Whether you don’t have time to trade, or you just want to be free and let your EA do the job for you, prop firms that allow EAs trading are a good solution for you.
Of course that you can do it with your own account, but trading capital from a proprietary trading firm may be much less risky and stressful.
In this article, you’ll learn what are the top best trading prop firms where you can use EAs, algos, or bots, and you’ll be able to compare them to choose the best one for your personal situation.
Let’s start with the list of the 3 best proprietary trading firms where you can automate your trading.
REVIEW
FTMO is a Forex prop firm, located in Prague, Czech Republic. It was founded in 2014. Read the full FTMO review
FEATURES
Instruments: Forex, Indices, Metals, Commodities, Stocks, Crypto.
Max balance: $2,000,000
Profit split: up to 90%
Cost: from €155
Platforms: MetaTrader4, MetaTrader5, cTrader, and Dxtrade
REVIEW
Funded Trading Plus is a Forex prop firm, located in London, UK. It was founded in 2021. Read the full Funded Trading Plus review
FEATURES
Instruments: Forex, Indices, Metals, Commodities, Crypto.
Max balance: $2,500,000
Profit split: up to 100%
Cost: from $119
Platforms: cTrader, TradingView, MatchTrader, DXtrade
REVIEW
Topstep is a Futures prop firm, located in Chicago, Illinois, USA. It was founded in 2010. Read the full Topstep review
FEATURES
Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.
Max balance: $150,000
Profit split: 90%
Cost: from $165/month
Platforms: TSTrader, NinjaTrader, Quantower, TradingView, Sierra Chart, T4, Jigsaw Daytradr, Multicharts, R|Trader Pro, VolFix, Trade Navigator, ATAS OrderFlow Trading, MotiveWave, Bookmap, Investor/RT
These prop firms are not at the top 3, but are also interesting, and generally not really far away from the previous ones in terms of quality and services provided.
Prop Firm | Type | Profit Split | Cost | Max Balance | Rating | Review | Visit |
---|---|---|---|---|---|---|---|
| Forex | 80% | from $149 | $5,760,000 | 4.8 | Read review | |
| Forex | up to 90% | from $250 | $1,000,000 | 4.8 | Read review | |
| Forex | up to 90% | from $32 | $4,000,000 | 4.8 | Read review | |
| Forex, Futures | up to 80% | from €99 | $5,000,000 | 4.8 | Read review | |
| Forex | up to 100% | from $39 | $2,000,000 | 4.8 | Read review | |
| Forex | up to 85% | from $129 | $2,000,000 | 4.7 | Read review | |
| Forex | 80% | from $71 | $400,000 | 4.7 | Read review | |
| Futures | 80% | from $150/month | $400,000 | 4.7 | Read review | |
| Futures | up to 80% | from $89/month | $200,000 | 4.7 | Read review | |
| Futures | 90% | from $115/month | $250,000 | 4.7 | Read review | |
| Forex | up to 90% | from $65 | $2,000,000 | 4.6 | Read review | |
| Futures | up to 90% | from $26/month | $300,000 | 4.6 | Read review | |
| Forex | 80% | from €89 | $400,000 | 4.6 | Read review | |
| Futures | 90% | from $165/month | $250,000 | 4.6 | Read review | |
| up to 90% | from $89 | $1,000,000 | 4.5 | Read review | ||
| Forex | up to 80% | from $55 | $3,000,000 | 4.4 | Read review | |
| Forex | up to 90% | from $129 | $1,500,000 | 4.3 | Read review | |
| Forex | up to 90% | from $129 | $200,000 | 4.2 | Read review | |
| Stocks | up to 80% | from $97 | $260,000 | 4.1 | Read review | |
| Forex | 75% | from £299 | $10,000,000 | 4.1 | Read review | |
| Futures | 80% | from $80/month | $300,000 | 4.0 | Read review |
If you are undecided between two or more prop trading firms to put your EAs trading, you can use our prop firm comparison tool. Just choose the firms that you want to compare and immediately check the results with a detailed comparison.
The prop firms that appear here were rated based on different factors, which include:
It depends on the type of prop firm that you are using.
If you are using a Forex prop firm, typically, you can put your EA trading on any CFD product.
The instruments available in the vast majority of the forex proprietary trading firms are:
If you are trading using a Futures prop firm, you can let your algo trade on CME Futures Assets. That includes CME, CBOT, NYMEX, and COMEX.
The instruments available in the vast majority of the futures proprietary trading firms are:
The maximum prop firm’s funded accounts can go up to $10,000,000. That’s a lot of money to make your EA shine.
These balances are only achieved after scaling though, after you get your initial account balance and keep trading without breaching any rule from the prop firm.
These high balances can be misleading, it’s worth paying attention to the leverage provided by the Forex prop firm. Some provide high balances but very small leverage, which makes their accounts equivalent, in terms of buying power, to smaller accounts from prop firms that provide higher leverage.
In any case, just make sure that your EA is running with proper risk management, and trading with safe lot sizes.
For instant funded accounts, the profit split is not big, usually around 50%.
For funded accounts after a challenge, the payout is between 80% and 90%. This means that the Forex proprietary firm only keeps 10% to 20% of the profits that you made.
Besides that, it’s also normal that the trader gets 100% of the first profits which is usually equivalent to the fee that you paid to pass the challenge in the case of a Forex prop firm, or a substantial value between $5,000 to $10,000 in the case of a Futures prop firm.
Most of these prop firms give you access to the market using CFDs. This means that you typically can use the most popular Forex trading platforms to run your EA:
In the case of a futures prop firm, you can put your algo running on with Ninjatrader, Rithmic, Bookmap, Agena Trader, Motive Wave, Photon, Collective2, InsideEdge Trader, Optimus Flow, ScalpTool, Medved Trader, Quantower, Trade Navigator, Overcharts, Sierra Chart, Volfix, TigerTrade, MultiCharts, QScalp, QST, TSLAB, and more.
Yes, prop trading firms are legit and exist as real companies.
If you read the individual review for each prop firm you’ll find more details about the company and how to contact them.
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