EST. 2026 · A Japan & Global Editorial

Honest, source-cited reviews of the world’s prop trading firms.

More than 80 prop firms closed between 2024 and 2026. We publish neutral, source-cited data on the survivors — their terms, payout track records, and the risks — so you can compare them side by side. No hype, no hidden agenda, no certainty we don't have.

See the ranking Essential reads

Short answer: start with these 3

If unsure, start hereFTMO#1 overall · ★ 4.7
Running since 2015. A free trial lets you test the rules before paying, and the 2-Step fee is refunded with your first reward. Official sale: $100K 1-Step €499 → €399 (checked 2026-10-14).
Visit FTMO official site Review →
For futuresTradeDay#2 overall · ★ 4.2
Chicago-based, CME futures only. The first firm to compare against Topstep and Apex.
Visit TradeDay official site Review →
For a small budgetFinTokei#21 overall · ★ 3.0
Entry from $44 on the USD site (as of 2026-07-31). Younger firm (since 2023), so a shorter track record than FTMO.
Visit Fintokei official site Review →

Ranks are based on years in business, payout record and regulatory standing, not commission (methodology). These 3 are our affiliate partners; we may earn a fee if you sign up through the links.

See the full ranking of 31 firms →

EDITORS' SELECTION

Featured prop firms

Selected by operating years, payout track record, and regulatory standing. Reflects the most recent review.

Trust: High

FTMO

Czech Republic (Prague) · ★ 4.7

Profit split: 2-Step 80% (90% via Scaling Plan or Premium Programme); 1-Step 90%
Max funding: Up to $400,000 across 1-Step and 2-Step combined ($2,000,000 with scaling)
Challenge fee: 2-Step €89–€1,080; 1-Step €79–€999 (FTMO quotes fees in EUR). Official sale as of 2026-09-23 — $100K 1-Step €499→€399 (20% off), $100K 2-Step €540→€439

Trust: High

TradeDay

United States (Chicago) · ★ 4.2

Profit split: Tiered (50/50 in the buffer zone, 80/20 above $4,000, 90/10 once funded live)
Max funding: Up to $150,000 (funded account)
Challenge fee: From about $62.5 / month (with discount applied; 50K Intraday Quick Pay example)

Trust: High

Topstep

United States (Chicago) · ★ 4.0

Profit split: 90/10 (accounts predating Jan 12, 2026 keep 100% of first $10,000)
Max funding: Up to $150,000 (Funded Account)
Challenge fee: $49 – $149 / month (subscription)

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2026 PILLAR READING LIST

Read before you choose — Essential 16

Over 80 firms shut down between 2024–2026. Sixteen source-cited guides in five parts cover where the industry stands now, how to read the rules, why most evaluations fail, the real cost, and corporate transparency.

Part 1 · Context

Where the industry stands and where regulation is heading

What happened in 2024–2026 and what is changing now.

Part 2 · How it works

Drawdown, funded accounts, futures vs forex

Three reads that turn the numbers in firm terms into practical knowledge.

Part 3 · Decision

Shortlist in 30 minutes, read the terms right

Shortlisting, retroactive rule changes, reading Trustpilot, and more.

Part 4 · Risk and reality

Failure patterns, psychology, pass rates, true cost

What actually happens during an evaluation, and what it really costs.