Do you dislike challenges or evaluations? You want to trade on a live account immediately after paying the fee? Here are my top picks for the best proprietary trading firms that offer instant funding.
The truth is that for many people it is often tedious to have to take an assessment in order to qualify for a funded account for trading. However, I have reviewed a wide variety of companies over the past few years, and I can speak with certainty about the reliability of some companies that offer you an account without evaluation. Here are some of the best:
Best No Evaluation Prop Firms in 2024
Propietary Trading Firms | Access Fee | Main Features | |
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For $225 a balance of $5,000 For $450 a balance of $10,000 For $1,125 a balance of $25,000 For $2,250 a balance of $50,000 For $4,500 a balance of $100,000 Up to $2,500,000 Scaling plan |
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For $200 a blance of $3,500 For $550 a balance of $10,000 For $750 a balance of $15,000 For $1200 a balance of $22,500 Up to $5,760,000 Scaling plan |
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For £197 a balance of $6,000 For £297 a balance of $15,000 For £577 a balance of $30,000 Up to $2,000,000 Scaling plan |
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For $299 a balance of $5,000 For $599 a balance of $10,000 For $1,499 a balance of $25,000 For $2,999 a balance of $50,000 For $4,499 a balance of $75,000 For $5,999 a balance of $100,000 Up to $2,000,000 Scaling plan |
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How did we select the best Instant Funding Prop Firms?
This table compares the most important features of these proprietary trading firms with instant funding.:
Propietary Firm | Access Fee | Profits | Profit Target | Max. Drawdown | Time Limits | Financial Instruments | Leverage | |
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For $225 a balance of $5,000 For $450 a balance of $10,000 For $1,125 a balance of $25,000 For $2,250 a balance of $50,000 For $4,500 a balance of $100,000 Up to $2,500,000 Scaling plan | At the start 80%. After making a profit of 20%, reach 90%. And 100% after making a profit of 30%. | None. 10% to the next level of the scaling plan. | 6% (reduction from the maximum account balance level). | No limits of trading days. | Commodities, Forex, Indices and Cryptocurrencies. | 1:30 | ||
For $200 a blance of $3,500 For $550 a balance of $10,000 For $750 a balance of $15,000 For $1200 a balance of $22,500 Up to $5,760,000 Scaling plan | In level 1, 50%, up to 80% in level 7 | 10% | 6% (of the balance of each level ). | No time limits. | Forex, Indices, Commodities and Metals. | Up to 1:100 | ||
For £197 a balance of $6,000 For £297 a balance of $15,000 For £577 a balance of $30,000 Up to $2,000,000 Scaling plan | 50%, reach 90% with scaling plan | 10% | 5% Max drawdown on Level 1-2 of the scaling plan. 7% on Level 3-4. 10% on Level 5-6. | 90 days. | Forex, Crypto, Indices and Commodities. | Up to 1:100 | ||
For $299 a balance of $5,000 For $599 a balance of $10,000 For $1,499 a balance of $25,000 For $2,999 a balance of $50,000 For $4,499 a balance of $75,000 For $5,999 a balance of $100,000 Up to $2,000,000 Scaling plan | 60% up to 100% on maximum level of the scaling plan | No target for payments. 10% to advance in the scaling plan. | 5% from initial balance. | No time limits to trading days. | Forex, Crypto, Indices and Commodities. | 1:10 |
Are no evaluation Prop Firms legal?
Many people wonder if non-evaluation prop firms are legitimate and do not carry any risk when trading through them, which is an understandable fear.
However, these instant funding prop firms are totally legal and reliable. In fact, if you take a short tour through some of the reviews of these firms you can find a lot of details and analysis that support their credibility. And, if that’s not enough, you can go directly to the websites of each of these companies, and get all the legal information regarding how they work and the laws that support them
What is the best prop trading firm with instant funding?
There are many prop trading companies on the market today, and it can be difficult to choose the one that is best suited for your needs. You will have fewer options if you’re looking for instant funding prop firms. Most well-known companies, such as FTMO Topstep and The Funded Trader, require you to complete an evaluation phase or challenge before you can access a funded accounts. Most of the time, the evaluation phase is divided into two stages, each with a different level of requirements. This means that it can take a while to reach a substantial balance to begin trading.
There are less reliable prop traders who want to trap the trader into an endless evaluation or an impossible challenge in order to make money from initial fees. It is important to choose prop trading firms that are aligned with your interests and have extensive experience.
It is easier for a company to earn money if there isn’t an evaluation phase. They can only fund traders who are truly profitable.
At opinatron.com we try to help you find the best proprietary trading firms. The table above shows my list of the best instant funding prop firms. In order to reach this conclusion , I thoroughly analysed and tested a variety of prop trading companies. I also sought out the opinions of other traders in order to learn about their experiences working with these firms.
When I was comparing the two tables, my main criteria were:
- Reputation the proprietary trading firm.
- Access requirements for a real-money funded account, and the objectives to be met.
- The trading rules are simple.
- The quality of customer support service.
- Tradeable financial instruments. Speed of execution.
- Profit from payments made on time without any complications.
If you are looking for a Prop Firm without Evaluation Process the best option I think is Funded trading Plus. This prop firm, registered in London UK, has good ratings on Trustpilot and offers one of most competitive instant funding programs (also offers two-stage evaluation account) with payouts each week, generous profit sharing up to 100% for the trader, simple trading rules, and a scaling program. FTUK is a London-based funder with simple trading rules. It offers two programs for different traders (low-risk mode or aggressive mode) as well as a profit share that begins at 50% and ends at 80%. There is also the FundYourFX, which is located in the UK and has no assessment. To be able work with their funded account instantly, you just have to meet the risk target and be profitable. City Trades Imperium is a prop-trading firm in Dubai, United Arab Emirates, that offers instant funding on Forex, cryptocurrency, commodities and indices, with a 60% to 100% profit share and accounts without requiring monetary challenges up to $2,000,000.
You can see that most of these firms are specialized in Forex. However, some offer other financial instruments like indices or cryptocurrencies. If you’re interested in these assets here’s a list for example of the best prop firms for cryptocurrencies or best prop trading firms for futures.
Prop firms that do not require an evaluation process will charge higher access fees than those who require you to complete a challenge before they can fund your account. You can find the list of lowest-priced prop firms here: Cheapest Prop Trading Firms. You can see that the more steps there are in the evaluation, the cheaper the prices tend to be. You may also find it useful to check out our prop firms discounts section where you will find coupons and offers to save on the purchase of any challenge.
Hello, I’m Adrian Perez. Passionate about online businesses, in which I have been working professionally since 2008, and a self-taught investor with more than 10 years of experience. I collaborate on several financial websites and on Opinatron.com I try to publish valuable content related to these topics based on my knowledge and personal experience. These contents should in no way be considered investment advice nor do I offer any type of financial advice. I hope they are useful to you but you are the one who must make your own investment decisions and you are responsible for those decisions. If necessary, seek independent financial advice.