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Best prop firms in 2026, graded A+ to F on the terms you sign

Compare the best prop trading firms on what you’ll really pay, the rules that decide pass or fail, and what their contracts say, before you buy a challenge.

36

Firms graded

949

Contract findings

2,323

Prices tracked

Top prop firms by grade

The highest-graded firms across futures, forex and crypto, each with its price after the code and the evidence behind its letter.

Ranked by Grade How we verify & rank

Reviewed prop firms, ranked
Rank Firm Years Platforms Max allocation Assets Price and offer
1 AE Instant funding 1-Step Challenge Forex Orion Funded Years3PlatformsMetaTrader 5Match-TraderMax alloc$200KAssetsForex CFDIndices CFDMetals CFD3 more instrument types: Crypto CFD, Stocks, Commodities CFD Price after code $29.50 $59 -50% cheapest eligible account, $5K NEW50 Copy & visit
What the PFG Grade means One letter per firm, set by our own review of the published evidence, never by the firm. Weighting: payout reliability 25%, rule fairness 20%, trading conditions 20%, company trust 15%, challenge value 15%, support 5%. A B C D F NR Firms cannot pay for a grade or buy placement. NR means we have not assessed the firm. What each letter means PFG grade B+ (Preliminary) 19 contract findings Payouts · every 14 days Terms · 35 rules published Price · 21st-cheapest of 35 Why B+? Read the full review
2 CZ 1-Step Challenge 2-Step Challenge Futures · Forex FTMO Years11PlatformsMetaTrader 5MetaTrader 4TradingViewcTraderTradovateNinjaTraderMax alloc$200KAssetsStocks CFDForex CFDIndices CFD10 more instrument types: Energy CFD, Agriculture CFD, Metals CFD, Crypto CFD, Metals futures, Energy futures, Index futures, Crypto futures, Currency futures, Micros From €79 cheapest account, $10K Read review
What the PFG Grade means One letter per firm, set by our own review of the published evidence, never by the firm. Weighting: payout reliability 25%, rule fairness 20%, trading conditions 20%, company trust 15%, challenge value 15%, support 5%. A B C D F NR Firms cannot pay for a grade or buy placement. NR means we have not assessed the firm. What each letter means PFG grade B+ (Preliminary) 17 contract findings Payouts · on demand Terms · 50 rules published Price · 26th-cheapest of 35 Why B+? Read the full review
3 IT Instant funding 1-Step Challenge Forex FundedElite Years2PlatformsMetaTrader 5Match-TraderMax alloc$400KAssetsForex CFDIndices CFDEnergy CFD3 more instrument types: Metals CFD, Stocks CFD, Crypto CFD Price after code $14.25 $19 -25% cheapest eligible account, $7K ATOM Copy & visit
What the PFG Grade means One letter per firm, set by our own review of the published evidence, never by the firm. Weighting: payout reliability 25%, rule fairness 20%, trading conditions 20%, company trust 15%, challenge value 15%, support 5%. A B C D F NR Firms cannot pay for a grade or buy placement. NR means we have not assessed the firm. What each letter means PFG grade B (Preliminary) 27 contract findings Payouts · every 7 days Terms · 75 rules published Price · 1st-cheapest of 35 Why B? Read the full review
4 1-Step Challenge Crypto Breakout Years3PlatformsBreakout TerminalDXtradeMax alloc$200KAssetsCrypto derivativesIndices derivativesEnergy derivativesMetals derivatives From $20 cheapest account, $5K Read review
What the PFG Grade means One letter per firm, set by our own review of the published evidence, never by the firm. Weighting: payout reliability 25%, rule fairness 20%, trading conditions 20%, company trust 15%, challenge value 15%, support 5%. A B C D F NR Firms cannot pay for a grade or buy placement. NR means we have not assessed the firm. What each letter means PFG grade B (Preliminary) 26 contract findings Payouts · on demand Terms · 18 rules published Price · 8th-cheapest of 35 Why B? Read the full review
5 CR Instant funding 1-Step Challenge Forex City Traders Imperium Years8PlatformsMetaTrader 5Match-TraderMax alloc$100KAssetsForexIndicesCrypto2 more instrument types: Metals, Energy From $29 cheapest account, $2.5K Read review
What the PFG Grade means One letter per firm, set by our own review of the published evidence, never by the firm. Weighting: payout reliability 25%, rule fairness 20%, trading conditions 20%, company trust 15%, challenge value 15%, support 5%. A B C D F NR Firms cannot pay for a grade or buy placement. NR means we have not assessed the firm. What each letter means PFG grade B (Preliminary) 20 contract findings Payouts · every 2 weeks Terms · 49 rules published Price · 10th-cheapest of 35 Why B? Read the full review
6 CA Instant funding 1-Step Challenge Forex Lark Funding Years4PlatformsDXtradecTraderMatch-TraderMax alloc$200KAssetsStocks CFDForex CFDIndices CFD3 more instrument types: Crypto CFD, Metals CFD, Energy CFD From $105 cheapest account, $10K Read review
What the PFG Grade means One letter per firm, set by our own review of the published evidence, never by the firm. Weighting: payout reliability 25%, rule fairness 20%, trading conditions 20%, company trust 15%, challenge value 15%, support 5%. A B C D F NR Firms cannot pay for a grade or buy placement. NR means we have not assessed the firm. What each letter means PFG grade B (Preliminary) 16 contract findings Payouts · every 14 days Terms · 32 rules published Price · 30th-cheapest of 35 Why B? Read the full review
7 US 1-Step Challenge Futures Take Profit Trader Years5PlatformsTradingViewNinjaTraderTradovateBookmapMultiCharts9 more platforms: MotiveWave, Trade Navigator, R | Trader, VolFix, ATAS, Investor/RT, Quantower, Finamark, Jigsaw daytradrMax alloc$150KAssetsIndex futuresCurrency futuresEnergy futures5 more instrument types: Metals futures, Agriculture futures, Interest rate futures, Crypto futures, Micros Price after code $90/mo $150/mo -40% cheapest eligible account, $25K NOFEE40 Copy & visit
What the PFG Grade means One letter per firm, set by our own review of the published evidence, never by the firm. Weighting: payout reliability 25%, rule fairness 20%, trading conditions 20%, company trust 15%, challenge value 15%, support 5%. A B C D F NR Firms cannot pay for a grade or buy placement. NR means we have not assessed the firm. What each letter means PFG grade B (Preliminary) 16 contract findings Payouts · on demand Terms · 16 rules published Price · 32nd-cheapest of 35 Why B? Read the full review
8 KM Instant funding 1-Step Challenge Forex · Crypto Top One Trader Years3PlatformsMetaTrader 5Match-TraderTradeLockerMax alloc$300KAssetsForex CFDIndices CFDMetals CFDCrypto CFD Price after code $28 $94 -70% cheapest eligible account, $5K OCT Copy & visit
What the PFG Grade means One letter per firm, set by our own review of the published evidence, never by the firm. Weighting: payout reliability 25%, rule fairness 20%, trading conditions 20%, company trust 15%, challenge value 15%, support 5%. A B C D F NR Firms cannot pay for a grade or buy placement. NR means we have not assessed the firm. What each letter means PFG grade B- (Preliminary) 17 contract findings Payouts · on demand Terms · 75 rules published Price · 2nd-cheapest of 35 Why B-? Read the full review
9 AE Instant funding 1-Step Challenge Forex Maven Trading Years4PlatformsMetaTrader 5Match-TraderMax alloc$100KAssetsForex CFDIndices CFDMetals CFD3 more instrument types: Energy CFD, Agriculture CFD, Crypto CFD Price after code $37.20 $62 -40% cheapest eligible account, $10K OMO Copy & visit
What the PFG Grade means One letter per firm, set by our own review of the published evidence, never by the firm. Weighting: payout reliability 25%, rule fairness 20%, trading conditions 20%, company trust 15%, challenge value 15%, support 5%. A B C D F NR Firms cannot pay for a grade or buy placement. NR means we have not assessed the firm. What each letter means PFG grade B- (Preliminary) 27 contract findings Payouts · on demand Terms · 59 rules published Price · 3rd-cheapest of 35 Why B-? Read the full review
10 HK Instant funding 1-Step Challenge Forex Goat Funded Trader Years4PlatformsMetaTrader 5cTraderTradeLockerMatch-TraderMax alloc$400KAssetsForexIndices CFDMetals3 more instrument types: Commodities, Stocks, Crypto Price after code $40.70 $74 -45% cheapest eligible account, $5K GFT45 Copy & visit
What the PFG Grade means One letter per firm, set by our own review of the published evidence, never by the firm. Weighting: payout reliability 25%, rule fairness 20%, trading conditions 20%, company trust 15%, challenge value 15%, support 5%. A B C D F NR Firms cannot pay for a grade or buy placement. NR means we have not assessed the firm. What each letter means PFG grade B- (Preliminary) 29 contract findings Payouts · on demand Terms · 48 rules published Price · 5th-cheapest of 35 Why B-? Read the full review

Prices checked

PropFirmGrade earns a commission when you buy through links on this page. Grades are editorial and independent; commissions never change a grade or a rank.

Start with the market you trade

Every firm is graded against the same six-factor rubric, whatever it lets you trade. Pick your market and the list is already ranked.

Futures prop firms

Futures evaluations and funded accounts.

Forex prop firms

Forex, indices and metals: one-step, two-step and instant funding.

Crypto prop firms

Funded crypto trading accounts.

How to choose a prop firm

Before you buy a challenge, check four things in this order: what it will really cost, whether you can pass its rules, whether the firm pays, and who you are really buying from.

Step 1 of 4

What will the challenge cost you?

The advertised fee is where the price starts. Depending on the firm, you can be charged at three more points before your first payout, and each is often printed on a different page:

ChargeWhen you payWhat to check
Entry feeAt checkoutThe price the checkout charges after any code, which is not always the one shown beside the plan
Monthly billingEach monthAt firms that bill monthly: how many months a realistic pass takes, not just the first month’s price
Activation feeAfter you passWhether it is due before you can trade the funded account, and how it scales with size
Add-onsWhen chosenPaid options your strategy needs, such as weekend holding or a faster payout schedule

The prices in our tables are the entry fee after any working code. How we add the rest is set out in the true effective price method.

Compare every challenge in your market, account size by account size:

Can a code lower the fee?

Many firms run a discount code, and some codes skip the most popular account size. Every live code we hold is listed with the price it leaves you paying and its end date where the firm gives one.

Step 2 of 4

Can you pass the challenge?

Hitting the profit target is only half the test. The other half is the set of rules that can close the account before you reach it, and every firm words them differently:

RuleWhat it doesWhat to read for
Maximum lossCloses the account once losses pass a set limitWhether the limit stays fixed or moves up with your profit
Daily loss limitStops trading for the day, or ends the account, after a set lossWhether open trades count, and when the day resets
Consistency ruleCaps how much of your total profit a single day can make upWhether it applies in the challenge, after funding, or both
Time limitsSet a minimum or maximum number of trading daysHow many days count toward a pass, and what happens if you run out of time
Banned strategiesRule out news trading, bots, copy trading or hedging, depending on the firmWhether a breach costs the trade, the profit or the whole account

Each market has its own rulebook, compared firm by firm:

Step 3 of 4

A payout promise is only as strong as the evidence behind it, so the facts we record carry one of four labels:

  • Verified: seen on an account we bought with our own money, with the record on file.
  • Reported: printed in the firm’s own terms, help center or pricing page, and re-read on every data release.
  • Claimed: said in marketing with no rule or contract behind it. Recorded, never used to lift a grade.
  • Refused: we asked and the firm would not answer, which we publish too.

Verified is reserved for our own desk tests, where we buy the challenge with our own money and trade it to a withdrawal. None has been completed yet, so the payout terms we show are reported, read from each firm’s documents.

Step 4 of 4

Who are you really buying from?

The brand on the website is not always the company in the contract. Each review answers three questions from the firm’s own terms:

The company

Which business you actually sign with, and the country it is registered in, where the terms say so.

The court

Where a dispute is heard, and whether the terms ask you to give up group claims.

The fine print

Whether the firm can change the rules, hold back profit or close an account at its own discretion.

Every finding quotes the clause it rests on and the date we read it, and a firm is asked to reply before a serious finding is published.

How is each firm graded?

Every grade starts in the firm’s own documents, not its sales page. The checks above feed six factors with fixed weights, published before any firm is scored: payout reliability 25%, rule fairness 20%, trading conditions 20%, company trust 15%, challenge value 15% and support 5%. The order inside each market follows the grade; whether a firm fits your country, size or platform is what the filters are for.

The weights and where each grade sits today are on one page, with a link to every dated change to the method.

Why trust PropFirmGrade?

PropFirmGrade exists so traders can read what a firm’s contract says, not only what its marketing says, before they buy a challenge. Four things hold for every page on this site:

  1. We read the contract, not the ad. Every grade comes from the firm’s own terms, rules and prices, and each finding is quoted and dated. Here is what our evidence tiers mean.
  2. No firm can buy a grade. Commissions never touch the rubric or the order of a list, and a partner firm can be downgraded like any other. Read our independence policy.
  3. You can see who did the work. The team members behind our reviews, and what each has worked on, are listed in one place: the team behind the reviews.
  4. Mistakes get fixed in public. Report a wrong figure and the fix is logged with its date. See our published corrections policy.

To check any of that for yourself, start with one of these pages:

Questions we get asked

What is a prop firm?

A proprietary trading firm sells you an evaluation. Pass its profit target inside its drawdown and time rules and it gives you a funded account, simulated or live, and pays you a share of the profit you make on it. You risk the evaluation fee, not the account.

What is PropFirmGrade?

An independent review desk for proprietary trading firms. We read the contract a buyer actually signs, check it against what the firm advertises, and publish one evidence-backed letter per firm, from A+ to F. Firms cannot pay for a grade or for placement.

What does the grade mean?

A single letter from A+ to F that summarizes six weighted factors: payout reliability, rule fairness, company trust, challenge value, trading conditions, and support. It is set by our own reading of the firm’s published terms, rules and prices, never by the firm, and it reads Preliminary while payouts and support are still unscored. Every grade links to the evidence behind it.

How do the discount codes work?

Copy the code, follow the link, paste it at the firm’s checkout. The price we show is the price after the code on the cheapest account the code applies to. When a code exists but takes nothing off, we say so rather than show a crossed-out number.

How often is the data re-checked?

Each review shows when its facts were last re-checked. Starting 23 October 2026, we re-read every page we hold from each firm once a month to catch changes. A downgrade publishes as soon as it is confirmed.

Do partnerships affect grades?

No. A grade is set before any partnership exists, and a partner firm can be downgraded like any other. Commissions do not buy a weight, a score or a place in a table. How the site earns is set out at the foot of every page.

Why does every grade say Preliminary?

Because no firm’s payouts have been tested yet. Each grade comes from the firm’s own contracts, rules and prices, read by our team. The label stays until we have bought an account, traded it and withdrawn. The grade can move either way when that test is done.

When you buy through a link on this site we may earn a commission. Commissions never touch the scoring rubric, and grades are set before any partnership exists.