Prop firms · 2026

The best prop trading firms, ranked

Trade real capital and keep most of the profit. We compare the leading funded-trader programs on profit split, fees, rules and how reliably they actually pay.

Disclosure: MasterKey is an independent media site, not a broker or prop firm. Some links are affiliate links; if you sign up through them we may earn a commission at no cost to you, and it never changes our rankings. Learn more.

FirmScoreBest forProfit splitStandout
FTMO
Top pick
9.3
★★★★★
Serious forex & cryptoup to 90%Proven payouts, great platformVisit FTMO
FundedNext
Value
9.0
★★★★★
Fast scaling & bonusesup to 95%Generous splits & challengesVisit FundedNext
The5ers
No time limit
8.8
★★★★☆
Slow, low-stress tradersup to 100%No time pressure to passVisit The5ers
Topstep
Futures
8.6
★★★★☆
Futures tradersup to 90%The original futures propVisit Topstep
Apex
Cheap resets
8.4
★★★★☆
Frequent evaluationsup to 90%Low-cost, frequent discountsVisit Apex

Profit splits, fees and rules are representative for 2026 and change often; always confirm the current terms on the firm's site before paying an evaluation fee.

The reviews

Why they rank where they do

FTMO
9.3

The benchmark of the industry. The most proven payout history, a polished experience and clear rules make it the safest first choice for serious traders.

  • Long, verifiable payout record
  • Up to 90% profit split
  • Excellent dashboard and support
  • Stricter rules than some rivals
Start with FTMO
FundedNext
9.0

The value champion. Some of the most generous splits and challenge models in the market, with frequent promotions, if you can navigate the newer track record.

  • Up to 95% split
  • Aggressive bonuses
  • Flexible challenge types
  • Younger than FTMO
Start with FundedNext
The5ers
8.8

Built for the patient. With no time limit to pass and up to a full profit split on some programs, it rewards discipline over speed.

  • No time pressure
  • Up to 100% split
  • Lower leverage on some plans
Start with The5ers
Topstep
8.6

The name in futures funding. If you trade futures rather than forex or crypto, this is the most established and respected route to funded capital.

  • Futures specialist
  • Strong reputation
  • Futures only
Start with Topstep
Methodology

How we score prop firms

We rank each firm on five things that decide whether funded trading is actually worth it for you: payout reliability (do they really pay, and how fast), profit split, cost (evaluation fees and resets), rules (drawdown, consistency and time limits), and track record. We read the fine print most people skip, because in this industry the rules are where the money is won or lost.

Good to know

Is this the same as investing?
No. You pay a one-time evaluation fee to prove your skill, then trade the firm's capital. You are buying a chance to earn a profit split, not making an investment, and the fee can be lost.

Are prop firms safe?
The best ones have long payout records, but the space has seen failures. Stick to proven names, and never pay an evaluation fee you cannot comfortably lose.

Ready to get funded?

Start with the most proven firm

Our top pick has the longest verifiable payout record in the industry.