Prop Firm Pass Rates in 2026: What Each Firm Publishes

You have probably heard that 90% of prop traders fail. That number is a half-truth because it confuses single evaluation attempts with real people. On any single try, 64% to 91% of challenges fail. But traders reset and try again, so at a firm like Topstep, 51.8% of the people who entered a Combine in 2025 ended up getting a funded account, and about 1 in 6 took home a payout.

Most big firms still hide their numbers behind cumulative "$650M paid" banners that tell you nothing about your actual odds. I pulled every pass rate, funded payout rate, and live call-up rate that prop firms and back-office tech vendors have put in writing, including older figures that firms quietly deleted from their homepages.

Pass rates by firm

Before you compare two firms, check the "What it counts" column. Some firms report the share of evaluation attempts that pass, while others count individual customers who pass at least once. That single choice explains how Topstep can honestly report both 16.8% and 51.8% for the same year.

Two technology vendors that run the back-office dashboards for dozens of prop firms have also released multi-firm numbers, though neither names the individual firms in its sample:

• FPFX Tech tracked "over 300,000 accounts belonging to 100,000 traders" across 10 firms and found that 14% of traders passed (Finance Magnates, 2024). A follow-up on 2024 data across 300,000 accounts put the pass rate at 12%, while the share of accounts reaching a payout ticked up from 7% to 8% (Finance Magnates Data Lab).
• Swiset, a trading-tech vendor working with FXStreet, tracked nearly 10,000 traders from August 2024 to April 2025. It found 20.3% reached funded status on one-phase challenges (79.7% failed) vs 11.8% on two-phase challenges (88.2% failed). The average trader bought 1.6 challenges, and those who passed got funded in about six days (Finance Magnates).

You can see the exact cost of a second evaluation phase in two older firm releases. The Funded Trader reported a 27% pass rate in Phase 1 and 42% in Phase 2 between August and October 2023 (The Forex Chronicles), and its CEO later told Finance Magnates that overall challenge pass rates "range from 5 to 10%" (March 2025). My Forex Funds published 19.05% for Phase 1 and 42.18% for Phase 2 in its February 2023 stats (Forex Prop Forum). More recently, in April 2026, Arizet Labs CEO David Davtyan told Finance Magnates that "the average pass rate across the industry is around 13 to 15 percent", without releasing a dataset (Finance Magnates Data Lab).

Attempts are not people

Traders rarely stop after one blown evaluation. That repeat buying is why Topstep can report 16.8% of Combines passed and 51.8% of people funded in the same year. Tradeify shows the same pattern, 17.2% of accounts passed vs 40.3% of people, and notes that its traders "initiated a median of 3 each over the period".

When someone tells you "90% of prop traders fail," they are quoting a per-attempt failure rate as if each attempt were a different person. Per attempt, failure rates run from 63.78% at Take Profit Trader to 91.3% on HyroTrader's two-step challenge, and Swiset's 88.2% failure rate on two-phase challenges is the closest match to the "90% fail" line. Per person, over half of Topstep's 2025 traders and two-fifths of Tradeify's reached a funded account. FunderPro is the outlier in the other direction, reporting that only 7.35% of the traders who buy a challenge ever pass, while Hola Prime (35%), E8 (17.7%) and Apex's old 2023 figure (43.13%) also count people.

Because there is no standard reporting rule, several firms have changed what they count from one year to the next:

• Take Profit Trader switched denominators on the same archived homepage. Its 2025 line says 36.22% of "all Trading Tests" were passed, roughly double other per-attempt rates. Right next to it, an older line for 1 January to 31 August 2023 says 20.37% of "currently registered users" passed a trading test.
• TradeDay advertises 36% for January to June 2026 without saying whether that counts tests or people. Its older 2023 help-center disclaimer defined its 23.7% rate as users who passed divided by users who entered.
• MyFundedFutures currently lists 19.97% of "evaluation participants" passed alongside a second line of 19.95% of "participants who began". An earlier version of that same disclosure listed 20.35% for "evaluation accounts" and 43.41% for people, so its current ~20% figure looks like a per-account rate under a friendlier label.

Payout rates by firm

Passing the challenge only gets you a funded demo account. Roughly two-thirds of funded traders lose that account to trailing drawdowns, daily limits, or consistency rules before they ever withdraw a dollar. Four firms publish what share of their funded traders actually get paid:

Earn2Trade counts individual accounts with at least one withdrawal rather than people, so its 18% figure isn't directly comparable with the three firms above it.

Vendor data tells a similar story. FPFX's multi-firm dataset puts payouts at about 45% of funded traders, which works out to "7% of all traders" in its first release and 8% in its 2024 update, with an average withdrawal of 4% of the account size (Finance Magnates). At The Funded Trader, the CEO said "only about 20% of funded traders receive payouts", which Finance Magnates calculated as 1% to at most 2% of all clients (March 2025).

Topstep is the only firm with three years of archived disclosures. Between 2024 and 2025, both its pass rate and its funded payout rate climbed, while the share of funded traders called up to a Live brokerage account dropped below 1%:

From a first evaluation to a payout

What every trader really wants to know is: if 100 people buy an evaluation today, how many walk away with a payout? No firm prints that number directly, but Topstep and Tradeify give you both halves of the math: the share of people who get funded and the share of funded traders who take a withdrawal. Multiplying the two gives a solid estimate of the full funnel (it is a close approximation rather than an exact cohort trace because a given year's funded traders include some who passed in an earlier period, and both firms blend sim-funded and live accounts; Tradeify's figures cover its Growth, Advanced and Select plans).

You can reuse this chart and the tables on this page. Please link to this page as the source.

That puts your real-world odds of getting paid at roughly 1 in 6 people at Topstep in 2025 (up from 1 in 8 in 2024) and 1 in 9 at Tradeify. Keep in mind that a payout can be as small as Topstep's $125 minimum. Still, those numbers debunk the idea that "nobody ever gets paid at prop firms": failed evaluation fees pay for the firm's overhead and fund the payouts for the 12% to 17% of people who clear every rule, and the firms need those winners posting payout certificates to bring in the next wave of challengers.

I left MyFundedFutures out of the funnel table because its 19.97% pass rate doesn't clearly state whether it counts people or accounts, even though it reports that 39.2% of its funded traders took a payout.

Even when you reach the funded stage and collect a withdrawal, you are almost certainly still trading on a demo server. Every major firm states in its terms that its funded stage is simulated: FTMO provides "demo accounts with fictitious funds" (general disclosure), FundedNext calls its funded stage a "Simulated Trading environment" (US terms), Apex states that Performance Accounts are simulated and do not involve real funds (archived risk disclosure), MyFundedFutures says "no real capital is deployed at any stage" (disclaimer), and Topstep calls Express Funded Accounts "realistic simulations" until a trader is called up to Live (0.71% of Express traders in 2025). See FTMO vs Topstep and Apex vs Topstep for how those rules compare in practice.

Firms that publish no pass rate

The biggest forex and futures brands prefer big cumulative payout banners over percentage odds. FTMO puts "4.5M+ Customers worldwide" and "$650M+ Paid in rewards" on its homepage, with no pass rate anywhere in sight. FundedNext advertises total rewards and a median approval time, again with no pass rate. Apex published a 43.13% per-person rate back in 2023 and later scrubbed pass-rate disclosures from its site.

Prop Data Lab tracks these disclosures with Wayback history. On 2 October 2026 it noted that it "found none, current or archived, on the sites of FTMO, FundedNext, The5ers, FundingPips or Goat Funded Trader".

A cumulative payout total tells you that a firm has revenue, not what your odds are. FTMO's $650 million, FundedNext's self-reported "$350 million" (where an on-chain tracker attributes $225.9 million, per Finance Magnates) and Topstep's "$1.4B+" (which reads "$1.5B+" on another Topstep page) are lifetime sums across millions of attempts. Without the denominator of how many evaluations were sold, you cannot turn a payout banner into a pass rate.

When a firm hides its pass rate, corporate filings and court records are the best window into how the math works behind the scenes:

• FTMO's Czech filings: Returning clients generate close to 80% of FTMO's total revenue, and paid orders jumped nearly 50% to 1.27 million in 2025 (Finance Magnates). FTMO s.r.o.'s revenue climbed from CZK 6.73 billion in 2024 to CZK 8.81 billion in 2025, while net profit dropped 59% from CZK 1.89 billion (28.0% net margin) to CZK 782 million (8.9% net margin) after trader rewards tied to 2024 sales hit about CZK 955 million, 82% above its CZK 523 million reserve (CzechCrunch).
• My Forex Funds (CFTC complaint and FAQ): In its August 2023 complaint, the CFTC alleged that more than 135,000 customers signed up at Traders Global Group between November 2021 and August 2023, with more than 111,000 holding demo accounts and more than 24,000 holding "live" accounts, paying roughly $310 million in registration fees and receiving roughly $137 million in payouts (CFTC complaint). Those fraud allegations never went to trial: on 13 May 2025 the U.S. District Court dismissed the case with prejudice as a sanction for CFTC misconduct (Reuters). My Forex Funds' own FAQ now states plainly that its payouts "primarily come from registration fees that MFF collects from its customers" (MFF FAQ).

No financial regulator requires prop firms to publish pass rates. Every firm in the table above discloses its numbers voluntarily in a footer, disclaimer page, or blog post.

Why attempts fail

Most traders don't slowly bleed out to the maximum drawdown limit; they blow up in a single bad session. In The Funded Trader's August to October 2023 breakdown (relayed by The Forex Chronicles), 71% of failed traders breached the daily drawdown and only 29% breached the max drawdown. Traders who eventually reached a payout had bought an average of seven challenges first.

Topstep's help center backs that up, noting without a sample or date range that "Over 63% of traders have lost account in a single day" (another Topstep page words it as losing the Combine "on day 1", daily loss limit). Swiset's multi-firm study also found that traders who failed "often did so quickly, typically within a week".

Two rule mechanics determine how fast one bad trade ends your run:

• Hard daily breach vs soft daily pause: At CFD firms like FTMO (5% daily loss, 10% static max loss on a 2-Step) and FundedNext, touching the daily limit terminates the challenge on the spot. Several futures firms treat the daily limit as a circuit breaker instead: hitting it flattens your positions and locks you out until the next session without failing the account. Topstep's Daily Loss Limit ($1,000 on a 50K Combine) is optional at checkout and pauses trading until 5 PM CT. Tradeify's Growth plan ($1,250 on a 50K), MyFundedFutures' Builder plan ($1,000 on a 50K), and Apex's EOD evaluation ($1,000 on a 50K) also pause your day rather than closing your account.
• Intraday trailing vs end-of-day (EOD) trailing drawdown: An EOD trailing floor (used on Topstep's Combine and all current Tradeify plans) only moves up at the market close. An intraday trailing floor chases your peak balance in real time, including unrealized profit on open trades. If a 50K account with a $2,000 intraday trail runs up $1,500 in open profit and pulls back to break-even before you close it, the floor has moved up by $1,500 and leaves you with just $500 of room. Worse, Take Profit Trader and MyFundedFutures' Rapid plan use EOD trailing during the evaluation and switch to intraday trailing once you get funded, making the funded account much easier to blow than the test you just passed. See Apex Trader Funding rules for how Intraday and EOD rules compare, or test your own daily P&L against each floor in the prop firm drawdown calculator.

How I collected this

Each figure in this post was checked against the firm's public disclosures on 8 October 2026, without buying or trading an evaluation. Four rows use Wayback Machine snapshots of the firm's own pages: Take Profit Trader (2 October 2026), E8 Markets (January 2026), Apex (January 2024, since removed from its live site) and Topstep's 2024 funnel. For a full comparison of drawdown rules, payout speed and evaluation costs, see best prop trading firms.

Pass rate FAQ

What is the average prop firm pass rate?

No audited, industry-wide figure exists. Published pass rates run from 8.70% to 36.22% per attempt and from 7.35% to 51.8% per person. Two multi-firm vendor datasets report 12% to 14% (FPFX) and 11.8% to 20.3% (Swiset).

Which prop firm has the highest pass rate?

Among firms that publish a current figure, Take Profit Trader reports the highest per-attempt rate, 36.22% of 2025 Trading Tests. TradeDay reports 36% without saying what it counts. Per person, Topstep reports 51.8% for 2025. These numbers count different things, so no firm is "easier" on this evidence.

What is FTMO's pass rate?

FTMO doesn't publish one. Figures such as "8 to 10%" appear on third-party sites without an FTMO source.

How many funded traders get paid?

About a third at the firms that say. Topstep reports 33.3% for 2025, Tradeify 28.5% and MyFundedFutures 39.2%. Those are shares of funded traders, not of everyone who bought an evaluation.

Do prop firms have to publish pass rates?

No regulation requires prop firms to disclose pass rates. Firms that publish them do so voluntarily in a disclosure footer or FAQ, while FTMO, FundedNext and Apex do not publish current rates.