Drawdown type
Static, end-of-day trailing, and intraday trailing limits create different account-risk profiles.
Editorial shortlist · checked 2026-06-17
Compare prop firms by the rules that actually decide payouts.
OpenPropFirm tracks funded-trader programs as operating rulebooks, not hype pages. Use it to screen evaluation style, drawdown pressure, payout path, and source quality before buying a challenge.
Market
Model
| Firm | Market | Evaluation | Drawdown pressure | Payout path | Fit | Source |
|---|---|---|---|---|---|---|
| CFD / FX2-step | Classic path uses a 10% first-phase target and 5% verification target. | 2-step path publishes 5% maximum daily loss and 10% maximum loss limits. | Up to 90%Reward withdrawals are available after passing and keeping account rules intact. | Traders who want a mature FX/CFD evaluation with widely documented objectives. | FTMO trading objectivesChecked 2026-06-17 | |
| FuturesDirect / career path | Trading Combine uses profit targets with a consistency target tied to the best trading day. | Maximum Loss Limit applies during the day and includes unrealized P/L. | 90/10 on Express Funded AccountsFunded-account payout rules depend on winning days, balance, and chosen account type. | Futures traders who prefer a well-known combine with explicit account-size parameters. | Topstep Trading Combine parametersChecked 2026-06-17 | |
| CFD / FX2-step | High Stakes is a two-step challenge with minimum profitable trading days and unlimited time. | Program rules vary by High Stakes, Hyper Growth, and Bootcamp paths. | 80-100%Payout methods include Rise, crypto, bank transfer, or hub credit according to FAQ pages. | FX/CFD traders comparing staged growth plans rather than a single fixed challenge. | The5ers High Stakes rulesChecked 2026-06-17 | |
| FuturesDirect / career path | Futures evaluations use account-size profit targets, contract limits, and drawdown thresholds. | Drawdown can be intraday trailing or end-of-day trailing depending on account type. | 100% on approved payoutsEOD payout docs describe weekly payout potential, minimum trading days, and consistency rules. | Experienced futures traders who understand trailing thresholds and payout-buffer management. | Apex evaluation rulesChecked 2026-06-17 | |
| Multi-asset2-step | CFD pages list phase targets and funded futures terms publish account-size targets. | CFD Stellar-style terms publish daily and maximum loss limits; futures rules use their own trailing logic. | Plan-dependentPayout timing and split depend on the selected CFD or futures program. | Traders deciding between CFD-style challenges and newer futures challenge paths. | FundedNext challenge pagesChecked 2026-06-17 | |
| CFD / FX1-step | Alpha One is a one-step evaluation; Pro, Swing, and Three have separate rule sets. | Alpha One help lists 10% target, 6% trailing drawdown, and 4% daily drawdown. | Up to 80%Performance fee requests are handled from the dashboard and processed on a stated business-day timeline. | CFD traders who want a UK-based brand with multiple challenge structures. | Alpha One help articleChecked 2026-06-17 | |
| FuturesDirect / career path | Evaluations trade toward a clear profit target while staying within drawdown and position-size rules. | Maximum drawdown and daily loss parameters are central to the evaluation. | Plan-dependentPayout policy pages emphasize eligibility, timing, and plan-specific payout mechanics. | Futures traders who want a streamlined prop-firm UX and multiple account plans. | My Funded Futures parametersChecked 2026-06-17 | |
| FuturesDirect / career path | Gauntlet Mini and Trader Career Path publish account-size goals and progression rules. | Drawdown treatment differs between LiveSim and live account stages. | 80%Funded offers describe an 80/20 split in the trader favor and withdrawal of earned profits. | Futures traders who want an education-adjacent path with published account progression. | Earn2Trade funded offer rulesChecked 2026-06-17 |
Consistency rule
Best-day caps can change the real pass line even when the headline target looks simple.
Payout buffer
Eligibility is not the same as withdrawal. Balance, trading-day, and threshold rules still matter.
Source quality
Rules move quickly, so every provider should be checked against its current official terms.
FTMO
CFD / FX · 2-step
- Evaluation
- Classic path uses a 10% first-phase target and 5% verification target.
- Drawdown
- 2-step path publishes 5% maximum daily loss and 10% maximum loss limits.
- Good fit
- Traders who want a mature FX/CFD evaluation with widely documented objectives.
- Watch out
- Daily loss includes floating P/L, swaps, and commissions, so stop placement needs a buffer.
Topstep
Futures · Direct / career path
- Evaluation
- Trading Combine uses profit targets with a consistency target tied to the best trading day.
- Drawdown
- Maximum Loss Limit applies during the day and includes unrealized P/L.
- Good fit
- Futures traders who prefer a well-known combine with explicit account-size parameters.
- Watch out
- The consistency target can raise the required profit if one day contributes too much.
The5ers
CFD / FX · 2-step
- Evaluation
- High Stakes is a two-step challenge with minimum profitable trading days and unlimited time.
- Drawdown
- Program rules vary by High Stakes, Hyper Growth, and Bootcamp paths.
- Good fit
- FX/CFD traders comparing staged growth plans rather than a single fixed challenge.
- Watch out
- The product family is broad; read the exact rule set for the selected plan before paying.
Apex Trader Funding
Futures · Direct / career path
- Evaluation
- Futures evaluations use account-size profit targets, contract limits, and drawdown thresholds.
- Drawdown
- Drawdown can be intraday trailing or end-of-day trailing depending on account type.
- Good fit
- Experienced futures traders who understand trailing thresholds and payout-buffer management.
- Watch out
- Trailing drawdown can turn intraday volatility into an account breach before a trade closes.
FundedNext
Multi-asset · 2-step
- Evaluation
- CFD pages list phase targets and funded futures terms publish account-size targets.
- Drawdown
- CFD Stellar-style terms publish daily and maximum loss limits; futures rules use their own trailing logic.
- Good fit
- Traders deciding between CFD-style challenges and newer futures challenge paths.
- Watch out
- Do not mix CFD and futures rules; the terms differ materially by product line.
Alpha Capital Group
CFD / FX · 1-step
- Evaluation
- Alpha One is a one-step evaluation; Pro, Swing, and Three have separate rule sets.
- Drawdown
- Alpha One help lists 10% target, 6% trailing drawdown, and 4% daily drawdown.
- Good fit
- CFD traders who want a UK-based brand with multiple challenge structures.
- Watch out
- Rules differ by Alpha One, Pro, Swing, and Alpha Three; confirm the selected plan.
My Funded Futures
Futures · Direct / career path
- Evaluation
- Evaluations trade toward a clear profit target while staying within drawdown and position-size rules.
- Drawdown
- Maximum drawdown and daily loss parameters are central to the evaluation.
- Good fit
- Futures traders who want a streamlined prop-firm UX and multiple account plans.
- Watch out
- Payout caps, add-ons, and drawdown locks are plan-specific; read the payout policy before scaling.
Earn2Trade
Futures · Direct / career path
- Evaluation
- Gauntlet Mini and Trader Career Path publish account-size goals and progression rules.
- Drawdown
- Drawdown treatment differs between LiveSim and live account stages.
- Good fit
- Futures traders who want an education-adjacent path with published account progression.
- Watch out
- Data fees, progression ladders, and LiveSim versus live drawdown rules need separate review.
Decision frame
Screen the constraint before the brand.
A premium-looking offer can still be a poor fit if its loss rule, first payout path, or consistency gate clashes with the way you trade.
Drawdown type
Static, end-of-day trailing, and intraday trailing drawdowns create very different trading risk.
Consistency rule
Best-day caps can change the pass line even when headline profit targets look reachable.
Payout buffer
The first eligible payout can still fail if balance, trading-day, or threshold rules are not met.
Source posture
No ranking payment, no advice, no stale certainty.
OpenPropFirm is not affiliated with the listed firms and does not provide investment, tax, legal, or trading advice. Rules and offers change frequently. Recheck official terms before paying for any challenge.
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