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Best 10 prop trading firms of October 2023!
Without any further ado, let’s take a look at our ranking of October’s 10 best proprietary trading firms.
MyFundedFX
Alright, first on our list isMyFundedFX. Now, this is a company that’s been facilitating trader funding since June 20122. They’re situated in Texas, USA, andMyFundedFXoffers a trio of distinctive funding programs to its community. These include a single-phase evaluation and two two-step evaluation programs featuring account sizes ranging from $55,000 to $300,000 and an additional scaling option.
SurgeTrader
Alright, ranking in at the ninth spot isSurgeTrader, a prop trading firm established in September of 2021. So, just celebrated the 2-year anniversary. Headquartered in Florida, USA. Now,SurgeTraderoffers traders a choice between two distinct funding programs. We have a one-step evaluation and a two-step evaluation. It is worth noting that account scaling on one-step evaluation accounts is possible for all account sizes except the top tier, which is the $1 million program. The account scaling for the two-step evaluation accounts is also possible for all sizes except the top tier, which is the $500,000 program.
The Funded Trader
Next up isThe Funded Trader, operating since May 2021 under the capable leadership of Angelo. This USA-based proprietary trading firm is based out of Texas. They offer traders a range of funding programs. They have three two-step evaluations and a one-step evaluation. So, you can choose between standard, rapid, royal, and Knight challenges, with account sizes varying from $5,000 up to $400,000 and the option to scale their funded accounts as well.
True Forex Funds
Coming next isTrue Forex Funds, a prop trading firm in operation since October 2021. So, 2-year anniversary. Notably, they are among the prop trading firms based in Europe, specifically out of Hungary.True Forex Fundsextends a one-step evaluation program and a two-step evaluation program to their traders globally, presenting four account options. They have standard, quick funding, limitless funding, and one evaluation. It is worth noting that account sizes vary from $10,000 to $200,000, and you have the flexibility to choose funding in USD, euros, or Great British pound currencies, which is a feature that not a lot of prop firms have. Moreover, once qualified, traders have the option to scale their funded accounts.
The 5%ers
Coming in next isThe 5%ers, which is a prop trading firm that’s been facilitating trader funding since April 2020. They’re based out of London in the UK, and they offer three distinct funding programs to their community: a two-phase evaluation, a three-phase evaluation, and an instant funding program. So, they’ve got account sizes ranging from $5,000 up to $250,000, with an additional scaling option.
FTMO
Next is the industry veteranFTMOpioneering the field. They started operating in September 2015 as one of the earliest prop trading firms and a true innovator in the industry operating out of the Czech Republic well in Prague precisely. They’re an industry standard two-step evaluation program for their Traders. They offer it worldwide, offering two account types you have: normal and aggressive. Now, the normal type allows for account sizes up to $200,000, while the aggressive type accommodates evaluation accounts up to $100,000, with an additional scaling option available for both types.
Fidelcrest
Next up on our list, one of the more established prop trading firms within the space as well isFidelcrest. They started back in 2018. They’re based out of Cyprus, and they’re offering a two-step evaluation program with two distinct account types. Traders have the flexibility to choose from normal evaluation account sizes ranging from $115,000 up to a cool million or a seven-figure amount, or you can opt for the aggressive evaluation account with sizes spanning from $155,000 to $500,000.
FundedNext
Moving on to our final few prop firms, coming in next isFundedNext, a prop trading firm that was established not that long ago, in March 2022. They’re based out of UAE and Bangladesh, and this expansive reach allowsFundedNextto cater to traders all around the globe. So, they extend a diverse range of funding programs, giving traders a choice between two one-step evaluations and they have two two-step evaluations, with account sizes ranging from $6,000 up to $200,000. All these programs include a scaling plan.
Funding Pips
Moving on to our penultimate prop trading firm,Funding Pips, undeniably an industry powerhouse. They’ve really been a prominent company within the industry since their inception in August 2022. They’re based in Dubai, UAE, and they stand as a formidable prop trading firm in the industry. Now, they extend a two-step funding program with five distinct account sizes, ranging from $5,000 to $100,000. Remarkably, they also provide a scaling plan, enabling traders to further scale their capital, extending up to $2 million.
E8 Funding
And finally, claiming our last but certainly not least spot as arguably the highest-rated prop trading firm for October and of recent times isE8 Funding. Established back in November 2021, they stand as a formidable US-based prop trading firm based out of Dallas, Texas. So,E8 Fundingoffers traders a choice between two distinct funding programs: they’ve got the E8 Evaluation and the E8 Track, with account sizes extending up to $250,000. All these programs come with a scaling plan as well, enabling traders to further amplify their capital.
Also, there is more to it. So, why don’t you watch the video:
Well, that concludes our list of the top 10 prop trading firms for October 2023. Now, these rankings are a result of our firsthand experiences with these companies. If any of the featured firms have sparked your interest, we do encourage you to search through our in-depth reviews available.
Also, take a Look at theDiscount Codes!
