Best prop firms 2026.
Compare 41 firms · Live discount codes · Drawdown rules · Payout splits · Trustpilot ratings
Compare 41 prop firms on price, drawdown, payout, Trustpilot ratings, and rules. Plus actual smart-play tips per firm — which model has the best ROI, where the rules are weakest, what to avoid.
Top picks for 2026
Curated for specific trader profiles — not just the firms with the biggest budgets.
FundingPips
Cheapest path to live capital with biweekly 80% payouts and zero consistency rule. The 2-Step Standard at $50k delivers 4.8pp DD buffer for $289.
Goat Funded Trader
FIRSTGFT promo brings 2-Step $50k down to $169 — cheapest funded route via promo. Zero consistency rule, 95% payout split available.
FundedNext
Stellar 2-Step has zero consistency rule + clean 10% static drawdown — perfect for strategies with occasional outsized winners that other firms penalize.
New to prop firms?
Skip the 41-firm overload. Start with one of these — the cheapest, friendliest entry points.
Goat Funded Trader
Use code FIRSTGFT for 50% off. No consistency rule. Fast 95% payouts.
FundingPips
Trusted by 4,000+ funded traders. 10% drawdown buffer. Biweekly 80% payouts with no consistency rule.
See FundingPips →Instant Funding
Use code LEGEND40 for 40% off Micros. Test setups before scaling.
These are starting points only — not endorsements. Each firm has different rules; review before buying.
Live discount codes
Public campaign codes from email + firm sites. Updated continuously.
Compare every prop firm
Click any row to expand and see smart-play tip, rules, pricing, and Trustpilot reviews.
Educational notes, per firm
Model-specific observations about each firm's rules and mechanics. Educational information only — not trading or investment advice.
Prop firm glossary
Common terms decoded. If you've ever wondered what "trailing DD" or "consistency rule" actually mean — start here.
- Maximum drawdown (max DD)
- The largest loss your account can take from peak equity (or starting balance) before the firm closes it. Usually 6-15%. Lower = stricter.
- Daily drawdown
- The maximum loss allowed in a single trading day. Typically 3-5%. Hit it and the account is breached even if your overall DD is fine.
- Static vs trailing drawdown
- Static = breach line stays fixed from starting balance. Trailing = breach line moves up as your equity grows, so giving back unrealized profit can blow you up.
- Profit target
- The percentage gain you need to hit to pass a phase. Usually 8-10% on Phase 1 of a 2-step, 5% on Phase 2, or 10% on a 1-step.
- Consistency rule
- Caps your single best day at X% of total profit (typically 30-50%). Stops one outsized winner from carrying the account. Some firms have none — friendlier for big-winner strategies.
- Payout split
- Your share of the trading profits. Industry ranges from 75-100%. Higher splits often come with stricter rules or scaling requirements.
- EA / Expert Advisor
- Automated trading bot, typically on MT4/MT5/cTrader. Most firms allow self-developed EAs but ban third-party / commercial ones.
- Minimum hold time
- The shortest a position can be open and still count toward profits. Designed to stop tick-scalping. Usually 60s-2min.
- News rule / news buffer
- Restricts trading around high-impact news (NFP, CPI, FOMC). Typically 2-5 minutes before/after. Can void profits if violated.
- Scaling plan
- How your account size grows with consistent payouts. Some firms double the account every 6% gain; others require 2-3 successful months.
- 1-step vs 2-step vs Instant
- Number of evaluation phases before funding. 1-step = single eval. 2-step = Phase 1 + Phase 2 (looser per-phase rules but more time). Instant = skip eval entirely (pay more upfront, strictest rules).
- Refund / fee return
- Some firms refund your evaluation fee on first payout (FundedNext is famous for this). Effectively makes the eval cost zero if you pass.
Frequently asked questions
Common questions about prop firms — answered straight.
What's the difference between 1-step, 2-step, and Instant funding?
What is "trailing drawdown" and why does it matter?
What's a "consistency rule" and how does it kill payouts?
Are EAs (expert advisors / bots) allowed?
How do I pick the right firm for my strategy?
Are these prices accurate?
About PropfirmDeals
PropfirmDeals is an independent prop firm comparison site. We track 41+ firms and update rules, pricing, and discount codes continuously based on email subscriptions to firm newsletters and direct website monitoring.
Affiliate relationships: PropfirmDeals partners with select firms (currently 14 of the 41 listed) and may earn a commission when you sign up through our links. This does not affect your pricing. We do not adjust the order of firms based on commission rates — verified affiliate firms and non-affiliate firms appear in the same comparison sorted by tier and Trustpilot rating.
Data accuracy: Firm rules and pricing change frequently. Trustpilot ratings displayed are estimates from our research, not live-fetched. Always verify current information on the firm's official site before purchasing a challenge.
Not financial advice: Content on this site (including "smart play tips", "best for" tags, and tier ratings) is informational and educational only. We are not a regulated financial advisor. Trading prop firm challenges involves risk of capital loss. Consult a licensed advisor before making trading decisions.
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Trading risk. Prop firm challenges involve risk of total capital loss. Most traders fail. Past performance is not indicative of future results. Discount codes and promotions are time-limited and subject to firm terms.
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Data accuracy. Rules, pricing, and Trustpilot ratings are best-effort estimates from our research. They are not live-fetched from official sources. Verify on the firm's official site before purchase.