Category · CFD / Forex
Two-step, one-step, and instant-funding challenges for traders running discretionary and rule-based strategies on FX majors, indices, and CFDs.
Updated September 2026
Every firm here has been independently tested. Scores reflect rule architecture, payout reliability, cost, platform, and support.
| # | Firm | Score | Since | Features | Platforms | Discount | Links |
|---|---|---|---|---|---|---|---|
| 1 |
One Step
Two Step | 8.5/10
Trustpilot 4.4 · 5.5k | 2023 |
On-demand payouts
Up to 100% split | MT5 DXTrade MT4 TradingView | ||
| 2 |
One Step
Two Step
Instant | 8.4/10
Trustpilot 4.5 · 55.4k | 2022 |
Up to 100% split | MT5 cTrader MatchTrader TradeLocker | ||
| 3 |
One Step
Two Step
Instant | 8.3/10
Trustpilot 4.8 · 31.5k | 2016 |
Up to 100% split | TradingView MT5 cTrader | ||
| 4 |
Two Step | 8.3/10
Trustpilot 4.8 · 44.7k | 2015 |
Fee refunded
No consistency rule | MT5 cTrader DXTrade MT4 | No code | |
| 5 |
One Step
Two Step | 8.2/10
Trustpilot 3.9 · 736 | 2021 |
No minimum days
No consistency rule | QuadCode | ||
| 6 |
One Step
Two Step
Instant | 8/10
Trustpilot 4.5 · 74k | 2022 |
News trading allowed
No time limit | MT5 cTrader Match Trader MT4 | ||
| 7 |
One Step
Two Step
Instant | 8/10
Trustpilot 4.5 · 1k | 2024 |
News trading allowed
No time limit | MT5 cTrader DXTrade TradeLocker | ||
| 8 |
One Step
Two Step | 7.9/10
Trustpilot 4.7 · 19k | 2022 |
On-demand payouts | MT5 cTrader DXTrade TradeLocker | ||
| 9 |
One Step
Two Step
Instant | 7.9/10
Trustpilot 4.3 · 3.3k | 2021 |
No minimum days
Up to 100% split | TradingView | ||
| 10 |
One Step
Two Step | 7.9/10
Trustpilot 4.3 · 5.1k | 2022 |
No minimum days
No consistency rule | MT5 cTrader Match-Trader | ||
| 11 |
One Step
Two Step
Instant | 7.8/10
Trustpilot 4.4 · 2.6k | 2021 |
On-demand payouts
No minimum days
Up to 100% split | MT5 cTrader DXTrade Match Trader | ||
| 12 |
One Step
Two Step
Instant | 7.8/10
Trustpilot 4.8 · 5k | 2023 |
Up to 100% split
No consistency rule | TradeLocker | ||
| 13 |
Instant | 7.8/10
Trustpilot 4.1 · 7k | 2024 |
Static drawdown
EAs allowed | MT4 MT5 | No code | |
| 14 |
One Step
Two Step | 7.8/10
Trustpilot 4.3 · 1.7k | 2019 |
No daily loss limit
Up to 100% split | MT5 Match Trader | ||
| 15 |
One Step
Two Step | 7.8/10
Trustpilot 4.5 · 1.1k | 2023 |
No consistency rule | MT5 cTrader MT4 | ||
| 16 |
One Step
Two Step
Instant | 7.8/10
Trustpilot 4.5 · 254 | 2023 |
News trading allowed
No time limit | cTrader | ||
| 17 |
One Step
Two Step
Instant | 7.8/10
Trustpilot 4.5 · 2.6k | 2022 |
Fee refunded
No minimum days
Up to 100% split | MT5 TradeLocker | ||
| 18 |
One Step
Two Step | 7.8/10
Trustpilot 4.6 · 1.1k | 2023 |
No time limit | MT4 MT5 | No code | |
| 19 |
One Step
Two Step | 7.7/10
Trustpilot 4.7 · 3.6k | 2021 |
On-demand payouts
No consistency rule | Match-Trader | ||
| 20 |
One Step
Two Step | 7.6/10
Trustpilot 4.2 · 643 | 2024 |
On-demand payouts
No minimum days
No consistency rule | MT5 MT4 | ||
| 21 |
One Step
Two Step
Instant | 7.6/10
Trustpilot 4 · 395 | 2024 |
EAs allowed
News trading allowed | cTrader | ||
| 22 |
One Step
Two Step | 7.6/10
Trustpilot 4.6 · 180 | — |
EAs allowed
News trading allowed
Static drawdown | MT4 MT5 | No code | |
| 23 |
One Step
Two Step
Instant | 7.6/10
Trustpilot 3.9 · 895 | 2021 |
EOD drawdown
No consistency rule | MT5 TradeLocker Match Trader | ||
| 24 |
One Step
Two Step | 7.6/10
Trustpilot 4.4 · 525 | 2024 |
On-demand payouts
No consistency rule | Match-Trader MT5 | No code | |
| 25 |
One Step
Two Step | 7.6/10
Trustpilot 4.9 · 150 | 2024 |
On-demand payouts
No minimum days (Cleo and Bybit)
Static drawdown (all but Instant Pro) | Bybit Cleo | ||
| 26 |
One Step
Two Step
Instant | 7.6/10
Trustpilot 4.9 · 229 | 2021 |
No minimum days
No consistency rule | MT4 MT5 cTrader DXTrade | ||
| 27 |
Two Step | 7.5/10
Trustpilot 4.4 · 662 | 2021 |
Fee refunded
On-demand payouts
No minimum days | MT4 MT5 Match-Trader | ||
| 28 |
One Step
Two Step | 7.5/10
Trustpilot 4.3 · 14 | 2026 |
Fee refunded | Match-Trader MT5 | ||
| 29 |
One Step
Two Step
Instant | 7.5/10
Trustpilot 4.4 · 580 | 2022 |
No consistency rule | Match-Trader DXTrade cTrader | No code | |
| 30 |
One Step
Two Step
Instant | 7.4/10
Trustpilot 4.3 · 500 | 2023 |
EOD drawdown
Up to 100% split
No consistency rule | cTrader | ||
| 31 |
One Step
Two Step | 7.4/10
Trustpilot 4.8 · 350 | 2023 |
No minimum days | TradeLocker | ||
| 32 |
One Step
Two Step | 7.4/10
Trustpilot 4.2 · 1k | 2024 |
Fee refunded
No daily loss limit
No minimum days | TradeLocker | No code | |
| 33 |
One Step
Two Step | 7.4/10
Trustpilot 4.6 · 250 | 2023 |
No consistency rule | TradeLocker | ||
| 34 |
One Step
Two Step
Instant | 7.4/10
Trustpilot 4.2 · 150 | 2021 |
On-demand payouts
No consistency rule | MT5 Match Trader | No code | |
| 35 |
One Step
Two Step | 7.4/10
Trustpilot 4.3 · 2.5k | 2023 |
No minimum days
No consistency rule | TradingView | No code | |
| 36 |
One Step
Two Step | 7.3/10
Trustpilot 4.5 · 1.8k | 2023 |
No consistency rule | Match-Trader MT5 | No code | |
| 37 |
One Step
Two Step | 7.2/10
Trustpilot 4.3 · 742 | 2024 |
Up to 100% split (add-on)
EAs allowed
No time limit | MT5 | ||
| 38 |
One Step
Two Step
Instant | 7.2/10
Trustpilot 3.9 · 463 | 2024 |
On-demand payouts | TradeLocker MT5 cTrader | ||
| 39 |
One Step
Two Step
Instant | 7.2/10
Trustpilot 3.6 · 87 | 2024 |
No minimum days | MT5 TradeLocker | ||
| 40 |
One Step
Two Step | 7.2/10
Trustpilot 4.3 · 173 | 2023 |
News trading allowed
Static drawdown
No time limit | Match-Trader MT5 | ||
| 41 |
One Step
Two Step | 7.2/10
Trustpilot 4.4 · 2k | 2022 |
No minimum days
Up to 100% split
No consistency rule | MT5 | ||
| 42 |
One Step
Two Step | 7.2/10
Trustpilot 4.5 · 106 | 2015 |
EAs allowed
News trading allowed
Static drawdown | Match-Trader MT5 | No code | |
| 43 |
One Step
Two Step
Instant | 7.2/10
Trustpilot 4.4 · 1.1k | 2024 |
No daily loss limit
On-demand payouts
No minimum days | TradeLocker | No code | |
| 44 |
One Step
Two Step | 7.2/10
Trustpilot 4.3 · 603 | 2024 |
No consistency rule | MT5 TradingView | ||
| 45 |
One Step
Two Step | 7.2/10
Trustpilot 4.7 · 83 | 2023 |
EAs allowed
Static drawdown
No time limit | Match-Trader DXTrade cTrader | ||
| 46 |
Instant | 7.2/10
Trustpilot 4.6 · 355 | 2022 |
Fee refunded
No daily loss limit
No minimum days | MT5 cTrader Match Trader | ||
| 47 |
One Step
Two Step
Instant | 7.1/10
Trustpilot 4.2 · 300 | 2025 |
On-demand payouts
Up to 100% split
No consistency rule | cTrader | ||
| 48 |
One Step
Two Step | 7.1/10
Trustpilot 4.4 · 221 | 2024 |
EAs allowed
No time limit | cTrader | ||
| 49 |
One Step
Two Step | 7/10 | 2022 |
EOD drawdown
No minimum days | MT5 cTrader MT4 | ||
| 50 |
One Step
Two Step | 7/10
Trustpilot 4 · 648 | 2021 |
On-demand payouts | TradeLocker | ||
| 51 | Master FundersCaution noted: A challenge could not be purchased during our checks on 27 August 2026 and the firm's affiliate link stopped responding. The website is still online and still advertising evaluations. Confirm a challenge is actually purchasable before paying.
One Step
Two Step | 7/10
Trustpilot 4.2 · 32 | 2024 |
On-demand payouts
No minimum days
No consistency rule | Match-Trader TradingView | No code | |
| 52 |
One Step
Two Step | 7/10
Trustpilot 4.3 · 118 | 2024 |
News trading allowed
Static drawdown
No time limit | Match-Trader MT4 TradingView | ||
| 53 |
One Step
Two Step | 7/10
Trustpilot 4.8 · 76 | 2024 |
No daily loss limit
EOD drawdown
No minimum days | TradingView Volumetrica | No code | |
| 54 |
One Step
Two Step | 7/10
Trustpilot 4.2 · 215 | 2024 |
Fee refunded
No minimum days | cTrader DXTrade | No code | |
| 55 |
One Step
Two Step | 7/10
Trustpilot 3.6 · 885 | 2024 |
Up to 100% split
No consistency rule | MT5 cTrader | ||
| 56 |
One Step
Two Step | 7/10
Trustpilot 4.5 · 500 | 2024 |
No consistency rule | Match-Trader | ||
| 57 |
One Step
Two Step | 7/10
Trustpilot 3.9 · 300 | 2024 |
No daily loss limit
On-demand payouts
No minimum days (E2L) | Tradovate NinjaTrader Rithmic | ||
| 58 |
One Step
Two Step | 7/10
Trustpilot 4 · 12.8k | 2023 |
On-demand payouts
No consistency rule | TradeLocker MT5 cTrader | ||
| 59 |
One Step
Two Step
Instant | 7/10
Trustpilot 4.2 · 500 | 2023 |
On-demand payouts
No minimum days
Up to 100% split | Match-Trader MT5 | ||
| 60 |
One Step
Two Step
Instant | 7/10
Trustpilot 4.7 · 66 | — |
Fee refunded
On-demand payouts
No minimum days | AgenaTrader | No code | |
| 61 |
One Step
Two Step
Instant | 7/10
Trustpilot 4.2 · 430 | 2025 |
On-demand payouts
No consistency rule | DXTrade | ||
| 62 |
One Step | 7/10
Trustpilot 4 · 182 | 2023 |
One-time fee, no subscription
Drawdown locks at 8% profit | MetaTrader 5 | ||
| 63 |
One Step | 6.9/10
Trustpilot 4.5 · 13 | 2025 |
No daily loss limit
News trading allowed (Mastery) | MT5 | ||
| 64 |
One Step
Two Step | 6.9/10
Trustpilot 3.9 · 400 | 2025 |
On-demand payouts
Up to 100% split
No consistency rule | MT5 | ||
| 65 |
One Step
Two Step | 6.9/10 | 2026 |
On-demand payouts
No consistency rule | MT5 cTrader | ||
| 66 |
Two Step | 6.9/10
Trustpilot 4.4 · 53 | 2025 |
No minimum days (Instant Funding)
No time limit | MT5 | ||
| 67 |
One Step
Two Step
Instant | 6.9/10
Trustpilot 3 · 1.4k | 2024 |
Up to 100% split | MT5 cTrader TradeLocker Match Trader | ||
| 68 |
One Step
Two Step
Instant | 6.8/10 | 2025 |
Broker-Backed Execution
No Time Limit
Fee Not Refunded | MT4 MT5 TradeLocker TradingView | ||
| 69 |
One Step
Two Step
Instant | 6.8/10 | 2025 |
News trading allowed
No time limit | MT5 | ||
| 70 |
One Step
Two Step | 6.8/10
Trustpilot 4.1 · 348 | 2024 |
Up to 100% split
No consistency rule | TradeLocker MT5 | No code | |
| 71 |
One Step
Two Step | 6.8/10
Trustpilot 3.6 · 1 | 2026 |
Up to 100% split
No consistency rule | TradeLocker | No code | |
| 72 |
One Step
Two Step | 6.8/10
Trustpilot 3.9 · 923 | 2024 |
Up to 100% split | cTrader | No code | |
| 73 |
One Step
Two Step
Instant | 6.8/10
Trustpilot 4 · 3 | 2025 |
Static drawdown
No time limit | Match-Trader TradingView | ||
| 74 |
One Step
Two Step | 6.8/10
Trustpilot 5 · 45 | 2024 |
No daily loss limit
No consistency rule | |||
| 75 |
One Step
Two Step | 6.7/10
Trustpilot 4.6 · 446 | — |
No daily loss limit (all but Xtreme)
Static drawdown
News trading allowed | TradeLocker | ||
| 76 |
One Step
Two Step | 6.7/10
Trustpilot 3.5 · 4.3k | 2021 |
EAs allowed
News trading allowed
No time limit | Match-Trader MT5 | No code | |
| 77 |
One Step
Two Step | 6.6/10
Trustpilot 4 · 55 | 2024 |
No consistency rule | Match-Trader TradingView MT5 | ||
| 78 |
One Step
Two Step | 6.6/10
Trustpilot 3.7 · 50 | 2024 |
Up to 100% split | cTrader | ||
| 79 |
One Step
Two Step | 6.6/10 | 2024 |
No consistency rule | DXTrade cTrader Rithmic | No code | |
| 80 |
One Step
Two Step | 6.6/10 | — | No code | |||
| 81 |
One Step
Two Step | 6.6/10
Trustpilot 4.4 · 59 | 2024 |
No consistency rule | cTrader | ||
| 82 |
One Step
Two Step | 6.6/10
Trustpilot 4 · 31 | — |
No consistency rule | MT5 | ||
| 83 |
One Step
Two Step
Instant | 6.6/10
Trustpilot 3.9 · 1.6k | 2023 |
On-demand payouts | cTrader | ||
| 84 |
One Step
Two Step | 6.5/10 | — |
Fee refunded | Match-Trader DXTrade cTrader | No code | |
| 85 |
One Step
Two Step | 6.5/10
Trustpilot 4.7 · 100 | 2023 |
Fee refunded (GFF+) | TradeLocker | ||
| 86 |
One Step
Two Step | 6.5/10
Trustpilot 4.2 · 80 | 2024 |
Fee refunded
No consistency rule | DXTrade TradeLocker | ||
| 87 |
One Step
Two Step
Three Step
Instant | 6.5/10 | 2026 |
80% base split, 90% via add-on
MT5, five challenge formats
Launched 2026, short track record | MT5 | ||
| 88 |
One Step
Two Step | 6.4/10
Trustpilot 4.4 · 60 | 2024 |
News trading allowed
No time limit | MT5 cTrader | No code | |
| 89 |
One Step
Two Step
Instant | 6.4/10
Trustpilot 4.1 · 73 | 2024 |
Fee refunded
On-demand payouts
Up to 100% split | Match-Trader TradingView | ||
| 90 |
One Step
Two Step | 6.4/10
Trustpilot 4.3 · 225 | 2024 |
Up to 100% split | TradeLocker | ||
| 91 |
One Step
Two Step
Instant | 6.3/10
Trustpilot 3.1 · 1.5k | 2024 |
No consistency rule | MT5 TradeLocker | ||
| 92 |
One Step
Two Step
Instant | 6.3/10
Trustpilot 4.2 · 36 | — |
No consistency rule | MT5 | No code | |
| 93 | Sure LeverageCaution noted: Sure Leverage Funding has no third-party verified payout history, and Prop Firm Match lists it as unlisted for not completing vetting. A disputed $9,225 payout rejection was reported on ForexPeaceArmy and remains unverified. Trader complaints describe a consistent pattern: accounts breached or closed at or near payout eligibility, with rules such as minimum hold time, stop-loss requirements and buffer limits surfacing only at withdrawal, and the dashboard drawdown figure disagreeing with what the firm enforces. Expert advisors are also banned once funded, despite the firm selling an EA-specific challenge.
One Step
Two Step | 6.3/10
Trustpilot 3.7 · 1.3k | 2023 |
Up to 100% split | TradeLocker | ||
| 94 |
One Step
Two Step | 6.2/10
Trustpilot 4 · 297 | — |
No consistency rule | TradingView | No code | |
| 95 |
Two Step | 6.2/10 | 2025 |
News trading allowed
Static drawdown
No time limit
80% base split, up to 90% via paid upgrade | MT5 | No code | |
| 96 |
Instant
One Step
Two Step | 6/10
Trustpilot 4.4 · 12 | 2024 |
No Consistency Rule
No Time Limit
Profit Split Scales to 95% | cTrader DXTrade Match Trader | ||
| 97 |
One Step
Two Step
Instant | 6/10 | — |
Up to 100% split
No consistency rule | cTrader | ||
| 98 |
One Step
Two Step | 6/10
Trustpilot 4 · 426 | 2025 |
Fee refunded
On-demand payouts
Up to 100% split | TradeLocker | ||
| 99 |
One Step
Two Step
Instant | 5.9/10 | 2012 |
Fee refunded
No consistency rule | MT5 DXTrade | ||
| 100 |
One Step
Two Step | 5.9/10
Trustpilot 4 · 101 | 2024 |
Static drawdown
No time limit | MT5 | ||
| 101 |
Two Step
Instant | 5.9/10 | 2024 |
Trailing drawdown
News trading allowed | MT4 MT5 | ||
| 102 |
One Step
Two Step
Instant | 5.8/10
Trustpilot 4 · 1.9k | — |
Daily payouts | Match-Trader MT5 | ||
| 103 | Pinex CapitalCaution noted: A third-party website trust scanner flags the domain, which conflicts with the positive Trustpilot record.
Two Step | 5.7/10
Trustpilot 4 · 89 | 2025 | MT5 | No code | ||
| 104 |
One Step
Two Step | 5.7/10
Trustpilot 3.3 · 200 | 2023 |
No time limit | Match-Trader MT5 | ||
| 105 | Clarity TradersCaution noted: This is a provisional listing. Clarity Traders has not completed our full review, so treat its current rules and pricing as unverified. Trader complaints allege that profitable accounts are denied payouts; we have not independently confirmed them, and the firm publishes no verified payout record.
Instant
One Step
Two Step | 5.6/10 | — |
Instant, 1-Step and 2-Step Accounts
Refundable Fee Add-On | No code | ||
| 106 |
Two Step
One Step
Instant | 5.3/10 | 2025 |
Static balance DD
Martingale allowed | FireTrader | ||
| 107 |
One Step
Two Step | 4.8/10 | — | ||||
| 108 |
One Step
Two Step | 3.8/10
Trustpilot 1.5 · 576 | 2024 |
News trading allowed
Static drawdown
No time limit | Match-Trader | ||
| 109 | Revone TradingCaution noted: Rev One Trading LLC closed in the week before 21 August 2026. Founder Angelo Ciaramello said the firm built a good product but lacked a top platform option, which hurt its ability to scale, and he has moved to CFTC regulated prediction markets. Rev One sold subscription based one step simulated accounts, so there was a live subscriber base at closure, and no statement was made about active subscriptions or outstanding payouts. The website remains reachable and still presents sign-up flows under the name Rev One Flex, so do not purchase. This is the third prop firm tied to Ciaramello to stop operating, after Leveled Up Society and The Funded Trader.
One Step
Two Step | 1/10
Trustpilot 2.1 · 43 | 2026 |
No daily loss limit | A-Trader | No code |
Start here
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.
| 1. Buy a challenge | One-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 target | Typically 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 limits | A 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 funded | You 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 split | 70% to 95% of profits depending on the firm and scaling plan |
| 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.
Common questions
Related reading
Put any two firms in this category next to each other on rules, drawdown, splits, payouts and our full scoring breakdown.
Open the comparison toolDrawdown models, consistency rules and payout gates all differ between the firms above. Our prop trading glossary defines 61 of these terms and shows how many of the 168 firms we track use each one.
Verified entry prices for 28 firms, the cheapest pick in every category, and the cost per $1,000 of funding.
Read the guideWhich firms let you take as long as you need to pass, and which reintroduce a deadline later.
Read the guide