New Prop Firms in 2026

New firms cannot compete on reputation, so they compete on terms. Lower profit targets, higher profit splits, end-of-day drawdowns and no consistency rules are the cheapest ways for a new firm to attract experienced traders from established competitors. Lucid Trading, for example, launched with evaluations from $55 and a 90% split.

Launch pricing is often the cheapest a firm's evaluations will ever be, but only commit what you can afford to lose. Until a firm has built a track record of trader-reported payouts, assume you may not get that fee back and avoid stacking multiple accounts on day one.

The firm's rules, fees and payout terms are verified against its official documentation and added to our standardised database. A PropScore is only generated once the firm accumulates a minimum volume of genuine trader reviews; until then it shows "Not Yet Rated." Firms cannot pay to be verified or to rank higher.

This page is updated whenever a firm launches or is added to the platform, so it always reflects the newest entries. Each listing links to a profile that expands with verified data and trader reviews as the firm completes verification. New firm alerts also go out through the Prop Firm Compare newsletter.

Established firms have a multi-year track record of payouts and rule stability, but often carry stricter rules and lower splits. New firms typically offer cheaper evaluations, higher splits and simpler rules to attract traders, but have shorter payout histories. Verified new firms like Lucid Trading and FundedNext Futures close part of that gap, since their rules and terms have been cross-checked against official documentation.