TradingIsAJob — not a bet.
Trading is a job.

Is your prop firm on your side — or against you?

Most prop firms earn when you fail. A real prop firm earns only when you win.

Check your prop firm — 7 questions

Prop firm rating: real money or simulation?

Grouped by whose money you trade after you pass. Tap a firm for the full review.

Real prop firms · no paid challenge Broker-dealers trading their own capital. You don't pay to join. Mostly US-only.
1 Kershner TradingUS stocks · Austin / New York US stocks 2001 Professional platform ✓ Yes 7947% verified 2 Bright TradingUS stocks · US & CanadaUS & Canada only US stocks 1992 Professional platform ✓ Yes 7139% verified 3 T3 Trading GroupUS stocks · US residentsUS residents only US stocks & options 2003 Sterling, Lightspeed, RealTick ✓ Yes 6860% verified 4 SMB CapitalUS stocks · New York / Miami US stocks mid-2000s Professional platform ✓ Yes 6843% verified
Real prop firms · paid evaluation first You pay for an evaluation. A pass leads to a live account. Open worldwide.
5 hi2morrowUS stocks · from $99 US stocks 2023 DXtrade ✓ Yes 7387% verified 6 FondexxNYSE stocks · Kyiv US stocks 2016 Sterling, RT, Alpha Trader ✓ Yes 7284% verified
Simulated, but pays out Earns from challenge fees. Pays out, but you trade a simulation.
7 Try2BFundedUS stocks · real or simulated — not confirmedreal or simulated — not confirmed US stocks 2018 Own platform — 4340% verified 8 FundingPipsForex / CFD Forex · CFDs 2022 MT5, cTrader, Match-Trader, TradeLocker — 3392% verified 9 FTMOForex / CFD Forex · CFDs 2015 MT4, MT5, cTrader, DXtrade — 31100% verified 10 FundedNextForex / CFD Forex · CFDs 2022 MT4, MT5, cTrader, Match-Trader — 3195% verified 11 The5ersForex / CFD Forex · CFDs · futures 2016 By programme — 2995% verified 12 Trade The PoolUS stocks US stocks 2021 Own platform — 2985% verified 13 FXIFYForex / CFD Forex · CFDs 2023 MT4, MT5, DXtrade, TradingView — 2575% verified 14 Blue GuardianForex / CFD Forex · CFDs 2021 MT5, TradeLocker, Match-Trader — 2370% verified 15 Alpha Capital GroupForex / CFD Forex · CFDs 2021 — — 2070% verified 16 E8 MarketsFutures / Forex Futures · Forex 2021 NinjaTrader, Tradovate — 1982% verified 17 FunderProForex / CFD Forex · CFDs 2023 MT5, cTrader, TradeLocker — 1975% verified 18 Goat Funded TraderForex / CFD Forex · CFDs 2022 MT5, cTrader, Match-Trader, TradeLocker — 1355% verified
Red flag Unpaid traders or a regulator warning. Do not buy a challenge here.
19 Nexgen ProTrader FundingFutures · closed Oct 2026closed Oct 2026 Futures — — — 2165% verified 20 Bespoke Funding ProgramForex / CFD · FCA warningFCA warning Forex · CFDs 2022 — — 1845% verified 21 True Forex FundsForex / CFD · closed 2024closed 2024 Forex · CFDs 2021 — — 1460% verified 22 The Funded TraderForex / CFD · site offlinesite offline Forex · CFDs 2021 — — 1455% verified 23 Funded EngineerForex / CFD · closed 2024closed 2024 Forex · CFDs — — — 1450% verified

✓ Places in this rating are not for sale. ✓ We only partner with firms that give traders real capital.

Score out of 100 by our methodology. What we could not verify counts as average (50 of 100), so a score can change when a firm publishes more. Firms can send corrections.

Remember the one rule

If you pass the challenge and the firm keeps you on a simulated account, you are trading against the firm.

If it gives you a real account with real money, your profit is its profit — the firm needs you to win.

Two roads into prop trading

Both start with "get funded". They end in very different places. Follow one trader down each road.

Road 1 · Challenge firm: a circle
The firm earns when you fail — so the road brings you back to the start.
① Buy a challenge $100–600 ② Trade it 5% a day of 10% total ③ Fail — like most the fee is the firm's income ④ Buy again and again Even if you pass: "funded" = simulated payout caps rule reviews → back to ① You go round. The firm's income grows. Yours doesn't.
Road 2 · Real prop firm: a staircase
The firm earns only when you win — so it helps you climb.
① Selection your strategy + a risk test ② Real account small daily risk, real market ③ First payouts 50% split for beginners ④ Risk manager + mentors they help you win ⑤ More capital split grows to 65–70% ⑥ A trading career track record, a desk Slower and harder. But every step stays yours.

Honestly: road 2 is harder. Smaller daily risk, slower money, sometimes a move to another city. But it is the only road where your success is good news for the firm.

5 signs to check before you pay

Five things on the firm's own rules page.

1. Daily loss vs. max loss
SIMULATED5% daily on 10% total = half your real risk in a day
REAL PROP1–3% of real capital a day, up to 10% on small accounts
2. Profit split
SIMULATED80–100% on a paid challenge — the firm does not need your profit
REAL PROP50% for beginners, 65–70% for proven traders
3. Funded account in the contract
SIMULATED"Simulated", "demo" or "virtual" — even after you pass
REAL PROPReal account, broker and clearing named
4. Payout rules
SIMULATEDMonthly caps, consistency rules, discretionary reviews
REAL PROPProfit share paid on your results, no cap
5. How you grow
SIMULATEDBuy a bigger challenge
REAL PROPMore capital as your results grow

Latest rule changes

What prop firms changed in their rules, and what it means for you. Updated weekly.

12 Oct 2026 · FTMO 1-Step Challenge: the Best Day rule is replaced by a Consistency rule for orders from 12 October. 12 Oct 2026 · FundedNext Stellar Lite: minimum trading days cut from 5 to 2 per phase; first payout after 10 business days instead of 21 days (10-Day Cycle).
All rule changes →

Your firm isn't listed? Check it yourself.

Six questions from your firm's rules. You don't need to tell us its name. You get: days to blow-up, real capital at risk per day, and how many casino signs it has.

Start the check