Forex Prop Trading Firm Reviews & Ratings

Jeremy BiberdorfBy: Jeremy Biberdorf

September 23, 2023September 23, 2023

Forex prop firms are a great way for new forex traders to start. They provide the capital to make bigger trades and learn the ropes without risking your money. Proprietary firms shoulder the losses, so you can focus on gaining trading experience.

Successful traders get to keep a percentage of the profit targets, so the potential payouts are significant. Once you’re consistently profitable, you can apply to trade live funds. The competition is stiff, but if accepted, you’ll get to trade bigger positions and keep up to 80-90% of the trading profits.

For new forex traders, prop firms represent an opportunity to break into a challenging field, learn from experienced mentors, and build up your skills and earnings potential. With hard work and persistence, prop trading could be your path to becoming a funded forex trader. On that note, here are the top forex proprietary trading firms.

Top Forex Prop Trading Firm

  • Fidelcrest is ideal for traders seeking comprehensive support and diverse trading conditions. They offer high leverage, low commissions, and a robust newbie educational platform.
  • City Traders Imperium is best overall, perfect for those who prefer personalized approaches and strategies. They provide tailored mentorship and guidance for developing custom strategies.
  • Elite Trader Funding is optimal for seasoned traders with high funding limits and low-risk parameters. They have strict risk management rules but high reward potential.
  • FTMO is best for individuals seeking a robust platform with a well-established reputation and strong educational resources. They’ve been around since 1999 and have a proven track record for funding professional traders.


 Fidelcrest Logo

Fidelcrest offers traders a sweet deal with some of the industry’s most generous profit splits. As a prop firm founded in 2018, they provide funding and resources for you to trade forex markets on your terms.

Depending on your risk appetite, choose between their “Normal” or “Aggressive” challenge to prove your skills. Complete the challenge and earn up to 90% of your profits. Fidelcrest provides a starting capital of $250K to $1M for pros and $15K to $60K for newbies.

Once verified, the benefits keep coming. You’ll be free to trade how you want, whether copy-trading, news trading, or without stops. Weekend and minimum day restrictions won’t apply.

Fidelcrest Ratings and Reviews

  • Trustpilot 4.6 from 1,016 reviews
  • Tradersunion 4.2
  • Forex Prop Reviews 5
  • Onlineproptrading 4.7

Kaushik S – September 13, 2023

“Amongst all the prop firms, Fidelcrest is the best and most trustworthy. Customer service is always best, especially Juan. He answered my doubts clearly and did not waste my time replying, unlike other prop firms. The challenges are easy to understand with no hidden stuff.”

Promo: Use promo code MM-15 to get 15% off!
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City Traders Imperium

 City Traders Imperium Logo

City Traders Imperium is a London-based prop trading firm founded in 2018 by Daniel Martin and Martin Najat. They offer funded accounts and profit-sharing benefits to qualified traders who pass their evaluation stage and follow the trading requirements.

City Traders Imperium has a more flexible time frame than most prop firms, appealing to day traders, swing traders, and forex traders. They provide educational resources like trading courses, the “Mastermind Program,” and pro-trader consultation services.

City Traders Imperium Ratings and Reviews

  • Google My Business: 4.9 from 277 reviews
  • Trustpilot: 4.7 from 907 reviews
  • Forex Broker Report: 4.7

Mikko – September 08, 2023

“I started trading 3 years ago, and very soon I found the City Trader Imperium. The courses I bought there and the great help I have received over the years has been genuine help and a desire to make me reach my goals. Many thanks to the entire CTI staff, and it has been a pleasure to be part of that group.”

Promo: Use coupon code CTI10% for 10% off!
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Elite Trader Funding

 Elite Trader Funding Logo

Elite Trader Funding allows traders to test their skills without risking their capital. You’re given access to a simulated trading environment where you can trade as though you have a funded account. You’ll receive funding for your live trading account if your performance meets their criteria over a typical 2-3 month evaluation period.

The benefits of their program are significant for new traders. You can trade with confidence using their risk-free capital while honing your strategy. Elite Trader Funding also guides you to help you succeed, including recommended risk management techniques and trading forex parameters to follow.

For experienced traders, Elite Trader Funding offers an opportunity to increase your buying power and scale up your trading. Their generous profit splits, typically 70-80% to the trader, make it an attractive funding source. Elite Trader Funding accepts traders focused on forex, stocks, futures, and options.

Elite Trader Funding Ratings and Reviews

  • Trustpilot 4.4 from 119 reviews
  • Onlineproptrading 4.7

Osa – September 08, 2023

“Always helpful, fast, prompt customer support. They listen to their traders and work with us to offer competitive services, and they are still working on more. Nothing but good work that I’ve seen from them. Best Futures prop firm out there. Reputable. Absolute must work within this space.”

Promo: Use coupon code ETF4EVER for 65% off!

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 FTMO Logo

FTMO is a popular prop trading firm that provides instant funding to aspiring forex traders. To get trading capital, you need to pass their two-step Challenge. The first is the FTMO Challenge, which tests your ability to generate profit while following their rules for two months. If you pass, you move onto the Verification stage for two more months. Pass that, and you’re funded!

FTMO seems to be a highly-rated prop firm for new prop traders seeking funding. Their evaluation process is tough but fair. If you can prove you trade well while controlling risks, FTMO may be a great way to turn your trading style and trading strategies into a paying trading career.

FTMO Ratings and Reviews

  • Trustpilot 4.9 from 5,529 reviews
  • Forex Broker Report 5
  • TrustIndex 4.9 from 5,381 votes
  • Google Play 4.5 from 803 votes

Thanh Do September 01, 2023

“FTMO is an excellent and trustworthy funding company. I purchased a $200,000 challenge package, completed two challenge stages, and obtained a profit-sharing account. I received payment and a refund very quickly from FTMO. It’s fantastic; the support team is very fast and friendly.”

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Overview of Forex Prop Trading Firms

Proprietary trading companies provide funding and support for traders looking to trade the forex market. As a skilled trader, you’re allocated capital to trade to generate profits. The firm shoulders the risks, allowing you to gain experience without losing your own money.

Prop firms offer many benefits. You get to trade larger positions than with your funds. You also get support to help improve your skills. Firms like FTMO, Fidelcrest, City Traders Imperium, and Elite Trader Fundings offer email support.

While there are targets to meet, prop firms can improve your trading discipline and risk management. The rules and guidelines in place lead to better habits. You can trade forex with less risk and more rewards with the right prop firm. Do your research to find one that matches your needs.

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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