Prop trading firms help day traders utilize their skills and generate profit from the funds they provide. However, there are so many proprietary firms currently working in the market that choosing one of them seems like an uphill task. All of them are loaded with exceptional features that are highly desirable for traders, including minimal trading costs, association with reliable trading platforms, straightforward rules and regulations, and favorable profit split ratio for the traders.
If you are also a trader looking forward to choosing one of the Best prop firms for day trading, here are some options you can pick from.
1. Think Capital
Think Capital is one of the most sought-after prop firms in the UK. It is a regulated firm and a highly trustworthy option for traders. It can offer a capital leverage of up to $200,000, one of the biggest in the UK. As far as the profit split ratio is concerned, it provides 90% of the benefit to the trader.
The firm uses advanced online trading platforms like ThinkTrader, making it possible for traders to make efficient decisions. Backed by Think Markets, its fee is highly affordable at $39. The traders can get payouts weekly or biweekly, depending on their preferences.
The only issue some traders find while working with Think Capital is the trading community, which is quite limited compared to other prop trading firms in the UK.
2. DNA Funded
DNA Funded is one of the much-trusted Prop Firms in the UK mainly because of its association with the two most reliable online trading platforms, DX Trade and TradeLocker. This proprietary firm offers a profit split ratio of 80 to 90% in the favour of the traders. This regulated prop trading firm provides a fast execution speed, making it easier for expert traders to act quickly and make decisions efficiently.
To be a part of the prop fund account challenge, the traders have to pay a small fee of only around $49.
The only limitation of this prop trading Firm is its collection of education resources. Many traders think this firm does not possess a very lost educational resource associated with trading. However, if needed, you can connect with the mentors in the firm for some guidance or advice.
3. Blueberry Funded
Blueberry Funded trading firm is quite popular in the UK, with a profit split ratio of 90% that favors traders. Its exceptionally low evaluation fee sets it apart from the other firms working in the same market. You need to pay just $40 for its evaluation trial. Alongside this, traders can utilize various strategies that are of their liking. The best part about this trading firm is that it provides a leverage of around $2 million. The payouts are highly flexible, and the traders can get them after every 14 days. The only downside of using this prop firm is that the customer support service is available only five days a week.
4. Funding Pips
Lastly, Funding Pips is one of the UK's most desirable prop trading firms. This is an excellent platform for traders looking for long-term growth rather than short-term benefits. It offers a one-step challenge to traders, ensuring the provision of funded accounts most efficiently. The profit split ratio also works in the favor of the traders and gives them up to 100% of the profit generated through the Master account. The firm uses different platforms for online trading purposes for the ease of the trader, including Match Trader, TradeLocker, and cTrader. With discipline and consistency, you can surely generate a great amount of profit through this prop firm.
The company offers different payout options, including Tuesday Payday, Bi-Weekly, and monthly payments. This gives traders flexibility in choosing their preferred duration of payment.
Final Thoughts
When picking up a prop firm in the UK, many options are available for the traders, and choosing the right one gets confusing. This is why it is recommended that traders understand the requirements of the prop trading firms and then select the one that suits them the most. Whether you are a Newby trader or experienced, picking up one of the abovementioned property reading firms would help you excel exponentially in trading.
