5 Best UK Prop Firms in 2023 (2024)

Introduction

Are you looking for the best UK prop trading firms in 2023? We’ve got you covered. In this article, we’re going to introduce you to the top five prop trading firms in the UK that can help you succeed in trading. Whether you’re just starting out or have some experience, these firms offer great opportunities. Let’s dive in and find out which one is the right fit for you.

Best UK Prop Firms

Funded Trading Plus – Great for experienced traders who want more flexibility.

FundYourFX – Perfect for those who want to make profits and learn at the same time.

FXIFY – Best for getting funding and trading the way you want.

Blue Guardian Capital – Best for forex trading.

Lux Trading Firm – Awesome for traders who want to connect with others.

1. Funded Trading Plus

Best for experienced traders, day traders, and those who appreciate trading flexibility

Funded Trading Plus is a dedicated supporter of traders’ success journeys. With opportunities to trade accounts ranging from $200,000 to an impressive $2,500,000, they enable you to amplify your earnings potential. Choose from one assessment phase, two assessment phase challenges, or direct funding, and upon successful completion, enjoy profit splits of up to 90% on your earnings.

Features

Customized Path: Select from four funding programs: Experienced, Advanced, Premium, and Master, tailoring your approach to your unique trading style.
Earn While You Learn: In the Experienced Trader Program, complete one phase and achieve a 10% profit target without exceeding the 3% maximum daily loss and 6% maximum trailing drawdown rules. This paves the way to up to 90% profit splits and potential account scaling.
Proven Advancement: Advance through the industry-standard two-phase challenges of the Advanced and Premium Trader Programs. Attain profit targets of 10% and 5% in phase one and phase two, respectively. Stay within the reasonable limits of a 5% maximum daily loss and 10% maximum trailing drawdown. Unlock funded status and the ability to scale your account while benefiting from profit splits of up to 90%.
Master the Direct Path: Opt for the Master Trader Program, a direct funding route without evaluation. Trade without time constraints, lot size restrictions, or consistency rules. Experience profit splits from 70% up to 90% while enjoying account scaling options.

Benefits of Funded Trading Plus

Access four distinct funding programs catering to a wide range of trading styles.
Enjoy a Trustpilot rating of 4.9/5, signifying excellence in service and reliability.
Benefit from an exceptional support team that assists you throughout your journey.
Seize the opportunity for account scaling, reaching a remarkable capital of up to $2,500,000.
Experience profit splits ranging from 70% to an impressive 90%, providing you with substantial earnings.
Explore a diverse selection of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Trade at your own pace with no minimum or maximum trading day requirements.
Engage in overnight trading and holding positions, allowing for flexible strategies.

2. FundYourFX

Best for instant funding with no trading challenges

Features

Instant Funding, No Evaluation: Dive into trading with immediate access to your account, eliminating the need for a trading challenge or evaluation period.
Live-Account Kickstart: Commence trading right away with actual funds, enabling you to seize opportunities without delay.
Zero Liability for Losses: Trade with complete peace of mind – losses are not your responsibility, ensuring a risk-free trading experience.
Potential Account Growth: Unlock the potential for significant account growth, with the opportunity to scale your trading capital up to $2,000,000.
Lucrative Profit Split: Enjoy profit splits of up to 90%, allowing you to reap substantial rewards from your successful trades.
Refundable Fee Structure: Your fees are refundable after achieving a 10% profit three times, showcasing a commitment to your financial well-being.

Benefits of FundYourFX

Begin your trading journey with minimal risk, thanks to affordable starter plan costs.
Progress through the Scaling Program‘s six levels, gradually increasing your funding.
Focus on refining your trading strategies without facing trading challenges.
Dive into live trading accounts swiftly, without prolonged assessment periods.
Aim for impressive funding potential of up to $2 million, broadening your trading horizons.
Utilize a range of trading strategies and Expert Advisors to optimize your trading approach.
Contribute to a trading firm that emphasizes social responsibility, making a positive impact.
Benefit from the flexibility of refundable fees, ensuring your investment remains accessible and manageable.

3. FXIFY

Best for newcomers seeking a clear entry into prop trading

FXIFY is your gateway to prop trading, offering you access to substantial funding and the opportunity to retain up to 90% of your profits. It’s a great choice for both newcomers and experienced traders, and it has received accolades from industry experts like Benzinga and Traders Union

Features

Single-Step Assessment: Pass a straightforward evaluation with transparent and easy-to-follow trading criteria.
No Time Pressure: Trade at your own pace; there are no strict time requirements, minimum trading days, or mandatory trading periods.
Freedom to Trade: There are no limitations on your trading style, strategy, or choice of instruments.
Solid Leverage: Benefit from leverage of up to 20:1 for FX and metals.
Weekend Trading: Trade and hold positions through the weekends.
User-Friendly Platform: Easily track your performance using an intuitive proprietary trading portal.
Responsive Support: Enjoy prompt and helpful customer service via email, phone, or chat.
One-Time Assessment Fee: Pay a one-time assessment fee with no hidden or recurring charges.
Flexible Payouts: Withdraw your profits anytime with no minimum requirements.

Benefits of FXIFY

Trade with FXIFY’s capital and retain up to 90% of your profits.
Pass a simple one-step assessment with clear rules.
Trade without time constraints, minimum trading days, or mandatory periods.
Freedom to trade as you see fit, without restrictions.
Leverage your trading with up to 20:1 and trade on weekends.
Monitor your performance effortlessly with our user-friendly platform.
Expect quick and responsive customer support.
Pay a one-time assessment fee with no hidden or recurring costs.
Withdraw your profits whenever you choose, with no minimum thresholds.

4. Blue Guardian Capital

Best for empowering forex traders

Blue Guardian Capital specializes in forex trading and offers a diverse range of tradable assets, including cryptocurrencies, indices, commodities, and gold. Founded in 2019, their journey began with forex signals and education, leading to advanced machine learning and quantitative analysis. In 2021, they introduced Prop Firm Evaluations to provide equal funding opportunities to all traders.

Features

Diverse Assets: Trade forex, cryptocurrencies, indices, commodities, and gold.
Leverage Options: Leverage up to 1:100 based on the asset being traded.
Two-Step Evaluation: A two-phase evaluation process to become a funded trader.
Founder Expertise: Led by experienced co-founders who understand prop trading challenges.
Flexible Scaling: Traders can scale their accounts based on their performance.
Innovative Analysis: Benefit from advanced machine learning and quantitative analysis techniques.
Risk Management: Detailed evaluation objectives with set daily loss and drawdown limits.
Community Support: Join a community of traders focused on growth and success.

Benefits of Blue Guardian Capital

Benefit from a firm specialized in forex trading.
Trade across various markets, expanding your portfolio.
Gain insights from machine learning and quantitative analysis.
Regardless of your trading style, Blue Guardian Capital offers equal funding opportunities.
Join a community that supports your growth and success as a trader.
Engage in trading within a secure and transparent platform.
Leverage options are tailored to different asset classes.
Connect with the community of experienced traders and share insights.
Structured evaluation process with set profit targets and loss limits.
Successful traders have the opportunity to scale their accounts.
Enjoy bi-weekly payouts for funded traders.

5. Lux Trading Firm

Best for high capital

Lux Trading firm is a London-based proprietary trading firm founded in 2021. While it’s relatively new, Lux Trading stands out for its generous funding opportunities, possibly the highest in the industry, reaching up to $10 million.

Features

Progressive Stages: Embark on a journey through stages one to eight, advancing as you hit a 10% profit target.
Diverse Trading: Lux Trading offers opportunities in commodities, crypto, forex, indices, and stocks.
Social Trading Hub: Engage in idea-sharing and feedback through vibrant chat rooms and trading spaces.
High Funding Potential: Stand out with access to up to $10 million in funding, possibly the highest in the industry.
Tailored Enrollment: Choose from four evaluation account sizes: 25,000, 50,000, 100,000, and 200,000 accounts. Enroll with fees ranging from 149 GBP to 599 GBP.
Refund on Progress: Progress through stages and receive a 100% refund for passing evaluation (stage 1 demo) and advanced (stage 2 demo) accounts.
Scalable Profits: Watch your account grow as it scales by hitting 10% profit milestones toward the $10 million target.
Flexible Timing: There’s no rush to reach profit goals; trade actively for a minimum of 25 days.

Benefits of Lux Trading Firm

Begin with a 7-day trial period without any risk, allowing you to familiarize yourself with the platform.
During the evaluation phase, there’s no pressure of time limits, giving you the freedom to trade at your own pace.
Conduct trades remotely from any location, even during nights and weekends, enhancing your trading flexibility.
Access a variety of trading platforms, such as TraderEvolution, TradingView, and MT4, offering you multiple tools for trading.
Enjoy the ability to trade across a broad spectrum of assets, including forex, indices, commodities, shares, and crypto, increasing your trading possibilities.
Participate in lively live trading rooms and chat rooms, enabling you to engage in social trading, share ideas, and receive valuable feedback.
Benefit from daily market updates, gaining insights that keep you informed about the latest market trends and opportunities.
Receive refunds for the evaluation fees after completing stage 1, helping you kickstart your trading journey with reduced costs.

Is prop trading legal in the UK?

Yes, prop trading firms are legal in the UK. They aren’t regulated unlike some banks or hedge funds. For forex trading, choose a regulated broker for legal and safe trading.

Why You Should Try Prop Trading?

Proprietary trading, commonly known as prop trading, opens doors to a range of unique benefits and opportunities. Whether you’re an experienced trader or just starting, here’s why you should seriously consider diving into the world of prop trading.

The Benefits of Joining a Prop Trading Firm

Amplify Your Potential Returns

Prop trading allows you to harness the power of leverage. Leverage gives you the ability to control larger positions in the market using the trading firm’s capital.

Access to Professional Resources

Joining a prop trading firm provides you with access to professional-grade resources that can enhance your trading experience.

Learn and Grow Alongside Experts

Prop trading firms are home to experienced traders who have mastered the art of the market.

Sharpen Your Trading Skills

Whether you’re a seasoned trader or a newcomer, prop trading offers a platform to refine your skills.

Discover New Strategies

In the world of prop trading, you’ll be exposed to a diverse range of trading strategies. This exposure can help you explore new avenues and refine your existing approaches.

Navigate Complex Markets

Prop trading equips you with the tools and resources needed to navigate these challenges with confidence.

A Path to Financial Independence

For those with a passion for trading, prop trading offers a path to financial independence.

Personalized Guidance and Support

Prop trading firms often provide personalized guidance and support to their traders. Whether it’s through mentoring programs or direct interactions with experienced traders.

Performance-Based Rewards

As you achieve profitability, you’ll be rewarded with a share of the profits you generate.

A Thriving Community

You’ll be part of a network of like-minded individuals who share insights, discuss strategies, and support one another on the trading journey.

Getting Started with the Best UK Prop Trading Firm

If you’re ready to take your trading journey to the next level, let’s explore how to get started with the top five UK prop trading firms we’ve discussed. Each firm offers unique advantages, so choosing the right one depends on your trading style, goals, and preferences. Here’s a recap of the standout options:

Funded Trading Plus – Great for experienced traders who want more flexibility.

FundYourFX – Perfect for those who want to make profits and learn at the same time.

FXIFY – Best for getting funding and trading the way you want.

Blue Guardian Capital – Ideal for people who love trading forex.

Lux Trading Firm – Awesome for traders who want to connect with others.

Conclusion

The world of prop trading is brimming with opportunities for traders seeking growth, learning, and profitability. We’ve delved into the top five prop trading firms in the UK, each offering a distinct approach to cater to various trader needs.

Whether you’re an experienced trader looking for flexibility, a profit-driven environment, or a chance to connect with a trading community, there’s a prop trading firm for you. Take your time to evaluate the options, match them with your goals, and keep courage on a prop trading journey that aligns with your aspirations.

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