We compared all key parameters of prop trading firms. Whether you are a beginner looking for more forgiving rules or an experienced trader seeking maximum capital, this comparison will help you find what you need.
Basic comparison of prop trading firms
| Prop firm | Min. fee ($) | Max. account ($) | Profit split (%) | Daily limit | Monthly target | Reset |
|---|---|---|---|---|---|---|
| Fintokei | 99 | 400 000 | 80 | 5% | 8% | Yes |
| Apex Trader Funding | 125 | 300 000 | 80 | 4% | 8% | Yes |
| MyFundedFutures | 49 | 200 000 | 85 | 5% | 10% | Yes |
| For Traders | 99 | 400 000 | 80 | 5% | 10% | Yes |
| FXIFY | 99 | 200 000 | 80 | 5% | 8% | No |
| Day Traders | 135 | 250 000 | 85 | 4% | 8% | Yes |
| Trade the Pool | 99 | 300 000 | 80 | 5% | 10% | No |
| The 5%ers | 275 | 1 000 000 | 85 | 4% | 6% | No |
| FTMO | 155 | 400 000 | 80 | 5% | 10% | Yes |
| RebelsFunding | 99 | 300 000 | 85 | 5% | 8% | Yes |
Challenge programme requirements
| Prop firm | Phase one | Phase two | Special rules |
|---|---|---|---|
| Fintokei | – Target: 8% profit – Max daily loss: 5% – Max overall loss: 10% – At least 10 trading days | – Target: 5% profit – Same loss limits – At least 10 trading days | – Scaling plan available – Weekends do not count towards the time limit |
| Apex Trader Funding | – Target: 8% profit – Max daily loss: 4% – Max overall loss: 8% – At least 5 trading days | No second phase | – Immediate access to a live account after passing – News trading allowed |
| MyFundedFutures | – Target: 10% profit – Max daily loss: 5% – Max overall loss: 8% – At least 8 trading days | – Target: 5% profit – Same loss limits – At least 5 trading days | – Lower entry fee – Scaling plan 25% every 3 months |
| FTMO | – Target: 10% profit – Max daily loss: 5% – Max overall loss: 10% – At least 10 trading days – Time limit: 30 days | – Target: 5% profit – Same loss limits – At least 10 trading days – Time limit: 60 days | – Swing trading available – Scaling plan available – Swing mode allows positions to be held overnight |
| The 5%ers | – Target: 6% profit – Max daily loss: 4% – Max overall loss: 8% – No minimum number of days | No second phase | – Aggressive scaling plan (4x increase) – Fast progression to larger accounts – No time limit |
| Trade the Pool | – Target: 10% profit – Max daily loss: 5% – Max overall loss: 10% – At least 10 trading days | – Target: 5% profit – Same loss limits – At least 10 trading days | – No reset after reaching the live account – Crypto trading available |
| RebelsFunding | – Target: 8% profit – Max daily loss: 5% – Max overall loss: 10% – At least 10 trading days | – Target: 5% profit – Same loss limits – At least 10 trading days | – Proprietary platform – Crypto and forex trading available |
| Day Traders | – Target: 8% profit – Max daily loss: 4% – Max overall loss: 8% – At least 5 trading days | No second phase | – Fast profit payouts – News trading allowed |
| FXIFY | – Target: 8% profit – Max daily loss: 5% – Max overall loss: 10% – At least 10 trading days | – Target: 5% profit – Same loss limits – At least 10 trading days | – No reset option – Primarily focused on forex |
| For Traders | – Target: 10% profit – Max daily loss: 5% – Max overall loss: 10% – At least 10 trading days | – Target: 5% profit – Same loss limits – At least 10 trading days | – Scaling plan available – Futures trading available |
Regulation of prop trading firms
| Prop firm | Regulation | Country of origin | Broker for live accounts |
|---|---|---|---|
| FTMO | ✗ Unregulated | Czech Republic | Reportedly regulated liquidity providers, without specific disclosure of the firms involved. |
| The 5%ers | ✗ Unregulated | Israel | Reportedly regulated liquidity providers, without specific disclosure of the firms involved. |
| Trade the Pool | ✗ Unregulated | USA | Reportedly a mix of regulated and unregulated |
| MyFundedFutures | ✗ Unregulated | USA | Reportedly US futures brokers |
| Apex Trader Funding | ✗ Unregulated | USA | Reportedly US futures brokers |
| FXIFY | ✗ Unregulated | UK | Reportedly a mix of brokers |
| Day Traders | ✗ Unregulated | USA | Reportedly a mix of brokers |
| For Traders | ✗ Unregulated | USA | Reportedly a mix of brokers |
| RebelsFunding | ✗ Unregulated | USA | Reportedly a mix of brokers |
| Fintokei | ✗ Unregulated | Unspecified | Reportedly a mix of brokers |
The table shows that prop firms are not directly regulated. Some firms claim to work with regulated liquidity providers, but when asked to name them, they decline, citing NDAs, which is not reassuring.
Key points on regulation:
- Most prop firms operate without direct oversight by financial regulators.
- It is difficult to verify which end liquidity providers prop firms actually use. We were unable to confirm this.
- Some firms reportedly use regulated liquidity providers for live accounts, which offer some degree of safety. Unfortunately, we could not verify that this is truly the case.
- Lack of regulation does not automatically mean unreliability.
Conclusion: Practical tips for choosing a firm
When selecting a firm, carefully check its history and reviews from other traders. It is advisable to start with a smaller account to test the service and to read the entry programme terms thoroughly. Verify payout options, the scaling plan, and the availability of customer support. The safety and regulation of liquidity providers also matter. Identifying the end liquidity providers is difficult, if not unrealistic, and in practice relies on taking the prop firm at its word.
Prop trading firms compared: Who offers the best terms?