Browse every firm we cover in the comparison cards, or tick up to three names to narrow the view. Facts as of 6 November 2026 (Europe/London). Checkout and each firm’s live Terms prevail. This overview does not rank firms or invent a winner.
Read more: matched products and sources date
Facts as of: 6 November 2026 (Europe/London), from each firm’s public product, help and Terms pages cited below. Re-check each firm’s live pages before relying on fees or rules.
Matched products (same idea, not the same currency): roughly $100,000 notional two-step CFD evaluations — FTMO 2-Step (Standard and Swing called out where rules differ), FundedNext Stellar 2-Step, The5ers High Stakes (New vs Classic called out where the plan page differs), BrightFunded 2-Step Bright, and Goat Funded Trader 2 Step Promo 100k (not a conventional full-rules 2-step). Fees are shown first as an approximate pound figure, then the official amount the firm charges in euros or US dollars. A conversion is never presented as the firm’s price. Approximations use the Bank of England daily spot rate for 12 November 2026 (£1 = €1.1961; £1 = $1.3238).
This overview does not rank firms, invent an overall winner, or claim personal testing.
Affiliate disclosure
This page contains FTMO affiliate links. UKPropDesk (Whitethorn Investments Limited) earns a commission if you buy through an FTMO affiliate link on this page. That does not change our editorial duty to state material rules and risks. We do not claim that using our link leaves your price unchanged. We are not currently an affiliate of FundedNext, The5ers, BrightFunded or Goat Funded Trader. Links to those firms are ordinary official links without referral parameters. Commission does not affect our rankings or which firms we cover.
Matched idea~$100k two-step CFD evaluations
CurrenciesApproximate GBP first, then the official EUR or USD charge
Company accountFTMO accepted via KYB; FundedNext and The5ers individuals only; BrightFunded conflicting; Goat Funded Trader not confirmed
Dated6 November 2026 · checkout prevails
Compare firms
Tick up to 3 firms to compare, or swipe through them all. Each card lists the same key facts, in the same order, in plain English. Phase 1 and Phase 2 are spelled out separately. This is not a ranking and it does not pick a firm for you. Cards are shown in a fixed order, the order in which we added firms to the site. The order is not a ranking and is not affected by commission. On a phone, swipe sideways between firms. You can also scroll the page with your finger on a card.
Product figures last checked: 6 November 2026 (Europe/London). Expert Advisors for FTMO, The5ers, BrightFunded and Goat Funded Trader, and company-account wording for BrightFunded and Goat Funded Trader, last checked: 11 November 2026 (Europe/London). Checkout and each firm’s live Terms prevail. Fees are shown as approximate pounds first, then the official euro or US dollar amount the firm charges. The pound figure is not the firm’s price. Goat Funded Trader’s $99 2 Step Promo 100k is not a conventional full-rules $100k 2-step.
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Fee for a $100,000 2-Step account
About £451 list; about £367 promo (FTMO charges €540 list; promo €439 on Standard only, not Swing).The pound figures are approximations, not the firm’s listed prices. Rounded to the nearest pound. Your bank or card provider's exchange rate and fees decide what you actually pay in pounds, which may be more. Converted on 12 November 2026 using the Bank of England daily spot rate (£1 = €1.1961). Rate source. Official pages checked on 15 November 2026 list this fee in euros. Checkout and the firm’s live price prevail.
Phase 1 profit target
10% of the starting balance.
Phase 2 profit target
5% of the starting balance.
Daily loss limit
5% a day on the 2-Step. What this is measured from is not confirmed on the pages we sourced.
Maximum loss
10% on the 2-Step. This is a static limit, so the floor stays put and does not follow new highs.
Minimum trading days
4 trading days in each phase.
Time limit
Unlimited, on FTMO’s comparison table for the 2-Step, 1-Step and Instant products.
Profit split
80% of a Reward by default on the 2-Step. It can rise to 90% on Scaling or Premium. Those thresholds are not stated on the FTMO pages we used.
First payout / payout frequency
From day 14 after the first trade on the FTMO Account.
Weekend / swing holding
Allowed on Swing. Restricted on Standard once you reach the FTMO Account stage.
News trading
Restricted on Standard once you reach the FTMO Account. Swing has no restricted-news ban, on the pages we sourced.
EAs (Expert Advisors)
Yes, with limits. Third-party EAs are allowed. Ultra-fast or manipulative tools are not. There is a cap of 2,000 server requests a day. Identical strategies count toward the $400,000 cap. Last checked: 11 November 2026 (Europe/London).
Company accounts
Yes, through Company KYB (Know Your Business). Trusts and nonprofits are excluded.
Fee refunded?
Yes. The 2-Step fee is refunded in full with the first Reward.
More details
UK eligibility (sourced hedge)
UK not on residency-restricted table; confirm live FAQ
Headline FX leverage (as sourced)
Swing 1:30; Standard 1:100
Evaluation capital
All accounts demo / fictitious / simulated; Rewards on simulated profits
About £415 (FundedNext charges $549.99).The pound figures are approximations, not the firm’s listed prices. Rounded to the nearest pound. Your bank or card provider's exchange rate and fees decide what you actually pay in pounds, which may be more. Converted on 12 November 2026 using the Bank of England daily spot rate (£1 = $1.3238). Rate source. Official pages checked on 15 November 2026 list this fee in US dollars. Checkout and the firm’s live price prevail.
Phase 1 profit target
8% of the starting balance.
Phase 2 profit target
5% of the starting balance.
Daily loss limit
5% of the starting balance each day. The limit resets at midnight server time (00:00).
Maximum loss
10% of the starting balance. This is a static limit. Balance or equity must not fall below 90% of the start, including open losses.
Minimum trading days
5 calendar days in each phase.
Time limit
No time limit, on the Stellar 2-Step pages we sourced.
Profit split
Headline 80% on the 21-day option. Other options are 60%, 90% or a 95% add-on. The option is locked at checkout.
First payout / payout frequency
The payout option is locked at checkout. One example is 21 days, then every 14 days.
Weekend / swing holding
Allowed in the Challenge and on the FundedNext Account, on Stellar 2-Step.
News trading
The Challenge is exempt from the 40% rule. Once funded, only 40% of profits count in a 10-minute news window, and losses count in full.
EAs (Expert Advisors)
Not permitted on accounts of $50,000 or more. A $100,000 Stellar 2-Step is manual-only, on the pages we sourced.
Company accounts
No. Only individuals can hold the account, in their personal name, after KYC (identity checks).
Fee refunded?
Yes. The fee is refunded with the first Performance Reward.
More details
UK eligibility (sourced hedge)
UK not on CFD restricted-country list; confirm live help
Headline FX leverage (as sourced)
1:30 (product page)
Evaluation capital
Simulated-trading products; Performance Rewards in real money; firm states not conventional financial regulation / does not handle client funds
About £344 list; about £306 promo (The5ers’ plan page lists $455 list / $405 promo). An older FAQ still shows $545 (about £412). Checkout prevails.The pound figures are approximations, not the firm’s listed prices. Rounded to the nearest pound. Your bank or card provider's exchange rate and fees decide what you actually pay in pounds, which may be more. Converted on 12 November 2026 using the Bank of England daily spot rate (£1 = $1.3238). Rate source. Official pages checked on 15 November 2026 list plan-page fees in US dollars. Checkout and the firm’s live price prevail.
Phase 1 profit target
10% on the New High Stakes plan. The Classic tab shows Step 1 as 8%.
Phase 2 profit target
5% on the New High Stakes plan. The Classic tab also shows 5%.
Daily loss limit
Plan page, $100,000 tab (6 November 2026): 4% a day. An older FAQ still says 5% of the higher of starting equity or starting balance. This conflict is left open.
Maximum loss
Plan page, $100,000 tab: 8%. This is a static limit. An older FAQ still says 10% of the starting balance. This conflict is left open.
Minimum trading days
3 profitable days in each step. A profitable day needs a closed profit of at least 0.5% of the starting balance.
Time limit
Unlimited time, on the pages we sourced.
Profit split
Starts at 80% and can rise on the plan table.
First payout / payout frequency
Every 14 days once you are on the Pro stage. There are no payouts during evaluation. Sourced FAQs also set a $4,000 payout cap on this $100,000 size and a $500 minimum profit.
Weekend / swing holding
Allowed. Index trades can have a high overnight charge (swap).
News trading
You may not execute in the 2 minutes either side of high-impact news. Profits in that window are deducted. Losses are kept. There is no Swing opt-out.
EAs (Expert Advisors)
Your own EA only, and written approval is needed. The Terms prevail over the FAQ. Last checked: 11 November 2026 (Europe/London).
Company accounts
No. Terms say personal use only. Billing and withdrawals must be in your personal name.
Fee refunded?
Not a simple full refund. On the sourced Payout Policy FAQ, 10% (after Step 1) and 20% (after Step 2) come back as Hub Credit, not cash. 70% is added to the Pro account and can be withdrawn with the first payout once its conditions are met.
More details
UK eligibility (sourced hedge)
UK not named on Forbidden Territory list (“including but not limited to”); also “retail trader” (§1.3); confirm live Terms
Headline FX leverage (as sourced)
1:100 (plan-page headline; no FX/indices split there)
Evaluation capital
Evaluation: simulated / fictitious (Terms). Pro: Definitions “simulated capital” and §6.4 “trading capital” under additional Pro terms not reviewed — ambiguity preserved
About £399 list; about £299 promo (BrightFunded charges €477 list; homepage promo €357.75, still shown on 15 November 2026).The pound figures are approximations, not the firm’s listed prices. Rounded to the nearest pound. Your bank or card provider's exchange rate and fees decide what you actually pay in pounds, which may be more. Converted on 12 November 2026 using the Bank of England daily spot rate (£1 = €1.1961). Rate source. Official pages checked on 15 November 2026 list this fee in euros. Checkout and the firm’s live price prevail.
Phase 1 profit target
8% of the starting balance on 2-Step Bright. (2-Step Classic is a different product, with 10% then 5%.)
Phase 2 profit target
5% of the starting balance on 2-Step Bright.
Daily loss limit
4% of the original challenge balance each day ($4,000 on $100,000), measured from the higher of start-of-day equity or balance. Resets between 11:30 PM and 11:59 PM CET.
Maximum loss
8% of the original challenge balance, as a static limit, on 2-Step Bright. (The 1-Step product uses a 6% trailing limit. That is a different product.)
Minimum trading days
5 days in each stage on 2-Step Bright. A trading day needs a trade that stays open for at least 60 seconds.
Time limit
Not confirmed.
Profit split
Help (18 March 2026) states a default 80/20 split, with scaling or add-on options.
First payout / payout frequency
The first Reward is 30 days after the first trade on the Funded Account, then every 14 days.
Weekend / swing holding
Allowed.
News trading
No news restrictions in Phase 1 or Phase 2. Once funded, profits in a 5-minute window either side of news are deducted (a soft breach). A 48-hour hold is a swing-style exemption.
EAs (Expert Advisors)
Yes, with limits. Not on DXtrade. High-frequency, tick scalping, grid and arbitrage strategies are not allowed. Last checked: 11 November 2026 (Europe/London).
Company accounts
Not settled. The FAQ says you can register as a company and be paid to a company bank account. Terms §5.6 say personal use only. Both are disclosed. Last checked: 11 November 2026 (Europe/London).
Fee refunded?
The default is an unused-account refund only (no trades, within 30 days). An optional Challenge Fee refund add-on is in Terms §7.7. The default product is not a pass-and-refund deal without that add-on.
More details
UK eligibility (sourced hedge)
UK not on the help restricted-country list (Cuba, Iran, North Korea, Pakistan, Syria, Vietnam named); confirm live help
Headline FX leverage (as sourced)
Forex 1:100 (Challenges and Funded)
Evaluation capital
All stages sourced as demo / simulated; performance rewards based on simulated results — not live brokerage capital
Fee recovery
Default: unused-account refund only (no trades, within 30 days). Optional Challenge Fee refund add-on in Terms §7.7 — default product is not pass-and-refund without that add-on
About £75 (Goat Funded Trader charges $99). This is not a conventional 5%/10% $100,000 2-step.The pound figures are approximations, not the firm’s listed prices. Rounded to the nearest pound. Your bank or card provider's exchange rate and fees decide what you actually pay in pounds, which may be more. Converted on 12 November 2026 using the Bank of England daily spot rate (£1 = $1.3238). Rate source. Official pages checked on 15 November 2026 list this fee in US dollars. Checkout and the firm’s live price prevail.
Phase 1 profit target
10% profit target in Step 1 of the Promo.
Phase 2 profit target
5% profit target in Step 2 of the Promo.
Daily loss limit
3% a day on the Promo. Each day's floor is set at 5:00 PM EST (New York time) from the higher of balance or equity. Extra rules apply once funded.
Maximum loss
8% as a static limit on the Promo. Once funded, extra rules apply. After the first payout (purchases from 5 November 2026), this floor moves up to the starting balance.
Minimum trading days
3 profitable days in each step. Once funded, 4 profitable days are needed per payout.
Time limit
Not confirmed.
Profit split
80% of a Reward. If the floating-loss rule is triggered, the split can fall to 50%. A 3% processing fee is taken from each Reward after the split.
First payout / payout frequency
Every 14 days (bi-weekly). There is a $2,000 payout cap on the Promo.
Weekend / swing holding
Holding is allowed. Once funded, profits are removed from trades opened in the last three market hours on Friday and closed in the first three on Monday.
News trading
Allowed. Trades opened or closed within 5 minutes of red-folder high-impact news are capped at 1% of initial profit per trade. This applies in the challenge and once funded.
EAs (Expert Advisors)
Your own EA only. Third-party EAs and VPS-dependent EAs are not allowed. The firm may ask for source code. Last checked: 11 November 2026 (Europe/London).
Company accounts
Not confirmed. No dedicated company-registration FAQ was found. Payouts must go to an account in your own name. Last checked: 11 November 2026 (Europe/London).
Fee refunded?
No. The refund policy and Terms §7.4 say there are no refunds on evaluation or Services purchases.
More details
UK eligibility (sourced hedge)
Restricted-country help (1 October 2026) does not list the UK; confirm live help
Headline FX leverage (as sourced)
Forex 1:100 in Steps 1–2 and 1:50 once funded
Evaluation capital
Official help/Terms language disagrees (simulated funded demo vs Terms §5.1 “live account”) — not resolved
Fee recovery
No refunds on evaluation/Services purchases (refund policy and Terms §7.4)
No firms match these filters or ticks. Use Show all to see every firm.
Prop-style challenges charge upfront fees that you can lose in full if you fail evaluation or breach rules. Across these firms, evaluation capital is described in official materials as simulated / fictitious / demo (wording differs by firm — see the comparison cards). Real-money Rewards or Performance Rewards (where paid) are contractual payments described by each firm — not the same as assuming you hold live brokerage capital under UK Financial Conduct Authority (FCA) retail CFD protections.
Past or simulated results do not guarantee future rewards. Nothing here is investment, tax, or regulated financial advice. Do not assume that the protections of a regulated live CFD account apply. Whether any particular statutory protection applies is a legal question; it is not determined in this article.
UK eligibility (hedged)
Read more: UK eligibility (hedged)
FTMO, FundedNext and The5ers appear usable for UK residents on the basis that the UK is not listed on each firm’s published restriction / Forbidden Territory materials fetched 6 November 2026. That is an inference from absence on a list — confirm live before you pay. The5ers’ list is explicitly “including but not limited to,” and also requires a retail trader (Terms §1.3).
Company vs individual registration
Read more: sourced company-registration rules
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Firm
Sourced rule
FTMO
Natural Person KYC (Know Your Customer), Entrepreneur KYB, or Company KYB (director and shareholder); company trusts and nonprofits cannot contract
FundedNext
Company-name registration not permitted; individual personal name only
The5ers
Terms §3.6: personal use only; not permitted using company details or any other legal entity; invoices/payments/withdrawals in the registered user’s personal name
BrightFunded
Conflicting terms — not settled — the FAQ says you can register as a company and be paid to a company bank account, but Terms §5.6 says personal use only. Last checked: 11 November 2026 (Europe/London).
Goat Funded Trader
Not confirmed — payouts must go to an account in your own name. Last checked: 11 November 2026 (Europe/London).
If you need a UK limited company on the challenge contract itself, only FTMO is sourced as offering a Company KYB path among the firms on this site. FundedNext and The5ers do not permit a company to hold the account on the public rules sourced here. BrightFunded is Conflicting terms — not settled: the FAQ says you can register as a company and be paid to a company bank account, but Terms §5.6 says personal use only. Goat Funded Trader is Not confirmed; payouts must go to an account in your own name. These are registration facts — not tax advice. Company-account wording for BrightFunded and Goat Funded Trader was last checked on 11 November 2026 (Europe/London).
Company accounts: clauses to look for
This is general information, not tax or legal advice. UKPropDesk is not acting as a tax or legal adviser. The list below is a set of clauses to look for in a firm’s own Terms and help pages. It does not tell you whether to use a company, and it does not recommend a structure. Checkout and each firm’s live Terms prevail.
Who the contracting party can be — an individual only, or also a company (sometimes described as Company KYB).
Whether the Terms say “personal use only”, or that registration with company details or another legal entity is not permitted.
Whether invoices, billing and withdrawals must be in a personal name.
Whether directors or beneficial owners must themselves be in an allowed country, even if a company is accepted.
A payout paid into a company bank account does not, on its own, make the Reward company income. If the firm will not contract with a company, putting an individual’s payout through a company bank account does not change who the contracting party was.
Among the firms on this site, only FTMO is sourced as offering a Company KYB path. FundedNext and The5ers do not permit a company to hold the account on the public rules sourced here. BrightFunded is Conflicting terms — not settled: the FAQ says you can register as a company and be paid to a company bank account, but Terms §5.6 says personal use only. Goat Funded Trader is Not confirmed; payouts must go to an account in your own name. Company-account wording for BrightFunded and Goat Funded Trader was last checked on 11 November 2026 (Europe/London).
Read each firm’s own terms or help (confirm the live pages). Company-account and Expert Advisor links for the firms below were rechecked on 11 November 2026 where dated on this page:
Capital, Rewards and regulation framing (qualified)
Read more: Capital, Rewards and regulation framing (qualified)
FTMO: all accounts demo/fictitious/simulated; Rewards are real-money payments on simulated profits under FTMO Account terms; firm materials state services are not regulated financial services.
FundedNext: evaluation and FundedNext Accounts framed as simulated-trading products with real-money Performance Rewards; help article states the firm is not subject to conventional financial regulations because it does not handle client funds or trade on behalf of the public (Ajman, UAE).
The5ers: Evaluation clearly simulated/fictitious under Terms. Pro stage cites both “simulated capital” (Definitions) and “trade with Our trading capital” (§6.4) under additional Pro terms not reviewed — do not treat Pro as purely simulated, and do not assume regulated live CFD protections. UK Ltd 12553363 is named in the Terms footer; that is not an FCA-authorisation claim. Governing law / forum stated: Israel / Tel Aviv.
Fees — approximate pounds first, then the official charge
Read more: how fees and approximations are shown
On the comparison cards, the approximate pound fee is shown first, then the official euro or US dollar amount the firm charges. Approximations use the Bank of England daily spot rate for 12 November 2026 (£1 = €1.1961; £1 = $1.3238), rounded to the nearest pound. A conversion is never presented as the firm’s price. Official pages checked on 15 November 2026 listed no GBP prices. Checkout and each firm’s live price prevail.
Rules that often decide “fit” (not a winner)
Read more: Rules that often decide “fit” (not a winner)
News and weekends. Among FTMO, FundedNext and The5ers, FTMO Swing is the only sourced option that removes the restricted-news ban (and allows weekend holding on the funded stage relative to FTMO Standard). FundedNext allows weekend holding but haircuts funded news-window profits to 40%. The5ers allows weekend holding but bans execution in a two-minute news window with profits stripped.
Automation. FundedNext: Expert Advisors (EAs) not permitted on $50,000+ (so a $100k Stellar 2-Step is manual-only). FTMO: yes, with limits — third-party EAs are allowed; no ultra-fast or manipulative tools; maximum 2,000 server requests a day; identical strategies count toward the $400,000 cap. The5ers: own EA only, written approval needed (Terms prevail over the FAQ). BrightFunded: yes, with limits — not on DXtrade; no HFT, tick scalping, grid or arbitrage. Goat Funded Trader: own EA only — no third-party EAs or VPS-dependent EAs; the firm may ask for source code. EA rules for FTMO, The5ers, BrightFunded and Goat Funded Trader last checked 11 November 2026 (Europe/London).
Payout mechanics. FTMO: from day 14, 80% default (2-Step). FundedNext: payout option locked at checkout (share and cycle change with the option). The5ers: every 14 days once Pro; $100k payout cap $4,000 and min P&L $500 on sourced FAQs/plan.
Fee recovery shape. FTMO 2-Step: full fee with first Reward. FundedNext Stellar 2-Step: refundable with first Performance Reward. The5ers: partial Hub Credit + 70% cash path — different structure.
What this comparison deliberately does not do
No overall winner, score, or “best for UK” label
No personal pass/fail or fill testing
Fee figures stay in the currency each firm charges in; labelled approximations are never presented as the firm’s price
No collapsing The5ers fee or drawdown discrepancies
No inventing The5ers Pro-addendum contents
No tax conclusions (see our UK tax guide)
Eligibility, fees and account checks
Confirm your country and entity type on each firm’s live eligibility / Terms pages — especially company vs individual rules.
Match the product (2-Step / Stellar 2-Step / High Stakes) and read news, weekend and payout-option rules before paying.
Confirm live fees in the firm’s own currency; for The5ers open Hub checkout rather than relying on FAQ examples alone.
Remember: simulated evaluation and contractual rewards are not a regulated live CFD account — do not assume those protections apply.
Each card links to the firm’s own site. The FTMO link is an affiliate link; the others are ordinary links. This overview does not recommend a purchase.
