Swing Trading Books: The 2026 Reading List That Works
Introduction The right swing trading books can compress years of trial and error into a few focused evenings of reading, which is why serious traders
Forex prop firms are becoming more and more popular among traders, both new and experienced. A proprietary (prop) trading firm gives a trader access to the firm’s capital to trade on its behalf meaning you can trade larger position sizes without risking your own savings. Of course, a firm won’t hand money to just anyone, which is why most require you to pass an evaluation first.
In this guide we compare the best forex prop firms including FTMO, FTUK, PipFarm, and The 5%ers explain how forex prop trading works, weigh the advantages and disadvantages, and show you exactly how to choose the right firm for your trading style and goals.
An alternative to trading forex with your own funds is to trade with a proprietary FX trading firm using capital provided by the firm itself. A forex prop firm is a company that funds traders, lets them trade its capital, and shares the resulting profits with them typically keeping a percentage for itself.
In practice, most prop firms ask you to complete a challenge or evaluation to prove your skill and discipline before they give you a funded account. Once funded, you trade according to the firm’s rules (profit targets, drawdown limits, risk parameters) and receive a share of the profits you generate commonly 70-90%.
We’ve reviewed the most popular forex prop firms so you can compare their funding sizes, profit targets, drawdown rules, and costs side by side. Each firm suits a different type of trader there is no single “best” option, only the best one for you.
flexible funding tiers with scalable accounts.
PipFarm offers seven starting programs:
Funded programs are scaled every 30 days if profit target of 12% is attained.
You choose to pass either a 1-stage challenge as outlined above or divide it into two stages with half the target for each stage. For example, if you choose a 2-stage challenge with $100,000 funding, you have to achieve at least $6,000 profit during the first stage and the same $6,000 during the second stage; everything else remains the same compared with the 1-stage challenge process.
12% for 1-stage, 6% for 2-stage
3%
Either 12% from maximum equity or 6% from starting equity
You earn XP by taking and passing challenges, passing verification, receiving payouts, and scaling funding.
PipFarm also offers a range of programs to pass to funds trading without evaluation period.
All instant funding programs work under following conditions:
3 days
US dollar
up to 1:50. The leverage is dynamic and scales down with the current exposure volume in a given trading symbol.
Forex, commodities, indices, cryptocurrencies.
$6/lot round trip
cTrader
No
Rise, bank transfer, PayPal, cryptocurrencies, Payoneer, Revolut, Wise, Coinbase, Binance, Skrill.
instant funding options and a straightforward evaluation.
Registration fee and account size: Funds on your account can be in one of the three currencies: USD, EUR, GBP. To save space, the following list will only show the values in dollars. The list has the following format: registration fees for evaluation/instant funding accounts – starting account size at level 1 – maximum account size at level 7.
10%
8%
Depends on the account level. Up to 1:100.
Forex, metals, indices, commodities, and cryptocurrencies.
FTUK offers a variety of powerful addons. Unlock level 8 (essentially, double the maximum trading capital) — +10% to the fee (free with a special promotion). Joining fee refund — +15% to the fee. Evaluation retake — + 50% to the fee. No stop-loss — + 20%.
None.
the best-known prop firm, with a rigorous two-step challenge.
unlimited period, minimum 4 trading days
maximum 5% daily loss and 10% total loss, 10% profit target during the first period (5% for the second period), EUR155/EUR345/EUR540/ EUR1,080 fee (based on the account size).
with the first profit split.
5% max daily loss
Allowed in swing accounts, restricted depending on the instrument and the news event on the funded accounts, not restricted during challenge.
$10,000 / $25,000 / $50,000 / $100,000 / $200,000
strong for low-drawdown, growth-focused traders.
Hyper Growth Program three balance options, all supporting growth up to $4M, with a 10% profit target, 1:30 leverage, no evaluation time limit, and payout split up to 100%/0% after funding:
start $5K, stop-out $4.7K, 50/50 split $260 fee
start $10K, stop-out $9.4K, 50/50 split $450 fee
start $20K, stop-out $18.8K, 50/50 split $850 fee
5%
High-Stakes Challenge high-risk/high-reward, 2-step evaluation:
$5K/$39 · $20K/$165 · $60K/$300 · $100K/$495 (fee refunded after completing Step 2)
unlimited · Min profitable days: 3 (evaluation) + 3 (scaling) · Max daily loss 5% · Max loss 10%
Step 1 – 8%, Step 2 – 5%, Funded – 10% for scaling
100K Bootcamp three challenges, 6% profit target, 5% max loss, 1:10 leverage, no time limit (stop-loss risking ≤2% of balance required on all positions):
$20,000/Free · $100,000/$95 · $250,000/$225
funded balance scales $20K/$100K/$250K up to $4M, 5% profit target, 4% max loss, 1:10 leverage, up to 100%/0% split (starts 50/50)
Picking a firm that fits your style and goals is crucial. Make a confident decision by checking these five factors:
instant funding or a challenge? Weekly or monthly payouts? Define your priorities first.
look for a track record, genuine reviews, and transparency; avoid firms with withheld-payout histories.
confirm the firm supports your instruments (forex, indices, metals) and style (scalping, swing, news).
compare what you keep; the best firms offer 80–90% and scale it as you grow.
check the evaluation cost, reset fees, and whether the fee is refunded after you pass.
A forex prop firm is a great way to get started in trading if you lack substantial capital of your own. For more established traders, prop trading is still a convenient path to stronger risk management and self-control. Use the comparisons and guide above to choose a firm that matches your style and always trade within its rules to protect your funded account.
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