Funding Models

Firm Capital Prop Firms

75 firms match this criteria

Firm-capital firms fund traders on real market capital — no simulator, no evaluation account, no SIM-to-live promotion step. Your P&L is real firm P&L from the first trade.

This is the classic proprietary trading model — closer to how professional prop desks operate than the challenge-based evaluation industry that grew up around retail traders. It typically comes with more selective onboarding, higher payout splits on live P&L, and a longer relationship with the firm.

The firms below fund on live firm capital rather than a SIM evaluation phase. If you're trying to move from retail evaluation firms to a genuine professional prop structure, this is the shortlist to start with.

How a firm qualifies

A firm qualifies when it runs at least one verified firm-capital desk. Structured program data decides membership; firms with no structured programs fall back to their stated primary or secondary funding model.

Results use ProprietaryTrading.com's program and account-tier data where available, with firm-level data used as a fallback when appropriate. Firms with no stated value are excluded rather than counted as zero.

Full methodology →

Industry statistics

What this group looks like

Auto-computed from proprietarytrading.com's firm database

Typical profit split: 50%
Most common platforms: Proprietary · Internal · CQG

Firm	Model	Profit split	Max allocation
SMB Capital New York, USA 3.7(28)	Leveraged Trader Capital	70%	—	View →Compare
Chicago Trading Company (CTC) Chicago, USA 3.5(1)	Firm Capital	50%	—	View →Compare
Volant Trading New York, NY, USA 3.5(1)	Firm Capital	Salary + bonus	—	View →Compare
Tower Research Capital New York, USA 2.8(7)	Firm Capital	50%	—	View →Compare
Group One Trading Chicago, IL, USA 2.0(40)	Firm Capital	—	—	View →Compare
TransMarket Group Chicago, IL, USA 1.6(177)	Firm Capital	—	—	View →Compare
Akuna Capital Chicago, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
AQR Capital Management Greenwich, CT No trader reviews yet	Firm Capital	N/A (firm capital)	—	View →Compare
Aspect Capital London No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
Belvedere Trading Chicago, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Brevan Howard St Helier No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
Campbell & Company Baltimore, MD No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
Capstone Investment Advisors New York, NY, USA No trader reviews yet	Firm Capital	—	—	View →Compare
Capula Investment Management London, UK No trader reviews yet	Firm Capital	—	—	View →Compare
Citadel Securities Miami, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Clear Street Active Trading New York, NY, USA No trader reviews yet	Firm Capital	—	—	View →Compare
Cy Group Trading Under review Chicago, IL, USA No trader reviews yet	Firm Capital	—	—	View →Compare
DRW Chicago, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Dunn Capital Management Stuart, FL No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
Eagle Seven Chicago, IL, USA No trader reviews yet	Firm Capital	Salary + discretionary bonus	—	View →Compare
Eclipse Trading Hong Kong No trader reviews yet	Firm Capital	N/A (firm capital)	—	View →Compare
Element Capital New York, NY, USA No trader reviews yet	Firm Capital	—	—	View →Compare
Five Rings New York, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Flow Traders Amsterdam, Netherlands No trader reviews yet	Firm Capital	50%	—	View →Compare
G-Research London No trader reviews yet	Firm Capital	N/A (firm capital)	—	View →Compare
Garda Capital Partners Wayzata, MN, USA No trader reviews yet	Firm Capital	—	—	View →Compare
Gelber Group Chicago, IL, USA No trader reviews yet	Firm Capital	—	—	View →Compare
Geneva Trading Chicago, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Graham Global Investment Fund Rowayton, CT No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
GTS (Global Trading Systems) New York, NY, USA No trader reviews yet	Firm Capital	—	—	View →Compare
HC Technologies Chicago, IL No trader reviews yet	Firm Capital	N/A (firm capital)	—	View →Compare
Headlands Technologies Chicago, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Hudson River Trading New York, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
IMC Trading Amsterdam, Netherlands No trader reviews yet	Firm Capital	50%	—	View →Compare
Jane Street New York, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Jump Trading Chicago, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Kershner Trading Group Austin, USA No trader reviews yet	Leveraged Trader Capital	Salary + performance bonus	—	View →Compare
Liquid Capital Group Chicago, IL, USA No trader reviews yet	Firm Capital	Salary + bonus	—	View →Compare
Mako Trading London, UK No trader reviews yet	Firm Capital	—	—	View →Compare
Man AHL London No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
Man Numeric Boston, MA No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
Marshall Wace London, UK No trader reviews yet	Firm Capital	—	—	View →Compare
Maven Securities London, UK No trader reviews yet	Firm Capital	50%	—	View →Compare
Old Mission Capital Chicago, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Optiver Amsterdam, Netherlands No trader reviews yet	Firm Capital	50%	—	View →Compare
PDT Partners New York, NY No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
PEAK6 Chicago, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Pharo Management London, UK No trader reviews yet	Firm Capital	—	—	View →Compare
Quadrature Capital London, UK No trader reviews yet	Firm Capital	50%	—	View →Compare
Quantlab Financial Houston, TX, USA No trader reviews yet	Firm Capital	—	—	View →Compare
QuantRes Under review George Town No trader reviews yet	Firm Capital	N/A (firm capital)	—	View →Compare
Radix Trading Chicago, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Rokos Capital Management London No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
RSJ Securities Prague No trader reviews yet	Firm Capital	N/A (firm capital)	—	View →Compare
Spot Trading Chicago, IL, USA No trader reviews yet	Firm Capital	—	—	View →Compare
Squarepoint Operations London No trader reviews yet	Firm Capital	N/A (firm capital)	—	View →Compare
Susquehanna International Group (SIG) Bala Cynwyd, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Symmetry Investments Hong Kong No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
The Voleon Group Berkeley, CA, USA No trader reviews yet	Firm Capital	—	—	View →Compare
Tibra Capital Sydney, Australia No trader reviews yet	Firm Capital	50%	—	View →Compare
TJM Investments Chicago, IL, USA No trader reviews yet	Firm Capital	Negotiated	—	View →Compare
Tradebot Systems Kansas City, MO No trader reviews yet	Firm Capital	N/A (firm capital)	—	View →Compare
Trexquant Investment Stamford, CT No trader reviews yet	Firm Capital	N/A (firm capital)	—	View →Compare
Trillium New York, USA No trader reviews yet	Leveraged Trader Capital	Salary + performance bonus or trader split	—	View →Compare
Two Sigma Securities New York, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Vatic Investments New York, NY, USA No trader reviews yet	Firm Capital	—	—	View →Compare
Verition Fund Management Greenwich, CT, USA No trader reviews yet	Firm Capital	—	—	View →Compare
Virtu Financial New York, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
Vivcourt Trading Sydney No trader reviews yet	Firm Capital	N/A (firm capital)	—	View →Compare
Voloridge Investment Management Jupiter, FL No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
WH Trading Chicago, IL, USA No trader reviews yet	Firm Capital	—	—	View →Compare
Wintermute London, UK No trader reviews yet	Firm Capital	50%	—	View →Compare
Winton Group London No trader reviews yet	Firm Capital	N/A (fund vehicle)	—	View →Compare
Wolverine Trading Chicago, USA No trader reviews yet	Firm Capital	50%	—	View →Compare
XTX Markets London, UK No trader reviews yet	Firm Capital	50%	—	View →Compare

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