Compare futures prop firms before you choose

Prop trading lets you trade a firm's capital after passing an evaluation or buying instant funding. You keep a published share of profits while the firm sets risk rules. Futures prop firms focus on CME products with drawdown and payout terms you must read on their site.

We use five comparison categories: Rules Clarity, Value Score, Drawdown Value, Community Trust, and Speed to Fund. The list order is our editorial view for 2026. It is not financial advice. Always confirm terms on each firm's official website.

Short list firms that support your platform, drawdown preference, and budget. Read evaluation and funded rules on each site. Compare profit split tables, reset fees, and payout steps before you pay for any challenge.

End of day drawdown usually updates at the session close. Trailing drawdown can move with your equity high during the day. Static drawdown stays tied to a published starting balance. Each firm defines these differently on its rules page.

Evaluation challenges require meeting published targets under rules before funded status. Instant funding skips the eval for a different fee or rule set. Compare total cost on each firm's site, not only the headline price.

Some cards include published price, split, or platform details when available. Others link to the official site only. Tradesea is a platform Halcyon lists; it is not a separate prop firm on our comparison table.