FTMO
Prague, Czech Republic
- Profit split
- 90%
- Max allocation
- $2.0M
Top 35 Prop Trading Firms in 2027
Prop trading firms let you trade the firm's capital and keep most of the profit once you pass an evaluation. This directory compares 35 active firms by profit split, maximum allocation, evaluation model and platforms, with a full review of each one.
- 35 prop firms reviewed
- 2027 edition
- Live market data
The5ers
Ra'anana, Israel
- Profit split
- 100%
- Max allocation
- $4.0M
FundedNext
Ajman, United Arab Emirates
- Profit split
- 95%
- Max allocation
- $4.0M
FundingPips
Dubai, United Arab Emirates
- Profit split
- 100%
- Max allocation
- $2.0M
Prop firms compared35
Median profit split90%
Median top allocation$2M
Median years in business4
-
Rank01
FTMOTop 1
Prague, Czech RepublicSince 2015
FTMO is the benchmark of the modern prop industry, offering a two-step evaluation, reliable payouts and scaling up to $2 million.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $2.0M
- Markets
- Forex and CFDs
- Founded
- 2015
-
Rank02
The5ersTop 2
Ra'anana, IsraelSince 2016
The5ers is one of the longest-running prop firms, known for aggressive scaling to $4 million and several funding paths.
Profit split up to 100%- Profit split
- up to 100%
- Max allocation
- $4.0M
- Markets
- Forex and CFDs
- Founded
- 2016
-
Rank03
FundedNextTop 3
Ajman, United Arab EmiratesSince 2022
FundedNext is one of the largest prop firms by trader count, offering multiple challenge models and a profit share even during evaluation.
Profit split up to 95%- Profit split
- up to 95%
- Max allocation
- $4.0M
- Markets
- Forex, CFDs and futures
- Founded
- 2022
-
Rank04
FundingPips
Dubai, United Arab EmiratesSince 2022
FundingPips is a Dubai-based firm popular for low challenge fees and a profit split that rises with the payout cycle you choose.
Profit split up to 100%- Profit split
- up to 100%
- Max allocation
- $2.0M
- Markets
- Forex and CFDs
- Founded
- 2022
-
Rank05
Topstep
Chicago, United StatesSince 2012
Topstep is the original futures prop firm, funding traders through its Trading Combine since 2012.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $750,000
- Markets
- Futures
- Founded
- 2012
-
Rank06
Apex Trader Funding
Austin, Texas, United StatesSince 2021
Apex Trader Funding is one of the largest futures prop firms, allowing up to 20 accounts and paying 100% of the first $25,000.
Profit split up to 100%- Profit split
- up to 100%
- Max allocation
- $6.0M
- Markets
- Futures
- Founded
- 2021
-
Rank07
E8 Markets
Dallas, Texas, United StatesSince 2021
E8 Markets is a US-based firm that lets traders customise drawdown and profit split when they build their evaluation.
Profit split up to 100%- Profit split
- up to 100%
- Max allocation
- $1.0M
- Markets
- Forex, CFDs and futures
- Founded
- 2021
-
Rank08
Alpha Capital Group
London, United KingdomSince 2021
Alpha Capital Group is a London prop firm with a strong payout record and its own in-house trading technology.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $2.0M
- Markets
- Forex and CFDs
- Founded
- 2021
-
Rank09
Funded Trading Plus
London, United KingdomSince 2021
Funded Trading Plus is a UK firm known for simple rules, no time limits and instant-funding options.
Profit split up to 100%- Profit split
- up to 100%
- Max allocation
- $2.5M
- Markets
- Forex and CFDs
- Founded
- 2021
-
Rank10
Blue Guardian
Dubai, United Arab EmiratesSince 2021
Blue Guardian offers trader-friendly rules such as its Guardian Shield drawdown protection and has expanded into futures.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $2.0M
- Markets
- Forex, CFDs and futures
- Founded
- 2021
-
Rank11
Goat Funded Trader
Hong KongSince 2022
Goat Funded Trader is a fast-growing firm with a wide menu of challenge types and on-demand payout options.
Profit split up to 100%- Profit split
- up to 100%
- Max allocation
- $2.0M
- Markets
- Forex and CFDs
- Founded
- 2022
-
Rank12
Maven Trading
London, United KingdomSince 2022
Maven Trading stands out for some of the cheapest challenge fees in the industry and a straightforward rulebook.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $1.0M
- Markets
- Forex and CFDs
- Founded
- 2022
-
Rank13
FXIFY
London, United KingdomSince 2023
FXIFY is a broker-backed prop firm linked to FXPIG, offering first payout on demand and broad platform choice.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $4.0M
- Markets
- Forex, CFDs and futures
- Founded
- 2023
-
Rank14
City Traders Imperium
London, United KingdomSince 2018
City Traders Imperium is a London firm built around trader development, relaxed time limits and long-term scaling.
Profit split up to 100%- Profit split
- up to 100%
- Max allocation
- $4.0M
- Markets
- Forex and CFDs
- Founded
- 2018
-
Rank15
Audacity Capital
London, United KingdomSince 2012
Audacity Capital is one of the oldest retail prop firms, operating from a physical trading floor in the City of London.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $2.0M
- Markets
- Forex and CFDs
- Founded
- 2012
-
Rank16
Instant Funding
London, United KingdomSince 2021
Instant Funding specialises in accounts with no evaluation phase, letting traders earn from the first day.
Profit split up to 95%- Profit split
- up to 95%
- Max allocation
- $1.3M
- Markets
- Forex and CFDs
- Founded
- 2021
-
Rank17
Hola Prime
Hong KongSince 2024
Hola Prime is a newer firm that built its brand on one-hour payouts and transparency reports.
Profit split up to 95%- Profit split
- up to 95%
- Max allocation
- $4.0M
- Markets
- Forex, CFDs and futures
- Founded
- 2024
-
Rank18
Fintokei
Prague, Czech RepublicSince 2023
Fintokei is a European prop firm with broker roots and a strong following in Japan and Central Europe.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $4.0M
- Markets
- Forex and CFDs
- Founded
- 2023
-
Rank19
The Trading Pit
Vaduz, LiechtensteinSince 2022
The Trading Pit is a multi-asset firm from Liechtenstein offering both CFD and exchange-traded futures challenges.
Profit split up to 80%- Profit split
- up to 80%
- Max allocation
- $5.0M
- Markets
- Forex, CFDs and futures
- Founded
- 2022
-
Rank20
For Traders
Dubai, United Arab EmiratesSince 2023
For Traders lets clients customise challenge rules and bundles education with every evaluation account.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $1.5M
- Markets
- Forex and CFDs
- Founded
- 2023
-
Rank21
Blueberry Funded
Sydney, AustraliaSince 2024
Blueberry Funded is the prop arm of ASIC-regulated broker Blueberry, bringing broker-grade execution to funded accounts.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $2.0M
- Markets
- Forex and CFDs
- Founded
- 2024
-
Rank22
ThinkCapital
London, United KingdomSince 2024
ThinkCapital is the prop firm backed by broker ThinkMarkets, running challenges on the ThinkTrader platform with TradingView charts.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $1.5M
- Markets
- Forex and CFDs
- Founded
- 2024
-
Rank23
BrightFunded
NetherlandsSince 2023
BrightFunded is a Dutch firm with a loyalty programme that rewards trading activity and a scaling plan with no fixed cap.
Profit split up to 100%- Profit split
- up to 100%
- Max allocation
- –
- Markets
- Forex, CFDs and crypto
- Founded
- 2023
-
Rank24
Lark Funding
CanadaSince 2022
Lark Funding is a Canadian prop firm offering flexible evaluations and payouts on demand.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $1.0M
- Markets
- Forex and CFDs
- Founded
- 2022
-
Rank25
Finotive Funding
Budapest, HungarySince 2021
Finotive Funding is a Hungarian firm providing several funding models, including instant accounts with aggressive scaling.
Profit split up to 95%- Profit split
- up to 95%
- Max allocation
- $3.2M
- Markets
- Forex and CFDs
- Founded
- 2021
-
Rank26
FTUK
London, United KingdomSince 2021
FTUK focuses on instant funding and a rapid scaling ladder that can lift accounts into the millions.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $6.4M
- Markets
- Forex and CFDs
- Founded
- 2021
-
Rank27
PipFarm
SingaporeSince 2023
PipFarm is a Singapore firm with an XP-based rewards system that upgrades profit split and drawdown as traders progress.
Profit split up to 99%- Profit split
- up to 99%
- Max allocation
- $1.5M
- Markets
- Forex and CFDs
- Founded
- 2023
-
Rank28
AquaFunded
Dubai, United Arab EmiratesSince 2023
AquaFunded is a Dubai-based firm offering low entry fees, no time limits and a high maximum profit split.
Profit split up to 95%- Profit split
- up to 95%
- Max allocation
- $4.0M
- Markets
- Forex and CFDs
- Founded
- 2023
-
Rank29
QT Funded
Dubai, United Arab EmiratesSince 2023
QT Funded, by Quant Tekel, is a technology-led firm that built its own dashboard and risk engine for funded traders.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $2.0M
- Markets
- Forex and CFDs
- Founded
- 2023
-
Rank30
Take Profit Trader
Orlando, Florida, United StatesSince 2021
Take Profit Trader is a futures firm that allows withdrawals from the first day on a funded PRO account.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $750,000
- Markets
- Futures
- Founded
- 2021
-
Rank31
My Funded Futures
United StatesSince 2023
My Funded Futures grew quickly by offering simple one-step futures evaluations with no daily loss limit on some plans.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $600,000
- Markets
- Futures
- Founded
- 2023
-
Rank32
Tradeify
United StatesSince 2024
Tradeify is a futures prop firm offering both evaluations and instant-funded accounts with daily payout options.
Profit split up to 100%- Profit split
- up to 100%
- Max allocation
- $750,000
- Markets
- Futures
- Founded
- 2024
-
Rank33
Earn2Trade
Sheridan, Wyoming, United StatesSince 2016
Earn2Trade is an education-focused futures firm whose Trader Career Path scales successful candidates step by step.
Profit split up to 80%- Profit split
- up to 80%
- Max allocation
- $400,000
- Markets
- Futures
- Founded
- 2016
-
Rank34
TradeDay
Chicago, United StatesSince 2020
TradeDay is a Chicago futures firm founded by industry veterans, with payouts available from the first day of funding.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $750,000
- Markets
- Futures
- Founded
- 2020
-
Rank35
Breakout
United StatesSince 2023
Breakout is a crypto-only prop firm acquired by Kraken in 2025, funding traders on Bitcoin, Ethereum and altcoin perpetuals.
Profit split up to 90%- Profit split
- up to 90%
- Max allocation
- $200,000
- Markets
- Crypto
- Founded
- 2023
Showing all 35
How to choose a prop trading firm in 2027
Proprietary trading firms, usually called prop firms, offer traders access to a funded account in exchange for passing a paid evaluation. If you succeed, you keep most of the profit you generate and the firm keeps the rest. For traders with skill but limited capital, the appeal is obvious. The industry has grown from a handful of firms to several hundred in a few years, and it has seen many closures along the way. This guide explains how the model works and how to compare the 35 firms listed above.
How the funded-trader model works
Most firms follow the same basic steps.
- Buy a challenge. You pay a one-off fee, or a monthly subscription at futures firms, for an evaluation account of a chosen size.
- Pass the evaluation. You must reach a profit target without breaking the loss limits. Evaluations come in one, two or three phases.
- Trade a funded account. After passing, you trade under similar rules and can request payouts of your share of the profit.
- Scale up. Consistent traders can have their account size and profit share increased over time.
One point is often misunderstood. At nearly all retail prop firms, both evaluation and funded accounts are simulated. You trade on a demo environment, and the firm pays you from its own funds according to your results. Some firms copy the trades of their best performers to live markets, and a few move successful traders to real capital. This structure is why prop challenges are generally not regulated as investment products.
The rules that decide whether you pass
Headline numbers such as account size and profit split get the attention. The risk rules determine your chances.
- Profit target. Commonly 8% to 10% in the first phase and 5% in the second. Lower targets are easier to reach but usually come with tighter drawdown.
- Daily loss limit. Typically 3% to 5% of the account. Check whether it is based on balance or equity, and when the day resets.
- Maximum drawdown. The total loss allowed, often 8% to 10%. This is the most important rule to understand, because it comes in three forms.
A static drawdown is fixed relative to the starting balance and never moves. A trailing drawdown follows your highest balance upward, so giving back profits brings you closer to the limit. An end-of-day trailing drawdown updates only on closing balances, which is more forgiving than one that follows unrealised intraday profit. A cheap challenge with an intraday trailing drawdown is often harder than a more expensive one with a static limit.
Other conditions to check
- Time limits and minimum days. Most leading firms no longer impose a deadline. Many still require a minimum number of trading days.
- Consistency rules. Some firms limit how much of your profit can come from a single day. These rules are common on futures and instant-funding accounts and can delay payouts.
- News trading. Often allowed in the evaluation and restricted on funded accounts around major releases.
- Weekend and overnight holding. Permitted at many CFD firms, usually prohibited at futures firms.
- Expert advisors and copy trading. Allowed with conditions at most firms. Strategies that exploit the simulated environment are banned everywhere.
Read the full rulebook for the exact programme you intend to buy. Many denied payouts trace back to a rule the trader did not know about.
Profit split and payouts
A standard profit share is 80% to the trader. Many firms advertise 90% to 100%, usually through scaling, add-ons or longer payout cycles. A higher split is welcome, but it is worth nothing if the firm does not pay.
Look at how payouts work in practice: the waiting period before the first withdrawal, the frequency afterwards, the processing time, and any caps or buffers. Independent review platforms that track verified payouts give a better picture than a firm's own marketing figures, which are often higher than third-party data can confirm.
Fees and what they really cost
Challenge fees for a $100,000 account commonly fall between $400 and $600 at CFD firms, with budget firms charging less. Many firms refund the fee with an early payout. Futures firms typically charge monthly, and some add an activation fee after you pass.
Remember that most attempts fail. Published industry data and firm transparency reports suggest that only a small minority of evaluations are passed, and fewer still lead to a payout. Budget for more than one attempt, and treat the fee as money at risk.
One-step, two-step, three-step or instant?
- Two-step challenges are the standard, with balanced targets and drawdown.
- One-step challenges are faster but usually have a tighter or trailing drawdown.
- Three-step challenges cost less and use smaller targets over a longer path.
- Instant funding skips the evaluation in exchange for a higher price, a smaller drawdown and often a lower starting split. It suits experienced traders with steady results.
CFD firms and futures firms
The firms on this page fall into two main groups. CFD-based firms offer forex, indices, metals and crypto on platforms such as MetaTrader 5, cTrader, Match-Trader and TradeLocker. Futures firms offer exchange-listed contracts through platforms such as Tradovate, NinjaTrader and Rithmic. Futures firms tend to use subscriptions, trailing drawdowns and consistency rules, and they are generally available to US residents, who face restrictions with many CFD firms. One firm on the list focuses entirely on crypto.
Judging whether a firm is reliable
The prop sector is lightly regulated, and firms can close with little notice. In recent years dozens have shut down after losing platform access, running short of cash or facing regulatory action. No one can guarantee a firm's future, but these factors lower the risk.
- Years in operation. A firm that has paid traders through several market cycles has proved its model.
- Broker backing or ownership. Firms tied to regulated brokers have their own infrastructure and a reputation to protect.
- Transparent leadership. Named founders and a real corporate address are positive signs.
- Stable rules. Frequent, sudden rule changes often signal financial pressure.
- Verified payout history. Look for consistent third-party evidence over time.
How we order this list
Our ranking places the most weight on track record and payout reliability, then on the fairness of trading rules, cost, platform choice and scaling potential. Profit split and maximum allocation in the table are the highest advertised figures, which are normally reached only through scaling or add-ons. Prop firms change their terms often, so check the current rules on the firm's own site before you buy.
Practical advice before you start
- Choose a firm whose drawdown type suits your strategy.
- Start with a smaller account than you think you need.
- Risk a small, fixed percentage per trade, well inside the daily limit.
- Do not change your method to chase the target quickly.
- Take payouts regularly once funded.
- Spread your exposure across more than one firm if you trade at scale.
A prop firm does not make an unprofitable trader profitable. It gives a consistent trader more capital to work with. Use the comparison above to find firms that fit your style, read the individual reviews, and only pay a fee you can afford to lose.
Live market chart with RSI and MACD
Daily chart from TradingView. An RSI above 70 is conventionally read as overbought and below 30 as oversold. Indicators describe past prices and are not a forecast.
Live forex and crypto markets
Prices are provided by TradingView and may be delayed. They are shown for information only.
Risk warning: Trading forex, CFDs, futures and crypto-assets carries a high risk of losing money and is not suitable for everyone. The information on this page is educational, is not investment advice, and can change without notice. Always confirm fees, rules and regulation on the provider's official website before opening an account. Crypto exchange volume data by CoinGecko. Charts by TradingView.