cTrader is a cutting-edge trading platform with an excellent charting package, extensive technical analysis tools, algorithmic trading support, and detailed trade statistics. As a result, it has become the preferred choice of many retail prop trading firms. But which cTrader prop firms offer the most competitive trading conditions? I have conducted an in-depth review, which you can use to learn how to use cTrader in prop trading, and to evaluate the pros and cons of cTrader prop firms.
- FundedNext, 15% profit share of the profits during the evaluation period.
- FTMO, the best prop trading firm with a genuine path for salaried prop traders.
- E8 Funding, The retail prop firm with the most customization options for funded accounts.
- Funded Traders, A great asset selection for retail prop traders with 300+ assets.
FundedNext
In Summary 15% profit share of the profits during the evaluation periodFundedNext has a 4.6 out of 5.0 rating on Trustpilot (29,671 reviews). The one-step evaluation fees range between $65 and $1,099, while the two-step alternatives cost between $59 and $999. FundedNext offers six accounts ($6,000, $15,000, $25,000, $50,000, $100,000, and $200,000) and is the only prop firm that pays 15% of profits during the evaluation. This places FundedNext among the best cTrader prop firms.
The daily drawdown is 3% or 6%, with a maximum total drawdown of 6% or 10% and a maximum profit split of 95%. FundedNext has paid $125M+ to 35K+ prop traders and offers a free trial.
Pros & Cons
- Six account options, a refundable evaluation fee, and a 10% reset discount
- MT4 and MT5 trading platforms with copy and algorithmic trading enabled
- 15% profit share during the evaluation process
- 60% to 90% profit share with ultra-fast withdrawal of five hours
- Limited asset selection
FTMO
In Summary the best prop trading firm with a genuine path for salaried prop tradersFTMO has a 4.8 out of 5.0 rating on Trustpilot (20,493 reviews). The Premium Program offers qualifying prop traders the opportunity to become professional traders in Quantlane, a proprietary firm managing real capital with a contract and fixed salary. Therefore, I rank FTMO as the best cTrader prop firm. FTMO has five funded account options ($10,000, $25,000, $50,000, $100,000, and $200,000) and two-step evaluations with a profit share between 80% and 90%.
FTMO has won the Deloitte Technology Fast 50 Winner award for four consecutive years starting in 2019, confirming its leadership position in transparency, profit-share, and trading conditions.
Pros & Cons
- Reasonable profit targets and generous maximum loss levels
- 80% to 90% profit share with a fast withdrawal process
- Customizable two-step evaluation period with free retrials where applicable
- MT4, MT5, and cTrader accounts with generous leverage
- No information about which broker or brokers FTMO uses
E8 Funding
In Summary The retail prop firm with the most customization options for funded accountsE8 has a 4.3 out of 5.0 rating on Trustpilot (2,640 reviews). Traders get eight accounts ($5,000, $10,000, $25,000, $50,000, $100,000, $200,000, $400,000, and $500,000) with one-step, two-step, and three-step evaluations. The maximum daily drawdown is 4%, with a trailing drawdown of 6% and a customizable maximum drawdown between 6% and 14% via add-ons. E8 also features an unprecedented 100% profit share, placing it among the best cTrader prop firms.
The profit target is 10% for the one-step challenge, 8% - 4% for the two-step challenge, and 8% - 4% - 4% for the three-step alternative. E8 claims the highest average payout industry-wide at $3,737.
Pros & Cons
- Competitive leverage and commission-based spreads from 0.3 pips
- Four funded accounts in three base currencies
- 80% profit share payable after eight days, followed by bi-weekly payouts
- No details about the management team
- No information about which broker or brokers E8 Funding uses
Funded Traders
In Summary A great asset selection for retail prop traders with 300+ assetsThe Funded Trader has a 3.2 out of 5.0 rating on Trustpilot (21,045 reviews). Traders can purchase an add-on to increase the profit share to 95% on six accounts ($5,000, $10,000, $25,000, $50,000, $100,000, and $200,000). The Funded Trader offers one-step, two-step, and three-step evaluations. The daily drawdown is 3% or 5%, with a maximum total drawdown of 6% or 10%.
The profit target is 10% for the one-step evaluation and 8% for the two-step and three-step alternatives. The minimum evaluation fee is between $64 and $1,173. For this reason, The Funded Trader is among the best available cTrader prop firms.
Pros & Cons
- Six funded account options with discounts on the evaluation fee
- 75% profit-share
- One-step evaluation period
- No published information about profit withdrawals
- Strict drawdown rules of only 5%
Brokers Comparison
| | | | |
Year Established | 2022 | 2014 | 2021 | 2018 |
Average Trading Cost EUR/USD | N/A | 0.6 pips ($6.00) | N/A | N/A |
Average Trading Cost GBP/USD | N/A | 0.8 pips ($8.00) | N/A | N/A |
Average Trading Cost Gold | N/A | $0.19 | N/A | N/A |
Trading Platform(s) | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
| Visit Website | Visit Website | Visit Website | Visit Website |
What cTrader Is and How to Use it with Prop Firms
cTrader is a cutting-edge trading platform ideal for algorithmic trading, chart customization, in-depth technical analysis, comprehensive backtesting, and extensive trading data. It is also becoming a top choice among retail prop firms.
Tips on using cTrader with prop firms:
- Automated trading - Algorithms handle 80%+ of daily Forex volumes, and prop traders must code their strategies into cTrader bots to maintain a competitive edge
- Backtesting - This is ideal for manual and algorithmic traders
- Charting tools - cTrader has an extensive library of charting tools and custom templates
- Technical analysis - Traders benefit from a broad choice of technical indicators
How to Choose a Prop Firm with cTrader
My comprehensive analysis of cTrader prop firms focused on the criteria below.
Prop traders should look for the following features from their cTrader prop firms:
- Trustworthiness: Since most prop firms emerged during the post-COVID-19 era, they lack verifiable operational history. Therefore, prop traders can consider third-party review sites like Trustpilot and check the regulatory environment of the partner broker.
- Trading Fees: Major currency pairs should not exceed $8.00 per 1.0 standard lot or 0.8 pips.
- Asset Selection: 200+ trading instruments ensure diversification and cross-asset trading opportunities.
- Withdrawals: I advise e-wallets and cryptocurrency withdrawals.
cTrader Prop Firms - Pros and Cons
Prop traders must consider the pros and cons of cTrader prop firms.
The Pros of Ctrader Prop Firms
- Algorithmic trading solutions coded in C#
- Modern user-interface
- Detailed trade data and trading statistics
- Multi-account management via cTrader ID
- Multi-screen trading
- API trading for advanced algorithmic traders
- VPS hosting for low-latency 24/5 Forex trading
- Connectivity to third-party trading tools, including Capitalise AI, Trading Central, and Autochartist
- One-click trading
- Unlimited demo accounts to test and tweak strategies
The Cons of Ctrader Prop Firms
- Quality upgrades are not free
Bottom Line
cTrader prop firms offer cutting-edge trading technology for algorithmic trading, an extensive technical analysis suite, and an excellent charting package for manual traders.
