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The trader's rulebook
The prop firm is the casino; the rules are written so the house wins. We review every firm and decode every rule — even the buried ones — so you get funded, never get voided on a technicality, and get paid the longest.
FunderPro
Malta-based (EU) prop firm with balance-based drawdowns, no consistency rule on Classic accounts, and a scaling plan to $5M. Generous on news and EAs during the challenge — the traps are the daily reset timing and copying other people's trades.
FTMO
The original modern prop firm (since 2015), $500M+ paid out. Famously lenient — news trading, weekend holding and EAs are all allowed. The traps are the 1-Step's trailing max-loss and its Best-Day consistency rule, plus a daily limit that resets at midnight Central European Time, not yours.
FundingPips
Fast-growing firm with STATIC (non-trailing) evaluation drawdowns, an up-to-100% profit split and scaling to $2M. The catch is discretionary 'toxic strategy' enforcement at payout and a best-day consistency check on the 90% On-Demand cycle.
FundedNext
Big, payout-credible firm whose appeal — fast 5-day 1-Step payouts, 90%+ splits and a slice of challenge-phase profit — is balanced by floating-loss-inclusive drawdown math and aggressive 'strategy-switching' enforcement that can deny rewards.
The5ers
One of the longest-running firms (since 2016), with a no-trailing drawdown that GROWS as you profit, a forgiving daily 'pause' instead of a hard blow-out on Hyper Growth, unlimited time, and up to 100% split — offset by a long list of EA/arbitrage gotchas that void accounts with no refund.
Alpha Capital Group
A flexible UK firm that tolerates scalping, news trading during the evaluation and (with proof of ownership) copy trading — with mostly STATIC drawdowns. The traps are the trailing drawdown on the 1-step Alpha One plan and a strict 40% best-day consistency rule on payouts.
E8 Markets
A flexible, customizable firm (pick your drawdown and split at checkout on E8 One) with no minimum trading days and martingale allowed. The traps are the trailing 'Dynamic' drawdown, the 40%/35% best-day consistency rule, and a funded-stage news window — none of which exist during the challenge.
Apex Trader Funding
The cheapest, highest-volume futures evaluation around — 100% profit split, no daily loss limit, no time limit — but an unrelenting trailing drawdown that moves on UNREALIZED equity and only locks at your starting balance + $100 makes keeping the account far harder than passing it.
My Funded Futures
A fast-payout, beginner-friendly futures firm — Rapid pays 90/10 DAILY just 24h after your first trade — whose real trap is the trailing drawdown (intraday on Rapid, end-of-day on the rest) plus an evaluation-only 50% consistency rule, not the easy $3k target.
Take Profit Trader
A trader-friendly one-step futures firm: Test → funded PRO (withdraw from day one, daily, 80/20) → optional PRO+ (live, 90/10, no buffer). No consistency rule once funded — but the trailing drawdown that FLIPS from end-of-day to intraday on the PRO account is the trap that blows most accounts.
Goat Funded Trader
A flexible, low-target sim-funded firm with lenient holding/EA/news rules and many cheap entry points ($1, $5 pay-later, instant, 1/2/3-step). The traps are the trailing drawdown on instant models, a 2% per-trade floating-loss kill switch, the 15–20% consistency rule, and a strict 30-day inactivity breach.
Maven Trading
A budget-priced, multi-model forex firm (challenges from ~$13) with trader-friendly mechanics — no time limits, 80% split, weekend holding — but aggressive gotchas: a blanket EA ban, voided news-window profits, a 20% best-day consistency rule, and a hard $10k / 30-day withdrawal cap across all your accounts.
ThinkCapital
A broker-backed firm (by ThinkMarkets) with NO consistency rule on its three evaluation programs, mostly balance-based daily drawdown, and clean rules — the catches are the trailing max-DD on Lightning/Bolt, a 4-minute news window, and Bolt's 20% best-day cap.
BrightFunded
A trader-friendly firm with NO consistency rule, static drawdown on its 2-step plans, weekend/overnight holding, and a unique 'Trade2Earn' token rewards layer. The catches are a soft-breach news rule on funded accounts and strict single-account / cross-account-hedging enforcement.
Blueberry Funded
A genuinely broker-backed firm (by Blueberry Markets) with simple static drawdown, no consistency rule, and a loosened post-March-2026 ruleset. The real traps are a strict no-close-during-news policy and an aggressive 1.5%-per-trade-idea loss cap on funded accounts.
Fintokei
An Asia-focused sim-funded firm with three clean programs (StartTrader / SwiftTrader / ProTrader), static drawdowns, news trading and even martingale allowed. The catches are the equity-based daily limit anchored to a midnight-UTC snapshot, a 3% max-risk-per-trade guideline, and a selective 40% best-day consistency rule that can be quietly imposed on a minority of traders.
City Traders Imperium
A swing-trader's firm: balance-based drawdown (floating losses don't breach you), no daily loss cap on the 1-Step, news/weekend holding and even martingale allowed, and a split that climbs to 100% + a salary. The traps are the 60-second mandatory stop-loss, a first-payout bar much higher than the pass bar, and low leverage (1:10 on Instant).
Blue Guardian
A Dubai forex funder with a broad plan ladder (1/2/3-Step, Rapid, Instant) and an 85% split scalable to 90%, plus a 24-business-hour payout guarantee. The defining trap is an equity-based daily drawdown that breaches on floating losses and uses the higher of balance-or-equity at the 5 PM EST reset — so a winning day tightens tomorrow's floor.
Funded Trading Plus
A flexible London sim-funder with no time limits and no minimum trading days, a split that climbs to a lifetime 100%, and on-demand payouts from day one (on most plans). The traps are the conflicting daily-reset times in its own docs, a Symbol Loss Limit that terminates instantly, and a same-market-on-two-accounts rule that nullifies profit.
Finotive Funding
A Dubai sim-funder with all-static drawdowns, no consistency rule on Challenge/Instant, and a Pro tier paying a 100% split plus a 1% monthly salary. The sleeper trap is the tiered Notional Volume limit — oversize a funded trade and you take a 'strike' that cuts your next payout to 10%, plus a brutal 72-hour KYC deadline with no second chance.
Audacity Capital
One of the oldest prop firms (since 2012), now offering an Ability Challenge (2-step), Ability One (1-step) and an instant FTP. Consistency was dropped on funded accounts and weekend/news trading is allowed, but the FTP split is far lower than the headline, the daily limit is set from the higher of balance-or-equity, and a 3-minute freeze blocks ALL actions around high-impact news.
Breakout
A crypto-native sim funder (USDT-margined perps) with no minimum days, no time limit and no consistency rule — pass in a single trade if you want. The catches are the equity-based drawdown that breaches the instant it's touched (open positions included), permanent breaches with no free retries, and a strict same-household/IP/device ban. Payouts are daily, on-demand, in USDC.
Crypto Fund Trader
A Swiss multi-asset funder (720+ instruments across crypto, forex, indices, metals, stocks) with 1/2/3-phase and instant models, no consistency rule and no inactivity rule. The traps are buried in the Terms: a $10,000/day profit cap that deletes the excess, an unusual 60-second/24-hour reverse-trade rule, and 'scholarship' wording that legally frames payouts as discretionary.
AquaFunded
A Dubai firm with a large plan menu (1/2/3-step + instant, Standard & Pro), a 90% split (100% add-on) and a 24-business-hour payout guarantee. Hedging, martingale and no-stop-loss are all allowed, but two −2% open-loss rules (a per-trade kill switch and the Wave Stop) plus a tiered consistency rule and ±5-min news profit-stripping are the real constraints.
For Traders
A Dubai firm on its own 'For Traders X' platform offering Fast (1-step), Classic (2-step), Strike (3-step) and Instant models across forex, crypto and futures. Weekend holding and a path to 90% are fine, but the trailing drawdown only locks after your first payout (withdrawals count as losses against it), a 40% single-trade margin cap applies, and the code of conduct terminates accounts for chargebacks or public criticism.
Tradeify
A US futures sim-funder with an end-of-day trailing drawdown (it doesn't tighten on intraday spikes), unrestricted news trading and a 100%-of-first-$15k split on Growth/Lightning. The traps are the EOD drawdown still enforced intraday (a touch = permanent fail), a hold-time rule that blocks payouts for microscalpers, and mini+micro on the same product counting as banned hedging.
TradeDay
A futures sim-funder run by ex-institutional traders, with NO daily loss limit, no funded consistency rule, and a choice of intraday or end-of-day trailing drawdown. The catches are forced news auto-liquidation (positions market-closed 2 min before Tier 1 releases), day-trading-only (no overnight/weekend), no platform APIs, and a 50/50 split on the first $4,000 of profit.
Trade The Pool
The5ers' stock-trading sibling — a US-equities prop firm where you trade 12,000+ real stocks and ETFs (long and short, no locate fees, no PDT rule) on buying power rather than forex lots. The catches are an equity-based daily pause that counts unrealized P&L, consistency measured against the profit TARGET (one big winner can disqualify you), a $1.50 penny-stock floor, and automation locked to SignalStack only.
Funding Traders
A budget Singapore forex sim-funder with 1-Step Pro, 2-Step Pro (PRO6/PRO10) and Instant models, mostly static drawdowns and a 48-hour payout guarantee. The traps live on the Instant account: a trailing drawdown that only locks after +3%, a permanent 3% non-withdrawable buffer, account termination for any open trade during news, and a weekend-flat rule that even includes crypto.
QT Funded
A London (Quant Tekel) forex firm running several product families in parallel — QT PRIME (static 10% max, no mandatory consistency), QT POWER (8% static, EOD daily, 35% consistency) and QT INSTANT (6% trailing). The biggest trap is the plan-name ambiguity itself (the same 'PRIME' label has carried different numbers across vintages), plus a 75%-of-daily-drawdown-on-one-trade ban and a broad 'toxic trading' discretion clause.
FunderPro Futures
FunderPro's CME futures arm — a one-phase, monthly-billed evaluation with an end-of-day trailing drawdown (no trailing while in profit), a Daily Pause that freezes rather than fails the account, and same-day payouts. The catches are a split that starts at only 60%, a 45% consistency rule that inflates your eval target, the 5×$200 qualifying-days payout gate, and no weekend holding.
FundedNext Futures
FundedNext's CME futures arm — one-phase Bolt/Rapid/Legacy/Flex challenges with an end-of-day trailing drawdown (intraday spikes don't raise it) and unrestricted news trading. The catches are no automation/EAs/copy trading at all (manual only), a 5-tick/15–20-second anti-scalping rule, a 40% consistency rule on most plans, and Benchmark-day payout gates.
Lucid Trading
A US futures sim-funder with three programs (LucidPro 2-phase, LucidFlex 1-phase, LucidDirect instant), an end-of-day trailing drawdown, a 90% split and bots/copiers allowed. The catches are a trapped buffer you can never withdraw into, a microscalping rule that forfeits profits, per-cycle payout caps, and forced graduation to LucidLive after 5 payouts.
Top One Trader
A US (Texas) forex firm with a wide product menu — 1-Step Flash, 2-Step Pro/Plus, Instant Funding/Prime — where consistency is a payout gate rather than an account-killer. The catches are a $25,000 cap on net profit + withdrawals per 30 days across ALL your accounts, an Instant split that ramps from 60%, a 3% daily profit cap on Flash, and frequent dated rule changes (purchase date matters).
Lark Funding
A Montreal forex sim-funder with a static drawdown (it doesn't trail up), no consistency rule to pass, EAs allowed and a monthly base reward on top of profit split. The catches are a weekend-holding paid add-on (else everything force-closes Friday), a 5 PM EST daily-loss snapshot, hidden conditions on the monthly stipend, and a $40 fee per payout.
ATFunded
The prop arm of broker ATFX (registered in St. Vincent & the Grenadines). As of mid-2026 ATFunded has PAUSED operations pending a review — the site is in MT5 close-only mode, with full refunds promised to active customers. The pre-pause rules below are historical: a 2-Phase challenge (8%/5%) and a 1-Step Pro (6%), a ±5-minute high-impact news ban, and a split capped at 80%.
FundedElite
An Italy-based sim-funder with 1-Step/2-Step (and Lite) challenges plus Instant Funding, news-friendly and EA-tolerant for analysis. The real teeth are in the fine print: a single-instrument risk cap that counts the WIDEST stop you ever set (even on winning trades), a static-eval-to-trailing-funded drawdown switch, and a live account that gets demoted back to evaluation if you pass with hidden/HFT EAs.
Instant Funding
A London sim-funder whose flagship has no profit target, no daily loss limit and even allows (limited) martingale — but runs a 'Smart Drawdown' that ratchets from 10% to 5% once you bank +5%, which doubles as a soft payout gate. The rules vary sharply by plan: consistency is 40% on challenges but 15% on micro/IF1, and the 60-second-minimum-hold HFT rule catches scalpers.
Nordic Funder
A Nordic-branded sim-funder running on Forest Park FX / dashboardanalytix white-label infrastructure, with 1/2/3-stage challenges and no numeric consistency rule. The catches are an equity-based trailing drawdown on a high-water mark (give-back of floating gains can breach you), a 17:00 EST daily anchor, a Friday flat-by-20:45-GMT rule (weekend holding is a paid upsell), discretionary funding, and payout protection sold as an add-on.
Blueberry Futures
The futures arm of the Blueberry brand (operated by a Cayman entity) on the proprietary BlackArrow platform, with one-step Ascent (EOD drawdown) and Accelerated (intraday-trailing) challenges and NO daily loss limit. The catches are a tight 20% consistency on Accelerated, a DCA cap of 3 stacks per idea, cross-contract hedging counting as hedging (instant termination), and a 'funded' stage that's still simulated until you clear 7 payout cycles or $28k.
Atmos Funded
A Cyprus firm backed by the Taurex broker group, with 1-Step/2-Step (Standard & Plus) and Instant plans on MT5. The catches: a ±2-minute news window is a 'soft breach' that strips the profit, the daily loss is measured on the worse of balance-or-equity (floating losses count), 1-Step Plus pairs a very tight 3% trailing drawdown with no daily limit, and consistency caps (20%/45%) apply only to Instant and 1-Step Plus.
Moneta Funded
A brand-new (2025) broker-backed firm from Moneta Markets' CEO, with 1-Step/2-Step, Instant, a 10-tier Phoenix scaling program to $2M, and a time-boxed Sprint Challenge (100% split). It offers a high flat 88% split and no consistency rule on the challenges — but it's an unregulated Saint Lucia entity with no payout track record yet, tiered news rules, and a 20% consistency cap on Instant.
Top One Futures
The CME-futures arm of Top One, with six programs (Elite Challenge/Daily/Access, Instant Sim Funded, S2F Sim PRO, IGNITE), a 90% split and same-day-ish payouts. The catches: the drawdown locks at only start+$100 (and freezes the moment you take a payout), a 10.01-second minimum hold bans fast scalps, manual-only trading (no EAs/bots), a hard 4:10 PM ET daily flatten, and a 14-day inactivity permanent close.
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Informational and comparison content only — not financial advice. Decoded rule breakdowns are added firm by firm as they're verified.