Any legit prop trading companies? | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Any legit 1000:1+ leverage brokers? 30 replies

VennD - Any Pairs - Any Style - Any Time 741 replies

Any suggestion for a legit broker for a cent or micro account? 5 replies

Bogus Forex award or legit? 3 replies

Anyone use GFTforex? Is it legit? 12 replies

Any legit prop trading companies?

  • #1
  • First Post: Sep 29, 2015 4:28pm Sep 29, 2015 4:28pm
Hey folks, I know people who trade with TopStepTrader and I found another I think it was called Pulsar, but they're not taking on new traders at the moment and TST aren't doing FX.

Does anyone know any prop trading companies, I can apply to who are legitimate and come recommended?

Thanks!
"Never Take a Trade You Don't Understand!" - Pres78
  • #2
  • Oct 24, 2016 5:50pm Oct 24, 2016 5:50pm
visit this website: http://www.traderslog.com/proprietarytradingfirms/
  • #3
  • Jul 17, 2025 10:37pm Jul 17, 2025 10:37pm
As a prop trader who has almost tried all prop firms, Hola Prime is one of the few prop firms I find "easy on me" these days.I can confidently say it's one of the most legitimate and trader-focused firms out there because it delivers one-hour payouts along with partnerships with fast payment platforms. It offers a scalable funding plan up to $4 million, with systematic balance increases of 25–50% every few months for consistent performance, also it publishes daily tick-by-tick Price Transparency Reports aligned 99% with benchmarks like TradingView and it supports traders with cutting-edge tools, including multiple platform options (cTrader, MT4, DX Trade) and one-on-one mentorship through Prime Academy, giving personalized coaching from veteran traders.
You should definitely check this one out.
  • #4
  • Jul 18, 2025 2:09am Jul 18, 2025 2:09am
Quoting ZeeDeveel
Any legit prop trading companies?
The business model of these companies is fundamentally flawed - it can only work as long as more is payed in (by traders) than is spent (by all operations, including, but not limited to, payouts).
Return To Disorder
  • #5
  • Jul 18, 2025 2:34am Jul 18, 2025 2:34am
Quoting rockit
{quote} The business model of these companies is fundamentally flawed - it can only work as long as more is payed in (by traders) than is spent (by all operations, including, but not limited to, payouts).
Model seems to be profitable already more than 10 years.
Most use online funding companies like lottery tickets, all or nothing trading.
I might be wrong , I have been wrong before
  • #6
  • Jul 18, 2025 2:44am Jul 18, 2025 2:44am
Quoting Mandariin
{quote} Model seems to be profitable already more than 10 years.
Yes, because they defraud traders and don't pay.. (They pay some, and for a while, ofcourse, to fake reputation; and they use affiliates for promotion).
Now, it is not a secret that most traders lose, thus it can work for them for quite a while, it will all depend, it's a bit like casino.

However, traders care for their profits, if they get payed, not about the company. And, yes, if they are lucky. It's gambling on both, gains, and payments.
Return To Disorder
  • #7
  • Jul 18, 2025 3:23am Jul 18, 2025 3:23am
Quoting ZeeDeveel
Hey folks, I know people who trade with TopStepTrader and I found another I think it was called Pulsar, but they're not taking on new traders at the moment and TST aren't doing FX. Does anyone know any prop trading companies, I can apply to who are legitimate and come recommended? Thanks!
So, you wouldn't consider trading Futures?

It takes a lot for me to IGNORE you, but you can try.
  • #8
  • Jul 18, 2025 3:25am Jul 18, 2025 3:25am
Quoting ethanparker
As a prop trader who has almost tried all prop firms, Hola Prime is one of the few prop firms I find "easy on me" these days.I can confidently say it's one of the most legitimate and trader-focused firms out there because it delivers one-hour payouts along with partnerships with fast payment platforms. It offers a scalable funding plan up to $4 million, with systematic balance increases of 25–50% every few months for consistent performance, also it publishes daily tick-by-tick Price Transparency Reports aligned 99% with benchmarks like TradingView...
WTF?

You opened a 10-year old dead thread and I replied to the guy

It takes a lot for me to IGNORE you, but you can try.
  • #9
  • Jul 18, 2025 7:05am Jul 18, 2025 7:05am
Quoting Erebus
{quote} WTF? You opened a 10-year old dead thread and I replied to the guy
It's probably just a promotional account and he's here to shill this shady and unknown prop firm. New account, 2 posts, and digs out this useless old post. Yup, seems about right.
  • #10
  • Jul 18, 2025 11:49am Jul 18, 2025 11:49am
Quoting rockit
{quote} The business model of these companies is fundamentally flawed - it can only work as long as more is payed in (by traders) than is spent (by all operations, including, but not limited to, payouts).
I don't think the business model is fundamentally flawed, because there are a lot of prop firms that make a ton of money off of retail traders that blow up account after account. When you look at the stats around 90% of all retail traders are consistenly losing money. The failure rate of the prop firm challenges are really high and they make a lot of money off of that. I know traders who spent more than 6-figures only on prop firm challenges. Only a really small percentage is getting really a payout. Additionally prop firms make money off of selling market data about their clients to institutions. These institutions then build strategies or algos that can outperform the market. So all in all you can say the business model is profitable for the prop firm if you do it correctly with good marketing.
#setandforget
  • #11
  • Jul 18, 2025 12:43pm Jul 18, 2025 12:43pm
Quoting Subsequent
{quote} I don't think the business model is fundamentally flawed, because there are a lot of prop firms that make a ton of money off of retail traders that blow up account after account. When you look at the stats around 90% of all retail traders are consistenly losing money. The failure rate of the prop firm challenges are really high and they make a lot of money off of that. I know traders who spent more than 6-figures only on prop firm challenges. Only a really small percentage is getting really a payout. Additionally prop firms make money off...
It same with CFD brokers. You are trading against the broker not the fellow traders.
I might be wrong , I have been wrong before
  • #12
  • Jul 19, 2025 10:00am Jul 19, 2025 10:00am
Quoting Mandariin
{quote} It same with CFD brokers. You are trading against the broker not the fellow traders.
There are ECN brokers that provide direct access to liquidity providers, without taking the opposite side of the clients trades.
This allows for more transparent order execution, with spreads typically tighter and no conflict of interest between broker and trader.
  • #13
  • Sep 2, 2025 11:38am Sep 2, 2025 11:38am
Quoting rage22
There are ECN brokers that provide direct access to liquidity providers, without taking the opposite side of the clients trades.

That's certainly what they'd like you to believe, anyway.

But strangely enough, if you ever actually discuss it with anyone who's worked in the industry for either a broker or a regulator, they'll always tell you something very different.

And in the case of all the not-so-well-regulated ones (the great majority, in other words), there's no way of way of knowing exactly what they mean by "STP" or "ECN", is there? Different brokerages use these initials (together with "NDD" and "DMA" and various other technical abbreviations designed to fool potential customers) to try to make it look like they're not your counterparty when they actually are.

And sometimes there really is a "liquidity provider", but it's actually owned by the brokerage, or it owns the brokerage, without that reality being disclosed to the customers.

But retail forex traders traditionally don't like hearing these realities, as they can take struggling traders outside their comfort zones. So let's just gloss over it and pretend that you can trade forex without needing to bet against a counterparty who gains when you lose.
  • #14
  • Sep 17, 2025 12:27pm Sep 17, 2025 12:27pm
Quoting BrokerChoker
{sometimes there really is a "liquidity provider", but it's actually owned by the brokerage, or it owns the brokerage, without that reality being disclosed to the customers.

This "trick" was what got FXCM kicked out of the U.S.

So sometimes the regulators do actually do their job (contrary to what some folk posting in forums seem to imagine, lol!).
  • #15
  • Feb 15, 2026 2:49am Feb 15, 2026 2:49am
I recommend ftmo and the5ers, because they are ligit and old firms.
  • #16
  • Feb 23, 2026 11:06pm Feb 23, 2026 11:06pm
it’s crazy how many options there are now. I’ve been checking out FTMO, The5ers, and FundedNext myself all legit, all with clear rules.
Honestly, the hardest part isn’t finding a firm, it’s sticking to the plan once you’re funded. Some people think prop trading is a shortcut, but it’s really about discipline, risk management, and patience.
  • #17
  • Mar 12, 2026 10:44pm Mar 12, 2026 10:44pm
Quoting RickN
it’s crazy how many options there are now. I’ve been checking out FTMO, The5ers, and FundedNext myself all legit, all with clear rules. Honestly, the hardest part isn’t finding a firm, it’s sticking to the plan once you’re funded. Some people think prop trading is a shortcut, but it’s really about discipline, risk management, and patience.
I would have to disagree with your comment regarding fundednext being legit, at least the CFD company. I closed all my profitable positions on a CFD account some time back and they breached me for 'too many emails'. MT5 (with these guys at least) transmits anywhere between 5+ emails per side with any position, when I closed my positions as target was reached, they breached my account.
Just saying, there are several hidden 'gotcha's they will strike you with.

Obviously futures cannot do this, and this was before they set up their futures model.
My comments are not to be taken as trading advice, not a financial advisor
  • #18
  • Mar 12, 2026 11:28pm Mar 12, 2026 11:28pm
Quoting cogs
{quote} I would have to disagree with your comment regarding fundednext being legit, at least the CFD company. I closed all my profitable positions on a CFD account some time back and they breached me for 'too many emails'. MT5 (with these guys at least) transmits anywhere between 5+ emails per side with any position, when I closed my positions as target was reached, they breached my account. Just saying, there are several hidden 'gotcha's they will strike you with. Obviously futures cannot do this, and this was before they set up their futures...
You should take a serious look at this one
https://koprivateprop.com/
Investment Trading
  • #19
  • Mar 20, 2026 5:09pm Mar 20, 2026 5:09pm
Quoting Doubla
{quote} You should take a serious look at this one https://koprivateprop.com/
Interesting that Fundednext called my closing of positions Hyperactivity. Hyperactivity is listed as a prohibited practice on koprivateprop's website. It is one of many 'catch all' terms, which if a company does not like you or your trading method, then any trading activity can fall under one of these 'catch all' terms.
Quote
Prohibited Practices
KOPrivateProp prohibits abusive or exploitative strategies including All in One trading, Quick Strike Method, High Frequency Trading, Group Hedging, Arbitrage, Tick Scalping, Grid Trading, Latency Trading, Account Rolling, Hyperactivity, exploiting Demo server errors, Guarantee of profit during low liquidity, and Account or Device Sharing. Such methods distort markets, bypass fair rules, or show unsustainable trading behavior. Violations lead to account termination, payout denial, or permanent bans.
KOPrivateProp prohibits...
My comments are not to be taken as trading advice, not a financial advisor
  • #20
  • Mar 20, 2026 6:03pm Mar 20, 2026 6:03pm
Quoting cogs
{quote} Interesting that Fundednext called my closing of positions Hyperactivity. Hyperactivity is listed as a prohibited practice on koprivateprop's website. It is one of many 'catch all' terms, which if a company does not like you or your trading method, then any trading activity can fall under one of these 'catch all' terms. {quote}
Take another look.
KiwiOz has seen your post and has taken appropriate action to remove those restrictions. Thats the reason he is delaying the opening. To eliminate glitches like that
Investment Trading
0 traders viewing now