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Canada

Written by Paul
Published on
August 7, 2025

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TL;DR: Best Prop Firms in Canada (2025 Edition)

Best For: Traders in Canada who want fast payouts, fair rules, and legit funding options without the nonsense.

✅ Top Picks in Canada
TopOneFutures → Smooth payouts, futures-first focus, and rules that don’t feel like a trap.
Tradeify → Instant funding option with no gimmicks, solid if you hate waiting.
TakeProfitTrader → Great balance of fair rules and flexible scaling.

✅ Why These Firms Work for Canadian Traders

  • Payouts via bank, Wise, or PayPal (no sketchy delays)
  • Options for both eval challenges and instant funding
  • Clear drawdown rules (intraday vs EOD explained upfront)
  • Responsive support that doesn’t ghost you

❌ Avoid Firms That:

  • Stall your payout requests
  • Charge sneaky reset fees
  • Promise “guaranteed profits” (total nonsense)

🎯 Bottom Line:
If you’re trading from Canada, I’ve tested these firms myself. They pay, they’re fair, and they actually want you to succeed. Start with TopOneFutures if you want a clean futures-focused experience without the BS.

My #1 Recommended Prop Firm for Canadian Traders: TopOneFutures

I’ll be blunt. Most prop firms out there either make you jump through hoops or drag their feet when it’s payout time. TopOneFutures is one of the rare ones that didn’t make me roll my eyes halfway through the process.

I tested them on my usual NQ setups, ran the evaluation, and got through clean. First payout request? Landed in my Wise account in under 48 hours. That’s the kind of speed that actually matters when you’re trading from Canada.

✅ Pros

  • Futures-focused with rules that don’t feel like a trap
  • Payouts within 1–2 days (bank or Wise—no crypto-only nonsense)
  • 90% profit split on funded accounts
  • Fair drawdowns (clear intraday vs EOD policy)
  • Reliable support that actually replies when you need them

❌ Cons

  • Strict about daily loss limits (don’t get sloppy)
  • Evaluation fees aren’t the cheapest out there

🎯 Recommended For:
Traders in Canada who want fast, clean payouts and a futures-first platform without all the noise.

“Trading with TopOneFutures felt like a breath of fresh air—no gimmicks, just rules you can actually follow. If you’re serious about futures, this is the one I’d start with.”

👉 My detailled Review on TopOneFutures

Tradeify

When I first tried Tradeify, I honestly didn’t expect much. Instant funding firms usually scream “too good to be true.” But this one? Actually delivered. Setup was painless: sign up, get credentials, and start trading. No endless evaluations, no ridiculous checklists.

Core Features & Rules

  • Funding up to $200K, depending on the plan you choose.
  • No evaluation — you’re trading real funded capital right away.
  • 80% profit split, which is decent for an instant-funding model.
  • Drawdowns are clear (fixed per account type). No sneaky intraday resets.
  • Payouts via Wise or PayPal, usually within the same week.

I tested them with a conservative futures-style strategy (even though they’re more forex/CFD-focused). Execution was clean — no weird slippage or spreads. The biggest plus: I didn’t waste weeks grinding through a challenge just to prove I can follow risk rules.

✅ Pros

  • True instant funding: no multi-step evaluations
  • Payouts processed fast — my first hit PayPal in 4 days
  • Clean dashboard and straightforward rules
  • Great if you want to scale up without the stress of challenge resets

❌ Cons

  • Lower profit split (80%) compared to eval-based firms like TopOneFutures
  • No futures products — forex and CFDs only
  • Fees are a bit higher upfront (you’re paying for skipping the challenge)

🎯 Verdict for Canadian Traders
If you’re tired of failing evaluations or just want to skip the stress test, Tradeify is worth it. Yes, you’ll give up a slice of your profit split, but in exchange, you get instant access to capital and no hoop-jumping. Perfect for traders who want to start earning without the waiting game.

👉 My detailled Review on Tradeify →

FundingTicks

FundingTicks is one of those firms that’s flying under the radar. I didn’t hear about them from ads or influencers — someone mentioned them in a trading room, so I gave it a shot.

I tested their 2-step evaluation with a forex-heavy swing setup. No issues with execution, and their rules were refreshingly clean. No weird clauses. No random resets. I actually forgot I was mid-challenge because it didn’t feel like they were trying to trap me.

Core Features & Rules

  • Max funding: $150K
  • Evaluation: 2-step model (standard profit targets, reasonable DD)
  • Profit split: 80%
  • Drawdown: Clear, static max loss + daily loss limit
  • Payouts: 3–4 business days via Wise or bank
  • Platform: MT5 + Webtrader

✅ Pros

  • No surprise fees or sketchy rule enforcement
  • Clear trader dashboard; metrics are transparent
  • Stable execution (I used a mid-size account)
  • Quietly building a strong rep among experienced traders

❌ Cons

  • Still relatively new — not much long-term track record
  • No futures products
  • Support is decent, but no live chat

🎯 Verdict for Canadian Traders
If you’re trading forex and tired of big-name firms with big egos, FundingTicks is a low-drama, high-function option. Especially if you want a firm that just works — without a Discord channel hyping every payout.

👉 My detailled Review on FundingTicks →

TakeProfitTrader

When I signed up for TakeProfitTrader, I wasn’t expecting much beyond another “challenge factory.” But it turned out to be one of the more balanced firms I’ve tested. Their evaluation process isn’t brutal — realistic targets, clear risk parameters — and payouts landed without drama.

Core Features & Rules

  • Max funding: $150K
  • Evaluation: 1-step challenge
  • Profit split: 90%
  • Payouts: 2–3 business days via PayPal or bank
  • Drawdown: Daily + max trailing, clearly outlined
  • Scaling: Generous scale-up if you maintain consistency

✅ Pros

  • 1-step evaluation saves you time (no endless grind)
  • 90% profit split puts more in your pocket
  • Payouts were smooth — my first landed in 3 days
  • Flexible scaling for consistent traders

❌ Cons

  • Evaluation fees feel pricey if you’re just starting out
  • Dashboard UI is a bit clunky — not the cleanest I’ve used

🎯 Verdict for Canadian Traders
If you want a solid balance between realistic evaluations and strong payouts, TakeProfitTrader is worth a look. It’s especially good if you want to avoid the marathon-style two-step challenges.

👉 My detailled Review on TakeProfitTrader →

FundingPips

FundingPips doesn’t make a lot of noise — and that’s kind of refreshing. While some firms shout about their “revolutionary” programs, this one keeps it simple. I tested them with a price-action forex strategy, and execution was stable the whole way.

Core Features & Rules

  • Max funding: $200K
  • Evaluation: 2-step challenge
  • Profit split: 80%
  • Platforms: MT4 and MT5
  • Drawdown: Fixed rules, easy to follow
  • Payouts: 3–4 business days, processed via Wise

✅ Pros

  • Very clean MT4/MT5 integration
  • No sneaky rule changes mid-eval
  • Transparent rules from the start
  • Stable execution; spreads didn’t spike randomly

❌ Cons

  • No futures access (forex and CFDs only)
  • 80% split is fair but not market-leading
  • Less suited for aggressive intraday styles

🎯 Verdict for Canadian Traders
If you’re trading forex more than futures and want a reliable platform without drama, FundingPips is a solid pick. Not flashy, but it does the job well.

👉 My detailled Review on FundingPips →

FundedNext

I was skeptical about FundedNext at first — mostly because they seem everywhere with their marketing. But when I put them to the test, I found they backed it up with decent programs and fast payouts. Their weekly payout option is a big win.

Core Features & Rules

  • Max funding: $300K
  • Evaluation: 2-step challenge
  • Profit split: 85%
  • Payouts: Weekly, via Wise or bank transfer
  • Scaling: Structured, with clear targets
  • Extra: Account feedback and performance tracking built in

✅ Pros

  • Weekly payouts (rare in the industry)
  • Wide variety of account types
  • Helpful feedback system post-evaluation
  • Strong scaling opportunities

❌ Cons

  • So many programs, it can feel overwhelming
  • Futures traders will find limited options
  • Some users report inconsistent support response times

🎯 Verdict for Canadian Traders
If you like frequent payouts and a lot of flexibility in account types, FundedNext delivers. Great for traders who want more than just a cookie-cutter evaluation.

👉 My detailled Review on FundedNext →

The5ers

The5ers has been around longer than most in the game. And you can feel that stability when you’re trading with them. It’s not the flashiest firm out there, but they’ve built trust the old-fashioned way—by paying out, playing fair, and staying consistent.

I ran a forex-based strategy on their platform, and everything from execution to tracking was smooth. Their customer service felt human — not just AI copy-paste responses. That alone is rare.

Core Features & Rules

  • Max funding: $200K
  • Evaluation: 2-step challenge (strict but fair)
  • Profit split: 80%
  • Payouts: Processed weekly, no payout thresholds
  • Platform: MT5 and web-based
  • Support: Fast and personal — I had emails answered same-day

✅ Pros

  • Trusted long-term firm with a clean track record
  • Payouts are predictable and drama-free
  • Account options for both swing and intraday traders
  • Clear rules, no daily loss traps

❌ Cons

  • Slower funding process than newer firms
  • 80% split is fair, but others offer more
  • Evaluation rules might feel tight for scalpers

🎯 Verdict for Canadian Traders
If you want something stable, proven, and without all the hype, The5ers is a good option. Great for traders who value reputation and consistency over trend-chasing.

👉 My detailled Review on The5ers →

MyFundedFutures

This one’s for the futures crowd — and yeah, I was impressed. I ran my typical NQ price action strategy here, and the evaluation felt built for real traders, not just rule-checkers.

Passed the challenge in two weeks. First payout request? Landed in my account within 72 hours. Their Discord is actually helpful (rare), and the team behind it seems genuinely focused on trader success — not just fee collection.

Core Features & Rules

  • Max funding: $250K
  • Evaluation: 2-step challenge
  • Profit split: 90%
  • Payouts: Usually 2–3 days
  • Platform: Tradovate, Rithmic
  • Focus: 100% futures

✅ Pros

  • Clean, fair futures-only funding
  • Fast payouts with no weird hoops
  • Support that actually knows what futures are
  • Active Discord with real mod support

❌ Cons

  • Not available in all regions (check before you buy)
  • Scaling is a bit slower than some competitors

🎯 Verdict for Canadian Traders
If you’re trading NQ, ES, or any futures products, this is one of the top firms in the space right now. Especially if you value real support and a no-BS backend.

👉 My detailled Review on MyFundedFutures →

TickTickTrader

I’ll be honest — I originally signed up for TickTickTrader because I was curious how they’d even make the subscription model work. Turns out, it’s a solid option if you're early in your prop trading journey or don’t want to commit big money upfront.

Evaluation rules are chill, and you don’t get booted for one bad trade. It’s like the “budget gym membership” of prop firms: not fancy, but gets the job done.

Core Features & Rules

  • Max funding: $100K
  • Model: Monthly subscription access
  • Profit split: 80%
  • Drawdown: Fixed, with generous thresholds
  • Payouts: Weekly, via standard bank methods
  • Platform: Rithmic + Tradovate access

✅ Pros

  • Super affordable to get started
  • No massive upfront eval fees
  • Rules are soft enough for newer traders
  • Weekly payouts

❌ Cons

  • Support is hit-or-miss (emails can take time)
  • Not ideal for advanced traders needing big scaling
  • Lower profit split

🎯 Verdict for Canadian Traders
If you’re new to futures prop firms or want to test the waters without dropping $150+ on a challenge, TickTick is a decent entry point. Just don’t expect premium service — you’re paying for access, not polish.

👉 My detailled Review on TickTickTrader →

Buyer’s Guide: How to Choose the Right Prop Firm in Canada

If you're trading from Canada, picking the right prop firm isn’t just about the best split or fastest payout — it's about fit. Fit for your strategy, your trading style, and your risk mindset. Here's what actually matters:

What Makes a Prop Firm Great (Especially for Canadians)

Let’s be real — most prop firms operate globally. But not all of them work well for Canadians.

✅ Fast & Reliable Payouts
You don’t want to win trades and wait 10+ days just to get paid. Top picks on this list (like TopOneFutures and MyFundedFutures) pay out via Wise or PayPal in under 72 hours. That’s the bar.

✅ Clear Rules
If a firm can’t explain their rules without a flowchart, skip it. Especially around drawdowns. If you don’t know what EOD vs. intraday drawdown means, read this first.

✅ Support That Doesn’t Vanish
Live chat, responsive email, Discord that isn’t just memes — these things matter when payouts or logins fail. I’ve tested them all, and I only recommend firms that respond when it counts.

✅ No BS Reset Fees or Surprise Clauses
Some firms love to bury you with auto-resets, forced add-ons, or arbitrary payout limits. Everything listed in this guide is vetted — no hidden traps.

Instant Funding vs. Evaluation — What Works in Canada?

Evaluation firms (like TopOneFutures, MyFundedFutures):

  • Usually cheaper up front
  • Higher profit splits
  • More long-term scaling potential
  • You prove discipline = you get funded

Instant funding firms (like Tradeify):

  • Higher upfront fees
  • Lower profit split
  • But you skip the challenge entirely
  • Best for traders who are already consistent but hate tests

Which one’s “better”? Depends on your psychology. If you fail challenges under pressure, instant might make more sense — but read this first.

How Do Prop Firm Payouts Work in Canada?

Most firms listed here support global payout methods:

  • ✅ Wise (best combo of speed + FX rates)
  • ✅ PayPal (instant, but watch the fees)
  • ✅ Bank transfer (slower, but safe)
  • ❌ Crypto (sketchy firms push this as their only method — avoid)

Tip: If you're trading large size, Wise > PayPal for fee savings.

Red Flags: When to Skip a Firm (Even If It Looks Cool)

  • Delayed or frozen payouts
  • Hidden terms (drawdowns, resets, profit caps)
  • Payout methods limited to crypto only
  • No real support team (or it’s just Discord mods)
  • Vague refund policies

If it looks too good to be true… it usually is.

Is Prop Trading Regulated in Canada?

This is the big one.

Technically, prop trading isn't illegal in Canada — but it isn’t regulated by Canadian securities commissions either, because you're trading firm capital on simulated or funded accounts, not on behalf of clients.

You’re an independent contractor, not a licensed trader or advisor. That means:

  • You don’t need a license to trade prop
  • You do need to report your income for taxes
  • The firms you trade with are likely based offshore — and that’s normal

👉 Want the deep dive? Read this guide

✅ Tip: Stick to firms that clearly state their payout process and tax reporting responsibilities. Most will send payout docs on request — others just send the money and leave it up to you.

Mental Game: Your Psychology Will Break Before Your Strategy Does

Most traders fail not because their strategy sucks — but because their mindset does. Especially during evaluations. Here’s what works:

  • Journal every trade (even the dumb ones) → why journaling matters
  • Trade small and slow until you pass
  • Avoid revenge trades after a drawdown
  • Stick to 1–2 high-quality setups, max

Need help with mindset? Start here.

Where to Start If You're a Canadian Trader

If you're just getting started:
→ Try Tradeify for instant funding (skip the stress test)
→ Or go for TopOneFutures if you're confident and want real long-term upside

Already trading but stuck in a loop of failed challenges?
→ Read how I scaled to $50K+/month across multiple firms

FAQ: Prop Trading in Canada — What You Need to Know

Are prop firms legal in Canada?

Yes. Prop trading is legal in Canada. You don’t need a license because you're trading firm capital — not managing other people’s money. These firms are usually offshore, but that doesn’t make them shady. Just make sure they actually pay out.

→ What is prop trading?

Which prop firms are best for Canadian traders?

I’ve tested 50+ and found these three stand out in Canada:

  • TopOneFutures → Fast payouts, clean rules, futures-focused
  • Tradeify → Instant funding, no challenge needed
  • MyFundedFutures → Serious futures firm with strong support
    You can’t go wrong starting with any of these — just depends on your style.

→ Compare all top prop firms for Canada →

Can Canadian traders get instant funding?

Yep. Firms like Tradeify offer legit instant funding — you sign up, get credentials, and start trading funded capital the same day. No evaluation, no games. Just remember: you’re paying for speed, not profit split.

→ See 5 top instant funding firms

What’s the cheapest prop firm for Canadians?

TickTickTrader is probably your lowest-cost entry point.
Their monthly subscription model means no big upfront fees. It’s great for testing strategies in a funded environment without spending $150+ on an evaluation.

→ Check TickTickTrader’s setup

How do payouts work with prop firms in Canada?

Most firms use Wise, PayPal, or bank transfer. No crypto-only schemes here.

  • Wise is best for Canadians (speed + FX rate)
  • PayPal is instant, but has higher fees
  • Bank wires work, but they’re slower
    If a firm stalls payouts or only offers crypto? Red flag.

→ More on payout red flags →

Do Canadian traders have to pay tax on prop firm income?

Yes — this is income. Even if the firm is offshore, you’re earning profits and the CRA wants its cut. Keep track of payouts, save your email receipts, and talk to an accountant once you start scaling.

What prop firms support futures trading in Canada?

If you’re a futures trader in Canada, your best bets are:

Is prop trading a full-time career path in Canada?

It can be. But it’s not easy money. Most fail because they lack structure, risk management, or emotional control. If you treat it like a business — journal, track, scale — yes, you can make it your career.

→ Read: Why most traders fail at prop firms

What's the best way to pass a prop firm evaluation?

  • Trade fewer setups
  • Size down aggressively at the start
  • Avoid revenge trades at all costs
  • Know the rules inside-out
    You’re not trying to impress anyone. You’re trying to survive.

→ Step-by-step: how to pass challenges

Ready to Get Funded in Canada?

If you've made it this far, you're probably not just curious — you're ready. Maybe you’ve blown a few challenges. Maybe you’re tired of the YouTube hype and Discord chaos. Maybe you just want a straight shot at trading capital that doesn’t feel like a scam.

Here’s the truth:

Getting funded isn’t about being perfect.
It’s about being consistent, avoiding dumb mistakes, and choosing the right firm — not just the one with the biggest YouTube sponsor.

And if you’re in Canada, you’ve got options that work. I’ve tested these firms myself. I’ve passed challenges, hit payouts, and yes — failed a few along the way too.

So if you’re serious about getting funded in 2025...

✅ Start with TopOneFutures → (if you want fast payouts and a real futures setup)
✅ Read My Guide to Passing Evaluations →

This game rewards discipline, not luck.
And if you can stick to that — there’s serious capital waiting for you.