Best Prop Firms in Canada

We’ve ranked BrightFunded the best prop trading firm for Canadian traders because our researchers cant find another that competes with its customisable challenges, Trade2Earn loyalty program, and unlimited scaling plan. You can pick from various account sizes up to $200K but its not overcomplicated with too many challenges options. You can also tailor your account with different add-ons, such as faster payouts and higher profit splits.

To drop your challenge fees, you can use the promo code PROPFIRMS20 for 20% off.

Canadian traders can access a funded account with BrightFunded after completing two step evaluation process. Account sizes are pretty standard ranging from $5,000 to $200,000, and profit splits start at 80% but scale all the way up to 100%.

Experienced traders can use cTrader or MT5, and beginners DxTrade, with forex spreads on both platforms going as low as 0 pips. With its unique scaling and rewards program, and all the tools you need regardless of experience level, BrightFunded is a great all rounder prop firm.

Challenges and Fees

BrightFunded offers a simple two step evaluation process with clear profit targets and risk management requirements, keeping things nice and simple.

1. Step 1 (Evaluation Phase): To pass the first step you need to reach an 8% profit target, while also staying within a 5% daily drawdown limit plus a 10% maximum drawdown cap. You have to trade for a minimum of five days before you move to the second step.
2. Step 2 (Verification Phase): After passing the first step, you then need to trade for another five days at least, but your profit target is harder at 5%, with the daily and max drawdown staying the same as step one.

Once you pass the two evaluation stages, you will receive your funded demo account. Over time you can scale your profit share up to 100% by hitting certain milestones, and earn tokens when you trade via the Trade2Earn program.

BrightFunded offers several paid add-ons. These are optional, but allow you to personalise your challenge and funded account.

• Weekly Payouts: Reduce your profit payout intervals to 7 days for a 25% fee.
• Higher profit splits: Immediately increase your profit share to 90% for a 20% fee.
• No minimum Trading Days: Scrap the 5 day min trading day requirement for a 15% fee.
• Swap-free Accounts: Access swap-free trading for a 10% fee (made for Islamic prop traders).

Spreads and Trading Costs

BrightFunded is not aligned with a broker, instead the prop firm aggregates market data from top tier liquidity providers to simulate realistic trading conditions. During testing our team found forex spreads can be as low as 0 pips, and for popular currency pairs like EUR/USD, AUD/USD, or GBP/USD, average spreads are 0.1 pips, which is in line if not lower than most broker backed prop firms.

Similar to CFD brokers, you pay a $3 commission per lot when trading forex, while crypto trading costs 0.024% of the trading volume. Commission for commodities is 0.0010% of trading volume, and indices are commission free. 

Funded Accounts and Payouts

After successfully completing the evaluation, you can start trading with your funded account where you receive a profit share and can scale up.

• Profit Splits: Start at 80%, scaling to 100% as you meet performance milestones.
• Scaling Plan: Account balances increase by 30% every four months if you consistently trade (ie you must be profitable in at least 2 out of 4 months with at least 2 profit payouts).
• Payout Process: Bi-weekly payouts are standard, but you can get weekly payouts if you buy the add-on. Payouts are processed via crypto wallets (e.g., USDC ERC-20) or bank transfers, with no minimum withdrawal amount.

Trading Platforms and Markets

Market and platform access is solid with BrightFunded, and you can choose from MetaTrader 5 (MT5), cTrader, or DXtrade:

• MT5 has just been introduced giving you advanced charting, fast execution, and full support for automated trading with Expert Advisors.
• cTrader is designed for the experience manual and algorithmic traders of the prop world. You get advanced features like Level II pricing, fast execution, and support for C#-based automated strategies. It’s best if you prefer more control or plan to build your own EAs.
• DXtrade is a more flexible platform ideal for beginners, along with discretionary and hybrid traders. It includes built-in risk management tools, custom layouts, and multi-chart views, with a user-friendly interface that keeps things simple.

Challenges and funded accounts are a simulated trading environment on both platforms, meaning you are trading via a demo account but with real market data.

The financial markets you can trade cover everything you need, with especially strong foreign exchange and crypto offerings, and leverage is high compared to other prop firms.

• Forex: 49 currency pairs, including majors like EUR/USD and exotics like USD/ZAR, with leverage up to 1:100.
• Commodities: Includes gold, silver, crude oil, and natural gas with high leverage for this asset class, up to 1:40.
• Indices: Global indices like S&P 500, FTSE 100, and DAX 30 with leverage up to 1:20.
• Cryptocurrencies: 36 cryptos including the majors like Bitcoin and Ethereum, max leverage 1:5 (most prop firms offer 1:2 so good option for crypto traders).

Trust and Support

BrightFunded has built a strong reputation in the prop trading industry, and is known for transparent policies and active community engagement.

• TrustPilot Score: Trustscore of 4.6 out of 5 stars, with many positive reviews about its fast payouts and solid customer support.
• Community: Over 16,000 members in its Discord server. There are active channels for strategy sharing, trader support, and educational resources. Provides a lot of educational value.
• Support Availability: 24/7 customer service via email, live chat, and WhatsApp. Our team found it helpful and responsive, with genuine responses to our questions around spreads etc.

Final Verdict

Our team found BrightFunded to be the best prop firm in Canada because of its overall trading experience. From evaluation to funded trader status, the rules and requirements were clear, with opportunities along the way to scale up and earn real rewards for trading. While some prop firms make it hard at every step, BrightFunded offers a solid and genuine prop trading experience where you feel supported and given the tools to pass challenges.

OANDA Prop Trader, the prop trading branch of the popular OANDA brand, is one of the cheapest prop firms with a simple set up for beginners. You can choose between two challenge models, Boost or Classic, and account sizes up to $500,000. Both models involve a two step evaluation before receiving your funded account, and all trading is via MetaTrader 5.

Fees are as low as $35, and you can use the coupon code PROPFIRMS to get 20% off your fees.

OANDA is a good option for beginner prop traders in Canada wanting a simple two step challenge without an overwhelming number of modifications or options. Profit splits are decent between 80% and 90%, and spreads are pretty competitive too.

Challenges and Fees

OANDA Prop Trader keeps things nice and simple with two models, Classic and Boost. The main differences between the two are fees, drawdown type, and profit split.

Classic challenges have a fixed profit share at 80%, whereas with the Boost challenge you start at 80% but increase to 90% after your first profit payout.

There’s quite a big difference between fees, with Classic Challenges starting at $35 for a 5K account, and Boost starting at $99 for a 10K. Both models have a max account size of 500K, which is much higher than most prop firms.

One of the biggest difference between the challenges is the Classic uses a trailing drawdown, while the Boost has a static drawdown, meaning risk limits don’t increase as your profits grow.

1. Classic Challenges: Great for beginner traders wanting low challenge fees and reasonable risk requirements.
2. Boost Challenges: Designed for the more experienced prop traders wanting higher payouts and don’t mind stricter risk limits.

Both challenges have strict news trading rules, where you can’t trade two minutes before or after major events. You also must trade at least once every 20 days to keep your challenge or funded account active.

A nice perk is that when you pass the challenge, you will get your initial fee is refunded when you receive your first payout as a funded trader. This means if you are successful, the challenge doesn’t end up costing you anything.

Spreads and Trading Costs

Being a broker backed prop firm, OANDA has competitive spreads and a simple fee structure with commission free trading. 

Spreads for major forex pairs like EUR/USD start at 1.1 pips, while pairs such as USD/JPY average around 1.4 pips. As there’s no commission attached to this, its an easy intro for beginners.

Profit Payouts

The minimum withdrawal is $200 which is slightly higher than some prop firms, and payouts are paid every 14 days which is a bit slower than others too. But, they make up for it with letting you use bank transfer, Skrill, and Neteller to withdraw funds, and you can even transfer your balance to an OANDA brokerage account.

Trading Platforms and Markets

OANDA Prop Trader only offers MetaTrader 5 (MT5). While you don’t get a choice of platforms, you do get one of the most popular trading platforms with all the tools you need.

If you aren’t similar with MT5, you can trade manually or but its the best to run automated strategies with Expert Advisors. The platform also comes with 21 timeframes, advanced charting tools, Depth of Market, and an integrated economic calendar.

While trading tools are great, markets are limited compared to some other prop firms. You get access to forex, indices, and commodities, but no crypto.

• Forex: 36 pairs with leverage up to 1:100
• Indices: 15 global indices with leverage up to 1:50
• Commodities: 5 markets including gold, silver, and crude oil with leverage up to 1:50

Trust and Support

OANDA Prop Trader is a branch of the globally recognised OANDA brand. As OANDA is a licensed and regulated broker, it adds another level of trust to its prop trading services.

However, it is important to note that prop trading is not regulated, and you don’t receive the same protection as you would with their CFD trading services.

• Reputation: A Trustpilot score of 4.3 out of 5 stars, based on hundreds of reviews. We found a lot of good reviews around the MT5 offering and pricing.
• Customer Support: Email and live chat support available, though live chat availability can be inconsistent and there were a few bad reviews around customer support quality.
• Educational Materials: Educational resources through OANDA Labs include tools like order books, sentiment indicators, and platform tutorials.

Final Verdict

OANDA Prop Trader is a good option if you are a beginner trader in Canada, but it may be a little limited for anyone more experienced. Fees are low, profit splits are decent, and trading tools are solid, but if you’ve already completed a few challenges, you might not love the limited product range and commission structure.

DNA Funded is a broker-backed prop firm from Australia that is popular among the more experienced prop traders thanks to its tight spreads, fast execution, and low challenge fees. One of the biggest perks is its huge product range with over 800 markets. You also get a great bunch of add-ons to tailor your funded account, and profit splits up to 90%.

Use promo code PROPFIRMS25 to get 25% off your evaluation fee, making it even more affordable to start trading.

Backed by DNA Markets, an ASIC regulated forex broker, DNA Funded gives you some of the most reliable trading conditions and lowest pricing. There’s three challenge types including a rapid option, one step, or two step evaluation.

During testing DNA Funded also ranked as the second best crypto prop firm, second best prop firm for stock trading, and fourth best for forex, thanks to its range of markets, showing its a great option for anyone wanting to focus on multiple asset classes.

Challenges and Fees

You get a great range of challenges with DNA Funded, not too many to confuse you but enough to cover everything from a quick challenge to a two step evaluation.

1. Single Helix Challenge: A one-step evaluation with unlimited trading days, making it ideal if you are swing trading or a position trader.
2. Double Helix Challenge: A two-step evaluation suited to disciplined traders who aren’t in a rush as there’s again no max trading days.
3. Rapid Challenge: For the more experienced traders, well-suited to high frequency traders and scalpers. You have a max of 10 days to complete the challenge and crypto trading is not available for this specific challenge.

All challenges have a minimum of three trading days, but each has different add-ons available. The one step allows you to reduce the payout period to a week, the two step you can increase your profit split to 90%, while the Rapid challenge lets you do both.

Spreads and Trading Costs

Thanks to being broker backed by DNA Markets, the prop firms spreads and commission fees are some of the most competitive in the industry.

• Spreads: Starting from 0 pips for major forex pairs like EUR/USD.
• Commission Fees: A low $5 per trade roundturn (ie $2.50 per side).

Profit Payouts

Once you pass the evaluation process, you can access your funded account. Unless you buy the add-on for weekly payouts, you will be able to withdraw profits every 14 days, with a minimum withdrawal of $200. Payment methods are standard with bank transfers and cryptocurrency.

It is important to point out, that when we tested DNA Funded’s challenges we found there is a 40% daily profit cap is applied across all challenges that could be easy to miss when signing up.

This means you can only contribute up to 40% of your total payout target from profits made in a single day. As it’s associated with a regulated broker, they have slightly stricter compliance requirements.

Refunds of challenge fees are issued after the first profit payout, which means if you pass there’s zero capital outlay.

Trading Platforms and Markets

DNA Funded supports TradeLocker with a TradingView integration, so while a little restricted you get all the charting and analysis tools you need. One major restriction that will take DNA Funded off the list of possible prop firms for some, is that automated trading is not currently supported, this means no EAs. 

But, they make up for it with one of the best range of trading instruments available worldwide. You can develop strategies with over 800 trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies.

Leverage is also decent but depends on challenge type. Maximum leverage is 50:1 for forex, 10:1 for commodities, indices, and stocks, and 2:1 for cryptocurrencies.

Trust and Support

DNA Funded gains a lot of credibility through partnering with DNA Markets, a well-regulated forex broker and the prop firms liquidity provider.

They are limited in terms of educational resources at this stage, but are building their Discord server with channels for trader discussions and education. Customer support is still currently limited to email, with plans to expand to live chat and other channels.

Final Verdict

DNA Funded is one of the strongest all-round prop firms if you want access to more than just forex. Backed by DNA Markets, you get tight spreads, low commissions, and reliable trading conditions from a regulated broker. The three challenge types cover different trading styles, whether you want a fast evaluation, a single step, or a full two step process.

FundedNext is a great pick for Canadian traders who want choice in how they get funded. You can go for a one-step challenge with fast payouts or choose a two-step option with cheaper fees. Both offer up to 95% profit splits, with classic Stellar Models also receiving a 15% profit share during the evaluation phase.

Use promo code PROPFIRMS for a 120% refund after your first payout.

FundedNext lets you work towards a funded account via a one or two step challenge, with account sizes from $5,000 to $200,000. Profit splits start at 80% and scale up to 95%, and you even receive a 15% profit split during the challenge phase, which is nearly unheard of. We tested the prop firms Stellar Two Step challenge on MT5, and it took around two months to pass both phases and receive a funded account. It’s one of the best all-rounder prop firm’s we’ve traded with, earning it 3rd place on our shortlist for Canadian traders.

Challenges and Fees

FundedNext has recently trimmed down its challenge options, which we believe is a good move. They’ve streamlined things into three challenge types, with a one step or two step evaluation.

1. Stellar One Step: A single-phase evaluation with a 10% profit target, 3% daily loss limit, and 6% overall drawdown. Includes a 15% profit share during the challenge and payouts just 5 days after passing. Fees range from $65 to $1,099.
2. Stellar Two Step: A two-phase challenge with 8% and 5% profit targets. Drawdown limits increase to 5% daily and 10% overall. Like the 1-Step, this model includes a 15% profit share during the challenge. Fees range from $59 to $999.
3. Stellar Lite: A lower-cost two-phase challenge with profit targets of 8% and 4%, and drawdowns set at 4% daily and 8% overall. No profit share during the challenge phase, but bi-weekly payouts after funding. Fees start at just $32.

You can also add optional upgrades like:

• No minimum trading days for a 20% fee
• A 10% overall drawdown for a 25%
• Bi-weekly payouts for a 15% fee
• Lifetime 95% payout for a 30% fee

Spreads and Trading Costs

When we tested FundedNext we found spreads for major forex pairs like EUR/USD could range anywhere from 0 pips to 1 pip. Commission fees depend on your account type. For Stellar One or Two Step challenges its $5 per lot on forex and commodities, while for Stellar Lite accounts is $7 per lot for both asset classes.

Funded Accounts and Payouts

FundedNext offers one of the fastest payout schedules in the industry, with profit splits up to 95% for funded traders, and 15% while you are taking Stellar challenges.

• Stellar One Step: First payout 5 business days after passing
• Stellar Two Step: First payout after 30 days, then bi-weekly
• Stellar Lite: First payout 21 days after funding, then bi-weekly
• Minimum Withdrawal: $20 (crypto-only if under $50)
• Scaling Plan: Grow your account by 40% every four months (up to $4 million) if you hit a 10% return and receive two payouts during that period

Trading Platforms and Markets

You can choose from four popular trading platforms, so there should be something for everyone.

• MetaTrader 4 (MT4): Ideal for forex trading and EAs
• MetaTrader 5 (MT5): Multi-asset trading with TradingView integration
• cTrader: Manual trading with Level II market depth (not available on 100K+ accounts)
• Match-Trader: Web-based, mobile-friendly option with fast setup

When we tested FundedNext, we used MT5 and had a good experience. One thing we did notice though was we had to constantly refresh the dashboard for updated stats otherwise there was a significant lag which could get you in trouble.

We focused on forex trading USD/JPY during our challenge, but you can also trade:

• Forex: 50 pairs, including majors, minors, and exotics.
• Indices: 18 global indices.
• Commodities: 5 key assets like gold and crude oil.
• Cryptocurrencies: 10 coins, including BTC and ETH.
• Leverage: Up to 100:1 for forex, 50:1 for indices, and 2:1 for crypto.

Trust and Support

FundedNext has a strong Trustpilot rating and online community, including hundreds of thousands of Discord members.

• TrustPilot Score: 4.6 out of 5 stars, with plenty of positive reviews around support and pricing
• Customer Support: 24/7 live chat and email assistance, we found our questions were always answered quickly
• Educational Resources: Trading guides, psychology sessions, and a YouTube channel with a decent range of training videos

Final Verdict

FundedNext is ideal if you want a payout during the challenge period, fast payments, and an up to 95% profit splits as a funded trader. When testing this prop firm, it took about two months to complete the Stellar Two Step challenge, and we found pricing to be competitive and support to be helpful along the way.

Funded Prime is newer than most prop firms on this list, but it adds more variety than you normally see. You can choose a quicker one step, take the slower two step route, trade only equities, or go after higher volatility with meme coins. It’s one of the few firms where the challenges feel built for different types of traders rather than minor variations of the same thing.

Funded Prime keeps its setup simple, but the details change a lot once you look at each model. Some are built for speed, others for structure, and a couple are aimed at more niche markets that most prop firms ignore.

Challenges and Fees

Funded Prime has four different challenge models, with two of them being quite unique niche challenges:

• Meme Coin Challenge: Ideal if you want exposure to high volatility tokens like PEPE, WIF, and TRUMP without needing a crypto exchange account. It’s a one step model with higher leverage of 10:1 on meme coins than you’ll get anywhere else.
• One Step Challenge: A quicker route to funding, suited if you prefer a straight shot at passing without multiple steps. It’s simple but carries the standard drawdown rules you’d expect.
• Two Step Challenge: A more traditional option for those who like a structured process. It spreads the evaluation across two steps, making it a better fit if you’re disciplined and don’t mind taking a bit more time to secure your funded account.
• Stock Challenge: Perfect if you are an equity trader who only want to focus on shares. It keeps things straightforward with a one step evaluation but limits you to stock markets only.

Optional add-ons include faster payouts (7 days instead of 14) and higher profit splits (increases from 80% to 90%).

Spreads and Trading Costs

Funded Prime uses Eightcap’s live pricing feed and commission fees are generally competitive as you are paying on opening only for forex, commodities and indices:

• Forex, Indices, Commodities: $5 per lot, opening only.
• US Stocks: $2 per lot per side.
• Other Stocks: 0.1% of volume.
• Crypto and Meme Coins: 0.1% of volume.

Forex and US stock fees are competitive, while crypto and meme coin costs add up on larger trades.

Funded Accounts and Payouts

Once you reach the funded stage, profit payouts are quick but capped by consistency rules.

• Profit Splits: 80%, or you can bump up to 90% with add on.
• Payout Frequency: First withdrawal after 14 days, then every cycle, except two step which is 7 days by default.
• Minimum Withdrawal: $100, processed in 1 to 2 days.
• Daily Profit Cap: 30% of payout (40% for meme coin accounts).

Trading Platforms and Markets

Funded Prime supports two main trading platforms with DxTrade and TradeLocker available:

• DXTrade: Available for one and two step challenges. Supports fast execution and Expert Advisors.
• TradeLocker: Works across all challenges, offering advanced charting and algo trading tools.

Markets include forex, indices, commodities, stocks, crypto, and meme coins.

Leverage is 1:50 on forex, 1:10 on indices and commodities, 1:5 on stocks, 1:1 on standard crypto, and 10:1 on meme coins.

Trust and Support

Funded Prime launched in 2023 so it’s still establishing its community and support services.

• Community: Growing presence on Discord, X, TikTok, and Instagram.
• Customer Support: Limited to ticket system and FAQs, no live chat yet.

Final Verdict

Funded Prime is a solid choice if you want flexible challenge options alongside niche markets. It lacks MT4 and MT5 and keeps crypto leverage low, but it offers fair rules, competitive costs, and reliable payouts for Canadian traders so will suit some.

ThinkCapital is our top pick for traders seeking affordable and flexible evaluation challenges. Its three challenge types cater to different trading styles, offering profit splits of up to 90%. With competitive fees starting at $39 and platforms like MT5 and ThinkTrader, ThinkCapital provides a user-friendly and cost-effective path to funded accounts.

ThinkCapital is a broker-backed prop trading firm offering account sizes ranging from $5,000 to $200,000. Its three challenge types—Lightning, Dual Step, and Nexus—provide a variety of evaluation processes tailored to traders’ experience levels.

ThinkCapital’s transparency and low fees make it ideal for both beginners and experienced traders.

Challenges and Fees

ThinkCapital’s evaluation challenges are designed to accommodate diverse trading styles:

1. Lightning Challenge: A one-step evaluation with a 10% profit target. Leverage is set at 1:30, and fees range from $39 to $949. This challenge is ideal for quick funding with minimal complexity.
2. Dual Step Challenge: A two-step evaluation requiring an 8% profit target in Phase 1 and 5% in Phase 2, with 1:100 leverage. Fees range from $59 to $949, making it a balanced choice for intermediate traders.
3. Nexus Challenge: A three-step evaluation with an 18% cumulative profit target. Leverage is set at 1:100, and fees range from $39 to $649, catering to experienced traders focused on advanced risk management.

Add-ons include access to Expert Advisors, higher profit splits, and weekly payouts, enhancing flexibility for traders.

Spreads and Trading Costs

ThinkCapital’s trading costs vary depending on the platform:

• ThinkTrader: Zero commission but slightly wider spreads, starting at 0.8 pips for major pairs like EUR/USD.
• MT5: Raw spreads from 0.0 pips with a $4 commission per lot (round trip). This platform is ideal for scalping or high-frequency trading.

Both trading platforms provide competitive pricing, but the choice depends on whether you prioritize lower spreads or a commission-free structure.

Funded Accounts and Payouts

Upon passing the evaluation, traders can access funded accounts with the following features:

• Profit Splits: Up to 90%, with scaling plans that increase account size by 20% every three months for consistent performance.
• Payout Frequency: Default bi-weekly payouts, with a weekly payout option available as an add-on.
• Payment Methods: Currently limited to cryptocurrency, with bank transfers expected to be introduced soon.

The firm’s scaling plan allows traders to grow their accounts from an initial $200,000 to a maximum of $1 million, rewarding long-term consistency and profitability.

Trading Platforms and Markets

ThinkCapital supports two advanced trading platforms:

• MetaTrader 5 (MT5): Popular for its raw spreads, automated trading capabilities, and advanced charting tools.
• ThinkTrader with TradingView: Offers intuitive charting and a user-friendly interface, making it a great choice for manual traders.

Markets include forex, commodities, indices, and cryptocurrencies, with leverage tailored to the challenge type.

Forex pairs, such as EUR/USD and GBP/JPY, are offered with leverage up to 1:100 for Dual Step and Nexus accounts. Commodities like gold and oil are available with leverage up to 1:30.

Trust and Support

ThinkCapital has built trust through its transparent trading rules and reliable payout processes.

• Reputation: A Trustpilot score of 4.5/5 reflects user satisfaction with its straightforward evaluations and fast payouts.
• Community: The firm hosts a 9,000-member Discord server, offering spaces for strategy sharing and trader collaboration.
• Customer Support: Customer service is available via live chat and email, ensuring quick resolution of inquiries.

Final Verdict

ThinkCapital is an excellent choice for Canadian prop traders seeking low-cost challenges and flexible evaluation options. While its reliance on cryptocurrency payouts and smaller community may deter some, the firm’s affordable fees, competitive profit splits, and advanced trading platforms make it a strong contender.

Blueberry Funded is one of the highest-rated prop firms in Canada, offering four structured challenges from just $32.50. You can trade over 1,100 instruments, including forex, crypto, and stocks, with leverage up to 1:50 and payouts every 14 days. It’s also the best stock prop firm in this list, thanks to its dedicated Stock Challenge for equity traders.

Use promo code PROPFIRMS20 to get 20% off your first challenge.

Blueberry Funded is the sixth-best prop firm for Canadian traders, earning a strong 93/100 overall score in our prop firm testing. It made our list thanks to its low entry fees, four challenge types, and access to over 1,100 instruments, including forex, crypto, and stocks.

With payouts every 14 days and a clear scaling model that reaches up to $2 million, it’s one of the most flexible and cost-efficient options for Canadian prop traders.

Challenges and Fees

Blueberry Funded’s four challenge types offer options for speed, simplicity, or stock-focused evaluations:

• 1 Step Challenge: 10% target, no time limit, static drawdown
• 2 Step Challenge: 10% (P1), 5% (P2), more breathing room
• Rapid Challenge: 5% target in 7 days, trailing drawdown
• Stock Challenge: Two-step with 10% + 6% targets, 1:10 leverage, and a consistency rule for payouts

Fees start at just $32.50, making Blueberry Funded one of the most affordable firms.

Spreads and Trading Costs

Blueberry Funded keeps trading costs low:

• Forex: Raw spreads from 0.1 pips, with a $7 round-turn commission ($3.50 per side).
• Stocks: $2 round-turn (via Stock Challenge)
• Crypto, commodities, indices: No commission

Spreads on AUD/USD and EUR/USD beat the industry average, and there are no “swap-free” fees or platform add-ons. Pricing is transparent and competitive, especially if you’re trading forex.

Funded Accounts and Payouts

After completing the evaluation process, traders gain access to funded accounts with the following benefits:

• Profit Splits: Start at 80% and can scale to 90% based on performance.
• Payout Frequency: Every 14 days, with a $100 minimum withdrawal.
• Refunds: Challenge fees are refunded after the first profit withdrawal.

Trading Platforms and Markets

Blueberry Funded supports four platforms, offering flexibility for different trading styles:

• MetaTrader 4 (MT4): Simple UI, EA support, ideal for forex traders.
• MetaTrader 5 (MT5): Required for stock trading, with added tools and timeframes.
• DXTrade: Browser-based, good for multi-asset strategies.
• TradeLocker: Clean mobile/web experience for quick order execution.

Markets include a wide variety of instruments, providing opportunities for diversification:

• Forex: 45 currency pairs, up to 1:50 leverage depending on challenge.
• Commodities: Gold, silver, crude oil and more at 1:10 leverage.
• Indices: 14 global indices with 1:10 leverage.
• Cryptocurrencies: 52 assets including BTC and ETH with 1:2 leverage.
• Stocks: 1,000+ US shares tradable only via the Stock Challenge.

Trust and Support

Blueberry Funded has earned trust through consistent payouts and responsive support.

• Reputation: Trustpilot rating of 4.1/5 from over 300 reviews.
• Community: Active Discord with 27,000+ members sharing strategies and insights.
• Support: 24/5 live chat and email support with helpful response times.

Final Verdict

Blueberry Funded is one of the most flexible and cost-effective prop firms for Canadian traders. You get multiple challenge styles, access to every major market, and fair conditions backed by a regulated broker. Its low fees, four platform choices, and clear scaling structure make it easy to get started and grow — whether you’re trading forex, crypto, or stocks.

FTMO is a standout choice for traders focused on stock trading, offering access to major global stocks like Apple, Amazon, and Tesla. With a variety of account types—Standard, Aggressive, and Swing—it caters to different trading styles and risk preferences. The prop trading firm’s structured evaluation process, profit splits up to 90%, and automatic scaling plan make it a top pick for aspiring traders in Canada.

FTMO is a well-established prop trading firm known for its transparent evaluation process and flexibility. It offers funded accounts ranging from $10,000 to $200,000, with a unique scaling plan that allows accounts to grow up to $2 million.

FTMO’s focus on share trading, combined with access to forex, indices, commodities, and crypto, makes it a versatile option for traders.

Challenges and Fees

FTMO offers two account types designed to match different trading styles and risk preferences: Standard and Aggressive. Both accounts require traders to complete a two-phase evaluation process before accessing a funded account.

1. Standard Account: This option is ideal for traders seeking a balanced approach, with a profit target of 10% in Phase 1 and 5% in Phase 2. It comes with a maximum daily loss limit of 5% and an overall loss cap of 10%.
2. Aggressive Account: Designed for high-risk traders aiming for larger rewards, this account type requires profit targets of 20% in Phase 1 and 10% in Phase 2. The daily loss limit is 10%, while the overall loss cap is 20%.

Both account types offer funded account sizes ranging from $10,000 to $200,000, ensuring options for traders with varying goals.

Spreads and Trading Costs

FTMO provides tight spreads across all its markets, especially for forex and stock traders.

• Forex: EUR/USD spreads start at 0.22 pips, with a $3 commission per standard lot (round trip).
• Stocks: Commission is 0.0040% of the trading volume.
• Commodities and Cryptocurrencies: Competitive spreads with varying commission structures.

FTMO operates with direct market access (DMA), ensuring realistic trading conditions by mirroring trades on its own live accounts.

Funded Accounts and Payouts

After completing the evaluation, traders gain access to funded accounts with the following benefits:

• Profit Splits: Standard profit splits start at 80% and can increase to 90% through consistent performance.
• Payouts: Flexible payout requests can be made every 14 days, processed within 1–2 business days.
• Scaling Plan: Accounts increase by 25% every four months for traders achieving a 10% profit without breaching risk limits.

This structured growth pathway is ideal for traders focused on long-term profitability.

Trading Platforms and Markets

FTMO supports trading across multiple platforms, catering to both beginner and advanced traders. Whether you prefer the simplicity of MT4 or the advanced tools of cTrader, FTMO provides flexible options to suit different trading styles.

• MetaTrader 4 (MT4): Known for its user-friendly interface and support for automated trading.
• MetaTrader 5 (MT5): Offers advanced charting tools, economic calendar integration, and more assets for analysis.
• cTrader: Aimed at professional traders with advanced features like Depth of Market and custom automation.
• DXTrade: A flexible, web-based trading platform designed for multi-asset trading.

FTMO provides access to a wide range of markets, ensuring flexibility for various trading strategies:

• Stocks: Includes top global stocks like Apple, Tesla, and Amazon, ideal for traders focusing on equity markets.
• Forex: Offers 28 currency pairs, including majors, minors, and exotics like EUR/USD and USD/ZAR.
• Indices: Trade indices like US30 (Dow Jones), GER40 (DAX), and UK100 (FTSE 100) with competitive spreads.
• Commodities: Access popular commodities such as gold, silver, and oil for diversification.
• Cryptocurrencies: Includes Bitcoin, Ethereum, and other major cryptocurrencies for high-volatility trading opportunities.

FTMO’s diverse market options, combined with its advanced trading platforms, make it a versatile choice for traders looking to build strategies across multiple asset classes.

Trust and Support

FTMO has earned a stellar reputation with a 4.9/5 Trustpilot rating based on over 5,000 reviews.

• Community: Active social media presence with over 200,000 followers on Instagram and other platforms.
• Support: 24/7 multilingual customer service via live chat, phone, and email.
• Education: A range of educational resources, including trading tutorials, market analysis, and performance coaching.

Final Verdict

FTMO is the go-to prop firm for Canadian traders interested in share trading. Its access to global stocks, competitive evaluation process, and scaling plan make it an excellent choice for traders aiming to grow their accounts while honing their trading skills.

Funded Trading Plus (FTP) is an excellent choice for traders seeking flexibility, offering instant funding accounts alongside one-phase and two-phase challenges. With profit splits starting at 80% and scaling to 100%, and account sizes reaching $200,000, FTP accommodates a wide range of trading goals. Its scaling opportunities allow for account growth up to $5 million, and the customizable payout schedules enhance convenience for traders.

Funded Trading Plus provides three core evaluation programs: One-Phase, Two-Phase, and Instant Funding. Each program offers account sizes between $5,000 and $200,000, with opportunities to scale up to $5 million. The profit splits start at 80% and can be upgraded to 90% or 100% based on performance.

The prop firm also offers add-ons such as faster payouts and increased account sizes, allowing traders to customize their funded experience.

Challenges and Fees

Funded Trading Plus offers three main types of challenges:

1. One-Phase Challenge: A single-stage evaluation with a 10% profit target. Fees range from $119 to $949.
2. Two-Phase Challenge: A two-step evaluation with 8% and 5% profit targets. Fees range from $199 to $1,097.
3. Instant Funding: Immediate access to trading capital without evaluation. Fees range from $225 to $4,500.

All programs include competitive drawdown limits and optional add-ons for increased payouts and scaling.

Spreads and Trading Costs

Funded Trading Plus lacks transparency on spread details, which may make it difficult for traders to estimate costs. Commission fees are clear:

• $7 round-turn commission for forex and commodities.
• No commissions on indices and cryptocurrencies.

This structure may appeal to traders prioritizing simple cost structures, though the lack of spread data is a drawback.

Funded Accounts and Payouts

Traders who complete their evaluations gain access to funded accounts with the following benefits:

• Profit Splits: 80% standard, upgradeable to 90% or 100%.
• Scaling Plan: Accounts can grow in 10% increments, up to $5 million.
• Payout Schedules: Options for payouts every 3, 5, or 7 days.

Refunds on audition fees are issued after the first profit withdrawal.

Trading Platforms and Markets

Funded Trading Plus supports five trading platforms, providing options for different trading styles:

• MetaTrader 4 (MT4) and MetaTrader 5 (MT5): Popular for automated trading and advanced charting.
• Match-Trader: Integrates with TradingView for in-depth analysis.
• cTrader: Advanced features with a $25 usage fee.
• DXTrade: Accessible but with limited functionality.

Markets include 53 instruments spanning forex, commodities, indices, and cryptocurrencies.

Trust and Support

Funded Trading Plus has a strong community and active support channels, though it operates without regulatory oversight.

• Reputation: 4.7/5 on Trustpilot based on 2,163 reviews.
• Community: Over 40,000 members in its active Discord server.
• Customer Support: Available 24/7 via live chat and email (English only).

Final Verdict

Funded Trading Plus is a strong contender for Canadian prop traders, offering instant funding, scalable accounts, and flexible evaluation options. While the lack of spread transparency and platform fees may deter some, its community engagement and clear payout processes make it a dependable choice for scaling your trading operations.

Topstep is a popular prop trading firm for futures traders, offering a structured three-step funding process with no time limits. With 100% profit payouts on the first $10,000 and 90% thereafter, the firm is ideal for those prioritizing flexible account growth and realistic trading rules. The evaluation phases, combined with platform variety and strong community support, make it a standout option for futures-focused prop traders.

Topstep is a proprietary trading firm specializing in futures trading. Based in Chicago, it focuses on preparing traders for live funded accounts through a three-phase evaluation process.

Account sizes range from $50,000 to $150,000, and traders keep 100% of their first $10,000 in profits, with a 90% split thereafter. The firm emphasizes risk management and consistency, offering traders access to industry-standard platforms like NinjaTrader and TradingView.

Challenges and Fees

Securing a funded futures prop trading account involves three steps:

1. Trading Combine: A simulated trading phase with monthly fees starting at $49. Traders aim to meet profit and risk management targets.
2. Express Funded Account: After passing the Combine, traders pay a $149 activation fee and trade in a simulated account earning real profits.
3. Live Funded Account: Successful traders access real capital, with no monthly fees but strict risk limits.

Reset fees apply for rule violations, and market data costs are introduced during live trading.

Spreads and Trading Costs

As a futures-only firm, Topstep eliminates spreads but applies trade-related fees, including:

• Trading Combine & Express Funded: Per-trade fees (e.g., commission, clearing, and exchange fees), which vary by platform.
• Live Funded Account: Monthly market data fees ($135 per exchange) and optional platform costs for advanced features.

The proprietary TopstepX platform offers commission-free trading, making it a cost-effective option during evaluation.

Funded Accounts and Payouts

Topstep’s funded accounts are designed to reward consistent profitability:

• Profit Split: 100% for the first $10,000, then 90%.
• Withdrawals: Traders can request payouts after meeting performance milestones, with daily processing available.
• Scaling: Lot sizes and risk exposure adjust as account balances grow, supporting gradual scaling.

Trading Platforms and Markets

Topstep offers access to a variety of free and paid platforms:

• Free Platforms: TopstepX, Quantower, Tradovate, TradingView, T4.
• Paid Platforms: NinjaTrader, ATAS OrderFlow, and others during live trading.
  Markets include futures contracts across forex, indices, commodities, and metals.

Live traders must also budget for market data fees, which can total $135/month per exchange.

Topstep provides access to 32 futures markets across forex, equity indices, commodities, and metals. Popular instruments include E-mini S&P 500, Crude Oil, and Gold, with options for micro contracts catering to smaller positions.

Leverage is determined by account size, with $50K accounts allowing up to 5 lots and $150K accounts up to 15 lots. Micro contracts offer additional flexibility, enabling up to 50 micro lots for a $50K account. This structure provides scalability while ensuring effective risk management.

Trust and Support

Topstep has built a strong reputation in the trading community, supported by:

• TrustPilot Rating: 4.6/5 from over 5,500 reviews.
• Community: Over 86,000 members on Discord and a dedicated TopstepTV channel.
• Customer Support: 24/7 support available through live chat, email, and WhatsApp.

Final Verdict

Topstep is an excellent choice for futures traders, offering a structured evaluation process and high profit payouts. While the firm’s focus is limited to futures, its transparent rules, strong educational resources, and platform flexibility make it a leading option for those looking to trade futures professionally.