Best Prop Firms for MT5
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- US-registered prop firm (Alpha Lab Technologies LTD, Wyoming; alphafunded.com) with simulated forex/CFD challenges
- Signature rules: a per-trade floating-loss cap (auto-close) plus mandatory profitable days (7 or 10)
- Split marketed “up to 100%” but really 90% — and faster payouts lower it (~80% / ~70%)
- Simulated Terms under “real capital / up to $4M” marketing; news/weekend/fast payouts are paid add-ons
- Distinct from the UK firm Alpha Capital Group; some payout-denial complaints on record
★★★★★
More details +Alpha Trader Firm
Alpha Trader Firm is a legitimately US-registered, transparently-disclosed simulated firm with a broad product range and modern platforms. For a trader with tight per-trade risk and frequent small profits, its rules are passable and its 90% funded split is competitive. But it is demanding and add-on-gated, and the marketing oversells it: the per-trade floating-loss cap can end an account on a single temporary drawdown, the profitable-days rule punishes patient styles, and the 100% split is really 90% (less for fast payouts).PROS:
- Legitimately US-registered with an unusually clear simulated-account disclosure
- Broad product range (1-step, 2-step, instant, pay-later) and modern platforms
- 90% default funded split is competitive
- One-time fee, no monthly subscription
- Payouts via RISE with the firm covering fees
CONS:
- Per-trade floating-loss cap auto-closes the account, even on a temporary drawdown
- Mandatory profitable days (7 or 10 per 30) penalise patient or low-frequency styles
- 100% split is really 90%, and faster payouts lower it (~80% / ~70%)
- Operations paused at time of writing — challenges halted, refunds being processed, MT5 close-only
- Simulated CFD prop firm (AT Global Markets LLC, SVG), linked to the ATFX brand, on MetaTrader 5
- Products: Legacy (2-step, 75→80% split), Pro (1-step, 50→80%), Plus+
- Signature rule: Pro drawdown and balance reset at the 3rd payout, cap removed
- Past “zero payout denials” reputation now undercut by the pause — wait for the firm to resume
★★★★★
More details +ATFunded
Important: ATFunded has paused operations at the time of writing, with challenges halted and refunds being processed. Do not buy a new challenge until it resumes. Under normal operation it was a reasonable simulated CFD firm with one standout feature, the Pro account drawdown reset after two payouts, plus an ATFX-linked brand. If it returns, that drawdown reset is the reason to look again, but wait for stable operation first.PROS:
- Pro account drawdown and balance reset at the 3rd payout makes it easier over time
- Linked to the established ATFX brand for more institutional backing
- Splits reach 80 percent from the third payout on both main lines
- Legacy line built a reputation for reliable payouts
- Clear multi-product range (Legacy 2-step, Pro 1-step, Plus+)
CONS:
- Operations currently paused: no new challenges, refunds in progress, MT5 close-only
- Unregulated and simulated demo accounts
- Pro split starts low at 50 percent before rising
- Prop business CLOSED (~Feb 2026) — accounts shut, pivoted to a CFD broker. Do not buy a challenge
- Was the rebrand of MyFundedFX — an unregulated, simulated forex/CFD evaluation firm (HK/Cyprus) on MT5/cTrader/MatchTrader/DXTrade
- Distinctive: a 15% consistency rule that delayed payouts (not breached the account) until your biggest day fell below ~20% of profit
- 80% split (90% via paid VIP); frequent trailing-drawdown-disable and consistency-gated-payout complaints
- Kept online as a caution. If you are owed money, follow the refund process and keep records
★★★★★
More details +Seacrest Funded
There is no live recommendation: Seacrest Funded prop business is closed (around Feb 2026, pivoted to a CFD broker), and even before the shutdown its payouts were gated by a consistency rule and its 1-step trailing drawdown drew frequent complaints. Do not buy a challenge. As a lesson, a large popular brand (MyFundedFX had thousands of reviews) can exit the prop business at short notice, and payout-gating rules, where you stay funded but cannot withdraw, are worth scrutinising closely.PROS:
- None as a prop firm - the division is closed
- Kept online here only as a documented notice
- Serves as a cautionary example of payout-gating consistency rules
- If you are owed money, the review explains the refund process
- A reminder that even large, popular brands can exit prop at short notice
CONS:
- Prop division closed around February 2026; pivoted to a CFD brokerage
- Refund process excluded breached, inactive and giveaway accounts
- Reports of denied or delayed final payouts during the wind-down