Futures Prop Firms That Allow Copy Trading In 2024: A Guide

Futures prop firms that allow copy trading poses a platform ensuring that less skilled traders profit from the methods of more experienced traders. Proprietary trading firms (prop firms) give traders access to capital so they can trade without having to risk their own money. This article will examine copy trading futures prop firms and highlight their salient characteristics, advantages, and frequently asked questions. 

What Is Copy Trading: 

Copy trading offers an atmosphere where inexperienced traders gain from the knowledge of seasoned pros, which could improve their trading results. Using the copy trading strategy, traders can automatically mimic the deals made by other profitable traders in the same firm. The platform and policies of the prop firm will determine whether copy trading is entirely automated or requires some manual control. 

Advantages of Copy Trading for Prop Firms 

• Learning and Strategy Development: Copy trading shortens the learning curve for less experienced traders by letting them absorb the tactics and choices of more seasoned traders.
• Time Efficiency: By automating trading decisions, traders can free up time to concentrate on other facets of their personal or professional lives.
• Risk diversification: Traders can spread their risk and lessen the effect of any one trader’s underperformance by imitating several traders using various techniques.
• Access to Tried-and-True techniques: Copy trading increases traders’ chances of success by providing them with tried-and-true techniques. 
• Community and Collaboration: A lot of prop firms that permit copy trading encourage a friendly, cooperative atmosphere where traders can exchange ideas and tactics, which helps them become even more proficient traders.

Top Futures Prop Firms That Allow Copy Trading

The top futures prop firms that allow copy trading features are as follows:

1. Topstep Overview:

Providing a comprehensive platform for futures traders, Topstep is one of the most well-known companies in the prop trading sector.

Important characteristics:

• Copy Trading: Traders can emulate the trades of their prosperous peers by using their own platform, TopstepX.
• Profit Split: Up to 90% of profits can be kept by traders. 
• Cost: Depending on the size of the account, monthly costs begin at $165.
• Support: Offers tools and performance coaching to traders in order to help them get better.

Advantages of Topstep: 

• Well-established reputation and robust community backing.
• Swift procedure for account approval.

Disadvantages of Topstep: 

• Only day trading is permitted; overnight positions are not.

2. Apex Trader Funding:

This adaptable prop organization enables traders to access numerous accounts and replicate trades amongst them.

Important characteristics:

• Copy Trading: Within the company, traders can replicate transactions made by successful accounts.
• Profit Split: Shared profits of up to 90%.
• Cost: $137 a month for a $100,000 account is the starting price. 
• Diverse Markets: Futures, commodities, and FX are available.

Advantage of Apex Trader Funding

• Strong possibility for profit-sharing 
• Adaptability in trading tactics.

Disadvantage of Apex Trader Funding

• Some traders could be put off by the initial activation fees.

3. The Trading Pit Overview:

The Trading Pit is a more recent company that provides easy-to-use copy trading software and quick funding.

Important characteristics:

• Instant Funding: After registering, traders are able to begin trading right away.
• Profit Split: Retaining up to 80% of profits. 
• Cost: For a $50,000 account, it starts at $99 per month.
• Flexible Trading Rules: Provides a range of tactics without imposing rigid limitations.

Advantages of Trading Pit 

• Reasonably low entrance fees.
• Substantial community backing.

Disadvantage of Trading Pit

• Less profit sharing in comparison to certain rivals.

4. My Funded Futures:

The primary goal of My Funded Futures is to offer copy trading alternatives together with an easy and reasonably priced funding method.

Important characteristics:

• The ability to duplicate profitable deals from one’s account is known as copy trading.
• Split the profit: Keep up to 75% of the earnings.
• Cost: A $10,000 account starts at $49.
• Market Access: There are several different futures markets. 

Advantages of My Funded Futures

• Cheap starting costs.
• A transparent evaluation procedure.

Disadvantages of My Funded Futures

• Not as many instructional materials as larger companies.

5. City Traders Imperium

With immediate funding and a variety of trading alternatives, including copy trading, City Traders Imperium (CTI) gives traders the power to succeed.

Important characteristics:

• Copy trading enables traders to replicate profitable deals made by other members of the firm.
• Profit Split: Depending on performance, up to 100% of profits are kept.
• Cost: For a $50,000 account, it starts at $99 per month.
• No Time Limit: There are no time restrictions for traders.

Advantages of City Traders Imperium

• Strong possibility for profit-sharing is a pro. 
• Strong resources for education and community support.

Disadvantages City Traders Imperium

• More upfront expenses in comparison to some other affordable choices.

Summarily,

Futures prop businesses that permit copy trading present a special chance for traders to improve their trading skills by taking advantage of the knowledge of profitable peers. 

Companies that serve both beginning and seasoned traders include Topstep, Apex Trader Funding, The Trading Pit, My Funded Futures, and City Traders Imperium. Traders can enhance their trading success and reduce personal risk by being well-informed on the benefits and drawbacks of copy trading.

Commonly Asked Questions

1. In prop businesses, what is copy trading?

• In prop businesses, copy trading enables traders to automatically copy the deals made by profitable traders in the firm. This makes it possible for less seasoned traders to profit from seasoned specialists’ skills.

 2. How is copy trading carried out?

• Depending on the performance of the trader being copied, a trader’s trading platform will automatically execute the identical deals in their account when they opt to copy another trader.

3. Does copy trading come with any risks?

• Indeed, trading still carries some risk, even with duplicate trading. The success of the trader being copied determines how well duplicated trades perform, and there is always a chance of losing money.

4. Can I select the trader I want to emulate?

• Indeed, the majority of prop firms that provide copy trading offer a range of traders for replication. Before making a choice, it’s critical to evaluate their track record of success, trading philosophy, and risk management strategy.

 5. Does copy trading require additional fees?

• Many prop businesses offer copy trading services as part of their regular service, although some may charge for it. Examining each company’s unique terms and conditions is crucial.

6. Can I replicate deals made by several traders?

• Indeed, you may duplicate trades from multiple traders on a lot of platforms, which helps you spread out your techniques and lower your risk.

7. What is the process for beginning copy trading in a prop firm?

• Selecting a prop business that provides copy trading, creating an account, and getting acquainted with the platform’s capabilities are the first steps in getting started. You can then choose which traders to copy and start trading.