Prop Firm Comparison Calculator
Compare rules, fees, profit splits, and drawdown limits across major prop firms. Enter values for instant results with step-by-step formulas.
Calculator
Adjust values & calculateFTMO
BEST VALUEMFF (MyFundedFX)
Funded Next
True Forex Funds
Formula
For each firm, monthly payout equals the account size times the monthly return rate times the profit split percentage. The ROI is calculated as (Total Payout - Challenge Fee) / Challenge Fee x 100. Scaling adjustments increase account size at defined milestones.
Last reviewed: December 2025
Worked Examples
Example 1: Comparing $100K Accounts Across 4 Firms
Example 2: Impact of Profit Split Differences
Background & Theory
The Prop Firm Comparison Calculator applies the following established principles and formulas. Foreign exchange markets facilitate the conversion of one currency into another and serve as the largest and most liquid financial markets in the world, with daily turnover exceeding seven trillion US dollars. Exchange rates are quoted as currency pairs, expressing the price of one unit of a base currency in terms of a quote currency. For example, a EUR/USD rate of 1.0850 means one euro buys 1.0850 US dollars. The smallest standardized price movement in most pairs is the pip, typically the fourth decimal place, with a value of 0.0001 per unit for USD-denominated pairs. The bid price is the rate at which a dealer will buy the base currency, while the ask price is the rate at which it will sell. The spread between bid and ask represents the dealer's compensation and varies with liquidity and volatility. Leverage amplifies both gains and losses by allowing traders to control positions larger than their deposited margin. A 100:1 leverage ratio means a one-percent adverse move eliminates the entire margin, making position sizing and risk management critical. Two parity conditions from international economics anchor exchange rate theory. Purchasing Power Parity (PPP) holds that exchange rates should adjust over time so that identical goods trade at equivalent prices across countries: S = P_d / P_f, where S is the spot rate and P_d and P_f are domestic and foreign price levels. PPP performs well over long horizons but poorly in the short run due to trade barriers, non-tradable goods, and capital flows. Covered Interest Rate Parity (CIRP) is a near-arbitrage condition stating that forward exchange rate premiums or discounts exactly offset interest rate differentials between two currencies: F/S = (1 + r_d) / (1 + r_f). Deviations from CIRP create riskless arbitrage opportunities that traders rapidly eliminate. Uncovered Interest Rate Parity posits that high-yielding currencies should depreciate to offset their interest advantage, though empirical evidence is mixed and the carry trade — borrowing in low-rate currencies to invest in high-rate ones — has generated persistent returns.
History
The history behind the Prop Firm Comparison Calculator traces back through the following developments. For much of the nineteenth century and early twentieth century, the international monetary system operated under the classical gold standard, under which each participating currency was fixed to a defined weight of gold, making bilateral exchange rates effectively constant. The system provided price stability and facilitated global trade but constrained governments' ability to respond to economic downturns. World War One shattered the gold standard as nations suspended convertibility to finance wartime expenditures. The interwar period saw attempts to restore gold convertibility, most notably the British return to the gold standard in 1925 at the pre-war parity, a decision criticized by John Maynard Keynes as deflationary. The Great Depression forced widespread currency devaluations and the effective collapse of the international gold standard by the early 1930s. The Bretton Woods Conference of July 1944 established a new order in which member currencies were pegged to the US dollar, while the dollar alone was convertible into gold at 35 dollars per troy ounce. The International Monetary Fund and World Bank were created at the same conference to oversee the system. Bretton Woods delivered exchange rate stability during the postwar growth era but came under strain as US deficits and European dollar accumulation outpaced American gold reserves. On August 15, 1971, President Nixon announced the suspension of dollar-gold convertibility — the so-called Nixon Shock — effectively ending the Bretton Woods system. By 1973, major currencies had transitioned to floating exchange rates determined by market supply and demand, a regime that has persisted. On September 16, 1992, hedge fund manager George Soros shorted the British pound against the European Exchange Rate Mechanism constraints, forcing the UK's withdrawal in what became known as Black Wednesday. Electronic trading platforms emerged in the 1990s and 2000s, replacing voice-brokered interbank markets and dramatically reducing transaction costs for institutional and retail participants alike.
Frequently Asked Questions
Formula
Total Payout = Account Size x Monthly Return x Profit Split x Months
For each firm, monthly payout equals the account size times the monthly return rate times the profit split percentage. The ROI is calculated as (Total Payout - Challenge Fee) / Challenge Fee x 100. Scaling adjustments increase account size at defined milestones.
Worked Examples
Example 1: Comparing $100K Accounts Across 4 Firms
Problem: A trader achieves 5% monthly returns consistently. Compare total 12-month payouts, challenge costs, and ROI across FTMO, MFF, Funded Next, and True Forex Funds.
Solution: Monthly gross profit: $100K x 5% = $5,000\nFTMO: Fee ~$600, 80% split = $4,000/mo, 12-mo payout = $48,000, ROI = 7,900%\nMFF: Fee ~$480, 80% split = $4,000/mo, 12-mo payout = $48,000, ROI = 9,900%\nFunded Next: Fee ~$520, 80% split = $4,000/mo, 12-mo payout = $48,000, ROI = 9,130%\nTFF: Fee ~$560, 80% split = $4,000/mo, 12-mo payout = $48,000, ROI = 8,470%
Result: All firms yield similar payouts at 80% split. MFF has lowest fee ($480), highest ROI. Scaling plans differ significantly for long-term growth.
Example 2: Impact of Profit Split Differences
Problem: Compare a firm offering 80% split vs 90% split on a $200,000 account with 4% monthly returns over 12 months.
Solution: Monthly gross: $200K x 4% = $8,000\n80% split: $8,000 x 0.80 = $6,400/mo, Annual = $76,800\n90% split: $8,000 x 0.90 = $7,200/mo, Annual = $86,400\nDifference: $800/mo or $9,600/year\nOver 24 months: $19,200 difference\nThe 90% split effectively earns 12.5% more
Result: 90% split earns $9,600 more annually on $200K account at 4% monthly. Over 2 years, the difference is $19,200.
Frequently Asked Questions
How do I choose the best prop firm for my trading style?
Choosing the best prop firm depends on several key factors aligned with your trading style and goals. First, consider your trading frequency and timeframe. Firms with minimum trading day requirements of 10 or more days are better for active traders, while firms requiring only 4 to 5 days suit swing traders. Second, evaluate the drawdown rules. Scalpers need firms with generous daily drawdown limits since their strategies involve frequent small losses. Third, check instrument availability, as not all firms offer the same range of forex pairs, indices, or commodities. Fourth, compare profit splits and scaling plans to determine long-term earning potential. Finally, research the firm's payout reliability and reputation through verified reviews from actual traders.
What are the typical challenge fees for prop firm accounts?
Challenge fees for prop firm accounts vary by firm and account size, typically ranging from $150 to $2,500. For $25,000 accounts, fees generally range from $150 to $250. For $50,000 accounts, expect $250 to $400. The popular $100,000 account size costs between $400 and $600 at most major firms. Larger $200,000 accounts cost $800 to $1,200, and $400,000 accounts range from $1,800 to $2,500. Most firms offer discount codes and periodic promotions that can reduce these fees by 10 to 25 percent. Some firms also offer free retries or discounted second attempts if you fail the challenge. The challenge fee is essentially the only money you risk, as the firm provides all trading capital once you pass.
How do profit targets differ across prop firms?
Profit targets during the challenge phase vary significantly across prop firms and directly affect difficulty. Most firms use a two-phase evaluation: Phase 1 typically requires 8 to 10 percent profit, and Phase 2 requires 5 percent. FTMO requires 10 percent in Phase 1 and 5 percent in Phase 2. MyFundedFX requires 8 percent and 5 percent respectively, making it slightly easier. Some firms offer one-phase evaluations with a single 10 percent target. Instant funding accounts (no challenge required) exist but usually have higher fees and lower profit splits. The funded phase often has no profit target, but most firms require a minimum number of trading days before withdrawal. Lower profit targets are generally better because they allow more conservative trading approaches that are sustainable long-term.
What drawdown rules should I look for in a prop firm?
The ideal drawdown rules balance risk protection with trading flexibility. Look for firms offering at least 5 percent daily drawdown and 10 percent maximum total drawdown, which are industry standard. Avoid firms with trailing drawdown that follows your equity upward, as this creates a ratcheting mechanism that makes it progressively harder to stay within limits. Static drawdown from the initial balance is most favorable because it provides a fixed safety net. Some firms offer relative drawdown based on a percentage of the current balance rather than the starting balance, which adjusts as the account grows. Also check whether the drawdown is calculated on closed trades only or includes floating (open) positions, as this significantly affects how you can manage trades overnight.
How reliable are prop firm payouts?
Payout reliability varies significantly across prop firms, and this should be a primary selection criterion. Established firms like FTMO have processed millions of dollars in payouts with a strong track record since 2015. Newer firms may offer attractive terms but have shorter track records. To assess reliability, check independent review platforms like Trustpilot for verified payout confirmations from traders. Look for firms that process payouts within 1 to 5 business days through multiple methods (bank transfer, cryptocurrency, PayPal). Be cautious of firms that frequently change their rules, delay payouts beyond stated timeframes, or have excessive withdrawal fees. Several prop firms have closed suddenly in the past, taking trader profits with them, so diversifying across multiple reputable firms reduces this risk.
What is the ROI on prop firm challenge fees?
The return on investment for prop firm challenge fees can be exceptionally high compared to traditional trading. For example, a $100,000 FTMO account costs approximately $500 for the challenge. If a trader earns 5 percent monthly ($5,000 gross, $4,000 with 80 percent split), the challenge fee is recovered in the first month. Over 12 months, the total payout would be approximately $48,000 on a $500 investment, representing a 9,500 percent ROI. However, this calculation assumes passing the challenge and trading consistently, which many traders fail to achieve. Industry estimates suggest that only 5 to 15 percent of traders pass the challenge phase. When factoring in the probability of passing and the cost of failed attempts, the expected ROI is lower but still favorable for skilled traders.
References
Reviewed by Daniel Agrici, Founder & Lead Developer · Editorial policy