Top Trading Platforms for Prop Firms Compared [year] - Top Rated Fx Brokers (2024)

Table of Contents
Comparing Top Trading Platforms for Prop Firms Metatrader is Leaving the USA Prop Firms? What Will be the Alternative for Metatrader? Popular Trading Platforms Offered by Top 5 Prop Trading Firms in 2024 Author Opinion FAQs References

Let’s start by highlighting 3 of the best prop firms and the platforms they use:

  • FunderPro: This leading prop firm offers MetaTrader 5 as well as TradeLocker.
  • Topstep: Topstep offers access to Tradestation, TradeLocker, and TradingView.
  • FTMO: FTMO provides access to the MetaTrader platform and TradeLocker.

Comparing Top Trading Platforms for Prop Firms

Good trading platforms are important for prop trading. We’ll review the best platforms to help you decide.

PlatformDescription
TradeLockerChosen by prop traders for its easy-to-use interface and advanced features. It allows you to monitor trades, manage risk, and analyze performance across various asset classes.
MetaTrader 4 (MT4)Widely used and offers advanced charting, customizable indicators, and automated trading. It supports a variety of asset classes, making it a versatile option for prop traders.
MetaTrader 5 (MT5)Similar to MT4 but includes additional features such as support for more advanced order types and a built-in economic calendar and news feed.
cTraderPreferred by prop traders looking for a modern, web-based platform with advanced charting tools and customizable indicators.
NinjaTraderA powerful platform offering advanced charting and automated trading across various asset classes, but it may be challenging for beginners to use compared to other platforms.

Metatrader is Leaving the USA Prop Firms?

Prop trading firms in the United States are moving away from using MetaTrader 4 and 5 (MT4 and MT5) due to stricter regulatory environments. This shift has led many firms to adopt other trading platforms that are more compliant with US regulations. Additionally, platforms like cTrader have gained popularity among prop firms for their advanced charting capabilities and user-friendly interfaces.

When choosing a prop trading firm, it’s important to consider the trading platform they offer. A good platform should have a user-friendly interface, provide access to a wide range of asset classes and markets, and offer advanced features and tools to support informed trading decisions.

See Also
Are Prop Firms Legit? A Comprehensive GuideAggressive Prop Firm EA Review - The Forex GeekAI Prop Firm EA Review - The Forex Geek13 BEST Prop Trading Firms (2024 uppdatering)

Platform’s interface and user-friendliness, the variety of assets and markets available, and the availability of advanced features and tools such as real-time market data, news feeds, and automated trading algorithms.

Each trader should research different firms and platforms to find one that aligns with their specific trading needs and goals, ultimately maximizing their potential for success in the prop trading industry.

Sources:

TradeLocker is an alternative to MT4 and MT5 for prop firms. It’s a browser-based platform gaining popularity due to unique features.

See Also
Prop Trading Firm Funding Pips Eyes US Market after Match-Trader Migration

What Will be the Alternative for Metatrader?

One of the favorites we stumbled upon seems to be TradeLocker that is easily crushing the competition.

Pros

  • Allows trading in micro lots, spreading risks in high-volume trading
  • Offers a mobile app for convenient trading anytime, anywhere
  • User-friendly interface makes it suitable for both novice and experienced traders
  • Social trading feature lets traders follow and copy successful traders’ trades

Cons

  • Lacks support for automated trading strategies
  • Offers fewer technical analysis tools compared to other platforms.
  • Relatively new platform

Reasons Why TradeLocker Stands Out for Prop Firms:

  • Comprehensive trading solution designed for traders, brokers and prop firms.
  • User-friendly interface suitable for traders at all levels.
  • Competitive pricing.
  • Customizable trading conditions.

Popular Trading Platforms Offered by Top 5 Prop Trading Firms in 2024

Check out some of the best platforms and firms offering them:

Prop Trading FirmTrading PlatformDescription
Funder TradingFT ProFunder Trading offers its proprietary trading platform, FT Pro, which is a web-based platform that allows traders to trade stocks and options. FT Pro provides traders with real-time data, advanced charting tools, and customizable layouts.
Apex Trader FundingApex TraderApex Trader Funding offers its proprietary trading platform, Apex Trader, which is a web-based platform that allows traders to trade futures, forex, and stocks. Apex Trader provides traders with real-time data, advanced charting tools, and customizable layouts.
Top One TraderT1 TradingTop One Trader offers its proprietary trading platform, T1 Trading, which is a web-based platform that allows traders to trade futures and forex. T1 Trading provides traders with real-time data, advanced charting tools, and customizable layouts.
SabioTradeSabio TraderSabioTrade offers its proprietary trading platform, Sabio Trader, which is a web-based platform that allows traders to trade futures, forex, and stocks. Sabio Trader provides traders with real-time data, advanced charting tools, and customizable layouts.
The5ersMT5The5ers offers its proprietary trading platform, MT5, which is a web-based platform that allows traders to trade forex. MT5 provides traders with real-time data, advanced charting tools, and customizable layouts.

Author Opinion

Proprietary trading can indeed be a lucrative opportunity in the financial markets. However, selecting the best prop firm trading platform is crucial for success. Factors to consider include fees, trading tools, and customer support. Reading reviews and conducting thorough research are also important steps in making an informed decision.

The ideal prop firm trading platform should offer low fees, robust trading tools, and exceptional customer support. By choosing the right platform, traders can enhance their prospects for success in the world of proprietary trading.

Top Trading Platforms for Prop Firms Compared [year] - Top Rated Fx Brokers (2024)

FAQs

What is the best prop firm for forex trading? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • The 5%ers.
  • Funded Next.
  • Funded Trading Plus.

Find Out More ›
Which prop firm is better than FTMo? ›

In our opinion, Funded Next is the best forex prop trading firm now that FTMO has left the US. It boasts up to $4 million in its funding program, has multiple challenge options to select from that make the passing rules not as stringent as some other competitors.

Learn More ›
What is the best platform to trade FX? ›

  • Best Forex Brokers.
  • CMC Markets: Best Overall and Best for Range of Offerings.
  • London Capital Group (LCG): Best for Beginners.
  • Saxo Capital Markets: Best for Advanced Traders.
  • XTB Online Trading: Best for Low Costs.
  • IG: Best for U.S. Traders.
  • Pepperstone: Best for Trading Experience.
  • Frequently Asked Questions.

View Details ›
What platform do professional forex traders use? ›

The MT4 platform is the go-to for forex traders and provides a wide range of indicators, chart types, and timeframes. You can also access the MetaTrader Marketplace for customized indicators and algorithmic trading strategies.

View Details ›
Why is FTMO banned in the US? ›

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.

Continue Reading ›
Which prop firms use TradingView? ›

Top Forex Prop Firms that Utilize Tradingview
  • TopstepFX.
  • The5%ers.
  • FTMO.
  • Maverick Trading.
  • Blue Point Trading.
  • OneUp Trader.
  • City Traders Imperium.
  • Earn2Trade.
Jan 19, 2024

Know More ›
Is TopStep better than FTMO? ›

Features Comparison: TopStep vs FTMO

Range of Markets: FTMO offers a wider range of trading instruments compared to TopStep's focus on futures. Profit Sharing: FTMO tends to offer a higher profit share ratio. Educational Support: TopStep provides more structured educational content, especially for futures trading.

Read On ›
Which prop firm has the fastest withdrawal? ›

Who offers the quickest payouts among prop trading firms? FunderPro stands out for its rapid payouts in the prop trading industry. With some competitors taking weeks to process payouts, FunderPro prioritizes swift transactions, ensuring traders receive their earnings promptly.

View More ›
Which is better FTMO or FTMO swing? ›

The Swing account is a type of account designed for more conservative traders who hold positions for more extended periods. The main difference from the Normal account type is the ability to hold positions overnight and over the weekend even after passing the Verification.

Learn More ›
What is the largest FX trading platform? ›

ADVT-based Ranking List
Largest BrokerADVT (Billion USD)Regulation
IC Markets29ASIC, CYSEC
Saxo20.1ASIC, FCA, FSA, AMF, CONSOB, FINMA, MAS
Forex.com18.6NFA, ASIC, FCA, FSA, IIROC, CIMA (offshore), MAS
XM16.08CYSEC, ASIC, FSC (offshore), DFSA
6 more rows

Discover More ›

Who is the biggest forex broker in the world? ›

IC Markets is the largest forex broker in the world, with close to $10 trillion in trading volume per year. Currently, IC Markets operates in over 200 countries.

Show Me More ›
What is the biggest forex platform? ›

Here is an overview of the 10 biggest forex brokers based on trading volume and market share:
  • OANDA. ...
  • IG Group. ...
  • Plus500. ...
  • AvaTrade. ...
  • Pepperstone. ...
  • Saxo Bank. ...
  • TMGM. ...
  • IC Markets. Rounding out the top 10 is IC Markets, an online trading provider founded in 2007 in Sydney, Australia.
Jan 10, 2024

View More ›
Is the FFC market real or fake? ›

Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. FFC MARKET is a scam.

Read More ›
Is Vantage FX legit? ›

In summary, Vantage Markets is among the best brokers out there. This company can be very interesting for beginners or advanced. In particular, the provider is recommended for traders who want transparent and secure trading. Vantage FX has been serving retail and professional traders in the CFD markets since 2009.

Explore More ›
Is Oanda a good broker? ›

OANDA is considered Highly Trusted, with an overall Trust Score of 93 out of 99. OANDA is not publicly traded, does not operate a bank, and is regulated by seven Tier-1 regulators (Highly Trusted), zero tier-2 regulators (average trust), zero Tier-3 regulator (Average Risk), and one Tier-4 regulator (High Risk).

Read The Full Story ›
What prop firm pays the fastest? ›

Funding Pips and Maven lead the rankings with the most frequent pay-outs, offering transactions every 5 days. Close behind, Traddoo and Funded Trading Plus offer weekly pay-outs. Smart Prop Trader, with its 12-day pay-out cycle, caters to those with a trading style that can accommodate less frequent access to funds.

See Details ›
How do I choose a prop firm? ›

The first step when deciding on any prop trading firm should be an in-depth look at its reputation and history in the industry. A firm's standing within the trading community will highlight its reliability and ability to support its traders with a secure trading environment.

Learn More ›
Is trading for a prop firm worth it? ›

Prop trading is one of the most lucrative activities as the money you earn is determined by a profit-sharing ratio. Unlike brokers, for instance, which generate money from commissions or spreads, the prop firm benefits from directly trading or investing in the market.

Learn More ›

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