Trading with a reputable prop firm allows retail traders to leverage their trading skills and access sufficient trading capital to make their hard work worthwhile. It also requires a cutting-edge trading infrastructure. DXtrade ranks among the most popular trading platform choices, and it caters specifically to retail prop firms with custom-tailored solutions. Read my DXtrade prop firms review to learn if you should manage your funded accounts with DXtrade, get the pros and cons, and compare it to other alternatives.
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- Eightcap Challenges, .
- Hola Prime, The best prop firm for ultra-fast withdrawals.
- Axi Select, .
- DNA Funded, .
- Sabiotrade, daily trading signals on the Quadcode platform and full-year mentorship.
- Rebels Funding, The best prop firm for fast withdrawals.
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Year Established | 2015 | 2024 | 2023 | N/A | 2023 | 2023 |
Minimum Deposit | ||||||
Trading Platform(s) | Other, MetaTrader 4, MetaTrader 5+ | Other, MetaTrader 5, cTrader, DX Trade+ | MetaTrader 4, MetaTrader 5 | Other+ | Proprietary platform | Proprietary platform, Trading View |
| Visit Website | Visit Website | Visit Website | Visit Website | Visit Website | Visit Website |
Eightcap Challenges
In SummaryDay traders get a unique offer: a 1-hour, 2-hour, 4-hour, and 8-hour challenge, a trading stake selection between $5 and $500, and payout ratios of 2, 5, and 10 times. The selection determines the drawdown and profit target, while all accounts start with a $10,000 balance. Traders can use MT4/MT5 and TradeLocker. This places Eightcap Challenges among the best prop firms. Qualifying traders can request payouts in Bitcoin, USDT (TRC20), or USDT (ERC20). KYC requirements are mandatory for withdrawals exceeding $1,000, in line with industry standards.
Eightcap Challenges also offers traditional one- and two-phase evaluations with five account sizes ranging from $5,000 to $200,000, with up to $600,000 in allocated capital per trader. The maximum leverage is 1:100, with a 80% profit share. The one-time evaluation fees range between $99 and $1,299. The profit target is 10% except for the second phase of the two-phase evaluation, where it decreases to 8%.
Pros & Cons
- No time limits on One-Phase and Two-Phase challenges
- Traders can complete challenges within hours and earn payouts on the same day.
- Day Trader Challenges offers a completely customizable trading experience – traders choose their own duration, stake and payout.
- Operated by the multi-regulated Eightcap Group
- Scalping is restricted; trades must be open for 60 seconds
Hola Prime
In Summary The best prop firm for ultra-fast withdrawalsHola Prime is a transparent retail prop trading firm with four trading platforms and a maximum profit share of up to 95%. Traders can choose a one-step or a two-step evaluation for portfolios between $5,000 and $300,000, with an evaluation fee between $48 and $1,499. Alternatively, the Direct account is without evaluation and a one-time cost between $129 and $2,249. Therefore, I rank Hola Prime among the best prop firms.
Traders must trade for at least two days per challenge. The maximum daily drawdown is between 3% and 5%, with a maximum drawdown between 5% and 8%.
Pros & Cons
- A maximum profit share of 95%
- Four trading platforms
- Scalable accounts up to $4M
- One hour payouts
- Reletively newer firm (around one year old)
Axi Select
In SummaryAxi launched its Axi Select in-house prop trading service, which sets itself apart from the industry by not requiring a fee-based evaluation, making it 100% free. Interested traders must open a live Axi trading account, fund it with at least $500, and start trading. The personalized Edge Score determines eligibility for a funded account, and Axi has a six-stage program that scales with the trader. For the initial stage, the $500 deposit grants access to a $5,000 account, and the profit share is 0%. It lasts for at least 30 trading days, has a 7% profit target, and requires 20 trades.
The second stage requires a minimum equity balance of $1,000, caps funding at $20,000, and increases the profit share to 40%. The maximum leverage is 1:100 with a maximum drawdown of 10%. The Axi Select structure is created highly professionally, making Axi one of the best prop firms.
Pros & Cons
- Unrestrictive Rules: There are no time limits to qualify; EAs are permitted.
- Scale up to $1 Million
- Backed by a Broker: Run by Axi (founded 2007)
- No Registration Fees: A unique model where you do not pay for an evaluation; the entry cost is zero.
- Regional Restrictions: Program is not available to the US, UK, EU, or Australia.
DNA Funded
In SummaryI rank DNA Funded among the best Forex prop firms for its low evaluation fees. Traders pay $49 to $1,209 for portfolios between $5,000 and $200,000. Traders can choose among 16 challenges and one-phase, two-phase, and 10-day rapid evaluations. DNA Funded offers add-ons to increase the profit share up to 90% and decrease the payout frequency to seven days.
Prop traders will trade via the TradeLocker platform. The maximum daily drawdown is 5% for the one-step evaluation, 6% for the two-step alternative, and 4% for the 10-day challenge, with a maximum drawdown of 6%, 10%, and 5%, respectively.
Pros & Cons
- Maximum profit share of 90%
- Max allocation of funded accounts up to $600K
- Transparent trading conditions with TradeLocker login details
- A well-balanced asset selection of 800+ assets
- Limited operational history
Sabiotrade
In Summary daily trading signals on the Quadcode platform and full-year mentorshipSabioTrade is one of the newer nest prop trading firms, headquartered in Ireland but owned by well-known Cypriot FinTech company Quadcode, which also operates the brokerage IQ Option. It makes SabioTrade an exciting entry into prop trading, as it offers the user-friendly proprietary Quadcode-powered trading platform with 100+ built-in indicators, widgets, and alerts. Traders also get trading signals and a three-step educational course.
SabioTrade’s maximum leverage is 1:30, and potential prop traders must complete a two-day rapid training and comprehension check. A 7-day free trial is available, and SabioTrade offers three funded account options.
Pros & Cons
- Dashboard-integrated trading platform by QuadCode Markets
- Quick 1-step assessment
- Funded accounts $10,000-$200,000
- Profit share between 70% and 90%
- No weekend positions
Rebels Funding
In Summary The best prop firm for fast withdrawalsI rank Rebels Funding among the best prop firms, as it offers the most evaluation choices. They include a four-step evaluation with a low 5% profit target. Rebels Funding has no time limits on achieving profit targets, but it has a minimum trade requirement. Traders can also enroll in competitions and win funded accounts with a cash prize. Another unique feature is that Rebels Funding has a refund fee of up to 200%.
The daily drawdown ranges from 0% to 5%, with a maximum drawdown between 6% and 10%. Traders receive a profit split of up to 90%.
Pros & Cons
- No time limit on evaluations
- High profit share
- Wide range of program options
- Some platform lag issues reported
What Is the DXtrade Platform?
The DXtrade platform is a software-as-a-service (SaaS) off-the-shelf trading platform launched in May 2020. It is a web-based trading platform often used by prop firms, featuring a modern user interface but lacking support for advanced trading solutions.
Why Are Prop Firms Using DXtrade?
DXtrade specializes in prop firms via custom-tailored solutions. Prop firms use DXtrade as it is light on system resources and presents a low-cost trading platform that can handle the tasks prop firms require.
Common Trading Instruments Offered on DXtrade
The trading instruments available on DXtrade depend on the partner broker and preferences of the prop firm, but DXtrade supports stocks, options, futures, mutual funds, bonds, FX, CFDs, spread bets, spot crypto, and margin crypto.
How to Choose a Prop Firm that Uses DXtrade
The trading requirements among prop traders differ, depending on their strategy, but all competitive DXtrade prop firms share similar core criteria to ensure competitive trading conditions.
Prop traders should ensure their DXtrade prop firms excel in the following aspects:
1. Reputation - Prop firms are unregulated but duly registered businesses. The industry is experiencing a new growth wave, but I recommend traders avoid newly established prop firms and stick to the ones with multiple years of experience. Reading reviews can help, but traders should approach them with caution and avoid reviewers without a history.
2. Trading Costs - US-based prop firms charge monthly subscription fees, which are recurring costs traders should consider. Alternatively, non-US prop firms have one-time evaluation fees, making them a significantly more cost-effective option. The trading costs are reasonable and ensure only traders with consistent profitability become prop traders, but they differ between prop firms. Trading fees depend on the broker of the prop firms, and transparent firms provide an overview.
3. Profit Share - I recommend traders ignore all prop firms with a profit split below 80% and look for 90%+.
4. Asset Selection - The asset selection depends on the prop firm and their partner broker, but it often includes a balanced asset selection.
5. Trading Strategies - Some prop firms have no restrictions, while others restrict or prefer select strategies. Therefore, traders must verify that their prop firms allow the trading style they wish to execute.
6. Support - Trading with legitimate prop firms involves a contract and receiving payouts. Therefore, I only recommend prop firms with fast, responsive customer support available 24/5.
7. Payouts - Bank wires remain the go-to payment processors, but the best DXtrade prop firms also allow cryptocurrency transactions with fast internal processing times.
Trading with DXtrade – Pros and Cons
Prop traders should consider the pros and cons of trading with the DXtrade platform.
The Pros of Trading with DXtrade
- User-friendly user-interface
- Lightweight, web-based trading platform
- Available at many prop trading firms
- Real-time syncing among devices
- Dedicated trading environment and support for prop trading firms
- Supportive of numerous asset classes and leveraged trading
- Proactive risk management features
The Cons of Trading with DXtrade
- No direct support for algorithmic trading
- No trading platform upgrades
- Limited customization
- No multi-screen support
DXtrade Compared to Other Platforms
DXtrade emerged as a new breed of SaaS trading platforms this decade, but how does it compare to the well-established industry leaders? Let us look at the most distinct differences for traders to consider.
DXtrade vs. MT5
DXtrade has a superior user interface than MT5, but MT5 offers traders extensive upgrades with 10,000+ custom indicators, templates, scripts, and EAs. MT5 is compatible with third-party trading tools, including Capitalise AI for code-free algorithmic trading, Trading Central for automated trading signal generation, and Autochartist for automated chart pattern recognition. Advanced traders can connect their algorithmic trading solutions via API to MT5, fund managers can engage in multi-account management, and MT5 supports copy trading solutions. MT5 takes a clear leadership position over DXtrade.
DXtrade vs. MT4
The DXtrade comparison to MT4 is almost identical to the DXtrade comparison to MT5, but MT4 has 25,000+ customization options while featuring fewer technical indicators than MT5. MT4 remains the industry-leading algorithmic trading platform, with MT5 closing the gap amid forced relocation by MetaQuotes, the developer of MT4 and MT5. MT4 trumps DXtrade across the board.
DXtrade vs. cTrader
The DXtrade infrastructure competes directly with cTrader, the leading out-of-the-box web-based trading platform. While both trading platforms offer a modern user interface, cTrader supports algorithmic trading, API trading, copy trading, multi-screen trading, and hundreds of customization options. cTrader provides a more advanced trading environment than DXtrade.
DXtrade vs. TradeLocker
DXtrade and TradeLocker are similar, but the latter supports algorithmic trading and has a more extensive charting package. While DXtrade has a superior user interface, TradeLocker is a more advanced trading platform.
Bottom Line
DXtrade prop firms can offer competitive trading conditions, but prop traders must understand the rules and restrictions to ensure compliance and regular payouts.
