HomeProp Trading Firms In UK
Looking for the best prop trading firms in the UK?
Prop trading firms allow Forex traders to access large amounts of capital to maximize their gains by charging commissions or using a profit-sharing mechanism. Essentially, you will be trading their capital to make high profits with relatively lesser risk. With hundreds of prop trading firms in the UK, it is crucial for you to choose a genuine prop firm that is reliable and fits your trading style. MyForexReviews is one of the top proprietary trading review firms in the UK.
We have thoroughly reviewed all the top proprietary trading firms in the UK using a unique methodology and curated a robust list of the most credible Forex prop trading companies in the UK. We took care of the intensive research to save your valuable time so that you can concentrate solely on your trading. How do we rank these top Forex prop trading companies in the UK, you ask?
We considered factors that matter the most for the traders, such as profit split percentages, total capital funding, ease of accessibility, and the speed of account promotion to the next funding level, etc. For all the best proprietary Forex traders in the UK, MyForexReviews has the best-in-class recommendations for you. Explore our top picks and choose the prop firm that fits your needs.
Lux Trading Firm
Lux Trading Firm is one of the leading prop firms that operate in the United Kingdom. They also operate an Elite Traders Club that helps traders remain constantly profitable. This prop trading firm seems to be more conservative in risk management, making them suitable for conservative traders.
They have 9 growth stages to get to a $10,000,000+ capital trader. After traders pass the initial demo stage, profit-sharing agreements kick in. They also have advanced, KPMG-audited analytics tools through their Trading Central product. This prop trading firm offers MT4, TraderEvolution, and TradingView platforms for trading.
Checklist Overview
- Headquarters: City Rd, London, United Kingdom.
- Website: https://luxtradingfirm.com/
- Launching period: 2020
- Trading Instruments: Forex, indices, commodities, stocks, cryptos
- Profit Sharing: 75% initially, which moves to 50% when >$500,000 capital is managed
- Registration Fee for Qualification Challenge: GBP329 – GBP549 (Refundable)
- Profit target for Qualification Challenge: 10% to move across 7 phases.
- Risk limits: 4% max drawdown, news trading allowed, overnight positions allowed, weekend positions allowed. After Phase 2, traders get a personal risk manager.
- Trading capital: $5,000-$10,000,000
- Education: Technical Analysis Videos, Group Chat, Trade Alerts
- Remote Trading: Allowed
- Reviews: 4.6 reviews on Trustpilot (out of 5)
Image Source – TrustPilot | Lux Trading Firm
City Traders Imperium
City Traders Imperium is another UK-based prop firm for forex traders. This platform only offers trading through MetaTrader 5. Unlike other prop trading firms, City Traders Imperium allows traders to skip the qualification phase by paying a one-time fee.
Checklist Overview
- Headquarters: London, England, United Kingdom.
- Website: https://www.citytradersimperium.com/
- Launching period: 2014
- Trading Instruments: Forex, indices, gold, stocks
- Profit Sharing: Upto 70%
- Registration Fee for Qualification Challenge: GBP109 – GBP659 (Non-refundable)
- One Time Fee to Skip Qualification Challenge: GBP999 – GBP3099 (Non-refundable)
- Profit target for Qualification Challenge: 9%
- Risk limits: 5% max drawdown, 1.5% position stop loss, news trading allowed, overnight positions allowed, weekend positions allowed.
- Trading capital: $10,000-$70,000 initial; account doubles at every +10% profit target
- Education: Yes, educational communities and resources are available
- Remote Trading: Allowed
- Reviews: 4.8 reviews on Trustpilot (out of 5)
Image Source – TrustPilot | City Traders Imperium
Audacity Capital
Audacity Capital is another popular prop firm in the UK. They manage over 5000 active prop traders around the globe and from more than 40 countries. The firm focuses only on forex instruments and invites clients for face-to-face interviews in London or via video call before accepting them as Audacity Capital’s proprietary traders. To pass these interviews, it is sufficient for traders to share a track record with them, proving their ability to make money and manage risk.
Audacity Capital is different to other prop trading firms in this way as there is no qualification challenge to pass. Instead, there is an initial joining fee and a monthly subscription fee to have access to their trading platforms and capital. So if traders can generate enough profit to cover the initial joining fee and ongoing subscription fee, then this firm may be a good option for them. Audacity Capital offers trading only through the MetaTrader 4 platform.
Checklist Overview
- Headquarters: Wood Street, London, U.K.
- Website: https://www.audacitycapital.co.uk/
- Launching period: 2012
- Trading Instruments: Forex
- Profit Sharing: 50%
- Fees: GBP298 joining fee and GBP99 monthly fee
- Profit target for doubling account size: 10%
- Risk limits: 10% max drawdown, no major news trading allowed, overnight positions allowed, weekend positions allowance treated on a case by case basis.
- Trading capital: $15,000-$480,000; accessed via 6 stages of account growth
- Education: Yes, they have a blog with many educational guides
- Remote Trading: Allowed
- Reviews: 4.8 reviews on Trustpilot (out of 5)
Image Source – TrustPilot | AudaCity Capital
Worth Mentioning – FTMO
FTMO is a reputed prop firm that allows traders to participate in the market using different platforms. These platforms have many built-in technical tools and indicators that help traders analyze the market and make trade decisions. Traders get fully funded accounts after passing a two-step process; the first one is the FTMO challenge, and the second one is the verification. In the first step, you must pay fees to participate; once you pass, the verification step is free. This firm accepts clients from more than 180 countries and currently funding approx 10k traders around the globe.
Although they are not based in the UK, they are a global firm that accepts UK traders.
Checklist Overview
- Headquarters: Prague, Czech Republic
- Website: https://ftmo.com/en/
- Launching period: 2017
- Trading Instruments: Forex, Commodities, Indices, Crypto, Stocks, Bonds
- Profit Sharing: 90%
- Registration Fee for Qualification Challenge: €155 to €1080
- Profit target for Qualification Challenge: 10% (20% in the Aggressive level) of the initial balance and 5% (10% in the Aggressive level) in the Verification
- Risk limits: 5% (or 10% in case of an Aggressive risk mode) from the initial account balance. According to the rule, the sum of all positions (closed+open) must not hit or exceed the Maximum Daily Loss (MDL)
- Trading capital: $10,000 to $200,000 (normal mode)
- Education: Yes
- Remote Trading: Allowed (MetaTrader 4, MetaTrader 5, and cTrader)
- Leverage: 1:100
- Reviews: 4.8 reviews on Trustpilot (out of 5)
Image Source – Trust Pilot | FTMO
Bottom Line
These are the top three proprietary firms for forex trading that operate in the UK but are accessible by global traders too as well as users from the UK. Traders should focus on their checklists and key criteria before opting for the best prop trading firm for them.
