Top 5 Reputable Prop Trading Firms Beyond FTMO and The Funded Trader for Global Traders

Prop trading firms (proprietary firms) offer traders the opportunity to access significant capital by passing evaluation challenges, making them an attractive option for those looking to scale their trading without risking personal funds. While FTMO and The Funded Trader (TFT) are industry leaders, several other reputable firms provide competitive programs, flexible rules, and high profit splits. Below, we explore five trusted prop firms suitable for traders worldwide, based on their reputation, Trustpilot ratings, and community feedback.

1. FundedNext

• Overview: Launched in 2022, FundedNext is based in the UAE with offices in the USA, UK, and Bangladesh. It’s a top choice for forex traders due to its diverse challenge models and high profit splits.
• Reputation: 4.6/5 on Trustpilot (12,000+ reviews). Paid over $95M to 97,000+ traders globally.
• Program Details:
• Challenge Types: Two-step Stellar, One-step Stellar, Evaluation, Express.
• Capital: Up to $4M (starting at $6,000).
• Profit Target: 8-10% (Phase 1), 4-5% (Phase 2); 10% max drawdown, 5% daily.
• Profit Split: 80-95%, with 15% profit withdrawal during challenges.
• Pros: Low fees (from $99 for 15K accounts), flexible rules, strong educational resources.
• Cons: Forex-focused, limited asset variety; relatively new firm.
• Best For: Forex traders seeking cost-effective and scalable programs.

2. FunderPro

• Overview: Established in 2023 in Malta, FunderPro is known for straightforward challenges and fast payouts, making it a strong FTMO alternative.
• Reputation: 4.0/5 on Trustpilot (700+ reviews). Praised for transparency and affordability.
• Program Details:
• Challenge: Two-phase with 10% (Phase 1) and 5% (Phase 2) profit targets; 10% max drawdown, 5% daily.
• Capital: Up to $200,000.
• Profit Split: 80-90%.
• Assets: Forex, commodities, indices, crypto.
• Pros: Low fees (from $95 for 10K accounts), no time limits, supports MT4/MT5/cTrader.
• Cons: Smaller maximum capital; short operational history.
• Best For: New traders or those preferring simple evaluations.

3. Apex Trader Funding

• Overview: Founded in 2021 in Austin, Texas, Apex specializes in futures trading, offering a streamlined one-phase challenge.
• Reputation: 4.8/5 on Trustpilot (5,000+ reviews). Popular among US and global futures traders.
• Program Details:
• Challenge: One-phase with flexible profit targets (varies by account).
• Capital: Up to $300,000.
• Profit Split: 90%.
• Drawdown: 6-10% (account-specific).
• Platforms: NinjaTrader, Tradovate, Rithmic.
• Pros: Single-phase challenge, low fees (from $137 for 25K accounts), allows news trading.
• Cons: Futures-only, requires futures trading experience.
• Best For: Experienced futures traders.

4. Funded Trading Plus

• Overview: Based in the UK since 2021, Funded Trading Plus offers flexible programs, including an Instant Funding option without challenges.
• Reputation: 4.9/5 on Trustpilot (4,000+ reviews), one of the highest-rated prop firms.
• Program Details:
• Programs: Single-phase, Two-phase, Instant Funding.
• Capital: Up to $2.5M (starting at $5,000).
• Profit Target: 10% (Single-phase) or 8%/5% (Two-phase); 10% max drawdown, 5% daily.
• Profit Split: 80-100%.
• Assets: Forex, commodities, indices, crypto.
• Pros: Instant Funding option, high profit splits, supports MT4/MT5/cTrader.
• Cons: Higher fees for Instant Funding; short track record.
• Best For: Traders seeking flexibility or high profit potential.

5. The 5%ers

• Overview: Founded in 2016 in Israel, The 5%ers is a veteran firm known for its robust educational resources and diverse programs.
• Reputation: 4.8/5 on Trustpilot (3,000+ reviews). Trusted for transparency and trader support.
• Program Details:
• Programs: Hyper Growth, High Stakes, Bootcamp.
• Capital: Up to $4M (starting at $10,000).
• Profit Target: 6-12% (program-specific); 10% max drawdown, 5% daily.
• Profit Split: 50-100%.
• Assets: Forex, commodities, indices.
• Pros: Extensive educational tools (webinars, courses), flexible challenges, MT5 support.
• Cons: Higher fees (from $235 for 24K accounts), complex challenges for beginners.
• Best For: Traders focused on long-term skill development.

Join The 5%ers Program or read the full review of The 5%ers here.

Quick Comparison

Tips for Global Traders

1. Research Thoroughly: Check Trustpilot reviews and join trading communities (e.g., Discord groups, Reddit’s r/Forex) for real-world insights. Be cautious of newer firms with short track records.
2. Match Your Style: Choose a firm based on your trading focus—FundedNext or FunderPro for forex, Apex for futures, or The 5%ers for education-driven programs.
3. Understand Rules: Review drawdown limits, news trading policies, and KYC requirements to avoid violations.
4. Practice Risk Management: Prop firms enforce strict risk rules. Test strategies on demo accounts before entering challenges.
5. Check Regional Restrictions: Some firms may restrict services in certain countries (e.g., FTMO stopped operations in Indonesia). Verify availability in your region.

Final Thoughts

The prop trading industry offers diverse options for traders worldwide, from forex-focused FundedNext to futures-specialized Apex Trader Funding. Each firm has unique strengths, so select one that aligns with your trading goals, experience level, and budget. Always read terms carefully, engage with trader communities, and prioritize risk management to maximize your success.

For more details on a specific firm or guidance on starting your prop trading journey, feel free to ask!