Where they differ
- Cheapest challenge
- Bitfunded$39 ($5K 1-Step Express)
- Propr$25 ($5K Turbo 1-Step)
- Maximum loss
- Bitfunded3% to 10% static
- Propr3% to 8% static or trailing
- Profit split
- Bitfunded60% to 80%
- Propr80%
- Bitcoin leverage
- Bitfunded5x
- Propr10x
- Account sizes
- Bitfunded$2.5K to $150K
- Propr$5K to $200K
- Sizes only this firm sells
- Bitfunded$2.5K, $15K, $150K
- Propr$200K
- Steps
- BitfundedInstant, 1-step and 2-step
- Propr1-step and 2-step
- Some trades on-chain
- BitfundedNo
- ProprYes
- Country
- BitfundedUnited Arab Emirates
- ProprBritish Virgin Islands
- Founded
- Bitfunded2023
- ProprFebruary 2026
Every rule, side by side
| Rule | Bitfunded | Propr |
|---|---|---|
| The firm | ||
| Country | United Arab Emirates | British Virgin Islands |
| Founded | 2023 | February 2026 |
| Years in operation | 2 | Under 1 |
| Platforms | Bitfunded web platform, Bitfunded mobile app | Propr Trading Terminal, Propr API |
| Trades on | own simulated platform (web and mobile app) | Hyperliquid when Propr routes a trade (A-book); otherwise booked internally (B-book) |
| Markets | Crypto (100+ cryptocurrencies), plus 20+ TradFi pairs | Crypto, stock, index, commodity and FX |
| Some trades on-chain | No | Yes |
| Rules | ||
| Model | 2-Step, 1-Step or 1-Step Express evaluation; Instant Funding | 1-step evaluation (Classic, Turbo, Pro) or 2-step evaluation (Classic) |
| Account sizes | $2.5K, $5K, $10K, $15K, $25K, $50K, $100K, $150K | $5K, $10K, $25K, $50K, $100K, $200K |
| Profit target | 8% then 5% (2-Step); 10% (1-Step); 9% (1-Step Express); none on Instant Funding | 1-step: 10% (Classic) / 9% (Turbo) / 12% (Pro); 2-step: 5% step 1 / 10% step 2 |
| Daily loss limit | 5% (2-Step) / 4% (1-Step) / 3% (1-Step Express) / 4% (Instant Funding), a fixed percentage of the starting balance | 3% (1-step) / 5% (2-step) of start-of-day balance, reset 00:00 UTC |
| Maximum drawdown | 10% then 8% (2-Step); 6% (1-Step); 3% (1-Step Express); 6% (Instant Funding); static, a fixed percentage of the starting balance | 1-step: 6% (Classic) / 3% (Turbo) / 5% (Pro), static; 2-step: 8% trailing from high-water mark, never above starting balance |
| Max leverage | 1:5; a 20x upgrade sold on limited batches, 1,000 accounts from October 7, 2026 (sold out) and 500 more from October 10, on 1-Step, 2-Step and Express accounts of $5,000 to $150,000, from $47 | 10x on BTC, ETH and SOL, 2x on other crypto, 4x on stocks, 10x on the S&P 500 and Nasdaq 100, 5x on other indices, 8x on gold, silver and oil, 5x on other commodities, 25x on FX, per its rulebook table, plan cards and asset list; a rules-page graphic and a homepage line still show 5x for BTC and ETH, and that homepage line puts equity perps at up to 10x |
| Profit split | 80% (60% on Instant Funding) | 80% |
| Payouts | On a Profit Sharing Day set 2 to 60 days out (30 by default); up to 2 payouts per 30 days per challenge, 5 across challenges, one a month after 10 payouts; Instant Funding one a month, 5% profit needed from the second; paid in USDT (TRC20, ERC20, BEP20), processed within 24 hours on working days | On demand, no waiting period; $20 minimum; processed within 24 hours in USDC on-chain |
| Starting price | from $39 for a $5,000 account (1-Step Express, per its user guide); 2-Step from $79 | from $25 for a $5,000 account (Turbo 1-Step) |
| Minimum days | None per its FAQ and user guide (its terms list 5 per stage) | None |
| Consistency rule | None, except Instant Funding: no pair may make 60% or more of net profit in a payout period | None |
| US traders | Yes (its blog says it accepts US traders) | Yes (not on its restricted list) |
| Fee refund | With the third payout on 2-Step, not promo accounts (FAQ, guide); its terms say the first | No |
| News trading | Allowed | Allowed |
| Weekend holding | Allowed | Allowed |
| Current offer | None now | None now |
| Rules checked | October 26, 2026 | November 2, 2026 |
Bitfunded: source 1source 2source 3source 4source 5Propr: source 1source 2
Prices at each account size
| Account | Bitfunded | Propr |
|---|---|---|
| Sizes both sell | ||
| $5K | $391-Step Express4 challenges at this size | $25Turbo 1-Step4 challenges at this size |
| $10K | $491-Step Express4 challenges at this size | $50Turbo 1-Step4 challenges at this size |
| $25K | $1241-Step Express3 challenges at this size | $125Turbo 1-Step4 challenges at this size |
| $50K | $1991-Step Express3 challenges at this size | $245Turbo 1-Step4 challenges at this size |
| $100K | $3991-Step Express3 challenges at this size | $450Turbo 1-Step4 challenges at this size |
| Sizes only one sells | ||
| $2.5K | $129Instant Funding | Not sold |
| $15K | $741-Step Express3 challenges at this size | Not sold |
| $150K | $5491-Step Express3 challenges at this size | Not sold |
| $200K | Not sold | $899Turbo 1-Step4 challenges at this size |
Every Bitfunded challengeEvery Propr challengeEvery firm's challenges
Current offers
What each daily limit means on Bitcoin
How far Bitcoin has to move against a position at each firm's full leverage to use up the daily loss limit, and how often it has in the last 30 days.
| Firm and program | Bitcoin cap | Daily limit | Move that uses it up | Days Bitcoin moved that far |
|---|---|---|---|---|
| Bitfunded · 1-Step Express | 5x | 3% | 0.6% | 27 of 30 |
| Bitfunded · 1-Step | 5x | 4% | 0.8% | 24 of 30 |
| Propr · 1-step | 10x | 3% | 0.3% | 30 of 30 |
| Propr · 2-step | 10x | 5% | 0.5% | 29 of 30 |
Recent rule changes
Daily loss
Changed the daily loss limit on Instant Funding ($2,500, $5,000, $10,000) from 3% to 4%.
Daily loss
Changed its daily loss limit from "3% (Instant Funding)" to "4% (Instant Funding)".
Leverage
Launched 20x leverage accounts on 1-Step, 2-Step and Express, up from 5x, limited to 1,000 accounts; 500 more followed on October 10 after the first batch sold out.
Markets
Listed an Anthropic pre-IPO market.
Other
Widened its hedging ban to opposing positions on correlated assets across Propr accounts (long ETH on one, short SOL on another) and to opposing positions at other prop firms.
Account sizes
Capped the evaluation accounts one trader may hold at $200,000 in total, beside the $300,000 cap on funded accounts.
Kyc
Stopped accepting a driver's license for identity checks; a passport or national ID is now required.
Leverage
Raised Bitcoin and Ether from 5x to 10x, gave SOL its own 10x cap (it had been under other crypto at 2x), and raised gold, silver and oil to 8x.
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