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 |
|---|---|---|---|---|---|---|---|---|
Dragon Challenge Account | 50k balance for $205 Other account sizes: | 3 steps | 80% by default and up to 90% with scaling plan. | 8% (Phase I). | 5% Maximum Daily Loss. | Forex, Indices, Commodities, Metals and Cryptocurrencies. | Up to 1:30. | 15% Coupon TFTMARCH2 Show Code 15% Off + 150% Bonus based on challenge fee awarded on 2nd payout + 4% Challenge profits from each phase's target profit awarded on 2nd payout on all programs up to 100K of The Funded Trader 1st Payout: 85% / 2nd Payout: 90% / 3rd Payout 95% / 4th Payout and on 80% Expires on: 03/16/2024 15% Coupon CEASER Show Code 15% Off Coupon Code on The Funded Trader |
50k balance for $289 Other account sizes: | 2 steps | 80% by default and up to 90% with scaling plan. | 8% (Phase I). | 5% Maximum Daily Loss. | Forex, Indices, Commodities, Metals and Cryptocurrencies. | Up to 1:200. | 15% Coupon TFTMARCH2 Show Code 15% Off + 150% Bonus based on challenge fee awarded on 2nd payout + 4% Challenge profits from each phase's target profit awarded on 2nd payout on all programs up to 100K of The Funded Trader 1st Payout: 85% / 2nd Payout: 90% / 3rd Payout 95% / 4th Payout and on 80% Expires on: 03/16/2024 15% Coupon CEASER Show Code 15% Off Coupon Code on The Funded Trader | |
Stellar Challenge | 50k balance for $299 Other account sizes: | 1 step or 2 steps | 80% by default and 90% with scaling plan. 15% Profit share from challenge phase. | 1 Step: 10% 2 Steps: 8% (Phase I). | 1 Step: 3% Max Daily Loss (Balance Based). 2 Steps: 5% Max Daily Loss (Balance Based). | Forex, Indices, and Metals. | 1 Step: 1:30 2 Steps: 1:100 | 5% Coupon 5BESTOFF Show Code 5% Off Coupon Code on FundedNext |
E8 Account | 50k balance for$338 Other account sizes: | 2 steps | 80% | 8% for Step 1. | 5% Daily Drawdown. You can scale your overall drawdown up to 14% | Forex, Commodities, Indices, Equities, and Cryptocurrencies. | FX Majors up to 1:100. | 10% Coupon ELLIOTE8 Show Code 10% Off Coupon Code on E8 Funding |
Experienced Trader Account | 50k balance for$349 Other account sizes: | 1 step | 80% from the start. | 10% | 4% Maximum Daily Loss. 6% Maximum Loss. | Forex, Indices, Commodities and Cryptocurrencies. | Up to 1:30. | 15% Coupon MAR1 Show Code 15% Off + 85% Payouts + 120 % Refund Coupon Code on all evaluation accounts of Funded Trading Plus (not available for instant funding program). Expires on: 04/01/2024 10% Coupon 5BEST Show Code 1O% Off Coupon Code on all evaluation accounts of Funded Trading Plus (not available for instant funding program) |
50k balance for €345 Other account sizes: | 2 steps | In non scaled accounts: 80% for the trader. | 10% for Step 1 and 2 in Normal Mode. | Normal Mode: | Forex, Indices, Commodities, Cryptocurrencies and Stocks. | Up to 1:100. | ||
50k balance for $399 Other account sizes: | 1 step | 60% to 80% (depending on the level of scaling plan). | 8% | 5% (Daily drawdown). | Forex, CFDs, Indices, Commodities, Stocks and Crypto. | 1:30. | ||
50k balance for $400 Other account sizes: | 1 step | 75% | 10% | 5% (Daily loss limit). | Forex, Stocks and Crypto. | 1:10 Forex, 1:5 Stocks and 1:2 Crypto. | 10% Coupon EM10OFFSTX Show Code 10% Off Coupon Code on SurgeTrader | |
Instant Funding Account | 50k balance for $559 Other account sizes: | 1 step | 50% to 100% | 9% | 5% Absolute Drawdown | Forex, Crypto, Commodities and Major Index Stocks. | Up to 1:10. | 10% Coupon CTI10% Show Code 10% Off Coupon Code on City Traders Imperium |
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.
