I’ve been learning about prop trading recently, and I’m considering joining a proprietary trading firm. There seem to be so many options out there, and I want to avoid scams or unreliable firms.
For those of you with experience, which prop firms do you think are legit and worth it? I’m particularly looking for firms that:
Offer fair profit splits.
Have transparent evaluation processes.
Provide reliable payouts.
Offer good trading conditions (like spreads, platforms, and leverage).
If you’ve traded with a prop firm before, I’d love to hear your experiences—good or bad!
Thanks in advance for your insights. Let’s help each other make informed decisions!
Kevin said:
Heard from all praising this and that, but in the end, most people would suggest you FTMO. Others are cheap and so is scam and account closures.
@Rocco
Check 5ers; if it’s banned in your country, then you’re probably from the US. Good luck to you then, most firms including reputable ones like 5ers and FTMO don’t accept US residents.
Dezi said: @Rocco
Check 5ers; if it’s banned in your country, then you’re probably from the US. Good luck to you then, most firms including reputable ones like 5ers and FTMO don’t accept US residents.
It’s not banned here and is on my list. Any other reliable prop firms? And why do they not accept US residents?
@Rocco
I only use FTMO and 5ers, so I don’t know much, I always focused on the best. There was a firm among the ‘big 5’, MFF, a very popular firm that got sued by the US and Canada; they ceased operations September last year if I remember correctly. So my point is to have about 3 ‘Best’ firms and divide your investments into all 3, but read their terms and conditions well, read their rules and ask support questions. Some might allow copying from one prop firm to another while others might not or may restrict you to making their account the master account which means you can copy to other prop firms as the slave account. You have to do your own due diligence and research their website thoroughly, talk to support, and see how fast their response is.
Rocco said: @Dezi
What about Topstep? Thanks for your input.
Hmmm I don’t use Topstep and I have no idea about them. You can check reviews, one tip, check the worst reviews and their replies on Trustpilot, see issues people have frequently and find out why.
Rocco said: @Dezi
What about Topstep? Thanks for your input.
I can recommend Topstep; it was the last prop firm I did before going on my own. I took ~$1000 out of them. Good plans, pricing, and payoff. Only thing is DO NOT take ALL of your profits if you plan to continue trading.
Azriel said: @Dezi
Have you had any issues with either FTMO or 5ers?
FTMO has wider spreads; it’s terrible for scalpers. I also wouldn’t encourage keeping trades overnight because of the huge spreads during rollover, which is normal but FTMO has a wider one. Sometimes I hit SL because of this on FTMO, but my 5ers works well. 5ers has a very fast payout system within 24 hours most times while FTMO can be up to 3 days. Is 5ers the better option? It depends on you. 5ers makes sure you win at least 3 trades and make 0.5% to get funded or scale an account; that’s what they call their consistency rule, FTMO doesn’t. FTMO allows you to trade more assets as well, more crypto whereas you can trade only currencies, a few indices, metals, and about 3 crypto pairs. Both are good and they have their downsides and upsides; usually, I can work myself around those rules. For instance, I never leave a trade overnight on FTMO; I’d rather miss the trade than lose money. Both will pay you if you make money and abide by their rules; they’re the most reputable firms in the industry, but you have to check, do proper research, check which rules favor you. Log in to their demo accounts; 5ers has a demo account you can check on their website to check spreads and other things, while for FTMO they have a free trial account you can create. There’s usually no perfect one, so go for the one that suits you best.
Forrest said:
At this point, just ask AI, top 5 prop funding companies. It will tell you.
I want to know from people who are using the prop firms.
Could be biased answers. Some people trade with firms that are clearly out of the top 5 and say that it is amazing because of 50% discounts, despite the obvious fact that such firms can’t handle proper scaling.
I just went with one I’m familiar with. Been trading a live account for a while and found out the broker offers funded accounts for 10% of the funded account balance basically. So $10 for a 1k so on and so forth.
I have no experience with prop firms so I can’t really recommend for or against any of them. Still in challenge phase and haven’t even started trading it yet. This week will be week one.
. Would you trade with them if they came back?
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