List of Some of the Best Proprietary Firms for Traders In The United Kingdom

The UK is one of the world’s prominent financial hubs, and prop trading is quite popular there. In this article, we will analyze some of the popular prop trading firms that are ideal for traders in the United Kingdom. The list that we make here is based on trustworthiness, reliability, transparency, flexibility, fast payouts, profit shares, and a lot more. Let us check out some of the best prop firms for UK traders. Here is a comprehensive list. 

Which Prop Firms Are Considered the Best For UK Traders?

If we have to make a list of the best prop firms for UK traders, we will make a list based on the profit splits, trading platforms used, resources available for trading, transparency in prices, flexibility in payouts, and so on. 

1. FundedNext

The first one we have on our list is FundedNext. What’s more interesting is the various challenges present suitable for traders of varying capabilities. They have the Stellar 2-Step, Stellar 1-Step, and Stellar Lite challenges. They provide you with some of the best trading platforms like MT4, MT5, Match-Trader, and cTrader. 

The Pros of FundedNext

Here are some of the advantages of FundedNext that make it an apt choice for UK traders looking for a prop firm with flexibility, and transparency. 

• There isn’t any time limit, and traders get full liberty to trade as per their will. 
• They have promising spreads beginning from 0.0 pips, and a leverage of as much as 1:100. 
• Top up or reset your account, after which you may consider restarting your trading journey.
• Apart from your regular trading challenges, FundedNext arranges for monthly competition and offers exclusive rewards. 
• They have 24/7 customer support to help customers with all of their queries and ensure a seamless trading process. 
• They offer a high-profit split that is as much as 95%. 

The Cons of FundedNext

Here are some of the cons to make note of: 

• There are consistency rules in some of the accounts. 
• FundedNext doesn’t have any free trials, which is indeed a hassle for new traders. 

FundedNext At A Glance
Prop Firm Score	92
Challenge Types	Stellar Lite, Stellar 1-Step, Stellar 2-Step
Trading Platforms	MT4, MT5, cTrader
Profit Split Percentage	(up to 95%)
Payout Duration	First payout: 4 trading weeks or 28 daysSubsequent payouts: In two trading weeks (every 14 days)
Trustpilot Score	4.5/5

2. FTMO

Another impressive prop trading firm that would be a suitable option for traders in the United Kingdom is FTMO. To trade with FTMO you should first complete the two-step challenge they offer within four trading days. The first step is evaluation, and the second step is verification, after which you may begin trading. 

The Pros of FTMO

If you plan to trade with FTMO, here are some of the advantages to know about:

• Traders have large accounts at hand to trade. Small accounts don’t yield significant/ results most of the time. So, in that way, big accounts are considered an advantage.
• FTMO provides free-trial opportunities, wherein traders can trade for 14 days using the demo account. After this, a new account may be created, and traders can trade using the real account.
• FTMO uses some of the popular platforms for trading which include MT4, MT5, and cTrader.
• They have a fast payout process in fourteen days from the first trade. The payout is processed in one or two business days sans any withdrawal fees. 
• Their profit split percentage begins at 80% and may rise to as much as 90%.
• FTMO has 24/7 customer service and can be contacted via email, live chat, and phone. 

The Cons of FTMO

FTMO has certain drawbacks as well stated below:

• In some accounts, there isn’t any provision for weekend trading.
• Funded traders must pay a fee with FTMO. When you become a funded trader you may get the fee you paid along with the first profit split.

FTMO At A Glance
Prop Firm Score	83
Challenge Types	TWo-step
Trading Platforms	MT4, MT5, DX Trader, cTrader
Profit Split Percentage	80% to 90%
Payout Duration	14 calendar days after your first trade; payment processed in one or two business days
Trustpilot Score	4.9/5

3. BrightFunded

BrightFunded has simple strategies when it comes to trading. Traders are given a demo account to prove their skills through the two-step evaluation process. Upon successful completion of the evaluation they are eligible to earn real money. In the first phase you may achieve a profit target of 8%, while in the second phase, the achievable profit target is 5%. 

The Pros of BrightFunded

When you have invested with BrightFunded you will be in for the following benefits. Let’s look into them in detail. 

• They have pretty fast payouts in seven days from the first trading. You get the payout in your preferred method of payout.
• The average payout processing time is pretty fast, as early as four hours.
• BrightFunded has 24/7 customer support to assist traders with their queries.
• You get to earn a profit split of as much as 100%.
• The monthly podcast interviews help traders get an insight into the latest strategies, and trends.
• Trade2Earn is BrightFunded’s loyalty program which rewards traders for their dedication, and daily commitment irrespective of their results. 

The Cons of BrightFunded

There are some flipsides of BrightFunded as well mentioned below: 

• Their commissions are quite low. 
• BrightFunded doesn’t use some of the popular trading platforms like MT4, and MT5. Instead, it uses its own prop trading platform. 
• BrightFunded doesn’t offer any free trial. The traders must directly take up the challenge. 

BrightFunded At A Glance
Prop Firm Score	95
Challenge Types	Two-step
Trading Platforms	Follows its own prop trading platform
Profit Split Percentage	80% to 100%
Payout Duration	Seven days since your first trade; the payment processed as early as four hours
Trustpilot Score	4.6/5
Minimum Withdrawal Limit	None

4. FundedTrading Plus

This prop firm claims to be one of the most trusted prop trading firms in the industry. They promise to deliver competitive program pricing. They assure trusted payouts and formulate fair, and transparent rules, ensuring traders a seamless trading journey. 

The Pros of Funded Trading Plus

Here are the plus points of Funded Trading Plus: 

• They have fair and simple rules, which are easy to follow. 
• They have a host of specialist programs. 
• You can scale up to as much as $250,000.
• You can withdraw your profits every week.
• Trustpilot rates it quite high. 

The Cons of Funded Trading Plus

When we talk about the cons, here are a few to mention: 

• The instant funding accounts could sometimes be priced too high.
• Those on the cTrader platform might be charged an extra fee of $25.
• There isn’t any trial version. 

Funded Trading Plus At A Glance
Prop Firm Score	77
Challenge Types	One-step, two-step, Instant
Trading Platforms	MT4, MT5, cTrader, MatchTrader, DX Trade
Profit Split Percentage	80-100%
Payout Duration	Initial payout on demand and then after every seven days
Trustpilot Score	4.7/5
Challenge Fees	Begins at $119 for one-step challenges, and may be as high as $225 for the instant funding accounts

5. BlueberryFunded

Blueberry Funded is a popular broker-backed account that allows you to begin earning by following three easy steps. You must select your evaluation, complete it, sign your contract, and finish the KYC process. 

The Pros of Blueberry Funded

The advantages of Blueberry Funded are as follows: 

• Blueberry is apt for seasoned traders, and newcomers as well. 
• You can get capital increments in your Blueberry account after every three months. To qualify traders should generate 10% profit for three consecutive months. 
• It has a flexible payout scheme on a fortnightly basis.

The Cons of Blueberry Funded

The drawbacks are as follows: 

• The Rapid Challenge has some stringent rules. 
• They don’t have a 24/7 customer service support. They are only available five days a week.

Blueberry Funded At A Glance
Prop Firm Score	93
Challenge Types	One-step, two-step, Rapid
Trading Platforms	MT4, MT5, DX Trade
Profit Split Percentage	80-90%
Payout Duration	In every 14 days
Trustpilot Score	3.5/5
Challenge Fees	Begins at $119 for one-step challenges, and may be as high as $225 for the instant funding accounts

6. The 5ers

The 5 ers have challenges for traders of all levels. Hyper Growth, a one-step program is for the experienced, the High Stakes, a two-step program is for the risk takers, whereas, Bootcamp is a three-step program for those who wish to take it slow. 

The Pros of The 5ers

Here are some of the advantages to make note of: 

• There are varying challenges for the experienced, the risk-takers, and those who wish to take it slow. 
• They have constant backup support and can be reached via email, live chat, phone or even by submitting a form online. 
• The 5ers hosts lectures, and webinars, for the convenience of traders. 
• They have a low participation cost without any subscription fee, hidden costs, and recurring costs. 

The Cons of The 5% ers

The cons are to be noted as below: 

• If you don’t trade for more than 14 days you will have to hit the freeze button. Lest you will be charged a penalty for inactivity. 
• The liquidity providers are undisclosed. 

The 5 ers At A Glance
Prop Firm Score	80
Challenge Types	One-step, two-step, three-step, Instant
Trading Platforms	MT5, MatchTrader
Profit Split Percentage	80-100%
Payout Duration	In every 14 days
Trustpilot Score	–

7. Topstep

Topstep is another promising prop firm to provide traders with a seamless, and hassle-free trading experience. 

The Pros of Topstep

The pros are as follows: 

• You get to learn from expert traders from Monday through Friday.
• You can subscribe to Topstep TV on Youtube and listen to experts speak about their market, and trade. 
• They offer daily payouts.
• There isn’t any time limit for the completion of trading. 
• It offers a 100% profit split upon the receipt of the first $10 K. 

The Cons of Topstep

The disadvantages are stated below: 

• Some platforms have high fees. 
• The scaling requirements and consistency are pretty strict. 
• Though they issue payouts daily it may take as long as ten days for it to reach the trader’s account. 

Topstep At A Glance
Prop Firm Score	83
Challenge Types	Two-step
Trading Platforms	Ninja Trader, Topstep X, Trading View
Profit Split Percentage	100% on the first $10,000, and after that 90%
Payout Duration	Daily, but may be received in ten business days
Trustpilot Score	–

What Are the Pros and Cons of Prop Trading?

When you intend to prop trade, it is important to know the pros, and cons of the same:

The Pros

The advantages are as follows: 

• You get high profit shares which can go as much as 90% or even 100%.
• It makes your trading habits all the more disciplined.
• You get to trade on multiple trading platforms.
• Prop trading allows traders to trade more profitably by providing attractive profit splits. 

The Cons

The disadvantages are stated below:

• You have to perform consistently, or else you may not reap profits.
• The loss and drawdown limits may be quite strict. 
• Sometimes the time limits to complete the challenges may be quite stringent. 
• Sometimes when the markets are volatile traders can result in significant losses. 

How We Have Presented the Best Prop Firms?

The list of best prop firms for traders in the United Kingdom presented above, has been shortlisted based on several aspects.

• The firms on our list are highly transparent, and flexible, and have good feedback from most traders. 
• The scores given depend on several factors like the cost of trading, the platforms used to trade, the flexibility in generating payouts, and a lot more. For instance, firms using MT4, and MT5 are ranked high. 
• We even rank firms with strong customer support quite high. 

How Do Traders in the United Kingdom Start Prop Trading?

If you are in the United Kingdom and wish to start prop trading, here are some aspects to keep in mind:

• If you are a novice, you must research prop trading, and understand the boons, and banes, alongside the challenges associated with it.
• You should choose prop firms, with fast payouts, low fees, and even the ones operating on advanced trading platforms like MT4, and MT5. You must even go through online reviews of the firms, and read what other traders have to say.
• Once you have selected the prop firm, register yourself, take up the challenges offered, finish the evaluation, and then begin trading. 

Conclusion

Prop trading may prove extremely beneficial when you make the right choices. Hope this write-up helps UK traders make a tactful choice when it comes to selecting a prop firm for a seamless trading experience.

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