Best Prop Firms in 2026

FTMO is the most recognisable name in prop trading and has been operating since 2015. Their two-phase evaluation model is among the most structured in the industry, and their payout track record is well-documented by traders worldwide. If you trade forex, indices, or commodities, FTMO remains the default benchmark to compare others against.

• Drawdown: 10% static max drawdown, 5% daily loss limit
• Profit target: 10% phase 1, 5% phase 2
• Profit split: 80% (scalable to 90% over time)
• Min trading days: 4 per phase
• News trading: Restricted — no trading 2 minutes either side of high-impact news
• Overnight holding: Allowed
• Account sizes: $10K, $25K, $50K, $100K, $200K

Best for: Forex & indices traders who want a structured, proven program. Use our drawdown calculator to map out your risk buffer before starting.

Apex is the leading futures prop firm, offering a simple one-phase evaluation with an EOD (end-of-day) trailing drawdown structure. Unlike forex firms, there is no daily loss limit beyond the trailing drawdown — and crucially, Apex lets traders keep 100% of their first $25,000 in profits per account. Consistency rules apply on payouts (no single day can exceed 50% of a payout), but the overall flexibility makes Apex popular with CME futures traders.

• Drawdown: 4% EOD trailing, 2% daily loss
• Profit target: 6% of account size
• Profit split: 100% (first $25K per account)
• Min trading days: None
• News trading: Allowed (futures markets)
• Overnight holding: Allowed on most contracts
• Account sizes: $25K, $50K, $100K, $150K

Best for: Futures traders seeking generous payouts and flexible conditions. See how the trailing drawdown works with our drawdown tracker.

TopStep pioneered the futures prop firm model and remains well-regarded for its straightforward rules and long operating history. Their intraday trailing drawdown is stricter than Apex's EOD structure, but they offer a 90% profit split and a clear evaluation process. Note that EOD flat rules apply — all positions must be closed before the market session ends.

• Drawdown: 6% intraday trailing, 2% daily loss
• Profit target: 6%
• Profit split: 90%
• Min trading days: None
• News trading: Allowed (futures)
• Overnight/EOD: Must close before session end — no overnight
• Account sizes: $50K, $100K, $150K

Best for: Futures beginners who want a reputable, well-known platform. Check how much buffer you have with our max daily loss calculator.

The Funded Trader (TFT) offers a range of account sizes up to $200K with a standard two-phase forex evaluation. They have received mixed reviews historically — including a period of paused payouts in 2023 — but have since worked to rebuild trust. If you consider TFT, research their current payout reputation carefully.

• Drawdown: 10% static, 5% daily
• Profit target: 10%
• Profit split: 80%
• Min trading days: 5
• News trading: Restricted
• Account sizes: $5K, $10K, $25K, $50K, $100K, $200K

Best for: Forex traders who want larger account sizes.

MyFundedFutures (MFF) is a futures-focused firm with an EOD trailing drawdown and a 90% profit split. Notably, they have no consistency rule — a meaningful advantage for traders who might have one outsized winning day during evaluation. EOD flat rules apply so all positions must be closed before session end.

• Drawdown: 4% EOD trailing, 2% daily
• Profit split: 90%
• Consistency rule: None
• Account sizes: $50K, $100K, $150K, $250K

Best for: Futures traders who want no consistency rule constraints.

E8 Funding differentiates itself with a slightly more lenient 8% max drawdown (vs the standard 10% on many forex firms) and a lower 4% daily loss limit. For disciplined traders who want a slightly tighter risk framework, this can be an advantage — smaller targets on both sides means the evaluation is more proportional. They have no consistency rule on funded accounts.

• Drawdown: 8% static, 4% daily
• Profit target: 8%
• Profit split: 80%
• Consistency rule: None
• Account sizes: $25K, $50K, $100K, $250K

Best for: Forex traders who prefer a lower 8% drawdown challenge. Use our challenge calculator to plan your path through both phases.

Funding Pips is a newer entrant offering both forex and futures markets in a single 1-phase evaluation. News trading is allowed, there is no consistency rule, and their 8% profit target with 85% split is competitive. As a newer firm their long-term payout reliability is less proven, but they have attracted positive early reviews.

• Markets: Forex and Futures
• Drawdown: 8% static, 4% daily
• Profit target: 8%
• Profit split: 85%
• Min trading days: 3
• Account sizes: $5K, $10K, $25K, $50K, $100K

Best for: Traders who want 1-phase evaluations with news trading allowed.

True Forex Funds offers a standard 2-phase forex evaluation with account sizes ranging from $20K to $200K. Their rules mirror FTMO closely — 10% max drawdown, 5% daily, 10% target — though they lack FTMO's brand recognition and verified long-term payout history. No consistency rule is a plus.

• Drawdown: 10% static, 5% daily
• Profit split: 80%
• Consistency rule: None
• Account sizes: $20K, $40K, $60K, $80K, $100K, $200K

Best for: Forex traders seeking a range of mid-tier account sizes.