We have to give it to them, Earn2Trade have a slick offering. The firm’s site exudes confidence and promise and the “Enroll Now” button is highly inviting. Do read the small print, however. Only 18.58% of traders passed the Gauntlet and Gauntlet Mini last year. That means a whopping 81.42% of traders failed – losing both the challenge and the nonrefundable entry fee. Moreover, the Earn2Trade site proudly features some big players – Forbes, BabyPips, and ABC Money. The logos suggest that they have endorsed Earn2Trade but this is intelligently misleading. If you click on the links they will have a negligible connection, the BabyPips one was simply a forum comment from a user who works at Earn2Trade. The Forbes link simply doesn’t work.
In sum, when looking for the best proprietary trading firm bear these key qualities in mind: payout scheme, challenge difficulty and rules, reset and refund status, and leverage. From a purely methodological perspective, Earn2Trades scores highly. Having said that traders truly wishing to be funded may wish to set their sights elsewhere.
OspreyFX is a powerhouse broker that offers leverage of up to 1:500 to trade forex, crypto, stocks, or more. They recently launched the OspreyFX Funded Account Challenge, a chance for traders to manage $100,000 with zero risk.
FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.
Founded in 2012, TopstepForex has become one of the biggest proprietary trading sites online. Topstep FX is based in the USA, but it is available for everyone to use worldwide. Traders are invited to join their "forex funded trader program," which gives them the chance to use Topstep FX's money (and gain a healthy cut of the profits), without risking their capital.