Prop firms with MT5: what to check, and how to journal each account

Prop firm accounts are MT5 accounts with rules. Here is who lists MT5 on their own pages, and how to journal each account on its own.

Why MT5 prop accounts fit a journal

Many prop firm challenges and funded accounts run on MetaTrader 5. If you can open yours in the desktop terminal on a Windows PC, AI Trading Journal can journal it automatically, one journal per account (and one Notion database per account if you connect Notion), with no login shared. The facts below are taken from each firm's own pages (checked on 8 October 2026). Firms change their offers, so confirm in your dashboard.

Firm	Platforms it lists (own pages)	MT5 listed?	Note
FTMO	MT4, MT5, cTrader, TradingView (chosen in the challenge configurator)	Yes	Platform cannot be changed after a trade has been placed on the account
FundingPips	MT5, cTrader, Match-Trader	Yes	Free trial runs on MT5; trial phases expire after 14 days
FundedNext	MT4, MT5, cTrader, Match-Trader (CFDs); other platforms for futures	Yes	Several challenge models with different limits
The5ers	MT5 Hedge listed on its High Stakes page	Yes	Several programs; read the drawdown article for yours

We list a prop firm only if it has a large public review record and we found no regulator warning against it in our searches (8 October 2026). That is not an endorsement, and a missing warning is not proof of safety. Firms can change, so check for yourself before paying any fee.

A page for each firm

Free prop firm tools

Prop firm drawdown calculator: your limits, your floors, your buffer
Prop firm risk calculator: how many losers fit in the buffer
Prop firm challenge tracker: free CSV and Notion setup
Drawdown rules explained
MT5 login guide for prop accounts
What to look for in a prop firm journal

Things we do not do

We do not know any firm's current rules or calculate whether you have breached them. Use your firm's own dashboard for that.
We do not recommend any firm or tell you which to buy, and we are not affiliated with any of them.
The app reads MetaTrader 5 on Windows only; accounts on cTrader, Match-Trader, TradeLocker or futures platforms are not journaled.
Check the firm's rules on third-party software before using any tool.

Challenge fees are real money and prop trading is risky. This page is general information, not trading or investment advice.

Questions to ask before you pay any challenge fee

What exactly are the daily and maximum loss rules, how are they measured, and where are they written down?
Which platforms are available for my account, and can I change platform later?
What are the payout terms, and what conditions must I meet before a payout?
Which instruments and trading styles are restricted?
Is there a rule about third-party software that reads my account?
What happens to the fee if I fail, and is there any refund or reset?
Where do independent reviews, including critical ones, say about payouts and support?

Write the answers in a document and keep it. Rules change, and having the version you agreed to is useful if something is later disputed. The drawdown rules guide explains the definitions to look for.

What reviews can and cannot tell you

Source	Useful for	Limits
Review sites such as Trustpilot	Spotting a pattern of complaints, especially about payouts or support	Self-selected, unverified, and companies can pay for business features
The firm's own pages	The current rules, platforms and terms	Written by the firm; may differ between pages
Regulator warning lists	Seeing whether an authority has issued a warning	The industry has no single regulator, so the absence of a warning is not a clean bill of health
Other traders' payout reports	Evidence about payouts in practice	Anecdotal; check dates and whether the claims are specific

Records to keep for each phase

Phase	Keep
Before paying	The rules page as you saw it, the date, and the fee
Challenge	Every trade, daily buffer, plan followed, any rule you came close to breaking
Verification	The same, plus how the rules differ from the first phase
Funded	Trades, payout requests and dates, any change in rules
After a failure or a payout	A short post-mortem: what worked, what nearly failed, what you would change

Prop trading is risky, and fees are real money. A journal cannot make a challenge easier, but it can make your own behaviour visible, which is where most failures begin. The challenge tracker has a free CSV, and the prop firm journal guide explains what to look for in a tool.

Why we list only some firms

We read each firm's own pages and its public reviews, and we search for payout complaints and regulator warnings before we write about it. We have left out firms where Trustpilot showed a guidelines-breach warning or where reports of payout disputes were widespread, and we may add or remove firms as things change. A firm's absence from this page is not a statement about it, and its presence is not a recommendation.

If you have a question this page does not answer, read the MT5 login guide for logging in correctly and the risk calculator for turning a buffer into a number of trades.

A one-page checklist to fill in for each firm

Copy this table into a note or a spreadsheet and fill it in from the firm’s own pages before you pay. Leaving a row blank is useful information too: it means you have not found the answer yet.

Row	What to write	Where to find it
Firm and program name	The exact names, as shown on the checkout page	The firm’s program page
Platform	Whether the account runs on MetaTrader 5 on Windows	The platform line on the program page
Daily and maximum loss	Your firm’s figures, how each is measured and when it resets	The rules page and your own dashboard
Profit target and time limit	The target for each phase and any deadline	The program page
Payout terms	When and how a payout can be requested, and any conditions	The firm’s payout or help pages
Date checked	Today’s date	You
Independent reviews	Both the praise and the complaints, with dates	A review site and search results

Fill it in once, date it, and put the same details in the first note of the account’s journal. Rules change, so a dated record settles any later disagreement about what the firm said when you signed up. The free challenge tracker has a ready-made sheet for the day-by-day part.

Frequently asked questions

Which prop firms offer MT5?

According to their own pages, FTMO, FundingPips, FundedNext and The5ers all list MT5. Confirm in your own dashboard, and do your own checks on any firm before paying a fee.

Can I journal a prop firm account on MT5?

Yes, if it runs on the MT5 desktop terminal on your Windows PC. Check the firm's rules about third-party software first.

Does the app track my firm's drawdown limits?

No. It records trades and shows maximum drawdown from closed trades, but it does not know your firm's rules.

Related guides

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