Looking for the best prop firms for Forex trading in 2025? Here’s what you need to know.
Prop trading firms give you access to large capital – up to $4,000,000 – without risking your own money. In return, you share profits (80%-100%) after passing their evaluations. Platforms like MetaTrader 4/5 and cTrader make trading efficient, while flexible programs cater to both beginners and pros.
Here’s a breakdown of the top 9 firms:
- Goat Funded Trader: Offers five programs, 1-step to 3-step challenges, scaling up to $800,000, and 80%-100% profit splits.
- DNA Funded: Affordable challenges starting at $49, with up to $600,000 in funding and 80%-90% profit splits.
- FTMO: Industry leader with $400,000 initial funding, 80%-90% profit splits, and $2,000,000 scaling potential.
- The5ers: Focuses on risk management and scaling up to $4,000,000 with profit splits starting at 50%.
- FundingPips: Flexible payout schedules, instant funding options, and profit splits up to 100%.
- FundedNext: High payouts (up to 95%), no time limits, and scaling up to $4,000,000.
- MyFundedFX (SeacrestFunded): Flexible 1-step to 3-step challenges, profit splits up to 92.75%, and $1.5 million scaling.
- Funded Trading Plus: Five programs with fast payouts, scaling to $5,000,000, and profit splits up to 100%.
- Bullwaves Prime: New firm offering $200,000 accounts, 80%-90% profit splits, and strong risk management rules.
Each firm has unique features like low fees, fast payouts, or high scaling potential.
Quick Comparison
| Prop Firm | Max Initial Funding | Max Scaled Funding | Profit Splits | Key Features |
|---|---|---|---|---|
| Goat Funded Trader | $200,000 | $800,000 | 80%-100% | Multiple programs, fast payouts |
| DNA Funded | $200,000 | $600,000 | 80%-90% | Low fees, flexible evaluations |
| FTMO | $400,000 | $2,000,000 | 80%-90% | Established leader, reliable payouts |
| The5ers | $20,000 | $4,000,000 | 50%-100% | High scaling, risk management focus |
| FundingPips | $100,000 | $2,000,000 | 60%-100% | Instant funding, flexible payouts |
| FundedNext | $300,000 | $4,000,000 | 60%-95% | High payouts, no time limits |
| MyFundedFX | $300,000 | $1,500,000 | 80%-92.75% | VIP benefits, flexible challenges |
| Funded Trading Plus | $200,000 | $5,000,000 | 80%-100% | Fast payouts, no time limits |
| Bullwaves Prime | $200,000 | Not specified | 80%-90% | New firm, strict risk rules |
Choose based on your trading style, budget, and growth goals. Some firms like DNA Funded and Goat Funded Trader are budget-friendly, while others like FTMO and The5ers are ideal for scaling.
Best 5 FX Prop Firms 2025 Review
1. Goat Funded Trader
Goat Funded Trader offers a variety of funding programs designed to cater to traders at different skill levels. With five distinct paths – 1-Step, 2-Step, and 3-Step Evaluation Challenges, Instant Funding options, and the Goat Blitz program – traders can select the structure that best aligns with their trading approach and confidence. Here’s a closer look at what they offer.
Their challenges range from accounts starting at $5,000 up to $200,000, while Instant Funding accounts can go as high as $300,000. Successful traders have the opportunity to scale individual accounts to $800,000 and manage up to $2,000,000 in simulated capital across multiple accounts.
The entry fees are budget-friendly. For instance, the 2-Step Challenge begins at just $17 for a $5,000 account, making it one of the most accessible options. Even for larger accounts, the fees remain competitive – $284 for a $100,000 2-Step Challenge and $432 for a $200,000 3-Step Challenge. Plus, evaluation fees are fully refunded upon successful completion.
Profit Sharing That Rewards Performance
Goat Funded Trader’s profit-sharing structure is designed to reward success, starting at 80% for most programs and climbing to 100% through scaling achievements and optional add-ons. For example, the Instant Standard model offers a tiered profit split ranging from 65% to 95%, depending on performance metrics.
"Profit sharing ranges from 80% up to 100%" – TradingFinder
The scaling program further incentivizes performance, offering profit splits of 90% at Level 1, 92% at Level 3, and 95% at Level 4. They also process payouts within two business days, with a $500 penalty for delays. To date, the firm has paid out over $10 million to traders worldwide, showcasing its dedication to honoring its profit-sharing commitments.
Evaluation Requirements and Trading Conditions
Traders can select challenges that match their risk appetite and trading style. For example:
- The 1-Step Challenge requires a 10% profit target, with a 4% daily drawdown and a 6% maximum drawdown.
- The 2-Step Challenge has more conservative targets: 8% in Phase 1 and 6% in Phase 2, with a daily drawdown of 4% and a maximum drawdown of 10%.
- The 3-Step Challenge maintains a consistent 6% target at each stage, with a 4% daily drawdown and an 8% maximum drawdown.
Unlike many competitors, most challenges have no time limits, giving traders the flexibility to refine their strategies at their own pace. However, all programs require at least three trading days, and traders must achieve a minimum 0.5% net profit per day to qualify for payouts.
| Challenge Type | Targets | Daily Drawdown | Max Drawdown | Leverage |
|---|---|---|---|---|
| 1-Step | 10% | 4% | 6% | Up to 1:30 |
| 2-Step | 8% / 6% | 4% | 10% | Up to 1:100 |
| 3-Step | 6% / 6% / 6% | 4% | 8% | Up to 1:100 |
| Instant Funding | No minimum target | 3% | 6% | Up to 1:100 |
Goat Funded Trader supports popular trading platforms like Tradelocker, MatchTrader, and MetaTrader 5, ensuring traders can operate in familiar environments. Supported trading styles include FX pairs, Expert Advisors (with some restrictions), news trading, and holding positions over the weekend. However, the firm prohibits hedging, high-frequency trading strategies, and Gold Arbitrage EAs.
With a 4.0 out of 5.0 rating on Trustpilot based on 3,150 reviews, Goat Funded Trader has earned praise for its scaling program, platform reliability, responsive customer support, and fast payout processing. These features make it a compelling choice for U.S. Forex traders in 2025, offering a structured and competitive environment for success.
2. DNA Funded
DNA Funded, which entered the scene in late 2024, is backed by the ASIC-regulated DNA Markets broker. Despite being a newcomer, it’s already making waves by offering Forex traders generous funding options paired with flexible evaluation paths.
The company provides four distinct funding programs: Single Helix (1-Step), Double Helix (2-Step), Pro Challenge (Rapid), and Instant Funding. Account sizes range from $5,000 to $200,000, with traders allowed to manage up to $600,000 in total capital. This high capital ceiling is a standout feature in the prop trading world. Below, we’ll dive into its profit-sharing model, evaluation rules, and platform highlights.
DNA Funded’s pricing is another attraction. For example, the Double Helix Challenge starts at just $49 for a $5,000 account, while the $200,000 challenge is priced at $1,079. However, it’s worth noting that evaluation fees are non-refundable.
Profit Sharing and Payout Structure
DNA Funded doesn’t just keep costs low – it also offers an appealing profit-sharing setup. Traders start with an 80% profit split, which can be bumped up to 90% with the optional "Profit Split Boost" add-on. Payouts are processed every 14 days by default, but traders who want faster access to their earnings can opt for weekly payouts using the Early Payout Booster.
"A great choice for beginners, offering a low $49 entry fee, flexible evaluations, and profit splits of up to 90%" – Jacob Denbrock, CCO, LuxAlgo
The firm does impose some profit limitations early on. For the first three payouts, traders face a 5% profit cap based on their initial account size. Additionally, a 40% daily profit cap applies during the funded phase, meaning traders can only earn up to 40% of their payout target in a single day. On the plus side, there are no withdrawal fees, and early reviews praise the seamless payout process.
Evaluation Requirements and Trading Rules
DNA Funded’s evaluation process is designed to accommodate different trading styles and risk appetites:
| Challenge Type | Profit Target | Daily Drawdown | Max Drawdown | Time Limit | Leverage (Forex) |
|---|---|---|---|---|---|
| Single Helix (1-Step) | 10% | 5% | 6% | None | 1:30 |
| Double Helix (2-Step) | 10% / 5% | 6% / 5% | 10% | None | 1:50 |
| Pro Challenge (Rapid) | 5% | 4% | 5% | 10 calendar days | 1:30 |
| Instant Funding | N/A | N/A | 4% (Trailing) | None | 1:30 |
A minimum of three trading days is required for all challenges. The Single Helix and Double Helix challenges offer unlimited time, giving traders the freedom to refine their strategies. On the other hand, the Pro Challenge has a tight 10-day window and includes trailing drawdown rules.
DailyForex.com gave DNA Funded a perfect score of 5.0/5 for "Ease of Evaluation Approval", highlighting its trader-friendly policies.
Platform and Technical Features
DNA Funded takes its trading platform seriously, using TradeLocker exclusively. This web-based platform, integrated with TradingView, is available on desktop, Android, and iOS. It offers advanced charting, one-click trade execution, risk management tools, and customizable layouts.
"DNA Funded’s extensive range of markets includes a broad selection of global equities and indices. In an industry that often prioritizes forex and commodities, DNA Funded addresses the needs of stock traders, providing them with unmatched access in the prop trading space." – Noam Korbl, co‑founder of Prop‑Firms.com
Traders can access over 800 instruments, including Forex, commodities, indices, stocks, and cryptocurrencies. Trading fees are straightforward: $5 per non-crypto trade and 0.1% for cryptocurrency trades.
However, there are some limitations. DNA Funded doesn’t support MetaTrader 4 or 5. While algorithmic trading is allowed during evaluations, the platform doesn’t support EA-based strategies or custom indicators. Additionally, high-frequency trading, Martingale strategies, and cross-account hedging are prohibited.
As a new player in the market, DNA Funded is still building its reputation. Current reviews on Myfxbook give it a 4.2 out of 5, while Trustpilot rates it at 3.4 out of 5 based on 18 reviews. Early feedback highlights responsive customer support and reliable payout processing, but traders should remain cautious as the firm continues to establish itself.
3. FTMO
After examining DNA Funded, FTMO stands out as another major player in the Forex prop trading industry. Since its inception in 2015, FTMO has made a mark by distributing over $450 million in trader payouts globally and creating more than 240,000 accounts.
FTMO uses a two-step evaluation process consisting of the FTMO Challenge and Verification stages. These steps take place in a simulated demo environment, where traders work with virtual funds throughout the process.
FTMO provides three account types tailored to different trading preferences: Standard, Aggressive, and Swing. Traders can start with virtual capital ranging from $10,000 to $200,000, with the option to manage up to $400,000 across multiple accounts before entering the scaling phase.
Profit Sharing and Scaling Opportunities
FTMO offers traders an 80% profit share, which can increase to 90% based on performance. Payouts are processed every two weeks or can be requested on demand, as long as at least 14 days have passed since the first trade and the account is in profit. Additionally, the initial challenge fee is fully refunded with the first profit payout.
The firm’s scaling plan allows account balances to grow by 25% every four months if traders meet specific criteria, such as achieving at least 10% total net simulated profit during that period. The maximum account balance can reach an impressive $2,000,000.
"Discipline and emotional control are crucial. A solid strategy helps, but the ability to stay calm under pressure, stick to the plan, and manage risk effectively is what makes a trader successful in the long run." – Trader Carlota
FTMO also offers a Premium Programme for top-performing traders, upgrading them to Prime or Supreme status with allocations of up to $1 million. Exceptional traders may even transition to Quantlane, a proprietary trading firm within the FTMO group, where they can enjoy a fixed salary and institutional trading conditions.
Evaluation Process and Trading Rules
FTMO’s evaluation process is structured with clear objectives and trading rules:
| Account Type | Profit Target (Challenge/Verification) | Max Daily Loss | Max Loss | Leverage (Forex) |
|---|---|---|---|---|
| Standard | 10% / 5% | 5% | 10% | 1:100 |
| Aggressive | 20% / 10% | 10% | 20% | 1:100 |
| Swing | 10% / 5% | 5% | 10% | 1:30 |
Both stages of the evaluation allow unlimited trading periods but require a minimum of 4 trading days. The Swing account is designed for traders who prefer holding positions over weekends or during news events, though it comes with reduced leverage of 1:30 for Forex pairs.
Challenge fees start at $183 for a $10,000 Standard account and go up to $1,274 for a $200,000 account. The Aggressive plan, which involves higher risk, starts at $295 for a $10,000 account.
Platform Infrastructure and Technical Features
FTMO supports popular trading platforms like MetaTrader 4, MetaTrader 5, cTrader, and DXtrade, available on desktop, web, and mobile. With over 6 million trades executed each month, FTMO’s infrastructure replicates real market conditions with execution delays of up to 200 milliseconds.
"We do not add hidden markups or additional slippage." – FTMO Australia
FTMO provides access to a wide range of trading instruments, including Forex pairs, commodities, indices, cryptocurrencies, stocks, and bonds. Trading fees are straightforward: $3 per standard lot for Forex (round trip), 0.0010% per lot for Metals CFDs, and 0.0040% per lot for Equity CFDs. There are no withdrawal fees.
To aid traders, FTMO offers proprietary tools like FTMO MetriX, FTMO Mentor, a Trading Journal, an Equity Simulator, and a News Indicator. Customer support is available 24/7 in 16 languages through live chat, email, and Discord.
With a 4.8/5 rating on Trustpilot from over 25,000 reviews and multiple industry awards, FTMO has established itself as a leader in the prop trading space. Its comprehensive features and trader-focused approach make it a standout choice when evaluating top firms.
4. The5ers
The5ers stands out in the prop trading world by blending practical funding options with a focus on risk management. Boasting an impressive 4.9 out of 5 rating on Trustpilot from 14,688 reviews, traders frequently commend its excellent customer support and fast payouts.
What makes The5ers unique is its trio of funding programs: Hyper Growth (a single-step evaluation), High Stakes (a traditional two-step process), and Bootcamp (a three-step evaluation with specific risk management requirements). Below, we’ll dive into their funding programs and evaluation setup.
Funding Programs and Evaluation Structure
The5ers offers an affordable entry point, starting at just $39 for a $5,000 High Stakes account – making it one of the most budget-friendly options in the prop trading scene. The Hyper Growth program ranges between $260 for a $10,000 account and $850 for a $40,000 account. Meanwhile, Bootcamp options cost $95–$205 for $100,000 accounts and $225–$350 for $250,000 accounts.
| Program | Evaluation Steps | Profit Target | Max Loss | Max Daily Loss | Leverage | Min Profitable Days |
|---|---|---|---|---|---|---|
| Hyper Growth | 1-Step | 10% | 6% | 3% | 1:30 | N/A |
| High Stakes | 2-Step | 8% (Phase 1), 5% (Phase 2) | 10% | 5% | 1:100 | 3 days per step (0.5% profit) |
| Bootcamp | 3-Step | 6% (each step) | 5% | No daily limit during eval, 3% when funded | 1:10 | N/A |
The Bootcamp program also requires traders to set a stop-loss within 3 minutes and limits risk per trade to 2%.
Profit Sharing and Scaling Potential
The5ers offers profit-sharing arrangements that start at 50–80%, with the potential to reach 100% for top-performing traders. High Stakes traders begin with an 80% share, while Hyper Growth and Bootcamp participants start at 50% but can scale up to 100% based on their results. Additionally, The5ers’ scaling plan allows traders to manage up to $4 million in capital – one of the highest limits in the industry.
"The5ers became the leader of the Forex industry because it’s made out of traders like yourself. Regular people who tried and failed so many times, until they learned what needed to be done to succeed in this field. We once stood where you are standing today. So we can guide you through."
Trading Technology and Platform Features
The5ers operates on MetaTrader 5, a platform known for its advanced charting tools, multiple timeframes, and essential indicators. Mobile apps for iOS and Android ensure traders can oversee their positions anytime, anywhere.
For those using automated trading strategies, The5ers allows Expert Advisors (EAs) under specific conditions. EAs must include visible stop-loss orders and cannot engage in prohibited strategies like tick scalping, arbitrage, or third-party signal copying.
Educational Resources and Trader Support
The5ers Academy equips traders with a variety of educational tools, including courses on Forex Basics, Technical Analysis, Day Trading Strategies, Risk Management, and ICT Trading. Their Trading Skills Workshop features a "Week of Mastery Series", which focuses on foundational skills, market psychology, and system development.
"This program is thoughtfully designed to support traders at all levels in building a strong foundation in market fundamentals. Through concise video lessons, the course gradually introduces essential topics, including currency pairs, market analysis, and risk management, making them easy to grasp. Furthermore, it doesn’t stop at theory; instead, it offers practical skills that enable you to trade confidently and develop a disciplined mindset."
The5ers also provides tools like a News Sentiment feature and an Economic Forex Calendar to help traders stay informed. Customer support is available from Sunday to Thursday, 7:00 AM to 5:00 PM GMT, and on Fridays from 7:00 AM to 12:00 PM GMT.
Trading Rules and Risk Management
The5ers enforces strict trading rules. For instance, news trading policies vary by program: Hyper Growth and Bootcamp traders can trade during news events (bracket strategies are prohibited), but High Stakes traders cannot open or close positions within 2 minutes of high-impact news releases.
Copy trading is allowed for High Stakes and Hyper Growth accounts, though traders managing over $500,000 must avoid taking identical trades across multiple accounts. Additionally, hedging across accounts, arbitrage strategies, high-frequency trading, and system exploitation are strictly prohibited.
With a perfect 100/100 trust score from ScamAdviser and consistent praise for low spreads and minimal slippage, The5ers has built a reputation as a dependable choice for Forex traders looking for flexible programs and solid educational support.
5. FundingPips
Since its launch in 2022, FundingPips has distributed over $145 million in payouts to more than 1.3 million traders across 195+ countries from its Dubai headquarters. The firm has gained a solid reputation for its dependable and trader-oriented services.
FundingPips provides four funding options: the 1‑Step Challenge, the Classic 2‑Step Challenge, the Pro 2‑Step Challenge, and the Zero Program for instant funding. This range of choices allows traders to select a program that aligns with their experience and risk preferences.
Funding Programs and Evaluation Structure
FundingPips offers evaluation programs with low entry fees, starting at $36 for a $5,000 Classic 2‑Step Challenge account, $39 for a $10,000 Pro 2‑Step account, and $69 for a $5,000 Zero Program account. Account sizes range from $5,000 to $100,000, with the potential to scale up to $2 million through a four-level scaling system. The evaluation process features static drawdowns, ensuring that the maximum loss threshold remains consistent across all programs.
| Program | Steps | Profit Target | Max Drawdown | Daily Loss Limit | Minimum Trading Days | Time Limit |
|---|---|---|---|---|---|---|
| 1‑Step Challenge | 1 | 10% | 6% | 4% | 3 days | Unlimited |
| Classic 2‑Step | 2 | 8% (Phase 1), 5% (Phase 2) | 10% | 5% | 3 days | Unlimited |
| Pro 2‑Step | 2 | 5% (both phases) | 6% | 4% | 3 days | Unlimited |
| Zero Program | 0 | None | 5% | 3% | 0 days | N/A |
The absence of strict time limits during evaluation phases gives traders the flexibility to approach their goals at their own pace. Fixed drawdown limits further support diverse trading strategies.
Profit Sharing and Scaling Potential
FundingPips offers competitive profit-sharing terms, starting with an 80% split for most programs and reaching up to 100% for traders who achieve Hot Seat status. The Zero Program stands out with a 95% profit split from the very first day, making it a popular choice among seasoned traders.
"Built by traders ➔ for traders." – FundingPips
The firm’s scaling system allows successful traders to manage up to $2 million in capital. Payouts are processed quickly – usually within 1–2 business days. Traders can choose from flexible payout schedules, including weekly, bi-weekly, monthly, or on-demand options, with a minimum withdrawal requirement of just 1% of the starting balance.
Trading Technology and Platform Features
FundingPips prioritizes flexibility by supporting multiple trading platforms, including MetaTrader 5, Match-Trader, cTrader, and Trade Locker. Traders can access a wide variety of markets, such as Forex, Crypto, Indices, Metals, and Energies. While the use of Expert Advisors (EAs) for risk management is allowed, fully automated EAs and generic trading bots are prohibited.
Commission fees depend on the program. The 1‑Step and 2‑Step Challenges charge $2.50 per standard lot for Forex and Metals, while the Pro and Zero Programs charge $7.00 per standard lot for these instruments.
Educational Resources and Trader Support
FundingPips fosters a strong trading community with over 200,000 members on its Discord channel, enabling peer-to-peer learning and support. The firm also provides 24/7 multilingual customer service and offers a comprehensive trader dashboard equipped with risk management tools.
"FundingPips has built its products focusing on the real needs of modern forex traders who value simplicity, authenticity, and freedom." – FundingPips
Trading Rules and Risk Management
FundingPips maintains clear trading rules while allowing flexibility. During evaluation phases, traders can hold positions overnight, over weekends, and during major news events. However, for funded accounts, trades executed within 5 minutes before or after high-impact news events do not count toward profits.
Certain strategies, such as martingale, hedging, high-frequency trading, arbitrage, and copy trading between accounts, are prohibited. Additionally, a 10-lot daily limit applies to some master accounts to ensure fair trading practices.
With a 4.5-star rating on Trustpilot based on over 30,000 reviews and three ISO accreditations for security and operational quality, FundingPips has built trust among traders. Its zero reward denials policy and transparent operations further highlight its commitment to trader success. Notably, the firm refunds evaluation fees after the fourth reward payout for the 1‑Step and Classic 2‑Step Challenges.
6. FundedNext
FundedNext has made a strong name for itself, boasting 673,000 monthly searches and 5.02 million website visits in March 2025. With over 59,300 traders rewarded and an impressive $178.7 million in total payouts, the firm has established itself as a leading player in the industry. Its success is supported by a range of funding options designed to cater to traders at various levels.
Funding Programs and Challenge Structure
FundedNext offers three streamlined challenge models for Forex traders: Stellar (1-Step), Stellar (2-Step), and Stellar Lite (2-Step). By retiring its older Evaluation and Express challenges, the firm has simplified its offerings for better clarity and ease of use.
Account sizes range from $5,000 to $200,000, with the option to combine accounts up to a $300,000 cap. For traders looking to scale, FundedNext provides a pathway to grow funded capital to as much as $4,000,000. This requires achieving a minimum 10% account growth over four consecutive months and completing at least two successful payouts.
| Challenge Model | Account Sizes | Phases | Profit Target | Max Daily Loss | Max Overall Loss | Leverage |
|---|---|---|---|---|---|---|
| Stellar (1-Step) | $6,000 – $200,000 | 1 | 10% | 3% | 6% | 30:1 |
| Stellar (2-Step) | $6,000 – $200,000 | 2 | Phase 1: 8%, Phase 2: 5% | 5% | 10% | 100:1 |
| Stellar Lite | $5,000 – $100,000 | 2 | Phase 1: 8%, Phase 2: 4% | 4% | 8% | 100:1 |
All challenges come with no maximum time limits, giving traders the freedom to hit their targets without pressure. Minimum trading days vary: Stellar (1-Step) requires just 2 trading days, while Stellar (2-Step) and Stellar Lite need 5 trading days per phase.
Profit Sharing and Payout Structure
FundedNext stands out with a profit split of up to 95%, one of the highest in the industry. For funded traders, the profit split starts at 90% for Stellar (1-Step) and 80% for Stellar (2-Step) and Stellar Lite. During the challenge phase, traders receive an initial 15% share, with the potential to reach the maximum 95% split.
Payouts are processed quickly – averaging just 5 hours – and guaranteed within 24 hours. If this timeframe isn’t met, the firm offers $1,000 compensation. Payout schedules differ by model: Stellar (1-Step) accounts receive payouts every 5 business days, while Stellar (2-Step) and Stellar Lite accounts begin with a payout after 21 days, followed by bi-weekly distributions. Additionally, challenge fees are refunded with the first payout for Stellar (1-Step) and Stellar (2-Step) models, and on the third payout for Stellar Lite.
Trading Technology and Platform Options
FundedNext supports popular platforms like MT4, MT5, cTrader, and Match-Trader, enabling algorithmic trading with custom strategies. In May 2025, the firm launched its own brokerage, FNmarkets, giving it greater control over execution, pricing, and payments compared to firms that rely on external brokers.
While cTrader and Match-Trader are available for a $25 fee, these platforms are not offered for larger accounts (over $100,000) in Stellar models.
Commission structures are straightforward:
- Stellar (1-Step) and Stellar (2-Step): $5 per lot for Forex and Commodities.
- Stellar Lite: $7 per lot for Forex and Commodities.
- Indices and Cryptocurrencies: Commission-free across all models.
Enhanced Features and Add-Ons
FundedNext offers traders a range of optional add-ons for additional flexibility, though these come at extra costs (10%–40% of the base challenge fee). Popular options include:
- Lifetime Payout 95% (+30% fee)
- No Minimum Trading Days (+20% fee)
- Swap Free Account (+10% fee)
The firm also introduced an AI voice assistant, "Fundee," which supports 32 languages and helps traders navigate platform features, trading models, and rules.
Risk Management and Trading Rules
FundedNext balances clear risk management rules with flexibility in trading strategies. News trading is allowed, but trades placed within 5 minutes before or after high-impact news events are subject to a 40% profit split rule for funded accounts. Copy trading is permitted only between a trader’s own FundedNext accounts, provided the combined total doesn’t exceed $300,000.
Certain activities are prohibited, including excessive micro-scalping, hedging across multiple accounts, and order manipulation. However, Expert Advisors (EAs) are welcome on MetaTrader platforms, as long as they are tailored to the trader’s individual style rather than generic automated systems.
With a Trustpilot rating of 4.6 out of 5 stars based on 6,930 reviews and a professional score of 92/100, FundedNext ranks 4th among top proprietary trading firms. Its flexible evaluations, high profit splits, and 24/7 customer support have earned it widespread recognition.
7. MyFundedFX
Rebranded as SeacrestFunded in 2022, MyFundedFX has grown to serve nearly 95,000 traders across 190+ countries. Among these, 80,000 traders are funded, while 20,000 are in the evaluation phase. The firm also boasts a strong online presence, with 32,000 members on Discord, 22,600 followers on Twitter, and 34,200 followers on Instagram. Known for its flexible evaluations and competitive payouts, SeacrestFunded continues to stand out in the world of proprietary trading firms.
Funding Programs and Challenge Structure
SeacrestFunded offers four distinct challenge models tailored to different trading styles: 1-Step, 2-Step, 2-Step Max, and 3-Step. Account sizes range from $5,000 to $300,000, with the potential to scale up to $1.5 million through their growth program.
What sets SeacrestFunded apart is the flexibility of its challenges. All models come with unlimited time limits, allowing traders to progress at their own pace. To meet the minimum requirements, traders must complete 3 profitable trading days – except for the 3-Step model, which requires just 1 trading day per phase.
| Challenge Type | Profit Target | Max Daily Loss | Max Total Drawdown | Account Sizes | Challenge Fee |
|---|---|---|---|---|---|
| 1-Step | 10% | 4% | 6% | $5,000–$300,000 | $50–$1,399 |
| 2-Step | Phase 1: 8%, Phase 2: 5% | 5% | 8% | $5,000–$300,000 | $50–$1,399 |
| 2-Step Max | Phase 1: 10%, Phase 2: 5% | Phase 1: 5%, Phase 2: 4% | Phase 1: 10%, Phase 2: 8% | $5,000–$200,000 | $38–$725 |
| 3-Step | 6% per phase | 4% | 8% | $10,000–$300,000 | $70–$900 |
These options provide traders with a variety of paths to achieve their funding goals.
Profit Sharing and Payout Structure
SeacrestFunded’s profit-sharing terms are generous, starting at an 80% split and upgradeable to 90% for a fee (20% of the challenge cost). VIP traders can enjoy splits as high as 92.75%.
Payouts are processed every 14 days, but traders in the 3-Step Challenge benefit from a faster 5-day payout cycle. The minimum payout amount is $65, and withdrawals are typically processed within 12 to 72 hours. Importantly, traders can continue trading while waiting for their payouts. Additionally, challenge fees are refunded upon successful completion, and the scaling plan allows for a 25% account balance increase every three months, provided traders achieve a 12% profit over 90 days and complete at least 4 withdrawals.
Trading Technology and Platform Options
SeacrestFunded provides access to popular trading platforms such as MetaTrader 5, cTrader, MatchTrader, and DXTrade, offering over 175 instruments, including Forex, metals, commodities, indices, and cryptocurrencies.
The firm partners with regulated brokers like Seacrest Markets (regulated by FSCA), Purple Trading (regulated by CySEC), and Match-Prime (regulated by CySEC) to ensure secure and reliable trading experiences.
Commission rates are straightforward:
- Forex and Commodities: $3–$6 per standard lot
- Indices and Cryptocurrencies: Commission-free trading
- Maximum Leverage: Up to 1:30 for Forex pairs
Trading Rules and Risk Management
SeacrestFunded’s trading rules strike a balance between flexibility and control. Permitted strategies include scalping and Martingale, but high-frequency trading, arbitrage, and cross-account hedging are not allowed.
News trading is permitted during challenge phases, but restrictions apply to funded accounts unless traders opt for a special plan that accommodates news trading. Additionally, Expert Advisors (EAs) are generally prohibited on MT5, except when used with STT Social Trader Tools. Automated copy trading is limited to the TradersConnect platform.
With a Trustpilot rating of 4.3 out of 5 stars from over 2,700 reviews, SeacrestFunded is praised for its quick payouts, clear policies, and responsive customer service. Key regions for its user base include India, the United States, the United Kingdom, Australia, and Spain, showcasing its broad international appeal.
8. Funded Trading Plus
As we continue exploring top Forex prop firms for 2025, Funded Trading Plus stands out with its mix of flexible funding options and an appealing profit-sharing structure. With an impressive 4.7/5 rating on Trustpilot from over 2,400 reviews, this firm has carved a niche for itself by offering programs tailored to traders with varying levels of expertise.
Funding Programs and Challenge Structure
Funded Trading Plus provides five distinct funding programs: 1 Phase Experienced, 2 Phase Prestige Lite, 2 Phase Advanced, 2 Phase Premium, and Instant Master. Account sizes range from $5,000 to $200,000, with the opportunity to scale up to $5,000,000 through their scaling system [85,88].
Most of their programs are designed without time limits or minimum trading days, making it possible to complete challenges in a single day. The exception is the 2 Phase Prestige Lite, which requires 3 profitable days with at least 0.5% profit. To maintain an active account, traders must execute at least one trade every 30 days [85,88].
| Program Name | Account Sizes | Phase 1 Target | Phase 2 Target | Daily Loss Limit | Max Loss Limit | Weekend Holding |
|---|---|---|---|---|---|---|
| 1 Phase Experienced | $100,000, $200,000 | 10% | N/A | 4% (trailing) | 6% (relative) | Yes |
| 2 Phase Prestige Lite | $100,000 | 6% | 6% | 3% (static) | 6% (static) | Yes |
| 2 Phase Advanced | $25,000–$200,000 | 10% | 5% | 5% (trailing) | 10% (trailing) | No |
| 2 Phase Premium | $25,000–$200,000 | 8% | 5% | 4% (trailing) | 8% (trailing) | Yes |
| Instant Master | From $5,000 | No Target | N/A | 6% (trailing) | 6% (trailing) | No |
Challenge fees vary based on the account size and program. For example, the Advanced Trader Program’s $200,000 account is priced at $999, while the Experienced Trader Program’s $100,000 account costs $499. These straightforward structures ensure traders can choose a program that fits their goals and budget.
Profit Sharing and Payout Structure
Funded Trading Plus offers an industry-leading profit-sharing model. Traders start with an 80% profit split, which increases to 90% after achieving 20% simulated profit. Once traders hit 30% simulated profit, they qualify for a 100% profit split, keeping all profits they withdraw [85,90,91].
"Funded Trading Plus distinguishes itself with its exceptional profit-sharing model that can reach up to 100% in the trader’s favor. Unlike most prop firms that cap profit splits at 80-90%, Funded Trading Plus allows you to earn the entire profit once they achieve a 30% profit target, creating a truly unparalleled incentive structure for consistent performers."
– FXEmpire
Payouts are processed efficiently, with one trader noting:
"Funded Trading Plus provides A+ service … withdrawals processed within 24 hrs."
– CL_Supreme
The minimum withdrawal amount is $50, and withdrawal schedules vary by program. For instance, the 1 Phase Experienced, 2 Phase Advanced, and Instant Master programs allow withdrawals starting from Day 0, with payouts every 7 calendar days. The 2 Phase Premium program also supports weekly withdrawals, while the 2 Phase Prestige Lite permits payouts every 2 weeks.
Trading Technology and Platform Options
Funded Trading Plus supports a range of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, Match-Trader, and DXTrade. Their partnership with GooeyTrade ensures realistic market conditions by managing spreads, commissions, and pricing feeds.
Traders using MT4, MT5, or cTrader can take advantage of Expert Advisors (EAs), though EAs are not supported on DXTrade or Match-Trader. While most platforms are free, cTrader and platform changes come with a $25 fee. Leverage options vary by asset class: Forex pairs up to 30:1, indices up to 20:1 (or 10:1 on cTrader), commodities up to 10:1, and cryptocurrencies up to 2:1. Additionally, the firm allows news trading, overnight positions, and weekend holdings for certain programs.
Trading Rules and Risk Management
Funded Trading Plus emphasizes straightforward and flexible trading rules. Stop losses are not mandatory, and traders are allowed to hedge within the same account. However, strategies like arbitrage, grid trading, tick scalping, and copy trading across multiple accounts are prohibited. While swap-free (Islamic) accounts are not available, traders can use demo accounts on all platforms to test execution, spreads, and lot sizes before committing to a challenge.
9. Bullwaves Prime
Rounding out our review of top Forex prop firms for 2025, Bullwaves Prime stands out as a fresh addition to the industry. Launched in September 2024 by CEO Filippo De Rosa, who brings over two decades of fintech experience, this Seychelles-based firm is making waves as the "first fully regulated prop firm" [94, 95]. Despite being new, it has already earned a solid reputation, boasting a 4.3/5 rating on Trustpilot from 742 reviews, with 75% of users giving it a glowing 5-star review [94, 97].
Bullwaves Prime offers traders a mix of flexible evaluation programs, competitive profit-sharing, and a strong focus on risk management. Let’s dive into the details of their funding programs and how they compare to other industry leaders.
Funding Programs and Challenge Structure
Bullwaves Prime provides two evaluation options: the One-Step Challenge and the Two-Step Challenge, with account sizes ranging from $5,000 to $200,000. Successful traders can scale their accounts up to $2,000,000 through the firm’s growth system [94, 97].
Here’s how the challenges work:
- One-Step Challenge: Traders must hit a 10% profit target while adhering to strict risk rules, including a 4% daily drawdown and an 8% trailing maximum drawdown.
- Two-Step Challenge: This path involves two phases – Phase 1 requires an 8% profit target, and Phase 2 lowers the target to 5%. The risk parameters are slightly more lenient, with a 5% daily drawdown and a 10% trailing maximum drawdown.
| Challenge Type | Account Sizes | Profit Target(s) | Daily Drawdown | Max Drawdown | Challenge Fee Range |
|---|---|---|---|---|---|
| One-Step | $5,000–$200,000 | 10% | 4% | 8% (Trailing) | $89–$1,199 |
| Two-Step | $5,000–$200,000 | Phase 1: 8%, Phase 2: 5% | 5% | 10% (Trailing) | $59–$999 |
Both challenges require traders to complete a minimum of 10 trading days per phase, but there’s no time limit, offering flexibility. Accounts operate with 1:50 leverage [94, 97].
Profit Sharing and Payout Structure
Bullwaves Prime offers an 80% profit split, which increases to 90% as account balances grow. Payouts are processed bi-weekly, with the first withdrawal available after just 15 calendar days. After that, traders can withdraw profits every 14 days [94, 98].
"Up to 90% profit share and watch it increase as your account grows, rewarding your success with higher earnings." – Bullwaves Prime
Withdrawals are capped by the "Payout Limit Rule", which limits each payout to 6% of the account’s starting balance. Any profits exceeding this cap remain in the account without penalty. The minimum withdrawal amount is $50, and traders can choose between bank transfers (with a $30 fee) or USDT-ERC20, which has no fee [94, 100].
Trading Technology and Platform Infrastructure
Bullwaves Prime operates through its own Seychelles-regulated broker, Bullwaves, and exclusively uses the MetaTrader 5 (MT5) platform. Traders can access a wide variety of instruments, including Forex pairs, commodities, indices, stocks, and cryptocurrencies. Notably, weekend trading is allowed for crypto assets.
Commission fees are structured as follows:
- Forex, commodities, indices: $10 per lot
- Stocks: 0.4% per lot
- Cryptocurrencies: 0.08% per lot
This robust infrastructure ensures traders have access to a wide range of markets with competitive costs.
Trading Rules and Risk Management
Bullwaves Prime enforces strict trading rules to encourage disciplined strategies:
- Daily profit withdrawals are capped at 30% of the starting balance.
- Each trade’s profit must fall within –70% to +100% of the average lot size.
- News trading restrictions apply, prohibiting opening or closing positions within 3 minutes of high-impact news events. However, holding positions during these events is allowed.
Prohibited strategies include Martingale/Grid systems, arbitrage, tick scalping (trades must be held for at least 2 minutes), and high-frequency trading [94, 97, 100].
"Bullwaves Prime differs from most industry-leading prop firms due to offering two unique account types: a two-step evaluation and a one-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, a first withdrawal after only 15 calendar days, and bi-weekly future payouts." – Forex Prop Reviews
Forex Prop Reviews gives Bullwaves Prime an overall rating of 4.5/5, with a perfect 5.0/5 for its trading platform and a 4.0/5 for fees, deposits, withdrawals, and customer support.
Comparison: Pros and Cons
Building on the firm-by-firm breakdown above, this section highlights the key differences in funding, profit sharing, and service features. Each firm has distinct strengths and trade-offs, catering to traders with varying needs and goals.
Maximum Funding and Scaling Opportunities
The funding potential varies widely among firms. The5ers and FundedNext stand out with scaling opportunities reaching up to $4,000,000. On the other hand, FTMO offers the highest initial funding at $400,000 but caps its scaling limit at $2,000,000. A detailed comparison is available in the table below.
Profit Sharing Models
Profit splits are another area where firms differentiate themselves. While most firms start with an 80% split, some offer pathways to increase this percentage. For example, FundedNext’s Stellar 1-Step program begins at 90% and can go up to 95% with added features. The5ers uses a progressive model, starting at 50% and scaling up to 100% for top-performing traders. Meanwhile, FundingPips provides flexibility, offering 60% for weekly payouts and up to 100% for monthly schedules.
| Prop Firm | Max Initial Funding | Max Scaled Funding | Profit Splits | Standout Feature |
|---|---|---|---|---|
| Goat Funded Trader | $200,000 | $800,000 | 80% – 100% | 100% split available with extra fee |
| DNA Funded | $200,000 | $600,000 | 80% – 90% | Challenge fees from $49 |
| FTMO | $400,000 | $2,000,000 | 80% – 90% | Highest initial funding limit |
| The5ers | $20,000 | $4,000,000 | 50% – 100% | Progressive profit sharing |
| FundingPips | $100,000 | $2,000,000 | 60% – 100% | Flexible payout frequency |
| FundedNext | $300,000 | $4,000,000 | 60% – 95% | 90% starting split on Stellar |
| MyFundedFX | $300,000 | $600,000 | 80% – 92.75% | VIP trader benefits |
| Funded Trading Plus | $200,000 | $2,500,000 | 80% – 100% | Fast 3–7 day payouts |
| Bullwaves Prime | $200,000 | Not specified | Up to 80% | – |
Evaluation Structures and Fees
For traders on a budget, DNA Funded offers the lowest entry point, with challenge fees starting at $49. FundedNext provides competitive pricing, ranging from $129 to $449, and eliminates ongoing commissions. Meanwhile, Goat Funded Trader frequently offers promotional discounts of 25%–35% and refunds for select accounts. These fee structures can significantly impact the cost of participation, especially for traders who may need multiple attempts to pass evaluations.
Platform Support and Technology
When it comes to platform variety, MyFundedFX leads the pack, supporting platforms like Volbook, DxFeed, Tradovate, Quantower, NinjaTrader, and TradingView. For algorithmic traders, FTMO and The5ers excel with VPS hosting that minimizes latency. FundedNext combines MT4/MT5 with proprietary tools and research features, catering to a wide range of trading strategies.
Customer Support and Community
A strong community and reliable customer support can make a big difference. FundedNext boasts the largest community, with over 51,000 funded traders. Goat Funded Trader facilitates 36,000 daily trades across 180+ countries. Customer satisfaction ratings are consistently high, with The5ers scoring 4.9/5, Funded Trading Plus at 4.7/5, and FundingPips at 4.5/5 from over 23,000 reviews.
Key Advantages by Firm Type
For beginners, DNA Funded and Goat Funded Trader provide low-cost entry points and promotional discounts. The5ers also stands out for its educational resources. Scalpers and high-frequency traders benefit from FTMO and The5ers, thanks to their VPS hosting and low-latency platforms. Meanwhile, traders focused on long-term growth might prefer The5ers and FundedNext for their $4,000,000 scaling potential, or FTMO for its reliable $2,000,000 scaling option paired with consistent payouts.
Common Drawbacks
Despite the benefits, there are some challenges to consider. Strict risk management rules are standard, with daily drawdown limits ranging from 3%–5% and maximum drawdowns of 6%–10%. Restrictions on news trading can also limit flexibility during volatile markets. Premium features like 100% profit splits or faster payouts often come with added fees. Additionally, evaluation fees, which range from $100 to $600 per attempt, can add up quickly for traders who need multiple tries to succeed.
These insights provide a clear overview of how these firms stack up, helping traders identify the best fit for their specific goals and trading styles.
Conclusion
Choosing the right prop firm in 2025 means aligning your trading goals, budget, and style with the firm that fits your needs best. Factors like cost, platform options, payout speed, and growth opportunities are still key considerations. For U.S. Forex traders, DNA Funded stands out with an impressive score of 97/100. Supported by ASIC-regulated DNA Markets, it offers profit splits ranging from 80% to 90% – a strong choice for traders aiming for high returns.
If you’re working with a tight budget, low entry fees should be a priority. DNA Funded’s $49 challenge fee provides an affordable gateway to reliable funding opportunities, making it a great option for cost-conscious traders.
Platform compatibility is another critical factor, especially for U.S. traders navigating regulatory limitations. DNA Funded supports TradeLocker and DXTrade platforms, ensuring compliance and flexibility. Meanwhile, Funded Trading Plus offers even broader compatibility, supporting platforms like Match-Trader, cTrader, and DXTrade – meeting the diverse needs of modern traders.
For those prioritizing quick access to profits, payout speeds vary between firms. Funded Trading Plus delivers payouts in as little as 3, 5, or 7 days, while DNA Funded offers a 7-day early payout option for added convenience. Additionally, firms like these provide strong scaling opportunities for traders with long-term growth in mind.
Ultimately, success hinges on finding a prop firm that aligns with your priorities – whether that’s low fees, fast payouts, platform flexibility, or scaling potential. DNA Funded offers exceptional overall value, but you might also explore options like Funded Trading Plus for instant funding or The5ers for a focus on scaling. Each firm brings unique strengths to the table, so choose the one that best supports your trading journey.
FAQs
What should I look for in a Forex prop trading firm in 2025?
When you’re picking a Forex prop trading firm in 2025, there are a few critical factors to keep in mind. Start by examining their funding programs, profit-sharing setups, and the leverage options they provide. These elements can have a big impact on how you trade and grow your account.
You’ll also want to dig into the firm’s trading platform features, fee structures, and how they evaluate new traders. A clear understanding of these can save you from surprises down the line.
Don’t overlook the importance of transparency, support services, and eligibility requirements. These should match your trading approach and long-term goals. Partnering with a firm that has a solid reputation can give you the confidence to tackle the ever-changing Forex market.
What should traders know about profit-sharing structures at top Forex prop firms?
Profit-sharing models at top Forex prop firms differ significantly, with traders typically receiving anywhere from 50% to 100% of their profits. Many firms even offer higher profit splits to reward their best-performing traders.
When assessing these setups, it’s essential to focus on firms that provide clear terms, flexible payout options, and straightforward eligibility requirements. These elements help you understand how much of your earnings you get to keep and how often you can access them. Take the time to read the fine print to ensure the profit-sharing arrangement fits your trading style and financial goals.
What are the pros and cons of going through a prop firm’s evaluation process?
Participating in a prop firm’s evaluation process offers some clear advantages. For one, it provides access to larger trading capital, letting you take on bigger positions and aim for increased profits. It’s also a chance to demonstrate your trading skills, which could open the door to a funded account and potentially more long-term opportunities.
That said, there are some hurdles to keep in mind. The evaluation process often comes with strict performance benchmarks, which can add pressure and lead to rushed decisions. If you don’t pass, you could end up losing the time, effort, and any fees you invested. On top of that, most prop firms have specific rules and profit-sharing agreements that might restrict how flexible you can be with your trading strategies.
