Prop Trading Firms in India: 6 Best Options for Beginners

3. FundedNext

Country of Origin: United Arab Emirates
Year Founded: 2022
Trustpilot Rating: 4.3/5 (Based on 8,000+ reviews)

FundedNext has emerged as the most searched prop firm globally, with over 673,000 monthly Google searches as of 2025. The firm leads in website traffic with 5.02 million visits in March 2025, indicating strong trader interest and satisfaction levels among prop trading firms in India.

Detailed Specifications:

• Assets: 100+ Forex pairs, Commodities, Indices, Cryptocurrencies
• Platforms: MetaTrader 4, MetaTrader 5, cTrader, DXTrade
• Maximum Allocation: $300,000
• Account Sizes: $6K, $15K, $25K, $50K, $100K, $200K, $300K
• Evaluation Steps: 2-Phase or 1-Phase Express
• Profit Targets: 2-Phase: 8% then 5%, 1-Phase: 10%
• Daily Loss Limit: 5%
• Maximum Loss: 10%
• Profit Split: 90% (industry-leading)
• Payout Frequency: Weekly
• Pricing: $99 (15K) to $1,099 (300K)

Pros and Cons

FundingPips vs The5%ers vs FundedNext

Account Size	$10K – $200K	$20K – $4M scaling	$6K – $300K
Profit Target	8% → 5%	6-8% → 5%	8% → 5% (2-phase)
Profit Split	80% (up to 90%)	75% (increases)	90%
Payout Frequency	Weekly	Bi-weekly	Weekly
Best For	Consistent weekly income	Long-term scaling	Maximum profit retention

4. Maven Trading

Country of Origin: Canada
Year Founded: 2023
Trustpilot Rating: 3.8/5 (Based on 900+ reviews)

Maven Trading focuses on creating an inclusive environment for both new and experienced traders. Despite being newer among prop trading firms in India, they’ve attracted attention with competitive pricing and trader-centric policies designed for the Indian market.

Detailed Specifications:

• Assets: 70+ Forex pairs, Gold, Silver, Indices
• Platforms: MetaTrader 4, MetaTrader 5
• Maximum Allocation: $200,000
• Account Sizes: $10K, $25K, $50K, $100K, $200K
• Evaluation Steps: 2-Phase Challenge
• Profit Targets: Phase 1: 8%, Phase 2: 5%
• Daily Loss Limit: 5%
• Maximum Loss: 10%
• Profit Split: 75%
• Payout Frequency: Weekly
• Pricing: $89 (10K) to $499 (200K)

Pros and Cons

5. IC Funded

Country of Origin: United Kingdom
Year Founded: 2022
Trustpilot Rating: 4.0/5 (Based on 2,100+ reviews)

IC Funded has positioned itself as a technology-forward prop firm with advanced trading tools and analytics. Their emphasis on trader development and transparent operations has made them popular among serious traders seeking long-term partnerships with top prop trading firms.

Detailed Specifications:

• Assets: 85+ Forex pairs, Commodities, Indices
• Platforms: MetaTrader 4, MetaTrader 5, TradingView
• Maximum Allocation: $200,000
• Account Sizes: $12.5K, $25K, $50K, $100K, $200K
• Evaluation Steps: 2-Phase Challenge
• Profit Targets: Phase 1: 10%, Phase 2: 5%
• Daily Loss Limit: 5%
• Maximum Loss: 10%
• Profit Split: 80%
• Payout Frequency: Weekly
• Pricing: $99 (12.5K) to $599 (200K)

Pros and Cons

6. FXIFY

Country of Origin: Canada
Year Founded: 2021
Trustpilot Rating: 4.2/5 (Based on 5,200+ reviews)

FXIFY has earned recognition as one of the best prop trading firms in India through its commitment to fast payouts and customizable trading accounts. With over 38,000 members in their Discord community, they’ve built strong trader engagement and support systems.

Detailed Specifications:

• Assets: 75+ Forex pairs, Commodities, Indices
• Platforms: MetaTrader 4, MetaTrader 5, DXTrade
• Maximum Allocation: $300,000
• Account Sizes: $10K, $25K, $50K, $100K, $200K, $300K
• Evaluation Steps: 2-Phase Standard or 1-Phase Rapid
• Profit Targets: 2-Phase: 8% then 4%, 1-Phase: 10%
• Daily Loss Limit: 5%
• Maximum Loss: 8%
• Profit Split: 80%
• Payout Frequency: Daily (industry fastest)
• Pricing: $79 (10K) to $599 (300K)

Pros and Cons

Maven Trading vs IC Funded vs FXIFY

Account Size	$10K – $200K	$12.5K – $200K	$10K – $300K
Profit Target	8% → 5%	10% → 5%	8% → 4% (2-phase)
Profit Split	75%	80%	80%
Payout Frequency	Weekly	Weekly	Daily
Best For	Beginners	Analytics-focused traders	Fast payout needs

How Do Forex Prop Trading Firms Work?

The operational model of prop trading firms in India follows a structured approach designed to identify, evaluate, and fund profitable traders while managing risk effectively.

Phase 1: Application and Registration Traders begin by selecting an account size and paying an evaluation fee. This fee covers the cost of providing simulated trading capital and platform access. Most firms offer multiple account sizes from $10,000 to $300,000, allowing traders to choose based on their experience and risk appetite.

Phase 2: Evaluation Challenge The evaluation typically consists of two phases:

• Challenge Phase: Traders must achieve a specific profit target (usually 8-10%) while adhering to daily and maximum drawdown limits
• Verification Phase: A secondary phase requiring lower profit targets (4-5%) to confirm trading consistency

Phase 3: Live Trading Successful traders receive funded accounts with real capital. While trading live markets, they must maintain the same risk management standards established during evaluation. Most firms require traders to maintain their accounts above specific equity thresholds and avoid violating trading rules.

Phase 4: Profit Distribution Profits are shared between the trader and firm according to predetermined splits, typically ranging from 75% to 90% in favor of the trader. Payouts occur weekly, bi-weekly, or daily depending on the firm’s policy.

Risk Management Framework All top prop trading firms implement strict risk controls including:

• Daily loss limits (typically 4-5% of account balance)
• Maximum drawdown limits (8-12% of initial balance)
• Position sizing restrictions
• Prohibited trading practices (like holding positions during major news events)

This systematic approach ensures that only disciplined, profitable traders gain access to significant capital while protecting the firm’s assets through comprehensive risk management.

Advantages and Disadvantages of Forex Prop Trading

Advantages

Access to Substantial Capital: The primary benefit of joining prop trading firms in India is accessing trading capital far beyond personal financial capacity. Instead of risking ₹5-10 lakhs of personal funds, traders can control equivalent amounts for evaluation fees of ₹7,000-₹80,000.

Zero Personal Financial Risk: Once funded, traders risk only the firm’s capital, not their personal savings. This eliminates the emotional stress and financial pressure that often leads to poor trading decisions when using personal funds.

Professional Development Opportunities: Established prop firms provide educational resources, trading tools, and mentorship programs. Many offer advanced analytics, risk management systems, and access to institutional-grade trading infrastructure unavailable to retail traders.

Performance-Based Income Potential: Successful traders can earn substantial income through profit-sharing arrangements. Top performers at leading firms report monthly earnings ranging from $2,000 to $25,000, depending on account size and trading performance.

Scalable Growth Path: Many firms offer scaling programs where consistent performers can access larger trading accounts. The5%ers, for example, allows scaling up to $4 million, creating unlimited earning potential for skilled traders.

Disadvantages

Strict Trading Rules and Limitations: All top prop trading firms impose rigid risk management rules including daily loss limits, maximum drawdown restrictions, and prohibited trading practices. These constraints can limit trading flexibility and strategy implementation.

Evaluation Costs and Failure Risk: Challenge fees range from ₹6,000 to ₹80,000 with no guarantee of success. Industry statistics suggest 80-90% of traders fail evaluation challenges, making this a high-risk investment for many participants.

Performance Pressure and Stress: The pressure to maintain funding by avoiding rule violations and generating consistent profits can create significant psychological stress. Many traders report that funded account trading feels more stressful than personal account trading.

Profit Sharing Arrangements: Even with favorable splits like 80-90%, traders must share their profits with the firm. A ₹10,000 monthly profit becomes ₹8,000-₹9,000 in actual earnings, which may disappoint some traders expecting full profit retention.

Limited Trading Flexibility: Most firms restrict trading during major news events, limit position holding times, and prohibit certain strategies like martingale or grid trading. These restrictions can significantly impact traders who rely on such approaches.

How to Choose the Best Forex Prop Firm in 2025

Selecting among the best prop trading firms in India requires systematic evaluation across multiple criteria that align with your trading style, experience level, and financial objectives.

Key Evaluation Criteria Checklist:

1. Profit Split and Payout Terms

• Compare profit-sharing ratios (75% vs 80% vs 90%)
• Evaluate payout frequency (daily vs weekly vs bi-weekly)
• Assess minimum payout thresholds and withdrawal fees
• Review scaling opportunities and profit split improvements

2. Challenge Structure and Difficulty

• Analyze profit targets relative to account size and time limits
• Compare daily and maximum drawdown limits
• Evaluate the number of evaluation phases required
• Consider challenge reset policies and refund options

3. Trading Conditions and Flexibility

• Review available assets (forex, commodities, indices, crypto)
• Compare spreads, commissions, and trading costs
• Assess platform options and technological capabilities
• Evaluate news trading and strategy restrictions

4. Risk Management Requirements

• Understand daily loss limits and their calculation methods
• Review maximum drawdown policies and reset procedures
• Assess position sizing and leverage restrictions
• Evaluate consistency requirements and violation policies

Critical Questions to Ask Yourself:

• What is your realistic monthly profit target and required income?
• How much evaluation cost can you afford to potentially lose?
• What trading strategies do you prefer, and are they permitted?
• Do you need daily payouts or can you wait for weekly/bi-weekly payments?
• How important is account scaling versus immediate higher profit splits?

Red Flags to Avoid:

• Firms promising guaranteed profits or unrealistic success rates
• Prop firms without proper regulation or transparent fee structures
• Companies with consistently poor customer reviews or payout delays
• Firms requiring additional fees beyond stated evaluation costs
• Organizations lacking clear terms of service or trading rules

Decision-Making Framework: Create a weighted scoring system ranking firms across your most important criteria. Assign points for profit splits (25%), evaluation difficulty (20%), payout frequency (15%), trading conditions (15%), firm reputation (15%), and costs (10%). This systematic approach helps identify the top prop trading firms that best match your specific requirements rather than following generic recommendations.

How to Start with a Prop Trading Firm in India

Beginning your journey with the best prop trading firms in India requires careful preparation, documentation, and a systematic approach to maximize your chances of success.

Step 1: Pre-Application Preparation

Before selecting a firm, ensure you have at least 6-12 months of consistent profitable trading experience on a demo or small live account. Document your trading strategy, risk management rules, and historical performance. Most successful prop traders recommend having a proven strategy that generates 3-5% monthly returns with maximum 15% drawdowns.

Step 2: Required Documentation

Prepare essential documents for account verification:

• Valid passport or Aadhaar card for identity verification
• PAN card for tax identification purposes
• Bank account statements (last 3 months) for financial verification
• Address proof (utility bill or bank statement)
• Trading experience documentation (broker statements if available)

Step 3: Firm Selection and Account Setup

Choose your preferred firm from our reviewed top prop trading firms based on your evaluation criteria. Create an account on their platform, complete KYC verification, and select your challenge account size. Start with smaller accounts ($10K-$25K) to minimize evaluation costs while gaining experience with the firm’s specific rules.

Step 4: Payment and Challenge Activation

Pay evaluation fees through accepted methods (usually credit/debit cards, bank transfers, or cryptocurrency). Most firms activate challenges within 24-48 hours of payment confirmation. You’ll receive trading account credentials and platform download links.

Step 5: Platform Setup and Strategy Testing

Download and configure your trading platform (MT4/MT5/cTrader). Test your strategy on the demo environment first to understand spread differences and execution speeds. Review all trading rules and restrictions specific to your chosen firm.

Step 6: Challenge Execution

Begin your evaluation challenge following strict risk management protocols. Most successful traders recommend:

• Risk no more than 1-2% per trade
• Maintain detailed trading journals
• Avoid trading during major news events unless explicitly permitted
• Focus on consistency rather than aggressive profit targeting

First Steps After Approval:

Once funded, treat your live account conservatively for the first month. Many traders increase risk too quickly after receiving funding, leading to account violations. Gradually scale your position sizes as you build confidence with live market conditions and the firm’s execution environment.

Profitable Strategies for Prop Trading

Success with prop trading firms in India requires strategies specifically adapted to the constraints and requirements of funded trading environments.

Risk Management Fundamentals

The foundation of prop trading success lies in strict risk management rather than profit maximization. Most failing traders violate daily loss limits or maximum drawdown rules, not profit targets.

Core Risk Principles:

• Never risk more than 1% of account balance per trade
• Set daily loss limits at 50% of the firm’s maximum (if daily limit is 5%, stop at 2.5% loss)
• Use position sizing calculators to ensure compliance with risk parameters
• Implement stop-losses on every trade without exception

Popular Strategies for Prop Firms

1. Trend Following with Multiple Timeframes This strategy works well within prop firm constraints as it typically involves lower frequency trading with well-defined risk parameters. Use daily charts to identify trend direction, 4-hour charts for entry timing, and 1-hour charts for precise execution.

2. Support and Resistance Breakouts Identify key levels on higher timeframes and trade breakouts with confirmation. This approach provides clear stop-loss levels and profit targets, making it easier to maintain required risk-reward ratios.

3. London/New York Session Scalping Focus trading activity during high-volume sessions when spreads are tighter and price movements are more predictable. This strategy works particularly well for traders in Indian time zones who can catch the London session overlap.

Strategy Development Process

Phase 1: Backtesting and Optimization Before attempting prop firm challenges, backtest your strategy over at least 12 months of historical data. Focus on:

• Maximum consecutive losses and drawdown periods
• Average risk-reward ratios and win rates
• Performance during different market conditions
• Consistency of monthly returns

Phase 2: Forward Testing Implement your strategy on demo accounts using the same position sizes you’ll use in challenges. This reveals execution issues, slippage impacts, and psychological pressures not apparent in backtesting.

Phase 3: Strategy Documentation Create detailed trading plans including:

• Specific entry and exit criteria
• Position sizing formulas
• Daily and weekly trading schedules
• Response protocols for different market scenarios

Adapting Strategies for Prop Firm Rules

Most best prop trading firms in India restrict certain practices, requiring strategy modifications:

• Avoid holding positions during major news releases
• Implement maximum position holding times if required
• Adjust lot sizes to comply with maximum position limits
• Develop alternative approaches for prohibited strategies like martingale or grid trading

Successful prop traders often develop multiple complementary strategies to diversify their approach while maintaining consistency with risk management principles.

Final Thoughts

The landscape of prop trading firms in India has evolved dramatically, offering unprecedented opportunities for skilled traders to access substantial capital without personal financial risk. Our comprehensive analysis reveals that FundedNext leads with its industry-high 90% profit split, while FXIFY excels in fast daily payouts, and The5%ers provides unmatched scaling potential up to $4 million.

Success in prop trading requires more than selecting the right firm – it demands disciplined risk management, proven strategies, and realistic expectations about the challenges ahead. With industry statistics showing 80-90% evaluation failure rates, preparation and practice are essential before committing evaluation fees.

The top prop trading firms we’ve analyzed all welcome Indian traders and provide legitimate pathways to funded trading careers. However, regulatory compliance remains crucial, and traders should maintain proper documentation for tax purposes while staying informed about evolving FEMA regulations.

Action Steps for Beginners:

1. Develop and test your trading strategy for 6-12 months
2. Start with smaller account challenges ($10K-$25K) to minimize costs
3. Focus on consistency and risk management over profit maximization
4. Choose firms based on your specific needs rather than generic recommendations
5. Maintain detailed records for regulatory and tax compliance

The prop trading industry continues expanding, with new firms entering the market and existing ones improving their offerings. This competitive environment benefits traders through better profit splits, faster payouts, and more flexible trading conditions.

For Indian traders serious about scaling their trading careers, prop firms represent the most viable path to professional-level capital access. Success requires dedication, discipline, and realistic expectations, but the potential rewards – both financial and professional – make the journey worthwhile for committed traders.

Frequently Asked Questions (FAQs)

• Are prop trading firms legal for Indian residents?

Yes, Indian residents can legally participate in offshore prop firm programs under RBI’s Liberalized Remittance Scheme (LRS), which allows up to $250,000 annual remittances for investment purposes. Evaluation fees and profit withdrawals fall within this allowance, but proper documentation for tax purposes is essential.

• What is the minimum amount needed to start with prop trading firms?

Most prop trading firms in India offer challenges starting from $79-$99 for $10,000 accounts. However, we recommend having at least ₹15,000-₹20,000 available for multiple attempts, as success rates for first-time challengers are typically 10-20%.

• How long does it take to complete a prop firm challenge?

Challenge duration varies by firm and trader performance. Most traders complete 2-phase challenges in 4-12 weeks, though some firms like FundedNext offer no time limits. Rushing through challenges often leads to failures, so focus on consistency over speed.

• Can I trade with multiple prop firms simultaneously?

Yes, there are no restrictions preventing traders from working with multiple firms. However, manage your time and focus carefully, as maintaining performance across multiple funded accounts requires significant attention and risk management skills.

• What happens if I fail a prop firm challenge?

Challenge failure means losing your evaluation fee, though some firms offer discounted reset opportunities. Most top prop trading firms provide detailed performance analysis to help identify areas for improvement before attempting another challenge.

• How are profits from prop trading taxed in India?

Profits from prop trading are considered foreign income and must be declared in your ITR under “Income from Other Sources.” The tax rate depends on your income slab, and you may need to pay advance tax if profits exceed ₹10,000 annually.

• Which trading platforms do prop firms support?

Most firms support MetaTrader 4, MetaTrader 5, and increasingly cTrader or DXTrade. Platform choice often depends on your trading style – MT4/MT5 for forex focus, cTrader for advanced order types, and DXTrade for multi-asset trading.

• Can beginners succeed with prop trading firms?

While possible, beginners face significant challenges due to strict risk management requirements and performance pressure. We recommend at least 6-12 months of consistent demo trading success before attempting prop firm challenges.

• What’s the average success rate for prop firm challenges?

Industry-wide success rates range from 10-20% for first attempts, though this improves to 30-40% for traders with prior challenge experience. Success rates vary significantly between firms and challenge difficulty levels.

• How quickly can I withdraw profits from funded accounts?

Withdrawal timelines vary by firm: FXIFY offers daily payouts, most others provide weekly payouts, while The5%ers operates on bi-weekly schedules. First payouts often require additional verification and may take 5-7 business days longer than subsequent withdrawals.