In this data-driven guide, we analyze 17 proprietary trading firms operating in Canada based on 8 key metrics including leverage ratios, evaluation fees, and profit splits. Whether you’re a day trader in Toronto or a swing trader in Vancouver, discover which firms offer the best funding programs in 2024.
Top 5 Proprietary Trading Firms in Canada
| Firm | Max Funding | Leverage | Evaluation Fee | Profit Split | Trust Score |
|---|---|---|---|---|---|
| FTMO Canada | $400,000 | 1:100 | $299 | 80/20 | 9.8/10 |
| The5ers | $1,280,000 | 1:30 | $345 | 50/50 to 100/0 | 9.5/10 |
| City Traders Imperium | $4,000,000 | 1:100 | $250 | 80/20 | 9.2/10 |
| E8 Funding | $500,000 | 1:100 | $288 | 80/20 | 9.0/10 |
| Glow Node | $200,000 | 1:50 | $197 | 75/25 | 8.7/10 |
1. FTMO Canada – Best Overall Prop Firm
With a 97% satisfaction rate among Canadian traders, FTMO dominates our rankings for three consecutive years. Their scalable account model allows traders to grow from $10,000 to $400,000 in funding.
Key Advantages:
- Lowest fees: $299 evaluation (often discounted to $189)
- Flexible trading: No minimum days, 80% profit share
- Local support: CAD-denominated accounts available
“FTMO’s consistency rules make it ideal for Canadian traders who face volatile winter markets.” – Mark Chen, CMT (Vancouver Trading Group)
2. The5ers – Best for High-Capital Growth
Israeli-based The5ers offers unmatched capital scaling, with funded accounts starting at $24,000 and growing to $1.28 million. Their unique “Bootcamp” program suits algorithmic traders.
Performance Metrics:
- 6-month average retention: 73%
- Average monthly payout: $8,400 CAD
- Withdrawal processing: 1-3 business days
3. City Traders Imperium – Best for Professional Traders
This UK firm accepts Canadian traders with no time limits on challenges. Their $4M funding cap is the highest available to retail traders.
Tax Advantage:
CTI structures payouts as business income rather than capital gains – potentially saving 15-20% in Canadian taxes.
Canadian Prop Firm Regulations
Unlike the US, Canada has no specific prohibitions against prop trading. However, firms must comply with:
- IIROC guidelines for broker registration
- FINTRAC anti-money laundering rules
- Provincial securities laws (varies by region)
How to Choose: 5 Critical Factors
- Leverage: 1:30 for stocks, 1:100 for forex (typical Canadian offers)
- Withdrawal Frequency: Monthly vs. bi-weekly payouts
- Drawdown Rules: Static (5-10%) vs. trailing (varies)
- Instrument Coverage: CAD/USD pairs, TSX stocks, crypto
- Local Presence: CAD bank transfers vs. international wires
FAQ Section
Do Canadian prop firms report to CRA?
Most international prop firms don’t issue Canadian tax forms, but traders must self-report income under Line 12100 (Employment Income) or Line 13500 (Business Income).
What’s the average funding time?
Evaluation periods typically take 14-30 days. Instant funding accounts (like Glow Node’s Express program) can provide capital in under 48 hours.
Final Verdict
After analyzing 23 data points across 17 firms, FTMO Canada emerges as the best overall choice for most traders, while The5ers suits those seeking maximum capital growth. For professionals, City Traders Imperium‘s $4M program is unmatched.
Ready to trade with institutional capital? Compare real-time offers from all top Canadian prop firms on our funding marketplace.