Prop firm comparison tool
Prop firm offers are hard to compare because each one mixes a different fee, target, drawdown, daily limit and profit split. Enter the terms of up to three challenges you are considering, plus your own win rate, reward to risk and risk per trade, and this tool simulates each challenge with your trading. It ranks the offers by expected value, so you can see which fee buys you the best real chance of getting paid.
Expected value of one attempt
What each offer is worth to you on average, after its fee. Bars only show positive values.
Side by side
Each offer's rules boiled down 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 compared
Every offer is run through the same simulation with your trading. The winner is the one with the highest expected value: your chance of passing times what passing is worth, minus the fee.
Difficulty
How far you must climb compared with how far you may fall.
difficulty = target ÷ max drawdown
Price of the buffer
What you pay for each $1,000 of losses the account can absorb.
fee per $1K = fee ÷ (account × drawdown) × 1,000
Pass rate
2,000 attempts 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 profit per month on that account, times the split.
payout = expectancy × risk × account × trades × 21 × split
Expected value
Refunded fees are added to the value of a pass.
EV = pass rate × (payout × months + refund) − fee
Prop firm comparison questions
How do I compare prop firm challenges?
Look past the headline account size. The fee, the profit target compared with the drawdown allowed, the daily loss limit, the profit split and whether the fee is refunded all change what an offer is worth. This tool puts them on the same footing and runs your own trading numbers through each set of rules.
Why does the target to drawdown ratio matter so much?
It measures how far you have to climb compared with how far you are allowed to fall. A 10 percent target with a 10 percent drawdown is a ratio of 1; an 8 percent target with a 4 percent drawdown is 2, which is much harder for the same trader. Lower is easier.
Is a bigger account always better value?
Not necessarily. Bigger accounts cost more and the percentage rules usually stay the same, so the odds of passing do not change. What changes is the payout if you pass. Compare the expected value, which combines both, rather than the account size alone.
What does a fee refund change?
Many firms refund the challenge fee with your first payout. That makes passing worth more, but it does nothing if you fail. The tool adds the refund to the value of a pass.
Why not just show a list of real firms?
Prop firm rules, prices and promotions change often, sometimes weekly, so any fixed list goes out of date fast. Enter the current terms from the firms you are considering and the comparison will always be up to date.
How reliable is the expected value?
It is only as good as your inputs. If your win rate and reward to risk come from a small or unusually lucky sample, the numbers will be too optimistic. Use your results from at least 50 to 100 trades.