Prop Firms That Allow EAs / Bots / Algos
The best prop firms that allow EAs, Bots and Algos analyzed, rated and compared.Proprietary trading is a great solution to access big capital quickly.
For traders who lack time to trade or prefer automated trading through EAs, proprietary trading firms that allow EA trading are an excellent choice. Compared to using personal accounts, obtaining trading capital from these firms may involve less risk and pressure.
In this article, you will learn about the top proprietary trading firms that permit the use of EAs, algorithms, or robots, enabling you to compare and select the best fit for your needs.
Top 3 Proprietary Trading Firms
Here are the top three proprietary trading firms that allow automated trading:
1.FTMO
- Rating: 4.9
- Company Overview: FTMO is a Forex proprietary trading firm based in Prague, Czech Republic, founded in 2015.
- Features: Offers Forex, stock indices, metals, commodities, stocks, and cryptocurrencies.
- Maximum Account Balance: $2,000,000
- Profit Split: Up to 90%
- Cost: Starting from €155
- Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader, and Dxtrade
2.Funded Trading Plus
- Rating: 4.9
- Company Overview: Funded Trading Plus is a Forex proprietary trading firm based in London, United Kingdom, established in 2021.
- Features: Provides Forex, stock indices, metals, commodities, and cryptocurrencies.
- Maximum Account Balance: $2,500,000
- Profit Split: Up to 100%
- Cost: Starting from $119
- Trading Platforms: cTrader, TradingView, MatchTrader, and DXtrade
3.Topstep
- Rating: 4.9
- Company Overview: Topstep is a futures proprietary trading firm based in Chicago, Illinois, USA, founded in 2010.
- Features: Offers stock futures, Forex futures, agricultural futures, energy futures, interest rate futures, and metals futures.
- Maximum Account Balance: $150,000
- Profit Split: 90%
- Cost: Starting from $165/month
- Trading Platforms: TSTrader, NinjaTrader, Quantower, TradingView, Sierra Chart, and others
Other Noteworthy EA Prop Firms
Apart from the top three firms, there are several other equally intriguing companies that offer quality services and competitive features.
These proprietary trading firms, while not among the top three, are also attractive choices, often comparable in terms of service quality and offerings to the aforementioned companies.
| Prop Firm | Profit Split | Cost | Maximum Balance | Rating |
|---|---|---|---|---|
| FundedNext | Up to 90% | Starting from $32 | $4,000,000 | 4.8 |
| HyroTrader | Up to 90% | Starting from $89 | $1,000,000 | 4.8 |
| FTUK | 80% | Starting from $149 | $5,760,000 | 4.7 |
| Elite Trader Funding | 80% | Starting from $80/month | $300,000 | 4.6 |
| The Trading Pit | Up to 80% | Starting from €99 | $5,000,000 | 4.6 |
| E8 Markets | 80% | Starting from $48 | $400,000 | 4.5 |
| TradeDay | Up to 90% | Starting from $99/month | $250,000 | 4.5 |
| UProfit | Up to 80% | Starting from $89/month | $200,000 | 4.4 |
| City Traders Imperium | Up to 100% | Starting from $39 | $2,000,000 | 4.3 |
| Bulenox | Up to 90% | Starting from $115/month | $250,000 | 4.3 |
| Traders With Edge | Up to 80% | Starting from $55 | $3,000,000 | 4.2 |
| Trade The Pool | Up to 70% | Starting from $97 | $160,000 | 4.2 |
| Audacity Capital | Up to 85% | Starting from $129 | $2,000,000 | 4.2 |
| Lux Trading Firm | 75% | Starting from £299 | $10,000,000 | 4.1 |
| Earn2Trade | 80% | Starting from $150/month | $400,000 | 4.1 |
| TopTier Trader | Up to 90% | Starting from $65 | $2,000,000 | 4.0 |
| Leeloo Trading | Up to 90% | Starting from $26/month | $300,000 | 4.0 |
| The Funded Trader | Up to 90% | Starting from $129 | $1,500,000 | 3.0 |
These companies offer a variety of profit splits, funding requirements, and services. While they may not be in the top rankings, they are still worthwhile options. Choosing the right proprietary trading firm should be based on individual trading needs and preferences to ensure the best trading experience and outcomes.
Evaluation Criteria
- Challenge Difficulty: Assessing the difficulty of challenges or evaluation processes set by proprietary trading firms.
- Trading Platforms: Evaluating the range of trading platforms provided.
- Customer Support: Evaluating the responsiveness and reliability of customer support in resolving issues.
- Profit Split: Evaluating the proportion of profits shared with traders by proprietary trading firms.
- Trading Instruments: Evaluating the diversity of tradable instruments.
- Cost: Evaluating the costs associated with applying for and maintaining funded accounts.
- User Ratings: Evaluating ratings provided by other users for proprietary trading firms.
Products EA Can Trade
Depending on the type of proprietary trading firm used:
-
Forex Proprietary Trading Firms: EAs can typically trade on any CFD product.
- Tradable instruments include major, minor, and exotic forex pairs, important indices traded as CFDs, commodities (such as natural gas, crude oil, Brent oil), precious metals (such as silver, gold, palladium), some stocks, and cryptocurrencies (such as BTC, ETH, LTC, XRP, ADA, DOT, DOGE).
-
Futures Proprietary Trading Firms: Algorithms can trade on CME futures assets.
- Tradable instruments include stock futures, Forex futures, agricultural futures, energy futures, interest rate futures, metals futures, and cryptocurrency futures.
Account Sizes
Proprietary trading firms offer funding accounts that can reach up to $10,000,000. This represents a substantial amount of capital that can significantly empower your EA.
It's important to note that these large funds can only be fully utilized after undergoing proper scaling, and trading must continue in compliance with the proprietary trading firm's rules to ensure sustained operation.
Profit Split
For instantly funded accounts, profit splits are generally modest, typically around 50%.
For challenge-based funded accounts, splits range between 80% to 90%, meaning Forex proprietary firms retain only 10% to 20% of trader profits initially.
Additionally, traders often retain 100% of initial profits, equivalent to challenge fees in Forex or substantial values ranging from $5,000 to $10,000 in futures proprietary firms.
Available Trading Platforms
Most proprietary trading firms provide access to markets via CFDs, allowing EAs to run on popular Forex trading platforms like MetaTrader 4, MetaTrader 5, and cTrader.
For futures proprietary trading firms, algorithms can operate on platforms such as Ninjatrader、Rithmic、Bookmap、Agena Trader、Motive Wave、Photon、Collective2、InsideEdge Trader、Optimus Flow、ScalpTool、Medved Trader、Quantower、Trade Navigator、Overcharts、Sierra Chart、Volfix、TigerTrade、MultiCharts、QScalp、QST、TSLAB, and others.
Advantages of Running EAs
- Eliminates emotional trading influence.
- No need to sit in front of a computer for extended periods.
- Avoids risking personal capital in trading.
- Access to funded accounts with substantial capital without excessive leverage and risk associated with smaller accounts, potentially yielding significant profits.
- Ensures compliance with proper risk management rules.
Disadvantages of Running EAs
- Some challenges may be difficult to pass, necessitating assurance that EAs can meet minimum trading days or transaction requirements.
- Potential need to pay for Virtual Private Server (VPS) to run EAs.
- Companies retain a portion of profits as their earnings.
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