Forex prop firms give traders access to funded capital without requiring personal deposits. Traders pass an evaluation, follow risk parameters, and keep a share of generated profits. The model appeals to beginners and professionals who want larger positions, lower risk, and structured discipline.
The market is crowded, but a few firms stand out for reliability, transparency, and payout consistency. Below is a clear breakdown of the best forex prop firms, including evaluations, profit splits, trading conditions, and platform options.
The list of the best prop firms for forex trading is the following:
- OneFunded
- FTMO
- FundedNext
- The5ers
- The Funded Trader
1. OneFunded – Best Overall Forex Prop Firm
OneFunded leads the industry with a modern structure designed for traders who want flexibility and clear rules. Its unlimited trading period, fast payouts, and crypto-friendly funding make it suitable for both new and advanced traders.
The firm offers forex, indices, commodities, crypto, and synthetic assets with tight spreads and no hidden restrictions. Traders can choose between a simple evaluation or more flexible challenge flows depending on their style. OneFunded stands out for fast customer support, transparent rules, and a dashboard that tracks performance in real time.
Key Advantages
- Unlimited trading period
- Fast payouts
- Refundable challenge fee on first payout
- Trader-first, transparent rules, and clear account conditions
- Tight spreads and strong execution
- High profit share up to 90%
Trading Rules
Understanding the trading rules and restrictions is essential before joining OneFunded, as the firm places a strong emphasis on responsible risk management and consistency. These rules are designed to protect both traders and the firm while maintaining a fair and transparent trading environment.
Evaluation Rules
OneFunded offers two funding models: the 1-Step Challenge and the 2-Step Challenge.
In the 1-Step Challenge, traders must reach a profit target of 10% without exceeding a daily drawdown limit of 4% or a maximum total drawdown of 8%.
In the 2-Step Challenge, the first phase typically requires an 8% profit target, followed by 5% in the second phase, under the same risk parameters.
There are no minimum or maximum trading day requirements, giving traders full flexibility to complete the challenge at their own pace. Violating the daily or overall drawdown limits results in immediate disqualification, but traders may always retake the challenge if desired.
Once funded, traders maintain the same drawdown limits, ensuring consistent risk management. Profit splits can reach up to 90%, with payouts available as early as 14 days after the first funded trade.
Trading Rules
Across all account types, OneFunded enforces standardized rules to maintain discipline and fairness:
- Leverage: Up to 1:100, depending on the instrument.
- Minimum trade size: 0.01 lots.
- No time limits for reaching profit targets.
- Weekly and bi-weekly payout options.
- Refund of the challenge fee after the first successful payout.
The firm uses advanced monitoring tools to ensure compliance with these parameters while allowing traders to operate freely within fair limits.
Allowed strategies:
- Swing trading
- News trading
- Expert Advisors (EAs), provided they operate within normal trading parameters
Quick Comparison Table (OneFunded)
| Feature | Details |
| Evaluation Model | 1-step & 2-step |
| Challenge Fees | $23– $395 |
| Profit Split | Up to 90% |
| Account Sizes | $2,000 – $100,000 |
| Platforms | TradeLocker, cTrader |
| Payouts | Weekly, Bi-Weekly |
| Refund Fee | Yes |
| Assets | Stocks, Indices, Crypto, Forex, Commodities, Metal |
2. FTMO
FTMO is the most recognized name among forex prop traders. It built a strong reputation for consistency, strict rule enforcement, and high-quality execution. FTMO challenges are more rigid than newer firms, but many traders appreciate the structure.
Its Forex offering is deep, spreads are competitive, and the platform options include MT4, MT5, and cTrader, depending on region. FTMO continues to be a top choice for traders who want a long-established brand.
Key Advantages
- Industry-leading reputation
- Execution on MT4/MT5/cTrader
- Strong educational resources and analytics
- Advanced trader performance tools
- Professional risk parameters
Trading Rules
News Trading: Allowed: Swing accounts (Both funded and evaluation phase), Non-swing accounts ( Evaluation phase only)
Weekend Trades: Holding trades over the weekend and over a market rollover period longer than 2 hours is prohibited for funded traders (Non-swing accounts). Standard Market hours are available on trading platforms.
Capital Allocation Limit: FTMO Traders; 400k max capital per strategy per person. Accounts with identical trading strategies exceeding $400,000 allocated capital may be suspended. Prime Status; 600k. Supreme Prime Status; 1Million
Third-Party Trading: Your account must not be traded by any third party.
Position Sizes: Opening significantly larger position sizes or substantially different numbers of positions compared to other trades is prohibited.
Forbidden Trading Practices: Provider reserves the right to determine at its discretion if certain trades, practices, strategies, or situations are considered forbidden trading practices: https://ftmo.com/en/gambling-is-not-the-right-way-to-make-money/
Multiple Profile Accounts: Opening multiple profile accounts is prohibited.
Copy Trading: Allowed, copying other traders is strictly prohibited, you are the only one managing your accounts, and you respect the 400,000 simulated USD maximum capital allocation rule.
EAs: Third-party EAs are strictly prohibited
Minimum trading days: 4 days
Inactivity rule: (You must open at least one trade every 30 days to prevent account termination due to inactivity. Alternatively, you can request to freeze your account for 7 days to 6 months to avoid termination.)
Quick Comparison Table (FTMO)
| Feature | Details |
| Evaluation Model | 2-step |
| Profit Split | Up to 90% |
| Max Capital | Up to $400,000 |
| Platforms | MT4, MT5, cTrader, DXTrade |
| Payouts | Reliable |
| Assets | Forex, Metals, Indices, Energy, Crypto, Stocks |
3. FundedNext
FundedNext offers one of the more flexible evaluations, including traditional 2-step and express options. The company established its presence with strong marketing, quick payouts, and a global audience.
Forex spreads are competitive, and the firm attracts traders who want higher profit splits and faster access to funding. It’s a solid option for traders who want aggressive scaling plans.
Key Advantages
- Attractive and competitive profit split for traders
- Daily drawdown calculated based on balance or equity
- No minimum trading day requirement
- Access to popular platforms
- Three different funding models to suit various trading styles
Evaluation Rules
FundedNext’s minimum trading day requirements vary depending on the type of challenge:
- Stellar Lite and Stellar 2-Step Challenges: Minimum of 5 trading days.
- Stellar 1-Step Challenge: Minimum of 2 trading days.
- Stellar Instant: No minimum trading days.
Once a trader moves to a FundedNext account, there is no minimum trading day requirement for any challenge type.
Trading Rules
The trading rules from the evaluation stage continue once a trader becomes funded. FundedNext also requires traders to complete Benchmark Days before requesting payouts. A Benchmark Day is one where a minimum closed profit is reached:
- $25K accounts: $100
- $50K and $100K accounts: $200
At least five Benchmark Days are needed to qualify for withdrawals, which can be requested every five days. While profits from other days still count toward payouts, they cannot unlock withdrawals on their own.
FundedNext-funded traders keep 100% of their Performance Reward, and there are no ongoing account maintenance fees.
Consistency Rule: FundedNext does not impose a consistency rule, giving traders more flexibility in their trading approach.
Copy Trading: Copy trading is allowed only between FundedNext challenge accounts and must not exceed a total capital of $300K. It is strictly prohibited on funded accounts and cannot involve other firms or personal accounts. Only VPS-based copiers are allowed, and cloud-based third-party copier services (e.g., Social Trader Tools, Traders Connect, Duplikum) are not permitted.
Expert Advisors (EAs): EAs are allowed but only on MetaTrader 4 and MetaTrader 5. They must be customized to match your trading style, and identical trades across accounts are not allowed. Switching between manual trading and EAs is also prohibited.
Trading Style: Traders must use the same method and asset classes during the challenge and funded stages. Sudden increases in risk, changes in trading strategy, or switching asset classes after passing the challenge are not allowed.
News Trading: Traders using Stellar Instant, Stellar, and Stellar Lite accounts are allowed to trade during high-impact news events. However, trades executed within 5 minutes before or after a news event are subject to a 40% news profit split rule.
Inactivity: To keep the account active, traders must log in or place at least one trade within 35 consecutive days.
Quick Comparison Table (FundedNext)
| Feature | Details |
| Evaluation Model | 1-step & 2-step |
| Profit Split | Up to 90% |
| Account Sizes | $6,000 – $100,000 |
| Platforms | MT4, MT5 |
| Challenge Fees | $119 – $15,000 |
| Payouts | Timely |
| Assets | Metal, Commodities, Forex, Indices, Energy, Crypto |
4. The5ers
The 5%ers is a globally recognized proprietary trading firm that funds skilled traders and helps them grow through a structured, transparent, and performance-based model. Founded in 2016 and headquartered in Israel, The 5%ers has built a strong reputation as one of the most established and trusted names in the prop trading industry.
The firm offers several funding programs designed to suit different trading styles and levels of experience, including the Bootcamp, High Stakes, and Hyper Growth programs. Each model provides traders with the opportunity to prove their consistency under realistic risk parameters and, once successful, to trade real capital accounts.
Evaluation Rules
The 5%ers offers multiple funding paths, each with its own evaluation structure:
- Bootcamp Program: Designed for developing traders. Participants complete a 3-step evaluation process with realistic profit targets and risk limits. Once all stages are passed, traders receive a live funded account.
- High Stakes Program: Ideal for experienced traders seeking higher capital and faster scaling. This model offers an initial funded account from day one, with specific profit targets to achieve before scaling up.
- Hyper Growth Program: A faster-paced model that rewards traders who hit profit milestones with larger capital allocations and higher profit shares.
Each program includes clearly defined profit targets, daily drawdown limits, and maximum loss rules, ensuring traders remain within professional risk boundaries. Violating any of these conditions results in a failed phase or account termination, depending on the program.
Unlike many other firms, The 5%ers sets no time limits for traders to complete their targets, allowing them to trade at their own pace and adapt their strategies to different market conditions.
Trading Rules
Across all programs, The 5%ers enforces consistent parameters to ensure fairness and control:
- Leverage: Up to 1:30 on Forex and most assets.
- Profit Split: Between 50% and 100%, depending on the program.
- Daily and Maximum Drawdown: Strict limits vary per program but typically range between 4%–5% daily and 8%–10% maximum overall loss.
- Account Scaling: Funded accounts can grow up to $4 million through steady performance.
- Minimum Trading Days: None required; traders have complete freedom over pace and frequency.
- Consistency Rule: Traders must demonstrate consistent trade sizes and risk management over time.
These guidelines ensure that traders maintain stable growth and professional discipline while protecting both the trader and the firm’s capital.
Quick Comparison Table (The5ers)
| Feature | Details |
| Evaluation Model | 1-step, 2-step, 3-step |
| Profit Split | Up to 90% |
| Challenge Fees | $39– $545 |
| Account Sizes | $5,000 – $100,000 |
| Platforms | MetaTrader 5 (MT5), Match Trader |
| Payouts | 14 days for every account type (bi weekly). |
| Assets | Commodities, Indices, Forex, Metal, Crypto |
5. The Funded Trader
The Funded Trader markets itself as a flexible, trader-centric prop firm with a wide range of account types. The firm has built a recognizable brand with themed challenges and engaging community formats. Forex execution is strong, and traders get a wide asset selection.
Some rules vary depending on challenge type, so traders need to review parameters carefully.
Trading Rules
The Funded Trader (The Funded Trader LLC) is a Texas-based prop firm that offers Knight, Knight Pro, Royal, Royal Pro, Classic, and Dragon challenges.
These accounts are available on 4 trading platforms, including Match Trader, DX Trade, cTrader, and MT5, with various account sizes ranging from $5k to $200k.
The use of automated trading tools is highly regulated and varies by challenge type. Unless a trader opts for an automation add-on (where available), the use of EAs, Match-Trader bots, cBots (on cTrader), or trade copiers is not allowed. Key distinctions include:
- Standard Challenge: Optional add-on enables EAs, bots, and trade copying. Without the add-on, all forms of automation are banned;
- Rapid Challenge: Fully manual trading only. No add-ons for automation permitted;
- Royal, Knight, Dragon, and Classic Challenges: Automation is allowed, but systems must be disabled once the account becomes inactive;
- Royal Pro & Knight Pro Challenges: Automated tools must be turned off post-activity.
If automated systems remain active after an account becomes idle, the system will lock access by changing the password.
Quick Comparison Table (The Funded Trader)
| Feature | Details |
| Evaluation Model | Multiple challenge types |
| Profit Split | Up to 90% |
| Account sizes | $5000 to $200000 |
| Challenge fees | From $42 to $1,100 |
| Platforms | cTrader, MatchTrader, MT5 |
| Assets | Forex, Indices, Commodities, Crypto |
Conclusion
The forex prop trading industry continues to evolve, but a few firms consistently deliver value through transparent rules, reliable payouts, and strong asset selection. Among them, OneFunded stands out as the best overall option, combining modern trading tools with flexible challenges and a trader-friendly model.
Each firm on this list has strengths depending on trader style, risk preference, and preferred platform. Traders should evaluate rules, trading periods, and payout structures when choosing the firm that aligns with their goals.
Pallavi Singal is the Vice President of Content at ztudium, where she leads innovative content strategies and oversees the development of high-impact editorial initiatives. With a strong background in digital media and a passion for storytelling, Pallavi plays a pivotal role in scaling the content operations for ztudium’s platforms, including Businessabc, Citiesabc, and IntelligentHQ, Wisdomia.ai, MStores, and many others. Her expertise spans content creation, SEO, and digital marketing, driving engagement and growth across multiple channels. Pallavi’s work is characterised by a keen insight into emerging trends in business, technologies like AI, blockchain, metaverse and others, and society, making her a trusted voice in the industry.
