Top Prop Firm Deals
These prop firm discounts are the best deals available from the best prop firms. These deals are from companies on my list of the best prop firms, which ranks them based on a bunch of important factors. I update the best prop firms list often, when firms change their programs or offer new ones.
Other Futures Prop Firm Discounts
Most of these prop firms aren't on my "best" list for one reason or another but are still reputable as far as I know. Most of these I haven't traded with, but many traders like them and want to get the best deal, so here they are.
You'll notice I don't have any Forex firms on here. Read aboutFutures vs Forex to see why I only recommend futures trading evaluations.
What's the Best Trader Funding Deal for You?
The best prop firm (aka trader funding firm) deal for you, means finding the best prop firm for you, and waiting for a good deal. With the sales available right now, there's not much reason to pay full price.
You want to choose an evaluation that matches your style of trading. That way, you just have to do your thing, without worrying about rules that prohibit you from trading your strategy. You can compare the best trader funding firms to figure out which one fits you best. Then use the deal above to get the best price.
Comparing Online Prop Firms
Of course pricing is important, but you should at least consider these other factors when choosing a prop firm.
Drawdown Type
In trader funding, drawdown refers to the loss amount that will blow the account up. If your drawdown is $2,000, you can lose $1,999.99 before you lose the account. There are three main types of drawdowns: EOD (End of Day), Trailing (Unrealized), and Static.
EOD Drawdowns are considered the "easiest" by most traders. With these, you can drawdown X amount from your highest end-of-day balance. We'll call that your peak. i.e., if you have a $2,000 EOD drawdown and your highest closing balance was $52,100, your account will be lost if you drawdown to $50,100.
That threshold can't go lower, only higher, but it isn't affected by your intraday balance. It goes up when your peak goes up.
"Trailing Drawdown" usually refers to an unrealized trailing drawdown. This means that your peak balance is adjusted upward as your balance rises during the day, regardless of whether you still have those profits at the end of the day.
Also called an unrealized drawdown, it requires a little more discipline to manage drawdown risk. Some traders use a different trading style, like scalping, to mitigate that risk.
Static Drawdown refers to a fixed drawdowdn. This means your loss threshold will stay at the same amount regardless of how your account grows. That threshold is at your starting balance minus the static drawdown. So, if your static drawdown is $5,000 on a $150,000 account, your loss threshold will always be at $145,000.
Many traders prefer this type of drawdown since each dollar of profit will give them more room to trade. Of course, this also means the static evaluations are more expensive per dollar of drawdown. Feel free to check out the best static drawdown trading evaluations available.
Profit Target : Drawdown Ratio
PT to DD ratio compares the amount of profit needed to pass (or get paid), to the amount of loss that will blow your account. If all other variables are the same, the probability of passing increases as this rate decreases. Some companies offer lower ratios than others, but account size is a big factor, too. Most companies offer the lowest ratios on their smaller accounts. In this case, choosing the smaller accounts can help your chances of passing. A good ratio is 1.5 to 1 or less, with some of the best accounts offering 1.2:1 or even 1:1.
Passability
Passability is a subjective metric I created to compare theease of passing evaluations at one company versus all the others. You can see it in the table for thetop trader funding firms. A good rating doesn't mean it's easy to pass.
If Company A has a higher passability rating than Company B, it just means that most traders will have a better chance of passing with company A. Not everyone will fit that, but the rating takes in all the factors that make it harder or easier to pass, given the same level of trading skill and discipline.
Minimum Time to Payment
This rating is mostly like it sounds. What's the fastest you could possibly get paid? It considers the best possible scenario of buying an evaluation, passing it, getting funded, reaching the payout requirements, and getting a payment approved and having it land in your bank account.
Of course, there are a lot of variables there. But this takes into account minimum days to pass, minimum days to take a withdrawal, consistency rules, and all other rules different firms have for dictating when you can get paid.
Keep in mind that with some firms, signing up at certain times of the month may lengthen your minimum time to payment. This is because your signup date will change your earliest qualifying date which could end up being right after a payout request window ends, so you'd have to wait for the next window.
