Best Prop Firms for TradeLocker

Why TradeLocker matters when choosing a prop firm

TradeLocker is a browser based trading platform used by a number of forex and CFD prop firms. It combines charting built on TradingView's tools with order entry and account details in one screen, and it also has mobile apps. Many prop firms added it when MetaTrader became harder for some of them to offer, and it is often available alongside or instead of MT5. The firms listed above offer TradeLocker on at least one program.

Who this suits

TradeLocker suits discretionary traders who like TradingView style charts and want to trade from a browser without installing software, traders who use several devices, and traders new to trading platforms who want a simple layout. It also suits traders who want familiar charting inside the trading platform itself, without setting up a separate TradingView connection.

The trade offs

TradeLocker is newer than MetaTrader or cTrader, and its automated trading tools are less established. Traders who rely on Expert Advisors or custom code will find fewer options, and firms set their own rules on any automation that is available. As a web platform, it depends on your browser and connection, and a dropped connection needs a backup way to manage trades, such as the mobile app. Instruments, spreads and commissions depend on the broker or liquidity arrangements behind each firm, so the platform alone does not tell you the trading costs. Some firms offer TradeLocker only on certain programs or in certain countries, so check the program rather than the firm's home page.

What to check before you buy

• Program and country availability. Confirm that TradeLocker is offered on the program you want and where you live.
• Automation policy. If you plan to automate any part of your trading, check what the firm allows on TradeLocker.
• Costs. Check spreads, commissions and swap charges on the instruments you trade.
• Daily reset time. Know when the daily loss limit resets and which time zone applies.
• Drawdown figures. Check where the firm shows your daily and maximum loss levels, since the platform's balance figures may not match the firm's rule calculation.
• Platform switching. Find out whether you can move to another platform later without buying a new account.

How to compare the firms listed

With the platform fixed, compare the rules and costs. Put each program's profit target, daily loss limit and maximum loss side by side, and note whether drawdown is static or trailing. Check restrictions on news trading, weekend holding and lot sizes. Compare trading costs on your usual instruments, then the price per $1,000 of account size and the payout terms: first payout timing, profit split and any consistency rule. Because the platform runs in a browser, also check how each firm handles open trades during a platform outage and how it deals with disputed fills. Each firm's profile lists its platforms and programs, and the comparison table can be filtered by platform.

For the wider market, see the forex and CFD hub and how to choose a prop firm. Traders comparing platforms can also see firms offering MT5, Match Trader, cTrader and TradingView.