Forex Prop Firms
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Forex prop firms sell evaluations on simulated accounts: you reach a profit target without breaking a daily loss limit or a maximum drawdown, then trade a funded account for a share of the profits.
Below are the forex firms we review. Each one links to a full review with rules taken from the firm's official pages.
Rules last checked on September 14, 2026.
Forex prop firms we review
6 forex firms, listed alphabetically. Open a review for the full rules, costs and payout terms.
Blue Guardian
1 Step Standard, 2 Step Standard, Instant Standard, 1 Step Nano, 2 Step Nano
PFK25% off
FTMO
FTMO Challenge: 2-Step, FTMO Challenge: 1-Step
FundedNext
Stellar 2-Step, Stellar 1-Step, Stellar Lite, Stellar Instant
FundingPips
2 Step Standard, 2 Step Pro, 1 Step Flex, FundingPips Zero
Goat Funded Trader
1 Step Model, 2-Step Standard
The5ers
High Stakes, Growth, Bootcamp
PFKEYForex prop firms compared
| Firm | Programs | Platforms | Discount code | |
|---|---|---|---|---|
| Blue Guardian | 1 Step Standard, 2 Step Standard, Instant Standard, 1 Step Nano, 2 Step Nano | MT5, TradeLocker, Match-Trader | PFK | Review |
| FTMO | FTMO Challenge: 2-Step, FTMO Challenge: 1-Step | MT4, MT5, cTrader +1 | No code | Review |
| FundedNext | Stellar 2-Step, Stellar 1-Step, Stellar Lite, Stellar Instant | MT4, MT5, cTrader +1 | No code | Review |
| FundingPips | 2 Step Standard, 2 Step Pro, 1 Step Flex, FundingPips Zero | MT5, cTrader, Match-Trader | No code | Review |
| Goat Funded Trader | 1 Step Model, 2-Step Standard | cTrader, TradeLocker, Match-Trader +2 | No code | Review |
| The5ers | High Stakes, Growth, Bootcamp | MT5 | PFKEY | Review |
Most common platforms among these firms: MT5, Match-Trader, cTrader, TradeLocker.
What to compare before you buy
- How the drawdown moves: static, trailing in real time, or end-of-day. The same dollar amount can be far stricter when it trails.
- The daily loss limit: whether there is one, and whether it’s measured from balance or equity.
- The real cost: one-time fee or monthly subscription, plus any activation, reset or data fees.
- Payout conditions: profit split, payout frequency, minimum days and consistency rules.
- Restrictions: news trading, weekend holding, expert advisors and copy trading.
All forex prop firm reviews
- Blue Guardian review: Blue Guardian review: 1 Step, 2 Step and Instant rules, trailing vs static drawdown, Guardian Shield, the August 20 changes and payout terms explained.
- FTMO review: FTMO review: 2-Step and 1-Step Challenge rules, euro prices for dollar accounts, daily and max loss examples, the Best Day Rule and news limits.
- FundedNext review: FundedNext review: Stellar 2-Step, 1-Step, Lite and Instant rules, one-time prices, fee refunds, the 40% news profit rule and payout timing explained.
- FundingPips review: FundingPips review: 2 Step Standard, 2 Step Pro, 1 Step Flex and Zero rules, payout cycles, the profit concentration policy and the weekend holding pause.
- Goat Funded Trader review: Goat Funded Trader review: 1 Step Model and 2-Step Standard rules, equity-based daily loss, payout caps, news limits and the 2026 rule changes explained.
- The5ers review: The5ers review: High Stakes, Growth and Bootcamp rules, loss limits, profit split scaling, and the prices and drawdown details it doesn't state clearly.