Prop-Firms.com Methodology

Our prop trading firm comparisons and reviews are supported by thorough testing, research, and our experience within the industry. We use a model with multiple weighted criteria to formulate our comparisons.

Below, you’ll learn what factors we use to score each of these criteria, forming the overall prop firm score.

Spreads

Spreads are a critical component of trading costs. We evaluate the typical spreads offered by each firm, assessing how competitive they are in relation to the broader market. This helps traders understand the cost implications of trading with different firms.

Audition Process

The audition process refers to the steps traders must complete to qualify for funding. We assess the complexity, duration, and fairness of these processes, whether it’s a single-step evaluation or a more complex multi-step process.

Accounts

We review the types of accounts offered by prop firms, including details on minimum deposits, account structures, and any associated fees. This helps traders determine which account types best suit their trading style and financial situation.

Payments and Payouts

Payment structures and profit payouts are critical considerations for traders. We analyze how firms handle payments, including profit-sharing percentages, payout frequencies, and any related fees or limitations.

Trading Platforms

The quality and variety of trading platforms available to traders are important factors in our methodology. We evaluate the platforms supported by each prop firm, focusing on usability, features, and the range of tools provided for both beginner and advanced traders.

Financial Markets

We assess the range of markets available for trading, including forex, commodities, indices, and more. A broader range of markets typically allows for more diverse trading strategies and opportunities.

Customer Support & Education

Effective customer support and educational resources are vital for traders, especially in the fast-paced environment of prop trading. We evaluate the responsiveness, availability, and quality of customer service, as well as the depth and accessibility of educational materials provided by the firm.

Trust & Community

Trust is paramount in prop trading. We score firms based on their transparency, community feedback, and overall reputation in the industry. This includes reviewing user experiences, regulatory standing, and the firm’s engagement with its trader community.

Account Opening

The ease and speed of opening an account can significantly impact a trader’s experience. We analyze the account opening process, including the documentation required, verification speed, and any barriers that might delay or complicate the process.

justin grossbard author
About the author: Justin Grossbard

Justin Grossbard is the co-founder of CompareForexBrokers and since 2014 with the role of Strategic Head Of Research. He is a member of the AICD and holds a Master's and Bachelor's Degree in Commerce. He previously worked with the banking sector, including ANZ and is a contributor to Finance Magnates, Kiplinger and Forbes. He has also published a book on alternative investments which is available on Amazon.

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