The Qanba Drone is a great choice for those who want the full arcade experience without spending too much. It strikes a good balance between dimensions, quality and features.
Pro PS3/PS4/PC compatible
This stick is officially licensed by Sony and compatible with the PS4 and the PS3 (there’s a dedicated switch to toggle between the two platforms.). It can also be used on a PC, using the DirectInput standard, but third party software may be needed to get it to work with some games, like Street Fighter V.
Con Modding is not easy (but at least it's possible)
While it is possible to mod this controller, doing so is much more complicated that with most premium controllers. The buttons are relatively easy to replace, but you will need to swap the wiring harness if you want to replace the joystick. Despite these difficulties, it is worth noting that other budget controllers usually don't allow any modding at all.