Top 10 Prop Firms in Canada in 2025

Choosing the right proprietary trading firm can be a challenge, especially if you are determined to avoid the tedious evaluation processes typically required to get funded. No Challenge Prop Firms offer immediate funding to traders who meet their requirements. This guide will help you quickly identify the most reputable and trader-friendly prop firms in Canada offering competitive funding, high profit splits, and reliable payouts.

Goat Funded Traders' prop firm is a valuable tool to help you achieve your goals. It will help you quickly identify the most reputable and trader-friendly prop firms in Canada offering competitive funding, high profit splits, and reliable payouts.

Introduction to Prop Firms in Canada

Proprietary trading, commonly referred to as prop trading, involves traders using a firm's capital to trade financial markets and share in the profits generated. In Canada, prop firms provide traders with access to significant funds after they pass evaluation programs that assess their trading skills. Unlike brokers, these firms do not manage client funds; instead, they empower traders to leverage the firm's resources to execute trades and earn performance-based rewards.

The popularity of prop trading in Canada has been rising steadily. This growth stems from factors such as easier access to advanced trading platforms, high leverage options, and compensation models tied directly to trader performance. Canadian traders are particularly drawn to the flexibility that prop firms offer, enabling them to pursue short-term, high-risk strategies with the potential for substantial returns. The Canadian financial market's robust regulation, overseen by bodies such as the Canadian Investment Regulatory Organization (CIRO), provides a secure environment; however, prop firms themselves face less stringent oversight compared to brokers.

One notable prop firm accessible to Canadian residents is Goat Funded Trader. Although not located in Canada, this firm does not explicitly restrict its services to Canadian users. Goat Funded Trader supports multiple payment methods, including cryptocurrencies, which are available to Canadian traders. Goat Funded Trader provides a flexible and trader-friendly environment suited for both beginners and experienced traders in Canada.

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How Do Prop Firms Work in Canada?

Proprietary trading firms, or prop firms, in Canada operate by providing traders with access to the firm's capital to trade financial markets. Traders must first pass an evaluation process designed to test their trading skills and risk management abilities. Once they complete this evaluation, they become funded traders who can trade using the firm's money, sharing a portion of the profits generated with the firm. The business model of Canadian prop firms typically involves several key steps. First, traders apply and pay an evaluation fee to participate in a challenge or test phase. This phase often uses simulated accounts that mirror real market conditions. 

The evaluation assesses the trader’s ability to follow risk rules and generate consistent profits. If the trader passes, they gain access to a live funded account with the firm’s capital. Profits earned are then split between the trader and the prop firm according to a pre-agreed percentage. Regarding the application process, Canadian traders usually select a prop firm, submit an application, and pay an upfront fee for the evaluation. These fees cover the cost of the evaluation service and risk management by the firm. Payment methods accepted include debit and credit cards, bank transfers, cryptocurrencies, and e-wallets. 

The evaluation itself may have specific rules, such as maximum drawdowns and profit targets, that traders must meet to qualify for funding. Payout structures vary, but generally involve profit sharing, where the trader receives a significant portion of the profits (often between 50% and 80%). At the same time, the prop firm retains the rest as compensation for providing capital and infrastructure. Withdrawals can be subject to conditions such as minimum payout thresholds or frequency limits, depending on the firm's policies. 

Some firms offer different account types or plans, with more advanced plans allowing quicker withdrawals or higher risk limits. Legally, prop firms operate in Canada by maintaining a clear distinction from traditional investment management. They do not handle client funds for investment purposes but instead offer evaluation services and trade solely with their proprietary capital. This structure allows them to comply with Canadian financial regulations without needing registration as securities dealers. Canadian traders can legally participate in prop trading programs, provided the firms are transparent about fees, terms, and maintain compliance with consumer protection laws.

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Top 10 Prop Firms in Canada

1. Goat Funded Trader

Goat Funded Trader (GFT) is a proprietary trading firm offering flexible funding solutions for traders in Canada and worldwide. It features a hybrid model that combines traditional challenge-based funding with an instant funding option. Traders can access simulated accounts with capital up to $800,000 and trade over 1,300 forex pairs, 14,000 stocks, 21,000 ETFs, and 1,500+ crypto pairs.

The firm supports various trading styles, including scalping, swing trading, and news trading, with trader-friendly rules such as no minimum profit targets, no time limits on challenges, and allowance for weekend trading. Profit splits start at 80% and can increase up to 100%, with fast payouts guaranteed within two days. GFT is backed by proprietary technology and a custom dashboard, serving over 98,000 traders who have collectively earned more than $9.1 million in rewards.

Key Features of Goat Funded Trader 

• Hybrid funding model: challenge-based and no-challenge instant funding 
• Access to simulated accounts with up to $800,000 capital 
• No minimum profit targets or time limits on challenges 
• Profit splits up to 100% with scalable upgrades 
• Fast payouts with a two-day guarantee and a $500 penalty for delays 
• Wide market access: 1300+ forex pairs, 14,000 stocks, 21,000 ETFs, 1500+ crypto pairs 
• Supports diverse trading styles, including scalping, swing, and news trading 
• Access to Match Trader, TradeLocker platforms, cTrader, and MetaTrader 5 (MT5) 
• Transparent fee structure with no hidden costs 
• Strong community support and educational resources 

Pros of Goat Funded Trader 

• Flexible and trader-friendly risk management rules 
• Instant funding option bypassing evaluation challenges 
• High profit splits reward trader consistency 
• Extensive asset variety for diversified trading 
• Reliable and fast payout system 

‍Goat Funded Trader stands out in the Canadian prop trading scene by offering a versatile and accessible platform that caters to both novice and experienced traders. Its combination of no-pressure challenge formats, immediate funding options, and broad market access makes it a compelling choice for traders seeking capital and professional trading conditions without restrictive barriers. 

2. Topstep

Topstep is a well-established proprietary trading firm specializing in futures trading, offering Canadian traders a structured path to earn funded accounts through its signature evaluation program, the Trading Combine. Topstep’s platform ecosystem includes over 14 supported trading platforms, with its proprietary TopstepX™ platform explicitly designed for prop traders. Profit payouts are generous, with traders receiving up to 100% of profits up to $5,000 and 80% beyond that, with payouts processed daily.

Key Features of Topstep 

• Two-step Trading Combine® evaluation to earn funding 
• Access to multiple futures markets, including major indices and commodities 
• Proprietary TopstepX™ trading platform optimized for prop trading 
• Profit splits up to 100% for earnings up to $5,000, then 80% thereafter 
• Daily payout processing with up to 4 payouts per month 

Pros of Topstep 

• Comprehensive trader education and coaching support 
• No personal capital required to trade live funded accounts 
• Flexible account sizes and multiple funded accounts allowed 

3. DNA Funded

DNA Funded is a proprietary trading firm that provides Canadian traders with opportunities to manage simulated funded accounts up to $600,000. The firm offers multiple challenge types, including one-step, two-step, and a 10-day challenge, each designed to accommodate different trading styles and experience levels. 

Trading leverage is up to 1:50 for some challenges. The firm utilizes its proprietary TradeLocker platform, along with a custom dashboard, for fast and reliable trade execution and account management. Profit splits start at 80%, with an option to increase to 90% through add-ons.

Key Features of DNA Funded 

• Multiple challenge formats: one-step, two-step, and 10-day challenges 
• Funded accounts up to $600,000 simulated capital 
• Profit targets generally at 10%, with flexible daily and total loss limits 
• Trading leverage up to 1:50, depending on challenge type 
• Proprietary TradeLocker platform and custom dashboard for trade execution and monitoring 

Pros of DNA Funded 

• A wide range of challenge options to suit various trader profiles 
• High maximum capital allocation for funded accounts 
• Option to increase profit split from 80% to 90% via add-ons 

4. FTMO 

FTMO is a prominent modern proprietary trading firm that offers Canadian traders a structured evaluation process to qualify for simulated funded accounts with balances of up to $200,000. The evaluation consists of two steps: the FTMO Challenge and the Verification, designed to identify skilled traders who can effectively manage risk. 

Traders operate on demo accounts with institutional trading conditions, using popular platforms such as MetaTrader 4, MetaTrader 5, cTrader, and FTMO’s proprietary platform. Successful traders can earn up to 90% of their simulated profits without risking personal capital.

Key Features of FTMO 

• Two-step evaluation process: FTMO Challenge and Verification 
• Demo accounts with up to $200,000 in virtual capital 
• Profit share up to 90% of simulated profits 
• Supports MetaTrader 4, MetaTrader 5, cTrader, and proprietary platform 
• Access to performance coaching and educational resources 

Pros of FTMO 

• High profit splits reward trader performance 
• Multiple popular trading platforms are supported 
• Clear pathway to professional trading with fixed salary contracts 

5. FundedNext

FundedNext is a global proprietary trading firm offering Canadian traders access to funded accounts through a variety of challenge formats, including one-step, two-step, and instant funding options. The firm supports popular platforms such as MetaTrader 4, MetaTrader 5, cTrader, and recently integrated TradingView for enhanced charting and execution. 

Profit splits range from 60% to 90%, with ultra-fast withdrawals processed within five hours. The firm is recognized for its transparent fee structure, regular discounts, and a robust community of over 97,000 funded traders who have collectively earned more than $ 95 million in payouts.

Key Features of FundedNext 

• Multiple challenge types: one-step, two-step, and instant funding 
• Six account sizes from $6,000 to $200,000 
• Trading platforms supported: MT4, MT5, cTrader, and TradingView 
• Profit splits between 60% and 90%, with fast payouts within five hours 
• Leverage up to 1:100 on forex and varied leverage on other assets 

Pros of FundedNext 

• Wide range of account options and flexible funding paths 
• Competitive profit share with a quick withdrawal process 
• Integration of popular trading platforms, including TradingView 

6. ThinkCapital

ThinkCapital is a broker-backed proprietary trading firm that offers Canadian traders a streamlined and flexible path to funded trading accounts with growth potential up to $1 million. The firm provides three main challenge types: a One-Phase Evaluation for rapid funding, a Dual Step Challenge with two evaluation phases, and the Nexus Challenge, a comprehensive three-phase program designed for trading mastery. 

Profit splits can reach up to 90%, with weekly payouts available. ThinkCapital emphasizes flexible risk management, supports various trading styles without restrictive rules, and offers leveraged funding with nearly unlimited upside.

Key Features of ThinkCapital 

• Three challenge programs: One-Phase, Dual Step, and Nexus Challenge 
• Profit splits up to 90% with weekly payout cycles 
• TradingView integration and proprietary ThinkTrader platform 
• Broker backed by multi-regulated ThinkMarkets 
• Flexible evaluation with balance-based drawdown and customizable add-ons 

Pros of ThinkCapital 

• Rapid funding options with straightforward evaluation 
• Supports diverse trading styles and risk management approaches 
• Direct profit withdrawals to personal ThinkMarkets accounts (where eligible) 

7. BrightFunded

BrightFunded is a relatively new proprietary trading firm that offers Canadian traders a multi-phase evaluation process to access funded accounts ranging from $5,000 to $200,000. The firm operates on a three-step challenge model, requiring traders to meet profit targets of 8% with daily and total drawdown limits of 5% and 10%, respectively, and a minimum of five trading days per phase. 

Profit splits start at 80% and can scale up to 100% through its unique scaling plan. Payouts are processed weekly, with an average turnaround time of four hours, and are supported by a transparent and responsive customer service team.

Key Features of BrightFunded 

• Three-phase evaluation with proa fit target of 8% and drawdown limits 
• Funded accounts from $5,000 up to $200,000 
• Access to 150+ instruments, including 40+ crypto pairs 
• Proprietary web platform and cTrader integration 
• Profit splits starting at 80%, scaling up to 100% with unlimited scaling pla. 

Pros of BrightFunded 

• Fast weekly payouts with an average processing time of four hours 
• Flexible evaluation with customizable add-ons 
• The  Trade2Earn loyalty program incentivizes consistent trading 

8. Blueberry Funded

Blueberry Funded is a broker-backed proprietary trading firm offering Canadian traders access to simulated funded accounts with capital scaling up to $2,000,000. The firm provides multiple evaluation paths, including one-step, two-step, rapid, stock, and synthetic challenges, designed to cater to a variety of trading preferences and skill levels. Traders use the same award-winning trading environment as Blueberry Markets, a globally recognized broker, trading on platforms such as MetaTrader 5 and DXtrade for stock CFDs, with ultra-low spreads and commission-free indices and crypto trading.

Key Features of Blueberry Funded 

• Multiple challenge types: one-step, two-step, rapid, stock, and synthetic 
• Simulated capital scaling up to $2,000,000 
• Trading platforms include MetaTrader 5 and DXtrade for CFDs 
• Profit targets between 5% and 10%, daily loss limits 3%-5%, total drawdown 6%-10% 
• Profit splits starting at 80% with biweekly payouts 

Pros of Blueberry Funded 

• Broker-backed with direct access to Blueberry Markets trading infrastructure 
• Wide range of asset classes, including over 1,000 stocks, forex, indices, metals, and crypto 
• Fast and reliable payouts with an average processing time of under two business days 

9. Funded Trading Plus 

Funded Trading Plus (FT+) is a reputable proprietary trading firm that provides Canadian traders with a variety of challenge programs to access funded accounts with capital ranging from $400,000 to $2,500,000. The firm offers multiple evaluation formats, including One-Phase, Two-Phase, Prestige, Premium, and Instant Master programs, catering to different trading styles and experience levels. 

Traders utilize industry-standard platforms, such as MatchTrader, cTrader, and DXTrade, to trade a diverse range of instruments, including Forex, commodities, indices, and cryptocurrencies. Profit splits can reach up to 100%, with payouts starting immediately or within one week, depending on the program. Withdrawals are processed weekly.

Key Features of Funded Trading Plus 

• Multiple challenge types: One-Phase, Two-Phase, Prestige, Premium, and Instant Master 
• Profit targets between 8% and 10%, with daily and total drawdown limits 
• Up to 100% profit splits with weekly payouts 
• Trading platforms: MatchTrader, cTrader, DXTrade 
• Scalable funding up to $2,500,000 

Pros of Funded Trading Plus 

• No monthly fees and fair, transparent trading rules 
• Instant funding option available for experienced traders 
• 24/7 customer support and active trader community 

10. OANDA

OANDA Prop Trader offers Canadian traders a structured proprietary trading challenge with access to virtual funding up to $500,000. The program features two main challenge types: Boost Challenges, which have static drawdown, and Classic Challenges, which have trailing drawdown. Traders benefit from up to 100:1 leverage and spreads starting from 0.0 pips. 

OANDA supports trading across a wide range of CFDs, including forex, commodities, precious metals, and indices, utilizing its proprietary platform alongside popular third-party platforms such as MetaTrader 4, MetaTrader 5, and TradingView. The firm processes payouts promptly, refunds challenge fees upon first profit payout, and provides educational resources and market insights to support trader development.

Key Features of OANDA Prop Trader 

• Two challenge types: Boost (static drawdown) and Classic (trailing drawdown) 
• Virtual funding up to $500,000 with profit targets of 8%-10% and daily loss limits of 5% 
• Profit share up to 90% with a challenge fee refunded on the first payout 
• Trading platforms include OANDA’s proprietary platform, MT4, MT5, and TradingView 
• Access to a broad range of CFDs: forex, commodities, metals, indices 

Pros of OANDA Prop Trader 

• Regulated and award-winning broker with 25+ years of experience 
• Competitive leverage up to 100:1 and low spreads starting at 0.0 pips 
• Educational support with market insights and expert analysis

Pros and Cons of Prop Firms in Canada

Pros of Prop Trading in Canada

Access to Significant Trading Capital

Prop trading firms provide traders with substantial capital, allowing them to take larger positions than they could with personal funds. This access can amplify profit potential without risking the trader’s own money beyond fees or deposits.

Attractive Profit Splits

Many Canadian prop firms offer generous profit-sharing arrangements, often allowing traders to keep 80% or more of their earnings, which incentivizes high performance and rewards skill.

Partnerships with Trusted Brokers

Well-established prop firms in Canada collaborate with reputable brokers, ensuring reliable execution, market access, and professional trading environments.

Access to Advanced Tools and Platforms

Traders gain access to institutional-grade platforms, such as MT4, MT5, TradeLocker, and DXtrade, along with sophisticated analytics and sometimes algorithmic trading capabilities, which can enhance trading efficiency and strategy development.

Training and Mentorship Opportunities

Many prop firms offer educational programs and mentorship, enabling traders to improve their skills more quickly than they would through retail trading alone.

Reduced Personal Financial Risk

Since traders use the firm’s capital, their personal financial exposure is limited to evaluation or subscription fees, reducing the risk of significant personal losses.

Cons of Prop Trading in Canada

Unregulated or Lightly Regulated Environment

Prop trading firms in Canada operate in a regulatory gray area. While legal, they are often less regulated than traditional financial institutions, which can expose traders to higher operational risks and less consumer protection.

Time Zone Challenges

Canada’s time zones are not ideal for trading specific global markets, such as the London session, which can limit opportunities for traders focusing on those markets.

Varied Regulatory Framework Across Provinces

Different Canadian territories have distinct regulatory requirements, which can complicate compliance and potentially impact firm operations and trader protections.

Strict Risk Management and Consistency Rules

Prop firms enforce tight risk limits and consistency requirements that can restrict trading strategies. Some strategies may become uncompetitive or even prohibited, particularly those that require more flexibility or a higher risk tolerance.

Restrictions on Algorithmic Trading

Not all prop firms permit algorithmic or automated trading, which can be a significant limitation for traders relying on such methods.

Performance Pressure

Traders face constant pressure to perform to maintain their funded status and profit share, which can be stressful and may lead to rushed or suboptimal trading decisions.

Potential for Inexperienced Traders to Rush In

Some prop firms market themselves with educational content, attracting novice traders who may underestimate the challenges and risks involved, leading to poor outcomes.

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How to Choose a Prop Trading Account in Canada

Selecting the right proprietary (prop) trading firm in Canada requires careful consideration of several key factors to ensure a profitable and secure trading experience. Here’s a structured guide to help you make an informed choice.

Reputation and Trustworthiness

The reputation of a prop firm is paramount. Since prop firms in Canada operate as unregulated but registered businesses, it is wise to avoid newly established firms without a proven track record. Look for firms with positive trader feedback, transparent business practices, and a history of reliable payouts. Checking reviews on platforms like Trustpilot and engaging with trader communities can provide valuable insights into a firm’s credibility.

Trading Costs and Fee Structure

Prop firms differ in how they charge traders. Some U.S.-based firms require a monthly subscription fee, while many non-U.S. firms, including those in Canada, typically charge a one-time evaluation fee. Additionally, trading fees depend on the brokers affiliated with the prop firm. Understanding these costs upfront helps avoid surprises and ensures the fees align with your trading budget.

Trading Platforms Offered

Most Canadian prop firms provide popular platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradeLocker, which support algorithmic trading. For manual traders, platforms like DXtrade are common. Choose a firm that offers a platform you are comfortable with and that supports your preferred trading style and strategies.

Profit Split

A favorable profit split is crucial for maximizing your earnings. It is recommended to select prop firms offering profit splits of 80% or higher, meaning you keep the majority of your trading profits. This aspect significantly impacts your net income from trading activities.

Asset Variety

Consider the range of tradable assets available. Canadian prop firms typically offer access to Forex, cryptocurrencies, commodities, equities, and futures. Ensure the firm supports the asset classes you intend to trade to diversify your portfolio effectively.

Trading Strategy Restrictions

Almost all prop firms impose certain restrictions on trading strategies, which can affect the viability of your approach. It is essential to review these rules carefully, especially if you use algorithmic or high-frequency trading methods, to confirm your strategy complies with the firm’s guidelines.

Customer Support And Service

Efficient and responsive customer support is vital, especially since trading with a prop firm involves contracts and profit payouts. Opt for firms known for fast, helpful support to resolve any issues promptly and maintain smooth trading operations.

Payout Methods And Frequency

While bank wire transfers remain the standard payout method, the best Canadian prop firms also accommodate cryptocurrency transactions, offering flexibility and speed. Additionally, consider how frequently you can withdraw profits. Some firms provide weekly payouts, which can be advantageous for managing cash flow.

Get 25-30% off Today - Sign up to Get Access to Up to $800K Today

Goat Funded Trader gives you access to simulated accounts up to $800K with the most trader-friendly conditions in the industry.  There are no minimum targets and no time limits. We even have triple paydays with up to 100% profit split. Join over 98,000 traders who have already collected more than $9.1 million in rewards, all backed by our 2-day payment guarantee with a $500 penalty for delays. Choose your path to funding through customizable challenges or start trading immediately with our instant funding options. Sign up to get access to up to $800K today, and 25-30% off. 

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