Best Prop Firms in Canada

BrightFunded is the best overall prop trading firm for Canadian traders, offering an impressive combination of customisable challenges, a Trade2Earn loyalty program, and an unlimited scaling plan. Its flexible account sizes up to $200,000 and add-ons like faster payouts and enhanced profit splits make it the top choice for traders aiming for long-term growth.

rightFunded provides Canadian traders with access to funded accounts through a three-phase evaluation process. Account sizes range from $5,000 to $200,000, with profit splits starting at 80% and scaling up to 100%.

With its proprietary trading platform, customisable add-ons, and unlimited scaling opportunities, BrightFunded appeals to both beginner and experienced traders aiming for long-term growth.

Challenges and Fees

BrightFunded offers a three-phase evaluation process with clear profit targets and flexible add-ons tailored to traders’ goals. Here’s a breakdown of the evaluation process, fees, and trading rules:

1. Phase 1 – Evaluation: Achieve an 8% profit target while maintaining a 5% daily drawdown limit and a 10% maximum drawdown cap. A minimum of 5 trading days is required.
2. Phase 2 – Verification: Meet a reduced profit target of 5% under the same drawdown rules, completing at least 5 trading days.
3. Phase 3 – Funded Account: Access a funded demo account, retaining up to 100% of profits, with opportunities for unlimited scaling.

BrightFunded offers several optional add-ons to personalise the evaluation process:

• Weekly payouts: Reduce payout intervals to 7 days (+25% fee).
• Higher profit splits: Increase the split to 90% (+20% fee).
• No minimum trading days: Eliminate the 5-day requirement (+15% fee).
• Swap-free accounts: Access swap-free trading (+10% fee).

Spreads and Trading Costs

BrightFunded aggregates market data from top liquidity providers to simulate realistic trading conditions. Forex trades incur a $3 commission per lot, while crypto trading costs 0.024% of the trading volume. Commodities are charged at 0.0010% of trading volume, and indices have zero commission. Although specific spread data is unavailable, BrightFunded ensures competitive pricing across asset classes through its aggregated data feed.

Funded Accounts and Payouts

After successfully completing the evaluation, traders can access funded accounts with the following benefits:

• Profit Splits: Start at 80%, scaling to 100% as traders meet performance milestones.
• Scaling Plan: Account balances increase by 30% every four months for consistent traders achieving profitability in at least 2 of 4 months and completing at least 2 payouts.
• Payout Process: Bi-weekly payouts are standard, with weekly payouts available as an add-on (+25% fee). Payouts are processed via crypto wallets (e.g., USDC ERC-20) or bank transfers, with no minimum threshold.

Trading Platforms and Markets

BrightFunded provides a proprietary trading platform designed for accessibility and ease of use.

• Available on desktop, web, and mobile (Windows, Mac, iOS, Android).
• Real-time market data and user-friendly interface.
• Compatible with automated trading systems.

The financial markets you can trade as a funded trader and during challenges includes:

• Forex: 49 currency pairs, including majors like EUR/USD and exotics like USD/ZAR (leverage up to 1:100).
• Commodities: Includes gold, silver, crude oil, and natural gas (leverage up to 1:50).
• Indices: Global indices like S&P 500, FTSE 100, and DAX 30 (leverage up to 1:20).
• Cryptocurrencies: 36 assets, including Bitcoin and Ethereum (leverage up to 1:10).

Trust and Support

BrightFunded has built a strong reputation through transparent policies and active community engagement.

• TrustPilot Score: 4.6/5, highlighting fast payouts and responsive customer support.
• Community: Over 16,000 members in its Discord server, offering channels for strategy sharing, trader support, and educational resources.
• Support Availability: 24/7 via email, live chat, and WhatsApp.

Final Verdict

BrightFunded is the best prop firm in Canada for traders seeking customisable evaluations, flexible payouts, and long-term growth opportunities. Its innovative Trade2Earn loyalty program, combined with an unlimited scaling plan and competitive profit splits, makes it a standout choice for Canadian prop traders aiming to maximise their profitability.

OANDA is the best prop firm in Canada for beginners thanks to its affordable entry-level challenges, competitive profit splits, and handy risk management tools designed for new traders. You can choose challenge account sizes up to $500,000 and either Boost or Classic pricing, with all trades being executed on the popular MT5 platform.

OANDA Prop Trader provides Canadian traders with access to funded accounts through a two-phase evaluation process. Prop traders can start with account sizes ranging from $5,000 to $500,000 and benefit from profit splits between 80% and 90%.

With a globally recognized reputation in forex trading and the advanced MetaTrader 5 (MT5) platform, OANDA combines credibility with flexible options for both beginner and experienced prop traders.

Challenges and Fees

OANDA Prop Trader offers two evaluation challenges—Classic and Boost—tailored to traders with different goals and experience levels. Here’s a breakdown of the evaluation process, fees, and trading rules:

1. Classic Challenges: Designed for traders seeking affordable entry points, Classic challenges feature profit splits capped at 80%. Account sizes range from $5,000 to $500,000, with fees starting at $35. The evaluation involves two phases with profit targets of 10% in Phase 1 and 5% in Phase 2. Classic challenges also include a trailing drawdown and a refund of the audition fee upon the first profit share payout.
2. Boost Challenges: Geared toward experienced traders aiming for higher returns, Boost challenges offer profit splits up to 90%. Account sizes range from $10,000 to $100,000, with fees starting at $99. Boost challenges feature a static drawdown, making them appealing for traders focused on larger funding opportunities and consistent profit growth.

Spreads and Trading Costs

OANDA offers competitive spreads and a simplified fee structure, integrating all trading costs into the spreads without additional commission fees. This makes it easier for traders to calculate costs and focus on strategy.

Spreads for major forex pairs, like EUR/USD, start at 1.1 pips, while pairs such as USD/JPY average around 1.4 pips.

There are no additional commission fees, with all trading costs integrated into the spreads, simplifying the fee structure for traders.

In terms of trading rules, they are enforced to ensure consistency and risk management, with strict loss limits, news trading restrictions, and an inactivity rule to help traders maintain disciplined trading practices.

• Daily Loss Limits: 5% for both challenge types.
• Maximum Drawdown: 10% (trailing for Classic, static for Boost).
• Inactivity Rule: Traders must place at least one trade every 20 days to avoid account closure.
• News Trading: No trading during major news events (2 minutes before/after).

Funded Accounts and Payouts

After successfully passing the evaluation process, traders can access funded accounts and earn profit splits.

Here are the specifics:

• Profit Splits: Classic accounts offer 80% profit splits, while Boost accounts provide up to 90%.
• Scaling Plans: OANDA supports account growth through scaling opportunities, rewarding consistent performance.
• Payout Process: Minimum withdrawal is $200 and payouts are paid every 14 days. You can use bank transfer, Skrill, Neteller, or transfer to an OANDA brokerage account.

Refunds of audition fees are issued after the first profit share payout, providing additional value to successful traders.

Trading Platforms and Markets

OANDA supports trading exclusively on MetaTrader 5 (MT5), providing advanced tools and features:

• 21 timeframes and advanced charting tools.
• Automated trading via Expert Advisors (EAs).
• Depth of Market (DOM) insights for liquidity analysis.
• Economic calendar integration for event-based strategies.

OANDA provides access to a solid selection of financial instruments, focusing on forex, indices, and commodities. With competitive leverage and tiered margin systems, it ensures flexibility for various trading strategies.

• Markets: 56 instruments across forex, indices, and commodities. Notably, OANDA does not offer cryptocurrency trading.
• Leverage: Up to 100:1 for forex and 50:1 for indices and commodities.
• Tiered Margin: Margin requirements increase with position size to reduce risk, ensuring sustainable exposure.

Trust and Support

OANDA Prop Trader operates under the well-known OANDA brand, offering a level of trust from its established forex and CFD trading services.

However, it is essential to note that the prop trading division is not regulated under OANDA’s brokerage framework.

• Reputation: A Trustpilot score of 4.1/5, based on over 800 reviews, reflects positive customer experiences with OANDA’s broader services.
• Customer Support: Email and live chat support available, though live chat availability can be inconsistent.
• Educational Materials: Educational resources through OANDA Labs include tools like order books, sentiment indicators, and platform tutorials.

Final Verdict

OANDA Prop Trader is the best prop firm for beginner Canadian traders, especially if you are looking for a trusted name in the industry. While its limited platform and market options may deter some, the combination of flexible challenges, competitive profit splits, and advanced MT5 features makes it a solid option for beginners prop trading.

DNA Funded’s combination of low fees, flexible account options, and partnership with DNA Markets makes it the second best prop firm for Canadian traders. Its three challenge types cater to a variety of trading styles, and the optional add-ons for faster payouts and higher profit splits offer a great level of customization. With access to over 800 financial markets and tight spreads, the broker backed prop firm is a top contender for prop traders in Canada.

DNA Funded is a newly launched prop trading firm offering Canadian traders competitive challenges, affordable fees, and extensive market access.

Backed by DNA Markets, a well-regulated forex broker, the firm provides tight spreads and reliable trading conditions. With three challenge types and profit splits ranging from 80% to 90%, DNA Funded offers flexible opportunities for both beginner and experienced traders.

Challenges and Fees

DNA Funded offers three challenge types tailored to different trading styles and goals:

1. Single Helix Challenge: A one-step evaluation with account sizes ranging from $5,000 to $200,000. Traders must achieve a 10% profit target, with a maximum daily drawdown of 5% and a total drawdown of 10%. Fees start at $59 for a $5,000 account. This challenge includes unlimited trading days, making it ideal for swing or position traders.
2. Double Helix Challenge: A two-step evaluation with the same account size range. Phase 1 requires a 10% profit target, while Phase 2 reduces the target to 5%. Fees start at $49 for a $5,000 account. This challenge is suited to disciplined traders who prefer structured evaluations.
3. Pro Challenge: Designed for experienced traders, this one-step challenge requires a 5% profit target within 10 calendar days. Account sizes range from $10,000 to $100,000, with fees starting at $99 for a $10,000 account. Restrictions include no cryptocurrency trading and a trailing drawdown.

DNA Funded offers a range of addons including competitive challenges, flexible evaluation structures, and industry-leading profit splits.

• Early Payout: Reduces the payout period from 14 days to 7 days for a 20-30% fee increase.
• Higher Profit Split: Increases the profit split from 80% to 90% for a 20-30% fee increase, depending on the challenge type.

Spreads and Trading Costs

DNA Funded provides traders with cost-effective trading conditions through its partnership with DNA Markets:

• Spreads: Starting from 0.0 pips for major forex pairs like EUR/USD, with competitive spreads across other markets.
• Commission Fees: A low $5 per trade ($2.50 per side), making it suitable for high-frequency and volume traders.

This simplified fee structure ensures that traders can focus on strategy without unexpected costs.

Funded Accounts and Payouts

Once traders pass the evaluation process, they can access funded accounts with competitive profit splits:

• Profit Splits: 80% as standard, upgradeable to 90% with an add-on.
• Scaling Plans: While not yet available, DNA Funded plans to introduce account scaling options for consistent traders.
• Payout Process: Traders can withdraw profits every 14 days, with a minimum withdrawal of $200. Payment methods include bank transfers and cryptocurrency.

Refunds of challenge fees are issued after the first profit payout, adding value for successful traders.

Trading Platforms and Markets

DNA Funded supports two trading platforms—TradeLocker and DXtrade—offering advanced features for diverse trading needs:

1. TradeLocker: Integrated with TradingView, this platform provides advanced charting tools, on-chart trading, and a user-friendly interface. Ideal for manual traders focusing on technical analysis.
2. DXtrade: Designed for beginners, it offers a customizable interface and basic automation tools but may experience connectivity issues.

DNA Funded offers the best range of trading instruments in the prop trading space.

• Financial Markets: Over 800 trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies (crypto excluded in Pro Challenge).
• Leverage: Up to 50:1 for forex, 10:1 for commodities, indices, and stocks, and 2:1 for cryptocurrencies. Leverage varies by challenge type, with the Double Helix offering the highest leverage.

Trust and Support

DNA Funded benefits from its partnership with DNA Markets, adding credibility through its well-regulated liquidity provider. However, as a newly launched firm, it’s still building its reputation.

• Reputation: Backed by DNA Markets, which holds a Trustpilot score of 3.9/5.
• Community Engagement: Active Discord server with channels for trader discussions and education.
• Customer Support: Currently limited to email, with plans to expand to live chat and other channels.

Final Verdict

DNA Funded ranks as one of the top prop trading firms in Canada, offering a variety of challenges, competitive fees, and excellent trading conditions. The broker backed prop firm offers flexible add-ons for faster payouts and higher profit splits, as well as the best range of markets available with any prop firm worldwide.

ThinkCapital is our top pick for traders seeking affordable and flexible evaluation challenges. Its three challenge types cater to different trading styles, offering profit splits of up to 90%. With competitive fees starting at $39 and platforms like MT5 and ThinkTrader, ThinkCapital provides a user-friendly and cost-effective path to funded accounts.

ThinkCapital is a broker-backed prop trading firm offering account sizes ranging from $5,000 to $200,000. Its three challenge types—Lightning, Dual Step, and Nexus—provide a variety of evaluation processes tailored to traders’ experience levels.

ThinkCapital’s transparency and low fees make it ideal for both beginners and experienced traders.

Challenges and Fees

ThinkCapital’s evaluation challenges are designed to accommodate diverse trading styles:

1. Lightning Challenge: A one-step evaluation with a 10% profit target. Leverage is set at 1:30, and fees range from $39 to $949. This challenge is ideal for quick funding with minimal complexity.
2. Dual Step Challenge: A two-step evaluation requiring an 8% profit target in Phase 1 and 5% in Phase 2, with 1:100 leverage. Fees range from $59 to $949, making it a balanced choice for intermediate traders.
3. Nexus Challenge: A three-step evaluation with an 18% cumulative profit target. Leverage is set at 1:100, and fees range from $39 to $649, catering to experienced traders focused on advanced risk management.

Add-ons include access to Expert Advisors, higher profit splits, and weekly payouts, enhancing flexibility for traders.

Spreads and Trading Costs

ThinkCapital’s trading costs vary depending on the platform:

• ThinkTrader: Zero commission but slightly wider spreads, starting at 0.8 pips for major pairs like EUR/USD.
• MT5: Raw spreads from 0.0 pips with a $4 commission per lot (round trip). This platform is ideal for scalping or high-frequency trading.

Both trading platforms provide competitive pricing, but the choice depends on whether you prioritize lower spreads or a commission-free structure.

Funded Accounts and Payouts

Upon passing the evaluation, traders can access funded accounts with the following features:

• Profit Splits: Up to 90%, with scaling plans that increase account size by 20% every three months for consistent performance.
• Payout Frequency: Default bi-weekly payouts, with a weekly payout option available as an add-on.
• Payment Methods: Currently limited to cryptocurrency, with bank transfers expected to be introduced soon.

The firm’s scaling plan allows traders to grow their accounts from an initial $200,000 to a maximum of $1 million, rewarding long-term consistency and profitability.

Trading Platforms and Markets

ThinkCapital supports two advanced trading platforms:

• MetaTrader 5 (MT5): Popular for its raw spreads, automated trading capabilities, and advanced charting tools.
• ThinkTrader with TradingView: Offers intuitive charting and a user-friendly interface, making it a great choice for manual traders.

Markets include forex, commodities, indices, and cryptocurrencies, with leverage tailored to the challenge type.

Forex pairs, such as EUR/USD and GBP/JPY, are offered with leverage up to 1:100 for Dual Step and Nexus accounts. Commodities like gold and oil are available with leverage up to 1:30.

Trust and Support

ThinkCapital has built trust through its transparent trading rules and reliable payout processes.

• Reputation: A Trustpilot score of 4.5/5 reflects user satisfaction with its straightforward evaluations and fast payouts.
• Community: The firm hosts a 9,000-member Discord server, offering spaces for strategy sharing and trader collaboration.
• Customer Support: Customer service is available via live chat and email, ensuring quick resolution of inquiries.

Final Verdict

ThinkCapital is an excellent choice for Canadian prop traders seeking low-cost challenges and flexible evaluation options. While its reliance on cryptocurrency payouts and smaller community may deter some, the firm’s affordable fees, competitive profit splits, and advanced trading platforms make it a strong contender.

Blueberry Funded is ideal for Canadian traders seeking a variety of platform options and competitive trading conditions. With account sizes up to $500,000 and profit splits reaching 90%, it caters to traders of all experience levels. Access to MT4, MT5, and DXTrade ensures flexibility for different strategies, and the firm’s clear rules and reliable payouts make it a strong contender for funded trading.

Blueberry Funded offers traders funded accounts with a choice of evaluation challenges designed for both beginner and advanced traders.

With profit splits up to 90%, it provides a competitive environment for scaling your trading operations. The firm’s transparency in rules and payouts is a significant advantage for Canadian traders.

Challenges and Fees

Blueberry Funded provides two challenge types tailored to different trading goals:

1. Standard Challenge: A two-step evaluation requiring traders to achieve a 10% profit target in Phase 1 and 5% in Phase 2. The maximum drawdown is capped at 10%, and fees start at $99 for smaller accounts.
2. Accelerated Challenge: A one-step evaluation with a 10% profit target and no time limit. This option is designed for experienced traders who prefer to skip multi-phase evaluations. Fees begin at $249 for $25,000 accounts and increase for larger account sizes.

Spreads and Trading Costs

Blueberry Funded provides competitive trading costs across its platforms:

• MT4 and MT5: Raw spreads starting from 0.1 pips, with a $3.50 commission per lot per side, suitable for forex and commodity traders.
• DXTrade: A commission-free option with slightly wider spreads, ideal for traders focused on indices or cryptocurrencies.

This range of platforms and pricing ensures flexibility, allowing traders to choose the setup that best aligns with their strategy.

Funded Accounts and Payouts

After completing the evaluation process, traders gain access to funded accounts with the following benefits:

• Profit Splits: Standard accounts start at 80%, while Accelerated accounts offer up to 90%.
• Payout Frequency: Monthly payouts are available, with no minimum withdrawal limit as long as profits cover transaction fees.
• Refunds: Challenge fees are refunded after the first profit withdrawal, adding value for successful traders.

Trading Platforms and Markets

Blueberry Funded supports three platforms, offering flexibility for different trading styles:

• MetaTrader 4 (MT4): A popular choice for its simplicity and strong Expert Advisor support.
• MetaTrader 5 (MT5): Advanced charting tools and support for additional asset classes.
• DXTrade: An intuitive platform offering commission-free trading for a wide range of instruments.

Markets include a wide variety of instruments, providing opportunities for diversification:

• Forex: Major and minor currency pairs with leverage up to 1:100.
• Commodities: Gold, silver, and crude oil with leverage up to 1:50.
• Indices: Popular indices like NAS100 and SPX500 with leverage up to 1:20.
• Cryptocurrencies: BTC/USD, ETH/USD, and more with leverage up to 1:10.

Trust and Support

Blueberry Funded has earned trust through consistent payouts and responsive support.

• Reputation: The firm has a Trustpilot rating of 4.3/5, with positive feedback on payout reliability and platform options.
• Community: While smaller than competitors, its Discord server fosters discussion and collaboration among traders.
• Support: Live chat and email support ensure prompt responses to queries, though educational resources are somewhat limited.

Final Verdict

Blueberry Funded stands out for its flexible platform options and competitive profit splits, making it an excellent choice for traders aiming to grow their trading operations. While monthly payouts and limited educational tools may not suit everyone, its clear rules, platform variety, and reliable processes make it a dependable option for Canadian prop traders.

FTMO is a standout choice for traders focused on stock trading, offering access to major global stocks like Apple, Amazon, and Tesla. With a variety of account types—Standard, Aggressive, and Swing—it caters to different trading styles and risk preferences. The prop trading firm’s structured evaluation process, profit splits up to 90%, and automatic scaling plan make it a top pick for aspiring traders in Canada.

FTMO is a well-established prop trading firm known for its transparent evaluation process and flexibility. It offers funded accounts ranging from $10,000 to $200,000, with a unique scaling plan that allows accounts to grow up to $2 million.

FTMO’s focus on share trading, combined with access to forex, indices, commodities, and crypto, makes it a versatile option for traders.

Challenges and Fees

FTMO offers two account types designed to match different trading styles and risk preferences: Standard and Aggressive. Both accounts require traders to complete a two-phase evaluation process before accessing a funded account.

1. Standard Account: This option is ideal for traders seeking a balanced approach, with a profit target of 10% in Phase 1 and 5% in Phase 2. It comes with a maximum daily loss limit of 5% and an overall loss cap of 10%.
2. Aggressive Account: Designed for high-risk traders aiming for larger rewards, this account type requires profit targets of 20% in Phase 1 and 10% in Phase 2. The daily loss limit is 10%, while the overall loss cap is 20%.

Both account types offer funded account sizes ranging from $10,000 to $200,000, ensuring options for traders with varying goals.

Spreads and Trading Costs

FTMO provides tight spreads across all its markets, especially for forex and stock traders.

• Forex: EUR/USD spreads start at 0.22 pips, with a $3 commission per standard lot (round trip).
• Stocks: Commission is 0.0040% of the trading volume.
• Commodities and Cryptocurrencies: Competitive spreads with varying commission structures.

FTMO operates with direct market access (DMA), ensuring realistic trading conditions by mirroring trades on its own live accounts.

Funded Accounts and Payouts

After completing the evaluation, traders gain access to funded accounts with the following benefits:

• Profit Splits: Standard profit splits start at 80% and can increase to 90% through consistent performance.
• Payouts: Flexible payout requests can be made every 14 days, processed within 1–2 business days.
• Scaling Plan: Accounts increase by 25% every four months for traders achieving a 10% profit without breaching risk limits.

This structured growth pathway is ideal for traders focused on long-term profitability.

Trading Platforms and Markets

FTMO supports trading across multiple platforms, catering to both beginner and advanced traders. Whether you prefer the simplicity of MT4 or the advanced tools of cTrader, FTMO provides flexible options to suit different trading styles.

• MetaTrader 4 (MT4): Known for its user-friendly interface and support for automated trading.
• MetaTrader 5 (MT5): Offers advanced charting tools, economic calendar integration, and more assets for analysis.
• cTrader: Aimed at professional traders with advanced features like Depth of Market and custom automation.
• DXTrade: A flexible, web-based trading platform designed for multi-asset trading.

FTMO provides access to a wide range of markets, ensuring flexibility for various trading strategies:

• Stocks: Includes top global stocks like Apple, Tesla, and Amazon, ideal for traders focusing on equity markets.
• Forex: Offers 28 currency pairs, including majors, minors, and exotics like EUR/USD and USD/ZAR.
• Indices: Trade indices like US30 (Dow Jones), GER40 (DAX), and UK100 (FTSE 100) with competitive spreads.
• Commodities: Access popular commodities such as gold, silver, and oil for diversification.
• Cryptocurrencies: Includes Bitcoin, Ethereum, and other major cryptocurrencies for high-volatility trading opportunities.

FTMO’s diverse market options, combined with its advanced trading platforms, make it a versatile choice for traders looking to build strategies across multiple asset classes.

Trust and Support

FTMO has earned a stellar reputation with a 4.9/5 Trustpilot rating based on over 5,000 reviews.

• Community: Active social media presence with over 200,000 followers on Instagram and other platforms.
• Support: 24/7 multilingual customer service via live chat, phone, and email.
• Education: A range of educational resources, including trading tutorials, market analysis, and performance coaching.

Final Verdict

FTMO is the go-to prop firm for Canadian traders interested in share trading. Its access to global stocks, competitive evaluation process, and scaling plan make it an excellent choice for traders aiming to grow their accounts while honing their trading skills.

Funded Trading Plus (FTP) is an excellent choice for traders seeking flexibility, offering instant funding accounts alongside one-phase and two-phase challenges. With profit splits starting at 80% and scaling to 100%, and account sizes reaching $200,000, FTP accommodates a wide range of trading goals. Its scaling opportunities allow for account growth up to $5 million, and the customizable payout schedules enhance convenience for traders.

Funded Trading Plus provides three core evaluation programs: One-Phase, Two-Phase, and Instant Funding. Each program offers account sizes between $5,000 and $200,000, with opportunities to scale up to $5 million. The profit splits start at 80% and can be upgraded to 90% or 100% based on performance.

The prop firm also offers add-ons such as faster payouts and increased account sizes, allowing traders to customize their funded experience.

Challenges and Fees

Funded Trading Plus offers three main types of challenges:

1. One-Phase Challenge: A single-stage evaluation with a 10% profit target. Fees range from $119 to $949.
2. Two-Phase Challenge: A two-step evaluation with 8% and 5% profit targets. Fees range from $199 to $1,097.
3. Instant Funding: Immediate access to trading capital without evaluation. Fees range from $225 to $4,500.

All programs include competitive drawdown limits and optional add-ons for increased payouts and scaling.

Spreads and Trading Costs

Funded Trading Plus lacks transparency on spread details, which may make it difficult for traders to estimate costs. Commission fees are clear:

• $7 round-turn commission for forex and commodities.
• No commissions on indices and cryptocurrencies.

This structure may appeal to traders prioritizing simple cost structures, though the lack of spread data is a drawback.

Funded Accounts and Payouts

Traders who complete their evaluations gain access to funded accounts with the following benefits:

• Profit Splits: 80% standard, upgradeable to 90% or 100%.
• Scaling Plan: Accounts can grow in 10% increments, up to $5 million.
• Payout Schedules: Options for payouts every 3, 5, or 7 days.

Refunds on audition fees are issued after the first profit withdrawal.

Trading Platforms and Markets

Funded Trading Plus supports five trading platforms, providing options for different trading styles:

• MetaTrader 4 (MT4) and MetaTrader 5 (MT5): Popular for automated trading and advanced charting.
• Match-Trader: Integrates with TradingView for in-depth analysis.
• cTrader: Advanced features with a $25 usage fee.
• DXTrade: Accessible but with limited functionality.

Markets include 53 instruments spanning forex, commodities, indices, and cryptocurrencies.

Trust and Support

Funded Trading Plus has a strong community and active support channels, though it operates without regulatory oversight.

• Reputation: 4.7/5 on Trustpilot based on 2,163 reviews.
• Community: Over 40,000 members in its active Discord server.
• Customer Support: Available 24/7 via live chat and email (English only).

Final Verdict

Funded Trading Plus is a strong contender for Canadian prop traders, offering instant funding, scalable accounts, and flexible evaluation options. While the lack of spread transparency and platform fees may deter some, its community engagement and clear payout processes make it a dependable choice for scaling your trading operations.

Topstep is a popular prop trading firm for futures traders, offering a structured three-step funding process with no time limits. With 100% profit payouts on the first $10,000 and 90% thereafter, the firm is ideal for those prioritizing flexible account growth and realistic trading rules. The evaluation phases, combined with platform variety and strong community support, make it a standout option for futures-focused prop traders.

Topstep is a proprietary trading firm specializing in futures trading. Based in Chicago, it focuses on preparing traders for live funded accounts through a three-phase evaluation process.

Account sizes range from $50,000 to $150,000, and traders keep 100% of their first $10,000 in profits, with a 90% split thereafter. The firm emphasizes risk management and consistency, offering traders access to industry-standard platforms like NinjaTrader and TradingView.

Challenges and Fees

Securing a funded futures prop trading account involves three steps:

1. Trading Combine: A simulated trading phase with monthly fees starting at $49. Traders aim to meet profit and risk management targets.
2. Express Funded Account: After passing the Combine, traders pay a $149 activation fee and trade in a simulated account earning real profits.
3. Live Funded Account: Successful traders access real capital, with no monthly fees but strict risk limits.

Reset fees apply for rule violations, and market data costs are introduced during live trading.

Spreads and Trading Costs

As a futures-only firm, Topstep eliminates spreads but applies trade-related fees, including:

• Trading Combine & Express Funded: Per-trade fees (e.g., commission, clearing, and exchange fees), which vary by platform.
• Live Funded Account: Monthly market data fees ($135 per exchange) and optional platform costs for advanced features.

The proprietary TopstepX platform offers commission-free trading, making it a cost-effective option during evaluation.

Funded Accounts and Payouts

Topstep’s funded accounts are designed to reward consistent profitability:

• Profit Split: 100% for the first $10,000, then 90%.
• Withdrawals: Traders can request payouts after meeting performance milestones, with daily processing available.
• Scaling: Lot sizes and risk exposure adjust as account balances grow, supporting gradual scaling.

Trading Platforms and Markets

Topstep offers access to a variety of free and paid platforms:

• Free Platforms: TopstepX, Quantower, Tradovate, TradingView, T4.
• Paid Platforms: NinjaTrader, ATAS OrderFlow, and others during live trading.
  Markets include futures contracts across forex, indices, commodities, and metals.

Live traders must also budget for market data fees, which can total $135/month per exchange.

Topstep provides access to 32 futures markets across forex, equity indices, commodities, and metals. Popular instruments include E-mini S&P 500, Crude Oil, and Gold, with options for micro contracts catering to smaller positions.

Leverage is determined by account size, with $50K accounts allowing up to 5 lots and $150K accounts up to 15 lots. Micro contracts offer additional flexibility, enabling up to 50 micro lots for a $50K account. This structure provides scalability while ensuring effective risk management.

Trust and Support

Topstep has built a strong reputation in the trading community, supported by:

• TrustPilot Rating: 4.6/5 from over 5,500 reviews.
• Community: Over 86,000 members on Discord and a dedicated TopstepTV channel.
• Customer Support: 24/7 support available through live chat, email, and WhatsApp.

Final Verdict

Topstep is an excellent choice for futures traders, offering a structured evaluation process and high profit payouts. While the firm’s focus is limited to futures, its transparent rules, strong educational resources, and platform flexibility make it a leading option for those looking to trade futures professionally.

City Traders Imperium (CTI) offers competitive funded programs tailored for traders of all experience levels. The firm stands out with its 100% profit split opportunities, funded trader salaries, and flexible challenges.

City Traders Imperium is a Dubai-based proprietary trading firm offering flexible funded programs. Traders can access up to $200,000 in starting capital with scaling opportunities for consistent performance.

Challenges and Fees

City Traders Imperium offers three funding options tailored to different trading goals:

1. 1-Step Evaluation: Single-phase challenge with a 10% profit target. Fees start at $69, with account sizes up to $80,000—suited for traders seeking quick funding access.
2. 2-Step Evaluation: Two-phase process with a 10% profit target in Phase 1 and 5% in Phase 2. Fees start at $29, with account sizes ranging from $2,500 to $100,000—ideal for disciplined traders preferring structured growth.
3. Instant Funding: Immediate capital access with accounts from $2,500 to $80,000. Fees start at $129—perfect for experienced traders confident in trading firm capital.
4. Instant Funding Pro: Advanced funding option with larger account sizes up to $80,000. Fees start at $299, offering premium scaling and higher profit potential for seasoned traders.

These programs accommodate various trading styles, providing flexibility with profit shares of up to 100% and opportunities to scale account sizes over time.

Spreads and Trading Costs

City Traders Imperium offers competitive trading costs, ensuring traders can focus on strategy without hidden fees:

• Forex Spreads: Starting from 0.3 pips for major pairs like EUR/USD.
• Commissions: $5 per lot (round trip) for forex and commodities.
• Indices: $0.50 per lot (round trip).
• Cryptocurrencies: Zero commission.

Funded Accounts and Payouts

CTI rewards consistent traders with attractive profit splits and scaling opportunities:

• Profit Splits: 80% standard, scaling up to 100%.
• Scaling Plan: Account balances increase by up to 200% upon hitting profit milestones.
• Payouts: Minimum withdrawal of $100, processed within 1–2 business days.
• Trader Salaries: Monthly payments for funded traders based on account size (e.g., $250/month for a $50,000 account).

Trading Platforms

City Traders Imperium supports two platforms with a range of trading tools:

• MetaTrader 5 (MT5): Advanced tools, including Depth of Market (DOM) and integrated economic calendars, ideal for experienced traders.
• MatchTrader: A simpler platform tailored for beginners, offering essential charting tools and mobile compatibility.

CTI provides access to a diverse range of markets, including 28 forex pairs, 13 global indices, 3 commodities (such as gold and oil), and 6 cryptocurrencies like Bitcoin and Ethereum.

Leverage is set at 1:30 for forex on evaluation accounts and 1:10 for commodities and indices, while cryptocurrencies have a leverage of 1:2 across all account types.

Trust and Support

City Traders Imperium has built a strong reputation through transparent trading rules and community engagement:

• TrustPilot Rating: High rating of 4.5 out of 5 stars.
• Discord Community: 18,800+ members for support and collaboration.
• Customer Support: Available via live chat and email.

Final Verdict

City Traders Imperium is a strong contender for Canadian traders seeking flexible funding options and competitive payouts. With features like funded trader salaries, instant funding, and scaling opportunities, CTI provides excellent value for traders looking to grow their accounts without risking personal funds.

FundedNext is a top pick for Canadian traders due to its flexible challenge models, competitive profit splits of up to 95%, and a broad range of supported trading platforms. The Stellar accounts stand out with balance-based drawdowns and customizable evaluation options, making it ideal for traders seeking adaptability in their funded trading journey.

FundedNext offers a variety of funding programs tailored to suit different trader preferences. Whether you’re looking for a structured two-step evaluation or a quicker, one-step challenge, FundedNext provides account sizes ranging from $5,000 to $200,000.

With profit splits starting at 80% and scaling to 95%, traders benefit from generous rewards for consistent performance.

Challenges and Fees

FundedNext’s funding options include the Evaluation, Express, and Stellar models, catering to various trading styles:

1. Evaluation Challenge: A two-step process with profit targets of 10% in Phase 1 and 5% in Phase 2. Fees range from $49 to $999 for account sizes between $5,000 and $200,000.
2. Express Model: Available in Consistency and Non-Consistency formats. Consistency accounts offer higher potential rewards but stricter trading rules, while Non-Consistency accounts are more flexible. Fees start at $59.
3. Stellar Challenge: Offers 1-step or 2-step evaluations with profit splits up to 95%. Fees begin at $59, making it a premium option for traders seeking top-tier splits.

Spreads and Trading Costs

FundedNext provides competitive spreads through its clearing house, Eightcap.

• Forex: EUR/USD spreads as low as 0.06 pips.
• Commission Fees: $3 per lot for most accounts; Stellar Lite charges $7 per lot.

Indices and crypto products are commission-free.

Funded Accounts and Payouts

FundedNext offers profit payouts starting at 80%, with the potential to scale up to 95% based on performance.

• Payout Schedule: Evaluation accounts allow bi-weekly payouts after the first 28 days. Stellar accounts provide payouts every 14 days.
• Scaling Plans: Accounts can increase by 40% every four months, with maximum scaling up to $4 million.
• Minimum Withdrawal: $20, with crypto withdrawals for smaller amounts.

Trading Platforms and Markets

FundedNext provides a versatile selection of trading platforms to cater to different trading styles and preferences:

• MetaTrader 4 (MT4): A widely-used platform ideal for forex traders, offering customizable charting tools and compatibility with Expert Advisors (EAs) for automated trading.
• MetaTrader 5 (MT5): A more advanced version of MT4, designed for multi-asset trading. It supports additional order types, integrated economic calendars, and TradingView integration for enhanced charting capabilities.
• cTrader: Known for its user-friendly interface and advanced market depth analysis, cTrader is perfect for manual traders seeking transparency and flexibility.
• TradingView: Integrated with MT5, it provides sophisticated charting features and social trading options, allowing traders to share strategies and analysis.

You can also trade the following instruments:

• Forex: 50 pairs, including majors, minors, and exotics.
• Indices: 18 global indices.
• Commodities: 5 key assets like gold and crude oil.
• Cryptocurrencies: 10 coins, including BTC and ETH.
• Leverage: Up to 100:1 for forex, 50:1 for indices, and 2:1 for crypto.

Trust and Support

FundedNext boasts an “Excellent” Trustpilot rating and a vibrant online community, including 190,000 Discord members.

• TrustPilot Score: 4.5 out of 5 stars.
• Customer Support: 24/7 live chat and email assistance.
• Educational Resources: Trading guides, psychology sessions, and a YouTube channel with over 77,000 subscribers.

Final Verdict

FundedNext is a strong choice for Canadian prop traders seeking flexible challenges and competitive profit splits. Its wide range of platforms and accessible trading rules make it suitable for traders of all levels. While strict daily loss limits may pose challenges, its scaling opportunities and educational resources provide excellent value.