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Category · CFD / Forex

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 reviewed
107
Across all CFD/Forex product tracks
Lowest entry
$49
For a $10k starter challenge
Top split
90%
On scaling plans
Update cycle
30d
Every review re-audited monthly

Updated September 2026

Ranked: cfd / forex firms

Every firm here has been independently tested. Scores reflect rule architecture, payout reliability, cost, platform, and support.

Popular filters
CFD / Forex prop firms, 109 listed
#FirmScoreSinceFeaturesPlatformsDiscountLinks
1
United Kingdom
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
United Arab Emirates
One Step Two Step Instant
8.4/10
Trustpilot 4.5 · 55.4k
2022
Up to 100% split
MT5 cTrader MatchTrader TradeLocker
3
Israel
One Step Two Step Instant
8.3/10
Trustpilot 4.8 · 31.5k
2016
Up to 100% split
TradingView MT5 cTrader
4
Czech Republic
Two Step
8.3/10
Trustpilot 4.8 · 44.7k
2015
Fee refunded No consistency rule
MT5 cTrader DXTrade MT4 No code
5
Ireland
One Step Two Step
8.2/10
Trustpilot 3.9 · 736
2021
No minimum days No consistency rule
QuadCode
6
United Arab Emirates
One Step Two Step Instant
8/10
Trustpilot 4.5 · 74k
2022
News trading allowed No time limit
MT5 cTrader Match Trader MT4
7
Hong Kong
One Step Two Step Instant
8/10
Trustpilot 4.5 · 1k
2024
News trading allowed No time limit
MT5 cTrader DXTrade TradeLocker
8
United Kingdom
One Step Two Step
7.9/10
Trustpilot 4.7 · 19k
2022
On-demand payouts
MT5 cTrader DXTrade TradeLocker
9
United States
One Step Two Step Instant
7.9/10
Trustpilot 4.3 · 3.3k
2021
No minimum days Up to 100% split
TradingView
10
United Arab Emirates
One Step Two Step
7.9/10
Trustpilot 4.3 · 5.1k
2022
No minimum days No consistency rule
MT5 cTrader Match-Trader
11
United Kingdom
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
Hong Kong
One Step Two Step Instant
7.8/10
Trustpilot 4.8 · 5k
2023
Up to 100% split No consistency rule
TradeLocker
13
Australia
Instant
7.8/10
Trustpilot 4.1 · 7k
2024
Static drawdown EAs allowed
MT4 MT5 No code
14
Comoros
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
Czech Republic
One Step Two Step
7.8/10
Trustpilot 4.5 · 1.1k
2023
No consistency rule
MT5 cTrader MT4
16
United Arab Emirates
One Step Two Step Instant
7.8/10
Trustpilot 4.5 · 254
2023
News trading allowed No time limit
cTrader
17
United Arab Emirates
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
Saint Lucia
One Step Two Step
7.8/10
Trustpilot 4.6 · 1.1k
2023
No time limit
MT4 MT5 No code
19
Hong Kong
One Step Two Step
7.7/10
Trustpilot 4.7 · 3.6k
2021
On-demand payouts No consistency rule
Match-Trader
20
Mauritius
One Step Two Step
7.6/10
Trustpilot 4.2 · 643
2024
On-demand payouts No minimum days No consistency rule
MT5 MT4
21
Singapore
One Step Two Step Instant
7.6/10
Trustpilot 4 · 395
2024
EAs allowed News trading allowed
cTrader
22
United States
One Step Two Step
7.6/10
Trustpilot 4.6 · 180
EAs allowed News trading allowed Static drawdown
MT4 MT5 No code
23
United Arab Emirates
One Step Two Step Instant
7.6/10
Trustpilot 3.9 · 895
2021
EOD drawdown No consistency rule
MT5 TradeLocker Match Trader
24
United Arab Emirates
One Step Two Step
7.6/10
Trustpilot 4.4 · 525
2024
On-demand payouts No consistency rule
Match-Trader MT5 No code
25
United Kingdom
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
United States
One Step Two Step Instant
7.6/10
Trustpilot 4.9 · 229
2021
No minimum days No consistency rule
MT4 MT5 cTrader DXTrade
27
United Kingdom
Two Step
7.5/10
Trustpilot 4.4 · 662
2021
Fee refunded On-demand payouts No minimum days
MT4 MT5 Match-Trader
28
United Arab Emirates
One Step Two Step
7.5/10
Trustpilot 4.3 · 14
2026
Fee refunded
Match-Trader MT5
29
Canada
One Step Two Step Instant
7.5/10
Trustpilot 4.4 · 580
2022
No consistency rule
Match-Trader DXTrade cTrader No code
30
United Arab Emirates
One Step Two Step Instant
7.4/10
Trustpilot 4.3 · 500
2023
EOD drawdown Up to 100% split No consistency rule
cTrader
31
United States
One Step Two Step
7.4/10
Trustpilot 4.8 · 350
2023
No minimum days
TradeLocker
32
United Arab Emirates
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
Gibraltar
One Step Two Step
7.4/10
Trustpilot 4.6 · 250
2023
No consistency rule
TradeLocker
34
United Arab Emirates
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
Slovakia
One Step Two Step
7.4/10
Trustpilot 4.3 · 2.5k
2023
No minimum days No consistency rule
TradingView No code
36
United Arab Emirates
One Step Two Step
7.3/10
Trustpilot 4.5 · 1.8k
2023
No consistency rule
Match-Trader MT5 No code
37
Seychelles
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
United Arab Emirates
One Step Two Step Instant
7.2/10
Trustpilot 3.9 · 463
2024
On-demand payouts
TradeLocker MT5 cTrader
39
Australia
One Step Two Step Instant
7.2/10
Trustpilot 3.6 · 87
2024
No minimum days
MT5 TradeLocker
40
Italy
One Step Two Step
7.2/10
Trustpilot 4.3 · 173
2023
News trading allowed Static drawdown No time limit
Match-Trader MT5
41
Saint Lucia
One Step Two Step
7.2/10
Trustpilot 4.4 · 2k
2022
No minimum days Up to 100% split No consistency rule
MT5
42
Hong Kong
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
Cyprus
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
United Kingdom
One Step Two Step
7.2/10
Trustpilot 4.3 · 603
2024
No consistency rule
MT5 TradingView
45
Malaysia
One Step Two Step
7.2/10
Trustpilot 4.7 · 83
2023
EAs allowed Static drawdown No time limit
Match-Trader DXTrade cTrader
46
United Kingdom
Instant
7.2/10
Trustpilot 4.6 · 355
2022
Fee refunded No daily loss limit No minimum days
MT5 cTrader Match Trader
47
United Arab Emirates
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
United Kingdom
One Step Two Step
7.1/10
Trustpilot 4.4 · 221
2024
EAs allowed No time limit
cTrader
49
Liechtenstein
One Step Two Step
7/10
2022
EOD drawdown No minimum days
MT5 cTrader MT4
50
United States
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.
Cyprus
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
Poland
One Step Two Step
7/10
Trustpilot 4.3 · 118
2024
News trading allowed Static drawdown No time limit
Match-Trader MT4 TradingView
53
United States
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
United Arab Emirates
One Step Two Step
7/10
Trustpilot 4.2 · 215
2024
Fee refunded No minimum days
cTrader DXTrade No code
55
Switzerland
One Step Two Step
7/10
Trustpilot 3.6 · 885
2024
Up to 100% split No consistency rule
MT5 cTrader
56
United Arab Emirates
One Step Two Step
7/10
Trustpilot 4.5 · 500
2024
No consistency rule
Match-Trader
57
Gibraltar
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
South Africa
One Step Two Step
7/10
Trustpilot 4 · 12.8k
2023
On-demand payouts No consistency rule
TradeLocker MT5 cTrader
59
United Arab Emirates
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
Austria
One Step Two Step Instant
7/10
Trustpilot 4.7 · 66
Fee refunded On-demand payouts No minimum days
AgenaTrader No code
61
Hong Kong
One Step Two Step Instant
7/10
Trustpilot 4.2 · 430
2025
On-demand payouts No consistency rule
DXTrade
62
United Kingdom
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
United Arab Emirates
One Step Two Step
6.9/10
Trustpilot 3.9 · 400
2025
On-demand payouts Up to 100% split No consistency rule
MT5
65
Saint Lucia
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
United Arab Emirates
One Step Two Step Instant
6.9/10
Trustpilot 3 · 1.4k
2024
Up to 100% split
MT5 cTrader TradeLocker Match Trader
68
Seychelles
One Step Two Step Instant
6.8/10
2025
Broker-Backed Execution No Time Limit Fee Not Refunded
MT4 MT5 TradeLocker TradingView
69
Hong Kong
One Step Two Step Instant
6.8/10
2025
News trading allowed No time limit
MT5
70
United Kingdom
One Step Two Step
6.8/10
Trustpilot 4.1 · 348
2024
Up to 100% split No consistency rule
TradeLocker MT5 No code
71
United Arab Emirates
One Step Two Step
6.8/10
Trustpilot 3.6 · 1
2026
Up to 100% split No consistency rule
TradeLocker No code
72
United Arab Emirates
One Step Two Step
6.8/10
Trustpilot 3.9 · 923
2024
Up to 100% split
cTrader No code
73
United Arab Emirates
One Step Two Step Instant
6.8/10
Trustpilot 4 · 3
2025
Static drawdown No time limit
Match-Trader TradingView
74
Hong Kong
One Step Two Step
6.8/10
Trustpilot 5 · 45
2024
No daily loss limit No consistency rule
75
Australia
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
United States
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
Saint Vincent and the Grenadines
One Step Two Step
6.6/10
Trustpilot 4 · 55
2024
No consistency rule
Match-Trader TradingView MT5
78
United Arab Emirates
One Step Two Step
6.6/10
Trustpilot 3.7 · 50
2024
Up to 100% split
cTrader
79
Barbados
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
Hong Kong
One Step Two Step
6.6/10
Trustpilot 4.4 · 59
2024
No consistency rule
cTrader
82
United States
One Step Two Step
6.6/10
Trustpilot 4 · 31
No consistency rule
MT5
83
Malta
One Step Two Step Instant
6.6/10
Trustpilot 3.9 · 1.6k
2023
On-demand payouts
cTrader
84
United Kingdom
One Step Two Step
6.5/10
Fee refunded
Match-Trader DXTrade cTrader No code
85
United Kingdom
One Step Two Step
6.5/10
Trustpilot 4.7 · 100
2023
Fee refunded (GFF+)
TradeLocker
86
Australia
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
Hong Kong
One Step Two Step
6.4/10
Trustpilot 4.4 · 60
2024
News trading allowed No time limit
MT5 cTrader No code
89
United States
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
Seychelles
One Step Two Step
6.4/10
Trustpilot 4.3 · 225
2024
Up to 100% split
TradeLocker
91
Saint Vincent and the Grenadines
One Step Two Step Instant
6.3/10
Trustpilot 3.1 · 1.5k
2024
No consistency rule
MT5 TradeLocker
92
United States
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.
United Arab Emirates
One Step Two Step
6.3/10
Trustpilot 3.7 · 1.3k
2023
Up to 100% split
TradeLocker
94
Nigeria
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
United Arab Emirates
One Step Two Step Instant
6/10
Up to 100% split No consistency rule
cTrader
98
Australia
One Step Two Step
6/10
Trustpilot 4 · 426
2025
Fee refunded On-demand payouts Up to 100% split
TradeLocker
99
United Kingdom
One Step Two Step Instant
5.9/10
2012
Fee refunded No consistency rule
MT5 DXTrade
100
United Kingdom
One Step Two Step
5.9/10
Trustpilot 4 · 101
2024
Static drawdown No time limit
MT5
101
United States
Two Step Instant
5.9/10
2024
Trailing drawdown News trading allowed
MT4 MT5
102
United Arab Emirates
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
Saint Lucia
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
ID
Two Step One Step Instant
5.3/10
2025
Static balance DD Martingale allowed
FireTrader
107
One Step Two Step
4.8/10
108
United Arab Emirates
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.
United States
One Step Two Step
1/10
Trustpilot 2.1 · 43
2026
No daily loss limit
A-Trader No code
See active discount codes for firms in this table.

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.

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.

CFD / Forex guides

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.

Open the comparison tool

Cheapest CFD and forex entries

Cheapest prop firm challenges in 2026

Verified entry prices for 28 firms, the cheapest pick in every category, and the cost per $1,000 of funding.

Read the guide

Best prop firms with no time limit

Which firms let you take as long as you need to pass, and which reintroduce a deadline later.

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