Forex prop trading firms are financial companies that are trading with their own money for profits. Since they are using their own capital to make profits in financial markets, they differ from other companies, especially Forex brokers. Prop firms typically employ professional traders and give them funded accounts to make profits and get a small percentage of profits in return. When a prop firm hires a trader, they need to ensure the trader is profitable, and they have several methods for selecting traders and protecting their capital. There is an evaluation phase where prop firms evaluate traders’ performance within predetermined risk and money management parameters. If a trader passes the challenge and hits the profit target without losing more than allowed, then they are given a funded account.
Prop firms have a small fee for the funded challenge, and their funded options vary from firm to firm. Anyone can sign up for the funded account evaluation phase and check their trading skills to start trading on a funded account. Being able to pay a small fee and manage a large trading account, often in thousands of dollars, is an attractive offering for anyone who wants to become a successful trader. However, there are numerous considerations before applying. The most obvious challenge is to find a reliable prop firm that
Understanding prop firms
Forex proprietary firms or prop firms in short are financial companies that give traders the unique possibility to operate a large trading account for a small fee. After the trader signs up for the challenge or evaluation phase, they pay a small fee depending on the funding option and prop firm and start the evaluation phase. During this phase, traders have to operate within predetermined risk parameters, typically this is certain limitations for daily losses and maximum drawdown. With these risk rules, prop firms ensure traders follow strong risk management strategies, allowing firms to protect their capital. Here is a typical list of requirements for a trader to pass the evaluation phase and get a funded trading account:
- An audition fee — paid to start the evaluation process
- Allowed daily loss — the trader can not lose more than a certain percentage of the audition account balance on any single day
- Profit target — the trader has to hit a profit target, which is a certain percentage of the audition account balance
- Maximum drawdown — the trader can not lose more than a certain percentage of the evaluation account in total
- Limiting certain types of trading — especially during news and over the weekends
There are usually other rules set, like limiting trading robots, but these rules vary from firm to firm. Some firms allow trading bots, while others prohibit them. There are typically two types of rules, hard rules and soft rules. The beaching of hard rules results in the termination of an audition account, while breaching soft rules will freeze the account and traders can unlock the account after paying some fees that are smaller than the initial audition fees.
The rules, audition fees, and funding options vary from firm to firm, and traders must have a clear understanding of the rules of the firm before starting the evaluation process.
The best Forex prop firms in Europe
After reviewing the prop firms on our platform using advanced research methodology, here are the best Forex prop firms in Europe. These first operate and accept clients from European countries.
Our top rated prop
Trader5
Our rating
Licences:
N/A
Currencies:
EUR
Trading Platforms:
Custom
Year founded:
2024
Promo Code:
N/A
Min Account size:
10,000 EUR
Trader5 Forex is a relatively new reliable firm with a 90% profit split and fast payouts. Enjoy 78-day payouts and starting fee of less than 100 EUR.
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Recommended
Blue Guardian
Our rating
Licences:
N/A
Currencies:
USD
Trading Platforms:
MT4
Year founded:
2019
Promo Code:
N/A
Min Account size:
10,000 USD
Blue Guardian offers $0 withdrawal fees, access to MetaTrader 4, no profit target after the audition, up to 85% profit split, and very low fees starting from $87.
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Funded Trading Plus
Our rating
Licences:
N/A
Currencies:
USD
Trading Platforms:
MT4, MT5
Year founded:
2013
Promo Code:
N/A
Min Account size:
5,000 USD (229 USD on Instant funded account)
Funded Trading Plus Forex prop firm is a solid player in the space. The firm offers funding for Forex trading from 5,000 to 250,000 USD and a scaling plan up to 2,500,000 USD.
Read ReviewFunded Trading Plus
Funded Trading Plus is a Forex proprietary trading firm that was established in 2013 giving the firm more than 10 years of experience in the industry. The funding options from Funded Trading Plus are between 5,000 and 250,000 USD and there is a scaling plan to reach up to 2.5 million USD.
Funded Trading Plus accepts traders from across the world including the European region as it is not a broker and does not provide financial services. The minimum audition fee for the smallest funded account of 5,000 USD starts from 119 USD and after passing the evaluation traders can start managing the account and earn profits. Funded Trading Plus allows traders to get up to 80-90% of the profits they make in trading activities.
Funded Trading Plus uses EightCap as the main broker, allowing traders to manage the firm’s funds. EightCap is a regulated Forex and CFDs broker and provides access to MT4 and MT5 advanced trading platforms with very low spreads from 0 pips on major pairs.
There are three types of funded accounts to choose from, One-phase, Two-phase, and Instant — no evaluation. The fee structure and funding range are different for each account. One-phase account has a minimum funding of 15,000 USD and is capped at 250,000 USD. The minimum fee to start auditioning for the 15,000 funding is 119 USD.
The two-phase account has minimum funding of 25,000 USD and a fee of 299 USD. The maximum funding option for two-phased accounts is capped at 200,000 USD.
The Instant – No Evaluation account starts from 5,000 USD funding with a fee of 225 USD. It does not require any evaluation from the trader, only following the risk parameters.
Funded Trading Plus has a scaling plan, allowing traders to scale their funded account after hitting a 10% profit on any funded account.
Since the firm is offering funded account opportunities on the EightCap platforms, the trading assets include more than 70 Forex pairs, 16 indices, and 8 spot commodities.
Here are the main rules and limitations for Funded Trading Plus:
- Profit split — 80% (90% after 20% profit)
- Profit target — 10%
- Maximum leverage — 1:30
- Maximum drawdown — 6%
- Daily loss limit — 3%
- EAs trading — allowed
- Holding positions over weekends — allowed
- Stop loss required — No
- Minimum withdrawable amount — 50 USD
Funded Trading Plus allows EAs or Expert Advisors, which are automated trading robots used for auto trading various markets.
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The Trading Pit
The Trading Pit was established in 2022 and allows traders to speculate on a vast array of assets including Forex pairs, stock CFDs, bonds, indices, commodities, and energies.
The Trading Pit hires traders from the European region freely without restrictions.
The range of funding options is between 10k EUR and 100k EUR. The Trading Pit offers funding accounts on GBEbrokers and FXFlat. These brokers are regulated and reliable. The firm has no reviews on the FPA yet.
The Trading Pit offers four different types of funding accounts, VIP, Executive, Standard, and Lite. The leverage is 1:30. The lite account comes with the smallest audition fee among the four accounts, starting from a 100 EUR fee for a 10k EUR account.
The VIP account has a minimum funding amount of 100,000 USD and the audition fee is 999 EUR. The profit share for the VIP account is 60-80%. Executive account has a 50k EUR funding and fee is 399 EUR, the standard comes with a 179 EUR fee for 20,000 USD, and lite has 10k USD funding for 99 EUR. The account base currency is USD, but fees can be paid in EUR, which is very attractive for European traders.
Here is the list of important hard rules when signing up for the Trading Pit prop firm challenges:
- Profit target — 8% for VIP, other accounts 10%
- Daily loss limit — 5%
- Maximum drawdown — 10%
- News trading — not allowed
- HFT trading — not allowed
- Scalping — not allowed
- Copy trading — not allowed
By following these rules, traders can pass the evaluation phase and start managing large funded accounts with up to 80% profit share.
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FTUK
Based in the UAE, FTUK or Forex Traders UK hires traders across Europe with funding accounts ranging from 14k to 5 million USD. The profit share is at 80%, meaning funded Forex traders can get 80% of their earned profits on funded accounts. The maximum leverage is also very attractive at 1:100 which is higher than what most prop firms offer. The firm currently offers two types of funded accounts and has increased the maximum drawdown from 6% to 8% allowing more flexibility with trading strategies. The broker partner of FTUK is EightCap which is a regulated Forex broker. FTUK was established in 2021 and has no reviews on FPA yet.
The firm offers several levels of funding with different funding balances and leverage. The lowest leverage is for level 1 traders with 3,500 funding and a 10% profit target, while the final level 8 comes with around 900k funding and no profit target requirement. The leverage for level 8 traders is 1:100. Traders can choose between different types of funding accounts ranging from 14,000 to 5.7 million USD upper limit. To access a higher funding ceiling, traders have to level up to higher levels, which requires a 10% profit hit for each level. Here is the scaling plan from FTUK:
- Funded account 14,000 USD – scales up to 896,000 USD
- Funded account 40,000 USD – scales up to 2,560,000 USD
- Funded account 60,000 USD – scales up to 3,840,000 USD
- Funded account 90,000 USD – scales up to 5,760,000 USD
The hard rules that must be followed by the trader who wants to pass the evaluation challenge are:
- Daily loss limit — none
- Maximum drawdown — 8%
- Stop loss rules — yes (maximum 1.5% loss for each trade)
- Scalping — allowed
- EAs — allowed
- Holding positions over weekends — allowed
The stop loss rule is soft, and breaching it will result in automatic position closure. Since scalping is allowed, Forex traders from the EU can use a wide range of methods to hit profit targets with high win-rate strategies.
Bulenox
Established in 2022, Bulenox accepts traders from Europe and across the world. The firm offers futures and options. Traders can speculate on futures and options for Forex currencies as well. Bulenox focuses on education, providing plenty of materials to new traders. There are no FPA reviews for Bulenox yet, as the firm is relatively young. The firm is based in the USA and offers a 90% profit share. Traders can withdraw 100% of the first 10,000 USD profits.
Bulenox offers four different funding options ranging from 25k to 150k USD. There are two account types, a Qualification Account, and a Master Account. Accounts are divided into four tiers, with higher funding amounts for each consecutive tier. The qualification account is for evaluating the trader’s ability to make profits while maintaining certain risk parameters.
The first tier is 25,000 USD with a profit target of 1,500 USD(6%), with the same drawdown of 6% and 100% profit split on the first 10k withdrawals. The monthly fee is 145 USD.
The second tier comes with a 50k funded account with a 6% profit target and a 2,500 USD maximum drawdown.
The third and fourth tiers are 100k and 150k funding respectively and similar requirements with profit targets. Maximum drawdown is 3%.
The futures offered by Bulenox cover a wide range of underlying asset classes including Forex, indices, commodities, and cryptos. Bulenox seems like one of the best choices for futures traders who want to get a large funded account for a small monthly fee.
Here are the important rules and limitations to trade on Bulenox funded accounts:
- News trading — not allowed
- Holding positions over weekends — not allowed
- Trading day hours — 5 pm — 4 pm the following day
- Daily loss limit — 6%
- Maximum drawdown — 6%
- Profit target — 6%
Traders have to develop and use trading strategies that align with the rules and limitations of Bulenox so as not to get frustrated.
Bulenox typically offers sales for various funded accounts, allowing traders to start with even smaller fees and trade on large accounts.
Fidelcrest
Fidelcrest is a prop firm that was established in 2018. It accepts traders from the European region and offers traders funded accounts to speculate on CFDs, cryptos, Forex, futures, and more. The minimum audition fee starts from 99 EUR for 15,000 USD accounts. Fidelcrest allows traders to access markets through several reputable brokers including TradeView, IC Markets, XM, Pepperstone, RoboForex, Blueberry Markets, and Purple Trading. Trading platforms include MT4 and MT5.
Fidelcrest offers several funded account types with different specs:
- Micro Trader Normal — 15k, 30k, and 60k funded options. 5% maximum daily loss limit, and 10% of max drawdown. Profit targets 10% and 5% for phases 1 and 2.
- Micro Trader Aggressive — Same deposit sizes as the Micro Trader Normal. 10% daily loss and 20% maximum drawdown. The profit target is 15% for both phases
- Pro Trader Normal —250k, 500k, and 1M funded options, respectively. 5% maximum daily loss and 10% maximum drawdown limits. The profit target for Phases 1 and 2 is 10%
- Pro Trader Aggressive — Deposits of $250,000 and $500,000. 250k and 500k funding amounts, with 10% daily and 20% max drawdown. The profit target for Phases 1 and 2 is 20%
Fidelcrest allows traders to speculate a wide range of assets of 175 products in total. Assets include Forex, CFDs, metals, commodities, and stock CFDs.
When it comes to rules and limitations, here is the list of most critical limitations:
- Overnight trading — allowed
- Automatic trading and EAs — allowed
- Over the weekend trading — allowed
- Maximum leverage — 1:100
- Trading volume limits — None
- Minimum trading days — no
- The smallest position size — from 0.01 lots
As we can see, traders can employ a wide range of trading strategies which is very flexible.
The leverage of 1:100 when trading large funded accounts of 20 grand and more is more than enough to hit all the profit targets while maintaining a decent control of risks.
Since the firm has partnered with multiple brokers, trading platforms include MT4, MT5, cTrader, and TradingView.
Traders can get up to 90% of profits made on funded accounts, and withdrawal fees are zero. The profit-sharing agreement depends on the funded account types, with the Pro and Micro Trader Normal accounts paying up to 80%, while the Aggressive accounts pay 90%. The withdrawal can be made after at least 11 days of trading.
Forex Prop Firm
Forex Prop Firm or FPF is a Forex proprietary firm that was launched in 2015. The firm is based in Canada and accepts traders from around the world, including the European region. The maximum funding amount is 200k, but there is a scaling plan allowing traders to increase funding up to 10 million USD.
FPF allows traders to access markets via EightCap, a regulated Forex broker. Because of this, spreads are low, and trading assets are diverse including Forex, CFDs, commodities, and more. The leverage is capped at 1:30 for FX pairs, 1:10 for cryptos, and 1:5 for stocks.
The funding options offered by FPF vary depending on the funded account type. Four different funded accounts are available such as 1-Step Challenge, FPF 2-Step Challenge, FPF 2-Step Challenge (Without time limits), and Instant Funding accounts.
The 1-Step Challenge, FPF 2-Step Challenge, and FPF 2-Step Challenge (Without time limits) funding are between 25k and 200k, while the instant account has a range from 10k to 200k.
Traders can speculate using the MT4 and MT5 advanced trading platforms provided by EightCap.
Here is the list of critical rules when applying for the FPF funding challenges:
- Profit target — 10% max drawdown — 6%
- Daily loss limit — from 4% depending on the account
- EA’s, Signals, Overnight & Weekend Position(s) Accepted – Allowed
The minimum audition fee starts from 189 USD for a 10,000 USD funding option. The profit sharing is set to 90%. Profits can be withdrawn once the trader hits the 5% profit target on their funded account. The withdrawals are locked for the first 30 days. FPF is not focused on education and only targets traders with substantial experience in the markets, but anyone can try any of their accounts.
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FXIFY
FXIFY is a Forex prop trading firm based in London and accepting traders from all over the globe, including the EU region. The firm was founded in 2023 and has not yet been rated on the FPA platform. The starting fee is from 99 USD and the funding ranges from 15k to 400k USD. There are no limited trading styles and traders can use any of the trading strategies as long as they do not breach any of the hard rules. The firm is partnered with FXPIG. FXPIG is regulated by the Vanuatu Financial Service Commission (VFSC). Six different categories of funding can be selected, 15k, 25k, 50k, and 100k funding options. Expert traders can get 200k and 400k funded accounts. The fees for different funding options vary from 99 USD to 2k.
FXIFY allows traders to speculate over 300 trading instruments in various asset classes. The tradable assets include Forex pairs, cryptos, metals, energies, US stock CFDs, and global index CFDs.
The rules and limitations are as follows:
- Daily loss limit — 5%
- Max drawdown — 6%
- Profit target — 10%
- Minimum trading days — 5
- Maximum trading days — unlimited
- Gird trading — allowed
- Martingale strategies — allowed
- EAs and trading bots-allowed
The leverage is capped at 1:50 and payouts are possible twice per week. There are 0 USD commissions for withdrawals which is a very good sign and traders can get 15% more profit share for achieving profit targets consistently.
E8 Funding
E8 Funding is a Dallas-based proprietary trading firm that was established in 2021. The upper limit through the scaling pan is 1 million USD, while the normal maximum funding is capped at 300k USD. The minimum funding option is higher than 25 grand and the maximum drawdown allowed is 8%. The firm has not yet rated on the FPA as it is a relatively young company. There are two funded account types, normal and extended. Phase 2 of the evaluation process has a lower profit target of 5%. The minimum funding starts at 25k for both accounts, while the maximum ceiling without the scaling plan is 300k and 250k respectively. There are no lower funding options, and traders can increase their funding amounts by consistently performing profitably.
The trading assets include Forex pairs, crypto pairs, indices, energies, and metals. There are 39 currency pairs available with leverage of 1:50. Cryptos come with 1:5 leverage, and commodities and indices have 1:50.
Let’s examine the rules and limitations of E8 Funding:
- Daily loss limit — 5%
- Maximum drawdown — 8-14%
- Minimum trading days — 5
- News trading — allowed
- Holding positions over weekends — allowed
- EAs and trading bots — allowed
There are no advanced trading platforms, but a custom proprietary trading platform that is built inside a trader’s dashboard.
The profit share is 80% and profits can be withdrawn after 8 days of live trading with 1-2 business days processing times.
The fees start from 138 USD for 25k accounts and increase depending on the funded amount:
- $138 for the $25,000 account
- $208 for the $50,000 account
- $358 for the $100,000 account
- $598 for the $250,000 account
- Maximum $988 after account scaling (up to $1 million)
The fees are refundable if the trader has paid at least 228 USD.
Addressing risks when selecting a prop firm
When selecting a prop firm, there are several risks to consider:
- Reliability of the prop firm and absence of hidden rules
- Managing risks associated with prop trading
The prop firm should be a reliable company with more than 3 years of experience to assume it has a track record of being honest and fair with its traders. Another important aspect of being reputable is to have reviews on the FPA and offer trading opportunities through regulated brokers. Some unreliable firms have hidden rules, and traders might get frustrated when their account gets canceled because of rules they cannot clearly see on the website. These rules are usually hidden within user agreements and are difficult to find. Reputable prop firms have no hidden rules and everything is clearly visible on their website.
After selecting a reliable prop firm, it is critical to have a trading strategy that aligns with the rules and limitations of the firm. The majority of firms have daily and maximum drawdown limits. When using certain trading strategies, those limits may be hit, resulting in a disqualification of a trader. Trend-following strategies with large stop losses will make it difficult for a trader to hit profit targets in a reasonable period, while swing trading and scalping strategies will have better results. Since the majority of prop firms have 5% daily loss limits, the most suited strategies to use are scalping strategies with high win rates. Higher win rates are better to operate within strict risk parameters and hit profit targets.
News trading, trading bots, and holding positions overnight and over weekends are also typically restricted. Traders have to constantly monitor for any high-impact news and close all open positions before 30 minutes and only open positions after 30 minutes from the news release hour. However, many top-tier prop firms like the pens on this page have fewer restrictions, allowing traders to use a wide range of trading styles and approaches that are very flexible.
