ForexCake — verified broker & prop-firm comparisons

Live deal monitor

Bonuses & offers worth grabbing now

Live or expired is decided server-side against each offer's verified expiry — the countdown just renders that date. Expired codes get pulled and disabled automatically.

All 17 offers →

LIVE

InstaForex

Broker · deposit

30% on every deposit (up to 40% w/ Club Bonus)

30% credited on each deposit, first-time participants only, stacks up to 40% with the separate Club Bonus tier. Bonus becomes withdrawable after X×3 InstaForex lots traded; profit itself is unrestricted once that's met. No stated minimum or maximum deposit, no stated expiry — appears to be a standing offer.

Auto-applied — no code needed

No expiry on fileClaim →

Affiliate link — we may earn a commission. Never affects our scoring.

LIVE

ThinkMarkets

Broker · cashback

Trade-volume loyalty points, redeemable as cash from 250 pts

Every point earned on trading volume equals $0.10; redeemable straight to cash once you hold 250+ points, via ThinkPortal. Five tiers (Classic/Silver/Gold/Platinum/Diamond) by cumulative points. Live ThinkTrader accounts are auto-enrolled. No stated expiry.

Auto-applied — no code needed

No expiry on fileClaim →

Affiliate link — we may earn a commission. Never affects our scoring.

LIVE

ThinkMarkets

Broker · cashback

$15 for you, $15 for your friend

Both sides get $15 once your referred friend opens a live account, deposits $50+, and both of you place trades of at least $200k notional value (friend: within 30 days). Capped at 20 referrals per 30 days. No stated expiry.

Auto-applied — no code needed

No expiry on fileClaim →

Affiliate link — we may earn a commission. Never affects our scoring.

Prop firm explorer

Ranked by what fails traders — not by who pays us

Two scores, on purpose: how good the firm is, and how confident we are in the data.

All 4 prop firms →

FTMOThe most-reviewed and, by most third-party trust rankings, the benchmark name in CFD proprietary trading challenges — Prague-based, running since 2015, with a 4.8/5 Trustpilot score across 50,989 reviews (92% five-star) and $650M+ reported paid to traders since inception. Runs a 2-Step Challenge (static drawdown, fee refunded on first payout) alongside a newer, faster 1-Step Challenge launched Feb 2026 (trailing drawdown, a 'Best Day Rule', and — easy to miss — a non-refundable entry fee). In August 2025 partnered with, and per secondary reporting completed acquiring in December 2025, the US-regulated broker OANDA — giving the FTMO group an actual regulated-brokerage arm behind its evaluation-challenge business, a scale/legitimacy signal neither of the other two prop firms on this site can claim.

Provider score

76

Data conf.

Medium

Scaling

Profit split80–90%

Max drawdown10%

DifficultyMEDIUM

Open challenge

◆ Rules verified Sep 2026 · affiliate partner (labelled)

The5ersIsrael-founded (2016) CFD proprietary trading challenge firm — also styled 'The5%ers' — one of the longer-running firms in the category, with a 4.7/5 Trustpilot score across 36,634 reviews (90% five-star) and a 96% reply rate to negative reviews. Runs four CFD evaluation programs (Bootcamp, High Stakes, Hyper Growth, Pro Growth) all sharing a genuinely trader-friendly trait — static, not trailing, drawdown across every program — plus a separate futures arm. Real caveats: a February 2024 suspension of new US CFD traders with no confirmed lift found, a High Stakes evaluation-fee refund that is 70% (not the commonly assumed 100%), and a documented pattern of large-payout account-termination disputes citing vague 'account integrity' language.

Provider score

69

Data conf.

Medium

Scaling

Profit split80–100%

Max drawdown10%

DifficultyMEDIUM

Open challenge

◆ Rules verified Sep 2026 · affiliate partner (labelled)

FundedNextOne of the largest CFD proprietary trading challenge firms by review volume and stated payouts (4.5/5 on Trustpilot from 77,610 reviews; $300M+ in claimed cumulative trader payouts). Sells four materially different CFD challenge models — Stellar 2-Step, Stellar 1-Step, Stellar Lite and instant-funded Stellar Instant — plus a newer Flex Challenge and a separate futures program. Cheap entry fees (from $59.99, refunded on first payout) and broad strategy tolerance (EAs, news trading, weekend holding) are real strengths; a documented review-manipulation finding traced to the firm's own staff and a notable irony — it restricts access from Bangladesh, its founder's home country — are real caveats.

Provider score

66

Data conf.

Medium

News OKCopy tradingScaling

Profit split80–95%

Max drawdown10%

DifficultyMEDIUM

Open challenge

◆ Rules verified Sep 2026 · affiliate partner (labelled)

Broker comparison

Same day, same tier, real spreads

Spreads sampled on one day at one account tier — so the comparison actually means something.

All 9 brokers →

XMLong-running MetaTrader broker with a $5 entry point and a heavy research output

Provider score

81

Data conf.

Medium

MT4MT5TradingView

EUR/USD spread1.6 pips

Commission$0

Min deposit$5

Open account

◆ Fields verified Aug 2026 · affiliate partner (labelled)

Moneta MarketsBroad instrument range and a rare withdrawable cashback bonus, on a short track record

Provider score

74

Data conf.

Medium

MT4MT5AppTrader

EUR/USD spread1.2 pips

Commission$0

Min deposit$50

Details

◆ Fields verified Aug 2026

ExnessNo deposit bonuses, a 4.7-star Trustpilot record — and up to six overlapping legal entities to figure out which protections actually apply to you.

Provider score

68

Data conf.

Medium

MT4MT5Exness Terminal

EUR/USD spread1 pips

Commission$0

Min deposit$10

Open account

◆ Fields verified Sep 2026 · affiliate partner (labelled)

Trader tools

Run the numbers before you risk a cent

Calculators that actually compute, and a matcher that reads the verified dataset. No signup.

Open all tools →

Position sizeHow many lots?

Balance, risk % and stop distance into a lot size.

Open →Pip valueWhat is a pip worth?

What one pip is worth at your lot size, per pair.

Open →Prop challengeCan I pass it?

Winning trades needed for the target, and the losses that bust you.

Open →Profit splitWhat do I keep?

What a funded month actually pays after the firm takes its cut.

Open →MatcherWho fits me?

Your requirements read against the verified fields.

Open →

Full screener

Every tracked broker & prop firm, one table

Search, filter and sort the dataset. Star anything to build a watchlist as you go.

13 shown

Name ↕	Type ↕	Regulation ↕	Min deposit / fee ↕	Spread / split ↕	Score ↓
XM	Broker	FSCA · DFSA · FSC Belize · ASIC · CySEC	$5	1.6 pips	81
FTMO	Prop firm	Prop firm entity	$155 fee	80–90%	76
Moneta Markets	Broker	FSCA · FSA Seychelles · ASIC · FCA	$50	1.2 pips	74
The5ers	Prop firm	Prop firm entity	$39 fee	80–100%	69
Exness	Broker	CBCS · FSC BVI · FSCA · CySEC · FCA · FSA Seychelles	$10	1 pips	68
FundedNext	Prop firm	Prop firm entity	$59.99 fee	80–95%	66
ThinkMarkets	Broker	FSCA · CySEC · FSA Seychelles · ASIC · FCA	$50	0.4 pips	65
FXGT	Broker	FSCA · VFSC · FSA Seychelles · CySEC	$5	1 pips	61
RoboForex	Broker	BaFin · CySEC · FSC Belize	$10	1.3 pips	59
Tickmill	Broker	Labuan FSA · FSCA · CySEC · FCA · FSA Seychelles	$100	1.6 pips	58
FundingTraders	Prop firm	Prop firm entity	$100 fee	80–100%	56
PU Prime	Broker	CMA UAE · FSCA · FSC Mauritius · ASIC · FSA Seychelles	$20	1.3 pips	52
InstaForex ⚑	Broker	CySEC · FSC BVI	$1	Undisclosed	38

13 of 13Full fields & sourcing live in each provider's CMS record

Educational content

Learn the terms before they cost you

Guides and analysis written against the same verified dataset — with an author, a date and a fact-check date on every piece.

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Verification log

What changed, and when

Every payout confirmation, rule change and red flag — timestamped, so nothing gets quietly rewritten.

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What alerts cover

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