Prop Firm Statistics 2026: Pass Rates, Payouts & Trends

Prop firm statistics are useful only when the reporting period and the group being measured are clear. A percentage of evaluations passed is not the same as the percentage of people who passed at least once. Cumulative payouts are not annual revenue, and a retail evaluation program is not the same business as an institutional trading employer.

This refresh uses the firms' own published figures available in October 2026. Where a firm has not published a current pass rate, this article leaves that figure out rather than assigning an industry estimate to it. The latest full-year disclosures may describe 2025 even though they were published or checked in 2026.

Retail providers such as Apex, Topstep and Earn2Trade offer account programs with their own evaluation and payout rules. Institutional firms such as Jane Street, Optiver, IMC, Flow Traders and DRW hire staff and operate trading businesses. Compare each model on the terms relevant to you rather than treating all ten firms as interchangeable funded-account providers.

Current published figures at a glance

These are company-reported measures from different business models and periods. They do not establish a cross-firm ranking of a trader's chance of success. A missing rate means no comparable current figure was verified on the firm's reviewed pages, not that the rate is zero.

What changed in 2026

• Apex's dashboard: The current cumulative compensation total is above $828 million, with its period identified rather than presented as annual payouts.
• Take Profit Trader: An official announcement dated August 17, 2026 reduced the minimum for new test accounts to three trading days; existing or reset older tests retained five days.
• Optiver: Its March 31, 2026 release reported full-year 2025 results, including €4.556 billion in net trading income.
• IMC: Its March 25, 2026 annual-report announcement reported $3.120 billion in 2025 net trading revenue.
• Flow Traders: Its second-quarter release provides first-half 2026 figures, including €303.7 million net trading income, rather than relying on older annual estimates.

The dates here describe announcements and reporting periods, not a claim that complete full-year 2026 statistics are already available.

1. Apex Trader Funding

Apex's current payout dashboard, checked in October 2026, reports more than $828 million in cumulative compensation since 2022. It also reports more than $83 million over the preceding 90 days and average monthly compensation above $28.6 million since April 2024. These are different windows, so they should not be combined into one annual total.

The dashboard does not establish a current evaluation pass percentage or prove that an individual trader is likely to receive a payout. Older first-attempt, reset and user-reported pass-rate claims without a verified current source have been removed. Large individual payout anecdotes are also not a substitute for a disclosed population statistic.

Use the Apex firm overview and Apex payout rules to examine the specific account program. Current and legacy account types can have different requirements; a cumulative payout figure does not identify which rules apply to an account purchased today.

2. Topstep

Topstep's 2025 risk disclosure says 16.8% of Trading Combines initiated were completed successfully, while 51.8% of individual participants advanced at least once. The first denominator is evaluation attempts; the second is people. Repeat attempts explain why those measures should not be treated as contradictory or compared without their definitions.

The same disclosure says 33.3% of individuals at the Funded Level received a payout and 0.71% of individuals in Express Funded Accounts were called to a Live Funded Account. These describe separate stages, not a single overall pass-to-payout probability. They are 2025 figures, checked in October 2026, rather than invented full-year 2026 results.

Read the Topstep overview for the current account model. An evaluation pass and a move to a live account are different milestones.

3. Earn2Trade

Earn2Trade's current site disclosure reports that 8.89% of new evaluation subscriptions passed in 2025. This is a subscription-based denominator, so it should not be presented as the percentage of unique applicants who succeeded.

Among participants who passed or progressed, its disclosed funding mix was 5.23% Live and 94.77% LiveSim. It separately reports withdrawals from 18.04% of Live accounts and 18.20% of LiveSim accounts. Keep account withdrawals, funding type and evaluation completion as distinct measures.

Those figures were checked in October 2026 and still describe 2025. They do not provide a basis for assigning a generic pass rate or payout percentage to every Earn2Trade account program. Compare the program terms and the population described by each disclosure.

4. Bulenox

No comparable current evaluation pass percentage or population-wide payout percentage was verified on the Bulenox pages reviewed for this update. The old article's unsourced industry-average pass estimate is therefore not presented as a Bulenox statistic. Absence of a published figure does not establish poor or strong performance.

Bulenox's FAQ permits bots, algorithms and trade copiers and identifies an additional monthly charge for third-party Rithmic API or composite-software connections. That is a cost and connection rule, not evidence about the likelihood of passing. Review the Bulenox program overview and the exact account terms when calculating your own costs.

5. Take Profit Trader

Take Profit Trader's official August 17, 2026 announcement reduced the minimum for new test accounts to three trading days. Existing or reset tests purchased under the older arrangement retained five days. The announcement says the 50% consistency rule remained unchanged and separates this evaluation change from PRO and PRO+ payout policies.

The shorter minimum is a rule change, not proof that more traders pass or receive payouts. An older pass percentage without a verified current official source has been removed. Read the Take Profit Trader overview and current account rules before applying one program's minimum to another.

6. Jane Street

Jane Street's company overview describes a global liquidity provider and trading firm using quantitative analysis and technology. It states that it trades on more than 200 electronic exchanges and other venues and builds much of its software internally, including trading and risk systems using OCaml.

Those business facts do not provide an evaluation pass rate, retail payout split or guaranteed personal trading allocation. Jane Street is an institutional employer, so hiring requirements and the role offered are the relevant terms. Unsupported salary averages, acceptance percentages and bonus figures from the older article have been removed rather than presented as current company disclosures.

7. Optiver

Optiver's 2025 financial results, released on March 31, 2026, report €4.556 billion in net trading income, €1.769 billion in net profit attributable to equity holders and €5.490 billion in equity. These are corporate financial measures for 2025.

They are not a trader profit split, a funded-account payout total or the capital available to a new employee. Institutional financial results help describe the business, but career decisions still require the actual role, compensation terms and location. Older revenue and hiring assumptions without current company support have been removed.

8. IMC Trading

IMC's 2025 annual-report announcement, published March 25, 2026, reports $3.120 billion in net trading revenue and $2.581 billion in equity. It describes ten offices across four continents. The reporting year remains 2025 even though the announcement was published in 2026.

Net trading revenue and equity are different accounting measures. Neither is a disclosed average employee payout or a retail evaluation success rate. Unverified competition participation, compensation and acceptance figures from older sources are not used as substitutes for the company's current report.

9. Flow Traders

Flow Traders' second-quarter 2026 results report first-half net trading income of €303.7 million and total income of €305.1 million. Trading capital stood at €1.150 billion at the end of the second quarter. The income measures cover a half-year, while trading capital is a point-in-time balance.

Do not compare that half-year income directly with another firm's full-year revenue without identifying the period and accounting definition. The article no longer treats old estimated market shares or salary bands as current company-reported facts. Institutional trading results and a customer's funded-account outcomes remain different measures.

10. DRW

DRW's company description says it trades for its own account and combines modeling, technology and quantitative research. It describes activity across exchanges on five continents and a range of products and asset classes.

Those statements identify an institutional trading business, not a retail challenge program. No current official pass rate or standardized profit-sharing percentage comparable with a retail funded account was verified for this refresh. Older claims about typical salaries, working hours, selection rates and allocations have been removed where the company's own pages did not support them.

How to read a prop firm statistic

Start with the denominator. Ask whether a figure counts people, subscriptions, accounts, evaluation attempts or funded participants. One person can have several subscriptions or accounts, so those counts cannot be substituted for one another.

Then identify the period. A cumulative payout total since launch, a rolling 90-day figure and a calendar-year total answer different questions. A report released in 2026 can correctly contain 2025 results, and the latest interim report may cover only part of 2026.

Finally, check what happened at each stage. Passing an evaluation, receiving a simulated funded account, receiving a payout and moving to live capital are distinct outcomes. A percentage at one stage does not disclose every transition needed to estimate an overall probability.

These checks are also useful when comparing Topstep, Apex and Bulenox. Do not use a figure with a known denominator for one firm and an unverified marketing estimate for another as though both were measured identically.

Retail and institutional firms: different decisions

A retail evaluation is a purchase governed by an account program's rules. Compare evaluation charges, resets, funded activation costs, permitted strategies and withdrawal conditions for the program you intend to use. Do not replace that calculation with an unsupported average evaluation cost across the industry.

An institutional job is an employment decision. Review the role, interview process, location and compensation terms directly with the employer. Corporate revenue does not establish what an employee will earn, how much capital they will manage or their probability of being hired.

For retail accounts, examine trailing drawdown and trading risk management before choosing a contract quantity. The advertised account balance is not the amount you may lose. Copier capacity is also separate from a firm's permission to copy or run automation.

Conclusion

The available official disclosures show different populations and reporting windows. Topstep and Earn2Trade publish evaluation outcome measures with defined denominators. Apex publishes a cumulative compensation dashboard. Optiver, IMC and Flow Traders publish corporate financial results that describe institutional businesses.

Use those figures for the questions they answer and leave missing figures missing. A decision about a futures prop firm should still follow the current account agreement, the complete costs and the limits of the specific program rather than a borrowed industry pass-rate estimate.

FAQs

What should I look for when choosing a proprietary trading firm?

Identify the account model, then compare the complete evaluation and funded-account costs, loss limits, contract limits and payout conditions for the specific program. Check the firm's own rules and the denominator behind any claimed success rate; an advertised account balance or cumulative payout total does not tell you your personal chance of passing.

What are the differences in payout structures between retail and institutional prop firms?

Retail funded-account programs pay eligible traders under the specific program's split, withdrawal thresholds and other account conditions. Institutional firms hire employees under role-specific compensation arrangements; corporate revenue and equity are not published employee profit splits. Compare the account agreement or employment offer rather than assuming every firm uses the same payout model.

What are the major trends shaping the prop trading industry in 2026?

The verified changes include Take Profit Trader's shorter minimum for new tests and newer official compensation and financial reporting from the firms covered here. Current releases can still describe 2025 or only the first half of 2026, so the period needs to remain visible. No complete industry-wide 2026 pass rate or closure total was verified for this update.