FTMO is one of the most well-known proprietary trading firms, offering funded accounts to traders who pass its evaluation process. However, it's not the only option available. Whether you're looking for different trading rules, higher profit splits, lower fees, or faster funding, there are several strong FTMO alternatives that cater to a range of trader needs and styles.
In this guide, we’ll explore the best FTMO alternatives and what sets them apart, so you can find the right prop firm to match your trading goals.
Best FTMO Alternatives
Here’s a look at the best prop trading firms and FTMO alternatives.
Best for Flexible Funding Options: FXIFY
The prop firm FXIFY stands out for its flexible funding options. You can experience proprietary trading without spending a ton of cash. The platform’s introductory subscription starts at just $59. FXIFY represents one of the top-funded trading platforms.
Why We Picked It: We chose FXIFY for its unique combination of funding options and straightforward evaluation process. You can choose from various account sizes and select a subscription price that best fits your trading goals. A top-tier subscription allows you to manage hundreds of thousands in capital.
FXIFY also has a more personalized evaluation structure. FTMO has a much more rigid framework. FXIFY makes it easy to find a funding path that aligns with your needs and budgetary constraints.
Best for Multi-Asset Trading: The Trading Pit
- Best For:Multi-Asset TradersVIEW PROS & CONS:securely through The Trading Pit's website
The Trading Pit lets you deal in all sorts of assets. You’ll be able to trade stocks and commodities. The platform also features crypto and forex. Talk about having plenty of options!
Why We Picked It: We chose The Trading Pit for its versatility and wide selection of asset classes. The Trading Pit will allow you to explore different markets and assets. You’ll have a chance to diversify your trading experience and learn new skills.
FTMO primarily focuses on forex. The Trading Pit opens the door to stocks and more. You’ll also benefit from the platform’s competitive fee structure and advanced trading tools. Experiment with different strategies and commodities to identify your trading niche.
Best for Low-Risk Trading: The 5%ers
- Best For:Forex, Indices and Metal TradersVIEW PROS & CONS:securely through The5ers's website
The 5%ers prop firm was built with risk-averse traders in mind. It offers low-risk trading programs that are ideal for those with a more conservative approach to various markets. You can get started for $260.
Why We Picked It: The 5%ers differentiate themselves from FTMO by focusing on low-cost trading environments. You can engage in high-risk/high-reward transactions or opt for a slow and steady approach to growth. You can pick your path when engaging in trades.
The firm also provides a supportive trading environment with a strong emphasis on long-term development. You can learn new skills and use the platform’s educational resources to become more well-rounded.
Best for Global Reach: FundedNext
FundedNext has become one of the biggest prop firms. They offer trading opportunities to users around the world. You can connect with a diverse community of traders, making the experience fun and exciting. You may even learn new skills from your network of peers.
Why We Picked It: FundedNext stands out for its inclusive approach to trading. FTMO primarily focuses on European markets. FundedNext actively seeks to engage traders from various regions and offers localized support and resources. It’s a good choice for traders looking for a prop firm that understands the nuances of different markets.
FundedNext also offers a free trial. You can demo the platform to see if it fits your trading goals. The paid plans start at just $59. They offer a variety of other plan tiers, each providing different splits and account sizes.
Best for Innovative Challenges: Traders With Edge
- Best For:Prop or Retail TradersVIEW PROS & CONS:securely through Traders With Edge's website
Traders With Edge has innovative challenges designed to test and enhance your skills. It can be a good choice if you are looking for something a little different and want to test your talents.
Why We Picked It: Traders With Edge offers a refreshing take on the traditional prop trading model. You can customize the challenges based on your long-term goals and experience level. Higher subscription tiers have access to more customization options when creating challenges.
The unique challenge model can take some time to get used to. You might want to start with a lower subscription tier before upgrading to a larger account size. Keep in mind that your splits will be lower on the cheaper plans.
Best for U.K.-based Traders: FTUK
FTUK specifically serves traders based in the United Kingdom. The firm offers competitive funding options and trading programs designed to meet the needs of U.K. traders.
Why We Picked It: The firm offers a localized approach to prop trading. You’ll benefit from programs aligned with the United Kingdom market conditions and regulations.
FTUK’s focus on the U.K. market makes it a great choice if you live in England. It provides stellar support and market-specific tools to help you execute trades.
FTMO Overview
FTMO has gained a reputation as one of the leading proprietary trading firms in the industry. It offers a chance to manage substantial capital by passing a two-step evaluation process.
During your FTMO trading evaluation process, the platform will assess your ability to navigate drawdowns and make wise transaction decisions. Winners can access an FTMO account and receive up to 90% of profits from their trades.
FTMO offers several different account types, including aggressive and standard options. Choose an account that aligns with your risk tolerance.
Be prepared to pay some hefty fees to use FTMO. You’ll also lose your subscription money if you fail their challenges.
What’s the Right Prop Trading Firm For You?
It’s essential to weigh your options before choosing a prop trading platform. Our list of FTMO alternatives can help you identify a solution that aligns with your skill level, budgetary constraints, and long-term goals.
Don’t just jump at the first option you come across. Weigh the pros and cons of each platform so you can choose the best one for your trading needs.
Frequently Asked Questions
Who is better than FTMO?
Several prop firms may be considered better than FTMO depending on your trading style and goals. The5ers and FundedNext are popular alternatives.
What is the 1% rule in FTMO?
The 1% rule in FTMO refers to a recommended risk management strategy where traders risk no more than 1% of their account balance per trade. While not an official requirement, FTMO advises this approach to help traders manage risk effectively and protect their capital.
What is the best platform for FTMO trading?
The best platform for FTMO trading is MetaTrader 4 (MT4), due to its wide support, fast execution, and compatibility with FTMO’s systems. However, MetaTrader 5 (MT5) and cTrader are also available and preferred by some traders for advanced features and smoother performance.
About Sarah Edwards
Sarah Edwards is a finance writer passionate about helping people learn more about what’s needed to achieve their financial goals. She has nearly a decade of writing experience focused on budgeting, investment strategies, retirement and industry trends. Her work has been published on NerdWallet and FinImpact.
