Looking for prop trading firms that support high-frequency trading (HFT)? Here’s what you need to know upfront:
- Bulenox: Focuses on futures and allows HFT, bots, and automated strategies.
- OneUp Trader: Offers futures trading with a simple evaluation process but bans trades under 10 seconds, micro scalping, and HFT.
- Kortana Fx: Supports HFT bots during evaluation for forex trading but requires manual trading after funding. Offers up to 100% profit splits.
- FTMO: Allows forex HFT and algorithmic trading with flexible platforms like MetaTrader and cTrader, but imposes strict risk rules.
Quick Comparison
| Firm | Market | HFT Allowed | Profit Split | Evaluation | Key Limitations |
|---|---|---|---|---|---|
| Bulenox | Futures | Yes | 90% after $10K | Evaluation Program | Allows for automated trading or HFT |
| OneUp Trader | Futures | No | 90% after $10K | One-step evaluation | 10-second minimum trade duration |
| Kortana Fx | Forex | Yes (evaluation) | Up to 100% | 8% profit target, no min days | Manual trading after funding |
| FTMO | Forex | Yes | Up to 90% | Two-phase evaluation | Strict risk limits, platform restrictions for US nationals |
For HFT traders, Bulenox, Kortana Fx and FTMO stand out, but each has unique rules and limitations. Choose based on your strategy, market preference, and evaluation style.
HFT Prop Firm Recommendations
1. Bulenox
Bulenox Overview
Bulenox is a futures prop trading firm offering traders the opportunity to prove their skills and earn access to funded accounts. Designed for speed, precision, and performance, Bulenox provides a structured path that supports a wide range of trading styles—including high-frequency and algorithmic strategies.
Funding and Evaluation Process
Bulenox evaluates traders through a rules-based simulation phase known as the Evaluation Program. Traders must meet specific targets while adhering to risk management rules, including:
- Profit targets
- Daily loss limits
- A maximum trailing drawdown
- Consistency requirements
Once traders pass the evaluation, they receive access to a funded account under a profit-sharing model.
Account Sizes & Pricing
| Account Size | Monthly Cost | One-Time Activation Fee |
|---|---|---|
| $50,000 Evaluation | $49/month | $149 |
| $100,000 Evaluation | $99/month | $149 |
| $150,000 Evaluation | $149/month | $149 |
Subscriptions renew monthly until the trader passes or cancels. Bulenox also offers a “Reset-at-Rebill” feature—if a trader violates the rules, the account resets automatically at the next billing cycle after payment, with no additional cost.
Profit Split & Withdrawals
After passing the evaluation:
- Traders keep 100% of the first $10,000 in profits.
- Beyond that, a 90/10 split applies in favor of the trader.
This structure rewards consistency while providing long-term earning potential.
Supported Platforms and Technology
Bulenox supports a wide range of trading platforms, including:
- NinjaTrader
- Tradovate
- Rithmic (via custom integrations)
- Quantower
- TradingView
Most platforms are optimized for Windows, with web-based and cloud-accessible options for Mac users.
Designed for HFT and Automation
Unlike other firms, Bulenox welcomes algorithmic and high-frequency trading. Traders may use:
- Expert Advisors (EAs)
- Custom bots
- Fully automated strategies
- Third-party automation platforms
This makes Bulenox a top choice for quant traders and developers looking for scalable capital and low-latency access to futures markets.
2. OneUp Trader
OneUp Trader is a futures prop trading firm known for its straightforward approach to funding traders. With over 10,000 subscribers and a 4.7-star rating on Trustpilot [14], it has earned a reputation for its efficient evaluation process. However, its restrictions on trade durations make it less appealing for those relying on high-frequency trading strategies.
Funding and Evaluation Process
The platform keeps things simple with a one-step evaluation process. Traders must demonstrate consistent profitability while adhering to strict rules, including trailing drawdowns and maximum contract limits. For standard evaluation accounts, traders need to trade for at least 10 days, whereas Express accounts shorten this period to just 5 days [12][13]. Account sizes range from $25,000 to $250,000, with monthly fees between $65 and $325 [12].
| Account Size | Monthly Fee | Profit Target | Trailing Drawdown | Max Contracts |
|---|---|---|---|---|
| $25,000 | $65 | $1,500 | $1,500 | 3 |
| $50,000 | $75 | $3,000 | $2,500 | 6 |
| $100,000 | $150 | $6,000 | $3,500 | 12 |
| $150,000 | $175 | $9,000 | $5,000 | 15 |
| $250,000 | $325 | $15,000 | $5,500 | 25 |
If a trader breaks the rules, they can reset their account for a $100 fee [12][14]. For those looking for a faster route, Express Funding options are available, with fees ranging from $115 to $425 [12].
Profit Split and Payout Structure
OneUp Trader offers an attractive profit-sharing model. Traders keep 100% of their first $10,000 in profits. Beyond that, earnings are split 90/10, with traders retaining the larger share [12][13][14]. This setup has proven beneficial for many of their funded traders.
HFT-Specific Features
High-frequency trading (HFT) is not supported on OneUp Trader. The platform enforces a minimum trade duration of 10 seconds, and strategies like micro scalping, latency arbitrage, and tick scalping are explicitly prohibited. Their policy states:
"Trading activities (including, but not limited to Micro scalping, High-Frequency Trading, Latency arbitrage, Tick scalping, etc.) with a duration of less than 10 seconds; and/or that take advantage of market data inefficiencies/errors are strictly prohibited by our funding partners." [11]
Supported Platforms and Technology
OneUp Trader works with several popular trading platforms, including NinjaTrader (free during both evaluation and funded stages), R|Trader, R|Trader Pro, Agena Trader, MultiCharts, Sierra Chart, Quantower, ATAS Order Flow Trading, and Bookmap. However, the 10-second trade duration rule applies across all platforms.
Customer reviews are overwhelmingly positive, with 81% of Trustpilot users giving OneUp Trader a 5-star rating [14]. One reviewer, Justin V., shared his experience:
"I was drawn to OneUp Trader because of the pricing and the customer service which was out of this world. It’s a phenomenal company and I can’t even see myself using anybody else in the future." [13]
That said, some traders have pointed out challenges, such as strict trailing drawdowns and occasional inconsistencies in rule enforcement [12].
3. Kortana Fx
Kortana Fx is a Dubai-based firm specializing in simulated funding, particularly catering to high-frequency trading (HFT) enthusiasts. By tapping into the collective expertise of its traders, the company integrates user insights and instincts into its real-money investment strategies [15].
Funding and Evaluation Process
Kortana Fx simplifies the funding process with a one-step evaluation that requires an 8% profit target. There are no minimum trading days, making it especially appealing for HFT traders. Traders can choose from account sizes ranging between $10,000 and $200,000, with the following one-time fees and rules:
| Account Size | One-Time Fee | Profit Target | Max Daily Loss | Max Total Drawdown |
|---|---|---|---|---|
| $10,000 | $147 | 8% | 5% | 10% |
| $25,000 | $267 | 8% | 5% | 10% |
| $50,000 | $397 | 8% | 5% | 10% |
| $100,000 | $597 | 8% | 5% | 10% |
| $200,000 | $999 | 8% | 5% | 10% |
To ensure traders maintain consistency, the firm enforces a "50% rule", meaning the largest single win cannot exceed 50% of the total payout. This rule encourages steady performance before traders transition to an appealing profit-sharing arrangement [17].
Profit Split and Payout Structure
Successful traders can earn up to 100% of their profits, positioning Kortana Fx as a competitive choice for profit-sharing opportunities [16].
HFT-Specific Features
Kortana Fx stands out for its strong support of HFT and algorithmic trading strategies. During the evaluation phase, traders can use HFT bots, although these are not permitted once live funding begins [17]. For instance, in February 2024, trader Micheal Allin shared his experience of being funded while using an HFT Expert Advisor (EA). While he faced a denied payout after violating the "50% rule", he later received two payouts on time by adhering to the guidelines [17].
The firm also offers low commissions and spreads, a critical advantage for HFT where even minor price fluctuations can significantly impact profitability [19]. Additionally, Kortana Fx allows news trading, offering further flexibility for algorithmic traders [16].
Supported Platforms and Technology
Traders can access Kortana Fx through the cTrader and DXTrade platforms, with plans to add Trade Locker soon [15]. The cTrader platform is particularly advantageous for algorithmic traders, featuring advanced market analysis tools and a simulated environment that closely mimics live market conditions [16]. With leverage up to 1:100, traders have added flexibility to execute diverse HFT strategies [16].
User Feedback
While Kortana Fx boasts features tailored for HFT and algorithmic traders, user reviews are mixed. A Trustpilot score of 2.6 out of 5 highlights a divide: some traders commend its HFT-friendly setup, while others express concerns about payout delays and customer support responsiveness [16].
4. FTMO
FTMO has earned a strong reputation among forex traders, particularly for its funded account offerings. While it doesn’t exclusively cater to high-frequency trading (HFT), the firm’s structure supports a variety of trading strategies, including algorithmic and HFT methods. Its combination of a forex-centric approach and algorithmic trading flexibility makes it a standout option for traders seeking advanced execution capabilities and reliable risk management.
Funding and Evaluation Process
FTMO employs a two-part evaluation system to assess traders. The first stage, called the Challenge, requires achieving a 10% profit target. If successful, traders move on to the Verification stage, where they must meet a 5% profit target. Both stages impose strict rules, including a maximum daily loss of 5%, an overall loss limit of 10%, and a minimum of four trading days. To participate, traders must pay a refundable fee ranging from €89 to €155, depending on the account size [20][21].
Profit Split and Payout Structure
FTMO offers traders the opportunity to keep up to 90% of their profits, all without risking personal capital. This profit-sharing model allows traders to retain the bulk of their earnings while FTMO provides the trading capital and absorbs the associated risks [23].
HFT-Specific Features
FTMO does not impose explicit restrictions on high-frequency trading strategies. Traders are allowed to use Expert Advisors (EAs) and algorithmic trading tools, provided they adhere to strict risk management guidelines. The platform supports up to 200 simultaneous orders and allows for as many as 2,000 positions daily. To maintain system stability, FTMO monitors server activity and may recommend parameter adjustments if excessive activity is detected. Additionally, traders are advised to avoid trading during the two-minute window before and after major news events [21][22][24].
Supported Platforms and Technology
FTMO supports a range of popular trading platforms, including MetaTrader 4, MetaTrader 5, DXtrade, and cTrader. Each platform offers unique advantages:
- MetaTrader 5 (MT5): Multi-asset trading, additional timeframes, an integrated economic calendar, and faster execution.
- cTrader: Advanced order execution and algorithmic trading support via cAlgo.
- DXtrade: Comprehensive charting tools, robust risk management features, and rapid order execution.
FTMO ensures tight spreads and fast execution speeds, both of which are critical for high-frequency trading. Traders can also use VPN or VPS services for improved connectivity. However, it’s important to note that US nationals and residents cannot access MetaTrader or cTrader platforms [25][26][27].
Advantages and Disadvantages
Prop trading firms bring a mix of opportunities and challenges for high-frequency trading (HFT). Understanding these factors helps traders evaluate which firm aligns best with their strategies and goals.
Capital Access and Risk Management
One of the biggest perks of working with a prop firm is access to significant trading capital, allowing traders to execute high-frequency strategies without risking their own funds. Many firms also offer attractive profit-sharing models, with traders sometimes keeping as much as 90% of the profits[1].
In addition to funding, prop firms provide critical infrastructure for HFT. This includes low-latency trading platforms, co-location services, and real-time market data feeds – essential tools for executing trades with millisecond precision[1].
Performance Pressure and Costs
However, the benefits come with challenges. Traders often face strict performance benchmarks, which can add pressure and affect overall profitability. The high costs of maintaining state-of-the-art HFT systems are frequently reflected in the firms’ profit-sharing arrangements, potentially cutting into traders’ earnings[1].
Regulatory requirements add another layer of complexity. Prop firms must navigate compliance obligations while staying technologically competitive. This balancing act can sometimes limit the strategies available to traders or require additional documentation for approval[1].
Comparing Firms
Not all prop firms are created equal, and their policies can vary widely. For instance, Kortana Fx stands out with an 8% profit target and no minimum trading days during evaluation, offering up to 100% profit shares[18]. On the other hand, some firms enforce stricter rules, such as minimum trading days or trade frequency, which may not suit all HFT strategies.
Profit-sharing models also differ. While some firms provide generous splits, others cap payouts at 80–85%[18][28]. Additionally, the level of platform and technology support can be a deciding factor. Here’s a quick comparison of some well-known prop firms:
| Firm | Evaluation Process | Profit Split | HFT Features | Key Limitations |
|---|---|---|---|---|
| Bulenox | Evaluation | 90% after first $10K | Supported | None |
| OneUp Trader | One-step evaluation | 90% after first $10K | Not supported | 10-second minimum trade duration |
| Kortana Fx | 8% profit target, no min days | Up to 100% | HFT bots allowed during evaluation | Manual trading required for funded accounts |
| FTMO | Two-phase evaluation process | Up to 90% | Supports HFT with robust platforms | US nationals restricted on some platforms |
Technology and Infrastructure
The quality of a firm’s technological infrastructure can make or break HFT strategies. Leading firms offer institutional-grade setups with ultra-low latency execution, enabling traders to maximize speed and efficiency. Some even provide co-location services to minimize delays further. However, these advanced systems often come with higher costs and stricter performance expectations. Other firms may focus on user-friendly platforms, which might sacrifice speed but cater to less tech-savvy traders.
Costs to Consider
The cost of working with a prop firm varies widely. Traders should carefully evaluate entry fees, ongoing expenses, and the overall value provided by the firm. Beyond the basic infrastructure, serious HFT operations often require additional investments, such as server resources or VPS hosting, to maintain peak performance.
Navigating Regulations
Regulatory compliance is another critical factor. Firms adopt different approaches to meet these demands. Some enforce conservative policies that limit certain HFT strategies, while others offer more flexibility but face increased scrutiny. As regulations evolve, traders may find that firms with stricter compliance measures provide greater stability in the long run, even if they impose tighter short-term restrictions.
Conclusion
When choosing a proprietary trading firm for high-frequency trading (HFT), it’s crucial to align your market focus with the firm’s infrastructure and offerings. The two main markets – futures and forex – each bring unique advantages for HFT strategies.
Futures prop firms are known for their regulated and transparent environments. They offer standardized contracts and reliable execution, making them a solid choice for traders who prioritize stability and clear-cut trading conditions.
Meanwhile, forex prop firms stand out for their flexibility. For instance, firms like Kortana Fx are recognized for their robust technological setups that enable rapid execution, which is vital for high-frequency strategies. Similarly, FTMO has gained attention for its platforms designed to handle the complexities of HFT. These distinctions highlight the importance of technology and cost when selecting a firm.
Investing in advanced technology is non-negotiable for HFT success. Features like co-location services and direct market access APIs provide the speed and precision needed to thrive in this fast-paced trading environment.
Cost is another critical factor to consider. While some firms offer profit splits as high as 100%, it’s important to account for expenses like technology fees and evaluation costs, which can impact your bottom line. Opt for firms with scalable cost models that balance profitability with necessary expenditures.
For futures traders, prioritize firms that offer direct exchange access and transparent order execution. On the other hand, forex traders should seek platforms that support continuous, 24/5 trading to maximize opportunities in the global forex market.
FAQs
How do the evaluation processes for high-frequency trading differ between Kortana FX and FTMO?
Kortana FX allows traders to implement high-frequency trading (HFT) strategies during its evaluation phase, including the use of automated tools like Expert Advisors (EAs). The primary goal here is to showcase steady profits and solid risk management in a simulated environment tailored for HFT.
FTMO also permits HFT but enforces stricter rules regarding the use of EAs and automated strategies. Their evaluation process centers on responsible trading habits, maintaining control over risk, and demonstrating consistent profitability within a defined number of trading days.
The main distinction between the two lies in their approach: Kortana FX offers more flexibility with HFT, while FTMO emphasizes stricter guidelines and a stronger focus on disciplined trading practices.
How does the profit-sharing model affect the earnings potential for high-frequency traders at futures and forex prop firms?
The way profit-sharing works at futures and forex prop firms is a major factor in determining how much high-frequency traders can earn. These firms usually split profits with traders, offering anywhere from 20% to 100% of the earnings, depending on their specific setup and policies.
When traders get a larger share of the profits, they keep more of what they earn. This creates a strong motivation to fine-tune their strategies and push for better results. For high-frequency traders, who depend on making small, consistent gains, having a favorable profit-sharing deal can make a big difference in their overall earnings.
What key technology should I look for in a prop firm that supports high-frequency trading?
When selecting a prop firm for high-frequency trading (HFT), the quality of their technological setup should be a top priority. You’ll want to find firms equipped with ultra-low-latency networks, as every millisecond counts in the world of HFT. Equally important is access to high-performance computing systems that can process massive amounts of data in real time without breaking a sweat.
Beyond speed and computing power, look for firms that offer secure and redundant data storage to safeguard your trading information. Access to advanced algorithmic trading software is another must-have, as it ensures your strategies can be executed with precision. And let’s not forget the basics: a dependable, high-speed internet connection paired with backup systems to keep your operations running smoothly, even in the face of unexpected hiccups. In HFT, reliability and speed aren’t optional – they’re everything.
