Pipstone Capital review: 90% on the homepage, 80/20 in the terms
Pipstone Capital's homepage sells a 90% split and a refunded challenge fee. Its terms set an 80/20 default and say all payments are non-refundable.
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Prop Firms
Reviews and verdicts on funded-trader programmes: rules, payouts, the fine print.
214 stories since 2026 · page 2 of 11
September 2026
Propanium review: the Smart Exit that cuts a 90% split to 60%
Propanium sells a 90% split and 24-hour payouts, but each Smart Exit auto-close cuts the split by 10 points to 60%, and its contract makes every payout discretionary.
OneStopProp review: “100% refundable” on plans its FAQ never refunds
OneStopProp review: the "100% Refundable" badge shows on Instant plans its FAQ excludes, the Terms bar refunds, and the Wyoming LLC lapsed for 9 months.
LegionFunding review: a Trustpilot profile older than the company
LegionFunding review: Trustpilot claimed July 2026, company incorporated 11 August, plus refund, real-capital and drawdown claims its own Terms contradict.
Flagship Funded review: the 100% split needs a score of 4.76 out of 5
Flagship Funded review: the FDR split runs 50% to 100%, needs 20 trades per payout cycle before any payout, and pays 100% only at a score of 4.76 out of 5.
Paid To Trade review: A-book on the sales page, demo in the contract
Paid To Trade review: the sales page promises A-book live execution, but the Terms call every account simulated. Payout ledger, Dubai entity and rules checked.
Quantum Funding review: the homepage FAQ is still Lorem ipsum
Quantum Funding review: the homepage FAQ is Lorem ipsum, the fee refund has three answers, and the $500K ceiling applies to one product only.
Space Funded review: a Wyoming LLC that arbitrates in the Canaries
Space Funded review: a Wyoming LLC with a Canary Islands arbitration clause, a Trustpilot warning over pressured reviewers, and terms that punish bad posts.
FundedCobra review: nine days old, $147,944 in claimed payouts
FundedCobra review: its UK company was incorporated nine days ago, yet 89% of its $147,944 payout ledger has no transaction proof. Rules, fees, Trustpilot.
4PropTrader review: the $900 minimum payout is also the cap
4PropTrader review: the 95% split sits behind $900-$4,000 caps on the first four payouts, a suppressed Trustpilot rating and three company names.
Firewood Funded review: the 3% drawdown waiting after you pass
Firewood Funded review: an 8% then 5% evaluation, then a 3% funded drawdown, weekly payouts and $854 in published payouts. Rules checked 24 Sep 2026.
My Funded Capital review: $32 on one page, $149 at checkout
My Funded Capital review: two price lists for one 2-Step challenge, a 100% split 20 rungs up, and a Polymarket-priced prediction program.
FundedVerse review: vault claims, payout caps and fee terms
FundedVerse review: its vault pitch says rewards come from reserves, its terms say fees pay running costs, and payout caps cancel profit above 3-5%.
AIFO review: a $2m scaling plan with a $10,000 payout cap
AIFO review: the prop firm sells a $2m scaling plan and 95% split, but caps each payout at $10,000 and its own scaling table contradicts its loss rules.
Hex Funded review: the weekend hold its FAQ calls a breach
Hex Funded review: the homepage says Instant accounts allow weekend holding; the help centre calls it an immediate breach. Payouts, Capital Lock and the Dubai contract.
AI Prop review: the prime broker that says it is not a broker
AI Prop review: its homepage cites a prime broker and a live account; Coinstrat, the named broker, says it offers only simulated trading. Fees, rules, payouts.
Propify review: 93% of the payout counter is one round number
Propify's 'total paid out' was $322,558.09 on 23 September 2026, but $300,000 of it sat in one field labelled 'signalGroup'.
WeMasterTrade review: a Saint Lucia contract behind a Vancouver brand
WeMasterTrade claims $60.3m in payouts, but its profit-sharing terms name a Saint Lucia company, not the Vancouver firm it describes. Rules, payouts and caveats.
SiegPath review: the live-capital fund lists three locations
SiegPath review: 80% split, 14-day payouts and a static 10% drawdown, but the real-capital fund it names, Framsteg, lists Cayman, Manhattan and Melbourne.
