Best Prop Firms for Options Trading in 2026
Trade options with funded capital — firms offering derivatives access.
What is it?
Options trading involves buying or selling contracts that give the right (but not obligation) to buy or sell an asset at a predetermined price. Strategies range from simple calls/puts to complex spreads, strangles, and iron condors. Options offer defined-risk setups and leverage without the same margin requirements as futures.
Why it matters
Options trading at prop firms is extremely rare. Most forex-focused prop firms don't offer options at all. Futures prop firms are more likely to provide options on futures (e.g., ES options, NQ options). The limited availability means traders must specifically seek out firms with derivatives access, understand the platform requirements, and verify that options strategies are permitted under firm rules.
Key rules
- Options Availability: Very few prop firms offer options. Futures firms are the best bet.
- Strategy Restrictions: Some firms may limit to buying options only — no naked selling.
- Platform Support: Options require specialized platforms like TOS, Rithmic, or CQG.
- Margin Requirements: Options margin differs from futures. Verify how the firm calculates it.
Top firms
- 1. The Trading Pit — Trust Score 79/100, 50/50 – 80/20 split, from $99 – $999
- 2. My Funded Futures — Trust Score 88/100, 80/20 – 90/10 split, from $57 – $449/mo
- 3. Hola Prime — Trust Score 78/100, 80% – 95% split, from $39 – $1,499
- 4. Take Profit Trader — Trust Score 85/100, 80/20 – 90/10 split, from $150 – $360/mo
- 5. E8 Markets — Trust Score 78/100, 80/20 split, from $228 – $1,688
- 6. Tradeify — Trust Score 78/100, 100/0 first $15K, then 90/10 split, from $65 – $221 (one-time)
- 7. TradeDay — Trust Score 78/100, 80/20 – 95/5 split, from $87 – $262/mo
- 8. Alpha Futures — Trust Score 76/100, 100/0 (first $12.5K) · 70/30 – 90/10 split, from $79/mo – $239/mo
- 9. Lucid Trading — Trust Score 76/100, 90/10 split, from $49 – $599
- 10. Elite Trader Funding — Trust Score 76/100, Up to 100/0 split, from $47 – $307+ (one-time) / from $87/mo
Tips
- Focus on futures prop firms — forex-only firms almost never offer options.
- Start with defined-risk strategies (spreads, iron condors) to manage drawdown within firm limits.
- Avoid selling naked options — the unlimited risk profile conflicts with prop firm drawdown rules.
- Check if the firm supports options-specific platforms like Thinkorswim or Rithmic with options chains.
- Understand how the firm treats options P&L — unrealized premium decay counts against your drawdown.
- Consider using options for hedging your futures positions rather than as standalone strategies.
FAQ
Do any prop firms offer options trading?
Very few. Some futures-focused firms like Topstep and Apex Trader Funding may offer options on futures. Pure forex prop firms generally don't offer options.
Can I sell options at a prop firm?
If the firm offers options, selling is typically restricted to covered or spread positions. Naked option selling carries unlimited risk, which conflicts with prop firm drawdown rules.
What platforms support options at prop firms?
Thinkorswim (TOS), Rithmic-based platforms, and CQG are the most common. You'll need a platform that displays options chains, Greeks, and multi-leg order entry.
Are options strategies like iron condors allowed?
Defined-risk strategies like iron condors, vertical spreads, and butterflies are more likely to be permitted than naked selling. Always verify with the specific firm.
How does options P&L work with prop firm drawdown?
Options premium decay (theta) is reflected in your unrealized P&L. If you sell an option, the premium decay works in your favor. If you buy, time decay works against you and counts toward drawdown.