Prop Firm Comparison - Traders With Edge (2024)

FAQs

Which prop firm is better than FTMO? ›

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.

Prop Firm Trader Salary

The salary of a prop trader can vary greatly depending on several factors such as experience, performance, and the size of the firm. On average, a junior prop trader can expect to earn anywhere between $50,000 to $100,000 per year, while a senior trader can make upwards of $500,000 annually.

Top Tier Trader, a US-based prop trading firm, has entirely scrapped MetaTrader platforms and is now solely offering services on TradeLocker, a relatively new trading platform. The prop trading firm will finish the migration of all its existing clients using MT4 and MT5 to the new trading platform by today (Tuesday).

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

Statistics on Average Trader Payouts

Profit Split: The average prop firm will offer a 80-20 profit split once you become a funded trader. TFT, on the other hand, gives up to a 90% split, — even as high as 95% in some promotions — the highest in the industry.

Also known as “prop trading,” it offers higher earnings potential much earlier in your career than jobs like investment banking or private equity. It's arguably the most merit-based industry within finance: if you make millions of dollars for your firm, you'll earn some percentage of it.

Can you make a living trading for a prop firm? ›

Prop trading can be lucrative, with earnings tied to a profit-sharing ratio. Unlike traditional brokers relying on commissions, prop traders' income directly links to generated profits. Ratios vary, often ranging from 75/100 to 90/100, offering flexibility based on experience and strategy.

The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

Interactive Brokers (IBKR) remains firmly entrenched as our overall pick as Best Online Broker for Day Trading because it offers among the widest ranges of assets available to trade while charging some of the lowest commissions and margin rates in the industry.

IC Markets' clients have access to a good range of professional platforms – MT4, MT5, and the cTrader platforms. All of these provide excellent charting tools and indicators and can run algorithmic trading strategies 24/7 using the IC Markets VPS service.

MetaTrader is the most widely used program among forex traders, and that applies to FTMO traders as well. The program's environment is intuitive and straightforward, however, its modifiability gives modders space to make it even better and user-friendly.

Yes, there are many sites offering similar services to FTMO. These include FunderPro, the5ers and many more. If you are looking for an alternative to FTMO, FunderPro is currently rank as the number one on the list of top Forex Prop Firms.

FTMO's top competitors include Alpha, Darwinex, and TraderMob. Alpha offers a global financial training firm. It delivers financial products and markets, professional skills, leadership, management, and talent programs. The company…

ftmo.com's top 5 competitors in March 2024 are: thefundedtraderprogram.com, fundedtradingplus.com, forexfactory.com, myforexfunds.com, and more.

Ftmo vs Topstep Which Is The Better Forex Prop Firm? Ftmo is better. Both Ftmo and Topstep on the top 10 list of Forex Prop Firms, with Ftmo reaching 2nd place and Topstep in 9th. FunderPro is the number-one ranked with 4.75/5.