Independent Reviews

All Prop Firms Ranked

Sorted by our internal score, verified data across 7 categories. 39 firms fully scored out of 39 reviewed.

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01
DNA Funded logo

DNA Funded

Verified 2026 Award Winner

Est. 2022 · AU

With a score of 97/100, DNA Funded topped the list as the best prop trading firm we've reviewed, based on pricing structure, trading tools, and trust. While still a relatively new prop firm compared to firms like FTMO and Apex Trader Funding, DNA Funded's strong partnership with forex broker DNA Markets ensures competitive spreads and reliable trading conditions. DNA Funded offers four challenges: Instant Funding, Single Helix, Double Helix, and Rapid Challenge, with account sizes ranging from 5K to 200K. Starting fees are as low as $49, with profit splits between 80% and 90% for funded traders. The prop firm also provides add-ons for faster payouts and higher profit shares, allowing you to tailor the challenges to your ideal set up.

Broker BackedFast PayoutsLow SpreadsInstant Funding
Challenge Types
1-Step, 2-Step, Instant
Platform
TradeLocker
Profit Split
90%
First Payout
7 days
  • 24-hour payout processing
  • News trading & weekend holding allowed
  • Scaling plan up to $2M
97/100

4.9

TrustpilotTrustpilot

From

$49

02
BrightFunded logo

BrightFunded

Verified 2026 Award Winner

Est. 2023 · NL

BrightFunded is one of the top rated prop firms we've reviewed, scoring 95/100 overall. It has a two step challenge with great customisations, profit splits to 100%, unlimited scaling, and a loyalty program that means you are always earning redeemable tokens, plus they've just introduced MT5 on top of cTrader and DXTrade. BrightFunded received one of the higher scores of 95/100 because the prop firm gives you a few features you won't find anywhere else. This includes an unlimited scaling plan (ie grow your account as much as you want) and a trader loyalty program where you earn tokens for any trading activity, not just successful trades. Tokens can be redeemed for things like free evaluations or higher profit splits, meaning all time you spend trading is improving your experience.

Accepts US TradersUnlimited ScalingLoyalty ProgramUp to 100% Split35 Crypto Markets
Challenge Types
2-Step
Platform
cTrader, DXTrade
Profit Split
100%
First Payout
30 days
  • Up to 100% profit split
  • Unlimited scaling plan
  • 35 crypto markets
95/100

4.4

TrustpilotTrustpilot

From

$55

03
Blueberry Funded logo

Blueberry Funded

Verified 2026 Award Winner

Est. 2023 · AU

We've ranked Blueberry Funded as the 3rd best prop firm worldwide with an overall score of 93/100. It's a great option for crypto, stock, and forex trading, and they now also offer three instant funding accounts (Instant Lite, Instant Elite, and Instant Pro). Pricing all comes from forex broker Blueberry Markets, and fees are competitive as well, starting from just $25. Profit splits start at 80% and can increase to 90% through the scaling plan. Blueberry Funded scored 93/100 during testing, placing third overall in our 2026 prop firm rankings. This score reflects the full experience, from signup and platform access to challenge rules, trading conditions, and payout speed. It scored 9.5/10 for Challenges thanks to low fees and a great range of different evaluation processes, including the Synthetics Challenge – a unique option built for trading custom volatility indices. It also earned a perfect 10/10 for Markets and Leverage, offering access to over 1,100 instruments across forex, crypto, and equities.

Broker Backed1,100+ InstrumentsScaling to $2MSynthetics Trading
Challenge Types
Instant, 1-Step, 2-Step, Rapid, Synthetic
Platform
MT4, MT5
Profit Split
90%
First Payout
14 days
  • Low challenge fees from $25
  • Crypto and stock CFD trading available (stocks via Stock Challenge)
  • Offers scaling up to $2 million
93/100

3.8

TrustpilotTrustpilot

From

$25

04
FundedNext logo

FundedNext

Verified 2026 Award Winner

Est. 2022 · AE

With an overall score of 92/100, FundedNext ranked 4th in our analysis of the top prop trading firms. As of 2026, it is a broker backed prop firm with one step and two step challenges via the Stellar and Stellar Lite models. If you are looking to prop trade futures markets rather than CFDs, FundedNext also recently launched a new futures trading branch. With FundedNext Futures, you can now take challenges with real CME futures pricing.

Broker BackedUp to 95% Split15% During ChallengeScaling to $4M
Challenge Types
1-Step, 2-Step
Platform
MT4, MT5
Profit Split
95%
First Payout
5 days
  • Profit splits of up to 95%
  • 15% profit split from day one
  • Flexible payout schedule (5-day for Stellar 1-Step)
92/100

4.5

TrustpilotTrustpilot

From

$32

05
FXIFY logo

FXIFY

Verified 2026 Award Winner

Est. 2022 · CY

FXIFY scored 90/100 with flexible account options across MT4, MT5, DXTrade, and TradingView. FXIFY now offers seven programme types — Instant Funding, Lightning, One Phase, Two Phase, Three Phase, plus the new Crypto Instant Funding and Crypto Standard (1 Step). The crypto programmes feature 80+ crypto assets, up to 100% performance split on eligible plans, and crypto-specific rules including a 25% consistency rule and 5:1 leverage on BTC/ETH/SOL. For the main evaluation accounts (1, 2, and 3 Phase), the first funded payout is on demand after the first successful trade, with subsequent payouts every two weeks. CFD accounts offer raw spreads from 0 pips or commission-free trading, with over 300 symbols across forex, indices, commodities, stocks, and crypto.

7 Challenge TypesScaling to $4MUp to 100% Split (Crypto)80+ Crypto AssetsBroker Backed
Challenge Types
Instant, 1-Step, 2-Step
Platform
MT4, MT5
Profit Split
100%
First Payout
  • Seven programme types including two crypto-only plans
  • Up to 100% performance split on eligible crypto plans (90% on CFD with add-on)
  • On-demand first payout for evaluation accounts
90/100

4.4

TrustpilotTrustpilot

From

$39

06
Eightcap Challenges logo

Est. 2009 · AU

With an overall score of 89/100, Eightcap Challenges is one of the highest-scoring prop firms we've reviewed. The challenge website is operated by Eightcap International Ltd in Seychelles, and while the environment is designed to mirror live conditions, all activities are simulated and do not create a brokerage client relationship. The Day Trader, One Phase and Two Phase challenges cover both structured multi-day evaluations and fast timed sessions, with RAW account spreads starting from 0.0 pips or points and a $5 per lot commission on all instruments except Cryptocurrency ($0). Both One Phase and Two Phase challenges range from $5,000 to $200,000, with the standard profit split at 80% (up to 90% only with the paid add-on). We think this will suit serious forex traders who want a trading environment that feels familiar and efficient.

Broker-OperatedThree Challenge TypesMT4/MT5/TradeLockerDay Trader
Challenge Types
1-Step, 2-Step
Platform
MT4, MT5
Profit Split
80%
First Payout
14 days
  • RAW spreads from 0.0 pips with $5/lot commission
  • MT4, MT5, and TradeLocker platform access
  • Unique Day Trader challenge format (1-8 hour sessions)
89/100

4

TrustpilotTrustpilot

From

$5

07
FXIFY Futures logo

FXIFY Futures

Verified 2026 Award Winner

Est. 2023 · CY

FXIFY Futures ranked 1st out of 12 futures prop firms we've tested firsthand, earning a score of 88/100. It offers three programs — Standard Plan, Expert Plan, and Straight to Sim Live Plan — with no time limits on evaluations. All accounts operate in a simulated trading environment designed to mirror futures market conditions. Supported platforms include Tradovate, TradingView (via Tradovate), and NinjaTrader. Standard accounts pay 80% profit split, while Expert and Sim Live pay 90% by default, with a 100% split available via the add-on. Payout caps apply per account size.

FuturesThree ProgramsTradovate/NinjaTrader/TradingViewUp to 100% Split
Challenge Types
1-Step
Platform
Tradovate, TradingView
Profit Split
100%
First Payout
14 days
  • Three program types including Straight to Sim Live
  • Tradovate, TradingView, and NinjaTrader support
  • No time limits on evaluations
88/100

3.9

TrustpilotTrustpilot

From

$89

08
Blueberry Futures logo

Est. 2024 · AU

With an overall rating of 85/100, Blueberry Futures is a futures-focused evaluation platform under the Blueberry family of brands, offering two one-step challenges with clear trading rules. Blueberry Futures offers $25K, $50K, $100K, and $150K accounts on both Ascent and Accelerated programs. You can trade CME futures covering equity futures, micro equity futures, FX futures, livestock, and micro crypto on the BlackArrow trading terminal, available via desktop app, web terminal, and mobile app. Blueberry Futures is part of the Blueberry family of brands. The setup is straightforward — two one-step challenges, identical targets across all account sizes, and a choice between the more forgiving Ascent (end-of-day drawdown) or the tighter Accelerated (real-time trailing drawdown). Fees start at $129 for the Accelerated $25K account and $139 for the Ascent $25K account. No activation fees are charged. All accounts operate in a simulated trading environment.

FuturesBlueberry FamilyBlackArrow PlatformNo Activation Fee
Challenge Types
1-Step
Platform
BlackArrow
Profit Split
90%
First Payout
  • Part of the Blueberry family of brands
  • Simple one-step challenges with clear rules
  • Level 1 CME data included, no activation fees
85/100

From

$129

09
FundedNext Futures logo

Est. 2023 · AE

With an overall rating of 84/100, FundedNext Futures is a futures-focused evaluation platform offering three challenge models — Rapid, Legacy, and Bolt — each with different profit targets and loss limits. FundedNext Futures offers $25K, $50K, and $100K accounts across Rapid and Legacy, and a $50K account on Bolt. All accounts operate in a simulated trading environment using demo accounts. Challenge fees start from $129 for Legacy. The platform covers CME Group futures including currencies, equity indices, metals, energy, and agriculture. FundedNext Futures is a division of the FundedNext brand.

Futures Trading OnlyThree Challenge ModelsSimulated Trading
Challenge Types
Platform
Profit Split
First Payout
  • Three challenge models with different risk profiles
  • No activation fees or monthly charges
  • Scaling plan increases contract limits as balance grows
84/100

4.2

TrustpilotTrustpilot

From

$129

10
FTMO logo

FTMO

Verified

Est. 2015 · CZ

FTMO is an educational and technology-driven company established in 2015, offering simulated trading environments through its structured evaluation process. FTMO now offers two evaluation products — FTMO Challenge: 2-Step and FTMO Challenge: 1-Step. All FTMO Challenge accounts are simulated accounts with fictitious funds, and trading is not in real financial instruments. 2-Step rewards start at 80%, with 90% available through the Scaling Plan. 1-Step pays 90% on the FTMO Account. Fees start from €89 for the $10,000 2-Step challenge, and traders can reach a maximum FTMO Account allocation of $400,000 before scaling, with the Scaling Plan growing up to $2,000,000.

Scaling to $2MUp to 90% Split20 Languages Support
Challenge Types
1-Step, 2-Step
Platform
MT4, MT5
Profit Split
90%
First Payout
14 days
  • Two evaluation products (1-Step and 2-Step)
  • Scaling Plan up to $2,000,000
  • Up to 90% reward split
83/100

4.8

TrustpilotTrustpilot

From

$89

11
Topstep logo

Topstep

Verified

Est. 2012 · US

Topstep scored 83/100 in our 2026 testing, placing 3rd on our list of the 10 best futures prop firms. Topstep has one evaluation step — the Trading Combine — after which traders move to an Express Funded Account where payouts begin. A Live Funded Account is available as a later upgrade. Topstep now offers Standard and No Activation Fee paths for the Trading Combine. For traders who joined on or after 12 January 2026, payouts are subject to a 90/10 split. Payout requests can be made in as little as 3 days, with Express Funded offering Standard and Consistency payout paths. TopstepX is the main current platform.

Futures Trading OnlyUp to 90% Split155K+ Discord
Challenge Types
Platform
TopstepX, NinjaTrader
Profit Split
90%
First Payout
  • Up to 90% profit split for new traders
  • Payouts available in as little as 3 days
  • No time limits on Trading Combine
83/100

3.6

TrustpilotTrustpilot

From

$49

12
Tradeify logo

Tradeify

Verified

Est. 2023 · US

Tradeify scored 82/100 when our research team tested and reviewed the popular US futures prop firm. Tradeify currently offers three challenge models: Growth (1-step evaluation), Lightning Funded (instant funding), and Select Challenge (1-step evaluation with a choice of Select Flex or Select Daily funded payout policy). The Advanced Challenge is no longer available for new purchases as of December 2025. All funded accounts (Growth, Lightning, Select Flex, Select Daily) are simulated, with Tradeify Elite Live as the real-capital live stage issued through NinjaTrader brokerage. Payout rules vary by funded account type, with a 90% profit split on sim funded accounts. Tradeify now highlights 80,000+ traders and $110M+ verified payouts.

Real Exchange AccessInstant Funding90% Profit SplitUS Futures
Challenge Types
Platform
Tradovate, TradingView
Profit Split
90%
First Payout
  • Instant funding via Lightning Funded
  • Fast profit payouts (24–72 hours)
  • Real exchange access (CME, CBOT, COMEX, NYMEX)
82/100

4.7

TrustpilotTrustpilot

From

$139

13
Funded Prime logo

Est. 2023 · AE

Funded Prime scored 80/100 in our 2026 review, with big points for unique challenges, fair trading rules, and broker-backed pricing that tracks live markets closely. You can choose between One Phase, Two Phase, Stock Traders, Meme Coin, and Bitcoin Maxi challenges, with account sizes from $5K to $200K. The simulated trading experiences are administered by Eightcap Services FZ-LLC in the UAE. All challenges lead to a funded account with an 80% profit split by default, with the Prime Split add-on available to increase it to 90%. TradeLocker is the official trading platform. Pricing is powered by Eightcap, meaning spreads and execution mirror live market conditions. Challenge fees range from $35 to $1,235 depending on account size and challenge type.

Broker BackedMeme Coin ChallengeBitcoin Maxi Challenge80% Profit Split
Challenge Types
1-Step, 2-Step
Platform
TradeLocker
Profit Split
90%
First Payout
  • Meme Coin Challenge with 10:1 leverage on tokens like PEPE, WIF, TRUMP
  • Bitcoin Maxi challenge for dedicated BTC traders
  • Broker-backed pricing via Eightcap for live market conditions
80/100

4

TrustpilotTrustpilot

From

$35

14
IC Funded logo

IC Funded

Verified

Est. 2023 · LC

IC Funded scored 79/100 during testing, placing it among the top-rated prop firms. You can choose between a one step or two step challenge, with the funded profit split set at 80% (80/20 in favour of the trader) after the third payout has been processed. All trading at IC Funded is conducted in a simulated environment. You'll trade on MT5 with IC Markets-style execution. While scaling is capped at $500K and weekend holding is restricted on the 1-Step programme, the structured challenges and broker-backed conditions make it a solid choice. IC Funded does not provide services in the United States, Canada, and other restricted jurisdictions.

Broker BackedFees from $74Up to 80% Split
Challenge Types
1-Step, 2-Step
Platform
MT5
Profit Split
80%
First Payout
14 days
  • Fees from $74
  • Backed by IC Markets
  • Up to 80% profit split
79/100

2.7

TrustpilotTrustpilot

From

$74

15
The Trading Pit logo

Est. 2021 · LI

The Trading Pit scores 78/100, offering CFD, Futures, and Stocks challenges under one roof. Prime is the current active CFD model, with separate Futures Prime and Stocks products. All accounts are demo accounts with virtual funds, and all trading activity takes place in a simulated environment. Payout schedules vary by product: Prime CFD pays every 14 days, Futures Prime pays every 14 days for the first two payouts then every 7 days after the second payout if profit is over $200, and Stocks requires 3 profitable trading days with at least $100 profit per day for the first payout. The 40% consistency rule applies during the challenge phase. Platform availability depends on challenge type, with Stocks using Volumetrica Web & Desktop. Traders can scale up to €5M.

CFDs & FuturesLow SpreadsStock Trading ChallengeScale to €5M
Challenge Types
1-Step, 2-Step
Platform
MT4, MT5
Profit Split
80%
First Payout
  • CFDs, Stocks, and Futures challenges available
  • Traders can scale up to €5M
  • Wide range of markets including 46 forex pairs
78/100

4.2

TrustpilotTrustpilot

From

$49

16
The5%ers logo

The5%ers

Verified

Est. 2016 · IL

The 5%ers scored 78/100 in our 2026 review. They offer four CFD programmes — Bootcamp (3-step), High Stakes (2-step), and Hyper Growth (1-step) — plus a separate Futures offering with Basecamp and Rebate plans. All trading takes place in a simulated environment, and becoming funded is not guaranteed. During our live spread test, USD/JPY held steady at 0.0 pips, and even during a US unemployment claims release, spreads only widened to 1 pip — while other firms blew out to 4+ pips. The CFD scaling plan is arguably the best in the industry: hit specific milestones and your account doubles, eventually reaching $4 million with a 100% profit split and a monthly salary of up to $10,000. Futures accounts scale at every 10% profit milestone up to $500,000. If you value tight spreads and a clear path to scaling over a fancy dashboard, The 5%ers are a top-tier choice.

The5%ers video review
Up to $4M ScalingAccepts US Traders100% Profit SplitCFDs & Futures
Challenge Types
1-Step, 2-Step, 3-Step
Platform
MT5, MatchTrader
Profit Split
100%
First Payout
  • Elite spread stability — 0.0 pips on USD/JPY in testing
  • $4 per round turn FX commissions (vs $7 industry avg)
  • $4M CFD scaling plan with 100% profit split
78/100

4.9

TrustpilotTrustpilot

From

$39

17
Funded Trading Plus logo

Est. 2021 · GB

Funded Trading Plus (FTP) scores 77/100 in our 2026 review. The firm currently offers three core programmes — Instant Funding, 1-Step Express, and 2-Step Classic — replacing their earlier lineup of six legacy models. All trading takes place in a simulated environment, with payouts based on simulated profits. The standard profit split is 80%, upgradable to 90% or even 100% depending on account type or add-ons. Payout schedules vary by programme: Instant Funding and 1-Step Express allow withdrawals from day 1 then every 7 days, while 2-Step Classic uses a 10-day payout cycle. Drawdown rules also differ — Instant Funding uses 6% daily/max (relative), while 1-Step Express uses 4% daily and 6% max (relative), and 2-Step Classic uses 4% daily and 8% max (static). Scaling is available up to $2.5 million. FTP remains a strong option for traders who want variety and flexible evaluation structures, though limited spread transparency holds the score back.

Instant FundingThree Programme TypesScaling to $2.5MUp to 100% Profit Split
Challenge Types
1-Step, 2-Step, Instant
Platform
DXTrade, Match-Trader
Profit Split
100%
First Payout
  • Profit split from 80% up to 100% with upgrades
  • Instant funding option available — skip the evaluation entirely
  • Scaling plan up to $2.5 million
77/100

4.5

TrustpilotTrustpilot

From

$119

18
Think Capital logo

Est. 2024 · GB

ThinkCapital scores 76/100 as a broker-backed prop firm offering account sizes up to $200K and fees from $39. With three evaluation challenges, up to 90% profit splits, and platforms like MT5 and ThinkTrader, it balances competitive trading conditions with reliable bi-weekly payouts. ThinkCapital is a solid choice among broker-backed prop trading firms, offering competitive evaluation challenges and the flexibility of account sizes up to $200,000. Its three challenge types cater to traders of varying skill levels, from one-step evaluations for simplicity to multi-step processes for more advanced traders. With up to 90% profit splits, affordable fees starting at $39, and reliable bi-weekly payouts, it's well-suited for those seeking a straightforward path to funded trading.

Broker BackedUp to 90% SplitAccepts US TradersFees from $39EAs Allowed
Challenge Types
1-Step, 2-Step
Platform
MT5, ThinkTrader
Profit Split
90%
First Payout
14 days
  • Broker-backed prop firm
  • Bi-weekly and weekly payout options
  • Three challenge types to suit different styles
76/100

4.3

TrustpilotTrustpilot

From

$39

19
Hantec Trader logo

Est. 2023 · GB

Hantec Trader scores 75/100, making it a solid mid-tier option for traders who value clean rules, reliable payouts, and broker-backed credibility via Hantec Markets. While market depth and education are limited, and Instant Funding has tighter restrictions, the firm's clear structure and flexible challenges will suit experienced traders looking for efficient, no-nonsense funding.

Broker BackedInstant FundingScaling Plan75-90% Profit Split
Challenge Types
1-Step, 2-Step, Instant
Platform
MT4, MT5
Profit Split
90%
First Payout
7 days
  • Fast, flexible payouts (7, 14, or 30 days)
  • Backed by FCA-regulated broker (Hantec Markets)
  • MT4 and MT5 supported with no platform fees
75/100

4.5

TrustpilotTrustpilot

From

$49

20
Apex Trader Funding logo

Est. 2021 · US

Apex Trader Funding scored 74/100 in our 2026 review. The firm has transitioned from legacy monthly subscription evaluations to one-time fee products with 30-day access and no recurring billing. Current products are split by drawdown model — EOD (trailing End-of-Day drawdown with Daily Loss Limit) and Intraday (trailing real-time drawdown with no DLL) — with vendor options including Rithmic, Tradovate, and WealthCharts. Account sizes available for new purchases are 25K, 50K, 100K, and 150K. Evaluations have no minimum trading days and can be passed in as little as 1 day. Funded Performance Accounts (PAs) use tier-based contract scaling. Payout eligibility requires 5 qualifying trading days with minimum daily profit thresholds. Approved payouts are paid at a 100% split. Safety net is required for the life of the PA, with only profit above the safety net eligible for withdrawal. Maximum 6 payout requests per PA with a $500 minimum and 50% payout consistency rule. Apex accepts traders from over 100 countries with international payouts supported through Plane (ACH for US traders). The firm offers futures across equity, currency, agricultural, energy, crypto (micro only), and EUREX, though COMEX and all metals are temporarily unavailable. Trading platforms include Rithmic, Tradovate, WealthCharts, NinjaTrader (for Rithmic setup), and RTrader Pro.

One-Time FeesFutures Only100+ CountriesTier-Based Scaling100% Payout Split
Challenge Types
1-Step
Platform
Rithmic, Tradovate
Profit Split
100%
First Payout
  • One-time evaluation fees with no recurring billing
  • 100% approved payout split on funded accounts
  • No minimum trading days to pass evaluation
74/100

4.4

TrustpilotTrustpilot

From

$118

21
City Traders Imperium logo

Est. 2018 · AE

City Traders Imperium (CTI) scored 72/100 in our 2026 review. Founded in 2018, CTI offers four routes to funding: One Step and Two Step evaluation challenges, plus Instant Funding and Instant Funding Pro. All accounts operate in a simulated environment. Evaluation challenges use balance-based (static) drawdown, while Instant Funding accounts use trailing drawdown tied to the account balance. Profit splits on evaluation challenges start at 80% and can scale to 100%. Instant Funding starts around 50% and increases through scaling milestones. The $4M scaling potential only applies to Instant Funding accounts across multiple accounts — evaluation challenges are effectively capped at $200K per account. Instant Funding traders start with half the advertised balance and unlock the full amount after hitting the first profit milestone. Commissions are $5 round-turn per lot for forex and commodities, $0.50 round-turn for indices, and zero commission for crypto. The platform lists around 50 instruments across forex, indices, commodities, and crypto, though exact counts can change. MT5 is available outside the US only — US traders must use MatchTrader. CTI is best suited to traders who prefer structured progression and strict risk controls over flexibility or aggressive exposure.

Instant FundingUp to 100% SplitScaling to $4M (IF Only)Funded Trader Salary
Challenge Types
1-Step, 2-Step, Instant
Platform
MT5, MatchTrader
Profit Split
100%
First Payout
14 days
  • Scaling up to $4 million across multiple Instant Funding accounts
  • Instant Funding accounts with no evaluation required
  • Salary payments available for traders meeting long-term consistency criteria
72/100

4.4

TrustpilotTrustpilot

From

$39

22
Trade the Pool logo

IL

Trade The Pool scored 70/100 in our 2026 review. It's a US stock and ETF prop firm offering access to 12,000+ real equities and ETFs in regular trading using exchange data from NASDAQ, NYSE and CBOE, plus around 3,500 symbols via Blue Ocean for 24/5 overnight sessions. No futures, options, forex, crypto, or CFDs are available — it is equities and ETFs only, with spot-style stock trading. The firm is operated by Five Percent Online Ltd (The 5%ers) and runs four one-step programmes: Day Flex, Day Max, Swing Flex, and Swing Max. Each has different daily pause limits, max loss thresholds, time limits, and consistency rules. Daily drawdown and max loss vary by programme — Day Flex uses 2%/4%, Day Max uses 1%/3%, and both Swing programmes use 3%/7%. Evaluation accounts are simulated. Funded accounts may be live and/or simulated depending on risk management decisions. Copy trading is allowed between a maximum of two of your own accounts — TraderEvolution's copy feature on evaluation accounts only, manual copy trading on both evaluation and funded accounts. Automated trading is restricted during evaluation, but SignalStack is being trialled in beta for funded accounts. Payouts are processed via wire transfer, cryptocurrency, Hub credits, or credit card on a 14-day cycle, with a minimum withdrawal of $300 ($150 for $5K accounts). Flex funded accounts need 3 separate profitable trading days (0.5%+ each) within a 14-day period to qualify for withdrawal.

US Stocks & ETFs12,000+ SymbolsReal Exchange DataOne-Step Evaluation
Challenge Types
1-Step
Platform
TraderEvolution
Profit Split
70%
First Payout
14 days
  • Access to 12,000+ US stocks and ETFs in regular trading, plus ~3,500 via Blue Ocean overnight
  • Direct exchange data from NASDAQ, NYSE and CBOE
  • Transparent risk management structure with four distinct programmes
70/100

4.5

TrustpilotTrustpilot

From

$47

23
Goat Funded Futures logo

Est. 2023 · AE

Goat Funded Futures scored 65/100 in our 2026 review. The firm offers three distinct models — EOD Evaluation, Static Evaluation, and Instant Funding — each with different drawdown rules, pricing structures, and payout requirements. Traders keep 100% of the first $10,000 in profit, after which the split moves to 90%–95% depending on trader level. Drawdown and daily loss rules vary significantly by model: EOD uses trailing EOD drawdown (3.67%–5%) with a 2.5% daily loss limit only once funded; Static uses fixed drawdown (3.33%–4.17%) with no daily loss limit; Instant uses trailing real-time drawdown (5%) with a 3% daily loss cap. Consistency rules also differ — EOD/Static use 50% during evaluation and 30% when funded, while Instant limits profit concentration to 20% per day. All plans include access to 55 CME futures instruments and nine trading platforms including Project X, NinjaTrader, Quantower, ATAS, Volumetrica, Volsys, TradingView, VolBook, and Tradovate, with no added costs for data or software. Copy trading is allowed between your own accounts but not between different traders. Algorithmic trading / EAs are not clearly confirmed by the firm. Payout windows are fixed (5th–8th and 20th–23rd each month). Commission rates are not publicly disclosed but typically estimated at $1.50–$2.50 per round turn.

Futures100% First $10KScaling Plan90-100% Profit Split
Challenge Types
Instant
Platform
Project X, NinjaTrader
Profit Split
100%
First Payout
  • Keep 100% of first $10K in profit, then 90%–95% split
  • Access to 55 CME futures instruments
  • Three distinct models: EOD, Static, and Instant Funding
65/100

3.8

TrustpilotTrustpilot

From

$99

24
The Funded Trader logo

Est. 2021 · US

With an overall score of 65/100, The Funded Trader lands in the middle of the pack. It stands out for the sheer number of challenges on offer and scaling that can reach $5 million, but it's not without issues. Support isn't 24/7, response times are often slow, and a low Trustpilot score shows the mixed reputation it has. TFT offers decent market access, scaling up to $5 million, and profit splits that reach 99% on most accounts. Platform choice is solid with MT5, cTrader, and Match-Trader available. The main drawbacks are high commissions, no published spreads, and constant rule changes.

8 Challenge TypesScaling to $5MMT5cTrader
Challenge Types
1-Step, 2-Step
Platform
MT5, cTrader
Profit Split
99%
First Payout
7 days
  • 200K challenge accounts available
  • Established Discord with 110,000+ members
  • Scaling plan up to $5 million
65/100

3

TrustpilotTrustpilot

From

$42

25
E8 Markets logo

E8 Markets

Verified

Est. 2021 · US

E8 Markets scored 64/100 in our 2026 review. The firm offers four distinct one-step models — E8 One, Signature Forex, Signature Futures, and Signature Crypto — each with different drawdown systems, platform options, leverage, and payout rules. E8 One is the most flexible, with customisable drawdown (4%–14% real-time trailing), payout splits upgradeable from 80% to 100% via add-ons, and account sizes from $5K to $500K starting at $40. Signature accounts use fixed rules with 3%–4% EOD trailing drawdown, an 80% profit split, and account sizes of $50K–$150K starting at $130. All trading is simulated — E8 is not broker-backed, and the official site states that payouts are discretionary and tied to E8's acceptance and licensing of performance data. Weekend and overnight holding are allowed on E8 One only; all Signature accounts are intraday-only. News trading is allowed in evaluation on all accounts but restricted once funded on E8 One; Signature accounts allow news trading at all stages. EAs are allowed on E8 One, Signature Forex, and Signature Crypto, but not on Signature Futures, which is manual and intraday only with positions auto-closing at 15:10 CT. Payout rules differ significantly by model. E8 One has no payout buffer and no payout caps, but requires the best day to be ≤40% of total profits and the payout to exceed 50% of the daily DD value. Signature accounts are more restrictive: best day ≤35%, minimum 3 profitable days (0.3% closed profit each) for the first payout, 5 profitable days between subsequent payouts, a mandatory payout buffer equal to the EOD trailing drawdown, and progressive payout caps that only increase with payout history. There is no traditional scaling plan — traders wanting more capital use multiple funded accounts.

One-Step OnlyFutures TradingCrypto TradingCustomisable DrawdownSix Platforms
Challenge Types
1-Step
Platform
Match-Trader, MT5
Profit Split
100%
First Payout
  • Four distinct models covering Forex, Crypto, and CME Futures under one firm
  • Six trading platforms with platform access varying by model
  • E8 One offers customisable drawdown (4%–14%) and payout splits (80%–100%)
64/100

4.4

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From

$40

26
TradeDay logo

TradeDay

Verified

Est. 2020 · US

TradeDay scored 63/100 in our 2026 review. The firm offers three one-step futures evaluations — Intraday, End of Day (EOD), and Static — with account sizes of $50K, $100K, and $150K. Evaluations require a minimum of 5 trading days, and no single day's profit may exceed 30% of total profit. TradeDay is day-trading only — all positions must be closed before the market closes and at least 10 minutes prior to the end of any session. No holding positions over tier 1 market data releases. Three drawdown models are available: Intraday trailing max drawdown, EOD trailing max drawdown, and Static fixed drawdown. Drawdowns vary by product and size (e.g. $50K Intraday has $2,000 trailing max drawdown, $100K Intraday has $3,000, $150K Intraday has $4,000, while Static accounts use fixed drawdowns from $500 to $1,000). Profit share starts at 80% from day one, with the potential to reach 95%. Day one payouts are marketed with no restrictions on withdrawal frequency. Monthly membership stops once funded, and funded traders do not pay additional commission on trading. No activation fee applies. The firm operates on futures only across CME, CBOT, NYMEX, and COMEX. Stocks, options, forex, cryptocurrency, and CFDs are not permitted. Platforms include NinjaTrader and Tradovate. Third-party trading bots and automated trading systems are banned, as is software or AI used to manipulate or gain an unfair advantage. TradeDay has operated since 2020 and published a pass rate of 28.2% (October 2023 – March 2024).

Futures OnlyDay One PayoutsUp to 95% SplitThree Drawdown ModelsNo Activation Fee
Challenge Types
1-Step
Platform
NinjaTrader, Tradovate
Profit Split
95%
First Payout
1 days
  • Day one payouts with no restrictions on withdrawal frequency
  • No activation fee for funded accounts
  • Funded traders do not pay additional commission
63/100

From

$87

27
Funded Elite logo

IT

Funded Elite scores 62/100 in our 2026 review. The firm offers six challenge models — 2-Step + Free Retry, 1-Step + Free Retry, LITE 2-Step, LITE 1-Step, Instant, and Flash Activation — each with different daily drawdown limits, max drawdown options, profit targets, and payout rules. Daily drawdown varies from 3% to 5% depending on the model, and max drawdown is selectable on most accounts (ranging from 5% to 10%). Profit split is not a standard 95%. Traders choose between 60%, 70%, 80%, or 95% at checkout. The Instant model starts with 70% on the first payout and then switches to the chosen split from the second payout onward. If second chance is used on eligible models, the profit split permanently drops to 50%. All capital in challenge and funded accounts is virtual, not real money — profits earned from successful trading are real and paid out. Weekend holding is allowed by default, but weekend trading (opening/closing positions on weekends) requires a paid add-on. News trading is allowed without restrictions. EAs are allowed as support tools only — they must not trade independently with hidden or fully automated strategies, and hidden EA use can lead to termination. The first payout is always after 21 days regardless of the payout interval selected at checkout (3, 7, 14, or 21 days). Crypto payouts are capped at $500 gross per cycle. Transition to a live account is not automatic — it is by private invitation after review. Accounts are terminated after 29 days without a trade. Traders can have up to 50 active challenges but total live funded allocation is capped at $400,000. All $300K accounts have a 60% consistency rule and 5 minimum trading days. The firm is based in Latina, Italy. Platforms include MT5, TradeLocker, and Match-Trader, with restricted country lists that differ by platform.

Multiple Challenge ModelsCustomisable Add-OnsInstant FundingPay Later ModelSix Platforms
Challenge Types
1-Step, 2-Step, Instant
Platform
MetaTrader 5, TradeLocker
Profit Split
95%
First Payout
21 days
  • Six challenge models with fully customisable settings including profit split, leverage, drawdown, and payout interval
  • Free retry available on both 2-Step + Free Retry and 1-Step + Free Retry models
  • Weekend holding allowed by default on all accounts
62/100

4.5

TrustpilotTrustpilot

From

$5

28
Funding Pips logo

Est. 2022 · AE

Funding Pips scored 62/100 in our review, offering four challenge models (Zero, 1-Step, 2-Step, and 2-Step Pro) across MT5, Match-Trader, and cTrader. Reward splits depend on the payout cycle selected: Weekly 60%, Bi-weekly 80%, On-Demand 90%, or Monthly 100%. While rule clarity and support could improve, it's a decent option for traders who understand the prop firm's trading rules.

Multiple PlatformsScaling PlanDubai Based
Challenge Types
Zero, 1-Step, 2-Step, 2-Step-Pro
Platform
MetaTrader 5, cTrader
Profit Split
100%
First Payout
  • MT5, Match-Trader, and cTrader available
  • Reward splits up to 100% on Monthly cycle; 60–90% on shorter cycles
  • Competitive leverage for Pro Account
62/100

4.5

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From

$29

29
Maven Trading logo

Est. 2022 · CA

With an overall score of 62/100, Maven Trading scored moderately because of wider spreads and poor transparency around pricing. Although the prop firm offers multiple challenges with low fees and instant funding accounts, Maven Trading has restrictive payouts and unhelpful customer support. While the range of five challenge types allows for flexibility compared to other firms, significantly wider forex spreads and limited transparency may make it less ideal for active and high-frequency traders.

Low Fees5 Challenge TypesMT5cTrader
Challenge Types
1-Step, 2-Step, 3-Step, Instant, Mini
Platform
cTrader, Match-Trader
Profit Split
80%
First Payout
10 days
  • Fees from just $13
  • Five challenge types including Instant Funding and Mini
  • Forex, ETFs, crypto, commodities, and indices
62/100

4.5

TrustpilotTrustpilot

From

$13

30
Instant Funding logo

Est. 2020 · LC

With an overall score of 58/100, Instant Funding is an independent prop trading firm focused on instant funding accounts with no evaluation. While it offers seven account types, flexible scaling up to $1,280,000, and support for MT5, cTrader, and Match-Trader, significant concerns around pricing transparency, removed TrustPilot reviews due to guideline breaches, and trader complaints about payout disputes and rule enforcement lower its overall standing. However, there are positives. Platforms scored well at 8/10 with three solid options, and payouts earned 8/10 thanks to on-demand and short-cycle withdrawal options. Markets and leverage also scored 7/10, with broad CFD coverage and up to 1:100 leverage on forex pairs.

TrustPilot RemovedPayout DisputesInstant FundedNo Evaluation
Challenge Types
Instant, 1-Step, 2-Step
Platform
MT5, cTrader
Profit Split
95%
First Payout
14 days
  • Multiple instant funding account options with no evaluation
  • No time limits on most challenge accounts
  • Up to 90-95% profit split depending on account type
58/100

From

$25

31
MyFundedFutures logo

Est. 2022 · US

With an overall score of 58/100, MyFundedFutures ranked 7th place out of 16 futures prop firms we tested, with our research team having a mixed trading experience. The firm's three account types cater to different types of futures traders, but restrictive payout policies, high monthly fees for some plans, and rigid profit-sharing rules dropped the firm a few places. While the range of futures account types allows for some flexibility compared to other firms, strict consistency rules and limited payout options may make it less ideal for active traders.

40% Consistency RuleMonthly FeesFutures Trading Only100% First $10K
Challenge Types
Platform
NinjaTrader, Tradovate
Profit Split
100%
First Payout
5 days
  • Specialises in futures trading
  • Keep 100% of first $10K profit
  • NinjaTrader, Tradovate, and TradingView platforms
58/100

4.9

TrustpilotTrustpilot

From

$80

32
Goat Funded Trader logo

Est. 2023 · AE

Goat Funded Trader scored 57/100 in our full review. The firm offers a broad range of challenge types — 1-Step, 2-Step (GOAT, Standard, PRO variants), 3-Step, Instant (GOAT, Standard), Goat Blitz, and Pay Later — with five trading platforms (cTrader, TradeLocker, MatchTrader, Volumetrica, MT5) and access to Forex, Indices, Metals, Commodities, Stocks, and Crypto. Profit splits start at 80% with 100% available as an add-on. Payout timing depends on the model: bi-weekly payouts are standard on many funded models, Instant Standard uses Triple Payday (5th, 15th, 25th), and Reward on Demand is available on eligible challenge models. Reward on Demand requires 3% profit over at least 3 trading days with at least 0.5% profit on each day — the first Reward on Demand payout is paid at 40% split, then later payouts return to the usual split. Drawdown and daily loss rules vary by model: 1-Step uses 4% daily and 6% max drawdown, 2-Step GOAT uses 4% daily and 10% max, 3-Step uses 4% daily and 8% max, and Instant GOAT uses 3% trailing daily and 6% trailing max. News trading is allowed but profits from trades within 5 minutes of high-impact news are capped at 1% of initial balance. Goat Guard auto-closes trades at 2% floating loss on funded accounts (excluding Instant) — first trigger cuts split to 50%, second trigger breaches the account. Funded accounts have a $3,000 daily profit cap. The first two reward requests are capped at 6% of initial balance. GFT now promotes 240,000+ traders, $14M+ paid in rewards, and 5,000+ verified reviews on its site. Accounts are fully simulated using real market quotes. While the firm has improved its public operating metrics and defined rule sets, payout complaints and trust concerns persist.

Multiple ModelsGoat GuardReward on Demand5 PlatformsStocks Available
Challenge Types
1-Step, 2-Step, 3-Step, Instant
Platform
cTrader, TradeLocker
Profit Split
100%
First Payout
  • Wide range of challenge types including 1-Step, 2-Step, 3-Step, Instant, Goat Blitz, and Pay Later
  • Five trading platforms: cTrader, TradeLocker, MatchTrader, Volumetrica, and MT5
  • Profit splits up to 100% (with add-on)
57/100

3.4

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From

$22

33
One Up Trader logo

US

OneUp Trader scored 57/100 overall and is a popular prop firm for futures trading. You can qualify for funding in as little as 10 days — or just 5 with the Express Funding option (available only to previously funded traders with an FTA termination in the past 30 days) — while keeping 100% of your first $10,000 in profits and 90% after that. However, the futures prop firm has clear limitations. Monthly fees during the evaluation phase can add up, especially if you don't pass on the first try. Some traders have also flagged issues with strict rule enforcement and platform stability. While the evaluation is simple, the tight trailing drawdown can be a hurdle for more aggressive strategies. OneUp Trader is best suited for disciplined futures traders who value simplicity and platform variety but may not be ideal if you're looking for more asset class flexibility or a lower-cost path to funding.

Monthly Subscription FeesTight Trailing DrawdownFutures Trading Only20+ Platforms
Challenge Types
1-Step
Platform
NinjaTrader, R|Trader Pro
Profit Split
100%
First Payout
  • 100% of first $10K profit kept by trader
  • Simple one-step evaluation process
  • Over 20 supported trading platforms
57/100

4.7

TrustpilotTrustpilot

From

$65

34
AquaFunded logo

AquaFunded

Verified

AE

AquaFunded scored 55/100 overall. It offers a wide range of challenge types, from 1-step to instant funding, with no time limits and solid platform access. But post-funding rules are stricter than most competitors, and key details like average spreads and rule enforcement clarity are missing. The platform selection now includes four options — MT5, TradeLocker, Match Trader, and cTrader (with added fee) — and pricing is transparent at the commission level. The standard profit split is 90%, with 100% available via add-on. AquaFunded has also expanded beyond CFDs with AquaFutures for futures trading and AquaFunded Crypto as a dedicated crypto product. However, with no average spreads published, no resets, and a Trustpilot profile flagged for fake reviews, AquaFunded is best suited to experienced traders who can manage its limitations.

Multiple EvaluationsInstant FundingScaling PlanTrustpilot Flagged
Challenge Types
1-Step, 2-Step, 3-Step, Instant
Platform
MT5, TradeLocker
Profit Split
90%
First Payout
14 days
  • Instant funding accounts up to $200K
  • Scaling plan up to $4 million
  • EAs and automated trading allowed
55/100

From

$19

35
Lark Funding logo

CA

Lark Funding scored 52/100 overall. It's a Canada-based prop firm offering four distinct funding models — Instant Funding, One Step, Two Step, and Three Step challenges — with account sizes from $5,000 to $200,000. While the variety of challenge options and instant funding availability are appealing, higher fees, the restrictive payout lock rule, and limited customer support hold it back. The firm accepts EAs and news trading, but prohibits martingale, grid trading, and HFT strategies. All trading takes place in a simulated environment. For traders prioritising transparency, lower fees, and stronger support, there are better options available — but Lark Funding may suit experienced traders who are confident in their strategies and risk management.

Payout Lock RuleNo Scaling Plan$40 Withdrawal FeeNews Trading Allowed
Challenge Types
1-Step, 2-Step, 3-Step, Instant
Platform
cTrader, DXTrade
Profit Split
90%
First Payout
  • Instant funding accounts with no evaluation required
  • No time limits on completing evaluations
  • Four distinct challenge types to match different styles
52/100

4.5

TrustpilotTrustpilot

From

$60

36
Earn2Trade logo

Earn2Trade

Caution

Est. 2016 · US

Earn2Trade scored 48/100 in our 2026 review. The firm offers two one-step futures evaluations — Trader Career Path (TCP) and Gauntlet Mini — with account sizes from TCP25 to GAU200 and a $400K growth plan through the TCP progression ladder. Education is a genuine strength, with full educational material during the evaluation, Journalytix access, webinars, articles, videos, and a separate Beginner Crash Course with 60 short lessons. Funded account rules are restrictive rather than vague. Verified funded rules include an 80/20 profit split, approved trading times and daily loss limits, progression ladder, LiveSim EOD drawdown or Live trailing drawdown, monthly data fees unless the trader has their own feed, and termination after five consecutive unscheduled trading-day absences. In 2025, 94.77% of passers traded LiveSim accounts. LiveSim payout caps apply — Gauntlet Mini LiveSim accounts can withdraw up to $4,000 after reaching $5,000 profit, while TCP LiveSim withdrawals are capped at the profit target minus 20%. Withdrawals are processed weekly on Wednesdays with a $100 minimum net withdrawal. Withdrawal methods are assigned by the firm and include Rise, Deel, Bayzat, and Direct Crypto. The firm operates on futures only across CME, COMEX, NYMEX, and CBOT — no ICE, no EUREX, and no stocks, options, forex, crypto, or CFDs. Platforms include NinjaTrader, Finamark, and Rithmic. The evaluations are not suggested for people with little trading experience, with an 8.89% pass rate in 2025.

Educational FocusFutures Only80% Profit SplitTwo Evaluation ProductsMonthly Subscription
Challenge Types
1-Step
Platform
NinjaTrader, Finamark
Profit Split
80%
First Payout
  • Strong educational platform including Journalytix, webinars, articles, videos, and 60-lesson Beginner Crash Course
  • Multiple trading platforms: NinjaTrader, Finamark, Rithmic
  • Long operating history since 2016 with named proprietary and brokerage partners
48/100

4.7

TrustpilotTrustpilot

From

$150

Elite Trader Funding scored 47/100 in our review. It offers six distinct evaluation models — 1 Step, Direct to Funded, Static, Diamond Hands, End of Day, and Fast Track — with wide instrument access across major US futures exchanges and flexible platform support. The firm highlights 53,000+ happy customers, $12M+ in total payouts, and 4+ years in business. Traders can keep up to 100% of the first $12,500, then 90% after, with up to $150,000 in lifetime sim-funded profit before further criteria apply. Same day payout approval is available, and minimum qualified days to first payout are 8 for most plans. Top performers are invited to LIVE Elite, where they trade real capital, can withdraw daily, and may receive performance bonuses — though this is not an automatic progression and remains at ETF's discretion. Evaluation fees start from $16.50 on promotional pricing, but traders should note that ETF uses discount-led promotional pricing that may not reflect permanent base rates. Max drawdown varies by plan and account size rather than a flat percentage. Rules around news trading, weekend holding, copy trading, and EAs are plan-specific rather than blanket policies. The 10-second rule prohibits entering and exiting within 10 seconds across all stages.

Six Evaluation ModelsSim-Funded AccountsFutures Trading OnlyLIVE Elite for Top Performers
Challenge Types
1-Step, Direct-To-Funded, Static, Diamond-Hands, Eod, Fast-Track
Platform
TradingView, NinjaTrader
Profit Split
100%
First Payout
8 days
  • Full access to major US futures exchanges (CME, CBOT, COMEX, NYMEX)
  • Six evaluation models covering different trading styles and risk profiles
  • Up to 100% profit split on first $12,500 with up to $150K lifetime sim-funded profit
47/100

3.8

TrustpilotTrustpilot

From

$16.5

38
Blue Guardian logo

Blue Guardian scored 45/100 in our full review. The firm offers a broad range of challenge types — Instant Starter, Instant Standard, One Step, Two Step Standard, Two Step Pro, Three Step, Guardian X, and a dedicated Crypto line — with no time limits on evaluations and flexible platform access via MT5, Match-Trader, and TradeLocker. Profit splits depend on the model: Instant Funding Standard is 80% by default (90% with add-on), Instant Starter is 90%, and evaluation-based funded accounts are up to 90%, though some large funded accounts are 85%. Payout timing also varies — instant accounts use instant payouts, 1 Step and some funded models can pay up to weekly, 2 Step Standard is bi-weekly, and 2 Step Pro offers first payout on demand then bi-weekly after. Drawdown and daily loss rules are model-specific rather than a flat firm-wide rule. News trading is allowed during evaluations but restricted on funded accounts (5-minute window around high-impact events), with Guardian X as the exception where news trading is allowed at all stages. The firm highlights 83,000+ traders, 160,000+ community members across 160+ countries, and $20M+ in total rewards. However, the TrustPilot profile remains flagged for guideline violations, and all funded accounts are demo accounts with virtual funds in a simulated environment. Traders should review each model's specific terms before committing.

TrustPilot FlaggedRules Vary by ModelNo Spread DataNo Time LimitsGuardian X
Challenge Types
1-Step, 2-Step, 2-Step-Pro, 3-Step, Instant, Guardian-X, Crypto
Platform
MT5, Match-Trader
Profit Split
90%
First Payout
  • Eight challenge types including Instant, One Step, Two Step, Three Step, Guardian X, and dedicated Crypto line
  • No time limits on any evaluation
  • MT5, Match-Trader, and TradeLocker platform options
45/100

From

$29

39
Alpha Capital logo

Est. 2021 · GB

Alpha Capital scored 43/100 in our full review. The firm offers four evaluation models — Alpha One (1-step), Alpha Pro (2-step with 10%, 8%, and 6% variants), Swing (2-step), and Alpha Three (3-step) — with platform access via MT5, cTrader, DXTrade, and TradeLocker. Profit splits are 80% across all models. Payout schedules depend on the plan: Swing and Alpha One support on-demand payouts, while Alpha Pro and Alpha Three use bi-weekly payouts. On-demand payouts require compliance with the 40% Best Day Rule and at least 2% gross profit. Bi-weekly accounts need minimum $100 profit and 5 trading days for the first withdrawal. Drawdown and daily loss rules are model-specific. Alpha One uses 4% daily and 6% trailing max drawdown. Alpha Pro comes in three versions: Pro 10% (5% daily, 10% static), Pro 8% (4% daily, 8% static), and Pro 6% (3% daily, 6% static). Swing uses 5% daily and 10% static. Alpha Three uses 4% daily and 6% static. News trading is allowed during assessment but restricted on qualified accounts with plan-specific windows. Weekend holding is allowed on Swing, One, and Three qualified accounts but not on Pro. Alpha Capital also has a live progression route called Alpha Prime, where traders can qualify by achieving $40,000 profit on one simulated payout, five payouts from one qualified account, or $100,000 in lifetime payouts. The firm offers Standard and Raw assessment types — Standard has no commission while Raw charges $2.5 per lot each direction, with indices commission-free on both. US residents can use cTrader, DXTrade, and TradeLocker but cannot use MT5. Maximum allocation is $400,000 per household with $300,000 per strategy on qualified accounts.

Simulated Environment OnlyPayout Denials Reported40% Best Day RuleMultiple PlatformsAlpha Prime Live Route
Challenge Types
1-Step, 2-Step, 3-Step
Platform
MetaTrader 5, cTrader
Profit Split
80%
First Payout
  • Four evaluation models (Alpha One, Alpha Pro with 3 variants, Swing, Alpha Three) covering different trading styles
  • Account sizes up to $200K with scaling plan up to $2 million
  • MT5, cTrader, DXTrade, and TradeLocker platform options
43/100

4.7

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$50

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Best Prop Trading Platforms

Comparing the platforms you'll actually trade on

Most prop firms will give you a choice of trading platforms, with MetaTrader 4 and 5, cTrader, and TradingView being the most popular. Some firms also offer their own proprietary platforms, which can include features designed specifically for funded traders. The platform you choose will have a big impact on your challenge as it affects everything from execution speed to the trading tools you can use.

Shared Platforms

Third party platforms like MT4, MT5, cTrader, and TradingView are the most popular because they're familiar and transferable. If you change prop firms, you don't have to relearn the software, and things like automated strategies or custom indicators often carry over.

Proprietary Platforms

Some firms design their own trading platforms with features like built-in risk dashboards or drawdown tracking. These can help you stay inside evaluation rules, but the trade-off is that if you swap prop firms, you'll likely need to learn new software.

MetaTrader 4 by MetaQuotes (MT4)

The industry standard for forex prop trading

MetaTrader is still the standard for most prop firms. MT4 works well if you are a forex prop trader, while MT5 adds more order types, more timeframes, and better support for multi-asset trading. If you've traded retail accounts before, you've probably already used one of them.

Key Features

  • Charting tools with multiple timeframes and a solid library of technical indicators
  • Automated trading through Expert Advisors (EAs)
  • Large marketplace of custom scripts and strategies built by other traders
  • Copy trading options if you want to follow other accounts

Advantages

  • Almost every prop firm supports MetaTrader, so switching firms is easy
  • Custom indicators and automated strategies carry over between firms
  • Massive community support with guides, tools, and fixes
  • Stable and reliable, even though the interface looks dated

cTrader by Spotware

Modern execution with deeper market visibility

cTrader is a more modern platform and will suit if you care more about execution quality and order flexibility. It feels cleaner than MetaTrader and gives you a clearer view of pricing and trade data, which can help if you're sensitive to slippage or partial fills.

Key Features

  • Level II pricing for a deeper look at market liquidity
  • A wide range of order types for more control over entries and exits
  • cTrader Automate for custom strategy development in C#
  • Open API for integrating custom tools

Advantages

  • Modern and intuitive interface with cleaner trade reporting
  • Strong automation options with full C# programming support
  • Execution tools are more precise than MT4 or MT5

How To Select The Right Prop Trading Firm

The factors that actually matter when choosing a firm

The prop firm you choose will shape how you trade and how much you can earn. It's not only about payout percentages or account size; the firm's challenge model needs to match the way you trade. Here are the main things to consider.

1

Profit Payout Structure

Profit splits range anywhere from 50% to 90%, and while a higher percentage sounds good, it only matters if the firm pays consistently and without delays. Make sure you balance the split against the firm's reputation for actually delivering payouts.

2

Evaluation Process

The evaluation, or challenge, is how you prove yourself worthy of a funded account. Some firms use a one-step evaluation process that gets you funded quickly, while others have two or three step challenges that give you more chances but take longer. If you want to start trading fast, one-step, or even instant funding accounts, are the way to go.

3

Account Types and Costs

Check both the upfront fee and any ongoing charges. One-time fees are simple to manage, but some firms add monthly costs for trading platforms or data. Look beyond the advertised fee and factor in commissions and spreads, since these can eat into profits.

4

Leverage Offered

Leverage varies across firms and broker-backed firms usually mirror the leverage of their broker, while independent firms sometimes push it higher. Higher leverage gives you more potential upside but also more risk of hitting drawdown limits, so pick a firm whose leverage lines up with how you trade.

5

Trading Platforms and Tools

Confirm what platforms are supported — most firms offer MT4, MT5, or cTrader, and some now include TradingView. If you use automation, check whether EAs, cBots, or APIs are supported. A good firm should also provide risk dashboards or account metrics that help you stay inside their rules.

6

Range of Markets

Some firms are forex markets only, while others also offer indices, commodities, stocks, or crypto. Make sure the firm gives you access to the instruments you actually plan to trade, otherwise you'll be forced to adjust your strategy.

7

Customer Support and Education

Support is more important than some people realise. If payouts are delayed or platforms have issues, you want fast responses. Check if the firm has live chat or at least quick email turnaround. Educational resources are useful if you're still developing, but they're less critical if you already have a working strategy.

8

Trust and Community

Since most prop firms aren't regulated like brokers, their track record is what counts. Look for consistent payout history, clear rules, and a community of traders who can share experiences. A strong community can also give you ideas and support while you're trading the firm's capital.

9

Account Opening Process

Getting started shouldn't take long. Most firms now have simple sign-up and verification steps. If the process feels slow or overly complicated, that's usually a sign of how the firm operates in other areas too.

What is a Proprietary Trading Firm?

A proprietary trading firm, aka prop firm, provides skilled traders with the firm's capital to trade financial markets in exchange for a share of the profits.

Instead of using their own money, forex traders trade firm-funded accounts and follow specific risk management rules.

Prop firms evaluate traders through challenges before granting access to funded accounts, making them a popular choice for those looking to scale their trading without personal risk.

Benefits of Prop Trading

  • Access significant capital without risking your own money
  • Most firms offer profit splits of 70–90%
  • Access to advanced trading platforms and leverage
  • Trade across forex, stocks, futures, and crypto

Disadvantages of Prop Trading

  • Strict challenge rules trip up most traders
  • Most traders fail the evaluation and lose upfront fees
  • Many firms use simulated accounts, not live execution
  • Withdrawal policies and profit structures vary widely

How Prop Trading Firms Operate

Prop firms fall into two main categories: broker-backed and independent.

Broker-Backed Independent
Execution Direct market access, real execution Simulated trading environments
Revenue Spreads, commissions, and profit splits Primarily challenge fees and profit splits
Payouts Fast, regulated payout processes Varies — some reliable, some delayed
Examples Blueberry Funded, IC Funded, DNA Funded FTMO, The Funded Trader, FundedNext

How Prop Firms Make Money

Prop firms make money primarily through challenge fees, profit splits, and trading costs. You pay an upfront fee to attempt a challenge, and since many fail, this provides prop firms with steady income. Once a trader is funded, the firm takes a percentage of their profits, typically 10–30%, as part of the funding agreement. Some firms, especially broker-backed ones, also earn from spreads, commissions, and platform fees, as they are connected to regulated brokers.

Prop Challenges and the Evaluation Process

How prop firms assess traders before granting funded accounts

Prop trading firms use different challenge structures to assess you before granting access to funded accounts. Some challenges are straightforward, while others have additional evaluation steps or validation requirements. Alternatively, you may opt for instant funding which skips the initial evaluation process altogether.

1

One-Step Challenges

One-step evaluations require you to meet profit targets and risk criteria in a single phase. These are quicker to complete but often have stricter rules on drawdown limits. Examples include IC Funded's One Step and DNA Funded's Single Helix Challenge.

2

Two-Step Challenges

Two-step challenges involve an initial phase with a profit target, followed by a second step usually with a lower target. This model is the most common prop evaluation set up, offered by most prop firms including DNA Funded and BrightFunded.

3

Three-Step Challenges

Three-step evaluations are less common but offer a more gradual qualification process. You must pass multiple profit targets, often with increasing account sizes or risk limits. FXIFY and ThinkCapital both offer three-step challenges, but most firms don't.

4

Rapid Challenges

Rapid challenges allow you to qualify for funded accounts within a shorter timeframe, usually 7 to 10 days, with lower profit targets but higher entry fees. These are designed for experienced traders looking for a fast-track evaluation process. There's also even shorter-term challenges emerging, with Eightcap Challenges releasing a day trading challenge where you can trade in a one to eight hour window.

5

Instant Funding Programs

Instant funding accounts bypass the evaluation process completely, and are great for skilled traders wanting to start trading immediately. But in exchange for instant access, you are typically paying higher upfront fees, have stricter parameters, and sometimes receive lower profit splits. FXIFY and Blueberry Funded are considered the best instant funding prop firms.

Funded Accounts

What happens after you pass the challenge

After successfully completing a prop firm's challenge, you receive a funded account where you can trade using the firm's capital. However, not all funded accounts operate the same way. Some firms offer live market execution, but most still use simulated trading environments even at the funded trader stage.

Live Funded Trading

Your trades go directly into the real market, meaning spreads, slippage, and execution speeds reflect actual trading conditions. This is the gold standard for funded accounts.

Simulated Trading

The majority of prop firms keep you on simulated accounts even at the funded stage, meaning your trades do not impact the real market. Performance is tracked internally and payouts are based on results. This can lead to differences in execution, spreads, and slippage compared to live accounts.

Profit Splits

Most prop firms offer 70–90% profit splits, meaning you keep the majority of your earnings. Some firms, like BrightFunded, allow you to scale up to a 100% profit share over time. Payout structures vary, with some firms offering weekly withdrawals, while others require a minimum trading period before you can cash out.

FAQs

What is the most trusted prop firm?
The most trusted prop firms are names like DNA Funded, BrightFunded, FundedNext, and Blueberry Funded, all of which scored over 90/100 in our testing. DNA Funded offers low trading costs and flexible challenge options, BrightFunded is popular thanks to profit splits that scale up to 100% and the best loyalty program in the industry, while FundedNext and Blueberry Funded have some of the most generous scaling plans and product ranges.
Which prop firm actually pays?
Broker-backed firms like DNA Funded and FundedNext are the most reliable for profit payouts. Since they operate under regulated financial structures, you get to benefit from fast withdrawals, direct market execution, and transparent profit sharing. Unlike some independent firms, broker-backed prop firms have fewer payout issues, making them a safer choice if you want to get paid on time. FundedNext even provides a 24-hour payout guarantee, and if you don't receive your withdrawal in time you get $1,000 cash.
How much do you get paid at a prop firm?
Your earnings depend on the profit split, typically between 70–90%. If you make $10,000 with an 80% profit share in your favour, you take home $8,000. Many firms provide weekly or bi-weekly payouts, but some require a minimum trading period before withdrawals. If you are new to prop trading and want to learn more, we recommend reading our prop trading guide for beginners.
Do all prop firms offer forex trading?
No, not all prop firms offer forex trading. Some focus purely on futures, stocks, or crypto, depending on their structure and target market. Forex prop trading is common among broker-backed firms and many independent ones, but it's still important to check what instruments are actually supported before signing up, as few have crypto prop trading.

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