A firm that funds you to trade currencies. You buy an evaluation, hit a profit target without breaching the drawdown limit, then trade a funded account keeping most of the profit — typically 80% to 90%. The capital is the firm's, and on almost every firm here the account is simulated.

Forex is the most crowded prop category and the one where firms most often close. A firm under two years old has never been tested by a bad quarter. That is why this page is split by age: Established (5+ years), Growing (3–4 years) and New (under 3 years). New does not mean bad — it means unproven, and you should size your first purchase accordingly.

Static, almost always. A static drawdown is fixed to your starting balance and never moves. A trailing drawdown follows your profits upward, so a good day permanently raises the floor you can be closed out at. Most forex firms use static, which is one genuine advantage the category has over futures prop.

Often not the number you start on. FundedNext advertises 95% but starts at 80% — the rest is a paid upgrade. The5ers advertises up to 100% but starts at 50% on two of its four programs. Always check the starting split, not the ceiling, and read our review page for that firm before you buy.

A perfect 5.0 rating on a handful of reviews. A firm under a year old advertising multi-million-dollar allocations. Payout totals with no independent audit. Consistency rules buried below the fold. And any firm whose Trustpilot listing carries a fake-review warning — one firm on this page currently does, and its card says so.

By a published formula: 50% rating, 30% log-scaled review volume, 20% years operating. A 4.5 across 70,000 reviews outranks a 4.9 across 40, because small samples produce the misleading perfect scores common in this industry. Commission plays no part.

Nearly always simulated. Your trades mirror live market prices but the capital is not deployed, though profits still produce genuine payouts. An evaluation fee is a cost, not an investment, and most buyers never reach a payout. Treat the fee as money you can afford to lose.