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Trader's Playbook

Research, analysis, and guides for funded traders. 110 articles, every claim verified from primary sources.

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Guides

The June 2026 Rule-Change Report: What We Found When We Re-Read the Documents

June 2026: 112 material score moves across ~25 firms. The finds that matter — FTMO's equity-basis "static" drawdown, The5ers' first-four payout ramp, CTI's no-cap clearance, and Apex's default-product ruling.

Jul 2, 20264 min read
Guides

Prop Firm Payout Caps: The Hidden Math Behind Your Take-Home

The profit split gets the marketing. The payout cap quietly decides your real take-home. Here is how the three cap structures work across the prop-firm set — and how to read the one that actually binds.

Jul 2, 20263 min read
Traders Playbook

Topstep vs Apex Trader Funding (2026): Which Futures Prop Firm Actually Wins?

Topstep and Apex are the two biggest names in futures prop trading — and they fail traders in opposite ways. One has the safer drawdown but harsher payout caps; the other pays 100% but can wick you out mid-trade. Here is the honest head-to-head.

Jun 17, 20262 min read
Traders Playbook

Apex Relaunched as "The All New Apex." We Re-scored It.

Apex Trader Funding rebuilt its entire product line in March 2026 — one-time fees, two drawdown models, no payout denials. We re-scored it against the new rules. It stays Strong, but the drawdown choice is the whole story.

Jun 17, 20261 min read
Traders Playbook

Why City Traders Imperium Dropped Out of Our Strong Band

City Traders Imperium used to sit at the top of our prop-firm table. A re-score under TVSM-PF v2.0.2 — driven mostly by where the company is actually registered now — moved it from the Strong band to Adequate. Here is what changed and why it matters.

Jun 17, 20261 min read
Traders Playbook

We Cut FundedNext's Score — Here's the Payout Rule Behind It

FundedNext is still a recommendable firm, but we lowered its score after re-reading its payout rules: a small per-request crypto cap, cycle gating, and an offshore multi-entity structure. Here is exactly what moved the number.

Jun 17, 20261 min read
Traders Playbook

Is Alpha Futures Legit? What Its Payouts and 3,600 Reviews Actually Show

Alpha Futures launched in 2024 and already carries one of the cleanest public review records in the futures prop space. Here is what its payout rules, drawdown model, and 3,600 Trustpilot verdicts say about whether it pays.

Jun 17, 20263 min read
Traders Playbook

Who Is James Sixsmith? The Ex-Hockey Player Behind Take Profit Trader

James Sixsmith lost close to $150,000 learning to trade futures before he built Take Profit Trader. Most prop firms hide who runs them — here is why a named, hands-on founder changes how you should read the firm.

Jun 17, 20263 min read
Inside TraderVerdict: How We Test, Rate, and Rank Every Prop Firm — TraderVerdict
Traders Playbook

Inside TraderVerdict: How We Test, Rate, and Rank Every Prop Firm

21 prop firms scored. 3 removed for non-payment. Affiliate revenue does not move scores. Here is how the methodology actually works.

May 1, 20267 min read
Best Charting Platforms for Futures Traders 2026: TradingView vs NinjaTrader vs Sierra Chart — TraderVerdict
Traders Playbook

Best Charting Platforms for Futures Traders 2026: TradingView vs NinjaTrader vs Sierra Chart

Three of the most popular futures charting platforms — all scoring in the Strong band under TraderVerdict's TVSM-PL, but built for very different traders. Here's which one wins for how you actually trade.

May 1, 20268 min read
IC Markets Review 2026 — Who It Serves Well and Who Should Look Elsewhere — TraderVerdict
Traders Playbook

IC Markets Review 2026 — Who It Serves Well and Who Should Look Elsewhere

IC Markets is on every "best broker" list. We tested it on a live account for six months. Here is who it serves well and who should look elsewhere.

May 1, 20266 min read
Machine Learning in Futures Trading: What Works, What's Hype, and Where to Start — TraderVerdict
Traders Playbook

Machine Learning in Futures Trading: What Works, What's Hype, and Where to Start

Most retail ML projects in futures fail in the same three places. We name them. Then we describe what actually works at retail scale.

May 1, 20268 min read

Regulatory references

Posts touching prop firms, futures, or live trading reference CFTC, NFA, FCA Register, and the CME Group rulebook for regulatory and product context.