There are factors to consider when ranking and selecting trusted prop trading firms in forex. Notably, the most legitimate prop trading firms offer a variety of funding opportunities to global traders. With so many prop trading companies available globally, choosing a trustworthy firm may require a strategic approach and additional efforts. If you’re planning to be a funded trader, carefully review trading platforms, educational support, and the funding process to find top-ranked prop firms for your career.
>> With no commission challenge accounts, competitive profit splits, and fast weekly payouts – Funding Traders is ranked among the biggest prop trading firms in the world. Start trading forex in a competitive environment and get paid bigger with up to 100% profit split.
Read on to learn about various prop firm ranking factors to start trading forex with a trusted company.
Industry Reputation
Industry reputation is a common factor that influences prop firm rankings. Ideally, you should prioritize reputed prop firms that honor the promised profit-sharing model – processing payouts on time. While ranking prop trading companies, you can also go through online reviews from previous trader’s to evaluate the firm’s payout policies and trading policies.
>> With 1500+ client reviews and a 4.5-star rating on Trustpilot, Funding Traders continues to maintain its reputation as one of the highest-paying prop trading firms in the industry.
Additionally, reach out to the firm’s customer support manually to decide whether you receive a positive response. Ultimately, this initial research will help select a reliable, trusted, and legitimate stocks prop firm. Indeed, the rankings of prop firms heavily depend on the overall industry reputation.
Funded Account Fees
In addition, funded account fees also impact the rankings of proprietary trading firms. Typically, prop firms may charge a variety of trading fees in return for capital, trading platforms, and ongoing subscriptions. Some prop firms require clients to pay a monthly subscription between $100 and $500+ to continue trading on a funded account. To reduce your trading costs, select top-ranked prop firms with a one-time evaluation fee.
>> As one of the cheapest prop firms, Funding Traders only required one-time refundable evaluation fee from clients. With no hidden charges, you can receive a funded account and trading at a minimum of $50 initial fees.
- Beginner – $5,000 | $50
- Mini – $10,000 | $100
- Starter – $25,000 | $200
- Basic – $50,000 | $300
- Advanced – $100,000 | $550
- Superior – $200,000 | $1,100
To select a trusted partner, you should also prioritize prop firms with a fair, transparent, and affordable fee structure. Avoid companies with hidden ongoing maintenance charges to protect yourself from unfavorable conditions. Definitely, select the best-ranked prop firms with a transparent fee structure for funded accounts.
Funding Evaluation Rules
Consider funding evaluation rules as a prop firm ranking factor to select a trusted company. Typically, prop firms employ various funding rules to test your risk management, profitability, and consistency to maintain real capital. Before signing up for a challenge account, carefully study all prop firm trading rules to avoid an unfair environment. If you’re an expert, select prop firms that offer the flexibility to employ various strategies – including scalping, EAs/bots, and swing trading.
At Funding Traders, you can take advantage of a comprehensive evaluation period with transparent rules to secure a funded account:
- Profit Target (1-Step): 10%
- Daily Drawdown (1-Step): 4%
- Maximum Drawdown (1-Step): 5%
- Profit Target (2-Step – Phase 1): 10%
- Profit Target (2-Step – Phase 2): 5%
- Daily Drawdown (2-Step): 5%
>> To support global traders, FT also supports multiple trading styles and strateiges – without any strict restrictions.
Additionally, consider the best-ranked firms with no-minimum trading day requirements to prove your skills and risk management without any time restrictions. You can join prop firms that allow algo trading to utilize automated systems and trade at your own pace to pass funding evaluations. Indeed, prop firms with transparent evaluation rules are ranked higher as trusted funding companies.
Support For Financial Instruments
Review supported financial instruments to rank and select the best-trusted prop trading firms. While some companies require traders to focus on a single asset, others support a variety of trading instruments as well. If you’re a multi-instrument trader, select prop firms with support for stocks, forex, cryptocurrencies, and futures.
>> As a prop firm with high leverage, Funding Traders provides multi-instrument support to accommodate serious traders globally. In addition to forex pairs, you also have the flexibility to trade:
- Cryptocurrencies
- Indices
- Metals
>> Of course, carefully review supported leverage, contract size, and spreads for each instrument to control your positions in the live market.
With this multi-instrument support from crypto prop firms, you can diversify your opportunities and earn profits in different financial markets. Indeed, supported financial assets directly impact prop firm rankings, trustworthiness, and legitimacy.
Profit Sharing Arrangements
Finally, prop firms with top rankings support competitive profit-sharing arrangements. To select a trusted prop trading company, prioritize a competitive profit-sharing model to receive the maximum ROI from your funded account. With these rewarding splits, you can make consistent profits and get rewarded for all the work.
As a top-ranked prop firm, Funding Traders offers the highest profit percentage to reward consistent, skilled, and disciplined traders.
>> By default, you are eligible for an 80% profit share – with unique arrangements to get paid with 100% of the earned profits.
Indeed, review profit-sharing models to select top-ranked, trusted, and industry-leading prop firms.
There are several prop firm ranking factors that help you select a trusted company. First, evaluate a company’s historical records to understand the industry’s reputation and transparency in maintaining fair practices. Then, review funded account fees to select the cheapest prop firms providing the most competitive conditions for all traders.
Of course, review unique rules required to complete prop funding evaluation to avoid any scams. If you’re a multi-instrument trader, you should also analyze the supported trading assets to earn profits from multiple financial markets. Finally, review the firm’s profit-sharing model to start trading with a legitimate company. Follow the points above to learn more about the best factors to select and rank top-rated prop firms for yourself
