Are forex funded accounts actually legit in 2026?

[Amphibology]

I’m trying to understand how prop firms really work. How can they give traders $100k+ accounts and still stay profitable? What’s the actual catch?
I keep seeing names like My Funded Futures, Hola Prime, and Propmaster everywhere lately. are these firms genuinely worth it compared to trading your own capital? would love insights from experts who’s actually used them.

 

[smithanderson]

tbh the “catch” usually isn’t some hidden scam, it’s just math + rules + the fact that most traders break them themselves prop firms make money because a lot of people overtrade, ignore drawdown, or revenge trade after 2 losses. they’re legit if you’re disciplined. if not, you kinda lose the account before the firm even has to do anything lol.

 

[Orthotonic]

They’re not magic money printers. PROP accounts can work if you’re disciplined with risk: overtrade or ignore drawdowns and you’ll blow it just like your own account.

My Funded Futures – Futures-focused, stricter rules, good for rule-based traders.
Hola Prime – More flexible rules and faster scaling, but consistency still matters.
Propmaster – I’d be cautious, I haven’t seen many real user experiences and it feels more like a tool than a true prop firm.

At the end of the day, prop firms earn from fees and filtering risk and not from everyone winning. Great for consistent traders, otherwise a small personal account is cheaper tuition.