Best Prop Trading Firms in the UK (2024)

Benzinga readers often choose Apex Trader Funding as one of the best prop trading firms in the UK.

Proprietary trading, or prop trading, offers a unique and profitable avenue for individuals to access the financial markets, leverage their skills and potentially generate substantial income. Whether you're an experienced trader or new to the world of trading, prop trading offers a dynamic and lucrative opportunity to make your mark in the trading world, providing an excellent chance to capitalize on market movements and achieve financial success. Benzinga unveils the best prop trading firms in the UK, highlighting their comprehensive evaluation programs, exceptional funding offers, advanced trading platforms and attractive profit ratio.

Quick Look: Best Prop Trading Firms in the UK

• Best for Beginner Futures Traders: Apex Trader Funding
• Best for Traders of all Levels: Top Tier Trader
• Best 14 Day Free Trial: Trade The Pool
• Best for Instant Funding: The5ers
• Best for Experienced Yet Undercapitalized Forex Traders: Tradiac
• Best for Experienced Traders: FXIFY
• Best for Accelerated Trader Funding: SurgeTrader
• Best for Instant Funding: OFP Funding

Best Prop Trading Firms in the UK

The best prop trading firms provide prop traders with adequate funding, excellent trading tools and the unwavering support needed to excel in the financial market and gain financial freedom. Here are some of the best prop trading firms in the U.K.

1. Best for Beginner Futures Traders: Apex Trader Funding

When you start with Apex Trader Funding, you can get an approval in around 7 days and start making money with the backing that you’ve been looking for. You get 100% of your first $25,000 earned, and then you can choose from the sort of account you need, keep several open and earn 90% profit splits going forward.

You can connect to Rithmic or Tradovate and there are no caps on payouts, meaning that you can earn, learn and create an income at your own pace.

2. Best for Traders of all Levels: Top Tier Trader

When you get started with Top Tier Trader, you are entering a prop firm that allows you to become a trader, get the financing you need and succeed in an industry that can be difficult for many to access.

You can trade indices, forex, crypto and commodities with the leverage you require. Plus, you get:

• A 2-step evaluation that’s simple to manage
• 80% to 90% profit splits
• $300,000 to $2 million in funding

Plus, there’s no time limit on your evaluation, and there is the opportunity to hold overnight, depending on the program you choose. With profit splits between 80% and 90%, you can also get your initial fee refunded after your first payout and earn more with referrals to the platform.

True, not all programs allow for the use of EAs or copy trading, but the platform allows you to complete a thorough evaluation so that you know you’re ready to go and you can begin making a living as a trader without going to a massive brokerage house.

3. Best 14 Day Free Trial: Trade the Pool

Trade The Pool offers a distinct funding solution for stock traders, providing a trading-optimized environment powered by advanced technology. Traders can collaborate, expand their knowledge and enhance their expertise within the platform. Trade The Pool stands out from other prop firms because of its streamlined single-phase evaluation process, providing traders with funding opportunities and almost unlimited purchasing power. However, to ensure effective risk management, you must be mindful of the maximum daily loss (DL), which determines the profit target and maximum drawdown (DD). The standard profit target is set at six times the maximum daily loss (DL), and the maximum drawdown is three times DL. You can reset the daily loss for a fee that varies based on the account type. You must complete at least 30 trades within 45 days to pass the evaluation. However, if you fail, you can pay a redemption fee and resume where you initially left off.

4. Best for Instant Funding: The 5ers

The 5ers is one of the reputable prop trading firms focused on forex. The platform also supports trading with securities, including indices, cryptocurrencies and precious metals. Multiple funding account options are available for traders with varying capital levels and risk preferences, providing opportunities for traders at different experience levels. If you’re an experienced trader, you can go for the Hyper Growth program and start trading live from day 1 (no demo); your account is doubled for every milestone, plus you get paid from the first target. The High-Stake program is ideal if you need more leverage or your trading strategy is aggressive; it exposes you to more risks and rewards. Beginners looking for stability and profitability can opt for the Bootcamp program, featuring a six-figure funded account and 100% profit upon completing the three-phase challenges. The 5ers program provides realistic trading requirements and access to a better account without additional charges.

5. Best for Experienced Yet Undercapitalized Forex Traders: Tradiac

For UK forex traders, you want to find a place where you can build your career, get funded by local institutions and feel a bit of freedom. At Tradiac, you get that, along with:

• Up to $100,000 in funding to start
• Up to a 15% to 30% daily loss limits
• Maximum drawdowns
• A simple, single-phase evaluation
• 90% profit splits with no add-ons
• Scaling up to $1 million in funding
• Overnight and weekend positions
• Customer care services
• 20:1 leverage

Funding is provided by hedge funds in London that handle alternative investments and use risk management protocols that serve everyone well, giving you the best opportunity to become a successful trader.

6. Best for Experienced Traders: FXIFY

FXIFY is one of the newer players in the prop trading world, where you can gain access to up to $400,000 of funding and profit shares as high as 90%. If you perform well, you can scale your account up to $4 million.

Complete the assessment and learn how much funding you will qualify for. When you start trading, you can use MT4 or MT5 along with many other trading platforms that may work best for you, including the proprietary FXPIG.

All trading is commission-free, spreads are tight, there are no restrictions, leverage is available and you can use expert advisors or other forms of automation as you please.

With instant payouts, no consistency rules, unlimited trading days and a 125% refund on your assessment fee with your first payout, you can get started trading right now without joining a major firm on Wall Street.

7. Best for Accelerated Trader Funding: SurgeTrader

SurgeTrader is considered by many as the best prop trading firm, and that's for a good reason. The platform understands that the core recipe for trading success is fast funding access, and via its straightforward rules and single-phase evaluation model, it aims to streamline funding for talented but undercapitalized retail traders while providing a highly-optimized and collaborative trading environment. You can access up to $1 million worth of funding on qualification and a 75% payout (90% with add-ons). Multiple funding account options means traders with varying capital level and risk preferences can access the platform. You can trade with your strategy, whether it is hedging, algorithmic trading, news trading or something new. SurgeTrader allows trading with diverse assets, including stocks, forex, cryptocurrencies, indices, oil and metals. It also offers an impressive scalable plan.

8. Best for Instant Funding: OFP Funding

When you want to prop trade at your own pace, you can turn to OFP Funding. With this platform you can choose an account type that offers profit splits from 60% to 90%. You can get leverage up to 100:1, and you can trade on MT4 or MT5.

You can trade forex, indices, commodities, stocks, bonds and crypto so that you will have a diverse portfolio and more ways to invest and profit. OFP Funding is the best place for newer traders and non-experts who want to learn and earn at the same time.

What is Prop Trading?

Prop trading, short for proprietary trading, refers to trading financial instruments, such as stocks, bonds, commodities or derivatives, using a firm's resources instead of your own money. It allows you to take advantage of market fluctuations, analyze trends and make informed decisions to maximize earnings. Proprietary trading firms provide the necessary resources, technology and support to enhance your trading performance. By engaging in prop trading, you become an active participant in the financial markets, leveraging your skills and expertise to seize profitable opportunities and achieve financial success.

Who Should Try Prop Trading?

• Experienced traders: Seasoned traders with a strong track record may find prop trading appealing as it allows them to leverage their expertise and potentially generate significant profits with access to more considerable trading capital.
• Day traders: Active day traders who thrive on short-term market movements and execute frequent trades can benefit from prop trading's fast-paced nature and the availability of advanced trading tools and technology.
• Algorithmic traders: Investors specializing in developing and implementing automated trading strategies can leverage prop trading firms' infrastructure and resources to execute their algorithms quickly and efficiently.
• Risk-tolerant investors: Prop trading attracts individuals who are comfortable with taking calculated risks in the financial markets. These investors are willing to embrace volatility and leverage trading capital to amplify their returns.
• Aspiring professionals: Those aiming to build a career in the financial industry, such as recent graduates or finance professionals seeking a transition, may find prop trading attractive. It offers an opportunity to gain hands-on trading experience, access mentorship programs and potentially earn substantial profits based on performance.

Benefits of Prop Trading

• Access to greater capital: Prop trading provides access to significantly larger trading capital than individual trading accounts, allowing traders to take advantage of more extensive market opportunities and potentially generate higher returns.
• Advanced trading technology: Prop trading firms invest in cutting-edge trading platforms, tools and technology, enabling traders to execute trades swiftly, analyze market data efficiently and implement sophisticated trading strategies.
• Risk management support: Prop trading firms typically have robust risk management systems in place to protect traders from excessive losses. They often provide risk management guidelines, set maximum daily loss limits and offer risk assessment and monitoring tools to help traders mitigate risks effectively.
• Performance-based compensation: One of the key benefits of prop trading is the potential for performance-based compensation. Traders can earn a share of their profits, providing a direct incentive to strive for consistent profitability and rewarding successful trading strategies.
• Learning and development opportunities: Prop trading firms often offer comprehensive training programs, mentorship and access to experienced traders. This benefit creates an environment conducive to learning and skill development, helping traders enhance their expertise, stay updated with market trends and refine their trading strategies over time.

Frequently Asked Questions