9 Best Prop Firms Allowing EAs for Automated Trading Success

In this article I will cover Best Prop Firms Allowing EAs since I wish to cover firms that allow certain automated trading strategies.

EAs allow traders to automatically execute a strategy without having to do it manually, and this decision requires working with the right prop firm to get the most money.

In this article, we will review top firms and their characteristics, pricing as well as their unique selling point for prop traders who deal with EAs.

What is Prop Firms?

Prop firms, or proprietary trading firms, lend traders money to buy and sell stocks, forex, or cryptocurrencies on the firm’s account. Unlike traditional trading, where individuals risk their own money, prop traders use the firms’ money and share part of the profits with the firms.

Many of these firms restrict traders to their own evaluation programs to show necessary skill and risk management. Prop firms provide benefits such as access to large capital, more advanced trading platforms, and sometimes mentorship, to name a few.

They, however, impose strict rules, risk limits, and target on the traders. Simply put, prop firms allow traders with necessary skills to trade high volume positions without personal financial risk.

How To Choose Best Prop Firms Allowing EAs

EA-Friendly Policy: Make sure the firm allows automated trading or EAs as some prop firms do not allow them.

Trading Platform Compatibility: Make sure the firm does support eas on the platforms like MetaTrader 4, MetaTrader 5, or cTrader.

Leverage and Capital Allocation: Confirm the maximum leverage available and the initial trading capital available for EA strategies.

Profit Sharing Structure: Make sure automated strategies will still be profitable under the terms of the firm split profit.

Risk Management Rules: Limit stop-loss, drawdown limits, and max open trades that are critical to EA strategies.

Evaluation Process: Confirm that prop firms do not have unnecessary penalties for EAs.

Support and Community: Firms that have support and forums for EA users, assist with automated strategy problems.

Key Point & Best Prop Firms Allowing EAs List

1.Top One Trader

Founded in 2021, Top One Trader is one of the best prop firms allowing EAs, catering to traders using fully automated systems. Its main advantage is allowance of EAs. EAs can trade unconstrained on trading styles and strategies because the firm fully embraces trading algorithms.

The firm has flexible account sizes with evaluation starting from $25,000 and fees from $149 to $299, depending on the selected program. Traders enjoy payment splits above 85%, instant scaling, multiple account types, dependable customer support, and quick withdrawal. This makes Top One Trader ideal prop firm to EA traders who want growth and enough liquidity.

Top One Trader Features

• EA-Friendly Trading – Supports the use of both EAs on MT4 and MT5 accounts.
• KYC Documentation for Minimal Onboarding – Quick account approval with less documentation.
• Multiple Account Sizes – Additional funding of accounts from \$10k to beyond \$200k is available.

2.FundedNext

Founded in 2022, and one of the first prop firms allowing EA (Expert Advisor) automated trading, FundedNext has built a reputation that they fully deserve: the lenient EA prop trading policies that do not limit trading algorithms like many other firms do give them a very special edge.

The starting account size is very competitive, at 50,000 USD, and the range of the evaluation fee from 149 to 349 USD, also depending on the program, is very reasonable. FundedNext has also built a reputation for instant scaling, multiple account types, and profit splits up to 90%, responsive customer support, and fast, no withdrawal fees. All of these features together make FundedNext ideal for traders who want to grow their investment with hard to find collateral.

FundedNext Features

• EA Compatibility – Unlimited automated trading strategies.
• Account Diversification – Challenge and Verification Modules with instant scaling options.
• Profit Fees – Revenue share of up to 90\% with a straightforward business process.

3.E8 Funding

Established in 2021, E8 Funding stands out as a leading prop firm because of its EA friendly policies, suitable for algo traders. Each trader is allocated a unique strategy which allows E8 Funding to prove its traders responsible. E8 Spending allows traders to use EAs, but only under the condition that the traders use different strategies.

This thoughtful technique the E8 Funding firm has come up with ensures that multiple people do not open the same trades, which helps maintain the quality of the trading environment. E8 Funding has multiple account types.

Evaluation accounts start at $138, depending on the Program selected. Traders keep a whopping 80% profit share which is almost industry leading alongside favorable payout terms and zero hidden charges.

Also worth noting is the Evaluation fee which, on passing the challenge and attaining funding, E8 Funding gives a full refund which helps traders decrease their total spending. Traders with quality automated trading systems tend to be successful given the reliable payouts and commitment to trader success offered makiing E8 Funding the optimal choice for traders.

E8 Funding Features

• EA-Friendly Platform – Fully automated trading on Mt4 and Mt5 workstations.
• Prompt Payment – Weekly pay with no holds.
• Choice of Account Plans – Traders with low drawdown limits can select risk tiered account plans.

4.Alpha Capital Group

Founded in November 2021, Alpha Capital Group is a proprietary trading firm based in the UK, particularly notable for its support of automated trading strategies. Because of its support of automated trading strategies, Alpha Capital Group is a leading firm for traders that trade using Expert Advisors (EAs). Alpha Capital Group allows its traders to use EAs on its MetaTrader 5 (MT5) platform but only after the traders receive approval by sending in the EAs for review.

This allows the firm to ensure that the automated strategies follow its trading standards and risk management policies. Among the many evaluation programs offered by Alpha Capital Group, the Alpha Pro Challenge stands out with account sizes ranging between $5,000 and $200,000. Traders are also able to take advantage of a profit share of 80% and receive bi-weekly payouts.

The firm uses a balanced-based drawdown approach which has a maximum total drawdown that is capped at 10%, allowing traders to hold positions over the weekend. Alpha Capital Group also offers a 200,000 fee which is a user-friendly trading interface, zero commission trading, and a community that is supportive and improves the trading experience.

It should also be noted that EA functionality is not available EA functionality on all the other trading platforms offered by the firm, which are cTrader, DXTrade, and TradeLocker.

Alpha Capital Group Features

• Dedicated Account EAs – Unlimited automated trading on all account types.
• Fast Account Scaling – Scalable accounts from \$25k to \$250k.
• Account Approval Duration – Less KYC allows faster start in the challenge.

5.Fidelcrest

Founded in 2020, Fidelcrest is one of the first proprietary trading firms to permit traders to use Expert Advisors (EAs), although prior approval is mandatory. This policy is in place to make sure automated strategies are in compliance with the firm’s trading policies and risk management protocols.

Fidelcrest has two main programs: Micro Trader and Pro Trader, and the firm’s capital allocation is between $15,000 to $1,000,000. Evaluation fees are program dependent and start at €99. Traders get to enjoy a profit split of up to 90% with scaling opportunities.

Traders can earn 25% increased capital every three months, provided they meet the three months of profitable trading requirement. Fidelcrest is one of the few firms that actively encourages automated trading, and as such, is one of the best options for traders wanting to use EAs.

Fidelcrest Features

• Manual and Automated Trading – No restrictions on the use of EAs or type of trading.
• Admissible Challenge Programs: Flexible assessments with different opportunity rules.
• Growth & Sharing: Up to \$200k account with profit sharing split of 75%.

6.Lux Trading Firm

Lux Trading Firm is one of the few prop firms offering approvals for Expert Advisors (EAs) and even allows traders to submit their own developed EAs. Established in 2020 and based in London, Lux offers a transparent and easily scalable trading environment.

Lux Trading traders can purchase evaluation accounts starting from as low as £199 with account balance starting from $50K and going all the way to $1M. The firm supports a number of instruments, which includes Forex, Cryptocurrencies, single-stock CFDs, and even Metals, Indices, and Energy.

One of the unique features of the firm is the Lux Career Trading Plan which allows traders to scale their accounts all the way to $10 million with consistent profits. The firm is also unique in offering a 7-day free trial to traders which many in the industry do not provide.

Lux Trading firm requires traders to have a minimum of 29 active trading days, swing traders with at least 15 days for the evaluation phase. Funded traders earn a 75% profit sharing for the account.

Lux Trading Firm Features

• Limiting EA Accounts: Any automated techniques can be applied without restrictions.
• Account Sizes Variety: 25k to 200k in funding options.
• Rapid Response: Responsive assistance regarding account creation and other issues.

7.Blue Guardian

Blue Guardian is one of the Best Prop Firms Allowing EAs to thrive in algorithmic trading and is thus perfect for traders who utilize Expert Advisors. Due to its innovative flexibility founding focus, the firm offers competitive evaluation fees starting at $149 and simplistic scaling plans.

Its competitive edge is restricted to the low restrictions to use on automated strategies and high leverage, coupled with simple policies, which means traders can enhance EAs to their full potential without EA restrictions. Instant customer service, fast payouts, and other features further enhance the trading experience.

Blue Guardian Features

• Full EA Trading: Fully automated trading available on MT4/MT5 platform.
• 8* Profit Split: Profit share for traders goes up to 85%.
• Varying Risk Challenge Plans: Accounts for different risk levels.

8.Funded Trading Plus

Funded Trading Plus was established in the year of 2021 and is currently the UK proprietary trading firm that provides ample support towards algorithmic trading strategies. The firm allows traders to utilize  Expert Advisors (EAs) under a certain set of rules and applicable conditions. EAs must not exploitation of latency, engage in tick scalping and arbitrage.

This policy algorithmically driven and automated trading strategies is the firm’s automated trading policies and risk management policies. Funded Trading Plus provides different account sizes and the evaluation cover starts from $119 for a $12,500 account.

Traders have the opportunity to access the profit split whereas the profit split amount is up to 100%. Traders also have scaling opportunities, increasing the amount of capital 25 for every time the trader makes a profit of 10%.

The firm also provides a modern tracker, trading at no commission and provides a community for traders. Although, not all EAs are available on all firm EAs and the same are absent from  cTrader,  DXTrade and TradeLocker platforms.

Funded Trading Plus Features

• Automated Trading: All EA strategies are supported with no limitations.
• Funded Accounts Scaling: \$200k+ funded accounts available to traders starting from small amounts.
• Negative Challenge Fees: Fees for the challenge are minimal and instant payouts are offered.

9.City Traders Imperium

City Traders Imperium started its activity in 2018 and already has a reoutation of one of the best prop firms allowing EAs due to its unique policies on algorithmic trading. Unlike most firms which impose restrictions on automated trading systems, CTI espouses a hands-on policy towards Expert Advisors, allowing traders to deploy sophisticated systems.

The firm’s evaluation accounts start from $149, which is competitively priced considering the potential for instant scaling on success. CTI also boasts 24/7 support, global reach, and strong risk management, which makes it very popular among EA traders looking for dependable funded accounts.

City Traders Imperium Features

• EA-Compatible: Automated trading is allowed with harsh risk parameters.
• Multiple Account Options: Funded account sizes from 25kto25kto150k.
• High Profit Potential: Profit share of up to 90% with additional growth and support.

Pros & Cons

Pros:

• Removal of Emotions: EAs avoid psychological issues and trade consistently.
• Market Access 24 Hours a Day 5 Days a Week: Automated systems are able to trade and take advantage of opportunities any time regardless of the time zone.
• Increased Selling: EAs allow users to perform multiple strategies simultaneously with minimal hands-on work.
• Funding: Prop firms significantly fund traders and allow them to use their EAs.

Cons:

• Regulatory: EAs are based on certain rules and must not breach them to avoid loss of account.
• Restrictions: Some firms may ban certain strategies like arbitrage or any other high-frequency trading strategy.
• Dependence on Technology: EAs are bound by the internet and can disrupt trading.
• Administration of Profit: The traders who are under the prop firsm lose a certain figure of their profit making them less profita.

Conclusion

To summarize, Best Prop Firms Allowing EAs provides an access to an automated trading strategies that comes with significant funding, risk management, and 24/5 market access on much favorable terms.

Although, emotional trading, lack of geographical barriers, and a plethora of trading strategies, easily makes these firms suitable candidates for EA proficient traders, few downsides considering compliance rules, profit sharing and technical dependencies do exist. Selecting the right prop firm is decisive for traders to optimize the efficiency of their strategies, while still safeguarding trading performance and sustained growth.

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