Updated 2026 - Compare Top Prop Firms

Compare Top
Prop Trading Firms

We compare the leading prop trading firms side by side - fees, rules, payouts, and real trader reviews. No fluff, just the data you need to decide.

Prop Firm Matrix: The RAW Truth

Side-by-side comparison of the top prop firm offerings. Best values highlighted in green.

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FirmAccount SizesFee RangeDaily DrawdownMax DrawdownProfit TargetMin DaysCommissionPayout MethodsPayout Min
FTMO
FTMO
$10K - $200K$155 - $1,1405%10%10% / 5%108 - 20%Bank, Crypto, Skrill$50
E8 Markets
E8 Markets
$5K - $1M+80% Profit SplitFlexible (Static/Trailing)Varies by plan8% / 5%00%MatchTrader, cTrader, MT5, TradeLocker$50
FundedNext
FundedNext
$5K - $4M90% Profit Split5%10 - 15%8% / 5%50%MT4, MT5, cTrader, DxTrade$50
Funding Pips
Funding Pips
$5K - $200K$39 - $1,1995%10 - 12%8% / 5%35 - 15%+Crypto, Bank, Rise$75
The 5%ers
The 5%ers
$10K - $4M100% Profit Split4%8 - 12%8% / 4%100%MT5, cTrader$100
Blue Guardian
Blue Guardian
$5K - $400K85% Profit Split5%10%8% / 5%100%MT4, MT5, cTrader, DxTrade$100
Alpha Capital Group
Alpha Capital Group
$10K - $200K80% Profit Split5%10%8% / 5%100%Bank, Crypto$100
Exness
Exness
UnlimitedRaw Spreads (0.0 pips)N/AN/A100%00%Bank, Crypto, Skrill, Neteller$10

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Detailed Reviews

Honest breakdowns of each firm - what traders love and what they wish was different.

FTMO

FTMO

4.8

Pros

  • Industry standard with longest track record
  • Multiple payout methods including bank transfer
  • Well-established evaluation process
  • Strong community and educational resources

Cons

  • Higher minimum trading days (10)
  • Commission scales up to 20% for larger accounts
  • Strict consistency rules on scaling plans
Visit FTMO
E8 Markets

E8 Markets

4.3

Pros

  • Customizable drawdowns
  • Balance-based drawdown
  • No time limits
  • cTrader and MatchTrader support

Cons

  • Higher profit targets on some plans
  • Relative drawdown on specific accounts
Visit E8 Markets
FundedNext

FundedNext

4.5

Pros

  • Lowest starting fee at $49
  • Flexible max drawdown up to 15%
  • Crypto-friendly payout options
  • Only 5 minimum trading days

Cons

  • Limited traditional banking options
  • Newer firm with shorter track record
  • Evaluation rules can be complex
Visit FundedNext
Funding Pips

Funding Pips

4

Pros

  • Lowest entry fee at $39
  • Only 3 minimum trading days
  • Competitive commission structure from 5%
  • Multiple payout options including Rise

Cons

  • Higher minimum payout ($75)
  • Max drawdown varies by account type
  • Relatively newer in the industry
Visit Funding Pips
The 5%ers

The 5%ers

4.7

Pros

  • Tighter 4% daily drawdown limit
  • Well-defined scaling program
  • Established reputation in prop trading
  • Rise payout integration

Cons

  • Higher fees on average
  • Commission up to 25% on some plans
  • 10 minimum trading days required
  • $100 minimum payout threshold
Visit The 5%ers
Blue Guardian

Blue Guardian

4

Pros

  • Reasonable commission range (10-15%)
  • Straightforward evaluation rules
  • Good trader support resources

Cons

  • Limited payout methods (no bank transfer)
  • Higher minimum payout at $100
  • 10-day minimum trading period
Visit Blue Guardian
Alpha Capital Group

Alpha Capital Group

4.2

Pros

  • Industry-leading 80% profit split
  • Scalable up to $2M capital
  • Zero commission on all trades
  • Institutional-grade spreads

Cons

  • Higher minimum trading days (10)
  • Limited track record compared to older firms
  • Fewer payout options
Visit Alpha Capital Group
Exness

Exness

4.8

Pros

  • Trade with 1:Unlimited leverage
  • Instant 24/7 withdrawals
  • No minimum trading days
  • Institutional-grade spreads from 0.0 pips

Cons

  • Not a prop firm (no funded challenge)
  • Risk of real capital loss
  • Requires self-discipline (no rules enforced)
Visit Exness

Compare Top Prop Trading Firms

See how Professional Brokerage stacks up against prop firm competition in head-to-head comparisons.

The Hidden Truth of Prop Trading vs. Raw Brokerage

Before you pay for a prop firm challenge, understand what you are really signing up for - and the alternative that puts you in control.

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The Prop Firm Trap

Drawdown Traps

Arbitrary daily and max drawdown limits that can blow your account on a single market spike. One bad candle and months of work is wiped out, even if you are profitable overall.

Heavy Restrictions

Banned news trading, strict consistency rules, weekend holding blocks, and limits on your trading style. You are forced to trade their way, not your way.

No Ownership

You are trading on a demo environment - you never own the account or the equity. Payouts are gated by arbitrary rules designed to keep your capital locked in.

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Direct Brokerage Advantage

1:Unlimited Leverage

Trade with 1:Unlimited leverage from one of the world's largest and most trusted brokers. Prop firms cap you at 1:10-1:30, but we give you full flexibility with no artificial limits on your trading potential.

Instant Withdrawals

24/7 instant cashouts directly to your bank account. While prop firms make you wait 14-30 days for payout approval, you get your money instantly with no waiting cycles.

100% Profit Ownership

Keep 100% of everything you earn. Zero profit split, zero commission tiers. Your gains are entirely yours - no one takes a cut.

No Arbitrary Rules

Trade news, hold over weekends, use any strategy you want. No daily drawdown limits, no minimum trading days, no consistency rules - just pure trading freedom.

Ready to Start Trading?

Skip the challenges, keep 100% of your profits, and trade on your own terms with a raw spread account.

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Trading financial instruments involves high risk. Prop firm challenges are simulated evaluation environments and do not represent real-money trading unless explicitly stated. Always practice proper risk controls.