Hey everyone. Today, we’re diving into the world of proprietary (prop) trading firms as we reveal our top 10 picks for October 2024. Our rankings are based on thorough firsthand experiences with these exceptional companies. So, you can trust that we’re bringing you the most reliable recommendations.
We will take you through detailed overviews of each firm, highlighting their global offerings and unique features tailored to traders.
Best 10 Prop Trading Firms of October 2024!
So, let’s jump right into our roundup of the top 10 proprietary trading firms for October! Whether you’re an experienced trader or just starting your journey, there’s something for everyone. Let’s get started!
10. MyFundedFX
Ranked 10th on our list, MyFundedFX is a well-regarded proprietary trading firm founded in June 2022 and led by Matthew Leech. Based in Texas, USA, the firm has rapidly gained recognition in the industry. MyFundedFXoffers a range of funding programs, including two two-step evaluations, a one-step evaluation, and a three-step evaluation, with account sizes ranging from $5,000 to $100,000. Each program includes scaling options, giving traders the flexibility to select the path that best aligns with their trading goals and preferences.
9. FunderPro
FunderPro ranks 9th on our list, a prominent proprietary trading firm founded by Gary Mullen in February 2023. The firm offers a range of funding programs designed to meet the diverse needs of traders. These include two two-step evaluations and a one-step evaluation, with account sizes ranging from $5,000 to $200,000. Each program comes with a scaling option, providing traders with ample opportunities for growth. With these three distinct funding paths, traders can select the option that best aligns with their goals and preferences.
8. Funded Trading Plus
Ranking 8th on our list is Funded Trading Plus, a prominent proprietary trading firm founded by Simon Massey in December 2021. The firm offers a range of funding programs designed to meet the diverse needs and preferences of traders. These include two two-step evaluations, a one-step evaluation, and a direct funding option, with account sizes ranging from $5,000 to $200,000. Each program features a scaling option, allowing traders the opportunity to grow their accounts over time. With four distinct funding pathways available, traders can select the option that best suits their goals and strategies.
7. Alpha Capital Group
Ranked 7th on our list is Alpha Capital Group. It is a leading proprietary trading firm that has been offering trader funding since November 2021. Headquartered in London, UK, and led by CEO George Kohler, the firm has quickly made its mark in the prop trading industry. Alpha Capital Group offers three funding programs, two two-step evaluation processes, and a one-step evaluation, with account sizes ranging from $5,000 to $200,000, along with scaling options. This flexibility enables traders to select the account size that best suits their trading goals and preferences. In terms of technology, Alpha Capital Group operates its own brokerage, ACG Markets, ensuring a smooth and integrated trading experience.
6. FTMO
Ranked 6th on our list is FTMO, a well-respected proprietary trading firm that has been providing trader funding since September 2015. Based in Prague, Czech Republic, and led by CEO Otakar Suffner, FTMO has firmly established itself as a leader in the prop trading industry. The firm offers a single, structured funding program with a two-step evaluation process featuring account sizes ranging from $10,000 to $200,000, along with optional scaling opportunities. This flexibility allows traders to select the account size that best aligns with their goals and preferences.
5. E8 Markets
Claiming the 5th spot in our rankings is E8 Markets, a prominent proprietary trading firm founded by Dylan Elchami in November 2021. Based in the United States, with its headquarters in Dallas, Texas, E8 Markets offers a wide range of funding programs, giving traders numerous options. These include a two-step evaluation, two three-step evaluations, two one-step evaluations, and customizable two-step and three-step evaluations. Account sizes range from $5,000 to $400,000, with additional scaling opportunities available. This diverse selection allows traders to choose the program that best aligns with their goals and preferences.
4. FXIFY
Ranked 4th on our list is FXIFY. It is a prominent proprietary trading firm founded in May 2023 by David Bhidey and Peter Brown. Headquartered in London, UK, FXIFY provides a variety of funding programs designed to meet the needs of different traders, including a two-step evaluation, a three-step evaluation, and a one-step evaluation, each tailored to specific trading goals. Account sizes range from $5,000 to $400,000, with scaling options available, offering traders the flexibility to choose the program that best suits their objectives.
3. Funding Pips
Claiming 3rd place in our October rankings is Funding Pips, an innovative firm founded in August 2022 by Khaled Ayesh. Based in the United Arab Emirates, Funding Pips has quickly built a strong global presence. The firm offers a wide range of funding programs, including three two-step evaluations, a one-step evaluation, and a three-step evaluation, with account sizes ranging from $5,000 to $100,000, all featuring scaling options. This variety allows traders to select the account type and size that best aligns with their trading goals and preferences.
2. FundedNext
Claiming the 2nd spot in our rankings is FundedNext, a dynamic trading firm founded in March 2022 and led by Syed Abdullah Jayed. Based in Dubai, United Arab Emirates, FundedNext has quickly established itself in the industry. The firm provides a variety of funding programs, including three two-step evaluations and three one-step evaluations, with account sizes ranging from $5,000 to $200,000, all offering scaling options. These flexible programs enable traders to select the plan that best suits their trading objectives and preferences.
1. The5%ers
Leading our October rankings is The5%ers, a resilient proprietary trading firm founded in January 2016 and led by Saul Lokier. With offices in both Israel and London, UK, The5%ers has established a solid reputation within the prop trading industry. The firm offers a range of funding programs, including two-step and three-step evaluations, as well as a direct funding option. These programs cater to account sizes ranging from $5,000 to $250,000, with scaling opportunities. This flexibility allows traders to select the plan that aligns best with their trading goals and preferences.
That is not all. There are more details that you should know, so why don’t you watch the full Best 10 Prop Trading Firms of October 2024 Video:
As we wrap up our list of the top 10 proprietary trading firms for October 2024, we want to emphasize that these rankings are based on our personal experiences with each company, ensuring you receive an honest and well-informed perspective.
Also, don’t forget to check the Discount Codes we offer for Various Prop Firms.
