5 min read · Jul 5, 2023
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As there has been growing interest in Brokers, Introducing Brokers, and Traders looking for FTMO alike challenges, this article will discuss some of the top prop trading firms that offer similar programs. The list is based on a number of factors, including total fund size, Google rating, and licensing status. The prop firms on this list offer a variety of benefits to traders, including access to large amounts of capital, training and education, and the opportunity to trade alongside experienced professionals.
Here are some of the factors that were considered when compiling this list:
Total fund size: The total amount of capital that a prop firm has available to trade is a major factor in its success. Larger prop firms are able to offer more opportunities to traders and can also absorb losses more easily.
Google rating: The Google rating of a prop firm is a good indication of its overall popularity and reputation. A high Google rating suggests that the firm is well-respected by its users.
Licensing status: All prop firms must be licensed to operate in the jurisdictions where they do business. A prop firm with a valid license is more likely to be trustworthy and reliable.
FunderPro: FunderPro is the most popular alternative to FTMO. It has a similar two-step challenge process, but the requirements are slightly more lenient. For example, the FunderPro Challenge requires a 10% profit target in 30 days, while the FTMO Challenge requires a 12% profit target.
Topstep: Topstep is another well-respected prop firm that offers funded trading accounts. The Topstep Trading Combine is similar to the FTMO Challenge, but it has a shorter duration of 8 days. The Topstep Verification process is also more challenging, requiring a 15% profit target in 60 days.
MyForexFunds: MyForexFunds is a good option for traders who are looking for a more affordable funded trading account. The MyForexFunds Challenge has a lower profit target of 8% in 30 days, and the verification process is also less challenging. However, the MyForexFunds accounts are smaller than the accounts offered by FTMO or FunderPro.
SurgeTrader: SurgeTrader is a newer prop firm that offers a more flexible challenge process. Traders can choose to start with a smaller account and then scale up as they achieve success. SurgeTrader also offers a wider range of trading instruments than some of the other prop firms on this list.
The Trading Pit: The Trading Pit is a prop firm that is specifically designed for traders who are new to funded trading. The Trading Pit offers a two-step challenge process, but the requirements are more lenient than some of the other prop firms on this list. This makes it a good option for traders who are looking to get their feet wet in the world of funded trading.
The 5%ers: The 5%ers is a prop firm that is known for its high profit targets. The 5%ers Challenge requires a 5% profit target in 30 days, which is significantly higher than the profit targets of some of the other prop firms on this list. However, The 5%ers also offers a higher share of the profits, so it can be a good option for traders who are confident in their trading skills.
Audacity Capital: Audacity Capital is a prop firm that offers a more personalized approach to funded trading. Traders who join Audacity Capital are assigned a dedicated account manager who will help them to develop their trading strategy and achieve their goals. Audacity Capital also offers a wider range of trading instruments than some of the other prop firms on this list.
City Traders Imperium: City Traders Imperium is a prop firm that is known for its high-quality education and training. Traders who join City Traders Imperium will have access to a wealth of resources, including live webinars, video tutorials, and one-on-one coaching. City Traders Imperium also offers a wide range of trading instruments, including forex, stocks, and commodities.
Here is a table comparing the rules and trading platform supported by the four prop firms mentioned above:
As you can see, the rules of these prop firms are very similar. The main differences are the profit targets, the duration of the challenge, and the verification process. Ultimately, the best prop firm for you will depend on your individual trading style and goals. Most of them support Metaquotes MT4 and MT5.
If you’re a broker/ introducing broker that likes to understand the business model, you may read this article “The Growing Demand for FTMO Alternatives: Why You Should Offer One”
Click here if you’re looking to deploy a similar platform like FTMO Alternatives/ FMTO Clone/ FTMO White Label/ Prop Firm Challenge Module.
Disclaimer: The information and data in this article are provided for informational purposes only and should not be construed as financial advice. The author does not make any representations or warranties, express or implied, about the accuracy, completeness, or suitability of the information and data contained in this article. The information and data may not be up to date or accurate, and the author does not assume any liability for any errors or omissions.
