CFD & forex prop firms.

Two-step, one-step, and instant-funding challenges for traders running discretionary and rule-based strategies on FX majors, indices, and CFDs.

firms ranked
109
Rule and price pages checked for changes (758 firm pages)
Daily

Ranked: CFD / Forex firms 109

Scores reflect rule architecture, payout reliability, cost, platform, and support.

Latest review update: November 2026

Popular filters
109 of 109 firms
  1. 1The 5%ersOne StepTwo StepInstant8.4/10Trustpilot 4.7 · 41.5kUp to 100% splitTradingView, MT5, cTrader · since 2016CodeRead reviewVisit
  2. 2FundedNextOne StepTwo StepInstant8.4/10Trustpilot 4.5 · 74.0kNews trading allowedNo time limitMT5, cTrader, Match Trader +1 · since 2022Up to 41% offRead reviewVisit
  3. 3FXIFYOne StepTwo StepInstant8.4/10Trustpilot 4.3 · 6.6kOn-demand payoutsUp to 100% splitMT5, DXTrade, MT4 +1 · since 202335% offRead reviewVisit
  4. 4SabioTradeOne Step8.1/10No time limit and no minimum trading days55% consistency rule on evaluation daysSabio Traderoom (QuadCode) · since 202130% offRead reviewVisit
  5. 5For TradersOne StepTwo StepInstant8.1/10Trustpilot 4.5 · 254News trading allowedNo time limitcTrader · since 202315% offRead reviewVisit
  6. 6FTMOTwo Step8.0/10Trustpilot 4.8 · 56.0kFee refundedNo consistency ruleMT5, cTrader, MT4 +1 · since 2015No confirmed codeRead reviewVisit
  7. 7E8One StepTwo StepInstant8.0/10Trustpilot 4.3 · 3.3kNo minimum daysUp to 100% splitTradingView · since 202115% offRead reviewVisit
  8. 8Funded Trading PlusOne StepTwo StepInstant8.0/10Trustpilot 4.4 · 2.6kOn-demand payoutsNo minimum daysMT5, cTrader, DXTrade +1 · since 202130% offRead reviewVisit
  9. 9TradersYardOne StepTwo StepInstant8.0/10Trustpilot 4.7 · 66Fee refundedOn-demand payoutsAgenaTrader25% offRead reviewVisit
  10. 10Maven TradingOne StepTwo StepThree StepInstant8.0/10No minimum daysNo consistency ruleMT5, Match-Trader · since 202210% offRead reviewVisit
  11. 11VeloTradeOne StepTwo Step8.0/10Trustpilot 4.2 · 430Weekly payouts after 14 daysNo consistency ruleDXTrade · since 202625% offRead reviewVisit
  12. 12Klein FundingOne StepTwo Step8.0/10Trustpilot 4.9 · 150On-demand payoutsNo minimum days (Cleo and Bybit)Bybit, Cleo · since 202410% offRead reviewVisit
  13. 13Funding PipsOne StepTwo StepInstant7.9/10Trustpilot 4.4 · 72.2kUp to 100% splitMT5, cTrader, MatchTrader +1 · since 202220% offRead reviewVisit
  14. 14GoatFundedTraderOne StepTwo StepInstant7.9/10Trustpilot 4.8 · 5kUp to 100% splitNo consistency ruleTradeLocker · since 202350% offRead reviewVisit
  15. 15Eightcap ChallengesOne StepTwo StepInstant7.9/10Broker-Backed ExecutionNo Time LimitMT4, MT5, TradeLocker +1 · since 202520% off all challengesRead reviewVisit
  16. 16HolaPrimeOne StepTwo StepInstant7.8/10Trustpilot 4.5 · 1kNews trading allowedNo time limitMT5, cTrader, DXTrade +1 · since 202450% offRead reviewVisit
  17. 17RZR FundedOne StepTwo Step7.8/10Trustpilot 4.2 · 643On-demand payoutsNo minimum daysMT5, MT4 · since 202425% offRead reviewVisit
  18. 18The Trading PitOne StepTwo Step7.8/10EOD drawdownNo minimum daysMT5, cTrader, MT4 · since 202240% offRead reviewVisit
  19. 19Blue Guardian CapitalOne StepTwo StepInstant7.8/10Trustpilot 3.9 · 895EOD drawdownNo consistency ruleMT5, TradeLocker, Match Trader · since 202125% offRead reviewVisit
  20. 20City Traders ImperiumOne StepTwo StepInstant7.8/10Trustpilot 4.3 · 1.7kNo daily loss limitUp to 100% splitMT5, Match Trader · since 201915% offRead reviewVisit
  21. 21Funded Trader MarketsOne StepTwo StepInstant7.8/10Trustpilot 3.9 · 463On-demand payoutsTradeLocker, MT5, cTrader · since 202460% offRead reviewVisit
  22. 22FintokeiOne StepTwo Step7.7/10Trustpilot 4.5 · 1.1kNo consistency ruleMT5, cTrader, MT4 · since 202320% offRead reviewVisit
  23. 23Bright FundedOne StepTwo StepInstant7.7/10Trustpilot 4.3 · 500EOD drawdownUp to 100% splitcTrader · since 202340% offRead reviewVisit
  24. 24Axi SelectInstant7.6/10Trustpilot 4.1 · 7.0kStatic drawdownEAs allowedMT4, MT5 · since 2024No confirmed codeRead reviewVisit
  25. 25Lux Trading FirmTwo StepInstant7.6/10Trustpilot 4.4 · 662Fee refundedOn-demand payoutsMT4, MT5, Match-Trader · since 20215% offRead reviewVisit
  26. 26PipFarmOne StepTwo StepInstant7.5/10Trustpilot 4 · 395EAs allowedNews trading allowedcTrader · since 202430% offRead reviewVisit
  27. 27InstantFunding.ioInstant7.5/10Trustpilot 4.6 · 355Fee refundedNo daily loss limitMT5, cTrader, Match Trader · since 202210% offRead reviewVisit
  28. 28PhidiasOne StepTwo Step7.5/10Trustpilot 3.9 · 300No daily loss limitOn-demand payoutsTradovate, NinjaTrader, Rithmic · since 2024Up to 80% offRead reviewVisit
  29. 29Hydra FundingInstant7.5/10No time limitcTrader, DXtrade, PropX · since 202210% offRead reviewVisit
  30. 30BlueBerry FundedOne StepTwo StepInstant7.5/10Trustpilot 3.1 · 1.5kNo consistency ruleMT5, TradeLocker · since 202430% offRead reviewVisit
  31. 31Bem FundingOne StepTwo Step7.5/10Fee refundedNo minimum dayscTrader, DXTrade · since 2024Up to 40% offRead reviewVisit
  32. 32IQ CapitalOne StepInstant7.5/10CFD and futures plans with public size-by-size pricingChoice of Core, Rapid and instant accessMetaTrader 5, VolumetricaCodeRead reviewVisit
  33. 33UpscaleTwo StepOne StepInstant7.5/10Three formats: two-stage, one-stage and instant fundingPublished drawdown, profit-day and withdrawal rulesUpscale browser app, Telegram Mini-App15% offRead reviewVisit
  34. 34NoctorialOne StepTwo Step7.5/10Trustpilot 4.4 · 2kNo minimum daysUp to 100% splitMT5 · since 202215% offRead reviewVisit
  35. 35Papaya FundingOne StepTwo StepInstant7.5/10Trustpilot 4 · 5CFD challenges at $44Launched October 2026DXtrade, cTrader, MatchTrader +1 · since 202620% offRead reviewVisit
  36. 36AudaCityOne StepTwo StepInstant7.4/10Fee refundedNo consistency ruleMT5, DXTrade · since 201235% offRead reviewVisit
  37. 37Capital Mint MarketsOne StepTwo Step7.4/10Trustpilot 4.3 · 14Fee refundedMatch-Trader, MT5 · since 202650% offRead reviewVisit
  38. 38DNA FundedOne StepTwo StepInstant7.4/10Trustpilot 3.6 · 87No minimum daysMT5, TradeLocker · since 202425% offRead reviewVisit
  39. 39Moneta FundedTwo Step7.4/10Trustpilot 4.4 · 53No minimum days (Instant Funding)No time limitMT5 · since 202540% offRead reviewVisit
  40. 40FundYourFXOne StepTwo StepInstant7.4/10Trustpilot 4.7 · 3.6kOn-demand payoutsNo consistency ruleMatch-Trader · since 202160% offRead reviewVisit
  41. 41One FundedOne StepTwo Step7.4/10Trustpilot 4.4 · 221EAs allowedNo time limitcTrader · since 202420% offRead reviewVisit
  42. 42Finotive FundingOne StepTwo StepInstant7.4/10Trustpilot 4.2 · 150On-demand payoutsNo consistency ruleMT5, Match Trader · since 202165% offRead reviewVisit
  43. 43Next Level FundedOne StepTwo Step7.4/10Trustpilot 3.2 · 245Fee refundedOn-demand payoutsTradeLocker · since 2025CodeRead reviewVisit
  44. 44One Stop PropOne StepTwo StepInstant7.4/10Trustpilot 4.1 · 73Fee refundedOn-demand payoutsMatch-Trader, TradingView · since 202440% offRead reviewVisit
  45. 45Tradeify FXOne StepTwo StepInstant7.3/10Three published account pathsClassic uses static maximum drawdownMetaTrader 5CodeRead reviewVisit
  46. 46Rebels FundingOne StepTwo Step7.3/10Trustpilot 4.3 · 2.5kNo minimum daysNo consistency ruleTradingView · since 2023No confirmed codeRead reviewVisit
  47. 47Lark FundingOne StepTwo StepInstant7.3/10Trustpilot 4.4 · 580No consistency ruleMatch-Trader, DXTrade, cTrader · since 2022CodeRead reviewVisit
  48. 48Get Funded NowOne Step7.3/10Trustpilot 4 · 182One-time fee, no subscriptionDrawdown locks at 8% profitMetaTrader 5 · since 2023CodeRead reviewVisit
  49. 49ThinkCapitalOne StepTwo StepThree StepInstant7.3/10Nexus and Bolt from $39No consistency rule on challengesThinkTrader, TradingView · since 202420% offRead reviewVisit
  50. 50The Nomad TraderOne StepTwo Step7.3/10No consistency ruleDXTrade, cTrader, Rithmic · since 2024No confirmed codeRead reviewVisit
  51. 51ForexiveOne StepTwo Step7.3/10Trustpilot 4 · 101Static drawdownNo time limitMT5 · since 202420% offRead reviewVisit
  52. 52Orion FundedOne StepTwo Step7.2/10Trustpilot 4.5 · 1.8kMatch-Trader, MT5 · since 202330% offRead reviewVisit
  53. 53Ment FundingOne StepTwo StepInstant7.2/10Trustpilot 4.9 · 229No minimum daysNo consistency ruleMT4, MT5, cTrader +1 · since 202140% offRead reviewVisit
  54. 54SFX FundedOne StepTwo StepInstant7.2/10Trustpilot 4.2 · 500On-demand payoutsNo minimum daysMatch-Trader, MT5 · since 202355% offRead reviewVisit
  55. 55Paid To TradeOne StepTwo Step7.1/10Trustpilot 4.5 · 500No consistency ruleMatch-Trader · since 202410% offRead reviewVisit
  56. 56Prime BullwavesOne StepTwo Step7.0/10Trustpilot 4.3 · 742Up to 100% split (add-on)EAs allowedMT5 · since 202410% offRead reviewVisit
  57. 57FunderBluOne StepTwo Step7.0/10Trustpilot 2.7 · 68On-demand payoutsUp to 100% splitMT5 · since 202530% offRead reviewVisit
  58. 58Elites FundingOne StepTwo Step7.0/10Trustpilot 4.6 · 250No consistency ruleTradeLocker · since 202315% offRead reviewVisit
  59. 59Sure LeverageOne StepTwo Step7.0/10Trustpilot 3.7 · 1.3kUp to 100% splitTradeLocker · since 202335% offRead reviewVisit
  60. 60FTUKOne StepTwo Step6.9/10Trustpilot 4 · 648On-demand payoutsTradeLocker · since 202130% offRead reviewVisit
  61. 61FunderProOne StepTwo StepInstant6.9/10Trustpilot 3.9 · 1.6kOn-demand payoutscTrader · since 202320% offRead reviewVisit
  62. 62IC FundedOne StepTwo Step6.9/10Trustpilot 4.4 · 60News trading allowedNo time limitMT5, cTrader · since 202445% offRead reviewVisit
  63. 63Space FundedOne StepTwo StepInstant6.9/10Trustpilot 4.2 · 36No consistency ruleMT525% offRead reviewVisit
  64. 64MFA TradersOne StepTwo Step6.9/10Trustpilot 4.3 · 118News trading allowedStatic drawdownMatch-Trader, MT4, TradingView · since 202430% offRead reviewVisit
  65. 65Traders LaunchOne StepTwo Step6.8/10Trustpilot 4.8 · 76No daily loss limitEOD drawdownTradingView, Volumetrica · since 2024No confirmed codeRead reviewVisit
  66. 66AIFOOne StepTwo StepInstant6.8/10MT5, four current models70%–95% model-dependent splitMT5 · since 2025Read reviewVisit
  67. 67Funding TradersOne StepTwo StepInstant6.8/10Trustpilot 4.5 · 2.6kFee refundedNo minimum daysMT5, TradeLocker · since 2022CodeRead reviewVisit
  68. 68AmadeuxOne StepTwo Step6.8/10Trustpilot 4.6 · 180EAs allowedNews trading allowedMT4, MT5No confirmed codeRead reviewVisit
  69. 69Day One FundedTwo StepOne StepInstant6.8/10Genesis 2 Step from $25No time limitDXtrade, MatchTrader, cTrader +1CodeRead reviewVisit
  70. 70Funded By ElevateOne StepTwo StepInstant6.8/10Two Step from $39New in 2026DXtrade, MatchTrader, cTrader +1 · since 2026CodeRead reviewVisit
  71. 71Super FundedOne StepTwo Step6.7/10Trustpilot 4.2 · 80Fee refundedNo consistency ruleTradeLocker · since 202430% offRead reviewVisit
  72. 72Funded FridayTwo StepInstant6.7/10Trailing drawdownNews trading allowedMT4, MT5 · since 202410% offRead reviewVisit
  73. 73PipcyOne Step6.7/10Trustpilot 4.5 · 13No daily loss limitNews trading allowed (Mastery)MT5 · since 202555% offRead reviewVisit
  74. 742FundedOne StepTwo StepInstant6.7/10News trading allowedNo time limitMT5 · since 2025CodeRead reviewVisit
  75. 75Equity EdgeOne StepTwo Step6.6/10Trustpilot 3.3 · 200No time limitMatch-Trader, MT5 · since 202315% offRead reviewVisit
  76. 76W FundedOne StepTwo Step6.6/10Trustpilot 4 · 297No consistency ruleTradingViewNo confirmed codeRead reviewVisit
  77. 77TradeXPropOne StepTwo Step6.6/10Trustpilot 4.7 · 83EAs allowedStatic drawdownMatch-Trader, DXTrade, cTrader · since 2023CodeRead reviewVisit
  78. 78Trio FundedTwo Step6.6/10News trading allowedStatic drawdownMT5 · since 2025No confirmed codeRead reviewVisit
  79. 79Top Trader PrimeOne StepTwo Step6.4/10Trustpilot 4 · 31No consistency ruleMT5CodeRead reviewVisit
  80. 80WeMasterTradeOne StepTwo StepInstant6.3/10Trustpilot 4 · 1.9kDaily payoutsMatch-Trader, MT530% offRead reviewVisit
  81. 81Funded AcademyOne StepTwo Step6.3/10On-demand payoutsNo consistency ruleMT5, cTrader · since 202630% offRead reviewVisit
  82. 82Prop FundersInstantOne StepTwo Step6.1/10Trustpilot 4.4 · 12No Consistency RuleNo Time LimitcTrader, DXTrade, Match Trader · since 202430% off + 100% refund at 1st payoutRead reviewVisit
  83. 83Firewood FundedTwo StepOne StepInstant6.1/10Static balance DDMartingale allowedFireTrader · since 202530% offRead reviewVisit
  84. 84Global Forex FundsOne StepTwo Step6.1/10Trustpilot 4.7 · 100Fee refunded (GFF+)TradeLocker · since 202350% offRead reviewVisit
  85. 85Pinex CapitalTwo Step6.0/10Trustpilot 4 · 89MT5 · since 202560% offRead reviewVisit
  86. 86Prop Number OneOne StepTwo Step6.0/10Trustpilot 3.9 · 923Up to 100% splitcTrader · since 202420% offRead reviewVisit
  87. 87The Concept TradingOne StepTwo Step5.9/10Trustpilot 4.6 · 446No daily loss limit (all but Xtreme)Static drawdownTradeLockerCodeRead reviewVisit
  88. 88Quant TekelOne StepTwo Step5.8/10Trustpilot 4 · 12.8kOn-demand payoutsNo consistency ruleTradeLocker, MT5, cTrader · since 202360% offRead reviewVisit
  89. 89Upside FundingOne StepTwo Step5.7/10Trustpilot 5 · 45No daily loss limitNo consistency ruleSince 202410% offRead reviewVisit
  90. 90Nexira TradeOne StepTwo Step5.6/1015% offRead reviewVisit
  91. 91NYS MarketsOne StepTwo Step5.5/10Trustpilot 3.5 · 2.5kEAs allowedNews trading allowedMatch-Trader, MT5 · since 2015CodeRead reviewVisit
  92. 92Orion Co CapitalOne StepTwo Step5.5/10No confirmed codeRead reviewVisit
  93. 93Quantum FundingOne StepTwo Step5.4/10Trustpilot 4.4 · 59No consistency rulecTrader · since 202425% offRead reviewVisit
  94. 94Alpha Trader FirmOne StepTwo Step5.0/10Trustpilot 4.8 · 350No minimum daysTradeLocker · since 202350% offRead reviewVisit
  95. 95Aqua FundedOne StepTwo StepInstant5.0/10Trustpilot 3 · 1.4kUp to 100% splitMT5, cTrader, TradeLocker +1 · since 2024Up to 50% offRead reviewVisit
  96. 96Clarity TradersInstantOne StepTwo Step5.0/10Instant, 1-Step and 2-Step AccountsRefundable Fee Add-On50% offRead reviewVisit
  97. 97Alpha Capital GroupOne StepTwo Step5.0/10Trustpilot 4.7 · 19.0kOn-demand payoutsMT5, cTrader, DXTrade +1 · since 2022No confirmed codeRead reviewVisit
  98. 98Atlas FundedOne StepTwo Step5.0/10Trustpilot 4.2 · 1.0kFee refundedTradeLocker · since 2024Read reviewVisit
  99. 99Funded EliteOne StepTwo Step5.0/10Trustpilot 4.3 · 173News trading allowedStatic drawdownMatch-Trader, MT5 · since 202320% offRead reviewVisit
  100. 100Pipstone CapitalOne StepTwo StepInstant5.0/10Trustpilot 4.2 · 300On-demand payouts (Instant)Up to 100% splitcTrader · since 20255% offRead reviewVisit
  101. 101TX3One StepTwo Step5.0/10Trustpilot 3.5 · 4.3kEAs allowedNews trading allowedMatch-Trader, MT5 · since 2021No confirmed codeRead reviewVisit
  102. 102Axis FundedOne StepTwo Step5.0/10Trustpilot 4 · 55No consistency ruleMatch-Trader, TradingView, MT5 · since 2024CodeRead reviewVisit
  103. 103AlpineFundedOne StepTwo Step5.0/10Trustpilot 3.6 · 885Up to 100% splitNo consistency ruleMT5, cTrader · since 2024CodeRead reviewVisit
  104. 104CK CapitalOne StepTwo Step5.0/10Trustpilot 4.1 · 348Up to 100% splitNo consistency ruleTradeLocker, MT5 · since 2024No confirmed codeRead reviewVisit
  105. 105Prop NimbusOne StepTwo Step5.0/10Trustpilot 4.3 · 225Up to 100% splitTradeLocker · since 202420% offRead reviewVisit
  106. 106X FundedOne StepTwo StepInstant5.0/10Up to 100% splitNo consistency rulecTrader40% offRead reviewVisit
  107. 107Plutus Trade BaseOne StepTwo StepInstant3.5/10Trustpilot 4.4 · 1.1kOn-demand payoutsNo minimum daysTradeLocker · since 202450% offRead reviewVisit
  108. 108FundedXOne StepTwo Step3.5/10Trustpilot 3.7 · 50Up to 100% splitcTrader · since 202460% offRead reviewVisit
  109. 109Tiger FundedOne StepTwo Step2.0/10Trustpilot 1.5 · 576News trading allowedStatic drawdownMatch-Trader · since 202455% offRead reviewVisit

What is a CFD prop firm?

A CFD prop firm funds your trading account after you pass a paid evaluation. You trade forex, indices, gold and crypto CFDs with the firm’s simulated capital, hit a profit target without breaking the loss limits, and keep 70% to 95% of the profit once funded. Your own money is only ever at risk through the entry fee. This is the largest prop firm category: we track 111 CFD firms, scored and re-audited on a rolling cycle.

Looking to spend less on your evaluation? Our list of cheap prop firm challenges compares verified entry prices, and the Eightcap Challenge coupon code is one of the current broker-run discounts.

How the evaluation works

1. Buy a challengeOne-time fee in most cases, from under $50 to over $1,000 by account size. Many firms refund it with your first payout
2. Hit the profit targetTypically 8% to 10% in Phase 1 and 5% in Phase 2 on two-step models. One-step and instant models trade a higher fee or tighter drawdown for fewer phases
3. Stay inside the loss limitsA daily loss limit, usually 3% to 5%, and a maximum drawdown, usually 6% to 12%. Whether the drawdown is static or trailing matters more than the number
4. Get fundedYou trade the firm’s capital on a simulated feed. Payouts run on cycles from weekly to monthly, most commonly every 14 days
5. Keep your split70% to 95% of profits depending on the firm and scaling plan

What to check before you pay

Static or trailing drawdown?Static measures from your starting balance. Trailing follows your peak and catches traders who are still net positive
Is there a consistency rule?Rules capping your best day at 20% to 40% of total profit delay payouts more often than drawdown breaches do
Is the fee refundable?Many two-step firms return the fee with the first payout. Instant models almost never do
Does the firm have payout evidence?Dated payout reports and third-party trackers beat a star rating. Several firms in this category advertise ratings their own Trustpilot profiles do not support
Who runs it?A named legal entity and jurisdiction is a real signal. Most firms that failed in the 2024 industry reshuffle named neither

Our scoring weights challenge rules, payout reliability and cost at 20% each, platform and support at 15%, and transparency at 10%. Full detail on the methodology page, and firms that stopped operating are documented on the shutdown tracker.

CFD prop firm FAQ

What is a CFD prop firm?
A CFD prop firm gives you a funded trading account after you pass a paid evaluation. You trade forex, indices, metals and crypto CFDs on the firm’s simulated capital rather than your own money. Pass the profit target without breaching the daily loss limit or maximum drawdown and the firm funds you, then pays you a share of the profit, typically 70% to 95%.
How much does a prop firm challenge cost?
Entry fees run from under $50 for the smallest accounts to over $1,000 for $200K challenges. Most $100K two-step challenges price between $400 and $600. Many two-step firms refund the fee with your first payout, so the effective cost for a profitable trader can be zero. Instant funding models charge more and almost never refund.
Are prop firms legit?
The good ones pay reliably and have years of documented payout history; the worst have collapsed owing traders money. Between 80 and 100 prop firms shut down in the 2024 industry reshuffle alone. Before paying, check for a named legal entity, published rules, an independent payout record, and whether the firm’s advertised Trustpilot rating matches its live profile. We track closures on our shutdown page.
What is the difference between a one-step, two-step and instant challenge?
A two-step challenge has two evaluation phases, usually 8-10% then 5% targets, and is the cheapest per dollar of funding. A one-step challenge has a single phase with a higher fee or tighter drawdown. Instant funding skips the evaluation entirely but costs several times more, pays a lower split at first, and the fee is not refundable.
What is a trailing drawdown?
A trailing drawdown follows your account’s peak upward and never resets. On a $100,000 account with a 10% trailing rule, if equity grows to $110,000 the breach level locks at $99,000, so a retrace can close an account that is still in profit from its starting balance. A static drawdown measures from the starting balance only. The drawdown type matters more than the percentage.
Which prop firm has the best profit split?
Published splits in this category run from 70% to 95%, with 80% the most common standard and several firms scaling to 90% or more after consecutive profitable cycles. A high split is worthless without payout reliability, so weigh the split against documented payout history rather than reading it alone.

Compare two firms side by side

Put any two firms in this category next to each other on rules, drawdown, splits, payouts and our full scoring breakdown.

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