Advertising Disclosure
Forex Prop Trading Firms
- What is Forex Prop Trading Firm?
- Is Forex good for Prop Trading?
- Best Prop Firms for Forex Trading
- List of Prop Firms for Forex Trading
What is Forex Prop Trading Firm?
Prop Trading Firm or proprietary Trading firm that allows trading Forex Instruments and Currency Pairs is known as Forex Prop Trading Firm.
While Prop Trading itself is not a Broker (See Forex Trading Brokers) but a company that allows to mainly Professional traders pass Evaluation or Trading Test and become Company Funded Trader, therefore gain Funded Account and trade with the Firms money.
Read More about Prop Trading here or check out Wikipedia about Proprietary Trading.
Is Forex Good for Prop Trading?
While selecting Prop Trading firm to trade with it is necessary to check precisely the Instrument range. While majority of Prop firms indeed will offer Forex or Currency Pairs Instruments the selection itself still solely depends on the company offering itself.
In fact Forex is one of the most favorable Instruments for Prop Trading, here we gather some of the important notes about trading Forex at Prop Firm or Funded Account:
- Forex Trading provides one of the largest liquidity worldwide therefore is great for Day Trading with Prop Firms or Swing trading alike, yet be sure to verify allowance to use particular trading strategy
- Many Prop Trading Firms offer to trade Forex and Currency Pairs thus as a trader you may have more Prop Firms to choose from
- Forex is also known for Good costs system so the trading fees typically built into spreads might be easiesr to manage and calculate while trading and building system for Funding Account
- Check Carefully all the Details and Rules to Pass Prop Trading Evaluation and Activity on Funded Account – it is highly recommended to check all the details about Evaluation and Trading Test process. Usually, there are numerous rules and restrictions which may include restrictions on strategies, limitations to trade news, allowing day trade only or accept swing trading, which all may affect either your evaluation process or funding account activity itself. In fact in Prop Trading the most important is to follow Rules and criteria set by Prop Trading Firm itself, which in case of any breach may result in Funded Account loss or Evaluation failure.
💰 Costs | Trader have to Pay Trading Test Fee based on Account Size selected |
💳 Spread/ Commission | For Forex Instruments typically Spread Basis |
📉 Trading Strategy | Depend on Prop Firm - usually some strategies are restricted |
📈Leverage | Yes (Depend on Prop Firm) |
💰Contract size | Micro Lot, Standard Lot (Depend on Prop Firm) |
Best Prop Firms for Forex Trading
Here we made a selection of Top Prop Trading Firms good for Trading Forex and Currencies also defined by category as offering some of the best trading conditions to become Funded Trader. This is our top Prop selection consist of reputable companies for better safety:
- FTMO – Best Overall Prop Trading Firm for Forex 2024
- The Funded Trader – Forex Highest Paying Prop Trading Firms 2024
- FundedNext – Best Remote Forex Prop Trading Firm 2024
- The 5ers – Best Day Trading Forex Prop Firm 2024
- True Forex Funds – Best Online Prop Forex Trading Firm 2024
List of Prop Firms for Forex Trading
These are the good established Prop Firms suitable for Trading Forex on Funded accounts with various Currency Pairs available to trade:
Broker | Detail | |
---|---|---|
FunderPro |
Min. Deposit: $549 Max. Leverage: 1:200 Trading Platforms: MT5, MT4 Regulation: Malta |
FunderPro Review |
BuoyTrade |
Min. Deposit: $50 Max. Leverage: 1:20 Trading Platforms: MT4 Regulation: Singapore |
BuoyTrade Review |
Funding Traders |
Min. Deposit: $50 Max. Leverage: 1:100 Trading Platforms: MT5, MT4 Regulation: UAE |
Funding Traders Review |
Glow Node |
Min. Deposit: $100 Max. Leverage: 1:30 Trading Platforms: Match-Trader Regulation: UK |
Glow Node Review |
FX2 Funding |
Min. Deposit: $95 Max. Leverage: 1:100 Trading Platforms: DXtrade Regulation: USA |
FX2 Funding Review |
Next Step Funded |
Min. Deposit: $98 Max. Leverage: 1:100 Trading Platforms: MT4 Regulation: USA |
Next Step Funded Review |
Traders4Traders |
Min. Deposit: $100 Max. Leverage: 1:10 Trading Platforms: MT5, MT4 Regulation: Australia |
Traders4Traders Review |
FTUK |
Min. Deposit: $149 Max. Leverage: 1:100 Trading Platforms: MT4, MT5 Regulation: UK |
FTUK Review |
Funding Pips |
Min. Deposit: $32 Max. Leverage: 1:100 Trading Platforms: Matchtrader, cTrader Regulation: UAE |
Funding Pips Review |
Alpha Capital Group |
Min. Deposit: $250 Max. Leverage: 1:100 Trading Platforms: MT5 Regulation: UK |
Alpha Capital Group Review |
- « Previous
- 1
- 2
- 3
- 4
- Next »