# ProjectX vs Rithmic > ProjectX vs Rithmic for prop firms, from each vendor’s published material. ProjectX publishes no price list; pricing is by quote. Rithmic publishes no price list; pricing is by quote (no prices for prop firms or institutions published; businesses are directed to contact Rithmic). - Source: https://pipvalley.com/tech/compare/projectx-vs-rithmic - Publisher: PipValley - web design studio for prop trading firms - Updated: 2026-10-12 - Disclosure: PropSuite is PipValley’s technology partner; it is labelled wherever it appears. Facts are from vendor pages and named press, checked 12 Oct 2026. | Fact | ProjectX | Rithmic | |---|---|---| | What it is | ProjectX was a white-label futures trading platform and API licensed to futures prop firms; it ended third-party service at the end of February 2026 and now runs only as Topstep's TopstepX. | Rithmic provides broker- and FCM-neutral futures market data, order routing and server-side risk management that funding evaluators (prop firms) use behind many third-party trading front ends. | | Type | Futures platform, Trading platform | Futures data and order routing, Futures platform | | Company | ProjectX Trading, LLC | Rithmic, LLC | | Headquarters | 2121 Biscayne Blvd, Miami, FL 33137 (per TradersPost) | 1 Ramland Road, Orangeburg, New York 10962, USA | | Founded | Not published | 2006 (Pearl River, New York) | | Markets | Futures | Futures | | Platforms | TopstepX | R / Trader Pro, NinjaTrader, ATAS, Bookmap, MotiveWave, MultiCharts, Jigsaw Trader, Agena Trader, Optimus Flow | | Delivery model | White label, API | API, SaaS | | Published pricing | Quote only | Quote only | | Pricing note | Not published | No prices for prop firms or institutions published; businesses are directed to contact Rithmic. | | Risk and capital | Not published | Risk rules run server-side between the exchange and the trader's platform, so a disconnected trader is still subject to the firm's rules; auto-liquidated accounts are locked to Admin Only. The prop firm configures the rules; no statement on payout risk. | | Builds marketing sites | No. No marketing-site product; no longer offered to third parties. | No. Infrastructure vendor; no marketing-site product found. | | Integrations listed | TradingView, Plus500 (exchange partner, per Finance Magnates) | CME, EUREX, Nasdaq | | PipValley Index | ProjectX: 2 of 529 | Rithmic: 25 of 529 | | Status | No longer offered to third parties | Active | ## Verdict by use case - **You want a published price to budget against**: Neither states it. ProjectX: quote only. Rithmic: quote only. As published, checked 12 Oct 2026. - **You run futures challenges**: Either. ProjectX lists Futures; Rithmic lists Futures. - **You want a name traders already see at other firms**: Rithmic. PipValley Index, 12 Oct 2026: ProjectX 2 of 529 firm sites; Rithmic 25 of 529. A count of firms that show it, not customers. - **You want the vendor to build your marketing site**: Neither states it. Neither sells marketing sites. PipValley builds prop firm websites wired to either one. - **You need access without the restrictions in our record**: Rithmic. ProjectX: no longer offered to third parties. 2026-04-01: Topstep acquired The Futures Desk, reported as the last other firm running ProjectX (TFD-X), and folded its technology into TopstepX. ## Questions ### What is the difference between ProjectX and Rithmic? ProjectX was a white-label futures trading platform and API licensed to futures prop firms; it ended third-party service at the end of February 2026 and now runs only as Topstep's TopstepX. Rithmic provides broker- and FCM-neutral futures market data, order routing and server-side risk management that funding evaluators (prop firms) use behind many third-party trading front ends. ### Which is cheaper, ProjectX or Rithmic? ProjectX publishes no price list; pricing is by quote. Rithmic publishes no price list; pricing is by quote (no prices for prop firms or institutions published; businesses are directed to contact Rithmic). Prices are on different bases, so compare them at your expected account volume and revenue. ### Which is used by more prop firms, ProjectX or Rithmic? In the PipValley Index (529 prop firm sites crawled on 12 Oct 2026), 2 show ProjectX. In the PipValley Index (529 prop firm sites crawled on 12 Oct 2026), 25 show Rithmic. These count firms whose public pages show each vendor, not customers. ### Which trading platforms do ProjectX and Rithmic support? ProjectX: TopstepX. Rithmic: R | Trader Pro, NinjaTrader, ATAS, Bookmap, MotiveWave, MultiCharts, Jigsaw Trader, Agena Trader and Optimus Flow. ### Do ProjectX and Rithmic support futures? ProjectX lists Futures; Rithmic lists Futures. ### Who carries payout risk on ProjectX and Rithmic? ProjectX: not stated. Rithmic: Risk rules run server-side between the exchange and the trader's platform, so a disconnected trader is still subject to the firm's rules; auto-liquidated accounts are locked to Admin Only. The prop firm configures the rules; no statement on payout risk. ### Can you use ProjectX and Rithmic together? Neither lists the other among its platforms or integrations (checked 12 Oct 2026). Ask both vendors before you plan on it. ### Do ProjectX or Rithmic build prop firm websites? ProjectX: no. Rithmic: no. PipValley designs and builds prop firm websites that connect to either. ### Who is behind ProjectX and Rithmic? ProjectX: ProjectX Trading, LLC; 2121 Biscayne Blvd, Miami, FL 33137 (per TradersPost) Rithmic: Rithmic, LLC; 1 Ramland Road, Orangeburg, New York 10962, USA. ### What do ProjectX and Rithmic claim? ProjectX: They (TopstepX) say 99.99% platform uptime, 150,000+ average daily active traders and 3M+ orders per day. Rithmic: They say order routing latency is sub-microsecond. They say infrastructure scales from 4 accounts to 40,000 or more for funding evaluators, FCMs and brokers. Their own statements, not verified outcomes. ## ProjectX sources 1. [Finance Magnates: Futures prop tech provider ProjectX to end its third-party service offering](https://www.financemagnates.com/forex/prop-firms-report-futures-prop-tech-provider-projectx-to-end-its-third-party-service-offering/) - press, checked 2026-10-12 2. [projectx.com (redirects to Topstep: TopstepX)](https://www.topstep.com/topstepx) - vendor, checked 2026-10-12 3. [DamnPropFirms: ProjectX & TopstepX 2026 guide](https://damnpropfirms.com/best-prop-firm-trading-platforms/projectx/) - review, checked 2026-10-12 4. [TradersPost: What Is ProjectX and Which Prop Firms Use It?](https://blog.traderspost.io/article/what-is-projectx-prop-firms) - other, checked 2026-10-12 5. [Finance Magnates: Topstep acquires The Futures Desk](https://www.financemagnates.com/forex/topstep-acquires-the-futures-desk-adds-coaching-tools-for-futures-traders/) - press, checked 2026-10-12 6. PipValley Index crawl, 12 Oct 2026 (https://pipvalley.com/tech#methodology) - index, checked 2026-10-12 ## Rithmic sources 1. [Rithmic: Home](https://www.rithmic.com/) - vendor, checked 2026-10-12 2. [Rithmic: For Funding Evaluators](https://www.rithmic.com/solutions/funding-evaluators) - vendor, checked 2026-10-12 3. [Rithmic: About](https://www.rithmic.com/company/about) - vendor, checked 2026-10-12 4. [Rithmic: Compatible platforms](https://www.rithmic.com/ecosystem/platforms) - vendor, checked 2026-10-12 5. [Rithmic: Prop firms ecosystem](https://www.rithmic.com/ecosystem/prop-firms) - vendor, checked 2026-10-12 6. PipValley Index crawl, 12 Oct 2026 (https://pipvalley.com/tech#methodology) - index, checked 2026-10-12