The independent, regulation-first guide to prop trading firms

FTMO is a prop-trading evaluation firm founded in 2015 and operated by FTMO s.r.o. in Prague, Czech Republic. It acquired the regulated broker OANDA in 2024. The funded-account product itself is not separately licensed. We have not completed a hands-on evaluation, so we publish no profit split, challenge fee, payout figures or rating until verified on FTMO's own site.

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Topstep is a futures-focused funded-trading firm founded in 2012 (TopstepTrader LLC, Chicago). It is the oldest firm in this comparison and a member of the Futures Industry Association. We have not completed a hands-on evaluation, so we publish no account sizes, profit split, fees, payout figures or rating until verified on Topstep's own site.

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FundedNext is a funded-account firm founded in 2022 and headquartered in the UAE, offering CFD and futures evaluations. Its affiliate terms are reported inconsistently by third-party sources, so we wire no link and quote no rate until confirmed on the firm's own page. We publish no profit split, fees, payout figures or rating until verified.

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Funding Pips is a Dubai-based funded-account firm founded in 2022. It featured in a notable case over MetaQuotes platform access for US clients. We have not completed a hands-on evaluation, so we publish no account sizes, profit split, fees, payout figures or rating until verified on the firm's own site.

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The Funded Trader is a US-based funded-account firm founded in 2021 (Liberty Hill, Texas). It paused and relaunched operations during the 2024 industry disruption, which makes counterparty and continuity risk a first-class consideration. We publish no profit split, fees, payout figures or rating until verified on the firm's own site.

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E8 Markets is a funded-account firm founded in late 2021, based in Dallas, Texas, with an entity in Saint Lucia. We have not completed a hands-on evaluation, so we publish no account sizes, profit split, fees, payout figures or rating until verified on the firm's own site.

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Alpha Capital Group is a UK-based funded-account evaluation firm founded in November 2021 (London). A UK base does not mean the funded-account product is separately FCA-authorised. We publish no profit split, fees, payout figures or rating until verified on the firm's own site.

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Apex Trader Funding is a US-based, futures-focused funded-trading firm using a monthly-subscription evaluation model. Its founding year was not confirmed in our research, so it is left unstated rather than guessed. We publish no account sizes, profit split, fees, payout figures or rating until verified on the firm's own site.

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