Unlike a couple of years ago, there are now a large number of proprietary trading firms on the market. Each of them has its own characteristics, trading rules, profit split schemes and access prices to their funded accounts, so finding the cheapest prop firm is not an easy task.
Moreover, not all prop trading firms are reliable. Some of them will immerse the trader into a never-ending challenge with the sole aim of keeping their access fees instead of testing their strategy and risk control and then letting them manage their capital in a live account and mutually profit from it.
To help you find the cheapest prop firms we have put together this comparison table where we list only the most reliable and reputable prop firms among traders around the world. To make it easy for you to compare them and find the one that best suits your preferences we have included their main features and pricing plans focusing on the access fee of an average account with a funded capital of $50,000.
We will make a separate comparison between those prop trading firms with a one-off payment for accessing the evaluation process and those with a monthly recurring payment.
| Prop Firm | 50k Balance / Fee | Challenge Steps | Profit Split | Profit Target | Max. Drawdown | Instruments | Leverage | Visit |
| 50k balance for $205 Other account sizes:
5k balance for $49
10k balance for $99
25k balance for $135
100k balance for $355
200k balance for $495 | | 80% by default and up to 90% with scaling plan. | 8% (Phase I).
5% (Phase II).
5% (Phase III). | 5% Maximum Daily Loss.
10% Maximum Loss. | Forex, Indices, Commodities, Metals and Cryptocurrencies. | | 15%
OFF
+
85%
PAYOUT
+
120%
BONUS Coupon 15% Off + 85% Payout + 120% Bonus on all challenges of The Funded Trader More Less
15% Off Coupon Code on The Funded Trader More Less
|
| 50k balance for $289 Other account sizes:
100k balance for $489
200k balance for $939
300k balance for $1399
400k balance for $1869 | | 80% by default and up to 90% with scaling plan. | 8% (Phase I).
5% ( Phase II). | 5% Maximum Daily Loss.
10% Maximum Loss. | Forex, Indices, Commodities, Metals and Cryptocurrencies. | | 15%
OFF
+
85%
PAYOUT
+
120%
BONUS Coupon 15% Off + 85% Payout + 120% Bonus on all challenges of The Funded Trader More Less
15% Off Coupon Code on The Funded Trader More Less
|
| 50k balance for $299 Other account sizes:
6k balance for $59
15k balance for $119
25k balance for $199
100k balance for $519
200k balance for $999 | 1 step or 2 steps
(same price with different trading rules) | 80% by default and 90% with scaling plan. 15% Profit share from challenge phase. | 1 Step: 10% 2 Steps: 8% (Phase I).
5% ( Phase II). | 1 Step: 3% Max Daily Loss (Balance Based).
6% Max Overall Loss. 2 Steps: 5% Max Daily Loss (Balance Based).
10% Max Overall Loss. | Forex, Indices, and Metals. | | 5% Off Coupon Code on FundedNext More Less
|
| 50k balance for$338 Other account sizes:
25k balance for$228
100k balance for$588
250k balance for $988 | | | 8% for Step 1.
5% for Step 2. | 5% Daily Drawdown.
8% Overall Drawdown. You can scale your overall drawdown up to 14% | Forex, Commodities, Indices, Equities, and Cryptocurrencies. | FX Majors up to 1:100.
FX Exotics up to 1:50.
Commodities and Indices up to 1:50.
Cryptos up to 1:5. | 10% Off Coupon Code on E8 Funding More Less
|
| 50k balance for €345 Other account sizes:
10k balance for€155
25k balance for€250
100k balance for€540
200k balance for €1080 | | In non scaled accounts: 80% for the trader.
In scaled accounts: 90% for the trader. | 10% for Step 1 and 2 in Normal Mode.
20% for Step 1 and 10% for Step 2 in Aggressive Mode. | Normal Mode:
5% Maximum daily loss.
10% Maximum loss.
Aggressive Mode:
10% Maximum daily loss.
20% Maximum loss. | Forex, Indices, Commodities, Cryptocurrencies and Stocks. | | |
| 50k balance for $399 Other account sizes:
10k balance for $99
20k balance for $179
100k balance for $999 | | 60% to 80% (depending on the level of scaling plan). | | 5% (Daily drawdown).
10% (Max trailing drawdown). | Forex, CFDs, Indices, Commodities, Stocks and Crypto. | | |
| 50k balance for $400 Other account sizes:
25k balance for $250
100k balance for $700
250k balance for $1.8k
500k balance for $3.5k
1m balance for $6.5k | | 75%
(or 90% with add-on purchase) | | 5% (Daily loss limit).
8% (Max trailing drawdown). | Forex, Stocks and Crypto. | 1:10 Forex, 1:5 Stocks and 1:2 Crypto. | 10% Off Coupon Code on SurgeTrader More Less
|
| 50k balance for $559 Other account sizes:
$10,000 balance for $159
$25,000 balance for $299
$75,000 balance for $799
$100,000 balance for $949 | | | | | Forex, Crypto, Commodities and Major Index Stocks. | | 10% Off Coupon Code on City Traders Imperium More Less
|
As you can see with the above data it is easy to quickly define which is the cheapest prop firm. If we base it only on the price, we could say that the cheapest one is the first in the list and that is because its price is the cheapest but it is also the one with the longest challenge and with more steps. That is why it is good that you compare all the options and choose the one that can be more balanced for you and your characteristics as a trader.
On our website you can also see this comparison of the best no evaluation prop firms with instant funding. The prices are usually higher than those offered by these proprietary trading firms with evaluation but in exchange you can start trading on a funded account from the very first moment.
FAQs
Top Best Cheapest Prop Trading Firms
- 1) Funded Trading Plus.
- 2) FTMO.
- 3) TopStepTrader.
- 4) Fidelcrest.
- 5) LuxTradingFirm.
- 6) OneUp Trader.
- 7) FTUK.
- 1) Funded Trading Plus.
FTUK is a reputable prop firm with instant funding accounts, which attracts seasoned traders who want to access large trading capital without a lengthy evaluation process. The funding range is from 14k to 5 million USD with a profit share of 80% and maximum leverage of 1:100.
Is TopStep better than take profit trader? ›
Take Profit Trader is lauded for its 80% profit share and the allure of instant withdrawals, providing traders with rapid access to their earnings. Although TopStep offers a slightly higher profit split of 90%, the ease and immediacy of fund access at Take Profit Trader give it a competitive edge.
Which is the most trusted prop firm? ›
The most popular prop trading firms and funded programmes
- Axi Select.
- FTMO.
- The Forex Funder.
- E8 Markets.
- The 5%ers.
- Funded Next.
- Funded Trading Plus.
One way to start prop trading without paying a dime is to enter trading contests, where you can compete with other traders and show your skills. These are great opportunities to test your trading strategies, get feedback, and win prizes. Monitor or research different prop firms to see who offers this opportunity.
Which prop firm has zero commission? ›
At the forefront of cost-saving measures is FXIFY, a prop firm that boasts zero commissions on forex trades. The offering helps traders who want to keep overheads to an absolute minimum. The commission-free trading structure is available for all instruments except for stocks CFDs, which incur a rate of 0.35% RT.
Which prop firm has 0 minimum trading days? ›
If you want prop firms with no minimum trading days, Smart Prop Trader is the right choice.
Which prop firm gives real money? ›
Prop Trading Firms with Real Capital
| Proprietary Trading Firm | Provided with Real Capital |
|---|
| FunderPro | ✅ |
| Funding Pips | ❌ |
| FXIFY | ❌ |
| Glow Node | ❌ |
32 more rowsThere is nothing inherently scammy about the business model of prop firms. But how do they make money then? For starters, prop firms, of course, do not give money to just anyone who asks. Typically, they have a multi-stage evaluation process to make sure the traders they employ know what they are doing.
What happens if you lose Topstep money? ›
If, while trading, the account balance falls below the minimum account balance displayed on your Trader Dashboard, you will be pulled from your trades right away, your account will be liquidated, and the rule will be broken.
Top 3 Competitors & Alternatives to topstep.com
topsteptrader.com , with 1.57M visits, 29 authority score, 37.34% bounce rate. quantower.com , with 194.49K visits, 32 authority score, 50.61% bounce rate. tradovate.com , with 2.99M visits, 40 authority score, 42.12% bounce rate.
Can traders be millionaires? ›
In conclusion, while it is possible to become a millionaire through forex trading, it is not a guaranteed path to wealth. Achieving such financial success requires a combination of education, skills, strategies, dedication, and effective risk management.
What is the best prop firm in 2024? ›
Quick Look: Best Prop Trading Firms
- Best for Beginner Futures Traders: Apex Trader Funding.
- Best for Experienced Traders: FXIFY.
- Best for Stock Traders: Trade the Pool.
- Best for Experienced and Beginner Forex, Indices and Metal Traders: The 5ers.
- Best for All Futures Traders: BluSky.
Apex Trader Funding is the best futures prop trading firm on this list for a variety of reasons, but most notably because it boasts the highest pass rate for its evaluation program out of all the futures prop firms on this list. It is also by far the most friendly option for beginner futures traders.
What is the fastest prop firm payout? ›
Funding Pips and Maven lead the rankings with the most frequent pay-outs, offering transactions every 5 days. Close behind, Traddoo and Funded Trading Plus offer weekly pay-outs. Smart Prop Trader, with its 12-day pay-out cycle, caters to those with a trading style that can accommodate less frequent access to funds.
Which stock trading platform has the lowest fees? ›
Fidelity: Best Low-Cost Online Broker
- Account Minimum: $0.
- Fees: $0 for stock/ETF trades, $0 plus $0.65/contract for options trades.
Performance Fees/Profit Splits
The amount of profit split greatly depends on the prop firm you're working with, but it typically ranges from 50%-90%. For example, if you were working with a prop firm on a 90% split and made a $10,000 profit that month, you'd keep $9000, and the prop firm will take $1000.
Which prop firm is better than FTMO? ›
FTMO 's top competitors in May 2024 are: FunderPro, the5ers and more. FunderPro is currently rank as the number one on the list of top Forex Prop Firms.
What is the cheapest prop firm challenge 5k? ›
Overview. The 5%ers is a prop firm that offers traders the opportunity to trade with a funded account. They have different account types, but their most affordable option is the Mini account, which costs $249. This account comes with a virtual account of $10,000, making it an attractive choice for traders on a budget.
