Reports

Key findings

1. A $50K futures evaluation costs a median $115 across 33 firms. The same size in forex costs $284 across 41 firms.
2. One attempt is rarely enough. In our simulation the median cost to get funded is 3.6 times the price of one attempt in futures, 3.1 times in forex and 3.1 times in crypto.
3. 77% of futures plans use an end of day trailing drawdown. In forex, 57% of plans use a static one.
4. 39 of 44 firms whose terms address it keep the right to close an account at their own discretion. We read the terms of 45 firms.
5. Only 7 of 86 firms pay out in a way anyone can check on the blockchain. Together they paid $1.2B across 654,028 payouts.
6. On-chain payouts grew from $62M in 2024 Q4 to $219M in 2026 Q3. The largest payer's share rose from 30% to 53%.
7. Trustpilot shows no rating for 32 of the 86 firms we track, and has closed reviews for 1 more.
8. In the first 8 days of our change log, 53 of 86 firms changed a price, a rule, a plan or an offer.