What’s The Easiest Prop Firm To Pass? Try These Challenges - FundingTraders Blog (2024)

Looking for the easiest prop firm to pass? Try these unique challenges to get funded for forex trading. Prop firms have become increasingly popular – with retail traders looking for profitable opportunities in forex. Keep in mind, the easiest prop firms are not always reliable, primarily due to lower profit splits, strict trading rules, and poor payout cycles. While these prop firms may provide a funded account without evaluation, traders may not receive fair & competitive trading conditions.

Instead, join the best FX prop firms – who utilize challenges to fund skilled, profitable, and experienced traders. These prop firm evaluations are straightforward to complete for traders with competitive skills. Of course, traders with strong risk management tactics, unique strategies, and a disciplined approach will also excel in these challenges.

As an experienced forex trader yourself, consider these straightforward prop firm challenges to get funded for forex trading. Funding Traders offers a variety of challenges with transparent rules, easier conditions, and realistic goals. In addition, our one and two-step evaluations feature:

  • Zero Commission
  • Support for Weekend/Overnight Holding
  • No Minimum Trading Days
  • News/Copy Trading Supported
  • EA/Bot Support On Challenge Accounts

Read on to learn more about the easiest prop firm challenges to pass for a funded account.

Small Funded Account Challenges

Start off with a small funded account challenge from the easiest forex prop firm. In the beginning, you may be tempted to dive right into a larger evaluation – and maximize prop firm funding. Of course, it is highly advised to start off with a smaller, more manageable challenge – especially for beginner forex traders.

These easier prop firm evaluations give you time to get familiar with the drawdown limits, rules, and profit targets. With more familiarity with the requirements, you’ll improve your skills and become more confident in your forex trading abilities. Additionally, smaller challenges empower you to learn from potential mistakes – without risking significant capital in the process.

> At Funding Traders, you can start with a small $5,000 or $10,000 account challenge to get funded.

After passing a smaller account challenge, continue to leverage forex prop firm scaling plans to increase your capital – all the way up to $2M. Certainly, try small-funded account evaluations from the easiest prop firm.

No Time Limit Prop Firm Challenges

In addition, some of the easiest prop firms offer no time-limit funding challenges. In these evaluations, you’re still required to meet profit targets and sustain minimal losses. However, there are no rigid time restrictions – providing you with a flexible, indefinite trading period.

Trade without overwhelming time pressures to achieve your desired targets. Of course, some of these easier prop firm challenges still require minimum trading days – requiring you to prove your skills over a period of time.

> With Funding Traders, take advantage of the no-time limit rule across a wide range of challenge accounts.

This way, you can avoid rushing to impulsive decisions without a thorough analysis of each trade. Plus, the no-time limit prop firms eliminate psychological factors – including anxiety, frustration, and fear.

Surely, try a no-time-limit challenge with the easiest forex prop trading firms.

One-Step Prop Firm Challenges

Try one-step funding challenges from the easiest prop firms. These challenges are ideal for traders that can confidently meet consistent profit targets – while following stringent risk management guidelines.

The single-phase evaluation reduces the time to complete the challenge and get a funded account. Of course, you can still take as much time to meet the required profit targets. To successfully pass the one-step challenge easily, avoid any malicious practices restricted by your prop firm.

Meet Funding Traders’ one-step evaluation rules to effectively manage risks and pass the challenge:

  • Reach a 10% profit target in relation to your starting account balance
  • Maintain a 5% maximum loss on the initial account balance (trailing)
  • Keep the risk per trade below 2%

During the 1-step prop firm challenges, many traders may prefer EAs/bots. While Funding Traders supports EAs/bots, you should avoid off-the-shelf EAs marketed to complete prop firm evaluations. Instead, traders are encouraged to rely on EAs with strong risk management to streamline their trading strategies during a 1-step challenge. Definitely, consider challenges with the easiest prop firms to get funded.

Two-Step Prop Firm Challenges

Next, you can also select a two-step evaluation with the easiest prop firm for forex funding. These challenges include two evaluation stages to test a trader’s skills in realistic conditions. Typically, prop firms use two separate evaluations to fund disciplined, skilled, and profitable traders – looking to work in a risk-controlled environment.

During the first stage, you are required to maintain predefined profit targets, drawdown limits, and maximum loss on the initial account balance. In the second stage, you move on to the verification challenge – designed to evaluate your consistency during changing market conditions. Typically, the verification stage requires a comparatively smaller profit target to complete the challenge.

For easy onboarding, Funding Traders offers realistic evaluation milestones with the two-step challenge account.

  • Profit Target (Phase 1): 10%
  • Profit Target (Phase 2): 5%
  • Daily Drawdown: 5%
  • Maximum Drawdown: 4% (Static)

>Leverage the no-time limit rule to complete both evaluation stages without any time restrictions.

Definitely, sign up for the easiest two-step prop firm evaluation to get a funded account.

Elite Funded Account Challenges

Complete the exclusively available elite-funded account challenges from the easiest prop firms. These groundbreaking challenge accounts are available for serious traders – ready to prove their profitability on a bigger account. The $1 million Elite-funded accounts stand out as a unique opportunity to showcase advanced trading skills. To pass the challenge, traders must follow the minimum & maximum trading days limit. Plus, you must implement sound risk management strategies and stop loss parameters for consistent progress toward profit targets.

Funding Traders’ Elite account challenges start with a one-on-one consultation with our ex-Wall Street trader, CEO. During this initial incubation period, you can learn about the challenge account, trading objectives, and other institutional-level opportunities.

Choose between a 1-step or 2-step evaluation process and meet these milestones to complete the $1 million elite-funded account challenge.

2-Step

  • Profit Target (Phase 1): 10%
  • Profit Target (Phase 2): 5%
  • Max. Daily Loss: 5%
  • Max. Overall Loss: 10%
  • Min. Trades: 20 for swing traders / 50 for day traders / 100 for scalpers
  • Min. Trading Period: 2 months
  • Max. Trading Period: 6 months

1-Step

  • Profit Target: 10%
  • Max. Daily Loss: 4%
  • Max. Overall Loss: 5%
  • Min. Trades: 20 for swing traders / 50 for day traders / 100 for scalpers
  • Min. Trading Period: 2 months
  • Max. Trading Period: 6 months

>Upon meeting the consistent profit targets, you can also scale your Elite account to a $2 Million funded capital account.

Manage your position sizes effectively to manage a substantial $1 million challenge account. A structured position scaling plan may help progress gradually, meet profit targets, and limit risk per trade – making it easier to complete the challenge. Plus, you must monitor your performance and optimize trading strategies to increase your chances of completing the evaluation. Definitely, try the Elite $1M challenges from the easiest forex prop firms.

Find the easiest prop firm challenges to pass for forex trading. Start your trading journey with small challenge accounts for more manageable, realistic, and easier profit targets. The best prop firms offer no-time limit evaluation rules to help traders achieve challenge milestones in an indefinite time.

Based on your risk tolerance and trading goals, you can also select between 1-step and 2-step prop firm challenges – with varying profit targets. Or, apply for $1 million funded account challenge to get funded with a bigger funded account for forex trading.

Ready to start your trading journey? Click here to join the easiest prop firm challenge to pass for forex trading.

What’s The Easiest Prop Firm To Pass? Try These Challenges - FundingTraders Blog (2024)

FAQs

How to pass prop firm challenge quickly? ›

Tips for Passing a Prop Firm Trading Challenge
  1. Understand the Rules of Engagement: ...
  2. Master Your Trading Strategy: ...
  3. Risk Management is Non-Negotiable: ...
  4. Leverage Your Analytical Skills: ...
  5. Stay Disciplined and Patient: ...
  6. Continuous Learning is the Key: ...
  7. Embrace Feedback and Adapt: ...
  8. Simulate Real Trading Conditions:
Feb 5, 2024

What percentage of traders pass the prop firm challenge? ›

That result should look catastrophic for anyone who hopes to join a prop firm. The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

What prop firm has the fastest 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.

How long does it take to pass the prop firm challenge? ›

For most funded trading accounts, it takes around four to five months to pass the screening process or prop firm trading challenge, before funding will be allocated to a trader. However, some prop firm challenges can be passed in a much shorter time, in as little as two days, though this involves using increased risk.

How to pass a 5k funded challenge? ›

Challenge Assessment

To pass the FTP $5,000 account evaluation you need to make a minimum profit of $250 within 14 days while not exceeding a 20% max loss limit if trading forex pairs or 10% loss limit if trading other markets. If successful, traders keep 85% of all subsequent profits made.

How to pass the funded account challenge? ›

You need to have a solid understanding of how to manage risk in order to succeed. This involves setting stop losses, using leverage appropriately, and having a solid understanding of market trends. Keep in mind that the goal is not to make a quick profit, but to sustainably grow your account over time.

Why do most people fail prop firm challenges? ›

The most common reasons traders fail prop firm challenges are simply overleveraging their trades, not understanding the rules, and not having a profitable trading strategy. In this article, we'll break down the 6 most common reasons traders fail prop firm challenges and what you can do to avoid this happening to you.

How many people fail the FTMo challenge? ›

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

Are prop firm challenges worth it? ›

Participating in a Prop Firm Challenge can be a stepping stone to a successful trading career. The benefits, including improved skills, access to capital, and networking opportunities, make these challenges an attractive option for traders looking to advance in the industry.

Which prop firm offers instant funding? ›

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.

Which is the most trusted prop firm? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • True Forex Funds.
  • The 5%ers.
  • Funded Next.

Which prop firm has the tightest spreads? ›

Coinexx: Coinexx offers tight spreads starting from as low as 0.0 pips. Providing traders with cost-effective trading conditions. XM: it is recognized for its low spreads, with some of the currency pairs often having spreads as low as 0.0 pips during favorable market conditions.

How to pass prop firm challenge fast? ›

Follow Your Strategy 100%

One of the most crucial aspects of passing a prop firm challenge is having a well-defined trading strategy. A trading strategy is a set of rules that guide your decision-making process in the market. It includes entry and exit criteria, risk management rules, and trade management techniques.

What are the odds of passing the prop firm challenge? ›

With the Prop Firm challenges, it's not just about failing or winning. You must be profitable and fulfill certain trading objectives which makes it even harder. Less than 1% of traders who attempt the challenge pass and get funded.

How many traders pass prop firm challenges? ›

How Many Forex Traders Get Prop Firm Funded Accounts? It's hard to be entirely sure of how many traders are failing prop firm challenges across the industry, but we have a pretty good idea! We estimate that around 5% of forex traders are actually obtaining funded accounts.

What is the success rate of prop firm evaluation? ›

It is estimated that only 4% of Forex traders succeed with prop firm challenges, and only 1% of traders can generate profits consistently without violating any rules.

How to pass prop firm evaluation? ›

By perfecting your trading plan, practicing consistently, mastering risk management, developing emotional discipline, keeping detailed records, and learning from your mistakes, you can significantly enhance your chances of success in these assessments.

What is the best strategy for a prop firm? ›

2. Trend Following. Considered the most intuitive prop trading strategy, trend following involves examining the historical performance of a stock, industry or index as a whole and then using established trends to make trade decisions on buying and selling in the current environment.

What happens if you pass the prop firm challenge? ›

Upon successfully passing a Prop Firm Challenge, traders may be required to fund their trading accounts with an initial amount. The firm may also have scaling plans that determine how much capital traders can access based on their performance. Understanding these conditions is vital for your success in the challenge.

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