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	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.	Visit The Funded Trader
Royal Challenge Account	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.	Visit The Funded Trader
Stellar Challenge	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	Visit FundedNext
E8 Account	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.	10% OFF Coupon 10% OFF USE THIS CODE: ELLIOTE8 Show Code 10% OFF USE THIS CODE: × 10% Off Coupon Code on E8 Funding ELLIOTE8 ELLIOTE8 Copy Code & Apply 10% Off Coupon Code on E8 Funding More Less Visit E8 Funding
Experienced Trader Account	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.	10% OFF Coupon 10% OFF USE THIS CODE: 5BEST Show Code 10% OFF USE THIS CODE: × 10% Off Coupon Code on Funded Trading Plus evaluation accounts (Not available for Instant Funding Accounts). 5BEST 5BEST Copy Code & Apply 10% Off Coupon Code on Funded Trading Plus evaluation accounts (Not available for Instant Funding Accounts). More Less Visit Funded Trading Plus
	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.	42% OFF Coupon 42% OFF (ON $10k ACCOUNT): No code needed Show Code 42% OFF (ON $10k ACCOUNT): × 42% Off Coupon Code on FTMO for $10,000 FTMO Challenge. This offer is only available for users who do not currently have an active $10k FTMO Challenge. No code needed No code needed Copy Code & Apply 42% Off Coupon Code on FTMO for $10,000 FTMO Challenge. This offer is only available for users who do not currently have an active $10k FTMO Challenge. More Less Visit FTMO
	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.	Visit The Trading Pit

Prop firms with monthly payment

Propietary Firm	Fee to 50k Balance	Evaluation Steps	Profit	Profit Target	Max. Drawdown	Financial instruments	Leverage
	For $170 $85/month a balance of 50k Other account sizes: For $150 $75/month a balance of 25k For $245 $112.50/month a balance of 75k For $330 $165/month a balance of 100k For $360 $180/month a balance of 150k	1 step	80% on PRO accounts and 90% on PRO+ accounts.	6%	2.2% to 2% Daily Loss Limit and 6% to 3% EOD Trailing Drawdown (the percentage varies depending on the account you choose).	Futures Markets: CME, NYMEX, COMEX and CBOT Exchange	1:1	40% OFF Coupon 40% OFF USE THIS CODE: TAKE50WELCOME Show Code 40% OFF USE THIS CODE: × 40% Off Coupon Code on Take Profit Trader TAKE50WELCOME TAKE50WELCOME Copy Code & Apply 40% Off Coupon Code on Take Profit Trader More Less Visit Take Profit Trader
	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	UP TO 90% OFF Coupon UP TO 90% OFF USE THIS CODE: OXJZBIPD Show Code UP TO 90% OFF USE THIS CODE: × Up to 90% Off Coupon Code First month of any Account on Apex Trader Funding OXJZBIPD OXJZBIPD Copy Code & Apply Up to 90% Off Coupon Code First month of any Account on Apex Trader Funding More Less Visit Apex Trader Funding

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 page of prop firms discounts or our section coupons and discounts. There you will find promo codes, discount coupons and more. Also discounts on other useful trading tools such as this Trade Ideas promo code (Trade ideas is one of the most powerful AI stock trading software).

 

Adrián Pérez

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.