Prop firm reviews
- Visit FTMO
FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority.
- Visit FundedNext
FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds.
- Visit FundingPips
FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website.
- Visit Take Profit Trader
Take Profit Trader states that futures trading carries substantial risk and that simulated results do not represent actual trading.
- Visit The5ers
The5ers states that it is an evaluation and training platform rather than a broker and that its evaluation accounts are simulated.
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With a broker you trade your own money, with no challenge fee and no daily loss rule. Answer four questions for a shortlist.
What are the key features of these prop firms?
 FTMO |  FundedNext |  FundingPips |  Take Profit TraderTrading Test |  The5ers | |
|---|---|---|---|---|---|
| Challenge type | not available | not available | not available | 1-step | not available |
| Profit split | not available | not available | not available | 80% | not available |
| Platforms | MetaTrader 4, MetaTrader 5, TradingView, cTrader, Other, Futures: Tradovate and NinjaTrader; TradingView is also available. | MetaTrader 4, MetaTrader 5, cTrader, Match-Trader, TradingView, Other, Tradovate and NinjaTrader | MetaTrader 5, cTrader, Match-Trader | TradingView, Other, NinjaTrader and Tradovate on the CQG feed; R | Trader, Quantower, ATAS, Bookmap, MotiveWave, MultiCharts and other platforms on the Rithmic feed. | MetaTrader 5 |
| Visit | Visit FTMO FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority. | Visit FundedNext FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds. | Visit FundingPips FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website. | Visit Take Profit Trader Take Profit Trader states that futures trading carries substantial risk and that simulated results do not represent actual trading. | Visit The5ers The5ers states that it is an evaluation and training platform rather than a broker and that its evaluation accounts are simulated. |
What are the challenge rules?
| FTMO | FundedNext | FundingPips | Take Profit TraderTrading Test | The5ers | |
|---|---|---|---|---|---|
| Daily loss basis | not available | not available | not available | None | not available |
| Overall loss mode | not available | not available | not available | Trailing, then static | not available |
| Minimum trading days | not available | not available | not available | 3 days | not available |
| Time limit | not available | not available | not available | Unlimited | not available |
| News trading | not available | not available | not available | Restricted | not available |
| Weekend holding | not available | not available | not available | Prohibited | not available |
| Visit | Visit FTMO FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority. | Visit FundedNext FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds. | Visit FundingPips FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website. | Visit Take Profit Trader Take Profit Trader states that futures trading carries substantial risk and that simulated results do not represent actual trading. | Visit The5ers The5ers states that it is an evaluation and training platform rather than a broker and that its evaluation accounts are simulated. |
How much are the challenge fees?
| FTMO | FundedNext | FundingPips | Take Profit TraderTrading Test | The5ers | |
|---|---|---|---|---|---|
| USD 25,000 | not available | not available | not available | USD 150 | not available |
| USD 50,000 | not available | not available | not available | USD 170 | not available |
| USD 75,000 | not available | not available | not available | USD 245 | not available |
| USD 100,000 | not available | not available | not available | USD 330 | not available |
| USD 150,000 | not available | not available | not available | USD 360 | not available |
| Fee refunded | not available | not available | not available | Other condition | not available |
| Visit | Visit FTMO FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority. | Visit FundedNext FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds. | Visit FundingPips FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website. | Visit Take Profit Trader Take Profit Trader states that futures trading carries substantial risk and that simulated results do not represent actual trading. | Visit The5ers The5ers states that it is an evaluation and training platform rather than a broker and that its evaluation accounts are simulated. |
How do payouts work?
| FTMO | FundedNext | FundingPips | Take Profit TraderTrading Test | The5ers | |
|---|---|---|---|---|---|
| Starting profit split | not available | not available | not available | 80% | not available |
| Maximum profit split | not available | not available | not available | 90% | not available |
| First payout basis | not available | not available | not available | After the funded account | not available |
| Payout frequency | not available | not available | not available | On request | not available |
| Payout methods | Bank transfer, Card, E-wallet, Crypto | Crypto, Payment platform, Bank transfer, Other | Card, Crypto, Payment platform, Bank transfer, Other | Bank transfer, E-wallet, Payment platform | Payment platform, Bank transfer, Crypto |
| Payout providers | Visa Direct, Mastercard Send and Skrill (CFD); Wise, Revolut, Visa Direct and Mastercard Send (Futures) | USDT (ERC20/TRC20), USDC (ERC20), Confirmo, RiseWorks, bank transfer, FNmarkets and TC Pay (Iran) | Rise; Buy a Challenge; Tradin Transfer | PayPal, Wise, Routable and bank transfer | Rise, bank transfer and cryptocurrency |
| Scaling plan | not available | not available | not available | No | not available |
| Visit | Visit FTMO FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority. | Visit FundedNext FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds. | Visit FundingPips FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website. | Visit Take Profit Trader Take Profit Trader states that futures trading carries substantial risk and that simulated results do not represent actual trading. | Visit The5ers The5ers states that it is an evaluation and training platform rather than a broker and that its evaluation accounts are simulated. |
Which prop firms can you trust?
| FTMO | FundedNext | FundingPips | Take Profit TraderTrading Test | The5ers | |
|---|---|---|---|---|---|
| Company | FTMO s.r.o.; FTMO Evaluation Global s.r.o.; FTMO Trading Global s.r.o.; FTMO Evaluation US s.r.o.; FTMO Global Markets Ltd; JV Prop Corporation | GrowthNext F.Z.E.; FundedNext Ltd; FundedNext Limited; Incenteco Trading LTD | FundingPips Corp; Funding Pips Services Ltd | TakeProfitTrader LLC | Five Percent Online Ltd; Five Percent Online Ltd |
| Headquarters | Purkyňova 2121/3, 110 00 Prague, Czech Republic; Purkyňova 2121/3, 110 00 Prague, Czech Republic; Purkyňova 2121/3, 110 00 Prague, Czech Republic; Purkyňova 2121/3, 110 00 Prague 1, Czech Republic; Silicon Avenue, 40 Cybercity, The Cyberati Lounge, Ground Floor, The Catalyst, Ebene 72201, Mauritius; 1209 Orange Street, Wilmington, DE 19801 | Executive Office No. 7, AI/“Al” Robotics Hub, C1 Building, AFZ, Ajman, UAE; Bonovo Road, Fomboni, Island of Moheli, Comoros Union; 8/F China Hong Kong Tower, 8–12 Hennessy Road, Wan Chai, Hong Kong; 16 Foti Kolakidi, Floor 1, Agia Zoni, 3031 Limassol, Cyprus | Bonovo Road, Fomboni Island of Mohéli, Comoros Union; 15 Dimitriou Karatasou Street, Anastasio Building, 6th Floor, Office 601, 2024 Strovolos, Nicosia | Windermere, Florida | 2 Ha’tidhar Street, Raanana, Israel; Enstar House, 168 Praed Street, London W2 1RH, United Kingdom |
| Founded | 2015 | 2022 | 2022 | 2021 | 2016 |
| Trades executed by | OANDA Broker Profile for TradingView; FX Blue App Suite | MT4, MT5, cTrader, Match-Trader, Tradovate, NinjaTrader and TradingView | Tradin | not available | not available |
| Regulation | States it is not regulated | States it is not regulated | not available | not available | not available |
| Regulatory wording | FTMO states that it provides only simulated trading and educational tools for traders, that FTMO companies do not act as a broker or accept deposits, and that its FTMO Challenge services are not regulated by the Czech National Bank or a similar financial authority. | The Provider is not a broker, financial institution, investment firm, asset manager, market intermediary, custodian, trading counterparty or regulated financial services provider | not available | not available | not available |
| Capital type | Simulated, then live | Simulated | Simulated | Simulated, then live | Simulated |
| Trustpilot score | 4.8/5 | 4.5/5 | 4.5/5 | 4.4/5 | 4.7/5 |
| Trustpilot reviews | 51868 | 80054 | 69348 | 11159 | 41547 |
| Trustpilot date | 2026-09-25 | 2026-09-25 | 2026-09-26 | 2026-11-06 | 2026-11-06 |
| Visit | Visit FTMO FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority. | Visit FundedNext FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds. | Visit FundingPips FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website. | Visit Take Profit Trader Take Profit Trader states that futures trading carries substantial risk and that simulated results do not represent actual trading. | Visit The5ers The5ers states that it is an evaluation and training platform rather than a broker and that its evaluation accounts are simulated. |
Prop firms in detail
FTMO
CFD fees start at EUR 79 for the 1-Step Challenge and EUR 89 for the 2-Step Challenge.- The 2-Step Challenge fee is refunded with the first reward.
- A 14-day free trial is available.
- The 1-Step Challenge fee is not refunded.
- Futures evaluation fees are not refunded once paid, subject to the consumer withdrawal terms.
- FTMO Challenge services use simulated trading.
FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority.
FundedNext
- CFD evaluation accounts have no deadline.
- Stellar Instant offers access without a Challenge.
- Rapid Daily has no consistency rule.
- Support is available by email, live chat and Telegram, 24/7.
- Futures purchase and reset fees are non-refundable.
- Rapid Pro and Rapid Daily funded accounts end after five Performance Rewards.
- CFD news-window profits are counted at 40% on funded and Instant accounts.
- Futures positions must be closed by 3:10 PM CT.
FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds.
FundingPips
- One-step, two-step and instant-account models
- MT5, cTrader and Match-Trader
- No evaluation time limit
- Master weekend positions on four models are automatically closed at the Friday market close under a temporary rule
- Zero has a 15% consistency ceiling and a 3% safety cushion for rewards
- Copy trading and automated strategies have restrictions
FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website.
Take Profit Trader
- The Trading Test has no time limit and needs 3 trading days.
- Breaking the Test best-day rule raises the target instead of failing the attempt.
- PRO has no minimum profitable days and no maximum payout amount.
- CQG and Rithmic feeds open TradingView, NinjaTrader, Tradovate and Rithmic platforms.
- The Test is billed every month until a pass, from USD 150.
- Wallet withdrawals of USD 250 or less cost USD 50.
- Open positions are closed automatically at 4:55 pm ET.
- The restricted-country list is long and a VPN blocks registration.
- Challenge type
- 1-step
- Profit split
- 80%
Take Profit Trader states that futures trading carries substantial risk and that simulated results do not represent actual trading.
The5ers
- Hyper Growth and High Stakes have no time limit.
- One-step, two-step and three-step programmes are available.
- Accounts can scale to USD 4 million, with a reward share of up to 100%.
- High Stakes refunds 70% of the fee with the first payout.
- Evaluation accounts are simulated.
- The5ers excludes residents of 31 territories.
- Strategy rules are strict and breaches forfeit profits.
- Payout requests open every two weeks.
The5ers states that it is an evaluation and training platform rather than a broker and that its evaluation accounts are simulated.