35 Brokers Tracked

Prop Firm Brokers & Liquidity Providers

Q: Can I trade on a prop firm's live market?

Most prop firms operate simulated/demo environments that mirror live market conditions through their broker's data feed. A few firms (like The 5%ers) route funded traders to live accounts with real market execution.

See which brokers and liquidity providers power every major prop trading firm. The underlying broker directly affects your execution quality, spreads, and slippage.

30 of 35 firms have documented broker information.

Institutional Liquidity Provider

Used by 3 firms

3 firms

FTMO

Blue Guardian

For Traders

Tradovate

Used by 3 firms

3 firms

Apex Trader Funding

4.7•100% first $25k, then 90%

FundedNext Futures

4.6•90%

Tradeify

4.5•90%

Prop Firm One

Used by 2 firms

2 firms

The 5%ers

4.8•تصل إلى 100%

FundingPips

4.8•Up to 100%

Plus500

Used by 2 firms

2 firms

Topstep

4.5•90/10

Blue Guardian Futures

4.5•85%

Rise Market

Used by 1 firm

1 firm

The 5%ers

4.8•تصل إلى 100%

FundedNext (In-house)

Used by 1 firm

1 firm

FundedNext

4.8•تصل إلى 95%

ACG Markets

Used by 1 firm

1 firm

Alpha Capital Group

4.7•80%

Virtual Markets

Used by 1 firm

1 firm

E8 Markets

4.7•80%

ThinkMarkets

Used by 1 firm

1 firm

FundingPips

4.8•Up to 100%

Riseworks

Used by 1 firm

1 firm

FundingPips

4.8•Up to 100%

Datafeed Provider

Used by 1 firm

1 firm

Maven Trading

4.5•80%

TopstepX Own Data Feed

Used by 1 firm

1 firm

Topstep

4.5•90/10

Dorman

Used by 1 firm

1 firm

Earn2Trade

4.6•80/20

EdgeClear

Used by 1 firm

1 firm

Earn2Trade

4.6•80/20

Phillip Capital

Used by 1 firm

1 firm

Earn2Trade

4.6•80/20

Broctagon

Used by 1 firm

1 firm

City Traders Imperium

4.5•up to 100%

Blueberry Markets

Used by 1 firm

1 firm

Blueberry Funded

4.2•80%

Tier-1 Liquidity (Kraken)

Used by 1 firm

1 firm

Breakout

4.8•80%–90%

Purple Trading SC

Used by 1 firm

1 firm

Fintokei

4.5•80%

Alchemy Markets

Used by 1 firm

1 firm

FXIFY

4.6•75%–80% (upgradable to 90%)

FXPIG

Used by 1 firm

1 firm

FXIFY

4.6•75%–80% (upgradable to 90%)

Interactive Brokers (Cleared)

Used by 1 firm

1 firm

Trade The Pool

4.5•Up to 80%

Axi

Used by 1 firm

1 firm

Axi Select

4.7•Up to 90%

Rithmic

Used by 1 firm

1 firm

Apex Trader Funding

4.7•100% first $25k, then 90%

ProjectX

Used by 1 firm

1 firm

Tradeify

4.5•90%

CME Trading

Used by 1 firm

1 firm

Blue Guardian Futures

4.5•85%

DXFeed

Used by 1 firm

1 firm

Blue Guardian Futures

4.5•85%

CME Group

Used by 1 firm

1 firm

E8 Futures

4.5•80%

Hyperliquid L1 CLOB

Used by 1 firm

1 firm

Tradeify Perps

4.5•90%

QuadCode (Proprietary)

Used by 1 firm

1 firm

SabioTrade

4.8•Up to 95%

Blueberry Markets (Futures Div)

Used by 1 firm

1 firm

Blueberry Futures

4.5•90%

Internal Simulated Broker

Used by 1 firm

1 firm

Investing.com Challenges

4.5•80%

LMI Trade (Direct Futures)

Used by 1 firm

1 firm

LMI

4.6•Up to 100%

Fill88 (Simulated Environment)

Used by 1 firm

1 firm

Fill88

4•80% to 90%

LHFX Liquidity

Used by 1 firm

1 firm

Stampede Prop

4•80% - 90%

Why Does the Broker Matter?

The broker or liquidity provider that a prop firm uses directly impacts your trading experience:

Execution Quality: Firms using institutional LPs or well-known brokers (like Purple Trading, Eightcap) typically offer faster execution and less slippage.
Spread Conditions: Raw spread accounts through quality brokers can offer 0.0-0.3 pip spreads on EUR/USD, while lower-tier providers may show 1.0+ pips.
Swap Rates: Overnight holding costs vary by broker. This matters if you swing trade or hold positions for multiple days.
Data Feed Accuracy: Since most prop firms use simulated environments, the broker's data feed quality determines how closely your demo matches real market conditions.
Platform Availability: Some brokers only support MT5, while others offer MT4, cTrader, and DXTrade. Your firm's platform options depend on their broker.

Frequently Asked Questions

What broker does FTMO use?

FTMO uses an institutional liquidity provider for their trading infrastructure. They do not disclose the specific broker name publicly but route orders through a multi-LP aggregation setup.

Why does a prop firm's broker matter?

The underlying broker determines your execution quality, spreads, slippage, and swap rates. Firms using reputable brokers tend to offer better trading conditions.

Do all prop firms use the same broker?

No. Each prop firm chooses their own broker or liquidity provider. Some use established retail brokers, others use institutional LPs, and some have built proprietary in-house solutions.

Can I trade on a prop firm's live market?

Most prop firms operate simulated environments that mirror live market conditions. A few firms route funded traders to live accounts with real market execution.

The broker or liquidity provider that a prop firm uses directly impacts your trading experience:

Execution Quality: Firms using institutional LPs or well-known brokers (like Purple Trading, Eightcap) typically offer faster execution and less slippage.
Spread Conditions: Raw spread accounts through quality brokers can offer 0.0-0.3 pip spreads on EUR/USD, while lower-tier providers may show 1.0+ pips.
Swap Rates: Overnight holding costs vary by broker. This matters if you swing trade or hold positions for multiple days.
Data Feed Accuracy: Since most prop firms use simulated environments, the broker's data feed quality determines how closely your demo matches real market conditions.
Platform Availability: Some brokers only support MT5, while others offer MT4, cTrader, and DXTrade. Your firm's platform options depend on their broker.