Top Prop Firms Using MetaTrader in 2024 (Updated June)

Last Updated on July 6, 2024 by Richard Gibson

For the last few months, prop trading has undergone 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 halt their services to many Prop firms, especially those firms that have active US accounts. For this reason, many brokers terminated their partnerships with many prop firms.

In light of this situation, the market experienced a temporary wave of turmoil. But Bravo! to the firms, they quickly pulled through the situation. Many top firms, such as Funded Trading Plus and The Funded Trader, migrated to Match-Trader, DXtrader, cTrader, and many other popular platforms.

Don’t get your hopes down yet. Some firms still have the MetaTrader Licence, albeit they no longer accept US accounts. So here I am going to list some of the Prop Firms that still provide MT4, MT5, or both.

FTMO

FTMO is one of the most popular firms in the forex trading community at present time. Here, you can get from $10,000 to $200,000 in funds on a fee of $122- $ 1150. The profit ratio here is 90% with 1:100 leverage. In the firm, you will get both MT4 and MT5 options along with DXTrade and CTrader. Initially, it was called Ziskejucet. cz and started its journey in 2014. Fast forward ten years, and they are one of the most trusted firms in the industry, with the highest number of traders and trading instruments.

Get Your FTMO Discount Here.

The5ers

Speaking of top firms, here’s another one that offers MetaTrader 5. The5ers, better known as The 5%ers, provides the MT5 platform for maneuvering its broker. They have three funding programs that are best suited for traders of all levels. Here you can trade from 5000 to 4,000,000 dollars with 1:100 leverage and near about 100% profit split. The program’s price ranges from $95 to $850. There are many innovative training programs for practicing traders. This firm was established in 2016 and quickly gained recognition for its low-cost programs, relaxed evaluation, and versatility. 

Here’s a huge discount on The 5ers: https://myforexreport.com/the5ers-discount/

FXIFY

FXIFY is a recently established prop firm. They were established in April 2023 in the United Kingdom. Their broker is world-renowned PXPIG through whom they provide both MT4 and MT5 platforms. Despite having these two platforms, FXIFY offers its service to USA traders. They offer their traders three funding programs, the funding varies from $10,000 to $400,000 funds with a fee of $59- $1999, and a 90% profit split chance. As a new firm, they still have a few things they need to work on; however, their services are more than satisfactory. 

Get Your FXIFY Discount Here.

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 their clients. Fairly enough, as a US firm, they incorporate the MatchTrader platform in their firm so that even US traders can get their service. They currently have two customizable funding programs and are working on adding another program very soon. In E8 Markets, you will get funding that ranges from $5000 to $200,000 on a fee ranging from $71- $1039, 95% profit share opportunity, and a maximum 1:100 leverage. 

Get a huge E8 Markets discount here.

Alpha Capital Group

Here’s 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 five funding options ($10k-$200k on the fee of $97-$997), one of the lowest profit targets in the industry, 1:100 leverage, and an 80% profit split. 

Get a huge Alpha Capital Group discount here. 

FundedNext

FundedNext 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, including a 90% profit split, 1:100 leverage, and swap/swap-free options. They take $3 commission per lot. Their lowest funding option is $5,000, and the highest is $300,000, with fees varying from $39 to $999 with some additional add-on fees. This is a reliable firm, trusted by many traders and even celebrities.

Get a Huge Funded Next Discount Here

Audacity Capital

Audacity Capital is one of the first-generation prop firms established in March 2012. They also offer MT4 and MT5 platforms. Audacity Capital has two funding programs: an up to 85% profit share mechanism and 1:100 leverage. The funding starts at $7,500 to $240,000, while the fee ranges from $123 to $2399. I would recommend this prop firm only to advanced traders who know their way around the trading market.

Finotive Funding

Finotive Funding offers the highest capital and leverage in the community. It is a Hungary-based prop firm that came into business in April 2021. Finotive Markets LLC is the broker for the firm with a license to provide the MT5 platform. Their capital ranges from 2.5k to 200k (3.2 million with scaleup), with a fee starting from $50 to $2500 in their three funding programs. They take commissions for the lot and swap fee, but they make it up with 400:1 leverage and a 95% profit split.

For Traders

For Traders is a recently established prop firm. It was formed in July 2023 in the United Arab Emirates. For Traders use MT5 and Dx Trade platforms through the broker Capital Markets. They have three innovative evaluation models that offer more than 100 leverage, a 90% profit split, and even bonuses. The maximum capital you can get here is $100,000 on fees ranging from $59-$529.

Get a huge For Traders discount 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 there is no trade manipulation. The non-US citizen clause did put a damper on the market, but as you can see, there are still firms that actively offer the MetaTrader platform. In my opinion, these are the top firms that utilize the Meta platform, and they will continue to do so in the future as well.