Hey, everyone! Welcome back. It's a pleasure to have you here once again. Today, we delve into the world of prop trading firms, ranking the top 10 proprietary trading firms for October 2023.
Surge Trader #10
Alright, let's kick off our list with "Surge Trader," a proprietary trading firm that has been in operation since September 2021, marking its two-year anniversary at the time of writing.
This firm is headquartered in Florida, USA. Surge Trader offers traders a streamlined evaluation process, allowing them to choose from six different account sizes, ranging from $25,000 to $1 million USD.
SURGETRADER AUDITION
| Capital | $25,000 | $50,000 | $100,000 | $250,000 | 500,000$ | 1,000,000$ |
|---|---|---|---|---|---|---|
| Targets | 10% | 10% | 10% | 10% | 10% | 10% |
| Profit Split Upto | 90% | 90% | 90% | 90% | 90% | 90% |
| News Trading | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 0 days | 0 days | 0 days | 0 days | 0 days | 0 days |
| Time Limit | No Time Limits | No Time Limits | No Time Limits | No Time Limits | No Time Limits | No Time Limits |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% | 5% |
| Max Trailing Drawdown | 8% | 8% | 8% | 8% | 8% | 8% |
| Leverage Up to | 1:20 | 1:20 | 1:20 | 1:20 | 1:20 | 1:20 |
| Refundable Fee | 250$ | 400$ | 700$ | 1800$ | 3500$ | 6500$ |
It's important to note that account scaling is available for all account sizes except for the $1 million tier. When it comes to brokers and trading platforms, Surge Trader has partnered with Think Markets as their broker, offering traders the option to select either MetaTrader 4 or MetaTrader 5 trading platforms.
For detailed information on these account sizes and programs, please check out our review articles on our website or YouTube channel.
Overall, Surge Trader has garnered an excellent reputation and a solid presence in the industry. Let's take a moment to check TrustPilot and see what the community has to say about them. They hold an outstanding rating of 4.6 out of 5 based on numerous reviews, reflecting highly positive sentiment towards Surge Trader. Here is the discount code of Surge Trader SurgeTrader9849918
Funded Trading Plus #9
Next up is "Funded Trading Plus," a proprietary trading firm established in December 2021. Their offices are situated in London, UK, with Simon Massey serving as the company CEO.
Funded Trading Plus offers traders a choice of four distinctive funding program options:
- The Experienced Program: This is a one-step evaluation.
- The Advanced and Premium Programs: These involve a two-step evaluation process.
- The Master Program: This is a direct funding program.
It's worth noting that all four funding programs come with a scaling plan, allowing traders to increase their capital and handle more substantial amounts within the company.
Experienced Trader Program
| Capital | $15,000 | $30,000 | $60,000 | $125,000 | 250,000$ |
|---|---|---|---|---|---|
| Targets | 10% | 10% | 10% | 10% | 10% |
| Profit Split Upto | 90% | 90% | 90% | 90% | 90% |
| News Trading | Allowed | Allowed | Allowed | Allowed | Allowed |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 0 days | 0 days | 0 days | 0 days | 0 days |
| Time Limit | No Time Limits | No Time Limits | No Time Limits | No Time Limits | No Time Limits |
| Daily Starting Drawdown | 3% | 3% | 3% | 3% | 3% |
| Max Relative Drawdown | 6% | 6% | 6% | 6% | 6% |
| Leverage Up to | 1:30 | 1:30 | 1:30 | 1:30 | 1:30 |
| Refundable Fee | 119$ | 199$ | 349$ | 499$ | 999$ |
Regarding brokers and trading platforms, Funded Trading Plus has partnered with the broker Eightcap, offering traders the flexibility to choose between MetaTrader 4 and MetaTrader 5 trading platforms.
Now that we've covered some general information and the funding programs of Funded Trading Plus, let's see what the community has to say about them. On Trustpilot, they boast a near-perfect score of 4.9 out of 5 based on a multitude of reviews from their community.
As evident, Funded Trading Plus has made a significant impact in the industry, earning a well-deserved spot on our list of the top 10 prop trading firms. Here is the 10% discount code of Funded Trading Plus MYFOREXBUDDY
FTMO #8
Alright, coming in at eighth on our list is an industry veteran which is FTMO. They are one of the first prop trading firms that emerged within the industry back in September 2015. They’re a company that is located in Europe in the Czech Republic out of Prague, beautiful city and are being managed by a really wonderful CEO of Oteka Sufna and I probably said that incorrectly so I do apologize for you Oteka.
FTMO offers traders a standard two-step evaluation program with two account types: normal and aggressive. Account sizes go up to $200,000 for normal evaluations and $100,000 for aggressive evaluations, with both account types featuring an additional scaling plan.
FTMO- Normal Account
| Capital | $10,000 | $25,000 | $50,000 | $100,000 | 200,000$ |
|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% |
| Profit Split Upto | 90% | 90% | 90% | 90% | 90% |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 4 days | 4 days | 4 days | 4 days | 4 days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% |
| Max Drawdown | 10% | 10% | 10% | 10% | 10% |
| Leverage Up to | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 155 euro | 250 euro | 345 euro | 540 euro | 1080 euro |
When it comes to brokers and trading platforms, FTMO utilizes a tier-one liquidity provider, ensuring direct market access. Traders can choose from MetaTrader 4, MetaTrader 5, or C-Trader based on their personal preferences.
Let's once again turn to Trustpilot to gauge the broader community's perspective. FTMO holds a near-perfect score of 4.9 out of 5 based on numerous reviews, underlining their status as a well-established, highly reputable, and productive prop trading firm.
True Forex Funds #7
Next on our list is "True Forex Funds." This company has been in operation since October 2021 and is led by Richard Nargi. True Forex Funds, like some other prop trading firms, is based in Europe, specifically in Hungary.
They offer a single two-step evaluation program to traders worldwide, featuring three distinct account types: standard, quick funding, and limitless funding. Account sizes range from $10,000 up to $200,000, and traders have the flexibility to choose their funding currency, whether it's in USD, Euros, or Great British Pounds.
Two-phase Evaluation
| Capital | $10,000 | $25,000 | $50,000 | $100,000 | 200,000$ |
|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% |
| Profit Split | 80/20 | 80/20 | 80/20 | 80/20 | 80/20 |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 0 days | 0 days | 0 days | 0 days | 0 days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% |
| Max Drawdown | 10% | 10% | 10% | 10% | 10% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 89 euro | 189 euro | 299 euro | 499 euro | 998 euro |
Furthermore, once you qualify, you have the ability to scale your funded trading accounts. In terms of brokers and trading platforms, True Forex Funds has partnered with a tier-one liquidity provider, ensuring direct market access. Traders can also choose between MetaTrader 4 and MetaTrader 5 trading platforms.
Heading back to Trustpilot for a community perspective, True Forex Funds boasts an impressive rating of 4.8 out of 5 based on a substantial number of reviews. It's no surprise that True Forex Funds has earned a spot on our list, ranking very highly as one of the top prop trading firms available.
MyFundedFX #6
The next prop trading firm that has taken the sixth spot on our list is “MyFundedFX”. They’re a company that has been providing traders with funding since June 2022 and are being managed by Matthew Leach, based out of Texas, USA.
MyFundedFX offers three unique funding programs to their community. You have a one single phase evaluation and two two-step evaluation programs. Account sizes range from $5,000, all the way up to $300,000 and an additional scaling plan as well.
Two-Step Normal
| Capital | 5,000$ | $10,000 | $25,000 | $50,000 | $100,000 | 200,000$ | 300,000$ |
|---|---|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% |
| Profit Split | 80/20 | 80/20 | 80/20 | 80/20 | 80/20 | 80/20 | 80/20 |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 1 days | 1 days | 1 days | 1 days | 1 days | 1 days | 1 days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Max Drawdown | 8% | 8% | 8% | 8% | 8% | 8% | 8% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 50$ | 100$ | 200$ | 300$ | 500$ | 950$ | 1344$ |
Regarding brokers and trading platforms, MyFundedFX is also partnered with Think Markets while also recently introducing the announcement of a partnership with Ava Trade Brokerage, worth keeping an eye on.
In addition, traders are able to choose between the two very popular MetaTrader 4 and MetaTrader 5 trading platforms.
Let’s take a closer look at what their community is saying about them. On TrustPilot, they also have an excellent rating of 4.7 out of 5 based on numerous reviews. The overwhelming sentiment, very positive for MyFundedFX, and for good reason in our eyes. Here is the discount code of MyFundedFX MYFOREXBUDDY
Fidelcrest #5
Coming in next on our list is “Fidelcrest,” one of the earlier prop trading firms that recently celebrated five years in the industry—a remarkable achievement in itself. They commenced operations back in September 2018.
Fidelcrest is headquartered in Cyprus and offers a two-step evaluation program with two distinct account types. Traders can opt for normal evaluation accounts, with sizes ranging from $15,000 to an impressive $1 million, or aggressive evaluation accounts, ranging from $15,000 up to $500,000.
Micro Trader Account Types- Normal type
| Capital | $15,000 | $30,000 | $60,000 |
|---|---|---|---|
| Targets | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% |
| Profit Split | 80/20 | 80/20 | 80/20 |
| Weekend Holding | Allowed | Allowed | Allowed |
| Minimum Trading Days | 0 days | 0 days | 0 days |
| Time Limit | Phase I- 60 DAYS, Phase II- 60 DAYS | Phase I- 60 DAYS, Phase II- 60 DAYS | Phase I- 60 DAYS, Phase II- 60 DAYS |
| Daily Starting Drawdown | 5% | 5% | 5% |
| Max Drawdown | 10% | 10% | 10% |
| Leverage | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 89 euro | 189 euro | 299 euro |
When it comes to brokers and trading platforms, Fidelcrest operates with Fidelcrest Markets as their personal brokerage, granting traders the option to trade using either MetaTrader 4 or MetaTrader 5 trading platforms.
Fidelcrest is undeniably a phenomenal prop trading firm. Let's explore what the broader community has to say. On Trustpilot, they maintain an excellent rating of 4.6 out of 5 based on a substantial number of unique reviews from their community.
As with all prop firms, it's advisable to conduct your own due diligence and check out the good, the bad, and everything in between. However, it's evident that all the prop firms on our list have earned their excellent scores, and Fidelcrest is no exception.
The Funded Trader #4
Claiming the fourth spot on our list is "The Funded Trader." This USA-based prop trading firm has been in operation since May 2021 and is located in Liberty Hill, Texas.
Funded Trader provides traders with a choice of four funding programs, including three two-step evaluations and a single one-step evaluation.
Traders can select from standard, rapid, royal, and night challenges, working with account sizes ranging from $5,000 to $400,000 and having the option to scale their funded accounts. For detailed information on these programs, please refer to our reviews.
Standard Challenge- Swing
| Capital | 5,000$ | $10,000 | $25,000 | $50,000 | $100,000 | 200,000$ | 300,000$ | 400,000$ |
|---|---|---|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 10%, Phase II- Profit Target = 5% |
| Profit Split | 80/20 | 80/20 | 80/20 | 80/20 | 80/20 | 80/20 | 80/20 | 80/20 |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 3 days | 3 days | 3 days | 3 days | 3 days | 3 days | 3 days | 3 days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Max Drawdown | 10% | 10% | 10% | 10% | 10% | 10% | 10% | 10% |
| Leverage | 1:60 | 1:60 | 1:60 | 1:60 | 1:60 | 1:60 | 1:60 | 1:60 |
| Refundable Fee | 65$ | 129$ | 199$ | 299$ | 499$ | 939$ | 1469$ | 1879 |
When considering brokers and trading platforms, Funded Trader has partnered with three different brokers: Eightcap, Purple Trading, and Think Markets. This offers traders the flexibility to choose the broker that suits them best, as well as the option to trade using either MetaTrader 4 or MetaTrader 5 trading platforms.
Now, let's take a look at Trustpilot reviews. Funded Trader boasts an impressive rating of 4.5 out of 5, arguably with the most reviews of any prop trading firm, reflecting overwhelmingly positive sentiment and reinforcing its status as an established and reputable prop trading firm. Here is the 5% discount code of Funded Trader TFTTrader9860189
Funding Pips #3
We're on the home stretch, and ranking third on our list is "Funding Pips." They are undoubtedly one of the industry leaders, having been in operation since August 2022, and their growth in that short period has been nothing short of exponential.
Funding Pips is headquartered in Dubai, UAE, and they offer traders a two-step funding program with five different account sizes, ranging from $5,000 to $100,000. Importantly, they also provide a scaling plan, allowing traders to scale their capital further, all the way up to $2 million.
Two-step Evaluation
| Capital | 5000$ | $10,000 | $25,000 | $50,000 | $100,000 |
|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% |
| Profit Split Upto | 80% | 80% | 80% | 80% | 80% |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 0 days | 0 days | 0 days | 0 days | 0 days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% |
| Max Drawdown | 10% | 10% | 10% | 10% | 10% |
| Leverage Up to | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 32$ | 60$ | 139$ | 239$ | 399$ |
Now when looking at brokers and trading platforms, Funding Pips uses a Black Bull Market as their broker, allowing their traders to trade through MetaTrader 5 as their trading platform. Let’s take a closer look at what their community is saying about them though.
On TrustPilot, they’ve got an excellent rating of 4.8 out of 5 as an average score out of a bunch of unique reviews as well. So Funding Pips most certainly lands on our ranking list for a good reason, doing a phenomenal job in the industry in just over 12 months, and we expect more exponential growth from Funding Pips in the very near future.
FundedNext #2
Moving on to our second-ranking prop trading firm on the list, we have "FundedNext." This company was incorporated in March 2022 and is a global prop trading firm with a presence in four geographical locations: the UAE, the USA, the UK, and Bangladesh.
FundedNext offers traders a choice of four distinctive funding programs. These include two one-step evaluations and two scaling plans for those who successfully qualify.
Stellar Challange
| Capital | 6000$ | $15,000 | $25,000 | $50,000 | $100,000 | 200,000$ |
|---|---|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% |
| Profit Split Upto | 90% | 90% | 90% | 90% | 90% | 90% |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 5 days | 5 days | 5 days | 5 days | 5 days | 5 days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% | 5% | 5% |
| Max Drawdown | 10% | 10% | 10% | 10% | 10% | 10% |
| Leverage Up to | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 59$ | 119$ | 199$ | 299$ | 519$ | 999$ |
When it comes to brokers and trading platforms, FundedNext is partnered with Eightcap. They have also introduced two in-house broker options: Growthnext and Incenteco. Traders have the flexibility to choose between the widely popular MetaTrader 4 and MetaTrader 5 trading platforms.
Let's wrap up this article by examining the general community perspective on FundedNext. They maintain an excellent rating of 4.7 on average out of 5, based on a multitude of unique reviews from their community.
It's safe to say that we're not the only ones who believe FundedNext is making remarkable strides in the industry. However, we strongly encourage you to go through and read all the comments for all the prop firms on this list as part of your due diligence.
FundedNext secures its place on our list for good reason, as one of the top prop trading firms in the industry. With that, we conclude our October 2023 list of the best 10 prop trading firms.
This ranking is a result of our firsthand experiences with these companies. If any of the featured firms pique your interest, we highly recommend exploring our comprehensive reviews on our website as well.
In the meantime, take care, fellow traders. Happy trading, and we'll see you in the next article.
E8 Funding #1
And now, we come to our last but certainly not least prop trading firm, the number one rated prop trading firm for October 2023, "E8 Funding." This company was founded in November 2021 and is another US-based prop trading firm located in Dallas, Texas. E8 Funding has been making remarkable strides in the industry.
They offer traders a choice between three unique funding programs: the E8 Evaluation, Elevate, and E8 Track, with account sizes reaching up to $250,000. Importantly, all three funding programs come with a scaling plan, allowing traders to expand their capital further.
E8 Account- Normal
| Capital | $25,000 | $50,000 | $100,000 | 250,000$ |
|---|---|---|---|---|
| Targets | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% | Phase I- Propfit Target = 8%, Phase II- Profit Target = 5% |
| Profit Split | 80/20 | 80/20 | 80/20 | 80/20 |
| Weekend Holding | Allowed | Allowed | Allowed | Allowed |
| Minimum Trading Days | 0 days | 0 days | 0 days | 0 days |
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
| Daily Starting Drawdown | 5% | 5% | 5% | 5% |
| Max Drawdown | 8% | 8% | 8% | 8% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 |
| Refundable Fee | 228$ | 338$ | 588$ | 988$ |
When considering brokers and trading platforms, remember that E8 Funding is partnered with a tier-one liquidity provider, providing them with direct market access. Traders are free to choose between MetaTrader 4 and MetaTrader 5 for their trading needs.
Conclusion
Let's wrap up this article by examining the general community perspective on E8 Funding. They maintain an excellent rating of 4.7 on average out of 5, based on a plethora of unique reviews from their community.
It's safe to say that we're not the only ones who believe E8 Funding is making remarkable strides in the industry. However, we strongly encourage you to go through and read all the comments for all the prop firms on this list as part of your due diligence.
E8 Funding secures its place on our list for good reason, as one of the top prop trading firms in the industry. With that, we conclude our October 2023 list of the best 10 prop trading firms.
This ranking is a result of our firsthand experiences with these companies. If any of the featured firms pique your interest, we highly recommend exploring our comprehensive reviews on our website as well.
In the meantime, take care, fellow traders. Happy trading, and we'll see you in the next article.