Prop firm evaluations in 2026: prices and rules

What we collected

On 27 September 2026 we read the pricing pages, rule pages and help centres of 12 funded-trader firms: Alpha Futures, Apex Trader Funding, Breakout, FTMO, FundedNext, FundingPips, Lucid Trading, MyFundedFutures, Take Profit Trader, The5ers, Topstep and Tradeify. MyFundedFutures' site also points to challenges from MyFunded Perpetuals, which it says is a separate company. On 1 October 2026 we read the pages of 20 more firms the same way: Bitfunded, Blue Guardian, Bulenox, Crypto Fund Trader, E8 Markets, Earn2Trade, Elite Trader Funding, Funded Futures Network, Funded Trading Plus, FunderPro, FXIFY, Goat Funded Trader, HyroTrader, Instant Funding, Leeloo Trading, Maven Trading, Phidias Propfirm, Top One Futures, TradeDay and Velotrade. That puts 33 firms in the table.

Each row is one plan at one account size. Where a firm sells a plan in several versions, for example with or without a daily loss limit, each version gets its own row. Every row links to the firm's page we took the price from and carries the date we checked it.

The table has 953 rows: 370 futures plans, 395 forex and CFD plans, 178 crypto plans and 10 plans on prediction markets. On the day we checked, 881 were on sale. The rest are limited-time offers, plans sold by invitation, products a firm no longer sells or hasn't started selling, funded stages that can't be bought, and sizes a firm lists without selling.

All prices are list prices, the price a firm shows before any coupon code. Codes on the firms' pages took 10% to 90% off, and they come and go too quickly to compare. Where one of the first 12 firms showed a sale price that needed no code, we recorded the price shown. For the firms added in October we recorded the price before any sale, with or without a code.

FTMO prices its CFD challenges in euros and Instant Funding sells some accounts in South African rand. Those rows are marked EUR or ZAR, and a rand account's size goes in the variant column. Lucid Trading showed its reset prices only with a coupon applied, so Lucid's resets are blank. Funded Trading Plus blocked our requests on 1 October 2026, so most of its prices come from Internet Archive copies of its pages from July and September 2026, and those rows link to the copies.

On 30 September 2026 we checked the $50K list prices at Alpha Futures, FTMO, FundedNext, MyFundedFutures, Topstep and Tradeify again. They matched, except for MyFundedFutures' Pro plan, whose page showed $227 while its checkout data still listed $265; we kept $265. The 18 rows that matched carry the later date.

The $50K futures evaluation

Of the 33 firms, 23 sell US futures evaluations, and all 23 offer a $50K account, so we compare plans at that size. There are 78 of them once we leave out 11 plans that start funded with no evaluation, such as Alpha Futures Direct, Bulenox Fast Track and Tradeify Lightning Funded; limited-time plans at Apex and Leeloo Trading; Leeloo's bundle of three accounts sold for one price; and Take Profit Trader's two funded stages, which aren't sold.

Rule	What the 78 plans set
Profit target	6% ($3,000) on 68 plans. Six ask for 8% (Alpha Futures Advanced, Elite Trader Funding Static, and both versions of Phidias Propfirm's Fundamental and Premium), FXIFY Futures Expert asks for 7%, and three ask for 5% (FundedNext Futures Flex and both versions of Phidias' Express to Live).
Maximum loss	4% ($2,000) on 61 plans. Eight allow 5% (Bulenox Qualification, FXIFY Futures Expert, Leeloo Trading Foundation, and Phidias' Fundamental and Premium). The rest run from 1.3% on Phidias' Express to Live to 6% on FTMO Futures Pro.
How the loss limit moves	It trails the account's high on 75: at the end of the day on 66, and intraday on 9 (Apex's two Intraday Trail plans, LucidDaily's two intraday options, the trailing-drawdown versions of Bulenox's two plans, Elite Trader Funding 1-Step, Leeloo Trading Foundation and TradeDay Quick Pay's intraday option). A static limit applies on 3: Elite Trader Funding's Static plan and both versions of Phidias' Express to Live.
Minimum trading days	35 plans set no minimum and 13 set one day. Two to five days are needed on 20, and 10 on Leeloo Trading Foundation. Funded Futures Network counts only winning days of at least $150 at this size. We found no stated minimum for Blue Guardian's Reserve and Express options, FundedNext Futures Flex and Legacy, and Goat Funded Trader Daily Payouts.
Consistency rule	47 plans cap the share of profit that one day can make up during the evaluation, at a median of 40% (from 30% to 55%). 23 apply a cap only when you ask for a payout, 6 have none (Elite Trader Funding's three plans, FundedNext Futures Rapid Daily and Phidias' Express to Live), and Bulenox doesn't say for its Qualification plan.
Profit split	90% on 42 plans, 80% on 24, 100% on 7 (Apex's four and Elite Trader Funding's three), 75% on 2 (Phidias Premium), 50% on 2 (TradeDay Quick Pay, which pays 80% on profit above $4,000) and 95% on 1 (FundedNext Futures Flex).
Funded account	The firm says it is simulated on 69 plans. LucidMaxx, sold by invitation only, moves traders who pass to live capital. Bulenox and The5ers don't say for these plans, and Earn2Trade's funded account can be simulated or live.

A trailing limit follows the account's high up and never comes back down, so profit that is given back eats into the room left. Our page on how a trailing drawdown works walks through a $50K example.

What evaluations cost

Of the 78 plans at $50K, 50 charge once and 28 bill monthly.

Fee	Plans	Median	Range
One-time fee, list price	50	$186	$100 to $1,190
Monthly subscription, list price	28	$162 a month	$49 to $497 a month
Activation fee, where charged	21	Not calculated	$59 to $250
Reset, where a price is listed	50	$99.50	$35 to $265

Monthly billing covers some or all of these plans at 13 firms: Alpha Futures, Earn2Trade, Elite Trader Funding, FTMO, FXIFY, Funded Futures Network, FunderPro, Leeloo Trading, Phidias Propfirm, Take Profit Trader, Top One Futures, Topstep and TradeDay. The fee recurs until you pass or cancel. Both counts are even, so each median is the average of the two middle prices: $180 and $192 for one-time plans, $160 and $164 for monthly ones.

Activation fees, charged when you pass, apply to 21 plans and run from $59 on Apex's Intraday Trail plan to $250 on Leeloo Trading's Foundation plan; 17 of them fall between $119 and $189. Earn2Trade takes its $139 out of the first withdrawal, and only on its simulated LiveSim account. Topstep, Apex and Phidias also sell versions without the fee at a higher price.

A reset restarts a failed evaluation without buying a new one. The cheapest listed is $35 for Top One Futures' Elite Access, and the most expensive is $265 for MyFundedFutures Pro, where a reset costs the full list price. Apex and E8 Markets sell no resets (E8 offers 10% off a fresh attempt instead), Phidias sells none on Express to Live, and The5ers and Bulenox's Momentum plan list none. Lucid, and Phidias on its one-time-payment plans, showed reset prices only with a coupon applied, and Blue Guardian prices its Reserve resets as a discount on what you paid. Our page on what a prop firm evaluation costs lists each $50K plan's price.

How often luck would pass

The model treats a trader with no edge as a random walk: each small move is as likely to be up as down, measured as a share of the starting balance. The evaluation ends when the account is up 6% (a pass) or has fallen 4% below its highest point so far (a fail).

Each new high starts a fresh race between climbing a little further and dropping 4% from the peak. The chance of winning one race of size x is about 1 − x/4, and the walk has to win enough of them in a row to cover 6%. Multiplied out, the chance of passing is e^−6/4 = e^−1.5, about 22.3%. A simulation of 200,000 such walks gave 22.1%. Against a fixed floor 4% below the start, the same walk would pass 40% of the time, so trailing cuts the luck pass rate almost in half.

Profit target 6% Max loss, trailing 4% Limit stops trailing at the starting balance Trader's edge, as a Sharpe ratio 0 Daily swing, share of the account 1%

22%

pass chance. With no edge, about 22 traders in 100 pass on luck alone.

50 simulated traders

Passed Hit the trailing limit Run 50 more

Pass chance by edge, with these rules

Pass rates published by Topstep, Tradeify and MyFundedFutures

A model, not a forecast: daily moves are random with the drift your edge implies, the limit trails continuously, and there are no fees, daily loss limits or consistency rules. A Sharpe ratio of 1 is a good, steady strategy; 3 is exceptional.

Three firms publish pass rates a little under the model's 22%: Topstep 16.8%, Tradeify 17.2%, MyFundedFutures 19.97%. Take Profit Trader (36.22%) and Earn2Trade (8.89%) also publish rates, counted on different bases. Our page on prop firm pass rates sets out what each figure counts.

This is an estimate from a simple model, and it leaves a good deal out:

• Commissions and slippage take a little from every trade, which pulls the pass rate down.
• Daily loss limits, consistency rules and minimum days can fail or slow an account the model would pass.
• At most firms the limit stops trailing once it reaches the starting balance. A limit that locks there lifts the model's pass rate to about 24.5%.
• Most plans move the limit only on closing balances, which is kinder to the trader than the continuous trailing the model assumes.
• Some traders do have an edge, which lifts their odds above the model's.
• Topstep's and Tradeify's rates count every evaluation started, so a trader who tries three times counts three times.

The model can't tell whether a given trader has an edge. It does suggest that the published pass rates sit close to what these rules would produce if no one had one, so a single pass says little about skill.

Plans by firm

Plans counts every row for the firm, and on sale counts only the plans it was selling at its usual terms on the day we checked it. Billing covers everything a trader could buy that day, limited-time offers included.

Firm	Plans	On sale	Markets	Billing
Alpha Futures	13	13	Futures	Monthly
Apex Trader Funding	22	16	Futures	One-time; monthly for the Legacy plan
Bitfunded	25	25	Crypto	One-time
Blue Guardian	75	75	Futures, forex/CFD	One-time
Breakout	44	37	Crypto	One-time
Bulenox	24	24	Futures	One-time
Crypto Fund Trader	30	21	Crypto	One-time
E8 Markets	46	46	Futures, forex/CFD, crypto	One-time
Earn2Trade	7	7	Futures	Monthly
Elite Trader Funding	15	14	Futures	Monthly; one-time for Fast Track and Direct to Funded
FTMO	16	16	Futures, forex/CFD	Monthly for futures, one-time for CFDs
Funded Futures Network	10	10	Futures	Monthly for MAX Standard, one-time for STEADY
Funded Trading Plus	18	18	Forex/CFD	One-time
FundedNext	34	34	Futures, forex/CFD	One-time
FunderPro	41	38	Futures, forex/CFD	Monthly for futures, one-time for CFDs
FundingPips	27	27	Forex/CFD	One-time
FXIFY	75	73	Futures, forex/CFD, crypto	One-time; monthly for Futures Standard and Expert
Goat Funded Trader	69	62	Futures, forex/CFD	One-time
HyroTrader	12	12	Crypto	One-time
Instant Funding	52	47	Forex/CFD	One-time
Leeloo Trading	20	13	Futures	Monthly; one-time for the bundle and Leeloo Express
Lucid Trading	40	36	Futures	One-time
Maven Trading	52	52	Forex/CFD, prediction markets	One-time
MyFunded Perpetuals	12	12	Crypto	Not stated
MyFundedFutures	13	13	Futures	One-time
Phidias Propfirm	20	20	Futures	One-time, or monthly for Fundamental and Premium
Take Profit Trader	15	5	Futures	Monthly
The5ers	35	30	Futures, forex/CFD	One-time
Top One Futures	20	20	Futures	One-time; monthly for Elite Daily
Topstep	17	12	Futures	Monthly
TradeDay	12	12	Futures	Monthly
Tradeify	26	25	Futures, crypto	One-time
Velotrade	16	16	Crypto	One-time
All firms	953	881

For how individual firms treat bots, HFT and servers, see the side-by-side comparisons.

Download the data

The data is free to reuse under the Creative Commons Attribution 4.0 licence (CC BY 4.0). You can copy, share and adapt it, commercially too, as long as you cite ROMER research and link this page.

How to cite

ROMER research (2026). Prop firm evaluation plans, 2026 [Data set]. Collected 27 September to 1 October 2026. https://romertrading.io/research/prop-firm-evaluations-2026

Columns

Column	What it holds
firm	The company that sells the plan.
product	The firm's name for the plan.
variant	The option that sets this row apart when a plan is sold several ways, such as with or without a daily loss limit. Blank if the plan has one version.
market	What the plan trades: futures, forex/CFD, crypto or prediction markets.
availability	On sale, limited time, invitation only, no longer sold, not yet on sale, funded stage (not sold), or not sold at this size.
evaluation_steps	Evaluation stages before the funded account. 0 means the plan starts funded.
account_size_usd	Account size in US dollars. Blank for Instant Funding's rand accounts, whose size in rand is in variant.
billing	One-time or monthly. Blank when the firm doesn't say or the plan isn't sold.
list_price	The price before any coupon code, in price_currency. Monthly plans give the price per month.
price_currency	USD, EUR for FTMO's CFD challenges, or ZAR for Instant Funding's rand accounts.
activation_fee_usd	One-time fee charged when you pass. 0 means none; blank means the firm doesn't say.
reset_fee_usd	Price to restart a failed evaluation. Blank when the firm sells no reset, we found no price, or the price was shown only with a coupon applied or as a discount on what you paid.
profit_target_usd	Profit needed to pass, in US dollars. For plans with several steps, the first step's target.
profit_target_pct	The same target as a percentage of the account.
max_loss_usd	The most the account can lose before it fails, in US dollars.
max_loss_pct	The same limit as a percentage of the account.
drawdown_type	How the maximum loss is measured: static, trailing end-of-day, trailing intraday, or trailing with the timing not stated or set by closed trades.
min_trading_days	Fewest trading days needed to pass each step (only profitable or winning days count at some firms, The5ers among them). 0 means no minimum; blank means not stated or no evaluation.
consistency_evaluation_pct	In the evaluation, the largest share of total profit one day may make up (one trade at The5ers, a share of the target at FundedNext and a few others). 0 means no such rule; blank means not stated.
consistency_funded_pct	The same kind of limit on the funded account, usually checked when you ask for a payout; where it changes from payout to payout, the first payout's. 0 means none.
profit_split_pct	The trader's base share of funded-account profit, before add-ons, scaling or payout-schedule options.
funded_account	What the firm says the funded account is: simulated or live. Blank when it doesn't say or its pages disagree.
source_url	The firm's page we took the price from (an Internet Archive copy for most Funded Trading Plus rows).
checked	The date we last checked the row's price, as YYYY-MM-DD.

Prices at these firms change often, so check a firm's own page before you buy.