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LEGIT_PROPFIRMS operates with full transparency. Our verification process, ranking criteria, and data sources are publicly documented so you can trust every recommendation we make.
We actively monitor the prop trading industry for new firms. Every firm that appears on our radar undergoes an initial screening before being listed.
We verify firm registration, regulatory standing, physical address, team identities, and payout history. Firms must pass all checks to earn the "Legit" badge.
We collect and verify reviews from real traders who have used the firm. Each review is cross-referenced with payout proof and trading history.
We continuously track payout speeds, payout success rates, rule changes, and customer support responsiveness. Data is updated in real-time.
Our system monitors for red flags including sudden rule changes, payout delays, communication blackouts, and negative community sentiment trends.
Firms are re-evaluated monthly. A firm that loses its "Legit" status is immediately flagged, and users are notified of any status changes.
Our proprietary TrustScore is calculated using these weighted factors:
| Criterion | Weight | Description |
|---|---|---|
| Payout Reliability | 30% | Verified payout history, speed, and success rate |
| Rule Fairness | 20% | Reasonableness of drawdown limits, profit targets, and trading restrictions |
| Customer Support | 15% | Response time, helpfulness, and availability |
| Platform Quality | 15% | Trading platform stability, features, and execution quality |
| Community Trust | 10% | Aggregated sentiment from verified trader reviews |
| Transparency | 10% | Clarity of terms, fees, and rule documentation |
The Legit badge is our seal of approval. It signifies that a firm has passed our full verification process and maintains compliance with our standards. Firms can lose this badge if they fail ongoing monitoring checks.
Our automated monitoring system continuously scans for warning signs. When red flags are detected, we investigate immediately and update firm statuses in real-time to protect our users.