# Prop Firm Exam — The Complete 2026 Guide > The single guide to read before you take the exam — every firm's rules in one table, a 6-step pass plan, the 7 reasons people fail, 10-15% off every firm, and 11 of 15 partners refund the fee 100% on first payout. Written by an IC-licensed prop trader with 12 years in markets. *Canonical URL: https://tradingedges.org/ar/prop-firm-exam* *Updated: 2026-05-21 · Reviewed by TradingEdge (IC-licensed)* --- ## Live prop firm promos (May 2026) The prices shown are the actual amount you pay after the code applies — no hidden fees, reusable on every challenge, and 11 of 15 partners refund the fee 100% on first payout. | Firm | Off | Code | $100k example | Link | | --- | --- | --- | --- | --- | | Funded Trader Markets | 60% | `MAY` | $622 → $249 | [/prop-firms/fundedtradermarkets](https://tradingedges.org/ar/prop-firms/fundedtradermarkets) | | Goat Funded Trader | 50% | `HBGFT` / `FIRSTGFT` | $526 → $263 | [/prop-firms/goat-funded-trader](https://tradingedges.org/ar/prop-firms/goat-funded-trader) | | FXIFY | 40% (new) / 33% (all) | `NEW40` / `FXIFY3` | $548 → $329 | [/prop-firms/fxify](https://tradingedges.org/ar/prop-firms/fxify) | | Maven Trading | 40% | `OMO` | $733 → ~$440 | [/prop-firms/maven-trading](https://tradingedges.org/ar/prop-firms/maven-trading) | | Instant Funding | 42% (new) / 27% (multi-use) | `BFNEW` / `FLOW` | $449 → $260 | [/prop-firms/instant-funding-com](https://tradingedges.org/ar/prop-firms/instant-funding-com) | | FunderPro | 25% | (public promo) | $539 → ~$404 | [/prop-firms/funder-pro](https://tradingedges.org/ar/prop-firms/funder-pro) | | Wemastertrade | 12% | `WHALE` | $320 → ~$282 | [/prop-firms/wemastertrade](https://tradingedges.org/ar/prop-firms/wemastertrade) | | Alpha Capital | 12% | `XBLY3` | partner code | [/prop-firms/alpha-capital](https://tradingedges.org/ar/prop-firms/alpha-capital) | | FundingPips | 10% | `B0A826FC` | partner code | [/prop-firms/fundingpips](https://tradingedges.org/ar/prop-firms/fundingpips) | | The 5ers | 10% | `8BB03N` | partner code | [/prop-firms/the-5ers](https://tradingedges.org/ar/prop-firms/the-5ers) | *All numbers above verified from public firm sites in May 2026. Public codes may expire or rotate — check latest at [/prop-firm-discounts](/prop-firm-discounts).* ## TL;DR (30-second read) 1. A Prop Firm Exam is a 1-3 phase evaluation. Pass it and you get a Funded $5k-$400k account, keeping 80-95% of profits. 2. Five rules that matter: Profit Target, Daily Drawdown, Total Drawdown (trailing/static), Min Trading Days, Consistency Rule. 3. Fees run $50-$1,000. TradingEdge negotiates 10-15% off every firm. 11 of 15 partners refund the fee 100% on first payout. 4. Industry-wide pass rate is 8-15%. Traders who pass don't rush — small risk, few trades, pass when the system says. ## 6-Step Pass Plan — pass on the first attempt ### 1. Have an edge first — never take the exam on confidence alone System must clear 100+ backtested trades AND 30+ days of small-live ($500-$2,000 of your own money). Win rate ≥ 45%, R:R ≥ 1.5. No backtest = don't take the exam. ### 2. Start one tier smaller than the funded size you want Want $100k funded? Start with $25k or $50k. Lower pressure, lower fee, scaling plan pushes $25k → $200k+ in 6-12 months. ### 3. Apply the TradingEdge discount + open via the link Every firm has a 10-15% discount we negotiate. 11 of 15 firms refund the fee 100% on first payout. ### 4. Set a personal Daily Stop at HALF the firm rule Firm has 5% Daily DD? Yours is 2.5%. Hit it → close the laptop. The single rule that separates funded traders from blown accounts. ### 5. Risk 0.5-0.75% per trade — never move it On a $200k account, 1% feels "big" so people cut back. Lock the % and forget the dollar number. ### 6. Trade at least the min-trading-days Firm needs 4-10 trading days. Hitting profit target on day 3 still fails. Trade tiny size on remaining days. Spread profit across 5+ days for Consistency. ## Every featured firm's exam rules in one table | Firm | Phases | Daily DD | Total DD (type) | Min days | Consistency | News | EA | Weekend | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [E8 Markets](https://tradingedges.org/ar/prop-firms/e8-funding) | 2-step | 5% | 8% (static) | 3 | ไม่มี (สำหรับ E8 Account หลัก) | | | | | [FTMO](https://tradingedges.org/ar/prop-firms/ftmo) | 2-step | 5% | 10% (static) | 4 | ไม่มี (Standard) — Swing Account: 50% … | | | | | [The Funded Trader](https://tradingedges.org/ar/prop-firms/the-funded-trader) | 2-step | 5% | 12% (trailing) | 5 | Royal: 25% Best Day Rule / Standard: ไ… | | | | | [My Funded Futures](https://tradingedges.org/ar/prop-firms/myforexfunds) | eval | 4% | 8% (trailing) | 7 | 40% Best Day Rule (Expert) | | | | | [Apex Trader Funding](https://tradingedges.org/ar/prop-firms/apex-trader) | eval | ไม่มี | Trailing $2,500 (trailing) | 7 | 50% Best Day Rule (จะปลดล็อก 100% Payo… | | | | ## Pass rate — easiest firms to pass Industry-wide pass rate is 8-15%. The numbers below combine community-tracked data with what each firm publicly discloses. 1. **[The Funded Trader](https://tradingedges.org/ar/prop-firms/the-funded-trader)** — 18% pass rate · Forex · 2-step · DD 5%/12% · profit split 90 / 10 2. **[E8 Markets](https://tradingedges.org/ar/prop-firms/e8-funding)** — 16% pass rate · Forex · 2-step · DD 5%/8% · profit split 80/20 → 100% scaling 3. **[FTMO](https://tradingedges.org/ar/prop-firms/ftmo)** — 13% pass rate · Forex · 2-step · DD 5%/10% · profit split 90 / 10 4. **[My Funded Futures](https://tradingedges.org/ar/prop-firms/myforexfunds)** — 11% pass rate · Futures · eval · DD 4%/8% · profit split 85 / 15 → 90 / 10 5. **[Apex Trader Funding](https://tradingedges.org/ar/prop-firms/apex-trader)** — 9% pass rate · Futures · eval · DD ไม่มี/Trailing $2,500 · profit split 100 / 0 (8K) → 90 / 10 ## 7 reasons traders fail prop firm exams 1. **Breaching Daily Drawdown in a single day** — fix: Set a personal Daily Stop at half the firm rule 2. **Hitting the Max Drawdown ceiling** — fix: Keep real DD at 60-70% of the firm ceiling 3. **Violating the Consistency Rule** — fix: Spread profit across at least 5-7 days 4. **Not hitting min trading days** — fix: Trade tiny size on the remaining days 5. **News trading without a plan** — fix: Close or reduce size 5 minutes before high-impact news 6. **Revenge trading after a loss** — fix: "Two losses = close the laptop" — the single biggest savior 7. **Sizing by dollar amount, not the % rule** — fix: Lock the % and forget the dollar number entirely ## Pick the right firm for you - [Match Quiz — answer 5 questions → top 3 firms](https://tradingedges.org/ar/prop-firm-discounts/match) - [Cheapest firms](https://tradingedges.org/ar/prop-firm-discounts/cheapest) - [Discount calculator](https://tradingedges.org/ar/prop-firm-discounts/calculator) - [Refund tracker — who refunds the fee 100%](https://tradingedges.org/ar/prop-firm-refund-tracker) - [All Prop Firm Discount Codes](https://tradingedges.org/ar/prop-firm-discounts) ## Deep-dive answers — the most-asked exam questions - [FTMO vs FundedNext — which exam is easier](https://tradingedges.org/ar/answers/ftmo-vs-fundednext-which-exam-is-easier) — rule-by-rule comparison + recommendation by trading style - [How long does a prop firm evaluation take](https://tradingedges.org/ar/answers/how-long-does-a-prop-firm-evaluation-take) — realistic timelines by firm and phase - [I failed my prop firm challenge — what now](https://tradingedges.org/ar/answers/what-to-do-after-failing-a-prop-firm-challenge) — the 3 failure patterns + free retry vouchers most traders miss + when to retry vs go back to demo - [How to pass a prop firm challenge](https://tradingedges.org/ar/answers/how-to-pass-a-prop-firm-challenge) — the complete method - [Prop firm rules explained](https://tradingedges.org/ar/answers/prop-firm-rules-explained) — every rule that can fail you ## Before you take the exam — ask the community TradingEdge runs a 1,000+ member Discord of traders who have taken or are taking prop firm exams. Free to join with dedicated rooms for FTMO, FundingPips, The5ers: https://discord.gg/tradingedge --- *Published on TradingEdge (https://tradingedges.org). Freely citable with attribution; please link back to: https://tradingedges.org/ar/prop-firm-exam* *© 2026 TradingEdge. Trading involves risk; past performance does not guarantee future results.*