Best Proprietary Trading Firm for a Beginner Day Trader
Best Proprietary Trading Firm for a Beginner Day Trader 🏆
If you're a novice day trader, choosing the right prop trading firm is crucial. You need a firm that:
✅ Has an easy evaluation process (if required).
✅ Allows day trading with no restrictions (some firms ban scalping).
✅ Offers high profit splits (so you keep more of your earnings).
✅ Provides fast execution for quick entries and exits.
✅ Supports popular trading platforms (MT4, MT5, TradingView, or NinjaTrader).
1. Best Prop Firms for Beginner Day Traders 🏆
| Rank | Prop Firm | Profit Split | Best For | Max Funding | Evaluation Required? |
|---|---|---|---|---|---|
| 🥇 1. FTMO | Up to 90% | Forex, indices, stocks | $400,000 | ✅ Yes | |
| 🥈 2. MyFundedFX | 85% | Forex, crypto | $300,000 | ✅ Yes | |
| 🥉 3. Funded Trading Plus | Up to 100% | Scalping & day trading | $200,000 | ✅ Yes | |
| 4️⃣ Apex Trader Funding | 90% | Futures | $300,000 | ✅ Yes | |
| 5️⃣ Topstep | 90% | Futures traders | $150,000 | ✅ Yes | |
| 6️⃣ The5%ers | 50%-80% | Low-risk forex trading | $4M (scaling) | ❌ No | |
| 7️⃣ Maverick Trading | Varies | Stocks & options | N/A | ❌ No |
2. Best Pick for a Beginner Day Trader: FTMO 🥇
Why FTMO is the Best Choice for You:
- ✅ Allows day trading & scalping.
- ✅ Up to 90% profit split.
- ✅ Low evaluation requirements (10% profit target).
- ✅ No restrictions on holding overnight trades.
- ✅ Works with MT4, MT5, cTrader.
🔥 Runner-Up: MyFundedFX – More flexible rules for beginners.
3. Steps to Start Day Trading with a Prop Firm
1️⃣ Pick a prop firm (FTMO is best for beginners).
2️⃣ Sign up & read the rules (risk limits, lot sizes, drawdowns).
3️⃣ Take the evaluation (if required).
4️⃣ Pass & get funded (start trading live markets).
5️⃣ Withdraw profits and scale your account! 🚀