Our #1 pick

FTMO

Why it's our pick (opinion): The most established forex prop firm we compare, with the most detailed public rulebook: a static 10% max loss, a 5% daily loss, just 4 minimum trading days and a 90% reward on the 2-Step. Two catches: it's priced in euros, and US traders go through a separate FTMO US program.

Prop firm running a 2-Step Challenge and Verification, plus 1-Step and Instant accounts, on forex, indices, metals and more. All FTMO accounts are demo accounts with simulated funds.

Regulation: Not a broker (prop firm)
Regulators and licenses: Not a broker. FTMO states all accounts it provides are demo accounts with fictitious funds.
Platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView
Funding: Evaluation, Instant funding
Max funded accounts: Not published
Payout methods: Bank wire, Visa Direct / Mastercard Send, Skrill, Crypto
Days to first payout: 14 days

Not yet fully checked.

Plans and rules

FTMO plans compared
Rule	100K 2-Step Challenge13 of 13 values verified
Evaluation rules
Evaluation phases	2-step
Profit target	$10,000
Phase 2 profit target	$5,000

FTMO plans compared
Rule	100K 2-Step Challenge13 of 13 values verified
Evaluation rules
Evaluation phases	2-step
Profit target	$10,000
Phase 2 profit target	$5,000

Max drawdown	$10,000Max loss is static at 10% of the initial balance ($90,000 floor).

Drawdown type	Static

Daily loss limit	$5,000

Minimum trading days	4

Leverage	Up to 1:100 (Standard account); 1:30 (Swing)

Payouts
Profit split (trader)	90%
Payout eligibility and frequency	First reward on the 14th day after the first trade, then on request on any following day, with all positions closed.

Payouts

Profit split (trader)

90%

Payout eligibility and frequency

First reward on the 14th day after the first trade, then on request on any following day, with all positions closed.

Trading restrictions
News trading	Allowed during the Challenge and Verification. On a funded Standard account, no orders 2 minutes before or after selected news. Swing accounts: no restriction.
Overnight holding	Not restricted during the evaluation. Funded Standard accounts must close positions before market breaks over 2 hours; Swing accounts may hold.
Weekend holding	Funded Standard accounts can't hold through weekends (market breaks over 2 hours); Swing accounts can. Not restricted during the evaluation.

Trading restrictions

News trading

Allowed during the Challenge and Verification. On a funded Standard account, no orders 2 minutes before or after selected news. Swing accounts: no restriction.

Overnight holding

Not restricted during the evaluation. Funded Standard accounts must close positions before market breaks over 2 hours; Swing accounts may hold.

Weekend holding

Funded Standard accounts can't hold through weekends (market breaks over 2 hours); Swing accounts can. Not restricted during the evaluation.