For individuals exploring the futures prop trading space, understanding a firm's reputation is important. Trustpilot, a review platform, offers insights into firms' reliability and overall service quality based on user feedback. The ratings highlight a range of aspects, from payment punctuality to platform technicalities, all of which influence a trader's decision-making process. Our blog will present a detailed overview of the top five futures prop trading firms, as ranked by their Trustpilot ratings, providing traders with a useful resource when considering their options.
Significance of Trustpilot Ratings in Prop Trading Firms
For newcomers, checking out Trustpilot reviews can be a helpful starting point to understand the firm's standing. A stellar rating often indicates that the firm is trustworthy, treats its members justly, and has a reliable support system. Such reviews can shed light on particular hurdles or issues encountered by traders at the firm. Common concerns might include delayed payments, technical issues with their platform, or communication breakdowns. When weighing options among various prop trading companies, Trustpilot feedback can play a pivotal role, alongside other factors, in the final choice. Now, let's delve into the top 5 futures prop trading firms determined by these ratings.
#1 Apex Trader Funding [Rating: 4.8]
Apex Trader Funding, a U.S. based company established two years ago, holds the top position with a high Trustpilot score of 4.8, reflecting their user satisfaction. They offer funded trading accounts through platforms like Rithmic and Tradovate. One of the features of Apex Trader Funding is their profit-sharing structure. Traders are entitled to keep the entirety of their initial $25,000 in profits, with a continued 90% share following that milestone. There's no limit on earnings, with the convenience of two uncapped pay-out disbursements each month. Traders can continue their regular trading activities even during volatile periods or holidays, an allowance that's not commonly permitted. Additionally, both during the evaluation phase and in the funded account stage, traders experience no constraints on contract scaling, nor are they subject to daily drawdown limits.
#2 Earn2Trade [Rating: 4.7]
Earn2Trade, headquartered in the United States and founded in 2017, holds a reputation with a 4.7 Trustpilot rating. This firm collaborates with well-known brokers like Phillip Capital, EdgeClear, and Advantage Futures, ensuring dependable services for its clientele. The company is compatible with several advanced trading platforms, notably NinjaTrader, Finamark, Trader Pro, and Overcharts. It offers extensive access to the futures market through its association with the CME Group. A range of asset categories include Equity, Forex, Agricultural, Energy, Interest Rate, and Metals Futures. Beyond trading, Earn2Trade emphasizes education. It features an educational suite, starting with a Beginner Crash Course and extending to webinars and detailed online lessons. Additionally, Traders can stay informed through live news feeds and plan effectively using versatile charting tools.
#3 TradeDay [Rating: 4.6]
TradeDay, founded in 2020 in Chicago, Illinois, possesses a 4.6 rating on Trustpilot. The firm, primarily partnering with the CME Group for brokerage services, supports multiple advanced platforms, including Tradovate, NinjaTrader, TradingView, and Jigsaw. Focused on futures trading, TradeDay grants access to over 50 trading instruments from prominent exchanges such as CME, CBOT, COMEX, and NYMEX. They particularly feature five major equity futures: ES, NQ, RTY, NKD, and YM2, catering to various trader preferences. Successful candidates are offered accounts with balances varying from $10,000 to $250,000, based on their performance and tier progression. Traders retain the entirety of their first $10,000 in profits, followed by a consistent 90% profit share from their earnings thereafter. Additionally, TradeDay also presents a 14-day trial that allows potential traders to assess the trading environment and resources.
#4 Elite Trader Funding [Rating: 4.6]
Elite Trader Funding (ETF), headquartered in the US, is a reputable proprietary trading firm with a 4.6 rating. They provide evaluations with account sizes ranging from $10K to $300K. Each evaluation tier comes with distinct conditions related to maximum positions, profit goals, and trailing drawdowns. After traders achieve their initial $12,500 in profit, they are entitled to retain 80% of their subsequent earnings. ETF grants access to a diverse spectrum of trading instruments. This includes equity futures, interest rate futures, agriculture, currency futures, cryptocurrency futures, and metals. To ensure versatile and effective trading experiences, ETF supports multiple leading trading platforms, including NinjaTrader, Tradovate, TradingView, and Rithmic. These platforms connect traders to major marketplaces, such as CBOT, COMEX, CME Group, and NYMEX, facilitating a broad trading environment.
#5 Topstep [Rating: 4.4]
Topstep, boasting a 4.4 rating on Trustpilot, rounds up our selection. Originally established as TopstepTrader by Michael Patak in 2012, the company has carved a niche for itself in prop trading, especially within futures trading. Their rapid ascent is underscored by their recognition on the INC5000 list, ranking them among the fastest-growing US companies. Aligning with NinjaTrader Brokerage and Quantower, Topstep offers traders the NinjaTrader and Quantower platforms for seamless trading experiences. They employ an innovative evaluation model, the Trading Combine, to assess and onboard traders. In a move to simplify this process, they've recently launched the "1 Step 1 Rule Trading Combine," which supersedes their older 2-Step model. Upon transitioning to a funded account, traders are allowed to keep the entirety of their initial $10,000 in profits. Following that milestone, they enjoy a 90% profit share. With a global outreach, Topstep is compatible with multiple trading platforms and serves traders in an impressive 143 countries. Further enhancing their offerings, traders can benefit from specialized trading coaching sessions, individualized mentorship, and an actively engaged trading community.
Summary
In futures prop trading, a firm's reputation can be a determining factor in its selection. Based on Trustpilot ratings, firms like Apex Trader Funding, Earn2Trade, TradeDay, Elite Trader Funding, and Topstep have showcased a strong standing in the industry, addressing diverse needs with distinct offerings. As trading continues to evolve, having trustworthy and reliable firms to partner with becomes increasingly critical. Relying on platforms like Trustpilot can assist traders in identifying those firms that align best with their objectives.
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