Prop firm reviews
- Visit FTMO
FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority.
- Visit FundedNext
FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds.
- Visit FundingPips
FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website.
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What are the key features of these prop firms?
 FTMO |  FundedNext |  FundingPips | |
|---|---|---|---|
| Platforms | MetaTrader 4, MetaTrader 5, TradingView, cTrader, Other, Futures: Tradovate and NinjaTrader; TradingView is also available. | MetaTrader 4, MetaTrader 5, cTrader, Match-Trader, TradingView, Other, Tradovate and NinjaTrader | MetaTrader 5, cTrader, Match-Trader |
| Visit | Visit FTMO FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority. | Visit FundedNext FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds. | Visit FundingPips FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website. |
What are the challenge rules?
| FTMO | FundedNext | FundingPips | |
|---|---|---|---|
| News trading | Varies by programme | Varies by programme | Varies by programme |
| Weekend holding | Varies by programme | Varies by programme | Varies by programme |
| Visit | Visit FTMO FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority. | Visit FundedNext FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds. | Visit FundingPips FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website. |
How do payouts work?
| FTMO | FundedNext | FundingPips | |
|---|---|---|---|
| Payout methods | Bank transfer, Card, E-wallet, Crypto | Crypto, Payment platform, Bank transfer, Other | Card, Crypto, Payment platform, Bank transfer, Other |
| Payout providers | Visa Direct, Mastercard Send and Skrill (CFD); Wise, Revolut, Visa Direct and Mastercard Send (Futures) | USDT (ERC20/TRC20), USDC (ERC20), Confirmo, RiseWorks, bank transfer, FNmarkets and TC Pay (Iran) | Rise; Buy a Challenge; Tradin Transfer |
| Visit | Visit FTMO FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority. | Visit FundedNext FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds. | Visit FundingPips FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website. |
Which prop firms can you trust?
| FTMO | FundedNext | FundingPips | |
|---|---|---|---|
| Company | FTMO s.r.o.; FTMO Evaluation Global s.r.o.; FTMO Trading Global s.r.o.; FTMO Evaluation US s.r.o.; FTMO Global Markets Ltd; JV Prop Corporation | GrowthNext F.Z.E.; FundedNext Ltd; FundedNext Limited; Incenteco Trading LTD | FundingPips Corp; Funding Pips Services Ltd |
| Headquarters | Purkynova 2121/3, 110 00 Prague, Czech Republic; Purkynova 2121/3, 110 00 Prague, Czech Republic; Purkynova 2121/3, 110 00 Prague, Czech Republic; Purkyňova 2121/3, 110 00 Prague 1, Czech Republic; Silicon Avenue, 40 Cybercity, The Cyberati Lounge, Ground Floor, The Catalyst, Ebene 72201, Mauritius; 1209 Orange Street, Wilmington, DE 19801 | Executive Office No. 7, AI/“Al” Robotics Hub, C1 Building, AFZ, Ajman, UAE; Bonovo Road, Fomboni, Island of Moheli, Comoros Union; 8/F China Hong Kong Tower, 8–12 Hennessy Road, Wan Chai, Hong Kong; 16 Foti Kolakidi, Floor 1, Agia Zoni, 3031 Limassol, Cyprus | Bonovo Road, Fomboni Island of Mohéli, Comoros Union; 15 Dimitriou Karatasou Street, Anastasio Building, 6th Floor, Office 601, 2024 Strovolos, Nicosia |
| Founded | 2015 | 2022 | 2022 |
| Trades executed by | OANDA Broker Profile for TradingView; FX Blue App Suite | MT4, MT5, cTrader, Match-Trader, Tradovate, NinjaTrader and TradingView | Tradin |
| Regulation | States it is not regulated | States it is not regulated | not available |
| Regulatory wording | FTMO states that it provides only simulated trading and educational tools for traders, that FTMO companies do not act as a broker or accept deposits, and that its FTMO Challenge services are not regulated by the Czech National Bank or a similar financial authority. | The Provider is not a broker, financial institution, investment firm, asset manager, market intermediary, custodian, trading counterparty or regulated financial services provider | not available |
| Capital type | Simulated, then live | Simulated | Simulated |
| Trustpilot score | 4.8/5 | 4.5/5 | 4.5/5 |
| Trustpilot reviews | 51868 | 80054 | 69348 |
| Trustpilot date | 2026-09-25 | 2026-09-25 | 2026-09-26 |
| Visit | Visit FTMO FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority. | Visit FundedNext FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds. | Visit FundingPips FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website. |
Prop firms in detail
FTMO
CFD fees start at EUR 79 for the 1-Step Challenge and EUR 89 for the 2-Step Challenge.- The 2-Step Challenge fee is refunded with the first reward.
- A 14-day free trial is available.
- The 1-Step Challenge fee is not refunded.
- Futures evaluation fees are not refunded once paid, subject to the consumer withdrawal terms.
- FTMO Challenge services use simulated trading.
FTMO states that its FTMO Challenge services provide simulated trading and are not regulated by the Czech National Bank or a similar financial authority.
FundedNext
- CFD evaluation accounts have no deadline.
- Stellar Instant offers access without a Challenge.
- Rapid Daily has no consistency rule.
- Support is available by email, live chat and Telegram, 24/7.
- Futures purchase and reset fees are non-refundable.
- Rapid Pro and Rapid Daily funded accounts end after five Performance Rewards.
- CFD news-window profits are counted at 40% on funded and Instant accounts.
- Futures positions must be closed by 3:10 PM CT.
FundedNext states that trading on its accounts takes place in a simulated environment with virtual funds and that it does not handle client funds.
FundingPips
- One-step, two-step and instant-account models
- MT5, cTrader and Match-Trader
- No evaluation time limit
- Master weekend positions on four models are automatically closed at the Friday market close under a temporary rule
- Zero has a 15% consistency ceiling and a 3% safety cushion for rewards
- Copy trading and automated strategies have restrictions
FundingPips says all of its accounts are simulated demo accounts and that it does not offer brokerage services or real trading accounts on its website.