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
| # | Firm | Score | Since | Features | Platforms | Discount | Links |
|---|---|---|---|---|---|---|---|
| 1 |  One StepTwo Step | 8.5/10 Trustpilot 4.4 · 5.5k | 2023 | On-demand payoutsUp to 100% split | MT5DXTradeMT4+1 | ||
| 2 |  One StepTwo StepInstant | 8.4/10 Trustpilot 4.5 · 55.4k | 2022 | Up to 100% split | MT5cTraderMatchTrader+1 | ||
| 3 |  One StepTwo StepInstant | 8.3/10 Trustpilot 4.8 · 31.5k | 2016 | Up to 100% split | TradingViewMT5cTrader | ||
| 4 |  Two Step | 8.3/10 Trustpilot 4.8 · 44.7k | 2015 | Fee refundedNo consistency rule | MT5cTraderDXTrade+1 | Ask for code | |
| 5 |  One StepTwo Step | 8.2/10 Trustpilot 3.9 · 736 | 2021 | No minimum daysNo consistency rule | QuadCode | ||
| 6 |  One StepTwo StepInstant | 8.0/10 Trustpilot 4.5 · 74.0k | 2022 | News trading allowedNo time limit | MT5cTraderMatch Trader+1 | ||
| 7 |  One StepTwo StepInstant | 8.0/10 Trustpilot 4.5 · 1k | 2024 | News trading allowedNo time limit | MT5cTraderDXTrade+1 | ||
| 8 |  One StepTwo Step | 7.9/10 Trustpilot 4.7 · 19.0k | 2022 | On-demand payouts | MT5cTraderDXTrade+1 | ||
| 9 |  One StepTwo StepInstant | 7.9/10 Trustpilot 4.3 · 3.3k | 2021 | No minimum daysUp to 100% split | TradingView | ||
| 10 |  One StepTwo Step | 7.9/10 Trustpilot 4.3 · 5.1k | 2022 | No minimum daysNo consistency rule | MT5cTraderMatch-Trader | ||
| 11 |  One StepTwo StepInstant | 7.8/10 Trustpilot 4.4 · 2.6k | 2021 | On-demand payoutsNo minimum days | MT5cTraderDXTrade+1 | ||
| 12 |  One StepTwo StepInstant | 7.8/10 Trustpilot 4.8 · 5k | 2023 | Up to 100% splitNo consistency rule | TradeLocker | ||
| 13 |  Instant | 7.8/10 Trustpilot 4.1 · 7.0k | 2024 | Static drawdownEAs allowed | MT4MT5 | Ask for code | |
| 14 |  One StepTwo Step | 7.8/10 Trustpilot 4.3 · 1.7k | 2019 | No daily loss limitUp to 100% split | MT5Match Trader | ||
| 15 |  One StepTwo Step | 7.8/10 Trustpilot 4.5 · 1.1k | 2023 | No consistency rule | MT5cTraderMT4 | ||
| 16 |  One StepTwo StepInstant | 7.8/10 Trustpilot 4.5 · 254 | 2023 | News trading allowedNo time limit | cTrader | ||
| 17 |  One StepTwo StepInstant | 7.8/10 Trustpilot 4.5 · 2.6k | 2022 | Fee refundedNo minimum days | MT5TradeLocker | ||
| 18 |  One StepTwo Step | 7.7/10 Trustpilot 4.7 · 3.6k | 2021 | On-demand payoutsNo consistency rule | Match-Trader | ||
| 19 |  One StepTwo Step | 7.6/10 Trustpilot 4.2 · 643 | 2024 | On-demand payoutsNo minimum days | MT5MT4 | ||
| 20 |  One StepTwo StepInstant | 7.6/10 Trustpilot 4 · 395 | 2024 | EAs allowedNews trading allowed | cTrader | ||
| 21 |  One StepTwo Step | 7.6/10 Trustpilot 4.6 · 180 | EAs allowedNews trading allowed | MT4MT5 | Ask for code | ||
| 22 |  One StepTwo StepInstant | 7.6/10 Trustpilot 3.9 · 895 | 2021 | EOD drawdownNo consistency rule | MT5TradeLockerMatch Trader | ||
| 23 | One StepTwo Step | 7.6/10 Trustpilot 4.4 · 525 | 2024 | On-demand payoutsNo consistency rule | Match-TraderMT5 | Ask for code | |
| 24 |  One StepTwo Step | 7.6/10 Trustpilot 4.9 · 150 | 2024 | On-demand payoutsNo minimum days (Cleo and Bybit) | BybitCleo | ||
| 25 |  One StepTwo StepInstant | 7.6/10 Trustpilot 4.9 · 229 | 2021 | No minimum daysNo consistency rule | MT4MT5cTrader+1 | ||
| 26 |  Two Step | 7.5/10 Trustpilot 4.4 · 662 | 2021 | Fee refundedOn-demand payouts | MT4MT5Match-Trader | ||
| 27 |  One StepTwo Step | 7.5/10 Trustpilot 4.3 · 14 | 2026 | Fee refunded | Match-TraderMT5 | ||
| 28 |  One StepTwo StepInstant | 7.5/10 Trustpilot 4.4 · 580 | 2022 | No consistency rule | Match-TraderDXTradecTrader | Ask for code | |
| 29 |  One StepTwo StepInstant | 7.4/10 Trustpilot 4.3 · 500 | 2023 | EOD drawdownUp to 100% split | cTrader | ||
| 30 |  One StepTwo Step | 7.4/10 Trustpilot 4.8 · 350 | 2023 | No minimum days | TradeLocker | ||
| 31 |  One StepTwo Step | 7.4/10 Trustpilot 4.2 · 1.0k | 2024 | Fee refundedNo daily loss limit | TradeLocker | Ask for code | |
| 32 |  One StepTwo Step | 7.4/10 Trustpilot 4.6 · 250 | 2023 | No consistency rule | TradeLocker | ||
| 33 |  One StepTwo StepInstant | 7.4/10 Trustpilot 4.2 · 150 | 2021 | On-demand payoutsNo consistency rule | MT5Match Trader | Ask for code | |
| 34 |  One StepTwo Step | 7.4/10 Trustpilot 4.3 · 2.5k | 2023 | No minimum daysNo consistency rule | TradingView | Ask for code | |
| 35 |  One StepTwo Step | 7.3/10 Trustpilot 4.5 · 1.8k | 2023 | No consistency rule | Match-TraderMT5 | Ask for code | |
| 36 |  One StepTwo Step | 7.2/10 Trustpilot 4.3 · 742 | 2024 | Up to 100% split (add-on)EAs allowed | MT5 | ||
| 37 |  One StepTwo StepInstant | 7.2/10 Trustpilot 3.9 · 463 | 2024 | On-demand payouts | TradeLockerMT5cTrader | ||
| 38 |  One StepTwo StepInstant | 7.2/10 Trustpilot 3.6 · 87 | 2024 | No minimum days | MT5TradeLocker | ||
| 39 |  One StepTwo Step | 7.2/10 Trustpilot 4.3 · 173 | 2023 | News trading allowedStatic drawdown | Match-TraderMT5 | ||
| 40 |  One StepTwo Step | 7.2/10 Trustpilot 4.4 · 2k | 2022 | No minimum daysUp to 100% split | MT5 | ||
| 41 |  One StepTwo Step | 7.2/10 Trustpilot 4.5 · 106 | 2015 | EAs allowedNews trading allowed | Match-TraderMT5 | Ask for code | |
| 42 |  One StepTwo StepInstant | 7.2/10 Trustpilot 4.4 · 1.1k | 2024 | No daily loss limitOn-demand payouts | TradeLocker | Ask for code | |
| 43 |  One StepTwo Step | 7.2/10 Trustpilot 4.3 · 603 | 2024 | No consistency rule | MT5TradingView | ||
| 44 |  One StepTwo Step | 7.2/10 Trustpilot 4.7 · 83 | 2023 | EAs allowedStatic drawdown | Match-TraderDXTradecTrader | ||
| 45 |  Instant | 7.2/10 Trustpilot 4.6 · 355 | 2022 | Fee refundedNo daily loss limit | MT5cTraderMatch Trader | ||
| 46 |  One StepTwo StepInstant | 7.1/10 Trustpilot 4.2 · 300 | 2025 | On-demand payoutsUp to 100% split | cTrader | ||
| 47 |  One StepTwo Step | 7.1/10 Trustpilot 4.4 · 221 | 2024 | EAs allowedNo time limit | cTrader | ||
| 48 |  One StepTwo Step | 7.0/10 Trustpilot — · 0 | 2022 | EOD drawdownNo minimum days | MT5cTraderMT4 | ||
| 49 |  One StepTwo Step | 7.0/10 Trustpilot 4 · 648 | 2021 | On-demand payouts | TradeLocker | ||
| 50 |  One StepTwo Step | 7.0/10 Trustpilot 4.3 · 118 | 2024 | News trading allowedStatic drawdown | Match-TraderMT4TradingView | ||
| 51 |  One StepTwo Step | 7.0/10 Trustpilot 4.8 · 76 | 2024 | No daily loss limitEOD drawdown | TradingViewVolumetrica | Ask for code | |
| 52 |  One StepTwo Step | 7.0/10 Trustpilot 4.2 · 215 | 2024 | Fee refundedNo minimum days | cTraderDXTrade | Ask for code | |
| 53 |  One StepTwo Step | 7.0/10 Trustpilot 3.6 · 885 | 2024 | Up to 100% splitNo consistency rule | MT5cTrader | ||
| 54 |  One StepTwo Step | 7.0/10 Trustpilot 4.5 · 500 | 2024 | No consistency rule | Match-Trader | ||
| 55 |  One StepTwo Step | 7.0/10 Trustpilot 3.9 · 300 | 2024 | No daily loss limitOn-demand payouts | TradovateNinjaTraderRithmic | ||
| 56 |  One StepTwo Step | 7.0/10 Trustpilot 4 · 12.8k | 2023 | On-demand payoutsNo consistency rule | TradeLockerMT5cTrader | ||
| 57 |  One StepTwo StepInstant | 7.0/10 Trustpilot 4.2 · 500 | 2023 | On-demand payoutsNo minimum days | Match-TraderMT5 | ||
| 58 |  One StepTwo StepInstant | 7.0/10 Trustpilot 4.7 · 66 | Fee refundedOn-demand payouts | AgenaTrader | Ask for code | ||
| 59 |  One StepTwo StepInstant | 7.0/10 Trustpilot 4.2 · 430 | 2025 | On-demand payoutsNo consistency rule | DXTrade | ||
| 60 |  One Step | 7.0/10 Trustpilot 4 · 182 | 2023 | One-time fee, no subscriptionDrawdown locks at 8% profit | MetaTrader 5 | ||
| 61 |  One Step | 6.9/10 Trustpilot 4.5 · 13 | 2025 | No daily loss limitNews trading allowed (Mastery) | MT5 | ||
| 62 |  One StepTwo Step | 6.9/10 Trustpilot 3.9 · 400 | 2025 | On-demand payoutsUp to 100% split | MT5 | ||
| 63 |  One StepTwo Step | 6.9/10 Trustpilot — · 0 | 2026 | On-demand payoutsNo consistency rule | MT5cTrader | ||
| 64 |  Two Step | 6.9/10 Trustpilot 4.4 · 53 | 2025 | No minimum days (Instant Funding)No time limit | MT5 | ||
| 65 |  One StepTwo StepInstant | 6.9/10 Trustpilot 3 · 1.4k | 2024 | Up to 100% split | MT5cTraderTradeLocker+1 | ||
| 66 |  One StepTwo StepInstant | 6.8/10 Trustpilot — · 0 | 2025 | Broker-Backed ExecutionNo Time Limit | MT4MT5TradeLocker+1 | ||
| 67 |  One StepTwo StepInstant | 6.8/10 Trustpilot — · 0 | 2025 | News trading allowedNo time limit | MT5 | ||
| 68 |  One StepTwo Step | 6.8/10 Trustpilot 4.1 · 348 | 2024 | Up to 100% splitNo consistency rule | TradeLockerMT5 | Ask for code | |
| 69 |  One StepTwo Step | 6.8/10 Trustpilot 3.6 · 1 | 2026 | Up to 100% splitNo consistency rule | TradeLocker | Ask for code | |
| 70 |  One StepTwo Step | 6.8/10 Trustpilot 3.9 · 923 | 2024 | Up to 100% split | cTrader | Ask for code | |
| 71 |  One StepTwo StepInstant | 6.8/10 Trustpilot 4 · 3 | 2025 | Static drawdownNo time limit | Match-TraderTradingView | ||
| 72 |  One StepTwo Step | 6.8/10 Trustpilot 5 · 45 | 2024 | No daily loss limitNo consistency rule | |||
| 73 |  One StepTwo Step | 6.7/10 Trustpilot 4.6 · 446 | No daily loss limit (all but Xtreme)Static drawdown | TradeLocker | |||
| 74 |  One StepTwo Step | 6.7/10 Trustpilot 3.5 · 4.3k | 2021 | EAs allowedNews trading allowed | Match-TraderMT5 | Ask for code | |
| 75 |  One StepTwo Step | 6.6/10 Trustpilot 4 · 55 | 2024 | No consistency rule | Match-TraderTradingViewMT5 | ||
| 76 |  One StepTwo Step | 6.6/10 Trustpilot 3.7 · 50 | 2024 | Up to 100% split | cTrader | ||
| 77 | One StepTwo Step | 6.6/10 Trustpilot — · 0 | 2024 | No consistency rule | DXTradecTraderRithmic | Ask for code | |
| 78 |  One StepTwo Step | 6.6/10 Trustpilot — · 0 | Ask for code | ||||
| 79 |  One StepTwo Step | 6.6/10 Trustpilot 4.4 · 59 | 2024 | No consistency rule | cTrader | ||
| 80 |  One StepTwo Step | 6.6/10 Trustpilot 4 · 31 | No consistency rule | MT5 | |||
| 81 |  One StepTwo StepInstant | 6.6/10 Trustpilot 3.9 · 1.6k | 2023 | On-demand payouts | cTrader | ||
| 82 |  One StepTwo Step | 6.5/10 Trustpilot — · 0 | Fee refunded | Match-TraderDXTradecTrader | Ask for code | ||
| 83 |  One StepTwo Step | 6.5/10 Trustpilot 4.7 · 100 | 2023 | Fee refunded (GFF+) | TradeLocker | ||
| 84 |  One StepTwo Step | 6.5/10 Trustpilot 4.2 · 80 | 2024 | Fee refundedNo consistency rule | DXTradeTradeLocker | ||
| 85 |  One StepTwo StepThree StepInstant | 6.5/10 Trustpilot — · 28 | 2026 | 80% base split, 90% via add-onMT5, five challenge formats | MT5 | ||
| 86 |  One StepTwo Step | 6.4/10 Trustpilot 4.4 · 60 | 2024 | News trading allowedNo time limit | MT5cTrader | Ask for code | |
| 87 |  One StepTwo StepInstant | 6.4/10 Trustpilot 4.1 · 73 | 2024 | Fee refundedOn-demand payouts | Match-TraderTradingView | ||
| 88 |  One StepTwo Step | 6.4/10 Trustpilot 4.3 · 225 | 2024 | Up to 100% split | TradeLocker | ||
| 89 |  One StepTwo StepInstant | 6.3/10 Trustpilot 3.1 · 1.5k | 2024 | No consistency rule | MT5TradeLocker | ||
| 90 |  One StepTwo StepInstant | 6.3/10 Trustpilot 4.2 · 36 | No consistency rule | MT5 | Ask for code | ||
| 91 |  One StepTwo Step | 6.3/10 Trustpilot 3.7 · 1.3k | 2023 | Up to 100% split | TradeLocker | ||
| 92 |  One StepTwo Step | 6.2/10 Trustpilot 4 · 297 | No consistency rule | TradingView | Ask for code | ||
| 93 |  Two Step | 6.2/10 Trustpilot — · 0 | 2025 | News trading allowedStatic drawdown | MT5 | Ask for code | |
| 94 |  InstantOne StepTwo Step | 6.0/10 Trustpilot 4.4 · 12 | 2024 | No Consistency RuleNo Time Limit | cTraderDXTradeMatch Trader | ||
| 95 |  One StepTwo StepInstant | 6.0/10 Trustpilot — · 0 | Up to 100% splitNo consistency rule | cTrader | |||
| 96 |  One StepTwo Step | 6.0/10 Trustpilot 4 · 426 | 2025 | Fee refundedOn-demand payouts | TradeLocker | ||
| 97 |  One StepTwo StepInstant | 5.9/10 Trustpilot — · 0 | 2012 | Fee refundedNo consistency rule | MT5DXTrade | ||
| 98 |  One StepTwo Step | 5.9/10 Trustpilot 4 · 101 | 2024 | Static drawdownNo time limit | MT5 | ||
| 99 |  Two StepInstant | 5.9/10 Trustpilot — · 0 | 2024 | Trailing drawdownNews trading allowed | MT4MT5 | ||
| 100 |  One StepTwo StepInstant | 5.8/10 Trustpilot 4 · 1.9k | Daily payouts | Match-TraderMT5 | |||
| 101 |  Two Step | 5.7/10 Trustpilot 4 · 89 | 2025 | MT5 | Ask for code | ||
| 102 |  One StepTwo Step | 5.7/10 Trustpilot 3.3 · 200 | 2023 | No time limit | Match-TraderMT5 | ||
| 103 |  InstantOne StepTwo Step | 5.6/10 Trustpilot — · 0 | Instant, 1-Step and 2-Step AccountsRefundable Fee Add-On | Ask for code | |||
| 104 |  Two StepOne StepInstant | 5.3/10 Trustpilot — · 0 | 2025 | Static balance DDMartingale allowed | FireTrader | ||
| 105 |  One StepTwo Step | 4.8/10 Trustpilot — · 0 | |||||
| 106 |  One StepTwo Step | 3.8/10 Trustpilot 1.5 · 576 | 2024 | News trading allowedStatic drawdown | Match-Trader | ||
| 107 |  One StepTwo Step | 1.0/10 Trustpilot 2.1 · 43 | 2026 | No daily loss limit | A-Trader | Ask for code |
Start here
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 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 |
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.
Common questions
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.
Related reading
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 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.
Looking for a firm that is not in this table? The site index lists every review, comparison, discount code, calculator and guide on PropFirmReviews.net.