
RebelsFunding, The5ers, FTMO, and FundedNext are some of the most remarkable proprietary firms in Ireland (in terms of funding, price, reputation, trustworthiness, reliability, and more).
Let’s examine (compare & contrast) their programs and services, and also share the key things you should prioritise before making a choice:
| Features |
|
|
|
|
|---|---|---|---|---|
| Price range | $25 – $890 | €155 – €1,080 | $39 – $850 | $32 – $1099 |
| Max capital allocation | $640,000 | $400,000 | $4,000,000 | $300,000 |
| Payment methods | Credit/Debit card, PayPal, Cryptocurrency | Apple Pay, Credit/Debit Card Crypto, Google Pay, PayPal, Skrill | Bank Transfer, Apple Pay, CardCredit/Debit Card, Crypto, Google Pay, PayPal | Perfect Money, Apple Pay, Astropay, Credit/Debit Card, Crypto, Google Pay, PayPal, Skrill |
| Withdrawal methods | Bank wire transfer, Crypto, RiseWorks, Wise | Skrill, Crypto, MasterCard, Bank transfer | Crypto, Bank transfer, Riseworks | Riseworks, Crypto, TC Pay |
| Minimum withdrawal | $50 | $50 for crypto, $20 for bank wire. | $150 | $250 |
| Profit split | 80% – 90% | 80% – 90% | 50% – 100% | 60% - 90% |
| Purchase Fee Refund (after successful completion of evaluation phase | ✅ up to 200% refund of your account’s purchase fee | Yes ✅ | No ❌ | Yes ✅ |
| Free trial | Yes ✅ | Yes ✅ | No ❌ | Yes ✅ |
| No time limit | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Trading platform | RF-Trader (in-house trading platform) | MetaTrader 4, MetaTrader 5, DXtrade and cTrader (third party platforms) | MetaTrader 5 | MetaTrader 4, MetaTrader 5, cTrader, Match-Trader |
| Instruments | Forex, Metals, Energies, Crypto, Indices & Equities | Indices, Commodities, Stocks, Crypto, Forex | Securities, Forex, Metals, Indices | Forex, Indices, Cryptocurrencies, Commodities |
| News trading | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Weekend holding | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Overnight holding | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Challenge types | One-step, two-step, three-step, four-step | 2-step | 1-step, 2-step, 3-step | Zero, 1-step, 2-steps |
| Consistency rule | None ❌ | Yes ✅ | Yes ✅ | Yes ✅ |
| Expert Advisors | Not allowed ❌ | Allowed ✅ | Allowed ✅ | Allowed ✅ |
| Customer service | Responsive 24/7 | Responsive | Responsive | Responsive |
| Trustpilot Rating (Note that these scores are not fixed) |
4.5/5 |
5/5 |
5/5 |
4.6/5 |
Your first goal is to scrutinize the brand through background checks to tell if it’s legit or fraudulent. You must “verify” its credibility.
And how do you go about this? Search the company’s name on social media, read what their users are saying. Similarly, check their TrustPilot page for reviews. These two steps should give you an informed image of the prop firm.
Next, proceed to the official websites of some European or foreign regulatory agencies (especially that of the region where the company is located), and check if it is blacklisted. Blacklisted means the company has violated some laws or has been negatively reported on many occasions as a scam.
Only proceed with or invest in non-prohibited firms.
Not all prop firms use brokers. But if the one you choose does, confirm if the brokerage is licensed by the government of its jurisdiction.
You can join any prop company as a resident of Ireland (as long as Ireland is not on their list of sanctioned countries).
20% to 40% of your trading rewards can be subject to income tax. The specific percent would depend on your relationship status (that is, whether you are married or single, have children or not).
This is another major aspect to consider, because, no matter how “impressive” a proprietary firm is, if you can’t “afford” it, you can’t really experience its value(s).
(If you are looking for a very affordable prop trading program, a package you can start with little and gradually scale up, then one of the best options for you is RebelsFunding’s Copper 4 program. It has the cheapest account type on the table).
Choose an account that gives you the opportunity to invest little and step-by-step grow in capital.
Profit-share structures aren’t usually the same for all accounts. It may vary.
For this reason, you must read & understand the terms of your chosen program to know exactly what to expect.
Select a program whose share structure is “favourable” to you.
The ownership of a trading software can influence a prop firm’s stability and reliability. Thus, it is important to check if the trading platform is owned by an external company or by the firm itself.
With a third-party tool, a firm has almost zero control over the technology. It is dependent and most prone to unexpected disruption or destabilisation. This could happen as a result of a major change in financial policy in a country (a different country) that regulates the external company.
This drawback was evident some years ago when MetaQuotes updated their guidelines in line with a policy change in the US. The modification brought an end to some prop firms who made use of MetaTrader. To others, it disrupted their system and database as they tried to migrate to a new platform. This can happen again in future. Nobody can certainly say it won’t.
But with an in-house (internally-owned) platform (such as the RF-Trader), this kind of tragic situation is averted. Here, the firm has full control. Everything is stable and smooth.
So if you prioritise your financial safety and peace of mind, always choose a firm with an in-house trading tool.
Proprietary companies who value their traders and wish to see them develop tend to be very supportive. Supportive in different ways like education, empathy, advice, great customer service, etc. They invest time and effort in their traders.
RebelsFunding, and a few other firms on the table try their best in this regard. RF offers free forex education to all traders’ dashboard making it easy to sharpen your game. They also provide free PDF books on trading from the best FX traders & authors via their discord channel. The firm also shares trading tips and methodologies through their blog posts too.
If you want a community where you would be seen, valued, attended to, “nurtured” – a family, RebelsFunding is where you want to be.
A trading strategy that is embraced in firm A may not be accepted in firm B. Always read the trading guides or FAQs to know how you are expected to trade.
Abide by the instructions.
A prop firm’s free trial gives you the chance to assess the trading environment of a firm without any down payment. It gives you the opportunity to decide if to proceed to the next step or not. It gives you foresight and helps you make an informed decision.
RF-Trader by RebelsFunding is one of the most sophisticated trading platforms for forex prop trading. It is integrated with TradingView charting.
It has a real-time ASK/BID price overview, a risk management (position size) calculator, live dashboard to monitor your performance, progress and goals.
If you’re also exploring opportunities across the Irish Sea, check out our detailed comparison of the proprietary firms in the United Kingdom.
