Prop Firm Comparison - Traders With Edge (2024)

FAQs

Which prop firm is the most reliable? ›

The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

Such challenges test trading abilities, risk management competencies, and emotional discipline, ensuring that only the most competent individuals are allowed to manage the firm's funds. Although some companies might offer single-stage evaluations or even bypass them entirely, such cases are rare exceptions.

Follow A Slower Approach

Many impatient traders rushing towards profit targets fail the smaller 5K challenges. Instead, take your time to build confidence, understand the prop firm's risk management policies, and eventually pass the challenge.

The Forex Funder

The Forex Funder is among the most popular prop trading firms globally. The UK-based prop firm offers a 1-step and 2-step evaluation process, which allows traders to choose the most suitable one based on their experience and strategy.

Prop Firm Trader Salary

The salary of a prop trader can vary greatly depending on several factors such as experience, performance, and the size of the firm. On average, a junior prop trader can expect to earn anywhere between $50,000 to $100,000 per year, while a senior trader can make upwards of $500,000 annually.

Best Prop Firm Payouts. FunderPro has the fastest prop firm payouts, you can claim uncapped daily payouts. Also, they are 100% guaranteed because your trade with real funds!

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place. A trader doesnt know when a winning streak might occur, or when they may take a string of drawdowns.

Which prop firm is the cheapest? ›

Many traders fail to control the emotional urge to keep pushing for higher returns, often ignoring the prudent step of taking profits at planned levels or adjusting stop losses to protect against market reversals.

For most funded trading accounts, it takes around four to five months to pass the screening process or prop firm trading challenge, before funding will be allocated to a trader. However, some prop firm challenges can be passed in a much shorter time, in as little as two days, though this involves using increased risk.

To successfully complete a 10K prop firm challenge, you must manage consistent risk on every trade and protect the prop firm's capital. Finally, utilize the no-time limit evaluation rule to trade slowly and meet the profit targets.

Maven Trading Prop Firm is a well-known financial organization that offers traders substantial sums of money to participate in various financial markets. In the financial industry, the organization has a good reputation.

Yes, there are many sites offering similar services to FTMO. These include FunderPro, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

Smart Prop Trader is one such low spread prop firm offering trading accounts with very low discrepancies between the asking price and the bid or spreads that generally average low. Trading with our low-spread account helps you enter and exit trades without worrying about trading costs.

Having successfully operated since 2015, we provided thousands of clients with their FTMO Accounts, and in total, we have paid out over $160 million. We've also been featured in Forbes and awarded by Deloitte and EY multiple times.