11 Best MT5 Prop Firms 2024

Proprietary trading firms, or prop firms, have become increasingly popular among traders seeking to utilize larger capital pools and benefit from professional support. As we move into 2024, the space of MT5 prop firms continues to expand, offering traders a wide array of options to suit their individual needs and trading styles. This article explores the 11 best MT5 prop firms of 2024, providing insights into their unique offerings and key features.

🔗 Top 11 MT5 Prop Firms 2024

Prop Firm	Profit Split	Evaluation Process	Account Sizes	Trading Platform
Blue Guardian	90%	Evaluation phases	$5,000 – $1,000,000	MT5
Alpha Capital Group	80%	2-step evaluation	Up to $200,000	MT5
City Traders Imperium	Up to 100%	Challenges and Talent Cultivation	$2,500 – $2,000,000	MT5
Crypto Fund Trader	80%	Examination process	Up to $200,000	MT5
E8 Funding	80%	Register and customize the plan	$25,000 – $1,000,000	MT5
Direct Funded Trader	Varies	Varies	$15,000 – $200,000	MT5
FTMO	80%	2-step evaluation	Up to $400,000	MT5
Funded Trading Plus	Up to 100%	1-step and 2-step evaluations	$5,000 – $200,000	MT5
FundedNext	95%	No time limits for challenges	Up to $300,000	MT4/MT5
FXIFY	Varies	1-3 steps	$15,000 – $400,000	MT4/MT5
Fintokei	Up to 90%	Evaluation phases	Up to €4,000,000	cTrader

1. Blue Guardian

Blue Guardian has established itself as a leading prop firm in the trading industry, offering traders the opportunity to access substantial capital and benefit from a supportive trading environment. Founded with the mission to empower traders, Blue Guardian provides a platform for skilled individuals to showcase their talents and potentially earn significant profits. The firm’s commitment to transparency and trader success has made it a popular choice among both novice and experienced traders looking to take their trading careers to the next level.

Blue Guardian Key Features

Generous profit split of up to 90% for traders, allowing for substantial earning potential
Flexible account sizes ranging from $5,000 to $1,000,000, catering to traders at various experience levels
Complete evaluation process designed to identify and nurture trading talent
Access to advanced trading tools and educational resources to support trader development
Responsive customer support team dedicated to addressing trader inquiries and concerns promptly

2. Alpha Capital Group

Alpha Capital Group has emerged as a prominent player in the prop firm arena, offering traders a unique blend of capital access and professional development opportunities. With a focus on fostering long-term partnerships with talented traders, Alpha Capital Group provides a supportive ecosystem that encourages growth and success. The firm’s innovative approach to trader evaluation and ongoing support has attracted a diverse community of traders seeking to elevate their trading careers.

Alpha Capital Group Key Features

Competitive profit split structure with the potential for increased percentages based on performance
Customizable account sizes to accommodate different trading strategies and risk tolerances
A rigorous but fair evaluation process designed to identify consistent and disciplined traders
Regular webinars and educational content to help traders improve their skills and stay informed
Opportunity for top-performing traders to join the firm’s in-house trading team

3. City Traders Imperium

City Traders Imperium has built a reputation as a trader-centric prop firm, focusing on providing a supportive and nurturing environment for aspiring and experienced traders alike. With a strong emphasis on education and skill development, City Traders Imperium offers a comprehensive platform for traders to grow their expertise while accessing significant trading capital. The firm’s commitment to trader success is evident in its innovative programs and ongoing support services.

City Traders Imperium Key Features

Flexible funding options with account sizes ranging from $2,000 to $2,000,000
Unique evaluation process that includes both challenge and verification stages
Extensive educational resources, including live trading sessions and strategy workshops
Opportunity to earn performance-based bonuses and increased profit splits
Dedicated account managers to provide personalized support and guidance

4. Crypto Fund Trader

As the cryptocurrency market continues to evolve, Crypto Fund Trader has positioned itself as a leading prop firm specializing in digital asset trading. Offering traders the opportunity to capitalize on the volatile and potentially lucrative crypto markets, Crypto Fund Trader provides a unique platform for those looking to focus on cryptocurrency trading. The firm’s expertise in the crypto space and its tailored approach to trader support make it an attractive option for crypto enthusiasts.

Crypto Fund Trader Key Features

Specialized focus on cryptocurrency trading, providing access to a wide range of digital assets
Competitive profit splits with the potential for increased percentages based on performance
Flexible account sizes to accommodate different trading styles and risk appetites
Complete educational resources focused on cryptocurrency market analysis and trading strategies
Advanced risk management tools tailored specifically for crypto trading

5. E8 Funding

E8 Funding has quickly risen to prominence in the prop firm industry, offering traders a modern and efficient platform to showcase their skills and access substantial trading capital. With a focus on technology and innovation, E8 Funding provides a streamlined evaluation process and user-friendly interface that appeals to tech-savvy traders. The firm’s commitment to fairness and transparency has earned it a loyal following among traders seeking a reliable and forward-thinking prop firm partner.

E8 Funding Key Features

Rapid evaluation process with the potential for quick funding upon successful completion
Scalable account sizes allow traders to grow their capital as they demonstrate consistent performance
Advanced trading platform with cutting-edge analytical tools and real-time market data
Regular trading challenges and competitions to motivate and reward top-performing traders
Complete risk management system to protect both trader and firm capital

6. Direct Funded Trader

Direct Funded Trader has carved out a niche in the prop firm market by offering a unique direct funding model that bypasses traditional evaluation processes. This innovative approach allows skilled traders to access significant trading capital more quickly, making it an attractive option for experienced traders confident in their abilities. Direct Funded Trader’s commitment to providing a straightforward and efficient path to funded trading has resonated with many in the trading community.

Direct Funded Trader Key Features

Direct funding model that eliminates the need for lengthy evaluation periods
Flexible account sizes with the potential for rapid scaling based on performance
Competitive profit split structure with opportunities for increased percentages
Robust risk management framework to ensure responsible trading practices
Regular performance reviews and feedback sessions to support trader growth

7. FTMO

FTMO has long been recognized as one of the industry leaders in the prop firm space, known for its rigorous evaluation process and substantial funding opportunities. With a global presence and a reputation for nurturing trading talent, FTMO continues to be a top choice for traders seeking to prove their skills and access significant capital. The firm’s commitment to transparency and trader success has solidified its position as a trusted name in the prop trading world.

FTMO Key Features

Complete a two-step evaluation process designed to identify disciplined and consistent traders
Large account sizes are available, with options up to $400,000 for successful traders
Attractive profit split structure with the potential for increased percentages over time
Extensive suite of analytical tools and performance metrics to support trader development
Regular educational webinars and market analysis sessions conducted by industry experts

8. Funded Trading Plus

Funded Trading Plus has gained recognition for its trader-friendly approach and flexible funding options. Catering to traders of various experience levels, the firm offers a supportive environment that encourages growth and skill development. With a focus on building long-term relationships with traders, Funded Trading Plus provides a comprehensive platform for individuals looking to transition into professional trading or expand their existing trading careers.

Funded Trading Plus Key Features

Multiple account types to suit different trading styles and experience levels
Customizable evaluation parameters to accommodate various trading strategies
Competitive profit split structure with opportunities for increased percentages
Complete educational resources and regular market updates
A dedicated support team to assist traders throughout their journey with the firm

9. FundedNext

FundedNext has emerged as an innovative player in the prop firm industry, offering a unique blend of traditional evaluation processes and modern trading technology. With a focus on identifying and nurturing trading talent, FundedNext provides a platform that appeals to both novice and experienced traders. The firm’s commitment to continuous improvement and trader success has made it a popular choice among those seeking a forward-thinking prop firm partner.

FundedNext Key Features

Streamlined evaluation process with clear and achievable targets
Flexible account sizes ranging from $5,000 to $200,000 to suit different trader needs
Advanced trading platform with integrated risk management tools
Regular trading challenges and competitions with attractive prizes
Comprehensive performance analytics to help traders identify areas for improvement

10. FXIFY

FXIFY has established itself as a reliable and trader-centric prop firm, focusing on providing a supportive environment for forex and CFD traders. With a commitment to transparency and fair practices, FXIFY offers a platform that allows traders to showcase their skills and potentially earn significant profits. The firm’s emphasis on education and ongoing support has made it a popular choice among traders looking to grow their expertise while accessing substantial trading capital.

FXIFY Key Features

Flexible evaluation process with options for both challenge and verification stages
Competitive profit split structure with the potential for increased percentages
A comprehensive suite of educational resources, including video tutorials and webinars
Regular market analysis and trading signals to support informed decision-making
Dedicated account managers to provide personalized support and guidance

11. Fintokei

Fintokei rounds out our list of top MT5 prop firms for 2024, offering a unique approach to trader evaluation and funding. With a focus on fostering a community of skilled traders, Fintokei provides a platform that encourages collaboration and knowledge sharing. The firm’s innovative programs and commitment to trader success have attracted a diverse group of individuals seeking to elevate their trading careers.

Fintokei Key Features

Unique evaluation model that considers both performance and risk management skills
Scalable account sizes with opportunities for rapid progression based on consistent performance
Regular trading workshops and strategy sessions led by experienced professionals
A collaborative trading environment that encourages knowledge sharing among traders
Comprehensive risk management framework to ensure responsible trading practices

Quick Q&A Related to 11 Best MT5 Prop Firms

What is The Typical Profit Split offered by MT5 Prop Firms?

The profit split in MT5 prop firms typically ranges from 50/50 to 90/10, depending on the firm’s policies and the trading account type. Some firms offer even higher splits, such as 100%.

How do MT5 Prop Firms Evaluate Traders?

MT5 prop firms typically evaluate traders through structured programs that often include multiple phases where traders must meet specific profit targets and adhere to strict risk management rules.

What Trading Platforms do MT5 Prop Firms support?

Many MT5 prop firms primarily support MetaTrader 5 (MT5) and may also offer additional platforms like TradeLocker.

What Are The Typical Drawdown Limits in MT5 Prop Firms?

Most MT5 prop firms typically have drawdown limits set between 4% to 10%, with a common daily loss limit of around 5%.

How do MT5 Prop Firms handle Payouts?

MT5 prop firms handle payouts through profit-sharing agreements, typically processing payments bi-weekly based on trader performance.

Are MT5 Prop Firms regulated?

Most MT5 prop firms are not regulated, operating mainly with their own capital and without the same oversight as traditional forex brokers.

What Instruments Can You Trade with MT5 Prop Firms?

You can trade a wide range of instruments with MT5 prop firms, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies.

How do MT5 Prop Firms manage Risk?

MT5 prop firms manage risk through diversification, setting position sizes, implementing stop-loss orders, and actively monitoring market conditions.

🔗 To Conclude

These 11 MT5 prop firms stand out for their innovative approaches, trader-centric policies, and commitment to fostering trading talent. Whether you’re a novice trader looking to start your journey or an experienced professional seeking new opportunities, these firms offer a range of options to suit various trading styles and goals. As always, it’s crucial for traders to carefully review each firm’s terms and conditions, and choose a partner that aligns with their individual needs and aspirations!