How We Test

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Our goal is to help you find the right Proprietary Trading Firm for your needs.

Everything you find on Forex Prop Reviews is based on reliable data and unbiased information. We are proud to share with you how our 30+ years of experience in finance, combined with readers’ feedback, create the foundation of your Forex Prop Reviews experience.

We revise our methodology every time, fine-tuning all our criteria to be able to perfectly evaluate any broker service.

We check close to 500 criteria

We evaluate the same 9 key areas and criteria for all Proprietary Trading Firms.

Every year, we fine-tune our methodology based on our own and our users’ experiences. At the moment, we check 473 criteria for each company altogether, as detailed in the following table:

*Covers information like the country of origin, which is not included in the scoring.

During the course of 2020, we added new reviews to Forex Prop Reviews while also keeping our older ones up to date. This means that we edited more than 70 companies and 25,000 data points.

In addition to the above criteria, we also have a database that collects which countries each company accepts clients from. We capture this data for 227 countries and territories.

We also started to experiment with automation and scraping, adding thousands of new data points to our ever-expanding methodology.

We check companies anonymously with a live account

Everything in our reviews is based on first-hand experience: we open a live account at each firm and deposit real money. The company does not know we are testing. During the test, we give a note of what we experience in our methodology based on our criteria. 

Final scores based on our expertise and readers’ preferences

After we checked the criteria for the company, we convert the findings into scores, using different weights.

The weighting of these criteria is based on our professional experience and our readers’ preferences, to make sure that the final score truly reflects what clients are looking for or what areas matter to them.

At the end of each year, we update the scoring weights. In the table below, you can see how the ranking of weights changed for 2021, which areas moved up or down in importance.

The review and the overall scores are sometimes discussed with companies. We correct factual mistakes based on a discussion with the given firm but we always have the final word on opinions. The review is then updated regularly to keep up with the latest changes.
One last note: all the firms you come across on Forex Prop Reviews are monitored by at least one top-tier financial regulator, therefore they are definitely not scams. We also prefer reviewing companies that are listed on a stock exchange or have a banking background. 

Let’s talk about 9 areas we have

1. Fees

For all Proprietary Trading Firms, we check the legal history of the company, their reviews, their customer support their programs, scaling plans and much more. We also check their prices.

2. Security

This is about mapping the company’ legal landscape, making sure who regulates which entity, the investor/trader protection you get, what history and background the firm has.

This is vital for the security of your investment, therefore this area is weighted properly.

3. Deposit and withdrawal

For the Proprietary Trading Firms, we apply for the account, pass the evaluation stages, and withdraw the profit that we make in order to get a real customer experience.

4. Account opening

We dedicate the time to open real accounts at firms. There are times, where the list of required documents can be unclear for an everyday user. Apart from this, we compile information on several aspects of account opening, like the ease of the process itself, what account types are offered and the minimum deposits required.

5. Trading platforms

Your trading comfort is significantly affected depending on what type of platform you use. It can be a platform dedicated to PC-s (this is what we call desktop platforms), a mobile platform, or a browser-based web platform. 

Each trading platform is tested by us, focusing on general user experience, as well as on specific features like placing orders, authentication options and customizability.

6. Product portfolio

Companies are scored based on the number of markets they have available for you and the product selection they provide.

A company that has more product types will get a higher score than a broker that only offers CFDs for example.

7. Research

Higher costs can be justified by a range of in-depth, unique and useful research tools. These allow you to get information on market sentiments, trends, tickers and companies.

We look at all of the research tools the companies provide.

8. Customer service

Each support method is tested personally by Forex Prop Reviews team members. The customer service scores of each firm are based on 8 meaningful interactions with their support service, trying all their methods be it live chat, email or phone.

9. Education

Well-structured and quality educational content can help you to be more comfortable with the companies’ platform, or trading itself. 

Companies with useful, information-packed education tools earn higher ratings. These tools include webinars, videos, podcasts, articles – you name it.

We are eager to hear your feedback! Let us know if you have questions or remarks about our methodology. Just send us an email to info@forexpropreviews.com Thanks!

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Best Proprietary Trading Firms
4.5 rating
My Forex Funds began in 2020, intending to find professional traders. They started by offering only their rapid account type, which gained immediate success after its release.
5.0 rating
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.
4.0 rating
True Forex Funds requires traders to pass their 2-Phase Evaluation Program to get access to their company’s capital. You need to put your skills to the test and demonstrate that you can achieve your Profit Targets. Since they are looking to invest only in disciplined traders, they set a few simple Trading Objectives that should be met.
4.3 rating
CTI has extensive expertise over an accumulated four decades. It is providing its traders to trade multiple assets and experience providing them with robust solutions. The firm has a goal for its clients, which is a path towards financial freedom.
4.5 rating
The5%ers Funding Traders & Growth Program launched in 2016, aiming to provide full-time traders with higher capital than ordinarily available to them. They are passionate and dedicated to this profession. The5%ers are an officially registered UK company based in London and their headquarters are located at the address 14 Haroshet st, Raanana, Israel.