Best 10 Prop Trading Firms of July 2024: Check them Out!

Howdy, everyone! Great to have your company, as always. This time, we’re going to dive into ranking some of the industry-leading prop trading firms; specifically, we’ll highlight the top 10 prop firms for July 2024.

These rankings are based on our personal experiences with these companies. You might have a different perspective, and that’s okay. We will provide an overview of some standout prop firms and take a quick look at some of the offerings for traders.

Best 10 Prop Trading Firms of July 2024!

Let’s get started:

10. Funded Trading Plus

Coming in at the 10th position for this month is Funded Trading Plus, a notable and very well-established proprietary trading firm. They are nearing their 3-year anniversary. They offer a diverse array of funding programs tailored to various trading needs and preferences. These programs include two-step evaluations, a one-step evaluation, and a direct funding option, with account sizes ranging from $5,000 to $200,000 USD. Each program also includes a scaling option, providing traders with more growth opportunities.

Funded Trading Plus collaborates with ThinkMarkets as their broker, ensuring a reliable and robust trading environment. Their traders can choose from a variety of trading platforms, including MatchTrader, DxTrade, and CTrader, each offering unique tools and features to enhance the trading experience.

9. FunderPro

Next is FunderPro, an outstanding prop trading firm since its inception in February 2023. They offer a variety of funding programs designed to meet the diverse needs of traders. This includes two two-step evaluations and one one-step evaluation, with account sizes ranging from $5,000 up to $200,000. Each program also includes a scaling option.

FunderPro collaborates with a tier-one liquidity provider as its broker, and traders can utilize TradeLocker as its trading platform, enhancing their experience with advanced tools and features. 

8. Alpha Capital Group

Coming in next is Alpha Capital Group, a well-established prop trading firm facilitating trader funding since November 2021. Based in London, UK, and led by CEO George, Alpha Capital Group has become a significant presence in the prop trading industry. They offer a unified funding program with a two-step evaluation, account sizes ranging from $5,000 to $200,000, and additional scaling options.

They utilize their own brokerage, ACG Markets, providing a streamlined and integrated trading experience. Traders can access a variety of robust trading platforms, including MetaTrader 5, CTrader, and DXTrade.

7. TopTier Trader

TopTier Trader, established in October 2021 and based in Florida, USA, is our seventh pick. They exemplify strong management and a strategic vision. They offer a single funding program with a two-step evaluation featuring account sizes ranging from $5,000 to $300,000. Each account comes with scaling options, various add-on features, and plenty of flexibility.

TopTier Trader partners with ThinkMarkets as their broker, and traders use the TradeLocker platform, which includes a suite of advanced tools and features. 

6. FTMO

Next on our list is FTMO, a renowned proprietary trading firm that has been facilitating trader funding since September 2015. Based in Prague, Czech Republic, FTMO is a formidable presence in the industry. They offer a unified funding program with a two-step evaluation process, account sizes ranging from $10,000 to $200,000, and additional scaling options.

FTMO partners with a tier-one liquidity provider for brokerage services, offering a comprehensive suite of trading platforms, including MT4, MT5, cTrader, and DXTrade. 

5. E8 Markets

E8 Markets, founded in November 2021, is based in Dallas, Texas. They offer a diverse array of funding programs, including two-step evaluations, three-step evaluations, one-step evaluations, and customizable options. Account sizes range from $5,000 to $400,000, with additional scaling potential.

E8 Markets collaborates with a tier-one liquidity provider and Virtual Markets, allowing traders to choose between MatchTrader and MetaTrader 5.

4. FXIFY

Ranking fourth is FXIFY, founded in May 2023. Based in London, UK, FXIFY offers a diverse array of funding programs, including two-step, three-step, and one-step evaluations, with account sizes ranging from $10,000 to $400,000 and additional scaling potential. They offer MT4 and MT5 trading platforms. 

3. Funding Pips

Coming in third is Funding Pips, which officially launched in August 2022. Operating globally from the United Arab Emirates, they offer a diverse array of funding programs, including two-step, one-step, and three-step evaluations. Account sizes range from $5,000 to $100,000, with additional scaling opportunities.

Funding Pips partners with a tier-one liquidity provider and offers trading platforms such as cTrader, MatchTrader, and TradeLocker. 

2. The5ers

The5ers, established in April 2020, is based in Israel and London, UK. They offer a range of funding programs including two-step, three-step, and direct funding programs, with account sizes ranging from $5,000 to $250,000.

The5ers leverage a tier-one liquidity provider and use MetaTrader 5 as their preferred trading platform.

1. FundedNext

Emerging as the top-rated proprietary trading firm for July is FundedNext, established in March 2022. Based in Dubai, UAE, and Bangladesh, FundedNext offers a variety of funding programs, including three different two-step and three different one-step evaluations. Account sizes range from $5,000 to $200,000, each with additional scaling options.

That concludes our July ranking of the top 10 proprietary trading firms. We’ve based this ranking on our firsthand experiences with these companies and their recent activities in the industry. For more details about these firms, watch the full video:

If any of the highlighted firms pique your interest, we encourage you to check out our in-depth reviews available on our website.