Proprietary trading (and “prop trading”) is growing in popularity. In this model, trader are funded by firm, or they can trade firm’s money in exchange for a share of profits. For beginners, this can be good opportunity to start. It offers high rewards, is not as risky as traditional trading, and it can help with mentorship.
This is why it may be difficult to find the best one. Here, we have researched and selected the best prop trading firms for beginners, such as Supertrade. They offer not only funding but also provide traders with a complete set of necessary tools and resources.
Here is the list of the top firms that you should consider if you are just starting in the world of trading.
1. Supertrade
Supertrade earns its place at the top for several reasons. Designed with beginners in mind, the firm offers a well-balanced trading environment that prioritizes education, risk management, and growth. Its easy-to-use interface allows beginners to start without difficulties, and flexible funding options are designed to be useful for traders who want to pass a challenge or get funding asap.
Main features:
- Beginner-friendly evaluation: The challenge phase is straightforward and allows traders to prove their skills without excessive rules.
- Generous profit split: Traders can earn up to 90% of the their profits from their funded account.
- Low cost of entry: Evaluation fees are affordable, and new traders can get started easily.
- Realistic trading conditions: Supertrade simulates real market conditions with competitive spreads and execution speeds.
- Mentorship and resources: The platform offers optional coaching, webinars, and educational resources.
Supertrade offers one of the smoothest pathways from demo trading and allows to earn real profits.
2. FTMO
FTMO is one of the most recognized names in the prop trading world and has earned a solid reputation over the years. It’s often considered the “gold standard” of proprietary trading.
Main features:
- Two-phase evaluation: FTMO Challenge and Verification phase ensure that traders demonstrate consistent performance.
- Capital scaling: Firm offers up to $400,000 in capital with potential to scale to over $2 million.
- Risk management tools: The platform includes account analysis and performance metrics that help traders improve.
- Wide range of markets: Trader can trade forex, indices, commodities, or cryptocurrencies.
The evaluation process is slightly more complex, but all in all, FTMO is a great choice for beginners who are serious about a trading career.
3. The Funded Trader
The Funded Trader offers one of the most flexible and beginner-oriented programs in the industry. It’s designed to give traders a fair shot at funding without overly restrictive rules.
Key Features:
- Multiple challenge options: The firm offers Standard, Rapid, or Royal Challenges, everybody can choose one that suits his trading style.
- High drawdown limits: The company offers generous drawdown thresholds, this is why it is less stressful for beginners.
- High profit split: Trader receive the up to 90% profits.
- Fast payouts: The company offers weekly payout options.
The Funded Trader has quickly grown in popularity, especially among those who are new to prop trading.
4. MyForexFunds (MFF)
MyForexFunds was one of fastest-growing prop firm before temporarily shutting down in 2023 due to regulatory issues. Now it is restructured and compliant, it’s back in the market with updated programs and tighter security measures.
Main features:
- Three program types: The company offers Rapid (for practice), Evaluation (to get funded), and Accelerated (direct funding) programs.
- Low barrier to entry: Programs start at very affordable prices.
- Diverse account sizes: Accounts range from $10,000 to $200,000, with the scaling opportunities.
- Risk management education: The company offers learning materials to help traders manage risk better.
5. TopStep
TopStep has a strong focus on futures trading, which makes it unique among prop firms. It is perfect for beginners who want to explore markets beyond forex and CFD trading.
Main features:
- Futures market access: Traders can access the CME, CBOT, or NYMEX with real-time data.
- Two-step evaluation: It offers an easy-to-follow path toward funded accounts.
- Educational support: The company provides one of the most comprehensive training platforms.
- Strict risk guidelines: It helps beginners learn discipline and risk control from day one.
TopStep is a good fit for those looking to build a career in futures trading, especially in the U.S. markets.
Final Thoughts
Choosing the right prop trading firm as a beginner can make a huge difference in your success. The firms listed above offer a mixture of beginner-friendly features, from affordable evaluation costs and flexible rules to educational resources and generous payouts.
Before joining any firm, review their terms carefully, understand the evaluation metrics, and take advantage of any educational resources they offer.
