What's the biggest advantage of trading with a prop firm?

A) Unlimited coffee breaks ☕
B) Funded trading accounts 💰
C) Office gossip sessions 🗣️

If you answered B, give yourself a pat on the back! 🙌 Funded forex trading accounts are indeed one of the most attractive features of prop trading firms in India.

Did you know that some Indian traders have turned $10,000 into $100,000 in just six months with the right prop firm? That's enough to buy 25,000 cups of chai! But finding the best Indian forex prop firms isn't easy. It's like searching for a needle in a haystack… if the haystack was the size of Mumbai.

I've sifted through countless prop trading companies to bring you the cream of the crop. We'll explore everything from funded accounts to profit splits that'll make your head spin.

Let's get started on finding the best Indian forex prop firm for you!

📌 Choosing the Right Indian Forex Prop Firms

Indian Forex Prop Firms

When selecting a forex prop firm as an Indian trader, consider the following factors:

  • Regulation and Reputation: While prop firms themselves are typically unregulated, ensure they use regulated brokers for trading accounts.
  • Account Sizes: Choose a firm offering account sizes that match your trading goals and experience level.
  • Profit Split: Look for competitive profit-sharing arrangements, but remember that higher splits may come with stricter rules.
  • Evaluation Process: Consider whether you prefer one-step or two-step challenges, and check profit targets and drawdown limits.
  • Trading Platforms: Ensure the firm offers platforms you're comfortable using, such as MetaTrader 4 or 5.
  • Scaling Opportunities: If you aim to grow your account over time, look for firms with clear scaling programs.
  • Withdrawal Policies: Check how often you can withdraw profits and whether there are any restrictions.
  • Customer Support: Good customer service is crucial, especially when dealing with funded accounts.
  • Educational Resources: Some firms offer valuable training and analytics tools to help you improve your trading.
  • Compatibility with Indian Traders: Ensure the firm accepts Indian residents and offers suitable payment methods.

Top 10 Indian Forex Prop Firms of 2024

Prop FirmLocationProfit ShareAccount Size MaxSpecial Features
The Trading PitLiechtenstein50%-90%$100,000Single-phase evaluation, MT4 & MT5 available
Funded Trading PlusUnited KingdomUp to 100%$2,500,000Instant, 1-step, and 2-step evaluations, trade on various platforms
Apex Trader FundingUnited StatesVaried$50,000No daily drawdown, multiple evaluation options
Funded NextUnited Arab EmiratesUp to 95%$300,00015% profit share in the challenge phase, with no time limit
FTUKUnited Kingdom80%$5,000,000Instant funding available, rapid scaling
E8 FundingUnited StatesVaried$300,000Three-phase onboarding, scale up to $1 million
City Traders ImperiumUnited KingdomUp to 100%$200,000100% simulated profits, no time limit on phases
Audacity CapitalUnited Kingdom90%$2,000,000Fast scaling, remote trading, 10% profit targets in evaluation
The Funded TraderUnited StatesUp to 95%$600,000Simulated trading evaluation, merit-based capital raising
Lux Trading FirmUnited Kingdom75%$10,000,000Multiple account growth stages, large maximum account size

1. The Trading Pit

Trading Pit 

The Trading Pit stands out as the #1 Indian forex prop firm, offering unparalleled opportunities for traders in the subcontinent. With its innovative single-phase evaluation process and profit targets of 8-10%, it serves to both novice and experienced Indian traders. The firm's different account options, ranging from $10,000 to $100,000, allow scalability up to $5 million.

Indian prop traders benefit from The Trading Pit's advanced platforms like MT4, MT5, and specialized tools for futures trading. The firm's transparency, coupled with profit splits of 50-90%, makes it an attractive choice for those seeking funded forex accounts in India. From scalping, copy-trading, to high-frequency trading, The Trading Pit provides the ideal launchpad for Indian forex prop trading careers.

The Trading Pit Key Features

  • Trading Platforms: The Trading Pit offers a diverse range of trading platforms to suit different trader preferences. Prop firms typically provide popular options like MT4, MT5, and potentially proprietary platforms. This variety ensures traders can use tools they're comfortable with.
  • Profit Split and Payout: The Trading Pit emphasizes high profits and scaling opportunities. They support various payment methods, including credit cards, Apple Pay, Google Pay, cryptocurrencies, and BinancePay. Online bank transfers are also available depending on your region, ensuring flexible payout options.
  • Instruments Offered: The Trading Pit provides access to multi-asset trading, including the global foreign exchange market. They highlight the abundant opportunities in currency trading, taking advantage of market volatility. 
  • Educational Resources: The Trading Pit shines in educational support, offering a wealth of resources. These include ebooks, webinars, podcasts, videos, infographics, and press releases. Their commitment to trader education is evident in their “Best Educational Resources 2023” award, ensuring traders have the knowledge to succeed.
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2. Funded Trading Plus

Funded Trading Plus

Funded Trading Plus emerges as a top contender among Indian forex prop firms, offering traders a robust platform to showcase their skills. With its UK-based operations, it provides Indian traders access to global markets through popular platforms like MT4 and MT5. The firm's diverse account sizes, ranging from $5,000 to $200,000, serve both novice and experienced Indian traders.

Funded Trading Plus's unique scaling plan allows growth up to $2.5 million, appealing to ambitious forex professionals in India. The profit split of up to 100% sets Funded Trading Plus apart in the Indian prop trading landscape. With low profit targets and flexible drawdown rules, it accommodates various trading styles prevalent in the Indian market. The firm's comprehensive instrument selection, including forex, indices, commodities, and crypto, aligns well with the diverse interests of Indian prop traders seeking funded accounts.

Funded Trading Plus Key Features

  • Trading Platforms: Funded Trading Plus offers a variety of popular trading platforms to suit different trader preferences. They likely provide industry-standard options to ensure traders can use tools they're comfortable with.
  • Profit Split and Payout: Traders can keep up to 100% of their profits, which is exceptionally generous in the prop firm industry. The company offers scaling opportunities up to $2,500,000 in account size, allowing traders to withdraw profits during the scaling process.
  • Instruments Offered: Funded Trading Plus provides access to a wide range of markets in their simulated live environment. Traders can engage with forex, indices, commodities, and potentially other financial instruments. This diverse selection allows traders to apply their strategies across multiple asset classes.
  • Educational Resources: The company places a strong emphasis on trader education and support. They offer an outstanding training and support package that has helped hundreds of traders gain access to funded trading capital. This commitment to education enhances traders' chances of success.

3. Apex Trader Funding

Apex Trader Funding

Apex Trader Funding, established in 2021 and headquartered in Austin, Texas, is a premier trader funding company that has revolutionized the trader payout model. With a global community spanning over 150 countries, Apex specializes in futures market funding evaluations. The company was founded out of dissatisfaction with existing funding firms, aiming to adopt a more customer-centric approach.

Apex prides itself on quick payouts, prompt support, and continuous improvement. Their innovative approach includes features like a live trailing threshold, flexible trading hours, and a straightforward qualification process, making them a standout choice for traders seeking funding opportunities.

Apex Trader Funding Key Features

  • Trading Platforms: Apex offers popular platforms like Rithmic and Tradovate, catering to different trader preferences. They provide comprehensive platform demonstrations and support to help traders get started. The company also offers proprietary software like rtrader for monitoring live trailing thresholds.
  • Profit Split and Payout: Apex emphasizes quick payouts and competitive compensation. They've paid out millions to traders since 2022, with substantial monthly and quarterly payouts. Their scaling opportunities allow traders to potentially access accounts up to $657,000.
  • Instruments Offered: Apex provides access to a wide range of futures markets. Traders can engage with indices, bonds, currencies, commodities, metals, and even micro contracts. This diverse selection includes popular instruments like E-mini S&P 500, Crude Oil, Gold, and various currency pairs.
  • Educational Resources: Apex Trader Funding places a strong emphasis on trader support and education. They offer a wealth of resources to help traders succeed, including detailed contract specifications, trading rules, and likely webinars or tutorials. Their customer-centric approach ensures traders have the knowledge and support to excel.

4. FundedNext

Funded Next

FundedNext is a leading prop trading firm that empowers traders worldwide to access substantial capital and maximize their profits. With their innovative approach, traders can manage accounts up to $300,000 and earn up to 95% of the profits.

FundedNext stands out with unique features like a 15% profit share during the Challenge Phase, no time limits, and a balance-based drawdown. The company offers best-in-class trading conditions, including fast executions and competitive spreads. With a global community spanning 195+ countries and over $95 million in total rewards paid out, FundedNext is revolutionizing the prop trading space.

FundedNext Key Features

  • Trading Platforms: FundedNext offers traders the flexibility to choose between popular platforms like MetaTrader 4, MetaTrader 5, and cTrader. This variety ensures traders can use their preferred tools and strategies. The company also provides a TradingView integrated dashboard for enhanced charting and analysis capabilities.
  • Profit Split and Payout: Traders can earn up to 95% profit split, with a unique 15% profit share during the Challenge Phase. FundedNext guarantees payouts within 24 hours or pays $1,000 extra, demonstrating their commitment to prompt and reliable compensation. The average payout time is an impressive 4.5 hours.
  • Educational Resources: FundedNext emphasizes trader support and education. They offer a free trial account for strategy testing, host monthly competitions with exclusive rewards, and provide an “Infinity Points” system for discounts on trading challenges. The company also offers 24/7 professional support with a 50-second average response time.

5. FTUK

FTUK

FTUK is a global prop trading firm offering instant funding and one-step funded accounts designed to scale quickly. They provide traders with virtual instant-funding trading accounts that allow them to leverage their skills and keep up to 80% of their gains.

FTUK emphasizes transparency, offering simple-to-understand accounts with clear rules, straightforward payout structures, and fast scaling models. Their range of accounts caters to traders of all styles, experience levels, and trading goals. With a presence in over 133 countries and over $1M in payouts in 2024, FTUK has established itself as a trusted name in the prop trading industry.

FTUK Key Features

  • Trading Platforms: FTUK offers a variety of popular trading platforms to suit different trader preferences. They provide industry-standard options like MetaTrader 4, MetaTrader 5, or cTrader. Their emphasis on trader-friendly tools suggests a focus on user experience and functionality.
  • Profit Split and Payout: Traders can keep up to 80% of their profits, with scaling opportunities up to $6.4 million in account size. FTUK offers bi-weekly payouts with an average payout time of just 1 hour. They also provide a refundable fee if traders hit their evaluation targets, demonstrating their commitment to trader success.
  • Instruments Offered: FTUK provides access to a wide range of markets in their simulated live environment. Traders can engage with forex pairs, indices, commodities, and potentially cryptocurrencies. This diverse selection allows traders to apply their strategies across multiple asset classes, catering to various trading styles and preferences.
  • Educational Resources: The company places a strong emphasis on trader education and support. They offer a comprehensive dashboard for real-time insights and effective trade management. FTUK also provides clear rules and transparent terms, ensuring traders have the knowledge and support to excel in their trading journey.

6. E8 Funding

E8 Funding

E8 Funding now rebranded as E8 Markets, is a prop trading firm established in 2021 and based in the USA. The company aims to empower traders with tools and insights to outsmart the markets. E8 Markets offers simulated funded forex accounts with balances ranging from $25,000 to $250,000, scalable up to $1 million.

While the firm provides access to various financial instruments and popular trading platforms, it's important to note that E8 Markets currently lacks valid regulation. The company emphasizes transparency, education, and innovation, with plans to introduce new features and tools in the future.

E8 Markets Key Features (Formerly E8 Funding)

  • Trading Platforms: E8 Markets provides access to industry-standard platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms offer advanced charting tools, customizable interfaces, and support for automated trading through Expert Advisors. The company also plans to introduce proprietary tools like E8 Charts in the future.
  • Profit Split and Payout: E8 Markets emphasizes competitive compensation. They offer bi-weekly payouts and have surpassed $33 million in total payouts. The company provides a refundable fee structure for its evaluation programs and aims to implement instant payouts in the future.
  • Instruments Offered: E8 Markets provides access to a wide range of financial instruments. Traders can engage with forex pairs, commodities, indices, equities, and cryptocurrencies. This diverse selection allows traders to apply their strategies across multiple asset classes, catering to various trading styles and preferences.
  • Educational Resources: The company places a strong emphasis on trader education and support. They offer an automated evaluation dashboard, and strategy testing tools, and plan to introduce E8 Education and an MVP program. E8 Markets also hosts tournaments and competitions, providing additional opportunities for traders to showcase their skills.

7. City Traders Imperium

City Traders Imperium

City Traders Imperium (CTI) is a leading prop trading firm established in 2018, offering traders the opportunity to earn rewards for their demo trading skills. With a strong reputation and excellent ratings on Trustpilot and Google, CTI provides funding programs designed to identify and reward talented traders.

City Trader Imperium (CTI) offer both 1-step and 2-step funding options, allowing traders to prove their skills and secure funding at their own pace. CTI stands out with its potential for monthly salaries, up to 100% profit sharing, and a comprehensive educational program through CTI Academy.

City Traders Imperium Key Features

  • Trading Platforms: CTI offers MetaTrader 5 (MT5) as its primary trading platform. MT5 provides advanced charting tools, multiple timeframes, and support for algorithmic trading. The platform's versatility allows traders to execute various strategies across different markets efficiently.
  • Profit Split and Payout: Traders can earn up to 100% of simulated profits, with the potential for a monthly salary. CTI offers fast scaling opportunities, with account balances increasing by 200% at each milestone. Payouts are eligible in as little as 10 active trading days after the first trade.
  • Instruments Offered: CTI provides a wide range of tradable instruments, including Forex Majors, Forex Minors, commodities (oil, metals), and major index stocks. They allow news trading, weekend trading, and overnight trading, giving traders flexibility in their strategies and market choices.
  • Educational Resources: CTI Academy offers comprehensive educational programs for traders of all levels. Their courses cover essential topics like risk management, trading strategies, and trading psychology. Additionally, CTI provides a free market news report to keep traders updated on the latest economic developments.

8. Audacity Capital

Audacity Capital

Audacity Capital is a well-established proprietary trading firm based in London, UK, with over 11 years of experience in the industry. Founded in 2012, they have built a strong reputation for supporting and funding successful traders worldwide.

Audacity Capital offers a unique approach by providing traders with real money accounts from the start, rather than demo accounts. They offer various trader programs designed to empower individuals with customizable initial capital and access to live trading environments. With a reported 72% success rate among their traders, Audacity Capital aims to be a leading platform for forex and multi-asset trading.

Audacity Capital Key Features

  • Trading Platforms: Audacity Capital offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These are available for download on Windows PC, Mac iOS, Android, and mobile iOS devices. Traders can also access the platforms via web browsers, providing flexibility in how and where they trade.
  • Profit Split and Payout: Traders can earn up to 85% profit split, with account balances scaling up to $2,000,000. The cost to join starts from $129. 
  • Instruments Offered: Audacity Capital provides a diverse range of tradable instruments. These include forex pairs, indices, metals, and commodities. This variety allows traders to diversify their strategies and take advantage of opportunities across different markets.
  • Educational Resources: Audacity Capital likely provides resources to help traders improve their skills and understand market dynamics, given their focus on supporting and funding successful traders worldwide.

9. The Funded Trader

The Funded Traders

The Funded Trader is a leading prop trading firm that offers traders worldwide the opportunity to access substantial simulated capital and transform their lives through trading. Founded in 2021, they provide a range of funding challenges designed to identify and reward skilled traders, with the potential to scale up to significant account sizes.

The Funded Trader stands out with its high-profit splits, rapid funding process, and commitment to trader success. With a focus on education and support, they aim to empower both novice and experienced traders to achieve their financial goals through simulated trading of various financial instruments.

The Funded Trader Key Features

  • Trading Platforms: The Funded Trader offers popular trading platforms, including MetaTrader 4 and MetaTrader 5. These industry-standard platforms provide traders with advanced charting tools, customizable interfaces, and support for various trading strategies. The company also offers a proprietary dashboard for account management and performance tracking.
  • Profit Split and Payout: Traders can earn up to a 90% profit split, with the potential to scale up to 95% with the Dragon Egg Plan. The company offers a 75% virtual profit split on the first payout. Payouts are processed quickly, with options for cryptocurrency or bank transfers via Deel.
  • Instruments Offered: The Funded Trader provides access to a wide range of tradable instruments. These include forex pairs, commodities, indices, and cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). This diverse selection allows traders to apply their strategies across multiple asset classes.
  • Educational Resources: The Funded Trader emphasizes trader education and support. They offer resources to help traders improve their skills, understand market dynamics, and navigate their funding challenges. The company provides daily trading education through YouTube and Instagram and maintains an active Discord community for trader interaction and support.

10. Lux Trading Firm

Lux Trading Firm 

Lux Trading Firm is a UK-based proprietary trading company offering traders the opportunity to manage substantial capital without risking their own funds. Founded in 2021, Lux Trading Firm provides a range of funding options from $50,000 to $1,000,000, with the potential to scale up to $10 million.

The firm stands out with its flexible evaluation process, high-profit splits, and comprehensive support system including education, mentorship, and advanced trading tools. Lux Trading Firm aims to empower traders of all levels to build successful careers in the financial markets.

Lux Trading Firm Key Features

  • Trading Platforms: Lux Trading Firm offers MetaTrader 5 and its proprietary Lux Trader platform, which is built around the premium TradingView charting system. These platforms provide advanced charting tools, customizable interfaces, and support for various trading strategies, catering to both novice and experienced traders.
  • Profit Split and Payout: Traders can earn up to 75% profit split on funded accounts. The firm offers a unique feature where traders receive 50% of their evaluation fee refunded after passing Stage 2. Payouts are available through various methods, and the firm emphasizes quick and reliable compensation for successful traders.
  • Instruments Offered: Lux Trading Firm provides access to a wide range of financial instruments. These include forex (majors, minors, exotics), indices (like S&P 500 and NASDAQ), commodities (metals, oil, gas), futures, and over 2,000 global stocks. This diverse selection allows traders to apply their strategies across multiple asset classes.
  • Educational Resources: The firm places a strong emphasis on trader education and support. They offer an Elite Program that includes daily streams, mentoring, professional software access, a risk desk, and workshops. This comprehensive support system aims to help traders at all levels improve their skills and achieve long-term success.

Regulatory Environment for Forex Trading in India

Regulations in India for Forex Trading

The regulatory environment for forex trading in India is primarily governed by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). These bodies impose strict regulations to maintain market integrity and protect investors.

The RBI, through the Foreign Exchange Management Act (FEMA), limits forex trading to specific currency pairs involving the Indian Rupee. SEBI oversees the operations of forex brokers and trading platforms, ensuring compliance with capital requirements, reporting obligations, and leverage limits.

For prop firms operating in India, these regulations present significant challenges. They must adhere to stringent rules, including restrictions on offering certain currency pairs and limitations on leverage. Additionally, prop firms are required to maintain substantial capital reserves and submit regular reports to regulatory authorities. These measures, while potentially limiting trading opportunities, aim to create a stable and secure forex trading environment in India.

However, they also contribute to a tightly controlled market that may be less flexible compared to some international forex trading hubs.

Answering Commonly Asked Queries

Are there any Evaluation Periods or Challenges?

Yes, most prop firms require traders to pass an evaluation or challenge phase before accessing a funded account. These can be one-step, two-step, or instant funding models.

What Instruments can Indian Traders Trade with these firms?

Traders can typically access forex, indices, commodities, cryptocurrencies, and in some cases, stocks and futures. The exact offerings vary by firm.

How do Payouts work for Indian Traders?

Payouts are usually processed via bank transfer or cryptocurrency. Some firms like The Funded Trader offer options like Deel, which provides various payout methods.

What Kind of Support do Indian Prop Firms offer?

Many firms offer educational resources, webinars, and customer support. For example, City Traders Imperium provides a comprehensive educational program through CTI Academy.

How long does it typically take to get funded?

The time to get funded varies depending on the firm and the trader's performance. Some firms like The Funded Trader offer rapid funding options that can take as little as a few days.

Are there any ongoing fees after getting funded?

Some firms charge monthly fees, while others don't. It's important to check each firm's fee structure carefully.

Can Indian traders use Expert Advisors (EAs) or algorithmic trading?

Policies on EAs and algorithmic trading vary by firm. Some, like The Funded Trader's Royal Challenge, allow the use of EAs, while others may restrict automated trading.

Wrapping Up on Indian Forex Prop Firms

Forex Prop Firms

Indian Forex prop firms offer exciting opportunities for Indian traders to access larger capital and potentially lucrative profit-sharing arrangements. The 10 firms listed in this article represent some of the best options available in 2024, each with its own unique features and benefits.

By carefully selecting the right prop firm and consistently demonstrating your trading skills, you can potentially turn forex trading from a hobby into a professional career. The opportunities are there – it's up to you to seize them.

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