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Forex→Prop Firm Directory

Every forex prop firm worth taking seriously in 2026, in one place. The three featured firms below represent the majority of trader activity in the forex prop space — FundedNext alone holds 68,000+ Trustpilot reviews, the highest of any prop firm globally. The remaining eight in the table beneath are legitimate operators with smaller trader bases or more recent founding dates — including three 2026 additions: Hola Prime, Maven Trading, and City Traders Imperium. New this quarter: FTMO US (relaunched US access in August 2025 via OANDA partnership), E8 Markets (US-registered, accepts US clients), FXIFY (broker-backed, no strategy restrictions), and ThinkCapital (ThinkMarkets' prop arm — FCA/ASIC-regulated broker backing with MT5 access for US traders). Notable absences (MyForexFunds, TrueForexFunds, FundingTicks, and Funding Pips) are intentionally excluded — the first three shut down in recent years, and Funding Pips shares ownership with the collapsed FundingTicks operation.

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▸ FEATURED FIRMS

The three to start with

★4.8 · 20,800 reviews

Industry's longest-running forex prop firm at 10+ years. Two-step Challenge → Verification → FTMO Trader account. Challenge fee refunded with first payout. Static percentage drawdown makes risk math more predictable than the trailing models common in futures. Resumed US client access in August 2025 via a strategic partnership with OANDA — US traders now use the separate FTMO US program (MT5-only, five states still excluded).

✓ 10+ year operating history ✓ $500M+ verified payouts ✓ Fee refunded after first payout ✓ US access restored (Aug 2025) ✓ US version allows news trading + overnight holds
! Not available in AR, DE, LA, MT, SC ! US program is MT5-only
View FTMO pricing →
★4.7 · 68,086 reviews

Highest Trustpilot review count of any prop firm globally. Three Stellar models (1-Step, 2-Step, Lite). Standout feature is unmatched in the industry: a 15% performance reward paid from profits made during the evaluation phase itself, regardless of whether the trader passes. Up to $4M scaling cap on funded accounts.

✓ 68K+ Trustpilot reviews (highest) ✓ 15% reward during evaluation ✓ Accepts US clients ✓ Unlimited time on challenges
! News profit split rule (40% on tier-1) ! Younger firm (founded 2022)
View FundedNext pricing →
★4.9 · 17,800 reviews

Highest Trustpilot rating among major forex prop firms at 4.9/5. Discipline-first philosophy positions it for swing traders rather than aggressive scalpers. Eight-level scaling plan grows accounts from $20K up to $4M. Accepts US clients. Lower maximum leverage (30:1) than competitors — a feature, not a limitation, for risk-conscious traders.

✓ 4.9/5 Trustpilot (highest) ✓ 9 years operating ✓ Accepts US clients ✓ Scales to $4M via 8 tiers
! Lower leverage cap (30:1) ! MT5-only platform support
View The5ers pricing →
▸ COMPLETE DIRECTORY

All 11 forex prop firms tracked

The forex prop firm space is smaller than futures by credible-operator count — eleven firms cover essentially the entire vetted market. The three featured firms above are the largest by trader count and payout volume. The remaining eight below are legitimate operators with smaller but verified track records. Recent additions: E8 Markets (Dallas-based, US-friendly), FXIFY (UK-based, broker-backed via STP execution), ThinkCapital (London-based, backed by FCA/ASIC-regulated ThinkMarkets — one of the few firms offering MT5 to US traders after the 2024 MetaQuotes crackdown), plus three 2026 entrants — Hola Prime, Maven Trading, and City Traders Imperium.

Firm Founded Trustpilot Standout Feature US Clients
FTMO
Featured 		2015 ★4.8 · 20.8K Longest history. $500M+ payouts. FTMO US via OANDA partnership. Yes* View →
FundedNext
Featured 		2022 ★4.7 · 68K 15% reward during evaluation. Highest review count. Yes View →
The5ers
Featured 		2016 ★4.9 · 17.8K Highest Trustpilot. Discipline-first. Scales to $4M. Yes View →
E8 Markets
New 		2021 ★4.4 · 3.2K Dallas-based. $68M+ paid to 18.9K traders. DXTrade access. Yes View →
FXIFY
New 		2023 ★4.4 · 5.6K UK-based. No strategy restrictions. STP broker-backed execution. Yes View →
ThinkCapital
New 		2024 ★4.3 · 610 ThinkMarkets' prop arm (FCA/ASIC/CySEC broker backing). MT5 for US traders. Fee refunded on first payout. Yes View →
FunderPro
 2023 ★4.6 · 4.2K Malta-regulated. Real money funding model. Scales to $5M. Yes View →
Funded Trading Plus
 2021 ★4.7 · 7.8K UK-based. 90%+ profit splits. HFT and scalping allowed. Yes View →
Hola Prime
New 		2024 ★4.8 · 5K+ 1-hour payouts, zero-denial policy (Deloitte-audited). EAs & news OK. Check View →
Maven Trading
New 		2022 ★4.4 · 3K Budget entry (~$13). 80% flat split. $10K/30-day payout cap. Check View →
City Traders Imperium (CTI)
New 		2018 ★4.3 · 1.7K Since 2018. Education + community. US via MatchTrader. Yes View →

* FTMO US accepts US residents but excludes five states (Arkansas, Delaware, Louisiana, Montana, South Carolina) and is MT5-only. The non-US FTMO Global product remains unavailable to US persons. "Check" = US eligibility not independently confirmed; verify on the firm's own site before paying.

Updated May 2026: FTMO's US client status changed in August 2025 — the firm relaunched US access through a partnership with OANDA. Older articles and YouTube reviews that say "FTMO doesn't accept US clients" are out of date. The FTMO US program runs as a separate entity from FTMO Global; see the FTMO featured card above for current eligibility and state-level exceptions.
A note on ThinkCapital: Added June 2026 after vetting. The trust case is unusually strong for a 2024-founded firm: it operates as Think Capital Services UK Ltd, backed by ThinkMarkets — a broker regulated by the FCA, ASIC, and CySEC — with $1.1M+ in confirmed payouts across 437+ transactions and a fee refund on first payout. The fine print to know before buying: the 4-minute news blackout on most programs is a hard breach even if a pre-placed stop loss triggers during the window, the advertised 90% split and weekly payouts are paid add-ons (base is 80%, bi-weekly), and payouts require 3 profitable trading days per cycle. Read the rules; the broker backing is real, but the add-on model means the sticker price isn't the whole story.

Firms we don't recommend (and why)

The forex prop firm space has seen significant volatility. Three notable firms that traders may encounter in older articles or YouTube reviews are no longer in operation — and a fourth, Funding Pips, is excluded due to its corporate relationship with one of those failed firms. Knowing which firms have shut down (and which firms share ownership with those that did) is just as important as knowing which firms are currently operating.

MyForexFunds (MFF) ceased operations in 2023 after being charged with fraud by the CFTC and Ontario Securities Commission. The firm had over 100,000 traders at its peak. Funded traders lost access to accounts and unpaid balances. TrueForexFunds shut down in August 2024 after sustained complaints about delayed and withheld payouts. FundingTicks shut down January 18, 2026 after retroactive rule changes triggered widespread trader backlash and funded balances became inaccessible.
Funding Pips is excluded from the active directory due to its corporate relationship with the collapsed FundingTicks operation. While Funding Pips itself remains operational with strong Trustpilot metrics (4.7/5 across 50,000+ reviews) and over 1.3M traders served, the failure of a sister firm — under shared or overlapping ownership — is a governance signal that warrants extreme caution. When affiliated firms collapse with unpaid trader balances, the parent organization's risk profile changes regardless of the surviving firm's standalone performance. This is the same leading indicator that preceded the MFF and TrueForexFunds collapses. Traders considering Funding Pips should verify the current corporate structure independently before committing capital.
Goat Funded Trader, For Traders, Aqua Funded, and Blue Guardian all had their Trustpilot ratings suspended in 2025–2026 for suspected fake review manipulation. This is not definitive proof of fraud, but Trustpilot manipulation is a serious governance signal and is sufficient grounds for exclusion. Several of these firms continue to operate and may be perfectly fine to use — but the inability to verify independent review data makes them impossible to vet to the standard we apply to the firms above.
DNA Funded — vetted June 2026, declined for now. The ASIC-regulated broker backing through parent DNA Markets is a genuinely strong credibility signal. But the Trustpilot record is small (roughly 60–90 reviews) and polarized at 3.4–3.9, with roughly 39% negative — and the complaint pattern includes platform freezing during trades, duplicate orders, and payout-eligibility confusion. At a prop firm, the platform decides whether you breach; platform-integrity complaints are disqualifying until the record matures. The firm also isn't listed on Prop Firm Match. On the watchlist for re-evaluation in a future quarter.

Other firms excluded from this directory:

  • Firms with under 18 months of operation. The forex prop firm space is the most volatile of the three markets — too early to evaluate payout reliability or rule stability.
  • Firms with verified non-payment complaints. Multiple unresolved Trustpilot or Reddit complaints about withheld payouts is a hard exclusion.
  • Firms that switched to retroactive rule changes. MFF, TrueForexFunds, and FundingTicks all changed rules in ways that disadvantaged existing traders. This pattern is a leading indicator of insolvency.
  • Firms sharing ownership with collapsed operators. Sister-firm failures are a governance red flag. Even a healthy-looking firm can become exposed when affiliated entities collapse with unpaid trader balances.
  • Firms with suspended Trustpilot ratings. If Trustpilot has flagged a firm for suspected review manipulation, we can't independently verify trader experience and the firm is excluded until reinstated.
  • Affiliate-marketing-first operations. Some "prop firms" are primarily affiliate funnels with minimal actual trading infrastructure. These get excluded regardless of marketing spend.

If a forex prop firm you're considering isn't listed above, that's a signal worth taking seriously. The forex space has historically had a high failure rate compared to futures or crypto props. The comparison tool will narrow these 11 to the 2–4 that actually fit how you trade.

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This directory is updated quarterly. Data verified June 13, 2026. Inclusion in the directory is based on editorial judgment — operating history, trader base, payout reliability, rule stability, and corporate governance — not on commission rates. Some outbound firm links on this page may be affiliate links; they never affect inclusion, rankings, or editorial judgment, and partnerships are disclosed where they exist. Content is educational and not financial advice. Forex and CFD trading involves substantial risk of loss. ESMA-regulated broker disclosures consistently show 70–85% of retail CFD accounts close at a loss.