Forex Prop Firms: Best Funded Forex Trading Accounts 2026
Forex prop firms have transformed currency trading by providing retail traders access to substantial capital. This comprehensive guide covers the best forex proprietary trading firms, evaluation processes, profit splits up to 90%, funding up to $400K, and detailed comparisons to help you find the perfect funded forex account for your trading style.
Forex prop firms provide funded accounts for currency pair trading across global markets. Source: Unsplash
What Are Forex Prop Firms?
Forex prop firms are proprietary trading companies that provide capital specifically for foreign exchange (currency pair) trading. Instead of risking your own money, you trade with the firm's funds—typically $10,000 to $400,000—and keep 70-90% of profits. In exchange, traders must pass evaluation challenges demonstrating consistent profitability.
The forex market, with $7.5 trillion daily volume, is ideal for prop trading due to high liquidity, 24/5 access, and tight spreads. Top forex prop firms like FTMO, FundedNext, and MyFundedFX support MetaTrader 4, MT5, and cTrader.
How Forex Prop Firms Work
Learn how forex proprietary trading firms operate, the evaluation process, and how to get funded.
Top 10 Forex Prop Firms 2026
1. FTMO
FTMO is the industry-leading forex prop firm, established in 2015 and based in Czech Republic. With over $100 million paid out to traders, FTMO sets the standard for funded forex trading. They offer accounts up to $400,000 with profit splits reaching 90% for successful traders.
FTMO's two-phase evaluation (FTMO Challenge + Verification) requires 10% profit in Phase 1 and 5% in Phase 2. Maximum drawdown is 10% overall and 5% daily. The evaluation period is 30 days per phase, with minimum 4 trading days required.
Key features include: free retries if profit target reached but drawdown violated, comprehensive trading dashboard, performance analytics, and bi-weekly payouts. FTMO supports MT4, MT5, and cTrader with access to forex, indices, commodities, stocks, and crypto.
FTMO Pros & Cons
✓ Industry reputation
✓ Free retries available
✓ Excellent support
✗ Slightly higher fees
✗ News trading restricted
2. FundedNext
FundedNext has rapidly become one of the most popular forex prop firms, known for aggressive scaling and high profit splits. Based in UAE, they've paid out over $60 million to traders since 2022.
FundedNext offers multiple evaluation models: Evaluation (2-phase), Express (1-phase), and Stellar programs. Their unique 15% profit sharing during the evaluation phase (Stellar) means you can earn while proving yourself. Scaling goes up to $4 million.
Features include: dedicated account managers, weekend holding allowed, news trading permitted, and support for EAs. First payout available after just 5 trading days on funded accounts.
FundedNext Pros & Cons
✓ Profit during evaluation
✓ Aggressive scaling
✓ News trading allowed
✗ Newer company
✗ Complex program options
3. MyFundedFX
US-based firm offering up to $600K funding with 80% profit split. One-phase and two-phase options available. Known for excellent customer service and fast payouts.
4. E8 Markets
Multi-asset prop firm with forex, indices, commodities, and crypto. Accounts up to $400K with 80% profit split. Known for flexible trading rules and EA-friendly policies.
5. The5%ers
Unique prop firm with low-risk, high-potential model. Start with $20K and scale to $4M. Instant funding option available. Known for swing trader-friendly rules.
6. FunderPro
Fast-growing forex prop firm with accounts up to $200K. 90% profit split and quick payouts within 24 hours. One-phase evaluation with reasonable targets.
7. True Forex Funds
Established forex prop firm with straightforward rules. Accounts up to $400K with 80% profit split. Two-phase evaluation with unlimited time.
8. Funded Trading Plus
UK-based forex prop firm with flexible programs. Standard and aggressive options. Up to $200K funding with 80-90% profit splits.
Forex Prop Firms Comparison Table
| Firm | Max Funding | Profit Split | Eval Type | Platforms | News Trading | EAs Allowed |
|---|---|---|---|---|---|---|
| FTMO | $400,000 | 90% | 2-Phase | MT4, MT5, cTrader | Limited | Yes |
| FundedNext | $300K (→$4M) | 90% | 1/2-Phase | MT4, MT5 | Yes | Yes |
| MyFundedFX | $600,000 | 80% | 1/2-Phase | MT4, MT5 | Yes | Yes |
| E8 Markets | $400,000 | 80% | 2-Phase | MT4, MT5 | Yes | Yes |
| The5%ers | $4,000,000 | 80% | Various | MT5 | Yes | Yes |
| FunderPro | $200,000 | 90% | 1-Phase | MT4, MT5 | Yes | Yes |
How Forex Prop Firm Evaluations Work
Two-Phase Evaluation
The most common forex prop firm evaluation model. Demonstrates both profit-making ability and consistency.
Phase 1: Challenge
- • Profit target: 8-10%
- • Time limit: 30 days typical
- • Max drawdown: 10%
- • Daily drawdown: 5%
- • Minimum trading days: 5
Phase 2: Verification
- • Profit target: 5%
- • Time limit: 60 days typical
- • Same drawdown rules
- • Proves consistency
- • Upon passing: Funded Account
One-Phase Evaluation
Faster path to funding with single challenge phase. Often has slightly stricter profit targets.
Single Challenge
- • Profit target: 10%
- • Time limit: 30-45 days
- • Max drawdown: 8-10%
- • Daily drawdown: 4-5%
- • Direct to funded upon passing
Benefits
- • Faster funding (2-4 weeks possible)
- • Lower total cost
- • Single evaluation fee
- • Less time investment
Currency Pairs Available at Forex Prop Firms
Major Pairs
Highest liquidity, tightest spreads. Available at all forex prop firms.
- • EUR/USD (Euro/Dollar)
- • GBP/USD (Pound/Dollar)
- • USD/JPY (Dollar/Yen)
- • USD/CHF (Dollar/Franc)
- • AUD/USD (Aussie/Dollar)
- • USD/CAD (Dollar/Loonie)
- • NZD/USD (Kiwi/Dollar)
Minor Pairs (Crosses)
Good liquidity without USD. Popular for diversification.
- • EUR/GBP
- • EUR/JPY
- • GBP/JPY
- • EUR/AUD
- • GBP/AUD
- • EUR/CAD
- • AUD/JPY
Exotic Pairs
Higher volatility, wider spreads. Check firm availability.
- • USD/ZAR (South African Rand)
- • USD/MXN (Mexican Peso)
- • USD/TRY (Turkish Lira)
- • EUR/TRY
- • USD/SEK (Swedish Krona)
- • USD/NOK (Norwegian Krone)
- • USD/SGD (Singapore Dollar)
Frequently Asked Questions About Forex Prop Firms
What are forex prop firms?
Forex prop firms are proprietary trading companies that provide traders with capital to trade foreign exchange (currency pairs). Instead of risking personal funds, traders use the firm's money and share profits—typically keeping 70-90% of gains. Popular forex prop firms include FTMO, FundedNext, MyFundedFX, and E8 Markets.
What is the best forex prop firm in 2026?
The best forex prop firms in 2026 include: FTMO (industry leader with $400K funding and 90% profit split), FundedNext (fast scaling up to $4M), MyFundedFX (up to $600K funding), and E8 Markets (multi-asset including crypto). The best choice depends on your trading style, preferred platform (MT4/MT5/cTrader), and account size requirements.
Can I use EAs with forex prop firms?
Many forex prop firms allow Expert Advisors (EAs) and automated trading systems. However, rules vary: some require EAs to be disclosed, others prohibit certain strategies like grid/martingale systems or high-frequency trading. Always verify EA policies with your chosen firm before starting the evaluation.
What platforms do forex prop firms use?
Forex prop firms primarily use MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms. MT4 remains popular for its simplicity and EA compatibility. MT5 offers advanced features and more asset classes. cTrader provides superior charting and execution.
How are forex prop firms different from futures prop firms?
Forex prop firms focus on currency pairs traded via CFDs on MT4/MT5, while futures prop firms like Apex and TopStep trade regulated futures contracts on CME. Key differences: forex has 24/5 access vs. specific futures sessions, forex uses MT4/MT5 vs. NinjaTrader/Tradovate for futures, and forex has lower margin requirements typically.
Can US traders use forex prop firms?
US traders have limited options for forex prop firms due to CFTC regulations. Many forex prop firms don't accept US clients. However, futures prop firms like Apex Trader Funding, TopStep, and My Funded Futures specifically cater to US traders with regulated CME futures access.