97% lose. The propfirms know it. It's their business model.
You pay an eval ($300-$1,000). You fail. You re-pay. Statistically you cumulate 3-10 evals = $1,500-$10,000 gone before touching real markets. MyForexFunds proved how far it can go: $310M CFTC condemnation in 2025 for systematic re-quote manipulation and capital-fictional copy-trading. FTMO, FundedNext, Topstep, The5ers survive but share the same structural model. We compare them desk-side, without affiliation.
The alternative: learn microstructure first
The book FX Traders vs Brokers ($9.99) dissects propfirms in CH9. The formation Derivatives Trading by Djellal Djouad ($60/month, 5.0/5 on 177 reviews) teaches Bloomberg Pro Terminal, dealer hedging, GEX levels — zero broker or propfirm affiliation.