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The directory

Every futures prop firm, honestly reviewed.

6 firms scored on payout reliability, drawdown fairness, true cost and rule clarity. Filter down to the one that fits how you actually trade.

6
Firms reviewed
$49
Cheapest entry
Jul 2026
Last verified

Read this first

Not all prop firms are
created equal.

They look identical from the outside — same account sizes, same 90% split, same countdown timer on the checkout page. What actually separates them is the rulebook underneath, and that is where funded accounts are won and lost.

Three rules decide whether you keep your money. Every firm below is scored on all three — starting with the drawdown type, the single rule that ends more evaluations than bad trading does.

Daily drawdown limits

A cap on how much you can lose in a single day. Hit it and the account is usually gone that afternoon — no warning, no appeal. It is almost always tighter than the overall drawdown, so it is the number you actually trade to.

Overall drawdown caps

An intraday trailing drawdown follows your unrealised peak — a trade that goes +$800 and closes at +$200 permanently tightens your buffer by $800. An end-of-day drawdown only recalculates on the closing balance, so that same trade costs you nothing.

Consistency rules

A cap on how much of your total profit may come from one day — commonly 30% to 50%. Break it and the payout is held even though you are up. A handful of plans drop the rule entirely once you are funded.

Critical rules, decoded

Choose the right partner, keep your profits

You do not need to master trading psychology to pass an evaluation. You need to master three rules. Here is what each one actually does to your account.

The one that ends most accounts

Daily drawdown limits

A cap on how much you can lose in a single day. Hit it and the account is usually gone that afternoon — no warning, no appeal. It is almost always tighter than the overall drawdown, so it is the number you actually trade to.

What to do: Structure your day so three losing trades still leave you inside the limit.

Trailing vs static changes everything

Overall drawdown caps

An intraday trailing drawdown follows your unrealised peak — a trade that goes +$800 and closes at +$200 permanently tightens your buffer by $800. An end-of-day drawdown only recalculates on the closing balance, so that same trade costs you nothing.

What to do: Prefer end-of-day unless you always exit exactly at your target.

Why a green account still gets denied

Consistency rules

A cap on how much of your total profit may come from one day — commonly 30% to 50%. Break it and the payout is held even though you are up. A handful of plans drop the rule entirely once you are funded.

What to do: Know your cap before you trade: target profit × the firm's percentage.

Want the full risk framework?

The position sizer, the daily stop, and the drawdown maths that decide whether you survive a normal losing streak — with a calculator that does it for you.

Risk management guide