Top 10 Prop Firms That Allow Copy Trading

Many traders recognize the value of joining prop firms that support copy trading. By copying the trades of expert traders, you can improve your trading skills and reduce the risk of incurring huge losses as you learn the ropes of trading with a prop firm. However, not all prop firms allow copy trading. If you choose one that does not, you could miss out on the opportunity to learn from others as you get used to the firm's trading rules and conditions. That's why many beginners and intermediate traders are turning to no challenge Prop Firms, which provide immediate access to funded accounts without lengthy evaluation processes—making it easier to focus on strategy, learn from experienced traders, and grow consistently. This guide will help you quickly identify reputable prop firms that enable copy trading, understand their key benefits, and confidently choose the best firm.

Goat Funded Trader's prop firm offers an excellent resource for traders looking to achieve their goals quickly. They feature a robust copy trading program that allows you to follow the traders of your choice and learn from their strategies before you take on the responsibility of trading a funded account on your own.

What is Copy Trading in Prop Firms?

Copy trading in proprietary trading refers to the practice of replicating another trader's trades, typically those of a more experienced trader, within the context of a trading firm. Proprietary trading firms provide traders with the firm's capital to trade financial markets, aiming to generate profits for the firm. Unlike retail brokers, prop firms often have strict rules about trading behavior and risk management. Their primary goal is to ensure traders use their strategies to protect the firm's capital.

In prop trading, copy trading typically involves duplicating trades across multiple accounts owned by the same trader, rather than allowing external individuals to copy trades. This is because prop firms are vigilant about detecting copy trading activities, which involve multiple traders copying one another, potentially leading to conflicts with risk controls and fairness policies. They monitor trading patterns, timing, and order execution to identify suspicious similarities that suggest copying, and they use advanced algorithms to enforce these rules.

This differs from copy trading in broker platforms, where individual investors can automatically replicate trades from professional traders through social or copy trading platforms. Broker-based copy trading is more transparent, allowing followers to benefit from expert traders’ strategies without having to manage trades themselves. In contrast, prop firms generally restrict copying to internal accounts or disallow it altogether to maintain trading integrity and risk management. However, some prop firms have begun to incorporate copy trading features internally, enabling traders to share strategies or copy trades within the firm under controlled conditions. 

This offers traders opportunities to learn and enhance profitability while adhering to the firm's rules. Goat Funded Trader is an example of a prop trading firm that fits into this context. It provides funded accounts to traders and may offer mechanisms for traders to leverage successful strategies, aligning with the trend of integrating copy trading elements within prop trading frameworks. This allows traders to benefit from proven approaches while operating under the firm's risk management policies. 

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How Does Copy Trading Work in Prop Firms?

Copy trading in proprietary trading firms (prop firms) is a specialized mechanism designed to enhance trading efficiency and risk management within the firm’s controlled environment. It differs significantly from retail copy trading platforms due to strict rules and proprietary concerns.

Internal Copy Trading Within Prop Firms

Prop firms typically operate within a closed ecosystem. This means that copy trading is generally allowed only within the trader’s accounts rather than between different traders. For example, a trader can copy trades from one funded account they own to another funded account under their name, but copying trades from another trader’s account is usually prohibited to protect strategy confidentiality and firm integrity.

Master and Slave Account Structure

A typical setup involves a master account and multiple slave accounts. The master account is where trades are initiated, and these trades are then automatically replicated in the slave accounts. This automation enables traders to efficiently manage multiple accounts while maintaining a consistent application of their trading strategies across all accounts.

Automation and Risk Management

Copy trading in prop firms is mostly automated, which reduces manual errors and saves time. It allows traders to focus on strategy development and market analysis instead of repetitive trade execution. However, prop firms implement strict monitoring systems to detect unethical copy trading, such as identical trades across accounts with matching lot sizes and timing, which may lead to account suspension or banning.

Detection and Prevention of Unauthorized Copy Trading

Prop firms utilize advanced algorithms and software to identify suspicious trading patterns that indicate unauthorized copy trading. They analyze trade frequency, size, timing, and execution details to determine if one account is copying another. This vigilance ensures a level playing field and protects the firm’s capital and reputation.

Copy Trading Platforms and Limitations

Most prop firms that allow copy trading use platforms like MT4 or MT5, which support copy trading functionalities. Traders can manually or automatically replicate trades across their own funded accounts. However, external copy trading, which involves copying trades from other traders outside the firm, is generally a red flag and is often disallowed, as it may indicate reliance on fee-based challenge models rather than genuine trading profits.

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Pros and Cons of Copy Trading

Copy trading, which involves automatically replicating the trades of experienced investors, offers several benefits and drawbacks that traders should carefully consider.

Pros

Diversification of Strategies and Risk

Copy trading allows you to spread your investments across multiple accounts or traders, each potentially using different strategies or risk levels. This diversification can help manage overall risk and improve the likelihood of profitability by not putting all your capital into a single approach.

Time Efficiency

By copying trades automatically, you save the time and effort required to execute trades on multiple accounts manually. This automation reduces the chance of errors and frees up time for other activities, making it especially useful for busy individuals.

Accessibility for Beginners

Copy trading lowers the barrier to entry for novice traders by allowing them to benefit from the expertise of seasoned traders without needing deep market knowledge. Beginners can learn by observing successful traders while participating in the markets.

Learning Opportunity

Following experienced traders provides insight into trading strategies and risk management, which can be educational for those looking to develop their skills over time.

Emotion-Free Trading

Automated copying removes emotional decision-making, which often leads to irrational trades. This can result in more disciplined and consistent trading outcomes.

Cons

Risk of Loss

Copy trading does not guarantee profits. If the trader being copied experiences losses or uses a flawed strategy, those losses will be mirrored in your account. Market unpredictability means past success does not ensure future gains.

Limited Control

By relying on another trader’s decisions, you relinquish direct control over your trades. This lack of hands-on management can be uncomfortable for some and may limit your ability to react to changing market conditions.

Technical and Execution Delays

Depending on the platform, there may be delays or technical problems in copying trades across accounts. Such lags can lead to trades being executed at less favorable prices or not at all, especially in fast-moving markets.

Costs and Fees

Copy trading can be more expensive than manual trading. Signal providers often charge commissions or upfront fees, and frequent trades can accumulate significant costs. Additionally, broker spreads can reduce net returns.

Overreliance and Limited Skill Development

Relying solely on copy trading can hinder the development of your trading skills. Without understanding the rationale behind trades, learning is limited, which may reduce long-term trading success.

Liquidity and Market Risks

In some cases, especially with less liquid assets, trades may not be executed at the desired price or volume. Moreover, unpredictable events like geopolitical crises can cause sudden market shifts that affect all traders, including those being copied.

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Top 10 Prop Firms That Allow Copy Trading

1. Goat Funded Trader

Goat Funded Trader (GFT) is a proprietary trading firm that empowers traders by providing access to substantial capital and flexible trading conditions. It supports a wide range of trading instruments, including forex, stocks, ETFs, and cryptocurrencies. GFT offers various account types with customizable challenges and instant funding options, making it suitable for different trading styles and experience levels. The firm is known for its trader-friendly policies, high profit splits up to 95%, and fast payouts, positioning itself as a leading choice for traders seeking long-term growth and scalability in prop trading.

‍Goat Funded Trader stands out as a prop firm that supports copy trading indirectly by allowing traders to implement various strategies without restrictive trading rules. Its flexible policies enable traders to employ multiple approaches, which can include strategies often copied or followed by others. However, explicit copy trading or signal service restrictions are common in prop firms, and traders should verify specific rules related to copy trading on GFT’s platform.

Key Features of Goat Funded Trader

• Multiple account sizes ranging from $2,500 to $200,000 and beyond
• No time limits on challenges and no minimum trading days required
• Allows weekend trading, news trading, overnight positions, and swap-free options
• High profit splits starting at 90%, scaling up to 95%
• Instant funding accounts are available for immediate trading
• Transparent fee structure with challenge fees from $15 to $989
• Supports trading on the ThinkTrader and Match Trader platforms

Wide Instrument Selection 

• 1300+ forex pairs, 14,000 stocks, 21,000 ETFs, 1500+ crypto pairs
• Robust scaling program with incremental capital and profit split increases
• Fast payouts with a 2-day payment guarantee and multiple withdrawal methods, including crypto and wire transfers

Pros of a Goat Funded Trader

• Flexible and trader-friendly rules accommodating diverse trading strategies
• High profit splits allow traders to keep most of their earnings
• Instant funding option reduces the waiting time to start trading
• Comprehensive scaling plan to grow account size and profit share
• Transparent and supportive customer service with quick payout processing

2. Lark Funding

Lark Funding is a proprietary trading firm that offers traders access to funded accounts with flexible evaluation programs designed to suit various trading styles. The firm emphasizes fast payouts, transparent rules, and a supportive environment. Traders can choose from 1-step, 2-step, 3-step, or instant funding paths, allowing them to start earning quickly without strict time limits or minimum trading days. Lark Funding supports the use of Expert Advisors (EAs) and trade copiers, making it one of the few prop firms that explicitly allow copy trading strategies. 

Key Features of Lark Funding

• Multiple evaluation programs is 1-step, 2-step, 3-step, and Instant Funding
• Profit splits from 80% up to 90%
• No time limits or minimum trading days to pass challenges
• Supports EAs and trade copiers for automated and copy trading
• Lightning-fast payouts processed in under 6 hours

Pros of Lark Funding

• Flexible trading programs tailored to different trader preferences
• Rapid payout processing ensures quick access to earnings
• Transparent rules with no hidden fees or surprises

3. FundedPrime

FundedPrime is an Australian-based proprietary trading firm launched in 2023 that offers traders access to funded accounts with a focus on education, transparency, and advanced technology. The firm offers a flexible evaluation process with no time limits, enabling traders to progress at their own pace through challenges tailored to both forex and stock trading. FundedPrime partners with the reputable broker Eightcap, offering competitive trading conditions on platforms like DX Trade and TradeLocker. 

Key Features of FundedPrime

• Flexible evaluation challenges with no time limits and a 10% profit target
• Access to Eightcap’s DX Trade and TradeLocker platforms
• Profit splits of 80% with potential scaling opportunities
• Trading across multiple asset classes: stocks, forex, commodities, indices, ETFs, and crypto
• Support for Expert Advisors (EAs) and advanced trader dashboards with real-time analytics

Pros of FundedPrime

• No time pressure during evaluation challenges
• Competitive profit share and fast bi-weekly payouts after a minimum trading period
• Access to reliable broker infrastructure and sophisticated trading platforms

4. Starter Prop Trader

Starter Prop Trader is a prop trading academy that offers traders a simulated $200,000 account to develop and master their Forex trading skills. The firm provides a two-step evaluation process, where traders can earn rewards and profit shares, beginning with the challenge phase. It emphasizes transparency with a unique Rewards Page showing real-time reward statuses and allows a wide range of trading styles, including scalping, hedging, martingale, and grid trading. 

Key Features of Starter Prop Trader

• Two-step evaluation with no time limits and a minimum of 4 trading days per step
• 15% profit share starting from the challenge phase
• Allowed use of Expert Advisors (EAs) and automated trading bots
• No restrictions on news trading during the challenge phase
• Transparent Rewards Page providing complete visibility of all reward requests and statuses

Pros of Starter Prop Trader

• Flexible trading styles supported, including scalping and hedging
• Immediate profit sharing during the challenge phase
• Funded account retry privilege for second chances without extra fees

5. Blueberry Funded

Blueberry Funded is a broker-backed proprietary trading firm partnered with the award-winning Blueberry Markets broker. It offers traders the opportunity to scale up to $2,000,000 in simulated capital through various evaluation programs designed to promote consistency and effective risk management. Catering to both beginners and experienced traders, Blueberry Funded provides ultra-low spreads, commission-free trading on indices and cryptocurrencies, and profit splits of up to 80%. 

Key Features of Blueberry Funded

• Multiple evaluation options, including 1-step, 2-step, rapid, stock, and synthetic challenges
• Profit share of 80% with payouts every 14 days
• Account copy trading is permitted on all funded accounts
• Trading on platforms integrated with Blueberry Markets offering ultra-low spreads and commission-free assets
• Scalable simulated capital up to $2,000,000 with quarterly growth opportunities

Pros of Blueberry Funded

• Broker-backed with over 8 years of industry experience
• Flexible trading evaluations tailored to various trader preferences
• Fast payouts with average processing time under two business days

6. FXIFY

FXIFY is a broker-backed proprietary trading firm designed to accommodate traders of all levels with flexible funding programs and fast payouts. Founded in 2023, FXIFY offers various evaluation options, including instant funding, one-phase, two-phase, and three-phase challenges, with account sizes ranging from $400,000 to $4 million and scaling potential of up to $4 million. The firm supports a wide range of trading strategies, including algorithmic, martingale, grid, and news trading, with no restrictions on trading style.

Key Features of FXIFY

• Multiple funding programs: Instant Funding, Lightning Challenge, and multi-phase evaluations
• Account sizes ranging from $5,000 to $400,000, with scaling up to $4 million
• Profit splits up to 90% with no minimum or maximum payout limits
• Supports diverse trading strategies, including algorithmic, martingale, grid, and news trading
• On-demand payouts starting from the first funded trading day

Pros of FXIFY

• Fast and reliable payouts with no waiting periods
• Flexible and customizable account options tailored to traders' needs
• Broker-backed with robust infrastructure and global support

7. Lionheart Funding

Lionheart Funding is a UAE-based proprietary trading firm that offers traders access to significant capital through flexible evaluation challenges and a trader-centric funding model. Established in 2023, the firm provides a range of challenge types, including one-step, two-step, three-step, and a dedicated challenge for Expert Advisors (EAs) and high-frequency trading (HFT) professionals. Lionheart supports a wide range of trading strategies, including news trading and algorithmic trading, on the advanced DX Trade and TradeLocker platforms. 

Key Features of Lionheart Funding

• Multiple challenge options: Alpha (2-step), Pride (1-step), Roar (EA/HFT dedicated), Guardian (3-step)
• Profit splits up to 90% with bi-weekly payouts
• No time restrictions or minimum trading days during evaluation
• Support for news trading, Expert Advisors (EAs), and algorithmic trading
• Access to over 500 tradable assets via the DX Trade and TradeLocker platforms

Pros of Lionheart Funding

• Fast payout processing guaranteed within 24 hours
• Flexible trading conditions with no time pressure on challenges
• High profit share and scalable funding up to $400,000

8. FTMO

FTMO is a leading modern proprietary trading firm founded in 2015 and based in Prague. It offers traders a unique evaluation process consisting of the FTMO Challenge and Verification, designed to identify and develop trading talent without risking the trader’s capital. Upon successful completion, traders receive access to an FTMO Account with up to $200,000 in simulated funds and can earn up to 90% of the profits they generate. FTMO supports a wide range of trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies. 

Key Features of FTMO

• The two-step evaluation process is the FTMO Challenge and Verification
• Up to $200,000 in simulated trading capital with profit splits up to 90%
• Wide asset range: forex, indices, commodities, stocks, cryptocurrencies
• Comprehensive trader support including coaching, educational resources, and performance tools
• Collaboration with Quantlane for advanced data analysis and strategy development

Pros of FTMO

• No risk of losing personal capital during evaluation
• Extensive educational and coaching support
• Access to multiple trading platforms and institutional-grade trading conditions

9. Blue Guardian

Blue Guardian is a proprietary trading firm that offers serious traders access to funding with flexible and trader-friendly conditions. The firm provides challenges with no time limits, allowing traders to trade at their own pace. Blue Guardian supports trading on the MT5 platform with profit splits ranging from 35% to 50% across all challenges. Traders can access up to $400,000 in funding and benefit from payout processing within 7 days. The firm emphasizes transparency, risk management, and flexibility, enabling traders to conduct any trading activities without time constraints while adhering to daily loss limits and equity requirements.

Key Features of Blue Guardian

• Profit splits between 35% and 50% on all challenges
• Funding available up to $400,000
• No time limits on challenges, allowing unlimited duration
• Payouts processed within 7 days
• Trading on the MT5 platform with flexible trading rules

Pros of Blue Guardian

• No time pressure during evaluation phases
• Transparent and flexible risk management rules
• Fast payout processing within one week

10. FundedNext

FundedNext is a rapidly growing proprietary trading firm headquartered in Ajman, UAE, dedicated to empowering traders worldwide with access to capital and flexible trading conditions. The firm offers multiple evaluation programs, including one-step and two-step challenges, with account sizes ranging up to $200,000 and scaling potential. FundedNext supports popular platforms such as MetaTrader 4, MetaTrader 5, and cTrader, catering to diverse trading styles, including news trading, though some restrictions apply for express plans. 

Key Features of FundedNext

• Multiple evaluation plans are stellar, including 1-Step, 2-Step, and Express Challenge.
• Profit splits up to 95%, with a 15% profit share during the challenge phase.
• Trading platforms supported: MT4, MT5, and cTrader, plus TradingView integration
• Fast payout processing with a guaranteed 24-hour payout or compensation
• Account sizes from $66,000 to $200,000 with scaling opportunities

Pros of FundedNext

• High profit splits with early profit sharing during evaluation
• A variety of challenge programs suitable for different trading styles
• Rapid payouts and strong community support with global networking events

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Goat Funded Trader is a top prop firm with no trading challenges. Instead of having to complete a trading challenge to gain access to a funded trading account, traders can choose to start with an immediate funding option or customize their challenge. Goat Funded Trader gives traders access to simulated accounts up to $800,000 with no minimum targets, no time limits, and rapid payouts. 

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