From the second half of 2023, the popularity of prop firms, centered around Fintokei, has been gradually increasing in Japan.
At prop firms, if you pass the trading exam by paying the participation fee, you can be certified as a pro trader and trade with funds of tens of millions of yen.
The majority of the profits earned from trading can actually be withdrawn by the traders, so it is attracting many traders as a new form of trading.
This article will explain in detail the comparison of prop firms, the ranking of recommended prop firms, and how to choose a good prop firm for beginners.
What is a Prop Firm? | How is it different from general FX trading?
Simply put, prop firms provide opportunities for regular traders to become large-scale traders.
You need to pass the prop firm’s test (challenge) to receive the funding. If you become a pro trader, you can receive a portion of the trading profits.
Of course, there are also cases where losses occur. In such cases, the losses are borne by the prop firm, so the trader does not incur any debt. The ability to challenge with funds of tens of millions of yen is the appeal.
Top 7 Recommended Prop Firm Ranking | Japanese Support
From here, I, Prop Firm Dissection Book 📕, will introduce the prop firms I recommend, comparing them in a ranking format.
1st Place Fintokei 🟣
Fintokei is the most popular prop firm among Japanese traders.
In addition to being able to trade with an initial capital of up to 50 million yen, the use of MT4 and MT5, which are familiar to overseas FX traders, is also appealing. Furthermore, withdrawal reports are often seen on SNS, making it a prop firm that many traders trust and feel secure with.
There are the “Challenge Plan” where you can become a pro trader by clearing a 2-step challenge, and the “Swift Trader Plan” where you can start trading as a pro trader just by paying the challenge fee, despite having a smaller initial capital amount.
They also distribute coupons that can be purchased at a discount, and hold a free demo contest every month where you can win prizes if you win.
2nd Place PipFarm 🟡
PipFarm is a Singapore-based prop firm that is highly regarded by Japanese users for its transparency and never refusing withdrawals.
The “XP points program” that improves the trading environment as you accumulate points, and the free re-challenge, cashback, and additional XP points offered by the many coupons, keep it constantly in the spotlight.
However, the profit sharing rate is low until XP is accumulated, and the trading commission is $1 per 7 lots, making the challenge difficulty high.
Conversely, the more XP you accumulate, the more the trading environment evolves in the trader’s favor, which is why PipFarm is currently ranked among the top in popularity among Japanese traders, despite not supporting Japanese yet.
3rd Place Fundora🟠
The platform is cTrader only, but the feature is that withdrawals are made by domestic bank transfer, so there is less stress in withdrawing. It’s worth registering an account if you’re a Japanese user.
4th Place ThinkCapital🟢
ThinkCapital is a broker-supported prop firm based in the UAE with global expansion. It recently started supporting Japanese, quickly gaining recognition.
It has a well-balanced combination of necessary prop firm elements such as a 90% profit sharing rate, fast withdrawals, an intuitive trading environment, a flexible challenge system, and a high trust rating from reviews.
They offer 3 types of challenge plans (Lightning/Dual/Nexus), with a maximum profit sharing rate of 90%, and a very user-friendly trading environment for Japanese traders, including TradingView integration.
The pricing is standard, but some plans offer discounts of up