CobraSight's ranking of the 20 largest prop firms by funded-account count, payout volume, and operational maturity.
FTMO holds the top slot for the fourth consecutive year, but the composition of the top 20 has shifted meaningfully — five new entrants displaced incumbents in the last 12 months.
Our 2026 top-20 ranking combines funded-account count, trailing-twelve-month payout volume, operator transparency, and regulatory standing. The composite score is built from data CobraSight collects directly from operators plus independent validation against payment processor disclosures.
The headline: five new entrants. Three came from the futures sub-segment, one from crypto-native, and one from a refundable-challenge specialist that scaled from sub-1,000 funded accounts in early 2024 to over 18,000 today.
Key Report Takeaways
- FTMO retains #1 for a fourth consecutive year.
- Five new entrants displaced incumbents — three from futures, one crypto-native, one refundable-challenge.
- Average top-20 operator now manages 47,000 funded accounts, up 22% YoY.
- Operator transparency scores improved across 14 of 20 firms.
- Methodology
- Top 20 league table
- New entrants & risers
- Operator profiles
- Funded-account economics
- Payout volume rankings
- Transparency & governance scores
- Outlook for 2027
How we rank
Our ranking uses a blend of data to construct size and scale of firms. We analyze website traffic, organic search volume, advertising figures, social media growth, Discord activity, affiliate and influencer campaigns.
Continue reading the full report.
Full charts, operator-level data tables, and the underlying dataset are available to CobraSight members.
