• Independent evaluation — not ordered by affiliate payouts
  • Top three: The5%ers, FTMO, Topstep
  • Best Japanese-language support: FinTokei
  • Cheapest entry: FundingPips ($19)

A 2026 ranking only matters if it ignores affiliate payouts and weights the boring stuff: operating history, payout transparency, and regulatory environment. The list below leans on those three criteria, in that order. In practice, the top three positions are stable across most independent evaluations — the disagreements happen in the middle of the table, where younger firms with attractive pricing compete against older firms with steadier records.

Top 8

#FirmFoundedTrustRating
1The5%ers2016Highest4.6
2FTMO2014Highest4.4
3Topstep2012Highest4.2
4FinTokei2022High4.0
5FundingPips2022Medium4.0
6FundedNext2022Medium4.0
7Apex Trader Funding2021High4.0
8Earn2Trade2016High3.9

How the ratings are weighted

The rating is a composite of four factors: operating history (40%), payout transparency (25%), regulatory environment (20%), and trader-facing economics like profit split and rule clarity (15%). Specifically, this weighting punishes firms that look attractive on price but have not yet survived a full economic cycle.

The5%ers (coupon “HZZS4”) → FTMO