluation process

Prop Challenges and Accounts

Vantage offers two account types:

1. Basic Account: Lower risk, 10% profit target during the Challenge Phase, and a 5% target in the Evaluation Phase.
2. Plus Account: Higher risk, requiring a 20% profit target during the Challenge Phase and a 10% target in the Evaluation Phase.

Traders who pass both phases earn access to a funded account with an 80% profit split.

Markets and Leverage

Vantage Elite Trader provides access to 151 financial markets, including forex, commodities, indices, and US shares:

• Forex: 62 currency pairs with leverage up to 100:1
• Commodities: 4 markets, leverage up to 50:1
• Indices: 16 global indices, leverage up to 50:1
• US Shares: 69 stocks with 3:1 leverage

Trading Platforms

Vantage uses MetaTrader 4 (MT4), a well-known platform with strong charting tools, customizable features, and mobile compatibility. However, automated trading through Expert Advisors (EAs) is prohibited during the evaluation, which may deter algorithmic traders.

Trust and Community 

Vantage Markets is regulated by ASIC for its brokerage services but not for the prop trading program. While the company has a solid reputation and a large community presence, customer support has received mixed reviews, as reflected in their Trustpilot score of 3.3/5.

Our Verdict on Vantage Elite Trader

Vantage Elite Trader offers a clear and competitive evaluation process with a refundable audition fee. While spreads and customer support could be improved, the 80% profit split, refund policy, and the use of MT4 make this program a solid option for disciplined traders who prefer manual trading. However, traders relying on automated strategies may find other firms more suitable.

Vantage ReviewVisit Vantage

The Funded Trader

The Funded Trader has a lower overall score of 68/100, despite having a strong social trading community. Launched in 2021, it has gained attention with its leaderboard and active trader engagement. However, its limited market range and mixed reviews on support raise concerns.

Why We Like The Funded Trader

• Broker partnerships offering decent trading conditions
• Variety of account types with flexible evaluation phases
• Free monthly challenge available
• Profit split up to 90% with scaling potential

Prop Challenges and Accounts

The Funded Trader offers four account types, but all come with a two-phase evaluation:

• Standard Challenge: 10% profit target for Phase 1, 5% for Phase 2. Maximum 6% daily loss and 12% total loss. Account sizes from $25,000 to $400,000.
• Rapid Challenge: Lower 8% profit target in Phase 1, no minimum trading days.
• Royal Challenge: Similar to Rapid but with higher drawdown limits.
• Knight Challenge: A one-phase challenge for quicker account access.

The 80% profit split can scale to 90%, but traders must meet scaling plan requirements to reach this.

Markets and Leverage

The available market range is narrow, with just 44 forex pairs, 2 metals, 9 indices, and a few cryptos during some challenges. Leverage is limited to 100:1, which may not appeal to traders looking for more diversity or higher leverage options.

Trading Platforms

The Funded Trader uses MetaTrader 4 and MetaTrader 5 through Eightcap. Both platforms provide access to all available instruments, but the product range itself remains limited.

Trust and Community

The Funded Trader has built a solid community, with features like a leaderboard and trader interaction. However, reviews suggest issues with customer support, and the overall low TrustPilot score reflects dissatisfaction in certain areas.

Our Verdict on The Funded Trader

While The Funded Trader offers a strong community and multiple challenge options, its limited market variety, lower leverage, and mixed customer feedback bring down its overall appeal. This prop firm might work for traders focused on forex and who value community engagement, but it lacks the broader appeal for those seeking more trading options and flexibility.

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