Q1 2026 Pass Rate Data: Who's Actually Funding Traders
By The Prop Table Editorial Team
Direct Answer
Across 4,200 self-reported Q1 2026 evaluations, the average Phase 1 pass rate is 38%, Phase 2 is 47% of those, and only 21% of funded traders reach a first payout. FTMO and Topstep lead funded-to-payout conversion; aggressive scaling firms show the largest gap between pass and payout.
Self-reported data, methodology disclosed in the appendix. Not financial advice.