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Prop Trading

Prop Firm Rules Compared: Drawdown, Targets, Fees and Payouts

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A prop firm rules comparison sets the challenge rules of different firms side by side. This table shows, for every challenge we review, the fee, profit target, daily and maximum loss limits, static or trailing drawdown, time limits and profit split, with the date each firm was last checked. Rule changes are logged below with their source.

Prop firm rules, side by side

The table below shows every challenge programme of the prop firms we review, for a $100,000 account unless stated otherwise. It is built from the same data as our reviews, so when a firm’s rules change and we update its review, this table changes with it. Use the filters to show only one-step or two-step challenges, or only static or trailing maximum loss.

16 programmes
Challenge rules of the prop firms we review
Firm and programmeAccountFeeProfit targetDaily lossMaximum lossMin days / time limitProfit split and notes
Alpha Capital
Alpha Pro 8%
2-step · verified 3 October 2026
$100,000$577 (bi-weekly payouts) or $527 (on-demand)8% (phase 1), 5% (phase 2)4%, balance-based, reset daily8% of the initial balance
static
3 per phase
None (30 days without trading closes the account)
80% (90% as a paid add-on on on-demand)
No weekend holding on the funded account. Scaling of 10% per 10% profit, up to $2M.
Alpha Capital
Alpha Pro 6%
2-step · verified 3 October 2026
$100,000$427 (bi-weekly payouts) or $397 (on-demand)6% (phase 1), 6% (phase 2)3%, balance-based, reset daily6% of the initial balance
static
3 per phase
None (30 days without trading closes the account)
80% (90% as a paid add-on on on-demand)
Same funded-account rules as Alpha Pro 8%.
Alpha Capital
Alpha One 10%
1-step · verified 3 October 2026
$100,000$477 (on-demand)10%4%, reset daily6% below the highest balance, locking at the initial balance
trailing, locks at initial balance
1
None (30 days without trading closes the account)
80% (90% as a paid add-on)
Weekend holding allowed. No scaling.
E8 Markets
E8 One (default settings)
1-step · verified 3 October 2026
$100,000$4889%$4,000 from the day's starting balance at 00:00 server time6%, rising with closed profits and locking at the initial balance
trailing, locks at initial balance
None
None (one closed trade every 60 days)
80% (90% or 100% at a higher fee)
Drawdown (4% to 14%) and split chosen at checkout change the fee, target and daily limit. 40% best-day rule and a news restriction on the funded account. Payouts on demand.
E8 Markets
E8 Pro
1-step · verified 3 October 2026
$100,000$4888% (at most 2% counts per day)2.5% of the initial balance, from the day's starting balance8% of the initial balance
static
None
None (one closed trade every 60 days)
80% or 100%
No consistency rule. Daily payouts once profit reaches 1%; half of the profit stays in the account as a buffer.
E8 Markets
E8 Signature
1-step · verified 3 October 2026
$100,000$2806%None in the challenge; a 2% daily pause on the funded account3% below the highest end-of-day balance, locking at the initial balance
end-of-day trailing
None
None (one closed trade every 60 days)
80%
No overnight or weekend holding. 35% best-day rule and payout caps ($2,250 for the first payout) on the funded account.
FTMO
FTMO Challenge (2-Step)
2-step · verified 3 October 2026
$100,000€54010% (phase 1), 5% (phase 2)5% of initial capital, below the balance at 00:00 CE(S)T, checked on equity10% of initial capital
static
4 per phase
None
80%, up to 90%
Fee refunded with the first reward. Swing account type available (no news or weekend restrictions on the funded account).
FTMO
FTMO Challenge (1-Step)
1-step · verified 3 October 2026
$100,000€49910%3% of initial capital, below the balance at 00:00 CE(S)T, checked on equity10% below the highest balance at 00:00 CE(S)T
end-of-day trailing
None
None
90%
Fee not refunded. Consistency rule 50% on the challenge and funded account (best day ÷ total profit; positive days' profit on accounts from orders before 12 October 2026).
FundedNext
Stellar 2-Step
2-step · verified 3 October 2026
$100,000$549.998% (phase 1), 5% (phase 2)5% of the initial balance, closed and floating losses, reset at 00:00 server time10% of the initial balance
static
5 per phase
None
80%, up to 90% (95% with a paid add-on)
Fee refunded with the first reward. First reward after 21 days, then every 14 days (other payout options at checkout).
FundedNext
Stellar 1-Step
1-step · verified 3 October 2026
$100,000$569.9910%3% of the initial balance, closed and floating losses, reset at 00:00 server time6% of the initial balance
static
2
None
80%, up to 90% (95% with a paid add-on)
Fee refunded with the third reward. Rewards every 5 business days.
FundedNext
Stellar Lite
2-step · verified 3 October 2026
$100,000$399.998% (phase 1), 4% (phase 2)4% of the initial balance, closed and floating losses, reset at 00:00 server time8% of the initial balance
static
5 per phase
None
80%, up to 90%
Fee refunded with the third reward.
The5ers
High Stakes (New)
2-step · verified 3 October 2026
$100,000$40510% (step 1), 5% (step 2)4% of the day's starting equity or balance, whichever is higher, at 00:00 server time8% of the initial balance
static
3 profitable days per step
None
80%, up to 100%
Fee returned in parts (10% and 20% as Hub Credits, 70% with the first payout). Payouts every 14 days, capped at $4,000 per cycle.
The5ers
High Stakes (Classic)
2-step · verified 3 October 2026
$100,000$4558% (step 1), 5% (step 2)4% of the day's starting equity or balance, whichever is higher, at 00:00 server time8% of the initial balance
static
3 profitable days per step
None
80%, up to 100%
Same refund and payout rules as High Stakes (New).
The5ers
Bootcamp
3-step · verified 3 October 2026
$100,000 funded (steps on $25,000, $50,000 and $75,000)$95 + $205 on passing6% per step, on $25,000, $50,000 and $75,000None during the evaluation; 3% daily pause on the funded account5% per step; 4% on the funded account
static
None
None
50%, up to 100%
Funded at $100,000 after three evaluation steps on smaller accounts.
Topstep
Trading Combine (Standard)
1-step · verified 3 October 2026
$100,000$99 a month + $149 activation$6,000 (6%)None by default; an optional $2,000 limit pauses trading for the day without failing the account$3,000 below the highest end-of-day balance, locking at the starting balance
end-of-day trailing
2 in practice (55% consistency target)
None (subscription renews every 30 days)
90%
Futures only, intraday only (positions closed by 3:10 PM CT). Up to 10 mini contracts.
Topstep
Trading Combine (No Activation Fee)
1-step · verified 3 October 2026
$100,000$149 a month, no activation fee$6,000 (6%)None by default; an optional $2,000 limit pauses trading for the day ($20 a month cheaper)$3,000 below the highest end-of-day balance, locking at the starting balance
end-of-day trailing
2 in practice (55% consistency target)
None (subscription renews every 30 days)
90%
Same rules as the Standard path; the path cannot be changed after purchase.

Fees are regular prices on the verification date; firms often run discounts. Topstep’s programmes are for futures only; the other firms offer forex and CFDs. All figures come from each firm’s own website; follow the firm’s name to its review for sources.

How to read the table

  • Profit target: the gain needed to pass each phase, as a percentage of the starting balance: prop firm challenge.
  • Daily loss: the most the account may lose in one day. Firms measure it from the day’s starting balance, equity or the higher of the two, and the reset time differs between firms.
  • Maximum loss: the overall floor the account must stay above. Static means the floor is fixed below the starting balance; trailing means it moves up as the account makes new highs: prop firm drawdown rules.
  • Profit split: the share of profit paid to the trader, often rising with scaling plans or paid add-ons: prop firm payouts.

The room left before each limit for your own account: prop firm drawdown calculator.

Rule changes log

Prop firms change rules, prices and payout terms often. Each change we find is recorded here with the date and a link to the firm’s own page.

  • , FTMO: 1-Step: the Best Day rule (best day no more than 50% of positive days' profit) was replaced by a Consistency rule (best day no more than 50% of total profit) for accounts from orders created, or accounts merged, on or after 12 October 2026; not a breach. Found on 18 October 2026. (source)

How we keep this table current

Under our prop firm methodology, each reviewed firm’s rules pages are checked at least once a month, and whenever its review is updated. The date under each firm is the last time its facts were checked against its own website. Scores and rankings are in the reviews and the best prop firms list, under our prop firm methodology; this table only reports the rules and does not rank the firms; it is sorted alphabetically.

Frequently asked questions

Which prop firms have a static maximum drawdown?

Filter the table by maximum loss. Among the firms we review, FTMO's 2-Step Challenge, The5ers High Stakes and Bootcamp, all FundedNext Stellar challenges, E8 Pro and Alpha Pro use a static maximum loss, as of the verification dates shown.

What is the difference between static and trailing drawdown?

A static maximum loss is fixed at a level below the starting balance. A trailing one moves up as the account makes new highs, so profits raise the floor; some trail end-of-day balances, others intraday equity, and some stop trailing at the starting balance.

How often is this table updated?

Under our methodology, each firm's rules are checked against its own website at least once a month and whenever a review is updated. The date of the last check is shown under each firm, and changes are logged with their date and source.

Why are all accounts $100,000?

Fees, targets and limits scale with account size, so comparing one size keeps the table fair. Firms offer other account sizes, with fees and limits that differ by size; check the firm's site.