Imagine this: your trading skills are sharp, your strategy is solid—but your limited capital is holding you back. What if you could trade with tens of thousands (or even millions) of pounds, without risking your own money?
That’s the beauty of proprietary trading firms, or “prop firms”. These firms fund skilled traders, offering access to advanced tools, mentorship, and capital—similar to what platforms like Humbled Trader provide.
But not all prop firms are created equal. From profit splits and evaluation processes to account scaling and platform support, there’s a lot to consider. In this guide, we’ll walk through the top prop firms of 2024 and how to choose the one that best suits your trading ambitions.
What Sets the Best Prop Firms Apart?
Generous Profit Sharing
Top-tier firms allow traders to keep the lion’s share of their earnings. For instance, FTMO offers a profit split of up to 90%, ensuring your efforts are properly rewarded.
Example: With a £100,000 account, a trader who earns £10,000 would keep £9,000 under FTMO’s 90% model.
Trader-Friendly Evaluation Process
Evaluation phases don’t have to be stressful. Some firms, like MyForexFunds, have designed their assessments to be realistic and beginner-friendly—often offering low-risk options to ease newcomers in.
Opportunities for Account Scaling
Growth potential is key. Firms such as The5ers offer account scaling based on trader performance, allowing capital to grow to £1.2 million or more. It’s an opportunity for sustainable career growth that most personal accounts can’t match.
Quick Comparison: Top Prop Firms (2024)
| Firm Name | Profit Split | Starting Capital | Evaluation Fees | Max Scaling |
|---|---|---|---|---|
| FTMO | Up to 90% | Up to £160,000 | £125–£490 | £320,000+ |
| MyForexFunds | Up to 85% | £8,000–£160,000 | £40–£780 | Unlimited |
| The5ers | Around 75% | £19,000–£160,000 | £70–£190 | £1.2M+ |
| Fidelcrest | Up to 90% | £20,000–£800,000 | £80–£720 | Unlimited |
| TopStepTrader | Up to 80% | £40,000–£120,000 | £135+ | £400,000+ |
Note: All values approximate and converted for UK context.
How to Choose the Right Prop Firm
Step 1: Understand Your Trading Style
Your strategy influences which firm suits you best.
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Scalpers should choose firms with minimal time restrictions.
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Swing traders will benefit from firms that offer extended evaluation periods and flexible drawdown rules.
Step 2: Compare Profit Splits and Fees
Look for firms that offer high profit retention without exorbitant upfront costs.
Pro Tip: Sometimes a higher evaluation fee is worth it if the firm offers larger scaling potential or long-term support.
Step 3: Check the Platforms on Offer
Ensure the firm supports trading platforms you’re comfortable with—MetaTrader 4/5, cTrader, or similar. A reliable and user-friendly platform is essential for executing your strategy efficiently.
Step 4: Dive into Trader Reviews
Before committing, read reviews on trusted sources like PropFirmTracker. Real feedback from traders can reveal insights about withdrawal times, customer service, and evaluation fairness.
Why Use Prop Firm Comparison Tools?
Sorting through dozens of firms can be overwhelming. Tools like FundingStats.io and PropFirmTracker allow you to:
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Filter firms by profit share, fees, evaluation difficulty, and funding types.
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Read verified trader reviews for honest insights.
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Discover up-and-coming firms before they become mainstream.
These tools save time and help you make confident, data-driven decisions.
FAQs: Common Questions About Prop Firms
What is a proprietary trading firm?
A prop firm provides traders with capital in exchange for a share of their profits. This setup allows traders to scale quickly without putting their own funds at risk.
Which prop firm is best for beginners?
MyForexFunds is ideal for beginners thanks to its affordable entry fees, manageable evaluations, and solid support structure.
How much can I earn with a prop firm?
Earnings vary based on performance. A trader managing a £100,000 account and achieving a 10% return could earn between £7,000 and £9,000 monthly, depending on the profit split.
Do any firms offer instant funding?
Yes. Fidelcrest, for example, offers instant funding options tailored to experienced traders ready to skip evaluations.
What’s the difference between demo and live accounts?
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Demo Accounts are practice environments using simulated money—great for building confidence and refining strategies.
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Live Accounts are funded by the firm and allow you to trade with real capital.
Conclusion: Take the Leap Towards a Funded Trading Future
Choosing the right proprietary trading firm could be the game-changer in your trading career. Whether you’re after financial freedom, access to larger capital, or just want to test your strategy in a professional environment, firms like FTMO, MyForexFunds, and The5ers provide a solid springboard.
Evaluate your style, compare key details, and start with a firm that aligns with your goals. With the right prop firm behind you, you’re not just participating in the markets—you’re levelling up your entire trading journey.
Now’s the time—take the leap and trade with the confidence of a funded pro.
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