In the competitive landscape of prop trading, selecting the right firm to secure a Funded Account can significantly impact your trading success and career growth. FundedFirm and FundedSquad are two distinguished prop firms offering varying approaches to funded accounts, each with unique features, benefits, and trading models. This detailed comparison will guide you through their key differences to help you choose the best match.

FundedFirm: Reliable Fast Funding and Transparent Rules

FundedFirm is known for its straightforward and fast evaluation process that enables traders to quickly gain access to a funded account after clearing a simple, one-step challenge. It supports popular platforms like MT5 and cTrader, providing access to a range of financial markets including forex, indices, commodities, and cryptocurrencies.​

One of the firm's standout features is its trader-friendly profit split, offering up to 100% profit share in certain programs, flexible withdrawal options, and transparent trading rules including no minimum trading days or complex restrictions. FundedFirm prioritizes quick funding and ease of use, making it especially appealing for traders who want to start live trading with real capital fast.​

FundedSquad: Instant Funding with Lower Targets and Higher Scalability

FundedSquad differentiates itself by offering an instant funding model where traders skip lengthy evaluations and gain immediate access to simulated funded accounts. With profit targets as low as 6%—significantly less than the typical 8–10% at many traditional prop firms—FundedSquad makes it easier for traders to achieve goals and receive payouts quickly.​

Their profit split is competitive, ranging from 85% to 90%, and they offer a unique scaling plan where traders can double their account size with every 10% profit milestone, scaling up to $1 million. FundedSquad also provides instant payouts on demand through their integrated RISE payout system, which is a major advantage for traders using regular liquidity.​

Evaluation and Funding Speed ​​Comparison

While FundedFirm requires traders to pass a clear but straightforward evaluation challenge, FundedSquad's instant funding means traders can begin trading immediately after payment without further delay or performance hurdles. This instant access can reduce stress and accelerate trading experience for new or impatient traders.​

FundedFirm's one-step evaluation process is designed to be fast, but FundedSquad largely eliminates waiting times, giving it an edge in funding speed for those wanting to jump straight into simulated or live trading environments.​

Profit Targets and Drawdown Limits

FundedFirm usually has profit targets around 8-10%, with well-defined daily and maximum drawdown limits that protect both trader capital and firm funding. These rules are transparent and help build trader discipline.​

FundedSquad's lower profit target of 6% per evaluation phase coupled with a 6% daily and 12% overall drawdown limit traders offers a more achievable path toward funding and account scaling. This lower threshold makes FundedSquad accessible to traders who prefer modest, consistent gains rather than aggressive targets.​