Firm comparisons
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The5ers High Stakes: 8% Target vs. 10% Target — Which Should You Choose?
The5ers' High Stakes challenge comes in two variants: Classic (Phase 1 target 8%) and New (10%). Using prices and rules after the September 14, 2026 revision ($100K is $455 for Classic and $405 for New, max loss 8%, daily 4%), we compare cost per 1% of target, the ratio of max loss to target, and the break-even pass rate. The conclusion that Classic is the better pick for a first attempt has only gotten clearer after the revision.
![The5ers High Stakes Gets Cheaper, But the $50K/$100K Buckets Shrank | The Refund Is Now "70% Cash + 30% Non-Withdrawable Credit" [September 2026]](/og/en/the5ers-high-stakes-price-and-rules-change-2026-09.png)
The5ers High Stakes Gets Cheaper, But the $50K/$100K Buckets Shrank | The Refund Is Now "70% Cash + 30% Non-Withdrawable Credit" [September 2026]
The5ers High Stakes revised its pricing and terms on September 14, 2026. $100K Classic went from $545 to $455, and New from $491 to $405. But only the $50K and $100K sizes saw max loss cut from 10% to 8% and daily loss from 5% to 4%, plus newly introduced withdrawal caps ($3,000/$4,000) and minimum profit requirements ($300/$500). What used to be a full fee refund is now split into 70% cash plus 30% non-withdrawable Hub credit. Measured against the loss allowance per dollar, this is effectively a price increase. On top of that, the official site shows conflicting numbers in four different places, so you need to check the actual figures at checkout before buying.
Which Payment Method Is Best for The5ers? A Complete Guide for Traders in Japan
The5ers offers several payment methods — credit card, PayPal, crypto, and Checkout (with Apple Pay support). A thorough comparison of fees, FX cost, and convenience from the perspective of traders in Japan.
FTMO Futures Complete Guide: Automated Trading and VPS Both Officially Allowed as FX Giant Launches Futures in September 2026
A hands-on check of FTMO's official pages for FTMO Futures, the futures prop program FTMO launched on September 1, 2026. Its forbidden-practices page explicitly states "Automated trading is permitted," making it one of the few firms that also explicitly permits VPS and VPN use. Covers full pricing for every size of Growth and Pro, how EOD trailing drawdown works, the consistency rule that only applies during evaluation, the JST close-out deadline, the three platforms (NinjaTrader, Tradovate, TradingView), and whether it's usable from Japan.
![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]](/og/en/ftmo-futures-vs-topstep-2026-09.png)
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.
![[May 2026 Edition] 7 Best Futures Prop Firms for Japanese Traders — With Coupon and Discount Codes](/og/en/futures-prop-firms-japan-2026.png)
[May 2026 Edition] 7 Best Futures Prop Firms for Japanese Traders — With Coupon and Discount Codes
A curated comparison of 7 firms: Apex, Topstep, MyFundedFutures, Take Profit Trader, Lucid Trading, Bulenox, and Tradeify. Covers monthly billing vs. one-time purchase, profit splits, payout conditions, and the latest coupon codes from a Japanese trader's perspective.
![[2026 Complete Guide] MyFundedFutures Full Review | All 4 Plans Compared, Pricing, Rules, Payouts, and Every Coupon](/og/en/myfundedfutures-complete-guide-2026.png)
[2026 Complete Guide] MyFundedFutures Full Review | All 4 Plans Compared, Pricing, Rules, Payouts, and Every Coupon
A deep dive into MyFundedFutures (MFFU), the futures prop firm leader with a 4.9-star Trustpilot rating from 16,000+ reviews. Covers the Core/Rapid/Pro/Flex plans, EOD drawdown, consistency rule, the $5K–$11,250 payout caps, and every current coupon, written for Japanese traders.
![The5ers Futures Complete Guide: A One-Time Fee Fully Refunded on Your 3rd Payout, But Algo Trading Is Fully Banned [September 2026]](/og/en/the5ers-futures-guide-2026-09.png)
The5ers Futures Complete Guide: A One-Time Fee Fully Refunded on Your 3rd Payout, But Algo Trading Is Fully Banned [September 2026]
We tested The5ers's futures product directly on the official pages: pricing for all 4 sizes of Day Trade and Swing, EOD drawdown, the 40% consistency rule that applies on both evaluation and funded stages, a fixed 80/20 split, scaling up to $500K, and a full refund of the fee on your 3rd payout. However, the official FAQ explicitly states that high-frequency trading, algorithmic trading, and hedging are 'strictly forbidden, and any trader found using them will be banned from our programs' — so EA traders are excluded.
![What is Propr? A Full Breakdown of the On-Chain Prop Firm Built on Hyperliquid | From $25, 15.4% Pass Rate Published, USDC Payouts [September 2026]](/og/en/propr-onchain-crypto-prop-firm-guide-2026.png)
What is Propr? A Full Breakdown of the On-Chain Prop Firm Built on Hyperliquid | From $25, 15.4% Pass Rate Published, USDC Payouts [September 2026]
A look at Propr, a crypto prop firm developed by XBorg and backed by SwissBorg, running directly on Hyperliquid's order book. Four plans ($5K–$200K, from $25), an 80% fixed split, a public dashboard showing a median 38-minute USDC payout time, $2.95M in revenue, and a 15.4% pass rate. On the other hand, the fee is 25–36% more than the identically-structured Kraken-backed Breakout, and at $140–167 per $1,000 of loss allowance it's roughly 3x an FX two-step. Terms state the accounts are '100% simulated' and payouts are 'discretionary,' leverage on FX perps is 25x, and there are mismatches between the FAQ and the rulebook numbers. Covers access from Japan and things FX traders should watch for.
![E8 Pro vs E8 One: Which Should You Buy? Comparing "Static 8% + 2%/day cap" vs "Dynamic 6% + 40% Consistency" at the Same $366, for Both Smoothed and Spiky P&L [September 2026]](/og/en/e8-pro-vs-e8-one-2026-09.png)
E8 Pro vs E8 One: Which Should You Buy? Comparing "Static 8% + 2%/day cap" vs "Dynamic 6% + 40% Consistency" at the Same $366, for Both Smoothed and Spiky P&L [September 2026]
E8 Markets' E8 Pro (static DD 8%, daily 2.5%, daily profit cap 2%, payouts are 50% of profit and the fail line moves to the starting balance) and E8 One (dynamic DD 6% locked at the starting balance, daily 4%, target 9%, 40% consistency rule in Performance stage) both cost $488 at $100K — $366 with code E8. The answer depends on the shape of your P&L. Traders firing multiple times a day to smooth out returns come out ahead with Pro in Monte Carlo (4.5x vs 1.4x at zero edge). Traders who trade once a day and earn most of their profit from a handful of big days come out 2–7x ahead with One in real-data tests (+¥3.09M/+¥5.85M vs +¥630K/+¥1.37M per year). The reason: Pro's "2% daily profit cap" shaves 8–27% off big-day profits, and the buffer disappears on the first payout. Also covers which configuration to pick (8% for Pro, 6% for One).
![Is Fintokei's SwiftTrader Plan a Trap for the Unwary? Cheap, Fast, and 90% — But It Recovers Its Fee Through a 60-Day, 3% Box, Measured Against the Same Strategy as StartTrader, FTMO, and E8 [September 2026]](/og/en/fintokei-swifttrader-worth-it-2026-09.png)
Is Fintokei's SwiftTrader Plan a Trap for the Unwary? Cheap, Fast, and 90% — But It Recovers Its Fee Through a 60-Day, 3% Box, Measured Against the Same Strategy as StartTrader, FTMO, and E8 [September 2026]
Fintokei's SwiftTrader plan was revised on July 15, 2026, to a 6% target, -2% daily loss, -3% overall loss, a 60-day time limit, and a 90% split. ¥20M for ¥93,800 looks cheaper than the challenge plan, but priced per ¥10,000 of loss allowance it's ¥1,563 versus ¥549 — 2.85x — and target ÷ loss allowance is 2.0 versus 0.8. In a Monte Carlo simulation, a high-frequency trader firing 3 times a day has a region where SwiftTrader wins below 0.5% risk per trade, but running the real "once a day" strategy through it shows -¥360K to -¥560K a year at 0.5%, with the 60-day window expiring 5 times a year. Run through the challenge plan, FTMO 2-Step, and E8 One with the same strategy, SwiftTrader comes in at 3-4x worse. It's overpriced for most people, and only makes sense for a narrow slice of high-frequency, high-win-rate traders.
![Web3 Prop Firms Special [September 2026] | Sorting 22 Firms — from On-Chain Settlement to Exchange-Backed and Prediction-Market Types — by 'Is This Actually On-Chain?'](/og/en/web3-prop-firms-guide-2026-09.png)
Web3 Prop Firms Special [September 2026] | Sorting 22 Firms — from On-Chain Settlement to Exchange-Backed and Prediction-Market Types — by 'Is This Actually On-Chain?'
New prop firms settling on Hyperliquid or Arbitrum surged in 2026. We checked 22 firms on September 20, 2026, against their official rulebooks, terms of service, and Trustpilot — from the on-chain settlement type (Propr, Hypernova, HyperPNL, Carrot, DojiFunded), the chain-recorded type (Vanta, Hyper Stack, Solana Funded), the on-chain payout type (Investabl, FundedHive, AI Prop), Kraken-owned Breakout / Kraken Prop / Kraken Funded, the crypto-native type (SizeProp, HyroTrader, Crypto Fund Trader, Bitfunded, TradeXProp, Upscale), to the prediction-market type using Polymarket (Funding Predicts, PropMarket). Even firms calling themselves 'on-chain' run every evaluation phase as a simulation, and each firm's terms state that whether real orders get routed to the market after funding is entirely 'at the operator's discretion.' We cover whether you can buy from Japan, what to do once you receive USDC, and where the fees hit.