Prop Firm Rules & Terms Directory
Compare drawdown models, payout eligibility timelines, daily limits, and trading platforms using structured primary-source data and empirical test observations.
| Platform | Maturity | Drawdown Model | Daily / Max Loss | First Payout Eligibility | Verified Entry Fee | Observation Date | Action |
|---|---|---|---|---|---|---|---|
Alpha Capital Group Demand RadarNot verified | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
Apex Trader Funding Demand RadarNot verified | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
AquaFunded Demand Radarctrader | Source Verified | Static Floor | 8% Max• 5% Daily | UNKNOWN | Pricing not verified | Oct 2, 2026 | Full Audit |
BrightFunded Demand RadarNot verified | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
E8 Markets Demand Radarctrader, match-trader | Source Verified | Static Floor | 8% Max• 5% Daily | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
Earn2Trade Demand RadarNot verified | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
Falcon Funded Demand RadarNot verified | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
FTMO Demand RadarMetaTrader 4, MetaTrader 5 | Empirically Tested | Pending Audit | Not verified• Not verified | 14 days initial | $165 | Sep 25, 2026 | Full Audit |
FundedNext Demand RadarNot verified | Pending Audit | Pending Audit | 10% Max• 5% Daily | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
FunderPro Demand Radartradelocker | Source Verified | Static Floor | 10% Max• 5% Daily | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
Funding Pips Demand RadarcTrader, Match-Trader | Research Verified | Static Floor | 10% Max• 5% Daily | 14 days initial | $32 | Sep 25, 2026 | Full Audit |
Instant Funding Demand Radarctrader, match-trader | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 2, 2026 | Full Audit |
Kortana FX Demand RadarNot verified | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
Ment Funding Demand RadarNot verified | Source Verified | Static Floor | 6% Max• 5% Daily | UNKNOWN | Pricing not verified | Oct 2, 2026 | Full Audit |
MyFundedFutures Demand RadarNot verified | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
PipFarm Demand RadarNot verified | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
RebelsFunding Demand RadarNot verified | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
The5ers Demand RadarMetaTrader 5 (MT5), The5ers Account MetriX Hub | Pending Audit | Pending Audit | Not verified• Not verified | 14 days initial | $39 | Sep 25, 2026 | Full Audit |
Topstep Demand Radartradovate, ninjatrader | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
TradeDay Demand Radartradovate | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 2, 2026 | Full Audit |
Tradeify Demand Radartradovate | Pending Audit | Pending Audit | Not verified• Not verified | UNKNOWN | Pricing not verified | Oct 1, 2026 | Full Audit |
FTMO is a global benchmark proprietary evaluation firm operating from Prague. It offers 2-step simulated evaluations up to $200k, on-demand bi-weekly payouts, and an official 8-to-24-hour payout SLA with a documented 7h 42m practitioner test case.
Funding Pips is a Dubai-based proprietary trading firm established in 2022, renowned for delivering the lowest evaluation challenge fees in the industry alongside raw 0.0 spreads on cTrader and Match-Trader. Features static 10% drawdown on its 2-Step flagship model, zero minimum trading days, and bi-weekly Tuesday payouts.
The5ers (Five Percent Online Ltd) is an established proprietary evaluation firm headquartered in Ra'anana, Israel. It offers three distinct funding programs: High Stakes (2-step evaluation), Bootcamp (low-cost challenge), and Hyper Growth (instant funding). The firm is renowned for its milestone scaling roadmap up to $4,000,000 with profit splits up to 100%.
Detailed Research & Reviews
Full audit reports with live trader feedback and payout benchmarks
Fusion Markets
An in-depth independent analysis of Fusion Markets in 2026. Explore ASIC regulation, industry-lowest $2.25/lot commission, raw 0.0 pip spreads, and cTrader / TradingView platform support.
Funding Pips
Comprehensive 2026 review of Funding Pips prop firm. Discover their 0.0 raw spread trading conditions, 1-step and 2-step evaluation rules, and 5-day payout cadence.
Topstep
Comprehensive 2026 review of Topstep CME Futures Trading Combine. Learn about End-of-Day (EOD) trailing drawdown, 100% of the first $10,000 payout, and NinjaTrader/TradingView integration.
FundedNext
Independent audit profile for FundedNext. Status: Listed (Verification Pending). Primary source snapshot observations from official Terms.
AquaFunded
An independent setup guide and editorial review of AquaFunded — covering account creation, challenge selection, MT4/MT5/cTrader setup, consistency rules, and withdrawal procedures.
Exness
An independent, in-depth analysis of Exness Global Ltd — covering account types, trading costs, regulatory standing, and platform features. This platform is an independent third-party research hub and is not operated by or affiliated with Exness.
Static vs Trailing Drawdown
How to identify dangerous intraday trailing rules that wipe accounts before the first payout.
Read guideConsistency Rule — Why Payouts Get Denied
5 real scenarios where traders hit profit target but get payout rejected due to consistency rule.
Read guidePre-Deposit Audit Checklist
9-point audit checklist before wiring money to any prop firm or broker — free guide.
Get checklist