FTMO vs FundedNext vs The5ers vs FundingPips has no single winner. On their $100K two-step challenges, FundingPips is the cheapest of the four to get funded in dollars, at about $1,187, and FTMO, FundedNext and FundingPips give the most room with a $10,000 max loss. FTMO charges in euros, so we show its cost in euros, about $1,480 to get funded. Checked November 12, 2026.
Quick verdict
- Best rated
FTMOFTMO Challenge 2-Step (Standard), $100K4.8 stars on Trustpilot$488about $1,480 real cost - Gentlest targets, earliest first payout and most reviewed
FundedNextStellar 2-Step, $100K13% over both phases$550about $1,435 real cost - Also compared
The5ersHigh Stakes, $100K15% target against $8,000 max loss$405about $1,504 real cost - Cheapest to get funded in dollars and gentlest targets
FundingPips2 Step Standard, $100KAbout $1,187 all in$435about $1,187 real cost
Side by side
Each column is the firm's flagship $100K two-step challenge. All four use a fixed max loss and a daily loss limit; the differences are in the targets, the minimum days and how soon you can withdraw. Green marks the better number where the line separates the firms.
| FTMOFTMO Challenge 2-Step (Standard) | FundedNextStellar 2-Step | The5ersHigh Stakes | FundingPips2 Step Standard | |
|---|---|---|---|---|
| Price | $488 | $550 | $405 | $435 |
| Real cost to get funded | $1,480 | $1,435 | $1,504 | $1,187 |
| Profit targets | 10%, then 5% | 8%, then 5% | 10%, then 5% | 8%, then 5% |
| Max loss | $10,000 | $10,000 | $8,000 | $10,000 |
| Daily loss limit | $5,000 | $5,000 | $4,000 | $3,000 |
| Minimum trading days | 4 | 5 | 3 | None |
| Consistency rule, test / funded | None / None | None / 40% | Not stated / Not stated | None / 35% |
| Profit split | 80% | 90% | 80% | 100% |
| First payout | After 14 days | After 0 days | After 14 days | Not stated |
| Trustpilot | 4.8 (55,531) | 4.5 (82,734) | 4.7 (40,936) | 4.5 (71,436) |
Best rated
FTMO FTMO Challenge 2-Step (Standard), $100K
FTMO has been around since 2015 and holds 4.8 on Trustpilot from 55,531 reviews. Its two-step challenge uses a $10,000 static max loss. It prices in euros, which is why PropTested shows its cost in euros instead of converting it.
- Price
- $488
- Real cost to get funded
- about $1,480
- Drawdown
- Static
- Daily loss limit
- $5,000
Good to know: First payout only after 14 days.
Gentlest targets, earliest first payout and most reviewed
FundedNext Stellar 2-Step, $100K
FundedNext holds 4.5 on Trustpilot from 82,734 reviews and has $256M in payouts PropTested can see on the blockchain. The max loss is fixed at the start and never trails your profit.
- Price
- $550
- Real cost to get funded
- about $1,435
- Drawdown
- Static
- Daily loss limit
- $5,000
Good to know: 40% consistency rule after you pass, which can delay payouts.
Also compared
The5ers High Stakes, $100K
The5ers has run since 2016 and holds 4.7 on Trustpilot from 40,936 reviews. Its $8,000 static max loss never moves, so profit you make early becomes room for later.
- Price
- $405
- Real cost to get funded
- about $1,504
- Drawdown
- Static
- Daily loss limit
- $4,000
Good to know: Each payout capped at $4,000. First payout only after 14 days.
Cheapest to get funded in dollars and gentlest targets
FundingPips 2 Step Standard, $100K
FundingPips holds 4.5 on Trustpilot from 71,436 reviews and has $157M in payouts PropTested can see on the blockchain. This plan's $10,000 static max loss is generous for the size. The on-demand version pays 100% of profit after seven profitable days.
- Price
- $435
- Real cost to get funded
- about $1,187
- Drawdown
- Static
- Daily loss limit
- $3,000
Good to know: 35% consistency rule after you pass, which can delay payouts.
How hard is each challenge?
A two-step challenge asks for two profit targets in a row while the max loss stays the same. The closer the two dots below, the gentler the challenge.
- Max loss
- Both targets combined
- FTMOFTMO Challenge 2-Step (Standard)15%
- FundedNextStellar 2-Step13%
- The5ersHigh Stakes15%
- FundingPips2 Step Standard13%
Show the numbers
| Name | Max loss | Both targets combined | Gap |
|---|---|---|---|
| FTMO (FTMO Challenge 2-Step (Standard)) | 10% | 15% | 5% |
| FundedNext (Stellar 2-Step) | 10% | 13% | 3% |
| The5ers (High Stakes) | 8% | 15% | 7% |
| FundingPips (2 Step Standard) | 10% | 13% | 3% |
Every pairing in one table
| Pairing | More room | Gentler targets | Earlier first payout |
|---|---|---|---|
| FTMO vs FundedNext | Tie | FundedNext | FundedNext |
| FTMO vs The5ers | FTMO | Tie | Tie |
| FTMO vs FundingPips | Tie | FundingPips | Tie |
| FundedNext vs The5ers | FundedNext | FundedNext | FundedNext |
| FundedNext vs FundingPips | Tie | Tie | Tie |
| The5ers vs FundingPips | FundingPips | FundingPips | Tie |
News, bots and weekends
All four allow holding over the weekend, and all four restrict news trading on funded accounts in some form.
| Firm | News | Bots | Copy | Weekend |
|---|---|---|---|---|
| FTMO | Limited | Yes | Not stated | Yes |
| FundedNext | Limited | Limited | Limited | Yes |
| The5ers | Limited | Limited | Limited | Yes |
| FundingPips | Limited | Limited | Limited | Yes |
Show the numbers
| Firm | News | Bots | Copy | Weekend |
|---|---|---|---|---|
| FTMO | Limited: Standard funded: no opening or closing on targeted instruments 2 minutes either side of selected news. No restriction in evaluation or on Swing. | Yes: EAs allowed; third-party EAs risk the maximum capital allocation rule; server limits 200 orders at a time, 2000 positions per day. | Not stated: Copy trading is not named on the FAQ or Forbidden Trading Practices page. That page bans letting a third party trade the account or trade in coordination with you, and trading other people's accounts. | Yes: Allowed in evaluation and on Swing; restricted on Standard funded accounts. |
| FundedNext | Limited: Allowed in challenge and funded; on funded accounts profit from listed high-impact news within the window counts at 40% news profit share. | Limited: EAs only below $50,000, on MT4/MT5, with EA add-on fee; $50,000 and above manual only; not on cTrader or Match-Trader. Instant allowed on MT4/MT5 with fee. | Limited: Allowed between own challenge accounts up to $300,000 combined with one master; banned across people and with cloud copy tools. | Yes: Allowed on challenge and FundedNext accounts. |
| The5ers | Limited: Holding through news allowed on all programs. High Stakes: no orders from 2 minutes before to 2 minutes after high-impact news; profits made then are deducted. Hyper Growth and Bootcamp: allowed except bracket strategies. | Limited: Prohibited: third-party EAs where other traders hold the same trades, EAs scalping the rollover. General EA allowance not spelled out on pages read. | Limited: Copying with other traders prohibited; between own Summer Plan accounts allowed. | Yes: Allowed; indices over the weekend carry high swap. |
| FundingPips | Limited: Evaluation allowed. Master: no open or close 5 minutes either side of red-folder news, profit deducted. Zero: 10 minutes, breach. | Limited: Third-party EAs only as trade or risk manager; personal EAs with proof of ownership permitted. | Limited: Own accounts and own account as master to external allowed; between users and inbound copying prohibited. | Yes: Evaluation allowed. Master needs Swing add-on; on Zero without it holding the weekend closes the account. |
How we picked
For each firm we took its flagship $100K two-step challenge at the cheapest standard setting, read on the firm's own site. The real cost to get funded adds the retries an average attempt needs, from 3,000 simulated runs of each challenge's rules. FTMO's is worked out from its euro price, because a dollar figure would depend on the day's exchange rate and your card's fees.
The flagship is a fair way to compare firms, but not always the cheapest way into each one. You find every plan on the pages of FTMO, FundedNext, The5ers and FundingPips. The best forex prop firms list ranks the whole field.
- FTMO: plans and rules read November 5, 2026
- FundedNext: plans and rules read November 5, 2026
- The5ers: plans and rules read November 5, 2026
- FundingPips: plans and rules read October 31, 2026