Best Futures Prop Trading Firms 2023
Investing in futures can be an exhilarating endeavor. Futures contracts, agreements to buy or sell a particular asset at a predetermined price at a specific time in the future, offer a wide range of potential profits. They're utilized by traders as a speculation tool or a hedge against market volatility. However, trading futures requires extensive knowledge, skill, and a significant amount of capital, often making it inaccessible to individual traders.
That's where futures prop trading firms come into play. Proprietary trading firms, or "prop firms," allow traders to trade with the firm's capital, eliminating the need for substantial personal investment. In return, the trader shares a portion of their profits with the firm.
This article aims to guide you through the world of futures prop trading firms, providing you with a detailed review of the best options available today. We'll cover TopStep, Earn2Trade, Elite Trader Funding, Bulenox, and Take Profit Trader. For each firm, we'll discuss the benefits they offer, give an overview of the company, and touch on some essential details that may be pivotal for your decision.
Best Future Prop Firms
- Best overall, especially for experienced traders seeking a rewarding trading environment.
- Best for traders looking for a straightforward path to becoming a funded trader.
- Best for beginners due to its comprehensive educational resources and trader support.
- Best for traders seeking comprehensive educational resources alongside prop trading.
- Best for traders who prioritize a higher profit split and a flexible trading environment.
The Best Futures Proprietary Trading Firms in 2023
TopStep
- Competitive yet rewarding trading environment
- No restriction on trading style
- 24/7 trading availability
- Futures and forex trading options
- Profit split of up to 80%
- Monthly trading combines
- Real-time, simulated trading evaluations
- Funded accounts for successful combine participants
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TopStep is renowned for its competitive yet rewarding trading environment. With no restriction on the trading style and round-the-clock trading allowed, TopStep caters to traders of all levels and trading habits. It also provides an opportunity to trade both futures and forex, broadening the possibilities for its traders.
TopStep offers a profit split of up to 80%, a lucrative proposition for successful traders. Furthermore, it conducts monthly trading combines, which are essentially real-time, simulated trading evaluations. Those who pass these combines are eligible for funded accounts, further promoting a competitive trading atmosphere.
TopStep is based in Chicago, a city known for its vibrant trading scene. It provides a virtual platform for traders worldwide to participate in trading combines and get a chance to be a part of the funded trader roster.
It prioritizes transparency, detailing its fee structure, trading rules, and evaluation criteria upfront. It also values its community, providing a platform for traders to interact, learn from each other, and grow together. The supportive community, coupled with its commitment to providing opportunities to talented traders, makes TopStep a compelling choice for futures traders.
Elite Trader Funding
- Straightforward path to funded trading
- No evaluation or challenge requirement
- Immediate trading post-registration
- 80% profit split
- Ideal for experienced traders
- Bypassing demo trading period
- Comparable to top prop firms
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While the firm skips the evaluation step, it has a robust risk management system in place to protect its capital. Traders are required to adhere to strict risk management rules, and failure to comply results in account termination.
Despite the firm's simplicity, traders are not left without support. Elite Trader Funding provides educational resources and customer support to help its traders succeed in the futures market.
Take Profit Trader
- Generous terms among futures prop firms
- Outstanding profit split of up to 90%
- Ideal for confident, skilled traders
- Potential for substantial earnings
- More relaxed risk parameters
- Beneficial for aggressive trading styles
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The firm's profit split and trading conditions are a testament to its commitment to the success of its traders. While the risk parameters are relaxed, the firm still enforces strict risk management rules to ensure the responsible use of its capital.
Although the firm offers generous terms, it doesn't compromise on trader support. Take Profit Trader provides its traders with ample educational resources and excellent customer support, fostering an environment conducive to trading success.
Earn2Trade
- Learning-centric platform
- Comprehensive educational program
- Ideal for new or enhancing futures traders
- Unique evaluation process - "The Gauntlet"
- Funded accounts for successful Gauntlet participants
- Capital protection approach
- Skill-building evaluations for long-term success
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Earn2Trade is a relatively new entrant in the prop trading space but has quickly garnered the respect of many traders. The firm stands out due to its focus on trader education and robust evaluation of trading skills. The end goal is not just to provide traders with capital but to ensure they possess the skills to trade it effectively and profitably.
Earn2Trade's extensive education program is designed to help traders understand and navigate the futures market. From webinars and trading simulators to one-on-one mentoring, Earn2Trade provides numerous learning opportunities to its traders.
Moreover, Earn2Trade values its traders' success, as reflected in their 80% profit split, one of the most generous in the industry. The firm's commitment to cultivating skilled and disciplined traders, coupled with its competitive compensation, makes it an attractive option for aspiring futures traders.
Bulenox
- Unique cryptocurrency prop trading
- Ideal for volatile, lucrative crypto market traders
- Approachable minimum deposit
- Relaxed drawdown rules
- Forgiving trading conditions
- Advantageous for strategy-refining traders
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Traders on Bulenox can appreciate its low barrier to entry and less stringent risk management rules. These features can provide more room for maneuvering, especially for those employing high-risk high-reward strategies.
Despite its unorthodox approach, Bulenox provides ample support to its traders. From comprehensive educational resources to an experienced customer support team, Bulenox aims to equip its traders with the tools and knowledge necessary to succeed in the crypto trading arena.
