FTMO has long been considered the gold standard in proprietary trading. Founded in 2015 in Prague, they pioneered the evaluation-based funding model that hundreds of firms now replicate. But in 2026, the prop trading landscape looks radically different. Dozens of competitors have emerged offering lower prices, higher profit splits, more flexible rules, and innovative evaluation models that FTMO simply does not match.
Whether you failed an FTMO challenge and want a fresh start elsewhere, find their rules too restrictive, or simply want better value for your money, this guide covers the 12 best FTMO alternatives available right now. We have personally tested each firm, analyzed their payout records, and secured exclusive discount codes to help you save on your next challenge.
Bottom Line: While FTMO remains a reputable firm, alternatives like FundedNext, FXIFY, and The5%ers offer better pricing, higher profit splits (up to 95%), and more trader-friendly rules. Many also accept US traders, which FTMO does not.
Why Traders Look for FTMO Alternatives
Before diving into our picks, let us understand why so many traders are moving away from FTMO:
1. FTMO Does Not Accept US Traders
Since late 2022, FTMO stopped accepting traders from the United States. This single restriction eliminates a massive portion of the trading community from accessing their platform. All alternatives on our list accept US-based traders.2. Higher Pricing Than Competitors
FTMO's $100K challenge costs around $540. Meanwhile, competitors offer the same account size for $400 or less — and with exclusive promo codes, you can save even more.3. Profit Split Capped at 90%
While 90% sounds generous, several firms now offer 95% or even 100% profit splits on funded accounts. Over time, this difference adds up significantly.4. Strict Trading Rules
FTMO enforces a consistency rule, prohibits certain strategies during news events, and has specific time restrictions that more flexible firms have relaxed or eliminated entirely.5. Two-Step Evaluation Only
FTMO requires traders to pass two separate phases before getting funded. Many competitors now offer one-step challenges, instant funding, or even no-evaluation models.Quick Comparison Table
| Firm | Profit Split | Challenge Type | $100K Price | US Traders | Promo Code | Discount |
|---|---|---|---|---|---|---|
| FundedNext | Up to 95% | 1-step & 2-step | From $399 | Yes | — | — |
| FXIFY | Up to 90% | 1-step & 2-step | From $399 | Yes | KEY | 28% off |
| The5%ers | Up to 100% | Instant & challenge | From $225 | Yes | PFKEY | 5% off |
| FundingPips | Up to 90% | 1-step & 2-step | From $399 | Yes | d81f3890 | 5% off |
| MFF | Up to 92% | 1-step & 2-step | From $399 | Yes | WIN | 50% off |
| BlueGuardian | Up to 85% | 1-step & 2-step | From $399 | Yes | PFK | 50% off |
| TPT | Up to 80% | 1-step | From $399 | Yes | WIN | 40% off |
| ThinkCapital | Up to 80% | 1-step & 2-step | From $399 | Yes | PFK | 25% off |
| InstantFunding | Up to 90% | Instant | From $319 | Yes | AFFSPARK16 | 10% off |
| PropShopTrader | Up to 90% | 1-step & 2-step | From $399 | Yes | PFK | 60% off |
| TickTickTrader | Up to 80% | 1-step | From $399 | Yes | PFK | 40% off |
| Bulenox | Up to 90% | 1-step | From $399 | Yes | PFK | 90% off |
Detailed Reviews: 12 Best FTMO Alternatives
1. FundedNext — Best Overall Alternative
FundedNext has rapidly grown to become one of the most popular prop firms globally, processing over $70 million in payouts. Their combination of competitive pricing, high profit splits, and flexible trading conditions makes them the top FTMO alternative for most traders.
What Makes FundedNext Stand Out:
- Profit sharing from day one — Even during your challenge phase, you earn 15% of profits
- Up to 95% profit split on funded accounts after scaling
- Both forex and futures instruments available
- Swap-free accounts for traders who need them
- Rapid scaling program — grow your account up to $4 million
Evaluation Options:
FundedNext offers both one-step and two-step challenges. The Express model (one-step) has a 25% profit target with no time limit, while the Evaluation model (two-step) follows the traditional 8%/5% split.
Pricing: The $100K challenge starts at $399, making it competitive with FTMO while offering a higher profit split.
Verdict: FundedNext is the closest thing to a "better FTMO" — same reliability and professionalism, but with better profit splits and more flexible options.
Compare FundedNext challenges →
2. FXIFY — Best for Forex Traders
FXIFY has built a strong reputation among forex traders specifically. Their tight spreads, fast execution, and transparent rules make them an excellent choice for serious forex traders looking beyond FTMO.
Key Advantages Over FTMO:
- One-step challenge available — get funded faster
- No consistency rule — trade your natural style
- Raw spreads starting from 0.0 pips
- Multiple platform options including MT4, MT5, and cTrader
- Accepts US traders
Pricing & Discount:
The $100K account starts at around $399. Use code KEY to get 28% off any challenge — bringing the price down significantly compared to FTMO's $540.
Verdict: FXIFY is ideal for forex-focused traders who want raw spreads and a straightforward evaluation without FTMO's complexity.
3. The5%ers — Best for Instant Funding
The5%ers pioneered the instant funding model, letting traders skip the challenge entirely and start trading a funded account immediately. This is a game-changer for experienced traders who know they are profitable and do not want to waste time on evaluations.
What Makes The5%ers Unique:
- Instant funding option — no challenge required
- Up to 100% profit split at the highest tier
- Low minimum deposit options available
- Scaling up to $4 million
- No time limits on evaluations
- Educational resources included
Challenge Options:
- Instant Funding — Start trading immediately with a live account
- High-Stakes Challenge — Traditional evaluation with faster scaling
- Hyper Growth — Aggressive scaling for confident traders
Pricing & Discount:
Plans start from $225 for the smallest account. Use code PFKEY for 5% off all plans.
Verdict: The5%ers is the best choice if you want to skip the challenge phase entirely or want the potential for 100% profit splits.
4. MFF (MyForexFunds successor) — Best Value
MFF offers excellent value with aggressive discounts that make their challenges among the cheapest in the industry. Their evaluation process is straightforward, and their payout track record is solid.
Key Advantages:
- Up to 92% profit split on funded accounts
- Aggressive scaling program
- Multiple evaluation types to suit different trading styles
- Fast payouts — typically within 24-48 hours
- Comprehensive dashboard with detailed analytics
Pricing & Discount:
Use code WIN for a massive 50% off any challenge. This makes MFF one of the most affordable options available, cutting the cost of a $100K challenge roughly in half.
Verdict: If budget is your primary concern, MFF with code WIN offers unbeatable value without sacrificing quality.
5. Bulenox — Cheapest Option (90% Off)
Bulenox specializes in futures prop trading and offers what might be the most aggressive discount in the entire industry. With code PFK, you get a staggering 90% off — making their challenges available for just a few dollars.
Key Advantages:
- 90% off with code PFK — cheapest challenges in the industry
- Futures-focused — CME, CBOT, NYMEX, COMEX
- Multiple platforms — NinjaTrader, Tradovate, Rithmic
- No consistency rule on some plans
- Daily payouts available
Why Choose Bulenox Over FTMO:
FTMO does not offer futures trading at all. If you trade ES, NQ, CL, or any CME futures contracts, Bulenox is a natural fit. Plus, with 90% off, you can take multiple attempts at a fraction of what a single FTMO challenge costs.
Pricing: A $100K futures evaluation typically costs $399 — but with code PFK, it drops to around $40. That is not a typo.
Verdict: For futures traders, Bulenox is unbeatable on price. The 90% discount makes it practically risk-free to try.
6. BlueGuardian — Best for Scaling
BlueGuardian has earned a solid reputation for their generous scaling program and fair trading conditions. Their focus on long-term trader development sets them apart from firms that prioritize challenge sales.
Key Advantages:
- Up to 85% profit split
- Generous scaling program — grow your account significantly
- No minimum trading days on some plans
- Both forex and indices available
- Fast verification process
Pricing & Discount:
Use code PFK for 50% off all BlueGuardian challenges. This brings the $100K account to an extremely competitive price point.
Verdict: BlueGuardian is excellent for traders who think long-term and want a firm that supports their growth through scaling.
Compare BlueGuardian challenges →
7. PropShopTrader — Best Discount (60% Off)
PropShopTrader offers one of the highest discounts available through affiliate codes. With 60% off using code PFK, their challenges become extremely affordable.
Key Advantages:
- 60% off with code PFK — significant savings
- Up to 90% profit split
- Flexible trading rules
- Multiple account sizes available
- Good customer support
Verdict: If you want a significant discount with a reliable firm, PropShopTrader with code PFK is hard to beat at 60% off.
Compare PropShopTrader challenges →
8. FundingPips — Best for Beginners-Friendly Rules
FundingPips has positioned itself as a beginner-friendly prop firm with clear rules and a supportive trading environment. Their dashboard is intuitive, and their evaluation structure is straightforward.
Key Advantages:
- Clear, simple rules — no hidden restrictions
- Up to 90% profit split
- Both one-step and two-step evaluations
- Good educational resources
- Active community on Discord
Pricing & Discount:
Use code d81f3890 for 5% off all FundingPips challenges.
Verdict: FundingPips is ideal for traders who want clarity and simplicity in their prop firm evaluation.
Compare FundingPips challenges →
9. TPT (TakeProfitTrader) — Best for Futures One-Step
TakeProfitTrader (TPT) is a dedicated futures prop firm known for its simple one-step evaluation and fast payouts. Their model is straightforward: hit the profit target, follow the rules, get funded.
Key Advantages:
- One-step evaluation — fastest path to funding
- Futures-focused with excellent execution
- Daily payouts once funded
- No minimum trading days
- Strong community and educational resources
Pricing & Discount:
Use code WIN for 40% off any TPT challenge. This makes their already-competitive pricing even more attractive.
Verdict: For futures traders who want a simple, fast evaluation with proven payouts, TPT is a top choice.
10. TickTickTrader — Best No-Nonsense Futures
TickTickTrader keeps things simple for futures traders. No complex rules, no hidden fees, just a clean evaluation process.
Key Advantages:
- Simple evaluation rules
- Multiple futures platforms supported
- Fast account activation
- Scaling opportunities available
- Responsive support team
Pricing & Discount:
Use code PFK for 40% off all TickTickTrader challenges.
Verdict: A solid choice for futures traders who want simplicity and value.
Compare TickTickTrader challenges →
11. ThinkCapital — Best for New Traders
ThinkCapital has emerged as a popular choice for newer traders entering the prop firm space, with accessible pricing and supportive trading conditions.
Key Advantages:
- Accessible pricing for smaller account sizes
- Up to 80% profit split
- Straightforward rules
- Good onboarding process
- Multiple platforms supported
Pricing & Discount:
Use code PFK for 25% off all ThinkCapital challenges.
Verdict: ThinkCapital is a good starting point for traders new to the prop firm world.
Compare ThinkCapital challenges →
12. InstantFunding — Best for Skipping Evaluations
As the name suggests, InstantFunding lets you skip the challenge phase entirely and start trading a funded account right away.
Key Advantages:
- No evaluation required — instant funded account
- Up to 90% profit split
- Start trading immediately
- Multiple instruments available
- Flexible trading conditions
Pricing & Discount:
Use code AFFSPARK16 for 10% off instant funded accounts.
Verdict: Perfect for experienced traders who know they are profitable and want to skip the evaluation process.
Compare InstantFunding challenges →
FTMO vs Top Alternatives: Feature Comparison
| Feature | FTMO | FundedNext | FXIFY | The5%ers | Bulenox |
|---|---|---|---|---|---|
| Founded | 2015 | 2022 | 2022 | 2016 | 2022 |
| Max Profit Split | 90% | 95% | 90% | 100% | 90% |
| US Traders | No | Yes | Yes | Yes | Yes |
| Instant Funding | No | No | No | Yes | No |
| One-Step Challenge | No | Yes | Yes | Yes | Yes |
| Futures Trading | No | Yes | No | No | Yes |
| Consistency Rule | Yes | Varies | No | No | Varies |
| Best Promo Code | None | — | KEY (28%) | PFKEY (5%) | PFK (90%) |
How to Choose the Right FTMO Alternative
Consider Your Trading Style
- Forex scalper? → FXIFY (raw spreads) or FundedNext (flexible rules)
- Futures trader? → Bulenox (cheapest) or TPT (proven payouts)
- Swing trader? → The5%ers (no time limits) or BlueGuardian (scaling)
- News trader? → FundedNext (news trading allowed on some plans)
Consider Your Budget
- Under $50: Bulenox with code PFK (90% off)
- Under $200: MFF with code WIN (50% off) or PropShopTrader with code PFK (60% off)
- Under $400: Most firms without discounts
- Want maximum value: Stack the best promo codes from this list
Consider Your Location
- US-based: All firms on this list accept US traders (FTMO does not)
- International: You have all options available, including FTMO
All FTMO Alternative Promo Codes (2026)
| Firm | Promo Code | Discount | Link |
|---|---|---|---|
| Bulenox | PFK | 90% off | Visit → |
| PropShopTrader | PFK | 60% off | Visit → |
| Earn2Trade | PFK | 60% off | Visit → |
| MFF | WIN | 50% off | Visit → |
| FFN (FundedNext) | PFK | 50% off | Visit → |
| BlueGuardian | PFK | 50% off | Visit → |
| TPT | WIN | 40% off | Visit → |
| TickTickTrader | PFK | 40% off | Visit → |
| TradeDay | PFK | 30% off | Visit → |
| FXIFY | KEY | 28% off | Visit → |
| ThinkCapital | PFK | 25% off | Visit → |
| TheTradingPit | WIN | 20% off | Visit → |
| InstantFunding | AFFSPARK16 | 10% off | Visit → |
| The5%ers | PFKEY | 5% off | Visit → |
| FundingPips | d81f3890 | 5% off | Visit → |
Frequently Asked Questions
What is the best FTMO alternative in 2026?
FundedNext is the best overall FTMO alternative, offering up to 95% profit splits, both forex and futures trading, and profit sharing from day one during the challenge phase. For the cheapest option, Bulenox with code PFK gives 90% off.Why did traders leave FTMO?
The main reasons are: FTMO no longer accepts US traders, their pricing is higher than competitors, the profit split is capped at 90% while others offer up to 100%, and their two-step evaluation is slower than one-step alternatives.Which FTMO alternative has the highest profit split?
The5%ers offers up to 100% profit split at their highest tier. FundedNext offers up to 95%, and several firms offer 90% — matching FTMO but with better pricing.Can US traders use FTMO alternatives?
Yes — all 12 alternatives listed in this guide accept US-based traders. FTMO stopped accepting US traders in late 2022.Which FTMO alternative is cheapest?
Bulenox with promo code PFK offers 90% off, making challenges available for as low as $40. PropShopTrader with code PFK (60% off) and MFF with code WIN (50% off) are also extremely affordable.Are FTMO alternatives legitimate?
Yes — all firms in this guide are established companies with verified payout records. FundedNext has paid over $70 million, The5%ers has been operating since 2016, and all firms have positive Trustpilot reviews.Do FTMO alternatives offer futures trading?
Yes — Bulenox, TPT (TakeProfitTrader), TickTickTrader, and Earn2Trade all specialize in futures prop trading. FTMO does not offer futures.Which FTMO alternative has the best promo code?
Bulenox with code PFK (90% off) offers the largest discount. PropShopTrader with PFK (60% off) and Earn2Trade with PFK (60% off) are also significant.Conclusion
The prop trading industry has evolved far beyond FTMO in 2026. While FTMO remains a reputable firm with a strong track record, the alternatives on this list offer compelling advantages: higher profit splits, lower pricing, more flexible rules, and — critically for many traders — acceptance of US-based accounts.
Our top recommendation is FundedNext for most traders, Bulenox for futures traders on a budget, and The5%ers for those who want instant funding without an evaluation.
Use the exclusive promo codes in this guide to maximize your savings, and visit our firm comparison tool to see detailed side-by-side comparisons of any firms that interest you.
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