Are you a day trader looking to maximize your potential profits? If so, choosing the right prop trading firm can make all the difference!
By selecting a prop firm that supports your trading strategy, you can access cutting-edge trading technology, personalized support, and valuable resources to help you kickstart your career. But with so many options available, it can be challenging to determine the best prop trading firm for your style and preferences.
No worries! We’ve tried out the top prop firms to see which ones best support traders who profit from short-term market movements. So if you’re ready to take your day trading to the next level, read on for a breakdown of the five top prop trading firms for day traders!
FTMO is the premier proprietary trading firm for forex traders. FTMO has a unique 2-step evaluation process to discover trading talent. Successful traders can remotely manage an account with a balance of up to $400,000. FTMO's educational resources, account analysis, and performance coaching provide traders with the tools and support to achieve financial independence. Join FTMO and start trading with confidence.Challenge Difficulty:4.3Profit Share:5.0Educational Resources:5.0Customer Support:5.0Community Engagement:4.0Pros:
- Well-established and trusted
- Fast scaling plan
- Access data from liquidity providers
- No swing trading limits
- 1:100 leverage
- Limited trading platforms
- Challenging evaluation process
- Slightly more expensive than alternatives
Topstep Trading is the ultimate choice for traders looking to excel in the futures market. With a rigorous evaluation process, traders gain access to our state-of-the-art technology, funding opportunities, and support from trading experts. Join Topstep Trading and start trading with confidence.Challenge Difficulty:4.0Profit Share:5.0Educational Resources:5.0Customer Support:4.8Community Engagement:4.5Pros:
- Access to trading coaching programs
- Well-established and trustworthy
- Access to a dedicated coach
- High payouts and excellent profit splits
- Great community
- Only 50K, 100K, and 150K funding options
- Non-refundable registration fee
- Limited to futures
City Traders Imperium is one of the best prop firms on the market. It offers generous profit splits, programs that support different trading styles, and access to top-tier educational content. While the fees are slightly above average, CTI is worth it.Challenge Difficulty:3.5Profit Share:4.3Educational Resources:5.0Customer Support:4.0Community Engagement:4.5Pros:
- Scaling profit shares up to 90%
- Instant funding available
- Good to educational resources
- Excellent community
- Free trials
- Slightly higher fees
- No crypto trading
- No 24/7 customer support
Earn2Trade is a prop trading education company for new and experienced traders. It offers educational materials, futures trading, and simple trade tracking. While it has some restrictive rules and fees, Earn2Trade is an overall excellent choice for futures traders.Challenge Difficulty:4.8Profit Share:4.3Educational Resources:5.0Customer Support:4.0Community Engagement:4.5Pros:
- Ideal for futures traders
- Excellent industry reputation
- Great educational courses
- Fast funding options
- Empowering technology
- No MetaTrader
- Recurring fees
- Limited to futures
SurgeTrader is a solid proprietary trading firm that provides capital to skilled traders. It offers simple rules, optional add-ons, and multiple packages. While it has its issues, SurgeTrader is an excellent overall option for prop traders.Challenge Difficulty:4.5Profit Share:4.0Educational Resources:4.0Customer Support:4.5Community Engagement:4.5Pros:
- 90% profit split
- Free 30-day education membership
- No recurring fees
- No minimum trading days
- Multiple tradable assets
- Limited profit splits without paying extra
- Restrictive maximum loss limit
- Few education tools after 30 days
A Closer Look at Our Top Prop Trading Firms for Day Traders
FTMO: Best for Education Category
- What we love about FTMO: FTMO is a highly reputable prop firm that is well-regarded in the industry. It offers top-notch profit-sharing schemes and efficient scaling plans, making it an optimal option for traders of all styles, particularly day traders.
- Who FTMO is good for: Beginner day traders. FTMO’s educational resources are exceptional, with the Trading Academy offering access to educational content and guidance from experienced day trading mentors. Also, their mobile app allows traders to monitor market changes, which is particularly crucial for day trading.
For more details, check out our comprehensive FTMO Review.
Topstep: Best for New Futures Traders Category
- What we love about Topstep: Topstep is a popular choice for futures traders due to its impressive profit-sharing plans and fast payouts.
- Who Topstep is good for: Futures day traders seeking knowledge. Topstep offers a range of educational tools to help futures traders develop their strategies. But if you want to trade financial instruments other than futures, you must explore other options.
Are you interested in more? Read our in-depth Topstep Review.
City Traders Imperium: Best for Instant Funding Category
- What we love about City Traders Imperium: CTI is a top choice for day traders, providing a wide range of trader programs, well-funded accounts, and profit-sharing plans that increase as you progress through their scaling plan.
- Who CTI is good for: Day traders seeking instant funding. CTI features a Direct Funding Program that allows traders to skip the challenge step and manage live capital immediately after signing up.
Hungry for me? Dig into our detailed City Traders Imperium Review
Earn2Trade: Best for Expert Futures Traders Category
- What we love about Earn2Trade: This futures prop trading firm offers fair profit splits, excellent customer support, and helpful educational courses.
- Who Earn2Trade is good for: Skilled futures day traders. Earn2Trade is an excellent option for confident traders with a proven strategy, as they offer funding in as little as 15 days for traders who meet the requirements of their challenge.
Want to learn more? Read our Earn2Trade Review.
SurgeTrader: Best for Multi-Asset Trading Category
- What we love about SurgeTrader: This prop trading firm has everything! With easy-to-follow rules, various trader programs, and access to generous starting balances, it’s ideal for day traders looking to kickstart their careers.
- Who SurgeTrader is good for: Day traders who trade multiple instruments. This multi-asset prop firm lets you trade various assets, including select equities, forex, metals, oil, and cryptocurrencies.
Get more information from our SurgeTrader Review!
A Beginner’s Guide to Prop Trading Firms for Day Traders
What is a prop trading firm?
A prop trading firm is a company that seeks skilled traders and provides them with funding, trading resources, and access to trading platforms. In return, the prop firm keeps a percentage of the traders’ profits.
Pros and cons of joining a prop trading firm for day traders
Here are the pros and cons of joining a prop firm as a day trader!
Get a funded account to increase earnings potential
Join a community of swing traders
Use educational resources and trading tools
Potentially make more money than typical bank jobs
Some prop firms don’t allow swing trading
Fees can get expensive
Traders must share their profits with the firm
When not to join a prop trading firm as a day trader
Prop trading firms are an excellent option for day traders seeking capital, but they aren’t for everyone. If you’re looking for a secure job with a fixed salary, day trading at a prop firm may not be the best choice.
How we choose our top prop trading firms for day traders
We’ve ranked our top prop firms for day traders based on the following criteria:
- Challenge difficulty— How difficult is the trading challenge? Can beginner day traders join this prop firm?
- Profitability— How much of your profits can you keep? Does the prop firm offer scaling plans?
- Educational resources — Does the firm offer educational services to support day traders?
- Customer support — Is the customer service team responsive? Do they answer questions accurately?
- Community engagement — Does joining the prop firm give you access to a community of other day traders? Do they have a Discord?
Frequently Asked Questions
How much do day traders make at prop firms?
Day traders at prop firms can earn modest to substantial profits based on market conditions, strategy, and risk management. Expert traders might earn millions, while beginners could make a few thousand or none.
How do I start day trading at a prop trading firm?
After identifying a suitable prop firm, fulfill its requirements, which often include passing an evaluation for funding. This assessment usually entails trading on a demo account, verifying your trading proficiency and potential for profit generation.
Do prop trading firms offer training and education for day traders?
Some prop firms cater to beginners, providing educational resources and mentorship, while others do not. Day traders need to research firms, identifying those offering tools such as videos, courses, and mentorship programs to improve their skills.
Can I work remotely as a day trader for a prop trading firm?
Proprietary day trading enables traders to work globally, monitoring market fluctuations and trading from anywhere. However, prop firms may impose specific requirements, so consult them beforehand to understand potential restrictions.
How do day traders manage risk at prop trading firms?
Prop firm day traders reduce risk with stop-loss orders, portfolio and strategy diversification, and trend filters. They employ risk management software and tools for trade monitoring and strategy adjustments.
The Bottom Line
To find the ideal prop trading firm for your day trading needs, it’s important to explore various options and consider factors such as reputation, compensation, and support. Our evaluations provide a solid foundation for your search, equipping you with the knowledge you need to make informed decisions and achieve success in your trading endeavors.
But with the prop trading industry continually evolving, there are always new firms to consider. That’s why we’ve designed a list of the Top Prop Trading Firms to ensure you’re finding the best prop firm to match your needs!