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.
- Rocket21, A community of 50M+ traders with payouts of $4M+.
- fundedprime, Portfolio scaling up to a maximum of $800,000 per trader.
- Funding Traders, .
- Lionheart Funding, A three-phase evaluation with a 6%-5%-4% profit target.
- Profitex, A generous 7% daily loss limit with a 10% maximum drawdown.
Rocket21
In Summary A community of 50M+ traders with payouts of $4M+Rocket 21 caters to an impressive community of 50M+ traders from 7+ countries with payouts of $4M+, and accounts traded through Eightcap , placing it among the best DXtrade prop firms. Prop traders can scale their portfolio after three consecutive profitable months with an upper limit of $2M. The maximum profit share is up to 90%. Rocket 21 supports cryptocurrency withdrawals and processes withdrawals within five business days of the payout date.
Prop traders will always manage demo accounts with simulated Forex commissions of $7.00 per 1.0 standard round lot, $3 for metals, and commission-free costs for indices, cryptocurrencies, and oil.
Pros & Cons
- Innovative product offering including its Revive feature, Scaling plan and various add-on options
- There is no time limit during the evaluation process.
- A reasonable minimum evaluation fee of $59
- Maximum profit share up to 90%
- Limited operational history
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
Funding Traders
In SummaryI rank Funding Traders among the best DXtrade prop firms as it offers add-ons to increase the regular 80% profit share to 90% and 100% with a minimum payout of $50. Traders can choose between one-step and two-step verifications and manage up to $2M via a scaling plan that increases the account size by 25% every two months if traders earn 8%+.
Funding traders offer 1:100 Forex leverage, 1:50 for metals and indices, and 1:5 for crypto, with a 10% profit target, a 10% maximum drawdown, and a 5% daily drawdown. The maximum loss per trade is 2%.
Pros & Cons
- Traders can use EAs, swing trading, news trading, and maintain weekend positions
- Scalability of portfolios to $2M
- Highly competitive trading conditions
- Maximum profit share up to 100%
- Limited operational history
Lionheart Funding
In Summary A three-phase evaluation with a 6%-5%-4% profit targetLionheart offers prop traders one of the most competitive evaluation conditions with a 6% profit target, a 4% daily drawdown limit, and an 8% maximum drawdown. Besides the seven funded accounts, Lionheart has four challenge types. There are no minimum or maximum trading day requirements, and all accounts and challenges are offered via Eightcap. Therefore, I rank Lionheart among the best DXtrade prop firms.
Prop traders benefit from a balanced asset selection and get competitive leverage of 1:100. Lionheart allows algorithmic trading in its Roar challenge but not for funded accounts. Lionheart also supports cryptocurrency deposits and withdrawals.
Pros & Cons
- Trading via the platforms of trusted Australian brokerage Eightcap
- Low minimum evaluation fee
- Fast payouts, usually within 24 hours
- Profit share of 90%
- Limited operational history
Profitex
In Summary A generous 7% daily loss limit with a 10% maximum drawdownWith 100K+ funded traders, an 80% profit share, and one-step verification, Profitex ranks among the best DXtrade prop firms for traders who thrive in conservative trading conditions. Prop traders get a maximum leverage of 1:30 and can manage a maximum of $200,000. Traders must trade for at least three days and have a 10% profit target, a 5% daily drawdown limit, and a 10% maximum drawdown. Funded traders must trade at least ten days to qualify for a profit split.
Competitive Eightcap spreads and commissions apply. Prop traders can pay the evaluation fee and request their earnings in cryptocurrency.
Pros & Cons
- Offers trusted Australian broker, Eightcap's trading platform
- Cryptocurrency withdrawals
- There is no time limit during the evaluation process
- Maximum profit share up to 80%
- Limited operational history
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.
