CFD Prop Firms

TradeFundrr (part of the T3 group) does two things better than most: it publishes a full rule table - targets, drawdown, caps, fees - before you buy, and it is honest that the product is SIMULATED rather than dressing sim capital up as real ("sim is sim, live is live"). The flat 80/20 split with no upsell, a drawdown that locks, news trading allowed, and the Express rebate are all points in its favour. Set against that: there is no published legal entity or registration number, the FAQ and Terms pages were not locatable, the "real institutional capital" marketing overstates a simulated product (real money only via discretionary graduation to T3 Global), EAs are banned, and the $29/month fee is easy to miss and never comes back.

BuoyTrade pitch is appealing to the right trader: instant funding, essentially a single drawdown rule, no minimum days or time limits, a static buffer that grows with your profits, and a $50 entry that scales to a seven-figure account with no monthly fees. Two caveats: the headline economics are best-case (real starting split 50 percent), and the firm own Terms define the trading as simulated with fictitious funds. Buy on the Terms.

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).

XL Trade markets an eye-catching package, up to $5m in funding, x500 leverage, 90 to 100 percent splits, weekly payouts and generous scaling, and it is currently operating with a high Trustpilot score. But approach it with real caution: its central claim of being a fully licensed broker with top-level security rests on an offshore Anjouan licence and is contradicted by its own Terms, which disclaim deposits and read as an educational disclaimer. Bait-and-switch withdrawal complaints, undisclosed profit caps and a review-suppression allegation add to the concern.

Falcon Funded's evaluation maths is among the friendlier ones available: low 7.5% and 6% targets against a wide 11% STATIC drawdown that never trails up, unlimited time, a daily limit that grows with your profits, a lenient 45% consistency rule that applies only for three months and cannot fail you, no monthly fee, and a challenge fee refunded after three payouts. The trade-offs: the base split is 85%, not the advertised 90% (that is a paid add-on); news trading and weekend holding are both paywalled on standard lines; payouts run only on the 14th and 28th; the company spans three jurisdictions (St. Lucia, Dubai, Georgia) with no regulator; and the Terms contradict the rules pages on both drawdown figures. The defining rule: ALL Expert Advisors are banned outright, regardless of any add-on purchased.

OANDA Prop Trader has been discontinued. Following FTMO's acquisition of OANDA, completed in December 2025, OANDA announced in March 2026 that it was transitioning its prop-trading business into FTMO, a process that concluded on 31 March 2026, with its prop pages now redirecting to ftmo.com. It was a two-step simulated forex and CFD assessment operated by OANDA Assessments Limited in Malta, run under the umbrella of OANDA, the long-established regulated broker, using OANDA's own pricing and platform. Its distinctive point was being one of very few prop products backed by a large, multi-jurisdiction regulated broker. It did not accept US traders. It is no longer available as a standalone product; the successor is FTMO. Historical terms: two-step, 8 then 5 percent targets, 5 percent daily and 10 percent max drawdown, flat 80 percent split.

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.

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.