So the search for the best prop firm for options trading isn't really about profit splits. It's about whether the firm will let you run the strategies you actually trade, under rules that don't punish the way options behave.
I trade futures for a living and coach traders who are making exactly this decision. The pattern I see is that options traders get sold a generic "funded account" and only later find out the platform can't handle a multi-leg spread, or the drawdown rule liquidates a defined-risk position that was never truly at risk.
This guide fixes that. It explains why options support is genuinely rare, how to tell equity options access from options-on-futures access, and which firms are worth a serious look for each. It's a research guide, not a sales pitch, and includes an honest read on where a forex-and-futures firm like Hola Prime does and doesn't fit.
Prop Firms for Options Traders at a Glance
Here's the short version before the details. Firm figures are point-in-time and should be re-checked on each firm's live pages before you commit.
|
Firm
|
Options supported
|
Model
|
Profit split
|
Standout for options traders
|
|
Maverick Trading
|
Equity + index options (spreads, condors, calendars)
|
Education-led, capital bond
|
~65–90%
|
One of the few firms funding listed multi-leg strategies
|
|
T3 Trading Group
|
Equity options incl. multi-leg
|
Licensed desk (SIE + Series 57)
|
Varies by agreement
|
Real broker-dealer seat for serious, license-track traders
|
|
SabioTrade
|
CFD-based multi-asset (options access limited)
|
Evaluation
|
Up to ~90%
|
Remote, non-staff model (confirm current options scope)
|
|
Topstep
|
Options on futures (futures-focused)
|
Evaluation (Combine)
|
Up to ~90%
|
The accessible route if you trade options on ES/NQ/crude
|
|
Hola Prime
|
Forex + Futures (not options)
|
Evaluation
|
Up to 95% (forex, monthly) / 90% (futures, weekly)
|
Fast, reviewed payouts if your strategy overlaps futures/forex
|
Are There Prop Firms for Options Trading?
Yes, but fewer than the marketing suggests, and not in the form most searchers expect.
The honest map looks like this. Single-stock equity options are the rarest instrument to get funded for, because of the exchange, clearing, and data infrastructure involved. Index and ETF options are somewhat more available at the same specialist desks. Options on futures, such as on the S&P 500, Nasdaq, crude, or gold, are the most accessible through retail evaluation firms.
If you've been hunting for a no-license, no-capital "challenge" that funds single-stock options, that exact product is close to nonexistent. Knowing which kind of options a firm actually supports is the whole game. It also helps to understand what a prop trading firm is before you compare them, if you're new to the model.
Why the Best Prop Firm for Options Trading Is Harder to Find
Options don't break proprietary trading firms because firms dislike options. They break because options don't fit the risk plumbing most firms were built around.
Three structural reasons stand out:
Multi-leg complexity: A vertical spread or iron condor is several positions behaving as one. A firm's risk system has to understand the net structure, not just each leg. Many retail evaluation systems only check account equity and P&L at the end of the day, which is fine for spot forex, but inadequate for a four-leg condor.
Margin and Greeks: Professional options desks run live risk engines that track net Delta, Gamma, Vega, and Theta across your whole book and adjust margin in real time. A firm without that can misprice the risk of a defined-risk position and liquidate it on a volatility spike that never actually threatened your capital.
Theta versus the clock: Options decay. A fixed evaluation deadline can collide with a strategy that needs weeks to work, forcing you to trade the calendar instead of the setup.
This is also where the distinction between equity options and futures options matters most. They share the Greeks and similar logic, but the underlying contract specs and settlement differ, and they attract different firm types and platforms.
If your interest lies closer to index futures, our breakdown of futures vs forex prop trading covers the adjacent territory.
What to Look for in a Prop Firm as an Options Trader
Not every "options prop firm" means the same thing by the word.
Use these five criteria to judge whether a firm genuinely supports how you trade:
|
Criteria
|
What it means for options traders
|
What a strong policy looks like
|
|
Multi-leg strategy support
|
Whether spreads, condors, and straddles are actually permitted
|
Listed multi-leg orders allowed, not just single-leg or synthetic CFDs
|
|
Drawdown treatment
|
How the firm calculates risk on options positions
|
Net, Greek-aware risk on the whole structure, not equity-at-day-end only
|
|
Platform capability
|
Whether you get real options analytics
|
Dedicated options software or DMA, not a spot-FX terminal
|
|
Capital vs. margin
|
Whether allocated capital suits your margin needs
|
Buying power sized for multi-leg margin, clearly stated
|
|
Payout terms
|
How payouts handle longer holding periods
|
No cadence that forces you to close a working position early
|
Weigh these together. A firm can win on profit split and still be wrong for you if its drawdown engine doesn't understand a defined-risk spread.
For a broader framework, our guide on how to choose the right prop firm applies the same logic across trading styles.
Prop Firms Options Traders Should Know
The firms below cover the realistic routes into funded options trading, ordered by how directly they support options. Verify the current terms on each firm's live pages, as they may change quickly.
Maverick Trading
Maverick is one of the few firms built around options rather than adding them as an afterthought.
It's an education-led, career-style firm that funds equity and index options, including spreads, iron condors, and calendars. The model runs more like a proprietary desk than a challenge: an application and training process, an at-risk capital contribution reported around $5,000, and profit splits generally in the 65–90% range as you progress through its levels toward larger capital.
It suits traders willing to commit to a structured, long-term path over a quick evaluation.
T3 Trading Group
T3 is the licensed-desk route for traders ready to go professional in the fullest sense.
As an SEC-registered broker-dealer, it funds equities and options, including multi-leg and spread trading, but requires SIE and Series 57 licenses, which it can sponsor candidates to sit.
There's often a first-loss capital contribution to start. It's the most "real job" option on this list: more overhead, but genuine listed-options access under a regulated umbrella.
SabioTrade
SabioTrade appeals to traders who want a remote, non-staff arrangement with a high split.
It's a multi-asset, CFD-based firm offering up to around a 90% split. The caveat for options traders is important: its access is CFD-style rather than listed, multi-leg equity options, so confirm exactly what "options" means on its current terms before paying an evaluation fee.
Treat it as a flexible multi-asset route, not a specialist options desk.
Topstep
If your options live on futures, Topstep is the accessible name to know.
It's a futures-focused evaluation firm whose Combine mirrors the prop model, and options-on-futures is where it fits an options trader. Think options on ES, NQ, or crude rather than single-stock options. Its risk controls and funding turnaround are well regarded for disciplined traders working the futures-options overlap.
Confirm current options-on-futures availability, as its offering here has been evolving.
Hola Prime
A word of honesty here, because it's the point of this guide: Hola Prime is a Forex and Futures firm, not an options firm.
You won't run equity spreads or iron condors here. What Hola Prime does offer is a strong home for traders whose strategy overlaps with forex or futures. For example, if you trade index futures alongside your options book, or want to diversify into funded forex without your own capital at risk.
Its draw is the payout infrastructure. Approved withdrawals are processed within one hour under defined conditions, with a reported average of 33 minutes and 48 seconds.
Futures funding runs on the 1-Step Prime Challenge (from $99, up to a $150K account, 90% weekly split, on DX Futures, Tradovate, or NinjaTrader), and the firm is unusually transparent about difficulty: it discloses a 35% evaluation pass rate for the window of 10 November 2024 to 29 May 2025.
If the futures side fits your trading, you can explore the futures challenge before deciding. Just don't come to Hola Prime expecting listed equity options because that's not what it does.
Options Strategies That Work Best With Prop Firm Rules
How a strategy interacts with drawdown rules matters as much as whether options are allowed at all.
|
Strategy
|
Risk profile
|
How drawdown usually treats it
|
Compatibility across firms
|
|
Vertical spread
|
Defined risk
|
Manageable if the firm nets the legs
|
High (at genuine options firms)
|
|
Iron condor
|
Defined risk
|
Fine with Greek-aware risk; harsh under equity-at-day-end
|
Medium–High
|
|
Calendar spread
|
Defined risk, time-sensitive
|
Needs a firm that tolerates longer holds
|
Medium
|
|
Naked put
|
Undefined risk
|
Often restricted or heavily margined
|
Low
|
|
Short straddle
|
Undefined risk
|
Commonly prohibited
|
Low
|
The pattern is clear: defined-risk strategies travel well; undefined-risk strategies get restricted almost everywhere, because the firm is protecting its own capital. Before you commit, confirm exactly how a firm calculates loss on an open options position.
Our guide to drawdown limits explains why this single rule ends more accounts than any strategy flaw.
Where Hola Prime Fits for Options-Focused Traders
To be direct: if you need listed equity options, Hola Prime isn't your firm, and this guide won't pretend otherwise.
What earns a place on an options trader's radar is the futures overlap and the payout record. Many options traders also trade index futures, and that's a market Hola Prime funds directly. The reason to care is trust in the plumbing rather than any headline number.
That trust is externally checked. An independent Deloitte review over a five-month period found 98.35% of payouts processed within the one-hour target, 1.65% beyond it under defined conditions, and zero payout denials during the review period.
That's a reviewed track record, and it's honest about the 1.65%, which is the part most firms would omit. For context on how payout speed varies across the industry, our roundup of the fastest paying prop firms is a useful reference.
Add clearly stated drawdown rules, a choice of platforms, and up to a 95% split on the forex monthly cadence, and Hola Prime becomes a credible funded home for the forex-and-futures side of a diversified trader's activity. None of this removes trading risk, and passing an evaluation is never assured.
It simply means the payout side is one less thing to worry about. US-based traders can see regional specifics in our guide to the best prop firm for US traders.
Mistakes to Avoid When Picking a Prop Firm for Options Trading
Most options traders who pick the wrong firm make one of these five errors. Each is avoidable.
-
Assuming every prop firm supports multi-leg strategies: Many allow only single-leg or synthetic products. Confirm spreads and condors are permitted before you pay.
-
Choosing on profit split alone: A 90% split is worthless if the drawdown engine liquidates your defined-risk spread on a volatility blip. Check the risk rules first.
-
Overlooking platform limitations: A spot-FX terminal can't give you real options analytics. Confirm the platform handles the Greeks and multi-leg orders you rely on.
-
Ignoring theta versus the evaluation clock: A fixed deadline can force you to close a strategy that needed more time. Match the timeline to how you trade.
-
Picking on name recognition: A well-known forex firm isn't automatically an options firm, and often isn't one at all. Match the firm to your instrument, not to its marketing.
Do the boring verification, and most of the risk in this decision disappears before you spend a cent.
Final Thoughts
The best prop firm for options trading isn't a single name. It's the firm that supports your specific instrument, runs a risk engine that understands options, and sets rules your strategy can live with.
Sort that first: equity options point you toward specialist desks, while options on futures open up the accessible evaluation route. Match the firm to the strategy, verify the drawdown and platform details, and treat any profit split as the last question, not the first.
And if part of your trading lives in forex or futures, it's worth having a fast, transparent funded home for that side too. You can create a Hola Prime account to review the current evaluation and payout terms before you decide where each part of your book belongs.
