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Discover the Best Proprietary Trading Firms of 2024: Your Ultimate Guide to Success

Jessica S.
Updated On
November 15, 2024
Here’s a detailed overview of our top 10 proprietary trading firms, highlighting their offerings, differences, and similarities, based on information from their official sources.

These firms cater to various trading styles and preferences, with Tradeify and NexGen excelling in ease of payout and beginner accessibility. Apex and Topstep stand out for scalability and reliability. Choosing the right firm depends on your trading needs, experience, and capital preferences.


1. Tradeify

Products: Tradeify offers diverse evaluation plans, including Advanced and Growth. They also offer Straight to Sim Funded options. These cater to traders at different skill levels, with up to $150,000 in simulated capital per account. A unique feature is the ability to manage up to seven accounts simultaneously, maximizing capital access. Instant funding options are also available for seasoned traders who want to skip evaluations​

Rules: Evaluations emphasize profit targets and adherence to end-of-day or intraday trailing drawdowns. After passing the evaluation, traders begin with simulated accounts to demonstrate consistency before transitioning to live funding.

Payouts: Tradeify’s payout structure begins with 100% retention of the first $15,000 earned. Beyond that, traders transition to a 90/10 profit split. Payouts are processed daily, with a low withdrawal threshold of $250 and only 10 trading days with a 20% consistency rule. Live funding options unlock at risk management teams’ discretion and after completing eight payouts from simulated accounts, offering professional-grade conditions​

Ease of Payout: The process is straightforward, with daily withdrawal requests processed as soon as the same hour. Their pathway to live funding is well-defined, making it a favorite for traders seeking flexibility and rapid growth.


2. NexGen Futures Trader

Products: NexGen specializes in futures trading, offering tailored evaluations for various account sizes. Their plans focus on affordability, starting with entry-level accounts, and scale to accounts exceeding $100,000 per account. They also provide instant funding for experienced traders allowing for a total of three (3) instant-funded accounts and seven (7) audition-to-live (ATL) accounts for a total of up to ten (10) accounts before going live.

Rules: Traders must achieve specific profit targets while adhering to strict drawdown limits. The rules allow for news trading and scalping, provided it complies with their guidelines against ultra-short-term trades targeting only 1-2 ticks within 20 seconds. This policy balances flexibility with effective risk management. Such trades are discouraged as they are unsustainable for long-term profitability; high commission costs make this approach impractical and unprofitable for most traders, reinforcing the importance of employing smarter, more strategic trading methods.

Payouts: NexGen emphasizes prompt and scalable payouts, with profit splits at 90%. Thresholds for withdrawal are reasonable, allowing traders to access earnings without long wait periods.

Ease of Payout: With a clear focus on streamlined processes, NexGen’s payout systems cater to consistent day traders who want to build a long-term funding relationship, making it accessible to a broad audience of traders.


3. Tick Tick Trader

Products: TickTickTrader provides evaluation programs and instant funding options, with account sizes between $100,000 and $250,000 for instant funding. They support multiple trading platforms, including Tradovate, ProjectX, and integrations with TradingView and NinjaTrader, ensuring traders have access to advanced tools.

Rules: Their rules allow news trading, dollar-cost averaging, and micro-scalping (except during a 5-minute market open/close window). All new instant-funded accounts feature end-of-day drawdown rules, simplifying risk management. Copy trading is permitted, giving traders an edge to scale profits​

Payouts: TickTickTrader offers a 90/10 profit split, with payouts possible in as few as five trading days. The minimum withdrawal is $250, and traders can withdraw from their buffer funds, enhancing flexibility​

Ease of Payout: Quick and efficient payouts make TickTickTrader a top choice for traders looking to maximize their returns with minimal delays.


4. Purdia Capital

Products: Purdia stands out for its live model that focuses on traders getting to live funding over sim trading very quickly. Their evaluations emphasize consistent performance and adaptability while their instant funding options remain focused on getting traders to live trading on the exchanges.

Rules: Purdia’s trading rules focus on tight drawdowns and defined profit margins. While stringent, their guidelines are designed to ensure disciplined and long-term profitability. Traders are allowed to use diverse strategies, appealing to various trading styles.

Payouts: Competitive profit-sharing models start at 70/30 or 90/10 and could improve with performance. Bonus incentives are offered periodically for exceptional results, making payouts more attractive.

Ease of Payout: While the evaluation process may feel rigorous, Purdia ensures smooth payouts once milestones are achieved. Their supportive environment helps traders transition seamlessly to live accounts and daily withdrawals for their traders.


5. Take Profit Trader

Products: Take Profit Trader provides traders with two main account types: Test Accounts (for evaluation) and PRO/PRO+ Accounts (funded accounts). Test accounts are the entry point for traders aiming to qualify for funded trading. Account sizes range from $50,000 to $150,000, catering to different risk tolerances. After passing the evaluation, traders move to a PRO account, with the option to transition to a PRO+ account by earning at least $5,000 in the PRO phase

Rules: Take Profit Trader allows flexible strategies, including scalping and dollar-cost-averaging. However, some restrictions apply, such as avoiding specific ultra-short-term trades and respecting drawdown limits. Traders are permitted to manage multiple accounts (up to five PRO/PRO+ accounts simultaneously).

Payouts: PRO account payouts start at an 80/20 profit split, with eligibility to withdraw profits after exceeding the drawdown “buffer zone.” The buffer represents the maximum permissible loss, and profits inside this buffer are subject to additional rules. PRO+ accounts enhance benefits with a 90/10 split, no daily loss limit, and direct live exchange routing

Ease of Payout: Take Profit Trader emphasizes efficient withdrawals, with payouts starting as soon as traders qualify. The buffer system ensures long-term account stability while offering clear paths to withdraw accrued profits. Payout thresholds are low, and processing is streamlined through ACH, wire transfer, or PayPal options. They remain one. of the fastest funding firms to date.


6. Profitrader Funding

Products: Profit Trader Funding offers an impressive array of plans designed to cater to both aspiring and seasoned traders. These include evaluation accounts ranging from $25,000 to $150,000 and direct funding accounts with no evaluation phase required. The evaluation accounts feature two drawdown options—Trailing Drawdown and End-of-Day (EOD) Drawdown—allowing traders to select what suits their style. Evaluation pricing starts at $145 for the $25K account and goes up to $295 for the $150K account. Direct accounts begin at $329 for $25K and $649 for $50K before discounts.

Rules: Profit Trader Funding is highly flexible, permitting diverse strategies such as scalping, news trading, and swing trading. The drawdown rules differ based on account types, with EOD drawdowns allowing greater flexibility in trade execution. Additionally, there is no minimum trading days requirement during the evaluation phase, letting traders progress at their own pace. Daily loss limits vary by account type, ensuring disciplined trading, e.g., $500 for the $25K account and $4,000 for the $150K account

Payouts: Traders enjoy a 90/10 profit split, among the best in the industry. Payouts can be requested after meeting certain profit targets, and direct accounts bypass the evaluation phase altogether for quicker access to earnings. The firm facilitates timely withdrawals with no recurring monthly fees for active accounts, simplifying the process and reducing friction

Ease of Payout: Profit Trader Funding’s systems are optimized for user convenience. With up to 23 accounts allowed per trader and integrated trade copying tools, scaling earnings is straightforward. The absence of restrictive consistency rules for some accounts further enhances the payout process, making it ideal for both cautious and aggressive trading styles


7. Apex Trader Funding

Products: Apex Trader Funding offers an extensive range of futures trading accounts through a one-step evaluation process. Traders can choose from accounts ranging from $25,000 to $300,000 in virtual buying power. Notably, Apex allows up to 20 funded accounts per trader, offering unmatched scalability for those looking to diversify strategies or amplify profits. Evaluation rules require consistency, with flexibility for various trading styles, including scalping and swing trading​

Rules: Apex emphasizes disciplined trading through consistent practices and adherence to drawdown rules. Accounts have trailing drawdowns, which stop moving once traders reach the starting balance plus $100. The firm enforces strict guidelines to ensure risk management, including the use of stop-loss strategies and adherence to a 5:1 risk-to-reward ratio. Traders must also demonstrate profitability over eight trading days for payouts in a funded account​. Additionally, prohibited practices, such as placing bracket orders without directional bias, ensure compliance with professional trading standards

Payouts: Apex features a profit split starting at 100% on the first $25,000 per account, scaling back down to 90/10 for traders who have created enormous profits. The payout process is streamlined, with a minimum withdrawal threshold of $500 and maximum payout limits during the first five payout periods based on account size. After the sixth payout, these limits are removed, enabling larger withdrawals as long as safety net thresholds are met​. The first three payouts also include a safety net requirement to ensure stability​

Ease of Payout: The firm simplifies payouts by requiring eight trading days between requests, which helps maintain order and fairness. Their structured payout approach, combined with clear and detailed rules, caters to traders seeking efficiency and transparency. Apex’s robust risk management policies and high-frequency trading support make it a top choice for disciplined traders​.


8. Topstep

Products: Topstep offers a range of trading opportunities for futures traders through its signature Trading Combine and Express Funded Accounts. Traders can progress from evaluations to live trading environments. With up to five active Express Funded Accounts at once, traders can scale their strategies and manage different account sizes, such as $50,000 and $150,000 accounts, providing up to $750,000 in combined buying power. The platform also incorporates a scaling plan to increase position size as profits grow, enhancing flexibility for skillful traders​

Rules: Topstep emphasizes risk management and disciplined trading. In the Trading Combine and Express Funded Account phases, traders adhere to a scaling plan, avoiding the maximum loss limit and daily drawdowns. While daily loss limits are eliminated on Topstep’s native platform (TopstepX), they remain for platforms like NinjaTrader and Tradovate. Express Funded Accounts require five trading days with $200+ profits to qualify for payouts, and violations of rules cannot be reset​

Payouts: Topstep provides a transparent payout structure starting from the Express Funded Account phase. Traders can request payouts across multiple accounts, and balances from Express Funded Accounts are consolidated into a Live Funded Account if promoted. Payout timelines and rules ensure smooth withdrawals while maintaining high standards for funded traders​

Ease of Payout: With clear guidelines and no profit targets in funded accounts, Topstep simplifies the payout process. However, Express Funded Accounts maintains a rule-based structure, and compliance is essential for long-term success. This makes Topstep an accessible yet disciplined choice for traders seeking consistency and growth​


9. BluSky Trading Company

Products: BluSky offers a diverse range of funded trading programs for futures traders. Their dynamic evaluations are designed for progression, with options such as the Advanced ($25,000), Premium ($50,000), and Premium+ ($100,000) accounts. These accounts allow traders to scale up significantly, supporting maximum contract sizes of 14 minis or 140 micros. Each dynamic evaluation includes valuable resources like free NinjaTrader licenses and 50% discounts on TraderVue analytics, promoting effective strategy tracking.

In addition, BluSky provides static evaluations, offering traders the benefit of fixed drawdown limits. This format is ideal for those seeking less pressure from fluctuating equity thresholds, emphasizing long-term risk management. Both evaluation types focus on realistic profit goals, and traders can extend their preparation through flexible renewal options. With these diverse programs, BluSky ensures a customizable and scalable trading experience for various trading styles and levels of expertise.

Rules: BluSky emphasizes flexibility with transparent trading guidelines. Evaluations require traders to meet specific profit and drawdown thresholds but do not enforce minimum trading days, offering flexibility to move at their own pace. Once funded, traders can employ diverse strategies, including news trading and dollar-cost averaging, as long as they maintain a static minimum balance and adhere to trailing drawdown limits. For funded accounts, there are no consistency or day-trading rules, which appeals to experienced traders​ ready to capitalize and size up when the opportunity presents itself.

Payouts: BluSky prioritizes trader earnings with consistent and straightforward payouts. Withdrawals can be requested daily, with a low minimum of $250 and initial maximum payouts ranging from $300 to $600 depending on account size. They support swift payouts for profitable trading days, with zero activation fees during transitions to their brokerage system. The process emphasizes rewarding disciplined, profitable trading​

Ease of Payout: BluSky’s trader-focused approach ensures smooth withdrawals, with all funded traders benefiting from tailored risk management options and 1-on-1 coaching for ongoing support. Their user-friendly platform also offers free access to professional trading rooms, coaching, and a supportive Discord community to enhance trader success


10. Bluenox

Products: BlueNox provides a range of funded trading programs focusing on forex and futures markets, offering both static and dynamic evaluation paths. Their evaluations are suitable for traders of varying skill levels, from beginners to more seasoned professionals. Accounts range from $10,000 to $250,000, with different levels of capital designed to meet traders’ needs for scalability. For instance, traders can access accounts with increasing leverage as they demonstrate consistent performance​

Each account type comes with a choice of either trailing or end-of-day (EOD) drawdown rules, allowing traders to select the structure that aligns with their risk tolerance and trading style​

In addition, BlueNox also provides several tools such as NinjaTrader 8 access, and educational resources, ensuring traders have the necessary tools and support to succeed. Their evaluation process is designed to ensure realistic profit targets while allowing traders to demonstrate skill through flexible scaling​

Rules: BlueNox enforces conservative trading rules designed to promote longevity and risk management. Traders must adhere to a clearly defined daily loss limit, and their evaluation accounts are set up to manage risk effectively through both trailing and end-of-day drawdown limits. This flexible structure allows traders to decide which risk model best fits their approach, offering more control over their trading activities​

The firm requires traders to meet specific profit goals, but it also emphasizes discipline and consistency rather than short-term performance spikes. This balanced approach encourages steady growth and sustainability in the trading process​

Payouts: BlueNox offers a profit-sharing structure that initially includes capped withdrawals. As traders prove their consistency and profitability, these withdrawal caps are removed, allowing for uncapped withdrawals. This system incentivizes traders to maintain a disciplined approach to their trading while ensuring that they can progressively access more capital as they grow their account balances. The payout model is designed to reward long-term profitability, making it an appealing choice for traders who want a structured yet flexible path to consistent earnings​

Ease of Payout: While initial engagement with BlueNox may require some patience due to the need to meet certain criteria, the payout process is ultimately streamlined. Once the withdrawal caps are lifted, the firm provides a reliable system for traders to access their earnings. BlueNox’s approach to payouts is particularly favorable for long-term traders, offering a transparent and supportive environment for those looking to scale their trading accounts over time​

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