FINEX · PROP TRADING

Prop trading firms: rules, fees and terms

Compare prop firms by challenge fees, loss limits, trading rules and payout terms. Conditions may vary by program and country.

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A few profiles to start with

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FTMO

Forex / CFD

TRUSTPILOT × 2

Key detailFTMO Challenge 2-Step — $25,000

Watch forExisting €250 figure not re-confirmed on the current live pricing page in this check; verify selected size and final checkout before paying. Simulated commissions vary by symbol; exact rate available in platform specifications

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Details & sources

Customer score · converted to /10

Selected program: FTMO Challenge 2-Step — $25,000Source: ftmo.com ↗
Program fee: Existing €250 figure not re-confirmed on the current live pricing page in this check; verify selected size and final checkout before paying.Limited source coverage — see scopeSource: ftmo.com ↗
Maximum daily loss: Daily equity floor = midnight balance minus 5% of initial capital; includes floating P/L, swaps and commissions. Resets 00:00 CE(S)T.Source: ftmo.com ↗
Maximum drawdown / loss: Static equity floor at 90% of initial simulated capital; not a trailing drawdown for 2-Step.Source: ftmo.com ↗
Reward payout conditions: Request from day 14 after first trade, with all positions and pending orders closed; review and approval required.Source: ftmo.com ↗

The5ers

Forex / CFD

TRUSTPILOT × 2

Key detailNamed High Stakes page: two phases, New targets 10%/5%, 3 profitable days per phase, MT5 Hedge; not generic trading days.

Watch forGeneric 2-Step page advertises $100k New $149 / Classic $179 but other risk terms conflict with High Stakes; exact High Stakes fee requires checkout confirmation.

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Details & sources

Customer score · converted to /10

Selected program: Named High Stakes page: two phases, New targets 10%/5%, 3 profitable days per phase, MT5 Hedge; not generic trading days.Source: the5ers.com ↗
Program fee: Generic 2-Step page advertises $100k New $149 / Classic $179 but other risk terms conflict with High Stakes; exact High Stakes fee requires checkout confirmation.Published terms differSource: the5ers.com ↗
Maximum daily loss: Named High Stakes FAQ says 5% of the higher prior-day closing balance/equity at 00:00 server time. Generic 2-Step FAQ instead says 3%; confirm the purchased contract version.Published terms differSource: the5ers.com ↗
Maximum drawdown / loss: High Stakes maximum loss is 10% of initial balance, an absolute/static drawdown.Source: the5ers.com ↗
Reward payout conditions: General withdrawal FAQ: first request 14 days after funded activation; then every 2 weeks from last approved withdrawal; scaling restarts the timer. Close all trades first.Source: the5ers.com ↗

FundedNext

Forex / CFD

TRUSTPILOT × 2

Key detailTargets 8%/5%; five trading days per phase; no time limit; max total loss 10% of initial capital.

Watch forOfficial help lists approximate $25k price $199.99; promotions and add-ons vary.

Unavailable to Vietnam residents or citizens.

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Details & sources

Not available to Vietnam residents or citizens under the CFD Terms §5.3 checked on 17 October 2026. This is an information profile, not a registration recommendation.

Customer score · converted to /10

Selected program: Targets 8%/5%; five trading days per phase; no time limit; max total loss 10% of initial capital.Source: help.fundednext.com ↗
Program fee: Official help lists approximate $25k price $199.99; promotions and add-ons vary. Confirm final checkout price.Limited source coverage — see scopeSource: help.fundednext.com ↗
Maximum daily loss: 5% of initial balance; includes closed/floating results, swaps, commission and fees. Resets 00:00 server time (GMT+3 DST, GMT+2 otherwise).Source: help.fundednext.com ↗
Maximum drawdown / loss: 10%; balance/equity must stay above 90% of initial balanceSource: help.fundednext.com ↗
Reward payout conditions: Standard option: first cycle 21 days, then 14 days; 80% reward share, 90% after eligible scale-up. Other checkout payout options have different conditions and shares.Source: help.fundednext.com ↗

Browse researched Forex profiles16 profiles

FundingPips

Forex / CFD

TRUSTPILOT × 2

StrengthStandard indices and energies have no commission.

Watch forChallenge price is unconfirmed; $5/lot forex/metals commission does not specify per-side versus round-trip charging.

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Details & sources

Customer score · converted to /10

Selected program: 2 Step Standard — default 5% daily-loss configurationSource: help.fundingpips.com ↗
Maximum daily loss: 5% of higher opening balance/equity; 3% optional add-onSource: help.fundingpips.com ↗
Maximum drawdown / loss: 10% static; balance/equity cannot touch the floorSource: help.fundingpips.com ↗
Reward payout conditions: Minimum reward request: 1% of account size before splitSource: help.fundingpips.com ↗

E8 Markets

Forex / CFD

FINEX EDITORIAL

StrengthSelected configuration costs $488 once, without activation or subscription fees.

Watch forRaw/no-commission choice affects costs; exact Raw rates require symbol specifications.

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Details & sources

FINEX editorial rating

Selected program: E8 One — $100K, 6% dynamic drawdown, 80% splitSource: e8markets.com ↗
Program fee: $488 one-time for preset $100K/6% drawdown/80% split; no activation or subscriptionSource: help.e8markets.com ↗
Maximum daily loss: 4% for this configurationSource: e8markets.com ↗
Maximum drawdown / loss: 6% dynamic drawdown trailing closed profitsSource: e8markets.com ↗
Reward payout conditions: 3-day eligibility; 40% best-day rule; net payout must exceed 50% of daily drawdownSource: help.e8markets.com ↗

Alpha Capital Group

Forex / CFD

Community score unavailable

StrengthStandard pricing has no commission; indices are commission-free.

Watch forRaw costs $5/lot round trip; account size and entry price remain unspecified.

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Details & sources

Community score unavailable

Selected program: Alpha Pro 8%Source: help.alphacapitalgroup.uk ↗
Maximum daily loss: 4%, balance-basedSource: help.alphacapitalgroup.uk ↗
Maximum drawdown / loss: 8% staticSource: help.alphacapitalgroup.uk ↗
Reward payout conditions: Biweekly: 14 days, $100 gross profit, 5 trading days for the first request. On-demand: 2% gross profit, 40% best-day ruleSource: alphacapitalgroup.uk ↗

FXIFY

Forex / CFD

TRUSTPILOT × 2

Strength80% default share; an optional add-on offers 90%.

Watch forRaw forex/metals/index CFDs cost $6/lot round trip; entry price and account size are not fixed.

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Details & sources

Customer score · converted to /10

Selected program: 2-Phase StandardSource: intercom.help ↗
Maximum daily loss: 4% based on previous end-of-day balanceSource: intercom.help ↗
Maximum drawdown / loss: 10% trailing from high-water mark; locks at initial balance on payoutSource: intercom.help ↗
Reward payout conditions: 30-day default cycle; on-demand minimum $50; biweekly add-onSource: intercom.help ↗

Blue Guardian

Forex / CFD

Community score unavailable

StrengthIndices and crypto have no published commission.

Watch forFX/commodities $5/lot charging basis and challenge price need confirmation; payout processing costs 3%.

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Details & sources

Community score unavailable

Selected program: 2 Step StandardSource: help.blueguardian.com ↗
Maximum daily loss: 4% initial balance subtracted from higher balance/equity at 5pm EST resetSource: help.blueguardian.com ↗
Maximum drawdown / loss: 8% staticSource: help.blueguardian.com ↗
Reward payout conditions: 14 days from first trade/previous request; flat account, no violations; $100 crypto/$500 Rise; 3% processing feeSource: help.blueguardian.com ↗

Topstep

Futures

TRUSTPILOT × 2

Strength$49 monthly entry spreads the initial evaluation expense.

Watch forMonthly charges accumulate until passing/cancellation; $149 activation, commissions and possible taxes add to total cost.

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Details & sources

Customer score · converted to /10

Selected program: Trading Combine — $50K; XFA StandardSource: help.topstep.com ↗
Program fee: Standard $50K: $49/month plus $149 XFA activation; taxes may applySource: help.topstep.com ↗
Maximum daily loss: Optional checkout DLL: $1,000 for $50KSource: help.topstep.com ↗
Maximum drawdown / loss: $2,000; trails end-of-day balance and locks at starting balanceSource: help.topstep.com ↗
Reward payout conditions: XFA Standard: 5 winning days of $150+; up to 50% balance, standard $2,000 capSource: help.topstep.com ↗

Apex Trader Funding

Futures

TRUSTPILOT × 2

StrengthOne-time evaluation purchase provides 30-day access.

Watch forExact EOD $50K entry and PA activation amounts remain unconfirmed; trading commissions also apply.

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Details & sources

Customer score · converted to /10

Selected program: EOD Evaluation — $50K (non-legacy)Source: apextraderfunding.com ↗
Program fee: One-time evaluation grants 30 days; exact EOD $50K and PA activation prices unconfirmed.Limited source coverage — see scopeSource: apextraderfunding.com ↗
Maximum daily loss: $1,000; hitting DLL pauses trading for sessionSource: apextraderfunding.com ↗
Maximum drawdown / loss: $2,000 EOD trailing; enforced intradaySource: apextraderfunding.com ↗
Reward payout conditions: 5 days at $250+ each; $52,600 minimum balance; 50% consistency; maximum 6 payoutsSource: apextraderfunding.com ↗

MyFundedFutures

Futures

TRUSTPILOT × 2

StrengthNo activation fee for the selected Rapid program.

Watch forIntraday variant entry price remains unconfirmed; ES/NQ round-trip commission is $4.68 per contract.

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Details & sources

Customer score · converted to /10

Selected program: Rapid $50K — Intraday Drawdown variantSource: help.myfundedfutures.com ↗
Program fee: No activation fee; evaluation price for this Intraday variant unconfirmed.Limited source coverage — see scopeSource: help.myfundedfutures.com ↗
Maximum daily loss: None in evaluationSource: help.myfundedfutures.com ↗
Maximum drawdown / loss: Evaluation $2,000 EOD; sim funded $2,000 intraday equity trailingSource: help.myfundedfutures.com ↗
Reward payout conditions: Every 24 hours; $2,100 buffer; $500 minimum requestSource: help.myfundedfutures.com ↗

Take Profit Trader

Futures

TRUSTPILOT × 2

StrengthPRO permits day-one eligibility once the buffer is met.

Watch for$170 monthly list price and $130 activation require current checkout confirmation; Test/PRO commissions add trading costs.

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Details & sources

Customer score · converted to /10

Selected program: Test $50K → PROSource: takeprofittrader.com ↗
Program fee: $50K Test: $170/month list price; standard PRO activation $130, promotions varyLimited source coverage — see scopeSource: takeprofittrader.com ↗
Maximum daily loss: None: Test, PRO, PRO+Source: takeprofittrader.com ↗
Maximum drawdown / loss: $2,000; stage-specific trailing basis must be checkedLimited source coverage — see scopeSource: takeprofittrader.com ↗
Reward payout conditions: PRO $50K: eligible from day one after reaching $52,000 buffer balance; trader keeps 80%.Source: takeprofittraderhelp.zendesk.com ↗

Tradeify

Futures

TRUSTPILOT × 2

Strength$165 once, without activation or recurring subscription fees.

Watch forOptional reset costs $109; ES/NQ round trips cost $5.76 per contract.

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Details & sources

Customer score · converted to /10

Selected program: Select $50K → Flex, purchased after 2026-09-01Source: help.tradeify.co ↗
Program fee: Select $50K standard 40% consistency: $165 once; reset $109; no activation fee.Source: help.tradeify.co ↗
Maximum daily loss: None during evaluation; none on FlexSource: help.tradeify.co ↗
Maximum drawdown / loss: $2,000 EOD trailing on FlexSource: help.tradeify.co ↗
Reward payout conditions: Flex: 5 winning days of $150+; 50% of profits up to $2,500 per requestSource: help.tradeify.co ↗

Phidias

Futures

Community score unavailable

Key detailFutures evaluation with Fundamental, Premium and Express to Live routes.

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Details & sources

Community score unavailable

Selected program: Futures evaluation with Fundamental, Premium and Express to Live routes.Source: phidiaspropfirm.com ↗

Blueberry Funded

Forex / CFD

Community score unavailable

Key detailPrime is a separate two-phase programme; Legacy 2-Step stopped new sales on 17 August 2026.

Read review →

Details & sources

Community score unavailable

Selected program: Prime is a separate two-phase programme; Legacy 2-Step stopped new sales on 17 August 2026.Source: help.blueberryfunded.com ↗
Reward payout conditions: Prime: 80% split, default 14-day rewards; qualifying days depend on purchase date.Source: help.blueberryfunded.com ↗

IC Funded

Forex / CFD

TRUSTPILOT × 2

Key detail2-Step Professional: 10%/5% targets, 5% daily and 10% fixed overall drawdown.

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Details & sources

Customer score · converted to /10

Selected program: 2-Step Professional: 10%/5% targets, 5% daily and 10% fixed overall drawdown.Source: icfunded.com ↗
Reward payout conditions: First/second/third onward profitable-day counts are 5/3/none; all retain minimum 14 calendar days.Source: icfunded.com ↗

DayTraders

Futures

TRUSTPILOT × 2

Key detailDayTraders.com is distinct from TradeDay; EOD, S2F and S2L have separate rules.

Vietnam is listed for no new/additional accounts; restricted-country citizenship applies regardless of location. Temporary travel rules for existing accounts are not new-account approval.

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Details & sources

Vietnam is listed for no new/additional accounts; restricted-country citizenship applies regardless of location. Temporary travel rules for existing accounts are not new-account approval.

Customer score · converted to /10

Selected program: DayTraders.com is distinct from TradeDay; EOD, S2F and S2L have separate rules.Source: daytraders.com ↗
Maximum drawdown / loss: EOD 50K: $2,000 trailing distance, updated on closing balance and enforced intraday; stops at $50,000.Source: daytraders.com ↗
Reward payout conditions: EOD Pro 50K: eight qualifying days, best day≤30%, minimum request balance $52,600 and retained balance $52,000.Source: daytraders.com ↗

BrightFunded

Forex / CFD

Community score unavailable

Key detailCFD Bright and Classic are two-stage plans; 1-Step uses a separate trailing model.

CFD programme: Vietnam is restricted by nationality or residence; Pakistan grandfathering is not a Vietnam exception.

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Details & sources

CFD programme: Vietnam is restricted by nationality or residence; Pakistan grandfathering is not a Vietnam exception.

Community score unavailable

Selected program: CFD Bright and Classic are two-stage plans; 1-Step uses a separate trailing model.Source: help.brightfunded.com ↗
Program fee: Evaluation fee is one-time by account size; paid add-ons have separate conditions.Source: help.brightfunded.com ↗
Maximum drawdown / loss: 2-Step Bright: 4% daily and 8% static overall loss limits.Source: help.brightfunded.com ↗

Maven Trading

Forex / CFD

Community score unavailable

Key detailRetail prop programme at maventrading.com; Standard 2-Step targets 8%/5%, daily 4%, overall 8% static and 80% split.

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Details & sources

Community score unavailable

Selected program: Retail prop programme at maventrading.com; Standard 2-Step targets 8%/5%, daily 4%, overall 8% static and 80% split.Source: maventrading.com ↗
Reward payout conditions: Standard 2-Step lists 10 business-day rewards and initial-fee return after the third withdrawal as a separate payment.Source: maventrading.com ↗

Additional names awaiting research29 · no quality rating yet

These are not FINEX reviews. Open a profile to see available source scope and information not yet verified.

AquaFunded

Forex / CFD

Directory entry · profile in preparation

Profile in preparation. Sourced country information appears below. Fees, entity and withdrawals are being compiled; no quality score is published yet.

Prop trading firms: rules, fees and terms

A few profiles to start with

FTMO

The5ers

FundedNext

FundingPips

E8 Markets

Alpha Capital Group

FXIFY

Blue Guardian

Topstep

Apex Trader Funding

MyFundedFutures

Take Profit Trader

Tradeify

Phidias

Blueberry Funded

IC Funded

DayTraders

BrightFunded

Maven Trading

AquaFunded

Crypto Fund Trader

Moneta Funded

Hola Prime

Atmos Funded

FundedElite

Goat Funded Trader

For Traders

Lark Funding

Funded Trading Plus

City Traders Imperium

Finotive Funding

WSFunded

Instant Funding

BEM Funding

Orion Funded

Hantec Trader

Leveraged

The Trading Pit

Audacity Capital

Trade The Pool

Tradeify FX

Lucid Trading

FundedNext Futures

FuturesElite

Goat Funded Futures

TradeDay

Blue Guardian Futures

Top One Trader

How to use this directory