Prop Firms That Allow News Trading in 2026: The5ers, FTMO, FundedNext, FundingPips & FTM Rules Compared

A trader can have a profitable news strategy and still lose a prop firm evaluation if the firm’s rules do not allow the way that strategy is executed.

That is the important distinction in 2026.

“Does this prop firm allow news trading?” sounds like a simple yes-or-no question, but the answer often depends on the program, account stage, affected currency, timing of the trade, and whether the position was already open before the news release.

CPI, NFP, FOMC decisions, central-bank rate announcements and employment data can create some of the largest intraday price movements in forex, gold and indices. They can also produce spread expansion, slippage and rapid execution that makes a prop firm’s risk rules much harder to manage.

The five firms covered here — The5ers, FTMO, FundedNext, FundingPips and Funded Trader Markets (FTM) — currently publish different approaches to news trading.

For some programs, traders can hold positions through major announcements but cannot open or close trades during a restricted window. Other programs allow news trading but adjust how profits are counted. Some futures programs have no special news restriction at all.

The practical lesson is simple:

Do not choose a prop firm based only on whether it says “news trading allowed.” Check exactly what happens before, during and after the announcement.

This guide compares the current published rules and explains what they mean for traders who use fundamental analysis, news strategies, swing trading or positions that remain open through major economic releases.

Important: Prop firm rules can change. The information below reflects publicly available program rules checked in September 2026. Traders should confirm the applicable firm’s current terms and the rules for their specific account before trading.

Which Prop Firms Allow News Trading in 2026?

News trading is permitted in some form across the firms covered here, but “permitted” does not necessarily mean unrestricted execution during a major announcement.

The distinction between holding a position through news and opening or closing a position during the restricted news window is particularly important.

The differences are significant.

A trader who wants to hold a EUR/USD position through US CPI needs to ask a different question from a trader who wants to open a fresh EUR/USD position 30 seconds before CPI.

The first may be permitted under a firm’s rules while the second may result in a profit adjustment, violation or other restriction.

That distinction becomes even more important once an account moves from an evaluation to a funded stage.

Can You Trade During CPI, NFP and FOMC With a Prop Firm?

In many cases, yes — but the exact answer depends on the account.

CPI, Non-Farm Payrolls and FOMC announcements are among the most important events for traders because they can affect currencies, gold, indices and other instruments within seconds.

For example, FTMO’s current rules allow news trading throughout the Evaluation Process. On a Standard FTMO Account, however, selected news releases are subject to restrictions, while the Swing account has no news-trading restriction. The Standard-account restriction covers opening or closing trades on affected instruments from two minutes before until two minutes after the selected release.

The5ers follows a similar but not identical structure on High Stakes. Traders can hold open positions through news, but orders executed from two minutes before to two minutes after high-impact news are prohibited. Importantly, the restriction is based on when the order actually executes, not when a pending order was originally placed.

FundedNext takes another approach. Its current rules permit news trading but apply a News Reward Share Rule to certain funded accounts. Qualifying profitable trades opened or closed within five minutes before or after a listed high-impact event have only 40% of their profit counted. Losses remain fully applicable.

FundingPips also differentiates between evaluation and Master stages and between account models.

The lesson is that the words “news trading allowed” are not enough information to build a strategy around.

Which Prop Firms Allow News Trading During Evaluation and Funded Stages?

Evaluation rules can be considerably more flexible than funded-account rules.

This matters because traders often develop a strategy during an evaluation and assume the same execution method will remain valid after passing.

That assumption can be costly.

FTMO is a clear example. Its current rules state that the selected-news restriction does not apply during the Evaluation Process. The restriction applies to Standard FTMO Accounts after qualification. FTMO Swing accounts are exempt from the news restriction.

The5ers High Stakes allows traders to hold positions over news in the evaluation and funded stages, but its two-minute execution restriction remains relevant. Its Instant Funding and Bootcamp programs have their own news rules.

FundedNext allows news trading during the Challenge phase and funded stage, but the funded stage introduces the News Reward Share Rule on applicable Stellar accounts.

FundingPips similarly changes the treatment of news between evaluation and Master accounts.

This creates an important planning rule:

Always compare evaluation rules and funded rules separately.

A news strategy that works perfectly during a challenge may produce different payout results after funding.

The5ers News Trading Rules Explained for 2026

The5ers is particularly relevant for news traders because its current product range does not use one universal news rule across every program.

High Stakes, Hyper Growth, Bootcamp and The5ers Futures need to be considered separately.

For High Stakes, the key rule is straightforward: holding an open position through high-impact news is permitted, but executing an order during the two-minute window before or after high-impact news is prohibited.

The5ers states that it uses Forex Factory for its high-impact-news reference and server time for the relevant execution window.

That means the trader needs to understand not just the economic calendar but also the exact execution time of the order.

Can You Trade CPI, NFP and FOMC With The5ers High Stakes?

Yes, but High Stakes is not an unrestricted news-scalping environment.

A trader can have an existing position when CPI, NFP or an FOMC announcement occurs. The important restriction is that an order cannot be executed from two minutes before until two minutes after a high-impact news release.

For example, imagine that US CPI is scheduled for 15:30 server time.

The restricted period is:

15:28 to 15:32

A position opened earlier can remain open through the announcement.

However, if a pending order triggers at 15:29, the execution falls inside the restricted window. The fact that the pending order was placed earlier does not remove the restriction.

This distinction is particularly important for breakout traders.

A common news strategy involves placing:

• ●a buy stop above the market;
• ●a sell stop below the market;
• ●waiting for one side to trigger when the announcement creates a price spike.

That type of execution needs to be treated very differently from simply holding an existing position.

The5ers specifically explains that a pending order that triggers inside the restricted period is considered news trading.

For traders using High Stakes, this means a news strategy should be designed around pre-news positioning and controlled exposure, rather than assuming that any order placed before the announcement will be acceptable.

How Do The5ers’ News Rules Differ Across High Stakes, Hyper Growth, Bootcamp and Futures?

The program matters.

The Futures program is particularly straightforward. The5ers’ current Futures FAQ states that traders can trade during news events without special restrictions around economic releases, provided they follow the other risk and account rules.

For CFD traders, however, the High Stakes rule is the one that deserves careful attention.

Another useful point is that The5ers allows overnight and weekend holding on High Stakes. This can matter to traders whose fundamental strategy is based on holding a position for several sessions rather than attempting to capture the announcement itself.

The current High Stakes structure also includes an unlimited maximum trading period, three minimum profitable days per stage and a defined scaling framework for funded traders.

That combination can change how a trader approaches news.

Instead of needing to force a trade because a major announcement is approaching, a trader with no evaluation deadline can wait for a setup that fits the strategy.

The High Stakes program currently lists a 5% maximum daily loss, 10% maximum loss and 10% Phase 1 target for the New version, followed by a 5% Phase 2 target. The program also defines a profitable day as one producing at least 0.5% of the initial balance in positive closed-position profit.

The Classic and New versions should be checked individually because program specifications can change.

The5ers vs FTMO: How News Trading Rules Compare

The5ers and FTMO illustrate why simply asking which firms “allow news trading” can produce a misleading answer.

Both allow traders to operate around major economic events in certain circumstances, but their restrictions apply at different stages and to different account types.

FTMO’s current rules are especially clear on the distinction.

During the Evaluation Process, traders can trade news regardless of whether they selected Standard or Swing.

After becoming an FTMO Trader, Standard accounts are subject to restrictions on selected high-impact releases. The restriction covers opening or closing positions, including the execution of pending orders, from two minutes before to two minutes after the release.

FTMO Swing is different. The Swing account does not have restrictions on news trading, overnight holding or weekend holding.

The5ers High Stakes also uses a two-minute window, but its structure is different because the firm allows positions to remain open through news while restricting execution during the window.

The practical difference is therefore not simply “The5ers versus FTMO.”

It is:

The5ers High Stakes versus FTMO Standard versus FTMO Swing — and evaluation versus funded stage.

Does The5ers or FTMO Give Traders More Flexibility Around High-Impact News?

There is no useful universal answer because the relevant account type changes the comparison.

For an FTMO Evaluation trader, news trading is currently unrestricted by the selected-news rule.

For an FTMO Standard funded trader, the two-minute restriction becomes important.

For an FTMO Swing trader, the news restriction does not apply.

For a The5ers High Stakes trader, holding through news is allowed, but execution around high-impact releases is restricted.

For a trader who wants to hold positions based on fundamental analysis, these distinctions can be more important than the headline profit target.

A useful comparison should therefore consider:

1. ●Can positions remain open during news?
2. ●Can new positions be opened?
3. ●Can existing positions be closed?
4. ●Can pending orders trigger?
5. ●Does the rule apply during evaluation?
6. ●Does the rule change after funding?
7. ●Are all news releases restricted?
8. ●Which instruments are affected?
9. ●What happens to profits?
10. ●What happens if a stop-loss or take-profit executes during the restricted window?

These ten questions provide a much better framework for comparing prop firms than a simple “news allowed” column.

What Happens If a Trade Opens or Closes During a Restricted News Window?

The consequences vary by firm.

Under The5ers High Stakes, profits generated from prohibited news execution do not contribute toward the target, while losses remain the trader’s responsibility.

FTMO’s Standard funded account has a stricter framework. Opening or closing a trade on an affected instrument during the restricted window can breach the FTMO Account Agreement. FTMO also states that the restriction includes pending-order execution such as Stop Loss and Take Profit.

FundedNext uses a different mechanism. Instead of making all qualifying news execution a simple prohibition, its current News Reward Share Rule means only 40% of profit from qualifying news trades is counted on applicable funded accounts.

FundingPips uses yet another approach. Its Master Account rules can deduct profits from trades opened or closed within the restricted news window, while a position opened at least five hours before the event can qualify for its stated exception.

These differences have a direct effect on strategy design.

A trader should not assume that a stop-loss or take-profit is “just an exit” under every firm’s rules. Some firms explicitly include those executions within the news restriction.

FundedNext, FundingPips and FTM News Trading Rules Compared

The other three firms also demonstrate why program-specific research matters.

FundedNext currently allows news trading in both Challenge and funded accounts, but qualifying news profits are treated differently once funded.

FundingPips uses different rules depending on the model and stage.

Funded Trader Markets currently publishes news trading as unrestricted, although its other trading-conduct and risk rules still apply.

How Do FundedNext’s News Profit Rules Differ From The5ers and FTMO?

FundedNext currently permits traders to trade during news events.

The major distinction appears after funding.

On applicable Stellar funded accounts, a 10-minute window surrounds a listed high-impact news release: five minutes before and five minutes after the event.

If a qualifying profitable trade is opened or closed during that window, only 40% of the profit is counted.

For example, suppose a trader makes $2,000 from a qualifying news trade.

Under the published 40% rule:

$2,000 × 40% = $800

Only $800 of that profit is counted under the News Reward Share Rule.

The trader remains responsible for the entire loss if the trade loses money.

This creates a very different strategic environment from The5ers High Stakes.

The5ers’ High Stakes approach focuses on whether an order executes during the restricted window.

FundedNext allows the trade but changes how qualifying profit is counted.

FTMO Standard, by contrast, restricts opening and closing on affected instruments during its specified window after funding.

None of these systems should automatically be described as “better” or “worse.” They simply create different constraints for different trading styles.

A trader who relies heavily on scheduled-event execution should calculate the economic impact of those rules before choosing an account.

What Are the FundingPips and Funded Trader Markets Rules for News Trading?

FundingPips currently has some of the more detailed model-specific rules in this comparison.

For its 1 Step Flex, 2 Step Standard, 2 Step Flex and 2 Step Pro models, holding positions through news during evaluation is permitted, but deliberately trading news to exploit the release is prohibited.

On Master Accounts, trades opened or closed within five minutes before or after restricted high-impact news can have their profits deducted.

There is also a five-hour exception: a trade opened at least five hours before the event can be closed inside the restricted window and still have its profit count under the published rule.

FundingPips Zero is different. The firm states that holding, opening or closing a position during restricted high-impact news and speeches is not allowed on the Zero Master Account.

This makes the account-model distinction essential.

Funded Trader Markets currently publishes unrestricted news trading across its account types. That means traders do not face the same scheduled-news blackout structure found in some of the other programs.

However, unrestricted news trading does not eliminate market risk.

A trader can still experience:

• ●spread widening;
• ●slippage;
• ●rapid price gaps;
• ●partial or poor execution;
• ●increased drawdown;
• ●unexpected stop execution;
• ●large losses from oversized positions.

The absence of a news restriction should therefore never be confused with an absence of risk.

How News Trading Rules Affect Your Prop Firm Strategy

A prop firm’s news policy can change the way a strategy needs to be executed.

A trader who uses fundamental analysis may not actually need to “trade the news” in the narrow sense. They may enter hours before an announcement and simply want to remain in the position while the market reprices.

That is a fundamentally different use case from placing a straddle seconds before CPI.

Can You Hold a Trade Through NFP or CPI Without Breaking a Prop Firm Rule?

Often yes, but the exact conditions matter.

Consider three examples.

Example 1: Existing EUR/USD position

A trader opens EUR/USD at 12:00.

US CPI is released at 15:30.

The trader keeps the position open through the announcement.

Under The5ers High Stakes, holding the position through the announcement is allowed, assuming all other rules are followed.

FTMO’s evaluation also allows news trading, while an FTMO Standard funded account has the specific restricted execution rule.

FundedNext allows the position to remain open but its funded-account news-profit rule may affect qualifying profit.

FundingPips can allow the position to remain open, with the Master Account rules determining whether profit is deducted based on when the position was opened and closed.

Example 2: Pending breakout order

A trader places a buy stop and sell stop shortly before NFP.

One order triggers immediately after the announcement.

This is much more problematic.

The order has been executed specifically because of the news movement, and several firms have rules that address exactly this situation.

For The5ers High Stakes, the execution would fall inside the restricted two-minute window if it occurs there.

FTMO Standard similarly restricts pending-order execution during its window.

FundingPips specifically prohibits purposely trading news under its relevant models.

The lesson is:

Placing the order before the news does not necessarily make its execution compliant.

Example 3: Stop-loss or take-profit triggers during news

This is one of the most overlooked scenarios.

A trader enters EUR/USD hours before CPI and places a take-profit.

CPI causes a sudden price movement and the take-profit executes during the restricted window.

Under some firms’ rules, that execution can be treated differently from ordinary position holding.

FTMO explicitly includes Stop Loss and Take Profit execution within its Standard-account news restriction.

The5ers likewise states that the rule is based on when a pending order is triggered and executed.

For any prop account, traders should therefore understand how protective and profit-taking orders interact with the news policy.

What Should News Traders Check Before Choosing a Prop Firm?

A good news-trading checklist goes beyond the headline rule.

Before purchasing an evaluation, check these areas.

1. Which calendar is official?

Some firms specify the economic calendar they use to identify restricted events.

FundingPips, for example, states that its dashboard Economic Calendar is the official source for restricted news.

The5ers currently references Forex Factory for its High Stakes news restrictions.

Do not assume that two calendars classify every event in exactly the same way.

2. What is the restricted time window?

A two-minute window is materially different from a ten-minute window.

For example:

The5ers High Stakes: two minutes before to two minutes after high-impact news.

FTMO Standard: two minutes before to two minutes after selected releases.

FundedNext: five minutes before to five minutes after applicable high-impact news for its News Reward Share Rule.

FundingPips Master: five minutes before and after restricted news, with separate treatment for speeches.

3. Does the rule apply to evaluation?

This is one of the most important questions.

A firm can permit news trading during a challenge and restrict it after funding.

FTMO is a clear example of this distinction.

4. Does it apply to pending orders?

If you use breakout strategies, this question is essential.

5. Do Stop Loss and Take Profit count?

Some firms specifically include them.

6. Are losses treated differently from profits?

FundedNext’s model is particularly important here because qualifying profits are adjusted while losses remain the trader’s responsibility.

7. Does the rule apply only to directly affected currencies?

This can materially affect multi-pair traders.

8. What happens to the account after a rule violation?

Possible consequences range from profit deductions to account termination depending on the rule.

9. Does the policy change after funding?

Always compare the evaluation agreement with the funded-account agreement.

10. How does news exposure interact with drawdown?

This is the question that matters most from a risk-management perspective.

A strategy can technically comply with a news rule and still be inappropriate for a particular evaluation if the position size is too large.

The5ers News Trading Strategy: Risk, Execution and Long-Term Account Management

The ability to hold a trade through news is useful only if the trader can survive the volatility that comes with it.

News trading should therefore be approached as a risk-management problem first and an entry problem second.

How Should You Manage Risk When Trading High-Impact News With The5ers?

The first step is to separate permission from risk capacity.

If a prop firm allows a trader to hold through CPI, that does not mean the trader should maintain the same position size they would use during a normal market session.

High-impact announcements can produce:

• ●rapid directional moves;
• ●reversals;
• ●spread expansion;
• ●slippage;
• ●gaps between expected and actual execution;
• ●increased correlation across instruments.

A trader using a $100,000 evaluation might normally risk 0.5% per trade.

That is $500.

If the same position is held through an event capable of moving the market rapidly, the trader should consider whether the potential slippage and volatility are compatible with the firm’s daily-loss and maximum-loss limits.

The practical framework is:

Account risk → position risk → event risk → execution risk.

A compliant trade can still be a poor risk decision.

For The5ers High Stakes, the current published risk limits are 5% maximum daily loss and 10% maximum loss. That does not mean a trader should approach either limit.

A much more robust approach is to establish a personal risk ceiling well below the firm’s hard limit.

For example, a trader might decide:

• ●0.25% normal risk;
• ●0.10–0.15% event risk;
• ●no new execution during restricted news windows;
• ●stop trading after a predefined daily loss.

Those numbers are examples, not The5ers requirements.

The correct level depends on the trader’s strategy, historical drawdown and loss streak.

How Do The5ers’ Evaluation Structure and Scaling Path Affect News Traders Over Time?

The5ers’ High Stakes structure is particularly relevant for traders who prefer a longer-term approach rather than trying to force a challenge quickly.

The current High Stakes program provides an unlimited maximum trading period, although accounts can expire after more than 30 consecutive days without trading activity. The program requires three profitable days in each evaluation stage and uses a 10% Phase 1 target and 5% Phase 2 target on the current New version.

Once funded, the scaling framework becomes a separate part of the trader’s career path.

The current published High Stakes scaling table shows capital increasing through 10% milestones, with account sizes eventually scaling toward $500,000 under that program’s current structure. Profit-share percentages also increase at higher milestones, reaching 100% at specified upper levels.

This matters to a news trader because a long-term account strategy does not need to be based on repeatedly taking maximum risk.

The trader can instead think in stages:

Stage 1: Protect the evaluation

The objective is to reach the target while maintaining enough risk capacity to withstand normal losing streaks.

Stage 2: Protect the funded account

The objective changes from simply hitting a target to producing sustainable profits while respecting the funded-account rules.

Stage 3: Build toward scaling

The focus becomes repeatable performance rather than one large news-day result.

Stage 4: Increase capital allocation

At higher milestones, the trader can potentially operate with a larger account while keeping the percentage risk model consistent.

This is where the difference between news trading as a strategy and gambling on announcements becomes important.

A trader who waits for a small number of high-quality fundamental setups may have a very different risk profile from someone who repeatedly enters positions immediately before economic releases.

The5ers’ current High Stakes structure gives traders room to approach the evaluation on their own schedule, provided they continue to satisfy the program’s activity requirements.

That can be particularly relevant to traders who do not generate valid setups every day.

How to Choose a Prop Firm If News Trading Is Central to Your Strategy

There is no universal “best” prop firm for news trading.

The correct choice depends on what the trader actually means by news trading.

Consider the following profiles.

The fundamental swing trader

This trader enters hours or days before a major event and wants to remain in the position.

The most important questions are:

• ●Can I hold through news?
• ●Can I hold overnight?
• ●Can I hold over weekends?
• ●Does closing during the news window affect profit?
• ●What happens to my stop-loss?

The5ers High Stakes and FTMO Swing are examples of structures where holding through news is an important consideration, although their broader rules are different.

The event trader

This trader specifically enters immediately before or after CPI, NFP or an interest-rate decision.

The most important questions are:

• ●Are new orders permitted?
• ●What is the restricted window?
• ●Do pending orders count?
• ●Are profits deducted?
• ●Does the rule apply during evaluation?

FundedNext, The5ers, FTMO and FundingPips treat this type of activity differently.

The breakout trader

This trader often uses pending orders.

The most important question is:

What happens when my pending order triggers?

This is particularly important because The5ers High Stakes and FTMO Standard both explicitly address pending-order execution around restricted news.

The long-term multi-strategy trader

This trader may use news trades occasionally but does not depend on them.

For this trader, news restrictions may be less important than:

• ●drawdown calculation;
• ●payout rules;
• ●account scaling;
• ●platform availability;
• ●overnight rules;
• ●consistency requirements;
• ●minimum trading days.

This is where evaluating the entire program rather than one feature becomes important.

A Practical News-Trading Checklist Before You Buy a Prop Firm Evaluation

Before purchasing any evaluation, answer these questions in writing.

1. Which economic calendar does the firm use?

2. Which events are classified as high impact?

3. How many minutes before the event is the restriction active?

4. How many minutes afterward?

5. Can an existing position remain open?

6. Can I open a new position?

7. Can a pending order trigger?

8. Can Stop Loss or Take Profit execute?

9. Are profits deducted or is the account breached?

10. Are losses treated differently from profits?

11. Does the rule apply during evaluation?

12. Does the rule change after funding?

13. Does it apply to every instrument or only affected currencies?

14. Which account model am I actually purchasing?

15. Do the news rules fit my normal trading strategy?

If these questions cannot be answered from the firm’s current documentation, that is a reason to investigate further before placing the evaluation order.

Summary

News trading is permitted in some form across The5ers, FTMO, FundedNext, FundingPips and Funded Trader Markets in 2026, but the rules are far from identical.

The biggest mistake is treating “news trading allowed” as a complete answer.

The actual questions are:

• ●Can you hold through the announcement?
• ●Can you open during the announcement?
• ●Can you close during the announcement?
• ●Can pending orders trigger?
• ●Are Stop Loss and Take Profit executions restricted?
• ●Does the rule change after funding?
• ●Are profits deducted?
• ●Are losses still fully applied?
• ●Which instruments and currencies are affected?

For The5ers High Stakes, traders can currently hold positions through high-impact news, while order execution during the two minutes before and after high-impact news is restricted. The5ers also offers different news treatment across its other programs, including unrestricted economic-release trading on The5ers Futures.

FTMO permits news trading during evaluation, while Standard funded accounts have restrictions around selected releases and Swing accounts have no news restriction.

FundedNext permits news trading but applies a 40% profit-counting rule to qualifying high-impact news trades on applicable funded accounts.

FundingPips uses model- and stage-specific restrictions, including a five-minute window on relevant Master Accounts and a five-hour exception for qualifying earlier entries.

Funded Trader Markets currently publishes unrestricted news trading, although traders remain subject to its broader risk and trading-conduct rules.

For traders, the most useful approach is therefore not to ask:

“Which prop firm allows news trading?”

Instead, ask:

“Which firm’s exact news rules are compatible with the way I actually trade?”

That question accounts for execution, risk, drawdown, payout treatment and the transition from evaluation to funded trading.

And for any strategy involving CPI, NFP, FOMC or other high-impact releases, the final step should always be checking the firm’s current official rules immediately before trading. Prop firm policies can change, and an account agreement may contain conditions that differ from an older blog post or third-party comparison.

For more prop firm comparisons, rule breakdowns, scaling guides and trader education, explore Prop Firm Insider.

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