Proprietary trading firms are important in financial markets, influencing trends and adding to liquidity. As we enter 2024, let’s examine some important proprietary trading firms that are major players in the industry.
What is a Prop Firm?
A proprietary trading firm, often referred to as a “prop firm”. They fund traders with money to trade with bigger positions, take more risks, and use advanced trading tools, software, and resources.
Traders within these firms benefit from a profit-sharing or commission structure. Experienced traders earn part of the profits they make from trading. While the company keeps some as payment for providing funds and assistance.
Prop trading is unlike traditional trading because it focuses solely on making money for the company, not clients. Joining a prop firm helps beginners enhance their trading skills and learn from seasoned professionals.
People must grasp the risks and pick a prop trading firm that fits their trading goals and style carefully. Traders can explore various aspects. Aspects such as trading platforms, styles, risk management, and strategies offered by prop trading companies. When evaluating a proprietary trading company, consider profit-sharing, trading tools, and customer support.
Choosing a prop firm with coaching, support for experienced traders, and fair fees can enhance your trading experience. Whether you’re interested in stock trading, options, forex, or other financial markets, this decision is crucial.
List of Prop Trading Firms 2024
Proprietary Trading Firm | CEO | Location | Founded |
Alpha Capital Group | George Kohler | London, UK | March 2022 |
Apex Trader Funding | Darrell Martin | Austin, Texas | 2021 |
Jason Blax | United Arab Emirates | 2023 | |
Karim Yousfi | London | 2012 | |
Zak Wilding and Lewis Kaler | Cambridge, UK | 2022 | |
Sean Bainton | United Arab Emirates | 2021 | |
Breakout Prop | N/A | Vancouver, British Columbia, Canada | N/A |
BrightFunded | Mohammad Naimur Alam Piash | Bangladesh | 2016 |
Daniel Martin, Martin Najat | London | 2018 | |
Alan Sanchez | Spain | N/A | |
Darwinex | Javier Colón, Juan Colón, Miguel Angel González | Europe, Middle East, and Africa | March 20, 2012 |
Dylan Elchami | Dallas, Texas | November 2021 | |
Earn2Trade | N/A | N/A | January 2019 |
Elite Trader Funding | Clint Chaney, Kanwal Singh, and Eric | Delaware, USA | 2022 |
Otakar Šuffner | Czech Republic | 2015 | |
David Bhidey, Peter Brown, and Bobby Winters | London, England, United Kingdom | N/A | |
Jussi Hallikas | Nicosia, Cyprus | September 2018 | |
For Traders | N/A | N/A | N/A |
Forex Capital Funds | Finn ter Wal and Stefan Verheul | Netherlands, Europe | July 2023 |
Funded Engineer | Tristian Talbot | Dubai | N/A |
Simon M | London | N/A | |
Abdullah Jayed | United Arab Emirates & Bangladesh | March 2022 | |
Khaled Ayesh | Dubai | 25th of August, 2022 | |
Funding Traders | N/A | N/A | N/A |
Sam Bradbury and Ryan Beasley | London, UK | 9th of April, 2022 | |
Angelo Ciaramello | Spain | May 12, 2021 | |
Instant Funding | N/A | N/A | N/A |
Lark Funding | Bill Lark | Singapore | November 2018 |
Maven | Chris Hunter | N/A | N/A |
Blake Olson | Texas | October 2020 | |
Blake Carter | United States | 27th of April, 2023 | |
Matthew Leech | Dallas, Texas | June 2022 | |
My Funded Futures | N/A | N/A | N/A |
Skilled Funded Traders | Omar Agag, Palden Bhutia, and Riz Iqbal | N/A | 2022 |
Blake Olson | Austin, Texas, United States | January 6, 2023 | |
Swift Funding | Carl Reuterskiöld | N/A | 3 May 1973 |
Gil Ben Hur | Ra’anana, HaMerkaz, Israel | N/A | |
Angelo Ciaramello, Blake Olsen, and Carlos Rico | N/A | May 2021 | |
Thomas Heyden | N/A | 2022 | |
Topstep | Michael Patak | Chicago | 2021 |
Traddoo | N/A | British Virgin Islands | 2022 |
Trade The Pool | Michael Katz | United Kingdoms | N/A |
TradeDay | James Thorpe and Steve Miley | Illinois, USA | 2020 |
Traders Launch | N/A | N/A | N/A |
Richard Nagy | Győr, Hungary | October 2021-May 2024 |
How to Choose the Forex Prop Firm for Beginners
When choosing a forex prop firm for beginners, it is essential to consider several key factors to make an informed decision. Here’s a detailed guide on how to choose the right prop firm:
Evaluation and Research
- Specific Goals and Needs: Be specific about your trading goals and needs.
- Comprehensive Research: Thoroughly research and evaluate several factors. Including the platform’s analytical tools, the firm’s reputation, evaluation process and your personal trading goals.
Trading Accounts and Funding
- Account Size and Funding Options: Consider the account size options and funding programs offered by the firm.
- Demo Accounts and Trial Periods: Look for a firm that provides demo accounts or trial periods for practice and evaluation.
Risk Management and Trading Skills
- Experienced Traders and Risk Management: Choose a firm that offers opportunities to learn from experienced traders and has well-defined risk management policies.
- Trading Skills and Education: Consider firms that offer educational resources and trading contests for skill development.
Trading Styles and Strategies
- Alignment with Trading Interests: Find a firm that aligns with your trading interests and goals, considering different trading strategies.
Profit Share and Fees
- Profit Share and Fee Structure: Compare profit splits, commission fees, drawdown and other costs across different firms.
Trading Tools and Platforms
- Analytical Tools and Trading Platforms: Evaluate the trading tools and platforms offered by the firm.
Reputation and Track Record
- Firm’s Reputation: Research the firm’s reputation, track record, and regulatory status, if applicable.
Beginners can pick a forex prop firm that matches their trading style, goals, and risk tolerance by considering these factors. Thorough research, evaluating multiple firms, and being clear about personal trading priorities and expectations are vital.
