Built by traders, for traders.

FirmScopes exists because we got tired of guessing which prop firms were trustworthy. So we built a system that removes the guesswork — tracking 48+ firms with real data, not paid placements.

The problem

The prop trading industry has exploded. New firms launch every week. Some are excellent — well-capitalised, fair rules, fast payouts. Others disappear overnight, change rules without warning, or delay payouts indefinitely.

Existing comparison sites are often paid placements dressed up as reviews. A firm pays to be "featured" or "recommended," and suddenly they're ranked #1. Traders have no way to know what's genuine and what's an ad.

FirmScopes takes a different approach. We scrape data directly from each firm's own website, cross-reference it with trader feedback and reviews, and present it without editorial bias. No firm can pay to influence their ranking.

How FirmScopes works

Automated data collection

Our AI pipeline visits each firm's website monthly, extracting pricing, challenge rules, drawdown limits, payout terms, and platform details directly from the source. No manual data entry, no copy-paste errors.

Multi-source verification

We cross-reference firm data with trader-submitted reviews and payout reports. A firm's trust score reflects what traders actually experience, not what marketing pages claim.

Monthly refresh cycle

Prop firms change rules, pricing, and policies frequently. Our pipeline re-scrapes every firm monthly so you always see current data — not information from six months ago.

No paid rankings

Rankings are calculated algorithmically from verified trader reviews and data analysis. Firms cannot pay to boost their position, buy featured placement, or suppress negative reviews.

Confidence indicators

Every firm shows a data confidence level — 'high', 'medium', or 'low' — based on how clearly their own website states their terms. If a firm hides key policies, we flag it.

Community-driven reviews

Registered traders can submit reviews with star ratings and upload payout certificates as proof. Reviews are moderated before publishing. Verified payouts carry more weight in our trust scoring.

Verified payout certificates

Traders can upload payout certificates when leaving reviews. Our AI analyses each certificate for authenticity — checking firm branding, payout details, and signs of manipulation. Verified payouts boost a firm's trust score.

Tools we built for traders

The data alone isn't the point — the point is helping you decide. Three tools turn raw firm data into a clear next step.

Challenge Calculator

New

Ranks every firm by how likely you are to pass their challenge, given your trading edge.

You enter two numbers — your win rate and your average risk-to-reward ratio — plus the percentage of the account you risk on each trade. The calculator models every firm's real profit target and drawdown rules against your edge and returns a pass-probability and expected number of trades to pass for each firm. Multi-stage challenges are broken down phase by phase.

The math is the diffusion approximation of an asymmetric random walk — the same underlying model used in risk-of-ruin theory. It's a guideline, not a guarantee, but it's honest about which firms suit your style and which are statistically a long shot.

Try the calculator

What we track for every firm

Challenge types1-step, 2-step, 3-step — with separate rules and pricing for each
Account sizes & pricesEvery tier from the smallest to the largest, with exact pricing
Profit targetsPhase 1, Phase 2, and Phase 3 targets where applicable
Drawdown limitsMax daily drawdown and max overall drawdown, including trailing vs. static
Profit splitTrader's share of profits, including scale-up programs
Payout timingFirst payout eligibility, frequency, and processing speed
Payout methodsWire, crypto, Skrill, Rise, and other withdrawal options
Trading rulesNews trading, weekend holding, EA/bots, consistency rules
LeverageAvailable leverage per challenge type
PlatformsMT4, MT5, cTrader, Match-Trader, Tradovate, NinjaTrader, and more
InstrumentsForex, indices, commodities, crypto, futures
Max allocationLargest funded account available
Trust signalsYear founded, headquarters, regulation, and trader review scores
Firm classificationProp firm, broker, or hybrid — clearly labelled so you know what you're looking at

How trust scores are calculated

Each firm's trust score is a number out of 10, calculated from multiple data points:

Trader reviews

Star ratings and written reviews submitted by traders directly on FirmScopes. All reviews are moderated before publishing to ensure authenticity.

Data analysis

We analyse each firm's transparency, policy clarity, time in market, and data completeness. Firms that clearly state their terms score higher than those that obscure them.

Verified payouts

Traders who upload payout certificates with their reviews give firms a small trust score boost. Certificates are verified by AI and reviewed by our team before counting.

Scores are normalised to a 0–10 scale. Verified payout certificates add up to +0.5 to a firm's score, rewarding firms that consistently pay their traders.

We plan to expand this formula over time to include payout frequency tracking, rule change history, and time in market. The core principle will stay the same: no firm can pay to influence their score.

Understanding prop trading

New to prop trading? Here's a quick guide to the different markets, strategies, and terms you'll encounter when comparing firms.

CFD / Forex vs Futures

CFD / Forex

CFDs (Contracts for Difference) let you speculate on price movements of forex pairs, indices, commodities, and crypto without owning the underlying asset. Most prop firms offering CFDs use platforms like MetaTrader 4/5, cTrader, or TradeLocker.

Popular pairs: EUR/USD, GBP/USD, USD/JPY, XAU/USD (Gold)

Typical leverage: 1:30 to 1:100

Trading hours: 24/5 (Sunday evening to Friday evening)

Best for: Forex traders, those wanting diverse instruments

Futures

Futures contracts are standardised agreements to buy or sell an asset at a future date. Futures prop firms typically offer contracts on indices (ES, NQ, YM), commodities, and currencies. Platforms include NinjaTrader, Tradovate, and Rithmic.

Popular contracts: ES (S&P 500), NQ (Nasdaq), YM (Dow), CL (Crude Oil)

Micro contracts: MES, MNQ — smaller position sizes for lower risk

Trading hours: Nearly 24/5 with a daily settlement break

Best for: Index traders, those wanting exchange-traded transparency

Trading strategies explained

Scalping

Ultra-short-term trades lasting seconds to minutes. Scalpers aim for small, frequent profits by trading high volume. Requires fast execution and tight spreads.

Timeframe: Seconds to minutes

Best for: Active traders, quick decision-makers

💡 Some firms restrict scalping — check the rules before buying a challenge.

Day trading

Opening and closing trades within the same day. Day traders avoid overnight risk and typically trade during peak market hours for maximum volatility.

Timeframe: Minutes to hours

Best for: Full-time traders, those who monitor charts actively

💡 Most prop firms are designed for day traders — the most compatible strategy.

Swing trading

Holding trades for days to weeks, capturing larger price movements. Swing traders use technical and fundamental analysis to identify trends.

Timeframe: Days to weeks

Best for: Part-time traders, patient analysts

💡 Check weekend holding rules — some firms require positions closed by Friday.

Position trading

Long-term trades held for weeks to months. Position traders focus on macro trends and fundamental analysis rather than short-term price action.

Timeframe: Weeks to months

Best for: Macro traders, those with a long-term outlook

💡 Fewer prop firms suit this style — look for those with no time limits and overnight holding.

News trading

Trading around high-impact economic events like interest rate decisions, employment data, or GDP releases. High risk, high reward.

Timeframe: Seconds to hours

Best for: Fundamental analysts, event-driven traders

💡 Many firms restrict or ban news trading — always check the firm's specific rules.

Algorithmic / EA trading

Using automated systems (Expert Advisors) to execute trades based on programmed rules. Removes emotion from trading but requires technical setup.

Timeframe: Varies

Best for: Programmers, systematic traders

💡 Most firms allow EAs but ban high-frequency trading (HFT) and latency arbitrage.

Key terms to know

DrawdownThe maximum your account can drop from its peak balance. Can be static (fixed from starting balance) or trailing (follows your highest balance).
EOD trailing drawdownDrawdown that only recalculates at end of day — intraday dips that recover don't count. More forgiving than real-time trailing.
Profit targetThe percentage gain you need to hit to pass a challenge phase. Typically 8–10% for Phase 1 and 5% for Phase 2.
Consistency ruleA rule limiting how much of your total profit can come from a single day. Prevents one lucky trade from passing the challenge.
Profit splitThe percentage of profits you keep as a funded trader. Typically 80–90%, with some firms offering up to 100% on early payouts.
Scaling planA program that increases your account size over time as you prove consistent profitability. Some firms scale up to $2M+.
KYCKnow Your Customer — identity verification required by some firms before you can receive payouts. Usually involves uploading ID.
Evaluation / ChallengeThe testing phase where you prove your trading skills. Can be 1-step, 2-step, or 3-step. Each step has its own profit target and rules.

Frequently asked questions

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Is FirmScopes free to use?

Yes, completely free. You can browse all firms, compare them side by side, read reviews, and use the rankings without paying anything. Creating an account is also free and gives you personalised recommendations.

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How often is the data updated?

Our pipeline re-scrapes every firm monthly. If you notice outdated information, let us know — we can trigger a manual refresh for specific firms.

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Can prop firms pay to be listed or ranked higher?

No. Every firm we discover is listed automatically. Rankings are calculated from verified trader reviews and data analysis using a fixed algorithm. No firm can pay to influence their position.

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Why is some data missing for certain firms?

Our scraper extracts data from each firm's public website. If a firm doesn't clearly state their pricing, rules, or payout terms, those fields will show as unavailable. We mark each firm with a confidence level so you know how complete the data is.

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How do I submit a review?

Create a free account, then visit any firm's detail page. You'll find a review form where you can leave a star rating, written feedback, and optionally upload a payout certificate. Reviews are moderated before publishing to prevent spam.

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What is a verified payout badge?

When you submit a review, you can upload a payout certificate from the prop firm — these are the digital certificates firms issue when they pay you. Our AI analyses the certificate for authenticity (checking the firm's branding, payout details, dates, and signs of manipulation). If it passes, your review gets a green 'Verified payout' badge. This tells other traders that you've actually been paid by this firm.

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How does certificate verification work?

When you upload a payout certificate, our AI checks it for legitimacy — looking for the firm's name and logo, payout amounts, dates, and any signs of editing or manipulation. Certificates that pass the AI check are also reviewed by our team for a final confirmation. Verified certificates boost the firm's trust score by a small amount, rewarding firms that consistently pay traders.

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Do verified payouts affect a firm's ranking?

Yes. Each verified payout certificate adds a small boost to the firm's trust score (up to +0.5 points maximum). This means firms that consistently pay their traders are rewarded in our rankings. It's one of the few ways a firm's score can increase, and it's entirely driven by real trader experiences.

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What's the difference between CFD and Futures prop firms?

CFD (Contract for Difference) prop firms let you trade forex, indices, commodities, and crypto through simulated accounts. They typically use platforms like MT4, MT5, or cTrader. Futures prop firms let you trade CME futures contracts (E-minis, Micros) through platforms like Tradovate or NinjaTrader. Some firms like FundedNext offer both. You can filter by CFD or Futures on our Browse page.

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How do I upload a payout certificate?

When you leave a review on any firm's page, you'll see a 'Payout certificate' upload area below the review form. Click 'Choose file' and select your certificate image (JPEG, PNG, WebP, or PDF, max 5MB). Before submitting, you'll need to tick the privacy consent checkbox. After submission, our AI will verify the certificate and our team reviews it before it's displayed.

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What happens to my personal information on the certificate?

Your privacy is protected. Before any certificate is displayed publicly, personal identifying information — your name, email address, and account number — is redacted. The payout amount and firm details remain visible to help other traders, but your identity stays anonymous. You must consent to these terms before uploading.

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What is the 'Proof of payouts' section on firm pages?

Each firm's page has a 'Proof of payouts' gallery showing verified payout certificates uploaded by traders. This is one of FirmScopes' unique features — it gives you real evidence that a firm is actually paying traders, not just marketing claims. The gallery shows the payout amounts and dates, with all personal details redacted.

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Where can I see prop firm news and updates?

The homepage features a live news ticker and swipeable news cards with the latest updates. For a full archive of all prop firm news, rule changes, and industry updates, visit the News page via the navigation menu. News is sourced from across the industry and rewritten by our AI — we always link back to the original source.

About prop trading

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What is a prop trading firm?

A proprietary (prop) trading firm provides traders with simulated capital to trade. You pay a fee to take a trading challenge or evaluation. If you pass by hitting profit targets while staying within risk limits, you get access to a funded account and earn a share of the profits — typically 80-90%.

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What's the difference between 1-step, 2-step, and 3-step challenges?

These refer to how many evaluation phases you must pass before getting funded. A 1-step challenge has a single evaluation — pass once and you're funded. A 2-step has a challenge phase (higher profit target) followed by a verification phase (lower target). A 3-step adds a third phase. More steps usually mean easier individual targets but a longer path to funding.

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What is drawdown in prop trading?

Drawdown is the maximum amount you're allowed to lose. Daily drawdown limits how much you can lose in a single day. Overall (or max) drawdown limits your total losses from your starting balance. If you breach either limit, you fail the challenge. Common limits are 5% daily and 10% overall.

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What is a consistency rule?

A consistency rule prevents you from making all your profit in one or two big trades. For example, a 40% consistency rule means no single trading day's profit can exceed 40% of your total profit target. It ensures you demonstrate repeatable trading skill rather than getting lucky once.

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Are prop firm profits real money?

Most prop firms operate with simulated (demo) accounts. When you earn a profit split, the firm pays you real money based on the simulated performance. You're not trading with actual capital — the firm is essentially paying you for demonstrating consistent, risk-managed trading on their demo platform.

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What should I look for when choosing a prop firm?

Key factors include: the firm's track record and trust score, challenge pricing relative to account size, profit split percentage, drawdown limits (tighter = harder), payout speed and methods, whether they allow your trading style (news trading, EAs, weekend holding), and which platforms and instruments they support.

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What is leverage in prop trading?

Leverage determines how much buying power you have relative to your account size. For example, 1:100 leverage means a $100,000 account lets you control up to $10,000,000 in positions. Higher leverage increases both potential profits and potential losses. Most prop firms offer leverage between 1:30 and 1:100 depending on the challenge type and instruments traded.

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Can I lose money with a prop firm?

Your risk is limited to the challenge fee you pay upfront. If you fail the challenge, you lose that fee. You never owe the firm additional money, and you can't lose more than you paid. Many firms offer fee refunds with your first funded payout if you pass.

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What's the difference between a prop firm and a broker?

A broker provides you with a live trading account where you trade with your own deposited money. A prop firm gives you simulated capital to trade — you pay a challenge fee instead of depositing trading capital. FirmScopes currently focuses on prop firms, with broker comparisons coming in a future update.

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How long does it take to get funded?

It depends on the challenge type and your trading. Some 1-step challenges can be passed in a few days if you hit the profit target quickly. 2-step challenges typically take 2-6 weeks. There's usually a minimum number of trading days required (often 2-5 days per phase). Many firms now offer 'no time limit' challenges, so you can take as long as you need.

Help us improve FirmScopes

FirmScopes is built for traders like you. Your feedback directly shapes what we build next — from new features and data points to how information is displayed. Every suggestion is read by our team.

Leave your email if you'd like us to follow up on your feedback. Never shared.

Your feedback is anonymous unless you provide an email. We use it solely to improve FirmScopes — prioritising features traders actually want, fixing issues you encounter, and adding data points that matter to your trading decisions.

How we make money

When you click through to a prop firm from FirmScopes, we may earn a commission through affiliate links. Affiliate income does NOT influence rankings, trust scores, featured placement, or which firms are listed — those are calculated algorithmically. Firms can't pay for higher rankings, and negative data is never suppressed. If we recommended bad firms, traders would stop trusting us — honest data is our product.

Ready to find your firm?

Browse 48+ prop firms with verified data, compare them side by side, and make an informed decision.