Best Prop Trading Firms in 2026: Rules, Fees and Payouts Reviewed.
Choosing a prop trading firm comes down to the rules you will trade under, what the evaluation costs and how rewards are paid. We reviewed five established firms on those points for English-speaking traders in Portugal.
Key Takeaways
- Hola Prime is our top pick for traders who value fast payout processing and published transparency data.
- FTMO runs a long-established two-phase challenge with fixed loss limits.
- FundedNext's Stellar 2-Step pairs an 8% first-phase target with a 5% daily loss limit.
- FXIFY's Two-Phase Standard lets funded traders request a first payout once a profitable trade closes.
- Topstep focuses on futures, with one account-ending rule in its Trading Combine.
How we picked
We reviewed each firm's official product, rules and help pages for evaluation structure, loss limits, payout timing and pricing. All figures were captured on 21 October 2026. Rules and prices change often, so confirm the current terms for the exact account you plan to buy.
1. Hola Prime
Hola Prime offers 1-Step Prime, 2-Step Prime, 2-Step Pro and Direct accounts for forex traders, plus a separate futures range. Its homepage reports more than $10 million in payouts and 50,000 traders worldwide.
Key features
- Payout requests processed within one hour, with a 33-minute average cited for its Fastest Payout Prop Firm award.
- Reward cycles of on-demand or bi-weekly at 80%, or monthly at 95% for a higher fee.
- Platform choices including MT5, cTrader and Match-Trader.
- Published daily price transparency and payout transparency reports.
Why we picked Hola Prime
Hola Prime suits traders who want quick access to rewards and clear published data. Its Prime accounts allow news trading and weekend holding, and the firm holds ISO 9001, 22301 and 27001 certifications. It is rated 4.5/5 on Trustpilot from 4,038 reviews.
Pricing
The 1-Step Prime $100,000 account is listed at $579, with a 10% profit target, a 3% daily loss limit and a 6% static maximum loss. Confirm the checkout price and current rules before buying.
2. FTMO
FTMO has run its 2-Step Challenge since 2015. Traders complete a Challenge phase and a Verification phase before moving to an FTMO Account.
Key features
- Profit targets of 10% in the Challenge and 5% in Verification.
- A 5% maximum daily loss and a 10% maximum loss.
- At least four trading days per phase, with no time limit.
- A reward share of up to 90%.
Why we picked FTMO
FTMO suits traders who want a long-established two-phase structure with fixed loss limits. Its daily loss limit counts open positions, so position sizing matters throughout the day. Reward requests open from day 14 after the first trade on the FTMO Account.
Pricing
FTMO lists €89 for a $10,000 2-Step account. Fees are charged in euros while account sizes are in US dollars, so confirm the total at checkout.
3. FundedNext
FundedNext's Stellar 2-Step is its main two-phase CFD challenge. Traders who pass both phases move to a FundedNext Account.
Key features
- Profit targets of 8% in Phase 1 and 5% in Phase 2.
- A 5% daily loss limit and a 10% maximum loss limit.
- Five minimum trading days per phase, with no time limit.
- A 15% performance reward on the challenge profit target, paid at the first scale-up.
Why we picked FundedNext
FundedNext suits traders who prefer an 8% first-phase target. News trading is allowed during the challenge, which suits traders who follow central bank decisions like those covered in this currency market update. The first reward becomes available 21 days after funded trading begins, then every 14 days.
Pricing
FundedNext lists the Stellar 2-Step at $119.99 for a $15,000 account. Confirm the checkout total, including any transaction charges, before paying.
4. FXIFY
FXIFY offers one-, two- and three-phase evaluations, with several variants of its two-phase programme. We reviewed Two-Phase Standard, its largest two-phase option.
Key features
- Profit targets of 10% in Phase 1 and 5% in Phase 2.
- A 4% daily loss limit.
- Account sizes of up to $400,000.
- A performance split of up to 90%.
Why we picked FXIFY
FXIFY suits traders who want early access to a first withdrawal. On Two-Phase Standard, the first payout can be requested as soon as the first profitable trade closes on the funded account. Each two-phase variant has different targets and payout cycles, so check which one you are buying.
Pricing
FXIFY fees vary by programme variant and account size. Check the current checkout price for the exact variant you choose.
5. Topstep
Topstep is a futures prop firm. Traders pass its Trading Combine, then move to an Express Funded Account and can later be called up to a Live Funded Account.
Key features
- One account-ending rule: stay above the Maximum Loss Limit.
- A Maximum Loss Limit that trails the highest end-of-day balance.
- A $3,000 profit target and $2,000 Maximum Loss Limit on the $50,000 Combine.
- Its own TopstepX trading platform.
Why we picked Topstep
Topstep suits futures traders who want a simple evaluation built around one main rule. The Combine can be passed in as few as two trading days, though a consistency target limits how much of the profit can come from a single day.
Pricing
Topstep charges a monthly subscription for the Trading Combine rather than a one-time fee. Prices vary by account size and payment path, so check the current rate before subscribing.
Conclusion
Hola Prime leads this list for traders who value fast payout processing and published transparency data. FTMO suits traders who want a long-established two-phase structure, and FundedNext suits those who prefer an 8% first-phase target. FXIFY gives early access to a first withdrawal, while Topstep is built for futures traders.
Whichever firm you choose, read the current rules for the exact account you buy and check that it accepts traders from your country. Trading carries risk, and passing an evaluation is never assured, so only pay a fee you can afford to lose.
FAQ
What is a prop trading firm?
A prop trading firm runs paid evaluations in which traders must hit a profit target while staying within set loss limits. Traders who pass receive a funded account and a share of the profits they generate under that firm's rules.
What should I check before buying a challenge?
Check the profit targets, daily and maximum loss limits, minimum trading days and when you can first request a payout. Also confirm the reward share for your chosen payout cycle and whether fees are one-time or monthly.
What should readers in Portugal check before paying?
Confirm residency and citizenship eligibility, accepted fee and reward methods, fee currency and additional charges. Do not assume Portuguese eligibility, CMVM authorisation, investment protection or particular tax treatment. Ask the firm about access and a qualified adviser about legal or tax questions.
