We help traders find the best prop firms by comparing features, trade costs, and execution speeds. Our rankings focus on profit payouts, account costs, leverage, and funding steps, with regular updates and thorough platform testing by our research team.
At PropFirms, our rankings provide a comprehensive, data-driven evaluation of prop trading firms, scoring each firm based on the factors that matter most to traders.
We apply a detailed, weighted scoring system, which reflects a firm’s performance across multiple categories such as trading costs, account options, evaluation challenges, and platform usability.
Each category’s score feeds into an overall rating, prioritising aspects that directly impact a trader’s experience and earnings potential. We thoroughly look at the pros and cons of prop trading with each firm, helping traders make well informed decisions.
In our methodology, each prop trading firm is evaluated on its approach to onboarding and challenge structures, as these processes often reveal the firm’s transparency, accessibility, and fairness in funding.
Each prop firm’s scoring in this area depends on the flexibility, clarity, and cost of their evaluation challenges, with a focus on the following:
Scoring Example
Spreads and commission fees are crucial for maintaining profitability, especially in high-frequency trading.
Firms are scored based on how well they control these costs, with lower spreads and transparent, competitive commission rates scoring higher.
Transparent cost structures that keep total trading fees low are prioritized in our assessments.
Scoring Example
It’s important to note that we have specific pages for different tradable prop instruments where the fees of that market are the prime focus. This included the following pages:
A diverse market selection and appropriate leverage give traders more flexibility in strategies. We look for firms that offer a broad range of financial markets, from forex and indices to commodities and crypto.
Leverage that allows traders to balance opportunity and risk, typically up to 50:1 for forex, also ranks higher.
Scoring Example
Leverage and markets may be restricted based on the trader’s location. For this reason, we have created trader based pages with ratings based on what prop trading firms can offer these individuals including:
Platforms play a key role in traders’ experience, so we assess firms based on the quality and versatility of their trading platforms. Firms that offer multiple platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, or TradingView score higher, especially if they come with advanced tools, high performance, and mobile accessibility.
Scoring Example
Profit payouts are essential for traders looking to access earnings without delay. Firms are scored on payout frequency, minimum withdrawal amounts, and profit split percentages. Firms offering low minimums, higher splits, and fast payout cycles earn higher marks for supporting trader cash flow and flexibility.
Scoring Example
A prop firm’s support and educational resources are vital for a positive trading experience.
Trading firms with responsive 24/7 support, especially with live chat and phone options, are scored higher. Educational resources, such as tutorials, guides, and webinars, especially those relevant to prop trading, also contribute to higher scores.
Scoring Example
Trust and community engagement reflect a firm’s reliability and openness. We consider reviews on platforms like Trustpilot, the transparency of fees and policies, and the presence of active communities (e.g., Discord).
Prop firms with high ratings and clear policies score well, along with those that facilitate community support.
Scoring Example
A straightforward, quick sign-up process is essential for a smooth onboarding experience. Firms that offer simple, secure sign-up forms and immediate access to evaluation challenges score highly. Clear KYC requirements and guidance on the onboarding process also add to the score.
Scoring Example
The overall score is a comprehensive assessment that combines each category’s individual rating, creating a single, consolidated score that reflects a prop firm’s overall performance.
This score helps traders quickly gauge a firm’s strengths and limitations, with a higher score indicating a firm that excels across essential aspects such as challenge accessibility, trading costs, platform usability, and payout policies.
Each category is weighted based on its impact on a trader’s experience and potential earnings. For instance, factors like challenge accounts and profit payouts receive higher weights due to their direct influence on a trader’s financial success, while factors like customer support and community contribute to the firm’s accessibility and supportiveness.
| Prop Firm Quality | Score |
|---|---|
| Outstanding performance across all categories, offering the best challenges, high flexibility, low costs, and strong customer support. | 80 - 90/100 |
| Good balance of features but may have minor limitations in areas like platform range or customer support. | 60 - 79/100 |
| Significant limitations in multiple categories, potentially restricting trader success and flexibility. | 0 - 59/100 |
By combining individual scores into an overall rating, our methodology provides a balanced view of each prop trading firm, helping traders identify which firms best align with their trading goals and preferences. This consolidated rating offers a clear, data-driven way to compare prop firms side by side.
Our methodology ensures traders have a clear understanding of each prop firm’s strengths and limitations. By consistently reviewing and updating our scoring, we strive to provide relevant, up-to-date insights to support informed trading decisions.
