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 October 6, 2026.
Forex prop firms we review
30 forex firms, listed alphabetically. Open a review for the full rules, costs and payout terms.
Alpha Capital Group
Alpha Pro 6%, Alpha Pro 8%, Alpha Pro 10%, Alpha Swing, Alpha One
PFK
AquaFunded
Instant Funding Standard, Instant Funding Pro, Instant Funding Flex, Try Aqua, One-Step Standard, One-Step Flex, Two-Step Standard, Two-Step Pro, Two-Step Elite, Pay Later, Crypto Instant Funding, Crypto One Step
AtmosFunded
1-Step Standard, 1-Step Plus, 2-Step Standard, 2-Step Plus, Instant Funding, Nova
Audacity Capital
Ability Challenge, Ability One, FTP
Blue Guardian
1 Step Standard, 2 Step Standard, Instant Standard, 1 Step Nano, 2 Step Nano
PFK25% off
Blueberry Funded
Flex 1 Step, 1-Step, Prime 2-Step, Instant Elite, Instant Lite, Synthetic Indices Only
BrightFunded
1-Step, 2-Step Bright, 2-Step Classic
PFK15% off
City Traders Imperium
1-Step Challenge, 2-Step Challenge, Instant Funding, Direct Funding
PFK10% off
CryptoFundTrader
Instant Evaluation, 1-Phase Evaluation, 2-Phase Evaluation, Break Evaluation
PLATINUM5
Finotive Funding
1-Step Challenge, 2-Step Challenge, Instant Funding Standard, Instant Funding Lite, 1-Step Pro, 2-Step Pro
PFKEY50% off
For Traders
Forex Pay After Pass, Forex Fast, Forex Fast Static, Forex Classic, Forex Instant, Forex Instant Pro, Futures Fast, Futures Fast Pro, Futures Instant, Crypto Fast, Crypto Fast Pro, Crypto Instant
FTMO
FTMO Challenge: 2-Step, FTMO Challenge: 1-Step
Funded Elite
Flash Activation Challenge, Catalyst, Instant Funding, Lite Account, Free Retry Accounts
Funded Trader Markets
1 Step Nitro, 1 Step Nitro 300K, 2 Step Plus, Instant Standard, Instant Pro, Instant Plus, 1 Step Nitro X
Funded Trading Plus
1-Step Express, 2-Step Classic, Instant
FundedNext
Stellar 2-Step, Stellar 1-Step, Stellar Lite, Stellar Instant
FundedSquad
Instant Lite, Instant Pro, Instant Flex, Instant Rapid, 1 Step, 1 Step Pro, 2 Step Fast, 2 Step Squad
FunderPro
One Phase, Classic, Pro, Instant Program
PFK30% off
FundingPips
2 Step Standard, 2 Step Pro, 1 Step Flex, FundingPips Zero
FXIFY
One Phase, Two Phase, Three Phase, Instant Funding, Lightning Challenge, Crypto Instant Funding, Crypto Standard
PFK
Goat Funded Trader
1 Step Model, 2-Step Standard
Instant Funding
Instant Funding, IF1, One-Phase, One-Phase Micro, Two-Phase, Two-Phase Micro
Maven Trading
Standard 1-Step, Standard 2-Step, Standard 3-Step, Instant, Mini, Omo 2-Step, Buy Now Pay Later, Predictions, Predictions Elite
Orion Funded
Orion Zero, Orion Standard, Orion Swing, Orion Select, Orion Nova
Rebels Funding
Copper, Bronze, Silver, Gold, Diamond
The Trading Pit
CFDs Prime 1 Phase, CFDs Prime 2 Phases, CFDs Classic, CFDs Instant Earning Account, Futures Prime
WIN
The5ers
High Stakes, Growth, Bootcamp
PFKEY
ThinkCapital
Lightning, Dual Step Intraday, Dual Step Swing, Nexus, Bolt Instant Funding
PFK10% off
TopOne Trader
1-Step FLASH, 2-Step PRO, Nova Challenge, Instant Funding, Instant Prime
Trade The Pool
Flex Day Trading, Max Day Trading, Flex Swing Trading, Max Swing Trading, Edge Program
Forex prop firms compared
| Firm | Programs | Platforms | Discount code | |
|---|---|---|---|---|
| Alpha Capital Group | Alpha Pro 6%, Alpha Pro 8%, Alpha Pro 10%, Alpha Swing, Alpha One | MT5, cTrader, TradeLocker | PFK | Review |
| AquaFunded | Instant Funding Standard, Instant Funding Pro, Instant Funding Flex, Try Aqua, One-Step Standard, One-Step Flex, Two-Step Standard, Two-Step Pro, Two-Step Elite, Pay Later, Crypto Instant Funding, Crypto One Step | MT5, Match Trader, TradeLocker +1 | No code | Review |
| AtmosFunded | 1-Step Standard, 1-Step Plus, 2-Step Standard, 2-Step Plus, Instant Funding, Nova | MT5 | No code | Review |
| Audacity Capital | Ability Challenge, Ability One, FTP | MT5, DXtrade | No code | Review |
| Blue Guardian | 1 Step Standard, 2 Step Standard, Instant Standard, 1 Step Nano, 2 Step Nano | MT5, TradeLocker, Match-Trader | PFK | Review |
| Blueberry Funded | Flex 1 Step, 1-Step, Prime 2-Step, Instant Elite, Instant Lite, Synthetic Indices Only | MT5, TradeLocker | No code | Review |
| BrightFunded | 1-Step, 2-Step Bright, 2-Step Classic | MT5, cTrader, DXTrade | PFK | Review |
| City Traders Imperium | 1-Step Challenge, 2-Step Challenge, Instant Funding, Direct Funding | MT5, Match-Trader | PFK | Review |
| CryptoFundTrader | Instant Evaluation, 1-Phase Evaluation, 2-Phase Evaluation, Break Evaluation | MT5, Match-Trader, Bybit | PLATINUM5 | Review |
| Finotive Funding | 1-Step Challenge, 2-Step Challenge, Instant Funding Standard, Instant Funding Lite, 1-Step Pro, 2-Step Pro | MT5, Match-Trader | PFKEY | Review |
| For Traders | Forex Pay After Pass, Forex Fast, Forex Fast Static, Forex Classic, Forex Instant, Forex Instant Pro, Futures Fast, Futures Fast Pro, Futures Instant, Crypto Fast, Crypto Fast Pro, Crypto Instant | MT5, TradeLocker, cTrader +1 | No code | Review |
| FTMO | FTMO Challenge: 2-Step, FTMO Challenge: 1-Step | MT4, MT5, cTrader +1 | No code | Review |
| Funded Elite | Flash Activation Challenge, Catalyst, Instant Funding, Lite Account, Free Retry Accounts | MT5, Match-Trader | No code | Review |
| Funded Trader Markets | 1 Step Nitro, 1 Step Nitro 300K, 2 Step Plus, Instant Standard, Instant Pro, Instant Plus, 1 Step Nitro X | cTrader, TradeLocker, Match-Trader +1 | No code | Review |
| Funded Trading Plus | 1-Step Express, 2-Step Classic, Instant | MT5, Match-Trader | No code | Review |
| FundedNext | Stellar 2-Step, Stellar 1-Step, Stellar Lite, Stellar Instant | MT4, MT5, cTrader +1 | No code | Review |
| FundedSquad | Instant Lite, Instant Pro, Instant Flex, Instant Rapid, 1 Step, 1 Step Pro, 2 Step Fast, 2 Step Squad | MT5, Match Trader, cTrader | No code | Review |
| FunderPro | One Phase, Classic, Pro, Instant Program | MT5, cTrader, TradeLocker | PFK | Review |
| FundingPips | 2 Step Standard, 2 Step Pro, 1 Step Flex, FundingPips Zero | MT5, cTrader, Match-Trader | No code | Review |
| FXIFY | One Phase, Two Phase, Three Phase, Instant Funding, Lightning Challenge, Crypto Instant Funding, Crypto Standard | MT5, DXtrade, TradingView | PFK | Review |
| Goat Funded Trader | 1 Step Model, 2-Step Standard | cTrader, TradeLocker, Match-Trader +2 | No code | Review |
| Instant Funding | Instant Funding, IF1, One-Phase, One-Phase Micro, Two-Phase, Two-Phase Micro | MT5, cTrader, Match-Trader | No code | Review |
| Maven Trading | Standard 1-Step, Standard 2-Step, Standard 3-Step, Instant, Mini, Omo 2-Step, Buy Now Pay Later, Predictions, Predictions Elite | MT5, Match-Trader | No code | Review |
| Orion Funded | Orion Zero, Orion Standard, Orion Swing, Orion Select, Orion Nova | MT5, MatchTrader | No code | Review |
| Rebels Funding | Copper, Bronze, Silver, Gold, Diamond | RF-Trader | No code | Review |
| The Trading Pit | CFDs Prime 1 Phase, CFDs Prime 2 Phases, CFDs Classic, CFDs Instant Earning Account, Futures Prime | MT5, cTrader, NinjaTrader +5 | WIN | Review |
| The5ers | High Stakes, Growth, Bootcamp | MT5 | PFKEY | Review |
| ThinkCapital | Lightning, Dual Step Intraday, Dual Step Swing, Nexus, Bolt Instant Funding | ThinkTrader, TradingView, MT5 | PFK | Review |
| TopOne Trader | 1-Step FLASH, 2-Step PRO, Nova Challenge, Instant Funding, Instant Prime | MatchTrader, TradeLocker, MT5 | No code | Review |
| Trade The Pool | Flex Day Trading, Max Day Trading, Flex Swing Trading, Max Swing Trading, Edge Program | TraderEvolution | No code | Review |
Most common platforms among these firms: MT5, cTrader, Match-Trader, 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
- Alpha Capital Group review: Alpha Capital Group review: Alpha Pro, Swing and One rules, static vs trailing drawdown, payout options, and the terms clauses to read before buying.
- AquaFunded review: AquaFunded review: Instant, 1-Step and 2-Step rules, accounts from $2,500 to $400,000, 90% split, 14-day rewards and a 00:00 UTC daily reset.
- AtmosFunded review: AtmosFunded review: 1-Step, 2-Step, Instant Funding and Nova rules, static vs trailing drawdown, the payout drawdown lock, fees and the US restriction.
- Audacity Capital review: Audacity Capital review: Ability Challenge, Ability One and FTP rules, drawdown examples, payout conflicts and the terms clauses to know before buying.
- 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.
- Blueberry Funded review: Blueberry Funded review: Flex 1 Step, 1-Step, Prime 2-Step and Instant rules, risk-per-trade caps, the news payout penalty and what each program costs.
- BrightFunded review: BrightFunded review: 1-Step and 2-Step drawdown rules with worked examples, euro pricing, profit split conflicts and the Trustpilot notice on its page.
- City Traders Imperium review: City Traders Imperium review: 1-Step, 2-Step, Instant and Direct Funding rules, drawdown examples, one-time prices and conflicting payout terms.
- CryptoFundTrader review: CryptoFundTrader rules and prices: Instant, 1-Phase, 2-Phase and Break from $40 to $1,250, 80% funded split, USDT, BTC and ETH payouts, weekends allowed.
- Finotive Funding review: Finotive Funding rules and prices: six forex programs from $25, static drawdowns of 6% to 10%, and Pro splits that rise to 100% after 30 funded days.
- For Traders review: For Traders review: forex, futures and crypto program rules, drawdown examples, profit splits, reward caps, and what its Terms say about payout reviews.
- 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.
- Funded Elite review: Funded Elite review: the $5 Flash Activation Challenge, activation fees, drawdown rules, conflicting site claims and payout terms to read before buying.
- Funded Trader Markets review: Funded Trader Markets: Nitro from $80 with a 6% trailing lock, 2 Step Plus with a static 10% drawdown, Instant from $43, rewards on demand.
- Funded Trading Plus review: Funded Trading Plus review: 1-Step Express, 2-Step Classic and Instant rules, trailing vs static drawdown, payouts, risk review and Trustpilot notices.
- 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.
- FundedSquad review: FundedSquad review: 4 Instant plans from $69 and 4 evaluations from $79, 1 Step 8% target, Rapid daily payouts, Squad 12% drawdown.
- FunderPro review: FunderPro review: One Phase, Classic, Pro and Instant rules, static vs trailing drawdown, one-time prices, daily rewards and the terms to read first.
- 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.
- FXIFY review: FXIFY review: One Phase, Two Phase, Three Phase and Instant Funding rules, drawdown examples, fee refunds, payouts and the terms clauses to read first.
- 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.
- Instant Funding review: Instant Funding review: Smart Drawdown, IF1, One-Phase and Two-Phase rules, one-time prices, payout timing and what its terms and disclaimer say.
- Maven Trading review: Maven Trading review: Standard, Instant, Mini and Omo rules with drawdown examples, the $10,000 payout cap, the EA ban and the Terms clauses to read first.
- Orion Funded review: Orion Funded review: Zero, Standard, Swing, Select and Nova on MT5 and MatchTrader, from a $7 Nova start and $49 fees, 3-5% daily loss, 80% split.
- Rebels Funding review: Rebels Funding rules and prices: five programs from €26 to €650, no time limit, a fixed 10% or 6% drawdown and 4 to 8 real trades per phase.
- The Trading Pit review: The Trading Pit review: CFDs Prime, Classic, Instant and Futures Prime rules, euro prices, drawdown examples, futures restrictions and reward terms.
- 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.
- ThinkCapital review: ThinkCapital review: Lightning, Dual Step, Nexus and Bolt rules with drawdown examples, conflicting Terms, Trustpilot notices and payout conditions.
- TopOne Trader review: TopOne Trader review: FLASH 10% target, 2-Step PRO 9% static loss, Nova $7 start, and Instant plans with 6% and 5% drawdowns, from $7 to $2,537.
- Trade The Pool review: Trade The Pool review: Flex and Max stock evaluations from $47 to $1,475, 6% Day and 15% Swing targets, 70% split and a 14-day payout cycle.