Funder Trading
Funder trading involves the strategic buying and selling of financial instruments to optimize returns, focusing on market trends and investor behavior to make informed decisions.
Funded Trading Plus
Funded Trading Plus offers traders access to substantial capital, allowing them to trade up to $2.5 million while keeping 100% of their profits through a unique simulated-live environment.
Use Code:
“12NOW”
Finding a reputable prop trading firm to back your skills can transform a trader’s career. While FTMO Alternatives Competitors stands as an industry leader, its rigorous combine and verification phases are notoriously challenging to pass. This leaves many skilled traders seeking more accessible alternatives to prove their talent and secure funding.
This article compiles the top 12 FTMO alternatives in 2024, spanning newer entrants like Funded Trading Plus to established names like Topstep. With insightful comparisons across profit targets, account sizes, and asset classes traded, traders can identify the best fit to match their experience level and trading style.
Whether seeking higher profit splits, lower barriers to entry, specific tradable assets, or more lenient trading requirements, this guide serves as an invaluable starting point for locating the ideal FTMO alternative on the path to funded trading success.
How Did We Choose the Best FTMO Alternatives Competitors 2024?
Selecting the leading FTMO alternatives for 2024 required extensive research across over 50 prop trading firms. We analyzed key attributes like profit targets, account sizes, asset classes, platforms, and funding models to highlight the top contenders catering to diverse trading styles. While FTMO stands as an industry trailblazer, its rigorous combined phases deter many skilled traders from securing funding.
We focused on unearthing challenger prop firms with more accessible account openings alongside appealing profit splits. Blending newer entrants like Funded Trading Plus and SurgeTrader with established leaders like Topstep delivers a balanced perspective.
Prioritizing customer feedback and examining the fine print around trading requirements provided invaluable insights. Ultimately, the goal was to empower traders to evaluate the unique strengths of 12 leading prop firms to pinpoint the ideal alternative aligning with their experience level and aspirations on the path to funded trading.
With lower barriers to entry in many cases, this guide serves as an essential starting point for traders seeking alternatives on par with FTMO’s reputation and potential.
List of the 12 Best FTMO Alternatives 2024
| Prop Firm | Key Feature |
|---|---|
| Funder Trading | Loved by Traders Globally |
| Funded Trading Plus | A wider range of trading platforms |
| Topstep | 8-day trading combine |
| FunderPro | More lenient requirements |
| 3Red Partners | Up to 90% profit split |
| Akuna Capital | Significant capital funding |
| Belvedere Trading | Strong technology focus |
| Chicago Trading Company | Specializes in derivatives |
| My Forex Funds | Forex trading focus |
| Lux Trading Firm | Up to $3.5 million funding |
| SurgeTrader | Offers a $1 Million Funded Account |
| City Traders Imperium | Up to $2 million funding |
1. City Traders Imperium
City Traders Imperium empowers traders by providing funded accounts up to $4 million alongside superior technology, education, and support. With features like 100% profit splits, exponential scaling plans, and salary incentives, skilled individuals can capitalize on diverse market opportunities.
This prop firm focuses on an accelerated path to funded trading alongside extensive educational resources. For traders seeking ideal environments to enhance expertise, City Traders Imperium creates a nurturing ecosystem modeled after hedge funds. With strong Trustpilot ratings and 1,200+ reviews, this company is dedicated to realizing trader potential.
Key Features
- Funding up to $4 million per trader
- 100% profit splits
- Exponential scaling opportunities
- Monthly salary incentives
- Accelerated path to live trading
- Extensive educational platform
| Pros | Cons |
|---|---|
| Offers direct funding and high-profit splits | Restrictions on trading strategies and styles |
| Extensive educational resources and mentorship programs | Forex only, no cryptocurrencies |
| Supports a range of trading styles | More strict drawdown rules |
| Excellent customer service | No free trial opportunity |
| Flexible account options with varying capital amounts | Requires 30 minimum active trading days |
2. SurgeTrader
SurgeTrader empowers traders by providing funded accounts up to $1,000,000 alongside superior technology. With features like no time limits, 50:1 leverage on forex, and 90% profit splits, skilled individuals can capitalize on diverse market opportunities.
This prop firm focuses on an accelerated path to live trading alongside educational resources. For traders seeking ideal environments to enhance expertise, SurgeTrader creates a supportive ecosystem modeled after hedge funds. With strong Trustpilot ratings and partnerships, this company is dedicated to realizing trader potential.
Key Features
- Funding up to $1,000,000 per trader
- No time limits on trading
- 50:1 leverage on forex
- 90% profit split system
- Accelerated evaluation process
- Supportive trading ecosystem
- Positive reputation
| Pros | Cons |
|---|---|
| No commissions and favorable profit split percentage | High examination fees |
| Access to many trading tools and indicators | Limited to stock trading, no futures or options |
| Flexible account options with varying capital amounts | Maximum drawdown is only 5% |
| Simple and transparent audition process with clear rules | Withdrawals are limited to once per 30 days |
| Users are free to implement any trading strategy or style | Some users find the platform too lenient |
3. Funder Trading
Funder Trading empowers traders to profit in stocks and options without certifications. This prop firm provides funded accounts alongside enhanced education through video lessons and resources. With proprietary technology giving feedback to improve skills, Funder Trading fosters an environment for traders to excel.
They offer transparent pricing with multiple account plans and a lifetime relationship without monthly profit targets. For those seeking accessible paths to funded trading, Funder Trading is the premier choice. Their superior technology and education support traders in enhancing their expertise so they can gain funding to capitalize on diverse market opportunities.
Key Features
- Offers enhanced trader education through a library of educational videos and resources
- Uses advanced proprietary technology to help traders understand their strengths and weaknesses
- Transparent pricing with multiple account plans
- Lifetime relationship with traders, no need to reach monthly profit targets
- Seamless path to funded trading
| Pros | Cons |
|---|---|
| Provides funding for stocks and options trading | Day trading rules and guidelines to follow |
| Emphasis on education through videos and resources | Ongoing subscription fees |
| Advanced proprietary technology for trader feedback | |
| Transparent and flexible pricing model | |
| Traders keep 100% returns initially |
4. Funded Trading Plus
Funded Trading Plus empowers traders by providing funded accounts up to $2,500,000 alongside a wider range of trading platforms and assets than competitors. With transparent pricing, swift account opening, and profit splits up to 90%, skilled individuals can seize opportunities across diverse markets.
This prop firm focuses on customer support through features like 24/7 availability. For traders seeking accessible paths to realize potential, Funded Trading Plus has rapidly emerged as a premier destination for leveraging expertise. With strong Trustpilot ratings and social proof, this company creates an ideal environment to enhance skills.
Key Feature
- Provides access to a wide range of markets including Forex, Index markets, commodities, and numerous cryptocurrencies
- Implements KYC (Know Your Customer) identity checks for compliance with anti-money laundering (AML) and anti-fraud regulations
- Does not allow holding positions overnight
- Offers instant funding accounts with fast scaling opportunities
- The platform UI/UX is ergonomic and uncluttered
| Pros | Cons |
|---|---|
| Wide range of trading platforms and assets | 10% profit target within 30 days |
| Funding up to $2,500,000 is available | Day trading risks apply |
| Profit splits up to 90% | Rules against holding overnight positions |
| Positive customer reviews | |
| Tailored programs for all skill levels |
5. Topstep
Topstep empowers traders by providing funded accounts after passing an objective combined evaluation. With features like swift account opening in 2 days and 14 trading platforms support, skilled individuals can seize opportunities across diverse futures markets.
This prop firm focuses on elevating expertise through mentorship programs alongside a suite of educational resources. For traders seeking accessible paths to realize potential, Topstep has emerged as an industry leader with over $16 million in payouts. With strong Trustpilot ratings and social proof-like recognition from leading companies, this firm creates an ideal environment to enhance skills.
Key Features
- Simplified one-rule trading program
- Access to a dashboard with various features
- Opportunity to earn a trading account in as little as 2 days
- Traders can pay themselves up to 4 times a month
- Focus on building better trading skills, discipline, and habits
- Provides detailed analytics on trading performance
| Pros | Cons |
|---|---|
| Funding up to $150,000 per trader | Rigorous combine evaluation |
| 14 trading platforms supported | Required monthly membership fees |
| Educational resources and mentorship | |
| $16M+ payouts to traders | |
| Strong reputation and Trustpilot ratings |
6. FunderPro
FunderPro empowers traders by providing funded accounts up to $200,000 alongside superior technology and real capital for trading. With features like unlimited time challenges and 80/20 profit splits, skilled individuals can seize opportunities across diverse markets. This prop firm focuses on elevating expertise through video lessons alongside 24/7 support.
For traders seeking accessible paths to realize potential, FunderPro has emerged as an industry leader with prestigious partnerships. With strong Trustpilot ratings and social proof like sponsorship of Formula 2 driver Ollie Bearman, this firm creates an ideal environment to enhance skills.
Key Features
- Innovative Dashboard Experience with detailed analytics
- Comprehensive support to traders with a team of experts available 24/7
- Flexibility in trading, allowing trades to be held overnight and over the weekends
- Support for popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradeLocker
- No time limits for completing the evaluation
- Weekly payouts and tier-1 liquidity provide
| Pros | Cons |
|---|---|
| Funding up to $200,000 per trader | As a newer firm, limited reviews are available |
| 80% profit split | Offshore brokerage handles trader funds |
| Real capital trading | |
| Unlimited time challenges | |
| Multiple tradable assets |
7. 3Red Partners
3Red Partners empowers traders by providing proprietary trading technology alongside funding up to $5 million. With features like 70% profit splits and support for diverse assets, skilled individuals can seize opportunities across global markets. This prop firm focuses on elevating expertise through research-based strategies leveraging math, economics, and technology.
For traders seeking accessible paths to realize potential, 3Red Partners creates an ideal environment to enhance skills. Though details on their offerings are limited, their innovation and specialization in high-frequency trading strategies have fueled a reputation as an industry leader.
Key Features
- Funding up to $5 million
- 70% profit split
- High-frequency and algorithmic trading
- Advanced technology and strategies
- Trading across global markets
- Strong industry reputation
| Pros | Cons |
|---|---|
| High-quality team and mostly team players | High one-time desk fee based on balance |
| Flat communication structure and nice people | Very secretive and lacks transparency |
| Values balance physically and spiritually | |
| International trading community | |
| Uses high-frequency proprietary trading platforms |
8. Akuna Capital
Akuna Capital is an innovative proprietary trading firm providing liquidity in derivatives markets. With features like cutting-edge technology, data-driven solutions, and a focus on collaboration, skilled individuals can seize opportunities across global markets.
This firm specializes in options market-making and has emerged as an industry leader with offices worldwide. For traders seeking to realize their potential via meritocracy, Akuna Capital creates an ideal environment to enhance expertise. With strong Trustpilot ratings and partnerships, this company is dedicated to elevating skills.
Key Features
- Innovative proprietary trading firm
- Options market-making focus
- Global office locations
- Collaborative company culture
- Commitment to meritocracy
- Positive reputation
| Pros | Cons |
|---|---|
| Strong compensation, even for juniors | |
| Good work-life balance for some teams | |
| Cutting-edge proprietary technology | |
| Collaborative culture initially | |
| Exposure to the fast-paced startup environment |
8. Belvedere Trading
Belvedere Trading is an acclaimed proprietary trading firm specializing in equity index and commodity derivatives. With features like cutting-edge proprietary technology, strong risk management, and merit-based rewards, skilled individuals can capitalize on market opportunities.
This firm focuses on fostering collaboration and innovation to push boundaries. For traders seeking to realize potential via continuous learning and growth, Belvedere Trading creates an ideal environment to enhance expertise. With prestigious industry recognition and global offices, this company is dedicated to elevating skills in a competitive yet supportive culture.
Key Features
- Leading proprietary trading firm
- Specializes in derivatives trading
- Collaborative and growth-focused work culture
- Industry recognition for excellence
- Global office locations
| Pros | Cons |
|---|---|
| Good work-life balance | Pay is much lower compared to other trading firms |
| Coworkers are generally extremely friendly and willing to help | Management decisions and performance are opaque |
| Opportunities to grow and work on truly challenging problems | |
| Great place to launch a career in trading | |
| Flat communication structure and nice people |
9. Chicago Trading Company
Founded in 1995, Chicago Trading Company is an acclaimed proprietary trading firm specializing in derivatives across global markets. With features like cutting-edge technology, robust risk management, and merit-based rewards, skilled individuals can capitalize on opportunities. This firm focuses on fostering collaboration and innovation to push boundaries.
For traders seeking to realize potential via continuous learning and growth, Chicago Trading Company creates an ideal environment to enhance expertise. With prestigious industry recognition and offices worldwide, this company is dedicated to elevating skills in a competitive yet supportive culture.
Key Features
- Specializes in derivatives trading globally
- Merit-based rewards and promotions
- Commitment to innovation and collaboration
- Competitive yet supportive company culture
- Industry leader with global office locations
| Pros | Cons |
|---|---|
| Collaborative culture with a team-oriented approach | Some reviews mention long working hours |
| Access to cutting-edge proprietary trading technology | Culture may vary by team, with some experiencing high-pressure |
| Opportunities for growth and challenging work | Pay may be considered lower compared to some competitors |
| Good work-life balance reported by some employees | Transparency and management decisions could be improved |
| Founded in 1995, established a presence in the industry | The work environment is a large open room, which may not suit everyone |
10. My Forex Funds
My Forex Funds empower traders by providing funded accounts across global markets. With features like multiple account types, high leverage, and bonuses, skilled individuals can capitalize on opportunities. This prop firm focuses on an accelerated path to live trading alongside educational resources.
Though recently shut down amid allegations, My Forex Funds offered an ideal environment for traders seeking to enhance their expertise. For those seeking accessible entries to realize potential, My Forex Funds had emerged as an industry leader before its closure.
Key Features
- Multiple account types for all experience levels
- Funding up to $200,000 per account
- Leverage up to 1:500 on major currency pairs
- Accelerated path to live trading
- Educational blogs and trader interviews
| Pros | Cons |
|---|---|
| Access to forex, CFDs, and metals trading | The company has been shut down |
| Competitive pricing compared to other firms | Allegations of fraudulent activities |
| Global reach, accepting traders from many countries | Restrictions on trading strategies |
| Profit share up to 85% for traders | |
| Tailored programs for different skill levels |
11. Lux Trading Firm
Lux Trading Firm empowers traders by providing funded accounts up to $10 million alongside superior technology. With features like a dedicated risk desk, professional analytics, and an integrated trading platform, skilled individuals can capitalize on opportunities across global markets.
This prop firm focuses on elevating expertise through education, mentorship, and daily market analysis. For traders seeking an ideal environment to enhance skills, Lux Trading Firm creates a supportive ecosystem modeled after hedge funds. With strong Trustpilot ratings and partnerships, this company is dedicated to realizing trader potential.
Key Features
- Dedicated risk management services
- Proprietary trading technology and analytics
- Integrated trading dashboard and platform
- Supportive environment modeled after hedge funds
- Positive reputation and customer feedback
| Pros | Cons |
|---|---|
| Access to large amounts of capital, up to $10 million | The evaluation process is on demo accounts |
| A wide array of tradable assets | High refundable fees |
| Profit share up to 75% for traders | Requires a high number of trading days for evaluation |
| Offers educational services and support | Some complaints about customer support efficiency |
| Established presence and good reputation in the industry | Some recent negative experiences reported |
Important Tools for Forex Trading You Need
TradingView
TradingView empowers traders through an intuitive platform packed with robust charting tools, global market data, and a thriving social ecosystem. With features like 15+ customizable chart types, technical indicators, drawing tools, and backtesting capabilities, skilled individuals can analyze financial markets and develop trading strategies.
This platform focuses on fostering collaboration and idea-sharing among over 50 million traders worldwide. For those seeking an ideal environment to enhance expertise, TradingView has emerged as the leading destination for traders of all skill levels.
Key Features
- 15+ customizable chart types
- Hundreds of indicators and drawing tools
- Global market data and news
- Backtesting for strategy development
- Large community to share ideas
- Mobile apps and browser-based
| Pros | Cons |
|---|---|
| Comprehensive charting tools | Limited execution capabilities |
| Large, active community of traders | Additional features require a paid subscription |
| Customizable and user-friendly interface | It may be overwhelming for complete beginners |
| Real-time data and news updates | Some advanced tools locked behind premium plans |
| Integration with global brokers | The mobile app has limited functionality compared to the desktop |
Forex Factory
Forex Factory empowers traders through an interactive platform packed with economic calendars, market news, forums, and trading tools. With features like real-time event schedules, customizable news feeds, idea sharing among over 1 million members, and integrated trading capabilities, skilled individuals can analyze financial markets and develop strategies.
This platform focuses on fostering collaboration and education among traders worldwide. For those seeking an ideal environment to enhance expertise, Forex Factory has emerged as a leading destination catering to all skill levels.
Key Features
- Interactive economic calendar
- Vibrant community forums
- Integrated trading tools
- Collaborative trader ecosystem
- Robust educational resources
- Caters to all experience levels
| Pros | Cons |
|---|---|
| Comprehensive economic calendar | Advertisements can be intrusive |
| Active forum with a large user base | The quality of forum discussions can vary |
| Free access to market news and analysis | Limited customer support options |
| Customizable market watchlist | |
| Provides trade explorer, an analytical tool for traders |
MetaTrader 4/5
The MetaTrader 4 and 5 platforms empower traders through robust charting capabilities, technical indicators, and the ability to automate strategies. With features like customizable charts, backtesting, and mobile access alongside a thriving ecosystem of third-party plugins, skilled individuals can analyze financial markets and develop profitable trading systems.
These platforms focus on fostering collaboration by integrating with brokers worldwide. For over 15 years, MetaTrader has emerged as the ultimate destination for traders seeking an ideal environment to enhance expertise with over 7 million users globally.
Key Feature
- Backtesting trading strategies
- Mobile and web access
- Vibrant developer and trader community
- Integrates with leading brokers worldwide
- Over 7 million users
| Pros | Cons |
|---|---|
| User-friendly interface suitable for all levels | Limited to basic order types in MT4 |
| Advanced charting and technical analysis tools | Some advanced tools may be intimidating for beginners |
| Automated trading with Expert Advisors | No direct customer support |
| Large, active community and wide broker support | Outdated technology in MT4 |
| Mobile trading and multi-asset support in MT5 | Limited asset coverage in MT4 |
FAQs Related to FTMO Alternatives
How do I choose the right FTMO alternative for me?
Consider factors like profit split, trading instruments, challenge rules, support, and overall reputation.
How do prop firms make money?
Prop firms earn from trading profits, fees for educational programs, challenge fees, and sometimes from spreads and commissions on trades.
Why do prop firms offer challenges?
Challenges assess a trader’s skill and risk management, ensuring they can profitably trade before being given substantial capital.
What happens if I lose money while trading for a prop firm?
Typically, you don’t owe money for losses, but you may lose access to the firm’s capital if risk management rules are breached.
Are prop trading firms regulated?
Some are, but regulation varies by country and firm. It’s crucial to research a firm’s regulatory status before joining.
End Note on Best FTMO Alternatives
The top FTMO alternative competitors for 2024 highlight the expanding universe of prop trading firms catering to diverse trader preferences. While FTMO stands as an industry benchmark, newer challengers are rising to meet unique objectives across experience levels.
Leading futures trading providers like Topstep contrast with accessible stock and options platforms like Funder Trading. Across funding sizes, profit splits, education, and technology infrastructure, traders can pinpoint ideal alignments with their strengths.
This guide provides a springboard to research specialized strengths as the first step on the path to securing a funded account. With lower barriers to entry emerging, traders have more funded trading avenues than ever to profit in global financial markets.
