Cheapest Prop Trading Firms

There are many more proprietary trading firms now than there were a few years ago. There are many proprietary trading firms on the market, each with their own features, rules of trading, profit splitting schemes, and prices for accessing funded accounts. Finding The Cheapest Prop trading firm can be a difficult task.

Not all prop trading firms are reliable. Some firms will put the trader through a never-ending trial with the sole purpose of keeping access fees, rather than letting him test his strategy and risk management and then manage his capital on a real account to mutually benefit.

In order to help you locate the cheapest prop trading firms, we have created a comparison table in which we list only the most reliable prop firms and traders from around the globe. We have listed their main characteristics and pricing plans to make it easier for you to compare and choose the one that suits your preferences.

The cheapest prop firms in 2024

We will compare prop trading firms that charge a single payment to access the evaluation process with those who charge a recurring monthly payment.

Prop firms for a one-time payment:

Propietary Firm Fee to 50k balance Evaluation Steps Profit Profit Target Max. Drawdown Financial instruments Leverage
Dragon Challenge Account
thefundedtrader_logo
For $205 a balance of 50k

Other account sizes:
For $49 a balance of 5k
For $99 a balance of 10k
For $135 a balance o 25k
For $355 a balance of 100k
For $495 a balance of 200k
3 steps
80% and with scaling plan up to 95% .
Phase I -> 8%
Phase II -> 5%
Phase III -> 5%
Maximum Daily Loss: 5%
Maximum Loss: 10%
Forex, Commodities, Indices, Metals and Cryptocurrencies.
Up to 1:30.
Royal Challenge Account
thefundedtrader_logo
For $289 a balance of 50k

Other account sizes:
For $489 a balance of 100k
For $939 a balance of 200k
For $1399 a balance of 300k
For $1869 a balance of 400k
2 steps
80% and with scaling plan up to 95%.
Phase I -> 8%
Phase II -> 5%
Maximum Daily Loss: 5%.
Maximum Loss.: 10%
Forex, Metals Indices, Commodities and Cryptocurrencies.
Up to 1:200.
Stellar Challenge
fundednext_logo
For $299 a balance of 50k

Other account sizes:
For $59 a balance of 6k
For $119 a balance of 15k
For $199 a balance of 25k
For $519 a balance of 100k
For $999 a balance of 200k
same price with different trading rules to 1 step and 2 steps
80% and with scaling plan 90% .

From challenge phase. 15% Profit share
1 Step:

10%

2 Steps:

Phase I -> 8%
Phase II -> 5%
1 Step:

Max Daily Loss: 3% .
Max Overall Loss: 6%

2 Steps:

Max Daily Loss: 5% .
Max Overall Loss: 10%
Indices, Forex, and Metals.
1 Step:

1:30

2 Steps:

1:100
E8 Account
e8_funding_logo
For $338 a balance of 50k

Other account sizes:
For $228 a balance of 25k
For $588 a balance of 100k
For $988 a balance of 2580k
2 steps
80%
Step 1 -> 8%
Step 2 -> 5%
Daily Drawdown: 5%.
Overall Drawdown: 8%.

Your overall drawdown can scale up to 14%
Forex, Equities, Commodities, Cryptocurrencies and Indices.
FX Majors up to 1:100.
FX Exotics up to 1:50.
Commodities and Indices up to 1:50.
Cryptos up to 1:5.
Experienced Trader Account
funded_trading_plus_logo
For $349 a balance of 50k

Other account sizes:
For $119 a balance of 12,5k
For $199 a balance of 25k
For $499 a balance of 100k
For $949 a balance of 200k
1 step
80%.
90% after a profit of 20%.
100% after a profit of 30%.
10%
Maximum Daily Loss: 4%.

Maximum Loss: 6%.
Forex, Commodities, Indices and Cryptocurrencies.
Up to 1:30.
ftmo_logo
For €345 a balance of 50k

Other account sizes:
For €155 a balance of 10k
For €250 a balance of 25k
For €540 a balance of 100k
For €1080 a balance of 200k
2 steps
80% in non scaled accounts.
90% in scaled accounts.
Normal Mode
Step 1 and 2 ->10%.

Aggressive Mode
Step 1 -> 20%
Step 2 -> 10%
Normal Mode:
Maximum daily loss: 5%.
Maximum loss: 10%.

Aggressive Mode:
Maximum daily loss: 10%.
Maximum loss: 20%.
Cryptocurrencies, Forex, Indices, Commodities and Stocks.
Up to 1:100.
thetradingpit_logo
For $399 a balance of 50k

Other account sizes:
For $99 a balance of 10k
For $179 a balance of 20k
For $999 a balance of 100k
1 step
Depending on the level of scaling plan, 60% to 80%.
8%
Daily drawdown: 5%.
Max trailing drawdown: 10%.
Forex, Commodities,CFDs, Indices, Stocks and Crypto.
1:30.

Monthly payment for prop firms:

Propietary Firm Fee to 50k Balance Evaluation Steps Profit Profit Target Max. Drawdown Financial instruments Leverage
topstep_logo
For $165
$49/month a balance of 50k


Other account sizes:
For $325 $99/month a balance of 100k
For $375 $149/month a balance of 150k
1 step
100% of the first $10,000 you generate and 90% from that amount.
6%
Max loss limit: 4% to 3% (the percentage varies depending on the account you choose).
Futures Markets: CME, NYMEX, COMEX and CBOT Exchange
Up to 1:100
apex_logo
For $167/month a balance of 50k

Other account sizes:
For $147/month a balance of 25k
For $187/month a balance of 75%
For $207/month a balance of 100k
For $297/month a balance of 150k
For $517/month a balance of 250k
For $657/month a balance of 300k
1 step
100% of the first $25,000. 90% from that amount.
6% in most accounts (5.66% to 6.66% )
No daily drawdown.
Max trailing threshold: 6% to 2.5%
(the percentage varies depending on the account you choose).
Futures Markets: CME, NYMEX, COMEX, CBOT, EUREX and ICE.
Up to 1:100

Criteria used to choose the cheapest prop trading firm

  • We looked for the prop firms that had the most reliability and good reputation among users.
  • We focused on the terms and conditions of the programs, to determine the loss margins allowed and the goals to be achieved.
  • Whether the firm’s platform provides tools, analytics and data to improve and monitor performance
  • We look at how the profit is shared between the trader and the firm.
  • Of course, the type of financial instrument used, so that it is of interest to the user.

Benefits of a funded account

  • You can increase the size of the account according to the good performance you have.
  • You have an established risk management so you minimize the losses you may have.
  • The opportunity to test your skills with a real account without using your own capital.
  • The ability to trade in markets that you would not have access to if you had little capital
  • You can test different strategies to determine the one that best suits your trading style.

With the data above, it’s easy to determine which prop firm is the cheapest. We could base it solely on price and say the cheapest is at the top of the list. This is because it has the lowest price but also the most challenging and steps. It is important to compare the different options available and select the one which is most suitable for your trading style and characteristics.

You can find a comparison on our website of the top prop firms without evaluation and instant funding. Prices are higher than the ones offered by these firms that offer evaluation, but you can trade on a funded trading account right away.

You can also find discounts on prop firms by visiting our section on coupons and discounts. There you will find prp firms promo codes, discount coupons and more.