Best Prop Trading Firms in Canada 2024 (2024)

Top Prop Trading Firms in Canada 2024

Learn More

Maven Trading

4.6 stars

Service Type Prop Trading Firm

Best For Instant funding

Benefits

Overview

Company

  • Instant funding options.
  • Multiple asset classes.
  • Flexible trading strategies.
  • Competitive profit splits.
  • Strong educational support.

Maven Trading, a Canadian-based proprietary trading firm, offers a unique proposition with instant funding options, making it an attractive choice for traders who want to bypass lengthy evaluation processes. The firm's diverse range of tradable assets, including forex, stocks, and commodities, caters to various trading preferences.

Traders at Maven benefit from the firm's flexible approach to trading strategies, enabling them to employ their preferred methods without stringent restrictions. Furthermore, the competitive profit splits offered by Maven incentivize traders to maximize their trading potential.

Established in Canada, Maven Trading has quickly made a name for itself in the prop trading space. The firm's commitment to providing traders with immediate access to capital and a supportive educational environment underscores its dedication to fostering trading talent.

With a focus on nurturing both novice and experienced traders, Maven has become a go-to destination for many looking to amplify their trading careers.

For a full review of Maven Trading, click here.

Learn More

Take Profit Trader

4.7 stars

Service Type Prop Trading Firm

Best For Futures traders

Benefits

Overview

Company

  • Specialized in futures trading.
  • One-time fee for pro accounts.
  • Realistic profit targets.
  • High-quality customer support
  • Regular trading competitions.
  • Promo: Coupon Code MODESTMONEY for 50% off

Take Profit Trader is a prominent prop trading firm that specializes in funding futures traders. The firm is known for its straightforward and user-friendly approach, which is devoid of hidden complexities, making the trading journey smooth and efficient.

While the firm is not based in Canada, Canadian traders and people located in Canada are welcome on the platform.

The firm emphasizes empowering traders with quality education and practical trading experience. Take Profit Trader's approach to trading is centered around simple rules, which aids in the development of effective trading strategies. Their model of providing funding and allowing traders to use their trading skills to generate consistent profits has gained popularity among futures traders.

Take Profit Trader was founded to simplify the path to becoming a funded trader. The company focuses on providing an environment where traders can hone their skills and achieve consistent profitability.

Its unique blend of practical trading opportunities and comprehensive educational resources sets it apart in the prop trading industry.

Click here for a comprehensive review of Take Profit Trader.

Read Full Review

Learn More

TopStep Trader

4.6 stars

Service Type Simulated live trading

Best For Futures and forex

Benefits

Overview

Company

  • Structured evaluation program.
  • Focus on forex and futures.
  • No risk of personal capital.
  • Educational resources available.
  • Access to a professional trading community.
  • Promo: Save 20% via our link today

TopStep Trader offers a unique platform for traders specializing in forex and futures. It's known for its structured evaluation program, the "Trading Combine," which tests traders' skills in a simulated environment. The program focuses on risk management and consistent profitability, preparing traders for real-market conditions.

TopStep is another firm that welcomes Canada-based traders even though they are headquartered elsewhere.

The firm does not require traders to risk their personal capital. Instead, TopStep provides the capital once traders successfully pass the evaluation. This approach not only lowers the entry barrier for new traders but also instills a disciplined trading mindset.

Founded in the United States, TopStep Trader has grown into a globally recognized prop trading firm. Its commitment to nurturing successful trading careers is evident in its comprehensive educational resources and supportive trading community. TopStep Trader’s mission is to find talented traders and give them the tools to succeed in the financial markets.

If you’re looking for a deeper dive into TopStep, check out our detailed review of the platform.

Read Full Review

Learn More

Elite Trader Funding

4.5 stars

Service Type Prop Trading Firm

Best For Variety of assets

Benefits

Overview

Company

  • Relaxed trading rules
  • Wide range of tradable assets.
  • Competitive profit splits.
  • No minimum trading days.
  • One-time fee structure.
  • Promo: Coupon Code ETF4EVER for 65% off

Elite Trader Funding stands out for its relaxed trading rules and a wide array of tradable assets, including forex, indices, and commodities. The firm caters to traders who value flexibility in their trading strategies and seek a variety of markets to trade in.

Elite Trader Funding is another friendly firm for Canadian and Canada-based prop traders, although they are based out of another country.

With no minimum trading days requirement, traders have the freedom to trade on their own schedule, which is particularly appealing to part-time traders. The competitive profit splits offered by Elite Trader Funding incentivize traders to maximize their returns.

Elite Trader Funding is known for its trader-centric approach. The firm’s flexible policies and supportive infrastructure aim to create an environment where traders can thrive without the pressure of stringent rules or excessive fees. Elite Trader Funding focuses on enabling traders to leverage their skills to achieve financial success in the trading world.

Go here to read our full review of Elite Trader Funding.

Read Full Review

Best Prop Trading Firms in Canada 2024 (2024)

FAQs

What is the best prop firm for 2024? ›

#1 – Funder Trading

Funder Trading stands first in our list of the top prop trading firms in 2024 due to multiple reasons but notably it is the only prop trading firm that offers options funding and includes coaching for every trader signed up.

Which is the most trusted prop firm? ›

Best Prop Trading Firms 2024 - Reviewed by Experts
  • FTMO.
  • E8.
  • City Traders Imperium.
  • Fidelcrest.
  • LuxTradingFirm.
  • FundedNext.
  • The Funded Trader.
  • Audacity Capital.
Feb 2, 2024

What prop firm has the fastest payout? ›

Funding Traders offers some of the fastest, most flexible payout terms in the industry. As a funded trader yourself, this industry-leading prop firm empowers you to maximize profits and get paid faster.

What are the prop trading companies in Canada? ›

List best Forex Prop Firms in 2024
  • FTMO.
  • My Forex Funds.
  • The5ers.
  • Topstep.
  • Fidelcrest.
  • City Traders Imperium.
  • Fundin.
  • FundedNext.
Jan 8, 2024

Do prop firms really pay out? ›

Yes, reputable proprietary trading firms do indeed pay traders for their profits. While there are scams out there, it's essential to differentiate them from legitimate firms.

Is TopStep better than take profit trader? ›

Take Profit Trader is lauded for its 80% profit share and the allure of instant withdrawals, providing traders with rapid access to their earnings. Although TopStep offers a slightly higher profit split of 90%, the ease and immediacy of fund access at Take Profit Trader give it a competitive edge.

What is the best instant funding prop firm? ›

While FTMO stands out as the best overall prop firm, other options such as Fidelcrest, 5%ers, BluFX, Glow Node, Smart Prop Trader, FTUK, Instant Funding, and SurgeTrader also offer attractive features and benefits.

Why is FTMO banned in US? ›

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

Which prop firm has the lowest fees? ›

Best cheap forex prop firms
  • FTMO: evaluations starting at $399.
  • TopStepTrader: Challenges starting at $375.
  • T4tCapital: Flexible evaluation options starting at $299.
  • Funded Trading Plus: Starting at $25.
  • Earn2Trade: $99 Mini challenge.
  • True Trading Group: $49 evaluation with a $25,000 virtual account.
Feb 27, 2024

How much does the average prop trader make? ›

Prop Firm Trader Salary

The salary of a prop trader can vary greatly depending on several factors such as experience, performance, and the size of the firm. On average, a junior prop trader can expect to earn anywhere between $50,000 to $100,000 per year, while a senior trader can make upwards of $500,000 annually.

What is the success rate of prop traders? ›

The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

What happens if you lose money in a prop firm? ›

Profits from trades are generally divided between the firm and the prop trader; however, the risk distribution is asymmetric. This means that in the event of a loss, the trader bears 100% of the losses, while they don't receive 100% of the profits.

What is the best prop firm in Canada? ›

Best Prop Trading Firms In Canada
  • FTMO.
  • True Forex Funds (TTF)
  • Blue Guardian.
  • The 5ers.
  • Fidelcrest.
  • Bulenox.

Who is Canada's best trading partner? ›

Canada - Market Overview. The United States and Canada enjoy the world's largest and most comprehensive trading relationship that supports millions of jobs in each country and constitutes a US$1.95 trillion bilateral trade and investment relationship.

What are Canada's top 5 trading partners? ›

The most recent exports are led by Crude Petroleum ($123B), Cars ($29.4B), Petroleum Gas ($24.3B), Refined Petroleum ($17.2B), and Gold ($14.7B). The most common destination for the exports of Canada are United States ($438B), China ($25.4B), Japan ($14.3B), United Kingdom ($12.9B), and Mexico ($7.39B).

Is FTMO the best prop firm? ›

FTMO Investment Options

One of the main reasons why FTMO is a good prop firm is their investment options. They offer traders the opportunity to trade with their own capital, as well as access to additional capital from FTMO.

How do I choose a prop trading firm? ›

Don't just pick the first prop trading firm you find. Choose one with a good reputation, support for traders, good tools, safety measures, fair costs, and a friendly community. This way, you can trade smarter and have a better chance at success.

How do I choose a prop firm? ›

Vetting the Prop Firm's Track Record

The first step when deciding on any prop trading firm should be an in-depth look at its reputation and history in the industry. A firm's standing within the trading community will highlight its reliability and ability to support its traders with a secure trading environment.

References

Top Articles
Latest Posts
Article information

Author: Fredrick Kertzmann

Last Updated:

Views: 6432

Rating: 4.6 / 5 (66 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Fredrick Kertzmann

Birthday: 2000-04-29

Address: Apt. 203 613 Huels Gateway, Ralphtown, LA 40204

Phone: +2135150832870

Job: Regional Design Producer

Hobby: Nordic skating, Lacemaking, Mountain biking, Rowing, Gardening, Water sports, role-playing games

Introduction: My name is Fredrick Kertzmann, I am a gleaming, encouraging, inexpensive, thankful, tender, quaint, precious person who loves writing and wants to share my knowledge and understanding with you.