The best prop trading firms in Australia are some of the most well-regarded prop companies in the world. They stand out in terms of offered maximum funding, profit share, and tradable instruments.
Some of the best prop trading companies present on the Australian market include, but are not limited to:
- FTMO
- Blue Guardian
- Funded Trading Plus
- SurgeTrader
- The 5ers
- Fidelcrest
These prop trading firms offer MetraTrader 4 as their primary trading platform, where traders can buy and sell instruments, such as stocks, commodities, currencies, crypto, indices, CFDs, etc.
Each of these firms have a FirmFunded score of 3 out of 5 or above and are rated based on trading platforms, instruments, safety features, educational content, trading and other fees, and customer support, among other factors.
Top 3 Prop Trading Firms In Australia
While the Australian market is home to some of the best prop trading firms in the world, most of them are not based in the country. Rather, due to lax prop trading regulations, they each have access to over 100 countries around the world, offering their services to a diverse community of traders.
FTMO – the safest prop firm overall
Widely regarded as the best prop trading firm in the world in terms of safety and reliability, the Czech Republic-based firm has been around since 2015.
When it comes to trading terms, FTMO offers instruments, such as forex, indices, commodities, stocks and crypto, with a profit share of 90% in favor of the traders.
The fees charged by FTMO are competitive, with the $10,000 account charging $164.
FTMO also comes with useful educational content, such as a blog and webinars for beginner traders.
The customer service of FTMO is also one of the best on the market, with a hotline, support email, and a live chat function via the company’s official website.
Overall, FTMO gets a FirmFunded rating of 4.03 out of 5.
Sign up with FTMO now
Funded Trading Plus – one of the best prop firms around
Another highly rated prop firm, Funded Trading Plus gives traders in Australia the opportunity to gain funding up to $2,5 million dollars, through the firm’s scaling plan from the $250,000 account.
The profit-sharing agreement at Funded Trading Plus allows traders to keep up to 80% of the generated profits.
While FTP’s trading rules are a bit strict, the profit target is also quite attainable at 4%.
The primary trading platform used by FTP is MetaTrader 4, where traders can buy and sell instruments, such as currency pairs, commodities, and cryptocurrencies.
The firm also has affordable account fees, starting at $119 at the lower end, as well as a comprehensive lineup of customer support channels, which includes a hotline, live chat, and official email.
Overall, Funded Trading Plus gets a FirmFunded score of 4.05 out of 5, making it one of the most highly-rated prop trading firms in Australia and beyond.
Sign up with Funded Trading Plus now
Blue Guardian – prop firm with attractive scaling options
Blue Guardian is a proprietary trading firm based in the United Kingdom that also offers its services in Australia.
The firm offers one of the best scaling plans on the market, with the ability to elevate buying power up to $2 million, from the maximum funded account of $200,000.
Blue Guardian also offers MetaTrader 4 to its traders, allowing them to exchange forex, crypto, indices, and commodities, with competitive fees starting at as low as $87 for the $10,000 funded account.
The profit share at Blue Guardian stands at 85%, which becomes available after completing the 2-phase challenge.
Overall, Blue Guardian gets a FirmFunded rating of 3.95 out of 5.
Sign up with Blue Guardian now
Top Prop Trading Firms With AUD Accounts
Due to the fact that most prop trading firms in Australia are based overseas, only a handful of them offer traders the ability to choose AUD as their primary account currency.
Most prop trading firms offer USD and EUR accounts, or GBP in some cases. However, the likes of SurgeTrader do offer the Australian dollar to its clients in the country.
Here’s an overview of the currencies offered by some of the top prop firms in Australia:
| FTMO | Fidelcrest | SurgeTrader | The 5ers | Funded Trading Plus | Blue Guardian | |
|---|---|---|---|---|---|---|
| USD | ||||||
| AUD | ||||||
| GBP | ||||||
| EUR | ||||||
| CAD |
All Prop Trading Firms Available To Australian Traders
The Australian prop trading market is rich with different choices for traders, as some of the best proprietary trading firms offer their services in the country.
Here, we can overview some of the best-rated firms based on FirmFunded scores, as well as highlight their terms, such as the profit-sharing agreement and traded instruments:
- The 5ers – 3.58/5 FirmFunded score. Up to 90% profit share. Maximum $4 million in funding through scaling. Minimum evaluation fee of $39 ($5,000 account). Forex, stocks, and commodities trading available
- Fidelcrest – 3.5/5 FirmFunded score. Profit share up to 90%. Maximum possible funding of $2 million. Minimum audition fee starts at EUR 99 ($15,000 account). Forex, indices, commodities and stocks available
- SurgeTrader – 3.48/5 FirmFunded score. 90% profit share. Maximum possible funding of $1 million. Minimum audition fee starts at $200 ($25,000 account). Forex, indices, commodities, and crypto trading available
- Funded Trading Plus – 4.05/5 FirmFunded score. Profit share up to 80%. Maximum Funding up to $2.5 million through scaling. Minimum audition fee starts at $119 ($5,000 account). Forex, commodities, and crypto trading available
- FTUK – 3.64/5 FirmFunded score. 80% profit share. Maximum $5 million in funding through scaling. Minimum evaluation fee starts at $149 ($14,000 account). Forex, indices, commodities, and crypto trading available
- Bulenox – 3.52/5 FirmFunded score. 90% profit share. Maximum funding of $150,000 available. Minimum audition fee starts at $125 ($10,000 account). Forex, commodities, indices, and crypto trading available
- FTMO – 4.03/5 FirmFunded score. 90% profit share. Maximum funding of $2 million available through scaling. Minimum audition fee of $164 ($10,000 account). Forex, indices, commodities, stocks, and crypto trading available
- Finotive Funding – 3.35/5 FirmFunded score. Up to 95% profit share. Maximum possible funding of $3.2 million. Minimum audition fee starts at $50 ($2,500 account). Forex, indices, crypto, and commodities trading available
It must be noted that this is by no means an exhaustive list, as there are dozens of other prop trading firms that offer their services to Australian traders. These firms are the ones with substantial market presence, track record, and high FirmFunded score.
Head-to-Head Comparison Of Prop Trading Firms In Australia
Top prop trading firms in Australia differ greatly in their trading terms and fees, as well as additional offered content.
We can see the head-to-head comparison of some of the best prop trading firms in Australia to see how each of them stacks up against the competition:
| Prop Firm | FTMO | Blue Guardian | SurgeTrader | Funded Trading Plus | Fidelcrest | The 5ers |
|---|---|---|---|---|---|---|
| Year founded | 2015 | 2017 | 2021 | 2013 | 2018 | 2016 |
| Minimum audition fee | USD 164 | USD 87 | USD 200 | USD 119 | EUR 99 | USD 39 |
| Instruments | Forex, Indices, Commodities, Stocks, Crypto | Forex, Crypto, Indices, Commodities | Forex, Crypto, Commodities, Indices | Forex, Commodities, Crypto | Forex, Indices, Commodities, Stocks | Forex, Stocks, Indices, Commodities |
| Minimum funded amount | $10,000 | $10,000 | $25,000 | $5,000 | $15,000 | $5,000 |
| Scaling | Yes | Yes | Yes | Yes | Yes | Yes |
| Maximum funded amount | $200,000 ($2 million via scaling) | $200,000 ($2 million via scaling) | $1 million | $250,000 ($2.5 million via scaling) | $1 million ($2 million via scaling) | Up to $4 million via scaling |
| Allowed daily loss | 5% | 4% | 5% | 3-4% | 5-10% | 5% |
| Profit target | 10% | 4-8% (1st and 2nd Phases) | 5-10% (1-Phase and 2-Phase) | 10% | 5-20% (Pro and Micro Accs) | 5-10% |
| Max trailing drawdown | 10% | 8% | 8% | 5-8% | 20% | 10% |
| Profit share | 90% | 85% | 90% | 70-80% | 80-90% | 75-90% |
| MetaTrader Available | Yes | Yes | Yes | Yes | Yes | Yes |
| Safety | 5/5 | 3/5 | 3/5 | 3/5 | 3/5 | 1.5/5 |
| Education | 5/5 | 2/5 | 2.8/5 | 2/5 | 2.8/5 | 5/5 |
| Customer Support | 3.6/5 | 4/5 | 3.6/5 | 5/5 | 3.6/5 | 3.6/5 |
| Rules and Limitations | 4.8/5 | 5/5 | 2.9/5 | 4/5 | 3.2/5 | 3/5 |
| Fees | 2.5/5 | 4/5 | 2.5/5 | 5/5 | 4/5 | 4/5 |
| Overall | 4.03/5 | 3.95/5 | 3.48/5 | 4.05/5 | 3.5/5 | 3.58/5 |
| Action | Start now | Start now | Start now | Start now | Start now | Start now |
Australia Prop Firms And Their Supported Languages
The primary interface and customer service language for most prop trading firms is English, which is convenient for Australian traders.
Some prop firms offer multilingual customer support and websites, which is an added advantage for those who wish to use the platforms in their native language.
At the moment, most prop trading firms offer English, Spanish, and French languages on their websites, while some, such as The 5ers, also offer Arabic as an optional language.
| English | Mandarin | Arabic | |
|---|---|---|---|
| Fidelcrest | |||
| Blue Guardian | |||
| SurgeTrader | |||
| Funded Trading Plus | |||
| FTMO | |||
| The 5ers |
Does The ASIC Oversee Prop Trading Companies In Australia?
The Australian Securities and Investments Commission, or ASIC, is the primary regulatory body of financial markets in Australia.
While prop trading firms in Australia are also subject to some regulations from the ASIC, they are largely concerned with risk management and standard KYC and AML procedures, rather than regulations and licenses specifically geared towards proprietary trading firms.
This lax regulatory environment allows prop trading firms to easily offer their services worldwide, barring certain countries that are under international financial sanctions.
While ASIC indeed oversees the prop trading market of Australia, interference is rare. A lack of regulatory oversight could be an issue for some traders, as it can be an opportunity for others.
FAQ On The Best Prop Trading Firms In Australia
What are the best prop trading firms in Australia?
How to choose the best proprietary trading firm in Australia?
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Which Australian prop firm has no challenge fee?
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