10 Best Prop Firms After FTMO-Style Rule Changes

I will analyze the Best Prop Firms After FTMO-Style Rule Changes. As trading challenges change, many traders are looking for firms that have more flexible rules, better payouts, and more friendly environments for repetitive strategies.

These firms match new trading standards and provide the opportunity to grow capital for experienced traders, and those moving up from lower accounts.

Key Point

Prop Firm	Key Point (Why Good After FTMO Rule Changes)
FTMO	Benchmark firm—reliable payouts and robust scaling plan, still widely respected after rule changes.
FundedNext	Large max capital (up to ~$4M), flexible evaluation (1‑ or 2‑step), high profit splits.
The5ers	Instant funding options and trader‑friendly rules with scalable accounts.
E8 Markets	Strong tech and flexible evaluation (1–3 stages), popular FTMO alternative.
Funding Pips	Weekly payouts and flexible evaluation formats, high profit shares up to 100%.
Funded Trading Plus	No time limits on challenges and high profit splits, good for many styles.
Goat Funded Trader	Broad instrument selection with scalable funding options.
FunderPro	Simple challenge with no strict time limits and weekly payouts.
Topstep	Futures‑focused funded accounts with straightforward risk rules.
FTUK (or TopTier Trader)	Instant or relaxed challenge options with quick payouts, ideal if FTMO rules feel restrictive.

1) FTMO

With a trustworthy 2 step evaluation system and dependable payouts, FTMO is one of the most reputable prop firms for trading.

With their most recent rule changes, they now have a profit split of up to 90% for those who have reached some scaling milestones and traders receive bi-weekly payouts and the payouts usually take about 1-2 business days to process.

They also have funded accounts from $10,000 to more than $400,000 and with specific max drawdowns and risk limits.

FTMO is best for traders who prioritize solidity, transparency, and scaling plans, particularly with respect to forex and CFDs, even though their competitors are offering faster payouts.

FTMO Key Features

1. Two-step evaluation: Challenge & Verification.
2. Scaling profit split of up to ~90%.
3. Supported platforms: MT4, MT5, cTrader, DXtrade.
4. Payouts and max drawdown intervals are bi-weekly.
5. Asset classes: Forex, commodities, indices and crypto.

FTMO Pros & Cons

Pros:

1. Solid reputation and has a good standing among peers.
2. Organized evaluation process with more than one step. (Challenge and verification.)
3. Possibility of profit share of up to 90 percent plus you can scale.
4. Multiple platform options- MT4, MT5, cTrader, DXtrade.

Cons:

1. Challenge fees are rather high when compared to competitors.
2. Payouts are less than competitors who pay out instantly.
3. Strategies may be limited (and payout) to restrict weekend and news trading.

2) FundedNext

FundedNext offers payout speed that is rare to find in the industry and is therefore is very highly rated, promising a 24-hour payout guarantee. Additionally, their profit split is up to 95% (CFDs) and 100% (Futures).

Their account sizes have the potential to grow to multi-million levels (e.g., $4M+ depending on program), and their traders get a share during the evaluation period, which is a unique structure that has a potential for greater profit split into account levels that are generally lower.

Traders benefit from flexible one-step, two-step, and instant funding models with multiple platform options. FundedNext is best for traders who value fast payout processing, high profit shares, and growth opportunities across instruments.

FundedNext Key Features

1. Different funding models: Evaluation, Instant/Express, and Hybrid.
2. Track-based profit share of 95-100%.
3. Payouts gained guaranteed in 24 hours.
4. Multi-million dollar scalable accounts available.
5. Weekend, overnight and news trading are allowed.

FundedNext Pros & Cons

Pros:

1. Payouts are very quick, usually within a few hours.
2. Profit share of 95-100% is possible.
3. Evaluation, express and instant are provenance of.
4. Weekend, overnight and news trading are absolutely permissible.

Cons:

1. Challenge fees can be larger than some of the smaller companies.
2. Drawdown limits are stricter.
3. Higher commissions on some of the accounts.

3) The5ers

The5ers offers tiered scaling programs where profit splits start lower, for example, 50%, and can increase up to 100% based on performance.

Payouts are typically bi-weekly to monthly, and while max profitability triggers are slower than instant models, their structured progression with scaling paths up to millions is appealing to consistent traders.

It is known for tiered risk limits and slower but consistent payouts, and has a large following in the community. The5ers is for traders who want to focus on long-term performance and systematic growth of the account instead of ultra-rapid cash flows.

The5ers Key Features

1. Profit split tiers go up to 100%.
2. Different risk levels (Bootcamp, Hyper Growth, High Stakes) offer different programs.
3. Weekend and overnight trades + algorithmic trading are allowed.
4. Milestone-based scaling offers growth for accounts.
5. Good support, strong community, and mentorship with educational resources.

The5ers Pros & Cons

Pros:

1. Profit share up to 100% and a tiered up scaling program to finesses.
2. Offers for all risk tolerances and skill levels.
3. Permissive of algo, overnight and weekend trading.
4. Community and instructional materials are in good standing.

Cons:

1. More limited platform options (primarily MT5).
2. Profit share and rules can be program dependent and confusing for people that are new.
3. Payouts are subject to monthly cycles, which may lead to delays.

4) E8 Markets

E8 Markets has flexible evaluation formats (1 to 3 steps or instant) and in the premium tiers, profit splits can reach 100%. Payout requests generally open bi-weekly or on demand after a minimum number of days, with minimum payout periods of around 14 days. Account sizes are varied and there are scalable opportunities across multiple assets.

E8 is dedicated for traders focusing on adjustable challenge formats and new-age dashboard features, while their best profit splits are contingent on meeting certain consistency or performance milestones. Best fit for traders who enjoy tech and trade across several markets.

E8 Markets Key Features

1. Choice of 1, 2, or 3 step evaluation challenges.
2. Premium tier profit splits are 100%.
3. Asset classes and commodities including crypto are supported.
4. Payout cycles are fast with the first payout around 8 days.
5. E8X dashboard with risk analytics and enhanced propriety.

Markets E8 Pros & Cons

Pros:

1. Varied evaluation styles (1-, 2-, or 3-step challenges).
2. Profit split at 100% possible on premium tiers.
3. Payouts are first initiated around 8 days into the cycle.
4. Risk management and dashboard tools are better.

Cons:

1. Achieving top profit splits may be marketed more.
2. Technical issues, payout issues and IT issues arise.
3. There are fewer educational resources compared to the more established competitors.

5) Funding Pips

Funding Pips offers more frequent payouts, on their profit splits between 80% and 100% consistent with pattern and consistency score. Account limits increase as traders progress, and they can offer their own multiple evaluation tracks for other unique payouts.

Known for its affinity to traders who desire payouts every week and for its recognition of consistent performance.

Funding Pips is popular among traders who require more liquidity (active line) regular and clear steps to grow and increased levels of capital to trade, despite some in the community suggesting to clarify existing conditions and rules.

Funding Pips Key Features

1. Choose your preferred weekly payout option
2. Profit splits of 80-100%
3. Different evaluation tracks for different styles of trading.
4. Account sizes with growth potential plus scalability.
5. Consistency pays off as bigger & better opportunities await.

Pips Funding Pros & Cons

Pros:

1. Payouts on a weekly basis may be advantageous.
2. Profit split is between 80% and 100%.
3. Evaluation tracks allow various trading methodologies.
4. Accounts are scalable, providing more opportunities for growth.

Cons:

1. Reliability is a concern for a subset of traders.
2. Platform options are limited (dimly MT5).
3. Your account may be killed prematurely if you break the strict drawdown rules.

6) Funded Trading Plus

Funded Trading Plus provides 1- and 2-step challenges with no reset penalties and supports weekly payouts from the first day, which is the best for traders needing money to flow.

Funded accounts can scale up to ~$2.5M, and best of all, traders have the ability to hold news and weekend positions, unlike other Funded accounts that are more FTMO-style.

This firm is ideal for those who want quick weekly payouts, clear rules, and a wide variety of account sizes with defined risk limits.

Funded Trading Plus Key Features

1. 1-step & 2-step challenges with no hidden reset penalties
2. Funded account weekly payouts from day 1.
3. Scalable high profit split potential (+ up to ~$2.5M).
4. Weekend & news trading is allowed.
5. Clear & simple rules with more flexibility & less restrictions.

Goat Funded Trader Pros & Cons

Pros:

1. Up to 100% profit sharing.
2. Quick payments (2 business days).
3. No time restrictions on withdrawals.
4. Rapid access to funding via instant access.

Cons:

1. Drawdowns are stricter on certain account types.
2. Less community growth compared to FTMO or The5ers.
3. Educational resources are lacking.

7) Goat Funded Trader

Goat Funded Trader offers up to 100% profit split and fast payout speed (typically in less than ~2 business days), and has on-demand withdrawal capabilities. Account values can reach up to ~$2M+ and there are options for customized evaluations or instant funding.

Several models offer no minimum targets or rigid time constraints, which makes the process far easier than the older FTMO-style multi-step processes. Goat Funded Trader offers the simplest process to those traders who desire significant profit ownership and fast funding with minimal stipulations.

Goat Funded Trader Key Features

1. Profit split as high as 100%
2. Payout speed of within ~2 working days
3. No strict time withdrawals with simple & fast on-demand processes.
4. Account sizes up to ~$2M+
5. Funding immediately available for rapid access to capital.

Goat Funded Trader Pros & Cons

Pros:

1. Up to 100% profit sharing.
2. Quick payments (2 business days).
3. No time restrictions on withdrawals.
4. Rapid access to funding via instant access.

Cons:

1. Drawdowns are stricter on certain account types.
2. Less community growth compared to FTMO or The5ers.
3. Educational resources are lacking.

8) FunderPro

FunderPro provides up to 90% profit split and a range of payout structures (daily, weekly, bi-weekly) including some daily reward options that may pay as soon as a 1% profit is achieved. FunderPro also offers the highest maximum scalable funding (up to $5 million) with no trailing drawdowns and the ability to trade news.

Reward processing is quick (around ~8 hours on average) for certain options. FunderPro is ideal for those who want frequent payouts, big scaling potential, and broad strategic flexibility.

FunderPro Key Features

1. Up to 90% Profit splits.
2. Daily, weekly, bi-weekly.
3. Scalable to a maximum of $5M funding.
4. No trailing drawdown.
5. Quick reward processing (~8 hours) with high flexibility.

FunderPro Pros & Cons

Pros:

1. Up to 90% profit sharing.
2. Daily/weekly/bi-weekly payouts are available.
3. You can scale funding levels to $5M.
4. No trailing drawdown restrictions or strategy rule flexibility.

Cons:

1. Challenge types have higher costs.
2. Evaluation rules are complex according to some traders.
3. Less name recognition vs. FTMO.

9) Topstep

Topstep is the most notable company when it comes to evaluating and funding trading specifically for futures.

Account holders keep the first portion of profits at 100% up to initial thresholds, then ~90% afterwards, with typical processing around bi‑weekly through standard routes. Account sizes range from tens of thousands to ~$500K+ depending on plans.

For future trading and pathways to learn risk management, Topstep has the longest history and the most established evaluation system.

Topstep Key Features

1. Funded trading with a focus on futures.
2. Profit split starts at 100% on initial thresholds & ~90% after.
3. Payouts bi-weekly.
4. Account sizes up to ~$500K+.
5. Long term process of evaluation for training on risk management.

Topstep Pros & Cons

Pros:

1. Funded accounts are focused on futures.
2. Initial profit splits are often 100%, then 90% after.
3. Good evaluation & risk management training.
4. Bi-weekly payouts available on various account sizes.

Cons:

1. Trading is only allowed on futures.
2. Slower payouts than instant funding.
3. Evaluation can be time-consuming and strict.

10) FTUK

With clear and fast growing rules, FTUK focuses on 1‑step, 2‑step, and instant funding options and growing tiers and sizes of simulated funds up to $6.4M.

Compared to STMO challenges, FTUK’s profit splits and payment timelines are faster and simpler and preferred by traders.

FTUK’s clients are traders who appreciate instant funding and clear, simple rules allowing for direct access to scalable capital across various markets.

FTUK Key Features

1. Different challenges: 1-step, 2-step, and instant funding.
2. Rules are clear, and scaling opportunities are quick and easy.
3. Account sizes go up to $6.4M.
4. Profit splits are model-dependent, focusing on speed and ease.
5. Instant funding available + clear rules = multiple market support.

FTUK Pros & Cons

Pros:

1. Instant funding, 1-step, and 2-step challenges.
2. Fast scaling options and clear rules.
3. $6.4M account sizes available.
4. Multiple strategies and markets are supported.

Cons:

1. Different account types have different profit splits.
2. Some traders find the platform has a steep learning curve.
3. Compared to FTMO, they are a newer firm with a smaller community.

How FTMO-Style Rule Changes Impact Traders

Changes to rules affect traders in many ways, here are some examples with each example phrased in around 30 words:

Tighter Drawdown Limits

Maximum drawdowns being affected as traders are forced to be more disciplined in their trading and limited in their opportunities as their positional sizing and risk strategies are affected.

Higher Consistency Targets

Evaluation periods are shortened making traders plan better as they have to be more disciplined to meet a target and not lose their opportunity to evaluate.

Shorter Evaluation Periods

Evaluation period are shortened and traders need to act quickly which will increase stress and reduce their flexibility to test their strategies

Restrictions on Weekend & News Trading

Not being able to trade during periods of high volatility can hurt trading opportunities of swing traders

Modified Profit Split Rules

Changes in rules affect a traders overall net profit and require traders to think about better trading strategies to increase profit, switch firms, or a combination of both

Stricter Risk Management Enforcement

Making rules to limit trade sizes, account protections, and other rules causes aggressive traders to be more safe but limits aggressive trading styles.

Higher Evaluation Costs –

Certain changes to rules heighten challenging fees or modify/reset conditions. This increases the costs to access funded accounts and decreases profitability for small traders.

Key Criteria to Evaluate Prop Firms Post Rule Changes

Here is a breakdown of some important factors to consider regarding prop firms post FTMO-style rule changes and will provide each factor

Payout Speed and Frequency – Payments every week, two weeks, or on-demand provide traders with good cash flow and the ability to access and use their profits whenever they want.

Profit Split Percentage – When looking to maximize earnings at a firm, traders should compare percentages and consider the scaling, eval, and tier programs to make sure they’re in profit long-term.

Minimum Withdrawal Rules – When minimum withdrawal rules are less restrictive, traders have the ability to access their profits whenever they want and use that money to reinvest.

Account Sizes and Scalability – Firms that provide traders with account sizes in a wide range and enable growth opportunities in scalable increments help traders make increases in capital as their performance increases.

Evaluation Challenge Structure – Single-step, multi-step, and immediate funding challenges provide a range of options and risk levels, so traders should consider which challenges fit their experience and comfort levels.

Trading Flexibility – Experienced traders and swing traders will appreciate more trading flexibility with less restrictive access to certain trading instruments, including overnight, weekend, and news trading as opposed to other types of trading.

Risk Management Rules – Firms with clear rules around drawdown, position size, and leverage tend to protect capital; knowing the rules allows the trader to modify his/her approach to the business to avoid having his/her account closed.

Platform and Market Access – Having MT4, MT5, cTrader, and access to forex, commodities, indices, crypto, or futures assists with the implementation and streamlining of trading and diversification of trading strategies.

Support and Community – Community, experienced support, and educational material greatly enhance the learning, troubleshooting, and networking process, especially after a firm implements new rules.

Cost and Challenge Fees – Evaluation costs, subscription fees, and reset penalties should be considered. When a firm implements more difficult rules, costs become a determining factor around the firm’s profitability.

Conclusion

To sum up, the most recent changes in FTMO-style rules such as drawdown changes, new consistency targets, and changes in evaluation structures have changed the landscape of the prop trading industry. Now, traders value payout speed, profit split size, trading flexibility, scalable account size, and funding amount the most.

In looking at the top ten trading firms, FTMO still has the best reputation, especially for structured growth, while FundedNext, Goat Funded Trader, and FunderPro all have quicker payouts and more flexible funding. E8 Markets and The5ers also have great scaling, community, and analytics, and support.

Considering the changes to prop firms, the most important factors now, as supported by data, are strong trading strategy and low risk to support the profit ownership and speed of capital access. This is also true for the funded trading industry to create a sustainable long-term success model.

FAQ