PropiaFunds vs FTMO

If you are choosing between PropiaFunds and FTMO, the short answer is that neither firm wins every category. In a like-for-like comparison of their $50,000 two-step evaluations, PropiaFunds Master has a lower Phase 1 target, a larger maximum-loss allowance and fewer minimum trading days. FTMO 2-Step offers more platforms, opens the first reward request earlier and refunds the evaluation fee with the first eligible reward.

Country eligibility can override every difference in the rules. FTMO explicitly restricts Iranian nationals and residents, subject to a narrow conditional exception for certain nationals living and banking in the EEA. PropiaFunds’s public legal notice does not name Iran in its example list, but access remains subject to applicable laws, sanctions, FATF high-risk classifications and internal compliance controls. A trader in Iran should therefore obtain written confirmation covering purchase, KYC, platform access and USDT settlement before paying.

Written by: MyFxKit Content Team
Technical review: MyFxKit Technical Team
Official sources checked: September 14, 2026
Snapshot ID: MFK-CMP-PROPIA-FTMO-2026-09-14-01

This comparison covers simulated trading evaluations and performance-based reward accounts. It does not compare live brokerage accounts, provide investment advice or guarantee passing or payment. Prices, discounts, rules, platforms and country access can change. The official checkout, contract and dashboard applicable to your purchase take priority over this snapshot.

The 30-second verdict

PropiaFunds Master may fit better if you want an 8% Phase 1 target, 12% maximum loss, three minimum trading days per phase, USDT settlement and an optional Swing configuration. You must also account for its challenge profit-distribution rule, the purchase-time choice involving EAs and the 60-second rule, EA registration after passing, the 20-active-day first payout schedule and the gross-profit settlement batch limit.

FTMO 2-Step may fit better if you need MT4, MT5, cTrader or TradingView, reward eligibility from day 14, fee reimbursement with the first eligible reward, or a published scaling route toward $2 million. Its trade-offs include a 10% Phase 1 target, four minimum trading days per phase and news or weekend restrictions on the Standard FTMO Account after the evaluation.

For an Iranian resident: FTMO is unavailable unless the individual falls within FTMO’s published conditional exception. PropiaFunds requires written eligibility confirmation because the absence of Iran from an example restricted-country list is not approval. See prop firms for Iranian traders before evaluating price or rules.

Which exact programs are being compared?

The core comparison uses these two configurations:

• PropiaFunds Master, two phases, $50,000 account, base configuration

• FTMO Challenge: 2-Step, $50,000 account, Standard type

PropiaFunds Phoenix and Triple, FTMO 1-Step, FTMO Swing, PropiaFunds’s 95% profit-share add-on and temporary discounts are excluded from the main columns. Those choices alter the evaluation structure, price or trading permissions and should be treated as separate products. Read the prop firm challenge types guide if you need to compare one-step, two-step and three-step routes.

PropiaFunds vs FTMO comparison table

PropiaFunds figures were checked against the official PropiaFunds program page and the reviewed program rules. FTMO figures come from the official 2-Step page and FTMO Trading Objectives.

Which evaluation is easier to pass?

On a $50,000 account, PropiaFunds Master requires $4,000 in Phase 1 profit while FTMO requires $5,000. Both require $2,500 in Phase 2. The combined nominal target is therefore $6,500 for PropiaFunds and $7,500 for FTMO. PropiaFunds also requires at least six trading days across both phases, compared with at least eight for FTMO.

Those figures give PropiaFunds an advantage on the headline path, but targets and minimum days do not determine pass probability by themselves. PropiaFunds applies a profit-distribution rule during the challenge. FTMO’s Best Day Rule applies to its 1-Step product, not to the 2-Step product compared here. A trader who generates a large share of a phase target on one day can therefore face different outcomes despite having the same closing balance.

For PropiaFunds’s challenge distribution test, gross profit from winning closed trades on a calendar day is assessed against 40% of the phase target. On a $50,000 Master account in Phase 1:

Phase 1 target = 8% × $50,000 = $4,000

One-day assessed amount = 40% × $4,000 = $1,600 gross winning profit

Exceeding that amount is not by itself a hard breach. The assessed excess is adjusted during the phase review. If the adjusted balance no longer satisfies the target, the account remains active and the trader must continue. This is different from a drawdown breach. The prop firm consistency rule guide explains how distribution conditions change the effective path to a target.

Drawdown: PropiaFunds provides more overall room

Both programs advertise a 5% daily-loss allowance, equal to $2,500 on the comparison account. The clear difference is maximum loss: PropiaFunds Master states 12%, while FTMO 2-Step uses a static 10% maximum loss.

PropiaFunds initial maximum-loss floor = $50,000 − $6,000 = $44,000

FTMO maximum-loss floor = $50,000 − $5,000 = $45,000

PropiaFunds therefore begins with $1,000 more overall drawdown room. That difference only matters if the strategy can use it without first violating the 5% daily limit. A trader who concentrates too much risk in one session may never benefit from the larger overall allowance.

FTMO’s daily-loss formula

For FTMO 2-Step, the daily floor is recalculated at 00:00 CE(S)T:

FTMO daily floor = balance recorded at 00:00 − $2,500

Equity includes the account balance, open-position profit or loss, swaps and commissions. If the midnight balance is $51,000, the floor for that day becomes $48,500. Floating P/L can violate the objective before a position is closed. FTMO’s official objective definition describes a violation when equity drops below the limit. For operational safety, MyFxKit treats an exact touch of the limit as a breach so spread, commission, slippage and reporting latency do not leave a zero buffer.

PropiaFunds’s daily-loss formula

PropiaFunds’s public program page displays the 5% value, but the reproducible public snapshot does not expose the complete balance basis, reset time and same-day closed-profit behavior at the same level of detail as FTMO. The FTMO formula must not be copied into PropiaFunds simply because both display 5%.

Before purchasing, obtain written answers to four questions: At what exact time and timezone does the daily limit reset? Is the floor based on initial balance, start-of-day balance or another value? How are open equity, swaps and commissions included? Does an exact touch trigger a breach? Until those points are confirmed, use a conservative buffer and prevent equity from touching the calculated boundary.

You can model the result with the prop firm drawdown calculator, then review the complete drawdown guide and floating-loss rule guide.

Fees: only one price was reproducible in this snapshot

On September 14, 2026, PropiaFunds’s public page displayed $315 for the $50,000 Master configuration. FTMO pricing can vary by region, currency, tax and checkout state, and a comparable final amount was not reproducible in the same public snapshot. This edition therefore does not name a fee winner.

Open both checkouts at the same time and record:

• Base price and applied discount

• Final payment currency and conversion rate

• Tax and payment-method charges

• Cost of PropiaFunds Swing or higher profit-share add-ons

• Timing value of a fee refunded with the first versus third approved reward

A lower fee is only better if the program fits the trader’s country, strategy, platform and payout route. The prop firm challenge cost guide shows how to compare the final fee against usable risk allowance instead of advertised account size.

News, weekend and automation rules

News trading

PropiaFunds permits ordinary news trading but prohibits news bracketing, coordinated hedging around an event and splitting opposing directions across accounts. Permission to trade news is not permission to use every price-spike strategy.

FTMO permits news trading during the Evaluation Process for both Standard and Swing configurations. After passing, selected-news restrictions apply to the Standard FTMO Account. Opening or closing a targeted instrument, including an SL or TP activation, is restricted from two minutes before until two minutes after a selected release. FTMO Swing is exempt. Check the official FTMO news FAQ and the MyFxKit news-trading prop firms guide.

Overnight and weekend holding

PropiaFunds’s base configuration does not include overnight or weekend holding. The Swing + No-Swap add-on is selected at purchase and increases the fee by 20%. It changes holding permission, but it cannot remove weekend-gap risk or the effect of a gap on equity-based loss controls.

FTMO allows overnight and weekend holding throughout the 2-Step evaluation. On the subsequent FTMO Account, the Standard type must close positions before the weekend or a market break longer than two hours, while Swing has no such restriction. Use the weekend-holding guide to distinguish evaluation permissions from post-pass permissions.

EAs and very short trades

At purchase, PropiaFunds offers a choice between EA use with the 60-second rule and removing the 60-second rule without EA use. An EA used after passing must be registered. An unregistered EA can expose the account or payout to enforcement. Removing the 60-second condition does not permit arbitrage, HFT, tick scalping, stacking, third-party copying or exploitation of latency and price-feed errors.

FTMO allows EAs within its platform, capacity and forbidden-practice rules. A technically supported EA can still violate an account rule or create excessive order traffic. If automation is essential, compare the exact contract against the EA-friendly prop firms guide.

Platforms and execution testing

PropiaFunds currently provides MT5. FTMO lists MT4, MT5, cTrader and TradingView in its official platform FAQ. FTMO therefore offers more flexibility to traders who depend on cTrader, TradingView or a legacy MT4 workflow.

Platform count does not prove better execution. On a trial or accessible test account, measure these items during the real hours and symbols used by your strategy:

• Spread during the active session, rollover and news

• Round-trip commission and swap

• Entry, exit, SL and TP slippage

• Contract size, leverage, stop level and symbol naming

• Order placement, modification and closing latency

PropiaFunds’s public page advertises more than 500 symbols and 1:100 leverage for forex. Treat these as published product specifications, not guarantees of fixed spreads or fills. FTMO offers a 14-day Free Trial for its 2-Step product; it is useful for workflow and rule testing but cannot guarantee future execution.

Rewards and evaluation-fee refunds

PropiaFunds’s base trader share is 80%. A 95% profit-share add-on is available at purchase for a 35% fee increase. The first request opens after 20 active days and later requests after 14 active days. Settlement is made in USDT. The public page advertises processing within 24 hours after approval; that is the firm’s stated post-approval processing time, not a guarantee that the complete review finishes within 24 hours.

Each PropiaFunds settlement event processes up to $5,000 in gross profit per batch. The trader share is calculated on that batch, and approved remaining profit can be settled in later batches spaced 20 calendar days apart. The $5,000 figure is not a lifetime profit cap. The evaluation fee becomes refundable after the third approved payout.

According to the FTMO reward FAQ, a request can be made from day 14 after the first trade if all positions and pending orders are closed. FTMO states that review normally takes one to two business days, followed by another one to two business days for payment after the invoice is confirmed. The base split for 2-Step is 80%, rising to 90% through Scaling or Premium. The 2-Step evaluation fee is refunded with the first eligible reward.

FTMO has the clearer advantage for first-request timing and earlier fee recovery. PropiaFunds provides a defined USDT route, but active-day counting, the funded-account concentration rule and batch settlement should be included in cash-flow planning. See the prop firm payouts for Iranian traders guide for KYC and destination-wallet checks.

Scaling and account capacity

FTMO’s official Scaling Plan describes a 25% account-balance increase every four months up to $2 million in combined capital. Conditions include a four-month cycle, at least 10% net simulated profit across the preceding four months, at least two processed rewards and a positive balance when the scale-up is reviewed.

PropiaFunds’s public page advertises funding up to $100,000. In the reviewed ruleset, the active post-pass allocation is limited to $100,000 across no more than two accounts. Because account-capacity terms can change by product or contract version, confirm the current limit in the dashboard before activating another account.

FTMO therefore has the larger published long-term scaling ceiling. PropiaFunds may still be the more practical fit for a trader starting smaller or prioritizing USDT. Neither advertised capacity matters unless the trader preserves the account and remains eligible for approved rewards.

Country access, KYC and Iranian traders

FTMO’s eligibility page restricts both nationals and residents of Iran. It describes a conditional exception for an Iranian national only when that person has both valid residency in an EEA country and a traditional bank account in their own name within the EEA. An Iranian resident should not use a VPN, false address or another person’s banking details to bypass the restriction.

PropiaFunds’s public legal disclosure makes access subject to applicable laws, international sanctions, FATF high-risk classifications and internal compliance policies. Iran is not named in its example list, but absence is not approval. Turkey is explicitly included in the example restricted list. False information, VPNs and proxies intended to bypass geographic controls are prohibited.

An Iranian resident should apply this sequence:

1. Exclude FTMO unless the published EEA exception is fully and documentably satisfied.

1. Ask PropiaFunds for written confirmation covering nationality, residence, KYC and USDT settlement.

1. Keep the user account, identity documents and payout destination in the same verified name.

1. Save dated copies of the support response, contract and final checkout.

1. Do not treat website access, accepted payment or issued credentials as final KYC approval.

Which trader fits each program?

This is a fit filter, not an absolute ranking. If one rule conflicts with the strategy, that conflict should carry more weight than a discount or headline reward share. Use the prop firm rule-burden study to build a weighted score.

Red flags before buying

• Comparing base PropiaFunds with FTMO Swing without adding configuration costs

• Assuming equal 5% daily-loss labels mean identical formulas

• Presenting PropiaFunds’s 95% or FTMO’s 90% as the universal base split

• Ignoring PropiaFunds’s challenge profit-distribution rule when planning the target

• Using an unregistered EA or shared strategy and account credentials

• Holding through the weekend without permission for the exact phase and account

• Treating PropiaFunds’s $5,000 batch limit as a lifetime profit cap

• Inferring country eligibility from site language, checkout access or accepted payment

• Operating near a drawdown boundary without spread and commission room

Some outbound MyFxKit links may be commercial. That does not permit changing source data, removing a restriction or manufacturing a universal winner. An unverified value must remain unknown.

Purchase-day checklist

1. Open the $50,000 PropiaFunds Master and FTMO 2-Step Standard configurations together.

1. Record the final fee, currency, tax, discount and every selected add-on.

1. Verify targets, minimum days, daily loss, maximum loss, reset time and equity definition.

1. Separate news, holding and EA rules for the evaluation and post-pass account.

1. Test platform, symbols, leverage, commission, swap, spread and lot limits.

1. Record the reward cycle, base share, batch limits, review time and fee-refund trigger.

1. Confirm country, nationality, residence, KYC and payout destination in writing.

1. Save dated screenshots and check the MyFxKit change log.

Final verdict

In the $50,000 comparison, PropiaFunds Master is the stronger on-paper fit for a trader prioritizing an 8% first target, 12% maximum loss, three minimum days per phase and USDT settlement. That fit comes with a need to understand the challenge distribution test, EA and 60-second selection, Swing permission, the 20-active-day first cycle and payout batches.

FTMO 2-Step is the stronger fit for a trader prioritizing platform choice, day-14 reward eligibility, fee reimbursement with the first eligible reward and a larger published scaling path. Its first target is higher, and the Standard FTMO Account’s news and weekend rules must be separated from evaluation permissions.

For an Iranian resident, neither firm is an automatic selection: FTMO explicitly restricts access, while PropiaFunds requires written eligibility confirmation. The correct decision order is country and KYC first, risk formula second, strategy and platform third, rewards fourth, and price last. Open the PropiaFunds profile and FTMO profile beside the official sources before paying.

Update history

This page is reviewed after a material change to fees, programs, drawdown, rewards, platforms or country access, and at least monthly. Submit documented corrections through the MyFxKit corrections policy.