Prop Firm Comparison For Traders
Find the perfect prop firm based on the conditions most important to you
With so many prop trading firms out there and new ones appearing every month, it can be hard to find what you are looking for. Below you will find the most popular prop trading firms and all the most important features most people look for in a prop firm so you can compare to find the best match for you as a trader.
NOTE: There are no Eightcap broker based prop firms in the list, as these are all the same and just white labels provided by the broker themselves. I have found the trading conditions with Eightcap to be sub par, so do not use them personally and dont recommend them
Prop Firm Comparison
Below are my top prop firms
These have the best trading conditions and the best price for the evaluations based on my research and testing.
Prop Firm: E8 Funding
Main Selling Points & Why I Use Them:
2nd cheapest firm | no minimum trading days | competitive targets | fast payouts
E8 are a little newer on the scene than My Forex Funds and have to say the website’s a little in your face! However, once you get past all the neon they are actually a very well funded organization and have a lot of respect from funded traders for all the same reasons as MFF, but they have an edge.
If you read the reasons above I love My Forex Funds, it’s pretty much the same thing here, BUT there is a key difference with E8 that initially attracted me and why I still use them today. The “NO MINIMUM DAY” rule. E8 are unique in the fact you don’t have to trade for a minimum of 5 or 10 days like most other prop firms. What this means is you can actually get fully funded in one day (and I’ve done it so know it’s possible) which fast tracks you to funding if you blow accounts. Admittedly you will need to over leverage to get funded in a day, but the option is there, and it’s got me out of trouble on bad runs when I needed to get back in the game fast.
Get 40% OFF for life with my promo code for Take Profit Trader
Code : THEMST40
Futures Prop Firm: Take Profit Trader
Main Selling Points & Why I Use Them:
instant withdrawals | fixed daily drawdown | Rithmic, Tradingview & Tradovate integration
Take Profit trader entered the futures prop scene with a bag, run by a Canadian hockey player turned trader they have capital behind them and offer every instrument you want to trade on every software platform you would want, including Jigsaw which is a big plus!
If you want to trade futures, this is the firm for you. At the time of writing, TPT are the ONLY prop firm for futures that allow instant withdrawals of your profits. Apex, the other firm I’ve traded prop with for futures and recommend, are among the fastest payers, but you will be withdrawing in weeks not days. TFT for this reason get the number one spot!
PLUS, I’ve got an awesome promo code, so you get a discount too! You can get $50k of funding for under $150 which is an absolute bargain!
Get 40% OFF for life with my promo code for Take Profit Trader
Code : THEMST40
Get The Indicators & Dashboards I use
The indicators are all available direct from your MT4 or MT5 platform in the market section. Alternatively, you can get them on the MQL5.com website!
The Market Reversal Alert Indicator
The key to the strategy is knowing when price is starting to turn and change direction. This indicator draws in market structure for you, then sends you an alert so you can take a look at your charts and see if there is a valid reason to enter a trade.
The Market Reversal Alert Dashboard
This amazing dashboard monitors the major time frames and all pairs you trade and alerts you instantly when a potential reversal happens. No more staring at charts all day! Every pair and key time frame in front of you in one MT4 window. Priceless.
The ADR Reversal Indicator
The ADR Reversal Indicator shows you at a glance where price is currently trading in relation to its normal average daily range. You will get instant alerts via pop-up, email or push when price exceeds its average range and levels above it of your choosing.
The ADR Alert Dashboard
The ADR reversal dashboard allows you to monitor every pair or instrument you trade in one dashboard. You’ll get alerted every time something exceeds your set ADR levels and ensure you will never miss an opportunity.
The Trade Manager Dashboard
Take control of your forex portfolio. See instantly where you stand, what's working and what's causing you pain! The Trade Manager Dashboard is designed to make risk management and exposure to currencies easier to understand.
The RSI and TDI Alert Dashboard
The RSI / TDI alert dashboard allows you to monitor 6 main timeframes (selectable by you) at once on every major pair you trade. The dashboard will alert you to extended conditions (overbought and oversold) when a candle closes on the chosen time frame.
Symmetrical Triangle Pattern Indicator
Profit from market contraction and consolidation after price makes new highs or lows in the market. Get alerted when a contraction is happening, ready to pounce on the next continuation or reversal move that is building up.
Symmetrical Triangle Pattern Dashboard
Get alerted and see instantly when any instrument you trade forms a symmetrical triangle pattern on any time frame. Get ready to pounce on those triangle breakouts!
Opening Range Breakout EA
Profit from the explosive moves that occur at the open of stock indices and give yourself an actionable edge every day. The opening range breakout EA can be tweaked to your liking to capture the trends that form just after the open every day on the main stock indices like the DAX, DOW, NASDAQ and S&P500.
The Market Reversal Alerts EA
Based on the indicator, this EA will auto trade signals generated from the market reversal alerts indicator. It has powerful filters to configure as you like to trade including ADR, MAs and RSI. You can also use it to basket/grid trade, and it has every risk option you can imagine.
The Price Action Toolkit EA
The missing piece of functionality in MT4!
Fast order buttons to quickly enter, adjust and exit positions and scalp with lightning speed. Get price action candlestick alerts on the most commonly traded patterns and auto execute entries and exits based on your preferences.Â
Support, Resistance & Propulsion Gaps
Automatically draw support and resistance levels PLUS propulsion candle gaps on your chart, so you can see where price is likely to head next and/or potentially reverse. This indicator is designed to be used as part of the position trading methodology taught on this website and displays key information for targeting and potential entries.
Stock Index Hedge EA
Take advantage of the opening volatility of the major stock indexes and profit from the sudden moves created at those times when the market breaks away at the opening bell. The strategies’ goal is to simply benefit from those days when the market moves fast and hard in one direction at the open and bank that move.