Funded Options Accounts: 10 Top Prop Firms for Options Traders

Funded options trading accounts let you trade with firm capital instead of risking your own money. You pass an evaluation to prove your trading skills, and once funded, you typically keep 60% to 95% of the profits. Evaluation fees start as low as $32.50, and some firms provide up to $4 million in buying power. Rules like drawdown limits and profit splits vary across firms, so picking the right one is key.

Here are 10 top proprietary trading firms for options traders:

• Elite Trader Funding: Flexible evaluations, profit splits up to 90%, and options on futures.
• Funded Trading Plus: Scalable accounts up to $5.5M, 80%-100% profit splits, and no evaluation deadlines.
• The Funded Trader: Low entry fees, profit splits up to 95%, and evolving options support.
• BluSky Trading: Trailing/static drawdowns, quick evaluations, and 90% profit splits.
• FTMO: Trusted firm with 90% profit splits and beta options trading.
• Lux Trading Firm: Scales accounts to $10M, 80% profit splits, and supports IBKR options.
• Maverick Trading: Education-focused, 65%-90% profit splits, and no deadlines.
• Savius LLC: Dual funding paths, fixed salaries for advanced traders, and options on futures.
• Topstep (pilot): 100% profit on first $10K, then 90%, and testing options funding.
• T3 Trading Group: SEC-registered, scalable capital, and professional evaluation.

Quick Comparison

Firm	Max Funding	Profit Split	Evaluation Type	Options Features
Elite Trader Funding	Up to $300,000	80%-90%	Challenge-based	Options on futures
Funded Trading Plus	Up to $5.5M	80%-100%	Flexible models	Multi-asset options support
The Funded Trader	Up to $2.5M	80%-95%	Challenge-based	Limited options support
BluSky Trading	Up to $300,000	80%-90%	Challenge-based	Dedicated options accounts
FTMO	Up to $400,000	90%	Standard evaluation	Beta options trading (limited)
Lux Trading Firm	Up to $10M	80%	1-step evaluation	IBKR platform for options
Maverick Trading	Up to $800,000	65%-90%	Professional consultation	Focus on education and options
Savius LLC	Up to $1.5M	80%-90%	Dual funding paths	Options on futures and spreads
Topstep (pilot)	Up to $150,000	100% on first $10K	1-step evaluation	Testing options funding
T3 Trading Group	Scalable	Negotiable	Licenses required	Advanced equity options strategies

Each firm has unique strengths, so choose based on your trading style, profit goals, and supported instruments.

Top 10 Prop Firms for Options Traders: Funding, Profit Splits & Features Comparison

1. Elite Trader Funding

Elite Trader Funding, a futures-focused proprietary trading firm established in 2022, has already distributed over $10 million to more than 53,000 traders. The firm offers access to 76 futures contracts, including options on futures tied to equity indices, currencies, and commodities, all available on leading U.S. exchanges. It currently holds a Trustpilot rating of 3.8 out of 5, based on nearly 1,000 reviews.

Funding Capital Limits

Traders can choose accounts ranging from $10,000 to $300,000. For evaluations purchased on or after September 17, 2025, traders are allowed up to five active Elite Sim-Funded accounts. In contrast, accounts bought before that date retain a grandfathered limit of 20 active accounts. Lifetime SIM-funded profits are capped at $150,000.

Profit Split Percentages

Elite Trader Funding offers an appealing profit-sharing structure. Traders keep 100% of their first $12,500 in profits. After that, they receive 90% of any earnings beyond this threshold. Once traders achieve "Live Elite" status, they can request daily payouts. However, no single trading day can account for more than 40% of total profits, and an "Active Trading Day" must represent at least 23% of the best day's profit.

Evaluation Process Flexibility

The firm provides six evaluation models to suit a variety of trading approaches: 1-Step, EOD Drawdown, Static Drawdown, Fast Track, Diamond Hands, and Direct to Funded. Evaluations require a minimum of five trading days, but there’s no maximum time limit to complete them. The "Diamond Hands" evaluation stands out for its support of swing and options-focused strategies, allowing traders to hold positions overnight or through the weekend - something not commonly offered by other firms. Fees start at $80 for a $25,000 account.

"I love the static drawdown that they offer it has made me be more consistent since it is the same as in a real brokerage account, whatever profits you win."
– Carles, Funded Trader

"I love the static drawdown that they offer it has made me be more consistent since it is the same as in a real brokerage account, whatever profits you win."
– Carles, Funded Trader

With its flexible structure and trader-friendly options, Elite Trader Funding lays a strong foundation for those looking to maximize their trading opportunities.

2. Funded Trading Plus

Funded Trading Plus offers a unique edge with its support for the DXtrade platform, which includes options trading capabilities tailored for U.S.-based traders. The company boasts an impressive 4.9/5 rating on Trustpilot, backed by over 25,000 reviews, with 91% of users awarding it five stars. With a focus on trader flexibility, the platform provides starting capital ranging from $25,000 to $2,500,000, and accounts can scale up to a maximum of $5,500,000. Funded Trading Plus sets itself apart by emphasizing quick scaling and adaptable options strategies.

Funding Capital Limits

Funded Trading Plus offers traders the ability to scale their accounts significantly. Starting capital ranges from $25,000 to $2,500,000 under the Advanced Trader Program. Scaling occurs once traders achieve a 20% profit target on their upgraded simulated live accounts. Withdrawals begin at a minimum of $50, which is available as soon as traders start making profits.

Profit Split Percentages

Traders start by keeping 80% of their profits. Once they hit a 20% profit milestone, the split increases to 90%. At 30% total profit, traders retain 100% of their earnings. Additionally, the evaluation fee is fully refundable when a trader reaches a 10% profit on their funded account. After the first withdrawal, traders can request payouts every seven days.

Options-Focused Features

Funded Trading Plus removes the stress of strict evaluation deadlines, making it easier for traders to execute complex options strategies. Traders can choose from several paths, including a one-phase "Experienced" challenge, a two-phase "Advanced" program, or the "Master" instant funding option, which skips the evaluation process entirely. However, for most programs, all trades must close by 4:30 PM EST on Fridays to avoid weekend holding. To keep accounts active, traders need to place at least one trade every 30 days.

Evaluation Process Flexibility

The two-phase evaluation process includes a 10% profit target in Phase 1 and a 5% target in Phase 2. Traders must also adhere to a 10% relative trailing maximum drawdown and a 5% daily drawdown limit. There are no minimum trading day requirements, allowing active traders to secure funding faster. For those who prefer a fixed risk model, the "Prestige" programs offer static drawdown options. Additionally, all programs permit news trading, and the Premium Trader program allows weekend holding, making it ideal for swing traders.

3. The Funded Trader

Since its debut in 2021, The Funded Trader has gained attention by paying out over $50 million to traders and supporting more than 60,000 active users across 180 countries. While it initially focused on CFDs, the platform is now branching out to include funded options trading accounts. It primarily caters to Forex, commodities, indices, and cryptocurrencies through simulated CFD trading. Analysts gave it a 4.3/5 rating in February 2026, with users appreciating its budget-friendly entry points and flexible rules. This shift toward options trading reflects a growing trend among proprietary trading firms.

Funding Capital Limits

Traders on The Funded Trader can manage up to $600,000 in active simulated funded accounts. Consistent performance can unlock scaling opportunities, increasing account sizes to as much as $1,500,000. Through the Knight Pro Challenge, traders can further boost their allocation potential to $2,500,000. Additionally, members can hold up to $1.2 million in virtual starting balances. Entry-level challenges begin at just $65 for a $5,000 account, while a $200,000 account is priced at approximately $949. These options make it accessible for traders aiming to explore options funding.

Profit Split Percentages

Profit-sharing is one of the platform’s standout features. Traders start with an 80% profit split and can increase this to 90% through consistent performance. The VIP program pushes the split even further, up to 95%, offering some of the most generous terms in the industry. Payouts are quick - traders can request their first withdrawal within 7–14 days, and subsequent payouts are processed in just 2–3 business days.

Evaluation Process Flexibility

The Funded Trader provides a range of evaluation options to suit different trading styles and budgets. Traders can choose from one-, two-, or three-step challenges. The Knight Pro Challenge simplifies the process with a single-phase evaluation, enabling anytime payouts and allowing news trading. For those using automated strategies, the Royal Challenge supports Expert Advisors (EAs) and permits weekend holding. Most challenges come with unlimited trading days, reducing the stress of strict deadlines while requiring profit targets of 8% to 10% in Phase 1. The Dragon Challenge, with its three-phase structure, offers a cost-effective entry point for traders looking to minimize upfront expenses.

4. BluSky Trading

BluSky Trading, originally focused on futures, has expanded its offerings to include equities and options under its "Stocks" category. This move caters primarily to traders on CME, CBOT, NYMEX, and COMEX, reflecting the rising interest in funded options trading accounts. In 2025, the company paid out $1,907,462 and holds an impressive 4.6/5 rating on Lune Trading. Some traders even achieve their first withdrawal within just 9 days. Below is a breakdown of BluSky Trading's funding structures and profit-sharing terms.

Funding Capital Limits

BluSky Trading provides evaluation accounts ranging from $25,000 to $300,000, allowing traders to manage up to five evaluation or "BluLive" accounts at the same time. Once you pass the evaluation, you can hold up to two simulated funded or live brokerage accounts. During the "BluLive" phase, Premium plan users can build a profit buffer of up to $3,500, which becomes their drawdown allowance in the funded stage. Pricing starts at $49/month for a $50,000 Launch plan, while a $25,000 Premium evaluation costs $151/month.

Profit Split Percentages

The standard programs offer a generous 90/10 profit split in favor of traders. For those opting for the "Direct 2 Funded" instant funding option, the split starts at 50/50 for the first 30 days and then shifts to 80/20. Payouts are processed daily, Monday through Friday, with same-day ACH transfers available for withdrawal requests submitted before 11:00 AM EST. The minimum withdrawal amount is $250, and there’s no activation fee when transitioning from an evaluation to a funded account.

Evaluation Process Flexibility

Traders can complete their evaluation in as little as 4–8 trading days, with the option to renew their 30-day subscription if more time is needed. BluSky offers two evaluation types: "Premium Evaluations" with an end-of-day trailing drawdown or "Static Evaluations" featuring a fixed drawdown for simpler risk management. News trading is allowed, and the 30% consistency rule adjusts profit targets on exceptionally profitable days instead of penalizing traders. Manual resets cost $65 to $85, but a free reset is included with subscription renewals when applicable.

"It's hard to find a company that provides a real funded account that doesn't require a bunch of hoops to jump through and complicated steps and restrictions. The rules are as simple as they get." - Killa Gorilla, Trustpilot User

"It's hard to find a company that provides a real funded account that doesn't require a bunch of hoops to jump through and complicated steps and restrictions. The rules are as simple as they get." - Killa Gorilla, Trustpilot User

5. FTMO (limited)

FTMO, a well-known name in forex and CFD trading, provides a limited program for simulated CFD trading on indices and commodities, even though its main focus remains on CFDs. With over 3.5 million customers across 140+ countries and more than $500 million paid out in rewards, FTMO has built a strong reputation. It boasts an impressive 4.8/5 rating on Trustpilot from 39,138 reviews and was named the "Most Trusted Prop Firm" by Prop Firm Stats in 2025 [33, 48, 49]. These stats highlight why FTMO stands out, but let’s dive deeper into its account offerings and evaluation process.

Funding Capital Limits

FTMO offers account sizes ranging from $10,000 to $200,000, with the potential to scale up to $400,000 for consistently profitable traders. Accounts can grow by 25% every four months, rewarding steady performance. Pricing starts at €89 (around $95) for a $10,000 account and goes up to €1,080 (about $1,150) for a $200,000 account. The initial fee is refundable after the trader makes their first withdrawal [46, 47, 49].

Profit Split Percentages

FTMO provides traders with a generous 90% share of profits on their simulated earnings. Participants can choose between two evaluation paths: a 2-Step Challenge (requiring a 10% profit target in the first phase and 5% in the second) or a simplified 1-Step Challenge with a single 10% profit target. Importantly, FTMO has removed time limits for completing these phases, giving traders the freedom to meet their targets at their own pace [47, 48].

Evaluation Process Flexibility

FTMO supports multiple trading platforms, including DXtrade, MT4, MT5, and cTrader, ensuring traders can use the tools they’re most comfortable with. For those with a longer-term trading style, the Swing account type allows positions to be held overnight or over weekends without restrictions. Additionally, the 1-Step Challenge permits trading during macroeconomic news releases, offering even more flexibility [48, 49].

"1-Step FTMO Challenge can take you to your FTMO Account in a single step. It evaluates your trading approach through transparent Trading Objectives designed to confirm consistency and risk control." – FTMO

"1-Step FTMO Challenge can take you to your FTMO Account in a single step. It evaluates your trading approach through transparent Trading Objectives designed to confirm consistency and risk control." – FTMO

6. Lux Trading Firm

Lux Trading Firm stands out for its diverse asset offerings and clear pathway to funded options trading accounts. With institutional-grade execution and access to multiple asset classes, it provides opportunities for traders to grow their capital significantly - up to $10,000,000. While the firm is widely known for funding in areas like Forex, Indices, Metals, Energy, Single Stock CFDs, and Cryptocurrencies, it also supports options trading through IBKR. Lux Trading Firm holds a Trustpilot rating of 4.1/5 from 406 reviews and was awarded "Best A-Book Prop Firm 2025" at the Funded Trading Awards. It maintains a focus on straightforward evaluation and scaling processes, making it an attractive option for traders looking to secure funded accounts.

Funding Capital Limits

Lux offers three evaluation account sizes to suit different trading levels:

• $100,000 account: $260 fee
• $400,000 account: $585 fee
• $1,000,000 account: $1,300 fee

The best part? These fees are fully refundable after completing Stage One. Scaling works incrementally - starting with a $100,000 account, traders can grow their funding to $200,000, then $400,000, $1,000,000, $2,500,000, and eventually reach the $10,000,000 "Fund Manager" level once they hit a 10% profit target at each stage. For those who prefer skipping evaluations, INSTA accounts provide immediate profit-sharing access, though these accounts do not scale.

Profit Split and Risk Management

Traders enjoy an 80% profit split on funded accounts, which is a competitive rate. The firm uses a 6% static drawdown rule, meaning the maximum allowable loss is capped at 6% of the original balance, regardless of account growth. There are no restrictions on trading days during evaluations, and withdrawals can be made anytime the account is profitable, as long as all positions are closed.

Evaluation Process Flexibility

Lux makes the funding process simple with its 1-Step Evaluation. Traders complete a single demo account test by reaching the profit target while adhering to risk rules. The platform supports trading via MT5 and its proprietary Lux Trader platform, which integrates TradingView tools. A critical rule to remember: stop-loss orders must be placed before entering any trade, and failing to do so violates the guidelines.

Traders can also manage up to 10 evaluation accounts simultaneously and use trade mirroring tools to experiment with different strategies. This flexibility allows for creative approaches to trading and testing.

"At Lux Trading, every evaluation account follows a 1-Step Evaluation. You complete a single trading evaluation by reaching the profit target on a demo account while staying within risk limits." – Lux Trading Firm

"At Lux Trading, every evaluation account follows a 1-Step Evaluation. You complete a single trading evaluation by reaching the profit target on a demo account while staying within risk limits." – Lux Trading Firm

Lux Trading Firm combines simplicity, flexibility, and a clear scaling structure, making it a solid choice for traders aiming to grow their funded trading accounts.

7. Maverick Trading

Founded in 1997, Maverick Trading focuses on funded options trading, emphasizing skill-building and disciplined capital management. The firm prioritizes education through its structured Qualification Program, designed to develop real-world trading expertise. Traders are supported by assigned risk managers and receive specialized training in areas like portfolio hedging, Greeks, position sizing, and multi-leg strategies. With a Trustpilot score of 4.4/5 and an average rating of 4.3/5 on various trading blogs, Maverick Trading is well-regarded for fostering a supportive environment. Traders benefit from daily market recap videos and access to a network of seasoned professionals.

Funding Capital Limits

Maverick Trading uses a tiered capital scaling system. New traders, starting at the Associate level, are allocated $25,000 to $40,000 in firm capital. As traders advance to Master Trader levels (3-4), allocations increase to $75,000–$100,000. Elite Traders (Levels 5-6) can access up to $800,000 in trading capital. Progression through these tiers depends on consistent performance and maintaining low drawdowns, rather than chasing short-term profits. The typical timeline to move from the qualification program to live trading is 3 to 6 months.

To join, traders pay a one-time lifetime membership fee of $7,000, a $5,000 risk capital deposit, and a monthly base fee of $199. Membership includes access to proprietary option pricing software and advanced charting tools.

Profit Split Percentages

Maverick Trading offers traders a profit split ranging from 65% to 90%, with payouts typically made monthly via ACH. Since traders operate as independent contractors, the firm provides 1099-MISC forms for tax purposes. This profit-sharing model ensures that Maverick’s success is closely linked to the success of its traders.

Options-Focused Features

Traders are required to create and adhere to a personalized, rule-based trading plan that aligns with their individual style. This, combined with comprehensive risk management oversight, helps traders refine their strategies while maintaining control over their positions. The structured program transitions smoothly into an extended evaluation phase, ensuring traders are fully prepared for live trading.

Evaluation Process Flexibility

Maverick’s Qualification Program offers unlimited trading days, allowing participants to advance at their own pace without the stress of strict deadlines. The program is broken into four key stages: Application, Program Completion (including simulators, tests, and strategy courses), Demonstration of Success (executing a trading plan and managing risk), and Live Trading. This flexible structure accommodates both beginners and experienced traders. Daily recap videos and regular feedback from risk managers further enhance the learning process, helping traders fine-tune their strategies before moving to live trading.

8. Savius LLC

Savius LLC, established in 2014, specializes in derivatives trading, focusing on options on futures, spreads, and seasonal strategies. Since its inception, the firm has distributed over $25 million to more than 5,000 traders and boasts an impressive Trustpilot rating of 4.5/5 from 138 verified reviews. What sets Savius apart is its career ladder, offering fixed monthly salaries between $1,000 and $2,000 for traders who achieve advanced levels. The company operates in regulated futures markets, like the CME, ensuring a stable environment for options trading.

Savius stands out in the trading world with its dual-path funding system, specifically tailored for options traders.

Funding Capital Limits

Savius offers two distinct funding options. The Instant Funded model provides account sizes ranging from $25,000 to $300,000. Pricing starts at $239 for the $25,000 Raptor account and goes up to $939 for the $300,000 Thunderbolt account. Traders can manage up to five accounts simultaneously, with a combined funding cap of $1.5 million.

On the other hand, the Limitless Pro program operates differently. Instead of preset virtual account sizes, it uses a $4,000 drawdown limit. After successfully completing three payout cycles, accounts transition to a live phase where profit targets are eliminated entirely.

Profit Split Percentages

Profit-sharing depends on the chosen funding model. Instant Funded accounts offer splits ranging from 80% to 90%, with the highest percentage available during the initial demo phase. The Limitless Pro program provides a consistent 80% split. Payouts are processed quickly, allowing traders to withdraw profits exceeding the initial capital without delays. All traders are classified as independent contractors and receive proper tax documentation.

Options-Focused Features

Savius caters specifically to options traders with features like overnight and weekend position allowances in the Limitless Pro program. Combined with the career ladder, this approach sets Savius apart from firms that rely solely on evaluation-based models. The firm’s focus extends to derivatives trading, including options on futures and standard futures contracts.

Another appealing feature is the refund of evaluation fees for Limitless Pro traders who reach the live brokerage account stage. Meanwhile, the Instant Funded model allows experienced traders to earn payouts of up to $22,500 in as little as 10 days, bypassing any challenge phase.

Evaluation Process Flexibility

Savius offers flexibility through its dual-path system. The Instant Funded model skips the evaluation phase entirely, granting immediate access to capital. For traders seeking a more structured path, the Limitless Pro program includes a two-step evaluation process with a $6,000 profit target and a $4,000 drawdown limit. This program also supports long-term growth, enabling traders to earn fixed monthly salaries while maintaining their profit splits.

9. Topstep (pilot)

Topstep, established in 2012, is a well-known futures proprietary trading firm with over $300 million paid out to traders. Traditionally, the firm has focused on regulated CME products like ES, NQ, CL, and GC. However, it’s now exploring options funding through select pilot programs. Recently, all new accounts have been shifted to the firm’s proprietary TopstepX platform, where traders have achieved pass rates that are about 86% higher compared to third-party platforms.

Funding Capital Limits

Topstep’s Trading Combine evaluation offers three account tiers, each with different profit targets and monthly fees:

• $50,000 Account: Costs $49 per month, includes a $3,000 profit target, and allows up to 5 contracts.
• $100,000 Account: Priced at $99 per month, has a $6,000 profit target, and permits a maximum of 10 contracts.
• $150,000 Account: Costs $149 per month, features a $9,000 profit target, and supports up to 15 contracts.

Once traders pass the evaluation, they pay a one-time $149 activation fee to access an Express Funded Account. From there, successful traders can scale up to a starting balance of $150,000.

Profit Split Percentages

Topstep’s profit-sharing structure is straightforward. Traders keep 100% of the first $10,000 in profits. Beyond that, the split adjusts to 90/10, with 90% going to the trader. To qualify for payouts, traders must complete five winning days, each with at least $200 in net profit.

Evaluation Process Flexibility

Topstep’s Trading Combine uses a one-step evaluation process with no time restrictions, allowing traders to move at their own pace. However, the "Consistency Target" rule ensures no single trading day contributes more than 50% of the total profit target. On the TopstepX platform, traders can also set their Personal Daily Loss Limit, tailoring risk management to their comfort level.

If a trader violates any rules, they can reset their evaluation immediately by paying a fee equal to their monthly subscription (e.g., $49 for the $50K account). Additionally, the Back2Funded program offers reactivation within seven days of a rule breach, with fees ranging from $599 to $829, depending on the account size.

This pilot initiative highlights Topstep’s experimental move into options funding, hinting at potential developments in the funded trading landscape.

10. T3 Trading Group

T3 Trading Group stands out in the funded options trading space as an SEC-registered broker-dealer and a member of FINRA/SIPC. With over a decade of experience, the firm provides a professional trading environment, offering traders access to firm capital once they meet regulatory requirements. T3 also delivers direct remote access to exchanges, ECNs, and dark pools with ultra-low latency, ensuring a seamless trading experience.

Funding Capital Limits

T3 operates differently from firms with rigid account sizes. Instead, it offers scalable buying power based on a trader's performance and risk management approval. Most traders start by making a "first loss" capital contribution to open their accounts. Successful traders can benefit from increased buying power without facing capital limitations. Additionally, for those with a solid, profitable track record, T3 may offer full funding without requiring an initial capital contribution.

Profit Split Percentages

Profit-sharing at T3 is not one-size-fits-all. Instead of fixed percentages, the firm negotiates commission and capital structures during an initial consultation. These payout structures are described as "competitive" and are tailored based on factors like trading volume, strategy, and individual agreements. This customized approach ensures that capital allocation aligns with each trader's performance and goals.

Options-Focused Features

T3 supports a wide range of equity options trading strategies, from basic speculation to advanced multi-leg spreads for hedging purposes. The firm utilizes Dash Technologies for efficient order routing across multiple venues. Traders also benefit from access to Virtual Trading Floors® and training programs via T3 Live. Support is available for 15 hours daily, spanning from 4:00 AM to 7:00 PM, ensuring traders have the resources they need throughout the trading day.

Evaluation Process Flexibility

Unlike firms that rely on challenge-based evaluations, T3 requires traders to hold active SIE and Series 57 licenses to access firm capital. To support this, T3 sponsors qualified candidates for these exams. Instead of a demo account challenge, the firm conducts a professional consultation and background check, offering a more streamlined and professional evaluation process.

Firm Comparison Table

Selecting the right funded options trading account depends on your trading style, experience level, and financial goals. The table below provides a quick comparison of key features across various firms, including maximum funding, profit splits, evaluation methods, and options-specific features.

Firm	Max Funding	Profit Split	Evaluation Type	Options Features
Elite Trader Funding	Up to $300,000	80–90%	Challenge-based	Options funding alongside futures
Funded Trading Plus	Up to $200,000 initially; scales to $2.5 million*	80–100%	Flexible evaluation models	Multi-asset support including options
The Funded Trader	Varies	80–90%	Challenge-based	Primarily futures/forex with evolving options
BluSky Trading	Varies	80–90%	Challenge-based	Dedicated funded options accounts
FTMO	Up to $200,000	80–90%	Standard evaluation	Beta options trading tests (limited availability)
Lux Trading Firm	Varies	75–85%	Challenge-based	Multi-asset funding via the IBKR platform
Maverick Trading	Performance-based	Negotiable	Professional consultation	Long-standing options trading specialization
Savius LLC	Performance-based	Negotiable	Application process	Proprietary options desk with firm capital
Topstep (pilot)	Varies	100% on the first $10K, then 90%	Challenge-based (pilot program)	Testing options funding in select cohorts
T3 Trading Group	Scalable buying power	Negotiable	SIE + Series 57 licenses required	SEC-registered, equity options strategies

Topstep and Funded Trading Plus stand out with unique profit structures. Topstep allows traders to retain 100% of their first $10,000 in profits before moving to a 90% split. Funded Trading Plus offers an 80% split initially, with potential scaling as high as 100%. Most other firms maintain profit splits ranging from 75% to 90%.

Evaluation methods vary widely across firms. Challenge-based models are common among firms like Elite Trader Funding, FTMO, and BluSky Trading, with profit targets typically between 5% and 10% and minimum trading periods of 7 to 10 days. T3 Trading Group, however, requires active SIE and Series 57 licenses and evaluates traders through professional consultations instead of demo challenges. Similarly, Maverick Trading uses consultations, while Savius LLC opts for a structured application process.

*Note: Funded Trading Plus offers initial accounts up to $200,000, with the potential to scale up under their program.

Conclusion

Choosing the right funded options trading account depends on how well a firm's structure aligns with your trading style. For those seeking a long-term professional path with mentorship, firms like Maverick Trading or T3 Trading Group offer institutional-level training and support. On the other hand, traders who prefer a performance-based entry model might find Elite Trader Funding or BluSky Trading more appealing with their challenge-based accounts.

Make sure to confirm the types of options each firm supports. For instance, Maverick Trading focuses on equity and index options, including spreads and iron condors, while Topstep funds options on futures. Avoid paying evaluation fees for instruments a firm doesn’t support.

A solid risk management plan is critical. Familiarize yourself with each firm's drawdown policies to ensure you're prepared for their requirements.

"The drawdown is the single biggest reason why traders fail. It's a mechanism to ensure you manage risk tightly." – LiquidityFinder

"The drawdown is the single biggest reason why traders fail. It's a mechanism to ensure you manage risk tightly." – LiquidityFinder

Take advantage of free trials to test platforms, review payout schedules, and watch out for hidden fees. Also, consider scaling opportunities; some firms provide clear paths to grow from $100,000 to $200,000+ with consistent performance. By focusing on these factors, you can identify the firm that aligns with your goals and trading style, setting yourself up for success through steady, disciplined performance.

FAQs

Are funded options trading accounts real money or simulated?

Funded options trading accounts let traders work with real money supplied by proprietary trading firms. Instead of using simulated funds, traders access the firm's capital to trade in live markets. This setup allows them to manage risk while representing the firm's interests.

What drawdown rule matters most for options traders?

The maximum allowable drawdown percentage is a key rule for options traders. It plays a crucial role in managing risk and keeping traders within the firm's set limits. This guideline helps enforce trading discipline while safeguarding both the trader's and the firm's capital.

How do I confirm a prop firm actually supports my options strategy?

Before committing to a prop firm for your options trading strategy, it's crucial to do some homework. Start by carefully reading their official materials and rules to see if options trading is explicitly allowed. Pay close attention to any restrictions they might have on strategies such as spreads or naked options.

If you're unsure, reach out to their support team for clarification about how your specific strategy fits within their framework. Additionally, take a close look at their risk management policies. This can give you a better understanding of whether their guidelines align with the way you plan to trade.

Funded options trading accounts let traders work with real money supplied by proprietary trading firms. Instead of using simulated funds, traders access the firm's capital to trade in live markets. This setup allows them to manage risk while representing the firm's interests.

The maximum allowable drawdown percentage is a key rule for options traders. It plays a crucial role in managing risk and keeping traders within the firm's set limits. This guideline helps enforce trading discipline while safeguarding both the trader's and the firm's capital.

Before committing to a prop firm for your options trading strategy, it's crucial to do some homework. Start by carefully reading their official materials and rules to see if options trading is explicitly allowed. Pay close attention to any restrictions they might have on strategies such as spreads or naked options.

If you're unsure, reach out to their support team for clarification about how your specific strategy fits within their framework. Additionally, take a close look at their risk management policies. This can give you a better understanding of whether their guidelines align with the way you plan to trade.

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