Explore our list of the top broker-backed prop firms, offering large funded accounts, clear trading rules, and flexible profit-sharing options. These firms are partnered with regulated brokers to provide a secure and trusted trading experience.
We've shortlisted the 6 top prop firms backed by regulated brokers
The best broker backed prop firms have partnerships with reputable forex brokers that are regulated by top tier financial authorities around the world. This adds an extra layer of security and trust when prop trading, a currently unregulated area of the online trading industry. Read our shortlist of the top prop firms connected to leading brokerages.
Prop Firm Score
Challenge Types
One Step, Two Step, 7 Day
Trading Platforms
TradeLocker and DXTrade
Profit Payout
80% – 90%
Why We Recommend DNA Funded
DNA Funded is our top pick for broker-backed prop firms due to its partnership with DNA Markets, providing institutional-grade trading conditions like spreads starting at 0 pips. With account sizes up to $200,000, flexible challenges, and profit splits reaching 90%, it caters to traders of all levels. Add-ons such as faster payouts and upgraded splits enhance earning potential, making it an ideal choice for reliable and cost-effective prop trading.
Pros & Cons
Prop Firm Details
DNA Funded is a new prop trading firm that stands out for its competitive fees, extensive market access, and strong partnership with DNA Markets, an ASIC-regulated forex broker. This collaboration ensures tight spreads, fast execution speeds, and added reliability in a largely unregulated prop trading industry.
With profit splits ranging from 80% to 90% and account sizes up to $200,000, DNA Funded caters to both novice and experienced traders through flexible challenge options and tailored add-ons for increased payouts and profit shares.
Broker Partnership
DNA Funded’s backing by DNA Markets adds a layer of trust for traders. DNA Markets is a reputable forex broker regulated by ASIC, providing transparent trading conditions, ultra-tight spreads starting at 0 pips, and reliable execution. This partnership enables DNA Funded to offer institutional-grade trading conditions, giving traders confidence that their trades are executed efficiently and without hidden costs. By partnering with a broker that has built a strong reputation, DNA Funded positions itself as a dependable choice for traders.
Challenges and Evaluation Process
DNA Funded provides three distinct challenges, catering to different trading styles and levels of experience:
Pro Challenge: Designed for experienced traders, this single-step challenge has a 5% profit target to be achieved within 10 days. With a stricter 4% daily drawdown and no cryptocurrency trading, this challenge is best suited for scalpers and high-frequency traders.
Add-ons allow traders to enhance their challenge with options like faster payouts (7 days instead of 14) or an upgraded profit split of 90%.
Spreads and Commission Fees
DNA Funded offers highly competitive trading costs through its partnership with DNA Markets. Spreads start from 0 pips for major forex pairs such as EUR/USD, ensuring cost efficiency for both high-frequency traders and those trading larger positions. Commissions are charged at $5 per round trip ($2.50 per side), keeping overall costs transparent and low.
This low-cost structure is particularly advantageous for traders using strategies requiring frequent entries and exits, as reduced fees directly improve profitability.
Financial Markets and Leverage
Traders can access over 800 financial markets, including forex, commodities, indices, stocks, and cryptocurrencies (except in the Pro Challenge). The range of markets offered makes DNA Funded a versatile option for traders across asset classes.
Leverage depends on the chosen challenge type, with the Double Helix offering up to 50:1 on forex trading. The Single Helix and Pro Challenge provide a more conservative 30:1 leverage, suitable for traders prioritizing risk control. Other markets, including commodities, indices, and stocks, have leverage set at 10:1, while crypto is capped at 2:1.
This structured approach to leverage ensures traders have enough flexibility while mitigating excessive risks, appealing to both aggressive and conservative trading styles.
Trading Platforms and Rules
DNA Funded provides access to two trading platforms, each designed to meet different trading needs:
Trading rules are designed to maintain fairness and discipline. Automated trading is allowed, provided traders own the source code for their EAs. Copy trading is limited to personal accounts, and news trading is permitted with restrictions around high-impact events. Weekend trading is also allowed, adding flexibility for traders with longer-term strategies.
Payments and Payouts
DNA Funded offers traders a standard 14-day payout cycle with an 80% profit split. For those seeking faster access to their profits, an add-on is available to reduce the payout cycle to 7 days. The profit split can also be upgraded to 90%, providing a more favorable earnings structure.
Challenge fees can be paid via cryptocurrency or bank transfer, ensuring accessibility for a wide range of traders. A small 1% fee applies to crypto payments, while bank transfers incur a flat $50 fee. These transparent payment options, combined with flexible payout structures, provide a streamlined process for managing funds.
Customer Support and Education
As a newly launched prop firm, DNA Funded currently offers basic customer support through email. While the current focus is on providing reliable trading conditions, the firm is expected to expand its support channels, potentially adding live chat or phone support as it grows.
Educational resources are minimal at this stage, limited to FAQs, but DNA Funded has plans to develop more comprehensive guides, webinars, and tutorials to assist traders at all levels.
Verdict on DNA Funded
DNA Funded combines competitive fees, extensive market access, and a strong broker partnership to create an appealing option for traders seeking a reliable prop firm. With flexible challenge structures, low trading costs, and the potential to scale earnings through profit split upgrades, it caters to a variety of trading styles.
While still in its early stages, DNA Funded’s foundation is strong, and its backing by DNA Markets adds credibility. For traders looking for a blend of trust, cost efficiency, and growth potential, DNA Funded is an excellent choice.
Prop Firm Score
Challenge Types
One Step, Two Step, 7 Day
Trading Platforms
MT4, MT5, DXTrade
Profit Payout
80% – 90%
Why We Recommend Blueberry Funded
Blueberry Funded is in second place thanks to its competitive fees and access to 128 markets, including cryptocurrencies, and spreads from 0 pips. Backed by Blueberry Markets, it provides a trusted trading environment for accounts up to $200,000. With scaling plans up to $2 million and flexible challenge types, Blueberry Funded is a top choice for traders seeking low costs and market diversity.
Pros & Cons
Prop Firm Details
Blueberry Funded is a prop trading firm offering three challenge types—1 Step, 2 Step, and Rapid—each tailored to different trading styles and experience levels.
With account sizes ranging from $5,000 to $200,000 and profit splits up to 90%, the broker backed prop firm provides competitive trading conditions, including spreads from 0 pips and low fees starting at $40.
Broker Partnership
Blueberry Funded is supported by Blueberry Markets, an ASIC-regulated forex broker known for its low spreads and reliable execution. Blueberry Markets’ reputation for transparency and superior trading infrastructure enhances Blueberry Funded’s appeal.
This partnership ensures tight spreads and fast trade execution, offering traders a professional-grade trading environment and fostering trust within the prop trading community.
Challenges and Evaluation Process
Blueberry Funded offers three challenge options designed to suit traders with varying strategies and risk tolerances:
Scaling plans allow for account growth up to $2 million, rewarding consistent profitability and regular payouts.
Spreads and Commission Fees
Blueberry Funded’s trading conditions are competitive, with spreads starting from 0 pips for major forex pairs and a $7 round-trip commission.
Forex spreads for pairs like EUR/USD (0.2 pips) and GBP/USD (0.2 pips) are below the industry average, offering cost-effective trading for high-frequency traders. Spreads for other pairs, such as USD/JPY (0.6 pips), are slightly higher but remain reasonable.
Financial Markets and Leverage
Blueberry Funded provides access to 128 financial instruments across forex, indices, commodities, and cryptocurrencies.
The availability of cryptocurrency trading is a significant advantage, providing flexibility for traders interested in both traditional and digital markets.
Trading Platforms and Rules
Blueberry Funded supports three platforms tailored to different trading styles:
The Blueberry Funded program allows the use of Expert Advisors (EAs) across all challenge types, giving traders the option to integrate automated strategies. However, copy trading is restricted to personal accounts only. News trading is subject to restrictions, with a no-trade window of 10 minutes before and after major economic announcements. Weekend trading is permitted, offering flexibility for traders employing long-term strategies.
Payments and Payouts
Blueberry Funded offers bi-weekly payouts with profit splits starting at 80% and upgradeable to 90%. Payment methods include cryptocurrencies and credit cards, though options like e-wallets are not yet available.
Challenge fees can be paid using Bitcoin, stablecoins, or Visa/Mastercard. Profit withdrawals are processed efficiently through RiseWorks, typically within 1–2 business days, ensuring timely access to earnings.
Customer Support and Education
Customer support is available 24/5 via email and live chat, providing assistance during the trading week. While Blueberry Funded maintains a helpful FAQ section and active Discord community, its educational resources are limited. The firm has a small YouTube presence but lacks structured learning tools, which could be improved to support traders further.
Verdict on Blueberry Funded
Blueberry Funded offers competitive fees, strong market access, and flexible challenge structures backed by a reputable broker. The inclusion of cryptocurrency trading and a great scaling plan up to $2 million make it the second best broker backed prop trading firm.
Prop Firm Score
Challenge Types
Two Step
Trading Platforms
MT4, MT5, cTrader
Profit Payout
75% – 80%
Why We Recommend IC Funded
IC Funded offers raw spreads starting at 0 pips and commissions as low as $3.50, ensuring some of the best trading costs in the industry. Partnering with IC Markets, the firm benefits from its regulated, high-liquidity infrastructure. With account sizes up to $500,000 and a profit split rising to 80%, IC Funded is the best option for forex-focused prop traders.
Pros & Cons
Prop Firm Details
IC Funded is popular broker backed prop firm offering funded accounts through a straightforward two-phase evaluation process. Account sizes range from $5,000 to $500,000, with challenge fees starting at just $49.
The prop firm provides competitive trading conditions, including spreads from 0 pips and transparent commission fees. With profit splits beginning at 75% and increasing to 80% after the first month, IC Funded caters to traders who prioritise low costs and professional trading infrastructure.
Broker Partnership
IC Funded benefits from its partnership with IC Markets, one of the most reputable brokers in the industry. IC Markets is regulated by ASIC and known for offering raw spreads, high liquidity, and reliable execution speeds.
This backing ensures IC Funded traders access trading conditions that match institutional standards. With IC Markets’ infrastructure, IC Funded provides tight spreads, fast execution, and an added layer of trust for traders navigating the prop trading industry.
Challenges and Evaluation Process
IC Funded’s evaluation process is divided into two phases:
The evaluation process spans seven account levels, from $5,000 to $500,000, with fees ranging from $49 to $2,498. The Level 5 account ($100,000) strikes a balance between affordability and funding potential, making it a popular choice for many traders.
After passing both phases, traders gain access to a funded account with a starting profit split of 75%, increasing to 80% after the first month.
Spreads and Commission Fees
IC Funded offers raw spreads and competitive commission fees, replicating IC Markets’ Global Raw Account. Spreads for forex pairs like EUR/USD start from 0 pips, with an average of just 0.02 pips, making trading costs among the lowest in the industry. Commissions are charged at $3.50 per round trip, applying to forex, commodities, and indices.
This pricing structure is particularly beneficial for traders employing high-frequency strategies or managing larger volumes, as it keeps trading costs transparent and manageable.
Financial Markets and Leverage
IC Funded provides access to 96 financial instruments, covering forex, indices, and commodities. The offering includes 66 forex pairs, five commodities (such as gold and oil), and 25 global indices like AUS200 and US500.
However, cryptocurrency trading is not available, which may limit its appeal to traders focused on digital assets.
Leverage options are tailored to different markets, with up to 50:1 available for forex and gold, and 10:1 for indices and other commodities.
Trading Platforms and Rules
IC Funded supports three platforms, each offering features to suit different trading styles:
IC Funded’s trading rules promote disciplined trading while maintaining flexibility. Automated trading with EAs is allowed, and traders can hold positions during news events or over weekends. However, copy trading and high-frequency trading are prohibited, and accounts inactive for 30 days are automatically closed.
Payments and Payouts
IC Funded provides flexible payment options for challenge fees, including credit cards, cryptocurrencies, and local payment methods in certain regions. Fees are refundable after the first profit share withdrawal, adding value to the overall experience.
Payouts are processed monthly, bi-weekly, or on-demand, depending on trader preference. Profit splits begin at 75% and rise to 80% after the first month. Withdrawal methods include bank transfers, Skrill, and cryptocurrency, ensuring traders have convenient and secure access to their earnings.
Customer Support and Education
IC Funded offers 24/7 customer support through live chat and email, ensuring traders have access to assistance whenever needed. The live chat feature is AI-assisted, providing quick answers to common questions, while human support is available for more complex issues.
Educational resources are accessible through the client dashboard, featuring market analysis videos, tutorials, and insights into global financial trends. These materials are designed to enhance trading skills and keep traders informed about market developments.
Verdict on IC Funded
IC Funded combines cost-effective challenges, competitive trading conditions, and reliable broker backing to create an attractive option for prop traders. The two-phase evaluation process is structured to reward discipline and consistency, while the choice of MT4, MT5, and cTrader ensures traders can use platforms that suit their needs.
Prop Firm Score
Challenge Types
Futures, One Step
Trading Platforms
FFX Platform
Profit Payout
80% - 100%
Why We Recommend FXIFY Futures
FXIFY Futures is the best broker-backed prop firm for futures trading, offering a one-step evaluation with no time limits. Backed by FXPIG, traders get access to CME-backed data, deep liquidity, and profit splits up to 100%. With no recurring fees after funding and a structured payout model, it’s a great choice for futures traders looking for transparent pricing and a reliable funding option.
Prop Firm Details
FXIFY Futures offers funded futures trading accounts for traders looking to access capital without the limitations of traditional evaluations. The firm provides two challenge types—Starter and Expert—each with its own funding conditions, drawdown rules, and withdrawal structures.
The Starter Plan is ideal for traders who prefer lower upfront costs with a structured risk model, while the Expert Plan is suited for more experienced traders who want faster payouts and higher profit splits.
With clear evaluation rules, competitive pricing, and a strong broker partnership, FXIFY Futures stands out as a top choice for traders focusing on futures markets.
Broker Partnership
FXIFY Futures is backed by FXIFY, a proprietary trading firm operating under FXPIG, a VFSC-regulated forex and futures broker. While FXIFY Futures itself is not directly regulated, its association with FXPIG ensures access to institutional-grade trading conditions, including deep liquidity and low-cost execution.
The firm offers CME-backed futures trading, meaning all price data is sourced directly from regulated exchanges. This increases transparency and helps ensure fair market conditions for traders.
Challenges and Evaluation Process
FXIFY Futures offers two evaluation options, allowing traders to choose between a structured funding approach or a more aggressive scaling model. Both plans follow a one-step evaluation, with no time limits, ensuring traders can progress at their own pace.
Once traders meet the profit target while adhering to drawdown rules, they gain access to a live funded account with scaling profit splits up to 100%.
| Account Size | Monthly Fee | Profit Target | Daily Loss Limit | Max Loss Limit | Max Position Size | Activation Fee |
|---|---|---|---|---|---|---|
| $50,000 (Starter) | $89 | $3,000 | 2% | 4% | 3 contracts | $125 |
| $100,000 (Starter) | $149 | $6,000 | 2% | 4% | 7 contracts | $125 |
| $150,000 (Starter) | $225 | $9,000 | 2% | 4% | 12 contracts | $125 |
| $50,000 (Expert) | $149 | $3,500 | 3% | 5% | 5 contracts | $0 |
| $100,000 (Expert) | $249 | $7,000 | 3% | 5% | 10 contracts | $0 |
| $150,000 (Expert) | $349 | $10,000 | 3% | 5% | 15 contracts | $0 |
Futures Pricing and Commission Fees
FXIFY Futures offers competitive commission structures with transparent round-turn pricing. Fees vary based on contract type and market category, ensuring cost-efficient trading for all traders.
| Product Category | Example Products | Total Fee (Round-Turn) |
|---|---|---|
| CME Equity Futures | E-mini S&P 500 (ES), E-mini NASDAQ 100 (NQ) | $2.80 |
| Micro Equity Futures | Micro S&P (MES), Micro NASDAQ 100 (MNQ) | $0.74 |
| CME Foreign Exchange | Euro FX (6E), British Pound (6B) | $3.24 |
| Micro FX Futures | Micro EUR/USD (M6E), Micro AUD/USD (M6A) | $0.52 |
| Crude Oil & Energy | Crude Oil (CL), Natural Gas (NG) | $3.04 – $3.24 |
| CBOT Commodity Futures | Corn (ZC), Wheat (ZW), Soybeans (ZS) | $4.24 |
| COMEX Metals | Gold (GC), Silver (SI), Copper (HG) | $3.24 |
| Micro Metals | Micro Gold (MGC), Micro Silver (SIL) | $1.04 – $2.04 |
| Interest Rate Futures | 10-Year Note (ZN), 30-Year Bond (ZB) | $1.64 – $1.78 |
Futures Markets
FXIFY Futures provides access to a wide range of futures contracts across major asset classes. Leverage varies depending on the market, ensuring traders have sufficient margin flexibility while maintaining risk control.
Trading Platforms and Rules
FXIFY Futures operates exclusively on the FFX Platform, a proprietary web-based trading system designed for futures trading. The platform integrates TradingView-powered charting tools, providing real-time CME data, advanced order execution, and automated contract rollovers.
Payments and Payouts
FXIFY Futures offers bi-weekly profit withdrawals, with a tiered payout system that increases over time. Traders must meet the buffer zone requirement before requesting a withdrawal, ensuring account sustainability.
Customer Support and Education
FXIFY Futures provides customer support via live chat and email, with an active Discord community where traders can access payout proof, platform guidance, and trading discussions. While the futures prop firm does not offer structured educational courses, traders can find basic resources through the Help Center and community discussions.
Verdict on FXIFY Futures
FXIFY Futures is a leading prop firm for traders looking to trade futures with broker-backed security. With no time limits on evaluations, high profit splits, and a structured payout model, the firm provides long-term earning potential.
While the FFX Platform lacks support for NinjaTrader and Rithmic, the TradingView integration and real-time CME data make it a strong alternative for traders looking for cost-effective, reliable futures trading.
Prop Firm Score
Challenge Types
Instant, Lightning, One Step, Two Step, Three Step
Trading Platforms
MT4, MT5, DXTrade + TradingView
Profit Payout
Up to 90%
Why We Recommend FXIFY
FXIFY offers flexible evaluation processes and instant funding options, catering to traders with different experience levels. With profit splits up to 90%, competitive fees, and customisable add-ons like bi-weekly payouts and higher leverage, it provides tailored solutions for quick funding or steady account growth.
Pros & Cons
Prop Firm Details
FXIFY combines accessibility and choice with its range of challenges, instant funding accounts, and platform integrations. Account sizes range from $1,000 to $400,000, with profit splits reaching 90%.
Fees start as low as $39 for lower-tier accounts, providing an affordable entry point for traders. However, the firm’s educational resources and transparency in cost structures remain areas for improvement.
Broker Partnership
FXIFY operates in partnership with FXPIG, a VFSC-regulated broker known for tight spreads and fast execution. This collaboration allows FXIFY to provide institutional-grade trading conditions while ensuring traders have a reliable and secure trading environment.
Challenges and Evaluation Process
FXIFY offers five options to suit various trading styles, with four evaluation challenges and an instant funding account:
Optional add-ons for all accounts include bi-weekly payouts, increased leverage (up to 50:1 for forex and gold), and account protection for a more tailored experience.
Spreads and Commission Fees
FXIFY offers two pricing models:
Spreads on forex pairs like EUR/USD average 0–0.2 pips during peak trading hours. However, spread transparency is limited, with less data on off-peak performance. Swap-free accounts are not yet available.
Financial Markets and Leverage
FXIFY provides access to 101 instruments across forex, commodities, indices, stocks, and cryptocurrencies.
The leverage add-on increases forex and gold leverage to 50:1 for an additional 25% fee.
Trading Platforms and Rules
FXIFY supports three platforms with different strengths:
In terms of trading rules, FXIFY enforce generally rather flexible trading rules:
Payments and Payouts
Payouts are available monthly by default, with an add-on for bi-weekly withdrawals. Instant funding accounts require a minimum $50 withdrawal.
Customer Support and Education
FXIFY offers basic customer support via live chat and email. However, responsiveness is inconsistent, particularly during high-traffic periods.
Educational resources are limited, focusing mainly on FAQs and community support through Discord, which hosts tens of thousands of members.
Verdict on FXIFY
FXIFY provides a range of flexible options for traders looking to access capital, but the lack of cost transparency and limited educational tools may deter some. Its partnership with FXPIG ensures reliable trading conditions, and the active trading community is a strong bonus for collaborative traders.
Prop Firm Score
Challenge Types
Two Step
Trading Platforms
MetaTrader 5
Profit Payout
80% – 90%
Why We Recommend OANDA Prop Trader
OANDA Prop Trader is a popular option for beginner traders, offering challenges from just $35 and account sizes up to $500,000. Its reputation as a globally trusted forex broker adds confidence to its prop trading service, while the MT5 platform and flexible profit splits of 80% to 90% make it a reliable prop firm for new traders.
Pros & Cons
Prop Firm Details
OANDA Prop Trader scored 90/100 during testing thanks to its two-phase evaluation challenges starting from $35, with account sizes ranging from $5,000 to $500,000 and profit splits of 80% to 90%.
Leveraging OANDA’s reputation as a trusted forex broker, the prop trading service provides a reliable and transparent way for traders to access funded accounts, making it an excellent choice for beginners and experienced traders alike.
Broker Partnership
OANDA Prop Trader benefits from OANDA’s established global reputation in the financial industry. While the prop trading arm operates separately from OANDA’s regulated brokerage services, it reflects the brand’s strong emphasis on transparency and reliability.
OANDA is regulated by ASIC, the FCA, and other tier-one financial authorities, but it’s important to note that the prop trading service itself is unregulated.
Challenges and Evaluation Process
OANDA offers two types of challenges tailored to different trader profiles:
| Feature | Classic Challenge | Boost Challenge |
|---|---|---|
| Account Types | 5K, 10K, 25K, 50K, 100k, 188K, 250K, 500K | 10K, 50K, 100K |
| Challenge Fees | $35 – $2,400 | $99 - $699 |
| Profit Share | 80% | 80% (first payout), then 90% |
| Phase 1 Profit Target | 5% for 5K & 10K accounts, 8% for others | 10% |
| Phase 2 Profit Target | 5% | 5% |
| Max Daily Loss | 5% - Dynamic | 5% - Fixed based on Initial balance |
| Max Total Loss | 10% - Trailing Drawdown | 10% - Static Drawdown |
| Refund of Challenge Fee | Yes, after the first profit payout | Yes, after the first profit payout |
| Who It’s For | Beginner traders | Experienced traders |
| Merging of Accounts | Yes | No |
| Minimum Payout Request | $200 | 2% of initial balance |
Successful traders earn refunds of their challenge fees upon receiving their first profit share payout.
Spreads and Commission Fees
OANDA Prop Trader uses an all-in spread pricing model, embedding trading costs directly into the spread with no additional commission fees. Spreads on major forex pairs, such as EUR/USD, start at an average of 1.1 pips, while pairs like USD/JPY and GBP/USD have slightly wider spreads of 1.4 and 1.6 pips, respectively.
Financial Markets and Leverage
OANDA offers a focused range of 56 trading instruments across forex, indices, and commodities.
Leverage for forex trading is available at 100:1, providing traders with the opportunity to maximise their exposure while maintaining controlled risk. Indices and commodities are capped at 50:1 leverage, catering to traders seeking to diversify their strategies.
While the asset range lacks cryptocurrency options, OANDA’s offerings suit those focused on traditional financial markets.
Trading Platforms and Rules
OANDA Prop Trader exclusively uses MetaTrader 5 (MT5), accessible via desktop, web, and mobile applications. MT5 provides a comprehensive trading experience with advanced charting tools, 21 timeframes, and automated trading capabilities through Expert Advisors (EAs). The platform also includes Depth of Market (DOM) functionality and supports multi-currency backtesting, making it ideal for traders who prioritise analysis and strategy optimisation.
Trading rules at OANDA are clearly defined to enforce disciplined trading. News trading is restricted within two minutes of major announcements, and accounts are deactivated after 20 consecutive days of inactivity. Stop-loss orders and position closures on Fridays are not mandatory, offering flexibility to traders with longer-term strategies.
Payments and Payouts
OANDA Prop Trader provides flexible payment options for challenge fees, including credit cards, Apple Pay, Google Pay, and cryptocurrency. Fees start as low as $35 for Classic Challenges and $249 for Boost Challenges. Profit payouts occur every 14 days, with profit splits of 80% for Classic accounts and up to 90% for Boost accounts.
The minimum withdrawal amount is $200, which may be restrictive for traders seeking to withdraw smaller amounts. All payouts are routed through OANDA Global Markets accounts, which allow transfers to external payment methods such as bank wire, Neteller, or Skrill, or reinvestment into OANDA brokerage accounts. Successful traders also receive refunds of their challenge fees with their first profit share payout.
Customer Support and Education
OANDA Prop Trader’s customer support is available via email and live chat, though the chat service is not consistently available and lacks 24/7 coverage. Email support remains a dependable option for resolving detailed queries.
OANDA Labs provides educational tools designed to enhance trading knowledge. These include platform tutorials, market analysis tools, and strategy guides. While the resources are practical and well-organised, they mainly cater to beginner traders with little prop experience.
Verdict on OANDA Prop Trader
OANDA Prop Trader stands out as a reliable choice for traders seeking structured challenges backed by a reputable forex broker. Although spreads are slightly higher compared to competitors and the platform selection is limited to MT5, OANDA’s dependable reputation make it an appealing option for beginner prop traders.
Prop Firm Score
Challenge Types
One Step, Two Step, Three Step
Trading Platforms
MT5, ThinkTrader + TradingView
Profit Payout
Up to 90%
Why We Recommend ThinkCapital
ThinkCapital is a top broker backed prop trading firm with bi-weekly payout options and account sizes up to $200,000. The firm offers three evaluation challenges tailored to different trading styles: Lightning, Dual Step, and Nexus. With profit splits reaching up to 90% and platform choices including MT5 and ThinkTrader integrated with TradingView, ThinkCapital provides traders with flexibility, advanced tools, and structured growth opportunities.
Pros & Cons
Prop Firm Details
ThinkCapital is a good option for prop traders looking for a mix of flexibility, structured evaluations, and reliable payouts. With three challenge types tailored to different trading styles, up to 90% profit splits, and add-ons like weekly payouts or automated trading, ThinkCapital is a solid allrounder prop firm.
Broker Partnership
ThinkCapital is backed by ThinkMarkets, a regulated broker with global oversight. ThinkMarkets holds licenses from ASIC and the FCA, adding credibility to the firm’s offerings. This partnership enables ThinkCapital to offer low spreads, reliable execution, and a secure trading environment, giving traders confidence in their funded accounts.
Challenges and Evaluation Process
ThinkCapital offers three distinct challenges, catering to different trading styles and experience levels:
Each challenge has daily and overall drawdown limits (3%-4% and 6%-8%), ensuring strict risk management. The option to add features like weekly payouts or automated trading enhances flexibility.
Spreads and Commission Fees
ThinkCapital provides two pricing models, depending on the platform. ThinkTrader offers commission-free trading across all markets but has wider spreads, with EUR/USD starting at 0.8 pips.
MT5, on the other hand, delivers tighter spreads but charges $4 per lot per side for forex and metals. Other asset classes on MT5, like indices and cryptocurrencies, are commission-free. This choice allows traders to match their strategies with the most cost-effective pricing model.
Financial Markets and Leverage
ThinkCapital offers a diverse range of financial instruments with leverage tailored to each challenge type:
This range ensures opportunities for traders across asset classes, from forex and indices to crypto
Trading Platforms and Rules
ThinkCapital offers two platforms: MT5 and ThinkTrader with TradingView integration. MT5 is a powerful tool for traders focusing on advanced strategies and automated trading. ThinkTrader, paired with TradingView, provides a more intuitive experience for manual traders who rely on real-time charting.
Rules are straightforward but strict. News trading requires an add-on, and automated strategies are only allowed on MT5 with the relevant add-on. Inactivity for more than 30 days leads to account closure, ensuring active participation.
Payments and Payouts
Challenge fees are competitively priced, starting at $39, and can be paid via cryptocurrency or credit cards. Profits are distributed bi-weekly by default, but traders can opt for weekly payouts with an add-on for Dual Step and Nexus accounts. While profits are currently paid in cryptocurrency, the firm plans to add bank transfer options soon. There’s no minimum withdrawal amount, but profits must cover transaction fees.
Customer Support and Education
ThinkCapital provides live chat, email, and a contact form for support. The live chat is quick and reliable, while email is suitable for less urgent queries. The firm’s YouTube channel includes over 100 videos on trading strategies, risk management, and platform tutorials, offering resources for both beginners and advanced traders.
Verdict on ThinkCapital
ThinkCapital is a reliable choice for traders who value clear evaluation processes and dependable payouts. The partnership with ThinkMarkets ensures secure and transparent trading conditions, while the range of challenges and platform options make it versatile for different trading styles. The main drawbacks are the current reliance on cryptocurrency for payouts and a smaller trading community compared to competitors, but these are minor in the scheme of things.
Our rankings focus exclusively on prop firms partnered with regulated brokers to ensure traders benefit from secure, transparent, and professional-grade trading environments. We evaluate these firms based on criteria that matter most to traders, including cost-effectiveness, trading tools, and payout reliability.
Here’s how we assess each firm:
Our methodology is designed to highlight firms that provide a balance of trust, cost-effectiveness, and flexibility, ensuring traders can confidently choose broker-backed prop firms tailored to their needs.
DNA Funded is the most trusted prop firm, scoring 97/100 in our assessments. Its partnership with DNA Markets, an ASIC-regulated broker, ensures secure trading conditions, ultra-tight spreads starting at 0 pips, and transparent policies. The firm’s institutional-grade trading environment, flexible challenges, and profit splits up to 90% make it a reliable choice for traders. DNA Funded’s strong broker backing sets it apart in a largely unregulated industry, providing added confidence for prop traders.
A prop trading firm, or proprietary trading firm, funds traders to trade financial markets using the firm’s capital rather than their own. Traders retain a share of the profits, often between 70% and 90%, while the firm covers losses. These firms typically require traders to pass an evaluation challenge to demonstrate skill and discipline. The best prop trading firms often partner offer top trading platforms and conditions, making them an accessible choice for skilled traders seeking capital.
Most broker-backed prop firms partner with regulated forex brokers to ensure secure trading conditions, competitive spreads, and reliable execution. Firms like DNA Funded work with ASIC-regulated DNA Markets, while IC Funded is backed by IC Markets. The specific brokers used by prop firms can vary, and you can explore a full comparison of regulated forex brokers on CompareForexBrokers.
Prop firm challenges assess traders’ skills before granting them access to funded accounts. These challenges typically involve meeting a profit target while following strict risk management rules, such as maximum drawdowns and daily loss limits. Different firms offer one-step and two-step evaluations, with varying difficulty levels and conditions. To understand the structure and requirements in more detail, learn how prop challenges work.
The best broker-backed prop firms for day traders are DNA Funded and Blueberry Funded. DNA Funded offers 0-pip spreads, low commissions, and challenges ideal for scalping. Blueberry Funded provides low fees, rapid challenges, and platforms like MT5. Both partner with ASIC-regulated brokers, ensuring secure trading for day traders.
No, FTMO is not a broker-backed prop firm, which is why it’s not included on our list of recommended firms. While FTMO is a popular forex prop firm, it operates independently and partners with various liquidity providers rather than a regulated broker. This setup allows them to promote raw spreads but lacks the transparency and regulatory oversight associated with broker-backed firms.
FundedNext is a reliable and popular prop firm offering traders access to capital and platforms like MT4, MT5, and cTrader. While it provides competitive trading conditions and transparent programs with one of the best funded trading accounts, it is not a broker-backed prop firm.
None of the prop firms on our list currently offer futures trading, as they focus primarily on CFD trading and backed by regulated forex brokers. However, traders interested in this style of trading you can read about the best futures prop firms to find one tailored to futures strategies with appropriate platforms and account options.
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