The proprietary trading industry continues to evolve rapidly, offering aspiring traders opportunities to access substantial capital without risking their own funds. This detailed analysis examines four prominent prop trading firms:FundedNext vs The5ers vs Alpha Capital vs RebelsFunding . Each firm presents unique value propositions, trading conditions, and evaluation structures designed to identify and support talented traders.
1. FundedNext: Industry Leader in Scale and Innovation
Company Overview
FundedNext positions itself as one of the industry’s most established proprietary trading firms, operating under GrowthNext F.Z.E., registered in the United Arab Emirates with additional operations in Cyprus. The firm has achieved remarkable milestones with over 125,000 funded accounts, 43,000+ rewarded traders, and more than $150 million in total rewards distributed.
FundedNext Key Features:
Account Sizes & Programs:
- Account sizes ranging from $6,000 to $300,000 (CFDs)
- Multiple challenge models: Stellar 2-Step, Stellar 1-Step, and Stellar Lite
- Recently launched FundedNext Futures for futures trading enthusiasts
- Maximum account scaling potential up to $300,000
Profit Sharing Structure:
- Industry-leading profit split up to 95%
- Guaranteed 24-hour payout promise with $1,000 penalty if delayed
- Average disbursement time of just 5 hours
- First withdrawal available after 21 days
Trading Conditions:
- No time limits on challenge phases
- 8% profit target for Phase 1, 5% for Phase 2
- Maximum loss limit: 10%
- Daily loss limit: 5%
- Minimum 5 trading days required
- News trading permitted
- Leverage up to 1:30
Platforms & Technology:
- Award-winning Match-Trader and cTrader platforms
- Raw spreads with low commissions
- 24/7 human support available
- Extensive payment options including M-Pesa, PayPal, Skrill, cryptocurrencies, and regional methods
FundedNext Unique Features
FundedNext distinguishes itself through its “Guaranteed Rewards” promise, paying traders an additional $1,000 if payouts aren’t processed within 24 hours. The firm offers comprehensive add-ons including Lifetime Reward 95%, 150% Reward, Double Up options, and No Minimum Trading Days modifications.The company has received multiple industry accolades including “Best Prop Trading Firm of The Year 2025,” “Best Prop Trading Firm Africa,” and “Best Trading Experience Award.
Also, you may read FundedNext: Review
FundedNext: Strenghts & Considerations
| Strengths | Considerations |
|---|---|
| Fastest payout processing in the industry | Higher entry fees compared to some competitors ($49.99–$1,049.99) |
| Highest profit split available (up to 95%) | Stricter daily drawdown rules may challenge aggressive traders |
| No time restrictions on challenges | UAE-based registration may concern some traders |
| Extensive global payment infrastructure | |
| Strong track record with 125K+ funded accounts |
2. The5ers: Veteran Trader-Focused Approach
Company Overview
The5ers operates as Five Percent Online Ltd., registered in Israel since 2016, making it one of the industry veterans with over eight years of operational history. The firm emphasizes fair play, transparency, and genuine trader development with over 1.6 million trading accounts created.
The5ers Key Features:
Account Sizes & Programs:
- Three distinct programs: HyperGrowth (1-step), High Stakes (2-step), and Bootcamp (3-step)
- Account sizes from $2,500 to $250,000
- Maximum scaling potential up to $4 million
- Unique program variety catering to different skill levels
The5ers Program Types:
| Program | Account Sizes | Targets | Profit Split | Entry Cost / Notes |
|---|---|---|---|---|
| HyperGrowth (1-Step) | $5K, $10K, $20K | 10% target6% stop-out, 3% daily pause | Up to 100% | $260 / $450 / $850 |
| High Stakes (2-Step) | $2.5K – $100K | 8% (Phase 1)5% (Phase 2) | 80–100% | $22 – $545Budget-friendly |
| Bootcamp (3-Step) | $20K, $100K, $250K | 6% per phase | — | Most affordableSkill-focused progression |
- Unlimited time limits across all programs
- Minimum 3 profitable days (scaling requires 3 days)
- 5% maximum daily loss
- 10% maximum total loss
- Leverage 1:30
- Industry-best spreads with competitive commissions
The5ers Unique Features
The5ers emphasizes educational resources with a comprehensive Academy offering free classes for all skill levels, weekly webinars, and masterclasses. The firm runs regular trading competitions, hosts global meetups and events, and maintains an active Discord community. Average payout time is remarkably fast at 16 hours, and the firm processes approximately 3,740 monthly payouts. The company operates with 350+ dedicated professionals across four global offices.
Also, you may read The5ers: A Brief Review
The5ers Strenghts & Considerations
| Strengths | Considerations |
|---|---|
| Eight years of proven operational history | Lower maximum profit split (80–100%) compared to FundedNext |
| Three distinct program types for all trader levels | Daily pause mechanism may limit certain strategies |
| Extremely fast payouts (≈16-hour average) | Israeli registration may raise concerns in some regions |
| Comprehensive educational ecosystem | Smaller maximum account sizes compared to some competitors |
| Active trader community and global events | |
| Scaling potential up to $4 million | |
| Affordable entry via High Stakes program |
3. Alpha Capital Group: UK-Based Professional Structure
Company Overview
Alpha Capital Group Limited is a UK-registered proprietary trading firm established in November 2021. Founded by George Kohler and Andrew Blaylock, the company operates from London with its proprietary broker ACG Markets, regulated by the Financial Services Authority of Seychelles.
Alpha Capital Group Key Features:
Account Sizes & Programs:
- One-step, two-step, and three-step evaluation options
- Account sizes from $5,000 to $200,000
- Scaling potential up to $2 million
- Raw and Standard account types
Profit Sharing & Payouts
- Profit Split: 80% on funded accounts
- Payout Schedule: Bi-weekly payouts (every 14 days)
- First Payout Bonus: One-time performance fee bonus equal to 0.25% of the initial account size
Trading Conditions
- Time Limits: No time limits on any evaluation phase
- Profit Targets (2-Step Evaluation):
- Maximum Loss (Funded Account): 6% total drawdown
- Daily Loss Limit (Funded Account): 4%
- Drawdown Type: Static or trailing, depending on the selected account type
- Leverage: Up to 1:100
Supported Trading Platforms– Alpha Capital supports multiple professional trading platforms, allowing traders to choose their preferred execution environment MetaTrader 5 (MT5)cTrader, DXTrade and TradeLocker
Position Sizing & Exposure Limits
To maintain controlled risk exposure, Alpha Capital enforces strict position sizing rules:
- Maximum 10 lots per trade for FX, XAUUSD, and XAGUSD
- Maximum 30 lots per trade for Oil, CFDs, and Indices
- A maximum of 5 open trades at any given time
- Total exposure capped at 50 lots for FX & Metals
- Total exposure capped at 150 lots for Oil, CFDs & Indices
Prohibited Trading Strategies
The following trading practices are not permitted on Alpha Capital accounts:
- Arbitrage trading
- Latency or execution delay exploitation
- High-frequency trading (HFT) strategies
- Account management or third-party trading services
- Trades executed by anyone other than the registered account holder
Alpha Capital Group Unique Features
Alpha Capital’s framework is designed for disciplined, rule-based traders who value structured risk management, higher leverage, and platform flexibility. While the rules may limit aggressive or high-frequency approaches, they provide a stable environment for professional-style trading and consistent capital growth.
Alpha Capital offers structured 10% incremental scaling based on initial virtual capital. Each scale-up requires achieving a fresh 10% gain over the initial capital. The process takes 24-48 hours and requires a minimum of 5 active trading days before new performance fees become eligible.
Also, you may read Alpha Capital Review
Alpha Capital Group: Strengths & Considerations
| Strengths | Considerations |
|---|---|
| UK-based registration with FSA-regulated broker backing | Lower profit split (80%) compared to competitors |
| Multiple platform options (4 trading platforms) | Bi-weekly payout schedule slower than FundedNext and The5ers |
| Higher leverage available (up to 1:100) | Stricter position sizing limitations |
| Clear and structured scaling plan | More restrictive trading rules |
| Competitive pricing with low entry point ($40 for 2-step) | Limited asset selection (no cryptocurrency trading) |
| Three evaluation models offering flexibility | Tier-3 regulatory jurisdiction (Seychelles) |
4.RebelsFunding: No Time Limit Pioneer
Company Overview
RebelsFunding operates under RIFM, s.r.o., registered in Slovakia. The firm positions itself as a “no time limit prop firm,” emphasizing flexibility and trader autonomy. With over 30,000 traders and more than $3 million paid out in rewards across 2,500+ payments, RebelsFunding offers a distinctive approach to prop trading.
Account Sizes & Programs:
- Five program tiers: Copper (4-phase), Bronze (3-phase), Silver (2-phase), Gold (1-phase), and Diamond (Instant)
- Account sizes from $5,000 to $640,000
- Unique multi-phase progression system
- Free trial accounts available
RebelsFunding Program Structure
Copper (4-Phase): Most affordable entry, longest progression path Bronze (3-Phase): Balanced approach with moderate pricing Silver (2-Phase): Traditional two-step evaluation Gold (1-Phase): Quick access for experienced traders Diamond (Instant): Immediate funding for proven traders.
Profit Sharing:
- Profit splits vary by program
- Up to 200% maximum refund on fees
- Progressive reward structure based on performance
Trading Conditions:
- No time limits across all programs (core differentiator)
- 32 swap-free instruments available
- Modern proprietary RF-Trader platform
- Real-time market quotations from liquidity providers
- Flexible trading strategies permitted
Platform Technology:
RebelsFunding operates on its proprietary RF-Trader platform, a modern all-in-one trading solution built on TradingView charts for advanced technical analysis and intuitive execution. The platform connects directly to liquidity providers, enabling real-time pricing and efficient order execution without reliance on third-party terminals.
Developed in collaboration with FDCTech, RF-Trader is designed to deliver a streamlined trading experience that combines charting, execution, and account management within a single, integrated environment.
RebelsFunding Unique Features
RebelsFunding’s defining characteristic is the complete absence of time pressure, allowing traders to execute strategies at their own pace. The firm offers rapid phase progression with next phases available “in seconds” upon meeting requirements.
The company emphasizes its unique 200% fee refund structure, returning up to double the initial fee for successful traders. The proprietary RF-Trader platform provides a modern, integrated trading experience distinct from traditional MT4/MT5 solutions.
Also, you may read RebelsFunding Review
Rebels Funding: Strengths & Considerations
| Strengths | Considerations |
|---|---|
| No time limits on any program (true flexibility) | Newer firm with a shorter operating track record |
| Unique 5-tier program structure | Proprietary platform may involve a learning curve |
| Up to 200% maximum fee refund | Slovak registration may be less familiar to some traders |
| 32 swap-free trading instruments | Smaller total payout volume compared to industry leaders |
| Modern proprietary trading platform | Limited public disclosure on specific drawdown rules |
| Free trial accounts available | Less detailed information on long-term scaling structure |
| Instant phase progression | |
| Competitive pricing | |
| Developed in partnership with FDCTech |
Pricing Comparison: FundedNext vs The5ers vs Alpha Capital vs RebelsFunding
| Firm | Program Type | Entry Fee | Profit Split | Notable Features |
|---|---|---|---|---|
| FundedNext | Stellar 2-Step | $109.99 | Up to 95% | 24-hour payout guarantee |
| The5ers | High Stakes | $78 | 80–100% | $10 reward after Phase 1 |
| Alpha Capital Group | 2-Step | ~$40–$80 | 80% | Performance bonus on first payout |
| RebelsFunding | Silver 2-Phase | Variable | Variable | No time limit on challenges |
Final Verdict
| Category | Best Firm(s) | Key Reasons / Notes |
|---|---|---|
| Best for Beginners | RebelsFunding / The5ers (Bootcamp) | No time pressureLow entry costStructured progressionEducational support |
| Best for Experienced Traders | FundedNext / The5ers (HyperGrowth) | Fast payoutsHigher profit splitsQuick access to capitalProven track record |
| Best for Budget-Conscious Traders | The5ers (High Stakes) / Alpha Capital | Lowest entry fees ($22–$40)Reasonable profit splitsFlexible account sizes |
| Best for Scalability | The5ers | Up to $4M scalingClear long-term growth modelStrong trader retention |
| Best for Speed | FundedNext | ~5-hour average payouts24-hour payout guaranteeFast onboarding & withdrawals |
| Best for Flexibility | RebelsFunding | No time limitsMultiple evaluation pathsSwap-free instruments |
| Best for Platform Variety | Alpha Capital | 4 platforms availableMT5, cTrader, DXTrade, TradeLocker |
| General Industry Risks | All Firms | Simulated trading environmentNo guaranteed long-term fundingStrict rule enforcementDifferent from broker regulation |
| FundedNext – Risks | FundedNext | UAE jurisdictionTight daily drawdown limits |
| The5ers – Risks | The5ers | Daily pause can close tradesComplex program structure |
| Alpha Capital – Risks | Alpha Capital | Tier-3 (Seychelles) regulationBi-weekly payoutsStrict position sizing |
| RebelsFunding – Risks | RebelsFunding | Shorter operating historyProprietary platform dependencyLimited rule transparency |
Overall Winner – FundedNext
FundedNext stands out for traders prioritizing speed, high profit splits, and payout reliability. Its 24-hour payout guarantee and industry-leading 95% profit share make it particularly attractive for active, performance-driven traders.
Best Value – The5ers
With the highest scaling potential, long operational history, and strong educational support, The5ers offers exceptional value for traders aiming to build a long-term prop trading career.
Best for Beginners – RebelsFunding
RebelsFunding’s no-time-limit structure and progressive program tiers provide an ideal environment for newer traders to learn and develop without deadline pressure.
Best for Professional Traders – Alpha Capital
Alpha Capital appeals to professionals seeking structured rules, platform flexibility, and UK-based corporate credibility, despite its more conservative payout structure.
Also, you may read 10 Best Futures Prop Trading Firms
Conclusion
Each firm serves a distinct trader profile. FundedNext excels in speed and profit sharing, The5ers leads in scalability and education, Alpha Capital offers regulatory structure and platform choice, and RebelsFunding innovates with flexibility and time freedom.
Choosing the right prop firm ultimately depends on aligning your trading style, risk tolerance, and growth objectives with the firm’s rules and incentives. Always review official documentation and current terms before committing capital.
What happens if I fail a challenge?
FundedNext: You can purchase a new challenge or retry. Some add-ons offer reset options.
The5ers: You can purchase a new challenge. The firm emphasizes learning from failures as part of trader development.
Alpha Capital: You can repurchase evaluations. They focus on identifying talented traders through their structured process.
RebelsFunding: You can restart with a new challenge. The no-time-limit structure reduces pressure and failure rates.
Can I hold trades over the weekend?
FundedNext: Yes, but traders should be aware of spread widening during weekends.
The5ers: Yes, though it’s recommended to be cautious due to spread widening on less liquid pairs.
Alpha Capital: Allowed subject to their standard trading rules.
RebelsFunding: Yes, but recommended to trade cautiously due to potential spread widening, especially on cross pairs.
Can I trade news events?
FundedNext: Yes, news trading is explicitly permitted.
The5ers: Not specifically restricted in their main program rules.
Alpha Capital: Allowed but subject to their trading rules and position sizing limits.
RebelsFunding: Flexible trading strategies permitted with no specific news trading restrictions mentioned.
