FTMO is the benchmark forex prop firm: a 10% then 5% two-step, 10% static max loss and no time limit. If you want a lower target, a cheaper challenge, TradeLocker or a higher split, these are the alternatives we cover.
FTMO vs the alternatives
| Firm | Main challenge | Max loss | Split | Why pick it over FTMO |
|---|---|---|---|---|
| FTMO (benchmark) | 10%, then 5% | 10% static | 80%, up to 90% | — |
| FundedNext | 8%, then 5% | 10% | 80%, up to 95% | Lower phase-1 target |
| The5ers | 10%, then 5% | Static | 80%, rising with scale | Scaling plans, low-cost Bootcamp |
| FundingPips | 8%, then 5% | 10% static | 60% to 100% | Cheaper; TradeLocker; flexible payouts |
| Alpha Capital Group | Pro 10%: 10%, then 5% | 10% static | 80% | TradeLocker; 1-, 2- and 3-step choices |
| E8 Markets | E8 One, customisable | 4% to 14% | 80%, up to 100% | One step, no minimum days, on-demand payouts |
| Clarity Traders (partner) | 8%, then 5% (Traditional) | 8% | Up to 100% | TradeLocker; bi-weekly USDT payouts |
Rules as summarised in our reviews and checked November 2, 2026. Prop firm rules change often, so confirm them on each firm’s site before you buy. Clarity Traders is a TradingFormula partner and is not rated.
How to choose
- Lowest target: FundedNext or FundingPips (8% in phase 1).
- TradeLocker: FundingPips, Alpha Capital, E8 or Clarity Traders.
- One step: E8 One.
- Long track record and MT4: stay with FTMO.
Compare head to head: FundingPips vs FTMO, Alpha Capital vs FTMO, FTMO vs FundedNext and FTMO vs The5ers, or filter every firm in the rules finder.
FTMO alternatives FAQ
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Risk warning: Trading forex, futures, CFDs and other leveraged products involves a high risk of loss and is not suitable for every investor. Nothing on this site is investment advice.