A-Book prop firms route trades directly to real liquidity providers, giving traders true market execution and transparent pricing. These firms earn when traders profit, not when they lose,  aligning incentives for long-term growth. In this guide, we highlight the most transparent and A-Book-aligned prop firms of 2025, including Lux Trading Firm, Axis Funded, and others that follow verified or hybrid execution models.

TL;DR Top A-Book Prop Firms

Lux Trading Firm is the best verified A-Book prop firm in 2025, offering real-market execution, direct liquidity access, and institutional-style funding. Other A-Book-aligned firms include Axis Funded, BullRush, WeFund, and RealFunded. While Lux and Axis use verified A-Book brokerage connections, others follow hybrid or simulated funding models that claim STP or external execution.

What Is an A-Book Prop Firm?

An A-Book prop firm connects traders to the real market by routing orders through outside liquidity providers. These are usually banks, hedge funds, or ECNs that handle large trading volumes. This setup is often called STP or DMA execution.

When a firm uses an A-Book model, it does not take the opposite side of your trade. Instead, it earns money from commissions or spreads while your success directly benefits them. Because of this, A-Book trading is known for being more transparent and fair.

A B-Book prop firm works in a different way. It keeps trades inside its own system instead of sending them to the market. The firm can profit when traders lose because it acts as the counterparty to the trades. While this model can offer higher leverage and cheaper fees, it also creates a possible conflict of interest.

If you are not sure how these two models compare, you can check pur article: What’s the difference between A-Book and B-Book prop firms?

Why Choose an A-Book Prop Firm?

A-Book prop firms are becoming more popular among serious traders because of their fair and open trading style. Here are the main reasons many professionals prefer them:

1. Aligned interests: The firm earns money when you do. There is no reason for them to trade against you.
   
2. Real-market pricing: Orders go directly to live markets, giving you true spreads and execution based on supply and demand.
   
3. Transparent trading conditions: No hidden markups or price manipulation. Every trade reflects real market data.
   
4. Faster execution and fewer delays: Because trades go to real liquidity providers, you often get lower latency and more accurate fills.
   
5. Better for advanced strategies: Scalpers, swing traders, and algorithmic traders all benefit from a real-market environment where performance depends on skill, not luck.
   

A-Book prop firms give traders a professional setup similar to institutional trading. For anyone looking to build a real trading career, they can be a strong long-term choice.

Key Features to Look For in an A-Book Prop Firm

When choosing an A-Book prop firm, it is important to understand what separates a good one from the rest. Many firms claim to offer real market execution, but not all deliver it. Here are six key features that matter most when picking the right A-Book prop firm:

1. Real Market Execution (STP or DMA):
   Look for firms that clearly state they use Straight Through Processing (STP) or Direct Market Access (DMA). This means your trades are sent to real liquidity providers instead of being held inside the firm’s system. It ensures fair pricing, no dealing desk interference, and transparent execution.
   
2. Transparent Funding Structure:
   A reliable prop firm explains exactly how traders are funded and how profits are shared. You should know if your account uses real capital, what the profit split is, and whether evaluation fees are refundable. A transparent structure builds trust and helps you understand how the firm benefits when you succeed.
   
3. Fast, Reliable Payouts:
   Good A-Book prop firms have clear and consistent payout schedules. Many now offer daily or weekly withdrawals instead of waiting for monthly cycles. Reliable payouts show that the firm’s model is sustainable and that they value trader satisfaction.
   
4. Scaling Opportunities:
   A strong prop firm allows traders to grow their capital as they show consistent results. Some A-Book firms offer scaling plans that go from small funded accounts to large ones, even reaching millions in funding. This shows commitment to supporting traders long term.
   
5. Reasonable Risk Management:
   Real trading involves risk, so the best firms use fair and clear risk rules. Look for firms with logical drawdown limits, required stop-losses, and consistent risk-per-trade guidelines. These protect both the trader and the firm while promoting discipline.
   
6. Fair Trading Flexibility:
   The best A-Book firms do not restrict your trading style. They often allow scalping, news trading, and the use of Expert Advisors (EAs). Some even let you hold trades overnight or through weekends. This flexibility helps traders apply their own strategies without artificial limits.
   

When a firm includes all these features, it shows they focus on long-term growth, transparency, and real market exposure, the foundation of a genuine A-Book trading environment.

Best A-Book Prop Firms in 2025 (Ranked)

1. Lux Trading Firm – Real A-Book Execution and Career-Level Scaling

Lux Trading Firm stands out as the most professional A-Book prop firm in 2025. The firm confirms on its official website that all funded accounts operate on a true A-Book model, where every trade is routed directly to external liquidity providers through FX Edge. This means traders experience genuine market execution; no dealing-desk manipulation, no simulated fills, and no hidden conflicts of interest.

Lux provides real capital funding, an 80% profit split, and instant withdrawals with no fixed payout cycle. Traders can also scale their accounts up to $10 million, making it one of the largest and most transparent scaling paths in the industry.

Unlike short-term challenge firms, Lux focuses on developing professional traders. Every funded trader works under the guidance of a dedicated risk management desk, builds an audited performance track record, and can even become eligible for a salary-based role after consistent performance.

Why traders choose Lux Trading Firm

• Real A-Book execution with FX Edge liquidity
  
• 80% profit share with instant, on-demand payouts
  
• Static 6% drawdown for predictable risk control
  
• Scaling plan up to $10 million in live capital
  
• Professional risk desk and mentorship support for long-term growth
  

Learn more: You can read our full Lux Trading Firm Review for a complete breakdown of its rules, pricing, and trader benefits.

2. Axis Funded – Institutional Access and Fast Payouts

Axis Funded earns the second spot on our list for combining A-Book trading conditions with institutional-style funding and some of the fastest payouts in the industry. The firm’s website states that all trades are copied to live market accounts, giving traders access to real market liquidity instead of simulated trades.

Axis highlights A-Book trading, real liquidity, and 24-hour payout processing, showing its focus on transparency and trader success. Traders can choose between one-step, two-step, or instant funding programs, all of which include clear drawdown limits and flexible trading periods with no time pressure.

Payouts are one of Axis Funded’s strongest features. The firm processes same-day withdrawals, often completing crypto payouts in under one hour. Combined with up to a 90% profit split, this makes Axis attractive for traders who value fast results and dependable funding.

Why traders choose Axis Funded:

• Trades copied directly to live markets for real exposure
  
• Up to 90% profit share with flexible account options
  
• Payouts processed daily, often under one hour
  
• STP execution with institutional liquidity access
  
• Multiple funding paths, including instant programs
  

Axis Funded blends the structure of a professional prop environment with quick funding and transparency. For traders seeking institutional execution and speed, it stands out as one of the most balanced A-Book firms in 2025.

3. BullRush – A-Book-Aligned Prop Firm with Transparent Liquidity Model

BullRush, operated by BullRush Entertainment LLC in Nevada, combines a proprietary trading program with competitive trading tournaments under one platform. The company states that its prop trading accounts source prices and liquidity from multiple brokers and liquidity providers, ensuring real-market pricing and execution through third-party channels.

According to its terms, BullRush does not alter spreads, markups, or swaps, which indicates an A-Book-aligned structure. However, the company also clarifies that it does not directly provide live trading services, meaning that execution occurs through external partners under its liquidity aggregation model.

Traders who pass an assessment enter a Trader Agreement and may receive access to live funded accounts. The firm also enforces strict compliance and risk controls, prohibiting news-event trading within 30 seconds of major releases, arbitrage, group hedging, or the use of third-party passing tools.

BullRush at a glance:

• Operated by BullRush Entertainment LLC (USA)
  
• Aggregates liquidity from multiple brokers and providers
  
• Claims no markups or spread adjustments (A-Book aligned)
  
• Funded accounts after passing an evaluation
  
• Offers both prop trading and competition programs
  
• Strict trading rules and compliance oversight
  

BullRush’s approach blends A-Book-style liquidity access with a transparent challenge structure. While not a broker itself, the firm’s model appears to align with real-market execution through external liquidity providers, offering traders a mix of competition, skill validation, and funded opportunities.

4. WeFund – Simulated Funding Platform with A-Book Partner Program

WeFund operates under WeGroup Ventures FZCO, based in Dubai, United Arab Emirates. According to its official terms, all trading under the main 1-Step and 2-Step evaluations takes place in a simulated environment using fictitious funds, designed to test trading skill and consistency rather than execute real market trades.

WeFund does not act as a broker or manage live capital. However, the company runs a separate partnership program known as the 10X Trader Program, which connects selected traders to MarketsVox (SC) Ltd — a licensed securities dealer regulated by the Seychelles Financial Services Authority (license SD142). This 10X program operates under its own terms and provides real-market access, A-Book execution, and performance-based scaling opportunities.

Profit splits on the standard WeFund accounts can reach up to 100%, but these payouts are based on simulated performance. The 10X program, meanwhile, involves real market execution through its broker partner, with a potential 90/10 payout structure (90% to the trader, 10% performance fee to the introducer).

WeFund at a glance:

• Operated by WeGroup Ventures FZCO (UAE)
  
• 1-Step and 2-Step accounts use simulated trading only
  
• 10X Trader Program connects to real broker MarketsVox (SC) Ltd (Seychelles)
  
• Profit splits up to 100% on simulation, 90% under the 10X live model
  
• Serves as a bridge between evaluation and real-market trading
  

WeFund should be seen as a hybrid evaluation platform that combines traditional demo-based challenges with a pathway to live A-Book trading through an external licensed broker. Traders looking for genuine market execution will only experience that in the 10X Trader Program, not in the regular challenge phases.

5. RealFunded – Simulated Trading Model with Evaluation Challenges

RealFunded, operated by OTS Technologies CY Ltd in Cyprus, provides trading evaluations and funded challenges for retail traders. While the company describes its model as “real funded,” its terms and conditions clarify that all trading during the evaluation phase is simulated and does not involve live market execution or real capital risk.

According to its official documents, traders who pass the challenge may be offered a “Funded Trader Service Agreement,” but there is no statement confirming that these accounts use A-Book or STP routing. Instead, RealFunded states that it does not provide brokerage or investment services and does not accept client deposits.

The firm’s maximum allocation per trader is $100,000, with potential extensions at the company’s discretion. Trading is done on third-party platforms with simulated market data.

RealFunded at a glance:

• Operated by OTS Technologies CY Ltd, based in Cyprus
  
• Evaluation phase uses simulated trading only
  
• No public proof of A-Book or STP execution
  
• Maximum funded allocation: $100,000
  
• Offers challenge-based funding programs
  

RealFunded is best described as a traditional challenge-based prop firm rather than an A-Book firm. Its legal documents make clear that trading is simulated and not routed to live markets, so traders should treat it as an evaluation provider instead of a real-capital prop firm.

Best A-Book and A-Book-Aligned Prop Firms in 2025

Prop Firm	Execution Model	Funding Type	Profit Split	Regulation / Partner Broker	Payout Speed	Best For
Lux Trading Firm	✅ True A-Book (STP/DMA)	Real capital allocation	Up to 75 %	FCA-regulated broker partners (verified)	Monthly or on-demand	Serious traders who want real market execution
Axis Funded	✅ A-Book / DMA verified	Real brokerage accounts	Up to 90 %	EU-regulated liquidity providers	Fast (within 48 hrs)	Swing & institutional-style traders
BullRush	A-Book-aligned (aggregated liquidity)	Challenge → funded	75 %	Multiple brokers / LPs (undisclosed)	On-demand	Traders who value transparency + competition format
WeFund	Simulated / A-Book link via MarketsVox	1-Step & 2-Step challenges + 10X Trader Program	Up to 100 % (simulated) / 90 % live	MarketsVox (Seychelles FSA SD142)	Daily payouts (10X Program)	Traders aiming to scale to real broker access
RealFunded	Simulated (“STP” not confirmed)	Challenge evaluation	Up to 90 %	OTS Technologies CY Ltd (Cyprus)	Multiple daily payouts claimed	Newer traders exploring fast-payout models

Quick Takeaways

• 🥇 Lux Trading Firm stands out as the only fully verified A-Book prop firm with real brokerage execution and genuine capital exposure.
  
• Axis Funded follows a verified DMA route, making it the most transparent challenger.
  
• BullRush and WeFund both connect to liquidity providers but operate hybrid / simulation setups.
  
• RealFunded markets itself as STP, but its own legal terms confirm simulated trading only.

How We Chose These A-Book Prop Firms

To find the best A-Book and A-Book-aligned prop firms of 2025, we reviewed each company’s official terms, liquidity structure, and broker partnerships rather than relying on marketing claims. Our process included:

• Reading legal documents and terms of service to confirm whether trading occurs on real-market or simulated accounts.
  
• Checking partner broker licenses and regulation, including FCA, EU, and Seychelles FSA records.
  
• Verifying execution models (STP, DMA, or hybrid) based on how trades are routed.
  
• Assessing payout reliability and trader-first policies such as scaling, flexibility, and withdrawal speed.
  
• Comparing platform transparency, including disclosures about liquidity providers, leverage, and challenge rules.
  

We prioritize firms that demonstrate real-market execution, fair risk policies, and clear communication with traders. While some firms claim A-Book routing, only Lux Trading Firm and Axis Funded show verified evidence of real-capital trading models.

Final Thoughts: Choosing the Right A-Book Prop Firm

A-Book prop firms give traders a fair and transparent path to the markets by routing trades directly to liquidity providers instead of taking the other side. This model builds trust, removes conflict of interest, and mirrors how institutional trading desks operate.

If your goal is to trade real market capital under regulated conditions, Lux Trading Firm remains the top choice in 2025. Lux offers verified A-Book execution, true capital allocation, and a clear path for professional scaling.

For traders seeking similar transparency with a faster evaluation, Axis Funded provides direct-market access accounts with up to 90% profit splits and a flexible funding setup.

Other firms like BullRush, WeFund, and RealFunded offer hybrid or simulation-based programs that may suit traders focused on skill-building, competitions, or faster payouts.

In short:

• Choose Lux Trading Firm for verified real-capital trading.
  
• Try Axis Funded for DMA-style execution and fast growth options.
  
• Explore others for flexibility and practice.
  

A-Book trading is about long-term sustainability. The best prop firms are the ones that grow with their traders, not against them.

FAQ: A-Book Prop Firms Explained

What is an A-Book prop firm?

An A-Book prop firm sends your trades directly to the real market through external liquidity providers like banks or ECNs. This means the firm doesn’t trade against you — it earns from spreads or commissions instead of your losses.

How is an A-Book prop firm different from a B-Book firm?

A-Book firms route trades to the market, while B-Book firms keep trades internal and take the other side. With an A-Book model, the firm only wins when traders win. It’s more transparent and fair.

Are A-Book prop firms better for every trader?

A-Book firms are best for experienced traders who care about real execution, fair pricing, and long-term growth.

Do A-Book prop firms use real money?

Yes, real A-Book firms use actual capital and connect to live market liquidity. Some firms claim to be A-Book but operate simulated environments, so it’s smart to check their terms and broker partnerships.

Which A-Book prop firm is the most trusted in 2025?

Lux Trading Firm stands out in 2025 for verified real-market execution, broker transparency, and institutional funding. It remains the most trusted A-Book prop firm for professional traders.

Can I get daily payouts from an A-Book prop firm?

Some firms offer daily or fast payouts. True A-Book setups usually pay weekly or monthly to match how real brokerage accounts operate.

Can I use scalping or expert advisors (EAs) with an A-Book firm?

Most A-Book prop firms allow scalping, swing trading, and EAs since orders go straight to liquidity providers. Always check the firm’s rules first — some restrict grid bots or high-impact news trading.

Are A-Book prop firms regulated?

Prop firms themselves are not financial brokers, but A-Book firms partner with regulated brokers who hold licenses under FCA, CySEC, or FSA supervision. Always verify the broker license, not just the prop firm’s claim.

Can I lose my own money with an A-Book prop firm?

You don’t risk your own funds beyond the evaluation fee. Once you’re funded, you trade the firm’s capital. If you break rules or lose too much, the funded account is simply closed — no debt or loss to you.

How can I tell if a prop firm is truly A-Book?

Read the firm’s legal terms and look for keywords like STP, DMA, or liquidity provider. If the firm only mentions “simulated trading” or “virtual accounts,” it’s likely not A-Book.