
RebelsFunding, the5ers, FTMO, and FundingPips stand out as top proprietary trading firms in Rwanda. These companies are some of the most reliable, trustworthy and respected in the country.
Let’s analyse their funding programs and services (similarities and how they differ from each other):
| Features |
|
|
|
|
|---|---|---|---|---|
| Price range | $25 – $890 | €155 – €1,080 | $39 – $850 | $32 – $1099 |
| Max capital allocation | $640,000 | $400,000 | $4,000,000 | $600,000 |
| Payment methods | Crypto, Credit/Debit card, PayPal | Apple Pay, Credit/Debit Card Crypto, Google Pay, PayPal, Skrill | Bank Transfer, Apple Pay, CardCredit/Debit Card, Crypto, Google Pay, PayPal | Apple Pay, Credit/Debit, Google Pay, Crypto, Neteller, PayPal, Skrill |
| Withdrawal methods | Bank wire transfer, Crypto, RiseWorks, Wise | Skrill, Crypto, MasterCard, Bank transfer | Crypto, Bank transfer, Riseworks | Riseworks, Crypto, Bank transfer, Mastercard |
| Minimum withdrawal | $50 | $50 for crypto, $20 for bank wire. | $150 | 1% of the initial account balance |
| Profit split | 80% – 90% | 80% – 90% | 50% – 100% | 80% – 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 and no (it depends on the program) |
| Trading platform | RF-Trader (in-house trading platform) | MetaTrader 4, MetaTrader 5, DXtrade and cTrader (third party platforms) | MetaTrader 5 | Match-Trader, cTrader, DXtrade, TradeLocker |
| Instruments | Forex, Metals, Energies, Crypto, Indices & Equities | Indices, Commodities, Stocks, Crypto, Forex | Securities, Forex, Metals, Indices | Crypto, Energies, Forex, Indices, Metals |
| 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 very first question should be: what is the reputation of the prop company I want to transact with? You want to check for trustworthiness and credibility based on real users’ feedback.
To do this, you have to carry out an investigative “research” on them (learn more about them) via social media, their communities, and TrustPilot.
It is important you carefully weigh and filter the comments/feedback you read or hear, in other to avoid falling for exaggerations, fabrications or deceit. If necessary, ask questions from more people to clarify whatever you need to. You want an honest and truthful critique.
Choose a firm with an overall positive report.
Can you easily buy an account without breaking the bank? Are the prices cheap for you?
If you are just starting out or not very financially strong, pick a company with a budget-friendly package. For example, RebelsFunding’s Copper 4 program which you can start with as low as $25.
Go for a program that allows you to invest little and scale up to a bigger funding gradually.
Profit-split models may differ between programs.
Read the terms of your chosen program to know how many percent of the total reward would be your take-home profit.
Choose a format you would be satisfied with.
Does the firm use an external trading platform (for example, MetaTrader, cTrader, etc.) or has its own?
This question is important because in the prop trading space, in-house platforms (such as the RF-Trader) have proven to be more reliable than third-party softwares. Companies who utilise the latter are dependent and not in control of the technology. And as a result, they are more prone to destabilisation.
A major modification in policy by the owners of the application may no longer favour the prop company. This may lead to severe disruption in operations, and then unexpected permanent closure.
We saw this tragic situation repeatedly happen in the past when MetaQuotes (the owners of MetaTrader) updated their terms for US traders. Many firms closed.
It can happen again in the future. Thus, it is vital to pick wisely.
If stability is important to you (if you want a smooth prop trading journey), it would be smart to invest in a company with an in-house trading platform.
Check if the proprietary firm cares about its traders? Do they want to see them grow and succeed?
Companies that care provide education, guidance, utilities, and a listening ear (treat you with respect and empathy).
RebelsFunding, for instance, does well in this regard. It offers free education on your RF-Trader dashboard, free forex PDF materials on their forex Discord server. You also have access to a risk calculator on the trading platform, TradingView charting, your favourite forex indicators, and more.
And above all, a compassionate and customer-centric support culture.
Also, read their terms and conditions to confirm if your trading strategy aligns. Understand its dos and don’ts.
Lastly, can you experience the firm, try its technology without first committing your money?
You may want to work with a prop firm that gives you the opportunity to first of all test their trading service before you invest your money.
Yes, proprietary trading is legal in Rwanda. But you should only work with firms that are legally registered and compliant with international trading standards.
No, you do not need a license to enrol in prop trading. What you need is to be at least 18 and have basic forex trading skill.
If you’re also interested in opportunities beyond Rwanda, check out our detailed comparison on the prop firms in Nigeria and top proprietary trading companies in South Africa.
