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Eduardo Montero

Author: Eduardo Montero

Last Updated on May 6, 2024

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.

What are the cheapest prop firms?

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 firms with one-off 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:
5k balance for $49
10k balance for $99
25k balance for $135
100k balance for $355
200k balance for $495
3 steps
80% by default and up to 95% with scaling plan.
8% (Phase I).
5% (Phase II).
5% (Phase III).
5% Maximum Daily Loss.
10% Maximum Loss.
Forex, Indices, Commodities, Metals and Cryptocurrencies.
Up to 1:30.
Royal Challenge Account
50k balance for $289

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

Other account sizes:
6k balance for $59
15k balance for $119
25k balance for $199
100k balance for $519
200k balance for $999
1 step or 2 steps
(same price with different trading rules)
80% by default and 90% with scaling plan.

15% Profit share from challenge phase.
1 Step:

10%

2 Steps:

8% (Phase I).
5% ( Phase II).
1 Step:

3% Max Daily Loss (Balance Based).
6% Max Overall Loss.

2 Steps:

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

1:30

2 Steps:

1:100
E8 Account
50k balance for $338

Other account sizes:
25k balance for $228
100k balance for $588
250k balance for $988
2 steps
80%
8% for Step 1.
5% for Step 2.
5% Daily Drawdown.
8% Overall Drawdown.

You can scale your overall drawdown up to 14%
Forex, Commodities, Indices, Equities, and Cryptocurrencies.
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
50k balance for $349

Other account sizes:
$12,500 balance for $119
$25,000 balance for $199
$100,000 balance for $499
$200,000 balance for $949
1 step
80% from the start.
90% after making a profit of 20%.
100% after making a profit of 30%.
10%
4% Maximum Daily Loss.

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

Other account sizes:
10k balance for €155
25k balance for €250
100k balance for €540
200k balance for €1080
2 steps
In non scaled accounts: 80% for the trader.
In scaled accounts: 90% for the trader.
10% for Step 1 and 2 in Normal Mode.
20% for Step 1 and 10% for Step 2 in Aggressive Mode.
Normal Mode:
5% Maximum daily loss.
10% Maximum loss.
Aggressive Mode:
10% Maximum daily loss.
20% Maximum loss.
Forex, Indices, Commodities, Cryptocurrencies and Stocks.
Up to 1:100.
50k balance for $399

Other account sizes:
10k balance for $99
20k balance for $179
100k balance for $999
1 step
60% to 80% (depending on the level of scaling plan).
8%
5% (Daily drawdown).
10% (Max trailing drawdown).
Forex, CFDs, Indices, Commodities, Stocks and Crypto.
1:30.
50k balance for $400

Other account sizes:
25k balance for $250
100k balance for $700
250k balance for $1.8k
500k balance for $3.5k
1m balance for $6.5k
1 step
75%
(or 90% with add-on purchase)
10%
5% (Daily loss limit).
8% (Max trailing drawdown).
Forex, Stocks and Crypto.
1:10 Forex, 1:5 Stocks and 1:2 Crypto.
Instant Funding Account
50k balance for $559

Other account sizes:
$10,000 balance for $159
$25,000 balance for $299
$75,000 balance for $799
$100,000 balance for $949
1 step
50% to 100%
9%
5% Absolute Drawdown
Forex, Crypto, Commodities and Major Index Stocks.
Up to 1:10.

Prop firms with monthly payment

Prop Firm 50k Balance / Fee Challenge Steps Profit Split Profit Target Max. Drawdown Instruments Leverage Visit
50k balance for $165
$49/month

Other account sizes:
100k balance for $325 $99/month
150k balance for $375 $149/month
1 step
100% of the first $10,000 you generate and 90% from that amount.
6%
4% to 3% Max loss limit (the percentage varies depending on the account you choose).
Futures Markets: CME Exchange (22 instruments) NYMEX Exchange (7) COMEX Exchange (6) CBOT Exchange (14)
Up to 1:100
50k balance for $167/month

Other account sizes:
25k balance for $147/month
75k balance for $187/month
100k balance for $207/month
150k balance for $297/month
250k balance for $517/month
300k balance for $657/month
1 step
100% of the first $25,000. 90% from that amount.
5.66% to 6.66% (6% in most accounts)
No daily drawdown.
6% to 2.5% Max trailing threshold (the percentage varies depending on the account you choose).
Futures Markets: CME Exchange (23 instruments) NYMEX Exchange (7) COMEX Exchange (7) CBOT Exchange (13) EUREX (11) ICE (8)
Up to 1:100
50k balance for $180/month

Other account sizes:
25k balance for $150/month
100k balance for $220/month
150k balance for $305/month
1 step
100% of the first $8,000. Then 80% of the profit for the first 12 months and 90% thereafter.
6%
5% Max trailing drawdown (for 50k account, percentage varies for other accounts).
Futures Markets: CME Exchange (30 instruments) NYMEX Exchange (7) COMEX Exchange (8) CBOT Exchange (19)
Up to 1:100

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.

To save money you can also go to our prop firms discounts section where you can find discount coupons (like this one: the funded trader discount) , promo codes and other offers to get the best price on the best prop firms on the market.


Eduardo Montero

Author: Eduardo Montero

I'm Eduardo Montero. Computer scientist by profession and passionate about online trading with more than 10 years of experience in the financial markets. I'm the author of hundreds of articles published in other websites about the online trading industry. Learn more about me here: About the author.


DISCLAIMER: All of 5bestproprietarytradingfirms.com contents posted on this web pages are based on "My" and "Our" opinions alone and are only for information purposes. You should not take any of this information as guidance for buying or selling any type of investment or security. "I","We" and "Us" are not a financial advisor and anything that have been posted here on this site should not be seen as financial advice. "I","We" and "Us" are only sharing biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock/forex market and that one can lose all of their investment. Thus, trades should not be based on the opinions and information of others that are put on the internet such as this page, but by your own research and due diligence. Any financial losses incurred will be at your own risks and the people behind this site will not be held responsible. The information about prop trading firms or Forex trading firms is indicative and has no contractual value and may be out of date or may not correspond to the current conditions of each company.