- Our Top Prop Trading Firms with MetaTrader
- Comparison Table of Prop Firms with cTrader
- FTMO
- The Funded Trader
- SurgeTrader
- E8 Funding
- What is MetaTrader?
- MetaTrader 4 vs MetaTrader 5 For Prop Trading
- Final Thoughts
Prop trading challenges give you a chance to show a proprietary trading firm that you have the skills that it takes to make a consistent profit from the financial markets whilst using good money management. If you pass a prop firm evaluation phase, they can give you access to funded account and share of any profits that you generate. In order to improve your chances of passing the prop firm challenge, you will need a trading platform that you are familiar with, such as MetaTrader.
Prop Firms That Use MetaTrader
Our Top Prop Trading Firms with MetaTrader
OnlyFunds Review
OnlyFunds provide funded trading accounts with a large 90% profit share, along with straightforward and fair trading conditions to ensure a level playing field for all traders.
9.7
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FTMO Review
FTMO is an award-winning prop trading firm where you can take part in challenges to qualify to trade the company’s capital and receive up to $2 million in funds and keep 90% of profits. The company provide you with support along the way and will even cover the losses.
9.3
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SurgeTrader Review
SurgeTrader accelerates your path to becoming a professional trader by putting real capital into live accounts for you to trade. They have a good variety of funded trader programs where you can keep up to 90% of the profits if you successfully pass the audition phase and scale up to $500K.
9
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The Funded Trader Review
The Funded Trader is a popular prop trading firm where aspiring traders can potentially unlock up to $600k accounts to become professional traders and earn a 90% share of the profits.
9
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E8 Funding Review
E8 Funding give you the funds and take the risk for you to trade. They have a simple 2-phase evaluation process which gives you access to manage up to $1,000,000 in trading funds and an 80% profit share once complete.
8.7
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Prop Firms That Use MetaTrader
Comparison Table of Prop Firms with cTrader
Prop Firms That Use MetaTrader
FTMO
With MT4, MT5, and cTrader accounts, which are all powered by data feeds directly from a pool of premier liquidity providers, FTMO give the greatest trading conditions to all of their clients. With extremely cheap commissions, no mark-up, and super-raw spreads on all demo trading accounts, they try their best to replicate the actual market conditions.
Pros
- One-time fee only (no recurrent charges or other fees)
- No limits or restrictions on your trading style
- Choice of platforms (MT4, MT5, cTrader)
- Access to some handy trading apps designed to help you with risk management and profit maximization
- Trade Forex, Commodities, Indices, Crypto, Stocks, Bonds
- No limits on the volume traded (lot size)
- Leverage up to 1:100
- FTMO’s scaling plan allows their most skilled traders access to up to $2 million of trading capital
- A thorough account analysis for every account
- The fee will be reimbursed to you with the first Profit Split
- Customer Support in 17 languages
- The most trusted and reputable Prop Trading Firm in the industry
- So many traders have used FTMO over the years that there is an incredible amount of trader-generated resources available, including lots of great advice on how to pass the FTMO Challenge
Cons
- Strict requirements for the test period
- Steep 10% profit target for the first step of the FTMO evaluation, however, it eventually drops to 5% for the second verification stage
- FTMO keeps all traders on demo accounts, even those that have passed the FTMO Challenge and become fully funded
- In order to receive a funded account, traders must first pass the FTMO Challenge, followed by a verification stage
9.3
FTMO Best seller
FTMO is an award-winning prop trading firm where you can take part in challenges to qualify to trade the company’s …
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Prop Firms That Use MetaTrader
The Funded Trader
You can trade on both of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms via desktop, web and mobile with The Funded Trader. Commissions on the platform are $5 per standard lot roundtrip for all asset classes currently offered.
Pros
- Maximum balance of standard accounts up to $600,000
- Scaling plan with balance up to $1,500,000
- Arranges exciting events, rewards and competitions
- High leverage for trading forex up to 1:200
- Achievable profit and drawdown targets
- 90% profit split on scaling plan
- Unlimited evaluation free retries
- Large range of trading instruments
- Overnight and weekend holding allowed
- Good variety of challenges to choose from
- Trade on both the MetaTrader 4/5 platforms
Cons
- No free trial
- Very strict trading conditions
- Funded with demo account and virtual funds
- Lack of educational content
- Overwhelming rules and restrictions
9
The Funded Trader Best price
The Funded Trader is a popular prop trading firm where aspiring traders can potentially unlock up to $600k accounts to …
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Prop Firms That Use MetaTrader
SurgeTrader
The Eightcap MT4 or Eightcap MT5 trading platforms are available to traders on SurgeTrader, with MT5 giving a greater selection of specific stocks and shares. Their partner broker Eightcap are regulated and offer all platforms and products with top class trading conditions.
Pros
- Simple, straightforward trading rules
- No minimum trading days
- No 30-day assessment period
- Scale up from $25K all the way to $500K
- One-Time fee with no ongoing costs
- No restrictions on trading strategies
- 1 step evaluation process
- Good choice of trading instruments
- Trade on both MT4/MT5 platforms
- Handy trader dashboard
- Realistic profit target set at 10% of the total account balance
- After passing the audition you will start trading directly on a live account, with real profits and losses taken by the company, no demo accounts
- You will have access to a free 30-day membership with BKForex, which includes daily trading signals, tools, indicators, webinars and more
- Quick withdrawals and no minimum or maximum amount restrictions, which can be requested at any time once a month
- Very generous profit share that goes all the way up to 90%
- Free trial of the audition upon request
Cons
- A stop-loss is required for each trade
- All positions must be closed on Friday
- Maximum open size of 1 lot per $10,000 of the account balance
- 5% maximum trailing drawdown
- Low leverage 10:1, 5:1 and 2:1
9
SurgeTrader
SurgeTrader accelerates your path to becoming a professional trader by putting real capital into live accounts for you …
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Prop Firms That Use MetaTrader
E8 Funding
E8 Funding currently offer MT4/MT5 web trader, IOS and Android app as well as MT4/MT5 desktop applications. You trade using the liquidity that is made available by the prop firms liquidity providers. Through the E8 MT4 Server, which they only use to collaborate with Tier-1 institutions, you may get minimal spreads with a commission and reliable execution speeds.
Pros
- Unlimited evaluation free retries
- Instant account access
- Attractive and innovative trader dashboard
- Forex leverage of up to 1:100
- Max capital allocation on the E8 account from 250k to 600k
- Funded account balance up to $1,000,000 with scaling
- Up to 80% profit share
- No minimum trading days on regular account type
- Allows news, overnight and weekend trading
- Trade on the popular MetaTrader platforms
- Free trial
Cons
- 5% Maximum daily floating loss
- Not the lowest fees
8.7
E8 Funding
E8 Funding give you the funds and take the risk for you to trade. They have a simple 2-phase evaluation process which …
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Prop Firms That Use MetaTrader
What is MetaTrader?
MetaTrader is the industry standard forex and CFD platform for buying and selling financial instruments. It is popular amongst retail traders all around the globe that want to speculate on falling or rising prices, trying to make a profit of the difference in price from when they open and close their traders. There is the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platform, both of which are provided by some of the best prop firms you can find.
MetaTrader includes several trading tools and capabilities that other platforms lack, in addition to being simple to download and install. Track changes in instrument prices, look at the graphs and charts, and map the patterns to find the trades you want to make. The following graphs are displayed and supported by the platform: Line charts, bar charts, Renko, Heikin Ashi, and Candlestick charts. Your trading orders may be easily set up, and predetermined stop losses and targets are instantly carried out. The pending orders and trailing stop loss are equally accessible.
By employing scripts that have been uploaded to the site and whose instructions are simple to follow, expert advisors (EAs) can automate your trading. This prevents you from having to always be near your computer or from missing a trading chance. The platform provides a convenient capability to monitor your transaction history, allowing you to learn from your trading mistakes.
With these features the MetaTrader 4 is really enough for prop trading however for more advance strategies the MetaTrader 5 would be the alternative option.
Prop Firms That Use MetaTrader
MetaTrader 4 vs MetaTrader 5 For Prop Trading
Both MT4 and MT5 are the official versions created and distributed by MetaQuotes Software. While the previous MT4 platform is seen to be preferable for trading forex, the newer MT5 version is thought to be superior for managing orders and trading stocks. In actuality, few retail traders will distinguish much of a difference between the two platforms. Both of them offer the fundamental characteristics and trading capabilities required for profitable trading.
| Feature | MT4 | MT5 |
|---|---|---|
| Availability to brokers | Very popular | Very popular |
| User-friendly and easy to navigate | Extremely easy | Extremely easy |
| Roll-over and Hedging | Possible | Possible |
| Programming Language used | MQL4 | MQL5 |
| Number of order execution types | 3 | 4 |
| Number of Pending Order Types | 4 | 6 |
| Depth of Market | No | Yes, but not available from beginning |
| Technical Indicators | 30 | 38 |
| Timeframes | 9 | 21 |
| Economic Calendar | Not Available | Available in MT5 apps |
| Reports | Tables only | Tables + Charts Everything can be exported to Excel |
| Open Trades View | Lots only | Lots, Quantity + Milliseconds |
| Docked Charts | Not available | Available |
| Market Watch | Less detailed | More details + easy navigation |
| Partial Order Filling | Not available | Available |
| Email System | No attachments | With attachments |
| Strategy Tester | Single threaded | Multi-threaded + Multi-currency + Agent manager |
| Netting | Not supported | Not supported |
| Exchange Trading | Not supported | Not supported |
| Funds Transfer between Accounts | Not supported | Supported |
Although being marketed as being far more sophisticated than its predecessor, MetaTrader 4, MetaTrader 5 is not that much different. You’ll discover things like more sophisticated trade charting systems and in-depth analytical tools. Although if the MT4 platform is more than enough for forex traders, using MT5 would be the best option if these two features would enhance your trading abilities. As traders are happy with MT4’s present capabilities and it is still the most downloaded and utilised platform, there is no need to update or upgrade.
Prop Firms That Use MetaTrader
MetaTrader Pros & Cons
Pros
- Easy to use trading platform for beginners
- Multiple chart types and timeframes
- Powerful trading tools
- Conduct indepth market analysis
- Supports manual and automated trading via expert advisors
- Fully customisable intuitive interface
- Easy to navigate around the platform
- Lots of free and paid add-ons
- Accessible from any device – mobile, computer, laptop, or a tablet
- Trade forex, stocks, commodities, indices and cryptos
- Available via most prop trading firms
- Popular platform amongst brokers
- Develope your own EAs, tools and scripts
Cons
- MT4 is no longer supported by MetaQuotes
- MetaTrader web platform does not allow automated trading
- Cannot choose custom timeframes
- Execution speed is not suitable for high-frequency trading
Prop Firms That Use MetaTrader
Final Thoughts
If you are looking for prop firms that use MetaTrader 4 or 5 platforms, then you certainly aren’t going to be short of options. MT4 and MT5 are the most widely available platforms and still favourites amongst beginner and experienced traders alike. They can cater to all manual and automated trading strategies which can help you to pass your prop firm challenge. There are thousands of free and paid tools you will find to further enhance the MetaTrader platforms capabilities, including prop firm EAs. There is a reason why the majority of trading brokers provide either MT4, MT5, or both.
