One trader, reading the fine print so you do not have to
PropFirmSquad compares prop trading firms using data you can check yourself. Every number on this site has a date on it, and most have a source link next to it.
- 20Firms reviewed
- 413Challenges priced
- 113Countries tracked
- 20Codes verified
- 8Firms on the risk list
- 9Trustpilot warnings
Who reviews these firms
Every firm here is reviewed by one named person
Ayub Rana is a Chartered Accountant and has traded forex since 2018, specialising in ICT and smart money concepts. He has published over 100 trading guides read by more than 300,000 traders.
That combination is the whole point of this site. Reading a prop firm's terms is an audit problem before it is a trading problem: the payout clause, the consistency cap and the drawdown definition decide whether you keep your money, and they are written to be skimmed past. Ayub reads them the way he was trained to read a balance sheet, then trades the accounts himself.
No content team, no ghostwriters, no firm-supplied copy. More about Ayub.
Why this site exists
Most prop firm “reviews” are coupon pages
The pattern is easy to spot once you know it. A site lists five hundred firms nobody has tested, ranks them by whoever pays the largest commission, and calls the result a review. Rules change quietly, firms close, and the page never updates because nobody was ever checking.
We went the other way: fewer firms, reviewed properly. 20 firms with real pricing, audited rules and payout terms, plus a short list of firms that closed or drew regulatory action, each linked to the actual filing.
What we do differently
Claims you can check, not claims you have to trust
Anyone can write “independent and unbiased” on a page. These are the things on this site you can actually verify for yourself right now.
A date on every firm
Each profile shows when we last worked on it, and we explain exactly what that timestamp does and does not mean.
Read the methodology →Sources on the risk list
Firms that closed or faced regulatory action link to the regulator filing or the firm announcement itself. No source, no entry.
See the risk table →Published subscores
Five scores per firm with the arithmetic shown, so you can average them yourself and check our number matches. That average is also what orders the rankings.
Browse the firms →Trustpilot warnings, published
Where Trustpilot has restricted a firm’s rating for a guidelines breach, we say so with the date we checked and a link. 9 of the firms we list currently carry one.
How we handle it →The fine print, surfaced
Where a challenge advertises one price but costs another after passing, the pricing table carries a footnote with the real total.
See an example →Gaps left visible
When we cannot confirm something on a firm’s own site, the page says "Being verified" instead of guessing.
How we source data →
How we make money
Affiliate commissions, and nothing else
When you buy a challenge through one of our links, the firm may pay us a commission. That is how the research gets funded, and it is disclosed on every page where it applies.
What it does not do is move anything. List order comes from the squad score, which is the average of five subscores printed on every firm profile, so the sort key is a number you can recompute yourself. There is no commercial field anywhere in it. If a firm offered to pay for a higher position, the answer would be no, and we would publish the request.
The clearest proof is the risk list on our home page: some of those firms would have earned us money. The full process is published.
Get in touch
Corrections, payout proofs, and firms we have missed
If something here is wrong, we want to know, and that includes firms writing in about their own entry. Send corrections with a source and we will check them against the firm's own materials and update the page.
A dedicated contact form is not live yet, so being straight about it: for now the reliable route is ayubrana.com, where Ayub's contact and social links are published.
Payout proofs are especially welcome. Dated screenshots of real payouts are what turn a firm's advertised payout terms into something we can actually verify.