Last Updated on November 5, 2024 by Richard Gibson
For the last few months, prop trading has been going through a radical change. Most prop firms collaborate with Brokers and use their servers to provide trading platforms. However, at the start of the year, Metaquotes, the popular MT4 and MT5 platform provider, gave notice to brokers like Eightcap, Purple Treading, BlackBull Markets, and ThinkMarkets to give MT4 and MT5 platform access only to their own firms and stopped giving it out to third parties aka the prop firms. In this situation, many brokers launched their own prop firm. You can learn about them in detail from us, too.
A temporary wave of turmoil went through the existing Prop Firms and market. But, Bravo! to the firms, they quickly pulled through the situation. Many top firms like Funded Trading Plus, The Funded Trader, Blue Guardian, etc, initially migrated to Match-Trader, DXtrader, cTrader ( though all of them have MetaTrader now), and many other popular platforms. And many got their own license from MetaQuotes.
Let me in on one thing: As the year nears its end, the station is at hand now. All top prop firms are signing contracts with MetsQuotes and returning the MetaTrader platform service.
FTMO
FTMO is a leading proprietary trading firm that has earned a stellar reputation in the global trading community. Headquartered in Prague, Czech Republic, the firm was founded by Otakar Šuffner and has been operating for almost a decade.
| Headquarters | Czech Republic |
| CEO | Otakar Suffner |
| Account Size | $10,000-$200,000 |
| Profit share | 80/20 |
| Leverage | 30:1 ( For swing account), 1:100 ( Swing Free account) |
| Platforms | MT4, MT5, cTrader, DXtrade |
| Cupode Code | Up to 10% OFF |
Exclusives:
- Free trial before purchase
- Performance Coach available
The5ers
The 5%ers, a trailblazing proprietary trading firm, has established itself as a leader in the industry. This firm only has the MT5 platform. Unfortunately, you won’t get any other platform like Match-Trader, Mt4, or CTrader here. Based in Israel and founded by Saul Lokier in 2016, The 5%ers provide funded trading accounts ranging from $5,000 to $400,000.
Their evaluation process includes Bootcamp, Hyper Growth, and High Stakes accounts catering to traders. Depending on the program, the 5%ers prioritize steady growth with maximum drawdowns ranging from 4% to 10%.
| Headquarters | Isreal |
| CEO | Gil Ben Hur |
| Account Size | $5000-$400,000 |
| Profit share | Upto 100% |
| Leverage | 30:1 |
| Platforms | MT5 |
| Cupode Code | Up to 10% OFF |
Exclusives:
- Huge Scaleup
- No time limit to complete evaluation
- You get a bonus after clearing phase one
- Spreads from 0.0 pip
FXIFY
FXIFY is one of the favorite go-to prop firms for traders. With its $5000-$400,000 funding option and 3 evaluation model, it caters to all levels of traders’ needs.
| Headquarters | London, Uk |
| CEO | Peter Brown and David Bhidey |
| Account Size | $5000-$400,000 |
| Profit share | Upto 90% |
| Leverage | 50:1 |
| Platforms | MT4, MT5. Dx Trade |
| Cupode Code | Get up to 20% OFF |
Funded Trading Plus
Funded Trading Plus is undoubtedly one of the most famous firms in the market. Traders were highly disappointed when they got hit with the turmoil and suspended their MT4 and MT5 platforms. However, on September 3rd, they announced that the platforms were back.
| Headquarters | UK |
| CEO | Simon M |
| Account Size | $5000-$200,000 |
| Profit share | 80/20 ( Upgradable to 90/10) |
| Leverage | 30:1 |
| Platforms | MT4, MT5, Match-Trader, Dx Trader, cTrader |
| Cupode Code | Up to 20% OFF |
Exclusives:
- Premium and Advanced accounts with 3 types of evaluation process
- No minimum Trading Day
- You can request to scale at every 20% of the simulated profit
E8 Markets
E8 Markets is a USA-based Prop firm established in 2021. Through the backhands of their broker “ Virtual Markets,” they provide the MT5 platform to its clients. Fairly enough, as a US firm, they incorporate the MatchTrader platform so that even US traders can get their service. They currently have three customizable funding programs. In E8 Markets, you will get funding that ranges from $5000 to $400,000 on a fee ranging from $54- $1790, 90% profit share opportunity, and maximum 1:100 leverage.
| Headquarters | USA |
| CEO | Dylan Elchami |
| Account Size | $5000-$200,000 |
| Profit share | Upto 90% |
| Leverage | 100:1 |
| Platforms | MT5, cTrader, Match Trader |
| Cupode Code | Get up to 10% OFF |
Exclusives:
- The funding model is customizable
- No minimum or maximum trading day
- Payout in 8 days and 0 commission on account
Alpha Capital Group
Here, I have another prop firm from the United Kingdom. Alpha Capital is mostly known for its advanced account analysis and custom-built trading journal. Alpha Capital Group started its journey in November 2021 with its broker ACG Markets and has two trading platforms: MT5 and cTrader. The firm has one funding program with 5 funding options ($50k-$200k on the fee of $50-$997) and one 95% of the lowest profit targets in the industry, 1:100 leverage, and an 80% profit split.
| Headquarters | Uk |
| CEO | Andrew Blaylock and George Kohler |
| Account Size | $5000-$200,000 |
| Profit share | Upto 95% |
| Leverage | 100:1 |
| Platforms | MT5, cTrader Dx Trade |
| Cupode Code | Get up to 20% OFF |
Exclusives:
- Both the Swing and Swing-free funding models
- Huge profit split and leverage
- 0% commission on accounts
FundedNext
Funded Next was established in March 2022 in the United Arab Emirates. It is a high-profile prop firm that gives its traders MT4, MT5, and cTrader platforms. They have four funding programs where you can get a 90% profit split, 1:100 leverage, and swap/swap-free options. They take $3 commission per lot. Their lowest funding option is 6000 dollars, and the highest is $300,000, with fees varying from $32 to $999 with some additional add-on fees. This is a reliable firm, trusted by many traders and even celebrities.
| Headquarters | UAE |
| CEO | Abdullah Jayed |
| Account Size | $6000-$200,000 |
| Profit share | Upto 95% |
| Leverage | 100:1 |
| Platforms | MT4, MT5, cTrader |
| Cupode Code | 105% Refund |
Exclusives:
- 4 funding programs: evaluation, express, Steller, Steller lite
- 15% profit share in the challenge phase
- Opportunity of Reset
Audacity Capital
Audacity Capital is one of the first-generation prop firms established in March 2012. They also offer MT4 and MT5 platforms. Audacity CaKarim Yousfipital has two funding programs, up to 85% profit share mechanism and 1:100 leverage. The funding starts from $10,00 to $240,000 while the fee ranges from $129 to $1559. I would suggest prop firm to advanced traders only who know their way around the trading market.
| Headquarters | London, UK |
| CEO | Karim Yousfi |
| Account Size | $10,000-$240,000 |
| Profit share | Upto 80% |
| Leverage | 30:1 |
| Platforms | MT4, MT5 |
| Cupode Code |
Exclusives:
- Sophisticated Trading Firm
- One of the first-generation firms
Finotive Funding
Finotive Funding offers the highest capital and leverage in the community. It is a Cyprus-based prop firm that came into business in April 2021. Finotive Markets LLC is the broker of the firm that has a license to provide the MT5 platform. Their capital ranges from 2.5k to 250k (3.2 million with scaleup), with a fee from $35 to $2500 in their three funding program. They take commissions for the lot and swap fee, but they make it up with 400:1 leverage and a 100% profit split.
| Headquarters | Cyprus |
| CEO | Oliver Newland |
| Account Size | $2500-$250,000 (3.2 Million with Scaleup) |
| Profit share | Upto 100% |
| Leverage | 200:1 |
| Platforms | MT5 |
| Cupode Code |
Exclusives:
- Monthly Salary system
- Three Funding Models: Challenge, Instant Funding, Finotive Pro
- 400:1 leverage
Broker-Based Prop Firms with MetaTrader
As I have said before, MetaQuotes refused to provide the Metatrader platform to any third-party prop firm. As brokers earn a lot of passive income by providing platforms, it becomes a hassle for them. So, they came up with a solution, and many started their own prop firm. Like, Purple Trading started their own prop firm Fintokei, Blueberry Markets started Blueberry Funded and many more. Know more about them right here.
Conclusion
In my experience, MetaTrader is one of the best platforms on which to work. It’s smooth, offers various tools, Pips are always on point, and has no trade manipulation. The non-US citizen clause did put a damper on the market, but as you can see, firms still actively offer the MetaTrader platform. I believe these are the top firms that utilize the Meta platform. And they will continue to do so in the future.
Richard Gibson is a trade analyst and writer for MyForexReport. He has over 10 years of experience in investing and trading equities, options and bonds. He trades options, stocks, and ETFs regularly following a value-driven investment philosophy. He’s a graduate of the University of MacEwan University, and holds a graduate certificate in financial planning from the University of Calgary.
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