EST. 2026 · A Japan & Global Editorial

Honest, source-cited reviews of the world’s prop trading firms.

More than 80 prop firms closed between 2024 and 2026. We publish neutral, source-cited data on the survivors — their terms, payout track records, and the risks — so you can compare them side by side. No hype, no hidden agenda, no certainty we don't have.

See the ranking Essential reads

EDITORS' SELECTION

Featured prop firms

Selected by operating years, payout track record, and regulatory standing. Reflects the most recent review.

Trust: High

FTMO

Czech Republic (Prague) · ★ 4.7

Profit split: 2-Step 80% (90% via Scaling Plan or Premium Programme); 1-Step 90%
Max funding: Up to $400,000 across 1-Step and 2-Step combined ($2,000,000 with scaling)
Challenge fee: 2-Step €89–€1,080; 1-Step €79–€999 (FTMO quotes fees in EUR). Official sale as of 2026-08-21 — $100K 1-Step €499→€399 (20% off), $100K 2-Step €540→€439

Trust: High

TradeDay

United States (Chicago) · ★ 4.2

Profit split: Tiered (50/50 in the buffer zone, 80/20 above $4,000, 90/10 once funded live)
Max funding: Up to $150,000 (funded account)
Challenge fee: From about $62.5 / month (with discount applied; 50K Intraday Quick Pay example)

Trust: High

Topstep

United States (Chicago) · ★ 4.0

Profit split: 90/10 (accounts predating Jan 12, 2026 keep 100% of first $10,000)
Max funding: Up to $150,000 (Funded Account)
Challenge fee: $49 – $149 / month (subscription)

→ All firms

2026 PILLAR READING LIST

Read before you choose — Essential 16

Over 80 firms shut down between 2024–2026. Sixteen source-cited guides in five parts cover where the industry stands now, how to read the rules, why most evaluations fail, the real cost, and corporate transparency.

Part 1 · Context

Where the industry stands and where regulation is heading

What happened in 2024–2026 and what is changing now.

Part 2 · How it works

Drawdown, funded accounts, futures vs forex

Three reads that turn the numbers in firm terms into practical knowledge.

Part 3 · Decision

Shortlist in 30 minutes, read the terms right

Shortlisting, retroactive rule changes, reading Trustpilot, and more.

Part 4 · Risk and reality

Failure patterns, psychology, pass rates, true cost

What actually happens during an evaluation, and what it really costs.