In this article, I will examine the prop firms that work with a liquidity provider, focusing on how they offer traders deep liquidity and rapid execution on their trades.
These firms offer narrowed spreads, more professional trading conditions, and more scalable funding in the long run.
These prop firms work with liquidity providers, and knowing this will maximize your trading potential, whether you are a novice or a seasoned trader.
Key Points & Top Prop Firms That Use Liquidity Providers for Traders
| Firm | Liquidity Provider |
|---|---|
| Apex Trader Funding | Information not publicly disclosed. |
| FundedNext | Aggregated liquidity from multiple top-tier institutions’ liquidity providers. |
| The 5%ers | Trades directly through commercial liquidity providers; specific providers are confidential. |
| City Traders Imperium | Partnered with a tier-1 liquidity provider, Broctagon, a CySEC-regulated entity. |
| Funding Pips | Works with trusted liquidity providers through platforms like Match-Trader and cTrader. |
| Topstep | Information not publicly disclosed. |
| Goat Funded Trader | Information not publicly disclosed. |
| Blue Guardian | Utilizes real market quotes sourced from liquidity providers in a simulated environment. |
| FXIFY | Information not publicly disclosed. |
10 Top Prop Firms That Use Liquidity Providers for Traders
1. Apex Trader Funding
Apex Trader Funding is a prop firm focusing on futures. By working with liquidity providers, they guarantee fast execution with tight spreads. This allows traders to adapt to real market conditions, which is an excellent practice for professional environments.
Different account sizes and challenge types are offered, which range from one to two-step evaluations. For scalpers and day traders, the firm’s use of a liquidity provider is a plus.
They accept Ninja Trader, which is a popular platform, and allow overnight and weekend holding. Apex’s model aims to realistic trading experiences while profit splits and entry costs are remarkably generous.
Pros And Cons of Apex Trader Funding
Pros:
- High Profit Split: Provides as much as 90% profit split. This attracts traders because of the notable earnings.
- Flexible Evaluation: Two-step evaluations and instant funding options allows Apex Trader Funding to offer flexible evaluations.
- No Daily Drawdown: No daily drawdown allows traders to focus on their tactics without worrying about daily loss limits.
- Multiple Account Access: Funded traders can access and trade 20 accounts simultaneously which increases their potential profit.
Cons:
- Limited Liquidity Transparency: In some trading communities, the lack of publicly available information on liquidity providers and certain specifics can raise concerns.
- Platform Restrictions: Clients can only trade futures, which can be limiting for traders who want to trade different instruments.
- Customer Support Concerns: Clients have encountered problems with responsiveness.
2. FundedNext
FundedNext is a forex and CFD prop firm that integrates liquidity providers to offer real market execution. This setup ensures traders experience minimal slippage and competitive spreads.
FundedNext offers multiple funding models, including evaluation and express funding, with profit splits up to 90%.
Their partnership with liquidity providers allows for smoother trade execution and access to a wide range of instruments.
Traders can use platforms like MetaTrader 4 and 5. FundedNext emphasizes global accessibility and supports various trading styles, including swing and scalping.
Their infrastructure mimics live trading conditions, making them appealing to serious forex traders.
Pros And Cons Of FundedNext
Pros:
- Aggregated Liquidity: Having multiple liquidity providers greatly improves order execution and trading fairness.
- Simulated Real Market Environment: Close to actual market trading experience is provided to users of their platform.
- Flexible Profit Sharing: For traders that are able to attain their profit metrics without exceeding loss limits, 95% profit split can be attractive.
- No Time Limit: Traders can be mentored and given as much time as necessary to prove their trading skills and significantly reduce pressure to underperform.
Cons:
- Simulated Trading: All trading happens in a simulation. It isn’t possible to recreate the true market dynamics.
- Liquidity Provider Transparency: The specific names of liquidity providers are not made available to the public.
- Platform Limitations: There is not enough information about the trading platforms and tools supported.
3. The 5ers
The 5ers provides forex trading people with instant funding, instant growth scaling, and as much as 4 million funds handled. 5ers allows overnight and weekend positions, creating perfect conditions for swing traders.
5ers provides trading and education rooms for learning, including coursework and portfolio review.
Working with liquidity providers gives traders realistic mid and market execution, and strategy testing traders work with live pricing.
This simulated trading environment is used for evaluation, though it has real trading and market conditions.
Pros And Cons: The 5%ers
Pros:
- Direct Market Access: Trades directly through commercial liquidity providers and avoids the retail brokers.
- Tight Spreads: It is as low as 0.0 pips. This is advantageous to scalpers and high-frequency traders.
- Unlimited Timeframes: There are no time limits on evaluations and traders can move at their own pace.
- Scalable Funding: It is possible to scale funding to $4M.
Cons:
- Confidentiality: Keeps liquidity providers a secret and this may bother traders who want transparency.
- Limited Market Access: The business is mostly forex trading and lacks on other assets.
- Evaluation Costs: The evaluation may feel overpriced to some traders in comparison to other firms.
4. City Traders Imperium
City Traders Imperium (CTI) is a London proprietary trading company that partners with liquidity providers. CTI specializes in trading forex and CFDs, where traders are offered low institutional spreads and premium execution.
CTI offers direct funded accounts and accounts where traders go through a challenge to receive funding. CTI provides mentorship and coaching to all funded traders, furthering their education.
CTI partnered with liquidity providers to provide traders with low latency and direct market access.
This is especially useful for traders needing accuracy, such as scalpers and algorithmic traders. CTI is designed to provide traders with access to professional trading and to be resilient for the long term.
Pros And Cons of City Traders Imperium
Pros:
- Tier-1 Liquidity Provider: Partners with a tier-1 liquidity to offer optimum trading conditions.
- High Profit Share: Up to 100% profit split is offered as a profit share and it draws skilled traders.
- No Time Limit: Reviews without time constraints lowers traders’ pressure.
- Scalable Funding: Funding grows up to $4M, which is ideal for traders seeking large capital to scale.
Cons:
- Broker Partnership: Some traders may be unfamiliar with having no broker, with which to operate.
- Platform Restrictions: Under-documented trading platform and features
- Liquidity Provider Transparency: Details about the liquidity provider is absent.
5. Funding Pips
Funding Pips is a newer prop firm that works with liquidity providers to offer genuine market conditions for forex and CFD traders. Their evaluation system is simple, comprising a single-phase challenge with reasonable profit splits.
The firm allows different trading methods and supports MetaTrader platforms. With liquidity providers, Funding Pips guarantees quick execution and tight spreads, critical for news and high-frequency traders.
Their model has minimal restrictions and clear rules, making it trader-friendly. Funding Pips seeks to give traders the best possible experience to transition from demo to live trading.
Pros And Cons of Funding Pips
Pros:
- Trusted Liquidity Providers: Partners with respected liquidity providers over Match-Trader and cTrader.
- Multiple Platforms: Offers several trading platforms to accommodate the diverse needs of traders.
- Generous Profit Split: Trades receive competitive profit-sharing contracts on the continuum of their performance.
- Flexible Evaluation Programs: Provides different evaluation programs to accommodate various trading styles.
Cons:
- Simulated Trading: Trading is all in the sim setup which may not give the real market conditions.
- Liquidity Provider Transparency: Not sharing the names of liquidity provider could be considered opacity.
- Platform Limitations: Under-documented trading platform and features
6. Topstep
Topstep focuses on futures and works with liquidity providers for market data and execution in real time. Traders complete a two-part evaluation to obtain a funded account.
Topstep’s working with liquidity providers means traders can develop consistent strategies in real market conditions, which is essential. Topstep supports TradingView and NinjaTrader.
Topstep focuses on education and risk management, providing performance tools and coaching.
Their infrastructure is designed to emulate professional trading desks, which is why they rank highly for futures traders looking for realistic and encouraging environments.
Pros And Cons of Topstep
Pros:
- Futures Focused: Specializes in futures trading while offering a structured environment for futures traders.
- Real Capital: After evaluations, traders are granted access to real capital to trade.
- Daily Payouts: Earning access is timely as daily payouts are made ([Topstep][8]).
- Extensive Support: Coaching and additional support helps traders to succeed.
Cons:
- Limited Market Access: Only futures trading is offered, while forex or stocks, and other asset classes are excluded.
- Costly Evaluation: Evaluation fees may be higher than other firms is the perception of some traders.
- Restrictions of the Platform: Little information is available on the platforms and trading tools supported.
7. Goat Funded Trader
Goat Funded Trader is a prop firm that offers forex and CFD traders real market execution using liquidity providers.
Their funding programs feature flexible one-step and two-step options. The company supports the MetaTrader platforms and accommodates different trading techniques, such as scalping and swing trading.
Goat Funded Trader collaborates with liquidity providers, which guarantees low latency and tight spreads, optimizing the trading experience.
The firm’s model is attainable and open with easy-to-follow guidelines and considerable profit-sharing. Goat Funded Trader’s vision is to provide traders with empowering, achievable prospects.
Pros And Cons of a Goat Funded Trader
Pros:
- Real Market Conditions Used in the Simulation: A simulation of real trading is created for a trader using real market quotes of a liquidity provider ([GoatFundedTrader][9]).
- Profitable Split: A profit split of 100% is offered.
- No Time Constraint: Progress as desired is possible since the evaluation is untimed.
- Use of Different Platforms: Different trading platforms are available to accommodate varied trader preferences.
Cons:
- Still a Simulation: All trading is performed using a simulation which may not play out in live market scenarios.
- Liquidity Provider Transparency: No details about the liquidity provider are made public.
- Platform Restrictions: Information on trading platforms and tools is limited.
8. Blue Guardian
Blue Guardian is a Forex prop firm with integrated liquidity providers to offer real market conditions. Blue Guardian has a one-phase challenge with consistency and risk management as focal points.
Blue Guardian uses the MetaTrader suite and a wide variety of trading instruments. Thanks to the use of liquidity providers, Blue Guardian can offer real-time and precise execution of trades which is vital for traders.
The firm prioritizes transparency and is supportive of their clients, having a suite of educational materials and tools for tracking progress.
The purpose of the infrastructure is to create the illusion of a live trading environment so that traders can better prepare for real-world trading.
Pros And Cons of Blue Guardian
Pros:
- Tier-1 Liquidity Provider: Partners with a tier 1 liquidity provider to offer optimum simulated mkts. conditions ([AquaFunded][10]).
- Instant Funding: Funding is instant, so traders may begin trading with no gap.
- High Profit Split: Attracts skilled traders with a profit split of 90% which is a profit split.
- Flexible Payouts: After 7 days, traders may request a payout, which is guaranteed to be completed in 48 hours.
Cons:
- Simulated Trading: The accounts which are funded have to only trade in a simulated environment, which doesn’t fully emulate the dynamics of trading in the live market
- Liquidity Provider Transparency: No details about the liquidity provider are made public.
- Platform Restrictions: Information on trading platforms and tools is limited.
9. FXIFY
As a proprietary trading company, FXIFY provides real-time market access and competitive pricing through their liquidity providers.
They have an evaluation and express funding model. They support trading on MetaTrader and accommodate different trading styles.
FXIFY has partnerships with multiple liquidity providers which guarantee low slippage and dependable order fills, attributes that scalpers and news traders value highly.
They emphasize trader development and provide scaled increases in capital and generous profit sharing.
Their live trading environment, built to realistic standards, best serves traders who want to be challenged in a nurturing environment.
Pros And Cons of FXIFY
Pros:
- Flexible Evaluation Models: The traders may choose to complete a challenge or go for instant funding.
- High Profit Split: Profit sharing is lucrative here, which is a great incentive for traders.
- No Time Limit: The evaluations have no time constraints.
- Multiple Platforms: There are many trading platforms to choose from.
Cons
- Simulated Trading. There is scant information indicating whether all trading is done in a simulated environment.
- Liquidity Provider Transparency. There are no specific details regarding the liquidity provider.
- Platform Limitations. There is limited information regarding the supported trading platforms and tools.
10. DNA Funded
As a proprietary trading company, DNA Funded has authentic trading conditions since they partner with liquidity providers.
Their evaluation model is intuitive because they emphasize consistency and risk management. DNA Funded accepts diverse trading styles on all MetaTrader platforms.
The proximity to liquidity providers results in fast execution and narrow spreads, creating good conditions for strategy formation.
The firm focuses on support and transparency to the trader, which is evident in the well-defined rules and profit splits.
Their systems simulate live market conditions to help traders with the transition from demo accounts to funded accounts.
Pros And Cons of DNA Funded
Pros:
- Trading Conditions: Engages liquidity providers to mimic a live trading environment, featuring tight spreads and quick execution.
- Evaluation Model: One of the most straightforward models available, comprising a basic challenge and simple rules, making it qualifying easier.
Cons:
- No Free Retakes: If you fail the challenge, you’ll need to repurchase the evaluation, which increases your costs.
- Support Limitations: The size of the company may impact the responsiveness of customer service.
- No Instant Funding: Traders need to pass the challenge to access a funded account. There will never be direct funding.
How We Choose Prop Firms That Use a Liquidity Provider
Liquidity Provider Transparency Firms that either fully explain the sources of their liquidity, or that can guarantee access to tier-1 liquidities, are prioritized as they are bound to execute trades reliably.
Execution Speed & Slippage We prioritize firms that have fast execution, and low slippage as they directly affect the profitability of the traders.
Profit Split & Funding Opportunities Firms that have profit split scalability and flexible funding growth, that can grow their capital gradually are prioritized.
Evaluation Rules & Flexibility Firms that have flexible evaluation systems, and fair soft drawdown rules, and are accessible to traders of different skill levels are prioritized.
Platform & Instrument Availability The support of different popular trading platforms and a broad assortment of trading instruments such as forex, indices, commodities, and cryptocurrencies to trade are prioritized.
Reputation & Reviews We use the trader’s feedback and the community to determine if the firm is trustworthy, which aids in assessing their reputation.
Conclsuion
To conclude, prop firms like Apex Trader Funding, FundedNext, and The 5%ers that utilize liquidity providers offer traders access to deep liquidity, tight spreads, and professional-grade execution.
While some disclose their liquidity partners, others keep this information confidential. Each of these offers scalable funding alongside lucrative profit-sharing
Traders must weigh platform limitations, evaluation criteria, and transparency to find the prop firm that best suits their trading style.
FAQ
A liquidity provider supplies the market with buy and sell orders, ensuring traders can execute trades quickly and at competitive prices.
No, some firms keep liquidity providers confidential to protect proprietary strategies.
Examples include Apex Trader Funding, FundedNext, The 5%ers, City Traders Imperium, Funding Pips, Topstep, Goat Funded Trader, Blue Guardian, and FXIFY.
Traders get tight spreads, fast execution, and access to deep market liquidity, which improves trading efficiency.
Not directly, but better liquidity can reduce slippage, indirectly improving profitability.