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Papaya Funding Review 2026

Name: Papaya Funding Prop Firm Review
Item: Papaya Funding
Rating: 6.3
Author: PropFirmReviews.net

6.3 out of 10

CFD and futures prop firm · Simulated accounts via Prop Account, LLC

Checked November 1, 2026 · Next review December 1, 2026

Check offerWe have a code partnership with Papaya Funding and may earn a commission when you buy with code PFR. Visit links go straight to the firm's site, not tracking links.

The short answer

Low entry prices. New firm. No payout record yet.

CFD challenges start at $44 and futures at $129 a month, with the full rule grid published for every size. Papaya launched in October 2026, has no public payout record and runs its evaluations through Prop Account, LLC, so start small and read each plan's payout limits.

See score and confidence limits

Pick your path

Different plans. Different risk.

Published pricing. All plans remain available without JavaScript.

CFD Papaya Two (2-Step)

CFD Papaya One (1-Step)

CFD Papaya Signature (1-Step)

CFD Instant Funding

Futures Papaya Signature

Futures Papaya One

Futures Instant Funding

CFD Papaya Two (2-Step)

Two-step simulated challenge · 80% split

Other fees & limits

$44 ($5K) to $1,219 ($200K), one-time

Risk & eligibility

Other conditions: 10% then 5%; 3% daily loss on balance; 8% static max loss; no consistency rule

Payout schedule

Other payout terms: 80% split;
Payout timing & method: every 14 days;
Other payout terms: minimum 1% of account size; 4 profitable days of at least 0.25% each;
Consistency: no funded consistency rule;
Other payout terms: no buffer; Rise, crypto or store credits

CFD Papaya One (1-Step)

One-step simulated challenge · 90% split

Other fees & limits

$69 ($5K) to $1,059 ($200K), one-time

Risk & eligibility

Other conditions: 12% target; 3% daily loss on balance; 9% static max loss;
Consistency: 50% consistency in evaluation and funded

Payout schedule

Other payout terms: 90% split; first payout after 14 days and 4 profitable days of at least 0.25% each, then every 14 days; minimum 1%;
Consistency: 50% consistency;
Other payout terms: drawdown locks on payout; Rise, crypto or store credits

CFD Papaya Signature (1-Step)

One-step simulated challenge · 85% split

Other fees & limits

$51 ($10K) to $597 ($200K), one-time
no $5K size

Risk & eligibility

Other conditions: 9% target; 3% daily loss on balance; 3% static max loss;
Consistency: 50% consistency on the funded account only

Payout schedule

Other payout terms: 85% split;
Payout timing & method: every 14 days;
Other payout terms: payout cap 3% of balance per request; 14-day withdrawal delay; 50% funded consistency; no buffer; Rise, crypto or store credits

CFD Instant Funding

Instant funding, no evaluation, simulated · 90% split

Other fees & limits

$106 ($5K) to $1,600 ($200K), one-time

Risk & eligibility

Other conditions: 2% daily loss on balance; 5% end-of-day trailing max loss;
Consistency: 18% consistency

Payout schedule

Other payout terms: 90% split;
Payout timing & method: every 14 days;
Other payout terms: minimum 1%; 7 profitable days;
Consistency: 18% consistency;
Other payout terms: 5% non-withdrawable buffer; drawdown locks on payout; Rise, crypto or store credits

Futures Papaya Signature

One-step futures evaluation, monthly · 90% split

Other fees & limits

$129 ($25K) to $349 ($150K) per month

Risk & eligibility

Other conditions: 6% target;
Loss limits: no daily loss limit;
Other conditions: end-of-day trailing max loss of 6% at $25K, 4% at $50K, 3% at $75K and above;
Consistency: 50% consistency;
Other conditions: close positions before the session ends

Payout schedule

Other payout terms: 90% split;
Payout timing & method: every 5 days;
Other payout terms: minimum $500; max 5% per payout up to $75K, 4% at $100K and $150K; non-withdrawable buffer 6% / 4% / 3% by size;
Consistency: 50% consistency;
Other payout terms: up to 5 payouts before a review

Futures Papaya One

One-step futures evaluation, monthly · 90% split

Other fees & limits

$154 ($25K) to $384 ($150K) per month on DXFutures, Volumetrica or Tickblaze
Rithmic $45 more

Risk & eligibility

Other conditions: 6% target;
Loss limits: no daily loss limit;
Other conditions: end-of-day trailing max loss of 6% at $25K, 4% at $50K, 3% at $75K and above;
Consistency: 40% consistency;
Other conditions: close positions before the session ends

Payout schedule

Other payout terms: 90% split;
Payout timing & method: every 5 days;
Other payout terms: minimum $500; 5 profitable days of $100 to $300 by size; max 5% per payout up to $75K, 4% at $100K and $150K; 50% of profit withdrawable overall;
Consistency: 40% consistency;
Other payout terms: up to 5 payouts before a review

Futures Instant Funding

Instant futures account, no evaluation, monthly · 90% split

Other fees & limits

$473 ($25K) to $1,148 ($150K) per month on DXFutures
Rithmic $35 more, other platforms $20 more

Risk & eligibility

Other conditions: 2% daily loss; 4% end-of-day trailing max loss;
Consistency: 20% consistency;
Other conditions: close positions before the session ends

Payout schedule

Other payout terms: 90% split;
Payout timing & method: every 5 days;
Other payout terms: minimum $500; max 5% per payout; 4% non-withdrawable buffer;
Consistency: 20% consistency;
Other payout terms: up to 5 payouts before a review

Our verdict

Papaya Funding is a prop firm for CFD and futures traders that launched in October 2026. It sells four CFD programs with a one-time fee (Papaya Two, Papaya One, Papaya Signature and Instant Funding) and three futures programs billed monthly (Papaya Signature, Papaya One and Instant Funding). CFD challenges start at $44 and futures at $129 a month. [S4, S5, S8]

Papaya does not run the evaluations itself. Its site says it is an affiliate of Prop Account, LLC, a Delaware company that provides the assessments and receives the fees, and funded traders sign a Trader Agreement with Prop Account LC. Papaya names its founder, João Cardoso, but not its own operating company. [S1, S8]

All accounts are simulated. Papaya says it is not a broker, takes no deposits and runs every account in a demo environment. [S1, S7] With one month of history there is no public payout record yet, so this review covers the published rules and prices, not a tested payout.

Papaya Funding in numbers

Account sizes: $5K to $200K
CFD entry fee: $44
Futures entry fee: $129/month
Profit split: 80% to 90%
Daily loss: 2% to 3%
Max loss: 3% to 9%
Payout cycle: 14 days CFD
Launched: October 2026

6 pros, 6 cons

Pros

CFD challenges start at $44 and futures at $129 a month
Four CFD and three futures programs, with instant funding on both sides
The full price and rule grid is published for every account size
CFD positions can be held overnight and over weekends
Futures payouts every 5 days with a 90% split
EAs allowed if they do not exploit pricing errors or latency

Cons

Launched October 2026 with no public payout record
Evaluations and fees go through Prop Account, LLC; Papaya's own operating company is not named
No MT4 or MT5 on the current product pages
CFD Signature has a 3% max loss, a 3% payout cap and a 14-day wait before each withdrawal
Futures Papaya One caps withdrawable profit at 50%, and futures positions must close before the session ends
A hard breach on a funded account forfeits gains unless you bought the Payout Protector add-on, which has no published price

More on Papaya Funding

Rating breakdown

Rule architecture (20%)

6.6

Payout reliability (20%)

5.0

Cost & value (20%)

8.0

Platform & execution (15%)

6.8

Support (10%)

6.0

Transparency (15%)

5.2

Overall score: 6.3/10, weighted with our v2.3 methodology. Papaya scores well on cost and publishes a full rule and price grid, but payout reliability and transparency are held back until the firm has a public payout record and names its own operating company. Checked November 1, 2026; next check December 1, 2026.

Account plans and pricing

Papaya Two at $44 for $5K is the cheapest way in, which puts it among the cheapest prop firm challenges we track. CFD fees are paid once and are the same on all four CFD platforms. Futures plans are monthly subscriptions, and on Papaya One and futures Instant Funding the price depends on the platform: Rithmic costs $45 more a month on Papaya One and $35 more on Instant Funding. [S2, S3, S4, S5]

Papaya Two (CFD)

$5K to $200K

$44 for $5K

2-step · 10% then 5% · 8% static

Papaya Signature (CFD)

$10K to $200K

$51 for $10K

1-step · 9% target · 3% static

Papaya One (CFD)

$5K to $200K

$69 for $5K

1-step · 12% target · 9% static

Instant Funding (CFD)

$5K to $200K

$106 for $5K

No evaluation · 5% EOD trailing

Papaya Signature (futures)

$25K to $150K

$129 a month for $25K

1-step · 6% target · EOD trailing

Papaya One (futures)

$25K to $150K

$154 a month for $25K

1-step · 6% target · EOD trailing

Instant Funding (futures)

$25K to $150K

$473 a month for $25K

No evaluation · 4% EOD trailing

CFD prices (one-time)

Account	Papaya Two	Papaya One	Papaya Signature	Instant Funding
$5,000	$44	$69	-	$106
$10,000	$78	$99	$51	$160
$25,000	$202	$219	$116	$340
$50,000	$338	$319	$181	$448
$100,000	$598	$559	$324	$808
$200,000	$1,219	$1,059	$597	$1,600

Futures prices (per month)

Account	Signature (any platform)	Papaya One (DXFutures, Volumetrica, Tickblaze)	Papaya One (Rithmic)	Instant (DXFutures)	Instant (Rithmic)	Instant (other platform)
$25,000	$129	$154	$199	$473	$508	$493
$50,000	$149	$184	$229	$810	$845	$830
$75,000	$239	$264	$309	$878	$913	$898
$100,000	$309	$344	$389	$945	$980	$965
$150,000	$349	$384	$429	$1,148	$1,183	$1,168

List prices on papayafunding.com on November 1, 2026, before any code. Papaya does not publish reset, retry or activation fees, and the Prop Account terms say purchased services are not refundable. [S1, S10]

CFD challenge rules

All three CFD evaluations use a 3% daily loss measured on balance and a static maximum loss fixed to the starting balance, so it does not trail as the account grows. See trailing versus static drawdown for why that matters. Leverage is 1:50 on every CFD program. Breaking the daily or maximum loss is a hard breach that fails the evaluation or closes the funded account. [S2, S6, S9]

Rule	Papaya Two	Papaya One	Papaya Signature
Steps	2	1	1
Profit target	10%, then 5%	12%	9%
Daily loss	3% of balance	3% of balance	3% of balance
Max loss	8% static	9% static	3% static
Consistency	None	50% in evaluation and funded	None in evaluation, 50% funded
Profitable days before payout	4, each at least 0.25%	4, each at least 0.25%	Not stated
Profit split	80%	90%	85%
Payout cap	None stated	None stated	3% of balance per payout
Withdrawal delay	None	None	14 days before each withdrawal
Drawdown locks on payout	No	Yes	No

Papaya Signature is the strictest CFD plan. A 3% total loss limit leaves very little room, and the 3% payout cap and 14-day delay slow down withdrawals. Papaya does not publish an evaluation time limit or a minimum number of trading days for any CFD program; its homepage only says you can get funded "in as little as 3 trading days". [S1, S2]

Futures challenge rules

Both futures evaluations have a 6% profit target, no daily loss limit and an end-of-day trailing maximum loss that shrinks in percentage terms as the account grows: 6% at $25K, 4% at $50K and 3% at $75K and above. Positions must be closed before the session ends, so there is no overnight holding on futures. [S3, S5, S6]

Rule	Papaya Signature	Papaya One
Profit target	6% ($1,500 to $9,000)	6% ($1,500 to $9,000)
Daily loss	None	None
Max loss (EOD trailing)	$1,500 / $2,000 / $2,250 / $3,000 / $4,500	$1,500 / $2,000 / $2,250 / $3,000 / $4,500
Consistency	50% in evaluation and funded	40% in evaluation and funded
Contracts (standard / micro)	1/10, 3/30, 6/60, 9/90, 12/120 by size	1/10, 3/30, 6/60, 9/90, 12/120 by size
Profitable days before payout	Listed as "to be confirmed" by Papaya	5, with $100 to $300 minimum profit per day by size
Non-withdrawable buffer	6% / 4% / 3% by size	None stated
Max per payout	5% up to $75K, 4% at $100K and $150K	5% up to $75K, 4% at $100K and $150K
Max withdrawable profit	Not stated	50% of profit overall
Platforms	Rithmic, DXFutures, Volumetrica, Tickblaze	Rithmic, DXFutures, Volumetrica, Tickblaze

Papaya One costs more but adds a drawdown lock on payout; Signature is cheaper but holds back a buffer. The 50% cap on withdrawable profit on Papaya One limits how much of a good run you can take out. [S3]

Instant funding rules

Both instant accounts skip the evaluation, so you trade the funded account from day one and pay more for it. [S2, S3]

Rule	CFD Instant Funding	Futures Instant Funding
Price	$106 to $1,600, one-time	$473 to $1,148 a month on DXFutures
Daily loss	2% of balance	2%
Max loss	5% end-of-day trailing	4% end-of-day trailing
Consistency	18%	20%
Profitable days before payout	7	Not stated
Non-withdrawable buffer	5%	4%
Max per payout	Not stated	5%
Profit split	90%	90%

A hard breach on a funded account forfeits accumulated gains unless you bought the Payout Protector add-on. Papaya does not publish what that add-on costs. [S9]

Papaya Funding news trading rule

You can keep a position open through high-impact news, but you cannot open or close a trade from 3 minutes before to 3 minutes after the release. The same rule applies to CFD and futures accounts. Outside that window, news trading is allowed. [S6, S7, S8]

Holding positions through news	Allowed
Opening or closing trades	Not allowed within 3 minutes either side of high-impact news
Which events	High-impact releases; Papaya does not name a calendar source

Payouts

CFD accounts pay every 14 days with a minimum of 1% of the account size, and futures accounts every 5 days with a $500 minimum. The split is 90% on Instant Funding, Papaya One and every futures plan, 85% on CFD Signature and 80% on Papaya Two. Papaya says approved payouts are typically paid within 24 to 48 hours through Rise, crypto or store credits. That is the firm's own claim; we have not seen a payout. [S4, S5, S6, S7]

Profit split	90% on Instant Funding and Papaya One, 85% on CFD Signature, 80% on CFD Papaya Two; 90% on all futures plans
CFD cycle	Every 14 days; minimum 1% of account size
Futures cycle	Every 5 days; minimum $500; up to 5 payouts before a review
First CFD payout	After 14 days, with 4 profitable days of at least 0.25% (Papaya One and Two) or 7 profitable days (Instant)
Methods	Rise (sent to a local bank), crypto or store credits
Processing	Typically 24 to 48 hours after approval (firm claim)
Refunds	Prop Account terms: no refunds on services purchased

[S1, S2, S3, S8, S9, S10]

Trading conditions

CFD accounts run on DXtrade, cTrader, MatchTrader and GooeyPro, and futures accounts on Rithmic, DXFutures, Volumetrica and Tickblaze. Papaya's homepage FAQ code also mentions "MT4/5 (with a license)", but none of the product pages list MetaTrader, so we treat it as not available. [S4, S5, S9]

Instruments	CFD: forex, indices, commodities, metals and crypto. Futures: index futures such as ES and NQ, crude oil and gold, in mini and micro sizes
Leverage	1:50 on all CFD programs
Holding	CFD positions may be held overnight and over weekends; futures positions must close before the session ends
EAs	Allowed, but not to exploit pricing errors or latency, and no third-party strategies sold to pass challenges
Copy trading	Not covered on Papaya's FAQ. The Prop Account terms allow copying only between accounts you own and ban group hedging across accounts
Inactivity	30 days without trading closes the account
Allocation	Up to $1,000,000 per trader across all accounts
Eligibility	18 or older; KYC and a Trader Agreement before a funded account is issued
Restricted countries	Pakistan, Russia, Cuba, Sudan, Somalia, Iran, Lebanon, Syria, Libya and Vietnam. US traders are accepted on CFDs and futures

[S6, S7, S8, S9, S10]

Is Papaya Funding legit?

Papaya Funding is a new brand, not an established firm. It launched in October 2026, and the business behind the evaluations is Prop Account, LLC, which takes the fees, while funded traders sign with Prop Account LC. Papaya names its founder, João Cardoso, but not its own company or address. [S1, S8]

The "Terms & Conditions" link in Papaya's footer goes to a shared Prop Account terms page hosted on dashboardanalytix.com, last updated September 2026. Those terms say traders do not invest actual currency, but also that traders who pass "shall be allocated capital to trade in a live account". Papaya's own pages say every account is simulated. Read the Trader Agreement before relying on either wording. [S10, S7]

On November 1, 2026, Trustpilot showed a TrustScore of 4.0 from 5 reviews and noted that the company has not invited customers recently. The widget on Papaya's homepage shows 4.2. Five reviews say nothing about payouts. We found no public payout proof on any Papaya page. [S11, S1]

Our verdict

Low entry prices and a wide menu of CFD and futures paths make Papaya Funding easy to try. Papaya Two at $44 and futures Signature at $129 a month are cheap, and the full rule grid is public for every size.

It only launched in October 2026, has no public payout record yet and runs its evaluations through Prop Account, LLC. Treat it as a new firm: start with a small account, read each plan's payout limits before you buy, and keep records of every payout request.

Best for

Cost-conscious traders who want a cheap first evaluation (CFD challenges at $44, futures at $129 a month) and traders who want CFDs and futures from one firm with 1-step, 2-step or instant paths.

Avoid if

You want a firm with a payout track record, you need MT4 or MT5, or you want to hold futures positions overnight.

Papaya Funding discount code

Our Papaya Funding code is PFR for 20% off. PropFirmReviews earns a commission when you use it or buy through our link. Confirm the final price before you pay. Papaya's homepage also shows its own November offer, code NOV20 for 20% off; that is the firm's offer, not ours. [S1]

Partner code

PFR

20% off. Check the final price at checkout.

More codes: prop firm discount codes.

Sources and review limits

Papaya Funding's own pages describe its rules; they do not prove payout reliability. We did not buy an account, trade, contact support or test code PFR at checkout. Research checked November 1, 2026.

3 alternatives to Papaya Funding

Firms with a longer record or a feature Papaya does not offer.

Compare more firms in our CFD and forex prop firm rankings and futures prop firm rankings.

8 questions traders ask

Is Papaya Funding legit?

It is a new firm, launched in October 2026, that runs its evaluations through Prop Account, LLC. It publishes clear rules and prices, but it has no public payout record yet, so start small.

Who owns Papaya Funding?

Papaya names João Cardoso as founder and says it is an affiliate of Prop Account, LLC, a Delaware company that runs the evaluations and receives the fees. Papaya's own operating company is not named.

What is the cheapest Papaya Funding challenge?

The $5K CFD Papaya Two at $44, one-time. Code PFR takes 20% off; confirm the final price at checkout. The cheapest futures plan is Papaya Signature at $129 a month for $25K.

How often does Papaya Funding pay out?

Every 14 days on CFD accounts and every 5 days on futures accounts, once the profitable-day and consistency rules for your plan are met.

Does Papaya Funding allow news trading?

You can hold through news, but you cannot open or close trades within 3 minutes either side of a high-impact release.

Can US traders join Papaya Funding?

Yes. Papaya accepts US traders on CFDs and futures.

Does Papaya Funding offer MT5?

Not on its current product pages. CFD accounts use DXtrade, cTrader, MatchTrader or GooeyPro, and futures accounts use Rithmic, DXFutures, Volumetrica or Tickblaze.

Are Papaya Funding accounts real money?

No. Papaya says all accounts are simulated and run in a demo environment, and it takes no deposits.

Check current terms before buying

PropFirmReviews earns a commission when you use code PFR or our link. Read the payout limits for your plan before your first trade.

Visit Papaya Funding

The short answer

Different plans. Different risk.

CFD Papaya Two (2-Step)

Other fees & limits

Risk & eligibility

Payout schedule

CFD Papaya One (1-Step)

Other fees & limits

Risk & eligibility

Payout schedule

CFD Papaya Signature (1-Step)

Other fees & limits

Risk & eligibility

Payout schedule

CFD Instant Funding

Other fees & limits

Risk & eligibility

Payout schedule

Futures Papaya Signature

Other fees & limits

Risk & eligibility

Payout schedule

Futures Papaya One

Other fees & limits

Risk & eligibility

Payout schedule

Futures Instant Funding

Other fees & limits

Risk & eligibility

Payout schedule

Our verdict

Papaya Funding in numbers

6 pros, 6 cons

Pros

Cons

More on Papaya Funding

Rating breakdown

Account plans and pricing

CFD prices (one-time)

Futures prices (per month)

CFD challenge rules

Futures challenge rules

Instant funding rules

Papaya Funding news trading rule

Payouts

Trading conditions

Is Papaya Funding legit?

Our verdict

Papaya Funding discount code

Sources and review limits

3 alternatives to Papaya Funding

Related Reading

8 questions traders ask

Is Papaya Funding legit?

Who owns Papaya Funding?

What is the cheapest Papaya Funding challenge?

How often does Papaya Funding pay out?

Does Papaya Funding allow news trading?

Can US traders join Papaya Funding?

Does Papaya Funding offer MT5?

Are Papaya Funding accounts real money?