If you’re new to proprietary trading or want to save time, you might consider copy trading – manually or automatically replicating your or someone else’s trades. This might lead you to wonder about the prop firms that allow copy trading.
Not all retail prop trading firms permit copying trades; several allow it only within your accounts. Consider reviewing a prop firm’s policies before copying trades. Learn about the best prop firms that allow copy trading to find a platform that fits your trading needs.
- Best Prop Firms for Copy Trading
- 1. For Traders
- 2. The5ers
- See All 9 Items
Best Prop Firms for Copy Trading
Copy trading can allow you to participate in markets with little to no experience, can give you the chance to learn from experienced traders and can save you time if you’re an experienced trader. Here are the best prop firms that allow copy trading.
1. For Traders
Launched in 2023, For Traders is a proprietary trading firm headquartered in Prague, Czech Republic, with secondary offices in Dubai, United Arab Emirates. CEO Jakub Rož founded the company with other entrepreneurs experienced in technology and trading.
Why We Love It: For Traders offers one- and two-step challenges where you can customize the conditions. The company also offers five account sizes: $6,000, $15,000, $25,000, $50,000 and $100,000, with a maximum allocation of $200,000 per customer.
The 90% profit split is one of the highest in the industry. You can access three trading platforms – cTrader, TradeLocker and DXtrade – with free educational resources and customer support 24/5. The financial instruments available in the U.S. on For Traders include currencies, commodities, futures and indices.
2. The5ers
- Best For:Experienced and beginner forex, indices, and metal tradersVIEW PROS & CONS:securely through The5ers's website
Gil Ben Hur, who began day trading in 2007, founded The5ers in 2016 after no other company would hire him to trade and develop and improve his trading skills. After working online with a group of global traders, he developed the infrastructure and administrative guidelines for his company. Saul Lokier is the CEO, and The5ers is based in Raanana, Israel. It also has an office in London, England.
Why We Love It: When you sign up for one of the three programs offered by The5ers, you get funded instantly with real capital you can profit from. The company offers a one-step challenge, Hyper Growth and a two-step challenge, High Stakes. You can also sign up for the Bootcamp. You can trade in forex, commodities, cryptocurrencies and energy commodities.
The5ers uses MetaTrader 5 (MT5), one of the most popular platforms for trading foreign exchange (forex). The platform includes a trade copier – a software application for copying trades.
3. BrightFunded
- Best For:Unlimited ScalingVIEW PROS & CONS:securely through BrightFunded's website
Jelle and Syb Dijkstra co-founded BrightFunded in 2022. The proprietary trading firm is headquartered in Amsterdam, Netherlands and has an office in Dubai, United Arab Emirates.
Why We Love It: BrightFunded says it wants traders to succeed, so it provides a three-stage evaluation process: The Challenge, The Verification and The Funded Star. The site provides access to the forex and cryptocurrency markets and features commission-free trades, lower profit targets and daily payouts.
BrightFunded develops and builds all of its technology in-house to create operational independence. Account sizes range from $10,000 to $200,000, with traders being able to manage an initial account of $400,000, which can be scaled indefinitely. BrightFunded offers an 80% profit split.
4. FXIFY
FXIFY is a proprietary trading company founded by Peter Brown, David Bhidey and Bobby Winters in April 2023. It grew out of FXPIG, a multi-asset broker providing access to more than 300 assets. The company is based in London, England.
Why We Love It: FXIFY aims to give traders the best experience by providing real-time analytics and metrics and the possibility of instant funding without an evaluation or profit targets. You can keep up to 90% of your profits.
Other features include capital up to $400,000 that can scale based on your trading consistency and the ability to receive your payouts on request. You can trade forex, indices, metals and stocks. FXIFY uses some of the most popular trading platforms: MetaTrader 4, MT5 and DXTrade, all of which have a built-in trade copier.
5. Trade the Pool
- Best For:Stock TradersVIEW PROS & CONS:securely through Trade The Pool's website
Trade the Pool is a proprietary stock trading firm started in 2022 by Gil Ben Hur, who founded The5ers in 2016. It is designed as a limited-risk trading platform to support a trader’s growth while managing risk. Michael Katz heads up Trade the Pool, which is also headquartered in Raanana, Israel.
Why We Love It: In the firm’s effort to reduce barriers to retail trades, it offers a single-step evaluation for funding with account sizes that range from $5,000 to $200,000. You can choose between two evaluations: the Flex Evaluation, which gives you unlimited time to complete with few rules, and the Max Evaluation, which offers high rewards for consistency over 60 days.
Trade the Pool, or TTP, gives you access to more than 12,000 stocks and exchange-traded funds, allows you to trade penny stocks and choose your trading strategy.
Trade the Pool offers four funding programs, each with a profit split: Mini Buying Power, 50%; Super Buying Power, 60%; Extra Buying Power, 70%; and Ultimate Buying Power, 80%. Trade the Pool uses the proprietary trading platform Trader Evolution.
6. My Funded Futures
- Best For:Fastest Payouts for Futures TradersVIEW PROS & CONS:securely through MyFundedFutures's website
My Funded Futures is a proprietary trading firm founded by Matthew Leech in 2023. The company is headquartered in Dover, Delaware and is a sister company to MyFundedFX, launched by Leech in Dallas, Texas, in 2022. My Funded Futures focuses on futures trading.
Why We Love It: My Funded Futures offers beginning and experienced traders a single-phase evaluation, allowing you to start trading quickly. The platform offers flexible terms, quick payouts and robust customer support. My Funded Futures offers four funding programs: Starter, Starter Plus, Expert and Milestone, with account sizes of $50,000, $100,000 and $150,000.
You pay a monthly fee for the Starter, Starter Plus and Expert programs, and the Milestone program carries a one-time fee. My Funded Futures does not impose minimum or maximum trading days during your evaluation. You get to keep 100% of your first $10,000 profit. After that, the split is 90%.
Find the Right Prop Firm for Your Copy Trading
Several factors can influence the proprietary trading firm you choose. If you’re a beginning trader or don’t have much time to trade, copy trading can get you trading quickly or keep you trading. Now that you know the best prop firms that allow copy trading, you can choose the one that fits your trading style.
Frequently Asked Questions
Are copy trade prop firms legit?
Several legitimate prop firms allow copying trades under accounts registered in your name, not a third party. However, it’s crucial to check the terms and conditions to ensure you abide by the rules to avoid having your account terminated.
Can prop firms detect trade copiers?
To detect and stop copy trading, prop firms monitor trading patterns, analyze your trade history and use technology to sift through data efficiently. They can review your trading patterns – decisions and frequency, size and timing of trades – to look for unusually consistent or identical trades.
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.