Proprietary trading firms (prop firms) offer traders the opportunity to trade with the firm’s capital rather than their own, providing a lucrative path for skilled individuals looking to scale their trading efforts. In the UK, many prop firms leverage advanced platforms like TradingView to enhance the trading experience for their traders. TradingView’s user-friendly interface, robust charting tools, and integration capabilities make it a favorite among prop firms and traders alike. Below, we’ll explore some of the top prop firms in the UK that use TradingView and how they benefit traders.
Best Trading View Prop Firms in UK
$650,000
*Choose your account type and start trading
$500,000
*Choose your account type and start trading
Why TradingView is Popular Among Prop Firms
TradingView is a web-based charting platform that provides:
- Advanced Charting Tools: Offering an extensive range of indicators, customizable charts, and drawing tools.
- Social Features: A vibrant community where traders can share ideas and strategies.
- Integration Options: Compatibility with multiple brokers and trading platforms.
- Accessibility: Available on web browsers and mobile apps, making it convenient for traders on the go.
These features make TradingView an ideal choice for prop firms aiming to support traders with state-of-the-art tools.
Top UK Prop Firms Utilizing TradingView
1. FTMO
FTMO is a globally recognized prop firm with a significant presence in the UK. While FTMO allows traders to use their preferred platforms, TradingView is often recommended for its versatility and ease of use. FTMO provides access to major asset classes, including forex, commodities, and indices, which align perfectly with TradingView’s multi-asset capabilities.
Key Features:
- Funded accounts up to $200,000.
- Profit splits of up to 90%.
- Advanced analytics and performance coaching.
2. The 5%ers
Known for its low-risk approach, The 5%ers is a UK-friendly prop firm that caters to forex and stock traders. TradingView’s integration with brokers compatible with The 5%ers allows traders to utilize its advanced charting features during their trading journey.
Key Features:
- Double your funding upon hitting profit targets.
- Focus on swing trading and long-term strategies.
- Support for TradingView-compatible platforms.
3. Audacity Capital
Based in London, Audacity Capital offers a scalable funding program designed for professional traders. TradingView’s sophisticated tools are ideal for traders working with Audacity Capital, especially for analyzing forex markets.
Key Features:
- Direct funding from the start.
- No profit targets or time limits.
- Personalized trader support and mentorship.
4. MyForexFunds (MFF)
MyForexFunds is another global player with a robust presence in the UK. TradingView’s compatibility with brokers supported by MFF ensures traders can access high-quality analysis tools to execute informed trades.
Key Features:
- Varied funding programs to suit all experience levels.
- Rapid scaling opportunities.
- Profit splits up to 85%.
5. BluFX
BluFX is a subscription-based prop firm headquartered in the UK, catering to forex traders. TradingView’s integration enhances the trading experience by providing BluFX traders with the tools needed for technical analysis and market monitoring.
Key Features:
- Monthly subscription model.
- No evaluation process.
- Real-time funding and immediate trading access.
How to Choose the Right Prop Firm
When selecting a UK-based prop firm, consider:
- Compatibility with TradingView: Ensure the firm’s platform supports TradingView for seamless trading.
- Funding Model: Look at the funding size, scaling opportunities, and profit splits.
- Asset Class Coverage: Verify the firm supports the markets you trade.
- Risk Management Requirements: Understand the drawdown limits and trading rules.
FAQs
What is a proprietary trading firm?
A proprietary trading firm (prop firm) provides traders with capital to trade financial markets. Traders share a portion of the profits with the firm while adhering to predefined rules and risk limits.
Why do prop firms use TradingView?
TradingView offers advanced charting tools, multi-asset support, and integration capabilities, making it a top choice for both firms and traders to analyze and execute trades effectively.
Can beginners join prop firms in the UK?
Yes, many prop firms, like FTMO and MyForexFunds, offer programs tailored to beginners. These often include demo challenges or evaluations to assess trading skills before providing live accounts.
How does profit sharing work in prop firms?
Profit sharing involves splitting the profits generated by a trader. For example, a firm may offer an 80/20 split, where the trader keeps 80% of the profits, and the firm retains 20%.
Are there time limits for achieving profit targets?
It depends on the firm. Some firms, like FTMO, have evaluation phases with time limits, while others, like Audacity Capital, do not impose such restrictions.
Is TradingView free to use?
TradingView offers both free and paid plans. Free accounts provide access to basic features, while paid plans unlock advanced tools, additional indicators, and other premium benefits.
Conclusion
TradingView’s powerful features make it a cornerstone for traders in the prop trading industry. By partnering with a UK-based prop firm that supports TradingView, traders can access top-tier tools and funding opportunities to elevate their trading careers. Whether you’re a beginner or an experienced trader, these firms provide the infrastructure and support to succeed in today’s fast-paced financial markets.