The State of Prop Trading in 2026
The prop firm landscape has consolidated. After the 2023–2024 shakeout, a handful of firms dominate, each with distinct rules and trader profiles. Here is the practical comparison every trader needs before choosing where to challenge.
FTMO
Best for: Disciplined, swing-leaning traders who like a structured two-step model.
- 10% Challenge → 5% Verification → Funded
- 5% daily loss / 10% total loss
- Up to $400k per account, scaling up to $2M
- 80% profit split, monthly payouts
- News trading allowed, weekend holding allowed
MyForexFunds (MFF)
Best for: Active intraday traders who want flexible payout schedules.
- Multiple account types: Rapid, Evaluation, Accelerated
- Tighter daily DD on some plans (4%)
- Up to 90% split on top tiers
- Scaling plans up to $5M
FundingPips
Best for: Newer traders who want lower fees and a streamlined flow.
- Single-step option available
- 5% daily / 10% total
- 80% profit split, bi-weekly payouts
- Cheapest entry-level fees among major firms
Topstep
Best for: Futures-focused traders (ES, NQ, CL).
- Trailing drawdown model (different from FTMO-style fixed DD)
- Combine accounts up to $300k
- 90% profit split after first $10k
- Daily and end-of-day rules
The Funded Trader (TFT)
Best for: Aggressive swing traders who want larger position scaling.
- Multiple challenge styles: Standard, Rapid, Royal
- Up to 95% profit split on top tiers
- $1.5M scaling cap
How to Choose
Match the firm to the trade style. Scalping with tight stops and frequent activity? FundingPips or MFF Rapid. Patient swing trading with weekends held? FTMO. Futures? Topstep. Mid-frequency intraday? FTMO or TFT.
The Universal Rule
No matter which firm you choose, the failure mode is identical: breaching the daily drawdown. Venasri enforces the daily and total DD limits across any firm — you set the rule, the platform enforces it, you stop blowing accounts. Start free.