Prop firm comparison tool
Comparing prop firm offers is awkward, because each mixes its own fee, target, drawdown, daily limit and profit split. Enter the terms of up to three challenges along with your own win rate, reward to risk and risk per trade, and the tool simulates every challenge with your trading. The offers are ranked by expected value, so you can see which fee buys the best real chance of a payout.
What one attempt is worth
The average value of each offer to you after its fee. Only positive values are drawn as bars.
The offers next to each other
Each offer reduced to the numbers that matter, with the pass rate from 2,000 simulated attempts at your settings and no time limit.
| Offer | Fee | Target : drawdown | Fee per $1K drawdown | Pass rate | Funded payout / month | Expected value |
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How the offers are ranked
Every offer goes through the same simulation with your trading stats. The best offer is the one with the highest expected value: your chance of passing times what a pass is worth, minus the fee.
Difficulty
How far you must climb compared with how far you are allowed to fall.
difficulty = target ÷ max drawdown
Cost of the cushion
What you pay for every $1,000 of losses the account can take.
fee per $1K = fee ÷ (account × drawdown) × 1,000
Pass rate
2,000 attempts played trade by trade with your win rate, reward to risk and risk per trade, against the target, static drawdown and daily limit.
Funded payout
Your expected monthly profit on that account, times the split.
payout = expectancy × risk × account × trades × 21 × split
Expected value
Any refunded fee is added to the value of passing.
EV = pass rate × (payout × months + refund) − fee
Comparing prop firms: FAQ
How should prop firm challenges be compared?
Look beyond the account size. The fee, the target compared with the drawdown allowed, the daily loss limit, the profit split and any fee refund all change what an offer is worth. This tool puts them on equal terms and runs your own trading numbers through each set of rules.
Why is the target-to-drawdown ratio so important?
It compares how far you must climb with how far you may fall. A 10 percent target with a 10 percent drawdown is a ratio of 1, while an 8 percent target with a 4 percent drawdown is 2, far harder for the same trader. Lower is easier.
Is a larger account always the better deal?
Not necessarily. Larger accounts cost more, and the percentage rules normally stay the same, so your pass odds do not change; only the payout does. Compare expected value, which combines both, rather than account size alone.
What difference does a fee refund make?
Many firms return the fee with your first payout. That makes passing worth more but does nothing if you fail, so the tool adds the refund to the value of a pass.
Why is there no built-in list of firms?
Prop firm rules, prices and discounts change often, sometimes weekly, so a fixed list would go stale quickly. Enter the current terms of the firms you are considering and the comparison stays accurate.
How far can I trust the expected value?
Only as far as your inputs. A win rate and reward to risk from a small or lucky sample will make the numbers too rosy. Use results from at least 50 to 100 trades.