Our editorial team compared every key metric — fees, rules, profit split, payouts — so you can pick the right firm.
| Feature | Seacrest Funded | thePropTrade |
|---|---|---|
| Payout | ||
| Profit Split | 80% (90% with add-on) | 80% (up to 90%) |
| First Payout | 5 | On demand |
| Payout Frequency | Every 5 days | On demand |
| Max Account Size | $100,000 | $100,000 |
Winner: Seacrest Funded
In this independent head-to-head comparison of Seacrest Funded vs thePropTrade, we break down challenge rules, pricing, profit splits, and payout conditions to help you decide which prop firm is the better fit for your trading style.
Seacrest Funded: Payouts Every 5 Days. $10M+ Paid in 2024. No Style Restrictions. Est. 2022.
thePropTrade: Start Any Evaluation for $9.99. Pay Activation Only After Passing. Full Refund on First Payout.
Based on our independent scoring methodology, Seacrest Funded scores 8.6/10 overall — but the best choice depends on your specific needs. Read the full comparison below.
BestProp Score: Seacrest Funded scores 8.6/10 vs thePropTrade at 7.5/10.
Minimum Fee: Seacrest Funded starts from $50; thePropTrade starts from $9.99. thePropTrade is cheaper at entry level.
Profit Split: Seacrest Funded offers 80% (90% with add-on); thePropTrade offers 80% (up to 90%). thePropTrade has the higher split.
Platforms: Seacrest Funded supports MT5, Match Trader; thePropTrade is on MT5, cTrader, TradeLocker.
Tradeable Markets: Seacrest Funded covers Forex, Metals, Energy, Indices, Crypto, Commodities; thePropTrade offers Forex, Metals, Indices, Crypto, Commodities.
Challenge fees are typically the biggest factor when choosing a prop firm. Here is how Seacrest Funded and thePropTrade compare on pricing.
Seacrest Funded challenge fees start from $50. The firm has operated since 2022. They have funded over 80,000+ traders. Total payouts to date: $10,000,000+.
thePropTrade challenge fees start from $9.99. The firm has operated since 2025.
On entry-level pricing, thePropTrade offers a lower starting fee — an important factor if you are testing with a smaller account first.
Seacrest Funded profit split: 80% (90% with add-on). thePropTrade profit split: 80% (up to 90%). thePropTrade delivers the higher cut to traders.
Payout frequency: Seacrest Funded pays Every 5 days; thePropTrade pays On demand. Faster payouts are better for cash flow management.
Here is our full independent review of Seacrest Funded:
Seacrest Funded (formerly My Funded FX, rebranded 2022) was founded in June 2022 and is headquartered in Hong Kong. CEO Matthew Leech leads the platform, which has grown to 80,000+ active traders across 190+ countries. The firm has distributed $10M+ in payouts during 2024 alone, with a record single payout of $74,000+. Trustpilot: 4.3/5 from over 2,700 reviews – a strong combination of volume and score for a firm its age.
Two evaluation tracks are available: a 1-Step and a 2-Step. Maximum combined allocation reaches $400,000, with a scaling path to $1,000,000. Payouts are available every 5 days – among the most frequent payout cycles in the prop firm industry.
1-Step Challenge: A single evaluation phase requiring a 10% net profit target. Daily drawdown: 4%. Maximum drawdown: 6% (trailing – locks at starting balance once account enters profit). Once in the Live Simulated Trader phase (funded), no profit target applies – only risk management rules are enforced. Minimum payout: $65.
Fees: $5K: $50 | $10K: $100 | $25K: $200 | $50K: $300 | $100K: $500
2-Step Challenge: Phase 1: 8% net profit target. Phase 2: 5% net profit target. Daily drawdown: 5%. Maximum drawdown: 8%. More forgiving drawdown rules in exchange for a two-phase path.
No time limit on either track. Inactivity rules apply (confirm with support). No restrictions on trading style.
Platforms: MetaTrader 5, Match Trader. Instruments: Forex, Metals, Energy, Indices, Cryptocurrencies, Other Commodities. Broad instrument coverage with no asset class restrictions noted.
Seacrest Funded earns a 7.5 BestProp score. Three years of operation, $10M+ in 2024 payouts, 4.3/5 Trustpilot from 2,700+ reviews, and a payout cycle of every 5 days (among the most frequent available anywhere) make Seacrest a credible and trader-friendly option. Competitive fees starting at $50 for a $5,000 account, no style restrictions, and a generous 6% trailing drawdown that locks at starting balance on the 1-Step track are further positives.
The main limitations: the 80% base profit split requires a paid add-on to reach 90%, there is no published EA or hedging policy (confirm before using automated strategies), and the maximum base allocation of $400K is lower than several competitors. The Hong Kong headquarters and lack of explicit regulatory details are worth noting for traders who prioritise jurisdictional transparency. Overall one of the more consistently reviewed mid-tier prop firms on the market.
Here is our full independent review of thePropTrade:
thePropTrade is operated by The Prop Trade Ltd (registration 2025-00866, Saint Lucia) and QuantElite FZCO (Dubai Silicon Oasis, UAE), led by CEO Katarina K. The firm registered in 2025, making it one of the newest entrants in the prop trading space with a very limited public track record. Platforms include MetaTrader 5, cTrader, and TradeLocker. Maximum account size is $200,000, with leverage up to 1:100. The firm serves all instruments except jurisdictions on FATF/EU/UN sanctions lists, and excludes China and Vietnam.
thePropTrade’s signature offering is PayFlex Edge — a distinctive pay-to-start model where the upfront evaluation cost is $9.99 for all account sizes. An activation fee (paid only after passing the evaluation) varies by account size and is refunded on the first funded payout.
How it works: Pay $9.99 to begin the evaluation regardless of account size. Complete the 6% profit target. Upon passing, pay an activation fee (see table below). The activation fee is refunded on your first funded payout — making the long-run cost zero if you trade profitably.
Evaluation parameters (all sizes): 6% profit target. Daily loss limit: 4%. Max drawdown: 6% trailing lock — the drawdown ceiling adjusts with equity gains and locks the floor at the highest reached level. Minimum 3 profitable trading days required (with at least 0.5% profit each). No maximum time limit. Swap-free accounts available. No consistency rule.
Activation fees by account size (post-pass):
The overall price is comparable to standard single-phase programs — the innovation is the cost split: risk only $9.99 to attempt, pay the remainder only after proving profitability.
Profit split: 80% (up to 90% with scaling milestones). Payouts on demand. Instruments: Forex, Metals, Indices, Crypto, Commodities. All three platforms (MT5, cTrader, TradeLocker) available on funded accounts. No maximum lot size restrictions. Swap-free accounts available.
Platforms: MetaTrader 5, cTrader, TradeLocker — full three-platform flexibility is uncommon at this price point. Instruments: Forex, Metals, Indices, Crypto, Commodities. Leverage up to 1:100.
thePropTrade earns a 6.2 BestProp score. The $9.99 pay-to-start structure is genuinely innovative and removes the most common barrier to entry in prop trading — the fear of paying full price and failing. For a trader with a proven strategy, risking $9.99 to attempt a $100K evaluation (full activation fee refunded if funded) is a compelling proposition. Three supported platforms (MT5, cTrader, TradeLocker) and swap-free accounts add structural quality. On-demand payouts remove payout cycle delays.
The primary concern is the firm’s age: registered in 2025 with registration number 2025-00866, thePropTrade has an extremely limited public operating history. No verified Trustpilot score is publicly confirmed. The CEO is identified only by first name and initial publicly. Trading rules for EAs, news, and overnight holds are not clearly published. Saint Lucia/Dubai dual-entity structure adds a layer of opacity. Traders should proceed with small account sizes first and verify all rules directly with support before committing to larger activation fees. A promising concept; the track record needs time to build.
Overall, our independent scoring gives Seacrest Funded the edge in this 2026 comparison. However, both firms have their merits. If thePropTrade better matches your specific trading style, instruments, or preferred platform, it may still be the right choice for you.
Use our comparison table above and review the challenge fees at both firms before making your final decision. Both offer risk-free evaluation programs — the challenge fee is the only money at risk.
Based on our independent scoring, Seacrest Funded scores higher overall (8.6/10). The best choice depends on your trading style, preferred instruments, and account size.
thePropTrade offers a lower entry-level challenge fee. However, always compare the full account sizes you plan to trade before deciding purely on price.
thePropTrade offers the higher profit split. Seacrest Funded: 80% (90% with add-on). thePropTrade: 80% (up to 90%).
EA policies: Seacrest Funded — check the review. thePropTrade — check the review. Always verify the latest policy directly with the firm.
News trading: Seacrest Funded — check the review. thePropTrade — check the review.
Read the full Seacrest Funded review → · Read the full thePropTrade review →
Based on our scoring methodology, Seacrest Funded edges ahead in this comparison. However, the best choice depends on your trading style, preferred platform and account size. Read the full breakdown above for a detailed verdict.
Seacrest Funded offers 80% (90% with add-on) profit split, while thePropTrade offers 80% (up to 90%) profit split. Check each firm's current terms as these can change.
Check our offers page for the latest verified deals on both firms.
Seacrest Funded processes first payouts in 5 day(s), while thePropTrade takes approximately On demand day(s). Always verify current payout timelines on the firm's website.
Neither Seacrest Funded nor thePropTrade are regulated in the traditional financial sense — prop firms operate as private companies providing traders access to simulated or real capital. Always read the terms and conditions carefully before participating in any prop challenge.
