Trusted by traders worldwide

Compare the Best Prop
Trading Firms

Transparent comparison of broker-backed and synthetic prop firms.
Real data. Clear models. No hype.

Firms analyzed

150

Firms analyzed
Parameters tracked

50+

Parameters tracked
Reviews

1K+

Reviews
Structured data Regularly updated Independent research
Know the Difference

Not All Prop Firms Operate the Same Way

Most websites rank prop trading firms together. We separate them by business model.

Broker-based vs. Synthetic

Broker-Backed

Broker-Backed

Operate through real brokerage infrastructure with live market access, actual order routing, and regulatory oversight.
  • Real market pricing
  • Live account execution
  • Transparent order flow
  • Regulated infrastructure
Synthetic

Synthetic

Run fully simulated trading environments. Trades are not routed to live markets but mimic real conditions.
  • Simulated execution
  • No live market routing
  • Proprietary pricing engine
  • Varied payout models
RANKINGS

Top Prop Firms at a glance

Company name
Model
Max. balance
Challenge cost (100K)
Max. drawdown
Profit split
1
Test Firm Bravo
Broker-backed
$200,000
$499
10%
Up to 90%
2
Test Firm Alpha
Broker-backed
$200,000
$499
10%
Up to 90%
3
test mock
Synthetic
$400,000
$588
10%
Up to 90%
4
E8 Funding
Synthetic
$6,000,000
~$588
8-10%
Up to 80%
5
IC Funded
Synthetic
$500,000
499
10%
Up to 80%
View Full Comparison
How It Works
Broker-Backed Verification
FTMO
4.8
Verified
The Funded Trader
4.8
Verified
Topstep
4.6
Verified

How Prop Trading Firms Work

Trending firms based on trader interest, reviews, and verified performance data.

1

Pass an Evaluation Challenge

Prove your trading skills through a structured challenge with predefined targets and rules.

2

Receive a Funded Account

Get access to a funded trading account with real or simulated capital.

3

Trade Within the Rules

Follow drawdown limits, position sizing, and other risk management constraints.

4

Withdraw Profits

Earn your share based on the firm's profit split after meeting payout conditions.

We break down:

Evaluation phases
Payout structures
Risk models
Drawdown rules
Read full guide

Why Broker-Backed Firms Matter

Broker-backed firms are connected to real brokerage infrastructure — giving
traders access to genuine market conditions.

Real market pricing
Real market pricing
Live account placement
Live account placement
Clear regulatory structure
Clear regulatory structure

Not all firms disclose their execution model. We help you
understand the difference.

View Broker-Backed Firms
Broker-Backed Verification
IC Funded
5
Verified
TrueForexFunds
4.5
Verified
Topstep
4.6
Verified
FAQ

Frequently Asked Questions

A prop trading firm provides traders with a funded account after they pass an evaluation challenge. Traders keep a percentage of the profits based on a profit split agreement.

A broker-backed prop firm operates through a real brokerage infrastructure. Trades use live market pricing, and some funded traders may be placed on real brokerage accounts.

Broker-backed firms are connected to real brokerage execution. Synthetic prop firms operate fully in simulated environments where trades are not routed to external liquidity providers.