Best Prop Trading Firms in the UK

Apex Trader Funding is our pick for best prop trading firm in the UK due to its flexible funding programs, a simplified evaluation process, competitive profit-sharing structure (offering 100% of the first $25,000 in profits), strong emphasis on education and community support, and global accessibility.

Are you a trader looking to take your skills to the next level? Proprietary trading firms could be the answer you're looking for. Prop trading offers a dynamic and lucrative opportunity to make your mark in the trading world.

Prop firms allow you to trade with the firm's capital, offering the potential for high returns. In the UK, there are several prop trading firms that stand out for their reputation, resources, and opportunities for traders.

If you're considering joining a prop trading firm in the UK, it's important to find the firm that aligns with your goals and trading style. In this article, we're highlighting top firms 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 Experienced Traders: FXIFY
• Best 14 Day Free Trial: Trade The Pool
• Best for Instant Funding: The5ers

Best Prop Trading Firms in the UK

Great prop trading firms provide 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.

Why We Picked It:

• Receive 100% of the first $25,000 per account and 90% beyond that
• Two payouts per month
• Trade full-sized contracts in evaluations or funded accounts
• No scaling or failing by going over contract size
• No daily drawdowns and you can trade on holidays
• Trade your normal day-to-day strategy or system during the news
• No total cap on maximum payout
• One-step evaluation process
• Simple risk management rules
• Ability to trade with multiple accounts up to 20 max

2. Best for Experienced Traders: FXIFY

With FXIFY 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. FXIFY has paid out over $5 million to date. 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.

Why We Picked It:

• Trade on MetaTrader 4 or MetaTrader 5
• Payouts on demand - as soon as you close your first trade on the live account you can request a withdrawal with 100% refund. No minimum days. No minimum withdrawal
• Up to 90% performance split and up to $400k starting capital
• EAs allowed
• Unlimited trading days
• One phase, two phase & three phase challenges
• Accounts starting from $59
• No consistency rules
• Choose between all-in or RAW pricing feed
• Bi-weekly payouts available

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.

Why We Picked It:

• Unlimited buying power and a 14-day free trial
• Access to more than 12,000 stocks and ETFs
• Exceptional program features, including a start-over button and redemption fees
• Withdraw profits while scaling up your funded account
• End-of-day drawdown in all plans
• Free subscription to Trade Ideas, TrendSpider, or Bookmap
• Daily loss limit to prevent account blowout 
• Realistic profit targets at 2x max drawdown

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.

Why We Picked It:

• Hyper Growth program lets you start trading live from day 1 (no demo); your account is doubled for every milestone, plus you get paid from the first target.
• High-Stake program offers more leverage
• 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
• Realistic trading requirements
• Access to a better account without additional charges

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