🧮#Expected value
44 articles
FTMO vs. FundedElite: Which Should You Buy? | A 1-Year Simulation of 5 Plans Under the Same Assumptions Puts FTMO 1-Step on Top, With FundedElite's Lite Putting Up a Good Fight [September 2026]
A 1-year Monte Carlo comparison of FTMO (2-Step / 1-Step) and FundedElite (2-Step / 2-Step Lite / 1-Step), run strictly to the official rules of each. Covers expected value at 0.5%/1%/1.5% risk per trade and 50–58% win rates, plus the differences in EA rules, refunds, free retries, and coupons.
What's Alpha Capital's Expected Value? A 1-Year Simulation of Alpha One vs. Alpha Pro: Pro 10% Comes Out on Top [September 2026]
A 1-year Monte Carlo simulation of Alpha Capital Group's Alpha One (6%, 10%) and Alpha Pro 10% (On-Demand, Bi-Weekly), run exactly to the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50-58% win rates, Alpha One's trailing max loss, the consistency rule set by payout method, the lack of any fee refund, and the Max Risk Rule.
What is Blueberry Funded's expected value? Running a 1-year simulation on Prime, 1-Step, Flex 1-Step, and Instant Elite puts Instant Elite 1st with an edge — and at the biggest loss with zero edge [September 2026]
A one-year Monte Carlo simulation of Blueberry Funded's Prime 2-Step, 1-Step, Flex 1-Step, and Instant Elite, run under the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50–58% win rates, the per-trade-idea risk cap (1% on Flex 1-Step and 1-Step, 1.5% on Instant), and Instant Elite's trailing max loss.
What's BrightFunded's Expected Value? A 1-Year Simulation of 1-Step, 2-Step Bright, and 2-Step Classic Shows the Two 2-Steps Nearly Double the 1-Step [September 2026]
A 1-year Monte Carlo simulation of BrightFunded's 1-Step, 2-Step Bright, and 2-Step Classic ($100K) run strictly by the official rules. Covers how per-trade risk of 0.5%, 1%, and 1.5% and win rates of 50-58% affect annual take-home pay, and how BrightFunded's quirks — the 1-Step's trailing max loss, no refund on the challenge fee, and a 30-day wait for the first payout — play into the result.
What's the Expected Value of City Traders Imperium (CTI)? Running 1-Step and 2-Step for a Year Shows 2-Step on Top [September 2026]
A year-long Monte Carlo run of City Traders Imperium's (CTI) 1-Step Challenge and 2-Step Challenge ($100K) under the official rules. Covers annual net take-home at 0.5%, 1%, and 1.5% risk per trade with 50–58% win rates, and how 1-Step's 5% trailing drawdown, 7-day profit-day requirement, and once-a-month payouts affect expected value.
What's E8 Markets' Expected Value? Simulating E8 One, E8 Pro, and E8 Signature Over 1 Year: E8 Pro Wins at 1% Risk, E8 One Wins If You Size Up [September 2026]
A 1-year Monte Carlo of E8 Markets' E8 One, E8 Pro (80%/100% split), and E8 Signature, run to the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50–58% win rates, plus E8 Pro's '2% daily profit cap,' 'payouts capped at 50% of profit,' the max-loss line rising to the initial balance on the first payout, and the fact that fees are non-refundable.
What's Eightcap Challenges' Expected Value? One Phase Beats Two Phase in a 1-Year Simulation [September 2026]
A 1-year Monte Carlo simulation of Eightcap Challenges' One Phase (1-step) and Two Phase (2-step) plans, run exactly to the official rules. Covers annual take-home at risk levels of 0.5%/1%/1.5% per trade and win rates of 50–58%, along with the no-refund policy, the 30%/35% Profit Distribution rule at withdrawal, and the unresolved question of whether Japan-based traders can use it.
What's Fintokei's Expected Value? A 1-Year Simulation of Challenge vs. SwiftTrader: SwiftTrader If You Have Edge, Challenge If You Don't [September 2026]
A 1-year Monte Carlo simulation of Fintokei's Challenge plan (ProTrader) and SwiftTrader plan (SwiftTrader) run exactly to the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50-58% win rates, the Scaling Dojo's contract-fee refund (equal to the fee paid), and SwiftTrader's overall 3% cap and its 'at least 3% profit per payout' requirement.
What's the Expected Value of Forge of Traders? Running 1-Phase, 2-Phase, and Instant for a Year Shows the Funded 1% Rule Caps You at 0.5% Per Trade [September 2026]
A year-long Monte Carlo run of Forge of Traders' 1-Phase, 2-Phase, and Instant plans under the official rules. Covers annual net take-home at 0.5%, 1%, and 1.5% risk per trade with 50–58% win rates, the Funded account's 1% aggregated-risk rule, the Equity Lock, the 2-Phase's 100% fee refund, and the total ban on EAs.
What's FTMO's Expected Value? A One-Year Simulation of 2-Step vs. 1-Step Shows 1-Step Wins at Every Lot Size [September 2026]
We ran FTMO's 2-Step and 1-Step ($100K) through a one-year Monte Carlo simulation using the official rules. Covers the annual take-home at 0.5%/1%/1.5% risk per trade and 50–58% win rates, how 2-Step's 100% fee refund and 1-Step's "the account resets on every payout" mechanism play out.
FTMO vs. The5ers vs. Fintokei vs. Hantec: Expected Value Compared | Cap Daily Loss at 2.5% and Run 7 Plans for a Year — FTMO 1-Step Comes Out on Top [September 2026]
I compared 7 plans — FTMO (2-Step / 1-Step), The5ers High Stakes (Classic / New), the Fintokei challenge, and Hantec (Enhanced / Endurance) — with a year-long Monte Carlo simulation that follows each firm's official rules exactly. Capping daily loss at 2.5% across every plan puts FTMO 1-Step in first place at every lot size, followed by Fintokei and FTMO 2-Step.
FTMO vs Hantec: Which Should You Buy? Hantec Is the Only One Whose Max Loss Line Rises to the Starting Balance on Payout. FTMO Wins on Expected Value, and 1-Step Is Best If You Cap Daily Loss at 2.5% [September 2026]
We compare FTMO (2-Step / 1-Step) and Hantec Trader (Enhanced / EnhancedX / Endurance) on official rules and calculate expected value with a one-year Monte Carlo simulation. Hantec Enhanced's max loss line rises to the starting balance on your first payout. Includes a survey of post-payout drawdown behavior across 8 two-step firms.
What's Funded7's Expected Value? A 1-Year Simulation of the 2-Phase and 1-Phase Plans Puts 2-Phase + the 90% Profit-Split Add-On in First (September 2026)
A 1-year Monte Carlo simulation of Funded7's 2-Phase (¥95,000 for a ¥20M account), the 90% profit-split add-on, and 1-Phase, run under the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50-58% win rates, the fee refund on the second payout, 1-Phase's 50% profit split and trailing max loss, and how the OREF rule factors in.
What's FundedElite's Expected Value? A 1-Year Simulation of 2-Step, Lite, and 1-Step Shows 1-Step Wins Once You Have an Edge [September 2026]
A 1-year Monte Carlo simulation of FundedElite's 2-Step, 2-Step Lite, and 1-Step (all $100K), run exactly to the official rules. Covers annual take-home at risk levels of 0.5%/1%/1.5% per trade and win rates of 50–58%, the static 8% max loss, the fee refund at the 3rd payout, the free retry, and the EA ban.
What's FundedHive's Expected Value? Simulating 2-Step Classic Over 1 Year: It Falls Short of FTMO Due to a 70% Split and a $1,000 Daily Payout Cap [September 2026]
A 1-year Monte Carlo of FundedHive's 2-Step Classic ($499 for $100K), run to the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50–58% win rates, and explains the impact of the 70% profit split, the $1,000-a-day payout cap, and a static max loss that doesn't move on a payout, lined up against FTMO 2-Step.
What's the expected value at FundedNext? A 1-year simulation of the 4 Stellar plans puts 1-Step in 1st place; Instant is overpriced [September 2026]
Runs a full-year Monte Carlo simulation on FundedNext (CFD)'s Stellar 2-Step, 1-Step, Lite, and Instant, following the official rules exactly. Covers annual take-home at 0.5%, 1%, and 1.5% risk per trade and win rates of 50–58%, the fee refund (2-Step on the 1st payout, 1-Step/Lite on the 3rd), withdrawals every 5 business days, Instant's trailing max loss, and the EA ban above $50K.
What's the expected value at Funded Trader Markets (FTM)? A 1-year simulation of 5 plans puts Instant Standard in 1st place; 2 Step Plus stalls on the '1% floating loss' rule [September 2026]
Runs a full-year Monte Carlo simulation on Funded Trader Markets (FTM)'s 1 Step Nitro, 2 Step Plus, and Instant Standard / Pro / Plus, following the official rules exactly. Covers annual take-home at 0.5%, 1%, and 1.5% risk per trade and win rates of 50–58%, the Shield Risk Protocol that cuts the split once floating loss hits 1%, instant accounts that reset on every payout, and the fee refund that comes back on the 3rd payout.
What's FundingPips' Expected Value? A 1-Year Simulation of 6 Plans Under the New Rules (From September 28, 2026): At 1% Risk, 1 Step Flex (3% Daily) Is 1st and 2 Step Standard (3% Daily) Is 2nd [September 2026]
A 1-year Monte Carlo simulation of FundingPips' new rules from September 28, 2026, covering 2 Step Standard (3% and 5% daily), 2 Step Flex, 2 Step Pro and 1 Step Flex (2% and 3% daily). Compares annual take-home at 0.5%, 1% and 1.5% risk per trade and 50-58% win rates. For 2 Step Standard, the 3% daily option beat 5% in every scenario; for 1 Step Flex, 3% daily was better at 1% risk and 2% daily was better otherwise.
What Is Fundora's Expected Value? Running the 2-Step Challenge Through a 1-Year Simulation by Account Size, Standard (¥20M) Comes Out Best [September 2026]
We ran Fundora's 2-step challenge (Standard, Professional, Growth, Entry) through a 1-year Monte Carlo simulation using the official rules exactly as written. Covers annual take-home at 0.5%, 1%, and 1.5% risk per trade and win rates of 50-58%, and explains how Fundora's own quirks — the 1% rule, the 33.3% rule, the 28-day wait for the first payout, and the payout cap — affect expected value.
What's FXIFY's Expected Value? A 1-Year Simulation of the 3 Two Phase Plans and One Phase Shows Classic and Pro Neck-and-Neck, Trailing Plans at Half [September 2026]
A 1-year Monte Carlo simulation of FXIFY's Two Phase (Classic / Standard / Pro) and One Phase, run under the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50-58% win rates, the fee refund, the trailing drawdown that locks at payout, and Pro's 10-day payout cycle.
What's the Expected Value of Hantec Trader? Simulating Express, Enhanced, EnhancedX, and Endurance Over 1 Year, Endurance Ranks #1 [September 2026]
We ran Hantec Trader's Express, Enhanced, EnhancedX, and Endurance through a 1-year Monte Carlo simulation using the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50–58% win rates, the difference between plans whose max-loss line rises after payout versus plans where it doesn't, and how the 35% consistency rule plays out.
What's the Expected Value of Hola Prime? | A 1-Year Simulation of 1-Step Prime, 2-Step Prime, and 2-Step Pro Shows Monthly 95% Wins if You Have an Edge [September 2026]
A 1-year Monte Carlo simulation of Hola Prime's 1-Step Prime, 2-Step Prime, and 2-Step Pro ($100K), run strictly to the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50–58% win rates, the full fee refund (25% per payout across the first 4 payouts), the static max loss, the trade-off of the monthly 95% split, the mandatory stop loss on funded accounts, and the 2%-per-trade-idea rule.
What's Lark Funding's Expected Value? A 1-Year Simulation of 1-Step, 3-Step, and Instant Puts 1-Step in First (September 2026)
A 1-year Monte Carlo simulation of Lark Funding's 1-Step, 3-Step, and Instant plans, run under the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50-58% win rates, the static 7% max loss, 3-Step's lack of a daily loss limit, Instant's trailing drawdown, and how the 'Lark Base' monthly reward is handled.
What's the Expected Value of Moneta Funded? Simulating 2-Step, 1-Step, Instant, and Instant Pro Over 1 Year, 1-Step Ranks #1 at 1% Risk Per Trade [September 2026]
We ran Moneta Funded's 2-Step (5%/10% and 4%/8%), 1-Step, Instant, and Instant Pro through a 1-year Monte Carlo simulation using the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50–58% win rates, the refund of the fee on the 4th payout, Instant's 1% floating-loss rule, and how the max loss line locks to the initial balance once a payout is approved.
What is PipFarm's expected value? Running a 1-year simulation on the 4 Classic/Consistency plans puts the cheapest, Consistency 1-Stage, in 1st place [September 2026]
A one-year Monte Carlo simulation of PipFarm's Classic (2-Stage / 1-Stage) and Consistency (2-Stage / 1-Stage) plans, run under the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50–58% win rates, plus a split that starts at 70%, payout caps starting at 3%, and a mechanism that shrinks your max-loss cushion starting from your second payout.
What's SuperFunded's Expected Value? Running a 1-Year Simulation of 1 Step and 2 Step Shows 2 Step Wins at 1% Risk or More (September 2026)
A one-year Monte Carlo simulation of SuperFunded's (a TradeLocker prop firm) 1 Step and 2 Step plans, run exactly to the official rules. Covers the annual take-home at 0.5%, 1%, and 1.5% risk per trade and win rates of 50-58%, 1 Step's trailing max loss, the 5% profit cap on the first three payouts, and 2 Step's 70% → 80% → 90% profit split.
What's The5ers' Expected Value? A 1-Year Simulation of High Stakes vs. Pro Growth Shows Pro Growth Slightly Ahead, Thanks to No Payout Cap [September 2026]
We ran The5ers' High Stakes (Classic / New) and Pro Growth through a 1-year Monte Carlo simulation using the official rules. Covers annual take-home at 0.5%, 1%, and 1.5% risk per trade and 50–58% win rates, and how the 3-way fee refund, the $4,000 payout cap on $100K, and Pro Growth's 75% split all play out.
What's ThinkCapital's Expected Value? | Simulating Lightning, Dual Step, and Nexus for a Year — Dual Step Comes Out on Top [September 2026]
I calculated ThinkCapital's Lightning (1-step), Dual Step Intraday (2-step), and Nexus (3-step) with a year-long Monte Carlo simulation following their official rules exactly. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50–58% win rates, the fee refund on the 3rd payout, Lightning's trailing max loss, and Dual Step's max loss (7% during evaluation, 8% funded).
What's TradingCult's Expected Value? A 1-Year Simulation of 2-Step and 2 Add-Ons: the 90% Split Add-On Wins If You Have Edge [September 2026]
A 1-year Monte Carlo simulation of TradingCult's 2-Step ($100K, $459) and its 90%-split / 15%-max-loss add-ons, run exactly to the official rules. Covers annual take-home at 0.5%/1%/1.5% risk per trade and 50-58% win rates, the 40% consistency rule at payout, and why the 1-Step plan (which has a payout cap) was excluded from the simulation.
[September 2026] We Calculated BluSky's Expected Value: The 3-Stage Model Favors Propel (30OFF), +$2,988/Year at Zero Edge
We compared the three plans (Launch, Propel, Orbit) at futures prop BluSky Trading using a Monte Carlo simulation run for one year, from evaluation through payout. Verified pricing, reset fees, the Buffer Zone, and payout terms on the official help center and pricing page on September 25, 2026. It's a 3-stage model — Evaluation → Buffer Zone → Sim Funded — and failing the Buffer Zone doesn't send you back to redo the evaluation. At 0.30 lots and zero edge, Propel $50K (code 30OFF brings it to $112/month) is best at +$2,988/year. Orbit's 30-day deadline is a heavy burden, and it comes out negative at zero edge.
[September 2026] Calculating Bulenox's Expected Value: Every Plan Is Now One-Time Payment. At Zero Edge, End-of-Day Momentum Wins; With an Edge, Qualification Wins
A Monte Carlo comparing futures prop firm Bulenox's $50K plans (Qualification and Momentum, each available in trailing and end-of-day variants) over a full year from evaluation through payouts. Confirmed on the official pricing page, help center, and fee schedule on September 25, 2026. The monthly subscription model is gone — every plan is now a one-time payment. At 0.30 lots and zero edge, Momentum (end-of-day) comes out best at +$2,047/year; with 'medium' edge, Qualification leads at +$25,529. Automated trading is allowed only for self-built tools — commercial or shared tools are banned.
[September 2026] We Calculated Funded Futures Network (FFN)'s Expected Value: Both Plans Negative at Zero Edge, STEADY Wins With Edge Thanks to Faster Payouts
We compared futures prop firm Funded Futures Network (FFN)'s two plans (Standard MAX and STEADY) with a 1-year Monte Carlo simulation running from evaluation through payout. Pricing, reset fees, buffer requirements, and payout conditions confirmed on the official help center and pricing page on September 25, 2026. At 0.30 lots and zero edge, both are negative: Standard MAX at −$312/year, STEADY at −$516/year. The requirement to build a $2,000 + $500 buffer on the funded account before any payout is the biggest drag. With edge, STEADY pulls ahead since it drops the consistency rule after passing and allows daily payouts.
[September 2026] Expected Value Summary: 5 Futures Prop Firms Where Self-Built Bots Are Allowed — TradeDay and Topstep Win at Zero Edge, Bulenox/Topstep/Tradeify Win With Edge
A summary comparing $50K accounts at 5 futures prop firms where automated trading is allowed 'self-built only, with conditions' (Bulenox, Tradeify, TradeDay, The Trading Pit, Topstep), run through identical Monte Carlo simulations. At 0.30 lots, one micro gold trade per day, over 1 year: at zero edge, TradeDay Quick Pay Intraday (+$2,522) and Topstep (+$2,519) are tied for the top. At 'medium' edge, Bulenox Qualification (+$25,529), Topstep (+$24,982), and Tradeify Select Daily (+$24,218) lead. None of them reach Category A's (fully automated OK) leader, FTMO Futures Pro (+$4,836 at zero edge). The Trading Pit is the only one that explicitly allows VPS; TradeDay and Topstep ban it.
[September 2026] Expected Value Roundup: 6 Futures Prop Firms That Allow Automated Trading | FTMO Futures Pro Wins at Zero Edge and With an Edge
A roundup comparing every plan at 6 futures prop firms that officially allow automated trading (FTMO Futures, FundedNext Futures, MyFundedFutures, Lucid Trading, BluSky, FFN) under the same Monte Carlo conditions. At $50K, 0.30 lots, 1 micro gold trade a day, over 1 year: at zero edge, FTMO Futures Pro wins with +$4,836 a year, followed by BluSky Propel at +$2,988. At 'medium' edge, FTMO Pro still wins at +$26,306, but FFN STEADY, MFFU Rapid EOD, and Lucid Daily all cluster around $24,000. Only FTMO and FundedNext explicitly allow VPS.
[September 2026] I Calculated The Trading Pit Futures's (Futures Prime) Expected Value | A $99 One-Time Fee Nets +$1,345/Year at Zero Edge, and Own EAs + VPS Are Explicitly Allowed
I calculated the expected value of The Trading Pit's futures challenge, Futures Prime $50K, with a year-long Monte Carlo simulation from evaluation through payouts. Confirmed on the official futures page and help center on September 25, 2026. $99 one-time fee, $79 reset, 30-day evaluation. At 0.30 lots: +$1,345/year at zero edge, +$21,491/year at 'medium' edge. It's one of the few futures prop firms that explicitly allows both your own EA and a VPS, but its Trustpilot rating is suspended for violating guidelines.
TradeDay Expected Value, Calculated (September 2026) | At Zero Edge, Quick Pay Intraday Nets +$2,522/Year - But Gains Plateau, and VPS Is Banned
We ran a one-year Monte Carlo simulation from evaluation to payout for TradeDay's $50K plans (Quick Pay Intraday, Quick Pay EOD, Fast Pass EOD), a futures prop firm. Confirmed against the official pricing card and help center on September 25, 2026. The monthly fee only applies during evaluation and stops once you pass; there's no activation fee and no daily loss limit. At 0.30 lots and zero edge, Quick Pay Intraday comes out best among Category B firms (self-built automation only) at +$2,522/year. That said, the profit split is 50%, and the sim account is capped at $10,000 in cumulative profit, so even with edge you're looking at only around +$8,000/year. VPS is banned, and so are off-the-shelf bots.
[September 2026] We calculated Tradeify's expected value | At zero edge all 3 formats give a small profit; with an edge, Select Daily wins
A one-year Monte Carlo comparison of futures prop firm Tradeify's $50K plans (Growth, Select Flex, Select Daily), run from evaluation through payouts. Confirmed against the official pricing cards and help center on September 25, 2026. All plans are one-time purchases with no activation fee. At 0.30 lots and zero edge, the three are roughly even — Growth +$1,255, Select Daily +$1,132, Select Flex +$1,118 — but with a 'medium' edge, Select Daily, which pays out daily, leads at +$24,218. Running a bot requires proof of ownership (a live video of you personally launching the code), and using the same bot across multiple firms is prohibited.
[September 2026] Calculating FTMO Futures Challenge Expected Value: Pro $50K Maxing Out the Daily Limit Is Best, and Skill Only Changes How You Withdraw
For all 6 FTMO Futures plans (Growth and Pro × $50K, $100K, $150K), I ran a 1-year Monte Carlo covering evaluation, resets, Sim-Funded, and payouts to calculate expected value. Prices, reset fees, and payout conditions for every plan were re-verified against the official rules page on September 23, 2026. Covers why Pro $50K comes out at +$4,836/year even at zero edge, why it stays positive even with a negative edge, the mechanism by which Pro can kill your account if you withdraw too aggressively, and why changing lot size between evaluation and funded is a rule violation.
[September 2026] I calculated FundedNext Futures' expected value — VPS and automated trading are explicitly allowed; go Legacy with an edge, Flex without one
Compared FundedNext Futures' 4 plans (Flex, Legacy, Rapid Pro, Rapid Daily) in a full year of Monte Carlo simulation from evaluation to payout. Confirmed prices, reset costs, max loss, and withdrawal conditions on the official help center on September 23, 2026. All plans are one-time purchases with no activation fee. At zero edge, only Flex $50K comes out positive at +$1,388/year; with an edge, Legacy pulls ahead thanks to its larger withdrawal cap. Covers how Flex and Rapid end an account after 5 payouts, plus a comparison against FTMO Futures and Topstep.
[September 2026] I Calculated Lucid Trading's Expected Value — At Zero Edge, Go Flex (With Daily Loss); With an Edge, Go Daily (No Payout Cap)
We compared Lucid Trading's 3 plans (Flex, Pro, Daily) with a 1-year Monte Carlo simulation running from evaluation through payout. Prices, reset fees, max loss, and payout conditions confirmed on the official Help Center and pricing page on September 23, 2026. All are one-time purchases with no activation fee. At zero edge, Flex $50K with a daily loss limit attached comes to +$2,152/year; with an edge, Daily — which has no payout cap — pulls ahead. Covers why adding a daily loss limit makes it cheaper, Daily's mandatory flat position around news releases, and the lack of any VPS policy.
[September 2026] We Calculated MyFundedFutures' Expected Value | Builder at Zero Edge, Rapid EOD (No Payout Cap) Once You Have an Edge
We compared MyFundedFutures' (MFFU) 4 plans (Builder, Rapid, Rapid EOD, Pro) with a Monte Carlo simulation running a full year from evaluation through payouts. Price, max loss, and payout conditions confirmed against the official help center and pricing pages on September 23, 2026. Since August 2026 it's a one-time purchase with no activation fee. At zero edge, Builder $50K comes out at +$1,658/year; with an edge, the uncapped Rapid EOD, Rapid, and Pro pull ahead. Also covers the fact that there's no VPS policy written anywhere, and that reset fees aren't disclosed.
[September 2026] I calculated Topstep's expected value — it loses to FTMO Futures at the same lot size; you only win by sizing up big with no daily loss limit
Ran a full year of Monte Carlo simulation from Topstep's Trading Combine through the Express Funded Account to payouts. Confirmed the monthly fee, resets, activation fee, max loss, and withdrawal conditions on the official help center on September 23, 2026. At $50K and 0.30 lots, zero edge comes out to +$2,519/year — about half of FTMO Futures Pro. Without a daily loss limit you can size up to 0.50 lots and flip the result, but that needs 25–39 resets a year. Also compares with/without the activation fee, Standard vs. Consistency, and with/without a daily loss limit.
FTMO Futures vs Topstep: FTMO Wins on Expected Value, Topstep Wins on Monthly Cost. If You're Running a Bot, VPS Access Is the Deciding Factor [September 2026]
We re-confirmed the rules on both the futures prop leader Topstep and FTMO Futures, which entered the market in September 2026, on September 23, 2026, and compared them. The monthly fee is less than half at Topstep, but running the same lot size through evaluation to payout for a year gives FTMO Futures Pro the higher expected value ($50K, zero edge: +$4,836 vs. +$2,519). Covers activation fees, the fact that you can only withdraw 50% of the balance, an optional daily loss limit, resets that shift your billing date, VPS eligibility, and running a bot on a live account.
Is a Challenge "Expected-Value Positive Just by Buying It"? I Built a Coin-Toss EA and Backtested It 16 Times [Analysis]
Placing SL/TP at spread x 40 makes the cost ratio independent of the currency pair. Verified with an exact solution plus 24 real EA runs, a single challenge's expected value comes out to +¥119,000 against a ¥108,800 fee (95% CI +¥18,000 to +¥381,000). Raising the number of daily attempts up to the daily loss limit shrinks the time to resolution from 139 days to 7 days without lowering the pass rate, and across multiple accounts, simply using a different random seed per account shifts the probability of finishing positive from 56% to 98%. The one remaining hole is a stop-loss getting jumped by a gap.