Prop trading has been increasingly popular in recent years due to its potential for high returns on investment. Recent reports show that many prop firms boosted their investments, anticipating a solid year ahead, giving traders more opportunities.

If you are a new trader who wants to start trading but doesn’t want to risk money, or if you are an active trader making profits but still wants to upgrade your trading for a higher chance of profits but doesn’t have enough capital, then you are most probably be benefited from the top prop trading firms out there. Here are the reasons why and how to find the top-tier trading prop firm for you.

What is a Prop Firm?

Proprietary or prop trading is where a firm trades with its own money rather than trading on behalf of clients. This means traders can trade without being anxious about capital risks such as losses. Prop trading firms employ traders skilled at identifying profitable trading opportunities and executing trades that generate a profit. It is a win-win process – when the trader profits, the firm profits, and vice versa.

One key advantage of prop trading is that it allows traders to trade with significantly more capital than they would have access to if they were trading their own money. This allows prop traders to take on more prominent positions and potentially generate higher profits than they could otherwise.

Maybe you are wondering: “What is the best prop firm for me? Or how will I find the top prop trading firms near me?” Before finding the right one, first, you can compare five of the best online prop trading firms today and learn from the benefits and rewards you can receive from these firms.

5 Top Prop Trading Firms Compared

If you are to trade with a prop firm, you will probably want to choose the top-tier trading prop firm that will provide you with the needed instruments for trading. So what are the best firms you can choose from? Here is a brief comparison of five of the top prop trading companies in the market.

trader2B:

If you are into stocks, Trader2b is the right top-tier prop trading firm for you. It provides all the necessary instruments, such as expert training, coaching, hands-on trading, cutting-edge risk management, and real-time support. You can earn a trader2b funded account by completing the Toro Challenge Program, where educational opportunities and engagement with fellow learners to perform better at zero cost. But if you are confident in your skills in making significant profits, you can provide a solid tracking record, and they will get you funded and start trading stocks as soon as possible.

Why Trader2b is the Best Online Prop Trading Firm

There are many reasons to start as a prop trader at Trader2b. Here are some of them:

• No limits on trading style, lot size, or instruments,
• Access to account analysis and coaching to help you reach your trading goals, 
• Dedicated customer support 24 hours a day, 5 days a week,
• Remote trading anywhere with a fast Internet connection,
• Have some of the lowest fees on the market, and more.

• FundedNext

FundedNext is gaining popularity for offering a 15% profit split as early as the evaluation stage and is the only prop firm to propose such a reward from the start of its client’s journey. It also offers up to 90% profit sharing and a 40% increase in account balance every 4 months allowing traders to reach up to $4 million in account funds. But all of these benefits will depend on the trader’s performance. Every FundedNext trader aims to maintain a consistent and profitable track to be eligible for further rewards and benefits.

Although FundedNext is a relatively new firm, it has attracted many traders due to its excellent rewards. It also provides two funding models designed for the different capabilities of its clients. While one model assesses your trading skills by making realistic profits, the other lets you hit a more ambitious profit target of 25% with no time limit. These benefits from one of the top prop trading firms are very attractive to both inexperienced and experienced traders.

• Topstep

Topstep is best when you are into trading futures and derivatives. It offers a 100% profit split on your first $5,000 earnings and 80% afterward. This reward will boost the trader’s confidence to make profitable trades to the best of their ability. To qualify for a funded account by Topstep, you must pass its evaluation process, referred to as the Trader Combine. The goal is to reach a profit target while achieving the necessary trading objectives.

• Surge Trader

Surge Trader is well-known for its fast-track funding – shortly after passing your evaluation, you will become a funded trader with up to 90% payout from your earnings. But if you fail the audition, you will be qualified for a 20% discount on your next one. It is also one of the top trading firms with no monthly fees, hidden costs, and time limits on passing the audition. While getting funded by Surge Trader is an excellent option, it offers higher costs than other prop trading companies. It also requires adhering to specific rules like drawdown and risk limits, which, when violated, can impact your account.

• FTMO

FTMO is one of the top prop trading firms for forex. Its unique 2-step Evaluation Course: FTMO Challenge and Verification, makes people learn and discover forex trading. After passing the evaluation, you will be eligible for a funded account with a balance of up to $400,000 and up to a 90% profit split opportunity.

Aside from excellent rewards given by the firm, it also provides the help of performance coaches and an account analysis you may need in your trading journey with them.

The Bottom Line

Proprietary trading is an excellent way for aspiring traders to get their feet wet on trading strategies and skills. Thanks to all the top prop trading firms, everyone has the same opportunity to learn, train, and start making profits from trading at the least minimum cost. The rewards and benefits these companies offer are attractive, and the risk is relatively low. With its excellent benefits, it’s no wonder that these firms have become so popular among traders.

Aside from the five discussed above, there are still a lot of reliable platforms you can put on the list of prop trading firms you can search for. Every one of these prop trading companies offers unique and excellent programs that can provide you with a great and safe environment to start trading.