Resources
Prop Firm Reviews
Profiles of 20 proprietary trading firms — challenge rules, payouts, conditions and trust, arranged for funded-account traders. Not endorsements; verify current rules before you buy a challenge.
● Information arranged June 2026 — verify current terms before trading
⚠Important: Most prop firms are not licensed by financial regulators like brokers are. Treat the regulation score as a measure of legal transparency and operational trust, not FCA-style broker regulation. Rules and payout policies change often — verify the live terms before committing.
Highest-rated overall
Ranked by the overall score across trust, conditions, payouts and support.
1
FTMO · 9.3/10
Industry Leader — Most trusted brand, clean rules, no time pressure.
2
FundedNext · 8.8/10
Scaling Plans — Strong scaling, big presence, multiple models.
3
The5ers · 8.7/10
Long-Term Traders — Good for patient, disciplined traders.
4
Topstep · 8.6/10
Futures Traders — Very established futures prop brand.
5
Funding Pips · 8.5/10
Fast Growth — Modern platform mix, flexible payouts, competitive conditions.
All prop firms — full reviews
20 firms with challenge rules, payouts, conditions and caution flags where status or reputation needs checking.
FTMO
Industry Leader
9.3
Overall
Trust
9.5
Regulation
7.5
Conditions
9
Cost
8
Execution
9
Support
9
Challenge: 1-Step & 2-Step. Main 2-Step target 10%/5%. Daily drawdown 5%, max drawdown 10%, no time limit. Accounts up to $200k. MT4/MT5/cTrader/DXtrade by region.
Payouts: Profit split commonly up to 80–90%; classic, well-proven model.
Conditions: News trading allowed with restrictions on funded accounts; weekend holding varies; EAs allowed if not abusive; copy trading restricted.
Most trusted brand, clean rules, no time pressure.
Harder challenge, higher pricing, strict enforcement.
FundedNext
Scaling Plans
8.8
Overall
Trust
8.5
Regulation
7
Conditions
8.5
Cost
8.5
Execution
8.5
Support
8.5
Challenge: Stellar 2-Step: 8%/5%, daily loss 5%, max loss 10%, no time limit, up to 95% reward share, add-ons available.
Payouts: First withdrawal commonly from 21 days; advertises fast processing.
Conditions: News profit often restricted/adjusted; EAs allowed under conditions; max-risk rules apply.
Strong scaling, big presence, multiple models.
News-profit restrictions and extra risk rules can catch traders.
The Funded Trader
Aggressive Traders
6.7
Overall
Trust
5.5
Regulation
5
Conditions
7.5
Cost
8
Execution
7
Support
6
Challenge: Relaunched after a 2024 operational pause. Knight/Knight Pro-style challenges, up to $2.5m allocation, anytime payouts, up to 95% split.
Payouts: Historically controversial; paused operations March 2024 then restructured — verify payout reliability before committing.
Conditions: EAs often restricted; news trading depends on account type; weekend rules apply.
Attractive rules and large allocation.
Reputation risk after the 2024 pause.
High caution
Funding Pips
Fast Growth
8.5
Overall
Trust
8
Regulation
6.5
Conditions
8.8
Cost
8.5
Execution
8.5
Support
8
Challenge: 1-Step, 2-Step, Pro and other models. 1-Step target 10%, leverage up to 1:100, raw spreads from 0.0 pips. MT5, cTrader, Match-Trader.
Payouts: Flexible reward cycles: daily, weekly, bi-weekly, monthly/on-demand by model.
Conditions: News restricted on some accounts; check EA and copy-trading rules per model.
Modern platform mix, flexible payouts, competitive conditions.
Several models means rule complexity.
Apex Trader Funding
Futures Trading
8.2
Overall
Trust
8
Regulation
6.5
Conditions
7.8
Cost
8.5
Execution
8
Support
7.5
Challenge: Futures-only style. Trailing drawdown model, account-size-dependent max drawdown; supports multiple performance accounts.
Payouts: Up to weekly payouts, often 100% split, with eligibility and consistency checks.
Conditions: Futures platforms, strict trailing drawdown, no traditional forex spreads.
Popular futures option, strong payout upside.
Trailing drawdown can punish undisciplined traders.
Topstep
Futures Traders
8.6
Overall
Trust
9
Regulation
7
Conditions
8
Cost
8
Execution
8.5
Support
8.5
Challenge: Futures-focused 2-step Trading Combine. Max-loss limit trails in the Combine; funded rules vary by platform.
Payouts: Keep up to 90% of profits; payout policy changed for 2026 cohorts.
Conditions: Futures-focused evaluation and funded accounts.
Very established futures prop brand.
Payout caps/consistency rules may frustrate high earners.
Blue Guardian
Simplicity
8.1
Overall
Trust
7.8
Regulation
6.5
Conditions
8
Cost
8
Execution
8
Support
8
Challenge: CFD and futures models. Up to $400k, scaling to $4m, up to 90% split. Daily drawdown ~3%, max ~6% on some models.
Payouts: Weekly/bi-weekly. Futures: first $15k at 100%, then 90%, with eligibility rules.
Conditions: Drawdown rules can be tight on some models.
Simple branding, fast payouts.
Drawdown rules can be tight.
Alpha Capital Group
UK Traders
8.4
Overall
Trust
8.5
Regulation
7
Conditions
8.2
Cost
8
Execution
8
Support
8.5
Challenge: UK-based, up to $200k. 1-Step Alpha One target 10%, max trailing drawdown 6%, daily drawdown 4%. 1-step, pro and swing models.
Payouts: Up to 80% split.
Conditions: Some models include minimum trade duration / cooling rules.
UK presence, strong brand, simple product stack.
Trailing drawdown on Alpha One is unforgiving.
MyFundedFX
Forex Traders
5.5
Overall
Trust
4.5
Regulation
4.5
Conditions
7
Cost
7
Execution
6
Support
4.5
Challenge: Historically offered 1-Step/2-Step/3-Step models. Some reports state operations ceased in 2026.
Payouts: Legacy info suggested 80% splits and weekly-style payouts.
Conditions: Status risk — do not rely on without live verification.
Was popular with forex traders.
Operational status risk; verify before using.
High risk — verify
BrightFunded
Scaling Opportunities
8
Overall
Trust
7.8
Regulation
6.5
Conditions
8
Cost
8
Execution
8
Support
7.8
Challenge: 1-Step, 2-Step Bright, 2-Step Classic. Classic: 8%/5%, daily 5%, max 10%; Bright uses tighter static limits.
Payouts: Flexible depending on plan.
Conditions: Multiple drawdown models need careful reading.
Good plan variety.
Multiple drawdown models need explanation.
Funding Traders
Competitive Pricing
7.8
Overall
Trust
7.5
Regulation
6
Conditions
8
Cost
8.5
Execution
7.5
Support
7.5
Challenge: 1-Step, 2-Step and Instant models. Profit split 80–90% default, add-ons to 100%.
Payouts: 21-day default on several models; 14-day add-on; instant funded often 14 days.
Conditions: Verify rules per model.
Competitive pricing, useful add-ons.
Needs live rule verification per model.
E8 Markets
Advanced Dashboard
8.5
Overall
Trust
8.2
Regulation
6.8
Conditions
8.5
Cost
8
Execution
8.8
Support
8.2
Challenge: E8 Signature and E8 One. 1-step models; profit target ~6%, max drawdown 3–4%, up to $1m capital, up to 100% split.
Payouts: Minimum payout and consistency rules apply.
Conditions: Low drawdown buffer demands discipline.
Strong dashboard, modern platform support.
Low drawdown buffer.
Goat Funded Trader
Fast Payouts
8
Overall
Trust
7.5
Regulation
6
Conditions
8
Cost
8.5
Execution
8
Support
8
Challenge: Up to $2m simulated capital, 100% on-demand payout branding. Some models 3% daily / 6% max and 5 activity days.
Payouts: On-demand payouts and a 2-day payment guarantee.
Conditions: Tight drawdown; verify payout consistency.
Aggressive offer, fast payouts.
Tight drawdown; verify payout consistency.
Trade The Pool
Stock Traders
7.9
Overall
Trust
8
Regulation
6.5
Conditions
7.8
Cost
7.5
Execution
8
Support
8
Challenge: Stock-focused, often 1-step. Target ~6%, daily drawdown 3%, max drawdown 6%, no time limit.
Payouts: Day-trading split often 70%; swing models lower.
Conditions: Equities/stocks focus rather than forex.
Excellent if you trade equities/stocks.
Not a classic forex prop firm.
The5ers
Long-Term Traders
8.7
Overall
Trust
8.8
Regulation
7
Conditions
8.3
Cost
8
Execution
8.5
Support
8.7
Challenge: High Stakes 2-Step, Hyper Growth, Bootcamp. Profit split 50–100%, scaling up to $4m.
Payouts: Strong long-term scaling model.
Conditions: Better suited to patient, disciplined traders.
Good for patient, disciplined traders.
Not the easiest for aggressive scalpers.
City Traders Imperium
Coaching + Funding
8.3
Overall
Trust
8.2
Regulation
6.5
Conditions
8.5
Cost
7.8
Execution
8
Support
8.5
Challenge: 1-Step: 8% target, 5% max trailing drawdown, no daily drawdown, 3 profitable days. Scaling up to $4m.
Payouts: Up to 100% split.
Conditions: Education plus funding angle.
Education and funding combined.
More complex product positioning.
The Trading Pit
Multi-Asset
8
Overall
Trust
8
Regulation
6.8
Conditions
8
Cost
7.8
Execution
8
Support
8
Challenge: Futures and CFDs. Rules include profit target, daily drawdown, maximum drawdown and minimum trading days.
Payouts: CFDs: 80% split, 3 profitable days; futures rewards also 80% with conditions.
Conditions: Rules vary heavily by asset class.
Proper multi-asset fit.
Rules vary heavily by asset class.
FunderPro
One-Step Challenges
8.1
Overall
Trust
7.8
Regulation
6.5
Conditions
8.3
Cost
8
Execution
8
Support
8
Challenge: Pro-style challenge: target 10%, daily drawdown 5%, max drawdown 10%, balance-based.
Payouts: Profit split 60–80%, add-on to 90%.
Conditions: Balance-based drawdown is trader-friendly.
Balance-based drawdown is trader-friendly.
Add-ons may be needed for the best terms.
Maven Trading
New-Generation Firm
7.8
Overall
Trust
7.4
Regulation
6
Conditions
8
Cost
8.3
Execution
7.8
Support
7.5
Challenge: Instant, 1-Step, 2-Step, 3-Step. 1-Step target 8%, 2-Step 8%/5%, 3-Step 3% per phase. Scaling 25% after 10% over 4 months.
Payouts: Flat 80% split, instant-payout marketing.
Conditions: Younger brand.
Simple, modern, beginner-friendly.
Younger-brand risk.
SabioTrade
Beginner Friendly
7.7
Overall
Trust
7.3
Regulation
6
Conditions
7.8
Cost
7.8
Execution
7.5
Support
7.8
Challenge: One-step assessment. 10% profit target, 5% daily loss, 6% trailing max drawdown, leverage 1:30, no time limit.
Payouts: 80–90% profit payout, weekly framing.
Conditions: Weekend holding allowed, 40% consistency rule, 30-day inactivity limit.
Clear beginner-facing packages.
Trailing drawdown + consistency rule can be restrictive.