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Axi Select
92/100
Red Flags: Official Axi pages conflict on the maximum profit share, with the main funded-program page saying up to 80% while multiple blog pages still say up to 90%.; Month-end payout rule requires the Allocation Account to be above original funding and to have no open positions.; Axi can terminate participation immediately at its discretion and may also terminate without notice.
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FTMO
88/100
Red Flags: FTMO trader-facing accounts are simulated demo accounts — not live broker allocations.; The 1-Step product carries a 50% Best Day Rule that can materially shape funded payout behavior.; Standard funded accounts restrict selected news trading (±2 min blackout) and weekend holding after evaluation.
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QT Funded
79/100
Red Flags: Profit cap 5% per 14-day cycle on QT 2 Step — high earners cannot access full profits on schedule; QT Capital salary/daily payout program is COMING SOON — not yet operational (no scaling currently available); Contracts with Quant Tekel SVG (St. Vincent & the Grenadines offshore entity) — FSCA-regulated entity is a separate broker not covering funded accounts
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FXIFY
79/100
Red Flags: Dual company structure: FXIFY Markets LTD (Labuan, Malaysia) handles trading; FXIFY Solutions Limited (UK) is payment agent only — all contracts governed by Labuan jurisdiction; Labuan Money Broker license (MB/22/0097) provides minimal regulatory oversight — not equivalent to FCA, ASIC, or other major financial authority regulation; Very extensive restricted country list: US, Russia, Belarus, Algeria, Kenya, Ghana, Vietnam, and 30+ additional jurisdictions — among the widest restrictions in the industry
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Alpha Capital Group
76/100
Red Flags: All accounts are simulated/demo — no real funds are traded at any stage of the program; ACG Markets (their execution provider) is Alpha Capital's own subsidiary company, not an independent broker or external LP; Weekend trading banned on ALL Alpha Pro funded accounts (all three variants: 6%, 8%, 10%)
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Hantec Trader
76/100
Red Flags: Base reward split is only 75% on Express Challenge — reaching 90% requires purchasing a paid add-on; Funded account offer is subject to company sole discretion even after successfully passing the evaluation challenge; Simulated trade data is shared with affiliates for real market execution without trader compensation or opt-out rights (T&C §12)
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Blueberry Funded
74/100
Red Flags: US and Australian traders are fully restricted — no access to evaluation or funding; All trading is on virtual/simulated accounts — 'broker-backed' refers to corporate ownership, not live A-Book execution; News trading restricted on all plans (2-minute window before and after high-impact events)
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ThinkCapital
74/100
Red Flags: Copy trading banned firm-wide — immediate account termination on detection.; Reverse trading banned firm-wide — immediate account termination on detection.; Discretionary reckless-trading enforcement: ThinkCapital can breach accounts without warning if strategy changes are deemed 'drastic' — no objective threshold, no appeal allowed.
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The5ers
63/100
Red Flags: The trader-facing product is fully simulated and unregulated rather than a broker-backed live allocation model.; Funding remains discretionary even after evaluation and KYC are completed.; A requested verification interview can cancel payouts and terminate accounts if not scheduled within 5 business days.
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Sway Funded
61/100
Red Flags: Proprietary platform ONLY (Liquid Charts / Liquid Charts Pro via Liquid Brokers) — no MT4, MT5, DXTrade, or TradingView supported; Saint Lucia incorporation only (SWAY FUNDED LTD, Reg. 2024-00342) — no meaningful regulatory oversight; Very new firm — founded February 2024 with less than 2 years of operating history