Best Options Prop Trading Firms of 2024: Reviewed (2024)

Options trading offers a myriad of opportunities for traders to capitalize on market volatility and generate substantial returns. For those delving into the world of options trading, partnering with the right proprietary trading firm can make all the difference. In this exploration, we embark on a journey to uncover the best options prop trading firms available. From cutting-edge technology to comprehensive training programs, we'll dive deep into what sets these firms apart and how they can empower traders to thrive in the complex landscape of options trading.

1. The Funded Trader

The Funded Trader is a platform that offers funding opportunities and support for forex traders who aim to trade with larger capital. It provides a pathway for traders to access funding and grow their trading accounts, ultimately aiming to help them achieve success in the forex market.

Features:

1. Evaluation Process: Similar to other funded trading platforms, The Funded Trader employs an evaluation process to assess traders' skills and performance. This typically involves trading challenges and risk management assessments to ensure traders have the necessary expertise.

2. Funding Options: Successful traders can receive funding from The Funded Trader to trade with. The platform offers different funding tiers, allowing traders to choose the level of capital they wish to trade with based on their performance and goals.

3. Risk Management Support: The Funded Trader provides traders with access to risk management tools and guidelines to help them effectively manage their trades and minimize potential losses. This support is crucial for maintaining consistency and protecting trading capital.

4. Profit Sharing Model: Traders share a portion of their profits with The Funded Trader once they are funded. This model incentivizes traders to perform well and ensures that both parties benefit from successful trading endeavors.

5. Educational Resources: The Funded Trader offers educational resources, training materials, and mentorship to help traders enhance their trading skills and knowledge. This support can be valuable, especially for newer traders looking to improve their proficiency in the forex market.

Pros:

1. Access to Capital: The Funded Trader provides traders with access to larger capital amounts than they might have on their own, allowing them to potentially increase their trading profits.

2. Performance-Based Funding: Funding is based on traders' performance, rewarding successful traders with increased capital and opportunities for growth.

3. Risk Management Assistance: The platform offers support and tools to help traders manage risk effectively, which is essential for long-term trading success.

4. Educational Support: Traders have access to educational resources and mentorship, enabling them to continuously improve their trading skills and strategies.

Cons:

1. Evaluation Challenges: The evaluation process can be demanding, and not all traders may meet the platform's criteria for funding.

2. Profit Sharing: Traders are required to share a portion of their profits with The Funded Trader, which may reduce their overall earnings.

3. Market Dependency: Success with The Funded Trader relies on market conditions, and traders may encounter challenges during periods of high volatility or unpredictable market behavior.

2. The 5%ers

The 5%ers is a proprietary trading firm that provides funding and support to forex traders, aiming to help them become consistently profitable and successful in the forex market.

Features:

1. Evaluation Process: The 5%ers employs a thorough evaluation process to assess traders' skills, trading strategies, and risk management techniques. Traders undergo simulated trading challenges and performance assessments to qualify for funding.

2. Funding Programs: Once traders successfully pass the evaluation process, they gain access to funding from The 5%ers to trade in the forex market. The firm offers various funding programs with different capital amounts and requirements to suit traders' needs and preferences.

3. Risk Management Tools: The 5%ers provides traders with access to advanced risk management tools and guidelines to help them manage their trades effectively and protect their capital. This includes strategies for position sizing, stop-loss placement, and portfolio diversification.

4. Profit Sharing Model: Traders share a percentage of their profits with The 5%ers once funded. This profit-sharing model incentivizes traders to perform well and aligns their interests with those of the firm.

5. Educational Resources: The 5%ers offers educational resources, training materials, and mentorship programs to help traders improve their trading skills and knowledge. This support is designed to facilitate continuous learning and improvement among traders.

Pros:

1. Access to Capital: Traders associated with The 5%ers gain access to capital provided by the firm, allowing them to trade with larger positions and potentially increase their trading profits.

2. Performance-Based Funding: Funding is based on traders' performance, rewarding consistent profitability and disciplined trading behavior.

3. Risk Management Support: The 5%ers emphasizes the importance of effective risk management and provides traders with the tools and guidance needed to protect their capital and manage risk appropriately.

4. Community Engagement: Traders benefit from a supportive community within The 5%ers, where they can interact with fellow traders, share insights, and exchange ideas.

Cons:

1. Evaluation Challenges: The evaluation process can be rigorous, and not all traders may meet The 5%ers' criteria for funding.

2. Profit Sharing Obligation: Traders are required to share a portion of their profits with The 5%ers, which may impact their overall earnings.

3. Market Volatility: Traders may face challenges during periods of high market volatility or adverse market conditions, which could impact trading performance. Adapting to changing market conditions is essential for long-term success.

3. FTMO

FTMO, standing for Forex Traders Made Successful, is a trading firm that offers funding and educational programs for aspiring forex traders. It provides an avenue for traders to showcase their skills and potentially receive funding to trade with.

Features:

1. Evaluation Process: FTMO employs a rigorous evaluation process to assess traders' skills and discipline. This includes trading challenges and risk management assessments.

   See Also

   Best Options Prop Trading Firms Review Options Trading at Prop Firms: Advanced StrategiesProp Trading Firm Comparison: The Best Options in 2024Best Options Trading Prop Firms

2. Funding: Successful traders can receive funding from FTMO to trade with. This funding typically ranges from tens of thousands to hundreds of thousands of dollars, depending on the trader's performance and the chosen account size.

3. Risk Management: FTMO emphasizes proper risk management techniques, helping traders to avoid large losses and maintain consistency in their trading strategies.

4. Educational Resources: FTMO offers educational materials and support to help traders improve their skills and strategies.

Pros:

1. Access to Capital: For traders who lack sufficient capital to trade with, FTMO offers an opportunity to access significant funding.

2. Performance-Based: The funding provided by FTMO is based on traders' performance, rather than traditional metrics like credit scores or financial history.

3. Risk Management Focus: FTMO's emphasis on risk management helps traders to develop disciplined trading habits, which can lead to long-term success.

4. Supportive Community: Traders within the FTMO program have access to a supportive community of like-minded individuals, where they can share experiences and learn from each other.

Cons:

1. High Expectations: The evaluation process can be challenging, and not all traders are successful in meeting FTMO's criteria for funding.

2. Limited Flexibility: Traders must adhere to FTMO's rules and guidelines, which may restrict some trading strategies or styles.

3. Costs and Fees: While FTMO doesn't charge upfront fees, they do take a percentage of traders' profits once funded, which may reduce overall earnings.

4. Market Dependency: Success with FTMO relies heavily on market conditions, and traders may struggle during periods of high volatility or unusual market behavior.

4. FTUK

FTUK is a leading proprietary trading firm based in the UK, offering traders across the globe the opportunity to trade with its capital. Distinguished by its comprehensive trader development program, FTUK focuses on nurturing talent through education, mentorship, and a supportive trading community. Traders are provided with cutting-edge trading platforms and tools, enabling them to execute a wide range of strategies in forex, commodities, and indices markets. With a strong emphasis on risk management and sustainable trading practices.

Features:

1. Funding Programs: FTUK offers funding programs to traders who demonstrate trading skill and potential. Traders can access capital provided by the firm to trade various financial markets.

2. Evaluation Process: Traders interested in obtaining funding typically undergo an evaluation process to assess their trading abilities, risk management skills, and consistency. This evaluation may include simulated trading challenges and performance assessments.

3. Risk Management: FTUK emphasizes the importance of effective risk management and provides traders with guidelines and tools to manage risk appropriately. Proper risk management is essential for protecting trading capital and achieving long-term success.

4. Technology and Support: FTUK may offer traders access to advanced trading technology, platforms, and market data. Additionally, traders may receive support and guidance from experienced professionals within the firm.

Pros:

1. Access to Capital: Traders associated with FTUK gain access to capital provided by the firm, allowing them to trade with larger positions and potentially increase profits.

2. Professional Support: Traders may receive mentorship, coaching, and support from experienced professionals within the firm, helping them improve their trading skills and strategies.

3. Risk Management Assistance: FTUK provides traders with resources and guidance on risk management, helping them navigate volatile market conditions and protect their trading capital.

4. Technology Infrastructure: Traders may benefit from access to advanced trading technology and infrastructure, enhancing their ability to execute trades efficiently and capitalize on market opportunities.

Cons:

1. Performance Expectations: Traders associated with FTUK are typically required to meet performance targets and adhere to risk management guidelines. Failure to meet these expectations may result in loss of funding or other consequences.

2. Profit Sharing: Traders may be required to share a portion of their trading profits with FTUK, reducing their overall earnings.

3. Market Risks: Trading in financial markets involves inherent risks, including the risk of financial loss. Traders associated with FTUK must be prepared to manage these risks effectively.

4. Market Volatility: Traders may face challenges during periods of high market volatility or unexpected market movements, which could impact trading performance.

5. Fidelcrest

Fidelcrest is a platform that offers funding and trading opportunities for forex traders, similar to FTMO. It aims to provide traders with the capital and resources needed to succeed in the forex market.

Features:

1. Evaluation Process: Fidelcrest employs an evaluation process to assess traders' skills and performance. This typically includes trading challenges and risk management assessments.

2. Funding: Successful traders can receive funding from Fidelcrest to trade with. The funding amount varies depending on the trader's performance and the chosen account size.

3. Risk Management Tools: Fidelcrest provides traders with access to risk management tools and guidelines to help them manage their trades effectively and minimize losses.

4. Flexibility: Traders have the flexibility to choose their trading strategies and styles, as long as they adhere to Fidelcrest's risk management policies.

5. Educational Resources: Fidelcrest offers educational materials, webinars, and support to help traders improve their trading skills and knowledge.

Pros:

1. Access to Capital: Fidelcrest provides traders with access to funding, allowing them to trade with larger capital than they might have on their own.

2. Performance-Based: Like FTMO, Fidelcrest's funding is based on traders' performance, rewarding successful traders with increased capital and opportunities.

3. Educational Support: Fidelcrest offers educational resources and support to help traders improve their skills and become more successful in the forex market.

4. Flexibility: Traders have the freedom to choose their trading strategies and styles, allowing them to express their creativity and adapt to changing market conditions.

Cons:

1. Evaluation Challenges: The evaluation process can be rigorous, and not all traders may meet Fidelcrest's criteria for funding.

2. Profit Sharing: Fidelcrest takes a percentage of traders' profits once they are funded, which may reduce overall earnings.

3. Market Dependency: Success with Fidelcrest, like any trading endeavor, relies heavily on market conditions, and traders may face challenges during periods of high volatility or unpredictable market behavior.

6. Funding Traders

Funding Traders is a platform designed to provide funding and support to forex traders, offering them an opportunity to trade with larger capital amounts. It serves as a bridge for traders looking to expand their trading accounts and pursue their financial goals in the forex market.

Features:

1. Evaluation Process: Funding Traders employs a comprehensive evaluation process to assess traders' skills, discipline, and risk management abilities. This typically involves trading challenges and performance assessments to ensure that funded traders meet certain criteria.

2. Funding Programs: The platform offers various funding programs with different capital amounts and requirements. Traders can choose the program that best suits their trading style, experience level, and financial goals.

3. Risk Management Tools: Funding Traders provides traders with access to risk management tools and guidelines to help them navigate the markets safely and protect their trading capital. Effective risk management is crucial for long-term trading success.

4. Profit Sharing Model: Like other funded trading platforms, Funding Traders operates on a profit-sharing model. Once funded, traders share a portion of their profits with the platform. This incentivizes traders to perform well and aligns their interests with those of the platform.

5. Educational Resources: Funding Traders offers educational resources, training materials, and mentorship to help traders enhance their trading skills and knowledge. This support can be invaluable, especially for newer traders looking to develop their expertise in the forex market.

Pros:

1. Access to Capital: Funding Traders provides traders with access to larger capital amounts, enabling them to potentially increase their trading profits and scale their trading activities.

2. Performance-Based Funding: Funding is based on traders' performance, rewarding successful traders with increased capital and opportunities for growth.

3. Risk Management Assistance: The platform offers support and tools to help traders manage risk effectively, which is essential for sustainable trading success.

4. Educational Support: Traders have access to educational resources and mentorship, allowing them to continuously improve their trading skills and strategies.

Cons:

1. Evaluation Challenges: The evaluation process can be rigorous, and not all traders may meet the platform's criteria for funding.

2. Profit Sharing: Traders are required to share a portion of their profits with Funding Traders, which may impact their overall earnings.

3. Market Dependency: Success with Funding Traders is subject to market conditions, and traders may face challenges during periods of high volatility or unfavorable market conditions.

7. The Trading Pit

The Trading Pit is a platform offering funding opportunities and support to forex traders, aiming to empower them with the resources needed to succeed in the dynamic forex market.

Features:

1. Evaluation Process: The Trading Pit employs a meticulous evaluation process to assess traders' skills, risk management strategies, and overall trading discipline. This typically involves simulated trading challenges and performance assessments.

2. Funding Programs: Traders who successfully pass the evaluation process can access funding from The Trading Pit. The platform offers various funding programs tailored to different trading styles, experience levels, and capital requirements.

3. Risk Management Tools: The Trading Pit provides traders with access to advanced risk management tools and techniques to help them navigate the complexities of the forex market. This includes guidelines on position sizing, stop-loss placement, and portfolio diversification.

4. Profit Sharing Model: Once funded, traders share a percentage of their profits with The Trading Pit. This profit-sharing model aligns the interests of traders and the platform, incentivizing traders to perform at their best and ensuring mutual success.

5. Educational Resources: The Trading Pit offers a wealth of educational resources, including trading tutorials, webinars, and personalized coaching sessions. These resources are designed to enhance traders' skills, deepen their market knowledge, and foster continuous improvement.

Pros:

1. Access to Capital: Traders gain access to significant capital through The Trading Pit, enabling them to amplify their trading opportunities and potentially achieve higher returns.

2. Performance-Based Funding: Funding is based on traders' performance, rewarding consistent profitability and disciplined trading behavior.

3. Risk Management Support: The Trading Pit emphasizes the importance of robust risk management practices, providing traders with the tools and guidance needed to protect their capital and mitigate losses.

4. Community Engagement: Traders benefit from a supportive community within The Trading Pit, where they can share insights, exchange ideas, and collaborate with like-minded individuals.

Cons:

1. Evaluation Rigor: The evaluation process can be challenging, and not all traders may meet the platform's stringent criteria for funding.

2. Profit Sharing Obligation: Traders are obligated to share a portion of their profits with The Trading Pit, which may impact their overall profitability.

3. Market Volatility: Success with The Trading Pit is subject to market conditions, and traders may encounter periods of heightened volatility or adverse market movements. Adaptability and risk management are essential in such circ*mstances.

8. SurgeTrader

SurgeTrader is a trading platform that offers funding opportunities and support to aspiring forex traders, providing them with the resources and capital needed to succeed in the competitive forex market.

Features:

1. Evaluation Process: SurgeTrader utilizes a thorough evaluation process to assess traders' skills, discipline, and risk management techniques. This process often involves simulated trading challenges and performance evaluations to ensure traders meet the platform's standards.

2. Funding Programs: Traders who successfully pass the evaluation process can access funding from SurgeTrader. The platform offers various funding programs tailored to different trading styles and account sizes, allowing traders to choose the program that best fits their needs and goals.

3. Risk Management Tools: SurgeTrader equips traders with comprehensive risk management tools and guidelines to help them navigate the complexities of the forex market safely. This includes strategies for position sizing, stop-loss placement, and portfolio diversification to mitigate potential losses.

4. Profit Sharing Model: Once funded, traders are required to share a portion of their profits with SurgeTrader. This profit-sharing model aligns the interests of traders and the platform, incentivizing traders to perform well and ensuring mutual success.

5. Educational Resources: SurgeTrader provides traders with access to educational resources, including trading tutorials, webinars, and mentorship programs. These resources are designed to enhance traders' skills, deepen their understanding of market dynamics, and facilitate continuous learning and improvement.

Pros:

1. Access to Capital: SurgeTrader offers traders access to substantial capital, allowing them to trade larger positions and potentially increase their trading profits.

2. Performance-Based Funding: Funding is based on traders' performance, rewarding consistent profitability and disciplined trading behavior.

3. Risk Management Support: SurgeTrader emphasizes the importance of robust risk management practices, providing traders with the tools and guidance needed to protect their capital and manage risk effectively.

4. Community Engagement: Traders benefit from a supportive community within SurgeTrader, where they can interact with fellow traders, share insights, and exchange ideas.

Cons:

1. Evaluation Challenges: The evaluation process can be rigorous, and not all traders may meet SurgeTrader's criteria for funding.

2. Profit Sharing Requirement: Traders are obligated to share a portion of their profits with SurgeTrader, which may impact their overall profitability.

3. Market Volatility: Success with SurgeTrader is subject to market conditions, and traders may face challenges during periods of high volatility or adverse market movements. Adapting to changing market conditions is essential for long-term success.

9. Funded Trading Plus

Funded Trading Plus is a proprietary trading firm that differentiates itself by offering unparalleled flexibility in its evaluation process, tailored for traders seeking to navigate the world of proprietary trading without the usual constraints of maximum or minimum trading days. This innovative approach allows traders to operate at their own pace, focusing solely on adhering to the firm's specific trading rules to succeed. Designed to accommodate a wide range of trading strategies and risk tolerances, Funded Trading Plus provides various account plans suitable for both intermediate and advanced traders, with profit targets set to encourage growth and progression.

Features:

1. Enhanced Funding Opportunities: Funded Trading Plus offers traders access to larger trading accounts compared to traditional funded trading programs. This means traders can potentially trade with more capital, allowing for larger positions and potentially higher profits.

2. Advanced Evaluation Process: The evaluation process for Funded Trading Plus may be more comprehensive and stringent compared to standard funded trading programs. This could involve more challenging trading objectives, stricter risk management criteria, or additional performance metrics.

3. Tailored Support and Resources: Traders participating in Funded Trading Plus may receive personalized support and access to specialized resources. This could include one-on-one coaching, advanced trading tools and technology, and exclusive educational materials.

4. Profit Sharing Structure: Similar to traditional funded trading models, Funded Trading Plus likely operates on a profit-sharing basis. Traders are typically required to share a portion of their profits with the proprietary trading firm once funded. However, the profit-sharing arrangement in Funded Trading Plus may vary and could offer more favorable terms or incentives for top-performing traders.

Pros:

1. Access to Larger Capital: Funded Trading Plus provides traders with access to larger trading accounts, allowing for greater trading flexibility and potentially higher profits.

2. Comprehensive Support: Traders in Funded Trading Plus programs may benefit from tailored support and resources, including advanced training, mentoring, and access to cutting-edge trading technology.

3. Enhanced Profit Potential: With larger trading accounts and potentially more favorable profit-sharing terms, traders in Funded Trading Plus programs have the opportunity to earn higher profits compared to standard funded trading arrangements.

4. Professional Development: Participating in Funded Trading Plus programs can contribute to traders' professional development and help them hone their trading skills in a challenging and supportive environment.

Cons:

1. Stringent Requirements: The eligibility criteria and evaluation process for Funded Trading Plus may be more demanding compared to standard funded trading programs, making it more difficult for some traders to qualify.

2. Profit Sharing Obligations: Traders are typically required to share a portion of their profits with the proprietary trading firm, which can reduce overall earnings, especially if profit-sharing terms are less favorable.

3. Market Risks: As with any form of trading, there are inherent risks associated with Funded Trading Plus, including the risk of financial loss due to market volatility, unforeseen events, or trading errors. Traders must be prepared to manage these risks effectively.

Conclusion

As we conclude our exploration of the best options prop trading firms, it's evident that the right partnership can be a game-changer for traders seeking success in the options market. From innovative trading platforms to robust risk management strategies, these firms offer a wealth of resources to support traders at every step of their journey. Whether you're a seasoned options trader or just dipping your toes into the world of derivatives, partnering with a top prop trading firm can unlock new opportunities and propel your trading endeavors to new heights.