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Compare the best prop firms of 2026

A prop firm gives a trader access to a funded account after a paid evaluation: you pay an entry fee, respect risk rules (daily loss, maximum drawdown, profit target), and keep a share of the profits — usually most of them. This page compares every firm we track on the criteria that actually decide the outcome: entry price, number of evaluation phases, drawdown type, profit split, payout delay and available platforms.

Each firm carries an independent score out of 100 built on six weighted pillars, and every figure below comes from the firm's own website, dated on the day we checked it.

  • 36

    prop firms listed

  • 692

    challenges compared

  • data verified on

Illustration: prop firm podium topped by a growth curve 2 1 3
  • 1 FTMO
    FTMO Forex / CFD · Crypto · Stocks
    88
    Entry price
    €79
    Profit split
    90 %
    Max total drawdown
    3 % / 10 %
    First payout
    14 days
    View profile
  • 2 The5ers
    The5ers Forex / CFD · Futures
    86
    Entry price
    $39
    Profit split
    100 %
    Max total drawdown
    5 % / 10 %
    First payout
    14 days
    View profile
  • 3 FundedNext
    FundedNext Forex / CFD · Futures · Crypto
    85
    Entry price
    $59.99
    Profit split
    95 %
    Max total drawdown
    5 % / 10 %
    First payout
    5 days
    View profile
  • 4 City Traders Imperium
    City Traders Imperium Forex / CFD
    83
    Entry price
    $29
    Profit split
    100 %
    Max total drawdown
    — / 6 %
    First payout
    7 days
    View profile
  • 5 FundingPips
    FundingPips Forex / CFD · Crypto
    83
    Entry price
    $29
    Profit split
    100 %
    Max total drawdown
    3 % / 6 %
    First payout
    7 days
    View profile
  • 6 Bulenox
    Bulenox Futures
    81
    Entry price
    $145
    Profit split
    100 %
    Max total drawdown
    —
    First payout
    10 days
    View profile
  • 7 Alpha Capital Group
    Alpha Capital Group Forex / CFD
    80
    Entry price
    $27
    Profit split
    90 %
    Max total drawdown
    3 % / 4 %
    First payout
    —
    View profile
  • 8 Funded Trading Plus
    Funded Trading Plus Forex / CFD
    80
    Entry price
    $89
    Profit split
    100 %
    Max total drawdown
    4 % / 6 %
    First payout
    —
    View profile
  • 9 My Funded Futures 80
    Entry price
    —
    Profit split
    90 %
    Max total drawdown
    — / 4 %
    First payout
    1 days
    View profile
  • 10 TradeDay
    TradeDay Futures
    80
    Entry price
    $131
    Profit split
    90 %
    Max total drawdown
    —
    First payout
    0 days
    View profile

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  • FundedNext

    On the forex and CFD side, FundedNext runs just two routes: Stellar 1-Step (10% target, 6% max loss) and Stellar 2-Step (8% then 5%, 10% max loss). Both use static drawdown, carry no deadline and come with refundable fees. Pricing is on the high side, and the headline 95% split needs a paid option — the contractual base is 80%.

  • FundedNext Futures

    FundedNext's futures arm went live in April 2025 and runs entirely on one-step evaluations across Tradovate, NinjaTrader and TradingView. Five programs share the same trailing end-of-day drawdown, with no activation fee and pricing from 69.99 USD for a 50K Flex account. The trade-off: every position is closed out before 3:10 pm Chicago time.

  • FundingPips

    FundingPips lets you choose the withdrawal rhythm and prices the split accordingly: 60% weekly, 80% biweekly, 90% on demand, 100% on a monthly cycle. Its four evaluation models keep static drawdown, with only the instant-funding Zero account switching to trailing. Against that, a Striking System closes a funded account on the fourth warning.

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Frequently asked questions about prop firms

What is a prop firm and how does it work?
A proprietary trading firm sells a paid evaluation — the "challenge". You trade a demo account under risk rules: a profit target to reach, a maximum daily loss, and a maximum total drawdown. Pass, and the firm allocates you a funded account and pays you a share of the profits, typically 80 to 90 %. You never deposit trading capital: you only pay the evaluation fee, which is often refunded on your first withdrawal.
What is the difference between static and trailing drawdown?
Static drawdown is measured from your starting balance and never moves, which makes the limit easy to track. Trailing drawdown follows your gains upward — the loss threshold rises as the account grows. End-of-day trailing updates once a day on the closing balance; intraday trailing follows the highest point reached during the session, including unrealised gains. It is by far the rule that eliminates the most traders.
What does a prop firm challenge really cost?
The advertised price is only the starting point. The real cost includes resets after a failed attempt, activation fees when moving to a funded account, and for futures firms a monthly subscription plus market data fees. Our challenge cost calculator adds these up per firm so you see the cost to first payout rather than the headline price.
Are prop firms regulated?
Not as such. A prop firm does not hold client funds and does not execute live orders on behalf of third parties: it sells an evaluation service. It therefore falls outside FCA, CySEC or AMF investment-firm supervision. That is precisely why track record, payout history and corporate transparency weigh so heavily in our score.
How does your score out of 100 work?
It aggregates six weighted pillars: trust and track record (25 %), trading conditions (20 %), payouts (20 %), rules fairness (15 %), pricing and value (10 %), support and UX (10 %). Any firm under watch is capped at 59, and flagged firms receive no score at all. The full methodology is published, and commercial partnerships never influence the rating.
Can a prop firm refuse to pay?
It happens, and it is the main risk in this industry. The stated reason is almost always a rule breach: drawdown exceeded, trading during a restricted news release, copy trading across accounts, or an unauthorised expert advisor. Read the terms before paying, favour firms with a long and verifiable payout history, and be wary of vague rules or terms the firm can change unilaterally.
Which prop firm should a beginner choose?
Look for three things: static rather than trailing drawdown, no time limit to pass the phases, and a low entry price on a small account size. No consistency rule helps too, since it otherwise prevents you from making most of your profit on a single good day. Our beginner ranking applies exactly these filters.