Best Prop Firms Canada

This curated guide to the best prop firms Canada highlights trusted names that combine transparent rules, fair profit splits, and reliable payouts. Each firm was evaluated for its funding structure, platform quality, and trader support to ensure lasting value. Whether you’re starting your proprietary trading journey or scaling your career, these firms offer the flexibility and credibility Canadian traders can rely on.

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Written by: Ngan Pham

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Owner of the YouTube channel H2TCrypto with over 1.1k followers, sharing proven Crypto investment knowledge and strategies based on my depth of experience. I keep you updated with market information and analysis so you can take action on the crypto mainstream.


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Updated: November 20, 2025

Best Prop Firms Canada

Finding a trustworthy prop firm can feel overwhelming. With dozens of platforms promising instant funding or easy payouts, many traders end up frustrated by hidden rules, delayed payouts, or unreliable support.

The best prop firms Canada, as curated by H2T Funding, are carefully selected through in-depth research, trader feedback, and transparent performance data. This list highlights firms proven for fair profit sharing, consistent payouts, and strong trader support.

These firms help you trade confidently with company capital instead of risking your own. Whether you trade forex, futures, or algorithmic strategies, this guide reveals 14 trusted options built to match your goals and trading style.

1. What is prop trading, and how does it work for Canadian traders

Prop trading, short for proprietary trading, allows traders to use a firm’s capital instead of their own. In return, traders follow specific trading rules, maintain risk management, and share profits through structured profit splits. This approach lets traders grow faster while minimizing personal financial exposure.

Prop trading lets traders use a firm’s capital rather than their own
Prop trading lets traders use a firm’s capital rather than their own

Most prop trading firms operate through an evaluation process that measures trading discipline, consistency, and profitability. Once you pass, the firm grants funding, giving you access to real trading capital and regular payouts based on your performance. These programs reward skill, not luck.

For Canadian traders, this model bridges access to global markets without requiring large initial deposits. Many firms support Canadian clients with flexible trading platforms, various asset types, and algorithmic trading compatibility. The key is finding a firm that combines transparency, clear rules, and trader-friendly conditions suited to your style.

2. Top 14 best prop firms Canada (That actually pay)

Each firm in this list offers unique funding programs, fair profit splits, and diverse trading platforms suited to different trading styles. These best funded prop firms in Canada were chosen for their transparency, payout reliability, and trader-friendly conditions.

Firm Profit Split Rating Actions
Elite Trader Funding
90% – 100%
3.7
Open an account
Earn2Trade
80%
4.5
Open an account
The Trading Pit
80%
4.2
Open an account
Rebels Funding
75% – 90%
4.2
Open an account
For Traders
80% – 90%
4.3
Open an account
Topstep
90% – 100%
4.4
Open an account
The5ers
50% – 100%
4.9
Open an account
Funding Pips
80% – 100%
4.3
Open an account
FundedNext
80% – 95%
4.6
Open an account
Funded Trading Plus
80% – 100%
4.6
Open an account
FTMO
80% – 90%
4.8
Open an account
E8 Funding
80% – 100%
4.5
Open an account
Bright Funded
80% – 100%
4.5
Open an account
Alpha Capital Group
80%
4.6
Open an account

Explore the detailed reviews below to find the prop firm that fits your strategy best.

Bright Funded

#1

Bright Funded

Editor’s Rating

4.5

N/A

Start Challenge

Account Types

2-step

Trading Platforms

cTrader, DXTrade, MT5

Profit Target

8%

Our take on Bright Funded

BrightFunded has quickly gained attention among the best prop trading firms Canada, offering traders funding up to $400K and weekly payouts. Its two-phase evaluation is simple, 8% and 5% profit targets with no time limits or consistency rules, helping traders progress at their own pace. 

The firm’s Trade2Earn program further rewards active traders with loyalty credits toward future challenges. And with a 24-hour guaranteed payout and up to 100% profit share makes it one of the most rewarding models on the market. Traders appreciate its balance between flexibility and structure, with the ability to hold trades overnight or over weekends without penalty.

Canadian traders will find BrightFunded particularly attractive for its transparency, fast funding, and support for various trading platforms, including MT5, cTrader, and DXtrade. This accessibility allows both manual and automated strategies to thrive under fair, clearly defined rules.

Its rulebook emphasizes fair play, prohibiting manipulative practices like hedging across accounts, latency exploitation, or account rolling. Combined with a 4.5-star Trustpilot rating and transparent customer policies, BrightFunded provides an appealing balance between structure and security. It’s a strong choice for disciplined traders looking to scale confidently.

💳 Challenge Fee €55 – €975
👥 Account Types 2-step
💰 Profit Split 80% – 100%
💵 Account Size $5K – $200K
⏱️ Time Limit No time limit
🎯 Profit Target 8%
📊 Trading Platforms cTrader, DXTrade, MT5
🛍️ Asset Types Forex, Commodities, Indices, Crypto
  • Up to 100% profit split with a 15% challenge phase bonus.
  • Fast 24-hour payouts and weekly withdrawal options.
  • Supports EA, algorithmic, and swing trading strategies.
  • No time limits or consistency requirements.
  • Reliable support and transparent trading rules.
  • News trading is restricted during a 10-minute event window.
  • Profit deductions are possible for rule violations.
  • Limited instrument range compared to older firms.
  • Requires activity every 30 days to keep the account active.
  • Refund process may vary based on account type.

Rebels Funding

#2

Rebels Funding

Editor’s Rating

4.2

N/A

Start Challenge

Account Types

1-step, 2-step, 3-step, 4-step, and instant funding

Trading Platforms

RF-Trader

Profit Target

5% – 10%

Our take on Rebels Funding

RebelsFunding stands out for its no-time-limit challenges and simple progression system across multiple programs. Traders can choose from one- to four-phase models with consistent 5–10% profit targets, flexible funding sizes, and transparent drawdown rules. This design suits disciplined traders who value freedom over deadlines.

Its pricing is among the most competitive in the industry, offering up to 200% fee refunds and 80–96% profit rewards. For Canadian traders, the wide account range and straightforward rules set make it accessible for both beginners and professionals seeking scalable trading capital.

Some users report platform lag during active sessions, though the firm’s team actively responds and resolves issues publicly. Overall, RebelsFunding delivers strong transparency, fair conditions, and supportive customer service for those focused on sustainable trading growth.

💳 Challenge Fee €26 – €650
👥 Account Types 1-step, 2-step, 3-step, 4-step, and instant funding
💰 Profit Split 75% – 90%
💵 Account Size $1K – $320K
⏱️ Time Limit No time limit
🎯 Profit Target 5% – 10%
📊 Trading Platforms RF-Trader
🛍️ Asset Types Forex, Crypto, Energies, Metals, Equities, Indices
  • No time limits, allowing traders to progress at their own pace.
  • High potential refunds of up to 200% on training fees.
  • Clear profit targets and transparent drawdown limits.
  • Wide selection of account sizes and funding options.
  • Responsive customer support addressing trader feedback.
  • The platform can experience lag during heavy trading hours.
  • Does not permit automated or EA trading systems.
  • Payouts and scaling plans depend on consistent monthly results.

FundedNext

#3

FundedNext

Editor’s Rating

4.6

N/A

Start Challenge

Account Types

1-step, 2-step, and Instant Funding

Trading Platforms

MT4, MT5, cTrader, Match Trader

Profit Target

4% – 10%

Our take on FundedNext

FundedNext has become one of the most recognized global prop trading firms, offering up to 95% profit splits and a wide choice of account models. It includes Stellar 1-Step, 2-Step, Lite, Instant, and a newly launched futures plan. FundedNext’s no-time-limit challenges and instant reward system appeal to traders who value flexibility and rapid funding.

For Canadian traders, FundedNext provides accessibility, transparent rule sets, and flexible weekend and overnight holding across most account types. The firm also supports EAs and trading bots on MT4 and MT5, making it an attractive option for algorithmic and hybrid traders. However, it enforces strict anti-gambling and anti-arbitrage policies to maintain fair market behavior.

The platform is praised for reliability, fast payouts, and a strong Trustpilot rating of 4.5 stars from over 48,000 reviews. Its advanced risk rules and instant funding options make it a strong choice for disciplined traders seeking structured growth under clear compliance standards.

💳 Challenge Fee $32 – $1,099
👥 Account Types 1-step, 2-step, and Instant Funding
💰 Profit Split 80% – 95%
💵 Account Size $2K – $200K
⏱️ Time Limit No time limit
🎯 Profit Target 4% – 10%
📊 Trading Platforms MT4, MT5, cTrader, Match Trader
🛍️ Asset Types Forex, Indices, Commodities, Crypto, CFDs, Futures
  • Up to 95% profit split with 15% performance bonus in the challenge phase.
  • No time limit for completing evaluations.
  • EAs and bots are allowed on MT4/MT5 with proper customization.
  • Overnight and weekend trading permitted on most account models.
  • Fast payouts, transparent rulebook, and a proven global reputation.
  • A complex prohibited strategy list may confuse beginners.
  • News trading profits are partially limited under the News Reward Rule.
  • EA trading is not supported on cTrader or Match-Trader platforms.
  • Strict monitoring of high-frequency and latency strategies.
  • Refund eligibility and consistency rules vary by plan.

FTMO

#4

FTMO

Editor’s Rating

4.8

N/A

Start Challenge

Account Types

Normal, and Swing Trader

Trading Platforms

MT4, MT5, cTrader, DXTrade

Profit Target

5% – 20%

Our take on FTMO

FTMO is one of the most established names in proprietary trading, recognized for its strict evaluation process and exceptional trader support. It offers capital up to $200,000 with profit splits reaching 90%, along with professional development through Quantlane, its institutional-level trading arm. The two-step FTMO Challenge + Verification helps traders build consistency before managing real capital.

For Canadian traders, FTMO stands out for its credibility, transparent rules, and global accessibility. Both news trading and overnight positions are allowed during the challenge phase, while the Swing Account permits full flexibility without weekend restrictions. This mix of structure and freedom makes it ideal for experienced and disciplined traders aiming for long-term growth.

FTMO maintains one of the industry’s best reputations, holding a 4.8-star Trustpilot rating from more than 30,000 reviews. Its reliable payouts, dedicated performance-coaching resources, and clear rulebook reinforce its status as a benchmark among the best prop firms Canada list.

💳 Challenge Fee €89 – €1,080
👥 Account Types Normal, and Swing Trader
💰 Profit Split 80% – 90%
💵 Account Size $10K – $200K
⏱️ Time Limit No time limit
🎯 Profit Target 5% – 20%
📊 Trading Platforms MT4, MT5, cTrader, DXTrade
🛍️ Asset Types Forex, Commodities, Indices, Stocks, Crypto
  • Up to 90% profit split with transparent performance tracking.
  • Regarded as one of the most trusted and compliant global prop firms.
  • Flexible trading on forex, stocks, indices, commodities, and crypto.
  • The Swing Account allows weekend and news trading without limits.
  • Excellent trader education, analytics, and risk-management tools.
  • Strict loss-limit rules may challenge aggressive trading styles.
  • News and weekend restrictions apply to standard FTMO Accounts.
  • Two-phase evaluation takes longer than instant-funding models.
  • Limited maximum leverage compared with newer prop firms.
  • Refundable challenge fees can feel high for small accounts.

 

Funded Trading Plus

#5

Funded Trading Plus

Editor’s Rating

4.6

N/A

Start Challenge

Account Types

1-Step, 2-Step, and Instant Funding

Trading Platforms

MT5, cTrader, Match Trader, DXTrade

Profit Target

6% – 10%

Our take on Funded Trading Plus

Funded Trading Plus offers one of the most flexible programs among the best prop trading firms Canada, giving traders the freedom to choose between 1-phase, 2-phase, or instant funding models. Each plan provides clear targets, a fair drawdown limit, and a profit split of up to 100%. The firm’s Experience and Prestige programs are designed for fast, transparent evaluations without unnecessary restrictions.

The firm supports all major platforms, including MT5, DXtrade, and cTrader, with no hard limit on lot size or trading duration. Traders can hold positions overnight or over the weekend and receive payouts as quickly as seven days after their first trade. For Canadians, this accessibility and fast withdrawal process make FTP especially appealing.

Its risk management standards ensure a sustainable trading environment. While FTP allows EAs and automated systems, it strictly prohibits copy trading, cross-account hedging, and unrealistic high-risk practices. The firm actively monitors accounts to maintain realistic, professional-level trading behavior.

With a 4.6-star Trustpilot rating and a growing global community, Funded Trading Plus is trusted for fairness, quick funding, and consistent payouts. Canadian traders seeking flexible challenges and transparent performance tracking will find it an excellent all-around choice.

💳 Challenge Fee $119 – $4,500
👥 Account Types 1-Step, 2-Step, and Instant Funding
💰 Profit Split 80% – 100%
💵 Account Size $5K – $200K
⏱️ Time Limit No time limit
🎯 Profit Target 6% – 10%
📊 Trading Platforms MT5, cTrader, Match Trader, DXTrade
🛍️ Asset Types Forex, Indices, Commodities, Metals, Crypto
  • Up to 100% profit split with fast 7-day payouts.
  • Supports MT5, DXtrade, and cTrader with no trade duration limits.
  • EAs allowed; strong focus on responsible risk management.
  • Multiple challenge models to fit any trading style.
  • Transparent and beginner-friendly evaluation structure.
  • Strict stance against copy trading and multi-account hedging.
  • Some programs have relatively high entry fees.
  • Payouts may be delayed if flagged for risk review.
  • Profit withdrawals require compliance with trading behavior checks.
  • Customer support response times can vary during high demand.

Topstep

#6

Topstep

Editor’s Rating

4.4

N/A

Start Challenge

Account Types

Trading Combine

Trading Platforms

TopstepX

Profit Target

6%

Our take on Topstep

Topstep stands out as one of the best futures prop firms Canada traders can join, offering a structured, skill-building path for futures professionals. Its Trading Combine® program helps traders prove consistency and discipline before earning real funding, with payouts possible in as little as two days after qualification.

With over 12 years in the industry and more than 80,000 payouts issued in 2024, Topstep emphasizes education and risk control. Traders can start with $50K, $100K, or $150K buying power, paying monthly until they pass the evaluation. Once funded, they enjoy fast payouts and access to the Express Funded Account program for instant activation.

The platform offers extensive educational tools, including TopstepTV, live coaching, and performance tracking. Canadian traders benefit from transparent rules, simple pricing, and support for multiple contracts across futures products like the S&P 500, NASDAQ, and Crude Oil. While bots and EAs aren’t supported yet, its clean interface and real-time data tools make manual trading efficient.

Topstep’s consistency-focused approach encourages traders to build lasting habits rather than chase quick profits. With fair loss limits, instant payout deductions, and daily trade monitoring, it remains a trusted choice for disciplined futures traders aiming for long-term growth and professional development.

💳 Challenge Fee $49 – $149
👥 Account Types Trading Combine
💰 Profit Split 90% – 100%
💵 Account Size $50K – $150K
⏱️ Time Limit No time limit
🎯 Profit Target 6%
📊 Trading Platforms TopstepX
🛍️ Asset Types Forex, Commodities, Indices, Futures
  • Long-standing reputation with 12+ years of futures funding experience.
  • Fast payouts and Express Funded Accounts for immediate activation.
  • Affordable monthly plans starting at just $49.
  • Robust trader education via TopstepTV and free coaching sessions.
  • Transparent evaluation with fair drawdown and loss limits.
  • No support for bots or automated trading tools.
  • Limited to futures markets only.
  • An activation fee is required after passing the evaluation.
  • Occasional technical issues with charting tools.
  • A consistency rule can slow down aggressive trading strategies.

Alpha Capital Group

#7

Alpha Capital

Editor’s Rating

4.6

N/A

Start Challenge

Account Types

1-step, 2-step, 3-step

Trading Platforms

MT5, cTrader, DXTrade, TradeLocker

Profit Target

4% – 10%

Our take on Alpha Capital Group

Alpha Capital has quickly risen among the best prop firms Canada traders can join, offering flexible evaluation paths with funding up to $200,000. Its three-step “Analyst Journey” helps traders grow skills gradually, starting with simulated challenges and advancing to a Qualified Analyst account with up to 80% profit sharing.

The firm’s transparency and unlimited trading days give traders the freedom to perform at their own pace. Alpha Capital’s partnership with ACG Markets provides a professional, institutional-grade environment. It ensures realistic execution speeds and deep liquidity, a major plus for Canadian traders seeking high-quality trading conditions.

Canadian traders can choose from one-step, two-step, or swing evaluations with leverage up to 1:100, and no commission fees. Alpha also allows Expert Advisors (EAs) on MT5, provided they’re pre-approved. However, high-frequency trading, arbitrage, and group hedging are strictly prohibited to maintain market integrity.

Although news trading restrictions apply to funded accounts, Alpha Capital rewards discipline and flexibility through on-demand or biweekly payouts. Its balanced structure, fair rules, and personalized 1-on-1 risk reviews make it one of the best-funded prop firms in Canada for traders focused on consistency and growth.

💳 Challenge Fee $40 – $1,097
👥 Account Types 1-step, 2-step, 3-step
💰 Profit Split 80%
💵 Account Size $5K – $200K
⏱️ Time Limit No time limit
🎯 Profit Target 4% – 10%
📊 Trading Platforms MT5, cTrader, DXTrade, TradeLocker
🛍️ Asset Types Forex, Commodities, Indices
  • Up to 80% profit share with multiple funding tiers.
  • No commission fees and unlimited trading days.
  • Institutional-grade liquidity through ACG Markets.
  • MT5 support with EA compatibility (pre-approval required).
  • Flexible 1-step, 2-step, and swing account options.
  • News trading is limited around release windows.
  • The EA approval process can take time.
  • KYC verification delays are reported by some users.
  • High-frequency and group trading are strictly prohibited.
  • Limited transparency on customer service response times.

Earn2Trade

#8

Earn2Trade

Editor’s Rating

4.5

N/A

Start Challenge

Account Types

1-step

Trading Platforms

NinjaTrader 8, Finamark, R | Trader Pro

Profit Target

6% – 7%

Our take on Earn2Trade

Earn2Trade is one of the longest-running futures prop firms, trusted by traders worldwide, including many Canadian traders, for its structured career path and focus on education. It offers two main programs: the Trader Career Path® (TCP) and The Gauntlet Mini™, both designed to evaluate trading discipline and consistency in simulated futures markets.

The Trader Career Path® features a tiered system starting from $25K up to $100K virtual accounts. Traders can upgrade to $400K live accounts as they hit profit milestones. Each plan requires 10 active trading days, adherence to drawdown limits, and compliance with the daily loss and position size rules. Copy trading is strictly forbidden to ensure fairness and transparency.

The Gauntlet Mini™ is aimed at intraday traders who prefer faster evaluations. It requires only 10 trading days and focuses on risk control under realistic live-market conditions. Both programs restrict holding overnight positions, reinforcing a disciplined intraday trading approach that mimics professional futures environments.

Earn2Trade distinguishes itself through its educational foundation, including the Beginner Crash Course, risk management lessons, and market structure training. With a 4.7-star Trustpilot score, crypto payout options, and real brokerage partnerships, it remains a highly credible choice for traders who want structured growth and verified funding opportunities.

💳 Challenge Fee $68 – $550
👥 Account Types 1-step
💰 Profit Split 80%
💵 Account Size $25K – $200K
⏱️ Time Limit No time limit
🎯 Profit Target 6% – 7%
📊 Trading Platforms NinjaTrader 8, Finamark, R | Trader Pro
🛍️ Asset Types Futures (indices, energy, metals, and more)
  • Offers both fast-track (Gauntlet Mini) and growth (Trader Career Path) programs.
  • Transparent rules emphasizing risk management and consistency.
  • Real broker partnerships and live funded account progression.
  • Strong educational resources and crypto-friendly payouts.
  • No overnight trading allowed.
  • Trade copiers and group trading are strictly prohibited.
  • Requires strict adherence to drawdown and position size rules.
  • Multiple accounts need separate emails and data feeds.
  • Limited flexibility for swing traders.

E8 Funding

#9

E8 Markets

Editor’s Rating

4.5

N/A

Start Challenge

Account Types

E8 One, E8 Classic, and E8 Track

Trading Platforms

MT5, cTrader, Match Trader, TradeLocker

Profit Target

4% – 8%

Our take on E8 Funding

E8 Markets stands out as a flexible and globally accessible prop trading firm that funds traders across forex, futures, and crypto. The firm offers multiple evaluation types: 1-Step, 2-Step, and 3-Step, giving traders freedom to choose between faster payouts or a more structured path to funding.

The E8 One and E8 Signature programs are popular for their simplicity and low targets. With just a 6% profit goal and up to 100% payouts, they’re ideal for confident traders who want quick access to capital. Meanwhile, the E8 Classic and E8 Track plans suit those who prefer gradual progression and lower risk exposure.

Traders can use EAs, martingale, or discretionary strategies, as long as each account remains unique. Copy trading between personal and funded accounts is allowed, but team or shared strategy trading is not. The firm enforces strict rules against all-or-nothing trading, excessive hedging, and high-frequency abuse to protect platform fairness.

E8 also allows trading around news events during evaluations, though a 5-minute restriction applies in live accounts. With fast payouts, multi-market access, and trader-friendly flexibility, E8 Markets is a strong choice for experienced traders seeking realistic conditions and reliable funding.

💳 Challenge Fee $40 – $4,460
👥 Account Types E8 One, E8 Classic, and E8 Track
💰 Profit Split 80% – 100%
💵 Account Size $5K – $500K
⏱️ Time Limit No time limit
🎯 Profit Target 4% – 8%
📊 Trading Platforms MT5, cTrader, Match Trader, TradeLocker
🛍️ Asset Types Forex, Commodities, Indices, Crypto, Energy
  • Supports Forex, Futures, and Crypto markets.
  • Flexible evaluations (1-Step, 2-Step, 3-Step).
  • Up to 100% profit payout and low profit targets.
  • Allows EAs and custom strategies.
  • Transparent policies with strong risk monitoring.
  • News trading is restricted in live accounts.
  • Hedging and team trading are strictly prohibited.
  • Consistency monitoring may delay withdrawals.
  • Activation fees after passing the evaluation.
  • Limited educational resources for beginners.

The5ers

#10

The 5ers logo

Editor’s Rating

4.9

N/A

Start Challenge

Account Types

1-step, 2-step, 3-step

Trading Platforms

MT5, cTrader

Profit Target

5% – 10%

Our take on The5ers

The5%ers is one of the most respected prop trading firms in the industry, known for its transparency, scalability, and trader-first approach. With over 250,000 traders and nearly a decade of experience, it stands out for offering instant funding and long-term growth programs for disciplined traders.

The firm’s three main models: Hyper Growth, High Stakes, and Bootcamp, cater to different trading styles. Hyper Growth offers direct funding with no time limits, while High Stakes provides a classic two-step evaluation with balanced risk. Bootcamp is an affordable three-step plan designed for traders who want structured progress toward live funding.

Traders can scale up to $4 million in capital with profit splits reaching 100%. News trading is allowed on most plans, except for bracket orders during major announcements. The5%ers also promotes fairness through clear stop-out rules and strict limits against arbitrage, scalping bots, and high-frequency trading.

Its reputation for fair play, 24/7 support, and top-tier funding conditions has earned it one of the highest Trustpilot ratings in the industry (4.8 stars). For Canadian traders and others seeking realistic growth under professional conditions, The5%ers delivers a stable and transparent path to funded success.

💳 Challenge Fee $39 – $850
👥 Account Types 1-step, 2-step, 3-step
💰 Profit Split 50% – 100%
💵 Account Size $5K – $250K
⏱️ Time Limit No time limit
🎯 Profit Target 5% – 10%
📊 Trading Platforms MT5, cTrader
🛍️ Asset Types Forex, Indices, Commodities, Crypto
  • Transparent programs with unlimited trading time.
  • Instant funding and scalable capital up to $4M.
  • Profit split up to 100% for top performers.
  • Flexible risk rules and a fair evaluation process.
  • 24/7 global support and educational resources.
  • High Trustpilot score (4.8★ from 18,000+ reviews).
  • Strict limits on arbitrage, bulk trading, and EAs.
  • No copy trading or shared strategy allowed.
  • Limited leverage (1:10–1:30) compared to peers.
  • Some payouts may take up to a week to process.

For Traders

#11

For Traders

Editor’s Rating

4.3

N/A

Start Challenge

Account Types

1-step, 2-step, 3-step, and Instant Funding

Trading Platforms

MT5, cTrader, TradeLocker

Profit Target

2% – 20%

Our take on For Traders

For Traders is a rapidly growing prop trading firm that emphasizes transparency, flexibility, and accessibility for traders worldwide. With over 60,000 users across 130 countries, the firm offers realistic funding opportunities in forex, crypto, and futures through modern platforms such as MetaTrader 5, cTrader, and TradeLocker.

Its evaluation programs include One-Step, Two-Step, Three-Step, and Instant Master, catering to both beginners and professionals. Profit targets start as low as 6–9%, with profit splits of up to 90–100% and no time limits. Traders also benefit from fast crypto payouts and a 48-hour reward guarantee, ensuring quick access to earned profits.

For Traders enforces strict trading discipline through clear rules. Practices like arbitrage, high-frequency trading, grid systems, and bot usage are prohibited. However, traders can hedge within a single account, trade during news events, and hold positions over weekends, offering flexibility without compromising fairness.

The firm’s reputation continues to grow due to its fast payouts, raw spreads, and 24/7 support. For Traders is a solid choice for Canadian traders and global users seeking an affordable, low-barrier path to consistent funded trading.

💳 Challenge Fee $20 – $713
👥 Account Types 1-step, 2-step, 3-step, and Instant Funding
💰 Profit Split 80% – 90%
💵 Account Size $3K – $100K
⏱️ Time Limit No time limit (180 days for 3-step challenge)
🎯 Profit Target 2% – 20%
📊 Trading Platforms MT5, cTrader, TradeLocker
🛍️ Asset Types FX, Metals, Indices, Energy, Crypto, Futures
  • Multiple account types for forex, futures, and crypto.
  • Profit split up to 100% with bi-weekly or on-demand payouts.
  • No time limits on trading evaluations.
  • Transparent rules and 48-hour payout guarantee.
  • Allows weekend trading and news trading.
  • No automated or EA-based trading allowed.
  • Strict risk rules (e.g., 40% margin and 5-second frequency limits).
  • Violations can result in immediate account termination.
  • Limited educational content for advanced traders.

Funding Pips

#12

Funding Pips

Editor’s Rating

4.3

N/A

Start Challenge

Account Types

1-step, 2-step, and Instant Funding

Trading Platforms

MT5, cTrader, Match Trader

Profit Target

5% – 10%

Our take on Funding Pips

Funding Pips is one of the fastest-growing prop trading firms globally, with over 1.5 million traders from 195+ countries. The firm combines transparency, flexibility, and advanced technology to create a trader-focused ecosystem where individuals can scale up to $300,000 in simulated capital and earn up to 100% payouts.

Funding Pips offers several evaluation models: Zero, 1-Step, and 2-Step, each tailored to different experience levels. The 2-step “Student & Practitioner” model has moderate profit targets (5–8%) and daily loss limits of 5%, making it accessible for traders at all stages. Once traders reach the Master Stage, they can select payout cycles ranging from on-demand to monthly, with flexible reward splits between 80% and 100%.

Traders can use MetaTrader 5, Match-Trader, or cTrader and enjoy high leverage (up to 1:100). News and weekend trading are allowed with some restrictions during specific reward cycles. However, Funding Pips prohibits high-frequency trading, latency arbitrage, grid systems, copy trading, and third-party EAs, ensuring fair performance evaluation.

With a 4.5-star Trustpilot rating and a reputation for reliable payouts, Funding Pips stands out as a modern, trader-built firm offering both accessibility and professionalism. It’s an excellent choice for Canadian traders and global users seeking straightforward rules, competitive pricing, and flexible reward options.

💳 Challenge Fee $29 – $529
👥 Account Types 1-step, 2-step, and Instant Funding
💰 Profit Split 80% – 100%
💵 Account Size $5K – $100K
⏱️ Time Limit No time limit
🎯 Profit Target 5% – 10%
📊 Trading Platforms MT5, cTrader, Match Trader
🛍️ Asset Types FX, Metals, Indices, Energy, Crypto, CFD
  • Up to 100% profit split and customizable reward cycles.
  • Supports MT5, cTrader, and Match-Trader platforms.
  • Allows news and weekend trading (with cycle-based rules).
  • High leverage (1:100) and quick payout processing.
  • Strong global trader community with over 1.5M members.

 

  • Strict restrictions on third-party EAs and copy trading.
  • Profits near high-impact news may be excluded.
  • No refunds for rule violations or prohibited practices.
  • Occasional slippage reported during volatile periods.
  • Limited educational content compared to older firms.

The Trading Pit

#13

The Trading Pit

Editor’s Rating

4.2

N/A

Start Challenge

Account Types

1-step, 2-step

Trading Platforms

cTrader, MT4, MT5, Tradovate, Quantower, R | Trader Pro, NinjaTrader 8

Profit Target

5% – 8%

Our take on The Trading Pit

The Trading Pit has earned a strong global presence as a prop trading firm focused on transparency, growth, and trader education. With over 10,000 active monthly accounts and €8M+ in rewards, it offers CFD, Forex, and Futures programs accessible to traders in 180+ countries. This includes Canadian traders seeking reliable funding opportunities.

Its Prime Challenge gives traders a choice between 1-phase and 2-phase evaluations, balancing speed and flexibility. Profit targets range from 8–10%, with daily drawdowns of 4–5% and an 80% profit split. Payouts are processed every 14 days, and accounts can scale up by 25% every two months for consistent performance.

Futures traders benefit from clear rules and no overnight positions, while CFD traders can hold trades over weekends and even trade crypto 24/7 on cTrader. This flexibility helps Canadian traders diversify their strategies without unnecessary restrictions.

Beyond funding, The Trading Pit stands out for its educational support, offering webinars, ebooks, and podcasts that help traders refine their skills and trading psychology. The firm’s 4.4-star Trustpilot rating highlights its strong reputation and commitment to long-term trader success.

💳 Challenge Fee $49 – $1,139
👥 Account Types 1-step, 2-step
💰 Profit Split 80%
💵 Account Size $5K – $200K
⏱️ Time Limit 30 – 60 – 90 days
🎯 Profit Target 5% – 8%
📊 Trading Platforms cTrader, MT4, MT5, Tradovate, Quantower, R | Trader Pro, NinjaTrader 8
🛍️ Asset Types CFDs, Futures, Stocks
  • Fast bi-weekly payouts and 25% account scaling.
  • 80% profit split with transparent risk rules.
  • Extensive educational resources and community support.
  • Allows weekend and crypto trading for CFD accounts.
  • No weekend trading for Futures accounts.
  • Copy trading and HFT are strictly prohibited.
  • Swap commissions can be high on some pairs.
  • The 21-day inactivity rule may close the account.
  • Limited custom setup for challenge parameters.

Elite Trader Funding

#14

Elite Trader Funding

Editor’s Rating

3.7

N/A

Start Challenge

Account Types

Static, 1-step

Trading Platforms

Tradovate, Rithmic, NinjaTrader 8, TradingView

Profit Target

6% – 10%

Our take on Elite Trader Funding

Elite Trader Funding is a flexible choice for Canadian traders looking to access futures funding with minimal barriers.  Its Beginner, Intermediate, Expert, and Master plans cater to all experience levels, offering low-cost evaluations and static or trailing drawdown models depending on preference.

ETFs’ appeal lies in their no-restriction news trading policy, unlimited trading days, and transparent evaluation structure. Traders can trade on platforms like NinjaTrader, Rithmic, and Tradovate without limits on trading frequency or holding positions overnight. For those ready to skip evaluations, the Master plan provides instant access to a live simulated account.

The firm allows approved trade copiers, provided they meet compliance standards, and encourages consistency over aggression. While payouts occur within structured limits, traders who show discipline and steady growth may qualify for the LIVE ELITE program. This allows them to trade real capital after meeting payout and activity milestones.

ETF’s 100% satisfaction guarantee and straightforward rules make it beginner-friendly, though reviews highlight mixed feedback on its risk thresholds and payout restrictions. Still, for traders seeking flexibility and realistic scaling paths, it remains one of the more accessible futures funding options available.

💳 Challenge Fee $57 – $697
👥 Account Types Static, 1-step
💰 Profit Split 90% – 100%
💵 Account Size $10K – $250K
⏱️ Time Limit No time limit
🎯 Profit Target 6% – 10%
📊 Trading Platforms Tradovate, Rithmic, NinjaTrader 8, TradingView
🛍️ Asset Types Futures Markets
  • Multiple funding paths, including instant “Direct to Funded.”
  • No restrictions on trading news or holding overnight positions.
  • Compatible with major futures platforms.
  • Low-cost evaluations starting under $60.
  • 100% satisfaction guarantee on first purchase.
  • Strict account reset rules after risk violations.
  • Payout caps before Live Elite transition.
  • No refunds after account breaches.
  • Lower Trustpilot rating (3.6 stars) compared to top competitors.
  • Limited educational content for newer traders.

3. How we selected the best prop firms for Canada

Finding the right prop firm in Canada requires more than just scanning profit splits or flashy marketing. Our goal was to spotlight firms that combine transparency, flexibility, and trader-first values. After comparing dozens of providers, gathering feedback, and testing multiple programs firsthand, these are the core factors that shaped our selection:

  • Regulatory transparency and credibility: Each firm’s structure, policies, and trader feedback were thoroughly reviewed. Those that operate openly, maintain ethical practices, and uphold a strong reputation within the trading community earned a place on our list.
  • Funding programs and flexibility: We focused on how accessible and adaptable each program is, from entry-level evaluations to scalable funding paths. Firms offering instant funding, flexible account sizes, or performance-based progression stood out.
  • Profit splits and payout reliability: Fast, fair, and verifiable payouts were key. Only firms consistently delivering 80–100% profit splits with transparent, smooth withdrawal processes are ranked among the best.
  • Trading conditions and platform variety: Stable execution and fair pricing make a difference for serious traders. We favored firms that support MetaTrader, cTrader, or TradeLocker, offering low spreads, realistic leverage, and minimal slippage for Canadian traders.
  • Risk management and fair evaluation rules: Challenge structures were evaluated for balance, achievable profit targets, reasonable drawdowns, and rules that reward discipline over luck. Firms that foster consistent performance ranked higher.
  • Trader support and educational resources: Beyond funding, the strongest firms offer real guidance. Comprehensive learning tools, active communities, and responsive support teams helped distinguish firms that genuinely care about their traders’ growth.

Overall, this selection reflects firms that put traders first, blending opportunity with integrity. These are the partners Canadian traders can rely on to grow sustainably and trade with confidence in today’s evolving markets.

4. Key considerations for Canadian traders

Before joining any prop firm, Canadian traders should look beyond profit splits or challenge prices. Trading internationally involves more than performance; it requires understanding taxes, payout logistics, and platform suitability. Taking time to assess these factors ensures smoother funding and fewer surprises later on.

  • Regulatory and tax implications: Most prop firms operate globally and fall outside Canadian financial regulations. This means traders are responsible for reporting earnings to the Canada Revenue Agency (CRA) as self-employed income. Keeping accurate records of payouts, fees, and expenses is essential to avoid compliance issues.
  • Payout methods and currency conversion: Not all firms support direct CAD withdrawals, so check whether payments are made via bank transfer, PayPal, or crypto. Firms that offer flexible payout options and low exchange fees help you keep more of your earnings when converting from USD or EUR.
  • Risk management and consistent performance: Short-term profits mean little without control. Firms assess traders based on consistency and risk management, not luck. Using stop losses, managing drawdowns, and maintaining steady returns helps protect your funded account and build trust with the firm.
  • Choosing the right platform and trading style: Each platform fits different needs,  Rithmic or NinjaTrader for futures, MetaTrader or cTrader for forex and CFDs. Matching your trading style to the right tools ensures better execution and long-term results, especially for active or automated strategies.
  • Understanding the evaluation process and rules: Every prop firm has unique guidelines on daily profit limits, position sizing, and drawdowns. Some restrict news trading or weekend positions. Reading and understanding these rules thoroughly prevents accidental violations that could cost your account.
  • Tracking goals and performance: A structured trading journal helps you evaluate results and stay accountable. Track your trades, adjust strategies, and set clear trading goals that focus on steady improvement rather than short bursts of profit.
  • Challenge costs and fees: Fees vary across firms, from one-time evaluation charges to per-trade commissions. Comparing these costs in advance helps ensure your trading plan remains profitable after expenses.

By planning carefully and managing risk effectively, Canadian traders can choose prop firms that support both financial growth and compliance, setting a strong foundation for long-term trading success.

5. How to succeed with a funded account: From challenge to payout

Earning a funded account is exciting, but keeping it is where true skill shows. Many traders pass the challenge only to lose focus once real money is on the line. 

Based on our experience analysing top-performing traders, here’s a practical roadmap to help you stay consistent and reach your first payout confidently.

How to succeed with a funded account
How to succeed with a funded account

5.1. Follow a structured path to success

Start simple: choose a firm that aligns with your strategy and personality. Pass the evaluation phase by trading patiently and respecting drawdown limits. Once funded, think like a professional, protect capital first, profits second. Keep emotions in check, and remember: consistency always beats short bursts of luck.

5.2. Prioritise risk management and consistency

The fastest way to lose funding is overtrading or ignoring drawdown rules. Keep risk per trade under 1–2% and stick to your plan even when tempted to scale up too quickly. From what we’ve seen, funded traders who last the longest are those who value slow, steady growth over instant gratification.

5.3. Use the tools that fit your trading style

If you’re into algorithmic trading, test your EA or automation thoroughly before going live. Ensure the firm supports your platform, whether MetaTrader, cTrader, or NinjaTrader. Small bugs or execution delays can cost you a payout, so always verify compatibility in a demo environment first.

5.4. Keep learning and stay connected

Leverage the firm’s educational resources and interact within its trading community. You’ll often find practical tips from traders facing the same challenges,  from handling slippage to managing stress. In our experience, traders who stay active in these spaces tend to progress faster and recover quicker from setbacks.

5.5. Think long-term: Scaling and sustainability

Once you start getting payouts, focus on building a sustainable path forward. Most firms offer scaling programs with larger capital and better profit splits for consistent traders. Treat each account as a stepping stone; every payout proves your discipline, not just your skill.

5.6. Track performance like a professional

Keep a detailed trading journal with notes on setups, mistakes, and outcomes. Regularly review your win rate, average R: R ratio, and emotional triggers. Traders who document their process tend to spot weaknesses early and avoid account closure caused by repeated errors.

Success with a funded account is about preparation, discipline, and mindset. Treat your account like your own business, and you’ll not only earn steady payouts but also build the foundation for a professional trading career.

6. Best prop firms in Canada Reddit

When Canadian traders discuss the best prop firms Canada Reddit, a few names repeatedly emerge as the most trusted. Threads in r/Forex and r/PropFirms reveal that traders prioritise safety, transparent profit splits, and fast payouts. The community often agrees that FTMO, The5%ers, Funding Pips, and E8 Funding are among the most trader-friendly and reputable options.

FTMO, The5%ers, Funding Pips, and E8 Funding are among the most trader-friendly and reputable options
FTMO, The5%ers, Funding Pips, and E8 Funding are among the most trader-friendly and reputable options

FTMO consistently ranks as the safest and most established choice. Redditors praise its clear evaluation process, smooth payout methods, and reliable trading platforms like MetaTrader.

The5%ers and Funding Pips follow closely in user recommendations. Traders highlight The5%ers for its steady growth model and realistic risk management, while Funding Pips earns praise for quick payouts and excellent customer support.

The5%ers and Funding Pips follow closely in user recommendations
The 5%ers and Funding Pips follow closely in user recommendations

Overall, the Reddit community values prop firms that combine transparency, reliable payouts, and fair rules. The consensus places FTMO, The5%ers, Funding Pips, and E8 Funding as the best prop trading firms in Canada. It was based on their credibility, supportive environments, and consistent performance across the Canadian financial market.

7. FAQs

Yes, prop firms are legal in Canada. These companies operate globally and provide funding to traders who complete an evaluation process. Since they use simulated accounts rather than client deposits, they’re not regulated like traditional brokers. Still, traders should research each firm’s transparency and reputation before joining.

Absolutely. Earnings from prop trading are considered self-employment income by the Canada Revenue Agency (CRA). You’re responsible for reporting all payouts, regardless of whether they’re received in CAD, USD, or crypto. Keeping organised records of profit splits, trading fees, and withdrawals will make tax filing easier and more accurate.

Many proprietary trading firms permit algorithmic trading, but each sets its own rules. Firms like E8 Markets, FundedNext, and FTMO allow Expert Advisors (EAs) on MetaTrader or cTrader, while others restrict high-frequency or latency trading. Always confirm your firm supports your preferred tools before funding an account.

Some prop trading firms support multiple asset classes within the same account, while others specialise. For instance, Topstep focuses on futures, while Apex and The5%ers offer forex and CFDs. If you prefer a mix of asset variety, look for firms offering flexible trading platforms and broad market access.

Most prop firms process payouts within 24 to 72 hours after approval. Some firms, like BrightFunded or Funded Trading Plus, even offer same-day withdrawal methods. To avoid delays, complete identity verification early and follow each firm’s profit split and payout rules closely.

Breaking the drawdown limit or other trading rules usually leads to account termination. Since most firms use simulated accounts, rule violations reset your progress in the evaluation process. Always track your risk and follow proper risk management techniques; keeping daily losses under control is key to staying funded.

Some of the best prop firms in Canada for forex trading include Apex Trader Funding, E8 Markets, FundedNext, and FTMO. These firms offer competitive profit splits, strong trading platforms, and a trader-friendly approach to leverage and funding. Each also provides educational tools to help traders refine their trading strategies.

Earnings vary widely based on performance and firm structure. Successful traders often earn performance-based rewards through consistent payouts and scaling programs. With profit splits between 80–100%, many full-time traders make between $2,000 to $10,000+ monthly, depending on trading style and account size.

Most firms charge a challenge fee or evaluation fee, which can range from $100 to over $500, depending on the account size. Additional trading fees may apply, including commissions, resets, or data feed charges. Always review pricing details and refund policies before starting your challenge.

Consistency and discipline. The traders who thrive are those who follow their trading plan, use solid risk management, and treat prop trading like a professional business. Leverage your firm’s educational resources, engage in the trading community, and aim for steady growth over impulsive wins; that’s how real longevity is built in proprietary trading.

8. Conclusion

Finding the best prop firms Canada comes down to matching your trading style with the right structure, rules, and payout reliability. Firms like FTMO, The5%ers, Funding Pips, and E8 Funding continue to stand out for their fair profit splits and strong funding options that support both beginners and experienced traders.

If you’re serious about building long-term success in proprietary trading, take time to study each firm’s evaluation process, trading conditions, and support structure. A disciplined approach, combined with the right trading strategies, can help you progress from challenge to consistent profitability.

Ready to explore beyond the Canadian market? Discover H2T Funding‘s full guide to the Best Prop Firms worldwide, a detailed comparison of top-rated funding programs designed to help traders succeed on a global scale.

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