Independent prop-firm review authority
Don’t choose a prop firm blind.
Every firm has different rules, drawdowns, payouts and costs. Start here — we compare them all, so you find the best one for you.
- Every rule, sourced & datedDrawdown, targets, payouts and costs — each figure links its origin.
- Side-by-side on any ruleLine up firms on the one rule that decides it for you.
- Independent — we rate, we don't sellNo paid rankings. Cons sit beside the pros, every time.
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Firms examined
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Data points verified
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Paid rankings
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Firms rated 0–5
Affiliate disclosure: The Prop Examiner is independent and not affiliated with any firm reviewed. We may earn a commission from some links. Challenges are simulated/educational products; no payouts are guaranteed. Full disclosure.
Our method
How we rate every firm
The same process for all 20 firms. No paid placements.
01
Advertised vs verified
Every figure labelled — marketing kept separate from facts confirmed on the firm's own pages, each dated.
02
Rules over headlines
We read the rule sets — drawdown, consistency, payout eligibility — where challenges are won or lost.
03
Balanced and sourced
Cons and open risks beside the pros. No paid rankings, no fake ratings, no guarantees.
Flagship tool
Compare every plan, side by side.
103 account plans from 19 firms — filter by any rule, payout, or price, then pin the finalists into one normalised table.
Filter by
- Profit split
- Drawdown type
- Payout speed
- Account size
- Platform
- Automation
- Min trading days
- Entry price
| Dimension | FundingPips1-step | The5ers2-step | E8 Markets1-step |
|---|---|---|---|
| Profit split | 100% | 100% | 100% |
| Profit target | 10% | 10% | 6% |
| Max daily loss | 3% | 5% | 3% |
| Entry price | $322 | $19 | $48 |
Static preview — the live tool pins up to 5 plans, highlights standout values, and links every figure to its source.
Ranked by our rating
Top-rated firms
Ranked purely by our editorial rating out of 5. Tap any card for the full dossier.
Upcomers
High advertised split, fast-payout positioning, broad product line.
FTMO
Established two-step model with a documented scaling plan.
Topstep
Established futures evaluation via the Trading Combine, 90% split.
The5ers
Established forex/CFD firm with a profit split that scales toward 100%.
FundingPips
Tiered split up to 100% with a weekly “Tuesday Pay Day” cadence.
Take Profit Trader
One-step futures funding with day-one withdrawals from the PRO account.
From the desk
Latest analysis
Independent, dataset-driven explainers — no advice, no hype.
PayoutsPayout models in 2026: on-demand vs fixed cycles
On-demand, weekly, bi-weekly, monthly — prop firms pay out on very different rhythms in 2026. Here is how each model works and the conditions that gate it.
DrawdownTrailing vs static vs end-of-day drawdown — what actually trips traders
The drawdown type matters more than the percentage. Here is how static, trailing, and end-of-day drawdown behave — and why a trailing limit fails more traders than the number suggests.
ConsistencyConsistency rules explained: evaluation vs funded
Best-day rules, consistency scores, profitable-day requirements — these often bind the funded account, not the evaluation. Here is how each one works in 2026.
Sponsored
Partner offers
Clearly-labelled, FTC-compliant advertising. Every firm with a live affiliate partnership gets the same slot — the space below is an ad, not a ranking signal.
Go deeper
Tools & explainers
Compare accounts, check automation policies, learn the rules — before you spend.
Automation
Best firms for AI & algo
Which firms allow EAs, bots, copy trading and HFT — every firm ranked by automation friendliness.
Reference
The rule glossary
Every prop-firm term defined — drawdown, profit targets, consistency, best-day rules, scaling plans and more.
Calculators
Cost, drawdown & sizing tools
Work out real challenge cost, model your drawdown, and size positions before you risk a cent.
Independence
Why trust an independent reviewer
No allegiance to any firm. Commission only where an affiliate partnership is disclosed.
- Cons and open risks beside the pros
- Every figure cited and dated
- We never pose as a firm we review
- We tell you exactly what to verify
Content last reviewed: .