Options trading prop firms give traders access to the firm’s capital instead of relying only on their own money. Traders follow the firm’s rules and share a portion of profits. These firms help traders grow faster and reduce personal risk, but each one has different rules, fees, and limits, so choosing carefully is important.
What is a Prop Firm for Options Trading?
- A prop firm gives traders access to the firm’s money to trade, instead of only using their own funds.
- The trader can trade options, stocks, futures, or other assets, depending on what the firm allows.
- In options prop firms, the main focus is on options trading — buying or selling options, spreads, or other options strategies.
- If the trader makes money, the profit is shared between the trader and the firm (for example: 80% to the trader, 20% to the firm).
- Most prop firms require an evaluation or challenge to test a trader’s skill before giving them a funded account.
- Prop firms help traders scale faster because they can trade bigger positions with firm capital.
- The main benefit: lower personal risk and higher earning potential if you are a skilled and disciplined options trader.
10 Best Options Trading Prop Firms
- Funder Trading allows traders to trade stocks and options using the firm’s capital.
- It offers multiple account sizes so traders can choose a level that fits their budget.
- The firm provides a coaching-based evaluation, which means you learn while being evaluated.
- It includes risk-management guidance to help traders avoid large losses.
- The platform offers access to real stock market data, not simulated data.
- Pros: Traders can get access to a large funded account after passing the evaluation.
- Cons: There is an evaluation fee, which might feel expensive for some traders.
- Maverick Trading is a long-established options and equities prop trading firm.
- The firm focuses heavily on options strategies, including spreads, iron condors, and volatility-based trades.
- Traders use the firm’s capital after completing training and meeting performance standards.
- They offer structured training programs for new and experienced traders.
- Risk is managed through clear rules, position sizing, and trade plans.
- Pros: Strong focus on options trading, which is good for traders who want an options-specific prop firm.
- Cons: Requires membership fees and sometimes deposits, which may be expensive for some traders.
- FundedNext offers evaluation programs where you trade simulated capital, and once you meet the rules you can earn access to firm capital.
- There is no set time limit to complete the challenge in many account types you can take your time to meet the profit target.
- You may receive a profit share during the challenge phase itself (e.g., 15%) even before live funding.
- They promise fast payouts (within 24 hours) once you are eligible.
- Pros: High profit-share potential: once funded, you can keep a large portion of profits.
- Cons: Daily loss limits and overall drawdown caps may feel tight for some aggressive strategies.
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- Topstep is best known for futures, but it is now expanding into options trading with tools and educational support to help traders use options more confidently.
- The firm provides account sizes from $50,000 up to $500,000, allowing traders to scale as their skills improve.
- Profit sharing is attractive, with payouts beginning at 80% and increasing to 90% for consistent performers.
- Traders benefit from commission-free trading, which lowers overall costs during both the evaluation and funded phases.
- Pros: Flexibility in account sizes/plans: from smaller capital commitments to larger ones as you grow.
- Cons: Data fees or additional costs may apply which add to your expenses beyond just the subscription.
- DNA Funded provides flexible evaluation and funding choices for options traders, with an emphasis on affordable fees and a trader-friendly structure.
- Default profit-split is around 80% for the trader, with the possibility to increase to up to 90% via add-ons.
- Trading assets span a wide range: forex, indices, commodities, stocks, and crypto (for certain challenge types) via their platform TradeLocker.
- Standard payout cycle is every 14 days, and you can choose an add-on to get payouts every 7 days.
- Pros: Low-cost entry fee in some challenge tiers, which makes it accessible.
- Cons: Some add-ons (like increased profit split, faster payout) cost extra, so the real cost may be higher than the base fee.
Also, you may read 7 best apps to Trade The Most Profitable Traders On Solana
- Willis Capital offers low entry costs, real funded accounts, and clear trading rules, making it easy for new options traders to get started.
- The profit split is 70/30: traders retain 70% of the profits, while Willis Capital retains 30%.
- Withdrawal schedule: first payout is monthly, then subsequent payouts are biweekly.
- Their risk rules require funded traders to set a stop-loss before holding positions over the weekend or during major news events.
- Pros: Flexible payment options, including crypto and regular methods, make it convenient for traders to join.
- Cons: Returns may be slower compared to high-risk, high-reward investment options.
- Offers a robust and well-designed trading platform for active and professional traders.
- Provides traders with access to substantial capital to execute trades and leverage their strategies.
- Access to in-house research, trade ideas, and daily market updates to guide traders.
- Pros: T3 offers access to professional-grade capital, giving traders high buying power for both equities and options.
- Cons: The focus is on professional and experienced traders, which may not be ideal for beginners.
- Equity Edge Analytics is known for its modern technology and strong support, making it ideal for tech-driven options traders.
- It supports multiple trading instruments such as forex, metals, energies, cryptocurrencies, and indices.
- It offers profit split for funded traders (e.g., 80% or 90% of profits) once you pass the evaluation and get a funded account.
- Its innovative tools, analytics focused on performance, high-quality support, and educational resources make it a leading choice for options traders.
- Pros: It helps you make smarter investment decisions because it uses data to show trends and patterns in the stock market.
- Cons: It can be complex to set up, especially if it involves multiple data sources or platforms.
- FundedPrime supports trading forex and stock options, emphasizing education and trader development.
- Traders keep a large percentage of the profits, usually around 80-90%, while FundedPrime takes a small fee.
- Traders need to pass an evaluation to show their skills before being funded.
- FundedPrime offers clear risk management rules, such as daily drawdown limits and overall loss limits.
- Pros: You trade with the company’s money, so there is minimal risk to your personal funds.
- Cons: You need to meet strict rules and targets to get funded, which can be difficult for new traders.
- Maven Trading is known for its flexibility, low costs, and quick payouts—great for options traders at any level.
- Maven Trading uses advanced algorithms to automate trading decisions and execute orders quickly.
- They rely on big data analytics to guide trading strategies and improve decision-making.
- The company provides accounts starting at $15, with no required trading days, an 80% clear profit share, and payouts every 10 business days.
- Pros: Automated systems allow for faster and more efficient execution of trades, minimizing delays.
- Cons: The systems are highly complex, making it harder for beginners to understand and use them effectively.
Conclusion
When choosing a prop firm for options trading, it’s important to ensure the firm supports options, has a clear fee structure, and offers favorable profit splits and payouts.
Consider risk management rules, scalability options, and the availability of tools and education. Ensure the firm accepts traders from your region and select one that aligns with your trading style and goals.
What is a Prop Firm for Options Trading?
A prop firm for options trading provides capital to traders in exchange for a profit share. Traders must pass an evaluation, and the firm sets risk rules while offering tools and platforms.
Do all prop firms allow options trading?
No, not all prop firms support options trading. Some focus on futures, stocks, or forex. It’s important to check if the firm specifically allows options trading.
How do prop firms make money from options trading?
Prop firms make money by taking a percentage of traders’ profits and may charge fees for account setup, evaluations, or monthly subscriptions.
Do I need to pass an evaluation to join a prop firm?
Many prop firms require traders to pass an evaluation that tests their skills, risk management, and profitability before providing live trading capital.
