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Best Forex Prop Firms 2025

Dive into our toplist of regulated and trusted prop firms that we tested with real money.

Find below the strengths of the best forex prop firms available, updated for 2025:

Funding Pips – Top-tier spreads with instant funding and up to 100x leverage. Strong value for scalpers and swing traders.
FTMO – Industry leader with 100x leverage, wide asset selection, and competitive spreads. Excellent reputation and funding conditions.
E8 Markets – Over 60 currency pairs, low commissions, and scalable funding. Great for experienced and active traders.
FundedNext – High leverage up to 100x, instant funding options, and ultra-low spreads. Fast-growing and trader-friendly.
The 5%ers – Tight spreads and strong risk management. Ideal for conservative or long-term traders.
Alpha Capital Group – 100x leverage and one of the lowest commission models. Solid all-around choice.
FXIFY – Offers the highest number of currency pairs and low commissions. Balanced structure for flexible trading.
City Traders Premium – Excellent spread quality and funded options. Built for disciplined, rule-based traders.
Seacrest Funded – Low spreads with solid leverage and easy access. Great for intermediate traders seeking growth.
Instant Funding – Instant access with 100x leverage. Lean currency pair list, but fast funding setup.

Overview of the winners

The interactive table below highlights and compares the top 10 best forex prop firms. Selected through our in-depth prop firm forex-specific process, this comparison includes critical metrics such as currency pairs, FX commission per lot, partnered brokers, years in operation, and any history of regulatory or legal issues. Whether you’re a scalper or swing trader, this table helps you find the best prop firm to match your trading style and goals.

Best forex prop firms and their key features for 2025

Broker Comparison Table

Prop Firm
Funding Pips
FTMO
E8 Markets
FundedNext
The 5%ers
Alpha Capital Group
FXIFY
City Traders Premium
Seacrest Funded
Instant Funding

Data included in this table for each prop firm: the exact FX commission per lot, the firm’s partnered broker, the total number of currency pairs available for trading, the number of years the firm has been in operation, and whether the firm has been involved in any scandals.

Popularity of the best forex prop firms

Interested how many people visit the top forex prop firms each month? See their last months traffic stats below.

Spreads at the top forex prop firms

Spreads are a critical cost to consider when choosing the best prop trading firm — but they’re just one piece of the puzzle. A prop firm offering slightly higher spreads may still be the smarter choice if it provides faster funding, better platform stability, or superior trading conditions.
Use the interactive comparison table below to evaluate spreads at top prop firms, based on real trading data from live or broker-connected accounts. You’ll find spread insights on major forex pairs like EURUSD, GBPUSD, and AUDUSD. When comparing prop firm spreads, be sure to weigh them against factors like funding models, supported brokers, and overall trader experience to find the best funded account for your needs.

Forex spread comparison at the top prop firms for 2025

Isolated Broker Table

Prop Firm
Funding Pips
FTMO
E8 Markets
FundedNext
The 5%ers
Instant Funding
Seacrest Funded
City Traders Premium
Alpha Capital Group
FXIFY

Data in this table shows the typical spreads for each currency pair, collected from each prop firm around the same time during usual trading hours. PS.: Spreads are dynamic and it is always changing.

Leverage at the top forex prop firms

Leverage plays a major role in your trading strategy — and choosing the best prop firm often starts with understanding how much buying power each firm offers. While high leverage can amplify your profits, it also increases risk. That’s why traders should compare leverage options alongside other key factors like funding models, risk rules, and platform reliability.

Use the interactive leverage comparison table below to explore the maximum leverage offered by leading proprietary trading firms across popular program types, including 1-Step, 2-Step, 3-Step, and Instant Funding. Whether you’re looking for 100x leverage or more conservative options, this table helps you evaluate which funded account best matches your trading style, capital needs, and risk tolerance.

Forex leverage comparison at the top prop firms for 2025

Leverage Comparison

Prop Firm
FTMO
E8
FundedNext
Funding Pips
The 5%ers
Instant Funding
Seacrest Funded
City Traders Premium
ACG
FXIFY

The data in this table reflects the typical leverage offered by each prop firm for various program types, based on publicly available information and platform disclosures.

How to choose the best forex prop firms

There’s no one-size-fits-all solution when it comes to the best forex prop firm. Even the highest-rated firm on our list might not be the ideal match for every trader. Why? Because your goals, risk appetite, and trading style play a major role in what makes a prop firm “the best” for you.

Whether you’re new to funded trading or a seasoned professional, it’s important to compare multiple options and assess several key factors before joining a proprietary trading program.

Here are the most important things to consider when choosing a forex prop firm:

Funding Model: Prop firms typically offer 1-Step, 2-Step, 3-Step, or Instant Funding programs. Each comes with different challenge rules, evaluation stages, and time limits. Choose a model that suits your trading rhythm and psychological comfort.
Leverage and Risk Rules: High leverage might sound attractive, but stricter drawdown limits or daily loss caps can quickly eat into your margin for error. Look for a firm that offers flexible risk parameters aligned with your strategy.
Profit Split and Payout Terms: Understand how much of your profit you’ll keep and how often you can withdraw it. Some firms offer up to 90% profit splits, but payout frequency and conditions (like minimum trading days) also matter.
Platform Access and Broker Choice: Check if the firm supports your preferred trading platform (e.g., MetaTrader 4, MetaTrader 5, cTrader) and if you’re allowed to choose your own broker or are limited to their in-house solution.
Scaling Plans and Long-Term Potential: If you’re aiming for a career in prop trading, consider firms that offer scaling opportunities, allowing you to manage larger capital over time.
Community Trust and Transparency: Look for verified trader reviews, active communities, and transparent rules. Beware of firms that frequently change conditions without notice or offer unrealistic promises.
Costs and Fees: Evaluation fees vary widely, and some firms charge for add-ons like extensions or retry options. Make sure you know exactly what you’re paying for — and what happens if you fail the challenge.

Choosing the right forex prop firm can accelerate your trading journey — or hold it back. Do your research, compare the details, and start with a firm that gives you the best balance between opportunity and control.

How did Prop Firm Trading select the best forex prop firms?

To ensure the firms featured on our top list are truly worth your time and capital, we evaluated each one using strict criteria based on what matters most to active traders:

Verified Regulation or Company Transparency: We only included prop firms that publicly disclose their legal entity, terms, and operational model. While most aren’t regulated like brokers, we looked for firms with strong reputations and clear accountability.
Compared Evaluation Fees and Trading Costs: We analyzed the total cost of getting funded — including challenge fees, retry costs, and any hidden charges. Special focus was placed on spread fairness, commissions, and platform execution.
Reviewed Funding Program Types and Flexibility: We compared available programs (1-Step, 2-Step, 3-Step, Instant) and scored firms based on how trader-friendly their rules are — from drawdown limits to minimum trading days and maximum time limits.
Assessed Broker Access and Platform Support: We checked whether each firm allows real broker access or simulates trading through internal servers, and whether they support trusted platforms like MetaTrader, cTrader, or TradingView.
Tested the Experience Firsthand: We opened accounts, took evaluations, and interacted with support teams to assess the overall trader experience — from dashboard usability and payout reliability to customer service responsiveness.

This hands-on approach helps us recommend only those prop trading firms that offer transparent terms, fair challenges, and real value for traders pursuing funded accounts.

FAQ

Is a prop firm a good choice for beginner traders?

Proprietary trading firms can be appealing for beginners because they offer the chance to trade with a large amount of capital without risking personal funds beyond an upfront fee. However, they also come with strict rules, such as drawdown limits, minimum trading days, and profit targets, which can be challenging for inexperienced traders.

If you're new to trading, it's important to build a solid foundation first. Practice on a demo account, learn about risk management, and consider starting with a firm that offers a flexible evaluation model or educational support. Some firms even offer beginner-friendly programs with lower entry fees and lenient rules.

What does a prop trading firm do?

A prop trading firm, or proprietary trading firm, provides traders with access to capital to trade financial markets — such as forex, indices, commodities, or crypto — in exchange for a share of the profits. You don’t deposit money into a live account like with a broker; instead, you usually complete a challenge to prove your skills.

If you meet the firm’s criteria (like profit targets and risk limits), you receive a funded account. The firm keeps a percentage of your profits (often 10–30%) and covers your losses, within predefined limits.

How much money do I need to start with a prop firm?

Most prop firms require an evaluation fee to begin — typically between $50 and $500, depending on the account size and funding model. This isn’t a deposit; it’s a one-time fee to enter the challenge.

You don’t need to risk your own trading capital, but you should be financially prepared to potentially pay for retakes or multiple attempts. Start with an amount you're comfortable spending on the learning process, and always compare pricing across firms.

Can I trade without passing a challenge?

Yes — some prop firms offer Instant Funding programs that don’t require you to pass an evaluation. However, these programs often come with higher upfront costs, stricter risk rules, or lower initial capital.

Most traders start with a 2-Step or 1-Step challenge, as these offer a better balance between cost and earning potential. Regardless of the path, you'll still need to meet performance and risk criteria to keep the account active and receive payouts.

Which are the best prop trading firms in 2025?

Based on funding options, pricing, trust, and trader feedback, some of the top-rated prop firms this year include:

FTMO – Trusted brand with structured 2-step evaluations and generous scaling plan
E8 Markets – Fast setup, strong dashboards, and competitive fees
FundedNext – 4 account types, instant payouts, and trader-friendly rules
The 5%ers – Real broker access and long-term low-risk model
Instant Funding – Ideal for those who want to skip challenges
City Traders Premium – Education-focused, with funded programs tailored to skill development
Alpha Capital Group (ACG) – Clean UI, high leverage, and strong prop community support
FXIFY – Competitive pricing and modern platform options

Make sure to review each firm’s terms, platform support, and payout reputation before applying.

Top Forex Prop Firms

Discounts for the best forex prop firms

Looking to save on your next evaluation? Here are the best promo codes and active discounts available right now:

FTMO – 10% Off
Earn premium status with our link. One of the most trusted names in prop trading.
FundedNext – 120% Refund
Apply code PROPFT to receive 120% refund of all programs and an additional 15% profit split from the start.
E8 Markets – 5% Discount
Use promo code PFT15 for 5% off any E8 Markets challenge, including 1-step evaluations.
The 5%ers – 10% Off
Use our link to save 10% on any funded program, including low-risk instant models.
FXIFY – 20% Off
Enter NEW at checkout for 20% off all FXIFY challenges. Includes both evaluation and instant funding.
Alpha Capital Group – 15% Discount
Use code PFT-15 to get 15% off your ACG evaluation. Applies to both regular and instant funding accounts.
City Traders Premium – Exclusive 20% Off
Use our link to get 20% off any City Traders Premium package. Educational support included.
Funding Pips – 5% Off
Enter 95de3880 at checkout for 5% off all FXIFY challenges. Includes both evaluation and instant funding.
Instant Funding – 10% Discount
Use code PFT10 to get 10% off your ACG evaluation. Applies to both regular and instant funding accounts.
Seacrest Funded – Exclusive 10% Off
Apply code propfirmtrading for 10% off.