Pro Setup Prop Firm Solutions
For Prop Firms.
Manage your own Prop Firm with your technology and servers, while we support you from behind the scenes.
Enterprise
For Scaling up.
For existing prop firms that need to upgrade their current tech provider.
Brokers.
For those brokers entering the space .
Frequently Asked Questions.
How much does a prop firm cost per month?
The monthly costs associated with proprietary (prop) trading firms vary based on their fee structures, which can include evaluation fees, platform fees, and data fees and their prop firm solutions.
Here’s an overview:
1. Evaluation Fees:
- One-Time Fees: Many prop firms charge a one-time fee for their evaluation process. For example, firms like FTMO and Topstep have structured evaluation programs to assess trader proficiency.
- Monthly Fees: Some firms opt for a monthly fee model during the evaluation phase. These fees can range from $50 to $150 or more, depending on the account size and firm policies.
2. Platform and Data Fees:
- Trading Platforms: Certain prop firms may require traders to cover the costs of trading platforms, especially if trading remotely. Monthly fees for sophisticated trading software can be as high as $300.
- Data Feeds: Access to real-time market data is crucial for trading. Some firms include data fees in their overall charges, while others may pass these costs onto traders.
3. Subscription Models:
- Firms like BluFX operate on a subscription basis, offering fully funded accounts for a monthly fee, which can range from $100 to $500, depending on the capital provided.
4. Additional Considerations:
- Refund Policies: Some firms offer refunds of evaluation fees upon successful completion, while others do not.
- Profit Splits: While not a direct cost, understanding the profit-sharing arrangement is essential, as it affects overall earnings.
Conclusion: Monthly costs for prop trading firms can vary widely based on the firm’s structure, the trader’s chosen account size, and the services provided. It’s crucial to thoroughly review each firm’s fee schedule, platform requirements, and profit-sharing agreements to understand the total financial commitment involved.