Find 5 best forex prop trading firms of 2021 below!
With so many new forex prop firms coming into the industry and funding traders all around the world, it’s becoming increasingly harder to choose which firm to get your funded accounts from. When choosing your funded account there are so many factors to think about, from your trading system to drawdown, to leverage, to trading requirements and general reputation of the prop firm.
Forex Prop Reviews compiled a very simple but in-depth comparison of the worlds leading forex funding options.
FTMO is the worlds leading prop firm and has really taken the industry by storm over the last few months with the famous $200,000 account challenge. FTMO has the best reputation in the industry, great support for traders, an 80%-90% profit share, simple trading rules, and funding up to $400,000 for top traders with a potential to scale up to $2,000,000 in balance! I have personally been using FTMO since 2018 and I have nothing but positive things to say about the firm.
My Forex Funds
My Forex Funds is a new prop firm founded in 2020, offering traders up to $50,000 in instant funding with no challenge needed! If you fancy taking on a performance challenge, you can obtain up to $200,000 of initial funding and a profit split of up to 85% with no maximum daily drawdown limit! They have an account type for beginner traders, experienced traders, and professional traders, making sure every type of forex trader is catered for!
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E8 Funding has developed a user-friendly experience with essential information every trader needs, as well as the industry’s best technology to back it. They hope to provide their traders with the best funding experience with their innovative ideas. Their challenge consists of two stages on account sizes ranging from $25,000 up to $250,000. Another option to get funded is their $100,000 ELEV8 account, which has the same two-stage evaluation challenge but can be scaled up to a maximum balance of $1,000,000. However, note that despite being one of the newest prop trading firms in the industry, they are quickly becoming one of the best on the market!
BONUS: -10% DISCOUNT CODE: REB8
Funded Trading Plus
Funded Trading Plus is one of the fastest-growing prop firms in the industry. This is not surprising when you see the range of programs they offer. They provide simple rules, offer up to a 90% profit split, and have competitive pricing. The entry-level program starts from $12,500 and you can trade up to $2,500,000. FT+ offers forex, indices, commodities, and the largest crypto offering available.
BONUS: -7% DISCOUNT CODE: FOREXPROPREVIEWS
True Forex Funds
True Forex Funds is another fast-growing proprietary trading firm, with a goal of targeting motivated but undercapitalized traders, who are ready to get up to $400,000 in funding, after completing their 2-phase evaluation process. Upon successfully passing their challenge, they will cover all your losses!
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