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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- fundedprime, Portfolio scaling up to a maximum of $800,000 per trader.
- Hola Prime, The best prop firm for ultra-fast withdrawals.
- Goat Funded Trader, The best prop firm for a monthly salary.
- Rebels Funding, The best prop firm for fast withdrawals.
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Year Established | 2023 | 2024 | 2022 | 2023 |
Minimum Deposit | ||||
Trading Platform(s) | DX Trade | Other, MetaTrader 5, cTrader, DX Trade+ | Other, MetaTrader 5+ | Proprietary platform, Trading View |
| Read Review | Visit Website | Visit Website | Visit Website |
fundedprime
In Summary Portfolio scaling up to a maximum of $800,000 per traderProp traders at Fundedprime can manage up to $800,000 in a demo account with a maximum profit share of 80%. The maximum leverage is 1:50, irrelevant to the geographic location of traders. The maximum daily drawdown is 5%, with a maximum drawdown of 10%. The two-step evaluation period for traders using the DXtrade platform features a 10% profit target during the first step, followed by a 5% profit target with three minimum trading days each.
The provision of accounts traded through Eightcap ensures competitive trading fees and a well-balanced asset selection exceeding 800 trading instruments, placing Fundedprime among the best DXtrade prop firms.
Pros & Cons
- Cryptocurrency withdrawals
- There is no time limit during the evaluation process.
- Maximum profit share up to 80%
- Trading via the platforms of trusted Australian brokerage Eightcap
- Limited operational history
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)
Goat Funded Trader
In Summary The best prop firm for a monthly salaryGoat Funded Trader is a unique prop trading firm offering qualifying traders a monthly salary between $300 and $500. It also ranks among the prop firms with the lowest evaluation fees, with a maximum profit share of 100%. Other benefits include instant funding, no hidden rules, and a reward guarantee. The profit targets range between 6% and 10% with daily drawdowns between 3% and 4%, and maximum drawdown between 6% and 8%. Therefore, I rank Goat Funded Trader among the best prop firms.
Traders can use MT5, TradeLocker, or Match Trader with commission-free trading on select assets.
Pros & Cons
- 100% in-house technology
- $9.1M+ paid out to traders
- 111K+ active accounts from 98K+ traders
- Processes 36K+ traders daily
- No equity trading
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.
