What's Moving in Prop.

Undead ($199, 5 minis, $1,000 static max loss) and Slasher ($65, 2 minis, $500 static max loss) both pay a fixed $3,000 after two rounds, with no profit split, minimum days or daily loss limit.

In a case reported on 9 October, the AFM argued that Ufunded's instant accounts, sized at 30 times the fee, amounted to margin on a CFD. Ufunded has since stopped serving the Netherlands.

FTMO says it paid more than $14.4 million to roughly 7,100 traders in September, about 5% below August, and more than $200 million over the past 12 months. The figures are self-reported.

CMC Markets' simulated prop programme will run on Match-Trader. CMC Funded operates separately from CMC Markets and is not a regulated CMC product.

Monetro offers four challenge types with accounts from $2.5K to $200K, plus instant funding accounts.

Traders can link evaluation and Pro accounts to AI assistants for account information and market data. The assistants cannot place orders, submit payouts or change settings.

Traders who pass get a Verified Trader badge and an interview through Verichain. The published terms name Dubai-based True North Tech as the operator, which CMC Group does not own.

The buyer takes the trademarks, domain and social accounts and will run the remaining rewards programme for traders affected in August 2023. No products are offered under the brand yet.

Every trader profile now has a referral code giving a new trader 15% off their first Trading Combine and the referrer a 15% reward code.

FirmFax found Trustpilot suppressing published scores on 23 of 71 prop firm profiles it tracks, with 20 carrying fake-review removal notices. The report did not name which firms were affected.

Annual financials published by FTMO's parent disclosed the price of the OANDA acquisition, which completed on 1 December 2025. The filing also shows returning clients account for close to 80% of FTMO revenue.

Accounts bought on or after 8 September fall under a revised ruleset; the previous version carried 3% trailing drawdown, a 20% consistency rule, a -2% floating-loss kill rule and bi-weekly payouts. Existing accounts are grandfathered under the old terms.

Comit Capital moved its South Africa-facing business to Instant Funding South Africa from 31 August 2026, with existing clients migrating without losing accounts, progress or funded status. It follows Instant Funding's acquisition of Funded Trading Plus in May 2026.

The tier has no activation fee, no minimum trading days once funded and no buffer before the first payout, with a $250 minimum payout request. TradeDay describes it as its lowest entry price to date.

The Prague firm opened a futures beta with challenges offering up to $450,000 in simulated capital. It runs Growth and Pro account structures with different withdrawal rules.

The change means traders cannot satisfy minimum-trade-count requirements by opening several positions in the same instrument. It was recorded alongside gold-related rule tightening at other firms.

Rev One shut after failing to secure a platform that could support its growth. Founder Angelo Ciaramello said he is leaving prop firms for prediction markets.

CEO James Sixsmith said a trader can start Monday, pass Wednesday and take profits Thursday. Payout policy is unchanged, with day-one and daily eligibility, no caps and no funded consistency rule.

Rithmic went live alongside TradeDay's existing platform lineup. The firm described it as one of its most-requested integrations.

Steven Lawton's complaint states he made 8,099 separate purchases between September 2021 and July 2024, including 6,968 evaluation accounts and 1,128 performance-account activations, and never received a payout. The suit alleges Apex operates as an unregistered commodity pool operator.

Founder Gil Ben Hur said trader demand drove the launch, which extends the firm's earlier chart-only integration. Traders can now execute and manage accounts inside TradingView.

The voluntary framework assesses trading rules, payouts, risk controls and dispute handling through independent review. Certified firms face ongoing monitoring and annual renewal.

The account-to-wallet step is now fully automated and completes in seconds rather than up to 12 business hours, and dashboard balances update earlier in the evening. The change applies to Tradovate PRO accounts only; Rithmic and PRO+ remain manual.

A July audit across 15 futures firms recorded Topstep raising four of six Combine plans and making the daily loss limit optional at checkout for a $10-$30 monthly discount. Elite Trader Funding cut Static plan prices 8-15%, Lucid Trading cut four products, and unannounced rule changes were logged at Topstep, Tradeify, TradeDay and Funded Futures Network.

NinjaTrader terminated the agreement effective 12 July after talks over Alpha's in-house AlphaTrader platform, halting new accounts on NinjaTrader and Tradovate. Alpha Futures also closed all active Premium Plan accounts with automatic refunds, saying the plan had paid out over $25m in two months while running at a loss.

Vinan Mistry and Brett Simberkoff said the switch from subscription to one-time pricing had little revenue impact. They described new introducing broker Slay Markets as a route pushing funded traders toward live brokerage accounts.

The Finotive Group agreed a front-of-shirt and training-wear deal with Burnley FC from the 2026/27 season across men's, women's and academy kits; terms were not disclosed. Players wore Finotive Futures branding on the US pre-season tour to launch a US-focused derivatives division.

From 2 June 2026, traders who add a Daily Loss Limit at Trading Combine checkout (Responsible Trading Advantage) get doubled Express Funded payout caps - up to $12,000 per request on the $150K Consistency path - plus $10-$30/month subscription discounts.

Ongoing promotion: code NOFEE40 gives 40% off the Test monthly subscription for the lifetime of the account and waives the one-time $130 PRO activation fee.

Alpha Futures launched AlphaTrader, an in-house futures platform built with the Plus500 team, featuring TradingView charts, one-click trading, a built-in trade copier and commission-free execution.

Alpha Futures passed $70M in performance fees paid across 175,000+ Qualified Analysts, and Alpha Group acquired Divento Financials to bring accredited futures trading education to its analysts. Alpha Prime, the group's professional scaling program, is now live.

Instant Funding's site lists upcoming releases including a regulated broker, a new crypto-first trading firm, and an upgraded loyalty program (public beta already live).

As of mid-June 2026 Trustpilot displays GFT's rating as unavailable due to a breach of its guidelines, stating it removed a number of fake reviews. The score had fallen from ~3.6 to ~2.6 over the prior year, driven by a wave of one-star reviews in May 2026 citing payout denials and support issues, against 3,600+ total reviews.

Trustpilot made AquaFunded's TrustScore unavailable, citing a breach of guidelines and stating it removed a number of fake reviews for the company. 1,334 reviews remain on the profile.

Atlas now offers a separate Futures market alongside Forex CFDs, with One Step, One Step Pro, Instant Funded Pro and Instant Pro futures programs and a dedicated Atlas Futures help-center section (observed June 2026).

Atlas's pay-after-you-pass lineup now includes $0 Access - claim a challenge for free, hit a 4% target with no time limit, and pay the funding fee only after passing; the fee is refunded on the 4th payout. Joins the $1 Access and $5-per-phase Pay Later models (live as of June 2026).

CFT launched the Break Challenge: a budget 1-phase evaluation ($25K-$100K) with no daily loss limit, no minimum trading days, on-demand payouts after a $138-$328 activation fee, and a 50%-off first-order promotion.

TradeDay officially launched TradeDay 2.0, introducing Fast Pass evaluations (3-day pass, no minimum trading days), evolving the existing model into Quick Pay with cleaner payout mechanics and no milestones, lowering 50K entry pricing to $62.50, and adding a defined path to Funded Live with up to 5 live accounts and a 90% profit split.

Apex introduced higher-priced evaluation variants with a $0 PA activation fee, applicable to sim-funded accounts activated from May 27, 2026; standard evals keep size-based activation fees (EOD $89-$149, Intraday $69-$129).

Topstep added Aeropay as a payout method, enabling instant delivery of payouts to US bank accounts.

The Standard evaluation was discontinued on 1 May 2026 and replaced by the new Premium plan; Zero and Advanced continue.

On 26 May 2026 Instant Funding announced the acquisition of fellow UK prop firm Funded Trading Plus, bringing both brands under one group; CEO Lewis Mansbridge said the deal lifts group revenue by roughly 70%.

ThinkCapital released Bolt, an instant-funding account ($2.5K-$50K, $49-$599) with no evaluation, 3% daily / 6% trailing equity limits, a 20% best-day consistency cap, 14-day payouts and scaling to $500K.

Finotive relaunched its entire platform for its 5-year anniversary: new dashboard with integrated terminal and live rule tracking, restructured Challenge/Instant/Pro programs from $29, revised drawdowns (e.g. Two-Step 4.5%/9%) and a 90-day scaling plan toward $5.4M.

All challenges and simulated funded accounts purchased from 9 April 2026 carry a 90-day limit per challenge stage and between payouts, extendable to 180 days (+5%) or 360 days (+10%) at checkout.

Major programme overhaul: all plans became one-time purchases (no subscriptions), Elite Live Performance Reward Pools of up to $18,000 per account were introduced, Rithmic and Tradesea platform support was added, the Select 50K target returned to $3,000, and the trading journal was integrated into the dashboard.

Finotive published a clearer Instant Funding framework, including the per-symbol floating drawdown thresholds (1.0% warning / 1.5% strike) and the cumulative soft-breach strike system.

Apex's largest rule change to date (v4.0) took effect 1 March 2026: payouts after 5 profitable days, a 50% consistency cap on withdrawals, and fully automated payouts with no manual denials, for Performance Accounts purchased on or after that date.

Apex launched a complete product replacement on March 1, 2026: one-time-fee EOD and Intraday Trailing evaluations with 30-day access, no eval consistency rule, daily loss limits on EOD plans, tier-based PA scaling, a 100% payout split on approved payouts, and a 'no payout denials' policy. Legacy subscription accounts continue under old rules but are closed to new purchases.

BluSky migrated traders to a new dashboard ('BluSky X'). The rushed rollout caused account/login bugs for several weeks - widely noted in Trustpilot reviews - with support credited for resolving issues.

Following the FTMO founders' acquisition of OANDA, migration of OANDA's proprietary trading business (OANDA Prop Trader) began on 2 March 2026, and FTMO co-founders Otakar Suffner and Marek Vasicek took over as co-CEOs of OANDA.

Blueberry Funded published an updated Trading Evaluation Outline and Fees (dated 04/03/2026). Gambling-style prohibitions (martingale, grid, chasing losses) no longer apply to challenges purchased on or after March 12, 2026 per the outline, while new funded-stage limits (1.5% max risk per trade idea, correlated-instrument clusters, position-stacking caps) were formalised.

Trustpilot made CFT's score unavailable citing a breach of guidelines and stated it removed a number of fake reviews for the company; ~1,120 reviews remain visible.

PipFarm replaced its automatic Friday payouts with a request-based system: default 30-day payout intervals, bi-weekly and weekly add-ons, a 7-day personal payout interval and payout caps including a $5,000 hard cap.

BluSky added two-phase stock evaluations ($2K, $4K and $7K) trading NASDAQ stocks and ETFs during NYSE hours via Volumetrica, with a $99 activation fee and 90/10 split paid from a real brokerage account.

Topstep funded traders can now trade 12 additional products, including Micro Crude Oil, Bitcoin and Gold futures.

Topstep launched Topstep Brokerage LLC, a CFTC-registered introducing broker (NFA ID 0567079) built on an exclusive Plus500 partnership, letting traders move from funded trading to their own capital. Accounts opened from 12 January 2026 use a 90/10 split from the first dollar and route through the TopstepX platform.

Tradeify announced an organisation-wide partnership with esports organisation FlyQuest, alongside its Champion Mindset ambassador series featuring UFC champion Israel Adesanya and darts champion Luke Littler.

ThinkCapital launched its redesigned website on January 22, 2026, and now sells $200K Lightning, Dual Step and Nexus challenges at checkout.

Bitfunded refreshed its lineup with a new $150,000 Apex tier on 1-Step and 2-Step evaluations, Instant Funding accounts ($2,500 Kickstart and $5,000 Base) and hourly Day Trader challenges with 2x-5x payout boosts.

DayTraders added an end-of-day trailing drawdown account line (25K-300K) alongside its Trail and Static evaluations, marketed as 'NEW' on the pricing page.

The5ers is marking 10 years since its 2016 founding and now runs a dedicated futures arm (the5ers.com/futures) alongside its CFD programs, as part of the 5% group that also includes Trade The Pool (stocks), Trade Delicious and TSG Brokers (CySEC-licensed).

Alpha Capital reports surpassing $100M in performance fees paid to over 100,000 Qualified Analysts across 140+ countries.

Traders can now pay to reset Phase 1, Phase 2 or a funded account and restart from where they left off, instead of purchasing a new challenge.

GFT's refreshed site now offers account sizes up to $400K (from $2.5K), the limited-time weekend Goat Blitz challenge (3% target), GOAT/Standard/PRO 2-step variants, and scaling toward $2M in simulated capital, alongside a separate Goat Funded Futures brand.

Goat Funded Trader launched its mobile app on the Apple App Store and Google Play, extending its in-house dashboard (metrics, certificates, rewards/points system) to mobile.

The firm relaunched its lineup: the consistency rule was removed across all programs, payouts are now credited the same day upon approval, FTP scaling was extended (marketing 'up to $768K with FTP'), and platforms consolidated on MetaTrader 5 and DXtrade.

BrightFunded restructured its challenges into three tracks - a 1-Step with trailing drawdown, the entry-level 2-Step Bright and the wider-drawdown 2-Step Classic - and introduced a 15% Evaluation Profit Reward credited to funded accounts.

The site now offers MetaTrader 5 and cTrader (+$15) alongside MatchTrader and TradeLocker, a new Elite model tier, a $150K account size, and the limited-edition Aqua Man $100K challenge with a 2% profit target (drops twice monthly, 100 accounts per drop).

New sustainability rules across all programs: maximum position-holding durations by asset, a 5-position simultaneous cap, hedging ban, minimum trading activity per payout period, and graduated payout penalties for excessive margin concentration.

The group launched Alpha Trader, its in-house trading platform with TradingView integration, alongside TradingView connectivity for evaluations.

Platform outages during the TopstepX migration in December 2025 disrupted live trading sessions; Topstep removed negative trades within acknowledged outage windows, but the episode pulled its Trustpilot rating down from ~4.5 toward the mid-3s.

The two-step program was rebuilt into separate Intraday and Swing variants with different drawdown calculation, news-trading and holding rules.

FTMO's founders completed the purchase of global broker OANDA from investment group CVC, one of the largest deals in the retail trading industry.

Spotware announced The5ers selected cTrader as a core trading environment alongside MT5 Hedge; CEO Saul Lokier said it was added 'as an additional option to enhance our offering for experienced traders'. cTrader accounts carry a $10 surcharge at purchase.

BrightFunded marked two years of operation with a press release citing its growth as a prop trading firm, its Trade2Earn loyalty program and its payout record.

FTMO added a single-phase challenge alongside its classic two-step evaluation, with a flat 90% reward, EOD-trailing 10% max loss, 3% daily loss and a 50% Best Day Rule.

Take Profit Trader removed daily loss limits across Test and PRO accounts, leaving the trailing drawdown as the primary risk limit.

A second 1-step track, Pro Growth, joined Hyper Growth: same 10% target and 6% stop-out, but a hard 3% daily loss, 3 minimum profitable days, a 75/25 starting split and incremental scaling to $500K.

Alpha Capital Group launched sister brand Alpha Futures, extending the group into proprietary futures trading.

The team behind Goat Funded Trader launched a dedicated futures prop firm under Hong Kong-registered WITI Limited, offering simulated funding up to $750K on CME-group products with no activation or data fees.