The 8 Most Trusted Prop Trading Firms Funding Guide

The prop trading world has exploded with more than 100 active firms. These companies back traders like us with funding from $5,000 to $500,000. Take GFunded as an example - they provide accounts ranging from $10,000 to $200,000. Their scaling plans can help traders reach the $1 million mark based on performance.

Serious traders must find trustworthy prop trading firms. The best ones give you great profit splits - some reaching 85%. They also provide flexible trading terms, quick payouts, and clear policies. Many companies promise these benefits but fail to deliver, so you need a full picture before deciding.

We've already done the research extensively. Our team analyzed more than 400 prop trading firms and gathered real feedback from thousands of traders. The results? We found the 8 most trusted prop trading firms in 2024. This detailed comparison will show you which firm matches your trading approach, capital requirements, and growth goals perfectly.

GFunded

GFunded stands as one of the world's leading prop firms. Their community has grown to include over 400,000 funded traders since 2021. The retail prop firm has paid out more than $10M and earned an impressive 4.8/5 Trustpilot rating that shows how satisfied their traders are.

Overview of GFunded

The company runs a simple model that gives traders simulated accounts ranging from $10,000 to $400,000. Traders can show their skills without putting their own money at risk and build strong trading habits in a controlled setting.

GFunded Evaluation Model

Traders can choose from several paths to funding:

• A 1-Step evaluation that needs a 10% profit target, with 4% daily loss limit and 6% maximum drawdown
• A 2-Step evaluation offering more flexible risk limits
• Instant Funding designed for seasoned traders who want to start right away

GFunded Profit Split and Scaling

The firm keeps an 80% profit split consistent for all account sizes. Their scaling system lets accounts grow from $400K to $4M based on how well traders perform.

GFunded Payout Process

Traders can get their first payout about 7 days after receiving a funded account. After that, payouts happen every 14 days. GFunded Some plan add-ons let active traders withdraw money more often.

GFunded Pricing and Entry Cost

The one-time fees start at $95 and go up to $925, depending on account size. Successful traders can get 100% of their fees refunded.

Who GFunded is Best For

The GFunded platform works best for traders who show discipline and consistency, backed by solid risk management skills. While the firm operates from the US, they don't accept traders from the United States or Canada.

FundingPips

FundingPips, a 2022-old prop firm headquartered in Dubai, has soared to become one of the world's leading prop firms. The company serves 1.3 million traders from more than 195 countries. Their innovative funding approach and flexible evaluation options make them stand out.

Overview of FundingPips

The company gives traders funded accounts up to $100,000 with room to grow to $2 million. Their 4.5/5 Trustpilot rating from over 39,000 reviews shows their strong position in the prop trading world. Their "Zero Payout Denial Policy" gives traders confidence and sets them apart from competitors.

FundingPips Evaluation Model

Traders can choose from several paths to funding that fit different trading styles and experience levels:

• Two-Step Standard: Most traders pick this option. You need to hit an 8% profit target in Phase 1 and 5% in Phase 2. The daily drawdown limit is 5% with a 10% maximum drawdown. You get 1:100 leverage and must trade for at least 3 days per phase.
• Two-Step Pro: This budget-friendly option starts at $29 for a $5,000 account. Both phases have 6% profit targets but tighter risk rules - 3% daily loss and 6% maximum drawdown.
• One-Step Challenge: One phase with a 10% profit target, 4% daily loss limit, and 6% maximum drawdown.
• Zero (Instant Funding): Start trading funded accounts right away without evaluation. Stricter rules apply with 5% trailing drawdown and 3% daily loss limits.

Traders can take their time to complete challenges since there are no time limits.

FundingPips Profit Split and Scaling

The profit split depends on how often you want payouts:

• Tuesday payouts: 60% profit split
• Bi-weekly: 80% profit split
• Monthly: 100% profit split
• On-demand: 90% profit split (with 35% consistency rule)

Their four-level scaling plan rewards steady performance. After 4 successful payouts and 10% profit, you get a 20% boost in capital. The next levels need 8, 12, and 16 successful payouts with 20%, 30%, and 40% profit. Elite Trader status ("Hot Seat") comes with 100% profit split, on-demand payouts, and up to $2 million in funding.

FundingPips Payout Process

The company revolutionized payouts with their "Tuesday Pay Day" system. You can get your money every Tuesday, and processing takes 1-3 business days. This beats the usual 14-30 day wait at other firms. Your master account's start date determines the payout schedule, ranging from same-day to 4 trading days. You can withdraw once you hit 1% of your starting balance.

FundingPips Pricing and Entry Cost

Here's what you'll pay for different programs:

The 2-Step Pro has the lowest fees, making it perfect for traders watching their budget.

Who FundingPips is Best For

Swing traders who hold positions for several days and avoid news events will find FundingPips ideal. The platform works best if you:

• Like static drawdowns more than trailing ones
• Want different ways to get evaluated
• Have a tight budget (starting at just $29)
• Trade on MT5, cTrader, or Match-Trader platforms
• Focus on keeping your capital safe rather than aggressive trading

High-frequency traders, news traders, and those using arbitrage strategies might want to look elsewhere.

FTMO

FTMO, an 8-year-old prop trading firm, has become a game-changer among top trading companies. The firm supports over 3.5 million traders across 140+ countries. They have given out more than $500 million in rewards worldwide, which solidifies their position in the proprietary trading industry.

Overview of FTMO

FTMO gives traders simulated capital up to $200,000 as a modern prop trading firm. The company stands out with its trader-first approach. They provide detailed educational resources and analytical tools that help traders improve their skills. A 4.8/5 Trustpilot rating shows their steadfast dedication to trader satisfaction and quality service.

FTMO Evaluation Model

FTMO uses a two-phase evaluation process to find profitable and disciplined traders:

• FTMO Challenge: The original assessment needs traders to hit a 10% profit target while following risk rules (5% maximum daily loss and 10% maximum overall loss). Traders need at least 4 trading days, but they can take as long as they need to reach the target.
• Verification: Traders who clear the Challenge move to this second phase. Here, the profit target drops to 5% with the same risk limits. This phase helps verify the trader's consistency and risk management skills.

Traders get an FTMO Account with simulated funds for trading after clearing both phases.

FTMO Profit Split and Scaling

FTMO starts by giving traders 80% of their generated profits. Their Scaling Plan lets high-performing traders boost their profit split to 90%.

Traders must meet these goals over 4 months to qualify for scaling:

• Get at least 10% total net profit
• Process 2 or more rewards
• Keep a positive account balance

The scaling plan grows the account balance by 25% every 4 months until it reaches $2 million. A $400,000 account would grow to $500,000 after 4 months, with matching increases in risk parameters.