Which prop firm challenge is easiest to pass?

Of the 38 programmes whose rules we have read, Fidelcrest's Micro Trader — Aggressive, at roughly 19% chance of a losing streak ending the attempt at 1% risk per trade — against >99% for the hardest. The difference is rarely the profit target or the drawdown; it is the daily loss limit and what breaching it does.

What risk per trade should I use in a prop challenge?

Well below the 1% that is treated everywhere as conservative. At 1% risk, only 2 of 38 gives a four-in-five chance of reaching the target before a losing streak ends the attempt. The figure is set by the tightest cap that can end the attempt, so it is a property of the programme rather than of your strategy.

Prop firm challenges, brokers, and the arithmetic behind both

The numbers these firms publish do not say what they seem to

38 prop firm challenges, read from the firms’ own rules. At 1% risk per trade the chance a losing streak ends the attempt runs from 19% to >99% — and the programmes at either end publish figures that look much the same.

Every number here is computed from a document the firm or its regulator published, shown with the date it was read. Where a figure cannot be established, the page says so instead of estimating. How that works, and what it cost.

Start here

Why so few figures, and why they are the ones worth having

Prop firm rules are published, dated and citable, so this site quotes them and computes from them: the difficulty ratio each firm could publish and none does, and the probability a losing streak ends an attempt before the target is reached.

Broker pricing is not. It moves weekly, lives inside the trading platform, and most brokers block automated collection outright. So there is no table of spreads here — there is a calculator that takes your own broker’s terms, which you can read off your platform in about a minute.

23 of 34 brokers here name the entity actually licensed, checked against the regulator’s own register. The rest are on the site and withheld from search until that can be established. The full method is here, including roughly 1,900 pricing figures that were deleted rather than maintained dishonestly.