Our editorial team compared every key metric — fees, rules, profit split, payouts — so you can pick the right firm.
| Feature | thePropTrade | FundsCap |
|---|---|---|
| Payout | ||
| Profit Split | 80% (up to 90%) | Up to 90% (2-Step) / 70% (Instant) |
| First Payout | On demand | - |
| Payout Frequency | On demand | On request (up to 72h processing) |
| Max Account Size | $100,000 | $500,000 |
In this independent head-to-head comparison of thePropTrade vs FundsCap, 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.
thePropTrade: Start Any Evaluation for $9.99. Pay Activation Only After Passing. Full Refund on First Payout.
FundsCap: Best Two Step Challenge 2025. 12% Max DD. From $49. 38,000+ Traders.
Based on our independent scoring methodology, FundsCap scores 8.3/10 overall — but the best choice depends on your specific needs. Read the full comparison below.
BestProp Score: thePropTrade scores 7.5/10 vs FundsCap at 8.3/10.
Minimum Fee: thePropTrade starts from $9.99; FundsCap starts from $49. thePropTrade is cheaper at entry level.
Profit Split: thePropTrade offers 80% (up to 90%); FundsCap offers Up to 90% (2-Step) / 70% (Instant). FundsCap has the higher split.
Platforms: thePropTrade supports MT5, cTrader, TradeLocker; FundsCap is on MT4, MT5.
Tradeable Markets: thePropTrade covers Forex, Metals, Indices, Crypto, Commodities; FundsCap offers Forex, Indices, Commodities, Crypto.
Challenge fees are typically the biggest factor when choosing a prop firm. Here is how thePropTrade and FundsCap compare on pricing.
thePropTrade challenge fees start from $9.99. The firm has operated since 2025.
FundsCap challenge fees start from $49. The firm has operated since 2023. They have funded over 38,000+ traders.
On entry-level pricing, thePropTrade offers a lower starting fee — an important factor if you are testing with a smaller account first.
thePropTrade profit split: 80% (up to 90%). FundsCap profit split: Up to 90% (2-Step) / 70% (Instant). FundsCap delivers the higher cut to traders.
Payout frequency: thePropTrade pays On demand; FundsCap pays On request (up to 72h processing). Faster payouts are better for cash flow management.
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.
Here is our full independent review of FundsCap:
FundsCap was founded in 2023 and operates through a Saint Lucia-registered entity with a physical office in Costa Rica. The firm has attracted 38,000+ traders and holds a 4.6/5 Trustpilot rating with 89% five-star reviews. FundsCap won two categories at the FundedTrading Awards 2025: Best Two Step Challenge and Best Prop Firm for Beginners. Maximum account size on the 2-Step program is $500,000. All accounts operate on MetaTrader 4 and MetaTrader 5.
The 2-Step program stands out for its 12% maximum drawdown — significantly wider than the 8-10% typical among competitors — paired with a 6% daily loss limit. This gives traders meaningful room to manage normal daily volatility without account termination. Zero payout fees and no inactivity cost outside the 15-day trading requirement add to the operational cleanliness.
2-Step Challenge ($49-$2,389 for $5K-$500K): Phase 1: 8% profit target. Phase 2: 5% profit target. Daily loss: 6% (balance-based). Max drawdown: 12% (balance-based, static). No time limit on either phase. Up to 90% profit split on funded accounts. Minimum account reset fee: 10% of the challenge price. A 15-day inactivity rule applies — at least one trade must be placed within any 15-day window. Best in class for maximum drawdown buffer among standard evaluation programs.
Instant Challenge ($258-$978 for $25K-$100K): No profit target. Daily loss: 3%. Max drawdown: 8% (static). 70% profit split. Immediate funded access without evaluation. Available only up to $100K — smaller range than the 2-Step program. Tighter daily limit (3%) offsets the lower maximum drawdown requirement.
Platforms: MetaTrader 4, MetaTrader 5. Instruments: Forex, Indices, Commodities, Cryptocurrencies. Standard CFD instrument set covering all major categories. $0 withdrawal fees.
FundsCap earns a 7.2 BestProp score. The 12% maximum drawdown on the 2-Step program is the widest buffer available at this price point ($49 for $5K) in the market — this single feature makes FundsCap particularly suitable for traders who employ strategies with higher intraday variance but consistent results over time. The dual FundedTrading Awards 2025 recognition provides third-party validation, and 38,000+ traders on a 4.6/5 Trustpilot is a solid credibility foundation for a two-year-old firm.
Watch points: the Instant Challenge is limited to $100K maximum and pays only 70% — traders seeking both instant access and high split will need to look elsewhere. The 15-day inactivity closure rule is stricter than most competitors. Payout methods are not clearly published on the main website — confirm withdrawal options before purchasing larger accounts. The Saint Lucia/Costa Rica entity structure is common but adds a layer of opacity compared to UK or EU-registered competitors.
Overall, our independent scoring gives FundsCap 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, FundsCap scores higher overall (8.3/10). 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.
FundsCap offers the higher profit split. thePropTrade: 80% (up to 90%). FundsCap: Up to 90% (2-Step) / 70% (Instant).
EA policies: thePropTrade — check the review. FundsCap — check the review. Always verify the latest policy directly with the firm.
News trading: thePropTrade — check the review. FundsCap — check the review.
Read the full thePropTrade review → · Read the full FundsCap review →
Based on our scoring methodology, FundsCap 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.
thePropTrade offers 80% (up to 90%) profit split, while FundsCap offers Up to 90% (2-Step) / 70% (Instant) profit split. Check each firm's current terms as these can change.
Check our offers page for the latest verified deals on both firms.
thePropTrade processes first payouts in On demand day(s), while FundsCap takes approximately - day(s). Always verify current payout timelines on the firm's website.
Neither thePropTrade nor FundsCap 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.
