Now, they are particularly focused on attracting retail traders by offering a variety of opportunities designed to help individuals excel in proprietary trading. In this review, we’re going to explore what sets OFP apart from the competition and how they’re supporting traders in achieving their goals. Let’s dive in!

OFP Review Is Here: Check out what they offer!

All right, so the Overview Funding Program has been solidifying its position as a key player in the proprietary trading industry since its inception in February 2022. They have headquarters in London, UK, and have quickly gained a strong reputation among traders looking for reliable funding opportunities. The firm is ready to provide dependable trading conditions, offering a single, customizable instant funding program, which we’ll take a look at. This allows traders to access capital directly without the need to undergo a traditional evaluation process. Their account sizes range from $5,000 to $200,000, making them suitable for both new and experienced traders seeking capital to trade with.

OFP Instant Funding Program

So, let’s look at that instant funding program. Once again, account sizes range from $5,000 up to $200,000, and the aim is to identify skilled traders who are consistently profitable and can efficiently manage risk. With instant funding, traders can utilize leverage of up to 1:100 and choose their account currency from USD, Euros, or Great British Pounds. By opting for instant funding, you receive a funded account with no minimum withdrawal requirements.

The primary conditions to adhere to are maximum daily loss limits of 3%, 4%, or 5%, and maximum trailing loss limits of 6%, 8%, or 10%. Your first payout can be requested monthly, bi-weekly, or on-demand once the trader value score is achieved, with subsequent withdrawals following the same schedule, depending on your account type.

Profit splits range from 26% to 80%, depending on the profits generated on your funded account. The instant funding program also includes a scaling plan, where if a trader remains profitable and achieves a 20% profit over a three-month period, they become eligible for an increase in their account size equivalent to 25% of the initial balance. 

There are four customizable objectives to consider:

• The first relates to drawdown limitations. Traders can choose from three different options for daily and overall loss limits: 3% daily with 6% overall, 4% daily with 8% overall, or 5% daily with 10% overall loss limits. This flexibility is great, allowing you to trade based on your strategy.
• The second customizable objective is the profit split, offering options of 26%, 40%, 60%, or 80%.
• The third customizable element is the payout cycle—monthly, bi-weekly, or on-demand. 
• Finally, account currency is customizable, allowing you to choose between USD, Euros, or Great British Pounds, depending on your preference.

Is obtaining OFP capital realistic?

Now, is obtaining capital realistic? When considering the feasibility of trading requirements, OFP’s conditions are quite favorable. Without profit targets and with moderate loss rules (3%, 4%, or 5% daily, and 6%, 8%, or 10% overall), it’s quite feasible to get funded and remain profitable. There are no restrictions on the minimum or maximum number of trading days, offering traders a lot of flexibility to trade at their own pace.

Once you generate a profit, you’re eligible for payouts with favorable profit splits of up to 80%. Considering all these factors, we recommend OFP as a company to work with. They offer straightforward funding programs, achievable trading objectives, and conditions for payouts. Want to know more about the firm? Watch the full OFP Review:

Also, use our Discount Code (FOREXPROPREVIEWS) for a 15% Discount and stay updated with the Latest Prop News.

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In total, we’ll cover 15 prop trading firms that have made some changes and updates throughout the month of August. These updates cover a wide range of changes from some of the industry-leading prop trading firms, reflecting the continuous growth and improvements within the entire industry for traders.

Prop Firm Updates of August! ALL IN ONE!

But with further ado, in no real particular order, let’s dive into our list of the key updates that occurred in the industry during August.

FXIFY

Alright, the first proprietary trading firm on the list is FXIFY. 

• The firm made a significant move this month with the integration of the DxTrade platform into its infrastructure. 

FundedNext

Next up are some important updates from FundedNext, a firm that is making a lot of headlines with a series of new measures and features this month.

• To begin with, FundedNext has introduced new country restrictions on both new purchases and account resets. 
• In addition to the restrictions, FundedNext is implementing a maximum allocation limit of $50,000 USD for traders in specific countries. 
• On a brighter note, FundedNext has rolled out a very exciting new feature: the “My Offers” section. 

MyFundedFX

Now, let’s turn our attention to MyFundedFX, which is making some waves with exciting new integrations and enhancements to its platform.

• MyFundedFX has announced the integration of TradingView charting with MatchTrader, the trading platform available to its users. 
• But that’s not all—MyFundedFX has also made some strides in improving its trader activation process. From now on, traders who successfully pass the challenge can expect quick activation within just 28 to 48 hours.

Alpha Capital Group

Up next is some exciting news from Alpha Capital Group. They’ve got some impressive updates that are sure to catch the attention of traders looking for speed and specialization.

• Effective immediately, the firm promises to process and activate new trading accounts within just 24 hours of signing a contract. 
• They’ve also introduced a new trading evaluation program called the Alpha Swing Trading Evaluation Plan. 

PipFarm

Next, let’s check out what’s happening over at PipFarm. This firm is making waves by offering traders more options when it comes to their funding programs.

• PipFarm has introduced a brand new funding option for traders: the Two-Phase Evaluation Program. 

Finotive Funding

Turning our attention next to Finotive Funding, a firm that’s making significant strides in global accessibility and financial technology.

• Finotive Funding has made an exciting new announcement with the integration of NOWPayments into its platform. 
• Finotive Funding has also expanded its payment options to ensure global access without borders. 

Goat Funded Trader

Up next is Goat Funded Trader, a firm known around the industry for its flexibility and innovative approaches to trading payouts and payments.

• Goat Funded Trader has introduced a new feature called “Triple Payday.” With Triple Payday, traders can now request payouts three times a month—on the 5th, the 15th, and the 25th.
• On top of that, Goat Funded Trader has also announced the integration of PayPal as a new payment method.

The Funded Trader

The Funded Trader has been making some headlines with several exciting announcements in August as well.

• They’ve launched a new VIP program offering a suite of exclusive benefits for traders participating in various challenge types. These benefits include increased profit splits, faster payout cycles, and higher drawdown limitations.
• They’ve also announced the launch of their new DxTrade mobile apps, which are now available on both iOS and Android platforms.
• In addition, The Funded Trader has successfully integrated MatchTrader into its platform—a milestone for traders, providing a more robust and efficient trading environment with essential updates and tools that optimize trading operations. 

Blue Guardian

Let’s take a quick look at Blue Guardian, a firm that’s introducing some exciting new options designed to boost profitability and provide quicker access to funds.

• They’ve announced the launch of two new add-ons to enhance their users’ trading experience: the 90% Profit Split and First Payout in 7 Days. 

SFX Funded

Next up, we have some major updates from SFX Funded, a firm that is expanding its reach and enhancing accessibility for traders around the globe.

• They have announced a significant milestone by welcoming traders from Africa into their community. 
• Alongside this, SFX Funded is now accepting a variety of payments from all African countries, with the exception of Tanzania and Uganda. 
• In addition to the African expansion, they are thrilled to announce that they are now accepting US traders into their community. 

RebelsFunding

Let’s explore the latest innovations from RebelsFunding, a firm that’s recently introduced some exciting features to enhance the trading experience.

• They have rolled out a significant update designed to empower traders with enhanced tools and greater control over their strategies. This new feature allows traders to visualize their trailing stops directly on the chart, significantly improving user experience and trading efficiency.
• RebelsFunding has also introduced a new login feature that eliminates the need for traditional password entry. 

FTUK

Up next is FTUK, a firm that’s undergoing some transformations to enhance its community and trading experience.

• They have announced the launch of their newly redesigned website, marking the beginning of a major transformation for their community. 
• In addition to the website overhaul, they have announced a comprehensive revamp of their account offerings. The firm has, according to them, totally rebuilt its accounts to set new industry standards, offering greater flexibility, improved payout structures, and faster growth opportunities for traders.
• Furthermore, FTUK has introduced a new two-step challenge as part of its funding programs. With this addition, they now offer three funding programs: a one-step challenge, instant funding program, and the newly introduced two-step challenge. 

Crypto Fund Trader

Alright, into the final few. Let’s have a look at Crypto Fund Trader, a firm that’s making some great changes and developments in the world of cryptocurrency trading.

• Crypto Fund Trader has announced the imminent launch of its new crypto futures platform. 

Direct Funded Trader

Now, let’s check out the latest developments from Direct Funded Trader, a firm that’s expanding its trading offerings to meet the growing demand for cryptocurrency-related instruments.

• They have announced a very important expansion with the introduction of crypto indices. 

Leveled Up Traders

And lastly, but certainly not least, is Leveled Up Traders, a firm that’s making strides in enhancing accessibility for its global community.

• Leveled Up Traders has announced the global availability of PayPal as a payment option, now including users in the United States. 

And that wraps up this list. Well, these have been the updates and changes from some of the leading prop trading firms throughout August. We can see that the industry as a whole is evolving. More and more trading firms are always looking to adjust and improve their offerings to traders, and we anticipate the remaining months of 2024 to be full of plenty more growth and innovations in the industry, which is great news for traders.

For details about all these updates, watch the Prop Firm Updates of August Video:

That wraps up this one. Also, stay updated with the Latest Prop News.

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These rankings are based on our personal experiences with these companies and within the industry. We’ll cover a very brief overview of some standout prop firms and take a quick look at their offerings to traders. Hopefully, this will help you see what the top firms are doing and perhaps figure out which one is right for you.

Best 10 Prop Trading Firms of August 2024!

So, let’s dive into the best 10 prop trading firms for August 2024!

FunderPro

Alright, first up, in the 10th spot for this month, is FunderPro. FunderPro has been doing a remarkable job in the industry. They’ve grown exponentially since launching in February 2023. They offer a wide range of funding programs tailored to meet different types of traders. These options include two-step evaluations and a one-step, with account sizes ranging from $5,000 to $200,000, each featuring a scaling option. This allows traders ample room for capital growth so they can select the best program that suits their trading objectives and preferences.

Funded Trading Plus

Taking the 9th spot on our list is Funded Trading Plus, a prominent prop trading firm incorporated in December 2021. Funded Trading Plus provides a wide range of funding programs designed to cater to various trading needs and preferences. These include two-step evaluations, a one-step evaluation, and a direct funding option. Account sizes range from $5,000 to $200,000, and each program offers a scaling feature, giving traders the opportunity to grow their accounts.

TopTier Trader

Ranked 8th on our list is TopTier Trader, a leading proprietary trading firm founded in October 2021. Based out of Florida, USA, they are known for strong leadership and strategic direction. The firm offers a single funding program, which includes a two-step evaluation with account sizes ranging from $5,000 to $300,000, with scaling options and add-on features available.

FTMO

Seventh on our list is FTMO, a prop firm we’ve spoken about regularly. Established in September 2015, they are based in Prague, Czech Republic, and have become a leading name in the industry. FTMO offers a single structured funding program with a two-step evaluation process and account sizes ranging from $10,000 to $200,000, each with optional scaling features.

E8 Markets

Next, we have E8 Markets, ranked 6th. Established in November 2021 and based in Dallas, Texas, they offer a variety of funding programs, including two-step and three-step evaluations and account sizes ranging from $5,000 to $400,000. Their partnerships with tier-one liquidity providers ensure realistic market conditions for traders.

Alpha Capital Group

For the 5th spot, we have Alpha Capital Group, a London-based firm established in November 2021. They offer two funding programs with a two-step evaluation process, with account sizes ranging from $5,000 to $200,000 and additional scaling options. 

FXIFY

Coming in 4th is FXIFY, a London-based firm founded in May 2023. They offer a range of funding programs, including two-step, three-step, and one-step evaluations, with account sizes from $10,000 to $400,000. 

FundedNext

Our 3rd-place firm is FundedNext, founded in March 2022 and based in Dubai. They offer a range of programs, including three two-step evaluations and three one-step evaluations, with account sizes from $5,000 to $200,000. 

Funding Pips

Second place goes to Funding Pips, launched in August 2022. Operating globally from the UAE, they offer a wide range of funding programs, including two-step, one-step, and three-step evaluations. Account sizes range from $5,000 to $100,000, with scaling options available. 

The5ers

And finally, taking the top spot for August 2024 is The5ers. Founded in April 2020 with offices in Israel and London, they offer a variety of funding programs, including two-step, three-step, and direct funding, with account sizes ranging from $5,000 to $250,000. They provide direct market access through their broker.

Well, that concludes our ranking of the best 10 prop trading firms for August 2024! You can find more details about the firm in the Video:

Lastly, don’t forget to check out the Discount Codes we offer for various prop firms and stay updated with the Latest Prop News.

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FunderPro Review Is Here!

For those unfamiliar with FunderPro, they are a prominent prop trading firm founded in February 2023, led by CEO Gary Mullen. They’re based in Malta and offer three funding programs, which we’ll explore in more detail: two two-step evaluations and a one-step evaluation, allowing traders to manage accounts up to $200,000. The maximum capital allocation available is $200K, but with a scaling option, you can reach up to $5 million in the long run—more on that later.

Let’s take a look at the funding program options. There are three

• Regular Evaluation
• Swing Evaluation
• Fast Track

Let’s review the requirements for each and see how they stack up in the industry.

Regular Evaluation

Starting with the Regular Evaluation: You can manage an account ranging from $5,000 up to $200,000. This program aims to identify traders who are skilled, profitable, and capable of managing risk effectively during a two-step evaluation process.

• In Phase One, traders must achieve a 10% profit target without exceeding a 5% maximum daily loss or a 10% overall loss. To advance to Phase Two, just hit the 10% profit target while adhering to those loss limits.
• In Phase Two, the profit target drops to 8%, with the same daily and overall loss rules of 5% and 10%, respectively. 

Once you’ve completed both phases, you receive a funded account. There’s a minimum withdrawal amount of $100, and you must continue to follow the daily and overall loss rules. 

Swing Evaluation

Now, let’s look at FunderPro’s Swing Evaluation. This option also allows traders to manage accounts ranging from $5,000 to $200,000.

• It has the same two-step evaluation structure, with a 10% profit target in Phase One and an 8% target in Phase Two.
• The daily and overall loss limits remain the same: 5% and 10%, respectively. 

To become a funded trader in this program, you just need to hit your profit targets without breaching loss limits. Afterward, the minimum withdrawal is $100, and you can withdraw on demand. 

Fast Track 

Now, on to FunderPro’s Fast Track program. This one-step evaluation lets traders manage accounts from $5,000 to $200,000. It’s designed to find disciplined, profitable traders who can manage risk. The evaluation phase has a higher profit target—14%—with stricter loss limits: 4% daily and 7% overall. As with the other programs, there are no minimum or maximum trading days.

Once you hit the 14% profit target while adhering to the loss limits, you’ll achieve funded status. 

What makes FunderPro stand out?

So, what makes FunderPro stand out? They offer multiple account types and evaluations, like other prop firms, but their unlimited trading periods (no minimum day requirements) really set them apart. That’s a huge advantage, especially for new traders, as it removes the time pressure that often leads to failed evaluations. The ability to make withdrawals from day one and the on-demand payouts are also rare in the industry.

There is so much more information that you should know about FunderPro, so why don’t you watch the FunderPro Review Video:

Also, use our Discount Code (forexpropreviews) for a 15% Discount and stay updated with the Latest Prop News.

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Lux Trading Firm is a trading firm with over three and a half years of experience in the industry. They’ve attracted retail traders by providing numerous opportunities for those eager to excel in proprietary trading. Our goal at Forex Prop Reviews is to offer you firsthand, high-quality information about reputable prop trading firms so you can choose the one that fits your specific needs. We’re committed to ensuring you have the knowledge needed to make an informed decision when selecting a prop firm.

With that being said, let’s take a deeper look at what Lux Trading Firm brings to the table. 

Lux Trading Firm Review Has Arrived!

Lux Trading Firm has solidified its position as a significant player in the proprietary trading industry since its inception in January 2021. They are headquartered in London, UK, with additional bases in Dubai and the UAE. The firm offers traders two distinct funding programs, which we’ll explore. These include:

• Two-step evaluation
• One-step evaluation

Two-step Evaluation

Let’s start with the two-step evaluation and go over some of its details and features. This program offers traders the opportunity to manage account sizes ranging from $50,000 to $200,000. It aims to identify disciplined traders who are profitable and can efficiently manage risk through a structured evaluation process, allowing trading with up to 1:30 leverage, depending on the instrument.

• In the first evaluation phase, traders must reach a profit target of 6% without exceeding a 6% maximum trailing loss. Once the first phase is complete, traders are eligible for a 50% refund of their initial one-time fee, depending on the selected account size.
• In the second evaluation phase, the profit target is 4%, with the same 6% maximum trailing loss. To qualify for a funded account, traders only need to meet the profit target without breaching the trailing loss rule. After successfully completing this phase, traders are eligible for a second 50% refund on the initial one-time fee.

Upon completing both evaluation phases, traders receive a funded account. There are no minimum withdrawal requirements as long as the trader respects the maximum trading loss rule of 6%. 

One-Step Evaluation

Now, let’s move on to Lux Trading Firm’s one-step evaluation. This program offers traders the opportunity to manage account sizes of up to $1 million. The goal is to identify disciplined and profitable traders who can efficiently manage risk through a single evaluation period, with trading leverage up to 1:30.

• To pass this evaluation phase, traders must reach a profit target of 15% while not exceeding a 6% maximum trailing loss.

Upon successful completion of this phase, traders receive a funded account with no minimum withdrawal requirements, provided they adhere to the trailing loss rule of 6%. 

Is it realistic to get capital from Lux Trading Firm?

But is it realistic to get capital from Lux Trading Firm?  With Lux Trading Firm trading exclusively with real capital, we believe this is vital in today’s market. Traders should thoroughly review all trading rules during the evaluation and funding stages to avoid inadvertently breaching account terms. Overall, considering the factors we’ve discussed, we recommend Lux Trading Firm. They offer two different funding programs, both with realistic trading goals and conditions, allowing traders to qualify for payouts under favorable terms. Plus, Lux Trading Firm’s commitment to using real capital is crucial in today’s market.

There are more details, so why don’t you watch the Video:

Also, use our Discount Code (forexpropreviews) for a 5% discount and stay updated with the Latest Prop News.

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If you’re passionate about trading or even just curious to familiarize yourself with the financial markets, which is probably why you’re here, BullRush may be the perfect platform for you. So, let’s take a closer look at exactly what they do, what they offer, and whether it’s something you’d like to be a part of. That being said, let’s dive in.

BullRush Review – Ultimate Trading Competition Platform!

Launched recently, the platform has already attracted participants from over 120 countries, offering a dynamic environment where both novice and experienced traders can compete, hone their skills, and win real prizes.

What sets BullRush apart from traditional trading firms is its focus on competitions and tournaments. Rather than providing proprietary trading services, BullRush hosts an array of free and paid competitions, covering a diverse range of trading instruments, including Forex pairs, metals, indices, and cryptocurrencies. This diversity allows traders of all levels and preferences to find competitions that suit their interests.

The platform’s user-friendly dashboard is to make trading competitions seamless and engaging. Participants can easily track their progress, view their achievements, and participate in daily trading trivia challenges. Additionally, traders are free to employ any strategy they choose, whether it’s scalping, swing trading, or Martingale, all of which are supported by BullRush.

BullRush also features a ranking system where traders advance through different levels based on their XP accumulation. Starting at the Student level and progressing through Copper and onward, traders unlock exclusive rewards, access to more prestigious competitions, and platform swag as they level up.

What is the Future of BullRush?

In the near future, BullRush plans to roll out several new features to further engage its growing community. Among these is the Challenge Arena, where traders will take on unique market-based challenges to test their skills and win cash prizes. Unlike proprietary trading firms, BullRush offers instant cash rewards to those who pass these challenges rather than funded accounts.

Another upcoming feature is the Trivia Competition, which will quiz traders on various aspects of the financial markets. The trivia will feature questions ranging from basic to advanced, making it a fun and educational opportunity for traders of all experience levels to showcase their knowledge.

If you want more details, watch the full video:

Also, stay updated with the Prop News. Also, we have a special promotion code (FPREVIEWS) for our community, which allows you to receive an additional 500 Promo Credits while registering.

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Despite being a recent entrant into the industry, SFX Funded has quickly gained recognition for its management and stellar reputation. The firm is drawing global attention by offering very enticing features to traders around the world. But let’s check out exactly what they’re offering. 

SFX Funded Review Has Arrived: Check it Out!

For those who are unfamiliar with SFX Funded, they are a prop trading firm founded in May 2024. They are fairly new to the industry, but they are based out of Dubai, United Arab Emirates.

Let’s look at their funding options. They offer two distinct funding programs:

• Two-step Evaluation
• Instant Funding Program

Traders can manage accounts up to $120,000 with profit splits ranging from 65% to 95%, depending on the chosen program. 

Two-step Evaluation

Let’s start with the two-step evaluation. This program allows traders to manage account sizes ranging from $7,500 to $120,000. The purpose is to identify talented traders who can be profitable and efficiently manage risk during the evaluation period. This program permits trading with leverage up to 1:30, depending on your instrument.

• Phase one requires a profit target of 8%, while phase two requires a profit target of 5%.
• Throughout both phases, you have a 4% maximum daily loss and an 8% overall maximum loss.
• Once you successfully meet these requirements, you can proceed to funded status.

Once funded, you have a minimum withdrawal requirement of 2%. Traders must adhere to the 4% daily loss and 8% overall loss rules, which goes without saying.

Instant Funding Program

Now, let’s move on to the instant funding program. This program allows you to manage account sizes ranging from $5,000 to $80,000, and you can start earning from the beginning, bypassing the evaluation phase. Leverage up to 1:30 is also available here.

• With instant funding, traders receive a funded account and must adhere to a 6% maximum loss rule without a maximum daily loss rule.

The scaling plan is applicable here. If a trader is profitable two out of the last three months with a 10% or more return over that period and a minimum of two processed payouts, they become eligible for an account size double-up.

What Makes SFX Funded Different from Some Other Prop Firms?

So, what makes SFX Funded different from some other prop firms? They offer two unique account types: the two-step and instant funding programs. While there are other firms offering similar programs, SFX Funded provides numerous favorable features, including an unlimited trading period with no time pressure, a unique consistency-based scaling plan, very affordable evaluation prices, and more capital for the same price as many top firms in the industry.

There are so many details that you should be aware of, so why don’t you watch the video:

Also, use our Discount Code (FOREXPROPREVIEWS) for a 10% Discount and stay updated with the Latest Prop News.

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The promotion, specifically tailored for Forex Prop Reviews’ audience, requires participants to follow a few straightforward steps. To qualify for the free challenge account, traders must first register with Ultima Markets.

Traders Can Now Claim Free $25,000 or $50,000 Challenge Accounts

So, after registering through the provided affiliate link, participants must complete the Know Your Customer (KYC) process to verify their identity. Once verified, traders need to deposit $650 to qualify for the $25,000 challenge account or $1,100 for the $50,000 challenge account.

Following the deposit, participants must engage in active trading for at least three calendar days, with a total lot volume of three lots. These requirements ensure that traders are fully committed to the market and demonstrate a serious approach to trading.

Who is Ultima Markets?

Ultima Markets, the broker at the center of this promotion, offers a range of advantages that make it an attractive choice for traders. With very low trading costs, tight spreads, and high leverage, Ultima Markets provides traders with the tools needed to maximize their profits. The broker supports a wide array of financial instruments, including currency pairs, metals, oil, indices, shares, and cryptocurrencies, catering to diverse trading preferences.

Security is a top priority for Ultima Markets, which boasts a robust IT infrastructure for fast execution and the absence of hidden backdoor plugins on their platform. Traders can access their accounts from any device, including mobile phones, PCs, and tablets, ensuring flexibility and convenience.

So, Forex Prop Reviews encourages traders not to miss out on this unique opportunity. With the potential to receive a $25,000 or $50,000 challenge account, traders can boost their trading potential without any hidden fees or catches.

For more details, watch the full video:

So, don’t let this chance slip away! Click the link and follow the instructions.

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In total, we’ll be covering 15 prop trading firms that made some changes throughout July. These updates cover a wide range of changes from some of the industry-leading prop trading firms, reflecting continuous growth and improvements within the broader industry.

Prop Firm Updates of July! ALL IN ONE!

Now, without further ado and in no particular order, let’s dive in and take a look at some of the key updates that occurred in the industry during July.

FundedNext

Here are the Updates from FundedNext:

• Introduced a Double Up Add-on
• Introduced a New $100K Stellar Lite Account Size

Funding Pips

Funding Pips has rolled out a series of innovative updates designed to enhance the trading experience for their community:

• Exclusive Update For Two-step Evaluation Payout Structure
• Introduced a Minimum Trading Day Requirement of 3 Days
• Reduced The Mandatory Holding Period of Trades To 1 Minute
• Removed The 3% Rule On All Evaluations
• Introduced Skrill, Neteller & Paysafe Card as New Payment Methods
• Introduced Immediate Delivery of Credentials (Phase 2 & Phase 3)
• Introduced FundingPipsX as A New Program

The5ers

The5ers have announced a pretty monumental addition to their payment options:

• Introduced PayPal as a new payment method

E8 Markets

E8 Markets they’ve got some great updates as well:

• Introduced a New $400k E8 One Account Size
• Introduced a New $200k E8 Pro Account Size
• Introduced E8 Track 1:1 as A New Program

FunderPro

They’ve made some significant changes in response to some Community feedback and some of their own investigation:

• Increased The Duration of Free Trial to 2 Weeks
• Discontinued Free Trials (Due to Risky Trading Behavior)
• Introduced a Loyalty Program
• Enhanced Its Economic Calendar

MyFundedFX

MyFundedFX they’ve made significant announcements:

• Consistency guideline and payout rule update.
• Removed consistency rule and adjusted leverage.

Finotive Funding

Finotive Funding has made some developments as well, and they have made a recent bold expansion. Let’s take a look:

• Crypto Asset Expansion (140 New Instruments)
• Introduced an Automatic Challenge Progression Feature
• Introduced a Trading Terminal Within the Trading Dashboard

PipFarm

Let’s take a look at some updates from PipFarm:

• Introduced Skill as a New Payment Method
• They also introduced Neteller as a New Payment Method
• Introduced a Telegram Customer Support Channel

City Traders Imperium

Let’s take a quick look at City Traders Imperium:

• VPS and VPN Compliance Updates

The Funded Trader

Let’s take a look at The Funded Trader: 

• Introduced Lifetime Reward Certificates

Axe Trader

Here are the Axe Trader Updates for July:

• Introduced a New Legitimate Trading Day Criteria (Trade Duration Over 1 Minute & Trade with A Minimum Profit or Loss of 0.2%)
• Introduced MetaTrader 4 & MetaTrader 5 as New Trading Platform Options

RebelsFunding

Let’s take a look at RebelsFunding:

• Introduced a new payment method: Nigerian Naira

Goat Funded Trader

Goat Funded Trader has introduced some great updates as well:

• Introduced Swing Plus Challenge as A New Program
• Introduced KoraPay as a New Payment Method
• Introduced a $5,000 Account Size for Goat Challenge
• Introduced TradeLocker as a New Trading Platform Option

FTUK

Let’s take a look at FTUK:

• Introduced a New Website Design
• Announced New Account Offerings (Expected to Debut in August)

The Trading Pit

Last but certainly not least, we have The Trading Pit:

• Introduced a New Prime One-step & Two-Step Funding Program

You can find the full details of these updates in the video:

These have been the updates and changes from some of the leading prop trading firms throughout July 2024. As we can see, the industry is evolving rapidly, and trading firms are always looking for ways to adjust and improve their offerings to traders. We anticipate the remainder of 2024 and beyond to be full of even more growth and innovations in the industry.

Also, don’t forget to check the Discount Codes we offer for Various prop firms.

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These rankings are based on our personal experiences with these companies. You might have a different perspective, and that’s okay. We will provide an overview of some standout prop firms and take a quick look at some of the offerings for traders.

Best 10 Prop Trading Firms of July 2024!

Let’s get started:

10. Funded Trading Plus

Coming in at the 10th position for this month is Funded Trading Plus, a notable and very well-established proprietary trading firm. They are nearing their 3-year anniversary. They offer a diverse array of funding programs tailored to various trading needs and preferences. These programs include two-step evaluations, a one-step evaluation, and a direct funding option, with account sizes ranging from $5,000 to $200,000 USD. Each program also includes a scaling option, providing traders with more growth opportunities.

Funded Trading Plus collaborates with ThinkMarkets as their broker, ensuring a reliable and robust trading environment. Their traders can choose from a variety of trading platforms, including MatchTrader, DxTrade, and CTrader, each offering unique tools and features to enhance the trading experience.

9. FunderPro

Next is FunderPro, an outstanding prop trading firm since its inception in February 2023. They offer a variety of funding programs designed to meet the diverse needs of traders. This includes two two-step evaluations and one one-step evaluation, with account sizes ranging from $5,000 up to $200,000. Each program also includes a scaling option.

FunderPro collaborates with a tier-one liquidity provider as its broker, and traders can utilize TradeLocker as its trading platform, enhancing their experience with advanced tools and features. 

8. Alpha Capital Group

Coming in next is Alpha Capital Group, a well-established prop trading firm facilitating trader funding since November 2021. Based in London, UK, and led by CEO George, Alpha Capital Group has become a significant presence in the prop trading industry. They offer a unified funding program with a two-step evaluation, account sizes ranging from $5,000 to $200,000, and additional scaling options.

They utilize their own brokerage, ACG Markets, providing a streamlined and integrated trading experience. Traders can access a variety of robust trading platforms, including MetaTrader 5, CTrader, and DXTrade.

7. TopTier Trader

TopTier Trader, established in October 2021 and based in Florida, USA, is our seventh pick. They exemplify strong management and a strategic vision. They offer a single funding program with a two-step evaluation featuring account sizes ranging from $5,000 to $300,000. Each account comes with scaling options, various add-on features, and plenty of flexibility.

TopTier Trader partners with ThinkMarkets as their broker, and traders use the TradeLocker platform, which includes a suite of advanced tools and features. 

6. FTMO

Next on our list is FTMO, a renowned proprietary trading firm that has been facilitating trader funding since September 2015. Based in Prague, Czech Republic, FTMO is a formidable presence in the industry. They offer a unified funding program with a two-step evaluation process, account sizes ranging from $10,000 to $200,000, and additional scaling options.

FTMO partners with a tier-one liquidity provider for brokerage services, offering a comprehensive suite of trading platforms, including MT4, MT5, cTrader, and DXTrade. 

5. E8 Markets

E8 Markets, founded in November 2021, is based in Dallas, Texas. They offer a diverse array of funding programs, including two-step evaluations, three-step evaluations, one-step evaluations, and customizable options. Account sizes range from $5,000 to $400,000, with additional scaling potential.

E8 Markets collaborates with a tier-one liquidity provider and Virtual Markets, allowing traders to choose between MatchTrader and MetaTrader 5.

4. FXIFY

Ranking fourth is FXIFY, founded in May 2023. Based in London, UK, FXIFY offers a diverse array of funding programs, including two-step, three-step, and one-step evaluations, with account sizes ranging from $10,000 to $400,000 and additional scaling potential. They offer MT4 and MT5 trading platforms. 

3. Funding Pips

Coming in third is Funding Pips, which officially launched in August 2022. Operating globally from the United Arab Emirates, they offer a diverse array of funding programs, including two-step, one-step, and three-step evaluations. Account sizes range from $5,000 to $100,000, with additional scaling opportunities.

Funding Pips partners with a tier-one liquidity provider and offers trading platforms such as cTrader, MatchTrader, and TradeLocker. 

2. The5ers

The5ers, established in April 2020, is based in Israel and London, UK. They offer a range of funding programs including two-step, three-step, and direct funding programs, with account sizes ranging from $5,000 to $250,000.

The5ers leverage a tier-one liquidity provider and use MetaTrader 5 as their preferred trading platform.

1. FundedNext

Emerging as the top-rated proprietary trading firm for July is FundedNext, established in March 2022. Based in Dubai, UAE, and Bangladesh, FundedNext offers a variety of funding programs, including three different two-step and three different one-step evaluations. Account sizes range from $5,000 to $200,000, each with additional scaling options.

That concludes our July ranking of the top 10 proprietary trading firms. We’ve based this ranking on our firsthand experiences with these companies and their recent activities in the industry. For more details about these firms, watch the full video:

If any of the highlighted firms pique your interest, we encourage you to check out our in-depth reviews available on our website. 

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