# PropFirmGrades

> Honest prop firm reviews. We grade every prop firm from A to E using thousands of analyzed trader reviews, the firm's terms and its payout record, with pass rates and hidden rules up front.

PropFirmGrades grades prop trading firms from A (excellent) to E (poor). Grades issued Oct 2026; 10 firms graded; 3,971 Trustpilot reviews analyzed. Every pass rate is labeled reported, third-party or estimate. Hidden Risk (0-10, lower is better) scores fine-print rules that can void profits or close accounts.

## Firm reviews (grade, score, key facts)
- [FTMO review](https://propfirmgrades.com/reviews/ftmo): Grade A (7.6/10). Pass rate 10% (reported); hidden risk 4.8/10 (high); Trustpilot 4.8/5 (53,472 reviews); max allocation $2M; Still the benchmark for getting paid, but read the risk clauses before you size up
- [FundedNext review](https://propfirmgrades.com/reviews/fundednext): Grade B (7.0/10). Pass rate 10% (estimate); hidden risk 5.3/10 (high); Trustpilot 4.5/5 (80,505 reviews); max allocation $300K; Fast, well-documented payouts and fair pricing, wrapped in one of the strictest post-pass rulebooks around
- [BrightFunded review](https://propfirmgrades.com/reviews/brightfunded): Grade C (6.1/10). Pass rate 8% (estimate); hidden risk 5.6/10 (very high); Trustpilot score hidden by Trustpilot (guideline breach); 572 reviews; max allocation $400K; Fast, reliable payouts and clean rules on paper, undercut by a Risk team with wide discretion
- [The5ers review](https://propfirmgrades.com/reviews/the5ers): Grade C (6.1/10). Pass rate 9% (estimate); hidden risk 5.8/10 (very high); Trustpilot 4.7/5 (38,828 reviews); max allocation $4M; Cheap entry and long scaling ladders, but payout-stage risk reviews made The5ers a riskier bet in 2026
- [FundingPips review](https://propfirmgrades.com/reviews/fundingpips): Grade C (5.9/10). Pass rate 10% (estimate); hidden risk 5.8/10 (very high); Trustpilot 4.5/5 (69,512 reviews); max allocation $400K; FundingPips pays fast and sells cheap, but 2026's rule churn and device-ID bans demand caution
- [Top One Trader review](https://propfirmgrades.com/reviews/top-one-trader): Grade D (5.4/10). Pass rate 10% (estimate); hidden risk 6.3/10 (very high); Trustpilot score hidden by Trustpilot (guideline breach); 3,494 reviews; max allocation $600K; Cheap to start and quick to pay, but the funded rulebook is a minefield
- [Alpha Capital Group review](https://propfirmgrades.com/reviews/alpha-capital-group): Grade D (5.3/10). Pass rate 20% (third-party); hidden risk 7.3/10 (very high); Trustpilot score hidden by Trustpilot (guideline breach); 21,807 reviews; max allocation $400K; Cheap static-drawdown accounts and detailed rules, undercut by a 2026 wave of payout-stage bans
- [For Traders review](https://propfirmgrades.com/reviews/for-traders): Grade D (5.1/10). Pass rate 8% (estimate); hidden risk 6.8/10 (very high); Trustpilot score hidden by Trustpilot (guideline breach); 1,768 reviews; max allocation $300K; Cheap to start and quick with small rewards, but the funded-stage rules and contract favor the house
- [AquaFunded review](https://propfirmgrades.com/reviews/aquafunded): Grade D (4.7/10). Pass rate 8% (estimate); hidden risk 7.0/10 (very high); Trustpilot score hidden by Trustpilot (guideline breach); 1,200 reviews; max allocation $400K; Cheap challenges wrapped in a dense, shifting rulebook and a damaged reputation
- [Goat Funded Trader review](https://propfirmgrades.com/reviews/goat-funded-trader): Grade E (3.8/10). Pass rate 8% (estimate); hidden risk 8.0/10 (very high); Trustpilot score hidden by Trustpilot (guideline breach); 4,345 reviews; max allocation $400K; Cheap accounts, a thick rulebook and a payout denial wave: avoid until GFT fixes its payout reviews

## Payout and rules pages
- [FTMO payouts](https://propfirmgrades.com/reviews/ftmo/payouts): payout record, split, schedule and what reviews say about getting paid
- [FTMO rules and hidden risks](https://propfirmgrades.com/reviews/ftmo/rules): every rule that can cost an account or payout
- [FundedNext payouts](https://propfirmgrades.com/reviews/fundednext/payouts): payout record, split, schedule and what reviews say about getting paid
- [FundedNext rules and hidden risks](https://propfirmgrades.com/reviews/fundednext/rules): every rule that can cost an account or payout
- [BrightFunded payouts](https://propfirmgrades.com/reviews/brightfunded/payouts): payout record, split, schedule and what reviews say about getting paid
- [BrightFunded rules and hidden risks](https://propfirmgrades.com/reviews/brightfunded/rules): every rule that can cost an account or payout
- [The5ers payouts](https://propfirmgrades.com/reviews/the5ers/payouts): payout record, split, schedule and what reviews say about getting paid
- [The5ers rules and hidden risks](https://propfirmgrades.com/reviews/the5ers/rules): every rule that can cost an account or payout
- [FundingPips payouts](https://propfirmgrades.com/reviews/fundingpips/payouts): payout record, split, schedule and what reviews say about getting paid
- [FundingPips rules and hidden risks](https://propfirmgrades.com/reviews/fundingpips/rules): every rule that can cost an account or payout
- [Top One Trader payouts](https://propfirmgrades.com/reviews/top-one-trader/payouts): payout record, split, schedule and what reviews say about getting paid
- [Top One Trader rules and hidden risks](https://propfirmgrades.com/reviews/top-one-trader/rules): every rule that can cost an account or payout
- [Alpha Capital Group payouts](https://propfirmgrades.com/reviews/alpha-capital-group/payouts): payout record, split, schedule and what reviews say about getting paid
- [Alpha Capital Group rules and hidden risks](https://propfirmgrades.com/reviews/alpha-capital-group/rules): every rule that can cost an account or payout
- [For Traders payouts](https://propfirmgrades.com/reviews/for-traders/payouts): payout record, split, schedule and what reviews say about getting paid
- [For Traders rules and hidden risks](https://propfirmgrades.com/reviews/for-traders/rules): every rule that can cost an account or payout
- [AquaFunded payouts](https://propfirmgrades.com/reviews/aquafunded/payouts): payout record, split, schedule and what reviews say about getting paid
- [AquaFunded rules and hidden risks](https://propfirmgrades.com/reviews/aquafunded/rules): every rule that can cost an account or payout
- [Goat Funded Trader payouts](https://propfirmgrades.com/reviews/goat-funded-trader/payouts): payout record, split, schedule and what reviews say about getting paid
- [Goat Funded Trader rules and hidden risks](https://propfirmgrades.com/reviews/goat-funded-trader/rules): every rule that can cost an account or payout

## Rankings
- [Best prop firms in 2026](https://propfirmgrades.com/best/best-prop-firms): All firms we have graded, ordered by overall score.
- [Best instant funding prop firms](https://propfirmgrades.com/best/best-instant-funding-prop-firms): Firms that currently sell at least one instant-funding program.
- [Best 1-step prop firm challenges](https://propfirmgrades.com/best/best-one-step-prop-firms): Firms that currently sell at least one 1-step evaluation.
- [Best 2-step prop firm challenges](https://propfirmgrades.com/best/best-two-step-prop-firms): Firms that currently sell at least one 2-step evaluation.
- [Best prop firms for beginners](https://propfirmgrades.com/best/best-prop-firms-for-beginners): Firms our analysts rated a good fit for beginners, by overall grade.
- [Best prop firms for news trading](https://propfirmgrades.com/best/best-prop-firms-for-news-trading): Firms that allow news trading on at least some accounts, best fit first.
- [Best prop firms for EAs and algo trading](https://propfirmgrades.com/best/best-prop-firms-for-ea-trading): Firms that allow EAs on at least some accounts, best fit first.
- [Best prop firms for scalping](https://propfirmgrades.com/best/best-prop-firms-for-scalping): Firms our analysts rated a good or acceptable fit for scalpers.
- [Best prop firms for swing trading](https://propfirmgrades.com/best/best-prop-firms-for-swing-trading): Firms that allow weekend holding on at least some accounts.
- [Cheapest prop firm challenges](https://propfirmgrades.com/best/cheapest-prop-firms): Firms selling a $100K CFD evaluation, cheapest list price first.
- [Prop firms with the most reliable payouts](https://propfirmgrades.com/best/prop-firms-with-fast-payouts): All graded firms, ordered by payout score.
- [Prop firms with the lowest hidden risk](https://propfirmgrades.com/best/prop-firms-with-low-hidden-risk): All graded firms, lowest hidden-risk score first.
- [Prop firms with the highest pass rates](https://propfirmgrades.com/best/prop-firms-with-highest-pass-rates): Firms with a pass-rate figure, highest first.
- [Best MetaTrader 5 prop firms](https://propfirmgrades.com/best/best-mt5-prop-firms): Firms that currently offer MT5.
- [Best cTrader prop firms](https://propfirmgrades.com/best/best-ctrader-prop-firms): Firms that currently offer cTrader.
- [Best prop firms for crypto trading](https://propfirmgrades.com/best/best-crypto-prop-firms): Firms that list crypto among their tradable assets.
- [Best futures prop firms (from CFD brands)](https://propfirmgrades.com/best/best-futures-prop-firms): Graded firms that sell at least one futures program.

## Tools
- [All firms compared](https://propfirmgrades.com/prop-firms): sortable table of grades, pass rates, hidden risk, assets, platforms, allocation and offers
- [Challenge comparison](https://propfirmgrades.com/challenges): every program by account size and price
- [Offers](https://propfirmgrades.com/offers): discount codes published by the firms
- [Database](https://propfirmgrades.com/database): full dataset, downloadable as CSV
- [Methodology](https://propfirmgrades.com/how-we-rank): how grades, hidden risk and pass rates are produced

## Guides
- [Are prop firms legit? How to tell if a firm will pay](https://propfirmgrades.com/resources/are-prop-firms-legit): Are prop firms legit? Many pay as promised, but funded accounts are usually simulated. The signals and red flags that show whether a prop firm will pay you.
- [How to pass a prop firm challenge: a risk-first plan](https://propfirmgrades.com/resources/how-to-pass-a-prop-firm-challenge): How to pass a prop firm challenge with a risk-first plan: position sizing against daily and max loss, a daily stop, trade counts, news and consistency traps.
- [Prop firm challenges explained: 1-step vs 2-step vs instant funding](https://propfirmgrades.com/resources/prop-firm-challenges-explained): Prop firm challenges compared: 1-step vs 2-step vs 3-step vs instant funding, with typical targets, drawdown, minimum days, prices and who each format suits.
- [Prop firm drawdown explained: static, trailing and daily loss](https://propfirmgrades.com/resources/prop-firm-drawdown-explained): Prop firm drawdown explained with $100K examples: static, trailing, end-of-day trailing and relative drawdown, plus balance- vs equity-based daily loss limits.
- [Prop firm hidden rules: the fine print that voids profits](https://propfirmgrades.com/resources/prop-firm-hidden-rules): Prop firm hidden rules that void profits or close accounts: consistency rules, lot caps, news windows, copy trading, IP and HFT bans, plus a pre-buy checklist.
- [Prop firm payouts explained: splits, timing, KYC and denials](https://propfirmgrades.com/resources/prop-firm-payouts-explained): Prop firm payouts explained: profit splits, first payout timing, frequency, minimums, payout methods, KYC and contracts, and the rules behind denied payouts.
- [Prop trading glossary: 70 prop firm terms explained](https://propfirmgrades.com/resources/prop-trading-glossary): Prop trading glossary with 70 prop firm terms in plain English: drawdown types, phases, profit split, consistency rules, HFT, KYC, payouts, A-book and B-book.
- [What is a prop firm? How funded trading accounts work](https://propfirmgrades.com/resources/what-is-a-prop-firm): A prop firm pays you a share of trading profits on a funded account after you pass a paid evaluation. How the model works, who it suits and the real risks.

## Optional
- [Full data in Markdown](https://propfirmgrades.com/llms-full.txt): every firm's scores, review analysis, hidden rules, payouts and programs