Compare prop firm challenges
Six providers, chosen for relevance to traders buying a challenge rather than for payout. Where a term is not confirmed on the firm's own current site, it is shown as "Not specified" rather than estimated.
Start from a live rule set
The table below marks unverified terms as “Not specified”. The firm’s own challenge page is where those numbers actually live.
Methodology
This list is curated, not exhaustive, and is ordered by how relevant each provider is to someone choosing a challenge — market coverage first, then breadth of challenge formats. It is not ranked by fee, payout or commission. We publish no pass-rate figures: firms almost never disclose them and any number given here would be unverifiable. Pricing, profit targets, drawdown values, time limits, minimum trading days, reset costs and refund terms change frequently, so they are read from each firm's own challenge page rather than reproduced here.
Read a rule set the way the methodology describes
The comparison ranks on market coverage and format breadth, not price. Apply the same lens to a provider's current challenge page.
Some links on this site are affiliate links. If you purchase through one of these links, we may earn a commission at no additional cost to you. Our recommendations are based on the factors explained on each page.
FundingPips
Forex · Metals · Indices · Energies · Crypto
- Fee
- Not specified
- Profit target
- Model and phase dependent — around 8%/5% on the two-step, 10% on the one-step.
- Daily loss
- Typically 3–5%, treated as a hard breach.
- Max loss / drawdown
- Typically 6–10%, static or trailing depending on the model.
- Minimum days
- Minimum profitable days apply on Zero.
Goat Funded Trader
Forex · CFDs
- Fee
- Not specified
- Profit target
- Varies by model; some instant products have no target or a low one.
- Daily loss
- Model dependent — around 3% on some entry products.
- Max loss / drawdown
- Model dependent — around 6% on some entry products.
- Minimum days
- Not specified
Alpha Capital
Forex · Metals · Indices · Oil
- Fee
- Not specified
- Profit target
- Roughly 6–12% depending on the plan.
- Daily loss
- End-of-day based, around 3–5%.
- Max loss / drawdown
- Trailing on Alpha One, static on Pro — roughly 4–10%.
- Minimum days
- 0–1 on Alpha One; 3 per phase on Pro and Three.
For Traders
Forex · CFDs
- Fee
- Not specified
- Profit target
- Low on some newer models — 2% on Pay After Pass.
- Daily loss
- Around 3% on the models we have seen.
- Max loss / drawdown
- Around 6%, trailing on those examples.
- Minimum days
- Not specified
The5ers
Forex
- Fee
- Not specified
- Profit target
- Commonly 6–10% per phase.
- Daily loss
- Around 3–5% — pauses or terminates depending on the programme.
- Max loss / drawdown
- Static 6–10% on many CFD programmes; trailing on futures.
- Minimum days
- Minimum profitable days on some programmes (3 days of at least 0.5%).
Top One Futures
Futures
- Fee
- Not specified
- Profit target
- Not fully verified — check the official help centre.
- Daily loss
- Not fully verified — check the official help centre.
- Max loss / drawdown
- Drawdown type not fully verified — check the official help centre.
- Minimum days
- Not specified
Two firms can look identical in a table
Rows compare structure, not the fine print. Open a provider’s page and read the drawdown model and reset terms in full.
Not sure which model suits you?
One-step challenges
A single evaluation phase before funding.
Two-step challenges
The classic two-phase evaluation route.
Instant funding
No evaluation phase — funded from purchase.
Still deciding? Read which challenge to buy or how to pass one.
Trading futures rather than forex?
Market coverage is the first filter in this comparison. If your strategy is futures-based, check the contract limits and drawdown model on the firm's own site.
Check current rules on
FundingPips