Best Swing Trading Prop Firms: Trade Legit & Safe in 2024

A swing prop trading firm enables trading with swing trading and stands out through a good overall package.

Which is the best swing trading prop trading firm?

Our top pick for the best swing trading prop trading firms is The Funded Trader.

In our comparison, we present our evaluation criteria and our top 3 rankings and show you how to find the best swing trading prop firms.

The Best Swing Trading Prop Trading Firms (Top 3)
Firm	Evaluation	Profit Split	Accounts	Registration
The Funded Trader	0 days	80% to 90%	up to $200,000	Sign up now!
FTMO	4 days	80% to 90%	up to 160,000€	Sign up now!
FTUK	0 days	80%	up to $90,000	Sign up now!

Key Takeaways

Swing trading is a special trading strategy that is designed for medium- to long-term periods. It also takes advantage of short-term price movements, known as swings, within the prevailing trend. This approach is better suited for experienced prop traders rather than beginners
One important point is that not all prop trading firms automatically offer swing accounts. It might be necessary to specifically request and get approval for these accounts. The ability to hold trades overnight and over the weekend is a fundamental requirement for swing trading
Below, I will introduce you to the best swing trading prop firm. Additionally, I will suggest some other very good firms as well. Moreover, I’ll provide a brief overview of the fundamentals of swing trading

Top 3: Swing Trading Prop Firms

Let’s dive right into the assessment with the best swing trading prop firm. My tests have revealed The Funded Trader as the leading provider in this category. However, FTMO and FTUK can also be recommended for traders who prefer swing trading. I will briefly introduce all three swing trading prop trading firms.

You can find the firms with the best overall offerings on our site, “Best Prop Trading Firms“.

The Funded Trader

The Funded Trader was founded by the creators of Forex League and VVS Academy. The people behind the prop trading platform bring together extensive expertise in trading. The US-based company has been successfully operating in the market since 2021. Their evaluation process offers flexibility with single-, double-, or triple-step options, along with five distinct challenge paths to choose from.

No matter which entry point you choose, The Funded Trader offers fair rules and trading conditions. A look at the cost structure shows that there is a suitable offer for everyone. Additionally, all fees are refundable after successful evaluation. According to my assessment, The Funded Trader is currently the best swing trading prop firm.

FTMO

FTMO FTMO is an excellent choice for prop traders who prefer swing accounts as they understand the needs of swing traders. Their evaluation process can be completed in as little as four days. They offer account sizes that cater to both beginners and experienced professionals. The profit split at FTMO is either 80:20 or 90:10. In the FTMO Academy, you can learn not only general trading basics but also the most important details of swing trading.

FTMO is headquartered in Prague, Czech Republic, and has been operating successfully since 2014. As a company based in the European Union, their commitment to security can be particularly emphasized in this assessment.

FTUK

FTUK FTUK is the best swing prop trading firm for traders who want to start making money right away. They offer a standard evaluation process or direct funding, which provides immediate access to a funded live account. Experienced prop traders can choose the direct funding path, but it comes with slightly higher costs and more stringent trading rules initially.

FTUK utilizes CFDs for trading, which are well-suited for swing trading strategies. This US-based prop trading provider operates on the cTrader, DXtrade and Match-Trader platforms. Profits split 80/20 in favor of the trader can be withdrawn at any time, with FTUK processing transfers within two days of the request.

The Offer: Swing Trading

Swing trading is a specific approach in prop trading that allows you to choose a longer-term trading system. The advantage is that you do not have to constantly monitor your open trades, as you might hold positions for several days or weeks. It is crucial that the swing trading prop firm allows overnight and weekend trading. If this condition is not met, swing trading accounts cannot be maintained.

If you’re uncertain about your prop trading firm’s swing trading policies, ask their customer service for clarification. They might be able to provide you with a separate swing trading account. Based on my experience, some companies do not allow swing trading during the evaluation phase, as the infrequent trading activity makes it difficult for them to assess your trading skills. Swing trading accounts are often only available after you’ve successfully transitioned to a funded account.

In general, swing trading prop firms are suitable for all traders, including experienced and advanced swing traders. However, those familiar with trend trading may find swing trading particularly appealing. The swing trading strategy is versatile and not tied to any specific trading instrument. You can trade forex currency pairs, CFDs, futures, commodities, or cryptocurrencies. There are no inherent restrictions on trading possibilities within swing prop trading.

Can I get a Swing Account at all Prop Trading Firms?

No, based on my experience, there are several reputable prop trading firms that don’t offer swing accounts. As a result, the search for the best prop firm for swing traders is somewhat limited. However, there are still plenty of companies within the prop trading sector that actively promote or allow swing trading. Swing traders looking for a dependable provider to support their swing trading strategy will certainly find one.

Our Evaluation Criteria at A Glance

The fundamental requirement for inclusion in the list of top swing trading prop firms is simple: the firm must offer swing trading accounts, either during the challenge phase or upon becoming a funded prop trader. When evaluating the best swing trading prop firms, I have considered the following features.

Application Process: Is there an evaluation, or does the firm allow you to engage in trading activities with real money immediately? How many stages are in the application process? Is a quick qualification within a few days possible?
Account Sizes: What account sizes are available? Some providers start at $10,000, but high trading accounts up to $400,000 are not uncommon.
Costs: What fees are incurred during the evaluation phase and later with the live funded account?
Challenge Rules: Are all rules and restrictions clearly communicated?
Trading Platforms: Which trading platforms can be used, such as NinjaTrader, Rithmic, MT4, or MT5?
Trading Instruments: What instruments can professional traders trade? Is trading limited to futures trading, or are there other products like Forex trading?
Broker: Which broker does the prop firm partner with for executing proprietary trades on the exchanges?
Customer Support: How and when you can contact customer service?
Payment Methods: What payment methods are accepted for the one-time payment or monthly costs?
Payout: How quickly is your share of the profits paid out? Are there deadlines, or does the prop trading firm pay the commission immediately upon request?
Training Programs: What assistance is available to professional traders worldwide to improve their performance?
Mobile App: Is there a mobile trader app?

For the challenge rules, we examined the following criteria:

Profit Target: What profit amount and percentage of the initial account balance must the prop trader gain during the qualification phase?
Profit Split: How is the profit divided between the trader and the firm? Is there an initial amount paid out exclusively to the prop traders without a split? Top firms work with a 95:5 ratio.
Trading Period: Is there a specified number of days within which the evaluation must be completed?
Minimum Trading Days: What is the minimum number of trading days required to complete the evaluation? When are successful prop traders granted access to funded accounts?
Maximum Daily Loss: Is there a maximum daily drawdown, and what is it?
Maximum Loss: What is the maximum drawdown that cannot be exceeded during the qualification phase?
Maximum Position Size: How many trades can be executed simultaneously? Does this limit increase as the account size grows?
Maximum Capital Allocation and Multiple Accounts: How many accounts can a trader have with the prop trading firm? What is the maximum capital that can be traded?
Types of Trading: Is only day trading allowed, or are other types of trading permitted? Which trading strategies are strictly prohibited?
Leverage: Is there leverage to increase the capital used for trades?
Trading Style: What additional regulations does the prop trading firm have regarding permitted or prohibited trading styles?
Trading Hours: What is the timeframe within which trading is allowed?
News Trading: Are trades allowed shortly before, during, or after a news event? Is trading based on news permitted?
Weekend and Overnight Trading: Can trades be held overnight or over the weekend? Are long-term trading systems allowed?
Expert Advisor: Can expert advisor programs, bots, or algorithms be used to execute trades?
Copy Trading: Is copy trading permitted on personal accounts or by emulating professional traders?

Prop Trading Firms by Categories

As mentioned earlier, the choice of trading instruments is flexible in swing trading. Therefore, it’s practical to narrow down your selection of the best prop trading firms by considering other categories:

Advantages of Swing Prop Trading

A major advantage of swing prop trading is that, unlike day trading, you can avoid the stress of constantly monitoring the markets. Swing traders typically do not need to close their positions daily but can keep them open longer. Also, swing trading accounts offer the freedom to choose from a wide range of trading instruments, providing flexibility to adapt to changing market conditions and become successful traders.

Another advantage of choosing top swing prop trading firms is the ability to diversify your strategies. Swing trading can be implemented alongside other strategies on separate accounts, allowing you to capitalize on various market opportunities and maximize your profit potential.

Disadvantages of Swing Prop Trading

A major drawback of swing prop trading is the limited number of firms that support this style. Additionally, it must be noted that swing prop trading is considered risky. A currency or stock trend can reverse at a critical settlement moment. A sudden market reversal can lead to losses in long-held positions and may trigger pre-set risk limits.

Another drawback of a swing prop trading strategy is that the accounts are often more expensive. Also, not all online providers offer them during the evaluation phase, limiting accessibility for traders.

It is also worth mentioning that swap fees, which are charged on many platforms for swing trading, can diminish the potential profits of swing trading and impact your overall earnings.

Who should choose a Swing Trading Prop Firm?

Swing trading demands experience and should not be undertaken by beginners. Based on my experience, beginners usually fail quite miserably at swing trading. Therefore, you should carefully consider whether to apply for a simple account or a swing account. Given its intricate nature, I believe swing trading is best suited for seasoned traders. If you decide to pursue swing trading, implement stop loss orders to mitigate potential losses.

How to find the Best Firm for Swing Traders

I have already explained the most important evaluation criteria for swing trading prop firms. Below, I will provide further guidance in your search for the best swing trading prop firm. These are the questions you should answer to find a suitable prop firm for swing trading. Use the following to-do list.

Are swing accounts offered for trading? If so, are they available during the evaluation phase or only in the funded version?
What trading instruments are supported by the swing trading prop firm? Can I trade forex currency pairs, commodities, futures, cryptocurrencies, or stocks?
Is an evaluation phase required, or is there a direct entry as a funded prop trader?
What fees are charged for a swing trading account? Do the costs differ from standard trading accounts? Are the fees refunded after successful qualification? Are there additional monthly fixed costs, such as platform access fees?
Are there free swing trading demo accounts for testing?
How are profits split? Are there differences between swing accounts and regular accounts? Do I receive a lump-sum profit without splitting at the start?
What account sizes are offered for swing trading? What is the maximum amount of trading capital allocation? Can I manage multiple accounts using different strategies?
Are EAs (Expert Advisors) and copy trading allowed? What drawdown limits must be observed when trading? Can I trade with leverage?
What payment methods are available, and how are withdrawals processed?
How and when can customer service at the swing trading prop firm be reached? Are there learning and training programs for swing trading?
How much experience does the swing trading prop firm have? What testimonials or other credibility features support the company’s reputation?

Conclusion

Anyone deciding on a swing trading prop should be fully aware of the inherent risks involved and have a solid grasp of risk management principles. This caution doesn’t refer to the firm itself but rather to the trading strategy’s nature. You cannot react directly to current developments and must, therefore, develop strategies to withstand potential losses. Effective financial risk management, which includes understanding and mitigating the impact of price fluctuations, is crucial for success in swing trading. My recommendation is that only experienced traders should engage in a swing trading strategy.

Leading prop firms that cater to swing traders and have unique trading approaches are generally considered safe. These firms usually work with very fair models and high-profit payouts. When selecting a swing trading prop firm, it’s crucial to confirm that fees don’t differ from standard accounts and that proper support and training programs are available.

To our Top 3

Note that understanding the subtelties of the financial markets is important for success in swing trading, and the right prop firm can provide you with the tools and knowledge to thrive in this dynamic environment.

Frequently Asked Questions

In the final question and answer section, I have answered some common question about swing prop trading and online providers in brief.

Is Swing Trading offered by all Prop Trading Firms?

No, swing trading accounts are not provided by all market providers. So, you need to look for a firm that allows traders to use capital to make swing trades. When searching for the top swing trading prop firm, you need to ask yourself a series of questions, which you can find under “How to find the Best Firm for Swing Traders“.

What evaluation criteria are important for the best Swing Prop Trading Providers?

The most important point for a swing trading prop provider is that overnight and weekend trading are fully available without restrictions. You can read about all other essential quality features under “Our Evaluation Criteria at a Glance“.

Which Swing Trading Prop Firm is the best Provider on the market?

I consider The Funded Trader to be the best for swing trading on the market. The firm offers very good swing trading account models. You can read about other points that speak for this prop trading provider in the section “The Funded Trader“.

What are the disadvantages of Swing Trading Prop Firms?

Based on my experience, there are several points against swing trading. For example, swap fees can lead to a reduction in profits and trading experience is usually required to be profitable. You can read more about the negative points in our section “Disadvantages of Swing Prop Trading“.

Where can I find the best Swing Prop Trading Firms?

I always present you with the best swing trading prop firms on the market. My top list is regularly updated. You can find the current market leaders in the section “Best Swing Trading Prop Firm“.

Liam Matthews

Having more than eight years of trading experience, I know how hard it is to find a good and reliable Prop Trading Firm and not to choose the wrong one. With PropTradingScam.com I want to help you to pick the right one, stay safe, and share your experience.