The best prop trading firms in India are predominantly international proprietary firms that offer a wide range of instruments, competitive fees for funded accounts, and a number of additional perks and features.
The trading platform of choice for most prop traders are MetaTrader 4 and 5.
A large number of prop trading firms that offer their services in India are not based in the country but have access to dozens of countries around the world.
The barrier to entry for most proprietary trading firms is largely small, as there are little to no major regulations affecting the prop trading industry.
Some of the best prop trading companies that also operate in India are:
- Fidelcrest
- Topstep
- The 5ers
- Funded Trading Plus
- SurgeTrader
Many other proprietary trading firms also offer their services to traders in India. We will look at some of the top-rated firms in India and compare their FirmFunded ratings and offerings side by side to see how each of them stacks up against the competition.
Top 3 Prop Trading Firms In India
While there are numerous prop trading firms in India, most of the ones operating in the country are registered overseas.
Some of the best proprietary trading firms in India offer high maximum funding limits, affordable account fees, and MetaTrader 4.
We will overview three prop firms in India with the best available terms and features, such as Funded Trading Plus, SurgeTrader, and The 5ers.
Funded Trading Plus – the best overall prop firm in India
Founded in 2013 and headquartered in the United Kingdom, Funded Trading Plus is an experienced prop trading firm that offers flexible funding tiers, starting from as low as $5,000, and as high as $2,5 million through its scaling plan.
The minimal fee for a funded account starts at $119, which is a competitive price among competing firms.
The firm’s terms are characterized by low profit targets and maximum trailing drawdowns, which does put some constraints on traders.
The firm offers MetaTrader 4 as its primary trading platform and a solid variety of instruments, such as forex, commodities, indices, and crypto.
Traders at Funded Trading Plus can get up to 80% of the profits they generate with the firm.
Overall, Funded Trading Plus gets a FirmFunded score of 4.05 out of 5.
Sign up with Funded Trading Plus now
SurgeTrader – prop firm with account variety
Founded in 2021, SurgeTrader is a relatively new player on the prop trading market. The firm offers a maximum funding amount of $1 million, with a 90% profit share.
SurgeTrader clients in India can trade the likes of forex, commodities, indices, and crypto with the platform, which also offers MetaTrader 4.
While additional content may be lacking, SureTrader gives its clients a well-rounded prop trading experience with a 2-phase evaluation challenge and multiple funding options.
The fees at SurgeTrader are slightly above-average, with the most affordable funded account costing $200.
Overall, SurgeTrader’s terms and offered services gives the prop firm a FirmFunded rating of 3.48/5.
Sign up with Surgetrader now
The 5ers – prop firm with three funding routes
The 5ers is a Israel-based prop trading firm that also offers its services in India. Launched in 2016, The 5ers is another well-established prop firm that offers a high maximum funding limit through its scaling plan, which allows traders to reach up to $4 million in total funding.
The 5ers is one of the most affordable prop trading firms in the world, with the lowest account fee starting at $39.
Much like other entries on this list, The 5ers also offers MetaTrader 4 to its clients, who have access to instruments, such as Forex, stocks, indices, and commodities.
The profit-sharing agreement varies between the three funding challenges offered by the firm, ranging from 75 to 90% of the profits in favor of the trader.
Overall, The5ers gets a rating of 3.58/5 from FirmFunded.
Sign up with The 5ers now
Top Prop Trading Firms With INR Accounts
Most of the top prop trading firms in India offer their accounts in the U.S. dollar. The entries on this list do not support INR accounts. Some firms do not disclose information regarding account currencies, thus, we can assume that the primary currency is the USD.
Certain firms, such as SurgeTrader and Topstep, have a wide variety of currencies to choose from, while others, like Fidelcrest, are limited to EUR and USD.
We can see the currencies offered by each prop firm in the table below:
| Topstep | Fidelcrest | SurgeTrader | The 5ers | Funded Trading Plus | Blue Guardian | |
|---|---|---|---|---|---|---|
| USD | ||||||
| INR | ||||||
| GBP | ||||||
| EUR | ||||||
| CAD |
While most top-rated prop trading firms in India do not offer INR accounts, some of them still have an impressive selection of currencies traders can use to fund their accounts and make withdrawals.
All Prop Trading Firms Available To Indian Traders
Traders in India have an impressive lineup of international prop trading firms to choose from. While we have covered some of the best firms available in the country, we can expand the list to shed some light on prop trading firms with impressive offerings to Indian traders, such as:
- 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
- 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
- Topstep – 3.13/5 FirmFunded score. 90% profit share. Maximum funding of $150,000 available. Minimum audition fee starts at $49 ($50,000 account). Only futures 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
- E8 Funding – 3.18/5 FirmFunded score. 80% profit share. Maximum funding of $300,000 available. Minimum evaluation fee starts at $138 ($25,000 account). Forex, crypto, indices, and commodities 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
- 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
This is far from an exhaustive list of all prop trading firms that operate in India, but are some of the highest-rated firms by FirmFunded scores, accessibility, affordability, and additional features.
Head-to-Head Comparison Of Prop Trading Firms In India
In the below table we can see the terms, fees, and features offered by some of the top-rated proprietary trading firms available in India.
Overall, the best-rated prop firm in India according to FirmFunded is Funded Trading Plus, which gets an aggregate score of 4.05/5.
| Prop Firm | Topstep | Fidelcrest | SurgeTrader | The 5ers | Funded Trading Plus | Blue Guardian |
|---|---|---|---|---|---|---|
| Year founded | 2012 | 2018 | 2021 | 2016 | 2013 | 2017 |
| Minimum audition fee | USD 49 | EUR 99 | USD 200 | USD 39 | USD 119 | USD 87 |
| Instruments | Futures only | Forex, Indices, Commodities, Stocks | Forex, Crypto, Commodities, Indices | Forex, Stocks, Indices, Commodities | Forex, Commodities, Crypto | Forex, Crypto, Indices, Commodities |
| Minimum funded amount | $50,000 | $15,000 | $25,000 | $5,000 | $5,000 | $10,000 |
| Scaling | Yes | Yes | Yes | Yes | Yes | Yes |
| Maximum funded amount | $150,000 | $1 million ($2 million via scaling) | $1 million | Up to $4 million via scaling | $250,000 ($2.5 million via scaling) | $200,000 ($2 million via scaling) |
| Allowed daily loss | N/A | 5-10% | 5% | 5% | 3-4% | 4% |
| Profit target | 3% | 5-20% (Pro and Micro Accs) | 5-10% (1-Phase and 2-Phase) | 5-10% | 10% | 4-8% (1st and 2nd Phases) |
| Max trailing drawdown | 4% | 20% | 8% | 10% | 5-8% | 8% |
| Profit share | 90% | 80-90% | 90% | 75-90% | 70-80% | 85% |
| MetaTrader Available | No | Yes | Yes | Yes | Yes | Yes |
| Safety | 1.5/5 | 3/5 | 3/5 | 1.5/5 | 3/5 | 3/5 |
| Education | 5/5 | 2.8/5 | 2.8/5 | 5/5 | 2/5 | 2/5 |
| Customer Support | 3.6/5 | 3.6/5 | 3.6/5 | 3.6/5 | 5/5 | 4/5 |
| Rules and Limitations | 3.5/5 | 3.2/5 | 2.9/5 | 3/5 | 4/5 | 5/5 |
| Fees | 4/5 | 4/5 | 2.5/5 | 4/5 | 5/5 | 4/5 |
| Overall | 3.13/5 | 3.5/5 | 3.48/5 | 3.58/5 | 4.05/5 | 3.95/5 |
| Action | Start | Start | Start | Start | Start | Start |
India Prop Firms And Their Supported Languages
The primary language used by most prop trading firms is English, whether it be the official website, trading platforms, or customer service, which is convenient for traders in India.
Unfortunately, prop trading firms do not offer their interface in Hindi or other local languages spoken in India.
| English | Hindi | Bengali | |
|---|---|---|---|
| Fidelcrest | |||
| Blue Guardian | |||
| SurgeTrader | |||
| Funded Trading Plus | |||
| Topstep | |||
| The 5ers |
Does The SEBI Oversee Prop Trading Companies In India?
The Securities and Exchange Board of India, or SEBI, is the primary regulatory body of the Indian financial markets.
However, due to lack of regulations on prop trading around the world, SEBI also does not uphold any meaningful prohibitive measures against proprietary trading in the country.
While talks of regulating the prop trading industry have been ongoing around the world, the industry is still largely unregulated and new firms are registered every year, offering varying terms and trading conditions.
However, this does not mean that the field is entirely unregulated. SEBI’s rules and regulations are primarily concerned with risk management and anti money laundering measures.
FAQ On The Best Prop Trading Firms In India
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