Prop firm statistics show that most evaluations fail, though pass rates vary widely by firm. Topstep's risk disclosure says 16.8% of Trading Combines started in 2025 were passed, and Earn2Trade says 8.89% of its new evaluation subscriptions passed in 2025. Payouts are rarer still: Topstep reports that 33.3% of individuals at its Funded Level received a payout in 2025.
These numbers 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 page uses the firms' own published figures, checked on 10 Oct 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 of these firms as interchangeable funded-account providers.
Current published figures at a glance
Retail evaluation firms (checked on 10 Oct 2026):
| Firm | Published figure | Reporting period and denominator |
|---|---|---|
| Topstep | 16.8% passed | Trading Combines initiated, January to December 2025 |
| Topstep | 51.8% advanced at least once | Individual participants, 2025 |
| Topstep | 33.3% received a payout | Individual participants at the Funded Level, 2025 |
| Take Profit Trader | 36.22% passed | All Trading Tests, January 1 to December 31, 2025 |
| TradeDay | 36% pass rate | Evaluation program, January to June 2026; denominator not stated |
| Earn2Trade | 8.89% passed | New evaluation subscriptions in 2025 |
| MyFundedFutures | 19.97% advanced beyond the evaluation | All evaluation participants; measurement period not stated |
| MyFundedFutures | 39.2% earned at least one payout | Participants who reached the simulated Funded Stage; period not stated |
| Apex Trader Funding | More than $828 million in compensation | Company dashboard, cumulative since 2022 |
Institutional trading firms (corporate results, not trader outcomes):
| Firm | Published figure | Reporting period |
|---|---|---|
| Optiver | €4.556 billion net trading income | Full year 2025, report published March 2026 |
| IMC | $3.120 billion net trading revenue | Full year 2025, report published March 2026 |
| Flow Traders | €303.7 million net trading income | First half of 2026 |
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.
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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. Apex does not publish a current pass rate on the pages reviewed. 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. Per-request limits also differ by firm; our list of firms with the biggest payout caps compares them.
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. Industry-average pass estimates are not Bulenox statistics. 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. Take Profit Trader's site disclaimer does publish a pass rate: "between January 1, 2025, and December 31, 2025, 36.22% of all Trading Tests were successfully passed, with traders attaining the PRO account within this timeframe." That count is per test, so a trader who resets appears more than once.
Read the Take Profit Trader overview and current account rules before applying one program's minimum to another.
6. TradeDay
TradeDay publishes a pass rate in the evaluation disclaimer on its site: "The trader pass rate of the evaluation program was 36%" for January to June 2026. It is the most recent period of any figure on this page.
TradeDay doesn't say whether that 36% counts traders or evaluations, so it can't be compared directly with Topstep's per-attempt 16.8% or Earn2Trade's per-subscription 8.89%. It also says nothing about payouts. Checked on tradeday.com on 10 Oct 2026.
7. MyFundedFutures
MyFundedFutures (MFFU) publishes program performance figures in the disclaimer on its plan pages. It says 19.97% of all evaluation participants completed the objectives and advanced beyond the evaluation, and 39.2% of participants who reached the simulated Funded Stage earned at least one payout. It also says 4.2% of participants in a Simulated Funded Account were promoted to a Live Funded Account.
MFFU counts participants, like Topstep's 51.8%, but it describes the period only as "the applicable measurement period", so the figures can't be dated. Checked on myfundedfutures.com on 10 Oct 2026.
8. 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. Jane Street's pages reviewed here do not publish average salaries, acceptance rates or bonus figures.
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9. 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.
10. 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. IMC's report does not publish acceptance rates or average pay.
11. 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. Flow Traders does not publish salary bands in these results. Institutional trading results and a customer's funded-account outcomes remain different measures.
12. 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 appears on DRW's pages. DRW's own pages reviewed here do not publish typical salaries, working hours, selection rates or allocations.
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, Earn2Trade and Take Profit Trader publish evaluation outcome measures with defined denominators. TradeDay publishes a recent pass rate without a denominator, and MyFundedFutures publishes participant figures without a period. 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. To choose a firm, see the top prop firms compared by rating.
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.
