Introduction
Selecting the ideal proprietary trading firm is a critical step for traders aiming to expand their horizons in the financial markets. This blog post dives into the realm of prop trading firms that stand out not only for their favorable trading conditions but also for their commitment to innovation and technology.
These firms offer a blend of custom-built platforms and unique trading solutions, setting them apart in a competitive landscape. From firms with a rich history and global presence to newer, dynamic players making significant strides, we’ll explore the offerings, technologies, and distinctive features that make these firms the top choice for traders seeking to maximize their potential.
What is The Best Prop Firm with Their Own Tech?
Identifying the best proprietary trading firm that boasts its own technology hinges on the individual needs, trading style, and goals of each trader. In a landscape brimming with innovative firms, the quest to pinpoint the one that aligns perfectly with your trading aspirations requires a deep dive into the unique offerings, technological edge, and support systems these entities provide.
Our curated insights aim to illuminate the path towards making an informed choice. We scrutinize the technological prowess, proprietary platforms, trading conditions, and educational resources available, ensuring you have a comprehensive understanding of what each firm brings to the table.
Whether you’re a novice seeking a robust learning environment or an experienced trader in pursuit of advanced tools and flexible trading parameters, our recommendations are tailored to guide you through the intricacies of selecting a prop firm that not only meets but exceeds your expectations.
1. Funding Traders
Overview:
Funding Traders is a prop trading firm based in the United Arab Emirates, founded in April 2023 under the visionary leadership of CEO Stan. Despite being relatively new to the scene, the firm has quickly established itself as a reputable entity by offering MT5 and partnering with FXCH as their brokerage service. Catering to a wide range of traders with account sizes from $10,000 to $300,000, Funding Traders is characterized by its structured evaluation process, which includes both one-step and two-step challenges. The firm sets ambitious profit targets across these evaluations, coupled with maximum drawdown limits to ensure responsible risk management. With leverage options up to 1:100 for forex trading and a comprehensive selection of trading instruments, Funding Traders appeals to traders interested in a variety of markets, including FX, Crypto, Stocks, Indices, and Metals.
Location:
United Arab Emirates
What Can You Trade:
At Funding Traders, participants have access to a broad spectrum of trading instruments. This range includes major markets such as Forex, Cryptocurrencies, Stocks, Indices, and Metals. By providing high leverage options for forex and more conservative leverage for crypto, alongside access to global indices and commodities, Funding Traders facilitates a diverse trading environment for its clientele.
Profit Share:
Offering an 80% profit split, Funding Traders positions itself as a firm that values its traders’ success. This high-profit share ratio is designed to motivate traders by allowing them to retain a significant portion of their earnings, thereby fostering a culture of achievement and financial growth.
Highlights:
- Structured Evaluation Process: A clear and concise evaluation pathway with one-step and two-step challenges.
- Diverse Trading Instruments: An extensive selection of markets and assets for trading.
- Flexible Leverage Options: Leverage tailored to various market dynamics and trader risk profiles.
- Competitive Profit Split: An 80% profit share ratio underlines the firm’s trader-first approach.
Summary:
Funding Traders has emerged as a noteworthy player in the prop trading firm arena, distinguishing itself with a focus on flexible trading options and a trader-centric profit split policy. The firm’s dedication to providing a wide array of trading instruments and adaptable leverage settings demonstrates its commitment to accommodating different trading strategies and risk appetites. With its headquarters in the United Arab Emirates and led by CEO Stan, Funding Traders is poised for growth and success in the competitive global trading landscape.
Pros:
- Competitive Profit Share: The 80% profit split incentivizes traders to maximize their performance.
- Broad Range of Instruments: Access to a diverse set of markets and assets.
- Structured Evaluation Process: Simplifies the pathway to funding with clearly defined steps.
- Adaptable Trading Platform: Offering MT5, catered to various trader preferences.
Cons:
- New Entrant: As a new entity, it may require time to fully establish its market position.
- Leverage Restrictions: Certain leverage limits may not align with all trader strategies.
Funding Traders sets a distinctive standard within the proprietary trading firm sector, promoting a balanced approach to trader evaluation and market access. With its commitment to enabling trader success through competitive profit sharing and flexible trading options, the firm is rapidly gaining recognition and trust within the global trading community, as evidenced by its high Trust Pilot rating.
2. OANDA Prop Trader
Overview:
OANDA Prop Trader is a leading prop trading firm established in Malta, known for offering a robust and innovative prop trading platform. With over 25 years of experience, OANDA launched its prop trading offering in 2024, providing traders with access to their own technology, reducing reliance on external broker partners. OANDA’s prop trading model stands out due to its unique Challenges, ranging from the $10k Challenge to the $500k Black Challenge, offering traders various levels of virtual funding to test and hone their skills. The firm’s proprietary platforms, regulatory compliance in eight jurisdictions, and strong market reputation make it a trusted choice for traders globally.
Location:
Malta
What Can You Trade:
OANDA Prop Trader offers a wide range of trading instruments including Forex, Commodities, Precious Metals, Indices, and Cryptocurrencies. Their proprietary platform ensures access to accurate pricing from their extensive market relationships and trading infrastructure, giving traders the opportunity to diversify their strategies across multiple asset classes.
Profit Share:
OANDA offers profit-sharing rates that range from 80% to 90%, depending on the Challenge tier. This competitive structure aligns the interests of both the firm and the traders, with the top-tier Titanium X Challenge offering up to a 90% profit split.
Highlights:
- Multiple Challenge Options: Choose between various challenges like the 10k Challenge, the popular $100k Gold Challenge, or the $500k Black Challenge.
- Fee Refund: Traders who pass the Challenge and achieve profitability will have their Challenge fee refunded with their first payout.
- Proprietary Technology: OANDA’s own trading platform, free from broker dependency, ensures secure and reliable trading conditions.
- Global Regulatory Compliance: With over 25 years of experience, OANDA is regulated in eight jurisdictions, providing a secure and reliable trading environment.
- Sustainable Trading Leader: OANDA is recognized for its contributions to sustainable trading and offers educational resources through OANDA Labs.
Summary:
OANDA Prop Trader combines its long-standing reputation with cutting-edge proprietary technology to offer an exceptional prop trading experience. With flexible Challenge tiers, profit-sharing opportunities of up to 90%, and access to a wide range of assets, OANDA ensures that both new and experienced traders can thrive. Their regulatory standing and reliable payout system add another layer of trust, making them an excellent choice for traders looking for a self-sufficient, well-regulated prop trading partner.
Pros:
- High Profit Share: Up to 90% profit split.
- Fee Refund: Traders get their Challenge fees refunded with their first payout.
- Secure and Regulated: OANDA is licensed in eight jurisdictions.
- Multiple Trading Challenges: Flexible challenge tiers for different trading levels.
Cons:
- High Fees for Top Tiers: The Black Challenge has a $2,400 fee.
- Phase-Based Challenges: Some traders may prefer a one-step evaluation model.
OANDA Prop Trader’s focus on proprietary technology, regulatory compliance, and a high-profit share makes it a top contender for traders looking for both reliability and profitability in the prop trading space.
3. Goat Funded Trader
Overview:
Goat Funded Trader is a rapidly growing proprietary trading firm that prides itself on offering traders fast and accessible funding opportunities. Established in Spain, Goat Funded Trader is designed to empower traders with up to $800,000 in simulated capital through its innovative challenge structure. Unlike many other firms, Goat Funded Trader features on-demand payouts, a no-time-limit approach, and progressive profit splits, allowing traders to maximize their earnings as they prove their trading skills. With in-house developed technology, including the Goat Funded Trader dashboard, traders enjoy a seamless experience, fast trade execution, and access to advanced analytics tools such as My Trading Journey (MTJ) for free with any challenge purchase.
Location:
Spain
What Can You Trade:
Traders at Goat Funded Trader can trade a wide range of assets, including Forex, Metals, Indices, Stocks, and Cryptocurrencies. The firm also allows Crypto CFD trading during weekends, giving traders more flexibility to capitalize on market movements at all times. Additionally, GFT offers raw spreads starting from 0.0 pips, along with fast trade execution for optimal trading performance.
Profit Share:
Goat Funded Trader offers up to a 95% profit split, one of the most competitive in the industry. The firm provides traders with progressive profit split increases as they demonstrate proficiency, with the first payout being available on-demand after just 3 trading days.
Highlights:
- On-Demand Payouts: Traders can request their first payout just 3 trading days after achieving 3% profit.
- No Time Limits: Traders can keep their accounts open indefinitely until they pass the challenge, with no time constraints.
- In-House Technology: Proprietary tech and a user-friendly dashboard for efficient trading management.
- Wide Range of Assets: Trade Forex, Metals, Indices, Stocks, and Crypto CFDs, even during weekends.
- Flexible Challenges: Various challenges like the $100k challenge with an 8% profit target and a maximum 10% drawdown.
Summary:
Goat Funded Trader has quickly established itself as one of the most flexible and trader-friendly prop trading firms in the industry. With features like on-demand payouts, a no-time-limit challenge model, and an industry-leading 95% profit split, it caters to both beginner and experienced traders. The firm’s in-house technology ensures fast execution and seamless account management, making Goat Funded Trader a top choice for those looking to scale up their trading capital while enjoying favorable trading conditions.
Pros:
- Up to 95% Profit Share: Rewards traders with one of the highest profit splits available.
- On-Demand Payouts: Get paid after just 3 trading days with a minimum of 3% profit.
- No Time Limits: Traders can keep their accounts until they pass the challenge.
- Competitive Challenges: Multiple challenge options with flexible account sizes and drawdown limits.
- In-House Technology: Developed for fast, efficient, and smooth trading experiences.
Cons:
- High Fees for Top Challenges: The $100k challenge comes with a $398 fee.
- Drawdown Limits: Traders must manage a maximum 10% drawdown during the challenges.
Goat Funded Trader offers a comprehensive and trader-centric prop trading experience. With an emphasis on trader success and a flexible challenge model, GFT stands out as an ideal choice for those looking to scale up their trading operations with generous profit-sharing opportunities.
4. Crypto Fund Trader
Overview:
Crypto Fund Trader, anchored in Spain and led by CEO Alan Sanchez, has carved out a niche in the prop trading sector with over a year’s expertise. The firm is unique for its dual-platform approach, offering its proprietary CFT Platform alongside MT5, catering specifically to US clients through the CFT Platform. With account sizes from $5,000 to $200,000, Crypto Fund Trader accommodates a broad array of traders, from novices to seasoned professionals. The firm’s evaluation process is flexible, offering both 1-step and 2-step options to suit different trading strategies, with profit targets of 10% for the 1-step evaluation and a tiered target of 8% for Phase 1 and 4% for Phase 2 in the 2-step evaluation. The maximum drawdown limits are thoughtfully set to encourage calculated risk-taking. With a leverage of 1:100 across all trading instruments and a wide selection of over 500 instruments, traders have vast opportunities at their fingertips. From cryptocurrencies and forex to indices, commodities, and stocks, the range is designed to meet diverse trading preferences.
Location:
Spain
What Can You Trade:
Traders at Crypto Fund Trader have access to an extensive portfolio of over 500 trading instruments across the CFT Platform and MetaTrader 5, ensuring ample opportunities for diversification and specialization. This includes:
- CFT Platform: 46 Cryptocurrencies, 45 Forex pairs, 38 Indices, 22 Commodities, and over 250 Stocks.
- MetaTrader 5: More than 100 Cryptocurrencies, 39 Forex pairs, 23 Indices, 18 Commodities, and 25 Stocks.
Profit Share:
Crypto Fund Trader emphasizes its commitment to its traders’ success through a generous profit-sharing arrangement, offering an 80% profit split.
Highlights:
- Flexible Evaluation Process: Tailored 1-step and 2-step evaluations cater to varying trader expertise and goals.
- Extensive Trading Instruments: A broad selection exceeding 500 instruments allows for comprehensive market engagement.
- Unified Leverage: 1:100 leverage across instruments amplifies potential returns.
- Adaptive Trading Platforms: The choice between CFT Platform and MT5 caters to a global trading audience.
Summary:
Crypto Fund Trader stands out in the proprietary trading landscape for its innovative platform choices, extensive trading instruments, and adaptive evaluation processes under the visionary leadership of CEO Alan Sanchez. Since its establishment in November 2022, the firm has shown a profound commitment to fostering trading talent and providing traders with the tools necessary for success in the global markets. With its base in Spain, Crypto Fund Trader is poised for continued growth and success, offering a dynamic and supportive environment for traders worldwide.
Pros:
- Diverse Trading Options: A vast array of instruments across major financial markets.
- Flexible Evaluation Criteria: Accommodates different trading styles with 1-step and 2-step evaluations.
- Competitive Leverage: Offers significant market exposure to maximize trading potential.
- Comprehensive Platform Accessibility: Provides options for traders worldwide with CFT Platform and MT5.
Cons:
- Relative Newcomer: With just over a year in the industry, the firm is still in its growth phase.
- Platform Specificity: US clients are limited to the CFT Platform, which might restrict their trading options compared to global traders.
Crypto Fund Trader is rapidly gaining traction as a prominent player in the prop trading field, distinguished by its unique platform offerings, vast instrument selection, and trader-centric policies. Its commitment to advancing trading careers through competitive conditions and a wide array of assets marks it as a notable firm for traders seeking to expand their market reach and profitability.
5. The 5%ers
Overview:
The 5%ers, led by CEO Saul Lokier, is a proprietary trading firm headquartered in Israel, boasting seven years of operational experience. Specializing in the financial markets, the firm offers its traders access to the MT5 platform in conjunction with commercial liquidity providers for optimal brokerage services. Catering to a wide audience, account sizes range from $5,000 to $250,000, supported by a unique evaluation system that includes 1 Step, 2 Step, and 3 Step processes. This system is designed to accommodate traders at different levels of their career with tailored profit targets for each step. Traders are presented with a broad array of instruments such as Forex, Metals, Indices, and more, with varied leverage options across different programs, emphasizing the firm’s adaptability to individual trading strategies.
Location:
Israel
Profit Share:
The 5%ers underscore their dedication to trader success through an attractive profit sharing scheme. The firm offers up to 100% profit split, depending on the program, rewarding traders for their performance and consistency. This high profit share percentage highlights The 5%ers’ commitment to its traders, ensuring they are adequately compensated for their efforts and success in the markets.
Highlights:
- Evaluation System: Offers 1 Step, 2 Step, and 3 Step processes, catering to traders’ diverse needs and experiences.
- Instruments Available: Traders have access to Forex, Metals, Indices, Crypto, and Commodities, supporting a wide range of trading preferences.
- Leverage Options: Varies across programs (High Stakes, Hyper Growth, Bootcamp) to suit different trading strategies.
- Commission Structure: Transparent ECN-Broker-Fees-Structure with competitive rates.
- Scaling Plan: Unique opportunity for account doubling at each milestone, with a path to manage up to $4 million.
Summary:
With a robust foundation of seven years in the proprietary trading industry, The 5%ers stand out for their comprehensive trader support system, from flexible evaluation processes and a wide range of trading instruments to an attractive profit share model and significant scaling opportunities. Based in Israel and led by an experienced leadership team, The 5%ers provide a platform for traders to excel, backed by competitive conditions and a clear focus on trader growth and profitability.
Pros:
- High Profit Share: Up to 80% profit split encourages maximal trader performance.
- Diverse Range of Instruments: Enables trading across various asset classes.
- Flexible Evaluation Process: Tailored to support traders at different stages of their trading journey.
- Competitive Commission Rates: Transparent and low commission structure enhances trading profits.
- Significant Scaling Opportunities: Offers a pathway to manage a portfolio up to $4 million.
Cons:
- Complex Evaluation System: Multiple steps might be daunting for newer traders.
- Variable Leverage Across Programs: Requires understanding different leverage impacts on trading strategies.
The 5%ers have carved a niche in the prop trading world by offering traders comprehensive support and substantial growth opportunities, emphasizing their commitment to the traders’ success with an attractive profit share scheme and significant scaling options.
What is a Prop Firm with Their Own Tech?
A proprietary trading firm with its own technology specializes in using proprietary capital for trading activities, while also developing and utilizing its own trading platforms and software. This unique combination allows firms to tailor their trading environment, strategies, and tools to their specific trading philosophy and goals.
By creating and controlling their technology stack, these firms offer a competitive edge in terms of execution speed, data analysis, and customization, making them attractive to traders who seek innovative and efficient trading solutions.
This approach requires a significant investment in technology development and maintenance but results in a highly specialized trading ecosystem that can adapt rapidly to market changes. These firms often attract top-tier talent, fostering a culture of innovation and continuous improvement in trading strategies and technological capabilities.
Advantages of Using Prop Firms with Their Own Tech
Innovative Trading Platforms: Proprietary trading firms with their own technology often develop innovative and user-friendly trading platforms. These platforms are designed with the specific needs of their traders in mind, offering unique tools, indicators, and features not found in off-the-shelf software.
Customized Trading Experience: With their own tech, these firms can provide a highly customized trading experience. Traders can benefit from personalized dashboards, analytics, and reporting tools tailored to their trading style and preferences.
Enhanced Security and Reliability: Prop firms that invest in their technology infrastructure can offer enhanced security and reliability. They directly control their software’s maintenance and updates, ensuring a secure and stable trading environment.
Rapid Execution: These firms can optimize their technology for rapid trade execution, a critical factor for success in fast-moving markets. Traders can take advantage of market opportunities with minimal latency.
Direct Support and Feedback Loop: Traders using a prop firm’s proprietary technology have the advantage of direct support and a feedback loop for improvements. This close relationship allows for quick resolution of technical issues and the possibility to request new features or tools.
Disadvantages of Using Prop Firms with Their Own Tech
Learning Curve: Custom-built platforms may come with a learning curve. Traders accustomed to widely-used platforms like MT4 or MT5 might need time to adapt to a new system.
Dependence on Firm’s Tech Stability: Traders depend on the firm’s ability to maintain and update its technology. Any technical failures or downtime can directly affect trading activities.
Limited Third-Party Integrations: Proprietary platforms might not support as many third-party tools or integrations as more common trading platforms, potentially limiting traders’ ability to use external resources or software they are familiar with.
Choosing a Prop Firm with Its Own Tech
When selecting a prop firm that leverages its proprietary technology, consider the following factors:
- Platform Features and Usability: Evaluate the trading platform’s features, usability, and whether it suits your trading style.
- Technology Stability and Support: Consider the firm’s reputation for technological stability and the level of technical support provided.
- Customization Options: Look for platforms that offer customization options that can enhance your trading strategies.
- Community and Feedback: A firm that actively engages with its trading community and incorporates trader feedback into its technology offers a dynamic environment for growth.
Proprietary trading firms, with their technology, offer distinct advantages and challenges. By carefully evaluating these aspects, traders can find a firm that provides innovative trading solutions and aligns with their individual trading needs and goals.
In Conclusion
The prop trading landscape is rich and varied, with each firm presenting a unique blend of technology, trading conditions, and growth opportunities. This diversity highlights the innovative approaches these firms are taking to empower traders and underscores the vibrant ecosystem that has developed around proprietary trading.
From advanced proprietary platforms to comprehensive evaluation processes and generous profit-sharing models, these firms are setting new standards in the industry. They offer a gateway for traders to access substantial capital and grow and scale in an environment that values skill, strategy, and discipline.
